HIGH

Simplify Enhanced Income ETF

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as of 11/25/2022

NAV

$ 25.14

NAV Change

- $ 0.03 /0.12%

Price

$ 25.14

Price Change

- $ 0.03 /0.12%
The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put or call spreads on the most liquid global equity indices.

The fund is intended to be an alternative high yield solution, as it seeks to provide significant income 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.
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Documents

Fund Overview

As of 11/25/2022

Ticker Symbol
HIGH
Gross Expense Ratio
0.51%
CUSIP
82889N632
Total Assets
$2,513,999.24
Shares Outstanding
100,001
SEC 30-Day Yield as of 10/31/2022 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.
-
Unsubsidized 30-Day SEC Yield as of 10/31/2022
-
Distribution Frequency
Monthly
Distribution Yield as of 11/25/2022 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.
-
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 11/25/2022
0.00%
NAV
$25.14
NAV Per Share as of 11/25/2022
$25.14
Market Price as of 11/25/2022
$25.14
30-Day Median Bid-Ask Spread
0.28%
Bid/Ask
$25.12/$25.18
Midpoint Price
$25.15
Volume
4,270
NAV Symbol
HIGH.NV
IOPV Symbol
HIGH.IV
Shares Out. Symbol
HIGH.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%
Acquired Fund Fees and Expenses2 0.01%
Total Annual Fund Operating Expenses 0.51%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

2. Acquired Fund Fees and Expenses, 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 10/31/2022 09/30/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV — — — — — 0.31%
Market Price — — — — — -0.12%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — —
Market Price — —
Annualized 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.

The Adviser has voluntarily agreed to limit fees. This agreement may change or end at any time. Performance would have been lower without limitations in effect.

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

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
XSP US 12/02/22 C445 XSP Dec 2022 445 Call 87 0.01%
XSP US 12/02/22 C406 XSP Dec 2022 406 Call -87 -0.74%
T Bills TREASURY BILL 0 1/5/2023 610000 24.17%
T Bills B 02/02/23 1750000 69.10%
T Bills TREASURY BILL 0 2/23/2023 150000 5.91%
- Estimated Cash 39342 1.56%

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
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
View Distribution History