IQ

SDMF Simplify DBi CTA Managed Futures Index ETF

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$26.25
−2.7% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its Feb 19, 2026 launch to Nov 4, 2026, SDMF returned 4.6%.

What drove SDMF’s returns?Is a 0.21% fee low for a fund like SDMF?What does SDMF cost to hold and to trade?
Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as risesSimplify ↗Expense ratio 0.21%Fund assets $52m on Nov 3, 2026First traded Feb 19, 2026SEC filings ↗Every Simplify fund ETFIQ coversDividend history

Promise check: Not measuredIts strategy, systematic trend, states no objective ETFIQ can measure.

Compare with…Trading costsPut to the committeeaskIQ about SDMFAdd to portfolioFlowsAlerts

SDMF risk and return scorecard

vs its benchmark

Not measured: no ETF prices its benchmark (none named).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since Jan 2026
+$31.2m
askIQ: what do these flows mean? ↗

What you earned

SDMF −4.8%: total return over one month to Nov 4, 2026.
SDMF−4.8%
SDMF +3.1%: total return over three months to Nov 4, 2026.
SDMF+3.1%
SDMF +4.4%: total return over six months to Nov 4, 2026.
SDMF+4.4%
SDMF +4.6%: total return since launch to Nov 4, 2026.
SDMF+4.6%
askIQ: what drove SDMF’s returns? ↗

How concentrated, and what does it cost?

+4.6%
Total return since launch
Report
+12.9%
S&P 500 over the same days
Report
not available
Against its own benchmark
180
Days it has traded
Report
$0.10
Last payment, ex-date Sep 25, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.21% fee low for a fund like SDMF? ↗

More on SDMF

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Price since launch, Feb 19, 2026

$26.25−2.7%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +4.6%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

SDMF returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−4.8%−1.0%
3M Aug 5 – Nov 4, 2026+3.1%−0.1%
6M May 6 – Nov 4, 2026+4.4%+5.0%
Since launch Feb 19 – Nov 4, 2026+4.6%+12.9%

Total returns, distributions reinvested. Listed Feb 2026: no year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

SDMF: in the month to Jun 30, 2026, net $5.2m came in, by its SEC filing.

Since Jan 2026
+$31.2m
Jan 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions SDMF files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for SDMF, back to Jan 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare SDMF with other funds in the flows tool

Month by month, money in and money outJan 2026 to Jun 2026

SDMF, money in and money out each month from Jan 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from SDMF’s SEC filings (N-PORT item B.6). Of the 6 months listed, money came in on net in 5 and went out in 0.

Every bar is from SDMF’s SEC filings (N-PORT item B.6). Of the 6 months listed, money came in on net in 5 and went out in 0.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$5.2m$0+$5.2m
May 2026 SEC Form N-PORT+$13.4m$0+$13.4m
Apr 2026 SEC Form N-PORT+$8.2m$0+$8.2m
Mar 2026 SEC Form N-PORT+$1.9m$0+$1.9m
Feb 2026 SEC Form N-PORT+$2.5m$0+$2.5m
Jan 2026 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

SDMF key stats

High since Feb 19, 2026, daily closes to Nov 4, 2026 (ETFIQ)$27.75 on Oct 12, 2026
Low since Feb 19, 2026, daily closes to Nov 4, 2026 (ETFIQ)$24.44 on Mar 23, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$26.25, 55% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Sep 23, 2026
Trading · SDMFas of Sep 23, 2026
·
Not scored1 of 6 measured · Sep 23, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

SDMF for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
SDMF interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

SDMF is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About SDMF

IssuerSimplify
Strategy (ETFIQ, from its prospectus)Managed futures
Expense ratio (485BPOS XBRL, Oct 28, 2026)0.21%Report
Net assets (issuer page, as of Nov 3, 2026)$52mReport
When stocks fellS&P 500 −4.9% in March 2026; SDMF −2.9%
Weekly correlation with the S&P 500not measured, as it has fewer than 52 weeks of closes
First tradedFeb 19, 2026
Days traded180
Quotedon an exchange, every trading day
How we measure
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. Method
IQ Investment Committee on SDMF

12 seats on SDMF, as of Nov 4, 2026: 1 Mixed, 3 Challenges, 7 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put SDMF to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about SDMF

What does SDMF cost?
The prospectus expense ratio is 0.21% a year.
Why is SDMF listed as managed futures?
ETFIQ files each fund by what its own prospectus says it does, and SDMF’s, filed Oct 28, 2026, describes a managed futures fund.
Sources and dates
Prices, SDMF and S&P 500 (SPY)Prices, Tiingo end of day ↗
Fee, 0.21%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $52mIssuer page · Nov 3, 2026
SourceProspectus the strategy was read from (SEC) ↗
IssuerSimplify website ↗
All fund filingsFund filings on SEC EDGAR ↗
Simplify’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, SDMF, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/sdmf

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same number as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
Full definitions: alternatives ETFs vocabulary page. →
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Snapshot, Nov 4, 2026. More on the tabs above.