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Morningstar

Simplify High Yield PLUS Credit Hdg ETF CDX

Morningstar Analyst Rating
Quantitative rating as of | See Simplify Asset Management Investment Hub

Morningstar’s Analysis CDX

Will CDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Simplify High Yield PLUS Credit Hdg ETF's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CDX

More CDX Holdings
  • Current Portfolio Date Feb 28, 2023
  • Equity Holdings 2
  • Bond Holdings 2
  • Other Holdings 6
  • % Assets in Top 10 Holdings −0.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares iBoxx $ High Yield Corp Bd ETF

103.13
36,759,910
—

United States Treasury Bills 0%

63.91
22,782,306
Government

United States Treasury Bills 0%

36.24
12,917,532
Government

Ms Qual Basket

31.18
11,113,270
—

Ms Junk Basket Short

28.32
10,094,662
—

Xsp Us 04/21/23 P396

0.03
12,096
—

Spxw Us 03/17/23 P3780

< 0.01
1,495
—

Ms Junk Basket Short

−26.74
−9,531,725
—

Ms Qual Basket

−32.48
−11,577,104
—

iShares iBoxx $ High Yield Corp Bd ETF

−103.60
−36,927,606
—