Key stats
About Simplify Exchange Traded Funds Simplify Target 15 Distribution ETF
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Inception date
Apr 14, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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.
XV aims to provide monthly distributions at an annualized rate (after fees and expenses) of 15% but not defined, along with some downside hedge over a one-year period. The actively managed fund consists of i) US Government bonds of any maturity and ii) an out-of-the-money barrier put spread strategy on the worst performing out of the three reference equity ETFs: SPY, QQQ, and IWM. The fund adviser targets a bond portfolio duration of two years or less and utilizes OTC and listed options with one-year maturities to employ the option spread strategies. The fund seeks to provide a barrier such that investors are only exposed to the downside if the worst-performing reference ETF breaks below the 10%-30% barrier. After the barrier level is breached, investors take on the full downside of the funds returns. The adviser may use non-barrier option spread strategies to pursue the 15% distribution goal. The fund must be held during the entire return period to pursue intended results.
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
Government
Bonds, Cash & Other100.00%
Government100.31%
Cash0.64%
Rights & Warrants−0.95%
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
XV top holdings are United States Treasury Bills 0.0% 12-AUG-2025 and United States Treasury Bills 0.0% 26-AUG-2025, occupying 68.01% and 32.30% of the portfolio correspondingly.
XV assets under management is 39.80 M USD. It's risen 58.02% over the last month.
XV fund flows account for 38.54 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.
No, XV doesn't pay dividends to its holders.
XV shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on Apr 14, 2025, and its management style is Active.
XV expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
XV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XV invests in bonds.
XV trades at a premium (0.30%) meaning the ETF is trading at a higher price than the calculated NAV.