CTA

Simplify Managed Futures Strategy ETF

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as of 05/31/2023

NAV

$ 25.46

NAV Change

- $ 0.07 /0.27%

Price

$ 25.49

Price Change

+ $ 0.05 /0.20%
With interest rates near all-time lows, and equity valuations stretched, investors are searching for sources of absolute returns that can simultaneously serve as a portfolio diversifier.

The Simplify Managed Futures Strategy ETF (CTA) seeks long term capital appreciation by systematically investing in futures in an attempt to create an absolute return profile, that also has a low correlation to equities, and can provide support in risk-off events.

To this end, CTA deploys a suite of systematic models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.
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Documents

CTA Fund Deep Dive

Fund Overview

As of 05/31/2023

Ticker Symbol
CTA
Gross Expense Ratio
0.75%
CUSIP
82889N699
Total Assets
$117,732,224.39
Shares Outstanding
4,625,001
SEC 30-Day Yield as of 04/30/2023 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.
2.29%
Unsubsidized 30-Day SEC Yield as of 04/30/2023
2.29%
Distribution Frequency
Monthly
Distribution Yield as of 04/30/2023 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
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Options Available
No
Inception Date
03/07/2022
Premium/Discount (%) as of 05/31/2023
0.14%
NAV
$25.46
NAV Per Share as of 05/31/2023
$25.46
Market Price as of 05/31/2023
$25.49
30-Day Median Bid-Ask Spread
0.28%
Bid/Ask
$25.38/$25.50
Midpoint Price
$25.44
Volume
29,474
NAV Symbol
CTA.NV
IOPV Symbol
CTA.IV
Shares Out. Symbol
CTA.SO

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 0.75%
Distribution and Service (12b-1) Fees 0.00%
Total Annual Fund Operating Expenses 0.75%

Fund Performance

As of 04/30/2023 03/31/2023

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 6.95% 0.14% -11.47% -4.71% 3.12% 6.56%
Market Price 6.75% 0.24% -11.76% -3.88% 1.49% 5.29%
Annualized 1 Year 3 Year Since Inception
NAV 3.12% — 5.69%
Market Price 1.49% — 4.60%
Cumulative 1 Year Since Inception
NAV 4.15% -0.37%
Market Price 3.61% -1.37%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 4.15% — — -0.34%
Market Price 3.61% — — -1.29%
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 2022 1st Quarter of 2023
Days Traded at Premium
172
25
Days Traded at Discount
35
37
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.
Ticker Name Quantity Weight
BAH4 COM BANK ACCEPT FUTR Mar24 -184 -27.33%
BAM3 COM BANK ACCEPT FUTR Jun23 -175 -25.97%
BAU3 COM BANK ACCEPT FUTR Sep23 -148 -21.94%
BAZ3 COM BANK ACCEPT FUTR Dec23 -194 -28.76%
BON3 COM SOYBEAN OIL FUTR Jul23 -213 -5.02%
BOQ3 COM SOYBEAN OIL FUTR Aug23 -81 -1.91%
BOU3 COM SOYBEAN OIL FUTR Sep23 -24 -0.57%
C H4 COM CORN FUTURE Mar24 -95 -2.14%
C N3 COM CORN FUTURE Jul23 -119 -3.00%
CLF4 COM WTI CRUDE FUTURE Jan24 11 0.63%
CLG4 COM WTI CRUDE FUTURE Feb24 6 0.34%
CLN3 COM WTI CRUDE FUTURE Jul23 27 1.56%
CLX3 COM WTI CRUDE FUTURE Nov23 6 0.34%
CLZ3 COM WTI CRUDE FUTURE Dec23 43 2.46%
CNU3 COM CAN 10YR BOND FUT Sep23 92 7.12%
CTN3 COM COTTON NO.2 FUTR Jul23 -51 -1.81%
CTZ3 COM COTTON NO.2 FUTR Dec23 -145 -4.89%
FVU3 COM US 5YR NOTE (CBT) Sep23 -588 -54.48%
GCQ3 COM GOLD 100 OZ FUTR Aug23 -98 -16.50%
GCV3 COM GOLD 100 OZ FUTR Oct23 -4 -0.68%
GCZ3 COM GOLD 100 OZ FUTR Dec23 -2 -0.34%
HGN3 COM COPPER FUTURE Jul23 -95 -7.34%
HGU3 COM COPPER FUTURE Sep23 -29 -2.25%
HGZ3 COM COPPER FUTURE Dec23 -11 -0.86%
LCQ3 COM LIVE CATTLE FUTR Aug23 336 19.14%
LCV3 COM LIVE CATTLE FUTR Oct23 145 8.46%
LCZ3 COM LIVE CATTLE FUTR Dec23 52 3.10%
NGG24 COM NATURAL GAS FUTR Feb24 -2 -0.06%
NGN23 COM NATURAL GAS FUTR Jul23 -10 -0.19%
NGQ23 COM NATURAL GAS FUTR Aug23 -17 -0.34%
NGX23 COM NATURAL GAS FUTR Nov23 -2 -0.05%
SBH4 COM SUGAR #11 (WORLD) Mar24 23 0.54%
SBN3 COM SUGAR #11 (WORLD) Jul23 151 3.60%
SBV3 COM SUGAR #11 (WORLD) Oct23 85 2.00%
SFRH4 COM 3 MONTH SOFR FUT Mar24 -303 -61.53%
SFRM4 COM 3 MONTH SOFR FUT Jun24 -251 -51.22%
SFRU3 COM 3 MONTH SOFR FUT Sep23 -846 -170.37%
SFRZ3 COM 3 MONTH SOFR FUT Dec23 -536 -108.31%
SIN3 COM SILVER FUTURE Jul23 -10 -1.00%
SIU3 COM SILVER FUTURE Sep23 -2 -0.20%
SIZ3 COM SILVER FUTURE Dec23 -1 -0.10%
W N3 COM WHEAT FUTURE(CBT) JUL23 -124 -3.13%
W U3 COM WHEAT FUTURE(CBT) Sep23 -132 -3.41%
W Z3 COM WHEAT FUTURE(CBT) Dec23 -110 -2.93%
- TREASURY BILL DN 6/23 28650000 24.31%
- TREASURY BILL DN 8/23 39550000 33.26%
- TREASURY BILL DN 8/23 9500000 7.99%
- TREASURY BILL DN 9/23 15300000 12.82%
- TREASURY BILL DN 9/23 6300000 5.28%
- CANADIAN DOLLAR 37069 0.02%
- Estimated Cash 13615391 11.74%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.43565 $0.00000 $0.67531 $0.00000 $1.11096
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
View Distribution History