SPUC

Simplify US Equity PLUS Upside Convexity ETF

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as of 09/23/2022

NAV

$ 25.96

NAV Change

- $ 0.43 /1.63%

Price

$ 25.91

Price Change

- $ 0.53 /2.00%
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. 
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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 09/23/2022

Ticker Symbol
SPUC
Gross Expense Ratio
0.53%
Net Expense Ratio
0.28%
CUSIP
82889N301
Total Assets
$11,681,420.92
Shares Outstanding
450,001
SEC 30-Day Yield as of 08/31/2022 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.
1.24%
Unsubsidized 30-Day SEC Yield as of 08/31/2022
0.96%
Distribution Frequency
Quarterly
Distribution Yield as of 06/30/2022 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.
2.31%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 09/23/2022
-0.19%
NAV
$25.96
NAV Per Share as of 09/23/2022
$25.96
Market Price as of 09/23/2022
$25.91
30-Day Median Bid-Ask Spread
0.39%
Bid/Ask
$25.82/$26.09
Midpoint Price
$25.96
Volume
1,078
NAV Symbol
SPUC.NV
IOPV Symbol
SPUC.IV
Shares Out. Symbol
SPUC.SO


The Fund’s adviser has contractually agreed to reduce its management fees, until at least October 31, 2022, to 0.28% of the Fund’s average daily net assets.

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%
Fee Waiver and Reimbursement2 (0.25%)
Total Annual Fund Operating Expenses After Fee Waiver 0.28%
1. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial highlights located in the prospectus because the financial statements include only the direct operating expenses incurred by the Fund.

2. The Fund’s adviser has contractually agreed, until at least October 31, 2022, to waive its management fees and/or pay or absorb the Fund’s expenses, in order to limit the amount of “Specified Expenses” borne by the Fund to 0.25% of the Fund’s average daily net assets. “Specified Expenses” means all ordinary operating expenses of the Fund, except for interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund fees and expenses, and expenses incidental to a meeting of the Fund’s shareholders. This agreement may be terminated only by the Trust’s Board of Trustees on 60 days’ written notice to the Fund’s adviser.

Fund Performance

As of 08/31/2022 06/30/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -5.50% -4.44% -10.34% -20.65% -14.86% 15.55%
Market Price -5.37% -4.22% -10.09% -20.54% -14.66% 16.47%
S&P 500 Index Total Return -4.08% -3.88% -8.84% -16.14% -11.23% 17.93%
Annualized 1 Year 3 Year Since Inception
NAV -14.86% — 7.52%
Market Price -14.66% — 7.97%
Cumulative 1 Year Since Inception
NAV -11.99% 10.47%
Market Price -12.26% 10.91%
S&P 500 Index Total Return -10.62% 12.56%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -11.99% — — 5.62%
Market Price -12.26% — — 5.86%
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.

Historical Premium/Discount

Calendar Year 2021 2nd Quarter of 2022
Days Traded at Premium
130
22
Days Traded at Discount
120
40
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.
Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 30981 98.51%
SPX US 10/21/22 C4850 S&P 500 Index Oct 2022 4850 Call 342 0.03%
SPX US 10/21/22 C5050 S&P 500 Index Oct 2022 5050 Call -342 -0.01%
SPX US 01/20/23 C5050 S&P 500 Index Jan 2023 5050 Call 274 0.13%
SPX US 01/20/23 C5250 S&P 500 Index Jan 2023 5250 Call -274 -0.05%
SPY US 03/17/23 C510 SPY Mar 2023 510 Call 90 0.01%
SPX US 06/16/23 C5600 S&P 500 Index Jun 2023 5600 Call 34 0.04%
- Estimated Cash 156262 1.34%
 
Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.15335 $0.00000 $0.00000 $0.00000 $0.15335
$0.09489 $0.00000 $0.00000 $0.00000 $0.09489
$0.10448 $0.18481 $0.22618 $0.00000 $0.51547
$0.08034 $0.00000 $0.00000 $0.00000 $0.08034
$0.14734 $0.00000 $0.00000 $0.00000 $0.14734
View Distribution History