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CRDT

Simplify Opportunistic Income ETF

As of 07/01/2025

NAV

$ 23.89

NAV Change

+ $ 0.06 /0.25%

Price

$ 23.87

Price Change

- $ 0.02 /0.08%
The Simplify Opportunistic Income ETF (CRDT) seeks to provide current income, with long-term capital appreciation as a secondary objective.

CRDT is an actively managed, opportunistic credit strategy focused on security selection within high-yield, investment grade, and distressed debt. By deploying a multi-step investment process that combines macroeconomic, quantitative, and fundamental research, the fund seeks to generate alpha that diversifies the traditional investment portfolio.

The strategy is sub-advised by Asterozoa Capital, an alternatives manager focused on opportunistic investing across the capital structure while minimizing risks/correlations through portfolio construction and hedging.

CRDT Fund Deep Dive Live

Fund Overview

As of 07/01/2025

Ticker Symbol
CRDT
Gross Expense Ratio
1.48%
CUSIP
82889N558
Total Assets
$78,248,148.85
Shares Outstanding
3,275,001
Distribution Rate as of 05/31/2025 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.
6.92%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2025 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 05/31/2025
8.85%
Portfolio Duration
3.30
Options Available
No
Inception Date
06/26/2023
Premium/Discount (%) as of 07/01/2025
-0.09%
NAV Per Share as of 07/01/2025
$23.89
Market Price as of 07/01/2025
$23.87
30-Day Median Bid-Ask Spread
0.13%
Bid/Ask
$23.85/$23.89
Midpoint Price
$23.87
Volume
5,105
NAV Symbol
CRDT.NV
IOPV Symbol
CRDT.IV
Shares Out. Symbol
CRDT.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 Fees0.95%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.01%
Acquired Fund Fees and Expenses20.52%
Total Annual Fund Operating Expenses1.48%

1. Other Expenses include interest expenses of 0.01%.
2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

Fund Performance (Total Return)

As of 05/31/2025 03/31/2025

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -4.01% -4.66% 0.57% -0.24% 5.66% 10.18%
Market Price -3.85% -4.69% 0.61% -0.27% 5.71% 10.31%
Annualized 1 Year 3 Year Since Inception
NAV 5.66% 5.15%
Market Price 5.71% 5.22%
Cumulative 1 Year Since Inception
NAV 9.04% 14.46%
Market Price 9.07% 14.36%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 9.04% 7.96%
Market Price 9.07% 7.92%
Calendar Year NAV Market Price
2024 4.94% 5.18%
2023

Historical Premium/Discount

Calendar Year 2024 2nd Quarter of 2025
Days Traded at Premium
205
36
Days Traded at Discount
47
26

