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Sunday, August 23, 2026The Morning Brief →Sign in

Simplify US Equity PLUS Convexity ETF

$46.61+0.68% today
394852-WK

The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a convexity option overlay strategy to the equity investments. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds ("ETFs"). The option overlay consists of purchasing exchange-traded and over the counter ("OTC") put and call options on the S&P 500 Index or an S&P 500 Index ETF.

Price & daily flows
46.243.540.746.61DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET — OVER THIS RANGE

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +9.0% so far this year. At 0.52% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$116Massets under management
0.52%expense ratio · $52 per $10,000 a year
net flow, trailing month
13Kavg daily volume, 30 days
14holdings · US-domiciled
2020listed September 2, 2020 · beta 1.19
The book at a glance
IVV+0.4%0.1%0.2%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1IVVISHARES CORE S&P 500 ETF0.94%$769.31+0.4%
2B 12/3/26 Govt0.02%
3United States Treasury Bill 10/15/20260.00%
4B 1/28/27 Govt0.00%
5B 09/01/26 Govt0.03%
633770172337701720.00%
733270568332705680.00%
833288345332883450.00%
935577320355773200.00%
1033904069339040690.00%
1134546275345462750.00%
1233800282338002820.00%
1333834960338349600.00%
1429493441294934410.00%
1536217079362170790.00%

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Sector weights
Other100%
ETF96.82%
Information Technology33.68%
Technology32.33%
Consumer Discretionary15.85%
Financial Services12.87%
Healthcare12.2%
Financials12.01%
Consumer Cyclical9.85%
Communication Services8.76%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.44%
Other0.91%
Switzerland0.28%
Netherlands0.15%
United Kingdom0.09%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.3%
1 month+4.3%
3 months+2.8%
6 months+10.2%
YTD+9.0%
1 year+11.5%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
23%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-13.9%deepest fall from a peak, 1 year
-3.6%where it sits vs. that peak today

The top holding is 0.9% of the book; the top ten carry 1%. Spread across 21+ names, it behaves like roughly 2 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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