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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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As of 04/27/2026

NAV

$ 31.30

NAV Change

- $ 0.07 /0.22%

Price

$ 31.32

Price Change

- $ 0.04 /0.13%

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 04/27/2026

Ticker Symbol
LITL
Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$5,478,308.17
Shares Outstanding
175,001
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.
2.10%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 03/31/2026
-
30-Day SEC Yield (Unsubsidized) as of 03/31/2026
0.14%
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 04/27/2026
0.05%
NAV Per Share as of 04/27/2026
$31.30
Market Price as of 04/27/2026
$31.32
30-Day Median Bid-Ask Spread
0.39%
Bid/Ask
$31.27/$31.38
Midpoint Price
$31.33
Volume
235
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 44% 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 03/31/2026 03/31/2026

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year Since Inception
NAV -5.69% -2.70% 1.66% -2.70% — — — 16.03%
Market Price -5.51% -2.80% 1.50% -2.80% — — — 15.35%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
Cumulative 1 Year 3 Year 5 Year Since Inception
NAV — — — 16.03%
Market Price — — — 15.35%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
Calendar Year NAV Market Price
2025 — —
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 2025 1st Quarter of 2026
Days Traded at Premium
142
21
Days Traded at Discount
29
40
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 04/27/2026

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 716 3.62%
ACEL ACCEL ENTMT INC USD 0.0001 3,130 0.71%
ACIC AMERICAN COASTAL INS COR USD 0.0001 3,150 0.70%
ACT ENACT HLDGS INC USD 0.01 835 0.67%
ADMA ADMA BIOLOGICS INC USD 0.0001 3,760 0.75%
AGX ARGAN INC USD 0.15 60 0.72%
AII AMERICAN INTEGRITY INS GR USD 0.001 1,801 0.64%
ALRS ALERUS FINL CORP USD 1.0 1,449 0.69%
AMSC AMERICAN SUPERCONDUCTOR CO USD 0.01 1,077 0.98%
ANIP ANI PHARMACEUTICALS INC USD 0.0001 466 0.68%
APEI AMERICAN PUB ED INC USD 0.01 600 0.62%
ARHS ARHAUS INC USD 0.001 5,415 0.74%
AROC ARCHROCK INC USD 0.01 998 0.68%
ASIC ATEGRITY SPECIALTY INS CO USD 0.001 1,734 0.64%
ATEX ANTERIX INC USD 0.0001 856 0.74%
ATLC ATLANTICUS HLDGS CORP NPV 647 0.94%
ATMU ATMUS FILTRATION TECHNOL USD 0.0001 600 0.69%
AWR AMERICAN STS WTR CO NPV 446 0.65%
BCC BOISE CASCADE CO USD 0.01 472 0.72%
BELFB BEL FUSE INC USD 0.1 169 0.77%
BFH BREAD FINL HLDGS INC USD 0.01 473 0.76%
BKE BUCKLE INC USD 0.01 689 0.71%
BLBD BLUE BIRD CORP USD 0.0001 589 0.69%
BLX BANCO LATINOAMERICANO DE COMERC NPV 661 0.68%
