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FIG

Simplify Macro Strategy ETF

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as of 01/17/2025

NAV

$ 21.19

NAV Change

+ $ 0.04 /0.19%

Price

$ 21.25

Price Change

+ $ 0.13 /0.62%
The Simplify Macro Strategy ETF (FIG) is a systematic macro strategy built to provide capital efficient and differentiated sources of absolute return.

FIG's portfolio consists of a robust mix of equity beta, currency, and risk-reversal overlays as well as diversifying and hedging strategies such as quantitative investment strategies, managed futures, and proprietary hedges.

The fund will opportunistically invest in equity, credit, interest rate, and FX derivatives (listed and OTC) to capitalize on attractive idiosyncratic market dislocations.


 
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Documents

Fund Overview

As of 01/17/2025

Ticker Symbol
FIG
Gross Expense Ratio
1.03%
Net Expense Ratio
0.78%
CUSIP
82889N715
Total Assets
$12,184,459.92
Shares Outstanding
575,001
Distribution Rate as of 12/31/2024 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.
22.14%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 12/31/2024 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.
1.06%
30-Day SEC Yield (Unsubsidized) as of 12/31/2024
3.73%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 01/17/2025
0.28%
NAV Per Share as of 01/17/2025
$21.19
Market Price as of 01/17/2025
$21.25
30-Day Median Bid-Ask Spread
1.48%
Bid/Ask
$21.01/$21.50
Midpoint Price
$21.26
Volume
156
NAV Symbol
FIG.NV
IOPV Symbol
FIG.IV
Shares Out. Symbol
FIG.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 rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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 0.11%
Acquired Fund Fees and Expenses2 0.17%
Total Annual Fund Operating Expenses 1.03%
Fee Waiver3 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver 0.78%
1. Other Expenses includes interest expenses of 0.11%.

2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do 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.

3. The Fund’s adviser has contractually agreed, through at least October 31, 2025, to waive its management fees to 0.50% ofthe Fund’s average daily net assets.

Fund Performance

As of 12/31/2024 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -6.04% -1.09% 2.07% -6.24% -6.24% -7.06%
Market Price -6.92% -1.83% 1.13% -7.24% -7.24% -7.94%
Annualized 1 Year 3 Year Since Inception
NAV -6.24% — -2.75%
Market Price -7.24% — -3.10%
Cumulative 1 Year Since Inception
NAV -6.24% -7.06%
Market Price -7.24% -7.94%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -6.24% — — -2.75%
Market Price -7.24% — — -3.10%
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 2024 4th Quarter of 2024
Days Traded at Premium
50
12
Days Traded at Discount
202
52
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 01/17/2025

