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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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As of 07/18/2025

NAV

$ 27.04

NAV Change

- $ 0.25 /0.92%

Price

$ 27.07

Price Change

- $ 0.20 /0.73%

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 07/18/2025

Ticker Symbol
LITL
Gross Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$5,407,858.52
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 06/30/2025 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 06/30/2025
-
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 07/18/2025
0.11%
NAV Per Share as of 07/18/2025
$27.04
Market Price as of 07/18/2025
$27.07
30-Day Median Bid-Ask Spread
0.40%
Bid/Ask
$27.01/$27.13
Midpoint Price
$27.07
Volume
318
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 06/30/2025 06/30/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 4.68% — — — — 10.25%
Market Price 4.81% — — — — 10.11%
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

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 07/18/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 505 2.08%
ACIW ACI WORLDWIDE INC USD 0.005 593 0.50%
ACT ENACT HLDGS INC USD 0.01 774 0.50%
ADEA ADEIA INC NPV 2,014 0.51%
ADNT ADIENT PLC USD 0.001 1,447 0.58%
AGM FEDERAL AGRIC MTG CORP USD 1.0 146 0.47%
AGX ARGAN INC USD 0.15 130 0.50%
AHCO ADAPTHEALTH CORP USD 0.0001 3,053 0.52%
AHR AMER HELTH COM USD0.01 790 0.55%
ALG ALAMO GROUP INC USD 0.1 138 0.55%
ALKS ALKERMES PLC USD 0.01 991 0.54%
ALRM ALARM COM HLDGS INC NPV 506 0.52%
AMBP ARDAGH METAL PACKAGING SA USD 0.01 6,638 0.56%
AMRX AMNEAL PHARMACEUTICALS INC USD 0.01 3,510 0.52%
ANF ABERCROMBIE + FITCH CO USD 0.01 349 0.60%
APOG APOGEE ENTERPRISES INC USD 0.333 680 0.53%
ARDT ARDENT HEALTH INC 2,087 0.43%
ARKO ARKO CORP USD 0.0001 6,402 0.51%
ATGE ADTALEM GLOBAL ED INC USD 0.01 221 0.48%
ATKR ATKORE INTL GROUP INC USD 0.01 400 0.55%
AUPH AURINIA PHARMACEUTICALS INC NPV 3,305 0.53%
AVPT AVEPOINT INC USD 0.0001 1,470 0.51%
BANF BANCFIRST CORP USD 1.0 229 0.57%
BBIO BRIDGEBIO PHARMA INC USD 0.001 636 0.55%
BCPC BALCHEM CORP USD 0.0667 180 0.51%
BCRX BIOCRYST PHARMACEUTICALS I USD 0.01 3,048 0.49%
BDC BELDEN INC COM USD0.01 245 0.58%
BFH BREAD FINL HLDGS INC USD 0.01 503 0.57%
BFS SAUL CENTE COM USD0.01 837 0.51%
BL BLACKLINE INC USD 0.01 490 0.51%
BLKB BLACKBAUD INC USD 0.001 440 0.52%
BOW BOWHEAD SPECIALTY HLDGS IN USD 0.01 765 0.48%
BOX BOX INC USD 0.0001 839 0.50%
BTSG BRIGHTSPRING HEALTH SVCS USD 100.0 1,152 0.42%
CALM CAL MAINE FOODS INC USD 0.01 285 0.56%
CARG CARGURUS INC USD 0.001 875 0.54%
CBL CBL + ASSO COM USD0.01 1,088 0.53%
CDNA CAREDX INC USD 0.001 1,486 0.33%
CDP CORP OFFICE PROPS USD0.01 999 0.51%
CENT CENTRAL GARDEN + PET CO USD 0.01 806 0.60%
CHEF CHEFS WHSE INC USD 0.01 430 0.52%
CMC COMMERCIAL METALS CO USD 0.01 587 0.57%
CMP COMPASS MINERALS INTL INC USD 0.01 1,424 0.54%
CNK CINEMARK HLDGS INC USD 0.001 950 0.53%
CNO CNO FINL GROUP INC USD 0.01 722 0.50%
COLL COLLEGIUM PHARMACEUTICAL USD 0.001 941 0.54%
CPRX CATALYST PHARMACEUTICALS USD 0.001 1,310 0.51%
CRC CALIFORNIA RES CORP USD 0.01 620 0.59%
CRCT CRICUT INC USD 0.001 4,523 0.45%
CRS CARPENTER TECHNOLOGY CORP USD 5.0 105 0.56%
CRVL CORVEL CORP USD 0.0001 276 0.48%
CSGS CSG SYS INTL INC USD 0.01 445 0.51%
CSW CSW INDUSTRIALS INC USD 0.01 99 0.53%
CTRI CENTURI HLDGS INC USD 0.01 1,314 0.50%
CVLT COMMVAULT SYS INC USD 0.01 164 0.52%
DAVE DAVE INC USD 0.0001 114 0.46%
DVAX DYNAVAX TECHNOLOGIES CORP USD 0.001 2,800 0.56%
EAT BRINKER INTL INC USD 0.1 160 0.48%
EE EXCELERATE ENERGY INC USD 0.001 968 0.48%
EHAB ENHABIT INC USD 0.01 2,987 0.37%
ENSG ENSIGN GRO COM USD0.001 187 0.47%
ENVA ENOVA INTL INC USD 0.00001 258 0.54%
EPRT ESSENTIAL USD0.01 894 0.50%
ESNT ESSENT GROUP LTD USD 0.015 472 0.49%
ESRT EMPIRE ST COM USD0.01 CL A 3,576 0.50%
EVER EVERQUOTE INC USD 0.001 1,188 0.54%
EWCZ EUROPEAN WAX CTR INC USD 0.00001 4,948 0.45%
FBNC FIRST BANCORP N C NPV 652 0.58%
FBP FIRST BANCORP P R USD 0.1 1,372 0.56%
FG F+G ANNUITIES + LIFE INC USD 0.001 888 0.51%
FSS FEDERAL SIGNAL CORP USD 1.0 274 0.55%
FTDR FRONTDOOR INC USD 0.01 498 0.53%
GFF GRIFFON CORP USD 0.25 398 0.57%
GMS GMS INC USD 0.01 294 0.60%
GPOR GULFPORT ENERGY CORP USD 0.0001 144 0.50%
GRND GRINDR INC USD 0.0001 1,286 0.47%
GRPN GROUPON INC USD 0.0001 829 0.50%
GVA GRANITE CONSTR INC USD 0.01 308 0.54%
HALO HALOZYME THERAPEUTICS INC USD 0.001 546 0.57%
HBI HANESBRANDS INC USD 6,192 0.52%
HCI HCI GROUP INC NPV 188 0.50%
HGV HILTON GRAND VACATIONS INC USD 0.01 683 0.59%
HIMS HIMS + HERS HEALTH INC USD 0.0001 578 0.54%
HMN HORACE MANN EDUCATORS COR USD 0.001 632 0.48%
HQY HEALTHEQUITY INC USD 0.0001 274 0.50%
HRI HERC HLDGS INC USD 0.01 218 0.55%
HWC HANCOCK WHITNEY CORP USD 3.33 503 0.56%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 438 0.56%
IBTA IBOTTA INC USD 0.00001 772 0.53%
IESC IES HLDGS INC USD 0.01 97 0.59%
INTA INTAPP INC USD 0.001 560 0.44%
INVA INNOVIVA INC USD 0.01 1,399 0.51%
IRTC IRHYTHM TECHNOLOGIES INC USD 0.001 186 0.47%
ITGR INTEGER HLDGS CORP USD 0.001 230 0.48%
JBI JANUS INTL GROUP INC USD 0.0001 3,355 0.54%
JXN JACKSON FINL INC USD 0.01 334 0.54%
KGS KODIAK GAS SVCS INC USD 0.01 839 0.50%
KOP KOPPERS HLDGS INC USD 0.01 871 0.52%
KTB KONTOOR BRANDS INC NPV 433 0.51%
LAUR LAUREATE ED INC USD 0.001 1,219 0.55%
LEU CENTRUS ENERGY CORP USD 0.1 170 0.78%
LFST LIFESTANCE HEALTH GROUP IN USD 0.01 5,542 0.43%
LILAK LIBERTY LATIN AMERICA LTD USD 0.01 4,672 0.56%
LIVN LIVANOVA PLC GBP 1.0 634 0.49%
LPG DORIAN LPG LTD USD 0.01 1,144 0.60%
LUMN LUMEN TECHNOLOGIES INC LA USD 1.0 6,329 0.51%
LZ LEGALZOOM COM INC USD 0.001 3,231 0.53%
MATX MATSON INC NPV 243 0.47%
MCY MERCURY GEN CORP NEW NPV 425 0.53%
MD PEDIATRIX MEDICAL GROUP IN USD 0.01 1,935 0.45%
MGY MAGNOLIA OIL + GAS CORP USD 0.0001 1,276 0.55%
MLAB MESA LABS INC NPV 290 0.38%
MLI MUELLER INDS INC USD 0.01 351 0.55%
MYRG MYR GROUP INC DEL USD 0.01 155 0.55%
NAGE CHROMADEX CORP USD 0.001 2,007 0.38%
NATL NCR ATLEOS CORP USD 0.01 967 0.49%
NHC NATIONAL HEALTHCARE CORP USD 0.01 262 0.47%
NMIH NMI HLDGS INC USD 0.01 691 0.49%
NNI NELNET INC COM USD0.01 CL A 236 0.52%
NTB BANK OF NT BUTTERFIELD + S BMD 0.01 650 0.55%
NTGR NETGEAR INC USD 0.001 1,006 0.52%
NVCR NOVOCURE LTD NPV 1,585 0.47%
NXT NEXTRACKER INC USD 0.0001 485 0.54%
OFG OFG BANCORP USD 1.0 666 0.55%
OPCH OPTION CARE HEALTH INC USD 0.0001 838 0.46%
OSCR OSCAR HEALTH INC USD 0.00001 1,398 0.35%
OTTR OTTER TAIL COM USD5 365 0.52%
OUT OUTFRONT M COM USD0.01(POST REV SPL 1,658 0.55%
PBH PRESTIGE CONSUMER HEALTHCARE INC. 351 0.49%
PBI PITNEY BOWES INC USD 1.0 2,662 0.59%
PFBC PREFERRED BK LOS ANGELES CALIF NPV 331 0.57%
PGNY PROGYNY INC USD 0.0001 1,276 0.52%
PHR PHREESIA INC USD 0.01 1,001 0.47%
PJT PJT PARTNERS INC USD 0.01 181 0.61%
PLMR PALOMAR HLDGS INC USD 0.0001 187 0.48%
PLUS EPLUS INC USD 0.01 383 0.48%
PLXS PLEXUS COR COM USD0.01 210 0.52%
PRIM PRIMORIS SVCS CORP USD 0.0001 357 0.58%
PRKS UNITED PARKS + RESORTS INC USD 0.01 611 0.54%
PTCT PTC THERAPEUTICS INC USD 0.001 567 0.50%
PTON PELOTON INTERACTIVE IN USD 0.000025 4,199 0.49%
QLYS QUALYS INC USD 0.001 197 0.51%
QTWO Q2 HLDGS INC USD 0.0001 315 0.53%
RAMP LIVERAMP HLDGS INC USD 0.1 871 0.53%
RBCAA REPUBLIC BANCORP INC KY NPV 391 0.55%
RDNT RADNET INC USD 0.0001 477 0.51%
REAX REAL BROKERAGE INC NPV 6,653 0.47%
RHP RYMAN HOSP COM USD0.01 284 0.53%
RMBS RAMBUS INC DEL USD 0.001 447 0.56%
ROAD CONSTRUCTION PARTNERS INC USD 0.001 261 0.52%
ROOT ROOT INC USD 0.0001 221 0.54%
RRR RED ROCK RESORTS INC USD 0.01 570 0.58%
RSI RUSH STR INTERACTIVE INC USD 0.0001 1,941 0.52%
SDGR SCHRODINGER INC USD 0.01 1,387 0.55%
SEM SELECT MED HLDGS CORP USD 0.001 1,793 0.48%
