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) from $27.08 to $26.66, a reduction of about 1.55%.
- • The restatement was effective November 3, 2026, and was announced via GlobeNewswire.
- • The company attributed the NAV adjustment to incorrect swap prices.
- • The restatement affects only the previously disclosed NAV for the November 2 valuation date, per the company's announcement.
Summary
Simplify Asset Management Inc. announced on November 3, 2026 that it has restated the previously disclosed net asset value (NAV) per share of the Simplify DBi CTA Managed Futures Index ETF (NYSE Arca: SDMF) for November 2, 2026. According to the company's release distributed via GlobeNewswire, the revised NAV is $26.66 per share, compared with the original figure of $27.08, an adjustment of -1.55%. The restatement took effect November 3, 2026.
Simplify attributed the correction to incorrect swap prices used in the fund's valuation. The release did not provide further detail on the source or magnitude of the pricing error across other valuation dates, nor did it indicate whether any investor transactions were affected.
Simplify Asset Management is a registered investment adviser founded in 2020 that offers options-based strategies. The SDMF fund is an actively managed exchange-traded fund that seeks exposure to a managed futures index, and the company's disclosures highlight risks including derivative counterparty risk, valuation and mispricing risk, and the potential for the strategy not to achieve its intended results. Investors are directed to the fund's prospectus for full risk disclosures.
Simplify attributed the correction to incorrect swap prices used in the fund's valuation. The release did not provide further detail on the source or magnitude of the pricing error across other valuation dates, nor did it indicate whether any investor transactions were affected.
Simplify Asset Management is a registered investment adviser founded in 2020 that offers options-based strategies. The SDMF fund is an actively managed exchange-traded fund that seeks exposure to a managed futures index, and the company's disclosures highlight risks including derivative counterparty risk, valuation and mispricing risk, and the potential for the strategy not to achieve its intended results. Investors are directed to the fund's prospectus for full risk disclosures.
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