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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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As of 08/29/2025

NAV

$ 28.63

NAV Change

- $ 0.14 /0.49%

Price

$ 28.64

Price Change

- $ 0.15 /0.52%

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 08/29/2025

Ticker Symbol
LITL
Gross Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$5,726,478.06
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 07/31/2025 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 07/31/2025
0.15%
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 08/29/2025
0.03%
NAV Per Share as of 08/29/2025
$28.63
Market Price as of 08/29/2025
$28.64
30-Day Median Bid-Ask Spread
0.41%
Bid/Ask
$28.60/$28.72
Midpoint Price
$28.66
Volume
2,439
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 07/31/2025 06/30/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -3.27% 7.08% — — — 6.65%
Market Price -3.65% 6.85% — — — 6.09%
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 08/29/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 465 1.91%
ABG ASBURY AUTOMOTIVE GROUP IN USD 0.01 109 0.48%
ACT ENACT HLDGS INC USD 0.01 690 0.45%
ADNT ADIENT PLC USD 0.001 1,133 0.49%
ADTN ADTRAN HLDGS INC USD 0.01 2,767 0.45%
ADUS ADDUS HOMECARE CORP USD 0.001 231 0.46%
AGX ARGAN INC USD 0.15 108 0.43%
ALHC ALIGNMENT HEALTHCARE INC USD 0.001 1,869 0.53%
AMPH AMPHASTAR PHARMACEUTICAL USD 0.0001 1,143 0.61%
AMRX AMNEAL PHARMACEUTICALS INC USD 0.01 3,096 0.52%
ANF ABERCROMBIE + FITCH CO USD 0.01 267 0.44%
APAM ARTISAN PARTNERS ASSET MGM USD 0.01 540 0.44%
APOG APOGEE ENTERPRISES INC USD 0.333 600 0.46%
ARDT ARDENT HEALTH INC 2,371 0.53%
ARLO ARLO TECHNOLOGIES INC USD 0.001 1,538 0.47%
ARRY ARRAY TECHNOLOGIES INC USD 0.001 3,999 0.63%
ASB ASSOCIATED BANC-CORP USD 0.01 1,006 0.47%
ASGN ASGN INC USD 0.01 499 0.47%
ASTH ASTRANA HEALTH INC USD 0.001 1,124 0.63%
ATKR ATKORE INTL GROUP INC USD 0.01 320 0.33%
ATMU ATMUS FILTRATION TECHNOL USD 0.0001 646 0.50%
ATRC ATRICURE INC USD 0.001 704 0.45%
AVAH AVEANNA HEALTHCARE HLDGS I USD 0.01 6,480 0.91%
BANF BANCFIRST CORP USD 1.0 198 0.46%
BBIO BRIDGEBIO PHARMA INC USD 0.001 512 0.46%
BCRX BIOCRYST PHARMACEUTICALS I USD 0.01 3,048 0.44%
BDC BELDEN INC COM USD0.01 206 0.47%
BFH BREAD FINL HLDGS INC USD 0.01 421 0.49%
BFS SAUL CENTE COM USD0.01 764 0.46%
BKD BROOKDALE SR LIVING INC USD 0.01 3,185 0.43%
BKU BANKUNITED INC USD 0.01 678 0.46%
BL BLACKLINE INC USD 0.01 458 0.43%
BLKB BLACKBAUD INC USD 0.001 372 0.43%
BOX BOX INC USD 0.0001 767 0.44%
BRSL BRIGHTSTAR LOTTERY USD 0.1 1,650 0.48%
BTSG BRIGHTSPRING HEALTH SVCS USD 100.0 1,234 0.51%
CAKE CHEESECAKE FACTORY INC USD 0.01 389 0.42%
CALM CAL MAINE FOODS INC USD 0.01 225 0.45%
CARG CARGURUS INC USD 0.001 761 0.46%
