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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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As of 02/10/2026

NAV

$ 30.44

NAV Change

- $ 0.14 /0.46%

Price

$ 30.42

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 02/10/2026

Ticker Symbol
LITL
Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$6,087,333.49
Shares Outstanding
200,001
Distribution Rate as of 01/31/2026 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.
1.99%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 01/31/2026
-
30-Day SEC Yield (Unsubsidized) as of 01/31/2026
0.08%
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 02/10/2026
-0.05%
NAV Per Share as of 02/10/2026
$30.44
Market Price as of 02/10/2026
$30.42
30-Day Median Bid-Ask Spread
0.66%
Bid/Ask
$30.31/$30.56
Midpoint Price
$30.44
Volume
58
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 92% 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 01/31/2026 12/31/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 2.18% 7.40% 14.25% 2.18% — 21.85%
Market Price 2.07% 7.21% 14.17% 2.07% — 21.12%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 19.25%
Market Price — 18.67%
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 4th Quarter of 2025
Days Traded at Premium
142
49
Days Traded at Discount
29
15
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 02/10/2026

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 198 0.87%
- XCF GLOBAL INC USD 0.001 176,193 0.51%
ACAD ACADIA PHARMACEUTICALS I USD 0.0001 1,545 0.58%
ACIC AMERICAN COASTAL INS COR USD 0.0001 3,514 0.64%
ACLS AXCELIS TECHNOLOGIES INC USD 0.001 441 0.65%
ADMA ADMA BIOLOGICS INC USD 0.0001 2,245 0.60%
AII AMERICAN INTEGRITY INS GR USD 0.001 2,078 0.62%
ALEX ALEXANDER COM USD0.01 1,872 0.64%
ALKS ALKERMES PLC USD 0.01 1,146 0.65%
ALRM ALARM COM HLDGS INC NPV 796 0.62%
ALRS ALERUS FINL CORP USD 1.0 1,577 0.66%
ALX ALEXANDERS COM USD1 159 0.61%
AMAL AMALGAMATED FINL CORP USD 0.01 1,000 0.68%
ANF ABERCROMBIE + FITCH CO USD 0.01 398 0.60%
APEI AMERICAN PUB ED INC USD 0.01 929 0.67%
ASO ACADEMY SPORTS + OUTDOORS USD 0.01 706 0.67%
ATEX ANTERIX INC USD 0.0001 1,479 0.70%
ATMU ATMUS FILTRATION TECHNOL USD 0.0001 670 0.68%
ATRC ATRICURE INC USD 0.001 1,052 0.65%
AVAH AVEANNA HEALTHCARE HLDGS I USD 0.01 4,623 0.60%
AXGN AXOGEN INC USD 0.01 1,114 0.63%
AZZ AZZ INC USD 1.0 312 0.69%
BCRX BIOCRYST PHARMACEUTICALS I USD 0.01 5,902 0.64%
BFH BREAD FINL HLDGS INC USD 0.01 535 0.68%
BLBD BLUE BIRD CORP USD 0.0001 772 0.72%
BYRN BYRNA TECHNOLOGIES INC USD 0.001 2,832 0.68%
CBL CBL + ASSO COM USD0.01 1,085 0.65%
CBNK CAPITAL BANCORP INC MD USD 0.01 1,264 0.66%
CDNA CAREDX INC USD 0.001 1,890 0.64%
CENT CENTRAL GARDEN + PET CO USD 0.01 1,148 0.71%
CIVB CIVISTA BANCSHARES INC NPV 1,609 0.64%
CPRX CATALYST PHARMACEUTICALS USD 0.001 1,598 0.64%
CRDO CREDO TECHNOLOGY GROUP USD 0.00005 310 0.69%
