NMBSimplify National Muni Bond ETF

Get income1y track recordRanked #1,214 of 1,622 in this goal

Seeks to maximize total return.

By Simplify Asset Management · Launched 2024

Annual Cost

0.52%

#2,719 of 5,562 · average

Fund Size

$48M

#3,603 of 5,562 · mid-size

Dividend YieldGoal

5.88%

Track Record

1 year

#3,793 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,768+7.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 53.6% of fundmoderately concentrated

DREYFUS TRSY OBLIG CASH M

12.1%

NEW YORK CITY NY TRANSITIONAL

4.9%

PENNSYLVANIA ST HGR EDUCTNL FA

4.7%

GEORGETOWN TX INDEP SCH DIST

4.6%

LAS VEGAS VLY NV WTR DIST

4.6%

LONG BEACH CA UNIF SCH DIST

4.6%

SALT RIVER AZ PROJ AGRIC IMPT&

4.6%

DALLAS-FORT WORTH TX INTERNATI

4.6%

NEW YORK ST THRUWAY AUTH PERSO

4.5%

NORTH CAROLINA ST TURNPIKE AUT

4.4%

Asset allocation

Bonds

85.9%

Cash

14.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

8.0%Low

Year-on-year price swings

Max drawdown

-13.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

5.0 years

Avg maturity

10.3 years

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to maximize total return.
Strategy: Actively manages a portfolio primarily invested in investment grade U.S. municipal bonds, targeting at least 80% of net assets in these securities. Employs an income generating option strategy, including writing call and put options on equity and fixed income indices. The Fund may also invest in taxable bonds and leverage investments through interest rate hedges. Focuses on municipal securities with a target average duration of ten or more years, balancing potential income with risk profile.
Inception date: September 9, 2024
Fund family: Simplify Asset Management