Simplify National Muni Bond ETF (NMB)
Simplify National Muni Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $24.53, down 0.16% on the session, giving a market capitalisation of $48.9M. Its beta of 0.41 implies it has historically moved less than the broad market.
The Simplify National Muni Bond ETF (NMB) primarily targets current income generation, with capital growth serving as a secondary objective. This actively managed exchange-traded fund endeavors to achieve its goals by predominantly investing in high-quality U.S. municipal bonds, chosen for their appealing tax-exempt yields. NMB also employs a dynamic municipal bond approach, actively seeking out undervalued securities that might be overlooked by traditional passive investment mandates. Additionally, the fund utilizes a broad, multi-asset options writing strategy to further augment its overall returns. Foundation Credit acts as the Subadvisor, managing the municipal bond portion of the fund's assets.
Simplify National Muni Bond ETF is most often compared with the following Financial Services names: