HEQT

Simplify Hedged Equity ETF

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as of 05/20/2022

NAV

$ 22.93

NAV Change

- $ 0.01 /0.04%

Price

$ 22.93

Price Change

+ $ 0.00 /0.00%
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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Fund Overview

As of 05/20/2022

Ticker Symbol
HEQT
Gross Expense Ratio
0.53%
CUSIP
82889N764
Total Assets
$32,671,403.88
Shares Outstanding
1,425,001
SEC 30-Day Yield as of 04/30/2022
0.86%
Distribution Frequency
N/A
Options Available
No
Inception Date
11/01/2021
Premium/Discount (%) as of 05/20/2022
0.01%
NAV
$22.93
NAV Per Share as of 05/20/2022
$22.93
Market Price as of 05/20/2022
$22.93
30-Day Median Bid-Ask Spread
0.26%
Bid/Ask
$22.91/$22.98
Midpoint Price
$22.95
Volume
1,480
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 Expenses1 0.00%
Interest Expense 0.00%
Acquired Fund Fees and Expenses2 0.03%
Total Annual Fund Operating Expenses 0.53%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

2. 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 04/30/2022 03/31/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV -4.47% -5.21% — — -6.28%
Market Price -4.61% -5.00% — — -6.55%
Cumulative 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — -1.90%
Market Price — -2.04%
Cumulative 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
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 2021 1st Quarter of 2022
Days Traded at Premium
12
31
Days Traded at Discount
30
31
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 79342 95.03%
SPX US 06/17/22 P4180 S&P 500 Index Jun 2022 4180 Put 27 2.45%
SPX US 06/17/22 C4560 S&P 500 Index Jun 2022 4560 Call -27 0.00%
SPX US 06/17/22 P3520 S&P 500 Index Jun 2022 3520 Put -27 -0.19%
SPX US 07/15/22 P4225 S&P 500 Index Jul 2022 4225 Put 27 2.94%
SPX US 07/15/22 C4600 S&P 500 Index Jul 2022 4600 Call -27 -0.02%
SPX US 07/15/22 P3560 S&P 500 Index Jul 2022 3560 Put -27 -0.48%
SPX US 08/19/22 P3715 S&P 500 Index Aug 2022 3715 Put 28 1.13%
SPX US 08/19/22 P3150 S&P 500 Index Aug 2022 3150 Put -28 -0.31%
SPX US 08/19/22 C4110 S&P 500 Index Aug 2022 4110 Call -28 -0.84%
- Estimated Cash 91904 0.28%

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
$0.06905 $0.00000 $0.00000 $0.00000 $0.06905
View Distribution History