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SVOL

Simplify Volatility Premium ETF

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as of 02/20/2025

NAV

$ 21.53

NAV Change

- $ 0.08 /0.37%

Price

$ 21.55

Price Change

- $ 0.03 /0.14%

The Simplify Volatility Premium ETF (SVOL) seeks to provide investment results, before fees and expenses, that correspond to approximately one-fifth to three-tenths (-0.2x to -0.3x) the inverse of the performance of the Cboe Volatility Index (VIX) short-term futures index while also seeking to mitigate extreme volatility.

We believe many traditional sources of income are failing to meet investor needs in today’s low yield environment. SVOL aims to provide an attractive income stream and source of diversification while seeking to avoid risks inherent in other income-producing asset classes.

The fund’s short VIX position provides investors an optimized exposure for monetizing the premium in the VIX futures market. A modest option overlay budget is then deployed into VIX call options to help protect against adverse moves in VIX.

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Documents

SVOL Fund Deep Dive

SVOL Fund Deep Dive Live

Fund Overview

As of 02/20/2025

Ticker Symbol
SVOL
Gross Expense Ratio
0.72%
CUSIP
82889N863
Total Assets
$1,147,157,186.68
Shares Outstanding
53,275,001
Distribution Rate as of 01/31/2025 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.
15.25%
Distribution Frequency
Monthly
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
2.28%
Options Available
Yes
Inception Date
05/12/2021
Premium/Discount (%) as of 02/20/2025
0.08%
NAV Per Share as of 02/20/2025
$21.53
Market Price as of 02/20/2025
$21.55
30-Day Median Bid-Ask Spread
0.05%
Bid/Ask
$21.52/$21.54
Midpoint Price
$21.53
Volume
576,007
NAV Symbol
SVOL.NV
IOPV Symbol
—
Shares Out. Symbol
SVOL.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 Expenses1 0.15%
Acquired Fund Fees and Expenses2 0.07%
Total Annual Fund Operating Expenses 0.72%
1. Other Expenses include interest expenses of 0.15%.

2. 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 3.11% 5.77% 2.88% 3.11% 9.61% 48.39%
Market Price 3.41% 5.49% 2.65% 3.41% 9.35% 47.33%
Annualized 1 Year 3 Year Since Inception
NAV 9.61% 10.85% 11.18%
Market Price 9.35% 10.85% 10.98%
Cumulative 1 Year Since Inception
NAV 7.17% 43.91%
Market Price 6.71% 42.47%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 7.17% 7.96% — 10.52%
Market Price 6.71% 8.26% — 10.23%
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.

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
184
32
Days Traded at Discount
68
32
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
AGGH SIMPLIFY AGGREGATE BOND E 5,193,254 9.45%
CDX SIMPLIFY HIGH YIELD PL CR 1,299,393 2.56%
NMB SIMPLIFY NATIONAL MUNI B 3,121,709 6.68%
QIS SIMPLIFY MULTI-QIS ALT ET 3,975,000 8.57%
SCY SIMPLIFY US SMLLCAP PLUS 95,000 0.19%
SPUC SIMPLIFY US EQUITY PLUS U 2,334,812 8.80%
SPY SPDR S&P 500 ETF TRUST 685,500 36.47%
SPY SPDR S&P 500 ETF TRUST 293,675 15.63%
TYA SIMPLIFY INTERMEDIATE TER 3,843,182 4.17%
ESH5 IND S&P500 EMINI FUT Mar25 326 8.72%
UXJ5 IND CBOE VIX FUTURE Apr25 -7,581 -11.80%
SPX US 12/19/25 P5400 S&P 500 Index Dec 2025 5400 Put -1,300 -1.34%
SPXW US 02/21/25 P5300 SPXW Feb 2025 5300 Put 600 0.00%
SPY US 03/21/25 C635 SPY Mar 2025 635 Call -2,581 -0.01%
SPY US 03/21/25 C635 SPY Mar 2025 635 Call -6,855 -0.04%
US BOND FUTR OPTN Apr25P US BOND FUTR OPTN Apr25P -5,000 -0.16%
VIX US 05/21/25 C50 VIX May 2025 50 Call 20,005 0.09%
VIX US 06/18/25 C50 VIX Jun 2025 50 Call 28,000 0.14%
VIX US 07/16/25 C50 VIX Jul 2025 50 Call 7,171 0.04%
- US TREASURY N/ 2.875 6/25 100,000 0.01%
- TREASURY BILL DN 4/25 88,000,000 7.64%
- TREASURY BILL DN 4/25 8,500,000 0.74%
- Estimated Net Cash 3,953,334 0.34%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.27000
$0.26000
$0.27000
$0.28000
View Distribution History
Supplemental Information: S19(a) Notices

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