Simplify Aggregate Bond PLUS Credit Hedge ETF
Price through Oct 1 · Flows through Sep 30. Figures use the latest available records, not a live quote. Fund details retrieved Oct 1. Holdings snapshot retrieved Oct 1.
The adviser seeks to achieve the fund’s investment objective by investing in investment grade bonds primarily by purchasing exchange traded funds and applying a credit hedge overlay to the fund’s investments. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. investment grade bonds primarily by purchasing exchange traded funds (“ETFs”). The fund may invest up to 20% of the fund’s portfolio in derivatives.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET −$89M OVER THIS RANGE
Money is leaving — −$90M in net outflows over the past month, about 18.7% of the fund's asset base, while the price has returned -8.8% so far this year. At 0.33% a year it is not the cheapest way in — GSIG has a reported fee of 0.14%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | AGGISHARES CORE US AGGREGATE BOND ETF | 95.63% | $94.42 | -0.1% | ||
| 2 | —FUTURES USD MARGIN BALANCE | 4.47% | — | — | — | |
| 3 | —IRS R SOFR 12/15/2027 12/15/2037 | 7.76% | — | — | — | |
| 4 | —IRS 4.27554/SOFR 090426 090431 | 1.86% | — | — | — |
| 1 week | -1.2% |
| 1 month | -4.0% |
| 3 months | -6.1% |
| 6 months | -7.1% |
| YTD | -8.8% |
| 1 year | -8.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | −$47M |
| 1 month | −$90M |
| 3 months | −$89M |
| YTD | −$89M |
| 1 year | −$89M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 95.6% of the book; the top ten carry 110%. Spread across 4+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat AGGH on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16.3B | +$489M | -30bp on fee · 34× the assets · +$489M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $122.8B | +$2.3B | -28bp on fee · 256× the assets · +$2.3B in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$575M | -29bp on fee · 49× the assets · +$575M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -29bp on fee · 39× the assets · +$412M in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $46B | +$2B | -28bp on fee · 96× the assets · +$2B in over the month | Head-to-head |