SPYT vs. SPD ETF Comparison

Comparison of Defiance S&P 500 Target Income ETF (SPYT) to Simplify US Equity PLUS Downside Convexity ETF (SPD)

SPYT

Defiance S&P 500 Target Income ETF

SPYT Description

SPYT is actively managed which seeks daily income and consistent monthly distributions by utilizing an index credit spread option strategy. The strategy involves daily selling of S&P 500 credit call spreads that are either at-the-money or near-the-money, with near-term expirations, and buying call options at a higher strike price. The sold option positions become profitable if the S&P 500 Indexs value increases above the call spreads cap. Additionally, the fund targets an annual income level of 20% and aims to hold cash or US Treasurys up to 10% of the portfolio as collateral for the option strategy. Even during periods of adverse market conditions, the fund will not seek defensive positions, nor directly or fully participate in the gains of the index. As such, the funds risk and return potential will fluctuate daily.

Grade (RS Rating)

Last Trade

$19.73

Average Daily Volume

92,068

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPD

Simplify US Equity PLUS Downside Convexity ETF

SPD Description

The investment seeks to provide capital appreciation. 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, it 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 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.

Grade (RS Rating)

Last Trade

$33.39

Average Daily Volume

30,242

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPYT	SPD
30 Days	3.85%	3.66%
60 Days	10.52%	4.04%
90 Days	2.93%	1.70%
12 Months		29.76%

1 Overlapping Holdings

	Symbol	Grade	Weight in SPYT	Weight in SPD	Overlap
	IVV	A	99.92%	99.42%	99.42%

SPYT Overweight 0 Positions Relative to SPD

	Symbol	Grade	Weight

SPYT Underweight 0 Positions Relative to SPD

	Symbol	Grade	Weight

SPYT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund

SPD: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund