Skip to main content

HIGH

Simplify Enhanced Income ETF

as of 05/19/2025

NAV

$ 24.98

NAV Change

- $ 0.02 /0.08%

Price

$ 25.10

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 05/19/2025

Ticker Symbol
HIGH
Gross Expense Ratio
0.52%
CUSIP
82889N632
Total Assets
$186,083,262.61
Shares Outstanding
7,450,001
Distribution Rate as of 04/30/2025 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.
7.61%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 04/30/2025 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 04/30/2025
3.67%
Portfolio Duration
0.18
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 05/19/2025
0.49%
NAV Per Share as of 05/19/2025
$24.98
Market Price as of 05/19/2025
$25.10
30-Day Median Bid-Ask Spread
0.45%
Bid/Ask
$24.96/$25.13
Midpoint Price
$25.05
Volume
37,120
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 Fees0.50%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.02%
Total Annual Fund Operating Expenses0.52%

1. Other Expenses include interest expenses of 0.02%.

Fund Performance (Total Return)

As of 04/30/2025 03/31/2025

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 8.40% 3.11% 4.14% 4.73% 4.47% 15.43%
Market Price 8.98% 3.58% 4.56% 5.29% 4.89% 15.42%
Annualized 1 Year 3 Year Since Inception
NAV 4.47% 5.89%
Market Price 4.89% 5.89%
Cumulative 1 Year Since Inception
NAV -3.27% 6.49%
Market Price -3.50% 5.91%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -3.27% 2.63%
Market Price -3.50% 2.40%

Historical Premium/Discount

Calendar Year 2024 1st Quarter of 2025
Days Traded at Premium
125
10
Days Traded at Discount
127
50

Portfolio Holdings

Ticker Name Quantity Weight
SPXW US 05/21/25 C6000 SPXW May 2025 6000 Call 1,086 0.59%
SPXW US 05/23/25 P5800 SPXW May 2025 5800 Put 344 0.09%
SPXW US 05/30/25 C6000 SPXW May 2025 6000 Call 516 1.27%
SPXW US 06/06/25 C6100 SPXW Jun 2025 6100 Call 852 1.20%
SPXW US 06/30/25 C6200 SPXW Jun 2025 6200 Call 431 0.72%
SPXW US 07/18/25 C6300 SPXW Jul 2025 6300 Call 671 1.07%
T Bills UNITED STS TREAS BILLS 0.0 08JUL25 40,000,000 21.37%
T Bills UNITED STS TREAS BILLS 0.0 29JUL25 1,500,000 0.80%
T Bills UNITED STS TREAS BILLS 0.0 05AUG25 136,500,000 72.69%
- Estimated Cash 373,802 0.20%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.15000
$0.10000
$0.10000
$0.11000
View Distribution History

Register for Simplify's Investor Hub

  • In-depth case studies provide valuable insights into practical portfolio problems and their solutions
  • Simplify curated model portfolios that show investors how to incorporate alternatives into their portfolio
  • Stay up-to-date with our latest thoughts on markets via our weekly market commentaries
Create Your Account
Register Info
Contact Us