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Simplify Hedged Equity ETF (HEQT)

28.41 -0.03 (-0.10%)
At close: September 18 at 3:59 PM EDT

ETF Summary

The adviser seeks to achieve the fund’s investment objective by investing primarily in equity securities and applying an option overlay known as a “put/spread collar” strategy. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, primarily by purchasing exchange-traded funds (“ETFs”) that seek to track the investment results of the S&P 500 Index. The fund typically invests at least 80% of the fund’s portfolio in underlying ETFs.

ETF Overview

Category Options Trading
Fund Family Simplify Asset Management
Net Assets 214.77M
YTD Daily Total Return 13.42%
Yield 3.78%
Legal Type Exchange Traded Fund

ETF Operations

Attributes HEQT Category Average
Annual Report Expense Ratio (net) 0.53% 0.92%
Holdings Turnover 1.00% 17.80%
Total Net Assets 315,861.16 315,861.16

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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