QQD

Simplify Nasdaq 100 PLUS Downside Convexity ETF

Spotlight Banner
as of 11/25/2022

NAV

$ 21.12

NAV Change

- $ 0.16 /0.75%

Price

$ 21.13

Price Change

- $ 0.12 /0.56%

The Simplify Nasdaq 100 PLUS Downside Convexity ETF (QQD) seeks to provide capital appreciation by tracking a commonly held basket of large cap US growth stocks while aiming to boost performance during extreme market moves down via a systematic options overlay.  
 
The fund’s core holding provides investors with Nasdaq 100 Index exposure. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund. 

Spotlight Banner

Fund Overview

As of 11/25/2022

Ticker Symbol
QQD
Gross Expense Ratio
0.70%
Net Expense Ratio
0.45%
CUSIP
82889N509
Total Assets
$8,973,937.80
Shares Outstanding
425,001
SEC 30-Day Yield as of 10/31/2022 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.
0.50%
Unsubsidized 30-Day SEC Yield as of 10/31/2022
0.23%
Distribution Frequency
Quarterly
Distribution Yield as of 09/30/2022 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.
0.54%
Options Available
No
Inception Date
12/10/2020
Premium/Discount (%) as of 11/25/2022
0.05%
NAV
$21.12
NAV Per Share as of 11/25/2022
$21.12
Market Price as of 11/25/2022
$21.13
30-Day Median Bid-Ask Spread
0.71%
Bid/Ask
$21.00/$21.41
Midpoint Price
$21.21
Volume
1,540
NAV Symbol
QQD.NV
IOPV Symbol
QQD.IV
Shares Out. Symbol
QQD.SO
 
The Fund’s adviser has contractually agreed, until at least October 31, 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 0.20%
Total Annual Fund Operating Expenses 0.70%
Fee Waiver and Reimbursement2 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver 0.45%
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 31, 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 theFund, 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 10/31/2022 09/30/2022

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -7.46% -14.10% -17.02% -34.03% -32.07% -16.37%
Market Price -8.07% -13.65% -17.18% -34.05% -32.47% -16.20%
Nasdaq 100 Total Return 4.01% -11.72% -10.87% -29.64% -27.46% -6.75%
Annualized 1 Year 3 Year Since Inception
NAV -32.07% -9.03%
Market Price -32.47% -8.94%
Cumulative 1 Year Since Inception
NAV -21.57% -9.63%
Market Price -21.19% -8.85%
Nasdaq 100 Total Return -24.72% -10.34%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -21.57% -5.46%
Market Price -21.19% -5.01%

Historical Premium/Discount

Calendar Year 2021 3rd Quarter of 2022
Days Traded at Premium
121
25
Days Traded at Discount
129
38
Ticker Name Quantity Weight
QQQ Invesco QQQ Trust Series 1 31315 100.12%
SPXW US 11/30/22 P3820 SPXW Nov 2022 3820 Put 50 0.04%
SPXW US 12/02/22 P3700 SPXW Dec 2022 3700 Put 27 0.02%
SPXW US 12/07/22 P3820 SPXW Dec 2022 3820 Put 11 0.05%
SPXW US 12/16/22 C4240 SPXW Dec 2022 4240 Call -30 -0.27%
- Estimated Cash 3135 0.03%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.03069 $0.00000 $0.00000 $0.00000 $0.03069
$0.02646 $0.00000 $0.00000 $0.00000 $0.02646
$0.02146 $0.00000 $0.00000 $0.00000 $0.02146
$0.01858 $0.00000 $0.00000 $0.00000 $0.01858
$0.02663 $0.00000 $0.00000 $0.00000 $0.02663
View Distribution History