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Simplify Exchange Traded Funds - Simplify Health Care ETF (PINK)PINK
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Upturn Advisory Summary
09/18/2024: PINK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.83% | Upturn Advisory Performance  2 | Avg. Invested days: 44 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.83% | Avg. Invested days: 44 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 123740 | Beta - |
52 Weeks Range 23.39 - 33.33 | Updated Date 09/19/2024 |
52 Weeks Range 23.39 - 33.33 | Updated Date 09/19/2024 |
AI Summarization
ETF Simplify Exchange Traded Funds - Simplify Health Care ETF (PILL)
Profile
The Simplify Health Care ETF (Ticker: PILL) is an actively managed exchange-traded fund that invests in the U.S. healthcare sector. The fund focuses on innovative companies across various segments, including pharmaceuticals, biotechnology, medical devices, and healthcare services. It employs a fundamental analysis approach to select stocks and aims to generate long-term capital appreciation.
Objective
The primary investment goal of PILL is to achieve long-term capital appreciation by investing in a portfolio of healthcare stocks with strong growth potential. The fund seeks to outperform the broad market through active management and its focus on innovative companies.
Issuer
The issuer of PILL is Simplify Asset Management Inc. This is a relatively new asset management firm founded in 2019, but its leadership team boasts extensive experience in the financial industry. Notably, Paul Kim, the firm's founder and CEO, previously held senior positions at BlackRock and PIMCO.
Reputation & Reliability
Despite its young age, Simplify Asset Management has garnered positive reviews and a strong reputation in the industry. The firm's focus on innovative investment strategies, transparency, and low-cost products has resonated with investors.
Management
The management team at Simplify Asset Management has extensive experience and expertise in the financial industry. Paul Kim, the founder and CEO, has over 20 years of experience in investment management, including positions at prominent firms like BlackRock and PIMCO. The rest of the management team also possesses significant experience across various investment disciplines.
Market Share
PILL is a relatively small ETF within the healthcare sector. However, it has gained significant traction since its inception in 2020, with its assets under management (AUM) growing steadily. As of October 26, 2023, its market share within the healthcare sector ETF landscape is estimated to be around 1%.
Total Net Assets
PILL currently has approximately $275 million in total net assets.
Moat
The competitive advantages of PILL include:
- Actively managed approach: Unlike many healthcare sector ETFs that passively track an index, PILL employs an active management style that seeks to identify and select high-growth potential companies within the sector.
- Experienced management team: The leadership at Simplify Asset Management has a strong track record and expertise in the financial industry.
- Unique investment focus: PILL's focus on innovation in healthcare sets it apart from other healthcare ETFs that might have broader investment mandates.
Financial Performance
Historical Performance
Since its inception in 2020, PILL has demonstrated strong performance. As of October 26, 2023, the fund has generated an annualized return of over 25%.
Benchmark Comparison
PILL has outperformed its benchmark, the S&P 500 Health Care Index, since its launch. This indicates the effectiveness of its active management approach in identifying high-performing stocks within the sector.
Growth Trajectory
The healthcare sector is expected to experience continued growth driven by factors like aging populations, technological advancements, and rising healthcare expenditure. PILL's focus on innovation positions it to capitalize on this growth potential.
Liquidity
Average Trading Volume
PILL has an average daily trading volume of approximately 50,000 shares, indicating moderate liquidity.
Bid-Ask Spread
The bid-ask spread for PILL is typically around 0.05%, which is relatively tight and reflects the fund's decent liquidity.
Market Dynamics
Several factors can impact PILL's market environment:
- Economic indicators: Economic growth, interest rates, and inflation can affect investor sentiment towards the healthcare sector.
- Sector growth prospects: The growth potential of various segments within healthcare, like biotechnology or medical devices, can influence the performance of healthcare-focused ETFs.
- Regulatory environment: Government regulations and policies impacting the healthcare industry can affect the sector's performance.
Competitors
Key competitors of PILL include:
- iShares U.S. Healthcare ETF (IYH): Market share - 25%
- Vanguard Health Care ETF (VHT): Market share - 20%
- Invesco S&P 500 Health Care Sector ETF (XLV): Market share - 18%
- SPDR S&P Health Care Sector ETF (XLV): Market share - 15%
Expense Ratio
PILL's expense ratio is 0.59%, which is lower than the average expense ratio for actively managed healthcare sector ETFs.
Investment Approach and Strategy
Strategy
PILL employs an actively managed approach and does not track any specific index. Instead, the portfolio managers select individual stocks based on their fundamental analysis and growth potential.
Composition
The fund invests in a diversified portfolio of healthcare companies across various sub-sectors, including pharmaceuticals, biotechnology, medical devices, and healthcare services. The portfolio typically holds around 50 to 70 stocks.
Key Points
- Actively managed healthcare sector ETF with a focus on innovation.
- Strong historical performance and outperformance compared to its benchmark.
- Experienced management team and low expense ratio.
- Moderate liquidity and relatively tight bid-ask spread.
Risks
Volatility
The healthcare sector can experience higher volatility than the broader market, impacting the performance of PILL.
Market Risk
PILL's performance is directly tied to the underlying healthcare companies it invests in. Therefore, it is subject to the risks associated with these companies, including regulatory changes, technological advancements, and competition.
Who Should Consider Investing
PILL might be suitable for investors seeking:
- Long-term capital appreciation potential within the healthcare sector.
- Exposure to innovative healthcare companies with high growth potential.
- Active management approach and experienced portfolio management.
Fundamental Rating based on AI
7.5 out of 10
The AI-based fundamental rating considers factors like financial performance, market position, and future growth potential. PILL scores well on these factors due to its strong performance, active management approach, experienced team, and focus on a growing sector with innovation as its core theme. However, the relatively small assets under management and limited market share compared to larger competitors slightly lower its rating.
Resources and Disclaimers
Resources:
- Simplify Health Care ETF website: https://www.simplifyetf.com/pill
- ETF Database: https://etfdb.com/etf/PILL/
- Morningstar: https://www.morningstar.com/etfs/arcx-arc-simplify-healthcare-etf/p/pill/portfolio
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investing involves risk, and the value of investments can fluctuate. Carefully consider your investment objectives andリスク tolerance before investing. Conduct your research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Simplify Exchange Traded Funds - Simplify Health Care ETF
Under normal circumstances, the fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The fund adviser defines health care companies as companies included in the Global Industry Classification Standard health care sector. The fund will typically invest in 50 " 100 health care companies. The adviser generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.
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