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SBARSimplify Barrier Income ETF

Get income1y track recordRanked #828 of 1,650 in this goal

Seeks to provide monthly income.

By Simplify Asset Management · Launched 2025

Annual Cost

0.75%

#3,925 of 5,861 · average

Fund Size

$393M

#1,792 of 5,861 · large

Dividend YieldGoal

5.22%

Track Record

1 year

#4,243 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,895+8.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 107.3% of fundconcentrated

Simplify Exchange Traded Funds
81.1%
United States Treasury Bills
12.1%
United States Treasury Bills
5.9%
United States Treasury Bills
3.1%
United States Treasury Bills
2.5%
United States Treasury Bills
0.8%
United States Treasury Bills
0.8%
United States Treasury Bills
0.4%
United States Treasury Bills
0.4%
THE OPTIONS CLEARING CORPORATIONSPXW 260417P06000000
0.2%

Asset allocation

Cash
67.1%
Bonds
34.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
8.2%Low

Year-on-year price swings

Max drawdown
-5.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide monthly income.
Strategy
Actively managed ETF that invests primarily in interest income producing U.S. Government securities and employs an income generating option spread strategy on equity ETFs and equity indexes. Aims to maximize portfolio yield while targeting a duration of two years or less.
Inception date
April 14, 2025
Fund family
Simplify Asset Management

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04