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CTA

Simplify Managed Futures Strategy ETF

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as of 11/19/2024

NAV

$ 27.07

NAV Change

+ $ 0.26 /0.97%

Price

$ 27.10

Price Change

+ $ 0.22 /0.82%
The Simplify Managed Futures Strategy ETF (CTA) seeks long term capital appreciation by systematically investing in futures in an attempt to create an absolute return profile, that also has a low correlation to equities, and can provide support in risk-off events.

To this end, CTA deploys a suite of systematic models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.
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Documents

CTA Fund Deep Dive

CTA Fund Deep Dive Live

Fund Overview

As of 11/19/2024

Ticker Symbol
CTA
Gross Expense Ratio
0.76%
CUSIP
82889N699
Total Assets
$355,915,008.03
Shares Outstanding
13,150,001
Distribution Rate as of 09/30/2024 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.
4.63%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 10/31/2024 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 10/31/2024
2.94%
Options Available
No
Inception Date
03/07/2022
Premium/Discount (%) as of 11/19/2024
0.13%
NAV Per Share as of 11/19/2024
$27.07
Market Price as of 11/19/2024
$27.10
30-Day Median Bid-Ask Spread
0.15%
Bid/Ask
$27.10/$27.15
Midpoint Price
$27.13
Volume
75,137
NAV Symbol
CTA.NV
IOPV Symbol
CTA.IV
Shares Out. Symbol
CTA.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. The distribution rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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 Fees 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.01%
Total Annual Fund Operating Expenses 0.76%
1. Other Expenses includes interest expenses of 0.01%.

Fund Performance

As of 10/31/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 3.32% 4.48% -0.92% 16.52% 10.84% 25.71%
Market Price 2.89% 4.88% -0.65% 15.99% 10.78% 24.20%
Annualized 1 Year 3 Year Since Inception
NAV 10.84% — 9.01%
Market Price 10.78% — 8.52%
Cumulative 1 Year Since Inception
NAV 3.27% 21.68%
Market Price 3.26% 20.72%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 3.27% — — 7.94%
Market Price 3.26% — — 7.62%
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 2023 3rd Quarter of 2024
Days Traded at Premium
114
36
Days Traded at Discount
136
28
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

Holdings Summary Risk Profile

As of 11/19/2024

Holdings - All ETFs
Ticker Name Quantity Weight
BOF5 COM SOYBEAN OIL FUTR Jan25 125 0.95%
BOH5 COM SOYBEAN OIL FUTR Mar25 136 1.04%
BOZ4 COM SOYBEAN OIL FUTR Dec24 42 0.32%
C H5 COM CORN FUTURE Mar25 -215 -1.32%
C K5 COM CORN FUTURE May25 -133 -0.83%
C N5 COM CORN FUTURE Jul25 -38 -0.24%
C Z4 COM CORN FUTURE DEC24 -72 -0.43%
CCH5 COM COCOA FUTURE Mar25 331 7.96%
CCK5 COM COCOA FUTURE MAY25 148 3.38%
CCN5 COM COCOA FUTURE Jul25 16 0.34%
CLF5 COM WTI CRUDE FUTURE JAN25 -60 -1.17%
CLG5 COM WTI CRUDE FUTURE FEB25 -47 -0.91%
CNZ4 COM CAN 10YR BOND FUT Dec24 -1,782 -43.47%
CORH5 COM 3M CORRA Futures Mar25 -470 -22.92%
CORM5 COM 3M CORRA Futures Jun25 -409 -19.96%
CORU5 COM 3M CORRA Futures Sep25 -444 -21.68%
CORZ4 COM 3M CORRA Futures Dec24 -32 -1.56%
CTH5 COM COTTON NO.2 FUTR MAR25 94 0.91%
CTK5 COM COTTON NO.2 FUTR May25 29 0.29%
CVZ4 COM CAN 2YR BOND FUT Dec24 -339 -7.13%
FCF5 COM CATTLE FEEDER FUT JAN25 428 15.15%
FCH5 COM CATTLE FEEDER FUT Mar25 248 8.75%
FCJ5 COM CATTLE FEEDER FUT Apr25 83 2.94%
GCG5 COM GOLD 100 OZ FUTR Feb25 56 4.18%
GCJ5 COM GOLD 100 OZ FUTR Apr25 32 2.41%
GCZ4 COM GOLD 100 OZ FUTR DEC24 -83 -6.14%
HGH5 COM COPPER FUTURE Mar25 -126 -3.70%
HGK5 COM COPPER FUTURE MAY25 -17 -0.50%
HOH5 COM NY Harb ULSD Fut Mar25 7 0.19%
KCH5 COM COFFEE 'C' FUTURE Mar25 172 5.10%
KCK5 COM COFFEE 'C' FUTURE MAY25 59 1.74%
KCN5 COM COFFEE 'C' FUTURE Jul25 23 0.67%
KWH5 COM KC HRW WHEAT FUT Mar25 -168 -1.34%
KWK5 COM KC HRW WHEAT FUT May25 -16 -0.13%
LCG5 COM LIVE CATTLE FUTR FEB25 621 13.12%
LCJ5 COM LIVE CATTLE FUTR Apr25 347 7.39%
LCZ4 COM LIVE CATTLE FUTR Dec24 169 3.54%
LHG5 COM LEAN HOGS FUTURE Feb25 497 4.63%
LHJ5 COM LEAN HOGS FUTURE APR25 172 1.68%
LHZ4 COM LEAN HOGS FUTURE Dec24 126 1.13%
NGK25 COM NATURAL GAS FUTR May25 4 0.03%
NGM25 COM NATURAL GAS FUTR Jun25 16 0.14%
NGN25 COM NATURAL GAS FUTR Jul25 28 0.25%
NGQ25 COM NATURAL GAS FUTR Aug25 28 0.26%
NGU25 COM NATURAL GAS FUTR Sep25 3 0.03%
PAZ4 COM PALLADIUM FUTURE DEC24 -45 -1.31%
RSF5 COM CANOLA FUTR (WCE) Jan25 -98 -0.25%
RSH5 COM CANOLA FUTR (WCE) Mar25 -50 -0.13%
S F5 COM SOYBEAN FUTURE Jan25 -388 -5.44%
S H5 COM SOYBEAN FUTURE Mar25 -296 -4.19%
S K5 COM SOYBEAN FUTURE MAY25 -106 -1.52%
SBH5 COM SUGAR #11 (WORLD) MAR25 42 0.29%
SBK5 COM SUGAR #11 (WORLD) MAY25 5 0.03%
SFRH5 COM 3 MONTH SOFR FUT Mar25 -1,049 -70.58%
SFRM5 COM 3 MONTH SOFR FUT Jun25 -2,570 -173.26%
SFRU5 COM 3 MONTH SOFR FUT Sep25 -1,056 -71.28%
SFRZ5 COM 3 MONTH SOFR FUT Dec25 -1,240 -83.76%
SIH5 COM SILVER FUTURE Mar25 -10 -0.45%
SIK5 COM SILVER FUTURE MAY25 -1 -0.04%
SIZ4 COM SILVER FUTURE DEC24 -14 -0.61%
SMF5 COM SOYBEAN MEAL FUTR Jan25 -436 -3.56%
SMH5 COM SOYBEAN MEAL FUTR Mar25 -304 -2.51%
SMZ4 COM SOYBEAN MEAL FUTR Dec24 -66 -0.54%
TUZ4 COM US 2YR NOTE (CBT) DEC24 -2,356 -135.97%
USZ4 COM US LONG BOND(CBT) DEC24 -98 -3.22%
UXYZ4 COM US 10YR ULTRA FUT DEC24 -173 -5.48%
W H5 COM WHEAT FUTURE(CBT) Mar25 -256 -2.04%
W K5 COM WHEAT FUTURE(CBT) May25 -20 -0.16%
WNZ4 COM US ULTRA BOND CBT Dec24 -274 -9.50%
XBF5 COM GASOLINE RBOB FUT Jan25 -1 -0.02%
XQZ4 COM CAN 5YR BOND FUT Dec24 -1,051 -23.93%
- TREASURY BILL DN 12/24 116,300,000 32.60%
- TREASURY BILL DN 12/24 63,000,000 17.66%
- WI TSY BILL DN 12/24 33,500,000 9.38%
- WI TSY BILL DN 1/25 111,300,000 31.06%
- WI TSY BILL DN 1/25 8,500,000 2.37%
- TREASURY BILL 0 2/25 12,000,000 3.33%
- TREASURY BILL 0 2/25 5,300,000 1.47%
- CANADIAN DOLLAR 1,468,125 0.30%
- CANADIAN DOLLAR 806,786 0.16%
- Estimated Cash -16,630,675 -4.39%

