Simplify Hedged Equity ETF
HEQT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 10845 Griffith Peak Drive Las Vegas NV United States of America 89135
- IPO Date
- Nov 2, 2021
- CIK
- 0001810747
- Website
- simplify.us
- Similar Companies
- Business
- Simplify Hedged Equity ETF (HEQT) is an actively managed exchange-traded fund that seeks capital appreciation through exposure to U.S. large-cap equities while employing put-spread collars to hedge downside risk and reduce volatility. Launched on November 1, 2021, by Simplify Asset Management, Inc., headquartered in Las Vegas, Nevada, HEQT primarily invests in ETFs tracking the S&P 500 Index, such as the iShares Core S&P 500 ETF (IVV), overlaid with a ladder of three put-spread collars expiring over sequential months; each collar consists of approximately 5% to 20% out-of-the-money put spreads funded by selling calls, covering 100% notional of the equity exposure to create conservative, lower-volatility equity investments with upside participation and robust rebalancing. The fund, with net assets exceeding $300 million and an expense ratio of 0.44%, pays quarterly dividends and targets investors seeking risk-managed U.S. large-cap equity allocations without issuing Schedule K-1 forms. Simplify Asset Management, founded in 2020 as an SEC-registered investment adviser, issues HEQT as part of its suite of innovative options-based ETFs designed for portfolio risk management and alternative strategies accessible to retail and institutional investors. The firm operates primarily in the United States, serving financial advisors and clients focused on equity convexity and volatility mitigation. In recent developments, Simplify announced estimated capital gain distributions for multiple ETFs, including expectations for year-end payouts in December 2025 across ten funds; additionally, the firm launched new ETFs such as the CTAP ETF combining large-cap U.S. equities with managed futures, the Ancorato Target 25 Distribution ETF (XXV) expanding its barrier income suite, and others like YGLD and SCY in late 2024, alongside a name change for the Simplify Stable Income ETF (BUCK). These expansions reflect Simplify's ongoing strategy to broaden its actively managed ETF offerings amid growing assets under management approaching $4.5 billion as of late 2023, with no major acquisitions, partnerships, or reorganizations specific to HEQT reported in the last 1-2 years.