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SPBC

Simplify US Equity PLUS GBTC ETF

as of 06/18/2024

NAV

$ 34.94

NAV Change

- $ 0.03 /0.09%

Price

$ 34.83

Price Change

- $ 0.07 /0.20%
The Simplify US Equity PLUS GBTC ETF (SPBC) investment objective seeks to provide capital appreciation by providing an efficient way for asset allocators to add Bitcoin exposure to portfolios. T­he fund targets a 100% investment in the US equities while simultaneously providing a 10% exposure to Bitcoin via the Grayscale Bitcoin Trust (GBTC).

The fund provides operational simplicity for investors by actively managing rebalancing of the Bitcoin allocation as well as premium/discount dynamics of GBTC. The ETF wrapper provides compelling efficiencies including transparency, liquidity, tax efficiency*, and no K-1’s.

Fund Overview

As of 06/18/2024

Ticker Symbol
SPBC
Gross Expense Ratio
0.72%
CUSIP
82889N848
Total Assets
$21,835,186.11
Shares Outstanding
625,001
Distribution Yield as of 03/31/2024 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.
1.19%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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 05/31/2024
0.77%
Options Available
No
Inception Date
05/24/2021
Premium/Discount (%) as of 06/18/2024
-0.29%
NAV Per Share as of 06/18/2024
$34.94
Market Price as of 06/18/2024
$34.83
30-Day Median Bid-Ask Spread
0.32%
Bid/Ask
$34.83/$34.92
Midpoint Price
$34.88
Volume
13,637
NAV Symbol
SPBC.NV
IOPV Symbol
Shares Out. Symbol
SPBC.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 0.01%
Acquired Fund Fees and Expenses2 0.21%
Total Annual Fund Operating Expenses 0.72%
1. Amount of interest expense included in percentage.

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 05/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 6.36% 5.12% 25.98% 18.47% 49.39% 45.24%
Market Price 6.53% 4.86% 26.27% 19.20% 49.38% 46.37%
Annualized 1 Year 3 Year Since Inception
NAV 49.39% 13.48% 13.16%
Market Price 49.38% 13.51% 13.46%
Cumulative 1 Year Since Inception
NAV 49.72% 45.13%
Market Price 50.00% 46.50%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 49.72% 13.95%
Market Price 50.00% 14.34%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
76
40
Days Traded at Discount
174
21

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 33924 85.52%
GBTC GRAYSCALE BITCOIN TR BTC NPV 35097 9.20%
ESU4 IND S&P500 EMINI FUT SEP24 12 15.30%
- Net Cash -2185347 -10.02%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.87740 $0.00000 $0.00000 $0.00000 $0.87740
$0.10222 $0.00000 $0.00000 $0.00000 $0.10222
View Distribution History

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