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CTA

Simplify Managed Futures Strategy ETF

Morningstar
Morningstar RatingTM Close

Overall rating based on risk-adjusted returns among 62 funds in the Systematic Trend category as of 05/31/25.
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As of 06/27/2025

NAV

$ 26.73

NAV Change

+ $ 0.01 /0.04%

Price

$ 26.74

Price Change

- $ 0.02 /0.07%
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 At-A-Glance

CTA Fund Deep Dive

CTA Fund Deep Dive Live

Fund Overview

As of 06/27/2025

Ticker Symbol
CTA
Gross Expense Ratio
0.76%
CUSIP
82889N699
Total Assets
$1,056,699,929.42
Shares Outstanding
39,525,001
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.
1.63%
Distribution Frequency
Quarterly
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
2.56%
Options Available
No
Inception Date
03/07/2022
Premium/Discount (%) as of 06/27/2025
0.02%
NAV Per Share as of 06/27/2025
$26.74
Market Price as of 06/27/2025
$26.74
30-Day Median Bid-Ask Spread
0.14%
Bid/Ask
$26.70/$26.72
Midpoint Price
$26.71
Volume
286,991
NAV Symbol
CTA.NV
IOPV Symbol
CTA.IV
Shares Out. Symbol
CTA.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 Fees0.75%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.01%
Total Annual Fund Operating Expenses0.76%

1. Other Expenses includes interest expenses of 0.01%.

Fund Performance (Total Return)

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

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -3.40% -5.12% 0.71% -2.05% 4.14% 31.23%
Market Price -3.39% -5.25% 0.51% -2.40% 4.12% 29.74%
Annualized 1 Year 3 Year Since Inception
NAV 4.14% 7.87% 8.77%
Market Price 4.12% 7.33% 8.39%
Cumulative 1 Year Since Inception
NAV 24.06% 42.57%
Market Price 24.39% 41.66%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 24.06% 14.23% — 12.26%
Market Price 24.39% 14.17% — 12.04%
Calendar Year NAV Market Price
2024 24.18% 24.15%
2023 -3.52% -2.25%
2022 — —
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
163
53
Days Traded at Discount
89
7
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

