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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 09/27/2024

NAV

$ 37.61

NAV Change

- $ 0.06 /0.16%

Price

$ 37.62

Price Change

- $ 0.04 /0.11%

The Simplify US Equity PLUS Convexity ETF (SPYC) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves up or down via a systematic options overlay.  

The fund's core holding gives investors a low-cost, index-based exposure to US large caps. A modest option overlay budget is then deployed into a series of options positions that help create convexity in the fund. 

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The Simplify US Equity PLUS Convexity ETF is designed to keep investors committed to equities by potentially protecting against the possibility of extreme market outcomes. Watch our video to see how SPYC works.

Fund Overview

As of 09/27/2024

Ticker Symbol
SPYC
Gross Expense Ratio
0.52%
CUSIP
82889N103
Total Assets
$76,154,869.07
Shares Outstanding
2,025,001
Distribution Rate as of 06/30/2024 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
1.10%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 08/31/2024 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
-
30-Day SEC Yield (Unsubsidized) as of 08/31/2024
0.78%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 09/27/2024
0.03%
NAV Per Share as of 09/27/2024
$37.61
Market Price as of 09/27/2024
$37.62
30-Day Median Bid-Ask Spread
0.16%
Bid/Ask
$37.54/$37.67
Midpoint Price
$37.61
Volume
4,019
NAV Symbol
SPYC.NV
IOPV Symbol
SPYC.IV
Shares Out. Symbol
SPYC.SO
Schedule K-1
No

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.50%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.00%
Acquired Fund Fees and Expenses2 0.02%
Total Annual Fund Operating Expenses 0.52%
1. Other Expenses have been restated. The Fund no longer engages in transactions that incur interest expense.

2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

Fund Performance

As of 07/31/2024 06/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.54% 11.21% 16.89% 18.62% 22.39% 53.39%
Market Price 0.58% 11.07% 17.15% 18.82% 22.76% 54.39%
S&P 500 Index 1.22% 10.05% 14.77% 16.70% 22.15% 63.78%
Annualized 1 Year 3 Year Since Inception
NAV 22.39% 6.32% 11.57%
Market Price 22.76% 6.38% 11.77%
Cumulative 1 Year Since Inception
NAV 26.21% 52.57%
Market Price 26.12% 53.50%
S&P 500 Index 24.56% 61.82%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 26.21% 7.25% — 11.69%
Market Price 26.12% 7.24% — 11.87%
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above. For most recent data please call (855) 772-8488.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
51
20
Days Traded at Discount
199
44
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 09/27/2024

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 131,202 98.90%
SPXW US 09/30/24 P4900 SPXW Oct 2024 4900 Put -130 0.00%
SPXW US 09/30/24 P5050 SPXW Oct 2024 5050 Put 130 0.00%
SPXW US 09/30/24 P5200 SPXW Oct 2024 5200 Put -84 0.00%
SPXW US 09/30/24 P5400 SPXW Oct 2024 5400 Put 84 0.00%
SPXW US 10/07/24 P5300 SPXW Oct 2024 5300 Put -107 -0.02%
SPXW US 10/07/24 P5500 SPXW Oct 2024 5500 Put 107 0.07%
SPXW US 10/18/24 C5810 SPXW Oct 2024 5810 Call 19 0.10%
SPXW US 10/18/24 P4440 SPXW Oct 2024 4440 Put -158 -0.04%
SPXW US 10/18/24 P4720 SPXW Oct 2024 4720 Put 158 0.05%
SPXW US 11/15/24 C5830 SPXW Nov 2024 5830 Call 19 0.23%
SPXW US 11/15/24 C6100 SPXW Nov 2024 6100 Call -19 -0.03%
SPXW US 11/15/24 P4450 SPXW Nov 2024 4450 Put -128 -0.10%
SPXW US 11/15/24 P4720 SPXW Nov 2024 4720 Put 128 0.15%
SPXW US 12/20/24 C5990 SPXW Dec 2024 5990 Call 24 0.21%
SPXW US 12/20/24 P4575 SPXW Dec 2024 4575 Put -115 -0.24%
SPXW US 12/20/24 P4850 SPXW Dec 2024 4850 Put 115 0.36%
- Estimated Cash 274,519 0.36%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.10000
$0.10000
$0.11361
$0.10000
View Distribution History

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