Key Takeaways
- • Simplify Asset Management restated the November 2, 2026 net asset value per share of the Simplify DBi CTA Managed Futures Index ETF (NYSE Arca: SDMF), effective November 3, 2026.
- • The revised NAV is $26.66, down from the previously disclosed $27.08, a downward adjustment of 1.55%.
- • The company attributed the restatement to incorrect swap prices.
Summary
Simplify Asset Management Inc. announced on November 3, 2026, via GlobeNewswire, that the previously disclosed net asset value per share of the Simplify DBi CTA Managed Futures Index ETF (NYSE Arca: SDMF) for November 2, 2026 has been restated. The revised NAV is $26.66, compared with the original figure of $27.08, an adjustment of -1.55%. The restated figure took effect November 3, 2026.
According to the company, the adjustment resulted from incorrect swap prices. The release did not provide further detail on the source or magnitude of the pricing error beyond the NAV change itself.
The fund is an exchange-traded product managed by Simplify, a registered investment adviser founded in 2020 that offers options-based strategies. The filing carries standard risk disclosures noting that the fund is actively managed, that derivative use involves counterparty, mispricing and correlation risks, and that the fund's option overlay and use of leverage may magnify gains or losses. The ETF also invests in other ETFs, which entails additional expenses. Simplify ETFs are distributed by Foreside Financial Services, LLC.
According to the company, the adjustment resulted from incorrect swap prices. The release did not provide further detail on the source or magnitude of the pricing error beyond the NAV change itself.
The fund is an exchange-traded product managed by Simplify, a registered investment adviser founded in 2020 that offers options-based strategies. The filing carries standard risk disclosures noting that the fund is actively managed, that derivative use involves counterparty, mispricing and correlation risks, and that the fund's option overlay and use of leverage may magnify gains or losses. The ETF also invests in other ETFs, which entails additional expenses. Simplify ETFs are distributed by Foreside Financial Services, LLC.
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