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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.13

$5.21 M

0.00%

0.99%

Vitals

YTD Return

6.5%

1 yr return

29.1%

3 Yr Avg Return

0.3%

5 Yr Avg Return

N/A

Net Assets

$5.21 M

Holdings in Top 10

70.6%

52 WEEK LOW AND HIGH

$10.2
$7.79
$10.75

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.13

$5.21 M

0.00%

0.99%

VCAR - Profile

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Simplify Volt RoboCar Disruption and Tech ETF
  • Fund Family Name
    N/A
  • Inception Date
    Dec 29, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Kim

Fund Description

The adviser and sub-adviser seek to achieve the Fund’s investment objective by investing in U.S. and foreign equity securities and equity securities of companies engaging in activities that are consistent with Fund’s investment theme of robocar disruption and technology. The adviser applies an option overlay strategy to the Fund’s equity investments.

Equity Strategy

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in domestic and foreign securities of companies and exchange traded funds (“ETFs”) that are engaged in the Fund’s investment theme. A company is deemed to be engaged in the Fund’s theme if (i) it derives a significant portion of its revenue or market value from the theme of robocar disruption and technology or (ii) it has stated its primary business to be in products and services focused on the theme of robocar disruption and technology.

Robocar companies are companies that the sub-adviser believes are expected to focus on and benefit from the development of new products or services, technological improvements and advancements in scientific research related to, among other things, disruptive innovation in autonomous transportation (“Autonomous Driving Companies”), electric energy (“Electric Energy Companies”), or artificial intelligence (“Artificial Intelligence Companies”). These types of companies are described below:

Autonomous Driving Companies. Companies that the sub-adviser believes are focused on transportation through an emphasis on mobility as a service.
Electric Energy Companies. Companies that the sub-adviser believes seek to capitalize on innovations or evolutions in: (i) ways that energy is stored or used, especially electric battery storage technologies and/or (ii) the production or development of new materials for use in commercial applications of energy production, use or storage, such as solar energy.
Artificial Intelligence Companies. Companies that leverage data collection and artificial intelligence methods to extract data, insights or products through artificial intelligence.

The Fund will invest up to 25% of the Fund’s assets in Tesla, Inc. (“Tesla”). Tesla is an American electric vehicle and clean energy company based in Palo Alto, California. The sub-adviser believes that Tesla’s self-driving technology is disruptive because it will fundamentally change how people interact with transportation and mobility.

In selecting companies and ETFs that the sub-adviser believes are relevant to a particular investment theme, the sub-adviser seeks to identify, using its own internal research and analysis, companies capitalizing on disruptive innovation or that are enabling the further development of a theme in the markets in which they operate. The sub-adviser’s internal research and analysis leverages insights from diverse sources, including internal and external research, to develop and refine its investment themes and identify and take advantage of trends that have ramifications for individual companies or entire industries.

Under normal circumstances, primarily all of the Fund’s assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises and ETFs. The Fund’s investments will include small-, medium- and large-capitalization companies. The Fund’s investments in foreign equity securities will be in both developed and emerging markets. The Fund may invest in foreign securities (including investments in American Depositary Receipts (“ADRs”) and securities listed on local foreign exchanges.

The Fund is classified as a “non-diversified” investment company under the Investment Company Act of 1940, as amended, which means that the Fund may invest a higher percentage of its assets in a fewer number of issuers than is permissible for a “diversified” Fund.

Option Overlay Strategy

Up to 20% of the Fund’s net assets will be subject to the Fund’s option overlay. The option overlay consists of purchasing exchange-traded and over the counter (“OTC”) put options on the NASDAQ® 100 Index, S&P 500® Index, a NASDAQ® 100 Index ETF, a S&P 500 Index ETF or individual securities and call options on individual securities. When the Fund purchases a call option, the Fund has the right, but not the obligation, to buy a stock or other asset at a specified price (strike price) within a specific time period. 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 option overlay is a strategic, persistent exposure meant to hedge against market moves in the Fund. If the market goes up, the Fund’s returns may outperform the market because the adviser will sell or exercise the call options. 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. The adviser selects options based upon its evaluation of relative value based on cost, strike price (price that the option can be bought or sold by the option holder) and maturity (the last date the option contract is valid) and will exercise or close the options based on maturity or portfolio

rebalancing requirements. The Fund anticipates purchasing and selling options on a monthly, quarterly, and annual basis, depending upon the Fund’s rebalancing requirements and the individual option expiration dates. However, the Fund may rebalance its option portfolio on a more frequent basis for a number of reasons such as market volatility renders the protection provided by the option strategy ineffective or an option position has appreciated to the point that it is prudent to decrease the Fund’s exposure and realize gains for the Fund’s shareholders. While the option overlay is intended to improve the Fund’s performance, there is no guarantee that it will do so.

The value of the Fund’s call options is expected to rise in proportion to the rise in value of the underlying assets, but the amount by which the Fund’s options increase or decrease in value depends on how far the market has moved from the time the options position was initiated. The value of the Fund’s call options may rise faster than the market if the adviser successfully selects options that appreciate in value.

