Simplify National Muni Bond ETF

Frequently Asked Questions About NMB

What does NMB invest in?

The Simplify National Muni Bond ETF (NMB) primarily targets current income generation, with capital growth serving as a secondary objective. This actively managed exchange-traded fund endeavors to achieve its goals by predominantly investing in high-quality U.S. municipal bonds, chosen for their appealing tax-exempt yields. NMB also employs a dynamic municipal bond approach, actively seeking out undervalued securities that might be overlooked by traditional passive investment mandates. Additionally, the fund utilizes a broad, multi-asset options writing strategy to further augment its overall returns. Foundation Credit acts as the Subadvisor, managing the municipal bond portion of the fund's assets.

What is the expense ratio of NMB?

Simplify National Muni Bond ETF (NMB) charges an expense ratio of 0.52%. This is the annual fee deducted from fund assets to cover management and operations.

What is NMB's dividend yield?

NMB's trailing-twelve-month yield is 5.16%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NMB?

Effective duration measures NMB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NMB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NMB?

NMB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NMB?

Yield to maturity (YTM) is the total return you'd earn from NMB if every bond in the portfolio is held to maturity at the current price. NMB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.