Holdings Summary Risk Profile

As of 06/27/2025

Holdings - All ETFs
Ticker Name Quantity Weight
BOQ5 COM SOYBEAN OIL FUTR Aug25 382 1.14%
BOU5 COM SOYBEAN OIL FUTR Sep25 265 0.79%
BOV5 COM SOYBEAN OIL FUTR Oct25 18 0.05%
C H6 COM CORN FUTURE Mar26 28 0.06%
C K6 COM CORN FUTURE May26 6 0.01%
C U5 COM CORN FUTURE Sep25 94 0.18%
C Z5 COM CORN FUTURE DEC25 297 0.60%
CCH6 COM COCOA FUTURE Mar26 71 0.53%
CCU5 COM COCOA FUTURE Sep25 499 4.21%
CCZ5 COM COCOA FUTURE Dec25 299 2.34%
CLF6 COM WTI CRUDE FUTURE Jan26 63 0.37%
CLG6 COM WTI CRUDE FUTURE Feb26 40 0.23%
CLH6 COM WTI CRUDE FUTURE Mar26 39 0.23%
CLU5 COM WTI CRUDE FUTURE Sep25 192 1.16%
CLV5 COM WTI CRUDE FUTURE Oct25 66 0.39%
CLX5 COM WTI CRUDE FUTURE Nov25 69 0.41%
CLZ5 COM WTI CRUDE FUTURE Dec25 252 1.47%
CNU5 COM CAN 10YR BOND FUT Sep25 657 5.52%
CORH6 COM 3M CORRA Futures Mar26 542 9.14%
CORU5 COM 3M CORRA Futures Sep25 1,558 26.23%
CORZ5 COM 3M CORRA Futures Dec25 1,186 20.00%
CTH6 COM COTTON NO.2 FUTR Mar26 -162 -0.54%
CTK6 COM COTTON NO.2 FUTR May26 -21 -0.07%
CTZ5 COM COTTON NO.2 FUTR Dec25 -1,092 -3.58%
CVU5 COM CAN 2YR BOND FUT Sep25 94 0.69%
FCQ5 COM CATTLE FEEDER FUT Aug25 419 6.10%
FCU5 COM CATTLE FEEDER FUT Sep25 389 5.67%
FCV5 COM CATTLE FEEDER FUT Oct25 257 3.72%
FVU5 COM US 5YR NOTE (CBT) Sep25 -153 -1.58%
GCG6 COM GOLD 100 OZ FUTR Feb26 5 0.16%
GCQ5 COM GOLD 100 OZ FUTR Aug25 193 6.00%
GCZ5 COM GOLD 100 OZ FUTR Dec25 55 1.74%
HGH6 COM COPPER FUTURE Mar26 12 0.15%
HGU5 COM COPPER FUTURE Sep25 419 5.08%
HGZ5 COM COPPER FUTURE Dec25 72 0.88%
HOQ5 COM NY Harb ULSD Fut Aug25 62 0.55%
HOU5 COM NY Harb ULSD Fut Sep25 2 0.02%
HOV5 COM NY Harb ULSD Fut Oct25 1 0.01%
KCH6 COM COFFEE 'C' FUTURE Mar26 -30 -0.31%
KCU5 COM COFFEE 'C' FUTURE Sep25 -191 -2.06%
KCZ5 COM COFFEE 'C' FUTURE Dec25 -65 -0.69%
KWH6 COM KC HRW WHEAT FUT Mar26 9 0.02%
KWU5 COM KC HRW WHEAT FUT Sep25 71 0.18%
KWZ5 COM KC HRW WHEAT FUT Dec25 32 0.08%
LCQ5 COM LIVE CATTLE FUTR Aug25 618 4.99%
LCV5 COM LIVE CATTLE FUTR Oct25 901 7.16%
LCZ5 COM LIVE CATTLE FUTR Dec25 544 4.33%
LHN5 COM LEAN HOGS FUTURE Jul25 163 0.70%
LHQ5 COM LEAN HOGS FUTURE Aug25 3,104 12.96%
LHV5 COM LEAN HOGS FUTURE Oct25 1,396 5.00%
NGF26 COM NATURAL GAS FUTR Jan26 -249 -1.20%
NGG26 COM NATURAL GAS FUTR Feb26 -100 -0.45%
NGH26 COM NATURAL GAS FUTR Mar26 -150 -0.61%
NGQ25 COM NATURAL GAS FUTR Aug25 -13 -0.05%
NGU25 COM NATURAL GAS FUTR Sep25 -210 -0.75%
NGV25 COM NATURAL GAS FUTR Oct25 -384 -1.40%
NGX25 COM NATURAL GAS FUTR Nov25 -173 -0.69%
NGZ25 COM NATURAL GAS FUTR Dec25 -166 -0.75%
PAU5 COM PALLADIUM FUTURE Sep25 368 4.01%
PLV5 COM PLATINUM FUTURE Oct25 488 3.12%
RSF6 COM CANOLA FUTR (WCE) Jan26 68 0.07%
RSH6 COM CANOLA FUTR (WCE) Mar26 3 0.00%
RSX5 COM CANOLA FUTR (WCE) Nov25 549 0.53%
S F6 COM SOYBEAN FUTURE Jan26 8 0.04%
S Q5 COM SOYBEAN FUTURE Aug25 3 0.01%
S U5 COM SOYBEAN FUTURE Sep25 9 0.04%
S X5 COM SOYBEAN FUTURE Nov25 300 1.45%
SBH6 COM SUGAR #11 (WORLD) Mar26 -730 -1.34%
SBK6 COM SUGAR #11 (WORLD) May26 -203 -0.37%
SBV5 COM SUGAR #11 (WORLD) Oct25 -1,931 -3.42%
SFRH6 COM 3 MONTH SOFR FUT MAR26 -1,250 -28.56%
SFRM6 COM 3 MONTH SOFR FUT Jun26 -1,663 -38.08%
SFRZ5 COM 3 MONTH SOFR FUT Dec25 -494 -11.26%
SIU5 COM SILVER FUTURE Sep25 329 5.66%
SIZ5 COM SILVER FUTURE Dec25 37 0.64%
SMQ5 COM SOYBEAN MEAL FUTR Aug25 -26 -0.07%
SMU5 COM SOYBEAN MEAL FUTR Sep25 -68 -0.18%
SMV5 COM SOYBEAN MEAL FUTR Oct25 -11 -0.03%
TUU5 COM US 2YR NOTE (CBT) Sep25 -4,053 -79.77%
TYU5 COM US 10YR NOTE (CBT)Sep25 -2,285 -24.18%
USU5 COM US LONG BOND(CBT) Sep25 -493 -5.34%
UXYU5 COM US 10yr Ultra Fut Sep25 -1,114 -12.00%
W H6 COM WHEAT FUTURE(CBT) Mar26 49 0.13%
W U5 COM WHEAT FUTURE(CBT) Sep25 538 1.38%
W Z5 COM WHEAT FUTURE(CBT) Dec25 210 0.56%
WNU5 COM US ULTRA BOND CBT Sep25 -726 -8.09%
XBQ5 COM GASOLINE RBOB FUT Aug25 213 1.75%
XBU5 COM GASOLINE RBOB FUT Sep25 31 0.25%
XQU5 COM CAN 5YR BOND FUT Sep25 565 4.45%
- TREASURY BILL DN 7/25 192,600,000 18.21%
- TREASURY BILL DN 7/25 29,500,000 2.79%
- TREASURY BILL DN 7/25 295,000,000 27.83%
- TREASURY BILL DN 7/25 70,000,000 6.60%
- TREASURY BILL DN 8/25 136,800,000 12.89%
- TREASURY BILL DN 8/25 36,000,000 3.39%
- TREASURY BILL DN 8/25 75,100,000 7.06%
- TREASURY BILL DN 8/25 69,300,000 6.51%
- TREASURY BILL DN 9/25 97,100,000 9.09%
- TREASURY BILL DN 9/25 54,500,000 5.10%
- CANADIAN DOLLAR 259,920 0.02%
- CANADIAN DOLLAR 257,720 0.02%
- Estimated Cash 25,218,884 2.38%

