GAEM Simplify Gamma Emerging Market Bond ETF
The Simplify Gamma Emerging Market Bond ETF (GAEM) seeks income and capital appreciation.
The fund is an actively managed ETF investing in debt securities of issuers in emerging market countries.
GAEM will primarily focus its investments on Latin American issuers, who currently display favorable investment fundamentals. As an actively managed ETF, GAEM will use fundamental, economic and political analysis to seek out securities with the most favorable return and risk profiles.
The fund is an actively managed ETF investing in debt securities of issuers in emerging market countries.
GAEM will primarily focus its investments on Latin American issuers, who currently display favorable investment fundamentals. As an actively managed ETF, GAEM will use fundamental, economic and political analysis to seek out securities with the most favorable return and risk profiles.
Fund Overview
As of 06/18/2026
Ticker Symbol
GAEM
Gross Expense Ratio
0.96%
Net Expense Ratio
0.76%
CUSIP
82889N459
Total Assets
$41,316,128.79
Shares Outstanding
1,525,001
Distribution Rate as of 05/31/2026
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.6.29%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2026
6.80%
30-Day SEC Yield (Unsubsidized) as of 05/31/2026
6.60%
Portfolio Duration
5.75
Options Available
No
Inception Date
08/12/2024
Premium/Discount (%) as of 06/18/2026
-0.01%
NAV Per Share as of 06/18/2026
$27.09
Market Price as of 06/18/2026
$27.09
30-Day Median Bid-Ask Spread
0.11%
Bid/Ask
$27.09/$27.11
Midpoint Price
$27.10
Volume
2,570
NAV Symbol
GAEM.NV
IOPV Symbol
GAEM.IV
Shares Out. Symbol
GAEM.SO
Schedule K-1
No
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.
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 | 0.95% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Other Expenses1 | 0.01% |
| Total Annual Fund Operating Expenses | 0.96% |
| Fee Waiver2 | 0.20% |
| Total Annual Fund Operating Expenses After Fee Waiver | 0.76% |
1. Other Expenses includes interest expenses of 0.01%.
2. The Fund’s adviser has contractually agreed, through at least October 31, 2026, to waive its management fee to 0.75% of the Fund’s average daily net assets.
Fund Performance (Total Return)
As of 05/31/2026 03/31/2026
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|---|---|---|
| NAV | 0.20% | 1.55% | 4.05% | 2.92% | 12.32% | — | — | 20.68% |
| Market Price | 0.23% | 1.56% | 3.91% | 3.02% | 12.26% | — | — | 20.39% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 12.32% | — | — | 11.01% |
| Market Price | 12.26% | — | — | 10.88% |
| Cumulative | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 9.22% | — | — | 15.62% |
| Market Price | 8.93% | — | — | 15.44% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 9.22% | — | — | 9.29% |
| Market Price | 8.93% | — | — | 9.21% |
| Calendar Year | NAV | Market Price |
|---|---|---|
| 2025 | 12.80% | 12.70% |
| 2024 | — | — |
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.
Growth of $10,000
The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.
