Simplify Exchange Traded Funds Simplify US Equity PLUS Downside Convexity ETF
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About Simplify Exchange Traded Funds Simplify US Equity PLUS Downside Convexity ETF
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Inception date
Sep 3, 2020
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
SPD is one of the first ETFs to launch from Simplify. The fund is actively managed and seeks capital appreciation by investing the bulk of portfolio assets in ETFs providing exposure to the S&P 500 Index combined with a modest allocation in a put option overlay. The option strategy is designed to provide downside protection without capping any upside participation, or in other words, creates downside convexity in the fund. The specific put option contracts are selected strategically based on the advisers evaluation of relative value, strike price and maturity. Investors should anticipate a non-linear relationship between the funds and market returns. Meaning, by exercising put options, the fund adviser expects the funds return to fall less than the market. It is important to note that the funds goal of protection against losses is not guaranteed.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF97.88%
Rights & Warrants1.86%
Cash0.27%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPD last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.08 USD in dividends, which shows a 20.00% increase.
SPD assets under management is 85.36 M USD. It's risen 1.96% over the last month.
SPD fund flows account for −36.30 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SPD pays dividends to its holders with the dividend yield of 0.96%. The last dividend (Jun 30, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
SPD shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on Sep 3, 2020, and its management style is Active.
SPD expense ratio is 0.53% meaning you'd have to pay 0.53% of your investment to help manage the fund.
SPD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPD invests in funds.
SPD price has risen by 2.29% over the last month, and its yearly performance shows a 15.54% increase. See more dynamics on SPD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.96% over the last month, showed a 21.74% increase in three-month performance and has increased by 16.46% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.96% over the last month, showed a 21.74% increase in three-month performance and has increased by 16.46% in a year.
SPD trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.