Holdings are subject to change without notice.

As of

Portfolio Risk Profile
Category Weight Est. Initial Margin Contrib to Vol
COCOA FUTURE 12.68% 5,456,909 18.27%
CATTLE FEEDER FUT 29.06% 3,761,173 9.86%
3 MONTH SOFR FUT -12.27% 5,699,549 8.70%
COFFEE 'C' FUTURE 7.72% 1,845,404 7.18%
CAN 10YR BOND FUT -39.55% 3,116,268 6.83%
LIVE CATTLE FUTR 24.85% 2,870,120 5.57%
GOLD 100 OZ FUTR 1.99% 1,897,500 5.55%
SOYBEAN FUTURE -10.95% 1,682,120 4.82%
US 2YR NOTE (CBT) -134.52% 3,109,920 4.50%
US ULTRA BOND CBT -9.36% 1,657,700 4.11%
LEAN HOGS FUTURE 7.00% 1,221,000 3.38%
COPPER FUTURE -4.17% 943,800 3.11%
SOYBEAN OIL FUTR 2.20% 522,940 2.23%
CAN 5YR BOND FUT -23.46% 1,089,369 2.12%
SOYBEAN MEAL FUTR -6.29% 1,670,790 1.90%
PALLADIUM FUTURE -1.03% 475,200 1.58%
WHEAT FUTURE(CBT) -2.20% 498,740 1.27%
CORN FUTURE -2.81% 501,946 1.21%
3M CORRA FUTURES -2.03% 815,723 1.12%
GASOLINE RBOB FUT 1.19% 279,070 1.06%
SILVER FUTURE -1.09% 316,250 1.00%
KC HRW WHEAT FUT -1.47% 362,560 0.89%
SUGAR #11 (WORLD) 1.28% 315,613 0.89%
NY HARB ULSD FUT 0.97% 222,530 0.83%
US LONG BOND(CBT) -2.27% 284,900 0.70%
NATURAL GAS FUTR 0.78% 227,040 0.63%
COTTON NO.2 FUTR 0.92% 172,129 0.40%
CANOLA FUTR (WCE) -0.37% 75,748 0.28%
Total -163.20% 41,092,011 100.00%
* 10y equivalents for 3 Month SOFR, Bank Acceptances, CORRA, and CAN 10YR Bond futures
Category Weight Market Value/Exposure Est. Yield
Treasury Bill 97.46% 350,356,215 4.54%
Pure Cash 2.54% 9,130,287 0.00%
Total 100.00% 359,486,502 0.00%
Source: Bloomberg, Simplify

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.00000
$0.30000
$0.00000
$0.00000
This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. The distribution may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notice for additional details regarding the distribution composition, once it is available.
View Distribution History
Supplemental Tax Information: S19(a) Notices

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