TUA
as of 04/26/2024
NAV
$ 20.96
NAV Change
+ $ 0.00 /0.00%
Price
$ 20.95
Price Change
- $ 0.02 /0.10%
The Simplify Short Term Treasury Futures Strategy ETF (TUA) seeks to provide total return, before fees and expenses, that matches or outperforms the performance of the ICE US Treasury 7-10 Year Bond Index on a calendar quarter basis. The Fund does not seek to achieve its stated investment objective over a period of time different than a full calendar quarter.
The fund looks to target the duration of the ICE 7-10 Year US Treasury Index by investing in Treasury futures at the short end of the curve. The fund is designed to provide significant duration from only a modest capital allocation while simultaneously attempting to harvest yield curve efficiencies from the short end of the curve using 2-Year US Treasury futures contracts.
The fund can be used as a replacement for less efficient intermediate duration holdings, as a means of increasing capital efficiency of shorter duration portfolio allocations, or as a building block within innovative portfolio solutions such as risk parity.
Documents
- Fact Sheet 1Q24
- Prospectus
- Semi-Annual Report
- Annual Report
- Summary Prospectus
- SAI
Fund Overview
As of 04/26/2024
Ticker Symbol
TUA
Gross Expense Ratio
0.26%
Net Expense Ratio
0.16%
CUSIP
82889N657
Total Assets
$473,661,906.26
Shares Outstanding
22,600,001
Distribution Yield as of 03/31/2024 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.
1.10%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 03/31/2024 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.
5.17%
Unsubsidized 30-Day SEC Yield as of 03/31/2024
5.06%
Options Available
Yes
Inception Date
11/14/2022
Premium/Discount (%) as of 04/26/2024
-0.04%
NAV Per Share as of 04/26/2024
$20.96
Market Price as of 04/26/2024
$20.95
30-Day Median Bid-Ask Spread
0.05%
Bid/Ask
$20.95/$20.96
Midpoint Price
$20.96
Volume
248,160
NAV Symbol
TUA.NV
IOPV Symbol
TUA.IV
Shares Out. Symbol
TUA.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 | 0.25% |
| Distribution and Service (12b-1) Fees | 0.00% |
| OtherExpenses1 | 0.01% |
| Total Annual Fund Operating Expenses | 0.26% |
| Fee Waiver2 | (0.10)% |
| Total Annual Fund Operating Expenses After Fee Waiver | 0.16% |
1. Amount of interest expense included in percentage.
2. The Fund’s adviser has contractually agreed, through at least October 31, 2024, to waive its management fees to 0.15% of the Fund’s average daily net assets. This agreement may be terminated only by the Board of Trustees on 60 days’ written notice to the adviser.
Fund Performance
As of 03/31/2024 12/31/2023
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | Since Inception |
|---|---|---|---|---|---|---|
| NAV | -0.23% | -4.51% | 2.55% | -4.51% | -9.56% | -7.15% |
| Market Price | -0.46% | -4.59% | 2.58% | -4.59% | -9.78% | -7.30% |
| Annualized | 1 Year | 3 Year | Since Inception |
|---|---|---|---|
| NAV | -9.56% | — | -5.25% |
| Market Price | -9.78% | — | -5.37% |
| Cumulative | 1 Year | Since Inception |
|---|---|---|
| NAV | -9.56% | -7.15% |
| Market Price | -9.78% | -7.30% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | -9.56% | — | — | -5.25% |
| Market Price | -9.78% | — | — | -5.37% |
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 | 171 | 33 |
| Days Traded at Discount | 79 | 28 |
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 04/26/2024
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| TUM4 COM | US 2YR NOTE (CBT) JUN24 | 12461 | 533.64% |
| T Bills | B 05/28/24 | 134500000 | 28.28% |
| T Bills | B 06/20/24 | 251792000 | 52.75% |
| T Bills | B 07/05/24 | 91000000 | 19.02% |
| - | Estimated Cash | 20308642 | 4.29% |
Holdings are subject to change without notice.
Portfolio Holdings
Holdings are subject to change without notice.
As of 04/26/2024
Distribution History
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Short Term Capital Gains | Long Term Capital Gains | Return of Capital | Total Distribution |
|---|---|---|---|---|---|---|
| $0.00000 | $0.00000 | $0.00000 | $0.10000 | |||
| $0.00000 | $0.00000 | $0.00000 | $0.02000 | |||
| $0.00000 | $0.00000 | $0.00000 | $0.10000 | |||
| $0.00000 | $0.00000 | $0.00000 | $0.10000 | |||
| $0.00000 | $0.00000 | $0.00000 | $0.11823 |
DISTRIBUTION CALENDAR