CBL CBL + ASSO COM USD0.01 912 0.51%
CBT CABOT CORP USD 1.0 337 0.48%
CDP CORP OFFICE PROPS USD0.01 889 0.45%
CENT CENTRAL GARDEN + PET CO USD 0.01 624 0.40%
CMC COMMERCIAL METALS CO USD 0.01 483 0.49%
CMP COMPASS MINERALS INTL INC USD 0.01 1,225 0.41%
CMPR CIMPRESS PLC EUR 0.01 456 0.50%
CMRE COSTAMARE INC USD 0.0001 2,358 0.47%
CNMD CONMED CORP USD 0.01 463 0.44%
CNO CNO FINL GROUP INC USD 0.01 683 0.47%
COMM COMMSCOPE HLDG CO INC USD 0.01 3,111 0.87%
CRC CALIFORNIA RES CORP USD 0.01 518 0.45%
CRS CARPENTER TECHNOLOGY CORP USD 5.0 95 0.40%
CRVL CORVEL CORP USD 0.0001 276 0.43%
DAVE DAVE INC USD 0.0001 104 0.39%
DRH DIAMONDROC COM USD0.01 3,202 0.48%
DVAX DYNAVAX TECHNOLOGIES CORP USD 0.001 2,232 0.39%
EAT BRINKER INTL INC USD 0.1 160 0.44%
EE EXCELERATE ENERGY INC USD 0.001 968 0.41%
ENSG ENSIGN GRO COM USD0.001 161 0.48%
ENVA ENOVA INTL INC USD 0.00001 242 0.51%
ESRT EMPIRE ST COM USD0.01 CL A 3,390 0.45%
EVTC EVERTEC INC USD 0.01 697 0.43%
FBNC FIRST BANCORP N C NPV 502 0.48%
FG F+G ANNUITIES + LIFE INC USD 0.001 772 0.47%
FIVN FIVE9 INC USD 0.001 998 0.47%
FMBH FIRST MID BANCSHARES INC USD 4.0 647 0.46%
FOLD AMICUS THERAPEUTICS INC USD 0.01 3,835 0.51%
FSS FEDERAL SIGNAL CORP USD 1.0 198 0.43%
FTDR FRONTDOOR INC USD 0.01 418 0.44%
FUBO FUBOTV INC USD 0.0001 6,463 0.40%
GCT GIGACLOUD TECHNOLOGY INC USD 0.05 1,156 0.53%
GFF GRIFFON CORP USD 0.25 300 0.40%
GH GUARDANT HEALTH INC USD 0.00001 585 0.69%
GMS GMS INC USD 0.01 222 0.43%
GRND GRINDR INC USD 0.0001 1,396 0.38%
GRPN GROUPON INC USD 0.0001 829 0.38%
GTX GARRETT MOTION INC USD 0.001 1,880 0.43%
HCI HCI GROUP INC NPV 175 0.51%
HG HAMILTON INSURANCE GROUP L USD 0.01 1,146 0.48%
HGV HILTON GRAND VACATIONS INC USD 0.01 545 0.45%
HIMS HIMS + HERS HEALTH INC USD 0.0001 388 0.29%
HLF HERBALIFE NUTRITION LTD USD 0.002 2,652 0.45%
HMN HORACE MANN EDUCATORS COR USD 0.001 587 0.47%
HTBI HOMETRUST BANCSHARES INC USD 0.01 635 0.46%
HURN HURON CONSULTING GROUP INC USD 0.01 199 0.48%
HWC HANCOCK WHITNEY CORP USD 3.33 421 0.46%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 360 0.45%
IDT IDT CORP USD 0.01 417 0.47%
IESC IES HLDGS INC USD 0.01 69 0.42%
INDV INDIVIOR PLC USD 0.5 1,151 0.49%
INVA INNOVIVA INC USD 0.01 1,301 0.46%
ITGR INTEGER HLDGS CORP USD 0.001 230 0.43%
ITRI ITRON INC COM NPV 197 0.42%
JXN JACKSON FINL INC USD 0.01 288 0.50%
KAR OPENLANE INC USD 0.01 996 0.50%
KGS KODIAK GAS SVCS INC USD 0.01 774 0.48%
KNSA KINIKSA PHARMACEUTICAL USD 0.000273 758 0.44%
KRG KITE REALT COM USD0.01 1,120 0.45%
KTB KONTOOR BRANDS INC NPV 433 0.58%
LEU CENTRUS ENERGY CORP USD 0.1 116 0.41%
LILAK LIBERTY LATIN AMERICA LTD USD 0.01 3,410 0.49%
LNTH LANTHEUS HLDGS INC USD 0.01 343 0.33%
LRN STRIDE INC USD 0.0001 187 0.53%
LUMN LUMEN TECHNOLOGIES INC LA USD 1.0 6,329 0.55%
LZ LEGALZOOM COM INC USD 0.001 2,795 0.54%
