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CTA

Simplify Managed Futures Strategy ETF

Morningstar
Morningstar RatingTM Close

Overall rating based on risk-adjusted returns among 62 funds in the Systematic Trend category as of 04/30/25.
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as of 06/06/2025

NAV

$ 27.93

NAV Change

+ $ 0.36 /1.31%

Price

$ 27.92

Price Change

+ $ 0.39 /1.42%
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 At-A-Glance

CTA Fund Deep Dive

CTA Fund Deep Dive Live

Fund Overview

As of 06/06/2025

Ticker Symbol
CTA
Gross Expense Ratio
0.76%
CUSIP
82889N699
Total Assets
$1,083,166,218.56
Shares Outstanding
38,775,001
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.
1.63%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 04/30/2025 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 04/30/2025
2.47%
Options Available
No
Inception Date
03/07/2022
Premium/Discount (%) as of 06/06/2025
-0.05%
NAV Per Share as of 06/06/2025
$27.93
Market Price as of 06/06/2025
$27.92
30-Day Median Bid-Ask Spread
0.11%
Bid/Ask
$27.85/$27.92
Midpoint Price
$27.89
Volume
470,797
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. 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 Fees0.75%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.01%
Total Annual Fund Operating Expenses0.76%

1. Other Expenses includes interest expenses of 0.01%.

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 -3.40% -5.12% 0.71% -2.05% 4.14% 31.23%
Market Price -3.39% -5.25% 0.51% -2.40% 4.12% 29.74%
Annualized 1 Year 3 Year Since Inception
NAV 4.14% 7.87% 8.77%
Market Price 4.12% 7.33% 8.39%
Cumulative 1 Year Since Inception
NAV 24.06% 42.57%
Market Price 24.39% 41.66%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 24.06% 14.23% — 12.26%
Market Price 24.39% 14.17% — 12.04%
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 1st Quarter of 2025
Days Traded at Premium
163
53
Days Traded at Discount
89
7
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 06/06/2025

