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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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As of 12/12/2025

NAV

$ 30.34

NAV Change

- $ 0.21 /0.69%

Price

$ 30.34

Price Change

- $ 0.20 /0.65%

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 12/12/2025

Ticker Symbol
LITL
Gross Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$6,068,492.68
Shares Outstanding
200,001
Distribution Rate as of 09/30/2025 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.
0.70%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2025
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2025
0.42%
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 12/12/2025
-0.01%
NAV Per Share as of 12/12/2025
$30.34
Market Price as of 12/12/2025
$30.34
30-Day Median Bid-Ask Spread
0.43%
Bid/Ask
$30.29/$30.42
Midpoint Price
$30.36
Volume
9
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 43% 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 11/30/2025 09/30/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.08% 3.10% 12.11% — — 18.08%
Market Price 3.95% 3.04% 11.79% — — 17.44%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 14.14%
Market Price — 13.65%
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 3rd Quarter of 2025
Days Traded at Premium
N/A
54
Days Traded at Discount
N/A
10
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 12/12/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 477 2.00%
ACAD ACADIA PHARMACEUTICALS I USD 0.0001 1,530 0.68%
ACIC AMERICAN COASTAL INS COR USD 0.0001 3,206 0.67%
ACLS AXCELIS TECHNOLOGIES INC USD 0.001 463 0.65%
ADMA ADMA BIOLOGICS INC USD 0.0001 1,997 0.65%
AEO AMERICAN EAGLE OUTFITTERS USD 0.01 1,878 0.79%
ALEX ALEXANDER COM USD0.01 2,451 0.85%
ALKS ALKERMES PLC USD 0.01 1,295 0.61%
ALRM ALARM COM HLDGS INC NPV 737 0.63%
ALX ALEXANDERS COM USD1 181 0.65%
ANF ABERCROMBIE + FITCH CO USD 0.01 391 0.72%
ATEX ANTERIX INC USD 0.0001 1,863 0.71%
ATRC ATRICURE INC USD 0.001 1,061 0.74%
AUPH AURINIA PHARMACEUTICALS INC NPV 2,377 0.62%
AVAH AVEANNA HEALTHCARE HLDGS I USD 0.01 4,102 0.61%
BBW BUILD-A-BEAR WORKSHOP INC USD 0.01 721 0.63%
BELFB BEL FUSE INC USD 0.1 249 0.71%
BFH BREAD FINL HLDGS INC USD 0.01 566 0.70%
BHRB BURKE HERBERT FINL SVCS CO USD 0.01 587 0.67%
BLBD BLUE BIRD CORP USD 0.0001 734 0.61%
BTSG BRIGHTSPRING HEALTH SVCS USD 100.0 1,059 0.64%
BY BYLINE BANCORP INC USD 0.01 1,372 0.69%
BYRN BYRNA TECHNOLOGIES INC USD 0.001 2,099 0.65%
CARG CARGURUS INC USD 0.001 1,086 0.69%
CASH PATHWARD FINL INC USD 0.01 533 0.65%
CBL CBL + ASSO COM USD0.01 1,146 0.70%
CDNA CAREDX INC USD 0.001 2,144 0.73%
CENT CENTRAL GARDEN + PET CO USD 0.01 1,121 0.62%
CMRE COSTAMARE INC USD 0.0001 2,509 0.65%
COLL COLLEGIUM PHARMACEUTICAL USD 0.001 821 0.66%
COMM COMMSCOPE HLDG CO INC USD 0.01 1,941 0.62%
CPRX CATALYST PHARMACEUTICALS USD 0.001 1,636 0.64%
CRMD CORMEDIX INC USD 0.001 3,905 0.74%
CRVL CORVEL CORP USD 0.0001 523 0.60%
