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SPD

Simplify US Equity PLUS Downside Convexity ETF

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as of 06/18/2024

NAV

$ 32.67

NAV Change

+ $ 0.07 /0.21%

Price

$ 32.68

Price Change

+ $ 0.03 /0.09%

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.

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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 06/18/2024

Ticker Symbol
SPD
Gross Expense Ratio
0.53%
CUSIP
82889N202
Total Assets
$115,152,821.59
Shares Outstanding
3,525,001
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.
1.27%
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
0.82%
Options Available
Yes
Inception Date
09/03/2020
Premium/Discount (%) as of 06/18/2024
0.04%
NAV Per Share as of 06/18/2024
$32.67
Market Price as of 06/18/2024
$32.68
30-Day Median Bid-Ask Spread
0.16%
Bid/Ask
$32.67/$32.72
Midpoint Price
$32.70
Volume
10,973
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 05/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.73% 3.34% 14.55% 9.78% 23.54% 32.71%
Market Price 4.35% 2.88% 14.18% 9.68% 23.47% 33.27%
S&P 500 Index 4.96% 3.91% 16.35% 11.30% 28.19% 56.21%
Annualized 1 Year 3 Year Since Inception
NAV 23.54% 3.53% 7.86%
Market Price 23.47% 2.74% 7.99%
Cumulative 1 Year Since Inception
NAV 24.95% 32.30%
Market Price 24.03% 31.91%
S&P 500 Index 29.88% 55.17%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 24.95% 5.26% 8.15%
Market Price 24.03% 4.93% 8.07%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
46
34
Days Traded at Discount
204
27

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 208658 99.60%
SPXW US 06/21/24 P4090 SPXW Jun 2024 4090 Put -380 0.00%
SPXW US 06/21/24 P4350 SPXW Jun 2024 4350 Put 380 0.00%
SPXW US 06/24/24 P5000 SPXW Jun 2024 5000 Put -112 0.00%
SPXW US 06/24/24 P5200 SPXW Jun 2024 5200 Put 112 0.00%
SPXW US 07/19/24 P3975 SPXW Jul 2024 3975 Put -312 -0.02%
SPXW US 07/19/24 P4230 SPXW Jul 2024 4230 Put 312 0.03%
SPXW US 08/16/24 P4225 SPXW Aug 2024 4225 Put -704 -0.18%
SPXW US 08/16/24 P4500 SPXW Aug 2024 4500 Put 704 0.28%
SPXW US 09/20/24 P4880 SPXW Sep 2024 4880 Put 127 0.22%
- Estimated Cash 89718 0.08%
 

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
$0.15848 $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
View Distribution History

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