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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 June 3, 2026, SPD stock price declined to $41.78 with 1,668 million shares trading.
SPD has a market cap of $107.57 million. This is considered a Micro Cap stock.
In the last 3 years, SPD traded as high as $42.15 and as low as $25.37.
SPD has underperformed the market in the last year with a return of +15.1%, while the SPY ETF gained +28.5%. In the last 3 month period, SPD fell short of the market, returning +7.9%, while SPY returned +10.1%. However, in the most recent 2 weeks SPD has outperformed the stock market by returning +2.8%, while SPY returned +2.8%.
SPD support price is $41.64 and resistance is $42.50 (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.
