At a glance
- In a Nov. 3 release, Simplify said the restatement followed incorrect swap prices in the fund's swap marks.
- A creation or redemption struck at the original Nov. 2 print settled on the incorrect swap marks.
- For allocators, the operative question is whether any Nov. 2 SDMF trade was priced at that original NAV, and where in the swap valuation process the bad prices were caught.
Simplify Asset Management restated the Nov. 2 net asset value per share of the Simplify DBi CTA Managed Futures Index ETF (NYSE Arca: SDMF), effective Nov. 3, 2026. In a Nov. 3 release, Simplify said the restatement followed incorrect swap prices in the fund's swap marks.
A creation or redemption struck at the original Nov. 2 print settled on the incorrect swap marks. For allocators, the operative question is whether any Nov. 2 SDMF trade was priced at that original NAV, and where in the swap valuation process the bad prices were caught.
Reported by the Hedge Funds & Liquid Alts desk from GlobeNewswire — Finance, Simplify Asset Management release. Published . Corrections