SENEA SENECA FOODS CORP NEW USD 0.25 284 0.54%
SEZL SEZZLE INC NPV 172 0.45%
SFM SPROUTS FMRS MKT INC USD 0.001 177 0.54%
SHAK SHAKE SHACK INC USD 0.01 205 0.51%
SIG SIGNET JEWELERS LIMITED USD0.18 347 0.53%
SIGI SELECTIVE INS GROUP INC USD 2.0 332 0.55%
SKWD SKYWARD SPECIALTY INS GROU USD 0.01 503 0.50%
SKYW SKYWEST INC NPV 269 0.56%
SMTC SEMTECH CORP USD 0.01 635 0.63%
SR SPIRE INC USD 1.0 391 0.54%
SRCE 1ST SOURCE CORP NPV 454 0.53%
STRL STERLING INFRASTRUCTURE IN USD 0.01 123 0.57%
SVC SERVICE PP COM USD0.01 SH BEN INT 11,796 0.57%
TALO TALOS ENERGY INC USD 0.01 3,283 0.52%
TBBK BANCORP INC DEL USD 1.0 502 0.63%
TDOC TELADOC HEALTH INC 3,394 0.51%
TIPT TIPTREE INC USD 0.001 1,155 0.45%
TK TEEKAY CORP LTD USD 0.001 3,242 0.45%
TMDX TRANSMEDICS GROUP INC NPV 217 0.44%
TNET TRINET GROUP INC USD 0.000025 392 0.46%
TPC TUTOR PERINI CORP USD 1.0 609 0.56%
TWST TWIST BIOSCIENCE CORP USD 0.00001 795 0.52%
UE URBAN EDGE COM USD0.01 1,512 0.54%
UFCS UNITED FIRE GROUP INC USD 0.001 965 0.49%
UFPT UFP TECHNOLOGIES INC USD 0.01 116 0.49%
UPWK UPWORK INC USD 0.0001 2,095 0.51%
USLM UNITED STS LIME + MINERALS USD 0.1 290 0.56%
VCEL VERICEL CORP NPV 665 0.43%
VERX VERTEX INC USD 0.001 828 0.54%
VRRM VERRA MOBILITY CORP USD 0.0001 1,160 0.53%
WAY WAYSTAR HLDG CORP USD 0.01 685 0.46%
WGS GENEDX HLDGS CORP NPV 315 0.45%
YOU CLEAR SECURE INC USD 0.00001 1,033 0.58%
GLD US 07/25/25 P288 GLD Jul 2025 288 Put 28 0.00%
GLD US 07/25/25 P298 GLD Jul 2025 298 Put -28 -0.01%
GLD US 07/30/25 P287 GLD Jul 2025 287 Put 27 0.00%
GLD US 07/30/25 P297 GLD Jul 2025 297 Put -27 -0.01%
GLD US 08/01/25 P288 GLD Aug 2025 288 Put 31 0.01%
GLD US 08/01/25 P297 GLD Aug 2025 297 Put -31 -0.03%
RUTW US 07/30/25 P1990 RUTW Jul 2025 1990 Put 4 0.01%
RUTW US 07/30/25 P2090 RUTW Jul 2025 2090 Put -4 -0.02%
RUTW US 08/01/25 P2000 RUTW Aug 2025 2000 Put 4 0.01%
RUTW US 08/01/25 P2100 RUTW Aug 2025 2100 Put -4 -0.04%
SPXW US 07/21/25 P6000 SPXW Jul 2025 6000 Put 4 0.00%
SPXW US 07/25/25 C6400 SPXW Jul 2025 6400 Call 12 0.07%
SPXW US 07/28/25 P6000 SPXW Jul 2025 6000 Put 4 0.01%
SPXW US 07/30/25 P5700 SPXW Jul 2025 5700 Put 2 0.00%
SPXW US 07/30/25 P6000 SPXW Jul 2025 6000 Put -2 -0.01%
SPXW US 07/31/25 C6500 SPXW Jul 2025 6500 Call 30 0.13%
SPXW US 08/01/25 P5740 SPXW Aug 2025 5740 Put 2 0.01%
SPXW US 08/01/25 P6040 SPXW Aug 2025 6040 Put -2 -0.04%
SPXW US 08/15/25 C6400 SPXW Aug 2025 6400 Call 5 0.45%
SPXW US 08/15/25 C6650 SPXW Aug 2025 6650 Call 16 0.11%
- Estimated Cash 15,977 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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