Simplify Stable Income ETF
NAV Change- $ 0.10 /0.40%
Price Change- $ 0.13 /0.52%
The fund is intended to be a cash alternative, as it seeks to enhance typical cash yields from T-bills via an option writing strategy with low correlation to traditional credit and duration exposures.
A sophisticated option-writing algorithm seeks to sell spreads that generate attractive risk-adjusted returns, while an additional layer of risk management helps manage tail risk associated with selling options.