CTAP Simplify US Equity PLUS Managed Futures Strategy ETF
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.
Fund Overview
As of 06/12/2026
Ticker Symbol
CTAP
Gross Expense Ratio
0.28%
Net Expense Ratio
0.10%
CUSIP
82889N228
Total Assets
$176,521,424.17
Shares Outstanding
6,150,001
Distribution Rate as of 03/31/2026
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.2.98%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 05/31/2026
1.59%
30-Day SEC Yield (Unsubsidized) as of 05/31/2026
1.44%
Options Available
No
Inception Date
12/08/2025
Premium/Discount (%) as of 06/12/2026
0.06%
NAV Per Share as of 06/12/2026
$28.70
Market Price as of 06/12/2026
$28.72
30-Day Median Bid-Ask Spread
0.29%
Bid/Ask
$28.66/$28.76
Midpoint Price
$28.71
Volume
70,976
NAV Symbol
CTAP.NV
IOPV Symbol
CTAP.IV
Shares Out. Symbol
CTAP.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. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.
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 | 0.25% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Other Expenses1 | 0.00% |
| Acquired Fund Fees and Expenses2 | 0.03% |
| Total Annual Fund Operating Expenses | 0.28% |
| Fee Waiver | (0.18)% |
| Total Annual Fund Operating Expenses After Fee Waiver3 | 0.10% |
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 05/31/2026 03/31/2026
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|---|---|---|
| NAV | -5.71% | 6.27% | — | 18.47% | — | — | — | 20.99% |
| Market Price | -6.04% | 6.10% | — | 18.20% | — | — | — | 21.09% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | — | — | — | — |
| Market Price | — | — | — | — |
| Cumulative | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | — | — | — | 8.14% |
| Market Price | — | — | — | 7.94% |
| 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.
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
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| IVV | ISHARES CORE S+P 500 ETF | 171,124 | 72.24% |
| ESM6 IND | S&P500 EMINI FUT JUN26 | 150 | 31.59% |
| - | TRS CTA SOFR +100 030827 BULLET | 3,100,000 | 49.61% |
| - | TRS CTA SOFR +99 060427 BULLET | 700,000 | 11.20% |
| - | TRS CTA SOFR +100 050727 BULLET | 675,000 | 10.80% |
| - | TRS CTA SOFR +100 020827 BULLET | 345,000 | 5.52% |
| - | TRS CTA SOFR +75 060427 BULLET | 250,000 | 4.00% |
| - | TRS CTA SOFR +75 050727 BULLET | 250,000 | 4.00% |
| - | TRS CTA SOFR +75 070227 BULLET | 175,000 | 2.80% |
| - | TRS CTA SOFR +75 040827 BULLET | 150,000 | 2.40% |
| - | TRS CTA SOFR +75 060427 BULLET | 100,000 | 1.60% |
| - | TRS CTA SOFR +75 040827 BULLET | 100,000 | 1.60% |
| - | TRS CTA SOFR +100 010827 BULLET | 94,020 | 1.50% |
| - | TRS CTA SOFR +90 050727 BULLET | 75,000 | 1.20% |
| - | TRS CTA SOFR +75 020827 BULLET | 70,000 | 1.12% |
| - | TRS CTA SOFR +75 020827 BULLET | 43,000 | 0.69% |
| - | TRS CTA SOFR +75 020827 BULLET | 40,000 | 0.64% |
| - | TRS CTA SOFR +75 011227 BULLET | 26,000 | 0.42% |
| - | TRS CTA SOFR +75 011227 BULLET | 25,000 | 0.40% |
| - | TRS CTA SOFR +75 011227 BULLET | 23,500 | 0.38% |
| - | TRS CTA SOFR +75 011227 BULLET | 23,000 | 0.37% |
| - | TRS CTA SOFR +75 011227 BULLET | 20,700 | 0.33% |
| - | TRS CTA SOFR +75 011227 BULLET | -563,454 | -0.32% |
| - | TRS CTA SOFR +75 011227 BULLET | -615,710 | -0.35% |
| - | TRS CTA SOFR +75 011227 BULLET | -640,647 | -0.36% |
| - | TRS CTA SOFR +75 011227 BULLET | -689,000 | -0.39% |
| - | TRS CTA SOFR +75 011227 BULLET | -692,750 | -0.39% |
| - | TRS CTA SOFR +75 011227 BULLET | -705,120 | -0.40% |
| - | TRS CTA SOFR +75 020827 BULLET | -1,111,200 | -0.63% |
| - | TRS CTA SOFR +75 020827 BULLET | -1,186,370 | -0.67% |
| - | TRS CTA SOFR +75 020827 BULLET | -1,934,100 | -1.10% |
| - | TRS CTA SOFR +90 050727 BULLET | -2,199,187 | -1.25% |
| - | TRS CTA SOFR +100 010827 BULLET | -2,505,830 | -1.42% |
| - | TRS CTA SOFR +75 040827 BULLET | -3,008,000 | -1.70% |
| - | TRS CTA SOFR +75 060427 BULLET | -3,084,820 | -1.75% |
| - | TRS CTA SOFR +75 040827 BULLET | -4,521,000 | -2.56% |
| - | TRS CTA SOFR +75 070227 BULLET | -5,177,957 | -2.93% |
| - | TRS CTA SOFR +75 050727 BULLET | -7,270,000 | -4.12% |
| - | TRS CTA SOFR +75 060427 BULLET | -7,957,125 | -4.51% |
| - | TRS CTA SOFR +100 020827 BULLET | -9,674,937 | -5.48% |
| - | TRS CTA SOFR +100 050727 BULLET | -20,109,300 | -11.39% |
| - | TRS CTA SOFR +99 060427 BULLET | -21,511,816 | -12.19% |
| - | TRS CTA SOFR +100 030827 BULLET | -89,601,600 | -50.76% |
| T Bills | UNITED STS TREAS BILLS 0.0 21JUL26 | 3,000,000 | 1.69% |
| T Bills | UNITED STS TREAS BILLS 0.0 20AUG26 | 9,000,000 | 5.06% |
| T Bills | UNITED STS TREAS BILLS 0.0 01SEP26 | 7,800,000 | 4.38% |
| T Bills | UNITED STS TREAS BILLS 0.0 22SEP26 | 3,000,000 | 1.68% |
| T Bills | UNITED STS TREAS BILLS 0.0 15OCT26 | 20,300,000 | 11.36% |
| T Bills | UNITED STS TREAS BILLS 0.0 03DEC26 | 3,600,000 | 2.00% |
| XIB | UNITED STS TREAS BILLS 0.0 04AUG26 | 7,500,000 | 4.23% |
| - | Estimated Cash | -2,105,484 | -1.19% |
Holdings are subject to change without notice.
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution |
|---|---|---|---|
| N/A | |||
| $0.20000 | |||
| $0.00000 |
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.
