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SVOL

Simplify Volatility Premium ETF

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as of 07/01/2024

NAV

$ 22.53

NAV Change

+ $ 0.06 /0.27%

Price

$ 22.53

Price Change

+ $ 0.07 /0.31%

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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SVOL Fund Deep Dive

SVOL Fund Deep Dive Live

Fund Overview

As of 07/01/2024

Ticker Symbol
SVOL
Gross Expense Ratio
1.16%
CUSIP
82889N863
Total Assets
$1,005,920,399.85
Shares Outstanding
44,650,001
Distribution Yield as of 05/31/2024 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
15.96%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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 05/31/2024
3.59%
Options Available
Yes
Inception Date
05/12/2021
Premium/Discount (%) as of 07/01/2024
0.00%
NAV Per Share as of 07/01/2024
$22.53
Market Price as of 07/01/2024
$22.53
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$22.52/$22.53
Midpoint Price
$22.53
Volume
1,629,070
NAV Symbol
SVOL.NV
IOPV Symbol
—
Shares Out. Symbol
SVOL.SO
Schedule K-1
No

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 0.66%
Total Annual Fund Operating Expenses 1.16%
1. Amount of interest expense included in percentage.

Fund Performance

As of 05/31/2024 03/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 3.29% 3.27% 7.73% 5.86% 19.90% 42.15%
Market Price 3.15% 3.15% 7.57% 5.75% 19.79% 41.20%
Annualized 1 Year 3 Year Since Inception
NAV 19.90% 10.70% 12.21%
Market Price 19.79% 10.53% 11.98%
Cumulative 1 Year Since Inception
NAV 22.75% 39.11%
Market Price 22.58% 38.15%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 22.75% — — 12.12%
Market Price 22.58% — — 11.87%
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 1st Quarter of 2024
Days Traded at Premium
223
50
Days Traded at Discount
27
11
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 07/01/2024

Holdings - All ETFs
Ticker Name Quantity Weight
AGGH SIMPLIFY AGGREGATE BOND E 4896741 10.11%
BUCK SIMPLIFY STABLE INCOME ET 3216098 7.88%
CDX SIMPLIFY HIGH YIELD PL CR 3949956 9.08%
MTBA SIMPLIFY MBS ETF 884453 4.42%
UXQ4 IND CBOE VIX FUTURE AUG24 -8222 -11.83%
UXU4 IND CBOE VIX FUTURE SEP24 -733 -1.12%
SPXW US 07/01/24 P5000 SPXW Jul 2024 5000 Put -2304 0.00%
SPXW US 07/01/24 P5200 SPXW Jul 2024 5200 Put 2304 0.00%
SPXW US 07/08/24 P5000 SPXW Jul 2024 5000 Put -2000 0.00%
SPXW US 07/08/24 P5250 SPXW Jul 2024 5250 Put 2000 0.01%
USQ4C 127.0 Comdty USQ4C 127.0 Comdty -4500 -0.01%
USQ4P 112.0 COMDTY USQ4P 112.0 COMDTY -9000 -0.25%
VIX US 07/17/24 C50 VIX Jul 2024 50 Call 15419 0.00%
VIX US 08/21/24 C50 VIX Aug 2024 50 Call 37437 0.04%
VIX US 09/18/24 C50 VIX Sep 2024 50 Call 36694 0.07%
- US TREASURY N/ 2.875 6/25 100000 0.01%
- TREASURY BILL DN 7/24 357506000 35.64%
- TREASURY BILL DN 7/24 282600000 28.18%
- TREASURY BILL DN 9/24 30000000 2.96%
- TREASURY BILL DN 9/24 3000000 0.30%
- Estimated Net Cash 13798707 1.38%

Holdings are subject to change without notice.

Recent Distributions

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. Section 19(a) notices are typically released after a Fund's dividend declaration date. As such, the reported distribution details below are subject to change without notice.

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
$0.30000 $0.00000 $0.00000 $0.00000 $0.30000
View Distribution History

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