AGGH
Simplify Aggregate Bond PLUS Credit Hedge ETF
as of 05/31/2023
NAV
$ 22.75NAV Change
+ $ 0.09 /0.40%Price
$ 22.76Price Change
+ $ 0.04 /0.18%The Simplify Aggregate Bond PLUS Credit Hedge ETF (AGGH) seeks to maximize total return by investing primarily in investment grade (IG) bonds while mitigating credit risk.
The fund is actively managed to enhance yield and offset hedging costs by enhancing duration exposure via structurally efficient curve positioning and to generate additional income by selling interest rate and credit volatility.
Credit hedging can be very inefficient, so it is paramount to be flexible in your approach to hedging within the space. AGGH will opportunistically invest, based on cost-to-payout ratios, in CDX calls, Quality-Junk factor-based hedges, and equity puts.
The fund is actively managed to enhance yield and offset hedging costs by enhancing duration exposure via structurally efficient curve positioning and to generate additional income by selling interest rate and credit volatility.
Credit hedging can be very inefficient, so it is paramount to be flexible in your approach to hedging within the space. AGGH will opportunistically invest, based on cost-to-payout ratios, in CDX calls, Quality-Junk factor-based hedges, and equity puts.