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SVOL

Simplify Volatility Premium ETF

as of 02/21/2024

NAV

$ 22.75

NAV Change

+ $ 0.05 /0.22%

Price

$ 22.75

Price Change

+ $ 0.03 /0.13%

The Simplify Volatility Premium ETF (SVOL) seeks to provide investment results, before fees and expenses, that correspond to approximately one-fifth to three-tenths (-0.2x to -0.3x) the inverse of the performance of the Cboe Volatility Index (VIX) short-term futures index while also seeking to mitigate extreme volatility.

We believe many traditional sources of income are failing to meet investor needs in today’s low yield environment. SVOL aims to provide an attractive income stream and source of diversification while seeking to avoid risks inherent in other income-producing asset classes.

The fund’s short VIX position provides investors an optimized exposure for monetizing the premium in the VIX futures market. A modest option overlay budget is then deployed into VIX call options to help protect against adverse moves in VIX.

SVOL Overview

SVOL Fund Deep Dive Live

Fund Overview

As of 02/21/2024

Ticker Symbol
SVOL
Gross Expense Ratio
1.16%
CUSIP
82889N863
Total Assets
$704,602,633.11
Shares Outstanding
30,975,001
Distribution Yield as of 01/31/2024 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.
15.89%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 01/31/2024 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.
3.37%
Unsubsidized 30-Day SEC Yield as of 01/31/2024
3.37%
Options Available
Yes
Inception Date
05/12/2021
Premium/Discount (%) as of 02/21/2024
0.01%
NAV Per Share as of 02/21/2024
$22.75
Market Price as of 02/21/2024
$22.75
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$22.77/$22.78
Midpoint Price
$22.78
Volume
556,056
NAV Symbol
SVOL.NV
IOPV Symbol
Shares Out. Symbol
SVOL.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 0.66%
Total Annual Fund Operating Expenses 1.16%
1. Amount of interest expense included in percentage.

Fund Performance

As of 01/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.82% 7.30% 7.12% 0.82% 18.22% 35.38%
Market Price 0.92% 7.51% 7.57% 0.92% 18.03% 34.74%
Annualized 1 Year 3 Year Since Inception
NAV 18.22% 11.77%
Market Price 18.03% 11.58%
Cumulative 1 Year Since Inception
NAV 23.05% 34.28%
Market Price 22.84% 33.52%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 23.05% 11.82%
Market Price 22.84% 11.59%

Historical Premium/Discount

Calendar Year 2023 4th Quarter of 2023
Days Traded at Premium
223
55
Days Traded at Discount
27
8

Portfolio Holdings

Ticker Name Quantity Weight
AGGH SIMPLIFY AGGREGATE BOND E 4896707 15.07%
BUCK SIMPLIFY STABLE INCOME ET 3338098 12.03%
CYA SIMPLIFY TAIL RISK STRATE 1325000 0.11%
USH4 COM US LONG BOND(CBT) Mar24 250 4.20%
UXJ4 IND CBOE VIX FUTURE Apr24 -6552 -15.07%
UXK4 IND CBOE VIX FUTURE May24 -766 -1.81%
1CH4P 115.0 Comdty 1CH4P 115.0 Comdty -500 -0.01%
USH4C 119.0 Comdty USH4C 119.0 Comdty -250 0.00%
USH4P 115.0 Comdty USH4P 115.0 Comdty -500 0.00%
USH4P 116.0 Comdty USH4P 116.0 Comdty -250 0.00%
USH4P 117.0 Comdty USH4P 117.0 Comdty -250 -0.01%
USH4P 118.0 Comdty USH4P 118.0 Comdty -250 -0.02%
USM4P 112.0 Comdty USM4P 112.0 Comdty -500 -0.07%
USU4P 110.0 Comdty USU4P 110.0 Comdty -40 -0.01%
VIX US 03/20/24 C50 VIX Mar 2024 50 Call 20000 0.02%
VIX US 04/17/24 C50 VIX Apr 2024 50 Call 20000 0.05%
VIX US 05/22/24 C50 VIX May 2024 50 Call 10000 0.04%
- US TREASURY N/ 2.875 6/25 100000 0.01%
- TREASURY BILL DN 2/24 94000000 13.41%
- TREASURY BILL DN 2/24 40000000 5.71%
- TREASURY BILL DN 4/24 3000000 0.43%
- TREASURY BILL DN 4/24 133500000 18.93%
- TREASURY BILL DN 4/24 107000000 15.18%
- TREASURY BILL DN 4/24 34000000 4.82%
- TREASURY BILL DN 6/24 9000000 1.26%
- TSY INFL IX N/B 0.5 4/24 28600000 4.97%
- Estimated Net Cash 57992219 8.28%

Recent Distributions

Recent Distribution Disclosure

This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. Section 19(a) notices are typically released after a Fund's dividend declaration date. As such, the reported distribution details below are subject to change without notice.

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.14690 $0.00000 $0.00000 $0.15310 $0.30000
$0.16400 $0.00000 $0.00000 $0.14380 $0.30782
$0.11150 $0.00000 $0.00000 $0.18850 $0.30000
$0.04610 $0.00000 $0.00000 $0.25390 $0.30000
$0.04120 $0.00000 $0.00000 $0.25880 $0.30000
View Distribution History

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