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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
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
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
Displays a symbol's price movements over previous years to identify recurring trends.