ETF Education Report: SIMPLIFY US EQUITY PLUS BITCOIN STRATEGY ETF (SPBC)

What this ETF is trying to do

The SIMPLIFY US EQUITY PLUS BITCOIN STRATEGY ETF (SPBC) is an exchange-traded fund that includes crypto-related assets. Based on its top holdings, it focuses on a mix of U.S. stocks and Bitcoin.

What the numbers show

This report looks at how the share price and total value of the ETF have moved. It is important to know that "price return" only tracks the change in the share price, while "total return" includes both price changes and distributions (cash payments).

• Year-to-Date (YTD): The price return is approximately 14.16%. When including distributions, the total return is approximately 14.91%.

• One Year: The price return was approximately 12.79%, while the total return was approximately 13.79%.

• Three Years: The price return was approximately 110.47%, and the total return was approximately 116.06%.

To visualize the price change, if you had bought one share at the estimated price from roughly one year ago ($45.26), that single share would be worth $51.05 today.

Top Holdings

As of the latest update on October 8, 2026, the fund holds two main assets:

• iShares Core S&P 500 ETF (IVV): 88.88%

• VanEck Bitcoin ETF (HODL): 10.05%

Please remember that holdings can change over time.

Income and distribution explanation

Some investors look for ETFs that pay out cash. This ETF has a distribution yield of approximately 0.78%. It usually pays out cash quarterly, and it has made four payments over the last 12 months. While these distributions provide cash, they are not the same as total return.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. StockValueFinder uses an "erosion-risk score" to measure this risk. For SPBC, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Pros

• The fund has shown positive price returns and total returns over the one-year and three-year periods.

• The erosion-risk measurement is rated as "good."

Cons

• The distribution yield (0.78%) is relatively low compared to some other types of income-focused funds.

Beginner takeaway

When looking at an ETF like SPBC, it is helpful to distinguish between the share price movement and the total return. This fund has seen growth in both its share price and its total value over the last three years. Always remember that a high distribution yield does not guarantee that an investment will grow in value, and you should always look at the total return to see the full picture.

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*Disclaimer: This report is for educational purposes only. It does not provide financial advice and does not recommend buying, selling, or holding any security.*