The adviser seeks to achieve the fund"s investment objective by investing in high yield bonds also known as "junk bonds" primarily by purchasing exchange traded funds and applying a credit hedge derivatives strategy to the fund"s investments. Under normal circumstances, the fund will invest at least 80% of its net assets in high yield securities. The fund may invest up to 20% of its portfolio in derivatives.
Frequently asked questions
What is the Simplify Exchange Traded Funds (CDX) expense ratio?
The Simplify Exchange Traded Funds funds expense ratio is 0.26%.
What is Simplify Exchange Traded Funds (CDX) current stock price?
As of the latest data, Simplify Exchange Traded Funds stock price is $20.56, with a previous close of $20.57. Simplify Exchange Traded Funds lost -$0.01 in the last trading session, representing a -0.06% loss.
Does Simplify Exchange Traded Funds (CDX) pay dividends?
Yes. Simplify Exchange Traded Funds pays monthly dividends with an annualized yield of 8.27% and an estimated annual payout of $1.70 per share.