Simplify US Equity PLUS Downside Convexity ETF
SPD
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 54 W 21st Street, Suite 1007 New York NY United States of America 10010
- IPO Date
- Sep 4, 2020
- Website
- simplify.us
- Similar Companies
- Business
- Simplify US Equity PLUS Downside Convexity ETF (SPD) is an actively managed exchange-traded fund that seeks capital appreciation through exposure to U.S. large-cap equities, primarily via investments in S&P 500 Index ETFs such as iShares Core S&P 500 ETF (IVV), complemented by a systematic options overlay strategy using out-of-the-money put options to generate downside convexity and enhance performance during extreme market drawdowns. The fund allocates approximately 98% of its assets to low-cost S&P 500 exposure for broad U.S. large-cap equity participation across growth and value stocks in diversified market capitalizations, while deploying a modest 2% option budget into actively selected and rolled put options that provide tail-risk protection without capping upside potential; it benchmarks against the S&P 500 Total Return Index and distributes potential quarterly dividends. SPD targets investors seeking tactical equity enhancements, fixed income replacements amid muted bond returns, or portfolio insurance against severe selloffs, operating principally in U.S. markets with an expense ratio of 0.53%. Launched on September 3, 2020, and issued by Simplify Asset Management Inc., headquartered in New York, NY, with additional operations in Las Vegas, NV, SPD forms part of Simplify's broader suite of options-based ETFs designed to deliver institutional-grade alternative strategies through transparent vehicles. Simplify Asset Management, founded in 2020 by Paul Kim and David Berns, continues to innovate its equity lineup, including recent expansions such as the launch of the Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) in April 2025 and the Simplify Ancorato Target 25 Distribution ETF (XXV) in November 2025, alongside partnerships like the one with Newfound Research for structured alpha ETF model portfolios. In December 2025, Simplify announced estimated capital gain distributions across ten ETFs, including operational updates like the net asset value restatement for the Simplify Bond Bull ETF (RFIX), reflecting ongoing portfolio management and product evolution without direct changes to SPD's core strategy.