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SPUC

Simplify US Equity PLUS Upside Convexity ETF

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as of 12/13/2024

NAV

$ 44.39

NAV Change

- $ 0.07 /0.16%

Price

$ 44.38

Price Change

- $ 0.16 /0.36%
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 12/13/2024

Ticker Symbol
SPUC
Gross Expense Ratio
0.53%
CUSIP
82889N301
Total Assets
$19,977,072.68
Shares Outstanding
450,001
Distribution Rate as of 09/30/2024 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.
0.76%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
0.74%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 12/13/2024
-0.03%
NAV Per Share as of 12/13/2024
$44.39
Market Price as of 12/13/2024
$44.38
30-Day Median Bid-Ask Spread
0.24%
Bid/Ask
$44.31/$44.43
Midpoint Price
$44.37
Volume
5,843
NAV Symbol
SPUC.NV
IOPV Symbol
SPUC.IV
Shares Out. Symbol
SPUC.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. The distribution rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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 Expenses 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 11/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 9.04% 9.16% 19.81% 37.71% 46.30% 92.61%
Market Price 8.90% 9.21% 20.22% 38.01% 46.41% 93.98%
S&P 500 Index 5.87% 7.15% 15.07% 28.07% 33.89% 79.75%
Annualized 1 Year 3 Year Since Inception
NAV 46.30% 11.72% 16.71%
Market Price 46.41% 11.74% 16.92%
Cumulative 1 Year Since Inception
NAV 46.26% 79.96%
Market Price 46.41% 81.05%
S&P 500 Index 36.35% 71.34%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 46.26% 12.32% — 15.51%
Market Price 46.41% 12.27% — 15.70%
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 2023 3rd Quarter of 2024
Days Traded at Premium
43
27
Days Traded at Discount
207
37
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 12/13/2024

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 32,621 99.16%
NDX US 12/20/24 P19740 NASDAQ 100 Dec 2024 19740 Put 4 0.01%
NDX US 12/20/24 P20760 NASDAQ 100 Dec 2024 20760 Put -4 -0.02%
NDXP US 12/18/24 P19350 NDXP Dec 2024 19350 Put 5 0.00%
NDXP US 12/18/24 P20550 NDXP Dec 2024 20550 Put -5 -0.01%
NDXP US 12/24/24 P19950 NDXP Dec 2024 19950 Put 4 0.01%
NDXP US 12/24/24 P20950 NDXP Dec 2024 20950 Put -4 -0.05%
NDXP US 12/27/24 P19750 NDXP Dec 2024 19750 Put 3 0.01%
NDXP US 12/27/24 P20850 NDXP Dec 2024 20850 Put -3 -0.05%
RUTW US 12/18/24 P2145 RUTW Dec 2024 2145 Put 44 0.00%
RUTW US 12/18/24 P2285 RUTW Dec 2024 2285 Put -44 -0.07%
RUTW US 12/20/24 C2450 RUTW Dec 2024 2450 Call 20 0.02%
RUTW US 12/20/24 P2150 RUTW Dec 2024 2150 Put 32 0.01%
RUTW US 12/20/24 P2280 RUTW Dec 2024 2280 Put -32 -0.08%
RUTW US 12/24/24 P2175 RUTW Dec 2024 2175 Put 36 0.02%
RUTW US 12/24/24 P2290 RUTW Dec 2024 2290 Put -36 -0.16%
RUTW US 12/27/24 C2485 RUTW Dec 2024 2485 Call 31 0.04%
RUTW US 12/27/24 P2125 RUTW Dec 2024 2125 Put 37 0.02%
RUTW US 12/27/24 P2235 RUTW Dec 2024 2235 Put -37 -0.08%
SPX US 12/20/24 P5600 S&P 500 Index Dec 2024 5600 Put 13 0.01%
SPX US 12/20/24 P5900 S&P 500 Index Dec 2024 5900 Put -13 -0.02%
SPXW US 01/03/25 C6150 SPXW Jan 2025 6150 Call 13 0.11%
SPXW US 12/16/24 P5760 SPXW Dec 2024 5760 Put 45 0.00%
SPXW US 12/17/24 C6300 SPXW Dec 2024 6300 Call 119 0.00%
SPXW US 12/18/24 P5525 SPXW Dec 2024 5525 Put 17 0.00%
SPXW US 12/18/24 P5780 SPXW Dec 2024 5780 Put 35 0.01%
SPXW US 12/18/24 P5880 SPXW Dec 2024 5880 Put -17 -0.01%
SPXW US 12/20/24 C5990 SPXW Dec 2024 5990 Call 10 0.38%
SPXW US 12/20/24 C6175 SPXW Dec 2024 6175 Call 28 0.02%
SPXW US 12/20/24 P5750 SPXW Dec 2024 5750 Put 25 0.02%
SPXW US 12/24/24 P5600 SPXW Dec 2024 5600 Put 13 0.01%
SPXW US 12/24/24 P5915 SPXW Dec 2024 5915 Put -13 -0.04%
SPXW US 12/27/24 P5560 SPXW Dec 2024 5560 Put 13 0.01%
SPXW US 12/27/24 P5870 SPXW Dec 2024 5870 Put -13 -0.05%
- Estimated Cash 101,274 0.51%
 
Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.08000
$0.10000
$0.10000
$0.14954
This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. The distribution may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notice for additional details regarding the distribution composition, once it is available.
View Distribution History
Supplemental Tax Information: S19(a) Notices

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