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HIGH

Simplify Enhanced Income ETF

as of 03/27/2024

NAV

$ 24.36

NAV Change

+ $ 0.00 /0.00%

Price

$ 24.40

Price Change

+ $ 0.02 /0.08%
The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put and/or call spreads on a variety of equity and fixed income instruments, which may include indices, ETFs or individual securities.

The fund is intended to be an alternative high yield solution, as it seeks to provide significant supplemental income to T-bills with low correlation to traditional credit and duration exposure.

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.
 

HIGH Fund Deep Dive

Fund Overview

As of 03/27/2024

Ticker Symbol
HIGH
Gross Expense Ratio
0.51%
CUSIP
82889N632
Total Assets
$414,186,033.66
Shares Outstanding
17,000,001
Distribution Yield as of 02/29/2024 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.
9.82%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 02/29/2024 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.
4.85%
Unsubsidized 30-Day SEC Yield as of 02/29/2024
4.85%
Portfolio Duration
0.14
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 03/27/2024
0.15%
NAV Per Share as of 03/27/2024
$24.36
Market Price as of 03/27/2024
$24.40
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$24.38/$24.39
Midpoint Price
$24.39
Volume
188,753
NAV Symbol
HIGH.NV
IOPV Symbol
HIGH.IV
Shares Out. Symbol
HIGH.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%
Total Annual Fund Operating Expenses 0.51%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 02/29/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.70% 1.96% 3.02% 1.27% 7.09% 9.67%
Market Price 0.45% 1.88% 2.81% 1.11% 6.92% 9.18%
Annualized 1 Year 3 Year Since Inception
NAV 7.09% 7.14%
Market Price 6.92% 6.79%
Cumulative 1 Year Since Inception
NAV 7.51% 8.30%
Market Price 7.70% 7.99%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 7.51% 7.00%
Market Price 7.70% 6.75%

Historical Premium/Discount

Calendar Year 2023 4th Quarter of 2023
Days Traded at Premium
196
53
Days Traded at Discount
54
10

Portfolio Holdings

Ticker Name Quantity Weight
IWM US 03/28/24 C224 IWM Apr 2024 224 Call 1231 0.00%
IWM US 04/05/24 C221 IWM Apr 2024 221 Call -3589 -0.01%
IWM US 04/05/24 C230 IWM Apr 2024 230 Call 3589 0.00%
IWM US 04/12/24 C220 IWM Apr 2024 220 Call -8224 -0.09%
IWM US 04/12/24 C230 IWM Apr 2024 230 Call 8224 0.01%
KWEB US 03/28/24 C30 KWEB Apr 2024 30 Call 8801 0.00%
SPXW US 04/05/24 P4750 SPXW Apr 2024 4750 Put 637 0.01%
SPXW US 04/05/24 P5050 SPXW Apr 2024 5050 Put -637 -0.02%
SPXW US 04/10/24 P4750 SPXW Apr 2024 4750 Put 641 0.02%
SPXW US 04/10/24 P5050 SPXW Apr 2024 5050 Put -641 -0.06%
XBI US 04/05/24 C105 XBI Apr 2024 105 Call -8143 -0.02%
XBI US 04/05/24 C109 XBI Apr 2024 109 Call 8143 0.02%
XBI US 04/12/24 C102.5 XBI Apr 2024 102 Call -5866 -0.06%
XBI US 04/12/24 C106 XBI Apr 2024 106 Call 5866 0.02%
XOP US 04/05/24 C162 XOP Apr 2024 162 Call -4019 -0.01%
XOP US 04/05/24 C170 XOP Apr 2024 170 Call 4019 0.00%
XOP US 04/12/24 C162 XOP Apr 2024 162 Call -1458 -0.01%
XOP US 04/12/24 C170 XOP Apr 2024 170 Call 1458 0.00%
T Bills B 04/02/24 13500000 3.26%
T Bills B 04/11/24 13000000 3.13%
T Bills B 04/16/24 153100000 36.86%
T Bills B 04/30/24 30500000 7.33%
T Bills B 06/06/24 6000000 1.43%
T Bills B 06/25/24 199000000 47.43%
B B 03/28/24
- Estimated Cash 3043752 0.73%

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
$0.16000 $0.00000 $0.00000 $0.00000 $0.16000
$0.20000 $0.00000 $0.00000 $0.00000 $0.20000
$0.06370 $0.00000 $0.00000 $0.13630 $0.20000
$0.18052 $0.01948 $0.00742 $0.00000 $0.20742
$0.04710 $0.00000 $0.00000 $0.15290 $0.20000
View Distribution History

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