10-Apr-2026
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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, 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 adviser does not frequently trade U.S. equities but seeks to maintain consistent exposure to the U.S. equity market. Up to twenty percent of the Fund s net assets will be subject to the Fund s downside convexity option overlay. The downside convexity option overlay consists of purchasing exchange-traded and over the counter ( OTC ) put options on the S&P 500 Index or an S&P 500 Index ETF.
Simplify US Equity Plus Downside Convexity ETF trades on the ARCA stock market under the symbol SPD.
As of April 10, 2026, SPD stock price declined to $37.69 with 43,425 million shares trading.
SPD has a market cap of $101.76 million. This is considered a Micro Cap stock.
In the last 3 years, SPD traded as high as $41.20 and as low as $25.30.
SPD has underperformed the market in the last year with a price return of +14.7% while the SPY ETF gained +30.9%. SPD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.4% and +4.8%, respectively, while the SPY returned -1.8% and +7.2%, respectively.
SPD support price is $37.43 and resistance is $38.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPD shares will trade within this expected range on the day.
