FIG — Simplify Macro Strategy ETF

FIG Fund Overview

FIG — Simplify Macro Strategy ETF is a US ETF managed by Simplify Exchange Traded Funds, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Simplify Exchange Traded Funds
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $11.63M
• 1-year return: -4.5%
• Ticker: FIG
• SEC CIK: 0001810747
• SEC series ID: S000075091
• Share class ID: C000233896

FIG Investment Objective and Strategy

Simplify Macro Strategy ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Simplify Exchange Traded Funds.

Investment objective

Investment Objective: Simplify Macro Strategy ETF (the Fund or FIG) seeks to provide absolute returns.

Principal investment strategy

Principal Investment Strategies: The Fund is an actively managed exchange-traded fund (ETF) that seeks to create a long bias cross-asset portfolio by investing in equity, fixed income, and alternative ETFs and derivatives. A long bias cross-asset portfolio is a risk-balanced portfolio of asset classes structured to provide equity-like returns with less risk and more consistent returns. Macro in the Funds name is a reference to the Advisers investment and trading strategy that is based on its economic interpretation of large economic events on the national, regional, and global scale. Equity, Fixed Income, and Alternative Strategy The Fund will primarily invest in equity, fixed income, and alternative ETFs that are managed by the Adviser. The Fund classifies fixed income ETFs as ETFs that invest in debt securities of any credit quality or maturity.

Fixed income ETFs may invest in securities with credit quality below investment grade (commonly referred to as junk bonds). The Fund defines junk bonds as those rated below Baa3 by Moodys Investors Service or below BBB- by Standard and Poors Rating Group, or, if unrated, determined by the Adviser to be of similar credit quality. Equity ETFs are ETFs that invest in the equity securities of U.S. companies. The Fund defines Alternatives ETFs as ETFs that invest in a variety of assets including commodity, and foreign exchange futures contracts, VIX short term futures (futures on CBOE Volatility Index), high yield related fixed income and high-income generating ETFs. Derivatives Overlay The Fund may invest up to 20% of the Funds portfolio in derivatives. Such derivatives include equity, treasury, commodity, and currency futures (derivative contracts that obligate the buyer or seller to transact at a set price and predetermined time) and exchange-traded and over-the-counter (OTC) put and call options on equities, treasuries, commodities, and currencies or futures.

When the Fund purchases a call option, the Fund has the right, but not the obligation, to buy an asset at a specified price (strike price) within a specific time period. When the Fund purchases a put option, the Fund has the right, but not the obligation, to sell an asset at a specified price (strike price) within a specific time period. The Fund may invest in total return swaps such as swaps on high yield debt instruments or high yield indexes or equity indexes as reference assets. The option overlay is a strategic, persistent exposure meant to partially hedge against market declines. if the market goes up, the Funds returns may outperform the market because the Adviser will sell or exercise the call options. If the market goes down, the Funds returns may fall less than the market because the Adviser will sell or exercise the put options.

The Adviser selects derivatives based upon its evaluation of relative value based on cost, strike price (price that the option can be bought or sold by the option holder) and maturity (the last date the option contract is valid) and will exercise or close the options typically based on maturity. The Adviser anticipates purchasing and selling its derivatives on a monthly, quarterly, and annual basis, depending upon the Funds rebalancing requirements and expiration dates. However, the Adviser may rebalance the Funds derivative portfolio on a more frequent basis for a number of reasons such as when market volatility renders the protection provided by the derivative strategy ineffective or a derivative position has appreciated to the point that it is prudent to decrease the Funds exposure and realize gains for the Funds shareholders.

While the use of derivatives is intended to improve the Funds performance, there is no guarantee that it will do so. The Fund may engage in short sales, which is a sale by the Fund of a security that has been borrowed from a third-party on the expectation that the market price will drop. If the market price drops, the Fund will make a profit by purchasing the security on the open market at a price lower than the price at which it sold the security. If the price of the security rises, the Fund may have to cover the short position at a higher price than the short sale price, resulting in a loss, which could be unlimited. The Fund executes a portion of its alternative strategy and derivatives overlay strategy indirectly by investing in a wholly-owned subsidiary. The Fund gains exposure to certain investments related to these strategies by investing up to 25% of its assets in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the Subsidiary).

The Subsidiary is advised by Simplify Asset Management Inc., the Funds investment Adviser. Unlike the Fund, the Subsidiary is not an investment company registered under the Investment Company Act of 1940, as amended (the 1940 Act). The Funds investment in the Subsidiary is intended to provide the Fund with exposure to Alternative ETFs and commodity-linked derivatives in accordance with applicable tax rules and regulations.

FIG Holdings

Top 10 holdings of Simplify Macro Strategy ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all FIG holdings

FIG Portfolio Allocation

Asset-class allocation of Simplify Macro Strategy ETF by percentage of net assets, from the latest SEC N-PORT filing.

FIG Performance

Total returns for FIG (as of 2026-10-01), from SEC filings.

FIG Risk Information

Risk metrics for FIG, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 13.3%

FIG Costs and Fees

FIG costs about $78 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.78%
• Gross expense ratio: 1.03%
• Portfolio turnover: 68%
• Brokerage commissions: 7.74 bps of average net assets (SEC N-CEN)

FIG Cashflows

Over the 12 months to 2025-03, Simplify Macro Strategy ETF had net outflows of $13.48M, from monthly SEC N-PORT filings.

FIG Debt Constituents

Largest debt holdings of Simplify Macro Strategy ETF by percentage of net assets, from the latest SEC N-PORT filing.

FIG Prospectus and SEC Filings

Official Simplify Macro Strategy ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-10-28
• Prospectus (485BPOS) — filed 2023-10-27
• Prospectus (485BPOS) — filed 2022-10-27
• Portfolio holdings (N-PORT) — filed 2025-05-23
• Portfolio holdings (N-PORT) — filed 2025-02-27
• Portfolio holdings (N-PORT) — filed 2024-11-26
• Annual census (N-CEN) — filed 2024-09-13
• Annual census (N-CEN) — filed 2023-09-13

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.