Simplify US Equity PLUS Downside Convexity ETF

Frequently Asked Questions About SPD

What does SPD invest in?

The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds ("ETFs"). The downside convexity option overlay strategy includes purchasing exchange-traded and over-the-counter ("OTC") put options on the S&P 500 Index or an S&P 500 Index ETF.

What is the expense ratio of SPD?

Simplify US Equity PLUS Downside Convexity ETF (SPD) charges an expense ratio of 0.53%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPD?

Simplify US Equity PLUS Downside Convexity ETF (SPD) manages $100.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SPD actively managed or an index fund?

SPD is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SPD's is 0.53%) because there's no security selection cost.

When was SPD launched?

Simplify US Equity PLUS Downside Convexity ETF (SPD) launched in September 2020 and is managed by Simplify.

How has SPD performed?

SPD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.