Holdings - All ETFs
Ticker Name Quantity Weight
CTA SIMPLIFY MANAGED FUTURES 140,378 33.03%
NXTI SIMPLIFY NEXT INTG C IDX 26,999 6.38%
NXTV SIMPLIFY NEXT INT VA IDX 26,999 5.74%
QIS SIMPLIFY MULTI-QIS ALT ET 99,731 19.88%
SPQ SIMPLIFY US EQTY P QIS ET 33,592 7.55%
WUSA SIMPLIFY WO US EQ 150/50 59,800 13.09%
GLD US 01/29/25 P231 GLD Jan 2025 231 Put 68 0.00%
GLD US 01/29/25 P240 GLD Jan 2025 240 Put -68 -0.02%
GLD US 01/31/25 P229 GLD Jan 2025 229 Put 56 0.00%
GLD US 01/31/25 P240 GLD Jan 2025 240 Put -56 -0.03%
MSTR US 01/24/25 P200 MSTR Jan 2025 200 Put 10 0.00%
MSTR US 01/24/25 P250 MSTR Jan 2025 250 Put 12 0.01%
MSTR US 01/24/25 P260 MSTR Jan 2025 260 Put -10 -0.01%
MSTR US 01/24/25 P300 MSTR Jan 2025 300 Put -12 -0.02%
MSTR US 01/31/25 P220 MSTR Jan 2025 220 Put 9 0.01%
MSTR US 01/31/25 P250 MSTR Jan 2025 250 Put 12 0.02%
MSTR US 01/31/25 P285 MSTR Jan 2025 285 Put -9 -0.02%
MSTR US 01/31/25 P300 MSTR Jan 2025 300 Put -12 -0.04%
RUTW US 01/22/25 P2000 RUTW Jan 2025 2000 Put 5 0.00%
RUTW US 01/22/25 P2110 RUTW Jan 2025 2110 Put -5 0.00%
RUTW US 01/24/25 P2000 RUTW Jan 2025 2000 Put 4 0.00%
RUTW US 01/24/25 P2135 RUTW Jan 2025 2135 Put -4 0.00%
RUTW US 01/29/25 P2030 RUTW Jan 2025 2030 Put 5 0.00%
RUTW US 01/29/25 P2140 RUTW Jan 2025 2140 Put -5 -0.01%
RUTW US 01/31/25 P2015 RUTW Jan 2025 2015 Put 5 0.00%
RUTW US 01/31/25 P2140 RUTW Jan 2025 2140 Put -5 -0.02%
SPXW US 01/22/25 P5450 SPXW Jan 2025 5450 Put 1 0.00%
SPXW US 01/22/25 P5700 SPXW Jan 2025 5700 Put 8 0.00%
SPXW US 01/22/25 P5740 SPXW Jan 2025 5740 Put -1 0.00%
SPXW US 01/24/25 C6090 SPXW Jan 2025 6090 Call 43 0.26%
SPXW US 01/24/25 P5700 SPXW Jan 2025 5700 Put 11 0.01%
SPXW US 01/29/25 P5475 SPXW Jan 2025 5475 Put 2 0.00%
SPXW US 01/29/25 P5720 SPXW Jan 2025 5720 Put -2 -0.01%
SPXW US 01/31/25 C6000 SPXW Jan 2025 6000 Call 2 0.11%
SPXW US 01/31/25 P5430 SPXW Jan 2025 5430 Put 2 0.00%
SPXW US 01/31/25 P5710 SPXW Jan 2025 5710 Put -2 -0.01%
SPXW US 02/05/25 P5400 SPXW Feb 2025 5400 Put 1 0.00%
SPXW US 02/05/25 P5725 SPXW Feb 2025 5725 Put -1 -0.01%
SPXW US 02/07/25 C5880 SPXW Feb 2025 5880 Call 2 0.27%
SPXW US 02/14/25 C6070 SPXW Feb 2025 6070 Call 2 0.09%
- TREASURY BILL DN 1/25 500,000 4.10%
- TREASURY BILL DN 2/25 1,150,000 9.40%
- CURRENCY CONTRACT - USD -11,032,923,678 10.43%
- CURRENCY CONTRACT - COP 8,601,629,693 0.21%
- FIDELITY INV MMTRSY 1 680 20,372 0.17%
- CURRENCY CONTRACT - CLP 1,723,436,000 0.07%
- CURRENCY CONTRACT - EUR -173,411 0.05%
- SOUTH AFRICAN RAND 113,605 0.05%
- CURRENCY CONTRACT - TWD 63,560,128 0.04%
- MEXICAN PESO 60,526 0.02%
- CURRENCY CONTRACT - CNH 5,420,198 0.01%
- CURRENCY CONTRACT - KRW 747,928,313 0.00%
- HONG KONG DOLLAR 892 0.00%
- CHINESE YUAN -6,412 -0.01%
- CURRENCY CONTRACT - SGD 139,708 -0.01%
- SINGAPORE DOLLAR -4,114 -0.02%
- CURRENCY CONTRACT - BRL 6,443,415 -0.13%
- CURRENCY CONTRACT - INR 301,895,790 -0.23%
- CURRENCY CONTRACT - MXN 50,567,994 -0.46%
- CURRENCY CONTRACT - ZAR 52,835,538 -0.54%
- CURRENCY CONTRACT - SEK 62,624,521 -0.75%
- CURRENCY CONTRACT - JPY 1,342,334,470 -0.80%
- CURRENCY CONTRACT - CAD 6,434,701 -0.88%
- CURRENCY CONTRACT - CHF -520,304 -1.05%
- CURRENCY CONTRACT - AUD 8,644,159 -1.24%
- CURRENCY CONTRACT - NOK 127,983,157 -1.83%
- CURRENCY CONTRACT - GBP -2,927,364 -4.37%
- RECV BABXSIMV 0.00 121225 10,264 56.88%
- Custom Quality Index Total Return Swap - Receivable -3,360,380 0.33%
- Custom Junk Index Total Return Swap - Receivable 2,932,251 -0.22%
- PAYB BABXSIMV 0.00 121225 -6,939,236 -56.91%
- Estimated Cash 174,234 1.43%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.38549
$0.00000
$0.00000
$0.08000
$0.00000
View Distribution History

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