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CAS

Simplify China A Shares PLUS Income ETF

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As of 07/03/2025

NAV

$ 31.14

NAV Change

+ $ 0.93 /3.08%

Price

$ 31.08

Price Change

+ $ 1.05 /3.50%
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 07/03/2025

Ticker Symbol
CAS
Gross Expense Ratio
0.88%
CUSIP
82889N384
Total Assets
$11,676,332.39
Shares Outstanding
375,001
Distribution Rate as of 03/31/2025 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 05/31/2025 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 05/31/2025
3.12%
Options Available
No
Inception Date
01/13/2025
Premium/Discount (%) as of 07/03/2025
-0.18%
NAV Per Share as of 07/03/2025
$31.14
Market Price as of 07/03/2025
$31.08
30-Day Median Bid-Ask Spread
0.21%
Bid/Ask
$31.02/$31.12
Midpoint Price
$31.07
Volume
565
NAV Symbol
CAS.NV
IOPV Symbol
CAS.IV
Shares Out. Symbol
CAS.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 Fees0.88%
Distribution and Service (12b-1) Fees0.00%
Total Annual Fund Operating Expenses0.88%

Fund Performance (Total Return)

As of 05/31/2025 03/31/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 5.39% 9.33% — — — 13.50%
Market Price 4.54% 7.55% — — — 12.39%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 2.44%
Market Price — 1.94%
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

Calendar Year 2024 2nd Quarter of 2025
Days Traded at Premium
N/A
14
Days Traded at Discount
N/A
48
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 07/03/2025

Holdings - All ETFs
Ticker Name Quantity Weight
GLD US 07/16/25 P287 GLD Jul 2025 287 Put 116 0.01%
GLD US 07/16/25 P297 GLD Jul 2025 297 Put -116 -0.06%
NDXP US 07/16/25 P20600 NDXP Jul 2025 20600 Put 2 0.02%
NDXP US 07/16/25 P21600 NDXP Jul 2025 21600 Put -2 -0.05%
RUTW US 07/16/25 P2000 RUTW Jul 2025 2000 Put 11 0.01%
RUTW US 07/16/25 P2100 RUTW Jul 2025 2100 Put -11 -0.03%
SPXW US 07/07/25 C6300 SPXW Jul 2025 6300 Call 17 0.13%
SPXW US 07/07/25 P6000 SPXW Jul 2025 6000 Put 15 0.01%
SPXW US 07/07/25 P6225 SPXW Jul 2025 6225 Put 18 0.10%
SPXW US 07/09/25 C6275 SPXW Jul 2025 6275 Call 40 1.23%
SPXW US 07/09/25 P6000 SPXW Jul 2025 6000 Put 16 0.02%
SPXW US 07/16/25 P5650 SPXW Jul 2025 5650 Put 7 0.01%
SPXW US 07/16/25 P5700 SPXW Jul 2025 5700 Put 7 0.01%
SPXW US 07/16/25 P5960 SPXW Jul 2025 5960 Put -7 -0.03%
SPXW US 07/16/25 P6000 SPXW Jul 2025 6000 Put -7 -0.04%
SPXW US 07/18/25 C6300 SPXW Jul 2025 6300 Call 40 1.89%
SPXW US 07/31/25 C6500 SPXW Jul 2025 6500 Call 132 1.85%
SPXW US 08/15/25 C6400 SPXW Aug 2025 6400 Call 10 0.60%
SPXW US 08/15/25 C6650 SPXW Aug 2025 6650 Call 26 0.23%
- CSI 300 Net Return Index Total Return Swap - Receivable 5,042 33.57%
- CSI 2000 Net Total Return Index Total Return Swap - Receivable 7,190 25.09%
- CSI 1000 Net Total Return Index Total Return Swap - Receivable 2,309 19.74%
- CSI 500 Net Total Return Index Total Return Swap - Receivable 2,310 19.64%
- CSI 500 Net Total Return Index Total Return Swap - Payable -2,220,371 -19.02%
- CSI 1000 Net Total Return Index Total Return Swap - Payable -2,222,521 -19.03%
- CSI 2000 Net Total Return Index Total Return Swap - Payable -2,808,286 -24.05%
- CSI 300 Net Return Index Total Return Swap - Payable -3,797,300 -32.52%
T Bills UNITED STS TREAS BILLS 0.0 08JUL25 4,720,000 40.42%
T Bills UNITED STS TREAS BILLS 0.0 29JUL25 250,000 2.14%
T Bills UNITED STS TREAS BILLS 0.0 05AUG25 4,600,000 39.26%
T Bills UNITED STS TREAS BILLS 0.0 26AUG25 800,000 6.81%
T Bills UNITED STS TREAS BILLS 0.0 30SEP25 200,000 1.70%
- Estimated Cash 41,485 0.36%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.24000
$0.00000
View Distribution History

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