MATX MATSON INC NPV 225 0.41%
MC MOELIS + CO USD 0.01 353 0.44%
MCB METROPOLITAN BK HLDG CORP USD 0.01 352 0.49%
MCY MERCURY GEN CORP NEW NPV 357 0.48%
MDXG MIMEDX GROUP INC USD 0.001 3,385 0.42%
MGNI MAGNITE INC USD 0.00001 1,092 0.49%
MGY MAGNOLIA OIL + GAS CORP USD 0.0001 1,034 0.45%
MIRM MIRUM PHARMACEUTICALS IN USD 0.0001 466 0.60%
MLAB MESA LABS INC NPV 324 0.38%
MMSI MERIT MEDI COM NPV 286 0.45%
MRX MAREX GROUP PLC NPV 640 0.40%
MUR MURPHY OIL CORP USD 1.0 1,023 0.44%
NATL NCR ATLEOS CORP USD 0.01 801 0.55%
NGVT INGEVITY CORP USD 0.01 600 0.61%
NHC NATIONAL HEALTHCARE CORP USD 0.01 262 0.52%
NIC NICOLET BANKSHARES INC USD 0.01 192 0.46%
NMIH NMI HLDGS INC USD 0.01 653 0.45%
NOG NORTHERN OIL + GAS INC USD 0.001 968 0.44%
NSIT INSIGHT ENTERPRISES INC USD 0.01 201 0.46%
NXT NEXTRACKER INC USD 0.0001 429 0.50%
OFG OFG BANCORP USD 1.0 580 0.45%
OII OCEANEERING INTL INC USD 0.25 1,145 0.49%
OMCL OMNICELL INC USD 0.001 814 0.46%
OPCH OPTION CARE HEALTH INC USD 0.0001 838 0.42%
OTTR OTTER TAIL COM USD5 322 0.47%
OUT OUTFRONT M COM USD0.01(POST REV SPL 1,408 0.46%
PATK PATRICK INDS INC NPV 247 0.48%
PBH PRESTIGE CONSUMER HEALTHCARE INC. 329 0.39%
PBI PITNEY BOWES INC USD 1.0 2,154 0.46%
PCRX PACIRA BIOSCIENCES INC USD 0.001 1,098 0.51%
PENG PENGUIN SOLUTIONS INC DEL USD 0.01 1,062 0.45%
PFBC PREFERRED BK LOS ANGELES CALIF NPV 273 0.45%
PFS PROVIDENT FINL SVCS INC USD 0.01 1,345 0.47%
PGNY PROGYNY INC USD 0.0001 1,078 0.45%
PHIN PHINIA INC USD 0.01 489 0.50%
PHR PHREESIA INC USD 0.01 921 0.51%
PI IMPINJ INC USD 0.001 158 0.52%
PIPR PIPER SANDLER COS USD 0.01 78 0.45%
PJT PJT PARTNERS INC USD 0.01 135 0.42%
PLMR PALOMAR HLDGS INC USD 0.0001 187 0.40%
PRIM PRIMORIS SVCS CORP USD 0.0001 267 0.55%
PRM PERIMETER SOLUTIONS INC NPV 1,550 0.61%
PRVA PRIVIA HEALTH GROUP INC USD 0.01 1,285 0.52%
PSFE PAYSAFE LTD USD 0.0001 2,122 0.52%
PTGX PROTAGONIST THERAPEUTIC USD 0.00001 450 0.46%
PTON PELOTON INTERACTIVE IN USD 0.000025 3,672 0.49%
QCRH QCR HLDGS INC USD 1.0 346 0.47%
QLYS QUALYS INC USD 0.001 187 0.44%
QTWO Q2 HLDGS INC USD 0.0001 315 0.43%
RAMP LIVERAMP HLDGS INC USD 0.1 757 0.37%
RDNT RADNET INC USD 0.0001 443 0.56%
REVG REV GROUP INC USD 0.001 501 0.47%
RHP RYMAN HOSP COM USD0.01 261 0.45%
RIGL RIGEL PHARMACEUTICALS INC USD 0.001 1,106 0.75%
RMBS RAMBUS INC DEL USD 0.001 335 0.43%
ROOT ROOT INC USD 0.0001 208 0.33%
RRR RED ROCK RESORTS INC USD 0.01 400 0.43%
RSI RUSH STR INTERACTIVE INC USD 0.0001 1,253 0.49%
RUSHA RUSH ENTERPRISES INC USD 0.01 453 0.45%
SEM SELECT MED HLDGS CORP USD 0.001 1,928 0.44%
SENEA SENECA FOODS CORP NEW USD 0.25 234 0.46%
SFM SPROUTS FMRS MKT INC USD 0.001 157 0.39%
SFNC SIMMONS 1ST NATL CORP USD 0.01 1,274 0.46%
SGHC SUPER GROUP SGHC LTD NPV 2,271 0.46%
SIG SIGNET JEWELERS LIMITED USD0.18 323 0.50%
