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SVOL

Simplify Volatility Premium ETF

as of 05/24/2024

NAV

$ 22.64

NAV Change

- $ 0.23 /1.01%

Price

$ 22.67

Price Change

- $ 0.22 /0.96%

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 Fund Deep Dive

SVOL Fund Deep Dive Live

Fund Overview

As of 05/24/2024

Ticker Symbol
SVOL
Gross Expense Ratio
1.16%
CUSIP
82889N863
Total Assets
$959,343,862.86
Shares Outstanding
42,375,001
Distribution Yield as of 04/30/2024 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.
16.27%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 04/30/2024 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.
3.96%
Unsubsidized 30-Day SEC Yield as of 04/30/2024
3.96%
Options Available
Yes
Inception Date
05/12/2021
Premium/Discount (%) as of 05/24/2024
0.14%
NAV Per Share as of 05/24/2024
$22.64
Market Price as of 05/24/2024
$22.67
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$22.65/$22.66
Midpoint Price
$22.66
Volume
765,591
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 04/30/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.07% 1.66% 9.08% 2.49% 19.74% 37.62%
Market Price -0.92% 1.59% 9.22% 2.52% 19.89% 36.88%
Annualized 1 Year 3 Year Since Inception
NAV 19.74% 11.36%
Market Price 19.89% 11.17%
Cumulative 1 Year Since Inception
NAV 22.75% 39.11%
Market Price 22.58% 38.15%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 22.75% 12.12%
Market Price 22.58% 11.87%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
223
50
Days Traded at Discount
27
11

Portfolio Holdings

Ticker Name Quantity Weight
AGGH SIMPLIFY AGGREGATE BOND E 4896741 10.62%
BUCK SIMPLIFY STABLE INCOME ET 3216098 8.27%
CDX SIMPLIFY HIGH YIELD PL CR 3949956 9.41%
MTBA SIMPLIFY MBS ETF 884453 4.63%
UXN4 IND CBOE VIX FUTURE Jul24 -8998 -13.43%
1CM4C 121.0 Comdty 1CM4C 121.0 Comdty -500 0.00%
1CM4P 114.0 Comdty 1CM4P 114.0 Comdty -500 0.00%
5CK4P 116.0 Comdty 5CK4P 116.0 Comdty -500 -0.01%
5CK4P 116.5 Comdty 5CK4P 116.5 Comdty -500 -0.01%
5CK4P 117.0 Comdty 5CK4P 117.0 Comdty -500 -0.03%
SPXW US 05/28/24 P4950 SPXW May 2024 4950 Put 1822 0.00%
SPXW US 06/03/24 P4500 SPXW Jun 2024 4500 Put -1814 0.00%
SPXW US 06/03/24 P4950 SPXW Jun 2024 4950 Put 1814 0.01%
TUN4C 104.000 Comdty TUN4C 104.000 Comdty 2000 0.00%
TUN4C 104.500 Comdty TUN4C 104.500 Comdty 1000 0.00%
USN4P 112.0 Comdty USN4P 112.0 Comdty -500 0.00%
VIX US 06/18/24 C50 VIX Jun 2024 50 Call 18240 0.01%
VIX US 07/17/24 C50 VIX Jul 2024 50 Call 15419 0.02%
VIX US 08/21/24 C50 VIX Aug 2024 50 Call 37437 0.08%
VIX US 09/18/24 C50 VIX Sep 2024 50 Call 34144 0.09%
- US TREASURY N/ 2.875 6/25 100000 0.01%
- TREASURY BILL DN 7/24 358006000 37.11%
- TREASURY BILL DN 7/24 288500000 29.91%
- Estimated Net Cash -3276972 -0.34%

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
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.14690 $0.00000 $0.00000 $0.15310 $0.30000
View Distribution History

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