Skip to main content

SPUC

Simplify US Equity PLUS Upside Convexity ETF

Spotlight Banner
as of 05/24/2024

NAV

$ 38.30

NAV Change

+ $ 0.48 /1.27%

Price

$ 38.22

Price Change

+ $ 0.45 /1.19%
The Simplify US Equity PLUS Upside Convexity ETF (SPUC) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves up 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 upside convexity in the fund. 
Spotlight Banner

The Simplify US Equity PLUS Upside Convexity ETF is designed to keep investors committed to equities by potentially boosting performance during extreme market moves up. Watch our video to see how SPYC works.

Fund Overview

As of 05/24/2024

Ticker Symbol
SPUC
Gross Expense Ratio
0.53%
CUSIP
82889N301
Total Assets
$6,701,881.13
Shares Outstanding
175,001
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.
1.02%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 04/30/2024 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.
0.87%
Unsubsidized 30-Day SEC Yield as of 04/30/2024
0.87%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 05/24/2024
-0.20%
NAV Per Share as of 05/24/2024
$38.30
Market Price as of 05/24/2024
$38.22
30-Day Median Bid-Ask Spread
0.18%
Bid/Ask
$38.22/$38.36
Midpoint Price
$38.29
Volume
1,857
NAV Symbol
SPUC.NV
IOPV Symbol
SPUC.IV
Shares Out. Symbol
SPUC.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%
Acquired Fund Fees and Expenses1 0.03%
Total Annual Fund Operating Expenses 0.53%
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

As of 04/30/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -8.71% 6.32% 26.32% 8.35% 27.37% 51.53%
Market Price -8.69% 6.30% 26.57% 8.72% 27.68% 52.80%
S&P 500 Index -4.08% 4.29% 20.98% 6.04% 22.66% 48.83%
Annualized 1 Year 3 Year Since Inception
NAV 27.37% 7.19% 12.04%
Market Price 27.68% 7.24% 12.31%
Cumulative 1 Year Since Inception
NAV 41.38% 65.99%
Market Price 41.67% 67.34%
S&P 500 Index 29.88% 55.17%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 41.38% 13.03% 15.24%
Market Price 41.67% 13.07% 15.51%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
43
19
Days Traded at Discount
207
42

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 12218 97.01%
SPXW US 06/21/24 C5350 SPXW Jun 2024 5350 Call 27 1.67%
SPXW US 06/21/24 C5550 SPXW Jun 2024 5550 Call -27 -0.05%
SPXW US 07/19/24 C5480 SPXW Jul 2024 5480 Call 20 0.77%
SPXW US 07/19/24 C5750 SPXW Jul 2024 5750 Call -20 -0.03%
SPXW US 08/16/24 C5560 SPXW Aug 2024 5560 Call 5 0.21%
SPXW US 08/16/24 C5825 SPXW Aug 2024 5825 Call -5 -0.02%
- Estimated Cash 29192 0.44%
 

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
$0.14954 $0.00000 $0.00000 $0.00000 $0.14954
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.19000 $0.00000 $0.00000 $0.00000 $0.19000
$0.15377 $0.00000 $0.00000 $0.00000 $0.15377
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