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SPD

Simplify US Equity PLUS Downside Convexity ETF

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as of 02/20/2025

NAV

$ 34.69

NAV Change

- $ 0.15 /0.43%

Price

$ 34.68

Price Change

- $ 0.14 /0.40%

The Simplify US Equity PLUS Downside Convexity ETF (SPD) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves down via a systematic options overlay. 

The fund's core holding gives investors a low-cost, index-based exposure to US large caps. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.

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Documents

Fund Overview

As of 02/20/2025

Ticker Symbol
SPD
Gross Expense Ratio
0.53%
CUSIP
82889N202
Total Assets
$142,210,754.84
Shares Outstanding
4,100,001
Distribution Rate as of 12/31/2024 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.
1.20%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 01/31/2025 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 01/31/2025
0.78%
Options Available
Yes
Inception Date
09/03/2020
Premium/Discount (%) as of 02/20/2025
-0.02%
NAV Per Share as of 02/20/2025
$34.69
Market Price as of 02/20/2025
$34.68
30-Day Median Bid-Ask Spread
0.26%
Bid/Ask
$34.64/$34.73
Midpoint Price
$34.69
Volume
8,982
NAV Symbol
SPD.NV
IOPV Symbol
SPD.IV
Shares Out. Symbol
SPD.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 rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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 0.00%
Acquired Fund Fees and Expenses1 0.03%
Total Annual Fund Operating Expenses 0.53%
1. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do 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.

Fund Performance

As of 01/31/2025 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 2.94% 4.51% 5.85% 2.94% 19.41% 46.31%
Market Price 3.12% 4.26% 5.86% 3.12% 19.30% 47.23%
S&P 500 Index 2.78% 6.22% 10.12% 2.78% 26.38% 80.35%
Annualized 1 Year 3 Year Since Inception
NAV 19.41% 4.67% 9.01%
Market Price 19.30% 4.50% 9.17%
Cumulative 1 Year Since Inception
NAV 17.57% 42.13%
Market Price 17.51% 42.78%
S&P 500 Index 25.02% 75.47%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 17.57% 1.91% — 8.47%
Market Price 17.51% 1.70% — 8.59%
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.

Historical Premium/Discount

Calendar Year 2024 4th Quarter of 2024
Days Traded at Premium
131
37
Days Traded at Discount
121
27
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

As of 02/20/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 231,062 99.67%
GLD US 02/21/25 P246 GLD Feb 2025 246 Put 909 0.00%
GLD US 02/21/25 P254 GLD Feb 2025 254 Put -909 0.00%
GLD US 02/26/25 P245 GLD Feb 2025 245 Put 605 0.00%
GLD US 02/26/25 P257 GLD Feb 2025 257 Put -605 0.00%
GLD US 03/05/25 P250 GLD Mar 2025 250 Put 736 0.00%
GLD US 03/05/25 P260 GLD Mar 2025 260 Put -736 -0.01%
MSTR US 02/21/25 P240 MSTR Feb 2025 240 Put 145 0.00%
MSTR US 02/21/25 P290 MSTR Feb 2025 290 Put -145 0.00%
MSTR US 02/28/25 P220 MSTR Feb 2025 220 Put 132 0.00%
MSTR US 02/28/25 P275 MSTR Feb 2025 275 Put -132 -0.01%
MSTR US 03/07/25 P225 MSTR Mar 2025 225 Put 165 0.01%
MSTR US 03/07/25 P270 MSTR Mar 2025 270 Put -165 -0.02%
NDXP US 02/28/25 P19650 NDXP Feb 2025 19650 Put 6 0.00%
NDXP US 02/28/25 P20850 NDXP Feb 2025 20850 Put -6 -0.01%
NDXP US 03/05/25 P19750 NDXP Mar 2025 19750 Put 6 0.00%
NDXP US 03/05/25 P20925 NDXP Mar 2025 20925 Put -6 -0.01%
NDXP US 03/07/25 P19700 NDXP Mar 2025 19700 Put 5 0.00%
NDXP US 03/07/25 P21000 NDXP Mar 2025 21000 Put -5 -0.02%
RUTW US 02/28/25 P2050 RUTW Feb 2025 2050 Put 60 0.00%
RUTW US 02/28/25 P2170 RUTW Feb 2025 2170 Put -60 -0.01%
RUTW US 03/05/25 P2075 RUTW Mar 2025 2075 Put 66 0.01%
RUTW US 03/05/25 P2185 RUTW Mar 2025 2185 Put -66 -0.03%
SPX US 02/21/25 P4700 S&P 500 Index Feb 2025 4700 Put -305 0.00%
SPX US 02/21/25 P4990 S&P 500 Index Feb 2025 4990 Put 305 0.00%
SPXW US 02/21/25 P5825 SPXW Feb 2025 5825 Put 236 0.00%
SPXW US 02/26/25 P5835 SPXW Feb 2025 5835 Put 219 0.02%
SPXW US 02/28/25 C6100 SPXW Feb 2025 6100 Call 14 0.05%
SPXW US 02/28/25 C6265 SPXW Feb 2025 6265 Call 104 0.01%
SPXW US 02/28/25 P5450 SPXW Feb 2025 5450 Put 21 0.00%
SPXW US 02/28/25 P5785 SPXW Feb 2025 5785 Put -21 0.00%
SPXW US 03/05/25 P5525 SPXW Mar 2025 5525 Put 21 0.00%
SPXW US 03/05/25 P5860 SPXW Mar 2025 5860 Put -21 -0.01%
SPXW US 03/07/25 C6120 SPXW Mar 2025 6120 Call 16 0.07%
SPXW US 03/07/25 C6150 SPXW Mar 2025 6150 Call 7 0.02%
SPXW US 03/07/25 P5550 SPXW Mar 2025 5550 Put 20 0.00%
SPXW US 03/07/25 P5900 SPXW Mar 2025 5900 Put -20 -0.01%
SPXW US 03/21/25 P4775 SPXW Mar 2025 4775 Put -335 -0.07%
SPXW US 03/21/25 P5060 SPXW Mar 2025 5060 Put 335 0.09%
SPXW US 04/17/25 P4800 SPXW Apr 2025 4800 Put -467 -0.22%
SPXW US 04/17/25 P5100 SPXW Apr 2025 5100 Put 467 0.32%
- Estimated Cash 223,610 0.16%
 
Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.10000
$0.08000
$0.10000
$0.10000
View Distribution History
Supplemental Information: S19(a) Notices

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