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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 02/07/2025

NAV

$ 38.43

NAV Change

- $ 0.45 /1.16%

Price

$ 38.44

Price Change

- $ 0.46 /1.18%

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 02/07/2025

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
CUSIP
82889N103
Total Assets
$72,061,037.06
Shares Outstanding
1,875,001
Distribution Rate as of 12/31/2024 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.
1.07%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 12/31/2024 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 12/31/2024
0.82%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 02/07/2025
0.02%
NAV Per Share as of 02/07/2025
$38.43
Market Price as of 02/07/2025
$38.44
30-Day Median Bid-Ask Spread
0.28%
Bid/Ask
$38.40/$38.53
Midpoint Price
$38.47
Volume
1,286
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 Expenses 0.00%
Acquired Fund Fees and Expenses1 0.03%
Total Annual Fund Operating Expenses 0.53%
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

As of 01/31/2025 12/31/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 3.89% 4.44% 6.98% 3.89% 25.04% 64.10%
Market Price 3.66% 4.18% 6.96% 3.66% 25.30% 65.13%
S&P 500 Index 2.78% 6.22% 10.12% 2.78% 26.38% 80.35%
Annualized 1 Year 3 Year Since Inception
NAV 25.04% 7.91% 11.88%
Market Price 25.30% 8.77% 12.05%
Cumulative 1 Year Since Inception
NAV 22.14% 57.95%
Market Price 22.60% 59.30%
S&P 500 Index 25.02% 75.47%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 22.14% 4.16% 11.14%
Market Price 22.60% 4.14% 11.37%

Historical Premium/Discount

Calendar Year 2024 4th Quarter of 2024
Days Traded at Premium
105
33
Days Traded at Discount
147
31

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 117,696 98.62%
GLD US 02/14/25 P239 GLD Feb 2025 239 Put 634 0.00%
GLD US 02/14/25 P248 GLD Feb 2025 248 Put -634 0.00%
GLD US 02/19/25 P245 GLD Feb 2025 245 Put 706 0.00%
GLD US 02/19/25 P253 GLD Feb 2025 253 Put -706 -0.02%
GLD US 02/21/25 P246 GLD Feb 2025 246 Put 728 0.02%
GLD US 02/21/25 P254 GLD Feb 2025 254 Put -728 -0.04%
MSTR US 02/14/25 P210 MSTR Feb 2025 210 Put 87 0.00%
MSTR US 02/14/25 P220 MSTR Feb 2025 220 Put 86 0.00%
MSTR US 02/14/25 P275 MSTR Feb 2025 275 Put -87 -0.01%
MSTR US 02/14/25 P285 MSTR Feb 2025 285 Put -86 -0.02%
MSTR US 02/21/25 P225 MSTR Feb 2025 225 Put 106 0.01%
MSTR US 02/21/25 P280 MSTR Feb 2025 280 Put -106 -0.05%
NDX US 02/21/25 P19400 NASDAQ 100 Feb 2025 19400 Put 5 0.01%
NDX US 02/21/25 P20460 NASDAQ 100 Feb 2025 20460 Put -5 -0.03%
NDXP US 02/14/25 P19300 NDXP Feb 2025 19300 Put 5 0.00%
NDXP US 02/14/25 P20400 NDXP Feb 2025 20400 Put -5 -0.01%
NDXP US 02/19/25 P18800 NDXP Feb 2025 18800 Put 4 0.00%
NDXP US 02/19/25 P20050 NDXP Feb 2025 20050 Put -4 -0.01%
RUTW US 02/12/25 P2035 RUTW Feb 2025 2035 Put 47 0.00%
RUTW US 02/12/25 P2155 RUTW Feb 2025 2155 Put -47 -0.01%
RUTW US 02/14/25 P2030 RUTW Feb 2025 2030 Put 43 0.00%
RUTW US 02/14/25 P2160 RUTW Feb 2025 2160 Put -43 -0.01%
RUTW US 02/19/25 P2055 RUTW Feb 2025 2055 Put 51 0.01%
RUTW US 02/19/25 P2165 RUTW Feb 2025 2165 Put -51 -0.03%
RUTW US 02/21/25 P2025 RUTW Feb 2025 2025 Put 42 0.01%
SPX US 02/21/25 P4700 S&P 500 Index Feb 2025 4700 Put -121 -0.02%
SPX US 02/21/25 P4990 S&P 500 Index Feb 2025 4990 Put 121 0.02%
SPXW US 02/10/25 C6175 SPXW Feb 2025 6175 Call 121 0.00%
SPXW US 02/12/25 P5750 SPXW Feb 2025 5750 Put 48 0.01%
SPXW US 02/14/25 C6070 SPXW Feb 2025 6070 Call 14 0.05%
SPXW US 02/14/25 P5520 SPXW Feb 2025 5520 Put 18 0.00%
SPXW US 02/14/25 P5700 SPXW Feb 2025 5700 Put 93 0.02%
SPXW US 02/19/25 P5350 SPXW Feb 2025 5350 Put 14 0.00%
SPXW US 02/19/25 P5450 SPXW Feb 2025 5450 Put 17 0.00%
SPXW US 02/19/25 P5760 SPXW Feb 2025 5760 Put -17 -0.01%
SPXW US 02/21/25 C6150 SPXW Feb 2025 6150 Call 15 0.02%
SPXW US 02/21/25 P5500 SPXW Feb 2025 5500 Put 19 0.01%
SPXW US 02/21/25 P5790 SPXW Feb 2025 5790 Put -19 -0.03%
SPXW US 02/26/25 P5400 SPXW Feb 2025 5400 Put 15 0.01%
SPXW US 02/28/25 C6100 SPXW Feb 2025 6100 Call 18 0.11%
SPXW US 03/07/25 C6120 SPXW Mar 2025 6120 Call 21 0.13%
SPXW US 03/21/25 P4775 SPXW Mar 2025 4775 Put -93 -0.06%
SPXW US 03/21/25 P5060 SPXW Mar 2025 5060 Put 93 0.09%
SPXW US 04/17/25 P4800 SPXW Apr 2025 4800 Put -120 -0.17%
SPXW US 04/17/25 P5100 SPXW Apr 2025 5100 Put 120 0.25%
- Estimated Cash 835,784 1.16%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.10000
$0.08000
$0.10000
$0.10000
Recent Distribution Disclosure
View Distribution History Supplemental Tax Information: S19(a) Notices

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