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NMB

Simplify National Muni Bond ETF

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as of 10/07/2024

NAV

$ 25.09

NAV Change

- $ 0.07 /0.28%

Price

$ 25.10

Price Change

- $ 0.03 /0.12%
The Simplify National Muni Bond ETF (NMB) seeks income with capital appreciation as a secondary objective.

The fund is an actively managed ETF that seeks to achieve its investment objective by investing primarily in investment-grade U.S. municipal bonds, with attractive tax-free yields.

NMB also employs an actively managed municipal bond strategy that pursues opportunistic investing in securities overlooked by passive mandates. In addition, the fund runs a diversified, multi-asset options writing strategy seeking to further enhance returns.

Foundation Credit is the fund's Subadvisor for the municipal portfolio. 
 
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Documents

Fund Overview

As of 10/07/2024

Ticker Symbol
NMB
Gross Expense Ratio
0.52%
CUSIP
82889N442
Total Assets
$94,728,368.76
Shares Outstanding
3,775,001
Distribution Rate as of 10/07/2024 Distribution rate 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 rate.
Distribution Rate Close
Distribution rate 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 rate.
-
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 10/07/2024 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 10/07/2024
-
Options Available
No
Inception Date
09/09/2024
Premium/Discount (%) as of 10/07/2024
0.03%
NAV Per Share as of 10/07/2024
$25.09
Market Price as of 10/07/2024
$25.10
30-Day Median Bid-Ask Spread
0.20%
Bid/Ask
$25.07/$25.13
Midpoint Price
$25.10
Volume
192
NAV Symbol
NMB.NV
IOPV Symbol
NMB.IV
Shares Out. Symbol
NMB.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 0.50%
Distribution and Service (12b-1) Fees 0.00%
Acquired Fund Fees and Expenses1 0.01%
Other Expenses2 0.01%
Total Annual Fund Operating Expenses 0.52%
1. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal year, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

2. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 09/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV — — — — — 0.95%
Market Price — — — — — 0.86%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 0.95%
Market Price — 0.86%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
N/A
5
Days Traded at Discount
N/A
10
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 10/07/2024

Holdings - All ETFs
Ticker Name Quantity Weight
ALLAPT ALLEGHENY CNTY PA ARPT 5.0 01JAN56 1,320,000 1.46%
DALTRN DALLAS TEX AREA RAPID T 3.0 01DEC47 5,000,000 4.38%
DCTTRN WASHINGTON D C MET AREA 5.0 15JUL56 2,000,000 2.32%
FULDEV FULTON CNTY GA DEV AUTH 5.0 15JUN56 4,450,000 5.13%
GAIMED GAINESVILLE + HALL CNTY 4.0 15FEB45 3,710,000 3.80%
KENAPT KENTON CNTY KY ARPT BR 5.25 01JAN54 2,000,000 2.28%
LAMSCD LAMAR TEX CONS INDPT SC 5.0 15FEB58 2,085,000 2.38%
LEEAPT LEE CNTY FLA ARPT REV 5.25 01OCT54 2,750,000 3.15%
MAS MASSACHUSETTS ST 5.0 01AUG54 4,000,000 4.62%
MASEDU MASSACHUSETTS ST SCH BL 3.0 15AUG50 5,000,000 4.26%
MDSTRN MARYLAND ST DEPT TRANS 4.0 01AUG51 5,000,000 5.03%
MNVSCD MEDINA VALLEY TEX INDPT 4.0 15FEB53 2,500,000 2.58%
MTATRN METROPOLITAN TRANSN AUT 5.0 15NOV51 4,000,000 4.63%
NYSFAC NEW YORK ST URBAN EEV C 5.0 15MAR54 4,000,000 4.60%
NYSHGR NEW YORK ST DORM AUTH R 4.0 01MAY54 4,000,000 4.05%
NYSTRN NEW YORK ST TWY AUTH ST 3.0 15MAR50 6,000,000 5.12%
PHIUTL PHILADELPHIA PA GAS WK 5.25 01AUG54 2,750,000 3.20%
PTPAPT PORT PORTLAND ORE ARPT 5.25 01JUL54 4,000,000 4.63%
TRBTRN TRIBOROUGH BRDG + TUNL 5.25 15MAY64 4,000,000 4.73%
TXSWTR TEXAS WTR DEV BRD REV 4.375 15OCT54 4,000,000 4.26%
TXSWTR TEXAS WTR DEV BRD REV 4.375 15OCT59 4,000,000 4.25%
WACSCD WACO TEX INDPT SCH DIST 3.0 15AUG52 2,315,000 1.96%
GLD US 10/11/24 P225 GLD Oct 2024 225 Put 1,081 0.00%
GLD US 10/11/24 P234 GLD Oct 2024 234 Put -1,081 -0.01%
HYG US 10/18/24 P77 HYG Oct 2024 77 Put 5,617 0.03%
HYG US 10/18/24 P79 HYG Oct 2024 79 Put -5,617 -0.11%
NDXP US 10/09/24 P18150 NDXP Oct 2024 18150 Put 4 0.00%
NDXP US 10/09/24 P19000 NDXP Oct 2024 19000 Put -4 0.00%
NDXP US 10/11/24 P18000 NDXP Oct 2024 18000 Put 7 0.00%
NDXP US 10/11/24 P19000 NDXP Oct 2024 19000 Put -7 -0.02%
RUTW US 10/09/24 P1990 RUTW Oct 2024 1990 Put 39 0.00%
RUTW US 10/09/24 P2080 RUTW Oct 2024 2080 Put -39 0.00%
RUTW US 10/11/24 P2000 RUTW Oct 2024 2000 Put 73 0.00%
RUTW US 10/11/24 P2100 RUTW Oct 2024 2100 Put -73 -0.02%
SPXW US 10/09/24 P5300 SPXW Oct 2024 5300 Put 16 0.00%
SPXW US 10/09/24 P5515 SPXW Oct 2024 5515 Put -16 0.00%
SPXW US 10/11/24 P5290 SPXW Oct 2024 5290 Put 31 0.00%
SPXW US 10/11/24 P5520 SPXW Oct 2024 5520 Put -31 -0.02%
SPXW US 10/14/24 P5495 SPXW Oct 2024 5495 Put 30 0.02%
USO US 10/18/24 C82 USO Oct 2024 82 Call 424 0.07%
HILMEC HILLSBOROUGH CNTY FLA I 5.5 15NOV54 — —
TRBTRN TRIBOROUGH BRDG + TUNL 4.0 15MAY54 — —
- Estimated Cash 16,309,025 17.22%

Holdings are subject to change without notice.

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