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SVOL

Simplify Volatility Premium ETF

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as of 11/19/2024

NAV

$ 21.74

NAV Change

- $ 0.02 /0.09%

Price

$ 21.77

Price Change

+ $ 0.01 /0.05%

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 11/19/2024

Ticker Symbol
SVOL
Gross Expense Ratio
0.72%
CUSIP
82889N863
Total Assets
$1,223,696,157.93
Shares Outstanding
56,300,001
Distribution Rate as of 10/31/2024 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.
16.12%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 10/31/2024 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 10/31/2024
3.12%
Options Available
Yes
Inception Date
05/12/2021
Premium/Discount (%) as of 11/19/2024
0.16%
NAV Per Share as of 11/19/2024
$21.74
Market Price as of 11/19/2024
$21.77
30-Day Median Bid-Ask Spread
0.05%
Bid/Ask
$21.73/$21.74
Midpoint Price
$21.74
Volume
622,431
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 10/31/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -4.12% -2.73% 1.94% 4.48% 11.19% 40.30%
Market Price -3.62% -2.69% 2.04% 4.61% 11.45% 39.67%
Annualized 1 Year 3 Year Since Inception
NAV 11.19% 7.28% 10.25%
Market Price 11.45% 7.46% 10.11%
Cumulative 1 Year Since Inception
NAV 15.17% 46.32%
Market Price 14.38% 44.92%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 15.17% 10.98% — 11.90%
Market Price 14.38% 10.84% — 11.59%
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.

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
223
49
Days Traded at Discount
27
15
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 11/19/2024

Holdings - All ETFs
Ticker Name Quantity Weight
AGGH SIMPLIFY AGGREGATE BOND E 5,193,254 8.83%
BUCK SIMPLIFY TRSY OPT ETF-USD 4,448,579 8.96%
CDX SIMPLIFY HIGH YIELD PL CR 1,299,393 2.49%
IVV ISHARES CORE S&P 500 ETF 390,674 18.94%
IVV ISHARES CORE S&P 500 ETF 100,325 4.86%
MTBA SIMPLIFY MBS ETF 2,300,999 9.43%
NMB SIMPLIFY NATIONAL MUNI B 3,126,710 6.45%
TYA SIMPLIFY INTERMEDIATE TER 3,843,182 4.00%
ESZ4 IND S&P500 EMINI FUT DEC24 -978 -23.73%
USZ4 COM US LONG BOND(CBT) DEC24 -2,000 -19.11%
UXG5 IND CBOE VIX FUTURE Feb25 -11,398 -16.19%
SPX US 12/19/25 C6800 S&P 500 Index Dec 2025 6800 Call 2,100 1.76%
USF5C 122.0 COMDTY USF5C 122.0 COMDTY -2,000 -0.05%
USF5P 112.0 Comdty USF5P 112.0 Comdty -2,000 -0.04%
VIX US 03/18/25 C50 VIX Mar 2025 50 Call 41,437 0.19%
VIX US 04/16/25 C50 VIX Apr 2025 50 Call 67,249 0.35%
VIX US 05/21/25 C50 VIX May 2025 50 Call 31,794 0.18%
VIX US 06/18/25 C50 VIX Jun 2025 50 Call 2,000 0.01%
- US TREASURY N/ 2.875 6/25 100,000 0.01%
- TREASURY BILL DN 12/24 222,500,000 18.14%
- TREASURY BILL DN 12/24 8,000,000 0.65%
- WI TSY BILL DN 12/24 169,000,000 13.76%
- WI TSY BILL DN 12/24 1,800,000 0.15%
- Estimated Net Cash -4,782,801 -0.39%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.28000
$0.28000
$0.30000
$0.30000
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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