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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 05/19/2025

NAV

$ 40.36

NAV Change

+ $ 0.03 /0.07%

Price

$ 40.36

Price Change

+ $ 0.03 /0.07%

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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Fund Overview

As of 05/19/2025

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
CUSIP
82889N103
Total Assets
$82,745,012.41
Shares Outstanding
2,050,001
Distribution Rate as of 03/31/2025 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.
0.93%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 04/30/2025 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 04/30/2025
0.90%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 05/19/2025
-0.01%
NAV Per Share as of 05/19/2025
$40.36
Market Price as of 05/19/2025
$40.36
30-Day Median Bid-Ask Spread
0.48%
Bid/Ask
$40.24/$40.56
Midpoint Price
$40.40
Volume
2,209
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 Fees0.50%
Distribution and Service (12b-1) Fees0.00%
Other Expenses0.00%
Acquired Fund Fees and Expenses10.03%
Total Annual Fund Operating Expenses0.53%

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 (Total Return)

As of 04/30/2025 03/31/2025

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 7.03% -4.72% -0.49% -1.01% 13.36% 56.35%
Market Price 7.23% -4.58% -0.59% -1.09% 13.35% 57.57%
Annualized 1 Year 3 Year Since Inception
NAV 13.36% 9.48% 10.08%
Market Price 13.35% 9.53% 10.27%
Cumulative 1 Year Since Inception
NAV -0.65% 46.09%
Market Price -0.72% 46.94%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -0.65% 3.86% 8.64%
Market Price -0.72% 3.77% 8.79%

Historical Premium/Discount

Calendar Year 2024 1st Quarter of 2025
Days Traded at Premium
105
38
Days Traded at Discount
147
22

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 133,712 96.60%
SPXW US 05/21/25 C6000 SPXW May 2025 6000 Call 252 0.31%
SPXW US 05/23/25 P5800 SPXW May 2025 5800 Put 152 0.09%
SPXW US 05/30/25 P5300 SPXW May 2025 5300 Put 58 0.01%
SPXW US 06/06/25 C6100 SPXW Jun 2025 6100 Call 198 0.62%
SPXW US 06/20/25 P5550 SPXW Jun 2025 5550 Put 61 0.17%
SPXW US 06/30/25 C6200 SPXW Jun 2025 6200 Call 99 0.37%
SPXW US 07/18/25 C6300 SPXW Jul 2025 6300 Call 223 0.80%
- Estimated Cash 132,725 0.16%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.08000
$0.10000
$0.08000
$0.10000
View Distribution History

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