Simplify Commodities Strategy No K-1 ETF
HARD
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 54 W 21st Street, Suite 1007 New York NY United States of America 10010
- IPO Date
- Mar 29, 2023
- Website
- simplify.us
- Similar Companies
- Business
- Simplify Commodities Strategy No K-1 ETF (NYSE Arca: HARD) is an actively managed exchange-traded fund that seeks long-term capital appreciation through systematic investments in commodity futures, providing enhanced exposure that aims to perform strongly during inflationary periods while remaining resilient in typical market environments. The fund deploys a suite of long/short models, including price trend and fundamental reversion strategies, actively managed by Altis Partners, a commodity trading advisor with over 20 years of experience; it invests in futures contracts across energy commodities such as crude oil, RBOB, heating oil, and natural gas; metals including copper, gold, and silver; and agriculture products like corn, wheat, soybeans, and soybean oil. Complementing its commodity allocations, HARD holds short-term U.S. Treasury securities or other high-quality, short-term fixed-income instruments; the fund maintains a net expense ratio of 0.75% and avoids issuing K-1 tax forms. Launched on March 27, 2023, HARD operates as part of Simplify Exchange Traded Funds, the ETF platform sponsored by Simplify Asset Management Inc., a registered investment adviser founded in 2020 and headquartered at 222 Broadway, 22nd Floor, New York, New York. Simplify Asset Management focuses on innovative, options-based and alternative strategies distributed through ETFs to address portfolio challenges for advisors and investors; HARD complements the firm's commodity offerings, including the Simplify Managed Futures Strategy ETF (CTA). Recent developments include Simplify Asset Management's launch of the CTAP ETF on December 8, 2025, which combines large-cap U.S. equity exposure with systematic managed futures strategies, further expanding the firm's lineup of equity-plus and commodity-focused products alongside the $1.1 billion AUM CTA ETF. In late 2025, discussions emerged around a potential partnership between Streamex Corp. (NASDAQ: STEX) and Simplify Asset Management to integrate tokenized gold yield products into Simplify's ETF structures. Additionally, the fund added Paisley Nardini to its management team effective November 1, 2024, alongside existing managers Ken Miller, David Berns, and Michael Green.