# Simplify Commodities Strategy No K-1 ETF (HARD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hard for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Simplify · Asset class: Alternatives - Strategy: Thematic · Inception: 2023-03-27 While commodities offer an effective defense against significant inflation, traditional long-only positions often present difficulties for long-term investors due to their tendency for prolonged periods of lagging returns. The Simplify Commodities Strategy No K-1 ETF (HARD) aims for sustained capital growth by methodically allocating to commodity futures. Its strategy is designed to generate substantial returns during inflationary periods and maintain strong performance in more stable market conditions. This is accomplished by utilizing a sophisticated set of systematic long/short (L/S) tra... ## Key Facts | Metric | Value | |---|---| | Price | $35.15 | | Expense Ratio | 0.78% | | Assets Under Management | $59.2M | | NAV | $35.86 | | Holdings Count | 75 | | Distribution Yield (TTM) | 3.41% | | Annual Distribution (TTM) | $1.20 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $28.52 – $37.63 | | Beta | 0.82 | ## Latest Distribution - Amount: $0.3000 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does HARD invest in? While commodities offer an effective defense against significant inflation, traditional long-only positions often present difficulties for long-term investors due to their tendency for prolonged periods of lagging returns. The Simplify Commodities Strategy No K-1 ETF (HARD) aims for sustained capital growth by methodically allocating to commodity futures. Its strategy is designed to generate substantial returns during inflationary periods and maintain strong performance in more stable market conditions. This is accomplished by utilizing a sophisticated set of systematic long/short (L/S) trading models, which were developed by Altis Partners, a commodity trading advisor with over two decades of specialized experience. ### What is the expense ratio of HARD? Simplify Commodities Strategy No K-1 ETF (HARD) charges an expense ratio of 0.78%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is HARD? Simplify Commodities Strategy No K-1 ETF (HARD) manages $59.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HARD actively managed or an index fund? HARD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was HARD launched? Simplify Commodities Strategy No K-1 ETF (HARD) launched in March 2023 and is managed by Simplify. ### How has HARD performed? HARD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HARD pay a dividend? Simplify Commodities Strategy No K-1 ETF (HARD) currently distributes little or no income. Trailing-twelve-month yield is 3.41%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HARD pay dividends? Simplify Commodities Strategy No K-1 ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HARD's dividend yield? HARD's trailing-twelve-month yield is 3.41%, calculated from the sum of dividends over the past year divided by the current price. ### When is HARD's next ex-dividend date? The most recently announced ex-dividend date for HARD was 2026-09-25. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will HARD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.78% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HARD charge its expense ratio? The expense ratio is deducted in tiny daily slices from HARD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HARD cost more than a fund like VOO? HARD's strategy (current expense ratio 0.78%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HARD sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HARD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as HARD (0.78%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hard - Distribution history: https://www.dividenddata.com/funds/hard/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hard/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hard/expenses - Peer comparison: https://www.dividenddata.com/funds/hard/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.