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HARD

Simplify Commodities Strategy No K-1 ETF

as of 02/21/2024

NAV

$ 23.15

NAV Change

+ $ 0.09 /0.39%

Price

$ 23.17

Price Change

+ $ 0.09 /0.39%
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 02/21/2024

Ticker Symbol
HARD
Gross Expense Ratio
0.75%
CUSIP
82889N566
Total Assets
$8,682,022.01
Shares Outstanding
375,001
Distribution Yield as of 12/31/2023 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.
4.38%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 01/31/2024 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.
3.24%
Unsubsidized 30-Day SEC Yield as of 01/31/2024
3.24%
Options Available
No
Inception Date
03/27/2023
Premium/Discount (%) as of 02/21/2024
0.08%
NAV Per Share as of 02/21/2024
$23.15
Market Price as of 02/21/2024
$23.17
30-Day Median Bid-Ask Spread
0.22%
Bid/Ask
$23.14/$23.19
Midpoint Price
$23.17
Volume
1,162
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 01/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -0.99% -3.39% -8.90% -0.99% -5.97%
Market Price -0.99% -3.26% -9.00% -0.99% -5.98%
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV -5.04%
Market Price -5.04%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2023 4th Quarter of 2023
Days Traded at Premium
122
32
Days Traded at Discount
70
31

Portfolio Holdings

Ticker Name Quantity Weight
BOK4 COM SOYBEAN OIL FUTR May24 -1 -0.31%
BON4 COM SOYBEAN OIL FUTR Jul24 -8 -2.53%
C K4 COM CORN FUTURE May24 -12 -2.93%
C N4 COM CORN FUTURE Jul24 -8 -2.01%
C U4 COM CORN FUTURE Sep24 -3 -0.77%
CLK4 COM WTI CRUDE FUTURE May24 3 2.67%
CLN4 COM WTI CRUDE FUTURE Jul24 -1 -0.88%
CLU4 COM WTI CRUDE FUTURE Sep24 -1 -0.86%
GCJ4 COM GOLD 100 OZ FUTR Apr24 -13 -30.46%
HGK4 COM COPPER FUTURE May24 13 14.55%
HGN4 COM COPPER FUTURE Jul24 3 3.37%
HOJ4 COM NY Harb ULSD Fut Apr24 -2 -2.58%
NGJ24 COM NATURAL GAS FUTR Apr24 3 0.64%
NGK24 COM NATURAL GAS FUTR May24 2 0.46%
NGV24 COM NATURAL GAS FUTR Oct24 -6 -1.76%
NGX24 COM NATURAL GAS FUTR Nov24 -1 -0.34%
S H4 COM SOYBEAN FUTURE Mar24 -2 -1.34%
S K4 COM SOYBEAN FUTURE May24 -9 -6.04%
S N4 COM SOYBEAN FUTURE Jul24 -10 -6.76%
S Q4 COM SOYBEAN FUTURE Aug24 -6 -4.04%
SIK4 COM SILVER FUTURE May24 2 2.66%
W N4 COM WHEAT FUTURE(CBT) Jul24 -2 -0.67%
XBJ4 COM GASOLINE RBOB FUT Apr24 3 3.67%
- TREASURY BILL DN 3/24 4400000 50.42%
- TREASURY BILL DN 3/24 1300000 14.90%
- TREASURY BILL DN 4/24 2200000 25.14%
- Estimated Cash 729349 8.40%

As of

Category Weight Est. Initial Margin Contrib to Vol
COPPER FUTURE 21.33% 83,600.00 21.45%
GOLD 100 OZ FUTR -30.27% 118,690.00 20.08%
SOYBEAN FUTURE -13.25% 48,975.00 12.45%
NATURAL GAS FUTR -0.74% 44,550.00 9.30%
NY HARB ULSD FUT -5.21% 36,520.00 8.70%
GASOLINE RBOB FUT 3.71% 24,420.00 6.14%
SOYBEAN OIL FUTR -4.34% 23,650.00 5.95%
CORN FUTURE -5.61% 28,484.00 5.07%
WTI CRUDE FUTURE 0.93% 34,210.00 4.95%
SILVER FUTURE 2.64% 17,600.00 3.89%
WHEAT FUTURE(CBT) 0.66% 9,790.00 2.02%
Total -30.14% 470,489.00 100.00%
Category Weight Market Value/Exposure Est. Yield
Treasury Bill 90.05% 7,854,547.46 5.39%
Pure Cash 9.95% 867,528.67 0.00%
Total 100.00% 8,722,076.13 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
$0.25516 $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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