SPYC

Simplify US Equity PLUS Convexity ETF

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as of 07/01/2022

NAV

$ 26.75

NAV Change

+ $ 0.16 /0.60%

Price

$ 26.65

Price Change

+ $ 0.13 /0.49%

The Simplify US Equity PLUS Convexity ETF (SPYC) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves up or 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 convexity in the fund. 

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The Simplify US Equity PLUS Convexity ETF is designed to keep investors committed to equities by potentially protecting against the possibility of extreme market outcomes. Watch our video to see how SPYC works.

Fund Overview

As of 07/01/2022

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
Net Expense Ratio
0.28%
CUSIP
82889N103
Total Assets
$61,634,949.19
Shares Outstanding
2,304,000
SEC 30-Day Yield as of 05/31/2022
1.17%
Unsubsidized 30-Day SEC Yield as of 05/31/2022
0.91%
Distribution Frequency
Quarterly
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 07/01/2022
-0.38%
NAV
$26.75
NAV Per Share as of 07/01/2022
$26.75
Market Price as of 07/01/2022
$26.65
30-Day Median Bid-Ask Spread
0.26%
Bid/Ask
$26.64/$26.86
Midpoint Price
$26.75
Volume
29,818
NAV Symbol
SPYC.NV
IOPV Symbol
SPYC.IV
Shares Out. Symbol
SPYC.SO
 

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 05/31/2022 03/31/2022

Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV -0.29% -6.04% -10.97% -1.77% 18.80%
Market Price -0.41% -6.37% -12.52% -1.75% 19.41%
S&P 500 Index Total Return -0.09% -5.74% -9.51% -0.09% 22.54%
Cumulative 1 Year 3 Year Since Inception
NAV -1.77% 10.41%
Market Price -1.75% 10.75%
Cumulative 1 Year Since Inception
NAV 14.28% 30.41%
Market Price 14.45% 31.48%
S&P 500 Index Total Return 15.44% 34.00%
Cumulative 1 Year 3 Year 5 Year Since Inception
NAV 14.28% 18.39%
Market Price 14.45% 19.05%

Historical Premium/Discount

Calendar Year 2021 1st Quarter of 2022
Days Traded at Premium
160
25
Days Traded at Discount
90
37
Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 158633 98.60%
SPY US 07/15/22 P340 SPY Jul 2022 340 Put 668 0.04%
SPXW US 07/27/22 P3650 SPXW Jul 2022 3650 Put 38 0.27%
SPY US 08/19/22 P355 SPY Aug 2022 355 Put 607 0.55%
SPY US 09/16/22 P370 SPY Sep 2022 370 Put 207 0.44%
SPY US 09/16/22 C510 SPY Sep 2022 510 Call 420 0.00%
SPY US 03/17/23 C510 SPY Mar 2023 510 Call 232 0.03%
SPX US 06/16/23 C5600 S&P 500 Index Jun 2023 5600 Call 76 0.07%
- Estimated Cash 6787 0.01%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.19311 $0.00000 $0.00000 $0.00000 $0.19311
$0.14552 $0.00000 $0.00000 $0.00000 $0.14552
$0.05654 $0.00000 $0.00000 $0.00000 $0.05654
$0.12900 $0.00000 $0.00000 $0.00000 $0.12900
$0.16256 $0.00000 $0.00000 $0.00000 $0.16256
View Distribution History