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EQLS

Simplify Market Neutral Equity Long/Short ETF

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as of 09/27/2024

NAV

$ 21.74

NAV Change

- $ 0.51 /2.29%

Price

$ 21.80

Price Change

- $ 0.45 /2.02%
The Simplify Market Neutral Equity Long/Short ETF (EQLS) seeks to provide positive absolute returns and income.

A market-neutral strategy is one that seeks to profit during both rising and falling equity markets. By potentially profiting in either market environment, EQLS can provide significant diversification benefits while maintaining an independent source of returns.

The portfolio’s equity ranking system is driven by a proprietary multi-factor, machine-learning stock selection model developed by an industry-leading quantitative research firm.
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Documents

Fund Overview

As of 09/27/2024

Ticker Symbol
EQLS
Gross Expense Ratio
1.00%
CUSIP
82889N541
Total Assets
$144,576,674.91
Shares Outstanding
6,650,001
Distribution Rate as of 06/30/2024 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.
1.70%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 08/31/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 08/31/2024
4.33%
Options Available
No
Inception Date
06/12/2023
Premium/Discount (%) as of 09/27/2024
0.27%
NAV Per Share as of 09/27/2024
$21.74
Market Price as of 09/27/2024
$21.80
30-Day Median Bid-Ask Spread
0.23%
Bid/Ask
$21.77/$21.81
Midpoint Price
$21.79
Volume
719
NAV Symbol
EQLS.NV
IOPV Symbol
EQLS.IV
Shares Out. Symbol
EQLS.SO
Schedule K-1
No

Management Fees

This table describes the fees and expenses that you may pay if you buy 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. These costs are not included in the expense example below. 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 1.00%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.00%
Total Annual Fund Operating Expenses 1.00%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 07/31/2024 06/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -3.22% -0.69% -2.89% 3.43% 5.93% -0.53%
Market Price -3.09% 0.65% -2.93% 3.18% 5.56% -0.55%
Annualized 1 Year 3 Year Since Inception
NAV 5.93% — -0.47%
Market Price 5.56% — -0.49%
Cumulative 1 Year Since Inception
NAV 5.19% 2.78%
Market Price 4.42% 2.62%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 5.19% — — 2.65%
Market Price 4.42% — — 2.51%
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.  Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

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
126
23
Days Traded at Discount
12
41
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 Exposure Breakdown

As of 07/31/2024

EQLS Region Exposure 7/2024
EQLS Top 10 Country Exposure 7/2024
EQLS Sector Exposure 7/2024
EQLS Market Cap Exposure 7/2024
EQLS Style Factor Exposures 7/2024

Portfolio Holdings

As of 09/27/2024

Holdings - All ETFs
Ticker Name Quantity Weight
TRS BNPWGLL1 Simplify Custom Global Long Equity Index 1,245,617 103.79%
TRS BNPWGLS1 Simplify Custom Global Short Equity Index -1,278,748 -104.96%
TRS GSSIGLL1 Simplify Custom Global Long Equity Index 1,207,859 104.04%
TRS GSSIGLS1 Simplify Custom Global Short Equity Index -1,260,788 -105.17%
T Bills UNITED STS TREAS BILLS 0.0 29OCT24 65,500,000 45.24%
T Bills UNITED STS TREAS BILLS 0.0 14JAN25 84,300,000 57.68%
- Estimated Cash -893,139 -0.62%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.10000
$0.00000
$1.89105
View Distribution History

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