Holdings - All ETFs
Ticker Name Quantity Weight
BON5 COM SOYBEAN OIL FUTR JUL25 122 0.32%
BOQ5 COM SOYBEAN OIL FUTR Aug25 -92 -0.24%
BOU5 COM SOYBEAN OIL FUTR Sep25 -91 -0.24%
C H6 COM CORN FUTURE Mar26 44 0.09%
C N5 COM CORN FUTURE Jul25 1,016 2.08%
C U5 COM CORN FUTURE Sep25 546 1.09%
C Z5 COM CORN FUTURE DEC25 601 1.25%
CCU5 COM COCOA FUTURE Sep25 509 4.44%
CCZ5 COM COCOA FUTURE Dec25 206 1.67%
CLF6 COM WTI CRUDE FUTURE Jan26 35 0.20%
CLG6 COM WTI CRUDE FUTURE Feb26 18 0.10%
CLN5 COM WTI CRUDE FUTURE Jul25 62 0.37%
CLQ5 COM WTI CRUDE FUTURE Aug25 567 3.33%
CLU5 COM WTI CRUDE FUTURE Sep25 291 1.69%
CLV5 COM WTI CRUDE FUTURE Oct25 89 0.51%
CLX5 COM WTI CRUDE FUTURE Nov25 53 0.30%
CLZ5 COM WTI CRUDE FUTURE Dec25 186 1.05%
CNU5 COM CAN 10YR BOND FUT Sep25 657 5.36%
CORH6 COM 3M CORRA Futures Mar26 542 8.91%
CORM5 COM 3M CORRA Futures Jun25 1,003 16.44%
CORU5 COM 3M CORRA Futures Sep25 1,558 25.58%
CORZ5 COM 3M CORRA Futures Dec25 1,186 19.49%
CTN5 COM COTTON NO.2 FUTR Jul25 -30 -0.09%
CTZ5 COM COTTON NO.2 FUTR Dec25 -219 -0.69%
CVU5 COM CAN 2YR BOND FUT Sep25 94 0.67%
FCQ5 COM CATTLE FEEDER FUT Aug25 629 9.01%
FCU5 COM CATTLE FEEDER FUT Sep25 307 4.38%
FCV5 COM CATTLE FEEDER FUT Oct25 146 2.07%
GCG6 COM GOLD 100 OZ FUTR Feb26 1 0.03%
GCQ5 COM GOLD 100 OZ FUTR Aug25 265 8.19%
GCZ5 COM GOLD 100 OZ FUTR Dec25 41 1.29%
HGN5 COM COPPER FUTURE Jul25 51 0.57%
HGU5 COM COPPER FUTURE Sep25 45 0.51%
HGZ5 COM COPPER FUTURE Dec25 13 0.15%
HON5 COM NY Harb ULSD Fut Jul25 97 0.80%
HOQ5 COM NY Harb ULSD Fut Aug25 183 1.50%
HOU5 COM NY Harb ULSD Fut Sep25 60 0.49%
HOV5 COM NY Harb ULSD Fut Oct25 8 0.07%
KCN5 COM COFFEE 'C' FUTURE Jul25 -12 -0.15%
KCU5 COM COFFEE 'C' FUTURE Sep25 -19 -0.23%
KCZ5 COM COFFEE 'C' FUTURE Dec25 -1 -0.01%
KWN5 COM KC HRW WHEAT FUT JUL25 -66 -0.17%
KWU5 COM KC HRW WHEAT FUT Sep25 -33 -0.09%
KWZ5 COM KC HRW WHEAT FUT Dec25 -9 -0.02%
LCQ5 COM LIVE CATTLE FUTR Aug25 1,452 11.74%
LCV5 COM LIVE CATTLE FUTR Oct25 854 6.80%
LCZ5 COM LIVE CATTLE FUTR Dec25 284 2.25%
LHN5 COM LEAN HOGS FUTURE Jul25 793 3.14%
LHQ5 COM LEAN HOGS FUTURE Aug25 1,764 7.13%
LHV5 COM LEAN HOGS FUTURE Oct25 685 2.34%
NGF26 COM NATURAL GAS FUTR Jan26 -384 -1.81%
NGG26 COM NATURAL GAS FUTR Feb26 -146 -0.65%
NGH26 COM NATURAL GAS FUTR Mar26 -216 -0.87%
NGN25 COM NATURAL GAS FUTR Jul25 -214 -0.75%
NGQ25 COM NATURAL GAS FUTR Aug25 -218 -0.78%
NGU25 COM NATURAL GAS FUTR Sep25 -306 -1.08%
NGV25 COM NATURAL GAS FUTR Oct25 -460 -1.67%
NGX25 COM NATURAL GAS FUTR Nov25 -264 -1.05%
NGZ25 COM NATURAL GAS FUTR Dec25 -233 -1.04%
PAU5 COM PALLADIUM FUTURE Sep25 331 3.25%
PLN5 COM PLATINUM FUTURE Jul25 893 4.82%
RSN5 COM CANOLA FUTR (WCE) JUL25 196 0.19%
RSX5 COM CANOLA FUTR (WCE) Nov25 64 0.06%
S N5 COM SOYBEAN FUTURE Jul25 506 2.47%
S Q5 COM SOYBEAN FUTURE Aug25 263 1.28%
S U5 COM SOYBEAN FUTURE Sep25 128 0.61%
S X5 COM SOYBEAN FUTURE Nov25 1,003 4.80%
SBH6 COM SUGAR #11 (WORLD) Mar26 -101 -0.18%
SBK6 COM SUGAR #11 (WORLD) May26 -25 -0.04%
SBV5 COM SUGAR #11 (WORLD) Oct25 -276 -0.48%
SFRH6 COM 3 MONTH SOFR FUT MAR26 -857 -19.04%
SFRM6 COM 3 MONTH SOFR FUT Jun26 -800 -17.81%
SFRU5 COM 3 MONTH SOFR FUT Sep25 9 0.20%
SFRZ5 COM 3 MONTH SOFR FUT Dec25 -242 -5.37%
SIN5 COM SILVER FUTURE Jul25 21 0.35%
SIU5 COM SILVER FUTURE Sep25 95 1.60%
SIZ5 COM SILVER FUTURE Dec25 19 0.32%
SMQ5 COM SOYBEAN MEAL FUTR Aug25 84 0.23%
SMU5 COM SOYBEAN MEAL FUTR Sep25 97 0.27%
TUU5 COM US 2YR NOTE (CBT) Sep25 -1,156 -22.08%
TYU5 COM US 10YR NOTE (CBT)Sep25 -1,859 -18.86%
USU5 COM US LONG BOND(CBT) Sep25 -493 -5.10%
UXYU5 COM US 10yr Ultra Fut Sep25 -1,114 -11.49%
W U5 COM WHEAT FUTURE(CBT) Sep25 -30 -0.08%
W Z5 COM WHEAT FUTURE(CBT) Dec25 -15 -0.04%
WNU5 COM US ULTRA BOND CBT Sep25 -726 -7.74%
XBN5 COM GASOLINE RBOB FUT Jul25 171 1.38%
XBQ5 COM GASOLINE RBOB FUT Aug25 205 1.64%
XBU5 COM GASOLINE RBOB FUT Sep25 40 0.31%
XBV5 COM GASOLINE RBOB FUT Oct25 13 0.09%
XQU5 COM CAN 5YR BOND FUT Sep25 565 4.32%
- TREASURY BILL DN 6/25 72,800,000 6.71%
- TREASURY BILL DN 7/25 225,100,000 20.71%
- TREASURY BILL DN 7/25 57,500,000 5.29%
- TREASURY BILL DN 7/25 295,000,000 27.08%
- TREASURY BILL DN 7/25 99,000,000 9.09%
- TREASURY BILL DN 8/25 136,800,000 12.55%
- TREASURY BILL DN 8/25 36,000,000 3.30%
- TREASURY BILL DN 8/25 75,100,000 6.87%
- TREASURY BILL DN 8/25 69,300,000 6.34%
- TREASURY BIL 0.0 9/25 20,000,000 1.82%
- TREASURY BIL 0.0 9/25 6,000,000 0.55%
- CANADIAN DOLLAR 382,022 0.03%
- CANADIAN DOLLAR -13,250,618 -0.89%
- Estimated Cash -17,686,663 -1.63%

