CAS Simplify China A Shares PLUS Income ETF
The Simplify China A Shares PLUS Income ETF (CAS) invests primarily in China A share equities, which are listed on mainland China exchanges in Shenzhen and Shanghai. They offer a much more diverse opportunity set across industries and market capitalizations than share classes normally offered to foreign investors. Exposure is gained via total return swaps, which offer a unique source of additional returns via favorable funding rates.
A risk-managed options strategy is layered on top of the equities creating income by writing short term spreads on a variety of underlying assets, including equity, fixed income and commodity indices or ETFs.
Fund Overview
As of 06/26/2026
Ticker Symbol
CAS
Expense Ratio
0.88%
CUSIP
82889N384
Total Assets
$13,161,587.46
Shares Outstanding
475,001
Distribution Rate as of 05/31/2026
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.4.37%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2026
-
30-Day SEC Yield (Unsubsidized) as of 05/31/2026
2.69%
Options Available
No
Inception Date
01/13/2025
Premium/Discount (%) as of 06/26/2026
1.52%
NAV Per Share as of 06/26/2026
$27.71
Market Price as of 06/26/2026
$28.13
30-Day Median Bid-Ask Spread
0.21%
Bid/Ask
$27.99/$28.10
Midpoint Price
$28.05
Volume
3,078
NAV Symbol
CAS.NV
IOPV Symbol
CAS.IV
Shares Out. Symbol
CAS.SO
Schedule K-1
No
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.
Management Fees
This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.
| Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
|---|---|
| Management Fees | 0.88% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Total Annual Fund Operating Expenses | 0.88% |
Fund Performance (Total Return)
As of 05/31/2026 03/31/2026
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|---|---|---|
| NAV | 3.33% | 3.07% | 18.86% | 13.73% | 49.91% | — | — | 70.16% |
| Market Price | 1.91% | 2.83% | 18.45% | 13.25% | 51.49% | — | — | 70.26% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 49.91% | — | — | 47.07% |
| Market Price | 51.49% | — | — | 47.25% |
| Cumulative | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 44.52% | — | — | 48.05% |
| Market Price | 48.47% | — | — | 51.35% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 44.52% | — | — | 38.27% |
| Market Price | 48.47% | — | — | 40.91% |
| Calendar Year | NAV | Market Price |
|---|---|---|
| 2025 | — | — |
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
Growth of $10,000
The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Portfolio Holdings
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| SBIL | SIMPLIFY E GOVT MONEY MKT ETF | 56,600 | 43.02% |
| SPXW US 06/29/26 C7575 | SPXW Jun 2026 7575 Call | 25 | 0.00% |
| SPXW US 07/17/26 C7650 | SPXW Jul 2026 7650 Call | 4 | 0.02% |
| SPXW US 07/17/26 C7700 | SPXW Jul 2026 7700 Call | 3 | 0.01% |
| SPXW US 07/17/26 C7850 | SPXW Jul 2026 7850 Call | 6 | 0.00% |
| SPXW US 07/31/26 C7900 | SPXW Jul 2026 7900 Call | 3 | 0.01% |
| SPXW US 08/21/26 C7950 | SPXW Aug 2026 7950 Call | 6 | 0.04% |
| SPXW US 08/21/26 C8000 | SPXW Aug 2026 8000 Call | 3 | 0.02% |
| SPXW US 09/18/26 C7950 | SPXW Sep 2026 7950 Call | 7 | 0.14% |
| SPXW US 09/18/26 C8100 | SPXW Sep 2026 8100 Call | 6 | 0.05% |
| - | TRS SBAR SOFR +93 051427 | 151,814 | 29.12% |
| - | TRS SBAR SOFR +95 061527 | 96,190 | 18.45% |
| - | TRS CSIN0300 SOFR -520 011527 | 1,830 | 14.26% |
| - | TRS CSIN0905 SOFR -630 071526 | 1,130 | 13.33% |
| - | TRS CSIN0905 SOFR -860 011527 | 1,075 | 12.68% |
| - | TRS CSIN0300 SOFR -375 071526 | 1,335 | 10.40% |
| - | TRS C932000N SOFR -1950 011527 | 1,896 | 7.90% |
| - | TRS CSIN0300 SOFR -580 082126 | 852 | 6.64% |
| - | TRS CSIN0852 SOFR -1240 011527 | 570 | 6.22% |
| - | TRS CSIN0852 SOFR -1450 071526 | 569 | 6.21% |
| - | TRS C932000N SOFR -2000 071526 | 1,381 | 5.76% |
| - | TRS CSIN0905 SOFR -820 082126 | 367 | 4.33% |
| - | TRS CSIN0300 SOFR -600 071526 | 494 | 3.85% |
| - | TRS C932000N SOFR -1420 082126 | 709 | 2.95% |
| - | TRS CSIN0852 SOFR -1190 082126 | 222 | 2.42% |
| - | TRS C932000N SOFR -1300 071526 | 515 | 2.15% |
| - | TRS C932000N SOFR -1300 071526 | -286,843 | -2.18% |
| - | TRS CSIN0852 SOFR -1190 082126 | -317,699 | -2.41% |
| - | TRS C932000N SOFR -1420 082126 | -394,896 | -3.00% |
| - | TRS CSIN0300 SOFR -600 071526 | -511,473 | -3.89% |
| - | TRS CSIN0905 SOFR -820 082126 | -553,106 | -4.20% |
| - | TRS C932000N SOFR -2000 071526 | -769,184 | -5.84% |
| - | TRS CSIN0852 SOFR -1450 071526 | -814,282 | -6.19% |
| - | TRS CSIN0852 SOFR -1240 011527 | -815,713 | -6.20% |
| - | TRS CSIN0300 SOFR -580 082126 | -882,137 | -6.70% |
| - | TRS C932000N SOFR -1950 011527 | -1,056,027 | -8.02% |
| - | TRS CSIN0300 SOFR -375 071526 | -1,382,221 | -10.50% |
| - | TRS CSIN0905 SOFR -860 011527 | -1,620,134 | -12.31% |
| - | TRS CSIN0905 SOFR -630 071526 | -1,703,025 | -12.94% |
| - | TRS CSIN0300 SOFR -520 011527 | -1,894,730 | -14.40% |
| - | TRS SBAR SOFR +95 061527 | -2,457,654 | -18.67% |
| - | TRS SBAR SOFR +93 051427 | -3,878,847 | -29.47% |
| T Bills | UNITED STS TREAS BILLS 0.0 20AUG26 | 1,050,000 | 7.94% |
| T Bills | UNITED STS TREAS BILLS 0.0 01SEP26 | 1,900,000 | 14.34% |
| T Bills | UNITED STS TREAS BILLS 0.0 15OCT26 | 1,780,000 | 13.37% |
| T Bills | UNITED STS TREAS BILLS 0.0 03DEC26 | 2,800,000 | 20.93% |
| - | Estimated Cash | 46,747 | 0.36% |
Holdings are subject to change without notice.
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution |
|---|---|---|---|
| N/A | |||
| $0.10000 | |||
| $0.10000 | |||
| $0.10000 | |||
| $0.10000 |
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions.
They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus
not reflective of the tax information investors should expect. S19 reports are posted for regulatory
requirements only.
