DINE vs FTHB

DINECSimplify Tax Aware Diversified Income Strategy ETF

FTHBCFIS Faith Income ETF

In short

DINE Most income funds hand you ordinary income and a tax bill. DINE routes bond, options, equity and currency income sleeves through year-plus swaps so gains can qualify as long-term capital gains. 0.15% net of a waiver through April 5, 2027.

FTHB Faith-based investing is mostly a stock story. FTHB brings the biblical screen to core bonds: Treasuries, investment-grade corporates and securitized debt, actively picked, with a framework built alongside Grand Canyon University.

Stated mandate

DINE 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.

FTHB The Fund seeks current income and treats long-term capital appreciation as a secondary objective.

Why people hold it

• DINE Cheapest headline fee among the category's leaders: 0.15% net of a waiver through April 5, 2027 (0.25% gross), against 0.38% for INCM and 0.50% for IYLD, INKM and ALTY.simplify.us
• Instead of holding positions directly, it takes exposure via swaps on Simplify ETFs with tenors of at least one year, so gains at expiration can be eligible for long-term capital gains treatment.simplify.us
• Four income engines in one line item: enhanced core fixed income, option-based income, equity income and foreign currency income, actively run by Simplify.simplify.us

• FTHB Applies the faith screen where it is rare: bonds. At least 80% of net assets go into fixed income issued by biblically aligned companies.sec.govfaithinvestorservices.com
• The screening framework came out of a research collaboration with Grand Canyon University's business college, with finance and theology students doing the legwork.businesswire.comfaithinvestorservices.com
• Sub-advised by Asterozoa Capital Management, a credit specialist running active selection across corporate debt and securitized products rather than tracking an index.sec.govfaithinvestorservices.com

Worth knowing

• DINE Launched in 2026, it is a small, thinly traded fund, so spreads can be wider than the category's long-running names and there is little history to judge.
• Swaps instead of direct holdings means counterparty and derivatives risk, and the tax design leans on holding those swaps to expiration under current tax rules.simplify.us
• The stated goal is capital appreciation and payouts come annually or semiannually, not monthly, so this is not a steady-paycheck vehicle.

• FTHB Launched in 2026, and the issuer discloses that the adviser and sub-adviser have limited or no previous experience managing a registered fund.faithinvestorservices.com
• 0.65% a year buys the screening and the active credit work, and that fee comes out of a bond portfolio's income.
• Small and lightly traded early on. The issuer notes shares can trade above or below NAV in the secondary market.faithinvestorservices.com

Full DINE profile⁠

Full FTHB profile⁠