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Launched

Simplify Gamma Emerging Market Bond ETF

GAEMNYSE ArcaSimplifyD

$25.52+0.04 (+0.17%)

As of Nov 2, 2026, 3:44 PM ET

D38/ 100

Rank 6 of 7 in Emerging Markets Bonds (Local Currency)

D38/100Rank 6 of 7inEmerging Markets Bonds (Local Currency)
Intraday session: up, 76 prints from 25.48 to 25.52. Range 25.51 to 25.60. Use the arrow keys to read each point.25.5025.5525.5725.6010 AM12 PM2 PM4 PM
Expense ratio
0.76%*
Fund size
$40M
1Y total return
+2.3%
Yield · Last 12 months
7.05%
Holdings
84
Avg volume · 30D
8.7K sh
52W range
low $25.28high $28.25
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.96%.

The ETF.net GAEM Grade

D

Score 38 out of 100

Category
Emerging Markets Bonds (Local Currency)⁠
Rank
6 of 7
Six-pillar profile for GAEM. Scores out of 100: Cost 21, Risk 52, Mission 48, Tradability 34, Holdings 60, Durability 33. Strongest: Holdings (60). Weakest: Cost (21). Leans toward Holdings.

Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 6 of 7

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C48 out of 100
    Rank 6 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 4 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 6 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B60 out of 100
    Rank 5 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D33 out of 100
    Rank 7 of 7

Our read on GAEM

ETF.net Research

In short

DSimplify's counterpunch to index-tracking emerging market bond funds: an active, concentrated book of a few dozen bonds with a declared Latin America tilt, run for total return across dollar and local-currency debt.

Stated mandate

The Fund seeks to maximize total return.

Why people hold it

  • Actively run and concentrated: a few dozen positions rather than an index's hundreds, spanning both dollar-denominated and local-currency emerging market debt.
  • The mandate is written down, not implied: at least 80% of net assets in emerging market debt under normal conditions, with a stated Latin America tilt.simplify.us
  • One job in the prospectus: maximize total return. Price moves count the same as coupons, so the manager isn't anchored to the fattest headline yields.simplify.us

Worth knowing

  • Fees are the sore spot: 0.96% a year, roughly triple the 0.30% on VanEck's index-based EMLC. Active security picking carries that hurdle.
  • Small fund, light trading volume. Bid-ask spreads can run wider than on the category's household-name bond ETFs.
  • Launched in 2024, so the record is short, and cash comes out on an irregular schedule rather than a fixed monthly one.

GAEM Performance

Launched Aug 12, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GAEM$10,226
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GAEM $10,226. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GAEM. Periods over one year show the average yearly return.
PeriodGAEM
Year to date+1.3%
1 month+0.7%
3 months−2.2%
1 year+2.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GAEM
YearReturn barGAEM
2026 YTD+1.3%
2025+12.7%
2024+3.7%

History from Aug 13, 2024

GAEM in the news

GAEM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
7.05%Last 12 months
Payout per share
$1.80Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 16 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.95; Mar 26, 2025 $0.40; Jun 25, 2025 $0.40; Sep 25, 2025 $0.40; Nov 21, 2025 $0.13; Dec 23, 2025 $0.20; Jan 27, 2026 $0.13; Feb 24, 2026 $0.14; Mar 26, 2026 $0.14; Apr 27, 2026 $0.14; May 26, 2026 $0.14; Jun 25, 2026 $0.14; Jul 28, 2026 $0.14; Aug 26, 2026 $0.15; Sep 25, 2026 $0.15; Oct 27, 2026 $0.20. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 30, 2026$0.20
Sep 25, 2026Sep 30, 2026$0.15
Aug 26, 2026Aug 31, 2026$0.15
Jul 28, 2026Jul 31, 2026$0.14
Jun 25, 2026Jun 30, 2026$0.14
May 26, 2026May 29, 2026$0.14
Apr 27, 2026Apr 30, 2026$0.14
Mar 26, 2026Mar 31, 2026$0.14
Feb 24, 2026Feb 27, 2026$0.14
Jan 27, 2026Jan 30, 2026$0.13
Dec 23, 2025Dec 31, 2025$0.20
Nov 21, 2025Nov 28, 2025$0.13

See all 16 payments⁠

$10,000 in GAEM 1 year ago paid $674 in dividends.⁠

GAEM Risk

Risk pillarC52 out of 100Rank 4 of 7 in Emerging Markets Bonds (Local Currency)
How much the fund’s monthly returns vary, scaled to a year.
5.5%
Annualised · 26 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · 26 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.6%
26 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.36
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GAEM Cost

Compare GAEM and EMLC

Overpaying vs EMLC, tied cheapest in Emerging Markets Bonds (Local Currency)

$8,507

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GAEM 0.76%

    $14,656

  • EMLC 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • GAEM 0.76%
  • EMLC 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GAEM $14,656EMLC $6,149

Year by year

YearGAEMEMLCOverpaying
10$1,353$545$808
20$5,142$2,113$3,029
30$14,656$6,149$8,507
How the 0.76% is worked out

Full fee 0.96%− waiver 0.20%= you pay 0.76%

The waiver ends Oct 31, 2027. After that the fee is 0.96% unless Simplify renews it. Source: prospectus, Oct 2026.

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