Skip to main content

SPYC

Simplify US Equity PLUS Convexity ETF

Spotlight Banner
as of 11/27/2023

NAV

$ 29.41

NAV Change

- $ 0.06 /0.20%

Price

$ 29.39

Price Change

- $ 0.06 /0.20%

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. 

Spotlight Banner

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 11/27/2023

Ticker Symbol
SPYC
Gross Expense Ratio
0.52%
CUSIP
82889N103
Total Assets
$64,702,814.33
Shares Outstanding
2,200,001
Distribution Yield as of 09/30/2023 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.
1.44%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 10/31/2023 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.
1.36%
Unsubsidized 30-Day SEC Yield as of 10/31/2023
1.10%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 11/27/2023
-0.07%
NAV Per Share as of 11/27/2023
$29.41
Market Price as of 11/27/2023
$29.39
30-Day Median Bid-Ask Spread
0.20%
Bid/Ask
$29.35/$29.46
Midpoint Price
$29.41
Volume
1,637
NAV Symbol
SPYC.NV
IOPV Symbol
SPYC.IV
Shares Out. Symbol
SPYC.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%
Other Expenses1 0.00%
Acquired Fund Fees and Expenses2 0.02%
Total Annual Fund Operating Expenses 0.52%
1. Other Expenses have been restated. The Fund no longer engages in transactions that incur interest expense.

2. 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 10/31/2023 09/30/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -2.45% -9.71% 0.40% 8.51% 5.00% 13.15%
Market Price -2.55% -9.48% 0.54% 8.58% 5.10% 13.84%
S&P 500 Index -2.10% -8.25% 1.39% 10.69% 10.14% 23.02%
Annualized 1 Year 3 Year Since Inception
NAV 5.00% 6.14% 3.99%
Market Price 5.10% 6.26% 4.19%
Cumulative 1 Year Since Inception
NAV 9.52% 15.99%
Market Price 9.36% 16.82%
S&P 500 Index 21.62% 25.66%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 9.52% 6.05% 4.95%
Market Price 9.36% 6.07% 5.19%

Historical Premium/Discount

Calendar Year 2022 3rd Quarter of 2023
Days Traded at Premium
89
12
Days Traded at Discount
162
51

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 140990 99.49%
SPXW US 01/19/24 C4530 SPXW Jan 2024 4530 Call 17 0.28%
SPXW US 01/19/24 C4750 SPXW Jan 2024 4750 Call -17 -0.04%
SPXW US 01/19/24 P3450 SPXW Jan 2024 3450 Put -90 -0.03%
SPXW US 01/19/24 P3670 SPXW Jan 2024 3670 Put 90 0.04%
SPXW US 02/16/24 C4730 SPXW Feb 2024 4730 Call 26 0.16%
SPXW US 02/16/24 C4950 SPXW Feb 2024 4950 Call -26 -0.02%
SPXW US 02/16/24 P3600 SPXW Feb 2024 3600 Put -167 -0.15%
SPXW US 02/16/24 P3830 SPXW Feb 2024 3830 Put 167 0.23%
SPXW US 12/15/23 C4700 SPXW Dec 2023 4700 Call 27 0.02%
SPXW US 12/15/23 C4925 SPXW Dec 2023 4925 Call -27 0.00%
SPXW US 12/15/23 P3575 SPXW Dec 2023 3575 Put -174 -0.01%
SPXW US 12/15/23 P3810 SPXW Dec 2023 3810 Put 174 0.02%
- Estimated Cash -147 0.00%

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
$0.19000 $0.00000 $0.00000 $0.00000 $0.19000
$0.14000 $0.00000 $0.00000 $0.00000 $0.14000
$0.00036 $0.00000 $0.00000 $0.00000 $0.00036
$0.19311 $0.00000 $0.00000 $0.00000 $0.19311
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