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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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As of 09/19/2025

NAV

$ 29.01

NAV Change

- $ 0.21 /0.72%

Price

$ 28.84

Price Change

- $ 0.27 /0.93%

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) seeks to provide capital appreciation and income through an actively managed opportunistic strategy combined with a risk-managed income generating option strategy.  

The fund’s subadvisor Piper Sandler utilizes a macro-driven model to select stocks according to style factors that have historically been favorable in the current economic environment.  

A risk-managed options selling strategy is then overlayed on top to provide additional income and total return potential.

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Documents

Fund Overview

As of 09/19/2025

Ticker Symbol
LITL
Gross Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$5,802,174.55
Shares Outstanding
200,001
Distribution Rate as of 06/30/2025 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 08/31/2025 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 08/31/2025
0.16%
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 09/19/2025
-0.59%
NAV Per Share as of 09/19/2025
$29.01
Market Price as of 09/19/2025
$28.84
30-Day Median Bid-Ask Spread
0.42%
Bid/Ask
$28.99/$29.10
Midpoint Price
$29.05
Volume
768
NAV Symbol
LITL.NV
IOPV Symbol
LITL.IV
Shares Out. Symbol
LITL.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 Fees0.90%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.00%
Acquired Fund Fees and Expenses20.01%
Total Annual Fund Operating Expenses0.91%

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.

Fund Performance (Total Return)

