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GAEM

Simplify Gamma Emerging Market Bond ETF

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as of 01/17/2025

NAV

$ 25.03

NAV Change

- $ 0.03 /0.12%

Price

$ 25.10

Price Change

+ $ 0.01 /0.04%
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.
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Documents

Fund Overview

As of 01/17/2025

Ticker Symbol
GAEM
Gross Expense Ratio
0.96%
Net Expense Ratio
0.76%
CUSIP
82889N459
Total Assets
$11,265,589.29
Shares Outstanding
450,001
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.
15.14%
Distribution Frequency
Quarterly
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.
7.44%
30-Day SEC Yield (Unsubsidized) as of 12/31/2024
7.23%
Options Available
No
Inception Date
08/12/2024
Premium/Discount (%) as of 01/17/2025
0.26%
NAV Per Share as of 01/17/2025
$25.03
Market Price as of 01/17/2025
$25.10
30-Day Median Bid-Ask Spread
0.24%
Bid/Ask
$25.09/$25.12
Midpoint Price
$25.11
Volume
200
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 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 0.95%
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 are estimated for the Fund’s initial fiscal year.

2. The Fund’s adviser has contractually agreed, through at least October 31, 2025, to waive its management fee to 0.75% of the 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 -0.98% 1.02% — — — 3.95%
Market Price -1.11% 0.96% — — — 3.70%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 3.95%
Market Price — 3.70%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
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
84
54
Days Traded at Discount
14
10
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
- TREASURY BILL 0 1/28/2025 330,000 2.93%
- TREASURY BILL 0 2/11/2025 400,000 3.54%
- FIDELITY TREASURY ONLY 680 17,285 0.15%
- EURO 4 0.00%
- ENERGUATE TRUST 5.875 5/3/2027 200,000 1.74%
- AES ESPANA BV 5.7 5/4/2028 180,000 1.52%
- PROMERICA FINANCIAL CORP 10.75 8/14/2028 200,000 1.87%
- DOM REP CB NOTES 11 9/15/2028 60,000,000 8.91%
- EMPRESA GEN ELEC HAINA 5.625 11/8/2028 250,000 2.06%
- COMMONWEALTH OF BAHAMAS 6 11/21/2028 500,000 4.21%
- INVEST ENERGY RES LTD 6.25 4/26/2029 200,000 1.70%
- EMPRESAS PUBLIC MEDELLIN 4.25 7/18/2029 200,000 1.59%
- TELECOM OF TRIN & TOBAGO 8.875 10/18/2029 200,000 1.82%
- ARIS MINING CORP 8 10/31/2029 200,000 1.78%
- REPUBLIC OF PANAMA 3.16 1/23/2030 300,000 2.26%
- VOLCAN CIA MINERA SAA-CM 8.75 1/24/2030 200,000 1.70%
- CABLE ONDA SA 4.5 1/30/2030 200,000 1.61%
- LATAM AIRLINES GROUP SA 7.875 4/15/2030 150,000 1.33%
- COLOMBIA TELECOMUNICACIO 4.95 7/17/2030 408,000 3.07%
- REPUBLIC OF ECUADOR STEP-CPN 7/31/2030 100,000 0.66%
- CSN RESOURCES SA 8.875 12/5/2030 200,000 1.78%
- LD CELULOSE INTERNATIONA 7.95 1/26/2032 200,000 1.81%
- ECOPETROL SA 7.75 2/1/2032 250,000 2.17%
- FED REPUBLIC OF BRAZIL 6 10/20/2033 200,000 1.69%
- BRASKEM NETHERLANDS 8 10/15/2034 250,000 2.15%
- HONDURAS GOVERNMENT 8.625 11/27/2034 350,000 2.96%
- BANCOLOMBIA SA 8.625 12/24/2034 200,000 1.86%
- COMISION FEDERAL DE ELEC 6.45 1/24/2035 400,000 3.31%
- REPUBLIC OF EL SALVADOR 7.65 6/15/2035 250,000 2.05%
- PETROLEOS MEXICANOS 6.625 6/15/2035 170,000 1.19%
- REPUBLIC OF ARGENTINA STEP-CPN 7/9/2035 500,000 2.96%
- REPUBLIC OF ECUADOR STEP-CPN 7/31/2035 200,000 1.09%
- NATIONAL GAS CO 6.05 1/15/2036 100,000 0.80%
- ECOPETROL SA 8.375 1/19/2036 300,000 2.59%
- REPUBLIC OF PANAMA 6.7 1/26/2036 270,000 2.25%
- KINGSTON AIRPORT REV FIN 6.75 12/15/2036 200,000 1.76%
- UEP PENNONOME II SA 6.5 10/1/2038 207,876 1.64%
- REPUBLIC OF EL SALVADOR 7.625 2/1/2041 250,000 1.97%
- PETROLEOS MEXICANOS 7.69 1/23/2050 500,000 3.33%
- REPUBLIC OF COLOMBIA 8.75 11/14/2053 310,000 2.80%
- REPUBLIC OF COLOMBIA 8.375 11/7/2054 200,000 1.74%
- REPUBLIC OF EL SALVADOR 9.65 11/21/2054 250,000 2.25%
- DOMINICAN REPUBLIC 5.875 1/30/2060 643,000 4.83%
- Estimated Cash 514,744 4.57%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.94765
View Distribution History

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