---
ticker: "GAEM"
name: "Simplify Gamma Emerging Market Bond ETF"
url: "https://etf.net/etf/GAEM"
grade: "D"
score: 35
graded_at: "2026-10-12"
category: "Emerging Markets Bonds (Local Currency)"
category_rank: "7 of 7"
methodology: "https://etf.net/methodology"
---

# GAEM: Simplify Gamma Emerging Market Bond ETF

Grade **D**, Score 35 of 100. Rank 7 of 7 in Emerging Markets Bonds (Local Currency).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 9 | 7 of 7 |
| Mission | 47 | 6 of 7 |
| Risk | 56 | 4 of 7 |
| Tradability | 33 | 6 of 7 |
| Holdings | 60 | 5 of 7 |
| Durability | 33 | 7 of 7 |

## Top holdings

The fund holds 83 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Ecuador Rep 9.25 29JAN39 144A | 2.92% |
| 2 | — | United Mexican Sts 6.125 09FEB38 | 2.74% |
| 3 | — | Brazil Federative Rep 7.25 12JAN56 | 2.56% |
| 4 | — | Bahamas Government Int 8.25 24JUN36 | 2.32% |
| 5 | — | PEMEX 7.69 01/23/50 Corp | 2.29% |
| 6 | — | Brazil Federative Rep 5.0 27JAN45 | 2.25% |
| 7 | — | Dominican Republic Int 6.95 15MAR37 | 2.19% |
| 8 | — | Argentina Rep 5.0 09JAN38 | 2.13% |
| 9 | — | Brazil Federative Rep 6.625 15MAR35 | 2.07% |
| 10 | — | El Salvador Government 9.25 17APR30 | 2.07% |
| 11 | — | Brazil Federative Rep 5.625 21FEB47 | 1.99% |
| 12 | — | B 11/3/26 Govt | 1.97% |
| 13 | — | Cash | 1.96% |
| 14 | — | United Mexican Sts 6.338 04MAY53 | 1.91% |
| 15 | — | PEMEX 5.95 01/28/31 Corp | 1.89% |
| 16 | — | Brazil Federative Rep 6.25 22MAY36 | 1.88% |
| 17 | — | B 11/12/26 Govt | 1.87% |
| 18 | — | Ecopetrol S A 5.875 28MAY45 | 1.84% |
| 19 | — | PEMEX 6 5/8 06/15/35 Corp | 1.75% |
| 20 | — | ECOPET 8 3/8 01/19/36 Corp | 1.75% |
| 21 | — | Colombia Rep 7.5 02FEB34 | 1.73% |
| 22 | — | Aes Espana B V 7.75 03AUG33 144A | 1.73% |
| 23 | — | Petroleos Mexicanos 10.0 07FEB33 | 1.65% |
| 24 | — | Saavi Energia Sarl 8.875 10FEB35 | 1.57% |
| 25 | — | Dominican Republic In 5.875 30JAN60 | 1.57% |
| 26 | — | El Salvador Governmen 7.625 01FEB41 | 1.54% |
| 27 | — | Ecopetrol S A 7.75 01FEB32 | 1.44% |
| 28 | — | El Salvador Government 7.65 15JUN35 | 1.43% |
| 29 | — | Minerva Luxembourg 7.5 22APR36 144A | 1.41% |
| 30 | — | Telefonica Moviles Ch 3.537 18NOV31 | 1.37% |

Source: etf.net, https://etf.net/etf/GAEM. Please cite the page URL.