Holdings are subject to change without notice.

As of

Portfolio Risk Profile
Category Weight Est. Initial Margin Contrib to Vol
COCOA FUTURE 7.08% 11,909,979 12.02%
LEAN HOGS FUTURE 18.66% 9,489,205 8.17%
NATURAL GAS FUTR -5.90% 4,697,125 7.77%
LIVE CATTLE FUTR 16.48% 6,240,575 7.52%
CATTLE FEEDER FUT 15.49% 4,831,905 6.91%
PALLADIUM FUTURE 4.01% 4,857,600 4.99%
SILVER FUTURE 6.31% 6,039,000 4.86%
GOLD 100 OZ FUTR 7.90% 4,174,500 4.60%
COPPER FUTURE 6.11% 4,979,700 4.34%
PLATINUM FUTURE 3.12% 2,147,200 4.04%
US 2YR NOTE (CBT) -79.77% 5,349,960 3.50%
US ULTRA BOND CBT -8.09% 4,112,790 3.29%
WTI CRUDE FUTURE 4.26% 3,791,705 3.24%
COFFEE 'C' FUTURE -3.06% 2,854,703 2.95%
SUGAR #11 (WORLD) -5.13% 2,808,313 2.85%
US 10YR ULTRA FUT -12.00% 3,124,770 2.49%
SOYBEAN OIL FUTR 1.98% 1,446,445 2.24%
GASOLINE RBOB FUT 2.00% 1,422,098 2.05%
3 MONTH SOFR FUT -2.45% 2,912,801 2.01%
WHEAT FUTURE(CBT) 2.07% 1,327,700 1.81%
US LONG BOND(CBT) -5.34% 2,006,510 1.81%
COTTON NO.2 FUTR -4.19% 2,010,522 1.43%
CAN 10YR BOND FUT 5.07% 1,157,633 0.96%
3M CORRA FUTURES 1.74% 1,425,799 0.90%
NY HARB ULSD FUT 0.58% 456,759 0.71%
SOYBEAN FUTURE 1.55% 634,975 0.68%
CORN FUTURE 0.85% 456,984 0.48%
CAN 5YR BOND FUT 4.45% 589,393 0.43%
CANOLA FUTR (WCE) 0.59% 374,156 0.42%
KC HRW WHEAT FUT 0.29% 200,530 0.25%
US 5YR NOTE (CBT) -1.58% 210,375 0.17%
SOYBEAN MEAL FUTR -0.28% 175,505 0.12%
CAN 2YR BOND FUT 0.69% 43,055 0.02%
Total -16.50% 98,260,269 100.00%
* 10y equivalents for 3 Month SOFR, Bank Acceptances, CORRA, and CAN 10YR Bond futures
Category Weight Market Value/Exposure Est. Yield
Treasury Bill 99.47% 1,051,146,193 4.23%
Pure Cash 0.53% 5,553,736 0.00%
Total 100.00% 1,056,699,929 0.00%
Source: Bloomberg, Simplify

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.25000
$0.00000
$0.00000
$0.12000
View Distribution History
S19(a) Notices 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.
S19(a) Notices Close
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.

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