View All ETFs

FIG

Simplify Macro Strategy ETF

Spotlight Banner
as of 06/21/2024

NAV

$ 21.53

NAV Change

- $ 0.09 /0.42%

Price

$ 21.40

Price Change

- $ 0.04 /0.19%
The Simplify Macro Strategy ETF (FIG) is a modern take on the balanced portfolio, built to help navigate today’s toughest asset allocation challenges.

With strong potential headwinds to bonds, stretched equity valuations, continued inflationary pressures, and an increasingly fragile market structure, the classic balanced portfolio may have challenging years ahead.

FIG addresses these concerns by creating a robust portfolio comprised of equities with positive convexity, diversifying and hedging managed futures and commodities, and a suite of modern fixed income solutions.

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

Documents

FIG Fund Deep Dive Live - Discussion with FIG Portfolio Manager Mike Green, CFA

Fund Overview

As of 06/21/2024

Ticker Symbol
FIG
Gross Expense Ratio
1.25%
Net Expense Ratio
1.00%
CUSIP
82889N715
Total Assets
$18,300,030.21
Shares Outstanding
850,001
Distribution Yield as of 05/31/2024 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
-
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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.
5.91%
30-Day SEC Yield (Unsubsidized) as of 05/31/2024
5.66%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 06/21/2024
-0.60%
NAV Per Share as of 06/21/2024
$21.53
Market Price as of 06/21/2024
$21.40
30-Day Median Bid-Ask Spread
0.89%
Bid/Ask
$21.21/$21.63
Midpoint Price
$21.42
Volume
7,516
NAV Symbol
FIG.NV
IOPV Symbol
FIG.IV
Shares Out. Symbol
FIG.SO
Schedule K-1
No

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 0.02%
Acquired Fund Fees and Expenses2 0.48%
Total Annual Fund Operating Expenses 1.25%
Fee Waiver3 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver 1.00%
1. Amount of interest expense included in percentage.

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, 2024, to waive its management fees to 0.50% of the Fund’s average daily net assets.

Fund Performance

As of 05/31/2024 12/31/2023

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -3.05% -4.69% -3.31% -5.66% -5.72% -6.49%
Market Price -3.81% -4.93% -3.75% -6.13% -5.99% -6.83%
Annualized 1 Year 3 Year Since Inception
NAV -5.72% — -3.23%
Market Price -5.99% — -3.41%
Cumulative 1 Year Since Inception
NAV 1.48% -0.85%
Market Price 1.04% -0.92%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 1.48% — — -0.45%
Market Price 1.04% — — -0.50%
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 1st Quarter of 2024
Days Traded at Premium
147
13
Days Traded at Discount
103
48
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 06/21/2024

Holdings - All ETFs
Ticker Name Quantity Weight
CDX SIMPLIFY HIGH YIELD PL CR 96041 12.21%
CTA SIMPLIFY MANAGED FUTURES 79883 11.62%
EQLS SIMPLIFY MKT NTRL EQ L/S 121722 15.68%
IAU ISHARES GOLD TRUST 25892 6.21%
NXTI SIMPLIFY NEXT INTG C IDX 36956 5.26%
NXTV SIMPLIFY NEXT INT VA IDX 36956 5.23%
SPQ SIMPLIFY US EQTY P QIS ET 45978 7.59%
TUA SIM ST TREAS FUT STRAT ET 134317 15.79%
TYA SIMPLIFY INTERMEDIATE TER 26945 1.95%
SFRZ4 COM 3 MONTH SOFR FUT Dec24 400 1.09%
CVNA US 08/16/24 C100 CVNA Aug 2024 100 Call -300 -3.57%
CVNA US 08/16/24 C140 CVNA Aug 2024 140 Call 100 0.34%
CVNA US 08/16/24 P50 CVNA Aug 2024 50 Put -1250 -0.21%
CVNA US 08/16/24 P65 CVNA Aug 2024 65 Put 1250 0.62%
CVNA US 08/16/24 P70 CVNA Aug 2024 70 Put 500 0.35%
SFRZ4C 95.5000 Comdty SFRZ4C 95.5000 Comdty -400 -0.57%
SPXW US 06/28/24 P4940 SPXW Jun 2024 4940 Put 13 0.00%
SPXW US 06/28/24 P5270 SPXW Jun 2024 5270 Put -13 -0.01%
SPXW US 07/05/24 P4920 SPXW Jul 2024 4920 Put 13 0.01%
SPXW US 07/05/24 P5250 SPXW Jul 2024 5250 Put -13 -0.02%
SPXW US 07/12/24 C5540 SPXW Jul 2024 5540 Call 2 0.03%
SPXW US 07/19/24 C5530 SPXW Jul 2024 5530 Call 2 0.05%
SPXW US 08/30/24 P4250 SPXW Aug 2024 4250 Put -200 -0.50%
SPXW US 08/30/24 P4500 SPXW Aug 2024 4500 Put 84 0.31%
SPXW US 08/30/24 P4750 SPXW Aug 2024 4750 Put 50 0.28%
- CURRENCY CONTRACT - ZAR 25570671 0.23%
- CURRENCY CONTRACT - MXN 15303393 0.22%
- CURRENCY CONTRACT - AUD 1071168 0.08%
- CURRENCY CONTRACT - USD -31599121063 0.05%
- CURRENCY CONTRACT - NOK 20285159 0.04%
- CURRENCY CONTRACT - IDR 28259460000 0.03%
- CURRENCY CONTRACT - TWD 6779080 0.01%
- SINGAPORE DOLLAR — 0.00%
- CHINESE YUAN — 0.00%
- MEXICAN PESO — 0.00%
- SOUTH AFRICAN RAND -0 0.00%
- CURRENCY CONTRACT - CAD 903276 -0.01%
- CURRENCY CONTRACT - GBP -451731 -0.02%
- CURRENCY CONTRACT - NZD 1341776 -0.02%
- CURRENCY CONTRACT - BRL 8849644 -0.04%
- CURRENCY CONTRACT - JPY 163056581 -0.06%
- CURRENCY CONTRACT - HUF 999179649 -0.07%
- TSY INFL IX N/ 0.125 2/52 5100000 18.31%
- Estimated Cash 277859 1.52%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
$0.08000 $0.00000 $0.00000 $0.00000 $0.08000
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
View Distribution History

Register for Simplify's Investor Hub

  • In-depth case studies provide valuable insights into practical portfolio problems and their solutions
  • Simplify curated model portfolios that show investors how to incorporate alternatives into their portfolio
  • Stay up-to-date with our latest thoughts on markets via our weekly market commentaries
Create Your Account
Register Info
Contact Us