Portfolio Holdings

Ticker Name Quantity Weight
ABCLN ALLY BK SANDY UT 8.036 15SEP32 144A 595,245 0.57%
AGO FINANCIAL SEC 6.4 15DEC66 144A FRN 1,000,000 1.19%
ALLO ALLO ISSUER LLC 8.1 20APR55 144A 1,750,000 2.24%
AMSR AMSR 2024-SFR2 TR 4.15 17NOV41 144A 1,000,000 1.20%
ANCHC ANCHORAGE CA 11.96771 15OCT34 144A 1,000,000 1.32%
APID APIDOS CLO L 10.76381 20APR38 144A 500,000 0.61%
APID APIDOS CLO X 10.98447 25JUL38 144A 1,000,000 1.22%
AZUBBZ AZUL INVESTMENTS LLP 7.25 15J DFLT 4,105,000 0.52%
AZUBBZ AZUL INVTS LLP 7.25 15JUN26 1 DFLT 149,000 0.02%
BAHAMA BAHAMAS COMWLTH 9.0 16JUN29 144A 500,000 0.69%
BBCMS BBCMS MTG TR 2025- 4.5 15FEB62 144A 1,000,000 0.93%
BMARK BENCHMARK 2019-B9 3.0 15MAR52 144A 1,000,000 0.58%
BMARK BENCHMARK 2021-B25 MT 3.201 15APR54 591,160 0.53%
CACLN JPMORGAN CHASE 10.418 25FEB33 144A 800,000 1.03%
ELM12 ELMWOOD CLO 13.0061 15OCT37 144A FR 1,677,000 2.02%
ET ENERGY TRANSFER OPER L 6.0 15JUN48 1,200,000 1.48%
FBC FLAGSTAR BANCORP 4.125 01NOV30 FRN 1,109,000 1.33%
FLG FLAGSTAR FINL I 7.30208 06NOV28 FRN 2,000,000 2.45%
FRCB FIRST REP BK SAN FRAN 4.625 13FEB47 1,500,000 0.01%
FYBR FRONTIER ISSUER L 11.5 20AUG53 144A 300,000 0.40%
GBLATL GLOBAL ATLANT 7.95 15OCT54 144A FRN 1,500,000 2.04%
GLM GOLDEN TREE 12.01947 20JAN38 144A F 1,000,000 1.19%
GNR GOVERNMENT NATL 5.30185 20FEB55 FRN 1,967,642 2.47%
GOODG GOODGREEN 2024-1 L 8.5 15JUL56 144A 462,000 0.59%
GRADE SALUDA GRADE ALT 8.486 25APR54 144A 784,509 0.81%
GRLPK GREEN LAKES 9.03177 25JAN38 144A FR 1,000,000 1.27%
HACLN HUNTINGTON N 11.80185 20OCT32 144A 559,013 0.54%
HACLN HUNTINGTON N 7.80185 21MAR33 144A F 448,370 0.52%
HERTZ HERTZ VEH FING II 6.56 25SEP26 144A 500,000 0.32%
HERTZ HERTZ VEH FING II 8.55 26DEC29 144A 1,000,000 1.29%
IHSFR INVITATION HOMES 2 4.5 17SEP41 144A 1,000,000 1.18%
KSS KOHLS CORP 6.875 15DEC37 1,250,000 1.01%
LNC LINCOLN NATL CO 6.94354 17MAY66 FRN 812,000 0.90%
LOGM GOTO GROUP INC 5.5 01MAY28 144A 223,300 0.10%
LUMN LUMEN TECHNOLOGIES 7.6 15SEP39 2,175,000 2.47%
MAGN MAGNERA CORP 7.25 15NOV31 144A 1,000,000 1.22%
MAGNE MAGNETITE 50 0.00 25JUL38 144A FRN 250,000 0.31%
MCAS MULTIFAMILY 9.50517 25MAY55 144A FR 1,300,000 1.69%
MCBRAC MC BRAZIL DOWNSTR 7.25 30JUN31 144A 391,274 0.36%
MLFPK MILFORD PK C 9.11947 20JAN38 144A F 1,000,000 1.27%
NAVSL NAVIENT PRIVATE ED 0.0 15JUL69 144A 4,722 2.05%
OPI OFFICE PPTYS INCOM 9.0 31MAR29 144A 850,000 1.09%
PANAMA PANAMA REP 6.853 28MAR54 500,000 0.60%
PARL PARALLEL 202 11.03108 20JUL34 144A 800,000 1.03%
PDVSA PETROLEOS DE VENEZUELA 6.0 16 DFLT 1,800,000 0.30%
PMT PENNYMAC CORP 8.5 01JUN29 2,300,000 3.02%
PNT POINT SECURITIZATI 5.5 25JUN55 144A 1,500,000 1.53%
PRET PRET 2025-NPL6 5.7437 25JUN55 144A 250,000 0.32%
RMIR RADNOR RE 20 8.30517 25SEP34 144A F 1,150,000 1.52%
UNIT UNITI FIBER ABS I 9.12 20APR55 144A 2,000,000 2.69%
USRE NEW ECONOMY ASSET 2.41 20OCT61 144A 1,750,000 2.05%
WFCM WELLS FARGO COML 4.25 15NOV57 144A 560,000 0.63%
ZAYO ZAYO ISSUER LLC 8.659 20MAR55 144A 2,500,000 3.32%
- VINTY HLDG 5 SA NPV 110,068,832 0.13%
- 2,754 0.05%
AGNC AGNC INV C COM USD0.01 86,000 1.03%
CIM CHIMERA IN COM USD0.01 (PST REV SPL 51,025 0.91%
NLY ANNALY CAP COM USD0.01(POST REV SPL 62,900 1.53%
NRZ RITHM CAPI COM NPV 142,085 2.08%
QVCGA QVC GROUP INC USD 0.01 12,000 0.04%
TWO TWO HARBOR COM USD0.01(POST REV SPL 53,250 0.74%
FVU5 COM US 5YR NOTE (CBT) SEP25 688 0.54%
WNU5 COM US ULTRA BOND CBT Sep25 -133 -0.58%
- USD C HKD @7.80 EO 12,500,000 0.09%
T Bills UNITED STS TREAS BILLS 0.0 05AUG25 700,000 0.89%
T Bills UNITED STS TREAS BILLS 0.0 26AUG25 4,700,000 5.97%
T Bills UNITED STS TREAS BILLS 0.0 30SEP25 5,900,000 7.46%
T Bills UNITED STS TREAS BILLS 0.0 28OCT25 1,500,000 1.89%
- DIAMOND SPORTS NE 01/03/28 TERM LOAN 63,202 0.07%
AGNCL AGNC INVT CORP 7.75 CUM PFD 22,060 0.70%
CIM CHIMERA INVT CORP 10.34822 CUM PFD 74,800 2.36%
CIM CHIMERA INVT CORP 7.75 CUM PFD 20,000 0.58%
FBRT FRANKLIN BSP RLTY TR IN 7.5 CUM PFD 11,300 0.29%
MFAN MFA FINL INC 8.875 PFD 20,000 0.64%
QVCGP QVC GROUP INC 8.0 SER A CUM RED PFD 78,266 0.75%
RILYZ B RILEY FINL INC 5.25 PFD 74,272 0.67%
RITM RITHM CAP CORP 7.0 CUM PFD 112,564 3.47%
RITM RITHM CAP CORP 9.55694 CUM PFD 109,696 3.46%
TWO TWO HBRS INVT CORP 8.125 CUM PFD 16,561 0.49%
- Estimated Cash 1,338,962 1.71%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.14000
$0.14000
$0.14000
$0.14000
View Distribution History

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