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CAS

Simplify China A Shares PLUS Income ETF

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as of 04/16/2025

NAV

$ 25.66

NAV Change

- $ 0.34 /1.31%

Price

$ 25.54

Price Change

- $ 0.37 /1.43%
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 04/16/2025

Ticker Symbol
CAS
Gross Expense Ratio
0.88%
CUSIP
82889N384
Total Assets
$9,621,647.81
Shares Outstanding
375,001
Distribution Rate as of 03/31/2025 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.
-
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 03/31/2025 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 03/31/2025
3.34%
Options Available
No
Inception Date
01/13/2025
Premium/Discount (%) as of 04/16/2025
-0.46%
NAV Per Share as of 04/16/2025
$25.66
Market Price as of 04/16/2025
$25.54
30-Day Median Bid-Ask Spread
0.80%
Bid/Ask
$25.43/$25.67
Midpoint Price
$25.55
Volume
130
NAV Symbol
CAS.NV
IOPV Symbol
CAS.IV
Shares Out. Symbol
CAS.SO
Schedule K-1
No

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 03/31/2025 03/31/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.33% — — — — 2.44%
Market Price -2.45% — — — — 1.94%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 2.44%
Market Price — 1.94%
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.

Historical Premium/Discount

Calendar Year 2024 1st Quarter of 2025
Days Traded at Premium
N/A
34
Days Traded at Discount
N/A
19
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 04/16/2025

Holdings - All ETFs
Ticker Name Quantity Weight
GLD US 04/17/25 P253 GLD Apr 2025 253 Put 91 0.00%
GLD US 04/17/25 P263 GLD Apr 2025 263 Put -91 0.00%
GLD US 04/25/25 P270 GLD Apr 2025 270 Put 84 0.00%
GLD US 04/25/25 P282 GLD Apr 2025 282 Put -84 -0.02%
GLD US 04/30/25 P281 GLD Apr 2025 281 Put 113 0.04%
GLD US 04/30/25 P290 GLD Apr 2025 290 Put -113 -0.10%
MSTR US 04/25/25 P210 MSTR Apr 2025 210 Put 39 0.02%
MSTR US 04/25/25 P260 MSTR Apr 2025 260 Put -39 -0.09%
NDXP US 04/25/25 P16400 NDXP Apr 2025 16400 Put 1 0.04%
NDXP US 04/25/25 P17400 NDXP Apr 2025 17400 Put -1 -0.15%
NDXP US 04/30/25 P15700 NDXP Apr 2025 15700 Put 1 0.04%
NDXP US 04/30/25 P16700 NDXP Apr 2025 16700 Put -1 -0.10%
RUTW US 04/25/25 P1640 RUTW Apr 2025 1640 Put 10 0.02%
RUTW US 04/25/25 P1740 RUTW Apr 2025 1740 Put -10 -0.07%
RUTW US 04/30/25 P1605 RUTW Apr 2025 1605 Put 10 0.03%
RUTW US 04/30/25 P1705 RUTW Apr 2025 1705 Put -10 -0.08%
SPXW US 04/17/25 C5800 SPXW Apr 2025 5800 Call 16 0.00%
SPXW US 04/21/25 C5485 SPXW Apr 2025 5485 Call 48 0.24%
SPXW US 04/21/25 P5050 SPXW Apr 2025 5050 Put -7 -0.08%
SPXW US 04/21/25 P5150 SPXW Apr 2025 5150 Put 7 0.18%
SPXW US 04/23/25 C5600 SPXW Apr 2025 5600 Call 19 0.02%
SPXW US 04/23/25 P5130 SPXW Apr 2025 5130 Put -20 -0.74%
SPXW US 04/23/25 P5190 SPXW Apr 2025 5190 Put 20 1.08%
SPXW US 04/25/25 P4760 SPXW Apr 2025 4760 Put 3 0.03%
SPXW US 04/25/25 P5055 SPXW Apr 2025 5055 Put -3 -0.11%
SPXW US 04/30/25 P4600 SPXW Apr 2025 4600 Put 3 0.04%
SPXW US 04/30/25 P4900 SPXW Apr 2025 4900 Put -3 -0.08%
- CSI 300 Net Return Index Total Return Swap - Receivable 4,666 34.68%
- CSI 2000 Net Total Return Index Total Return Swap - Receivable 7,044 25.15%
- CSI 1000 Net Total Return Index Total Return Swap - Receivable 2,149 19.90%
- CSI 500 Net Total Return Index Total Return Swap - Receivable 2,104 19.73%
- CSI 500 Net Total Return Index Total Return Swap - Payable -1,916,518 -19.92%
- CSI 1000 Net Total Return Index Total Return Swap - Payable -1,943,095 -20.20%
- CSI 2000 Net Total Return Index Total Return Swap - Payable -2,464,211 -25.61%
- CSI 300 Net Return Index Total Return Swap - Payable -3,330,049 -34.61%
T Bills UNITED STS TREAS BILLS 0.0 08JUL25 5,100,000 52.50%
T Bills UNITED STS TREAS BILLS 0.0 29JUL25 250,000 2.57%
T Bills UNITED STS TREAS BILLS 0.0 05AUG25 4,300,000 44.11%
- Estimated Cash 145,635 1.51%

Holdings are subject to change without notice.

Recent Distributions

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

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