TUA

Simplify Short Term Treasury Futures Strategy ETF

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as of 11/25/2022

NAV

$ 24.70

NAV Change

+ $ 0.01 /0.04%

Price

$ 24.71

Price Change

+ $ 0.03 /0.12%

The Simplify Short Term Treasury Futures Strategy ETF (TUA) seeks to provide total return, before fees and expenses, that matches or outperforms the performance of the ICE US Treasury 7-10 Year Bond Index on a calendar quarter basis. The Fund does not seek to achieve its stated investment objective over a period of time different than a full calendar quarter.

The fund looks to target the duration of the ICE 7-10 Year US Treasury Index by investing in Treasury futures at the short end of the curve. The fund is designed to provide significant duration from only a modest capital allocation while simultaneously attempting to harvest yield curve efficiencies from the short end of the curve.

The fund can be used as a replacement for less efficient intermediate duration holdings, as a means of increasing capital efficiency of shorter duration portfolio allocations, or as a building block within innovative portfolio solutions such as risk parity.

Fund Overview

As of 11/25/2022

Ticker Symbol
TUA
Gross Expense Ratio
0.25%
Net Expense Ratio
0.15%
CUSIP
82889N657
Total Assets
$21,615,547.00
Shares Outstanding
875,001
SEC 30-Day Yield as of 11/25/2022 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.
-
Unsubsidized 30-Day SEC Yield as of 11/25/2022
-
Distribution Frequency
N/A
Distribution Yield as of 11/25/2022 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.
-
Options Available
No
Inception Date
11/14/2022
Premium/Discount (%) as of 11/25/2022
0.03%
NAV
$24.70
NAV Per Share as of 11/25/2022
$24.70
Market Price as of 11/25/2022
$24.71
30-Day Median Bid-Ask Spread
N/A
Bid/Ask
$24.70/$24.71
Midpoint Price
$24.71
Volume
2,662
NAV Symbol
TUA.NV
IOPV Symbol
TUA.IV
Shares Out. Symbol
TUA.SO

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 0.25%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.00%
Total Annual Fund Operating Expenses 0.25%
Fee Waiver2 (0.10)%
Total Annual Fund Operating Expenses After Fee Waiver 0.15%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

2. The Fund’s adviser has contractually agreed, until at least October 31, 2023, to waive its management fees and/or pay or absorb the Fund’s expenses, in order to limit the amount of “Specified Expenses” borne by the Fund to 0.15% of the Fund’s average daily net assets. “Specified Expenses” means all ordinary operating expenses of the Fund, except for interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund fees and expenses, and expenses incidental to a meeting of the Fund’s shareholders.

Fund Performance

As of 10/31/2022 09/30/2022

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV
Market Price
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV
Market Price
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2021 3rd Quarter of 2022
Days Traded at Premium N/A N/A
Days Traded at Discount N/A N/A
Ticker Name Quantity Weight
T Bills TREASURY BILL 0 1/5/2023 18925000 87.20%
TUH3 COM US 2YR NOTE (CBT) MAR23 525 0.21%
- Estimated Cash 2721275 12.59%