The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside 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 downside convexity option overlay strategy includes purchasing exchange-traded and over-the-counter (OTC) put options on the S&P 500 Index or an S&P 500 Index ETF.
Frequently asked questions
What is the Simplify US Equity PLUS Downside Convexity ETF (SPD) expense ratio?
The Simplify US Equity PLUS Downside Convexity ETF funds expense ratio is 0.53%.
What is Simplify US Equity PLUS Downside Convexity ETF (SPD) current stock price?
As of the latest data, Simplify US Equity PLUS Downside Convexity ETF stock price is $41.36, with a previous close of $41.05. Simplify US Equity PLUS Downside Convexity ETF gained $0.31 in the last trading session, representing a 0.76% increase.
Does Simplify US Equity PLUS Downside Convexity ETF (SPD) pay dividends?
Yes. Simplify US Equity PLUS Downside Convexity ETF pays quarterly dividends with an annualized yield of 1.21% and an estimated annual payout of $0.50 per share.
