Key stats
About Simplify Exchange Traded Funds Simplify Commodities Strategy No K-1 ETF
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Inception date
Mar 27, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government70.37%
Mutual fund29.05%
Cash0.58%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HARD last dividends amounted to 0.12 USD. The quarter before, the issuer paid 0.26 USD in dividends, which shows a 115.62% decrease.
HARD assets under management is 32.45 M USD. It's fallen 1.56% over the last month.
HARD fund flows account for 22.42 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HARD pays dividends to its holders with the dividend yield of 2.83%. The last dividend (Mar 31, 2025) amounted to 0.12 USD. The dividends are paid quarterly.
HARD shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on Mar 27, 2023, and its management style is Active.
HARD expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
HARD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HARD invests in bonds.
HARD price has risen by 3.86% over the last month, and its yearly performance shows a 17.37% increase. See more dynamics on HARD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.53% over the last month, showed a −0.80% decrease in three-month performance and has increased by 22.06% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.53% over the last month, showed a −0.80% decrease in three-month performance and has increased by 22.06% in a year.
HARD trades at a premium (0.33%) meaning the ETF is trading at a higher price than the calculated NAV.