Simplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETF
No trades
Key stats
About Simplify Exchange Traded Funds Simplify Market Neutral Equity Long/Short ETF
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Inception date
Jun 13, 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.
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
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
Government
Bonds, Cash & Other100.00%
Government99.93%
Cash0.07%
Top 10 holdings
Dividends
Dividend payout history