Simplify Opportunistic Income ETF (CRDT)
Simplify Opportunistic Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $21.40, down 0.56% on the session, giving a market capitalisation of $32.1M. Its beta of 0.50 implies it has historically moved less than the broad market.
The Simplify Opportunistic Income ETF (CRDT) primarily aims to deliver immediate income, with long-term growth of capital serving as a secondary goal. This actively managed fund employs an opportunistic credit approach, meticulously selecting securities from the high-yield, investment-grade, and distressed debt markets. Its comprehensive investment methodology integrates macroeconomic insights, quantitative analysis, and fundamental research to uncover unique opportunities, striving to generate superior returns (alpha) that enhance the diversification of typical investment portfolios. Asterozoa Capital, an alternative investment specialist, acts as the sub-advisor, bringing expertise in opportunistic investing across various levels of a company's capital structure, with a strong focus on mitigating risks and reducing correlations through careful portfolio design and hedging techniques.
Simplify Opportunistic Income ETF is most often compared with the following Financial Services names: