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HEQT

Simplify Hedged Equity ETF

as of 06/18/2024

NAV

$ 27.73

NAV Change

+ $ 0.02 /0.07%

Price

$ 27.77

Price Change

+ $ 0.05 /0.18%
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 06/18/2024

Ticker Symbol
HEQT
Gross Expense Ratio
0.53%
CUSIP
82889N764
Total Assets
$162,224,593.25
Shares Outstanding
5,850,001
Distribution Yield as of 03/31/2024 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.
1.51%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 05/31/2024
0.83%
Options Available
Yes
Inception Date
11/01/2021
Premium/Discount (%) as of 06/18/2024
0.14%
NAV Per Share as of 06/18/2024
$27.73
Market Price as of 06/18/2024
$27.77
30-Day Median Bid-Ask Spread
0.07%
Bid/Ask
$27.72/$27.77
Midpoint Price
$27.75
Volume
16,332
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 0.00%
Acquired Fund Fees and Expenses2 0.03%
Total Annual Fund Operating Expenses 0.53%
1. Other Expenses have been restated. The Fund no longer engages in transactions that incur interest expense.

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

Fund Performance

As of 05/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.16% 4.25% 10.60% 7.85% 16.54% 18.21%
Market Price 3.88% 3.83% 10.23% 7.53% 16.06% 17.52%
Annualized 1 Year 3 Year Since Inception
NAV 16.54% 6.71%
Market Price 16.06% 6.47%
Cumulative 1 Year Since Inception
NAV 16.68% 15.45%
Market Price 16.84% 15.05%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 16.68% 6.14%
Market Price 16.84% 5.99%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
122
30
Days Traded at Discount
128
31

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 300647 101.86%
SPX US 06/21/24 C5425 S&P 500 Index Jun 2024 5425 Call -101 -0.43%
SPX US 06/21/24 P4110 S&P 500 Index Jun 2024 4110 Put -101 0.00%
SPX US 06/21/24 P4875 S&P 500 Index Jun 2024 4875 Put 101 0.00%
SPX US 07/19/24 C5290 S&P 500 Index Jul 2024 5290 Call -101 -1.48%
SPX US 07/19/24 P4000 S&P 500 Index Jul 2024 4000 Put -101 0.00%
SPX US 07/19/24 P4760 S&P 500 Index Jul 2024 4760 Put 101 0.01%
SPX US 08/16/24 C5620 S&P 500 Index Aug 2024 5620 Call -100 -0.34%
SPX US 08/16/24 P4250 S&P 500 Index Aug 2024 4250 Put -100 -0.02%
SPX US 08/16/24 P5045 S&P 500 Index Aug 2024 5045 Put 100 0.09%
- Estimated Cash 498703 0.31%

Recent Distributions

Recent Distribution Disclosure

This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. Section 19(a) notices are typically released after a Fund's dividend declaration date. As such, the reported distribution details below are subject to change without notice.

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.02886 $0.30713 $0.46069 $0.00000 $0.79668
$0.00000 $0.00000 $0.00000 $0.08000 $0.08000
$0.08000 $0.00000 $0.00000 $0.00000 $0.08000
$0.08000 $0.00000 $0.00000 $0.00000 $0.08000
View Distribution History

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