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FIG

Simplify Macro Strategy ETF

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as of 02/20/2025

NAV

$ 22.03

NAV Change

- $ 0.13 /0.59%

Price

$ 21.88

Price Change

- $ 0.21 /0.95%
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 02/20/2025

Ticker Symbol
FIG
Gross Expense Ratio
1.03%
Net Expense Ratio
0.78%
CUSIP
82889N715
Total Assets
$12,668,393.32
Shares Outstanding
575,001
Distribution Rate as of 01/31/2025 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.
-
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 01/31/2025 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.
1.99%
30-Day SEC Yield (Unsubsidized) as of 01/31/2025
1.74%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 02/20/2025
-0.69%
NAV Per Share as of 02/20/2025
$22.03
Market Price as of 02/20/2025
$21.88
30-Day Median Bid-Ask Spread
1.02%
Bid/Ask
$21.81/$21.96
Midpoint Price
$21.89
Volume
324
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 01/31/2025 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 3.48% 5.69% 5.31% 3.48% -2.98% -3.82%
Market Price 5.33% 6.37% 5.96% 5.33% -2.18% -3.04%
Annualized 1 Year 3 Year Since Inception
NAV -2.98% — -1.43%
Market Price -2.18% — -1.13%
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 02/20/2025

Holdings - All ETFs
Ticker Name Quantity Weight
CTA SIMPLIFY MANAGED FUTURES 70,000 16.47%
FOXY SIMPLIFY CURRENCY STRTGY 98,000 19.43%
HARD SIMPLIFY COMMODITIES STR 70,000 17.22%
NXTI SIMPLIFY NEXT INTG C IDX 26,999 6.45%
NXTV SIMPLIFY NEXT INT VA IDX 26,999 5.74%
SPQ SIMPLIFY US EQTY P QIS ET 33,592 7.48%
WUSA SIMPLIFY WO US EQ 150/50 59,800 12.30%
GLD US 02/21/25 P246 GLD Feb 2025 246 Put 84 0.00%
GLD US 02/21/25 P254 GLD Feb 2025 254 Put -84 0.00%
GLD US 02/26/25 P245 GLD Feb 2025 245 Put 53 0.00%
GLD US 02/26/25 P257 GLD Feb 2025 257 Put -53 0.00%
GLD US 03/05/25 P250 GLD Mar 2025 250 Put 65 0.00%
GLD US 03/05/25 P260 GLD Mar 2025 260 Put -65 -0.01%
MSTR US 02/21/25 P240 MSTR Feb 2025 240 Put 12 0.00%
MSTR US 02/21/25 P290 MSTR Feb 2025 290 Put -12 0.00%
MSTR US 02/28/25 P220 MSTR Feb 2025 220 Put 11 0.00%
MSTR US 02/28/25 P240 MSTR Feb 2025 240 Put 12 0.00%
MSTR US 02/28/25 P275 MSTR Feb 2025 275 Put -11 -0.01%
MSTR US 02/28/25 P290 MSTR Feb 2025 290 Put -12 -0.01%
MSTR US 03/07/25 P225 MSTR Mar 2025 225 Put 14 0.01%
MSTR US 03/07/25 P270 MSTR Mar 2025 270 Put -14 -0.02%
RUTW US 02/28/25 P2050 RUTW Feb 2025 2050 Put 5 0.00%
RUTW US 02/28/25 P2170 RUTW Feb 2025 2170 Put -5 -0.01%
RUTW US 03/05/25 P2075 RUTW Mar 2025 2075 Put 5 0.01%
RUTW US 03/05/25 P2185 RUTW Mar 2025 2185 Put -5 -0.02%
SPXW US 02/21/25 C6150 SPXW Feb 2025 6150 Call 2 0.00%
SPXW US 02/21/25 P5825 SPXW Feb 2025 5825 Put 20 0.00%
SPXW US 02/26/25 P5835 SPXW Feb 2025 5835 Put 19 0.02%
SPXW US 02/28/25 C6100 SPXW Feb 2025 6100 Call 1 0.04%
SPXW US 02/28/25 C6265 SPXW Feb 2025 6265 Call 9 0.01%
SPXW US 02/28/25 P5450 SPXW Feb 2025 5450 Put 1 0.00%
SPXW US 02/28/25 P5785 SPXW Feb 2025 5785 Put -1 0.00%
SPXW US 03/05/25 P5525 SPXW Mar 2025 5525 Put 1 0.00%
SPXW US 03/05/25 P5860 SPXW Mar 2025 5860 Put -1 0.00%
SPXW US 03/07/25 C6120 SPXW Mar 2025 6120 Call 1 0.05%
SPXW US 03/07/25 C6150 SPXW Mar 2025 6150 Call 1 0.03%
SPXW US 03/07/25 P5550 SPXW Mar 2025 5550 Put 1 0.00%
SPXW US 03/07/25 P5900 SPXW Mar 2025 5900 Put -1 -0.01%
- TREASURY BILL DN 4/25 150,000 1.18%
- TREASURY BILL DN 6/25 960,000 7.48%
- CURRENCY CONTRACT - AUD 10,762,740 3.11%
- CURRENCY CONTRACT - SEK 87,291,919 2.59%
- CURRENCY CONTRACT - NOK 181,769,636 2.09%
- CURRENCY CONTRACT - JPY 1,343,357,828 1.96%
- CURRENCY CONTRACT - CAD 7,492,262 1.82%
- CURRENCY CONTRACT - CLP 3,561,451,631 1.61%
- CURRENCY CONTRACT - COP 9,674,159,693 1.35%
- CURRENCY CONTRACT - EUR -265,436 1.29%
- FIDELITY INV MMTRSY 1 680 103,595 0.82%
- CURRENCY CONTRACT - BRL 6,443,415 0.59%
- CURRENCY CONTRACT - SGD 703,742 0.27%
- CURRENCY CONTRACT - CNH 13,747,906 0.19%
- CURRENCY CONTRACT - GBP -2,927,364 0.18%
- CURRENCY CONTRACT - MXN 55,665,644 0.15%
- CURRENCY CONTRACT - ZAR 76,327,164 0.14%
- CURRENCY CONTRACT - TWD 80,458,707 0.07%
- SOUTH AFRICAN RAND 113,605 0.05%
- MEXICAN PESO 60,526 0.02%
- HONG KONG DOLLAR 892 0.00%
- CHINESE YUAN -6,438 -0.01%
- SINGAPORE DOLLAR -4,142 -0.02%
- CURRENCY CONTRACT - IDR 30,118,140,042 -0.03%
- CURRENCY CONTRACT - KRW 3,019,400,554 -0.03%
- CURRENCY CONTRACT - INR 301,895,790 -0.16%
- CURRENCY CONTRACT - CHF -944,086 -0.29%
- CURRENCY CONTRACT - USD -48,551,165,326 -18.37%
- RECV BABXSIMV 0.00 121225 10,264 55.86%
- Custom Junk Index Total Return Swap - Receivable 2,928,774 0.26%
- Custom Quality Index Total Return Swap - Receivable -3,432,709 0.06%
- PAYB BABXSIMV 0.00 121225 -7,065,396 -55.77%
- Estimated Cash 810,746 6.40%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.00000
$0.38549
$0.00000
$0.00000
View Distribution History

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