SPYC

Simplify US Equity PLUS Convexity ETF

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as of 10/22/2020

NAV

$ 24.94

NAV Change

+ $ 0.13 /0.52%

Price

$ 24.98

Price Change

+ $ 0.13 /0.52%

The Simplify US Equity PLUS Convexity ETF seeks to track the large cap US equity market while boosting performance during extreme market moves up or down via a systematic options overlay. The options component of the fund is designed to create a convex equity payoff, with the hopes of increasingly protecting capital as market drawdowns deepen and accelerating performance as market rallies strengthen.
 

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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 10/22/2020

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
Net Expense Ratio
0.28%
CUSIP
82889N103
Total Assets
$8,206,068.76
Shares Outstanding
329,000
Distribution Yield as of 10/22/2020
N/A
SEC 30-Day Yield as of 10/04/2020
1.44%
Unsubsidized 30-Day SEC Yield as of 10/04/2020
1.16%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 10/22/2020
0.15%
NAV
$24.94
NAV Per Share as of 10/22/2020
$24.94
Market Price as of 10/22/2020
$24.98
30-Day Median Bid-Ask Spread
0.24%
Bid/Ask
$24.93/$25.19
Midpoint Price
$25.06
Volume
221,012
NAV Symbol
SPYC.NV
IOPV Symbol
SPYC.IV
Shares Out. Symbol
SPYC.SO
 
The Fund’s adviser has contractually agreed to reduce its management fees, until at least August 31, 2021, to 0.28% of the Fund’s average daily net assets.

Fund Performance

As of 09/30/2020 09/30/2020

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV — — — — -2.75%
Market Price — — — — -2.09%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — -2.75%
Market Price — -2.09%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —

Total returns are based on the closing market price of the ETF on 09/30/2020

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.

The Adviser has voluntarily agreed to limit fees. This agreement may change or end at any time. Performance would have been lower without limitations in effect.

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 2019 3rd Quarter of 2020
Days Traded at Premium
N/A
9
Days Traded at Discount
N/A
9
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 10/22/2020

View All Holdings
Ticker Name Quantity Weight
IVV US ISHARES S+P 500 INDEX FUND 23518 99.12%
SPX US 12/18/20 P1800 S&P 500 Index Dec 2020 1800 Put 24 0.04%
SPX US 03/19/21 P1800 S&P 500 Index Mar 2021 1800 Put 13 0.11%
SPX US 03/19/21 C4400 S&P 500 Index Mar 2021 4400 Call 30 0.11%
SPX US 09/17/21 C4400 S&P 500 Index Sep 2021 4400 Call 19 0.38%
SPX US 09/17/21 P1800 S&P 500 Index Sep 2021 1800 Put 9 0.23%
- Estimated Cash 163 0.00%

Holdings are subject to change without notice.