SVOL

Simplify Volatility Premium ETF

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as of 02/06/2023

NAV

$ 22.46

NAV Change

- $ 0.15 /0.66%

Price

$ 22.57

Price Change

- $ 0.08 /0.35%

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.

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Documents

Fund Overview

As of 02/06/2023

Ticker Symbol
SVOL
Gross Expense Ratio
0.66%
CUSIP
82889N863
Total Assets
$156,099,980.94
Shares Outstanding
6,950,001
SEC 30-Day Yield as of 12/31/2022 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.
2.77%
Unsubsidized 30-Day SEC Yield as of 12/31/2022
2.77%
Distribution Frequency
Monthly
Distribution Yield as of 12/31/2022 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.
19.16%
Options Available
No
Inception Date
05/12/2021
Premium/Discount (%) as of 02/06/2023
0.49%
NAV
$22.46
NAV Per Share as of 02/06/2023
$22.46
Market Price as of 02/06/2023
$22.57
30-Day Median Bid-Ask Spread
0.13%
Bid/Ask
$22.49/$22.57
Midpoint Price
$22.53
Volume
155,039
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 01/31/2023 12/31/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.93% 11.36% 7.09% 4.93% 5.11% 14.51%
Market Price 5.03% 11.74% 7.50% 5.03% 5.53% 14.16%
Annualized 1 Year 3 Year Since Inception
NAV 5.11% — 8.18%
Market Price 5.53% — 8.00%
Cumulative 1 Year Since Inception
NAV -4.57% 9.14%
Market Price -3.21% 8.69%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -4.57% — — 5.48%
Market Price -3.21% — — 5.23%
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.

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 2022 4th Quarter of 2022
Days Traded at Premium
164
48
Days Traded at Discount
86
15
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.
Ticker Name Quantity Weight
UXG3 IND CBOE VIX FUTURE Feb23 -548 -7.08%
UVXY US 03/17/23 C13 UVXY Mar 2023 13 Call 11157 0.08%
UXH3 IND CBOE VIX FUTURE Mar23 -1061 -14.34%
UVXY US 04/21/23 C10 UVXY Apr 2023 10 Call 9938 0.19%
- TREASURY BILL DN 6/23 45300000 28.78%
- US TREASURY N/ 0.375 9/24 44000000 26.53%
- US TREASURY N/ 0.375 9/24 17000000 10.25%
- US TREASURY N/ 2.875 6/25 17500000 10.94%
- Estimated Net Cash 36524125 23.57%

Holdings are subject to change without notice.

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
$0.34894 $0.00000 $0.00000 $0.00000 $0.34894
$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