SPYC Simplify US Equity PLUS Convexity ETF

*Unless otherwise stated, data provided by FactSet.

SPYC Fund Description

SPYC is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk.

SPYC Factset Analytics Insight

SPYC is one of the first ETFs issued by Simplify. It aims to provide capital appreciation by primarily investing in ETFs that has exposure to the S&P 500 Index combined with option overlay strategy. The fund has the potential to allocate up to 20% of its assets to the option overlay strategy, which involves purchasing both exchange-traded and over-the-counter (OTC) put and call options on the S&P 500 Index, or any S&P 500 Index ETF. In essence, the option overlay straddles the index, looking to enhance returns in volatile markets. The fund’s returns are intended to possess convexity because the relationship between the fund’s returns and the market returns are designed to be non-linear. The Fund may purchase or sell options more frequently in addition to its normal rebalancing requirements and option expiration dates. The convex strategy presumes if market returns go up and down in a linear fashion, the fund's returns will rise faster than the market in bullish markets while declining less in bearish markets. Convex strategies tend to lag during quiet markets.

PERFORMANCE [as of 09/22/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPYC -8.14% -0.47% -22.77% -15.22% -- -- --
SPYC (NAV) -7.89% -0.39% -22.63% -15.20% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -9.04% 0.32% -21.12% -14.81% 9.86% 10.65% 12.20%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPYC Summary Data

Simplify
09/03/20
Open-Ended Fund
0.28%
$45.79M
$648.77K
0.35%

SPYC Portfolio Data

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--
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1.99%
N/A
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SPYC Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

SPYC Portfolio Management

0.28%
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--
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SPYC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

SPYC Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
Low
Daily

SPYC Factset Analytics Block Liquidity

As of 09/23/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SPYC. SPYC is rated a N/A out of 5.

SPYC Tradability

23,585
$648.77K
8,768
$244.63K
0.35%
$0.10
-0.02%
1.92% / -2.31%
None
100.00%
50,000
0.18
0.03%
0.08%
0
$26.32
N/A

SPYC Sector/Industry Breakdown


SPYC
Segment Benchmark
96.80%
--
3.20%
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SPYC Top 10 Holdings

3.13%
0.07%
100.00%

SPYC Performance Statistics

0.96
0.88
0.90
0.79
0.26%
MSCI USA Large Cap Index

SPYC Benchmark Comparison Holdings

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SPYC Benchmark Comparison Summary


SPYC
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
Low
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SPYC Benchmark Comparison Market Cap Size


SPYC
Segment Benchmark
--
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