As of 08/31/2025 06/30/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 7.39% 8.74% — — — 14.53%
Market Price 7.43% 8.49% — — — 13.97%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 10.25%
Market Price — 10.11%
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 2024 2nd Quarter of 2025
Days Traded at Premium
N/A
39
Days Traded at Discount
N/A
4
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 09/19/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 569 2.38%
ABG ASBURY AUTOMOTIVE GROUP IN USD 0.01 113 0.47%
ACAD ACADIA PHARMACEUTICALS I USD 0.0001 1,096 0.46%
ACEL ACCEL ENTMT INC USD 0.0001 2,458 0.47%
ACT ENACT HLDGS INC USD 0.01 757 0.50%
ADEA ADEIA INC NPV 1,894 0.54%
ADUS ADDUS HOMECARE CORP USD 0.001 247 0.48%
AGM FEDERAL AGRIC MTG CORP USD 1.0 136 0.43%
ALHC ALIGNMENT HEALTHCARE INC USD 0.001 1,743 0.50%
ALKS ALKERMES PLC USD 0.01 983 0.47%
AMPH AMPHASTAR PHARMACEUTICAL USD 0.0001 930 0.44%
AMR ALPHA METALLURGICAL RES IN USD 0.01 191 0.55%
AMRX AMNEAL PHARMACEUTICALS INC USD 0.01 2,982 0.50%
ANIP ANI PHARMACEUTICALS INC USD 0.0001 305 0.51%
AROC ARCHROCK INC USD 0.01 1,151 0.48%
ASB ASSOCIATED BANC-CORP USD 0.01 1,056 0.48%
ATGE ADTALEM GLOBAL ED INC USD 0.01 218 0.53%
ATRC ATRICURE INC USD 0.001 770 0.48%
AVAH AVEANNA HEALTHCARE HLDGS I USD 0.01 3,561 0.50%
AZZ AZZ INC USD 1.0 252 0.49%
BANF BANCFIRST CORP USD 1.0 214 0.49%
BCO BRINKS CO USD 1.0 254 0.50%
BDC BELDEN INC COM USD0.01 219 0.49%
BFH BREAD FINL HLDGS INC USD 0.01 430 0.47%
BKD BROOKDALE SR LIVING INC USD 0.01 3,700 0.50%
BKU BANKUNITED INC USD 0.01 727 0.49%
BL BLACKLINE INC USD 0.01 524 0.48%
BLKB BLACKBAUD INC USD 0.001 427 0.49%
BOW BOWHEAD SPECIALTY HLDGS IN USD 0.01 917 0.44%
BOX BOX INC USD 0.0001 873 0.48%
BRSL BRIGHTSTAR LOTTERY USD 0.1 1,712 0.49%
BTSG BRIGHTSPRING HEALTH SVCS USD 100.0 1,204 0.57%
CABO CABLE ONE INC USD 0.01 176 0.51%
CALM CAL MAINE FOODS INC USD 0.01 246 0.42%
CARG CARGURUS INC USD 0.001 823 0.53%
CARS CARS COM INC USD 0.01 2,183 0.50%
CBL CBL + ASSO COM USD0.01 894 0.47%
CBT CABOT CORP USD 1.0 349 0.47%
CDP CORP OFFICE PROPS USD0.01 990 0.52%
CHEF CHEFS WHSE INC USD 0.01 451 0.50%
CMC COMMERCIAL METALS CO USD 0.01 494 0.50%
CMPO COMPOSECURE INC USD 0.0001 1,490 0.51%
CMRE COSTAMARE INC USD 0.0001 2,490 0.53%
CNMD CONMED CORP USD 0.01 524 0.45%
CNO CNO FINL GROUP INC USD 0.01 722 0.49%
COLL COLLEGIUM PHARMACEUTICAL USD 0.001 734 0.45%
COMM COMMSCOPE HLDG CO INC USD 0.01 1,776 0.50%
CRC CALIFORNIA RES CORP USD 0.01 573 0.54%
CRVL CORVEL CORP USD 0.0001 320 0.44%
CSTL CASTLE BIOSCIENCES INC USD 0.001 1,186 0.50%
CTRI CENTURI HLDGS INC USD 0.01 1,341 0.49%
DAVE DAVE INC USD 0.0001 134 0.55%
DEI DOUGLAS EMMETT INC COM STK USD0.01 1,757 0.49%
DY DYCOM INDS INC USD 0.333333 113 0.53%
EAT BRINKER INTL INC USD 0.1 183 0.43%
ENR ENERGIZER HLDGS INC NEW USD 0.01 1,034 0.51%
ENSG ENSIGN GRO COM USD0.001 166 0.47%
ENVA ENOVA INTL INC USD 0.00001 236 0.51%
ESNT ESSENT GROUP LTD USD 0.015 454 0.51%
ESRT EMPIRE ST COM USD0.01 CL A 3,724 0.48%
EVER EVERQUOTE INC USD 0.001 1,225 0.54%
EVTC EVERTEC INC USD 0.01 798 0.46%
EXTR EXTREME NETWORKS INC USD 0.001 1,332 0.51%
FBNC FIRST BANCORP N C NPV 522 0.48%
FG F+G ANNUITIES + LIFE INC USD 0.001 824 0.47%
FIVN FIVE9 INC USD 0.001 1,058 0.48%
FMBH FIRST MID BANCSHARES INC USD 4.0 704 0.48%
FN FABRINET USD 0.01 86 0.57%
FTDR FRONTDOOR INC USD 0.01 469 0.54%
GCT GIGACLOUD TECHNOLOGY INC USD 0.05 1,078 0.55%