SIGI SELECTIVE INS GROUP INC USD 2.0 313 0.43%
SKT TANGER FAC COM USD 0.01 821 0.49%
SKWD SKYWARD SPECIALTY INS GROU USD 0.01 503 0.42%
SKYW SKYWEST INC NPV 223 0.47%
SMTC SEMTECH CORP USD 0.01 483 0.49%
SPSC SPS COMM INC USD 0.001 233 0.45%
SR SPIRE INC USD 1.0 327 0.44%
SRCE 1ST SOURCE CORP NPV 412 0.46%
STGW STAGWELL INC USD 0.00001 4,343 0.43%
STNG SCORPIO TANKERS INC USD 0.01 515 0.45%
STRL STERLING INFRASTRUCTURE IN USD 0.01 93 0.45%
SWX SOUTHWEST GAS HOLDINGS INC USD 1.0 311 0.43%
TCBI TEXAS CAP BANCSHARES INC D USD 0.01 299 0.45%
TIPT TIPTREE INC USD 0.001 1,155 0.47%
TK TEEKAY CORP LTD USD 0.001 3,242 0.46%
TMDX TRANSMEDICS GROUP INC NPV 201 0.40%
TTAM TITAN AMERICA SA NPV 1,756 0.48%
TXG 10X GENOMICS INC USD 0.00001 1,853 0.45%
UE URBAN EDGE COM USD0.01 1,274 0.46%
UFPT UFP TECHNOLOGIES INC USD 0.01 107 0.39%
UNFI UNITED NAT FOODS INC USD 0.01 897 0.44%
UNIT UNITI GROU COM USD0.0001 4,936 0.54%
UPWK UPWORK INC USD 0.0001 2,095 0.56%
USLM UNITED STS LIME + MINERALS USD 0.1 246 0.54%
UVE UNIVERSAL INS HLDGS INC USD 0.01 1,054 0.45%
VC VISTEON CORP USD 0.01 219 0.47%
VCYT VERACYTE INC USD 0.001 1,025 0.54%
VRNS VARONIS SYS INC USD 0.001 443 0.46%
VRRM VERRA MOBILITY CORP USD 0.0001 984 0.43%
VSTS VESTIS CORP USD 0.01 4,230 0.35%
WAY WAYSTAR HLDG CORP USD 0.01 685 0.45%
WGS GENEDX HLDGS CORP NPV 239 0.54%
WK WORKIVA INC USD 0.001 287 0.41%
WNS WNS HOLDINGS LTD USD 0.16 324 0.43%
WS WORTHINGTON STL INC USD 0.0001 813 0.47%
WTS WATTS WATE CLASS A COM USD0.10 94 0.45%
YELP YELP INC USD 0.000001 734 0.41%
YOU CLEAR SECURE INC USD 0.00001 841 0.53%
ZWS ZURN ELKAY WTR SOLUTIONS C USD 0.01 539 0.43%
RUTW US 09/10/25 P2130 RUTW Sep 2025 2130 Put 4 0.01%
RUTW US 09/10/25 P2230 RUTW Sep 2025 2230 Put -4 -0.02%
RUTW US 09/12/25 P2130 RUTW Sep 2025 2130 Put 4 0.01%
RUTW US 09/12/25 P2135 RUTW Sep 2025 2135 Put 4 0.01%
RUTW US 09/12/25 P2230 RUTW Sep 2025 2230 Put -4 -0.03%
RUTW US 09/12/25 P2235 RUTW Sep 2025 2235 Put -4 -0.03%
SPXW US 09/03/25 C6560 SPXW Sep 2025 6560 Call 8 0.00%
SPXW US 09/03/25 P6250 SPXW Sep 2025 6250 Put 4 0.01%
SPXW US 09/05/25 C6450 SPXW Sep 2025 6450 Call 1 0.08%
SPXW US 09/05/25 C6475 SPXW Sep 2025 6475 Call 1 0.05%
SPXW US 09/05/25 C6560 SPXW Sep 2025 6560 Call 4 0.03%
SPXW US 09/05/25 P6135 SPXW Sep 2025 6135 Put 5 0.01%
SPXW US 09/10/25 P5900 SPXW Sep 2025 5900 Put 1 0.00%
SPXW US 09/10/25 P6200 SPXW Sep 2025 6200 Put -1 -0.01%
SPXW US 09/12/25 P5890 SPXW Sep 2025 5890 Put 1 0.00%
SPXW US 09/12/25 P5910 SPXW Sep 2025 5910 Put 1 0.01%
SPXW US 09/12/25 P6190 SPXW Sep 2025 6190 Put -1 -0.02%
SPXW US 09/12/25 P6210 SPXW Sep 2025 6210 Put -1 -0.02%
SPXW US 09/19/25 C6535 SPXW Sep 2025 6535 Call 1 0.07%
- Estimated Cash 18,142 0.32%

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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