CRVL CORVEL CORP USD 0.0001 558 0.43%
CSTL CASTLE BIOSCIENCES INC USD 0.001 986 0.52%
CSTM CONSTELLIUM SE EUR 0.02 1,728 0.70%
CTLP CANTALOUPE INC NPV 3,616 0.63%
CVLT COMMVAULT SYS INC USD 0.01 453 0.65%
CXM SPRINKLR INC USD 0.00003 6,087 0.59%
DAVE DAVE INC USD 0.0001 237 0.72%
DGICA DONEGAL GROUP INC USD 0.01 2,080 0.64%
DHIL DIAMOND HILL INVT GROUP INC NPV 227 0.64%
DHT DHT HOLDINGS INC USD 0.01 2,710 0.67%
DJCO DAILY JOURNAL CORP USD 0.01 66 0.61%
DLX DELUXE CORP USD 1.0 1,471 0.66%
DY DYCOM INDS INC USD 0.333333 107 0.72%
EAT BRINKER INTL INC USD 0.1 246 0.66%
EHAB ENHABIT INC USD 0.01 3,653 0.67%
FBIZ FIRST BUSINESS FINL SVCS I USD 0.01 677 0.66%
FBP FIRST BANCORP P R USD 0.1 1,756 0.66%
GCT GIGACLOUD TECHNOLOGY INC USD 0.05 973 0.62%
GHC GRAHAM HLDGS CO USD 1.0 33 0.61%
GIII G-III APPAREL GROUP LTD USD 0.01 1,323 0.66%
GRBK GREEN BRICK PARTNERS INC USD 0.01 560 0.71%
GRDN GUARDIAN PHARMACY SVCS INC USD 0.01 1,286 0.71%
GTN GRAY MEDIA INC NPV 8,610 0.69%
HCI HCI GROUP INC NPV 245 0.66%
HG HAMILTON INSURANCE GROUP L USD 0.01 1,399 0.68%
HIPO HIPPO HLDGS INC USD 0.0001 1,303 0.61%
HLF HERBALIFE NUTRITION LTD USD 0.002 2,252 0.62%
HRTG HERITAGE INS HLDGS INC USD 0.0001 1,490 0.61%
IBEX IBEX HOLDINGS LTD USD 0.0001 1,044 0.53%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 558 0.67%
IBTA IBOTTA INC USD 0.00001 1,880 0.65%
IDCC INTERDIGITAL INC PA USD 0.01 119 0.69%
IDR IDAHO STRATEGIC RESOURCES I USD 0.1 1,077 0.69%
IDT IDT CORP USD 0.01 799 0.64%
IMAX IMAX CORP NPV 1,112 0.67%
INDV INDIVIOR PHARMACEUTICALS USD 0.001 1,098 0.60%
INVA INNOVIVA INC USD 0.01 1,942 0.70%
JCAP JEFFERSON CAP INC DEL USD 0.0001 1,817 0.67%
KALU KAISER ALUM CORP USD 0.01 317 0.73%
KE KIMBALL ELECTRONICS INC NPV 1,285 0.52%
KINS KINGSTONE USD 0.01 2,513 0.67%
KMT KENNAMETAL INC USD 1.25 1,129 0.76%
KROS KEROS THERAPEUTICS INC USD 0.0001 2,168 0.61%
KSS KOHLS CORP USD 0.01 2,223 0.63%
LCII LCI INDS USD 0.01 265 0.67%
LGND LIGAND PHARMACEUTICALS IN USD 0.001 202 0.62%
LNN LINDSAY MFG CO USD 1.0 310 0.69%
LQDT LIQUIDITY SVCS INC USD 0.001 1,214 0.66%
MATX MATSON INC NPV 242 0.64%
MBIN MERCHANTS BANCORP IND NPV 937 0.71%
MBWM MERCANTILE COM NPV 747 0.66%
MCY MERCURY GEN CORP NEW NPV 443 0.68%
MIRM MIRUM PHARMACEUTICALS IN USD 0.0001 376 0.62%
MMS MAXIMUS INC NPV 411 0.53%
MNKD MANNKIND CORP USD 0.01 6,719 0.64%
MWA MUELLER WTR PRODS INC USD 0.01 1,435 0.69%
NAGE CHROMADEX CORP USD 0.001 6,483 0.55%
NBN NORTHEAST BK PORTLAND ME USD 1.0 337 0.67%
NBR NABORS INDUSTRIES LTD USD 0.001 581 0.65%
NGVC NATURAL GROCERS BY VITAMI USD 0.001 1,421 0.57%
NHC NATIONAL HEALTHCARE CORP USD 0.01 271 0.72%
NJR NEW JERSEY RES CORP USD 2.5 785 0.68%
NNI NELNET INC COM USD0.01 CL A 294 0.64%
NRDS NERDWALLET INC USD 0.0001 3,220 0.54%
NUTX NUTEX HEALTH INC NPV 261 0.43%
NVEC NVE CORP USD 0.01 575 0.62%
NXT NEXTPOWER INC USD 0.0001 332 0.64%
