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HIGH

Simplify Enhanced Income ETF

as of 02/21/2024

NAV

$ 24.58

NAV Change

+ $ 0.01 /0.04%

Price

$ 24.61

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 02/21/2024

Ticker Symbol
HIGH
Gross Expense Ratio
0.51%
CUSIP
82889N632
Total Assets
$362,002,183.46
Shares Outstanding
14,725,001
Distribution Yield as of 01/31/2024 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.
9.81%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 01/31/2024 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.
4.82%
Unsubsidized 30-Day SEC Yield as of 01/31/2024
4.82%
Portfolio Duration
0.11
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 02/21/2024
0.10%
NAV Per Share as of 02/21/2024
$24.58
Market Price as of 02/21/2024
$24.61
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$24.60/$24.61
Midpoint Price
$24.61
Volume
379,781
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 01/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.57% 1.49% 3.00% 0.57% 6.87% 8.91%
Market Price 0.65% 1.67% 3.05% 0.65% 7.42% 8.69%
Annualized 1 Year 3 Year Since Inception
NAV 6.87% 6.99%
Market Price 7.42% 6.84%
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
ASHR US 02/23/24 C24 ASHR Feb 2024 24 Call -3726 -0.01%
ASHR US 02/23/24 C25 ASHR Feb 2024 25 Call 3726 0.00%
IWM US 02/23/24 C215 IWM Feb 2024 215 Call 1173 0.00%
IWM US 03/01/24 C212 IWM Mar 2024 212 Call -446 0.00%
IWM US 03/01/24 C217 IWM Mar 2024 217 Call -1380 0.00%
IWM US 03/01/24 C220 IWM Mar 2024 220 Call 446 0.00%
IWM US 03/01/24 C225 IWM Mar 2024 225 Call 1380 0.00%
KWEB US 03/01/24 C27 KWEB Mar 2024 27 Call -2557 -0.01%
KWEB US 03/01/24 C28 KWEB Mar 2024 28 Call -7719 -0.02%
KWEB US 03/01/24 C28.5 KWEB Mar 2024 28 Call 2557 0.00%
KWEB US 03/01/24 C29.5 KWEB Mar 2024 29 Call 7719 0.05%
SPXW US 03/01/24 P4475 SPXW Mar 2024 4475 Put 479 0.01%
SPXW US 03/01/24 P4770 SPXW Mar 2024 4770 Put -479 -0.04%
USO US 02/23/24 C77 USO Feb 2024 77 Call -2340 0.00%
USO US 02/23/24 C80 USO Feb 2024 80 Call 2340 0.00%
XBI US 02/23/24 C102 XBI Feb 2024 102 Call 1783 0.00%
XBI US 02/23/24 C98 XBI Feb 2024 98 Call -1783 0.00%
XOP US 03/01/24 C142 XOP Mar 2024 142 Call -453 -0.02%
XOP US 03/01/24 C148 XOP Mar 2024 148 Call -1584 -0.01%
XOP US 03/01/24 C150 XOP Mar 2024 150 Call 453 0.00%
XOP US 03/01/24 C155 XOP Mar 2024 155 Call 1584 0.00%
T Bills WIB 02/29/24 28500000 7.86%
T Bills B 03/28/24 155900000 42.85%
T Bills B 04/02/24 9500000 2.61%
T Bills B 04/11/24 16000000 4.39%
T Bills B 04/16/24 150600000 41.27%
- Estimated Cash 3842063 1.06%

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
$0.06370 $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
$0.04130 $0.00000 $0.00000 $0.15870 $0.20000
$0.04310 $0.00000 $0.00000 $0.15690 $0.20000
View Distribution History

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