Simplify Gamma Emerging Market Bond ETF
$25.82+0.06 (+0.25%)
- 0.96%
- $41M
- +4.7%
- 6.21%
- 0M sh
- $25.74
- low $25.28high $28.25
The ETF.net GAEM Grade
D
Score 35 out of 100
- 7 of 7
Score 35 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.F9 out of 100Rank 7 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.C47 out of 100Rank 6 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 4 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 6 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 5 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 7 of 7
Our read on GAEM
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.
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 Holdings
- Bonds
- 83
- 24%
- Ecuador Rep 9.25 29JAN39 144A
Geography
- Mexico16.23%
- Colombia13.79%
- Argentina13.55%
- Brazil9.91%
- Luxembourg8.40%
- El Salvador7.03%
- Dominican Republic6.66%
- Ecuador3.62%
- 20.81%
Developed 15% · Emerging 85%
GAEM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GAEM$10,467
Returns run to the Oct 12, 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.
| Period | GAEM |
|---|---|
| Year to date | +1.5% |
| 1 month | −2.5% |
| 3 months | −2.7% |
| 1 year | +4.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GAEM |
|---|---|---|
| 2026 YTD | +1.5% | |
| 2025 | +12.7% | |
| 2024 | +3.7% |
GAEM in the news
GAEM Dividends
- 6.21%
- $1.60
- $0.15 per share
- Monthly
Distribution history
GAEM Risk
- 5.6%
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.
- 0.61
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.
- −4.6%
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.
- 0.36
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GAEM Cost
0.96%
GAEM0.96%
- The middle half of Emerging Markets Bonds (Local Currency) funds
- Median 0.55%
Every other Emerging Markets Bonds (Local Currency) fund charges less.
Other funds in Emerging Markets Bonds (Local Currency)
- ALEMBiShares J.P. Morgan EM Local Currency Bond ETFExpense ratio 0.30%1 year return +6.1%
- BEMBXVanEck Emerging Markets Bond ETFExpense ratio 0.65%1 year return +6.2%
- CELDWisdomTree Emerging Markets Local Debt FundExpense ratio 0.55%1 year return +4.5%
- CFEMBFirst Trust Emerging Markets Local Currency Bond ETFExpense ratio 0.85%1 year return +5.7%
- DCBONVanEck China Bond ETFExpense ratio 0.50%1 year return +9.6%