GFF GRIFFON CORP USD 0.25 374 0.49%
GPI GROUP 1 AUTOMOTIVE INC USD 0.01 61 0.48%
GRDN GUARDIAN PHARMACY SVCS INC USD 0.01 1,078 0.47%
GRND GRINDR INC USD 0.0001 1,821 0.50%
GSAT GLOBALSTAR INC USD 0.0001 952 0.58%
GTX GARRETT MOTION INC USD 0.001 2,193 0.51%
GVA GRANITE CONSTR INC USD 0.01 264 0.50%
HBI HANESBRANDS INC USD 4,514 0.50%
HCI HCI GROUP INC NPV 172 0.54%
HLF HERBALIFE NUTRITION LTD USD 0.002 2,913 0.46%
HNRG HALLADOR ENERGY COMPANY USD 0.01 1,747 0.59%
HQY HEALTHEQUITY INC USD 0.0001 319 0.52%
HRMY HARMONY BIOSCIENCES HLD USD 0.00001 772 0.43%
HRTG HERITAGE INS HLDGS INC USD 0.0001 1,251 0.61%
HTBI HOMETRUST BANCSHARES INC USD 0.01 689 0.50%
HURN HURON CONSULTING GROUP INC USD 0.01 208 0.51%
HWC HANCOCK WHITNEY CORP USD 3.33 453 0.50%
HWKN HAWKINS INC USD 0.01 170 0.51%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 398 0.48%
INDV INDIVIOR PLC USD 0.5 1,173 0.46%
INTA INTAPP INC USD 0.001 619 0.48%
ITGR INTEGER HLDGS CORP USD 0.001 264 0.47%
ITRI ITRON INC COM NPV 232 0.48%
JBI JANUS INTL GROUP INC USD 0.0001 2,752 0.48%
JXN JACKSON FINL INC USD 0.01 288 0.50%
KAR OPENLANE INC USD 0.01 987 0.49%
KE KIMBALL ELECTRONICS INC NPV 987 0.54%
KGS KODIAK GAS SVCS INC USD 0.01 796 0.46%
KRG KITE REALT COM USD0.01 1,248 0.48%
LEU CENTRUS ENERGY CORP USD 0.1 141 0.72%
LFST LIFESTANCE HEALTH GROUP IN USD 0.01 5,198 0.47%
LGND LIGAND PHARMACEUTICALS IN USD 0.001 176 0.51%
LMAT LEMAITRE VASCULAR INC USD 0.01 299 0.48%
LRN STRIDE INC USD 0.0001 175 0.43%
LUMN LUMEN TECHNOLOGIES INC LA USD 1.0 5,732 0.56%
LZ LEGALZOOM COM INC USD 0.001 2,573 0.49%
MATX MATSON INC NPV 274 0.49%
MC MOELIS + CO USD 0.01 395 0.53%
MCB METROPOLITAN BK HLDG CORP USD 0.01 359 0.49%
MCY MERCURY GEN CORP NEW NPV 368 0.50%
MD PEDIATRIX MEDICAL GROUP IN USD 0.01 1,655 0.46%
MDXG MIMEDX GROUP INC USD 0.001 4,012 0.49%
MGNI MAGNITE INC USD 0.00001 1,098 0.49%
MGY MAGNOLIA OIL + GAS CORP USD 0.0001 1,145 0.47%
MIRM MIRUM PHARMACEUTICALS IN USD 0.0001 388 0.50%
MMS MAXIMUS INC NPV 324 0.50%
MMSI MERIT MEDI COM NPV 315 0.45%
MRX MAREX GROUP PLC NPV 806 0.46%
MWA MUELLER WTR PRODS INC USD 0.01 1,081 0.47%
NGVT INGEVITY CORP USD 0.01 489 0.47%
NHC NATIONAL HEALTHCARE CORP USD 0.01 253 0.51%
NNI NELNET INC COM USD0.01 CL A 221 0.48%
NSIT INSIGHT ENTERPRISES INC USD 0.01 219 0.45%
NXT NEXTRACKER INC USD 0.0001 426 0.52%
OFG OFG BANCORP USD 1.0 637 0.49%
OPCH OPTION CARE HEALTH INC USD 0.0001 993 0.48%
OSCR OSCAR HEALTH INC USD 0.00001 1,710 0.56%
OTTR OTTER TAIL COM USD5 339 0.49%
PAHC PHIBRO ANIMAL HEALTH CORP USD 0.001 768 0.53%
PAYO PAYONEER GLOBAL INC USD 0.01 4,099 0.47%
PBI PITNEY BOWES INC USD 1.0 2,350 0.48%
PD PAGERDUTY INC USD 0.000005 1,702 0.48%
PECO PHILLIPS E COM USD0.01 810 0.49%
PENG PENGUIN SOLUTIONS INC DEL USD 0.01 1,181 0.56%
PFBC PREFERRED BK LOS ANGELES CALIF NPV 302 0.49%
PFS PROVIDENT FINL SVCS INC USD 0.01 1,436 0.49%
PGNY PROGYNY INC USD 0.0001 1,203 0.45%
PI IMPINJ INC USD 0.001 152 0.50%
PII POLARIS INC USD 0.01 503 0.48%
PINC PREMIER INC USD 0.01 1,100 0.49%
PJT PJT PARTNERS INC USD 0.01 159 0.51%
PLMR PALOMAR HLDGS INC USD 0.0001 232 0.46%
PRIM PRIMORIS SVCS CORP USD 0.0001 240 0.53%
PRKS UNITED PARKS + RESORTS INC USD 0.01 542 0.48%
PTGX PROTAGONIST THERAPEUTIC USD 0.00001 482 0.52%
PTON PELOTON INTERACTIVE IN USD 0.000025 3,748 0.53%
QCRH QCR HLDGS INC USD 1.0 363 0.49%
QLYS QUALYS INC USD 0.001 210 0.49%
QTWO Q2 HLDGS INC USD 0.0001 362 0.49%
