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XV

Simplify Target 15 Distribution ETF

As of 06/30/2025

NAV

$ 26.33

NAV Change

+ $ 0.02 /0.08%

Price

$ 26.63

Price Change

+ $ 0.05 /0.19%

The Simplify Target 15 Distribution ETF (XV) seeks to provide a 15% annualized distribution rate (paid monthly) by selling barrier put options. 

In exchange for accepting the risk of a loss defined by the barrier levels, investors can expect higher levels of income than can be found in traditional fixed income products.

Adding XV to a portfolio provides a source of potential income differentiated from traditional fixed income or volatility selling strategies.

SBAR/XV Fund Deep Dive

SBAR/XV Fund Deep Dive Live

Fund Overview

As of 06/30/2025

Ticker Symbol
XV
Gross Expense Ratio
0.75%
CUSIP
82889N350
Total Assets
$47,402,441.71
Shares Outstanding
1,800,001
Distribution Rate as of 05/31/2025 Distribution rate 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 rate.
Distribution Rate Close
Distribution rate 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 rate.
14.93%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2025 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.
-
30-Day SEC Yield (Unsubsidized) as of 05/31/2025
3.61%
Options Available
No
Inception Date
04/14/2025
Premium/Discount (%) as of 06/30/2025
1.12%
NAV Per Share as of 06/30/2025
$26.33
Market Price as of 06/30/2025
$26.63
30-Day Median Bid-Ask Spread
0.99%
Bid/Ask
$26.37/$26.63
Midpoint Price
$26.50
Volume
31,193
NAV Symbol
XV.NV
IOPV Symbol
XV.IV
Shares Out. Symbol
XV.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 Fees0.75%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.00%
Total Annual Fund Operating Expenses0.75%

1. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance (Total Return)

As of 05/31/2025 03/31/2025

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.71% 4.16%
Market Price 0.92% 4.07%
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV
Market Price
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Portfolio Holdings

Ticker Name Quantity Weight
- OTC MS SPX RTY INX 06/05/25 .75 -2,670,000 -0.13%
OTC HSBC SPX 6/18/26 P100/75 OTC Jun 2026 100 Put -10,000,000 -0.54%
OTC NOM SPX 6/26/26 P100/71 OTC Jun 2026 100 Put -11,000,000 -0.87%
OTC NOM SPX/RTY/NDX WOF 6/12/26 P100%/75% NC2 EKI OTC Jun 2026 100 Put -14,500,000 -0.62%
T Bills UNITED STS TREAS BILLS 0.0 12AUG25 27,250,000 57.20%
T Bills UNITED STS TREAS BILLS 0.0 26AUG25 16,500,000 34.57%
T Bills UNITED STS TREAS BILLS 0.0 30SEP25 4,500,000 9.39%
- Estimated Cash 475,189 1.00%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.33000
$0.32000
View Distribution History

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