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CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

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As of 01/16/2026

NAV

$ 26.06

NAV Change

- $ 0.46 /1.73%

Price

$ 26.19

Price Change

- $ 0.37 /1.39%

The Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) seeks long-term capital appreciation by combining 100% exposure to large cap U.S. equities with 100% exposure to a systematic managed futures strategy.

The two assets taken together seek to achieve two goals:

  • Enhance returns by combining equities with a complementary strategy that has a history of low correlations to equities while providing support during risk-off events.
  • Increase capital efficiency by providing 100% exposure to each asset without requiring any additional capital outlay.
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Documents

Fund Overview

As of 01/16/2026

Ticker Symbol
CTAP
Gross Expense Ratio
0.28%
Net Expense Ratio
0.10%
CUSIP
82889N228
Total Assets
$13,031,582.01
Shares Outstanding
500,001
Distribution Rate as of 12/31/2025 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 12/31/2025
1.76%
30-Day SEC Yield (Unsubsidized) as of 12/31/2025
1.62%
Options Available
No
Inception Date
12/08/2025
Premium/Discount (%) as of 01/16/2026
0.49%
NAV Per Share as of 01/16/2026
$26.06
Market Price as of 01/16/2026
$26.19
30-Day Median Bid-Ask Spread
0.34%
Bid/Ask
$26.09/$26.18
Midpoint Price
$26.14
Volume
7,969
NAV Symbol
CTAP.NV
IOPV Symbol
CTAP.IV
Shares Out. Symbol
CTAP.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 Fees0.25%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.00%
Acquired Fund Fees and Expenses20.03%
Total Annual Fund Operating Expenses0.28%
Fee Waiver(0.18)%
Total Annual Fund Operating Expenses After Fee Waiver30.10%

1. Other Expenses are estimated for the Fund’s initial fiscal year.
2. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal year, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will 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.
3. The Fund’s adviser has contractually agreed, through at least December 4, 2026, to reduce its management fees to 0.07% of the Fund’s average daily net assets.

Fund Performance (Total Return)

As of 12/31/2025 12/31/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV — — — — — 2.12%
Market Price — — — — — 2.44%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 2.12%
Market Price — 2.44%
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 2025 4th Quarter of 2025
Days Traded at Premium
11
11
Days Traded at Discount
5
5
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 01/16/2026

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 16,000 85.29%
ESH6 IND S&P500 EMINI FUT MAR26 6 16.06%
- CTASOF+85 BULET02082 125,000 26.44%
- TRSCTASOFR+148BULET0 94,020 19.88%
- CTASOFR+75 BULET0208 70,000 14.80%
- TRSCI0002 43,000 9.09%
- CTASOF+75BULET011227 26,000 5.50%
- CTASOF+75BULET011227 25,000 5.29%
- CTASOFR+75BULET01122 23,500 4.97%
- CTASOF+75BULET011227 23,000 4.86%
- CTASOF+75BULET011227 20,700 4.38%
- CTASOF+75BULET011227 -563,454 -4.32%
- CTASOF+75BULET011227 -615,710 -4.72%
- CTASOFR+75BULET01122 -640,882 -4.92%
- CTASOF+75BULET011227 -689,000 -5.29%
- CTASOF+75BULET011227 -692,750 -5.32%
- CTASOF+75BULET011227 -705,120 -5.41%
- TRSCI0002 00001 -1,186,370 -9.10%
- CTASOFR+75 BULET0208 -1,934,100 -14.84%
- TRSCTASOFR+148BULET0 -2,505,830 -19.23%
- CTASOF+85 BULET02082 -3,486,925 -26.76%
T Bills UNITED STS TREAS BILLS 0.0 03MAR26 250,000 1.91%
T Bills UNITED STS TREAS BILLS 0.0 07APR26 600,000 4.57%
T Bills UNITED STS TREAS BILLS 0.0 05MAY26 400,000 3.04%
- Estimated Cash 595,365 4.57%

Holdings are subject to change without notice.

Recent Distributions

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

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