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About Simplify Exchange Traded Funds Simplify Opportunistic Income ETF
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Inception date
Jun 26, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
CRDT builds an income-producing portfolio using fundamental, bottom-up research to provide current income and long-term capital appreciation, secondarily. The fund has a long leash, holding investment-grade and high-yield, as well as distressed securities, capped at 15%. Investments have a wide range of fixed-income securities, including US and foreign corporate bonds and preferred stocks, bank loans, and US treasury bonds of different maturities, durations, and quality requirements. Emerging markets investments and holdings rated as CCC and below are capped at 10%. The fund may use derivatives, such as US treasury futures contracts, swap agreements, swaptions, and credit default swaps to hedge interest rates or default risk exposure. At the sub-adviser's discretion, portfolio adjustment may occur based on declining prospects, asset reallocation, or more attractive risk-return opportunities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Corporate
Securitized
Government
Stocks11.64%
Finance11.59%
Consumer Services0.05%
Bonds, Cash & Other88.36%
Corporate33.77%
Securitized30.98%
Government14.78%
Cash6.24%
Rights & Warrants1.72%
Miscellaneous0.87%
Stock breakdown by region
North America97.69%
Latin America1.00%
Africa0.86%
Europe0.45%
Asia0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CRDT invests in bonds. The fund's major sectors are Corporate, with 33.77% stocks, and Securitized, with 30.98% of the basket. The assets are mostly located in the North America region.
CRDT shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on Jun 26, 2023, and its management style is Active.
CRDT expense ratio is 1.48% meaning you'd have to pay 1.48% of your investment to help manage the fund.
CRDT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CRDT invests in bonds.