BOX BOX INC USD 0.0001 1,439 0.63%
CBL CBL + ASSO COM USD0.01 856 0.71%
CNX CNX RES CORP USD 0.01 893 0.63%
CPRX CATALYST PHARMACEUTICALS USD 0.001 1,400 0.75%
CRDO CREDO TECHNOLOGY GROUP USD 0.00005 341 1.12%
CRVL CORVEL CORP USD 0.0001 634 0.67%
CSTL CASTLE BIOSCIENCES INC USD 0.001 1,391 0.63%
CSTM CONSTELLIUM SE EUR 0.02 1,251 0.71%
CVLT COMMVAULT SYS INC USD 0.01 432 0.70%
CXM SPRINKLR INC USD 0.00003 5,701 0.53%
CYH COMMUNITY HEALTH SYS INC N USD 0.01 11,672 0.60%
DJCO DAILY JOURNAL CORP USD 0.01 66 0.63%
DLX DELUXE CORP USD 1.0 1,249 0.70%
EAT BRINKER INTL INC USD 0.1 239 0.59%
ENR ENERGIZER HLDGS INC NEW USD 0.01 2,105 0.75%
ENSG ENSIGN GRO COM USD0.001 175 0.61%
EVER EVERQUOTE INC USD 0.001 2,277 0.66%
FBIZ FIRST BUSINESS FINL SVCS I USD 0.01 626 0.65%
FBP FIRST BANCORP P R USD 0.1 1,589 0.70%
FLOC FLOWCO HLDGS INC USD 0.0001 1,676 0.73%
FPI FARMLAND P COM USD0.01 3,023 0.64%
FTDR FRONTDOOR INC USD 0.01 633 0.70%
FUL FULLER H B CO USD 1.0 571 0.66%
GCT GIGACLOUD TECHNOLOGY INC USD 0.05 772 0.64%
GHC GRAHAM HLDGS CO USD 1.0 33 0.70%
GRDN GUARDIAN PHARMACY SVCS INC USD 0.01 910 0.63%
GTN GRAY MEDIA INC NPV 7,695 0.80%
HCI HCI GROUP INC NPV 226 0.64%
HG HAMILTON INSURANCE GROUP L USD 0.01 1,139 0.68%
HIPO HIPPO HLDGS INC USD 0.0001 1,337 0.70%
HRTG HERITAGE INS HLDGS INC USD 0.0001 1,320 0.72%
HURN HURON CONSULTING GROUP INC USD 0.01 265 0.61%
IBEX IBEX HOLDINGS LTD USD 0.0001 1,247 0.63%
IDR IDAHO STRATEGIC RESOURCES I USD 0.1 981 0.78%
INDV INDIVIOR PHARMACEUTICALS USD 0.001 1,134 0.71%
INVA INNOVIVA INC USD 0.01 1,503 0.64%
IRTC IRHYTHM HLDGS INC USD 0.001 296 0.68%
IRWD IRONWOOD PHARMACEUTICALS USD 0.001 9,761 0.72%
JBSS SANFILIPPO JOHN B + SON IN USD 0.01 421 0.60%
JOE ST JOE CO NPV 531 0.69%
KNF KNIFE RIV CORP USD 0.01 468 0.76%
LCII LCI INDS USD 0.01 282 0.61%
LFST LIFESTANCE HEALTH GROUP IN USD 0.01 5,475 0.73%
LMAT LEMAITRE VASCULAR INC USD 0.01 319 0.67%
LOCO EL POLLO LOCO HLDGS INC USD 0.01 2,488 0.63%
MATX MATSON INC NPV 207 0.67%
MAX MEDIAALPHA INC USD 0.01 3,692 0.67%
MBIN MERCHANTS BANCORP IND NPV 777 0.71%
MCY MERCURY GEN CORP NEW NPV 392 0.70%
MGY MAGNOLIA OIL + GAS CORP USD 0.0001 1,114 0.60%
MMS MAXIMUS INC NPV 554 0.66%
MPTI M-TRON INDS INC USD 0.01 500 0.57%
MRX MAREX GROUP PLC NPV 788 0.76%
NAGE CHROMADEX CORP USD 0.001 7,888 0.71%
NBR NABORS INDUSTRIES LTD USD 0.001 432 0.72%
NEXN NEXXEN INTERNATIONAL LTD NPV 5,227 0.69%
NHC NATIONAL HEALTHCARE CORP USD 0.01 213 0.69%
NJR NEW JERSEY RES CORP USD 2.5 617 0.63%
NSSC NAPCO SEC TECHNOLOGIES INC USD 0.01 866 0.73%
NTB BANK OF NT BUTTERFIELD + S BMD 0.01 647 0.66%
NWPX NWPX INFRASTRUCTURE INC USD 0.01 434 0.67%
OBT ORANGE CNTY BANCORP INC USD 0.25 1,067 0.69%
ODC OIL DRI CORP AMER USD 0.1 511 0.69%
