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EAFD

Simplify Developed Ex-US PLUS Downside Convexity ETF

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as of 09/20/2023

NAV

$ 19.25

NAV Change

- $ 0.04 /0.21%

Price

$ 19.26

Price Change

- $ 0.03 /0.16%
The Simplify Developed Markets EX-US PLUS Downside Convexity ETF (EAFD) seeks to provide capital appreciation by exposure to developed foreign equity markets, while boosting performance during extreme selloffs in equity markets via a systematic options overlay.  

The fund’s core holding provides investors with developed ex-US/Canada exposure. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.

Fund Overview

As of 09/20/2023

Ticker Symbol
EAFD
Gross Expense Ratio
0.57%
Net Expense Ratio
0.32%
CUSIP
82889N731
Total Assets
$15,881,915.98
Shares Outstanding
825,001
Distribution Yield as of 06/30/2023 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
6.89%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 08/31/2023 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.
2.19%
Unsubsidized 30-Day SEC Yield as of 08/31/2023
1.94%
Options Available
No
Inception Date
01/10/2022
Premium/Discount (%) as of 09/20/2023
0.05%
NAV Per Share as of 09/20/2023
$19.25
Market Price as of 09/20/2023
$19.26
30-Day Median Bid-Ask Spread
2.22%
Bid/Ask
$19.09/$19.50
Midpoint Price
$19.30
Volume
992
NAV Symbol
EAFD.NV
IOPV Symbol
EAFD.IV
Shares Out. Symbol
EAFD.SO
Schedule K-1
No

The Fund’s adviser has contractually agreed, until at least October 30, 2023, to waive its management fees and/or pay certain expenses, in order to limit specified expenses to 0.25% of the Fund’s average daily net assets.

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%
Acquired Fund Fees and Expenses1 0.07%
Total Annual Fund Operating Expenses 0.57%
Fee Waiver and Reimbursement2 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver 0.32%
1. Acquired Fund Fees and Expenses are the estimated indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights located in the prospectus because the financial statements include only the direct operating expenses incurred by the Fund.

2. The Fund’s adviser has contractually agreed, until at least October 30, 2023, to waive its management fees and/or pay or absorb the Fund’s expenses, in order to limit the amount of “Specified Expenses” borne by the Fund to 0.25% of the Fund’s average daily net assets. “Specified Expenses” means all ordinary operating expenses of the Fund, except for interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund fees and expenses, and expenses incidental to a meeting of the Fund’s shareholders. The fee waiver is subject to recoupment if such recoupment can be achieved within the lesser of the foregoing expense limits or those in place at the time of recapture. Any waived fees may only be recouped within three years from the date when the amount was waived or reimbursed. This agreement may be terminated only by the Trust’s Board of Trustees on 60 days’ written notice to the Fund’s adviser.

Fund Performance

As of 08/31/2023 06/30/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -4.06% 1.74% 2.52% 7.57% 5.08% -19.01%
Market Price -4.63% 1.16% 1.90% 6.76% 4.57% -20.25%
Annualized 1 Year 3 Year Since Inception
NAV 5.08% -12.08%
Market Price 4.57% -12.92%
Cumulative 1 Year Since Inception
NAV 4.67% -17.81%
Market Price 4.74% -18.80%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 4.67% -12.50%
Market Price 4.74% -13.25%

Historical Premium/Discount

Calendar Year 2022 2nd Quarter of 2023
Days Traded at Premium
155
35
Days Traded at Discount
90
27
Ticker Name Quantity Weight
IEFA ISHARES TR CORE MSCI EAFE ETF 238338 99.50%
EFA US 10/20/23 P59 EFA Oct 2023 59 Put -4819 -0.14%
EFA US 10/20/23 P63 EFA Oct 2023 63 Put 4819 0.21%
EFA US 11/17/23 P55 EFA Nov 2023 55 Put -3075 -0.14%
EFA US 11/17/23 P59 EFA Nov 2023 59 Put 3075 0.19%
EFA US 12/15/23 P57 EFA Dec 2023 57 Put -4000 -0.21%
EFA US 12/15/23 P61 EFA Dec 2023 61 Put 4000 0.54%
- Estimated Cash 8448 0.05%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.34000 $0.00000 $0.00000 $0.00000 $0.34000
$0.07294 $0.00000 $0.00000 $0.00000 $0.07294
$0.37441 $0.00000 $0.00000 $0.00000 $0.37441
View Distribution History

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