At a glance
AGGH charges 0.43% a year, below the 0.86% average of the 7 funds most like it (the cheapest of 8). It has $526.6M in assets, the 8th largest of that group; it paid 8.37% of its price in distributions over the past 12 months, monthly. Over the past year it returned −1.5% with distributions reinvested, the weakest of those 8 funds; over three years it returned +5.2% a year.
The short version
Simplify Aggregate Bond ETF (AGGH) is an actively managed fund of funds. As of June 30, 2026, about 95% of its assets were in the iShares Core U.S. Aggregate Bond ETF (AGG) and nearly 5% in a Treasury inflation-protected bond. What sets it apart is a layer of derivatives (interest-rate futures, swaps and Treasury options) that Simplify uses to hedge risk or add income. Its expense ratio is 0.43%.
Price history
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AGGH -1.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| AGGH official prospectus, to Dec 31, 2025 | — | +8.95% | — | — | — | +2.39% |
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) index, same period | — | +7.30% | — | — | — | +0.98% |
| AGGH price data to Oct 27, 2026 | -1.9% | -1.5% | +5.2% | — | — | +4.5% |
- Over the year to Oct 27, 2026, AGGH returned -1.5%, 8th of 8 among similar funds.
- Its worst full calendar year was 2024 (+2.0%); its best was 2023 (+8.5%).
- The deepest fall in its price history was 8.7% (Jul 13, 2023 to Oct 19, 2023), recovered by Dec 22, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -1.9% | — |
| 2025 | +8.2% | +8.95% |
| 2024 | +2.0% | +1.61% |
| 2023 | +8.5% | +8.47% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.2100 | |
| 2025 | $1.5600 | -15.7% |
| 2024 | $1.8500 | -11.9% |
| 2023 | $2.1000 |
What's inside
As of Jun 30, 2026, the fund held 2 securities; the ten largest made up 99.42% of assets.
| Fund held | Weight | |
|---|---|---|
| ISHARES TRUST CORE US AGGBD ET | 94.67% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 4.75% |
By country
United States 99.42%By asset type
Stocks 94.67%Bonds and notes 4.75%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $100.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.28%, +0.38%, +0.19%.
How it works
AGGH does not track an index. Its goal is to maximize total return. Under normal conditions, at least 80% of net assets go into U.S. investment-grade bonds, meaning bonds rated as having lower default risk. It buys them mostly through other ETFs that hold Treasuries, corporate bonds and mortgage-backed securities. Simplify picks ETFs by price, liquidity and track record. Each must have at least five years of history and enough trading volume. In practice the fund is concentrated: as of June 30, 2026, AGG made up about 95% of it. The fund may also hold inflation-protected Treasuries (TIPS) directly, about 4.75% at that date, and buy mortgage securities in advance.
Up to 20% of the portfolio can go into derivatives: futures, options and swaps linked to bonds, stocks, volatility, commodities and currencies. They aim to hedge interest-rate and credit risk or to generate income. The manager usually trades them monthly, quarterly or yearly. As of June 30, 2026, there were four positions worth about 0.12% of assets: an interest-rate swap with Morgan Stanley, 10-year Treasury note futures, and Treasury bond put and call options.
Some derivatives are held in a wholly owned Cayman Islands subsidiary, which can be up to 25% of assets and is not a registered investment company. The fund may also borrow through reverse repurchase agreements, which can magnify gains and losses. Portfolio turnover was 31%.
What it really costs
- AGGH charges 0.43% a year, versus an average of 0.86% for the similar funds below (1st of 8, cheapest first).
- Of that, 0.4% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $296 in the first year and $667 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| AGGH | $296 | $297 | $665 | $667 |
Structure and tax notes
- Invests in other funds rather than directly in stocks or bonds, so its holdings are those funds.
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
Its bond holdings have moved little with stocks, but its derivatives layer and short history make it less straightforward than a plain core bond index fund.
AGGH could offset stock risk. Its beta, a measure of how much it moves with the stock market, was 0.13 for the year to October 27, 2026. Its record is short, though. It launched in February 2022, and there is no record of how it held up in 2008, 2020 or the 2022 bear market. Its weakest calendar year was 2024, a 1.61% gain. Its deepest drop was 8.7%, from July to October 2023, and it recovered in about two months, by December 22, 2023. Anyone forced to sell during such a dip would lock in the loss. It pays monthly, with a trailing 12-month yield of 8.37% as of October 27, 2026, which may not repeat. The SEC cost example shows $296 on $10,000 after one year, more than the 0.43% expense ratio alone implies. Past results don't predict the future, and a plan should look at the whole portfolio.
Who it may suit — and who should look elsewhere
May suit
- Investors who want broad U.S. investment-grade bond exposure through AGG, plus a small hedging layer of Treasury futures, swaps and options run by Simplify.
- Income seekers who value monthly payouts; the trailing 12-month yield was 8.37% as of October 27, 2026, though payouts can vary.
- Stock-heavy portfolios that want a holding that has barely moved with equities; its one-year beta was 0.13 as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: AGGH's portfolio is about 95% AGG, which can be bought directly, so it's worth comparing AGGH's 0.43% expense ratio with AGG's.
- Those who want a long record: its price history starts in October 2022, with no record through 2008, 2020 or the 2022 bear market.
- Anyone uneasy with derivatives, an offshore Cayman subsidiary, borrowing through reverse repos, or a mandate that allows junk bonds and swaps linked to stocks or commodities.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| AGGH this fund | 0.43% | $526.6M | -1.5% | +5.2% |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
What does AGGH invest in?
Mostly one other fund. As of June 30, 2026, about 95% of AGGH's roughly $527 million in net assets was in the iShares Core U.S. Aggregate Bond ETF (AGG), a broad U.S. investment-grade bond fund. Another 4.75% was in a Treasury inflation-protected bond maturing in 2035. The rest was cash plus four interest-rate derivatives, including 10-year Treasury note futures and Treasury bond options, worth about 0.12% of assets.
What's the difference between AGGH and AGG?
AGGH holds AGG, about 95% of its assets as of June 30, 2026. It adds TIPS and an actively managed derivatives layer that can reach 20% of the portfolio. As of December 31, 2025, AGGH returned 8.95% over one year, compared with 7.3% for the Bloomberg U.S. Aggregate Bond Index. Since its 2022 launch it returned 2.39% a year, compared with 0.98% for the index. The extra layer brings active-management and derivatives risk.
Does AGGH pay monthly dividends?
Yes. AGGH pays monthly. Over the 12 months to October 27, 2026, it paid $1.60 per share, a trailing yield of 8.37%. That figure looks backward and is not a promise. Payouts from a fund using options and swaps can change, and a high yield does not mean the share price will hold up. AGGH's price-based return over that same year was -1.5%.
What is AGGH's expense ratio?
AGGH's expense ratio is 0.43% a year, which includes a 0.40% management fee, according to the prospectus filed October 28, 2026. The SEC's standard example assumes $10,000 invested, a 5% annual return and shares sold at the end. It shows costs of $296 after one year and $667 after ten years. Those amounts are higher than the expense ratio alone would suggest, so the prospectus fee table is worth reading in full.
How risky is AGGH?
It carries bond-fund risk plus extra layers. Its deepest drop was 8.7%, from July 13 to October 19, 2023, and it recovered by December 22, 2023. Its worst quarter was a 3.4% loss in late 2024. Three-year volatility was 8.3% as of October 27, 2026. Bond prices fall when interest rates rise. Derivatives, possible junk-bond holdings and borrowing add risks that a plain bond index fund doesn't carry.