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DINE

GradeCNASDAQ Global Select

Simplify Tax Aware Diversified Income Strategy ETF

Multi-Asset & Alternatives · Simplify · Inception 2026-05-04

$24.88−0.18 (−0.70%)

As of Sep 23, 2026, 2:49 PM EDT

History starts May 5, 2026.History starts May 5, 2026.History starts May 5, 2026.
Intraday session: down, 5 prints from 25.06 to 24.88. Range 24.84 to 25.02. Use the arrow keys to read each point.$24.85$24.95$25.0010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$3M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
13
Volume · 30D
0M sh
NAV per share
$25.05
52W range
low $24.87high $25.41

The ETF.net DINE Grade

C

40/ 100

Rank 11 of 15 in Multi-Asset Income⁠

Confidence Medium

Six-pillar profile for DINE. Scores out of 100: Cost 96, Risk 58, Mission not scored, Tradability 17, Holdings not scored, Durability 26. Strongest: Cost (96). Weakest: Tradability (17). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned64This cap took−24Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 96
    Category rank1/15 · top 7%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 58
    Category rank7/15 · top 47%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 17
    Category rank15/15 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank14/15 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on DINE

ETF.net Research

CAn income fund engineered to pay out as little as possible. Simplify routes exposure to its own income ETFs through year-plus swaps, aiming to convert coupons and option premium into long-term capital gains rather than annual taxable payouts.

Stated mandate

DINE seeks capital appreciation through a diversified portfolio of income-based strategies, including fixed income, option-based, equity-income, and currency-income approaches, with tax-management techniques intended to reduce tax impact.

Why people hold it

  1. 01Exposure comes through swaps on Simplify ETFs with tenors of at least one year, so gains at expiration are eligible for long-term capital gains treatment.simplify.us
  2. 02One ticker stacks enhanced core fixed income, credit-hedged high yield, option income, equity income and currency strategies instead of five separate line items.simplify.us
  3. 03A 0.25% expense ratio, well under the typical multi-asset allocation fund, for an actively managed multi-strategy sleeve.

Worth knowing

  1. 01Launched in 2026 with a small asset base and thin trading, so spreads can be wide and the price you pay may sit away from the fund's net asset value.
  2. 02Designed to hold income inside the fund, not hand it over: distributions land annually or semiannually, so it is not a monthly-paycheck vehicle.simplify.us
  3. 03The tax angle depends on swap contracts and their counterparties working as intended, and the short history leaves little data on behavior under stress.simplify.us

DINE Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Stocks
Holdings
13
Top-10 weight
200%
Largest holding
B 1/28/27 Govt50.2%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—B 1/28/27 Govt50.16%1,275,000$1M31
002—B 12/3/26 Govt49.49%1,250,000$1M32
003—TRS SBAR SOFR +93 060427 BULLET25.59%25,000$641K1
004—TRS AGGH SOFR +93 060427 BULLET24.08%30,933$603K1
005—TRS FOXY SOFR +93 060427 BULLET19.28%17,262$483K2
006—TRS BUCK SOFR +93 060427 BULLET14.89%15,968$373K2
007—TRS CDX SOFR +93 060427 BULLET14.45%17,651$362K1
008—Cash1.23%30,816$31K104
009—B 12/31/26 Govt1.18%30,000$30K27

Showing 1–9 of 9 holdings

DINE Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DINE$9,915
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. DINE $9,915. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DINE. Periods over one year show the average yearly return.
PeriodDINE
Year to dateFund launched this year—
1 month+0.1%
3 months−0.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DINE
YearReturn barDINE
2026 YTD+0.4%

History from May 5, 2026

DINE in the news

ETF.net Research hasn’t filed on DINE yet — coverage lands here as it’s written.

DINE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 25, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.05

DINE Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.21
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DINE Cost

Expense ratio0.25%
  • The middle half of Multi-Asset Income funds
  • Median 0.65%

No Multi-Asset Income fund charges less.

DINE costs $25.00 a year on $10,000. The median Multi-Asset Income fund costs $65.00.