SVOL
as of 03/28/2024
NAV
$ 22.67
NAV Change
- $ 0.01 /0.04%
Price
$ 22.66
Price Change
- $ 0.04 /0.18%
The Simplify Volatility Premium ETF (SVOL) seeks to provide investment results, before fees and expenses, that correspond to approximately one-fifth to three-tenths (-0.2x to -0.3x) the inverse of the performance of the Cboe Volatility Index (VIX) short-term futures index while also seeking to mitigate extreme volatility.
We believe many traditional sources of income are failing to meet investor needs in today’s low yield environment. SVOL aims to provide an attractive income stream and source of diversification while seeking to avoid risks inherent in other income-producing asset classes.
The fund’s short VIX position provides investors an optimized exposure for monetizing the premium in the VIX futures market. A modest option overlay budget is then deployed into VIX call options to help protect against adverse moves in VIX.
Documents
- Fact Sheet 4Q23
- Fund Review 4Q23
- Prospectus
- Semi-Annual ReportSee AlsoSimplify Exchange Traded Funds Stock Forecast: up to 23.274 USD! - SVOL Stock Price Prediction, Long-Term & Short-Term Share Revenue Prognosis with Smart Technical AnalysisSimplify Volatility Premium ETF (SVOL) Holdings - Yahoo FinanceTop 10 Highest-Yielding Monthly Dividend Stocks in 2022BioNano Genomics Inc (BNGO) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com
- Annual Report
- Summary Prospectus
- SAI
Diversifying Equity Income Portfolios with VIX Carry Read Blog
SVOL Fund Deep Dive
SVOL Fund Deep Dive Live
Fund Overview
As of 03/28/2024
Ticker Symbol
SVOL
Gross Expense Ratio
1.16%
CUSIP
82889N863
Total Assets
$822,342,484.38
Shares Outstanding
36,275,001
Distribution Yield as of 02/29/2024 Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield. Distribution Yield Close
Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
15.84%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 02/29/2024 SEC 30-day Yield is available once fund has a full quarter of performance. SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
9.34%
Unsubsidized 30-Day SEC Yield as of 02/29/2024
9.34%
Options Available
Yes
Inception Date
05/12/2021
Premium/Discount (%) as of 03/28/2024
-0.04%
NAV Per Share as of 03/28/2024
$22.67
Market Price as of 03/28/2024
$22.66
30-Day Median Bid-Ask Spread
0.04%
Bid/Ask
$22.65/$22.66
Midpoint Price
$22.66
Volume
594,066
NAV Symbol
SVOL.NV
IOPV Symbol
—
Shares Out. Symbol
SVOL.SO
Schedule K-1
No
Management Fees
This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker.The fee table located in the prospectus and updates in prospectus supplements prevail.
| Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
|---|---|
| Management Fees | 0.50% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Other Expenses1 | 0.66% |
| Total Annual Fund Operating Expenses | 1.16% |
1. Amount of interest expense included in percentage.
Fund Performance
As of 02/29/2024 12/31/2023
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | Since Inception |
|---|---|---|---|---|---|---|
| NAV | 1.68% | 4.32% | 7.63% | 2.51% | 21.56% | 37.65% |
| Market Price | 1.59% | 4.28% | 7.62% | 2.53% | 21.24% | 36.89% |
| Annualized | 1 Year | 3 Year | Since Inception |
|---|---|---|---|
| NAV | 21.56% | — | 12.09% |
| Market Price | 21.24% | — | 11.88% |
| Cumulative | 1 Year | Since Inception |
|---|---|---|
| NAV | 23.05% | 34.28% |
| Market Price | 22.84% | 33.52% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 23.05% | — | — | 11.82% |
| Market Price | 22.84% | — | — | 11.59% |
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
Historical Premium/Discount
| Calendar Year 2023 | 4th Quarter of 2023 | |
|---|---|---|
| Days Traded at Premium | 223 | 55 |
| Days Traded at Discount | 27 | 8 |
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Portfolio Holdings
As of 03/28/2024
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| AGGH | SIMPLIFY AGGREGATE BOND E | 4896741 | 12.76% |
| BUCK | SIMPLIFY STABLE INCOME ET | 3179679 | 9.69% |
| UXK4 IND | CBOE VIX FUTURE May24 | -4610 | -8.64% |
| UXM4 IND | CBOE VIX FUTURE Jun24 | -2375 | -4.66% |
| TUK4C 105.750 Comdty | TUK4C 105.750 Comdty | 3603 | 0.00% |
| TUM4C 106.000 Comdty | TUM4C 106.000 Comdty | 13386 | 0.03% |
| USK4C 125.0 Comdty | USK4C 125.0 Comdty | -500 | -0.01% |
| USK4P 117.0 Comdty | USK4P 117.0 Comdty | -500 | -0.02% |
| USK4P 118.0 Comdty | USK4P 118.0 Comdty | -500 | -0.03% |
| USK4P 119.0 Comdty | USK4P 119.0 Comdty | -500 | -0.05% |
| USM4C 127.0 Comdty | USM4C 127.0 Comdty | -500 | -0.02% |
| USM4P 112.0 Comdty | USM4P 112.0 Comdty | -500 | -0.01% |
| USM4P 113.0 Comdty | USM4P 113.0 Comdty | -500 | -0.01% |
| USM4P 114.0 Comdty | USM4P 114.0 Comdty | -500 | -0.02% |
| USM4P 115.0 Comdty | USM4P 115.0 Comdty | -500 | -0.02% |
| USM4P 116.0 Comdty | USM4P 116.0 Comdty | -500 | -0.03% |
| VIX US 04/17/24 C50 | VIX Apr 2024 50 Call | 20000 | 0.01% |
| VIX US 05/22/24 C50 | VIX May 2024 50 Call | 30000 | 0.05% |
| VIX US 06/18/24 C50 | VIX Jun 2024 50 Call | 30000 | 0.08% |
| - | US TREASURY N/ 2.875 6/25 | 100000 | 0.01% |
| - | TREASURY BILL DN 4/24 | 136000000 | 16.51% |
| - | TREASURY BILL DN 4/24 | 107500000 | 13.05% |
| - | TREASURY BILL DN 4/24 | 38000000 | 4.61% |
| - | TREASURY BILL DN 4/24 | 7500000 | 0.91% |
| - | TREASURY BILL 0 5/24 | 485000000 | 58.55% |
| - | TREASURY BILL DN 6/24 | 49000000 | 5.89% |
| - | TSY INFL IX N/B 0.5 4/24 | 28600000 | 4.26% |
| - | Estimated Net Cash | -219341338 | -26.67% |
Holdings are subject to change without notice.
Portfolio Holdings
Holdings are subject to change without notice.
As of 03/28/2024
Distribution History
Recent Distributions
Recent Distribution Disclosure
This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. Section 19(a) notices are typically released after a Fund's dividend declaration date. As such, the reported distribution details below are subject to change without notice.
| Ex-Dividend Date | Record Date | Payable Date | Short Term Capital Gains | Long Term Capital Gains | Return of Capital | Total Distribution |
|---|---|---|---|---|---|---|
| $0.00000 | $0.00000 | $0.00000 | $0.30000 | |||
| $0.00000 | $0.00000 | $0.00000 | $0.30000 | |||
| $0.00000 | $0.00000 | $0.15310 | $0.30000 | |||
| $0.00000 | $0.00000 | $0.14380 | $0.30782 | |||
| $0.00000 | $0.00000 | $0.18850 | $0.30000 |
DISTRIBUTION CALENDAR
