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HIGH

Simplify Enhanced Income ETF

as of 01/17/2025

NAV

$ 23.33

NAV Change

+ $ 0.09 /0.39%

Price

$ 23.34

Price Change

+ $ 0.09 /0.39%
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 01/17/2025

Ticker Symbol
HIGH
Gross Expense Ratio
0.52%
CUSIP
82889N632
Total Assets
$243,210,615.34
Shares Outstanding
10,425,001
Distribution Rate as of 12/31/2024 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.
5.73%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 12/31/2024 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 12/31/2024
4.29%
Portfolio Duration
0.19
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 01/17/2025
0.04%
NAV Per Share as of 01/17/2025
$23.33
Market Price as of 01/17/2025
$23.34
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$23.33/$23.35
Midpoint Price
$23.34
Volume
176,563
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 0.02%
Total Annual Fund Operating Expenses 0.52%
1. Other Expenses include interest expenses of 0.02%.

Fund Performance

As of 12/31/2024 12/31/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.76% -0.07% -1.52% 1.77% 1.77% 10.21%
Market Price -1.83% -0.14% -1.67% 1.52% 1.52% 9.62%
Annualized 1 Year 3 Year Since Inception
NAV 1.77% 4.57%
Market Price 1.52% 4.31%
Cumulative 1 Year Since Inception
NAV 1.77% 10.21%
Market Price 1.52% 9.62%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 1.77% 4.57%
Market Price 1.52% 4.31%

Historical Premium/Discount

Calendar Year 2024 4th Quarter of 2024
Days Traded at Premium
125
8
Days Traded at Discount
127
56

Portfolio Holdings

Ticker Name Quantity Weight
GLD US 01/29/25 P231 GLD Jan 2025 231 Put 2,850 0.01%
GLD US 01/29/25 P240 GLD Jan 2025 240 Put -2,850 -0.03%
GLD US 01/31/25 P229 GLD Jan 2025 229 Put 2,299 0.01%
GLD US 01/31/25 P240 GLD Jan 2025 240 Put -2,299 -0.06%
MSTR US 01/24/25 P200 MSTR Jan 2025 200 Put 486 0.00%
MSTR US 01/24/25 P250 MSTR Jan 2025 250 Put 514 0.02%
MSTR US 01/24/25 P260 MSTR Jan 2025 260 Put -486 -0.02%
MSTR US 01/24/25 P300 MSTR Jan 2025 300 Put -514 -0.04%
MSTR US 01/31/25 P220 MSTR Jan 2025 220 Put 395 0.02%
MSTR US 01/31/25 P250 MSTR Jan 2025 250 Put 516 0.04%
MSTR US 01/31/25 P285 MSTR Jan 2025 285 Put -395 -0.05%
MSTR US 01/31/25 P300 MSTR Jan 2025 300 Put -516 -0.09%
NDXP US 01/22/25 P19400 NDXP Jan 2025 19400 Put 14 0.00%
NDXP US 01/22/25 P20450 NDXP Jan 2025 20450 Put -14 0.00%
NDXP US 01/29/25 P19200 NDXP Jan 2025 19200 Put 25 0.00%
NDXP US 01/29/25 P20200 NDXP Jan 2025 20200 Put -25 -0.02%
NDXP US 01/31/25 P19000 NDXP Jan 2025 19000 Put 24 0.01%
NDXP US 01/31/25 P20050 NDXP Jan 2025 20050 Put -24 -0.03%
NDXP US 02/05/25 P19000 NDXP Feb 2025 19000 Put 21 0.01%
NDXP US 02/05/25 P20175 NDXP Feb 2025 20175 Put -21 -0.05%
RUTW US 01/24/25 P2000 RUTW Jan 2025 2000 Put 220 0.00%
RUTW US 01/24/25 P2135 RUTW Jan 2025 2135 Put -220 -0.01%
RUTW US 01/29/25 P2030 RUTW Jan 2025 2030 Put 234 0.01%
RUTW US 01/29/25 P2140 RUTW Jan 2025 2140 Put -234 -0.03%
RUTW US 01/31/25 P2015 RUTW Jan 2025 2015 Put 203 0.01%
RUTW US 01/31/25 P2140 RUTW Jan 2025 2140 Put -203 -0.04%
SPXW US 01/22/25 P5450 SPXW Jan 2025 5450 Put 50 0.00%
SPXW US 01/22/25 P5700 SPXW Jan 2025 5700 Put 177 0.00%
SPXW US 01/22/25 P5740 SPXW Jan 2025 5740 Put -50 0.00%
SPXW US 01/24/25 C6090 SPXW Jan 2025 6090 Call 926 0.29%
SPXW US 01/24/25 P5700 SPXW Jan 2025 5700 Put 224 0.01%
SPXW US 01/29/25 P5475 SPXW Jan 2025 5475 Put 104 0.01%
SPXW US 01/29/25 P5720 SPXW Jan 2025 5720 Put -104 -0.02%
SPXW US 01/31/25 P5430 SPXW Jan 2025 5430 Put 90 0.01%
SPXW US 01/31/25 P5710 SPXW Jan 2025 5710 Put -90 -0.03%
SPXW US 02/05/25 P5400 SPXW Feb 2025 5400 Put 76 0.01%
SPXW US 02/05/25 P5725 SPXW Feb 2025 5725 Put -76 -0.04%
T Bills UNITED STS TREAS BILLS 0.0 20FEB25 500,000 0.20%
T Bills UNITED STS TREAS BILLS 0.0 13MAR25 49,000,000 20.03%
T Bills UNITED STS TREAS BILLS 0.0 10APR25 194,000,000 79.03%
B UNITED STS TREAS BILLS 0.0 25FEB25
- Estimated Cash 2,053,778 0.84%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.11000
$0.14000
$0.14000
$0.14000
$0.15000
Recent Distribution Disclosure
View Distribution History Supplemental Tax Information: S19(a) Notices

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