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
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| - | TREASURY BILL 0 6/23/2026 | 430,000 | 1.04% |
| - | EURO | 8 | 0.00% |
| - | AES ESPANA BV 5.7 5/4/2028 | 580,000 | 1.37% |
| - | EMPRESA GEN ELEC HAINA 5.625 11/8/2028 | 250,000 | 0.59% |
| - | PETROLEOS MEXICANOS 6.5 1/23/2029 | 500,000 | 1.24% |
| - | TELECOM OF TRIN & TOBAGO 8.875 10/18/2029 | 200,000 | 0.49% |
| - | DREYFUS TRSY OBLIG CASH MGMT CL INS | 14,236 | 0.03% |
| - | LATAM AIRLINES GROUP SA 7.875 4/15/2030 | 600,000 | 1.50% |
| - | REPUBLIC OF EL SALVADOR 9.25 4/17/2030 | 300,000 | 0.79% |
| - | ECOPETROL SA 6.875 4/29/2030 | 700,000 | 1.74% |
| - | TECPETROL S.A. 7.625 11/3/2030 | 476,000 | 1.20% |
| - | SIERRACOL EN AND/ARA/DEV 9 11/14/2030 | 200,000 | 0.48% |
| - | CSN RESOURCES SA 8.875 12/5/2030 | 350,000 | 0.66% |
| - | PETROLEOS MEXICANOS 5.95 1/28/2031 | 800,000 | 1.92% |
| - | AVIANCA MIDCO 2 PLC 9.5 1/28/2031 | 400,000 | 0.95% |
| - | AVIANCA MIDCO 2 PLC 9.5 1/28/2031 | 250,000 | 0.60% |
| - | PLUSPETROL SA 8.125 5/18/2031 | 500,000 | 1.26% |
| - | CSN RESOURCES SA 4.625 6/10/2031 | 400,000 | 0.64% |
| - | TELEFONICA MOVILES CHILE 3.537 11/18/2031 | 700,000 | 1.34% |
| - | LD CELULOSE INTERNATIONA 7.95 1/26/2032 | 250,000 | 0.63% |
| - | LD CELULOSE INTERNATIONA 7.95 1/26/2032 | 200,000 | 0.51% |
| - | ECOPETROL SA 7.75 2/1/2032 | 580,000 | 1.48% |
| - | MILLICOM INTL CELLULAR 7.375 4/2/2032 | 300,000 | 0.75% |
| - | PLUSPETROL SA 8.5 5/30/2032 | 200,000 | 0.51% |
| - | ENFRAGEN ENERGIA SUR SAU 8.499 6/30/2032 | 500,000 | 1.27% |
| - | BOROO INVESTMENTS 9.5 8/7/2032 | 200,000 | 0.46% |
| - | VOLCAN CIA MINERA SAA-CM 8.5 10/28/2032 | 500,000 | 1.25% |
| - | AUNA SA / ONCOSALUD SAC 8.75 11/6/2032 | 350,000 | 0.85% |
| - | J&F LUXEMBOURG FINANCE 8.5 12/1/2032 | 400,000 | 0.98% |
| - | PETROLEOS MEXICANOS 10 2/7/2033 | 1,000,000 | 2.86% |
| - | TELECOM ARGENTINA SA 9.25 5/28/2033 | 250,000 | 0.65% |
| - | TELECOM ARGENTINA SA 9.25 5/28/2033 | 200,000 | 0.52% |
| - | YPF SOCIEDAD ANONIMA 8.25 1/17/2034 | 400,000 | 1.02% |
| - | YPF SOCIEDAD ANONIMA 8.25 1/17/2034 | 250,000 | 0.64% |
| - | REPUBLIC OF COLOMBIA 7.5 2/2/2034 | 700,000 | 1.83% |
| - | HONDURAS GOVERNMENT 8.625 11/27/2034 | 350,000 | 0.98% |
| - | HONDURAS GOVERNMENT 8.625 11/27/2034 | 100,000 | 0.28% |
| - | BANCOLOMBIA SA 8.625 12/24/2034 | 450,000 | 1.17% |
| - | COMISION FEDERAL DE ELEC 6.45 1/24/2035 | 400,000 | 0.97% |
| - | SAAVI ENERGIA SARL 8.875 2/10/2035 | 400,000 | 1.06% |
| - | FED REPUBLIC OF BRAZIL 6.625 3/15/2035 | 850,000 | 2.12% |
| - | PETROLEOS MEXICANOS 6.625 6/15/2035 | 780,000 | 1.83% |
| - | REPUBLIC OF EL SALVADOR 7.65 6/15/2035 | 580,000 | 1.46% |
| - | BANCO DAVIVIENDA SA 8.125 7/2/2035 | 550,000 | 1.38% |
