Simplify Bitcoin Strategy PLUS Income ETF
The fund is an actively managed exchange-traded fund (an "ETF"). The fund's adviser seeks to achieve its investment objective by using three strategies: (1) a Bitcoin futures strategy, (2) an income strategy, and (3) an option overlay strategy. Even though the adviser employs three strategies, the fund's portfolio is composed primarily of income producing securities. It is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET — OVER THIS RANGE
Flows are quiet — the past month netted out near zero, while the price has returned -33.0% so far this year. At 11.18% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | IBITiShares Bitcoin Trust ETF | 0.58% | $38.77 | +6.0% | ||
| 2 | —B 10/27/26 Govt | 0.36% | — | — | — | |
| 3 | 3348500833485008 | 0.00% | — | — | — | |
| 4 | 3121677531216775 | 0.00% | — | — | — | |
| 5 | 3170277431702774 | 0.00% | — | — | — | |
| 6 | 3270942132709421 | 0.00% | — | — | — | |
| 7 | 3062209030622090 | 0.01% | — | — | — | |
| 8 | 3063151530631515 | 0.01% | — | — | — | |
| 9 | 3347117133471171 | 0.00% | — | — | — | |
| 10 | —Cash | 0.05% | — | — | — |
| 1 week | +13.1% |
| 1 month | +7.5% |
| 3 months | -10.4% |
| 6 months | -5.3% |
| YTD | -33.0% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 0.6% of the book; the top ten carry 1%. Spread across 10+ names, it behaves like roughly 2 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| IBIT iShares Bitcoin Trust ETF | $96M | $85M |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
Due diligence cuts both ways. These funds sit on the same shelf and beat MAXI on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| DIVB iShares U.S. Dividend and Buyback ETF | 0.05% | $1.9B | +$136M | -1113bp on fee · 74× the assets · +$136M in over the month | Head-to-head |
| HDV iShares Core High Dividend ETF | 0.08% | $15B | +$214M | -1110bp on fee · 601× the assets · +$214M in over the month | Head-to-head |
| SCHD Schwab U.S. Dividend Equity ETF | 0.06% | $60.6B | — | -1112bp on fee · 2423× the assets | Head-to-head |
| VYM Vanguard High Dividend Yield Index Fund | 0.06% | $58.1B | — | -1112bp on fee · 2323× the assets | Head-to-head |
| DGRO iShares Core Dividend Growth ETF | 0.08% | $43.6B | −$50M | -1110bp on fee · 1743× the assets | Head-to-head |