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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 01/17/2025

NAV

$ 38.48

NAV Change

+ $ 0.57 /1.50%

Price

$ 38.56

Price Change

+ $ 0.63 /1.66%

The Simplify US Equity PLUS Convexity ETF (SPYC) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves up or 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 convexity in the fund. 

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Documents

Fund Overview

As of 01/17/2025

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
CUSIP
82889N103
Total Assets
$72,148,194.02
Shares Outstanding
1,875,001
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.
1.07%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 12/31/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 12/31/2024
0.82%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 01/17/2025
0.21%
NAV Per Share as of 01/17/2025
$38.48
Market Price as of 01/17/2025
$38.56
30-Day Median Bid-Ask Spread
0.29%
Bid/Ask
$38.43/$38.61
Midpoint Price
$38.52
Volume
9,307
NAV Symbol
SPYC.NV
IOPV Symbol
SPYC.IV
Shares Out. Symbol
SPYC.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 12/31/2024 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -6.58% -0.96% 3.53% 22.15% 22.15% 57.96%
Market Price -6.27% -0.64% 3.78% 22.60% 22.60% 59.30%
S&P 500 Index -2.38% 2.41% 8.44% 25.02% 25.02% 75.47%
Annualized 1 Year 3 Year Since Inception
NAV 22.15% 4.16% 11.15%
Market Price 22.60% 4.14% 11.37%
Cumulative 1 Year Since Inception
NAV 22.15% 57.96%
Market Price 22.60% 59.30%
S&P 500 Index 25.02% 75.47%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 22.15% 4.16% — 11.15%
Market Price 22.60% 4.14% — 11.37%
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
105
33
Days Traded at Discount
147
31
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 01/17/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 118,788 98.83%
GLD US 01/29/25 P231 GLD Jan 2025 231 Put 610 0.01%
GLD US 01/31/25 P229 GLD Jan 2025 229 Put 500 0.00%
GLD US 01/31/25 P240 GLD Jan 2025 240 Put -500 -0.05%
MSTR US 01/24/25 P200 MSTR Jan 2025 200 Put 92 0.00%
MSTR US 01/24/25 P250 MSTR Jan 2025 250 Put 110 0.01%
MSTR US 01/24/25 P260 MSTR Jan 2025 260 Put -92 -0.01%
MSTR US 01/24/25 P300 MSTR Jan 2025 300 Put -110 -0.03%
MSTR US 01/31/25 P220 MSTR Jan 2025 220 Put 86 0.01%
MSTR US 01/31/25 P285 MSTR Jan 2025 285 Put -86 -0.04%
NDXP US 01/22/25 P19400 NDXP Jan 2025 19400 Put 2 0.00%
NDXP US 01/22/25 P20450 NDXP Jan 2025 20450 Put -2 0.00%
NDXP US 01/29/25 P19200 NDXP Jan 2025 19200 Put 5 0.00%
NDXP US 01/29/25 P20200 NDXP Jan 2025 20200 Put -5 -0.02%
NDXP US 01/31/25 P19000 NDXP Jan 2025 19000 Put 5 0.01%
NDXP US 01/31/25 P20050 NDXP Jan 2025 20050 Put -5 -0.02%
NDXP US 02/05/25 P19000 NDXP Feb 2025 19000 Put 4 0.01%
NDXP US 02/05/25 P20175 NDXP Feb 2025 20175 Put -4 -0.03%
RUTW US 01/24/25 P2000 RUTW Jan 2025 2000 Put 40 0.00%
RUTW US 01/24/25 P2135 RUTW Jan 2025 2135 Put -40 0.00%
RUTW US 01/29/25 P2030 RUTW Jan 2025 2030 Put 50 0.01%
RUTW US 01/29/25 P2140 RUTW Jan 2025 2140 Put -50 -0.02%
RUTW US 01/31/25 P2015 RUTW Jan 2025 2015 Put 44 0.01%
SPX US 02/21/25 P4700 S&P 500 Index Feb 2025 4700 Put -121 -0.05%
SPX US 02/21/25 P4990 S&P 500 Index Feb 2025 4990 Put 121 0.07%
SPXW US 01/22/25 P5450 SPXW Jan 2025 5450 Put 9 0.00%
SPXW US 01/22/25 P5740 SPXW Jan 2025 5740 Put -9 0.00%
SPXW US 01/24/25 C6090 SPXW Jan 2025 6090 Call 386 0.40%
SPXW US 01/24/25 P5700 SPXW Jan 2025 5700 Put 65 0.01%
SPXW US 01/29/25 P5475 SPXW Jan 2025 5475 Put 22 0.01%
SPXW US 01/29/25 P5720 SPXW Jan 2025 5720 Put -22 -0.01%
SPXW US 01/31/25 C6000 SPXW Jan 2025 6000 Call 14 0.13%
SPXW US 01/31/25 P5430 SPXW Jan 2025 5430 Put 19 0.01%
SPXW US 01/31/25 P5710 SPXW Jan 2025 5710 Put -19 -0.02%
SPXW US 02/05/25 P5400 SPXW Feb 2025 5400 Put 16 0.01%
SPXW US 02/05/25 P5725 SPXW Feb 2025 5725 Put -16 -0.03%
SPXW US 02/07/25 C5880 SPXW Feb 2025 5880 Call 15 0.34%
SPXW US 02/14/25 C6070 SPXW Feb 2025 6070 Call 14 0.11%
SPXW US 03/21/25 P4775 SPXW Mar 2025 4775 Put -93 -0.10%
SPXW US 03/21/25 P5060 SPXW Mar 2025 5060 Put 93 0.15%
SPXW US 04/17/25 P4800 SPXW Apr 2025 4800 Put -120 -0.25%
SPXW US 04/17/25 P5100 SPXW Apr 2025 5100 Put 120 0.38%
- Estimated Cash 189,955 0.26%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.10000
$0.08000
$0.10000
$0.10000
$0.11361
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. The distribution may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notice for additional details regarding the distribution composition, once it is available.
View Distribution History
Supplemental Tax Information: S19(a) Notices

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