| - | ENERGUATE TRUST 2 0 6.35 9/15/2035 | 200,000 | 0.48% |
| - | NATIONAL GAS CO 6.05 1/15/2036 | 100,000 | 0.22% |
| - | ECOPETROL SA 8.375 1/19/2036 | 700,000 | 1.84% |
| - | AEGEA FINANCE SARL 7.625 1/20/2036 | 500,000 | 1.00% |
| - | MINERVA LUXEMBOURG SA 7.5 4/22/2036 | 650,000 | 1.51% |
| - | BONO GAR PROV DEL CHUBUT 9.45 4/29/2036 | 400,000 | 1.03% |
| - | FED REPUBLIC OF BRAZIL 6.25 5/22/2036 | 300,000 | 0.72% |
| - | COMMONWEALTH OF BAHAMAS 8.25 6/24/2036 | 890,000 | 2.42% |
| - | COMMONWEALTH OF BAHAMAS 8.25 6/24/2036 | 300,000 | 0.82% |
| - | KINGSTON AIRPORT REV FIN 6.75 12/15/2036 | 259,731 | 0.63% |
| - | KINGSTON AIRPORT REV FIN 6.75 12/15/2036 | 199,793 | 0.49% |
| - | DOMINICAN REPUBLIC 6.95 3/15/2037 | 900,000 | 2.31% |
| - | PAMPA ENERGIA SA 7.75 11/14/2037 | 500,000 | 1.24% |
| - | REPUBLIC OF ARGENTINA STEP-CPN 1/9/2038 | 1,150,000 | 2.32% |
| - | UNITED MEXICAN STATES 6.125 2/9/2038 | 1,200,000 | 2.86% |
| - | VISTA OIL & GAS ARGENTIN 7.875 4/8/2038 | 500,000 | 1.27% |
| - | VISTA OIL & GAS ARGENTIN 7.875 4/8/2038 | 100,000 | 0.25% |
| - | DOMINICAN REPUBLIC 6.15 5/17/2038 | 500,000 | 1.21% |
| - | UEP PENNONOME II SA 6.5 10/1/2038 | 189,119 | 0.41% |
| - | REPUBLIC OF ECUADOR 9.25 1/29/2039 | 1,300,000 | 3.25% |
| - | REPUBLIC OF ECUADOR 9.25 1/29/2039 | 250,000 | 0.63% |
| - | GRUPO TELEVISA SAB 6.625 1/15/2040 | 600,000 | 1.31% |
| - | REPUBLIC OF EL SALVADOR 7.625 2/1/2041 | 650,000 | 1.61% |
| - | DOMINICAN REPUBLIC BON 12.0 05/29/2041 | 100,000,000 | 4.26% |
| - | REPUBLIC OF COLOMBIA 5.625 2/26/2044 | 1,150,000 | 2.43% |
| - | FED REPUBLIC OF BRAZIL 5 1/27/2045 | 1,200,000 | 2.32% |
| - | FED REPUBLIC OF BRAZIL 5.625 2/21/2047 | 1,000,000 | 2.08% |
| - | UNITED MEXICAN STATES 6.338 5/4/2053 | 900,000 | 2.07% |
| - | REPUBLIC OF EL SALVADOR 9.65 11/21/2054 | 400,000 | 1.12% |
| - | REPUBLIC OF EL SALVADOR 9.65 11/21/2054 | 250,000 | 0.70% |
| - | DOMINICAN REPUBLIC 7.15 2/24/2055 | 250,000 | 0.65% |
| - | DOMINICAN REPUBLIC 7.15 2/24/2055 | 200,000 | 0.52% |
| - | FED REPUBLIC OF BRAZIL 7.25 1/12/2056 | 1,100,000 | 2.69% |
| - | DOMINICAN REPUBLIC 5.875 1/30/2060 | 793,000 | 1.71% |
| - | GRUPO NUTRESA SA 7.875 PERPETL 7/21/2174 | 500,000 | 1.21% |
| - | GRUPO NUTRESA SA 7.875 PERPETL 7/21/2174 | 300,000 | 0.72% |
| - | Estimated Cash | 799,730 | 1.94% |
Holdings are subject to change without notice.
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution |
|---|---|---|---|
| N/A | |||
| $0.14000 | |||
| $0.14000 | |||
| $0.14000 | |||
| $0.14000 |
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions.
They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus
not reflective of the tax information investors should expect. S19 reports are posted for regulatory
requirements only.
