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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 07/12/2024

NAV

$ 38.05

NAV Change

+ $ 0.51 /1.36%

Price

$ 37.99

Price Change

+ $ 0.34 /0.90%

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 07/12/2024

Ticker Symbol
SPYC
Gross Expense Ratio
0.52%
CUSIP
82889N103
Total Assets
$78,006,299.82
Shares Outstanding
2,050,001
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.
1.14%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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 05/31/2024
0.81%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 07/12/2024
-0.16%
NAV Per Share as of 07/12/2024
$38.05
Market Price as of 07/12/2024
$37.99
30-Day Median Bid-Ask Spread
0.17%
Bid/Ask
$37.98/$38.11
Midpoint Price
$38.05
Volume
8,705
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 06/30/2024 06/30/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 5.01% 3.76% 17.98% 17.98% 26.21% 52.57%
Market Price 5.18% 3.71% 18.14% 18.14% 26.12% 53.50%
S&P 500 Index 3.59% 4.28% 15.29% 15.29% 24.56% 61.82%
Annualized 1 Year 3 Year Since Inception
NAV 26.21% 7.25% 11.69%
Market Price 26.12% 7.24% 11.87%
Cumulative 1 Year Since Inception
NAV 26.21% 52.57%
Market Price 26.12% 53.50%
S&P 500 Index 24.56% 61.82%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 26.21% 7.25% 11.69%
Market Price 26.12% 7.24% 11.87%

Historical Premium/Discount

Calendar Year 2023 2nd Quarter of 2024
Days Traded at Premium
51
30
Days Traded at Discount
199
33

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 133324 96.23%
SPXW US 07/15/24 P5000 SPXW Jul 2024 5000 Put -151 0.00%
SPXW US 07/15/24 P5250 SPXW Jul 2024 5250 Put 151 0.00%
SPXW US 07/19/24 C5480 SPXW Jul 2024 5480 Call 121 2.31%
SPXW US 07/19/24 C5750 SPXW Jul 2024 5750 Call -121 -0.01%
SPXW US 07/19/24 P3975 SPXW Jul 2024 3975 Put -98 0.00%
SPXW US 07/19/24 P4230 SPXW Jul 2024 4230 Put 98 0.00%
SPXW US 07/22/24 P5350 SPXW Jul 2024 5350 Put 140 0.02%
SPXW US 08/16/24 C5560 SPXW Aug 2024 5560 Call 27 0.44%
SPXW US 08/16/24 C5825 SPXW Aug 2024 5825 Call -27 -0.04%
SPXW US 08/16/24 P4225 SPXW Aug 2024 4225 Put -221 -0.03%
SPXW US 08/16/24 P4500 SPXW Aug 2024 4500 Put 221 0.05%
SPXW US 09/20/24 C5680 SPXW Sep 2024 5680 Call 77 1.00%
SPXW US 09/20/24 P4880 SPXW Sep 2024 4880 Put 42 0.05%
- Estimated Cash 1929 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
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.11361 $0.00000 $0.00000 $0.00000 $0.11361
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.19000 $0.00000 $0.00000 $0.00000 $0.19000
View Distribution History

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