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SPD

Simplify US Equity PLUS Downside Convexity ETF

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As of 12/12/2025

NAV

$ 39.32

NAV Change

- $ 0.50 /1.26%

Price

$ 39.35

Price Change

- $ 0.44 /1.11%

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 an 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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Documents

Fund Overview

As of 12/12/2025

Ticker Symbol
SPD
Gross Expense Ratio
0.53%
CUSIP
82889N202
Total Assets
$110,088,366.14
Shares Outstanding
2,800,001
Distribution Rate as of 09/30/2025 Distribution rate 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 rate.
Distribution Rate Close
Distribution rate 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 rate.
1.01%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2025
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2025
0.65%
Options Available
Yes
Inception Date
09/03/2020
Premium/Discount (%) as of 12/12/2025
0.08%
NAV Per Share as of 12/12/2025
$39.32
Market Price as of 12/12/2025
$39.35
30-Day Median Bid-Ask Spread
0.23%
Bid/Ask
$39.30/$39.37
Midpoint Price
$39.34
Volume
4,356
NAV Symbol
SPD.NV
IOPV Symbol
SPD.IV
Shares Out. Symbol
SPD.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distribution includes an estimated 30% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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 Fees0.50%
Distribution and Service (12b-1) Fees0.00%
Other Expenses0.00%
Acquired Fund Fees and Expenses10.03%
Total Annual Fund Operating Expenses0.53%

1. 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 (Total Return)

As of 11/30/2025 09/30/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.04% 4.21% 9.63% 19.98% 15.50% 70.53%
Market Price -1.07% 4.42% 9.53% 20.27% 15.49% 71.72%
Annualized 1 Year 3 Year Since Inception
NAV 15.50% 17.27% 10.72%
Market Price 15.49% 17.34% 10.87%
Cumulative 1 Year Since Inception
NAV 19.28% 68.88%
Market Price 19.33% 70.38%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 19.28% 16.18% 11.67% 10.88%
Market Price 19.33% 16.15% 11.69% 11.08%
Calendar Year NAV Market Price
2024 17.57% 17.51%
2023 21.05% 20.90%
2022 -25.64% -25.96%
2021 24.37% 24.84%
2020 — —
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. For most recent data please call (855) 772-8488.

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.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2024 3rd Quarter of 2025
Days Traded at Premium
131
26
Days Traded at Discount
121
38
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

As of 12/12/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 160,601 99.96%
NDXP US 12/19/25 P23400 NDXP Dec 2025 23400 Put 5 0.01%
NDXP US 12/19/25 P24400 NDXP Dec 2025 24400 Put -5 -0.03%
NDXP US 12/26/25 P22850 NDXP Dec 2025 22850 Put 5 0.01%
NDXP US 12/26/25 P23850 NDXP Dec 2025 23850 Put -5 -0.02%
RUTW US 12/26/25 P2320 RUTW Dec 2025 2320 Put 57 0.01%
RUTW US 12/26/25 P2420 RUTW Dec 2025 2420 Put -57 -0.03%
SPXW US 01/02/26 C6885 SPXW Jan 2026 6885 Call 21 0.10%
SPXW US 01/16/26 P5700 SPXW Jan 2026 5700 Put -151 -0.09%
SPXW US 01/16/26 P6000 SPXW Jan 2026 6000 Put 151 0.13%
SPXW US 12/19/25 C6920 SPXW Dec 2025 6920 Call 76 0.09%
SPXW US 12/19/25 C7000 SPXW Dec 2025 7000 Call 163 0.03%
SPXW US 12/19/25 P5400 SPXW Dec 2025 5400 Put -310 -0.01%
SPXW US 12/19/25 P5700 SPXW Dec 2025 5700 Put 310 0.01%
SPXW US 12/19/25 P5850 SPXW Dec 2025 5850 Put -145 -0.01%
SPXW US 12/19/25 P6150 SPXW Dec 2025 6150 Put 145 0.01%
SPXW US 12/19/25 P6300 SPXW Dec 2025 6300 Put 19 0.00%
SPXW US 12/19/25 P6600 SPXW Dec 2025 6600 Put -19 -0.01%
SPXW US 12/26/25 P6260 SPXW Dec 2025 6260 Put 18 0.00%
SPXW US 12/26/25 P6560 SPXW Dec 2025 6560 Put -18 -0.02%
- Estimated Cash -168,788 -0.15%
Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.10000
$0.10000
$0.08000
$0.10000
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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