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
What's in the fund
Exposure type
Government
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
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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.
XV trades at 25.92 USD today, its price has risen 0.68% in the past 24 hours. Track more dynamics on XV price chart.
XV net asset value is 25.85 today — it's risen 1.94% 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.
XV assets under management is 39.39 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.
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.
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.
XV invests in bonds. See more details in our Analysis section.
XV expense ratio is 0.75%. 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, XV isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, XV doesn't pay dividends to its holders.
XV trades at a premium (0.30%).
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.
XV shares are issued by Simplify Asset Management, Inc.
XV 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 Apr 14, 2025.
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.