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SPYC

Simplify US Equity PLUS Convexity ETF

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as of 12/20/2024

NAV

$ 37.96

NAV Change

+ $ 0.83 /2.24%

Price

$ 37.85

Price Change

+ $ 0.62 /1.67%

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 12/20/2024

Ticker Symbol
SPYC
Gross Expense Ratio
0.53%
CUSIP
82889N103
Total Assets
$75,710,105.28
Shares Outstanding
2,000,001
Distribution Rate as of 09/30/2024 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.
0.85%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
0.73%
Options Available
No
Inception Date
09/03/2020
Premium/Discount (%) as of 12/20/2024
-0.28%
NAV Per Share as of 12/20/2024
$37.96
Market Price as of 12/20/2024
$37.85
30-Day Median Bid-Ask Spread
0.25%
Bid/Ask
$37.83/$38.02
Midpoint Price
$37.93
Volume
7,438
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 11/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 7.61% 8.06% 16.38% 30.75% 37.20% 69.09%
Market Price 7.23% 7.98% 16.46% 30.81% 37.12% 69.96%
S&P 500 Index 5.87% 7.15% 15.07% 28.07% 33.89% 79.75%
Annualized 1 Year 3 Year Since Inception
NAV 37.20% 8.21% 13.18%
Market Price 37.12% 7.58% 13.33%
Cumulative 1 Year Since Inception
NAV 37.50% 59.50%
Market Price 37.24% 60.33%
S&P 500 Index 36.35% 71.34%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 37.50% 8.58% — 12.14%
Market Price 37.24% 8.64% — 12.29%
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 2023 3rd Quarter of 2024
Days Traded at Premium
51
20
Days Traded at Discount
199
44
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 12/20/2024

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 128,266 100.52%
GLD US 01/03/25 P220 GLD Jan 2025 220 Put 158 0.00%
GLD US 01/03/25 P232 GLD Jan 2025 232 Put -158 -0.01%
GLD US 12/27/24 P228 GLD Dec 2024 228 Put 227 0.00%
GLD US 12/27/24 P237 GLD Dec 2024 237 Put -227 -0.01%
GLD US 12/31/24 P210 GLD Dec 2024 210 Put 106 0.00%
GLD US 12/31/24 P229 GLD Dec 2024 229 Put -106 0.00%
MSTR US 01/03/25 P250 MSTR Jan 2025 250 Put 82 0.03%
MSTR US 01/03/25 P300 MSTR Jan 2025 300 Put -82 -0.07%
MSTR US 12/27/24 P270 MSTR Dec 2024 270 Put 103 0.03%
MSTR US 12/27/24 P320 MSTR Dec 2024 320 Put -103 -0.06%
NDXP US 01/03/25 P18800 NDXP Jan 2025 18800 Put 7 0.01%
NDXP US 01/03/25 P20200 NDXP Jan 2025 20200 Put -7 -0.06%
NDXP US 12/24/24 P19950 NDXP Dec 2024 19950 Put 10 0.00%
NDXP US 12/24/24 P20950 NDXP Dec 2024 20950 Put -10 -0.05%
NDXP US 12/27/24 P19750 NDXP Dec 2024 19750 Put 9 0.01%
NDXP US 12/27/24 P20850 NDXP Dec 2024 20850 Put -9 -0.08%
NDXP US 12/31/24 P18750 NDXP Dec 2024 18750 Put 6 0.01%
NDXP US 12/31/24 P20250 NDXP Dec 2024 20250 Put -6 -0.04%
RUTW US 01/03/25 P1980 RUTW Jan 2025 1980 Put 65 0.02%
RUTW US 01/03/25 P2130 RUTW Jan 2025 2130 Put -65 -0.07%
RUTW US 12/24/24 P2175 RUTW Dec 2024 2175 Put 90 0.03%
RUTW US 12/24/24 P2290 RUTW Dec 2024 2290 Put -90 -0.53%
RUTW US 12/27/24 C2485 RUTW Dec 2024 2485 Call 61 0.00%
RUTW US 12/27/24 P2125 RUTW Dec 2024 2125 Put 93 0.05%
RUTW US 12/27/24 P2235 RUTW Dec 2024 2235 Put -93 -0.24%
RUTW US 12/31/24 P1930 RUTW Dec 2024 1930 Put 58 0.01%
RUTW US 12/31/24 P2105 RUTW Dec 2024 2105 Put -58 -0.03%
SPX US 01/17/25 P4670 S&P 500 Index Jan 2025 4670 Put -27 -0.01%
SPX US 01/17/25 P4960 S&P 500 Index Jan 2025 4960 Put 27 0.02%
SPX US 02/21/25 P4700 S&P 500 Index Feb 2025 4700 Put -121 -0.18%
SPX US 02/21/25 P4990 S&P 500 Index Feb 2025 4990 Put 121 0.27%
SPXW US 01/03/25 P5250 SPXW Jan 2025 5250 Put 51 0.02%
SPXW US 01/03/25 P5630 SPXW Jan 2025 5630 Put -51 -0.08%
SPXW US 01/10/25 C6150 SPXW Jan 2025 6150 Call 32 0.03%
SPXW US 01/17/25 C6145 SPXW Jan 2025 6145 Call 32 0.07%
SPXW US 01/17/25 P4670 SPXW Jan 2025 4670 Put -116 -0.06%
SPXW US 01/17/25 P4960 SPXW Jan 2025 4960 Put 116 0.09%
SPXW US 03/21/25 P4775 SPXW Mar 2025 4775 Put -93 -0.25%
SPXW US 03/21/25 P5060 SPXW Mar 2025 5060 Put 93 0.38%
SPXW US 12/23/24 P5775 SPXW Dec 2024 5775 Put 64 0.00%
SPXW US 12/24/24 P5660 SPXW Dec 2024 5660 Put 26 0.00%
SPXW US 12/27/24 C6030 SPXW Dec 2024 6030 Call 148 0.11%
SPXW US 12/27/24 P5560 SPXW Dec 2024 5560 Put 32 0.00%
SPXW US 12/27/24 P5870 SPXW Dec 2024 5870 Put -32 -0.08%
SPXW US 12/31/24 P5240 SPXW Dec 2024 5240 Put 24 0.01%
SPXW US 12/31/24 P5655 SPXW Dec 2024 5655 Put -24 -0.03%
- Estimated Cash 146,446 0.19%

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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