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SDMF

GradeBNew York Stock Exchange Arca

Simplify DBi CTA Managed Futures Index ETF

Commodities · Simplify · Inception 2026-02-17 · SEC filings

$27.06+0.48 (+1.82%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Feb 17, 2026.History starts Feb 17, 2026.
Intraday session: up, 11 prints from 26.58 to 27.06. Range 26.77 to 27.06. Use the arrow keys to read each point.$26.80$26.90$27.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$43M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$26.64
52W range
low $24.44high $28.47

The ETF.net SDMF Grade

B

55/ 100

Rank 8 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for SDMF. Scores out of 100: Cost 82, Risk 70, Mission not scored, Tradability 23, Holdings 18, Durability 29. Strongest: Cost (82). Weakest: Holdings (18). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 82
    Category rank5/23 · top 22%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 70
    Category rank6/23 · top 26%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank20/23 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 18
    Category rank14/15 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 29
    Category rank21/23 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SDMF

ETF.net Research

BManaged futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
  2. 02Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
  3. 03Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
  4. 04Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

  1. 01Launched in 2026, so there is no long record here and the risk picture rests on limited history.
  2. 02A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
  3. 03The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

SDMF Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
—
Top-10 weight
335%
Largest holding
US Treasury Note, 2yr87.5%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Treasury Note, 2yr87.47%-216$-44M1
002—US Treasury Note82.16%-389$-41M1
003—EUR/USD Future Active Contract44.38%-155$-22M1
004—US Treasury Bond Future24.57%-115$-12M1
005—TRS DBMFC 0.00% 060427 BULLET18.68%-9,388,947$-9M1
006—TRS DBMFC 0.00% 080927 BULLET18.34%-9,218,374$-9M1
007—TRS DBMFNC 0.10% 060427 BULLET18.13%-9,113,682$-9M1
008—TRS DBMFNC 0.10% 080927 BULLET15.93%-8,007,171$-8M1
009—TRS DBMFNC 0.10% 051427 BULLET12.81%-6,440,042$-6M1
010—TRS DBMFC 0.00% 051427 BULLET12.64%-6,351,325$-6M1
011—TRS DBMFNC 0.10% 043027 BULLET10.27%-5,160,122$-5M1
012—TRS DBMFC 0.00% 043027 BULLET9.69%-4,868,350$-5M1
013—TRS DBMFNC 0.10% 092427 BULLET8.36%-4,202,627$-4M1
014—TRS DBMFNC 0.10% 070127 BULLET7.01%-3,521,968$-4M1
015—TRS DBMFNC 0.10% 060127 BULLET6.53%-3,282,334$-3M1

Showing 1–15 of 22 holdings

SDMF Performance

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

SDMF$10,362
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. SDMF $10,362. SPY $10,415. Use the arrow keys to read each point.$9,737$10,120$10,503Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 SDMF. Periods over one year show the average yearly return.
PeriodSDMF
Year to dateFund launched this year—
1 month+1.8%
3 months+3.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 SDMF
YearReturn barSDMF
2026 YTD+6.7%

Since listing, Feb 17, 2026

SDMF in the news

SDMF 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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 25, 2026 $0.10. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.10

SDMF Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.
0.27
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.

SDMF Cost

Expense ratio0.35%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

3 of the 21 Broad Commodity Futures funds charge less.

SDMF costs $35.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.