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CAS

Simplify China A Shares PLUS Income ETF

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as of 02/13/2025

NAV

$ 26.56

NAV Change

- $ 0.07 /0.26%

Price

$ 26.53

Price Change

- $ 0.31 /1.15%
The Simplify China A Shares PLUS Income ETF (CAS) invests primarily in China A share equities, which are listed on mainland China exchanges in Shenzhen, Shanghai and Beijing. They offer a much more diverse opportunity set across industries and market capitalizations than share classes normally offered to foreign investors. Exposure is gained via total return swaps, which offer a unique source of additional returns via favorable funding rates.

A risk-managed options strategy is layered on top of the equities creating income by writing short term spreads on a variety of underlying assets, including equity, fixed income and commodity indices or ETFs.
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Documents

Harnessing the Red Dragon: Making China’s Equity Market Structure Work For Better Returns

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Fund Overview

As of 02/13/2025

Ticker Symbol
CAS
Gross Expense Ratio
0.88%
CUSIP
82889N384
Total Assets
$11,287,119.59
Shares Outstanding
425,001
Distribution Rate as of 02/13/2025 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 02/13/2025 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 02/13/2025
-
Options Available
No
Inception Date
01/13/2025
Premium/Discount (%) as of 02/13/2025
-0.10%
NAV Per Share as of 02/13/2025
$26.56
Market Price as of 02/13/2025
$26.53
30-Day Median Bid-Ask Spread
0.85%
Bid/Ask
$26.50/$26.57
Midpoint Price
$26.54
Volume
61
NAV Symbol
CAS.NV
IOPV Symbol
CAS.IV
Shares Out. Symbol
CAS.SO
Schedule K-1
No

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 Fees0.88%
Distribution and Service (12b-1) Fees0.00%
Total Annual Fund Operating Expenses0.88%

Fund Performance

As of 01/31/2025 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV — — — — — 1.04%
Market Price — — — — — 2.46%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — —
Market Price — —
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.

Historical Premium/Discount

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 02/13/2025

Holdings - All ETFs
Ticker Name Quantity Weight
GLD US 02/21/25 P246 GLD Feb 2025 246 Put 147 0.00%
GLD US 02/21/25 P254 GLD Feb 2025 254 Put -147 0.00%
GLD US 02/26/25 P245 GLD Feb 2025 245 Put 96 0.00%
GLD US 02/26/25 P257 GLD Feb 2025 257 Put -96 -0.01%
GLD US 03/05/25 P250 GLD Mar 2025 250 Put 117 0.00%
GLD US 03/05/25 P260 GLD Mar 2025 260 Put -117 -0.03%
MSTR US 02/21/25 P240 MSTR Feb 2025 240 Put 23 0.00%
MSTR US 02/21/25 P290 MSTR Feb 2025 290 Put -23 0.00%
MSTR US 02/28/25 P220 MSTR Feb 2025 220 Put 21 0.00%
MSTR US 02/28/25 P240 MSTR Feb 2025 240 Put 23 0.01%
MSTR US 02/28/25 P275 MSTR Feb 2025 275 Put -21 -0.01%
MSTR US 02/28/25 P290 MSTR Feb 2025 290 Put -23 -0.03%
MSTR US 03/07/25 P225 MSTR Mar 2025 225 Put 26 0.01%
MSTR US 03/07/25 P270 MSTR Mar 2025 270 Put -26 -0.03%
RUTW US 02/28/25 P2050 RUTW Feb 2025 2050 Put 14 0.01%
RUTW US 02/28/25 P2170 RUTW Feb 2025 2170 Put -14 -0.03%
RUTW US 03/05/25 P2075 RUTW Mar 2025 2075 Put 15 0.02%
RUTW US 03/05/25 P2185 RUTW Mar 2025 2185 Put -15 -0.08%
SPXW US 02/21/25 P5825 SPXW Feb 2025 5825 Put 18 0.00%
SPXW US 02/26/25 P5835 SPXW Feb 2025 5835 Put 17 0.02%
SPXW US 02/28/25 C6100 SPXW Feb 2025 6100 Call 2 0.09%
SPXW US 02/28/25 C6265 SPXW Feb 2025 6265 Call 16 0.01%
SPXW US 02/28/25 P5450 SPXW Feb 2025 5450 Put 5 0.00%
SPXW US 02/28/25 P5785 SPXW Feb 2025 5785 Put -5 -0.01%
SPXW US 03/05/25 P5525 SPXW Mar 2025 5525 Put 5 0.01%
SPXW US 03/05/25 P5860 SPXW Mar 2025 5860 Put -5 -0.03%
SPXW US 03/07/25 C6120 SPXW Mar 2025 6120 Call 2 0.10%
SPXW US 03/07/25 C6150 SPXW Mar 2025 6150 Call 1 0.04%
SPXW US 03/07/25 P5550 SPXW Mar 2025 5550 Put 4 0.01%
SPXW US 03/07/25 P5900 SPXW Mar 2025 5900 Put -4 -0.04%
- CSI 300 Net Return Index Total Return Swap - Receivable 5,216 34.02%
- CSI 2000 Net Total Return Index Total Return Swap - Receivable 7,894 26.12%
- CSI 1000 Net Total Return Index Total Return Swap - Receivable 2,419 20.50%
- CSI 500 Net Total Return Index Total Return Swap - Receivable 2,374 20.12%
- CSI 500 Net Total Return Index Total Return Swap - Payable -2,265,832 -19.70%
- CSI 1000 Net Total Return Index Total Return Swap - Payable -2,283,344 -19.85%
- CSI 2000 Net Total Return Index Total Return Swap - Payable -2,878,299 -25.02%
- CSI 300 Net Return Index Total Return Swap - Payable -3,892,361 -33.83%
T Bills UNITED STS TREAS BILLS 0.0 10APR25 10,700,000 92.48%
- Estimated Cash 587,413 5.11%

Holdings are subject to change without notice.

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