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Sunday, August 23, 2026The Morning Brief →Sign in

Simplify Exchange Traded Funds - Simplify Opportunistic Income ETF

$23.45-0.24% today
222452-WK
Price & daily flows
23.723.022.423.45DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +0.4% so far this year. At 0.50% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$32Massets under management
0.50%expense ratio · $50 per $10,000 a year
net flow, trailing month
13Kavg daily volume, 30 days
287holdings
2023listed June 25, 2023 · beta 0.40
The book at a glance
C+1.5%RITM+0.3%ORCLDX-1.7%NLY-0.6%MFA-0.3%FLL+6.1%AGNC-0.3%BHR+2.0%OWL+2.4%ARR+0.1%NGL-1.4%CIM-0.5%CIM-0.5%PMT-0.4%RITM+0.3%AGNC-0.3%0.0%0.1%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1CCITIGROUP0.03%$131.65+1.5%
2RITMRITHM CAPITAL0.10%$10.19+0.3%
3ORCLORACLE0.02%$146.47+3.1%
4DXDYNEX CAPITAL0.05%$13.03-1.7%
5NLYANNALY CAPITAL MANAGEMENT0.04%$23.16-0.6%
6MFAMFA FINANCIAL0.04%$8.91-0.3%
7FLLFULL HOUSE RESORTS0.03%$2.09+6.1%
8AGNCAGNC INVESTMENT0.03%$10.89-0.3%
9BHRBRAEMAR HOTELS & RESORTS0.03%$2.07+2.0%
10OWLBLUE OWL CAPITAL0.02%$11.67+2.4%
11ARRARMOUR RESIDENTIAL REIT0.02%$16.34+0.1%
12NGLNGL ENERGY PARTNERS LP0.03%$16.81-1.4%
13CIMCHIMERA INVESTMENT0.04%$11.52-0.5%
14CIMCHIMERA INVESTMENT0.04%$11.52-0.5%
15PMTPENNYMAC MORTGAGE INVESTMENT TRUST0.02%$9.35-0.4%

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Sector weights
Cash & Others100%
Real Estate88.2%
Government42.39%
ETF24.67%
Corporate23.69%
Finance9.68%
Securitized5.15%
Industrials3.27%
Financial Services3.22%
Mutual fund2.16%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States92.71%
Other92.4%
Poland5.13%
Hungary1.32%
Germany0.29%
Czech Republic0.2%
Austria0.18%
Ireland0.14%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.6%
1 month+2.5%
3 months+1.9%
6 months+0.0%
YTD+0.4%
1 year-2.8%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
10%realized volatility, 30 days (annualized)
10%realized volatility, 1 year
-9.3%deepest fall from a peak, 1 year
-2.9%where it sits vs. that peak today

The top holding is 0.1% of the book; the top ten carry 0%. Spread across 37+ names, it behaves like roughly 26 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against CRDT

Due diligence cuts both ways. These funds sit on the same shelf and beat CRDT on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
DIVB iShares U.S. Dividend and Buyback ETF0.05%$1.9B+$136M-45bp on fee · 58× the assets · +$136M in over the monthHead-to-head
HDV iShares Core High Dividend ETF0.08%$15.1B+$209M-42bp on fee · 477× the assets · +$209M in over the monthHead-to-head
SCHD Schwab U.S. Dividend Equity ETF0.06%$60.6B-44bp on fee · 1908× the assetsHead-to-head
VYM Vanguard High Dividend Yield Index Fund0.06%$58.1B-44bp on fee · 1830× the assetsHead-to-head
DGRO iShares Core Dividend Growth ETF0.08%$43.6B−$50M-42bp on fee · 1373× the assetsHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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