RDNT RADNET INC USD 0.0001 398 0.52%
RELY REMITLY GLOBAL INC USD 0.0001 1,537 0.45%
REZI-W RESIDEO TECHNOLOGIES INC USD 0.001 837 0.61%
RHP RYMAN HOSP COM USD0.01 288 0.47%
RIGL RIGEL PHARMACEUTICALS INC USD 0.001 734 0.44%
ROAD CONSTRUCTION PARTNERS INC USD 0.001 238 0.55%
RRR RED ROCK RESORTS INC USD 0.01 460 0.48%
RUSHA RUSH ENTERPRISES INC USD 0.01 496 0.49%
SAH SONIC AUTOMOTIVE INC USD 0.01 347 0.47%
SBH SALLY BEAUTY HLDGS INC USD 0.01 2,055 0.55%
SEM SELECT MED HLDGS CORP USD 0.001 2,190 0.47%
SENEA SENECA FOODS CORP NEW USD 0.25 252 0.45%
SGHC SUPER GROUP SGHC LTD NPV 2,449 0.50%
SIG SIGNET JEWELERS LIMITED USD0.18 324 0.54%
SIGI SELECTIVE INS GROUP INC USD 2.0 364 0.49%
SKT TANGER FAC COM USD 0.01 833 0.48%
SKWD SKYWARD SPECIALTY INS GROU USD 0.01 590 0.48%
SKYW SKYWEST INC NPV 235 0.42%
SRCE 1ST SOURCE CORP NPV 442 0.48%
STGW STAGWELL INC USD 0.00001 5,051 0.44%
STNG SCORPIO TANKERS INC USD 0.01 565 0.57%
STRL STERLING INFRASTRUCTURE IN USD 0.01 102 0.63%
SUPN SUPERNUS PHARMACEUTICALS USD 0.001 631 0.50%
SVC SERVICE PP COM USD0.01 SH BEN INT 10,551 0.51%
SWX SOUTHWEST GAS HOLDINGS INC USD 1.0 357 0.48%
TCBI TEXAS CAP BANCSHARES INC D USD 0.01 329 0.49%
TDW TIDEWATER INC NEW USD 0.001 473 0.46%
TENB TENABLE HLDGS INC USD 0.01 921 0.48%
TILE INTERFACE INC USD 0.1 1,066 0.54%
TIPT TIPTREE INC USD 0.001 1,215 0.49%
TK TEEKAY CORP LTD USD 0.001 3,474 0.51%
TMDX TRANSMEDICS GROUP INC NPV 248 0.52%
TNET TRINET GROUP INC USD 0.000025 393 0.46%
TPC TUTOR PERINI CORP USD 1.0 483 0.55%
TTAM TITAN AMERICA SA NPV 1,837 0.48%
UE URBAN EDGE COM USD0.01 1,377 0.49%
UFCS UNITED FIRE GROUP INC USD 0.001 927 0.50%
UNFI UNITED NAT FOODS INC USD 0.01 1,007 0.52%
UPWK UPWORK INC USD 0.0001 1,852 0.64%
USLM UNITED STS LIME + MINERALS USD 0.1 228 0.50%
UVE UNIVERSAL INS HLDGS INC USD 0.01 1,168 0.52%
VC VISTEON CORP USD 0.01 230 0.49%
WAY WAYSTAR HLDG CORP USD 0.01 752 0.49%
WGS GENEDX HLDGS CORP NPV 221 0.49%
WS WORTHINGTON STL INC USD 0.0001 855 0.49%
YOU CLEAR SECURE INC USD 0.00001 787 0.51%
ZETA ZETA GLOBAL HLDGS CORP USD 0.001 1,450 0.54%
GLD US 10/03/25 P313 GLD Oct 2025 313 Put 30 0.00%
GLD US 10/03/25 P317 GLD Oct 2025 317 Put 30 0.01%
GLD US 10/03/25 P323 GLD Oct 2025 323 Put -30 -0.01%
GLD US 10/03/25 P327 GLD Oct 2025 327 Put -30 -0.03%
RUTW US 10/01/25 P2245 RUTW Oct 2025 2245 Put 4 0.01%
RUTW US 10/01/25 P2345 RUTW Oct 2025 2345 Put -4 -0.03%
RUTW US 10/03/25 P2225 RUTW Oct 2025 2225 Put 9 0.03%
RUTW US 10/03/25 P2325 RUTW Oct 2025 2325 Put -9 -0.09%
SPXW US 09/26/25 C6725 SPXW Sep 2025 6725 Call 4 0.07%
SPXW US 09/26/25 P6250 SPXW Sep 2025 6250 Put 3 0.01%
SPXW US 09/26/25 P6300 SPXW Sep 2025 6300 Put 4 0.01%
SPXW US 10/01/25 P6000 SPXW Oct 2025 6000 Put 1 0.00%
SPXW US 10/01/25 P6100 SPXW Oct 2025 6100 Put 1 0.00%
SPXW US 10/01/25 P6300 SPXW Oct 2025 6300 Put -1 -0.01%
SPXW US 10/01/25 P6400 SPXW Oct 2025 6400 Put -1 -0.01%
SPXW US 10/03/25 C6670 SPXW Oct 2025 6670 Call 1 0.10%
SPXW US 10/03/25 P6110 SPXW Oct 2025 6110 Put 2 0.01%
SPXW US 10/03/25 P6410 SPXW Oct 2025 6410 Put -2 -0.04%
SPXW US 10/06/25 C6790 SPXW Oct 2025 6790 Call 3 0.08%
SPXW US 10/08/25 C6690 SPXW Oct 2025 6690 Call 1 0.10%
SPXW US 10/10/25 C6725 SPXW Oct 2025 6725 Call 1 0.08%
- Estimated Cash 17,257 0.30%

Holdings are subject to change without notice.

Recent Distributions

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

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