Simplify US Equity PLUS Upside Convexity ETF
Price through Oct 1 · Flows through Sep 30. Figures use the latest available records, not a live quote. Fund details retrieved Oct 1. Holdings snapshot retrieved Oct 1.
The adviser seeks to achieve the fund’s investment objective by investing primarily in equity securities of U.S. companies and applying an upside convexity option overlay strategy to the equity investments. Under normal circumstances, the fund 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 upside convexity option overlay strategy consists of purchasing exchange-traded and over the counter (“OTC”) call options on the S&P 500 Index or an S&P 500 Index ETF.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$34M OVER THIS RANGE
Money keeps arriving — +$23M of net inflows over the past month, about 9.1% of the fund's asset base, while the price has returned +4.2% so far this year. At 0.53% a year it is not the cheapest way in — REMG has a reported fee of 0.16%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | IVVISHARES CORE S&P 500 ETF | 1.00% | $767.38 | +0.2% | ||
| 2 | —Cash | 0.00% | — | — | — | |
| 3 | 3426151134261511 | 0.00% | — | — | — |
| 1 week | -1.4% |
| 1 month | -1.1% |
| 3 months | -1.2% |
| 6 months | +13.1% |
| YTD | +4.2% |
| 1 year | -3.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$13M |
| 1 month | +$23M |
| 3 months | +$34M |
| YTD | +$34M |
| 1 year | +$34M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 1.0% of the book; the top ten carry 1%. Spread across 3+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat SPUC on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPHY State Street SPDR Portfolio High Yield Bond ETF | 0.05% | $11.9B | +$267M | -48bp on fee · 47× the assets · +$267M in over the month | Head-to-head |
| DIVB iShares U.S. Dividend and Buyback ETF | 0.05% | $2B | +$155M | -48bp on fee · 8× the assets · +$155M in over the month | Head-to-head |
| AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 0.13% | $7862.98T | — | -40bp on fee · 31028396× the assets | Head-to-head |
| DGRO iShares Core Dividend Growth ETF | 0.08% | $41.9B | +$435M | -45bp on fee · 165× the assets · +$435M in over the month | Head-to-head |
| SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 0.07% | $7.2B | +$68M | -46bp on fee · 28× the assets · +$68M in over the month | Head-to-head |