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NMB

Simplify National Muni Bond ETF

as of 05/19/2025

NAV

$ 25.78

NAV Change

- $ 0.09 /0.35%

Price

$ 25.91

Price Change

+ $ 0.00 /0.00%
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. 

Fund Overview

As of 05/19/2025

Ticker Symbol
NMB
Gross Expense Ratio
0.52%
CUSIP
82889N442
Total Assets
$87,005,686.78
Shares Outstanding
3,375,001
Distribution Rate as of 03/31/2025 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.
4.58%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 04/30/2025 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 04/30/2025
3.82%
Portfolio Duration
10.21
Options Available
No
Inception Date
09/09/2024
Premium/Discount (%) as of 05/19/2025
0.51%
NAV Per Share as of 05/19/2025
$25.78
Market Price as of 05/19/2025
$25.91
30-Day Median Bid-Ask Spread
0.32%
Bid/Ask
$25.79/$25.88
Midpoint Price
$25.84
Volume
8,491
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 Fees0.50%
Distribution and Service (12b-1) Fees0.00%
Acquired Fund Fees and Expenses10.01%
Other Expenses20.01%
Total Annual Fund Operating Expenses0.52%

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 (Total Return)

As of 04/30/2025 03/31/2025

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 8.66% 1.49% 1.81% 2.55% 0.94%
Market Price 8.58% 1.10% 1.50% 2.44% 0.47%
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV -7.11%
Market Price -7.47%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2024 1st Quarter of 2025
Days Traded at Premium
39
27
Days Traded at Discount
40
33

Portfolio Holdings

Ticker Name Quantity Weight
ALESCD ALEDO TEX INDPT SCH DIS 3.0 15FEB50 2,500,000 2.05%
ALLAPT ALLEGHENY CNTY PA ARPT 5.5 01JAN55 2,490,000 2.98%
CEDSCD CEDAR HILL TEX INDPT SC 4.0 15FEB50 3,000,000 3.17%
CHITRN CHICAGO ILL O HARE INTL 5.5 01JAN59 2,500,000 3.06%
DCTTRN WASHINGTON D C MET ARE 5.25 15JUL59 2,565,000 3.13%
DENAPT DENVER COLO CITY + CN 4.125 15NOV53 3,150,000 3.14%
FLSTRN FLORIDA ST TPK AUTH TPK 4.0 01JUL51 2,000,000 2.09%
FLSTRN FLORIDA ST TPK AUTH TPK 4.0 01JUL54 2,500,000 2.59%
HARMED HARRIS CNTY TEX HOSP DI 5.0 15FEB55 2,000,000 2.32%
HENMED HENRICO CNTY VA ECONOMI 5.0 01NOV48 2,000,000 2.31%
HRDTRN HAMPTON RDS VA TRANS AC 4.0 01JUL57 2,750,000 2.81%
LOSAPT LOS ANGELES CALIF DEPT 5.25 15MAY55 2,000,000 2.43%
LOSAPT LOS ANGELES CALIF DEPT 5.0 15MAY55 2,000,000 2.31%
LOSUTL LOS ANGELES CALIF WASTE 5.0 01JUN55 2,500,000 2.98%
LWCGEN LOWER COLO RIV AUTH TEX 5.0 15MAY55 2,000,000 2.34%
MASDEV MASSACHUSETTS ST DEV FI 5.0 01JUL55 2,000,000 2.38%
MDCTRN MIAMI-DADE CNTY FLA SEA 3.0 01OCT50 1,930,000 1.57%
NMSHSG NEW MEXICO MTG FIN AUTH 5.1 01SEP55 1,700,000 1.96%
NYCGEN NEW YORK N Y CITY TRANS 3.0 01AUG48 3,000,000 2.53%
NYSDEV NEW YORK ST URBAN DEV C 5.0 15MAR50 2,500,000 2.99%
NYSHGR NEW YORK ST DORM AUTH S 4.0 15MAR54 3,500,000 3.53%
OKSTRN OKLAHOMA ST TPK AUTH T 4.25 01JAN55 2,000,000 2.15%
OKSTRN OKLAHOMA CAP IMPT AUTH 5.25 01JUL55 2,000,000 2.41%
PASDEV PENNSYLVANIA ECONOMIC D 4.0 01AUG54 2,410,000 2.47%
PASTRN PENNSYLVANIA ST TPK C 4.125 01DEC50 2,000,000 2.18%
PASTRN PENNSYLVANIA ST TPK CO 5.25 01DEC54 2,000,000 2.45%
PHOAPT PHOENIX ARIZ CIVIC IMP 3.25 01JUL49 2,000,000 1.72%
SCSUTL SOUTH CAROLINA ST PUB S 5.0 01DEC54 1,980,000 2.34%
SDGAPT SAN DIEGO CNTY CALIF RE 5.0 01JUL53 3,000,000 3.51%
SDGAPT SAN DIEGO CNTY CALIF RE 5.0 01JUL56 3,000,000 3.48%
SDGEDU SAN DIEGO CALIF UNI SCH 4.0 01JUL53 2,500,000 2.66%
SFOAPT SAN FRANCISCO CALIF CIT 5.5 01MAY55 2,500,000 2.99%
TRBTRN TRIBOROUGH BRDG + TUNL 5.25 15MAY64 2,000,000 2.37%
TXSWTR TEXAS WTR DEV BRD REV 4.375 15OCT59 3,630,000 3.95%
SPXW US 05/21/25 C6000 SPXW May 2025 6000 Call 516 0.60%
SPXW US 05/23/25 P5800 SPXW May 2025 5800 Put 81 0.05%
SPXW US 05/30/25 C6000 SPXW May 2025 6000 Call 127 0.67%
SPXW US 06/06/25 C6100 SPXW Jun 2025 6100 Call 402 1.21%
SPXW US 06/30/25 C6200 SPXW Jun 2025 6200 Call 202 0.72%
SPXW US 07/18/25 C6300 SPXW Jul 2025 6300 Call 157 0.53%
- Estimated Cash 5,955,172 6.84%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.26000
$0.27332
View Distribution History

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