CSTL CASTLE BIOSCIENCES INC USD 0.001 959 0.61%
CWAN CLEARWATER ANALYTICS HLDG USD 0.001 1,737 0.62%
CXM SPRINKLR INC USD 0.00003 5,299 0.70%
DHIL DIAMOND HILL INVT GROUP INC NPV 325 0.91%
DHT DHT HOLDINGS INC USD 0.01 2,940 0.60%
DJCO DAILY JOURNAL CORP USD 0.01 84 0.70%
DVAX DYNAVAX TECHNOLOGIES CORP USD 0.001 3,369 0.60%
EBF ENNIS BUSINESS FORMS INC USD 2.5 2,197 0.66%
EBS EMERGENT BIOSOLUTIONS INC USD 0.001 3,430 0.64%
ENS ENERSYS USD 0.01 268 0.65%
EVER EVERQUOTE INC USD 0.001 1,452 0.66%
FLR FLUOR CORP NEW USD 0.01 892 0.64%
FOA FINANCE OF AMER COS INC USD 0.0001 1,599 0.62%
FOR FORESTAR GROUP INC USD 1.0 1,501 0.66%
FTK FLOTEK INDS INC DEL USD 0.0001 2,681 0.74%
FUBO FUBOTV INC USD 0.0001 12,602 0.55%
FUNC FIRST UTD CORP USD 0.01 1,003 0.67%
GCT GIGACLOUD TECHNOLOGY INC USD 0.05 1,033 0.69%
GIII G-III APPAREL GROUP LTD USD 0.01 1,314 0.68%
GLDD GREAT LAKES DREDGE + DOC USD 0.0001 3,000 0.68%
GRBK GREEN BRICK PARTNERS INC USD 0.01 564 0.62%
GT GOODYEAR TIRE + RUBR CO NPV 4,424 0.64%
GTN GRAY MEDIA INC NPV 7,786 0.67%
GTX GARRETT MOTION INC USD 0.001 2,318 0.65%
GTY GETTY REAL COM USD0.01 1,346 0.63%
HBCP HOME BANCORP INC USD 0.01 691 0.69%
HBT HBT FINL INC USD 0.01 1,583 0.69%
HCI HCI GROUP INC NPV 216 0.67%
HG HAMILTON INSURANCE GROUP L USD 0.01 1,404 0.65%
HLF HERBALIFE NUTRITION LTD USD 0.002 3,009 0.73%
HLIT HARMONIC INC USD 0.001 4,007 0.68%
HRTG HERITAGE INS HLDGS INC USD 0.0001 1,319 0.63%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 576 0.69%
IBTA IBOTTA INC USD 0.00001 1,606 0.57%
IESC IES HLDGS INC USD 0.01 92 0.70%
IIPR INNOVATIVE COM USD0.001 775 0.73%
INDV INDIVIOR PLC USD 0.5 1,140 0.67%
IRMD IRADIMED CORP USD 0.0001 411 0.65%
IRWD IRONWOOD PHARMACEUTICALS USD 0.001 10,946 0.65%
JBSS SANFILIPPO JOHN B + SON IN USD 0.01 527 0.65%
JCAP JEFFERSON CAP INC DEL USD 0.0001 1,827 0.66%
KALU KAISER ALUM CORP USD 0.01 399 0.72%
KFRC KFORCE INC USD 0.01 1,303 0.66%
KMT KENNAMETAL INC USD 1.25 1,384 0.67%
KROS KEROS THERAPEUTICS INC USD 0.0001 2,192 0.78%
KRYS KRYSTAL BIOTECH INC USD 0.00001 176 0.71%
LCII LCI INDS USD 0.01 337 0.68%
LEU CENTRUS ENERGY CORP USD 0.1 148 0.61%
LMAT LEMAITRE VASCULAR INC USD 0.01 462 0.64%
MARA MARA HLDGS INC USD 0.001 3,244 0.62%
MATX MATSON INC NPV 352 0.69%
MAX MEDIAALPHA INC USD 0.01 3,002 0.64%
MCY MERCURY GEN CORP NEW NPV 411 0.63%
MD PEDIATRIX MEDICAL GROUP IN USD 0.01 1,590 0.59%
MDXG MIMEDX GROUP INC USD 0.001 5,568 0.66%
NAGE CHROMADEX CORP USD 0.001 5,659 0.61%
NECB NORTHEAST CMNTY BANCORP IN USD 0.01 1,810 0.70%
NHC NATIONAL HEALTHCARE CORP USD 0.01 281 0.64%
NOG NORTHERN OIL + GAS INC USD 0.001 1,711 0.64%
NRIM NORTHRIM BANCORP INC USD 1.0 1,560 0.71%
NSSC NAPCO SEC TECHNOLOGIES INC USD 0.01 948 0.66%
NTB BANK OF NT BUTTERFIELD + S BMD 0.01 825 0.70%
NTGR NETGEAR INC USD 0.001 1,448 0.59%
ODC OIL DRI CORP AMER USD 0.1 704 0.59%
OMCL OMNICELL INC USD 0.001 1,049 0.76%
OTTR OTTER TAIL COM USD5 466 0.65%
OUT OUTFRONT M COM USD0.01(POST REV SPL 1,628 0.63%
PFBC PREFERRED BK LOS ANGELES CALIF NPV 406 0.67%
