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CTAP

Simplify US Equity PLUS Managed Futures Strategy ETF

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As of 12/26/2025

NAV

$ 26.28

NAV Change

+ $ 0.40 /1.55%

Price

$ 26.33

Price Change

+ $ 0.37 /1.43%

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 12/26/2025

Ticker Symbol
CTAP
Gross Expense Ratio
0.28%
Net Expense Ratio
0.10%
CUSIP
82889N228
Total Assets
$3,941,886.06
Shares Outstanding
150,001
Distribution Rate as of 12/26/2025 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 12/26/2025 SEC 30-day Yield is available once fund has a full month of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full month of performance.
-
30-Day SEC Yield (Unsubsidized) as of 12/26/2025
-
Options Available
No
Inception Date
12/08/2025
Premium/Discount (%) as of 12/26/2025
0.19%
NAV Per Share as of 12/26/2025
$26.28
Market Price as of 12/26/2025
$26.33
30-Day Median Bid-Ask Spread
N/A
Bid/Ask
$26.29/$26.38
Midpoint Price
$26.34
Volume
5,448
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 11/30/2025 09/30/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV — — — — — —
Market Price — — — — — —
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — —
Market Price — —
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.

Portfolio Holdings

As of 12/26/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IVV ISHARES CORE S+P 500 ETF 4,068 71.55%
ESH6 IND S&P500 EMINI FUT MAR26 3 26.56%
- CTABA1TRS 94,020 66.12%
- CTACI2TRS 23,500 16.53%
- CTACI1TRS 23,000 16.17%
- CTACI1TRS 00001 -615,710 -15.62%
- CTACI2TRS 00001 -640,882 -16.26%
- CTABA1TRS 00001 -2,505,830 -63.57%
T Bills UNITED STS TREAS BILLS 0.0 03MAR26 250,000 6.30%
T Bills UNITED STS TREAS BILLS 0.0 07APR26 600,000 15.07%
- Estimated Cash 141,714 3.60%

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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