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HEQT

Simplify Hedged Equity ETF

Morningstar Morningstar RatingTM
Overall rating based on risk-adjusted returns among
151 funds in the Equity Hedged category as of 11/30/24.
as of 12/13/2024

NAV

$ 30.13

NAV Change

+ $ 0.02 /0.07%

Price

$ 30.18

Price Change

- $ 0.02 /0.07%
The Simplify Hedged Equity ETF (HEQT) seeks to provide capital appreciation by offering US large cap exposure while investing in a series of put-spread collars designed to help reduce volatility.

Equities + put-spread collars have become a popular way to create more conservative, lower volatility equity investments. By deploying a ladder of collars, that expire over 3 sequential months, the fund seeks to create a hedged equity experience that is additionally robust to rebalancing luck.

HEQT Overview

HEQT Fund Deep Dive

Fund Overview

As of 12/13/2024

Ticker Symbol
HEQT
Gross Expense Ratio
0.54%
Net Expense Ratio
0.44%
CUSIP
82889N764
Total Assets
$275,702,052.73
Shares Outstanding
9,150,001
Distribution Rate as of 09/30/2024 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
1.11%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2024 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
0.96%
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
0.87%
Options Available
Yes
Inception Date
11/01/2021
Premium/Discount (%) as of 12/13/2024
0.16%
NAV Per Share as of 12/13/2024
$30.13
Market Price as of 12/13/2024
$30.18
30-Day Median Bid-Ask Spread
0.17%
Bid/Ask
$30.13/$30.19
Midpoint Price
$30.16
Volume
22,260
NAV Symbol
HEQT.NV
IOPV Symbol
HEQT.IV
Shares Out. Symbol
HEQT.SO
Schedule K-1
No
 

 

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.50%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.01%
Acquired Fund Fees and Expenses2 0.03%
Total Annual Fund Operating Expenses 0.54%
Fee Waiver3 (0.10%)
Total Annual Fund Operating Expenses 0.44%
1. Other Expenses include interest expenses of 0.01%.

2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operatingexpenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financialstatements include only the direct operating expenses incurred by the Fund.

3. The Fund’s adviser has contractually agreed, through at least October 31, 2025, to waive its management fees to 0.40% ofthe Fund’s average daily net assets.

Fund Performance

As of 11/30/2024 09/30/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 3.99% 5.63% 11.24% 19.98% 23.04% 31.51%
Market Price 3.91% 5.74% 11.58% 19.98% 22.99% 31.13%
Annualized 1 Year 3 Year Since Inception
NAV 23.04% 9.65% 9.30%
Market Price 22.99% 9.66% 9.21%
Cumulative 1 Year Since Inception
NAV 23.52% 26.71%
Market Price 23.55% 26.23%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 23.52% 8.47%
Market Price 23.55% 8.34%

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
122
43
Days Traded at Discount
128
21

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 455,599 100.35%
SPX US 01/17/25 C6150 S&P 500 Index Jan 2025 6150 Call -150 -0.23%
SPX US 01/17/25 P4680 S&P 500 Index Jan 2025 4680 Put -150 -0.01%
SPX US 01/17/25 P5555 S&P 500 Index Jan 2025 5555 Put 150 0.06%
SPX US 02/21/25 C6260 S&P 500 Index Feb 2025 6260 Call -150 -0.28%
SPX US 02/21/25 P4750 S&P 500 Index Feb 2025 4750 Put -150 -0.04%
SPX US 02/21/25 P5655 S&P 500 Index Feb 2025 5655 Put 150 0.20%
SPX US 12/20/24 C6025 S&P 500 Index Dec 2024 6025 Call -145 -0.25%
SPX US 12/20/24 P4575 S&P 500 Index Dec 2024 4575 Put -145 0.00%
SPX US 12/20/24 P5435 S&P 500 Index Dec 2024 5435 Put 145 0.00%
- Estimated Cash 586,553 0.21%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.08000
$0.10000
$0.10000
$0.79668
Recent Distribution Disclosure
View Distribution History Supplemental Tax Information: S19(a) Notices

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