PGNY PROGYNY INC USD 0.0001 1,453 0.64%
PLUS EPLUS INC USD 0.01 428 0.65%
PLYM PLYMOUTH I COM USD0.01 1,746 0.63%
PNRG PRIMEENERGY RES CORP USD 0.1 209 0.60%
POWL POWELL INDS INC USD 0.01 119 0.66%
PRM PERIMETER SOLUTIONS INC NPV 1,374 0.64%
PSIX POWER SOLUTIONS INTL INC USD 0.001 708 0.73%
PTCT PTC THERAPEUTICS INC USD 0.001 446 0.56%
QCRH QCR HLDGS INC USD 1.0 469 0.67%
QLYS QUALYS INC USD 0.001 272 0.68%
RDN RADIAN GROUP INC USD 0.001 1,078 0.64%
REVG REV GROUP INC USD 0.001 719 0.69%
RHLDV RESOLUTE HLDGS MGMT INC USD 0.0001 216 0.72%
RIGL RIGEL PHARMACEUTICALS INC USD 0.001 759 0.51%
RVLV REVOLVE GROUP INC USD 0.001 1,585 0.74%
SBH SALLY BEAUTY HLDGS INC USD 0.01 2,415 0.62%
SBSI SOUTHSIDE COM USD1.25 1,306 0.69%
SD SANDRIDGE ENERGY INC USD 0.001 2,709 0.65%
SEM SELECT MED HLDGS CORP USD 0.001 2,473 0.63%
SGHC SUPER GROUP SGHC LTD NPV 3,537 0.66%
SITC SITE CTRS CORP 5,205 0.54%
SLDE SLIDE INS HLDGS INC USD 0.01 2,268 0.67%
SXT SENSIENT TECHNOLOGIES CORP USD 0.1 393 0.61%
TCBX THIRD COAST BANCSHARES INC USD 1.0 1,005 0.66%
TCMD TACTILE SYS TECHNOLOGY IN USD 0.001 1,490 0.68%
TGTX TG THERAPEUTICS INC USD 0.001 1,152 0.60%
THR THERMON GROUP HLDGS INC USD 0.001 1,091 0.72%
TILE INTERFACE INC USD 0.1 1,373 0.65%
TK TEEKAY CORP LTD USD 0.001 3,945 0.60%
TMDX TRANSMEDICS GROUP INC NPV 262 0.55%
TNET TRINET GROUP INC USD 0.000025 654 0.64%
TPB TURNING PT BRANDS INC USD 0.01 382 0.66%
TSSI TSS INC DEL USD 0.0001 3,978 0.50%
UFCS UNITED FIRE GROUP INC USD 0.001 1,048 0.63%
UPWK UPWORK INC USD 0.0001 1,941 0.70%
UTL UNITIL CORP NPV 763 0.62%
UVE UNIVERSAL INS HLDGS INC USD 0.01 1,156 0.63%
VAL VALARIS LTD USD 0.01 679 0.61%
VCYT VERACYTE INC USD 0.001 809 0.57%
VEL VELOCITY FINL INC USD 0.01 1,982 0.64%
VSCO VICTORIAS SECRET + CO USD 0.01 927 0.83%
VTEX VTEX USD 0.0001 9,231 0.58%
VTOL BRISTOW GROUP INC DEL NEW USD 0.01 1,021 0.62%
WLFC WILLIS LEASE FIN CORP USD 0.01 312 0.68%
WLY WILEY JOHN CLASS A COM USD 1 1,054 0.54%
WSR WHITESTONE SBI COM USD0.001 CL B 2,883 0.64%
WTBA WEST BANCORPORATION INC NPV 1,724 0.67%
ZVRA ZEVRA THERAPEUTICS INC USD 0.0001 4,544 0.62%
RUTW US 12/26/25 P2320 RUTW Dec 2025 2320 Put 4 0.01%
RUTW US 12/26/25 P2420 RUTW Dec 2025 2420 Put -4 -0.03%
SPXW US 01/02/26 C6885 SPXW Jan 2026 6885 Call 1 0.09%
SPXW US 12/15/25 C7000 SPXW Dec 2025 7000 Call 17 0.00%
SPXW US 12/19/25 C6920 SPXW Dec 2025 6920 Call 4 0.08%
SPXW US 12/19/25 C7000 SPXW Dec 2025 7000 Call 8 0.02%
SPXW US 12/19/25 P6300 SPXW Dec 2025 6300 Put 1 0.00%
SPXW US 12/19/25 P6600 SPXW Dec 2025 6600 Put -1 -0.01%
SPXW US 12/26/25 P6260 SPXW Dec 2025 6260 Put 1 0.00%
SPXW US 12/26/25 P6560 SPXW Dec 2025 6560 Put -1 -0.02%
- Estimated Cash -1,293 -0.02%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.05000
$0.00000
View Distribution History
S19(a) Notices 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.
S19(a) Notices Close
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.

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