Simplify Exchange Traded Funds Simplify US Equity PLUS Upside Convexity ETF
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About Simplify Exchange Traded Funds Simplify US Equity PLUS Upside Convexity ETF
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Inception date
Sep 3, 2020
Structure
Open-Ended Fund
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.
SPUC is one of the first ETFs of the issuer, Simplify, along with SPD and SPYC. The fund seeks capital appreciation by investing in US ETFs and employing an option overlay via call options on the S&P 500 Index or an S&P 500 Index ETF. The options component of the fund is selected based upon the advisers evaluation of relative value based on cost, strike price and maturity. These options are intended to create convex equity payoff on the upside, which aims to improve the funds performance as the market moves up. The upside convexity in the funds strategy refers to the non-linear relationship between the funds and markets return. Meaning, by exercising the call options, the fund adviser expects the funds return to rise more than the market. The actively-managed fund limits the options overlay to 20% of the portfolio. The funds goal of improving fund performance 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%
ETF97.72%
Rights & Warrants1.84%
Cash0.44%
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
SPUC last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.10 USD in dividends, which shows a 30.20% decrease.
SPUC assets under management is 120.21 M USD. It's risen 20.47% over the last month.
SPUC fund flows account for 106.20 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, SPUC pays dividends to its holders with the dividend yield of 0.89%. The last dividend (Mar 31, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
SPUC 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.
SPUC expense ratio is 0.53% meaning you'd have to pay 0.53% of your investment to help manage the fund.
SPUC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPUC invests in funds.
SPUC price has risen by 22.51% over the last month, and its yearly performance shows a 5.84% increase. See more dynamics on SPUC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 24.22% over the last month, showed a −2.90% decrease in three-month performance and has increased by 10.43% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 24.22% over the last month, showed a −2.90% decrease in three-month performance and has increased by 10.43% in a year.
SPUC trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.