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SPBC

Simplify US Equity PLUS GBTC ETF

as of 12/01/2023

NAV

$ 27.21

NAV Change

+ $ 0.34 /1.27%

Price

$ 27.29

Price Change

+ $ 0.45 /1.68%
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.

Documents

Fund Overview

As of 12/01/2023

Ticker Symbol
SPBC
Gross Expense Ratio
0.72%
CUSIP
82889N848
Total Assets
$6,123,178.72
Shares Outstanding
225,001
Distribution Yield as of 09/30/2023 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.
1.67%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 10/31/2023 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.
0.85%
Unsubsidized 30-Day SEC Yield as of 10/31/2023
0.85%
Options Available
No
Inception Date
05/24/2021
Premium/Discount (%) as of 12/01/2023
0.26%
NAV Per Share as of 12/01/2023
$27.21
Market Price as of 12/01/2023
$27.29
30-Day Median Bid-Ask Spread
0.23%
Bid/Ask
$27.24/$27.33
Midpoint Price
$27.29
Volume
12,148
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 10/31/2023 09/30/2023

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.77% -5.03% 6.21% 26.73% 22.09% 4.51%
Market Price 1.59% -4.39% 6.22% 26.83% 22.14% 5.17%
Annualized 1 Year 3 Year Since Inception
NAV 22.09% — 1.83%
Market Price 22.14% — 2.09%
Cumulative 1 Year Since Inception
NAV 30.27% 2.69%
Market Price 31.08% 3.52%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 30.27% — — 1.14%
Market Price 31.08% — — 1.48%
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.

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 2022 3rd Quarter of 2023
Days Traded at Premium
51
17
Days Traded at Discount
200
46
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

Holdings

As of 12/01/2023

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 10577 79.85%
GBTC GRAYSCALE BITCOIN TR BTC NPV 28398 14.75%
ESZ3 IND S&P500 EMINI FUT Dec23 4 15.07%
- Net Cash -590791 -9.67%
Holdings are subject to change without notice.

The Fund will not invest directly in bitcoin, bitcoin futures, or other cryptocurrencies. The Fund is not expected to track the price movements of cryptocurrencies. 

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
$0.87740 $0.00000 $0.00000 $0.00000 $0.87740
$0.10222 $0.00000 $0.00000 $0.00000 $0.10222
$0.01843 $0.00000 $0.00000 $0.00000 $0.01843
View Distribution History

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