Simplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETFSimplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETFSimplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETF

Simplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETF

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Key stats


Assets under management (AUM)
‪79.24 M‬USD
Fund flows (1Y)
‪−16.37 M‬USD
Dividend yield (indicated)
9.73%
Discount/Premium to NAV
−0.6%

About Simplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETF


Issuer
Simplify Asset Management, Inc.
Brand
Simplify
Expense ratio
1.00%
Home page
Inception date
Jun 13, 2023
Index tracked
No Underlying Index
Management style
Active
EQLS neutralizes equity exposure through long and short positions using total return swaps. Companies in the fund's swap basket are selected using a machine learning-powered quantitative ranking system. The system considers over 500 fundamental factors based on forward-looking return expectations. The fund typically includes 100 stocks with the best expected returns in the long basket and 100 stocks with the lowest expected returns in the short basket. The swaps provide the fund with approximately 200% equity exposure on both its long and short baskets. The 200% long and short positions are not direct hedges, and the adviser constructs the portfolio such that the fund will achieve a market-neutral result. The actively managed fund typically rebalances monthly based on the ranking system, although the adviser has the discretion to rebalance more frequently. The adviser may also tactically shift the fund's net long/short equity exposure.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Market neutral
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government99.18%
Miscellaneous0.80%
Cash0.02%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.