ODC OIL DRI CORP AMER USD 0.1 641 0.68%
OII OCEANEERING INTL INC USD 0.25 1,290 0.69%
ORGO ORGANOGENESIS HLDGS INC USD 0.0001 9,708 0.61%
OTTR OTTER TAIL COM USD5 436 0.62%
PD PAGERDUTY INC USD 0.000005 3,663 0.47%
PHR PHREESIA INC USD 0.01 2,892 0.59%
PKBK PARKE BANCORP INC USD 0.1 1,422 0.67%
PLAB PHOTRONICS INC USD 0.01 1,123 0.69%
PNRG PRIMEENERGY RES CORP USD 0.1 212 0.66%
POWL POWELL INDS INC USD 0.01 88 0.82%
PRGS PROGRESS S COM USD0.01 949 0.69%
PSIX POWER SOLUTIONS INTL INC USD 0.001 542 0.74%
PTCT PTC THERAPEUTICS INC USD 0.001 514 0.61%
QLYS QUALYS INC USD 0.001 294 0.55%
RDN RADIAN GROUP INC USD 0.001 1,180 0.64%
RIGL RIGEL PHARMACEUTICALS INC USD 0.001 1,114 0.63%
RSI RUSH STR INTERACTIVE INC USD 0.0001 2,198 0.63%
SANM SANMINA CORP USD 0.01 274 0.67%
SBH SALLY BEAUTY HLDGS INC USD 0.01 2,551 0.65%
SD SANDRIDGE ENERGY INC USD 0.001 2,450 0.68%
SITC SITE CTRS CORP 6,345 0.68%
SKWD SKYWARD SPECIALTY INS GROU USD 0.01 870 0.65%
SKYW SKYWEST INC NPV 402 0.70%
SLDE SLIDE INS HLDGS INC USD 0.01 2,254 0.64%
SLNO SOLENO THERAPEUTICS INC USD 0.001 1,007 0.67%
SXC SUNCOKE ENERGY INC USD 0.01 4,941 0.67%
TBPH THERAVANCE BIOPHARMA IN USD 0.00001 2,050 0.65%
TCBX THIRD COAST BANCSHARES INC USD 1.0 957 0.67%
TGNA TEGNA INC USD 1.0 2,027 0.70%
TGTX TG THERAPEUTICS INC USD 0.001 1,320 0.63%
TILE INTERFACE INC USD 0.1 1,234 0.70%
TK TEEKAY CORP LTD USD 0.001 3,796 0.66%
TMDX TRANSMEDICS GROUP INC NPV 290 0.66%
TNK TEEKAY TANKERS LTD USD 0.01 602 0.66%
TRNO TERRENO RE COM USD0.01 631 0.68%
TTI TETRA TECHNOLOGIES INC DEL USD 0.01 3,406 0.64%
UFCS UNITED FIRE GROUP INC USD 0.001 1,080 0.64%
UPWK UPWORK INC USD 0.0001 1,939 0.48%
USLM UNITED STS LIME + MINERALS USD 0.1 322 0.57%
UVE UNIVERSAL INS HLDGS INC USD 0.01 1,275 0.66%
VAL VALARIS LTD USD 0.01 673 0.88%
VC VISTEON CORP USD 0.01 427 0.70%
VEL VELOCITY FINL INC USD 0.01 1,914 0.63%
VISN VISTANCE NETWORKS INC USD 0.01 2,157 0.69%
VRE VERIS RESI COM STK USD0.01 2,556 0.70%
VSCO VICTORIAS SECRET + CO USD 0.01 712 0.69%
WABC WESTAMERICA BANCORPORATION NPV 768 0.66%
WLDN WILLDAN GROUP INC USD 0.01 308 0.58%
WLY WILEY JOHN CLASS A COM USD 1 1,243 0.60%
WSR WHITESTONE SBI COM USD0.001 CL B 2,727 0.67%
WTS WATTS WATE CLASS A COM USD0.10 130 0.67%
YOU CLEAR SECURE INC USD 0.00001 1,190 0.64%
ZVRA ZEVRA THERAPEUTICS INC USD 0.0001 4,315 0.61%
SPXW US 02/13/26 P6725 SPXW Feb 2026 6725 Put 4 0.02%
SPXW US 02/20/26 C7100 SPXW Feb 2026 7100 Call 11 0.08%
SPXW US 03/20/26 C7275 SPXW Mar 2026 7275 Call 4 0.09%
SPXW US 03/20/26 C7360 SPXW Mar 2026 7360 Call 3 0.03%
SPXW US 03/31/26 C7350 SPXW Mar 2026 7350 Call 3 0.06%
SPXW US 04/17/26 C7275 SPXW Apr 2026 7275 Call 3 0.20%
SPXW US 04/17/26 C7380 SPXW Apr 2026 7380 Call 1 0.03%
- Estimated Cash 11,398 0.19%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.05000
$0.24421
$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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