SPYC

Simplify US Equity PLUS Convexity ETF

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as of 01/24/2022

NAV

$ 31.49

NAV Change

+ $ 0.09 /0.29%

Price

$ 31.54

Price Change

+ $ 0.24 /0.77%

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 01/24/2022

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
Net Expense Ratio
0.28%
CUSIP
82889N103
Total Assets
$107,991,680.42
Shares Outstanding
3,429,000
SEC 30-Day Yield as of 12/31/2021
0.93%
Unsubsidized 30-Day SEC Yield as of 12/31/2021
0.68%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 01/24/2022
0.15%
NAV
$31.49
NAV Per Share as of 01/24/2022
$31.49
Market Price as of 01/24/2022
$31.54
30-Day Median Bid-Ask Spread
0.32%
Bid/Ask
$31.39/$31.76
Midpoint Price
$31.58
Volume
47,326
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 October 31, 2022, to 0.28% of the Fund’s average daily net assets.

Fund Performance

As of 12/31/2021 12/31/2021

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV 4.74% 12.18% 13.00% 28.99% 39.76%
Market Price 3.30% 12.77% 13.30% 29.26% 41.02%
S&P 500 Index Total Return 3.72% 10.2% 12.36% 29.65% 40.45%
Annualized 1 Year 3 Year Since Inception
NAV 28.99% — 28.72%
Market Price 29.26% — 29.66%
Cumulative 1 Year Since Inception
NAV 28.99% 39.76%
Market Price 29.26% 41.02%
S&P 500 Index Total Return 29.65% 40.45%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 28.99% — — 28.72%
Market Price 29.26% — — 29.66%
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.

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 2021 4th Quarter of 2021
Days Traded at Premium
160
33
Days Traded at Discount
90
30
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 01/24/2022

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 239200 97.80%
SPXW US 01/31/22 P4250 SPXW Jan 2022 4250 Put 26 0.07%
SPXW US 01/31/22 P4150 SPXW Jan 2022 4150 Put -25 -0.04%
SPX US 03/18/22 C5000 S&P 500 Index Mar 2022 5000 Call 204 0.07%
SPX US 03/18/22 P2000 S&P 500 Index Mar 2022 2000 Put 76 0.01%
SPX US 04/14/22 P3900 S&P 500 Index Apr 2022 3900 Put 175 1.20%
SPX US 04/14/22 P3660 S&P 500 Index Apr 2022 3660 Put -175 -0.77%
SPX US 06/17/22 P2000 S&P 500 Index Jun 2022 2000 Put 84 0.07%
SPY US 09/16/22 P210 SPY Sep 2022 210 Put 1211 0.20%
SPY US 09/16/22 C510 SPY Sep 2022 510 Call 598 0.19%
SPY US 09/16/22 P185 SPY Sep 2022 185 Put -1208 -0.14%
SPY US 12/16/22 P225 SPY Dec 2022 225 Put 827 0.23%
SPX US 03/17/23 P2400 S&P 500 Index Mar 2023 2400 Put 73 0.31%
SPY US 03/17/23 C510 SPY Mar 2023 510 Call 336 0.30%
SPX US 06/16/23 C5600 S&P 500 Index Jun 2023 5600 Call 111 0.43%
- Estimated Cash 68062 0.06%

Holdings are subject to change without notice.