Skip to main content

SPD

Simplify US Equity PLUS Downside Convexity ETF

Spotlight Banner
as of 02/21/2024

NAV

$ 29.97

NAV Change

+ $ 0.02 /0.07%

Price

$ 29.96

Price Change

- $ 0.01 /0.03%

The Simplify US Equity PLUS Downside Convexity ETF (SPD) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves down via a systematic options overlay. 

The fund's core holding gives investors a low-cost, index-based exposure to US large caps. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.

Spotlight Banner

The Simplify US Equity PLUS Downside Convexity ETF is designed to keep investors committed to equities by potentially protecting against the possibility of significant drawdowns. Watch our video to see how SPD works.

Fund Overview

As of 02/21/2024

Ticker Symbol
SPD
Gross Expense Ratio
0.53%
CUSIP
82889N202
Total Assets
$85,421,426.09
Shares Outstanding
2,850,001
Distribution Yield as of 12/31/2023 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.
2.20%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 01/31/2024 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.
0.93%
Unsubsidized 30-Day SEC Yield as of 01/31/2024
0.93%
Options Available
Yes
Inception Date
09/03/2020
Premium/Discount (%) as of 02/21/2024
-0.04%
NAV Per Share as of 02/21/2024
$29.97
Market Price as of 02/21/2024
$29.96
30-Day Median Bid-Ask Spread
0.10%
Bid/Ask
$29.94/$30.00
Midpoint Price
$29.97
Volume
2,191
NAV Symbol
SPD.NV
IOPV Symbol
SPD.IV
Shares Out. Symbol
SPD.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 0.00%
Acquired Fund Fees and Expenses2 0.03%
Total Annual Fund Operating Expenses 0.53%
1. Other Expenses have been restated. The Fund no longer engages in transactions that incur interest expense.

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 01/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.36% 14.26% 4.46% 1.36% 16.07% 22.53%
Market Price 1.57% 14.39% 4.81% 1.57% 16.27% 23.41%
S&P 500 Index 1.68% 16.01% 6.43% 1.68% 20.82% 42.71%
Annualized 1 Year 3 Year Since Inception
NAV 16.07% 4.58% 6.14%
Market Price 16.27% 4.49% 6.37%
Cumulative 1 Year Since Inception
NAV 21.05% 20.88%
Market Price 20.90% 21.51%
S&P 500 Index 26.29% 40.35%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 21.05% 3.83% 5.87%
Market Price 20.90% 3.77% 6.04%

Historical Premium/Discount

Calendar Year 2023 4th Quarter of 2023
Days Traded at Premium
46
10
Days Traded at Discount
204
53

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 169871 99.35%
SPXW US 03/15/24 P3775 SPXW Mar 2024 3775 Put -423 -0.04%
SPXW US 03/15/24 P4010 SPXW Mar 2024 4010 Put 423 0.07%
SPXW US 04/19/24 P3840 SPXW Apr 2024 3840 Put -418 -0.18%
SPXW US 04/19/24 P4075 SPXW Apr 2024 4075 Put 418 0.27%
SPXW US 05/17/24 P4025 SPXW May 2024 4025 Put -423 -0.45%
SPXW US 05/17/24 P4280 SPXW May 2024 4280 Put 423 0.72%
- Estimated Cash 225275 0.26%
 

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.15848 $0.00000 $0.00000 $0.00000 $0.15848
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.21000 $0.00000 $0.00000 $0.00000 $0.21000
$0.08000 $0.00000 $0.00000 $0.00000 $0.08000
$0.19688 $0.00000 $0.00000 $0.00000 $0.19688
View Distribution History

Register for Simplify's Investor Hub

  • In-depth case studies provide valuable insights into practical portfolio problems and their solutions
  • Simplify curated model portfolios that show investors how to incorporate alternatives into their portfolio
  • Stay up-to-date with our latest thoughts on markets via our weekly market commentaries
Create Your Account
Register Info
Contact Us