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HIGH

Simplify Enhanced Income ETF

as of 06/18/2024

NAV

$ 24.48

NAV Change

+ $ 0.00 /0.00%

Price

$ 24.48

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 06/18/2024

Ticker Symbol
HIGH
Gross Expense Ratio
0.51%
CUSIP
82889N632
Total Assets
$431,456,455.06
Shares Outstanding
17,625,001
Distribution Yield as of 05/31/2024 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.
6.87%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 05/31/2024
4.82%
Portfolio Duration
0.09
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 06/18/2024
0.00%
NAV Per Share as of 06/18/2024
$24.48
Market Price as of 06/18/2024
$24.48
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$24.48/$24.49
Midpoint Price
$24.49
Volume
96,973
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 05/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.06% 1.81% 3.80% 3.10% 7.10% 11.66%
Market Price 1.07% 1.86% 3.77% 2.99% 7.09% 11.20%
Annualized 1 Year 3 Year Since Inception
NAV 7.10% 7.17%
Market Price 7.09% 6.91%
Cumulative 1 Year Since Inception
NAV 7.48% 10.10%
Market Price 7.67% 9.76%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 7.48% 6.98%
Market Price 7.67% 6.77%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
196
56
Days Traded at Discount
54
5

Portfolio Holdings

Ticker Name Quantity Weight
ARKK US 06/28/24 C46.5 ARKK Jun 2024 46 Call -15852 -0.04%
ARKK US 06/28/24 C48.5 ARKK Jun 2024 48 Call 15852 0.01%
ARKK US 06/28/24 P39 ARKK Jun 2024 39 Put 15852 0.01%
ARKK US 06/28/24 P41 ARKK Jun 2024 41 Put -15852 -0.04%
GDXJ US 06/28/24 C44 GDXJ Jun 2024 44 Call -11417 -0.07%
GDXJ US 06/28/24 C48 GDXJ Jun 2024 48 Call 11417 0.02%
SPXW US 06/21/24 C5545 SPXW Jun 2024 5545 Call 531 0.02%
SPXW US 06/24/24 P5000 SPXW Jun 2024 5000 Put -425 0.00%
SPXW US 06/24/24 P5200 SPXW Jun 2024 5200 Put 425 0.00%
SPXW US 06/28/24 C5580 SPXW Jun 2024 5580 Call 76 0.01%
T Bills B 06/25/24 40500000 9.38%
T Bills B 07/05/24 181300000 41.93%
T Bills B 08/13/24 209900000 48.27%
- Estimated Cash 2135263 0.49%

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
$0.14000 $0.00000 $0.00000 $0.00000 $0.14000
$0.14000 $0.00000 $0.00000 $0.00000 $0.14000
$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
View Distribution History

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