# Simplify National Muni Bond ETF (NMB) — Overview

NMB · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/nmb

## Price

Last close $23.40 on Oct 15, 2026. 52-week range $22.78 – $26.03.

## Fund profile

NMB is an actively managed fund that predominantly invests in investment grade, tax-exempt US municipal bonds while utilizing a multi-asset option spread writing strategy. The fund seeks to provide income, and secondarily, capital appreciation.

| Metric | Value |
| --- | --- |
| Issuer | Simplify Asset Management Inc. |
| Industry | — |
| Inception | Sep 9, 2024 |
| Assets under management | $46.4M |
| Expense ratio | 0.52% |
| Net asset value | $23.49 (as of Oct 15, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Simplify National Muni Bond ETF (NMB)?

NMB is an actively managed fund that predominantly invests in investment grade, tax-exempt US municipal bonds while utilizing a multi-asset option spread writing strategy. The fund seeks to provide income, and secondarily, capital appreciation.

### What is NMB's expense ratio?

Simplify National Muni Bond ETF charges an annual expense ratio of 0.52%. The fund is issued by Simplify Asset Management Inc..

### How large is NMB?

Simplify National Muni Bond ETF manages $46.4M in assets and has traded since Sep 9, 2024.

### How do I buy shares of Simplify National Muni Bond ETF (NMB)?

NMB trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

---

Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).