PINK

Simplify Health Care ETF

PINK is an actively managed fund of US healthcare stocks and/or ETFs. The fund seeks long-term capital growth and commits to donate its net profit, in the form of its annual management fee to the Susan G. Komen Breast Cancer Foundation.


US

EQUITY

Active

MANAGEMENT STYLE

50 bp

EXPENSES

$128.3 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSimplify Asset Management Inc.
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 07, 2021
Assets (mns)$128
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
SAREPTA THERAPEUTICS INC 9.6 %
ELI LILLY & CO 7.5 %
INSMED INC 6.8 %
UNITEDHEALTH GROUP INC 6.7 %
MERCK & CO. INC. 5.1 %
REGENERON PHARMACEUTICALS 5.0 %
INTUITIVE SURGICAL INC 4.9 %
BOSTON SCIENTIFIC CORP 4.6 %
PURECYCLE TECHNOLOGIES INC 4.5 %
NOVO-NORDISK A/S-SPONS ADR 4.2 %
Constituent Breakdown
Number of holdings53
Herfindahl-Hirschman Index 416
Wgt avg mkt cap (mns)$127,218
Large cap (>$10bn)76.9%
Mid cap ($2-10bn)15.2%
Small cap (<$2bn)7.9%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 89.8 %
DENMARK 5.1 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.3% 20.9% 8.8% -- -- -- 3.5%
Volatility 12.2% 12.9% 15.6% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7363%
MSCI EAFE0.7054%
MSCI Emg Mkts0.3918%
Liquidity Measures
Avg. volume (000)46
Turnover1.1%
Avg. Bid/Ask (% of price)0.15%
ADV of underlying (mns)$17,914
Technical Indicators
Recent close$31.66
30d moving avg.$30.00
Annualized volatility17.5%
Relative strength (RSI)57
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: PINK vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.6 23.7 3.2 0.9% --
Based on closing prices from 6/24/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PINK



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

PINK

3.1%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.1%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 892 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. PINK's ALTAR Score™ is approximately 1.0 standard deviations below the category average. This places PINK in the 17th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
PINK
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PINK 50.0 14.6 64.6
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .