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FIG

Simplify Macro Strategy ETF

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as of 12/20/2024

NAV

$ 21.64

NAV Change

+ $ 0.29 /1.36%

Price

$ 21.48

Price Change

+ $ 0.13 /0.61%
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 12/20/2024

Ticker Symbol
FIG
Gross Expense Ratio
1.03%
Net Expense Ratio
0.78%
CUSIP
82889N715
Total Assets
$12,218,514.13
Shares Outstanding
575,001
Distribution Rate as of 11/30/2024 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
Monthly
30-Day SEC Yield (Subsidized) as of 11/30/2024 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.
2.68%
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
2.43%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 12/20/2024
-0.72%
NAV Per Share as of 12/20/2024
$21.64
Market Price as of 12/20/2024
$21.48
30-Day Median Bid-Ask Spread
0.93%
Bid/Ask
$21.36/$21.58
Midpoint Price
$21.47
Volume
244
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 11/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 8.69% 6.81% 5.78% -0.22% 2.27% -1.09%
Market Price 8.50% 6.70% 6.16% -0.35% 2.18% -1.10%
Annualized 1 Year 3 Year Since Inception
NAV 2.27% — -0.43%
Market Price 2.18% — -0.43%
Cumulative 1 Year Since Inception
NAV -1.30% -6.03%
Market Price -2.03% -6.22%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -1.30% — — -2.59%
Market Price -2.03% — — -2.67%
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
147
10
Days Traded at Discount
103
54
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 12/20/2024

Holdings - All ETFs
Ticker Name Quantity Weight
CTA SIMPLIFY MANAGED FUTURES 144,178 33.91%
NXTI SIMPLIFY NEXT INTG C IDX 26,999 6.51%
NXTV SIMPLIFY NEXT INT VA IDX 26,999 6.02%
QIS SIMPLIFY MULTI-QIS ALT ET 106,083 21.19%
SPQ SIMPLIFY US EQTY P QIS ET 33,592 8.74%
WUSA SIMPLIFY WO US EQ 150/50 59,800 12.87%
NDX US 12/20/24 P19740 NASDAQ 100 Dec 2024 19740 Put 1 —
NDX US 12/20/24 P20760 NASDAQ 100 Dec 2024 20760 Put -1 —
NDXP US 12/24/24 P19950 NDXP Dec 2024 19950 Put 1 0.00%
NDXP US 12/24/24 P20950 NDXP Dec 2024 20950 Put -1 -0.03%
NDXP US 12/27/24 P19750 NDXP Dec 2024 19750 Put 1 0.01%
NDXP US 12/27/24 P20850 NDXP Dec 2024 20850 Put -1 -0.05%
RUTW US 01/03/25 P1980 RUTW Jan 2025 1980 Put 8 —
RUTW US 01/03/25 P2130 RUTW Jan 2025 2130 Put -8 —
RUTW US 12/20/24 C2420 RUTW Dec 2024 2420 Call 14 —
RUTW US 12/20/24 P2150 RUTW Dec 2024 2150 Put 10 0.00%
RUTW US 12/20/24 P2280 RUTW Dec 2024 2280 Put -10 -0.30%
RUTW US 12/24/24 P2175 RUTW Dec 2024 2175 Put 11 0.02%
RUTW US 12/24/24 P2290 RUTW Dec 2024 2290 Put -11 -0.41%
RUTW US 12/27/24 C2420 RUTW Dec 2024 2420 Call 14 0.01%
RUTW US 12/27/24 P2125 RUTW Dec 2024 2125 Put 12 0.04%
RUTW US 12/27/24 P2235 RUTW Dec 2024 2235 Put -12 -0.20%
RUTW US 12/31/24 P1930 RUTW Dec 2024 1930 Put 7 0.01%
RUTW US 12/31/24 P2105 RUTW Dec 2024 2105 Put -7 -0.02%
SPXW US 01/03/25 C6150 SPXW Jan 2025 6150 Call 4 0.01%
SPXW US 01/03/25 P5250 SPXW Jan 2025 5250 Put 6 —
SPXW US 01/03/25 P5630 SPXW Jan 2025 5630 Put -6 —
SPXW US 01/10/25 C6150 SPXW Jan 2025 6150 Call 5 0.03%
SPXW US 01/17/25 C6145 SPXW Jan 2025 6145 Call 5 0.07%
SPXW US 12/20/24 C6175 SPXW Dec 2024 6175 Call 18 0.00%
SPXW US 12/20/24 P5750 SPXW Dec 2024 5750 Put 8 0.00%
SPXW US 12/23/24 P5775 SPXW Dec 2024 5775 Put 6 0.00%
SPXW US 12/24/24 P5660 SPXW Dec 2024 5660 Put 2 0.00%
SPXW US 12/27/24 C6030 SPXW Dec 2024 6030 Call 19 —
SPXW US 12/27/24 P5560 SPXW Dec 2024 5560 Put 4 0.00%
SPXW US 12/27/24 P5655 SPXW Dec 2024 5655 Put 8 —
SPXW US 12/27/24 P5870 SPXW Dec 2024 5870 Put -4 -0.07%
SPXW US 12/31/24 P5240 SPXW Dec 2024 5240 Put 3 0.00%
SPXW US 12/31/24 P5655 SPXW Dec 2024 5655 Put -3 -0.02%
- TREASURY BILL DN 1/25 1,450,000 11.85%
- CURRENCY CONTRACT - USD -4,924,387,500 3.59%
- CURRENCY CONTRACT - MXN 42,891,522 0.07%
- SOUTH AFRICAN RAND 113,598 0.05%
- SOUTH KOREAN WON 4,697,891 0.03%
- MEXICAN PESO 60,533 0.02%
- BRAZILIAN REAL 16,273 0.02%
- HONG KONG DOLLAR 892 0.00%
- CHINESE YUAN — 0.00%
- TAIWAN DOLLAR -5,581 0.00%
- CURRENCY CONTRACT - TWD 891,446 0.00%
- COLOMBIAN PESO -1,135,769 0.00%
- CURRENCY CONTRACT - CNH 393,318 0.00%
- CURRENCY CONTRACT - SGD 26,153 -0.01%
- CHINESE RENMINBI -6,389 -0.01%
- CURRENCY CONTRACT - KRW 97,674,813 -0.01%
- CURRENCY CONTRACT - CAD 1,153,244 -0.02%
- CURRENCY CONTRACT - COP 8,272,754,693 -0.02%
- SINGAPORE DOLLAR -4,127 -0.02%
- CURRENCY CONTRACT - CHF -520,304 -0.05%
- CURRENCY CONTRACT - SEK 19,176,298 -0.08%
- CURRENCY CONTRACT - BRL 6,443,415 -0.18%
- CURRENCY CONTRACT - ZAR 27,376,021 -0.32%
- CURRENCY CONTRACT - AUD 3,830,709 -0.81%
- CURRENCY CONTRACT - NOK 58,524,510 -0.82%
- CURRENCY CONTRACT - GBP -1,695,233 -0.85%
- CURRENCY CONTRACT - JPY 679,590,010 -1.04%
- MS JUNK BASKET SHORT 3,003,814 0.93%
- MS QUAL BASKET -3,440,184 -0.76%
- Estimated Cash 12,993 0.11%

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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