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VCAR - Performance

Return Ranking - Trailing

Period VCAR Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -38.5% 31.2% 94.18%
1 Yr 29.1% -67.1% 39.2% 8.98%
3 Yr 0.3%* -40.8% 30.6% N/A
5 Yr N/A* -33.3% 22.3% N/A
10 Yr N/A* -16.3% 23.9% N/A

* Annualized

Return Ranking - Calendar

Period VCAR Return Category Return Low Category Return High Rank in Category (%)
2023 58.3% -73.9% 35.7% 2.47%
2022 -61.2% -25.6% 73.1% N/A
2021 18.5% -97.5% 60.0% N/A
2020 N/A -24.7% 44.9% N/A
2019 N/A -22.9% 38.5% N/A

Total Return Ranking - Trailing

Period VCAR Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -75.9% 954.2% 98.18%
1 Yr 29.1% -67.1% 66.6% 15.27%
3 Yr 0.3%* -40.8% 30.6% N/A
5 Yr N/A* -33.3% 30.0% N/A
10 Yr N/A* -16.3% 23.9% N/A

* Annualized

Total Return Ranking - Calendar

Period VCAR Return Category Return Low Category Return High Rank in Category (%)
2023 58.3% -73.9% 35.7% 2.47%
2022 -61.1% -25.6% 73.1% N/A
2021 18.5% -97.5% 60.0% N/A
2020 N/A -24.7% 44.9% N/A
2019 N/A -22.9% 43.6% N/A

VCAR - Holdings

Concentration Analysis

VCAR Category Low Category High VCAR % Rank
Net Assets 5.21 M 863 K 50.4 B 90.24%
Number of Holdings 87 1 470 80.06%
Net Assets in Top 10 3.39 M 0 30.3 B 86.17%
Weighting of Top 10 70.64% 7.6% 100.0% 17.10%

Top 10 Holdings

  1. Advanced Micro Devices Inc 13.47%
  2. NVIDIA Corp 10.66%
  3. Tesla Inc 8.91%
  4. Microsoft Corp 8.26%
  5. FIDELITY INV MMTRSY 1 680 7.30%
  6. ASML Holding NV 4.97%
  7. Block Inc 4.75%
  8. Lemonade Inc 4.55%
  9. Apple Inc 4.00%
  10. Amazon.com Inc 3.75%

Asset Allocation

Weighting Return Low Return High VCAR % Rank
Stocks
98.25% 0.00% 100.53% 86.17%
Other
1.78% -1.08% 26.87% 61.74%
Preferred Stocks
0.00% 0.00% 2.84% 59.49%
Convertible Bonds
0.00% 0.00% 0.40% 57.88%
Cash
0.00% -0.53% 100.00% 12.22%
Bonds
0.00% 0.00% 4.72% 59.16%

Stock Sector Breakdown

Weighting Return Low Return High VCAR % Rank
Utilities
0.00% 0.00% 6.27% 4.52%
Technology
0.00% 2.80% 100.00% 81.61%
Real Estate
0.00% 0.00% 15.05% 68.06%
Industrials
0.00% 0.00% 53.73% 9.35%
Healthcare
0.00% 0.00% 43.58% 50.97%
Financial Services
0.00% 0.00% 52.54% 69.03%
Energy
0.00% 0.00% 7.96% 58.39%
Communication Services
0.00% 0.00% 97.05% 64.84%
Consumer Defense
0.00% 0.00% 5.64% 14.19%
Consumer Cyclical
0.00% 0.00% 51.15% 15.16%
Basic Materials
0.00% 0.00% 36.08% 0.65%

Stock Geographic Breakdown

Weighting Return Low Return High VCAR % Rank
US
98.25% 0.00% 100.53% 84.24%
Non US
0.00% 0.00% 99.27% 18.97%

VCAR - Expenses

Operational Fees

VCAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.08% 2.97% 29.26%
Management Fee 0.95% 0.00% 1.95% 90.97%
12b-1 Fee N/A 0.00% 1.00% 25.17%
Administrative Fee N/A 0.02% 0.50% N/A

Sales Fees

VCAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VCAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VCAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 281.00% 16.50%

VCAR - Distributions

Dividend Yield Analysis

VCAR Category Low Category High VCAR % Rank
Dividend Yield 0.00% 0.00% 42.10% 10.86%

Dividend Distribution Analysis

VCAR Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

VCAR Category Low Category High VCAR % Rank
Net Income Ratio N/A -2.30% 2.08% 70.93%

Capital Gain Distribution Analysis

VCAR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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VCAR - Fund Manager Analysis

Managers

Paul Kim


Start Date

Tenure

Tenure Rank

Dec 28, 2020

1.42

1.4%

Paul S. Kim has been with PGI since 2015. Previously, he was a senior vice president at PIMCO from 2009-2015. He earned a bachelor’s degree in Economics from Dartmouth College and an M.B.A. in Finance from The Wharton School at the University of Pennsylvania. Mr. Kim has earned the right to use the Chartered Financial Analyst designation.

David Berns


Start Date

Tenure

Tenure Rank

Dec 28, 2020

1.42

1.4%

David Berns, PhD, is the chief investment officer and co-founder of the Simplify Asset Management Inc. Prior to co-founding the Simplify Asset Management in 2020, he founded Portfolio Designer, LLC, a company that specializes in portfolio design and from 2018 to 2019 was a managing director at Nasdaq Dorsey Wright. Prior to joining Nasdaq Dorsey Wright, Inc., he founded and developed a company that specializes in proprietary trading. He has specialized in developing asset allocation, portfolio management, and risk management systems for managing private and institutional wealth. Mr. Berns has a PhD in Physics from the Massachusetts Institute of Technology in the field of Quantum Computation.

Tad Park


Start Date

Tenure

Tenure Rank

Dec 28, 2020

1.42

1.4%

Tad Park is the chief executive officer and the founder of the Volt Equity. Prior to founding the Volt Equity in 2020, from 2017 to 2020, he was the first Senior Software Engineer of the Series B round for Sonder Corp. which went on to become a successful Silicon Valley disruptor worth over one billion dollars. Prior to 2017, he worked as a senior developer and team leader for an information technology and services company. Mr. Park has a Bachelor's degree in Environmental Economics and Policy Management from the University of California, Berkeley.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 7.88 2.12