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SPYC

Simplify US Equity PLUS Convexity ETF

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As of 09/12/2025

NAV

$ 42.48

NAV Change

- $ 0.22 /0.52%

Price

$ 42.53

Price Change

- $ 0.25 /0.58%

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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Documents

Fund Overview

As of 09/12/2025

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
CUSIP
82889N103
Total Assets
$93,457,045.26
Shares Outstanding
2,200,001
Distribution Rate as of 06/30/2025 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.
0.97%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 08/31/2025 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 08/31/2025
0.74%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 09/12/2025
0.12%
NAV Per Share as of 09/12/2025
$42.48
Market Price as of 09/12/2025
$42.53
30-Day Median Bid-Ask Spread
0.29%
Bid/Ask
$42.42/$42.58
Midpoint Price
$42.50
Volume
2,480
NAV Symbol
SPYC.NV
IOPV Symbol
SPYC.IV
Shares Out. Symbol
SPYC.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distribution includes an estimated 22% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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 08/31/2025 06/30/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.81% 6.16% 12.16% 11.61% 12.66% 76.29%
Market Price 1.77% 5.86% 11.95% 11.17% 12.51% 77.08%
Annualized 1 Year 3 Year Since Inception
NAV 12.66% 16.08% 12.03%
Market Price 12.51% 16.19% 12.14%
Cumulative 1 Year Since Inception
NAV 14.71% 75.01%
Market Price 15.11% 76.70%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 14.71% 17.01% — 12.31%
Market Price 15.11% 17.26% — 12.54%
Calendar Year NAV Market Price
2024 22.14% 22.60%
2023 24.01% 23.93%
2022 -25.39% -25.65%
2021 28.99% 29.26%
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. For most recent data please call (855) 772-8488.

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.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2024 2nd Quarter of 2025
Days Traded at Premium
105
35
Days Traded at Discount
147
27
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 09/12/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 139,748 98.80%
NDXP US 09/24/25 P21600 NDXP Sep 2025 21600 Put 7 0.01%
NDXP US 09/24/25 P22600 NDXP Sep 2025 22600 Put -7 -0.02%
NDXP US 09/26/25 P22000 NDXP Sep 2025 22000 Put 14 0.03%
NDXP US 09/26/25 P23000 NDXP Sep 2025 23000 Put -14 -0.08%
RUTW US 09/19/25 P2170 RUTW Sep 2025 2170 Put 70 0.01%
RUTW US 09/19/25 P2270 RUTW Sep 2025 2270 Put -70 -0.02%
RUTW US 09/24/25 P2140 RUTW Sep 2025 2140 Put 70 0.01%
RUTW US 09/24/25 P2240 RUTW Sep 2025 2240 Put -70 -0.02%
RUTW US 09/26/25 P2175 RUTW Sep 2025 2175 Put 146 0.03%
RUTW US 09/26/25 P2275 RUTW Sep 2025 2275 Put -146 -0.10%
SPXW US 09/15/25 C6615 SPXW Sep 2025 6615 Call 766 0.15%
SPXW US 09/15/25 P6315 SPXW Sep 2025 6315 Put 147 0.01%
SPXW US 09/19/25 C6535 SPXW Sep 2025 6535 Call 25 0.20%
SPXW US 09/19/25 P4950 SPXW Sep 2025 4950 Put -67 0.00%
SPXW US 09/19/25 P5250 SPXW Sep 2025 5250 Put 67 0.00%
SPXW US 09/19/25 P6200 SPXW Sep 2025 6200 Put 111 0.03%
SPXW US 09/24/25 P5950 SPXW Sep 2025 5950 Put 23 0.00%
SPXW US 09/24/25 P6250 SPXW Sep 2025 6250 Put -23 -0.01%
SPXW US 09/26/25 P6050 SPXW Sep 2025 6050 Put 46 0.02%
SPXW US 09/26/25 P6350 SPXW Sep 2025 6350 Put -46 -0.05%
SPXW US 10/03/25 C6670 SPXW Oct 2025 6670 Call 26 0.10%
SPXW US 10/17/25 P5050 SPXW Oct 2025 5050 Put -131 -0.04%
SPXW US 10/17/25 P5350 SPXW Oct 2025 5350 Put 131 0.06%
SPXW US 11/21/25 P5200 SPXW Nov 2025 5200 Put -142 -0.16%
SPXW US 11/21/25 P5500 SPXW Nov 2025 5500 Put 142 0.24%
- Estimated Cash 753,731 0.81%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.10000
$0.08000
$0.10000
$0.08000
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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