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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 04/12/2024

NAV

$ 33.81

NAV Change

- $ 0.64 /1.86%

Price

$ 33.74

Price Change

- $ 0.73 /2.12%

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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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 04/12/2024

Ticker Symbol
SPYC
Gross Expense Ratio
0.52%
CUSIP
82889N103
Total Assets
$65,082,779.02
Shares Outstanding
1,925,001
Distribution Yield as of 03/31/2024 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
1.14%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 03/31/2024 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.
0.80%
Unsubsidized 30-Day SEC Yield as of 03/31/2024
0.80%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 04/12/2024
-0.20%
NAV Per Share as of 04/12/2024
$33.81
Market Price as of 04/12/2024
$33.74
30-Day Median Bid-Ask Spread
0.23%
Bid/Ask
$33.74/$33.87
Midpoint Price
$33.81
Volume
4,759
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 Expenses1 0.00%
Acquired Fund Fees and Expenses2 0.02%
Total Annual Fund Operating Expenses 0.52%
1. Other Expenses have been restated. The Fund no longer engages in transactions that incur interest expense.

2. 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 03/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.62% 13.71% 26.77% 13.71% 32.27% 47.05%
Market Price 4.28% 13.91% 26.70% 13.91% 32.48% 48.01%
S&P 500 Index 3.22% 10.56% 23.48% 10.56% 29.88% 55.17%
Annualized 1 Year 3 Year Since Inception
NAV 32.27% 8.82% 11.40%
Market Price 32.48% 8.81% 11.61%
Cumulative 1 Year Since Inception
NAV 32.27% 47.05%
Market Price 32.48% 48.01%
S&P 500 Index 29.88% 55.17%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 32.27% 8.82% 11.40%
Market Price 32.48% 8.81% 11.61%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
51
22
Days Traded at Discount
199
39

Portfolio Holdings

Ticker Name Quantity Weight
IVV ISHARES S+P 500 INDEX FUND 124633 98.30%
SPXW US 04/19/24 P3840 SPXW Apr 2024 3840 Put -170 0.00%
SPXW US 04/19/24 P4075 SPXW Apr 2024 4075 Put 170 0.01%
SPXW US 05/17/24 C5280 SPXW May 2024 5280 Call 24 0.12%
SPXW US 05/17/24 C5525 SPXW May 2024 5525 Call -24 -0.01%
SPXW US 05/17/24 P4025 SPXW May 2024 4025 Put -156 -0.06%
SPXW US 05/17/24 P4280 SPXW May 2024 4280 Put 156 0.10%
SPXW US 06/21/24 C5350 SPXW Jun 2024 5350 Call 125 0.92%
SPXW US 06/21/24 C5550 SPXW Jun 2024 5550 Call -125 -0.21%
SPXW US 06/21/24 P4090 SPXW Jun 2024 4090 Put -146 -0.18%
SPXW US 06/21/24 P4350 SPXW Jun 2024 4350 Put 146 0.29%
SPXW US 07/19/24 C5480 SPXW Jul 2024 5480 Call 118 0.67%
SPXW US 07/19/24 C5750 SPXW Jul 2024 5750 Call -118 -0.11%
- Estimated Cash 101388 0.16%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.11361 $0.00000 $0.00000 $0.00000 $0.11361
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.19000 $0.00000 $0.00000 $0.00000 $0.19000
$0.14000 $0.00000 $0.00000 $0.00000 $0.14000
View Distribution History

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