Net Asset Value Restatement for Simplify Aggregate Bond ETF (AGGH) & Simplify Volatility Premium ETF (SVOL)
September 11 2024 - 4:45PM
Business Wire
Simplify Asset Management Inc. announces that the previously
disclosed net asset value (NAV) per share of the Simplify Aggregate
Bond ETF (NYSE Arca: AGGH) and Simplify Volatility Premium ETF
(NYSE Arca: AVOL) on August 30, 2024, have been restated effective
September 11, 2024, as follows:
ETF Name
Ticker
Date
Revised
Original
Adjustment
(NYSE Arca)
Simplify Aggregate Bond ETF
AGGH
08/30/2024
21.39
21.55
-0.73%
Simplify Volatility Premium ETF
SVOL
08/30/2024
22.38
22.55
-0.72%
The NAV adjustment is a result of incorrect booking of an option
assignment.
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment
Adviser founded in 2020 to help advisors tackle the most pressing
portfolio challenges with an innovative set of options-based
strategies. By accounting for real-world investor needs and market
behavior, along with the non-linear power of options, our
strategies allow for the tailored portfolio outcomes for which
clients are looking. For more information, visit
www.simplify.us.
Investors should carefully consider the investment
objectives, risks, charges and expenses of Exchange Traded Funds
(ETFs) before investing. To obtain an ETF's prospectus containing
this and other important information, please call (855) 772-8488,
or visit SimplifyETFs.com. Please read the prospectus carefully
before you invest. An investment in the fund involves risk,
including possible loss of principal. Past performance does not
guarantee future results.
The fund's investment objective is to seek capital appreciation.
The funds are new and have a limited operating history.
The use of derivative instruments involves risks different from,
or possibly greater than, the risks associated with investing
directly in securities and other traditional investments. These
risks include (i) the risk that the counterparty to a derivative
transaction may not fulfill its contractual obligations; (ii) risk
of mispricing or improper valuation; and (iii) the risk that
changes in the value of the derivative may not correlate perfectly
with the underlying asset, rate or index. Derivative prices are
highly volatile and may fluctuate substantially during a short
period of time. The use of leverage by the Fund, such as borrowing
money to purchase securities or the use of options, will cause the
Fund to incur additional expenses and magnify the Fund’s gains or
losses. The earnings and prospects of small and medium sized
companies are more volatile than larger companies and may
experience higher failure rates than larger companies. Small and
medium sized companies normally have a lower trading volume than
larger companies, which may tend to make their market price fall
more disproportionately than larger companies in response to
selling pressures and may have limited markets, product lines, or
financial resources and lack management experience.
Simplify ETFs are distributed by Foreside Financial Services,
LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240911549878/en/
MEDIA: Chris Sullivan Craft & Capital
chris@craftandcapital.com