EAFD

Simplify Developed Ex-US PLUS Downside Convexity ETF

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as of 07/01/2022

NAV

$ 19.24

NAV Change

- $ 0.02 /0.10%

Price

$ 19.21

Price Change

+ $ 0.00 /0.00%
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 07/01/2022

Ticker Symbol
EAFD
Gross Expense Ratio
0.57%
Net Expense Ratio
0.32%
CUSIP
82889N731
Total Assets
$19,721,648.25
Shares Outstanding
1,025,001
SEC 30-Day Yield as of 05/31/2022
3.53%
Unsubsidized 30-Day SEC Yield as of 05/31/2022
3.27%
Distribution Frequency
N/A
Options Available
No
Inception Date
01/10/2022
Premium/Discount (%) as of 07/01/2022
-0.16%
NAV
$19.24
NAV Per Share as of 07/01/2022
$19.24
Market Price as of 07/01/2022
$19.21
30-Day Median Bid-Ask Spread
1.37%
Bid/Ask
$19.17/$19.30
Midpoint Price
$19.24
Volume
9,020
NAV Symbol
EAFD.NV
IOPV Symbol
EAFD.IV
Shares Out. Symbol
EAFD.SO

The Fund’s adviser has contractually agreed, until at least October 30, 2022, 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 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, 2022, 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 05/31/2022 03/31/2022

Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV 0.50% -7.84% -13.75%
Market Price 0.18% -7.57% -14.39%
Cumulative 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV -7.54%
Market Price -8.37%
Cumulative 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2021 1st Quarter of 2022
Days Traded at Premium
N/A
38
Days Traded at Discount
N/A
18
Ticker Name Quantity Weight
IEFA ISHARES TR CORE MSCI EAFE ETF 328326 98.11%
SPY US 07/15/22 P340 SPY Jul 2022 340 Put 230 0.04%
EFA US 08/19/22 P62 EFA Aug 2022 62 Put 1286 1.12%
SPY US 09/16/22 P370 SPY Sep 2022 370 Put 54 0.36%
- Estimated Cash 74638 0.38%

Recent Distributions

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