HEQT

Simplify Hedged Equity ETF

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as of 02/06/2023

NAV

$ 23.54

NAV Change

- $ 0.08 /0.34%

Price

$ 23.56

Price Change

- $ 0.05 /0.21%
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.
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Documents

Fund Overview

As of 02/06/2023

Ticker Symbol
HEQT
Gross Expense Ratio
0.53%
CUSIP
82889N764
Total Assets
$93,563,721.65
Shares Outstanding
3,975,001
SEC 30-Day Yield as of 12/31/2022 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.
1.21%
Distribution Frequency
Quarterly
Distribution Yield as of 12/31/2022 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
14.35%
Options Available
No
Inception Date
11/01/2021
Premium/Discount (%) as of 02/06/2023
0.09%
NAV
$23.54
NAV Per Share as of 02/06/2023
$23.54
Market Price as of 02/06/2023
$23.56
30-Day Median Bid-Ask Spread
0.17%
Bid/Ask
$23.50/$23.56
Midpoint Price
$23.53
Volume
19,323
NAV Symbol
HEQT.NV
IOPV Symbol
HEQT.IV
Shares Out. Symbol
HEQT.SO

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 Expenses 0.00%
Interest Expense 0.00%
Acquired Fund Fees and Expenses1 0.03%
Total Annual Fund Operating Expenses 0.53%
1. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal year, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights located in the prospectus because the financial statements include only the direct operating expenses incurred by the Fund.
 

Fund Performance

As of 01/31/2023 12/31/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.07% 3.97% 1.62% 4.07% -1.17% -2.29%
Market Price 3.72% 3.72% 1.46% 3.72% -1.16% -2.78%
Annualized 1 Year 3 Year Since Inception
NAV -1.17% — -1.83%
Market Price -1.16% — -2.24%
Cumulative 1 Year Since Inception
NAV -8.40% -6.11%
Market Price -8.25% -6.27%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -8.40% — — -5.27%
Market Price -8.25% — — -5.42%
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2022 4th Quarter of 2022
Days Traded at Premium
139
34
Days Traded at Discount
111
29
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 231252 101.78%
SPX US 02/17/23 P3730 S&P 500 Index Feb 2023 3730 Put 80 0.01%
SPX US 02/17/23 P3140 S&P 500 Index Feb 2023 3140 Put -80 0.00%
SPX US 02/17/23 C4175 S&P 500 Index Feb 2023 4175 Call -80 -0.23%
SPX US 03/17/23 P3710 S&P 500 Index Mar 2023 3710 Put 81 0.12%
SPX US 03/17/23 P3120 S&P 500 Index Mar 2023 3120 Put -81 -0.02%
SPX US 03/17/23 C4130 S&P 500 Index Mar 2023 4130 Call -81 -0.77%
SPX US 04/21/23 P3720 S&P 500 Index Apr 2023 3720 Put 78 0.28%
SPX US 04/21/23 P3125 S&P 500 Index Apr 2023 3125 Put -78 -0.06%
SPX US 04/21/23 C4120 S&P 500 Index Apr 2023 4120 Call -78 -1.16%
- Estimated Cash 34130 0.04%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.38198 $0.00000 $0.42597 $0.00000 $0.80795
$0.08025 $0.00000 $0.00000 $0.00000 $0.08025
$0.06905 $0.00000 $0.00000 $0.00000 $0.06905
View Distribution History