QQD Simplify Growth Equity Plus Downside Convexity ETF

This is an actively managed fund that seeks capital appreciation. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, primarily by purchasing exchange-traded funds ("ETFs") that invest in companies listed on the NASDAQ-100 Index. The adviser does not frequently trade equities but seeks to maintain consistent exposure to companies listed on the NASDAQ-100 Index. 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 NASDAQ-100 Index or a NASDAQ-100 Index ETF. When the Fund purchases a put option, the Fund has the right, but not the obligation, to sell a stock or other asset at a specified price (strike price) within a specific time period. The downside convexity option overlay is a strategic, persistent exposure meant to hedge against market moves and is intended to add convexity to the Fund. If the market goes down, the Fund's returns may fall less than the market because the adviser will sell or exercise the put options.

$21.53  +0.28 (1.33%)
As of 01/27/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Simplify
Category1:  Alternatives
Category2:  Options
Category3:  Puts
Morningstar category:  
Leverage factor:  1.00
Inception date:  12/11/2020
Current yield:  0.53%
Historical average yield:  0.37%
Market cap:  $5,842,919
Average volume:  4,890
Fees:     0.4500%
Investment style: Actively managed