Key stats
About Simplify US Equity PLUS 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.
ISIN
US82889N1037
SPYC aims to provide capital appreciation by primarily investing in ETFs with exposure to the S&P 500 Index and using an option overlay strategy. The fund has the potential to allocate up to 20% of its assets to the option overlay component, which involves purchasing both exchange-traded and over-the-counter (OTC) put and call options on the S&P 500 Index or any related ETF. The options overlay straddles the index, looking to enhance returns in volatile markets. The funds returns are intended to possess convexity because the relationship between the funds returns and the market returns is designed to be non-linear. The fund may purchase or sell options more frequently than 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.
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%
ETF99.27%
Rights & Warrants0.54%
Cash0.19%
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
SPYC last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.08 USD in dividends, which shows a 20.00% increase.
SPYC assets under management is 90.42 M USD. It's risen 2.46% over the last month.
SPYC fund flows account for 5.45 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, SPYC pays dividends to its holders with the dividend yield of 0.86%. The last dividend (Jun 30, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
SPYC 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.
SPYC expense ratio is 0.53% meaning you'd have to pay 0.53% of your investment to help manage the fund.
SPYC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPYC invests in funds.
SPYC price has risen by 2.13% over the last month, and its yearly performance shows a 17.13% increase. See more dynamics on SPYC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.57% over the last month, showed a 4.56% increase in three-month performance and has increased by 18.98% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.57% over the last month, showed a 4.56% increase in three-month performance and has increased by 18.98% in a year.
SPYC trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.