ETF Evaluator:
Simplify Gamma Emerging Market Bond ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Emerging Markets Bond Over the Last Year
| 12.8% | Virtus Stone Harbor Emr Mkt Hi Yld BdETF (VEMY) |
| 11.5% | VanEck Emerging Markets Bond ETF (EMBX) |
| 11.3% | Neuberger Em Mkts Debt Hard Ccy ETF (NEMD) |
| 9.5% | iShares J.P. Morgan EM High Yld Bd ETF (EMHY) |
| 9.4% | Simplify Gamma Emerging Market Bond ETF (GAEM) |
Risk
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Risk
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ETF Details
Simplify Gamma Emerging Market Bond ETF Overview
Simplify Gamma Emerging Market Bond ETF (GAEM) is an actively managed Taxable Bond Emerging Markets Bond exchange-traded fund (ETF). Simplify Asset Management launched the ETF in 2024.
The investment seeks to maximize total return.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing primarily in bonds issued by, or tied economically to, issuers in emerging markets, denominated in USD or local currency. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities of issuers in emerging markets. It is non-diversified.
About Simplify Gamma Emerging Market Bond ETF (GAEM)
There are 5 members of the management team with an average tenure of 1.73 years: Douglas Roman (2024), Ken Miller (2024), David Berns (2024), Manuel Pelayo Troncoso Acebal (2024) and Chris Getter (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Simplify Gamma Emerging Market Bond ETF has 80 securities in its portfolio. The top 10 holdings constitute 27.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Simplify Gamma Emerging Market Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Simplify Gamma Emerging Market Bond ETF has 97.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.8% (0.8% domestic bond, 97.0% foreign bond and 0.0% convertible bond). Simplify Gamma Emerging Market Bond ETF has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $40 million in total assets, which is below the $1 billion average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GAEM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Simplify Gamma Emerging Market Bond ETF expense ratio is above average compared to funds in the Emerging Markets Bond category. Simplify Gamma Emerging Market Bond ETF has an expense ratio of 0.76%, which is 65% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Simplify Gamma Emerging Market Bond ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 56% for the Emerging Markets Bond category.
Recently, in the month of July 2026, Simplify Gamma Emerging Market Bond ETF returned -0.6%, which earned it a grade of B, as the Emerging Markets Bond category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Simplify Gamma Emerging Market Bond ETF has a trailing yield of 6.38%, which is above the 6.13% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Simplify Gamma Emerging Market Bond ETF Grades
Year to date, the ETF has returned 3.7%, 1.7 percentage points better than the category, which translates into a grade of A. The fund has returned 9.4% over the past year (grade of B).
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GAEM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GAEM Return (NAV) | -0.6% | 1.0% | 9.4% | na | na | na |
| GAEM Return (Price) | -0.7% | 0.8% | 9.5% | na | na | na |
| NAV +/- Price Return | 0.029% | 0.188% | -0.090% | na | na | na |
| Emerging Markets Bond Avg | -1.1% | 0.6% | 8.0% | 8.7% | 2.3% | 3.6% |
| GAEM Grade (NAV) | B | B | B | na | na | na |
| +/- Category (NAV) | 0.5% | 0.4% | 1.4% | na | na | na |
| GAEM Tax-Cost Ratio | na | na | 2.6% | na | na | na |
GAEM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GAEM Return (NAV) | 3.7% | 12.8% | na | na | na | na | na | na | na | na | na |
| GAEM Return (Price) | 3.6% | 12.6% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.038% | -0.018% | na | na | na | na | na | na | na | na | na |
| Emerging Markets Bond Avg | 2.0% | 13.0% | 6.8% | 10.3% | -14.2% | -3.3% | 5.9% | 13.9% | -4.6% | 9.8% | 10.7% |
| GAEM Grade (NAV) | A | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.7% | -0.2% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 6.4% |
| Total Assets: | $ 41 Mil |
| Share Class Assets: | $ 41 Mil |
| Turnover: | na |
| Expense Ratio: | 0.76% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Roman Douglas (2024), Miller Ken (2024), Berns David (2024), Pelayo Troncoso Acebal Manuel (2024), Getter Chris (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 80 |
| % in Top 10 Holdings: | 27.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 97.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.8% |
| Foreign Bond: | 97.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Simplify Asset Management |
| Phone Number: | 855-772-8488 |
| Website: | |
| Inception Date: | August 12, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.76% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.46% |
