Net Asset Value Restatement for Simplify US Equity PLUS Upside Convexity ETF (SPUC)
Simplify Asset Management has announced a restatement of the net asset value (NAV) per share for the Simplify US Equity PLUS Upside Convexity ETF (SPUC). The adjustment, effective February 21, 2025, was necessitated by a settlement day adjustment of an option trade.
Simplify Asset Management ha annunciato una rettifica del valore patrimoniale netto (NAV) per azione del Simplify US Equity PLUS Upside Convexity ETF (SPUC). L'aggiustamento, in vigore dal 21 febbraio 2025, è stato reso necessario da un aggiustamento del giorno di liquidazione di un'operazione su opzioni.
Simplify Asset Management ha anunciado una reexpresión del valor neto de los activos (NAV) por acción del Simplify US Equity PLUS Upside Convexity ETF (SPUC). El ajuste, que entrará en vigor el 21 de febrero de 2025, fue necesario debido a un ajuste del día de liquidación de una operación de opciones.
심플리 자산 관리는 심플리 미국 주식 PLUS 상승 볼록성 ETF (SPUC)의 주당 순자산가치(NAV) 재조정을 발표했습니다. 이 조정은 2025년 2월 21일부터 시행되며, 옵션 거래의 정산일 조정으로 인해 필요하게 되었습니다.
Simplify Asset Management a annoncé une réévaluation de la valeur nette d'inventaire (NAV) par action du Simplify US Equity PLUS Upside Convexity ETF (SPUC). L'ajustement, qui prendra effet le 21 février 2025, était nécessaire en raison d'un ajustement du jour de règlement d'une opération d'options.
Simplify Asset Management hat eine Neufeststellung des Nettovermögenswerts (NAV) pro Aktie des Simplify US Equity PLUS Upside Convexity ETF (SPUC) angekündigt. Die Anpassung, die am 21. Februar 2025 in Kraft tritt, war aufgrund einer Anpassung des Abrechnungstags eines Optionsgeschäfts erforderlich.
- Prompt disclosure and correction of NAV calculation
- NAV restatement indicates potential pricing discrepancy in fund valuation
ETF Name |
Ticker
|
Date |
Revised |
Original |
Adjustment |
Simplify US Equity PLUS Upside Convexity ETF |
SPUC |
02/21/2025 |
42.67 |
42.28 |
|
The NAV adjustment is a result of settlement day adjustment of an option trade.
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.
Investors should carefully consider the investment objectives, risks, charges, and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus or Summary prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest.
An investment in the fund involves risk, including possible loss of principal.
The fund is actively-managed is subject to the risk that the strategy may not produce the intended results.
The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate, or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience.
The Fund invests in ETFs (Exchange-Traded Funds) and is therefore subject to the same risks as the underlying securities in which the ETF invests as well as entails higher expenses than if invested into the underlying ETF directly.
While the option overlay is intended to improve the Fund’s performance, there is no guarantee that it will do so. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Also, securities and options traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility and liquidity risk.
Simplify ETFs are distributed by Foreside Financial Services, LLC. Simplify and Foreside are not related.
© 2025 Simplify ETFs. All rights reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250225408266/en/
MEDIA:
Chris Sullivan
Craft & Capital
chris@craftandcapital.com
Source: Simplify Asset Management Inc.
FAQ
What caused the NAV restatement for Simplify US Equity PLUS Upside Convexity ETF (SPUC) on February 21, 2025?
When did the SPUC ETF NAV restatement become effective?
Which fund was affected by Simplify Asset Management's NAV restatement?
What type of adjustment triggered the SPUC ETF NAV restatement?
