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TESL

Simplify Volt TSLA Revolution ETF

As of 05/12/2026

NAV

$ 18.72

NAV Change

- $ 0.75 /3.85%

Price

$ 18.75

Price Change

- $ 0.97 /4.92%

The Simplify Volt TSLA Revolution ETF (TESL) aims to provide capital appreciation by focusing on Tesla, Inc. (NASDAQ: TSLA). 

This fund concentrates on Tesla-related instruments, including common stock, ETFs, swaps, and options, to capture the growth potential of Tesla as a leader in real world AI with self driving vehicles and humanoid robotics technology. 
 

Tesla Dynamic Exposure Algorithm

These indicators collectively help the algorithm determine the current trend's strength and potential duration, allowing the sub-adviser to adjust its target exposure to Tesla stock accordingly as aggressive, bullish or neutral. 

Neutral

Neutral

Leveraged Tesla Exposure    
80%

Bullish

Bullish

Leveraged Tesla Exposure    
100%

Aggressive

Aggressive

Leveraged Tesla Exposure    
150%

Why TESL?

Neutral

Strategy Overview

The Fund concentrates on Tesla-related instruments to capture the growth potential of a leader in real world AI.
 

Neutral

Risk Factors

Concentration in a single issuer may expose the fund to greater volatility than a more diversified portfolio.
 

Neutral

Portfolio Composition

Primarily composed of Tesla common stock, options, and other derivatives in an effort to enhance returns and manage risk.

Documents

As Featured In

Fund Overview

As of 05/12/2026

Ticker Symbol
TESL
Expense Ratio
0.97%
CUSIP
82889N889
Total Assets
$22,926,940.56
Shares Outstanding
1,225,001
Distribution Rate as of 03/31/2026 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.
-
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 03/31/2026
-
30-Day SEC Yield (Unsubsidized) as of 03/31/2026
0.89%
Options Available
Yes
Inception Date
12/28/2020
Premium/Discount (%) as of 05/12/2026
0.18%
NAV Per Share as of 05/12/2026
$18.72
Market Price as of 05/12/2026
$18.75
30-Day Median Bid-Ask Spread
2.02%
Bid/Ask
$18.52/$18.93
Midpoint Price
$18.73
Volume
37,896
NAV Symbol
TESL.NV
IOPV Symbol
—
Shares Out. Symbol
TESL.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.

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 Fees0.95%
Distribution and Service (12b-1) Fees0.00%
Acquired Fund Fees and Expenses10.02%
Total Annual Fund Operating Expenses0.97%

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 because the financial statements include only the direct operating expenses incurred by the Fund. Acquired Fund Fees and Expenses are estimated for the current fiscal year.

Fund Performance (Total Return)

As of 04/30/2026 03/31/2026

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year Since Inception
NAV 2.08% -15.66% -34.39% -20.49% -2.66% 173.17% 69.64% 57.63%
Market Price 1.57% -16.26% -34.30% -21.16% -2.82% 173.22% 69.25% 57.72%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -2.66% 39.79% 11.15% 8.90%
Market Price -2.82% 39.80% 11.10% 8.92%
Cumulative 1 Year 3 Year 5 Year Since Inception
NAV 19.73% 137.03% 68.97% 54.42%
Market Price 20.37% 139.92% 69.55% 55.29%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 19.73% 33.33% 11.06% 8.62%
Market Price 20.37% 33.87% 11.14% 8.74%
Calendar Year NAV Market Price
2025 3.34% 3.72%
2024 149.20% 152.26%
2023 60.05% 58.50%
2022 -61.15% -61.16%
2021 18.42% 18.59%
2020 — —
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. For most recent data please call (855) 772-8488.

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.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2025 1st Quarter of 2026
Days Traded at Premium
141
28
Days Traded at Discount
109
33
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.

Portfolio Holdings

Underlying TSLA Exposure

As of 05/12/2026

Holdings - All ETFs
Ticker Name Quantity Weight
TSLA TESLA INC USD 0.001 21,983 41.56%
- TRSTSLASOFR1MONTH+75 29,143 55.10%
NVDA US 07/17/26 C210 NVDA Jul 2026 210 Call 520 5.14%
NVDA US 07/17/26 C240 NVDA Jul 2026 240 Call -520 -2.09%
SPXW US 05/15/26 P5700 SPXW May 2026 5700 Put -22 0.00%
SPXW US 05/15/26 P6000 SPXW May 2026 6000 Put 22 0.00%
SPXW US 06/18/26 P6225 SPXW Jun 2026 6225 Put -25 -0.10%
SPXW US 06/18/26 P6525 SPXW Jun 2026 6525 Put 25 0.16%
SPXW US 07/17/26 C7600 SPXW Jul 2026 7600 Call 6 0.30%
SPXW US 07/17/26 C7650 SPXW Jul 2026 7650 Call 6 0.25%
SPXW US 07/17/26 C7700 SPXW Jul 2026 7700 Call 5 0.17%
SPXW US 07/17/26 P5700 SPXW Jul 2026 5700 Put -49 -0.27%
SPXW US 07/17/26 P6000 SPXW Jul 2026 6000 Put 49 0.38%
SPXW US 07/31/26 C7900 SPXW Jul 2026 7900 Call 7 0.14%
- TRSBA0016 44,740 4.98%
- TRSBA0016 00001 -1,139,080 -4.97%
T Bills UNITED STS TREAS BILLS 0.0 23JUN26 1,700,000 7.38%
T Bills UNITED STS TREAS BILLS 0.0 21JUL26 4,850,000 21.01%
T Bills UNITED STS TREAS BILLS 0.0 04AUG26 800,000 3.46%
T Bills UNITED STS TREAS BILLS 0.0 01SEP26 1,200,000 5.18%
T Bills UNITED STS TREAS BILLS 0.0 15OCT26 500,000 2.15%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.00000
$6.71992
$1.00000
$0.15000
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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