Holdings are subject to change without notice.

As of

Portfolio Risk Profile
Category Weight Est. Initial Margin Contrib to Vol
NATURAL GAS FUTR -9.69% 8,151,734 13.90%
COCOA FUTURE 6.10% 9,574,487 11.51%
LIVE CATTLE FUTR 20.79% 7,834,750 8.57%
GOLD 100 OZ FUTR 9.51% 5,065,500 8.31%
CATTLE FEEDER FUT 15.45% 4,909,034 7.32%
LEAN HOGS FUTURE 12.60% 6,597,470 6.05%
PLATINUM FUTURE 4.82% 3,438,050 4.71%
WTI CRUDE FUTURE 7.55% 6,780,894 4.26%
SOYBEAN FUTURE 9.15% 4,043,215 4.26%
PALLADIUM FUTURE 3.25% 4,369,200 3.75%
US ULTRA BOND CBT -7.74% 4,112,790 3.44%
US 10YR ULTRA FUT -11.49% 3,124,770 2.80%
GASOLINE RBOB FUT 3.42% 2,369,208 2.48%
CORN FUTURE 4.51% 2,464,332 2.42%
NY HARB ULSD FUT 2.85% 2,284,277 2.28%
SILVER FUTURE 2.27% 2,227,500 1.94%
US LONG BOND(CBT) -5.10% 2,006,510 1.86%
3 MONTH SOFR FUT -1.32% 1,712,856 1.67%
3M CORRA FUTURES 2.20% 2,224,667 1.41%
US 2YR NOTE (CBT) -22.08% 1,525,920 1.39%
COPPER FUTURE 1.23% 1,079,100 1.18%
CAN 10YR BOND FUT 4.93% 1,201,174 1.17%
SOYBEAN OIL FUTR -0.16% 607,310 0.79%
CAN 5YR BOND FUT 4.32% 608,893 0.54%
SUGAR #11 (WORLD) -0.71% 429,235 0.46%
COFFEE 'C' FUTURE -0.39% 358,515 0.41%
COTTON NO.2 FUTR -0.78% 375,588 0.39%
SOYBEAN MEAL FUTR 0.50% 347,710 0.22%
KC HRW WHEAT FUT -0.28% 202,785 0.21%
CANOLA FUTR (WCE) 0.25% 127,861 0.20%
WHEAT FUTURE(CBT) -0.12% 75,075 0.08%
CAN 2YR BOND FUT 0.67% 43,857 0.03%
Total 56.53% 90,274,267 100.00%
* 10y equivalents for 3 Month SOFR, Bank Acceptances, CORRA, and CAN 10YR Bond futures
Category Weight Market Value/Exposure Est. Yield
Treasury Bill 100.30% 1,086,462,291 4.28%
Pure Cash -0.30% -3,296,073 0.00%
Total 100.00% 1,083,166,219 0.00%
Source: Bloomberg, Simplify

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.00000
$0.00000
$0.12000
$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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