Key stats
About Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF
Expense ratio
0.75%
Home page
Inception date
Mar 27, 2023
HARD invests in commodity futures contracts expected to perform strongly during inflationary periods while still performing in typical market environments. The portfolio comprises futures contracts on hard commodities and commodity indices (crude, heating oil, natural gas, copper, gold, silver, corn, wheat, soybean, soybean oil, etc.). Using valuation and momentum signals, the adviser deploys forecasting models monthly to determine price trends and long/short positions. The fund takes a long position when experiencing a positive price trend but takes short positions during a negative trend. The fund expects to maintain a net long bias. To avoid scheduled K-1 payments, the fund does not directly invest in commodity futures contracts. Instead, it gains exposure by investing up to 25% of its assets in a wholly-owned Cayman Islands subsidiary. Thus, shareholders receive a Form 1099. The fund holds short-term US Treasury securities for direct investment or as collateral.
Classification
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government56.30%
Mutual fund41.98%
Cash1.72%