SVOL

Simplify Volatility Premium ETF

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as of 05/31/2023

NAV

$ 22.08

NAV Change

+ $ 0.05 /0.23%

Price

$ 22.09

Price Change

+ $ 0.06 /0.27%

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.

Fund Overview

As of 05/31/2023

Ticker Symbol
SVOL
Gross Expense Ratio
0.66%
CUSIP
82889N863
Total Assets
$263,296,209.65
Shares Outstanding
11,925,001
SEC 30-Day Yield as of 04/30/2023 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.
2.22%
Unsubsidized 30-Day SEC Yield as of 04/30/2023
2.22%
Distribution Frequency
Monthly
Distribution Yield as of 04/30/2023 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.
17.68%
Options Available
No
Inception Date
05/12/2021
Premium/Discount (%) as of 05/31/2023
0.05%
NAV
$22.08
NAV Per Share as of 05/31/2023
$22.08
Market Price as of 05/31/2023
$22.09
30-Day Median Bid-Ask Spread
0.09%
Bid/Ask
$22.03/$22.09
Midpoint Price
$22.06
Volume
277,647
NAV Symbol
SVOL.NV
IOPV Symbol
Shares Out. Symbol
SVOL.SO

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 0.11%
Acquired Fund Fees and Expenses1,2 0.05%
Total Annual Fund Operating Expenses 0.66%
1. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights located in the prospectus because the financial statements include only the direct operating expenses incurred by the Fund.

Fund Performance

As of 04/30/2023 03/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.43% 0.38% 11.78% 5.32% 15.60% 14.94%
Market Price 1.30% 0.01% 11.76% 5.04% 15.20% 14.17%
Annualized 1 Year 3 Year Since Inception
NAV 15.60% 7.33%
Market Price 15.20% 6.98%
Cumulative 1 Year Since Inception
NAV 6.50% 13.33%
Market Price 6.09% 12.71%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 6.50% 6.86%
Market Price 6.09% 6.56%

Historical Premium/Discount

Calendar Year 2022 1st Quarter of 2023
Days Traded at Premium
165
56
Days Traded at Discount
86
6
Ticker Name Quantity Weight
IBDO ISHARES IBONDS DEC 2023 T 775000 7.44%
IBDP ISHARES IBONDS DEC 2024 T 775000 7.24%
UXN3 IND CBOE VIX FUTURE Jul23 -1411 -10.96%
UXQ3 IND CBOE VIX FUTURE Aug23 -1471 -11.90%
VIX US 08/16/23 C60 VIX Aug 2023 60 Call 26300 0.34%
VIX US 09/20/23 C60 VIX Sep 2023 60 Call 1620 0.03%
- US TREASURY N/ 2.875 6/25 100000 0.04%
- TREASURY BILL DN 6/23 36450000 13.83%
- TREASURY BILL DN 6/23 15000000 5.69%
- TREASURY BILL DN 6/23 102000000 38.67%
- TREASURY BILL DN 8/23 30000000 11.27%
- TREASURY BILL DN 8/23 28000000 10.50%
- TREASURY BILL DN 9/23 2000000 0.75%
- Estimated Net Cash 6495589 2.47%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.32000 $0.00000 $0.00000 $0.00000 $0.32000
$0.32000 $0.00000 $0.00000 $0.00000 $0.32000
$0.32000 $0.00000 $0.00000 $0.00000 $0.32000
$0.32000 $0.00000 $0.00000 $0.00000 $0.32000
$0.32000 $0.00000 $0.00000 $0.00000 $0.32000
View Distribution History