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CAS

Simplify China A Shares PLUS Income ETF

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As of 08/04/2025

NAV

$ 30.94

NAV Change

+ $ 0.60 /1.98%

Price

$ 30.94

Price Change

+ $ 0.72 /2.38%
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, Shanghai and Beijing. 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.
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Documents

Harnessing the Red Dragon: Making China’s Equity Market Structure Work For Better Returns

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Fund Overview

As of 08/04/2025

Ticker Symbol
CAS
Gross Expense Ratio
0.88%
CUSIP
82889N384
Total Assets
$11,602,206.54
Shares Outstanding
375,001
Distribution Rate as of 06/30/2025 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.
3.18%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 06/30/2025 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
-
30-Day SEC Yield (Unsubsidized) as of 06/30/2025
3.12%
Options Available
No
Inception Date
01/13/2025
Premium/Discount (%) as of 08/04/2025
0.00%
NAV Per Share as of 08/04/2025
$30.94
Market Price as of 08/04/2025
$30.94
30-Day Median Bid-Ask Spread
0.22%
Bid/Ask
$30.87/$31.03
Midpoint Price
$30.95
Volume
234
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. Distribution includes an estimated 0% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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 Fees0.88%
Distribution and Service (12b-1) Fees0.00%
Total Annual Fund Operating Expenses0.88%

Fund Performance (Total Return)

As of 06/30/2025 06/30/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 7.36% 18.95% — — — 21.86%
Market Price 8.59% 19.72% — — — 22.04%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 21.86%
Market Price — 22.04%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
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. 

Historical Premium/Discount

Calendar Year 2024 2nd Quarter of 2025
Days Traded at Premium
N/A
14
Days Traded at Discount
N/A
48
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

As of 08/04/2025

Holdings - All ETFs
Ticker Name Quantity Weight
SBIL SIMPLIFY E GOVT MONEY MKT ETF 47,000 40.60%
GLD US 08/15/25 P290 GLD Aug 2025 290 Put 117 0.01%
GLD US 08/15/25 P300 GLD Aug 2025 300 Put -117 -0.04%
NDXP US 08/13/25 P21200 NDXP Aug 2025 21200 Put 1 0.01%
NDXP US 08/13/25 P22200 NDXP Aug 2025 22200 Put -1 -0.03%
NDXP US 08/15/25 P21100 NDXP Aug 2025 21100 Put 1 0.01%
NDXP US 08/15/25 P22100 NDXP Aug 2025 22100 Put -1 -0.04%
RUTW US 08/08/25 P2035 RUTW Aug 2025 2035 Put 12 0.00%
RUTW US 08/08/25 P2135 RUTW Aug 2025 2135 Put -12 -0.03%
RUTW US 08/13/25 P2010 RUTW Aug 2025 2010 Put 12 0.01%
RUTW US 08/13/25 P2110 RUTW Aug 2025 2110 Put -12 -0.06%
RUTW US 08/15/25 P1980 RUTW Aug 2025 1980 Put 11 0.02%
RUTW US 08/15/25 P2080 RUTW Aug 2025 2080 Put -11 -0.05%
SPXW US 08/08/25 P5860 SPXW Aug 2025 5860 Put 8 0.01%
SPXW US 08/08/25 P5950 SPXW Aug 2025 5950 Put 9 0.01%
SPXW US 08/08/25 P6160 SPXW Aug 2025 6160 Put -8 -0.04%
SPXW US 08/11/25 P6000 SPXW Aug 2025 6000 Put 12 0.02%
SPXW US 08/13/25 P5800 SPXW Aug 2025 5800 Put 8 0.02%
SPXW US 08/13/25 P6100 SPXW Aug 2025 6100 Put -8 -0.06%
SPXW US 08/15/25 C6450 SPXW Aug 2025 6450 Call 25 0.27%
SPXW US 08/15/25 C6650 SPXW Aug 2025 6650 Call 76 0.02%
SPXW US 08/15/25 P5760 SPXW Aug 2025 5760 Put 7 0.02%
SPXW US 08/15/25 P6060 SPXW Aug 2025 6060 Put -7 -0.06%
SPXW US 08/29/25 C6400 SPXW Aug 2025 6400 Call 3 0.17%
- ACSIN0300 2,521 17.38%
- CCSIN0300 2,521 17.38%
- AC932000N 3,426 12.78%
- CC932000N 3,425 12.77%
- ACSIN0852 1,118 10.20%
- CCSIN0852 1,118 10.20%
- ACSIN0905 1,126 10.18%
- CCSIN0905 1,126 10.18%
- CCSIN0852 00001 -1,132,045 -9.76%
- ACSIN0852 00001 -1,132,045 -9.76%
- ACSIN0905 00001 -1,135,015 -9.78%
- CCSIN0905 00001 -1,135,015 -9.78%
- CC932000N 00001 -1,409,133 -12.15%
- AC932000N 00001 -1,409,545 -12.15%
- CCSIN0300 00001 -1,986,242 -17.12%
- ACSIN0300 00001 -1,986,242 -17.12%
T Bills UNITED STS TREAS BILLS 0.0 26AUG25 300,000 2.58%
T Bills UNITED STS TREAS BILLS 0.0 30SEP25 1,400,000 11.99%
T Bills UNITED STS TREAS BILLS 0.0 28OCT25 4,700,000 40.12%
B UNITED STS TREAS BILLS 0.0 05AUG25 — —
- Estimated Cash 125,418 1.08%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.24000
$0.00000
View Distribution History

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