HIGH ETF

The Simplify Enhanced Income ETF uses options spreads to generate higher yields, but recent active trading strategies have led to significant losses. Retail investors must distinguish between fixed income spreads and 'yield enhancement' strategies, which involve profit and loss from active trading. HIGH's strategy suffered in July/August due to the market pricing of rate cuts and HIGH's positioning, nearly wiping out its gains for the year.

Initially, the Simplify Enhanced Income ETF seemed promising, offering a 9% yield by leveraging short-term U.S. treasuries and option spreads. The fund's options spread strategy, however, is too unpredictable and has downside risk that was exposed by the unwinding of the Japanese Yen carry trade. These downside risks make HIGH less attractive, questioning its reliability and suitability for retail investors seeking stable income.

HIGH is a somewhat unique income ETF. It invests in t-bills and option spreads, generating significant income and premiums. HIGH currently yields 9.3%, although returns have slightly trailed behind.

HIGH is an ETF from Simplify Asset Management. It aims to generate monthly income through short-dated option spreads on various equities. The core holdings are Treasury Bills with an overlay of constantly changing options positions. HIGH has had respectable performance in 2024, outperforming Treasury bonds by 70 bps with a low-risk profile, suitable for cash parking instruments.

Fairbanks, Alaska--(Newsfile Corp. - July 10, 2024) - Contango ORE, Inc. (NYSE American: CTGO) ("Contango" or the "Company") and HighGold Mining Inc. (TSXV: HIGH) (OTCQX: HGMIF) ("HighGold") are pleased to announce that Contango has completed its acquisition of HighGold (the "Acquisition") by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA"). The Acquisition was overwhelmingly approved by HighGold securityholders in accordance with the requirements of the BCBCA at a special meeting of HighGold securityholders held on June 27, 2024, and was subsequently approved by the Supreme Court of British Columbia on July 2, 2024.

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - HighGold Mining Inc. (TSXV: HIGH) (OTCQX: HGMIF) ("HighGold" or the "Company") is pleased to announce that the Company has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement (the "Arrangement") involving the Company and Contango ORE, Inc. ("Contango"). In connection with the Arrangement, each shareholder of HighGold (a "HighGold Shareholder") will receive 0.019 of a share in the common stock of Contango in exchange for each common share of HighGold held by such HighGold Shareholder.

HIGH invests in t-bills and option spreads. The strategy aims to generate strong income at low risk and volatility. An overview of the fund follows.

Conservative investors are benefiting from the current macro environment, with cash-like funds offering 5%+ yields. Cash investments have not been profitable in the past decade, but higher interest rates are making them more attractive now. I utilize two funds for my "dry powder" investments, with varying levels of risk and liquidity.

The Simplify Enhanced Income ETF aims to generate high income from selling option spreads on equity and fixed income indices. However, the actual portfolio differs from how the fund is marketed. The HIGH ETF has performed well, returning 7.0% in the past year with low volatility, but investors should monitor its portfolio closely.