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HARD

Simplify Commodities Strategy No K-1 ETF

as of 06/18/2024

NAV

$ 24.70

NAV Change

+ $ 0.20 /0.82%

Price

$ 24.70

Price Change

+ $ 0.19 /0.78%
Commodities are a terrific way to hedge portfolios against strong inflation, but long-only commodity investments are challenging to hold over strategic horizons given their prevalence for extended periods of underperformance.

The Simplify Commodities Strategy No K-1 ETF (HARD) seeks long term capital appreciation by systematically investing in commodity futures in an attempt to create commodity exposure that performs strongly during inflationary periods while still performing well in more typical market environments.

To this end, HARD deploys a suite of systematic long/short (l/s) models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.

Fund Overview

As of 06/18/2024

Ticker Symbol
HARD
Gross Expense Ratio
0.75%
CUSIP
82889N566
Total Assets
$10,496,247.14
Shares Outstanding
425,001
Distribution Yield as of 03/31/2024 Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
Distribution Yield Close
Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
2.56%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 05/31/2024 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
-
30-Day SEC Yield (Unsubsidized) as of 05/31/2024
3.16%
Options Available
No
Inception Date
03/27/2023
Premium/Discount (%) as of 06/18/2024
0.01%
NAV Per Share as of 06/18/2024
$24.70
Market Price as of 06/18/2024
$24.70
30-Day Median Bid-Ask Spread
0.23%
Bid/Ask
$24.67/$24.73
Midpoint Price
$24.70
Volume
378
NAV Symbol
HARD.NV
IOPV Symbol
HARD.IV
Shares Out. Symbol
HARD.SO
Schedule K-1
No

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.00%
Total Annual Fund Operating Expenses 0.75%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 05/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 3.28% 8.61% 8.85% 8.13% 0.04% 2.69%
Market Price 3.18% 8.31% 8.66% 7.85% -0.13% 2.41%
Annualized 1 Year 3 Year Since Inception
NAV 0.04% 2.28%
Market Price -0.13% 2.05%
Cumulative 1 Year Since Inception
NAV -3.46% -3.89%
Market Price -3.46% -3.86%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -3.46% -3.85%
Market Price -3.46% -3.83%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
122
25
Days Traded at Discount
70
36

Portfolio Holdings

Ticker Name Quantity Weight
BON4 COM SOYBEAN OIL FUTR Jul24 -1 -0.25%
BOQ4 COM SOYBEAN OIL FUTR Aug24 -6 -1.53%
BOU4 COM SOYBEAN OIL FUTR Sep24 -4 -1.02%
CLV4 COM WTI CRUDE FUTURE Oct24 1 0.75%
CLX4 COM WTI CRUDE FUTURE Nov24 1 0.75%
CLZ4 COM WTI CRUDE FUTURE Dec24 4 2.97%
HGU4 COM COPPER FUTURE Sep24 -2 -2.12%
NGF25 COM NATURAL GAS FUTR Jan25 22 8.58%
NGG25 COM NATURAL GAS FUTR Feb25 9 3.36%
NGH25 COM NATURAL GAS FUTR Mar25 14 4.67%
NGQ24 COM NATURAL GAS FUTR Aug24 13 3.70%
NGU24 COM NATURAL GAS FUTR Sep24 7 1.98%
NGV24 COM NATURAL GAS FUTR Oct24 8 2.32%
NGZ24 COM NATURAL GAS FUTR Dec24 5 1.83%
S U4 COM SOYBEAN FUTURE Sep24 2 1.08%
SIU4 COM SILVER FUTURE Sep24 -2 -2.85%
W U4 COM WHEAT FUTURE(CBT) Sep24 -6 -1.71%
W Z4 COM WHEAT FUTURE(CBT) Dec24 -2 -0.59%
XBN4 COM GASOLINE RBOB FUT Jul24 -1 -0.99%
XBQ4 COM GASOLINE RBOB FUT Aug24 -5 -4.93%
- TREASURY BILL DN 7/24 2850000 27.09%
- TREASURY BILL DN 7/24 500000 4.75%
- TREASURY BILL DN 8/24 2200000 20.80%
- TREASURY BILL DN 8/24 400000 3.78%
- TREASURY BILL 0 9/24 4300000 40.43%
- Estimated Cash 314568 3.00%

As of

Category Weight Est. Initial Margin Contrib to Vol
NATURAL GAS FUTR 27.45% 315,810 61.80%
WTI CRUDE FUTURE 10.61% 92,070 10.33%
SILVER FUTURE -2.99% 25,300 8.50%
WHEAT FUTURE(CBT) -3.41% 26,400 6.46%
NY HARB ULSD FUT 4.12% 34,540 5.10%
COPPER FUTURE -2.17% 13,420 3.97%
SOYBEAN OIL FUTR -1.79% 12,760 2.93%
SOYBEAN FUTURE 1.07% 5,170 0.92%
CORN FUTURE 0.00% 0 0.00%
GOLD 100 OZ FUTR 0.00% 0 0.00%
GASOLINE RBOB FUT 0.00% 0 0.00%
Total 32.89% 525,470 100.00%
Category Weight Market Value/Exposure Est. Yield
Treasury Bill 97.28% 10,135,614 5.36%
Pure Cash 2.72% 283,158 0.00%
Total 100.00% 10,418,772 0.00%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.25516 $0.00000 $0.00000 $0.00000 $0.25516
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
View Distribution History

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