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HIGH

Simplify Enhanced Income ETF

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As of 01/02/2026

NAV

$ 22.34

NAV Change

- $ 0.01 /0.04%

Price

$ 22.32

Price Change

+ $ 0.01 /0.04%
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.
 
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Fund Overview

As of 01/02/2026

Ticker Symbol
HIGH
Expense Ratio
0.50%
CUSIP
82889N632
Total Assets
$150,796,190.36
Shares Outstanding
6,750,001
Distribution Rate as of 11/30/2025 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.
7.89%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 11/30/2025
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2025
3.78%
Portfolio Duration
0.22
Options Available
No
Inception Date
10/27/2022
Premium/Discount (%) as of 01/02/2026
-0.09%
NAV Per Share as of 01/02/2026
$22.34
Market Price as of 01/02/2026
$22.32
30-Day Median Bid-Ask Spread
0.18%
Bid/Ask
$22.31/$22.37
Midpoint Price
$22.34
Volume
13,868
NAV Symbol
HIGH.NV
IOPV Symbol
HIGH.IV
Shares Out. Symbol
HIGH.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distribution includes an estimated 8% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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 Expenses0.00%
Total Annual Fund Operating Expenses0.50%

Fund Performance (Total Return)

As of 11/30/2025 09/30/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -0.91% 0.71% -0.70% 5.98% 4.12% 16.81%
Market Price -0.47% 0.99% -0.41% 6.48% 4.54% 16.73%
Annualized 1 Year 3 Year Since Inception
NAV 4.12% 5.25% 5.15%
Market Price 4.54% 5.35% 5.13%
Cumulative 1 Year Since Inception
NAV 5.89% 16.79%
Market Price 5.84% 16.18%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 5.89% — — 5.45%
Market Price 5.84% — — 5.26%
Calendar Year NAV Market Price
2024 1.77% 1.52%
2023 7.51% 7.70%
2022 — —
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.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2025 4th Quarter of 2025
Days Traded at Premium
110
30
Days Traded at Discount
140
34
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.

Portfolio Holdings

As of 01/02/2026

Holdings - All ETFs
Ticker Name Quantity Weight
SBIL SIMPLIFY E GOVT MONEY MKT ETF 1,171,881 77.81%
NDXP US 01/14/26 P23100 NDXP Jan 2026 23100 Put 15 0.01%
NDXP US 01/14/26 P24100 NDXP Jan 2026 24100 Put -15 -0.04%
NDXP US 01/16/26 P23000 NDXP Jan 2026 23000 Put 15 0.01%
NDXP US 01/16/26 P24000 NDXP Jan 2026 24000 Put -15 -0.05%
RUTW US 01/14/26 P2275 RUTW Jan 2026 2275 Put 157 0.01%
RUTW US 01/14/26 P2375 RUTW Jan 2026 2375 Put -157 -0.02%
RUTW US 01/16/26 P2290 RUTW Jan 2026 2290 Put 156 0.01%
RUTW US 01/16/26 P2390 RUTW Jan 2026 2390 Put -156 -0.05%
SPXW US 01/07/26 C6915 SPXW Jan 2026 6915 Call 215 0.09%
SPXW US 01/07/26 P6660 SPXW Jan 2026 6660 Put 221 0.01%
SPXW US 01/09/26 C6950 SPXW Jan 2026 6950 Call 193 0.08%
SPXW US 01/09/26 P6615 SPXW Jan 2026 6615 Put 193 0.02%
SPXW US 01/14/26 P6300 SPXW Jan 2026 6300 Put 51 0.00%
SPXW US 01/14/26 P6600 SPXW Jan 2026 6600 Put -51 -0.02%
SPXW US 01/16/26 P6310 SPXW Jan 2026 6310 Put 51 0.01%
SPXW US 01/16/26 P6610 SPXW Jan 2026 6610 Put -51 -0.03%
SPXW US 01/23/26 C6925 SPXW Jan 2026 6925 Call 51 0.15%
SPXW US 03/20/26 C7275 SPXW Mar 2026 7275 Call 55 0.10%
T Bills UNITED STS TREAS BILLS 0.0 24FEB26 3,000,000 1.98%
T Bills UNITED STS TREAS BILLS 0.0 17MAR26 9,300,000 6.13%
T Bills UNITED STS TREAS BILLS 0.0 31MAR26 1,500,000 0.99%
T Bills UNITED STS TREAS BILLS 0.0 14APR26 17,850,000 11.72%
T Bills UNITED STS TREAS BILLS 0.0 28APR26 900,000 0.59%
- Estimated Cash 730,489 0.48%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.13000
$0.15000
$0.15000
$0.15000
$0.16000
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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