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
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPUC trades at 40.62 USD today, its price has fallen −0.50% in the past 24 hours. Track more dynamics on SPUC price chart.
SPUC net asset value is 41.06 today — it's risen 24.22% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPUC assets under management is 120.21 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPUC price has risen by 22.51% over the last month, and its yearly performance shows a 4.61% 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 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPUC invests in funds. See more details in our Analysis section.
SPUC expense ratio is 0.53%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPUC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPUC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPUC shows the buy signal. See more of SPUC technicals for a more comprehensive analysis.
Today, SPUC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPUC shows the buy signal. See more of SPUC technicals for a more comprehensive analysis.
Yes, SPUC pays dividends to its holders with the dividend yield of 0.89%.
SPUC trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPUC shares are issued by Simplify Asset Management, Inc.
SPUC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 3, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.