OGS ONE GAS INC USD 0.01 389 0.62%
OII OCEANEERING INTL INC USD 0.25 972 0.67%
OMDA OMADA HEALTH INC USD 0.001 2,747 0.74%
ONIT ONITY GROUP INC USD 0.01 871 0.73%
OPRX OPTIMIZERX CORP USD 0.001 5,267 0.62%
PACS PACS GROUP INC USD 0.001 1,075 0.69%
PAHC PHIBRO ANIMAL HEALTH CORP USD 0.001 623 0.64%
PD PAGERDUTY INC USD 0.000005 5,398 0.66%
PKBK PARKE BANCORP INC USD 0.1 1,222 0.67%
PLOW DOUGLAS DYNAMICS INC USD 0.01 825 0.68%
POWL POWELL INDS INC USD 0.01 63 0.30%
PRDO PERDOCEO ED CORP USD 0.01 920 0.55%
PRG PROG HLDGS INC USD 0.5 1,226 0.68%
PRVA PRIVIA HEALTH GROUP INC USD 0.01 1,629 0.73%
QNST QUINSTREET INC USD 0.001 2,856 0.69%
RDN RADIAN GROUP INC USD 0.001 1,027 0.67%
RDVT RED VIOLET INC USD 0.001 974 0.67%
REPX RILEY EXPL PERMIAN INC USD 0.001 944 0.62%
RUSHA RUSH ENTERPRISES INC USD 0.01 525 0.73%
SAFX XCF GLOBAL INC USD 0.001 90,724 0.60%
SBH SALLY BEAUTY HLDGS INC USD 0.01 2,600 0.68%
SEZL SEZZLE INC NPV 542 0.79%
SIGA SIGA TECHNOLOGIES INC USD 0.0001 6,594 0.55%
SITC SITE CTRS CORP 6,398 0.65%
SLDE SLIDE INS HLDGS INC USD 0.01 1,920 0.66%
SMP STANDARD MTR PRODS INC USD 2.0 972 0.67%
STRL STERLING INFRASTRUCTURE IN USD 0.01 83 0.77%
TALK TALKSPACE INC USD 0.0001 6,670 0.63%
TCBX THIRD COAST BANCSHARES INC USD 1.0 896 0.62%
THFF FIRST FINL CORP IND NPV 540 0.66%
TILE INTERFACE INC USD 0.1 1,359 0.69%
TK TEEKAY CORP LTD USD 0.001 2,714 0.66%
TMDX TRANSMEDICS GROUP INC NPV 343 0.68%
TRNO TERRENO RE COM USD0.01 556 0.67%
TSSI TSS INC DEL USD 0.0001 2,594 0.71%
TXG 10X GENOMICS INC USD 0.00001 1,548 0.63%
UE URBAN EDGE COM USD0.01 1,696 0.68%
UPWK UPWORK INC USD 0.0001 3,159 0.61%
URBN URBAN OUTFITTERS INC USD 0.0001 535 0.71%
USLM UNITED STS LIME + MINERALS USD 0.1 255 0.60%
UVE UNIVERSAL INS HLDGS INC USD 0.01 1,037 0.77%
VAL VALARIS LTD USD 0.01 353 0.63%
VCYT VERACYTE INC USD 0.001 1,072 0.66%
VEL VELOCITY FINL INC USD 0.01 1,895 0.67%
VLGEA VILLAGE SUPER MKT INC NPV 802 0.62%
VMD VIEMED HEALTHCARE INC NPV 3,588 0.65%
VSCO VICTORIAS SECRET + CO USD 0.01 751 0.72%
VTEX VTEX USD 0.0001 8,531 0.63%
WGS GENEDX HLDGS CORP NPV 522 0.63%
WLDN WILLDAN GROUP INC USD 0.01 431 0.53%
WLY WILEY JOHN CLASS A COM USD 1 885 0.66%
WWW WOLVERINE WORLD WIDE INC USD 1.0 2,167 0.69%
XHR XENIA HOTE COM USD0.01 2,333 0.68%
YOU CLEAR SECURE INC USD 0.00001 673 0.67%
ZVRA ZEVRA THERAPEUTICS INC USD 0.0001 3,676 0.66%
SPXW US 07/17/26 C7600 SPXW Jul 2026 7600 Call 1 0.09%
SPXW US 07/17/26 C7650 SPXW Jul 2026 7650 Call 1 0.08%
- Estimated Cash 36,679 0.67%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.05000
$0.05000
$0.05000
$0.05000
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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