CTA

Simplify Managed Futures Strategy ETF

Morningstar Rating^TM

Overall rating based on risk-adjusted returns among 62 funds
in the US Fund Systematic Trend category as of 03/31/25.

as of 04/24/2025

NAV

$ 28.22

NAV Change

+ $ 0.38 /1.36%

Price

$ 28.27

Price Change

+ $ 0.38 /1.36%

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.

CTA At-A-Glance

CTA Fund Deep Dive

CTA Fund Deep Dive Live

Fund Overview

As of 04/24/2025

Ticker Symbol

CTA

Gross Expense Ratio

0.76%

CUSIP

82889N699

Total Assets

$1,018,675,208.20

Shares Outstanding

36,100,001

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.

1.63%

Distribution Frequency

Quarterly

30-Day SEC Yield (Subsidized) as of 03/31/2025 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 03/31/2025

2.50%

Options Available

Inception Date

03/07/2022

Premium/Discount (%) as of 04/24/2025

0.18%

NAV Per Share as of 04/24/2025

$28.22

Market Price as of 04/24/2025

$28.27

30-Day Median Bid-Ask Spread

0.14%

Bid/Ask

$28.23/$28.26

Midpoint Price

$28.25

Volume

725,895

NAV Symbol

CTA.NV

IOPV Symbol

CTA.IV

Shares Out. Symbol

CTA.SO

Schedule K-1

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 (Total Return)

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

Monthly Quarterly

Cumulative	1 Month	3 Month	6 Month	YTD	1 Year	Since Inception
NAV	3.08%	6.41%	17.17%	6.41%	24.06%	42.57%
Market Price	3.45%	6.57%	17.35%	6.57%	24.39%	41.66%

Annualized	1 Year	3 Year	Since Inception
NAV	24.06%	14.23%	12.26%
Market Price	24.39%	14.17%	12.04%

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 04/24/2025

Ticker	Name	Quantity	Weight
BON5 COM	SOYBEAN OIL FUTR JUL25	1,377	4.06%
BOQ5 COM	SOYBEAN OIL FUTR Aug25	289	0.85%
C N5 COM	CORN FUTURE Jul25	-50	-0.12%
CCN5 COM	COCOA FUTURE Jul25	217	1.95%
CCU5 COM	COCOA FUTURE Sep25	105	0.91%
CCZ5 COM	COCOA FUTURE Dec25	43	0.35%
CLF6 COM	WTI CRUDE FUTURE Jan26	13	0.08%
CLN5 COM	WTI CRUDE FUTURE Jul25	454	2.77%
CLQ5 COM	WTI CRUDE FUTURE Aug25	155	0.94%
CLU5 COM	WTI CRUDE FUTURE Sep25	128	0.77%
CLV5 COM	WTI CRUDE FUTURE Oct25	57	0.34%
CLX5 COM	WTI CRUDE FUTURE Nov25	22	0.13%
CLZ5 COM	WTI CRUDE FUTURE Dec25	100	0.59%
CNM5 COM	CAN 10YR BOND FUT Jun25	4,709	40.93%
CORH6 COM	3M CORRA Futures Mar26	569	9.84%
CORM5 COM	3M CORRA Futures Jun25	1,003	17.31%
CORU5 COM	3M CORRA Futures Sep25	1,558	26.94%
CORZ5 COM	3M CORRA Futures Dec25	1,203	20.81%
CTN5 COM	COTTON NO.2 FUTR Jul25	-672	-2.28%
CTZ5 COM	COTTON NO.2 FUTR Dec25	-283	-0.98%
CVM5 COM	CAN 2YR BOND FUT Jun25	94	0.70%
FCK5 COM	CATTLE FEEDER FUT May25	34	0.48%
FCQ5 COM	CATTLE FEEDER FUT Aug25	228	3.28%
FCU5 COM	CATTLE FEEDER FUT Sep25	65	0.93%
GCM5 COM	GOLD 100 OZ FUTR Jun25	95	3.12%
GCQ5 COM	GOLD 100 OZ FUTR Aug25	57	1.89%
HGN5 COM	COPPER FUTURE Jul25	-250	-3.01%
HGU5 COM	COPPER FUTURE Sep25	-71	-0.86%
HGZ5 COM	COPPER FUTURE Dec25	-2	-0.02%
HOM5 COM	NY HARB ULSD FUT JUN25	508	4.39%
HON5 COM	NY Harb ULSD Fut Jul25	198	1.70%
HOQ5 COM	NY Harb ULSD Fut Aug25	85	0.73%
HOU5 COM	NY Harb ULSD Fut Sep25	6	0.05%
KCN5 COM	COFFEE 'C' FUTURE Jul25	16	0.23%
KCU5 COM	COFFEE 'C' FUTURE Sep25	42	0.61%
KCZ5 COM	COFFEE 'C' FUTURE Dec25	6	0.08%
KWN5 COM	KC HRW WHEAT FUT JUL25	-249	-0.67%
KWU5 COM	KC HRW WHEAT FUT Sep25	-86	-0.24%
KWZ5 COM	KC HRW WHEAT FUT Dec25	-18	-0.05%
LCM5 COM	LIVE CATTLE FUTR JUN25	553	4.52%
LCQ5 COM	LIVE CATTLE FUTR Aug25	425	3.41%
LCV5 COM	LIVE CATTLE FUTR Oct25	122	0.97%
LHM5 COM	LEAN HOGS FUTURE Jun25	-505	-1.98%
LHN5 COM	LEAN HOGS FUTURE Jul25	-334	-1.31%
LHQ5 COM	LEAN HOGS FUTURE Aug25	-254	-0.98%
NGF26 COM	NATURAL GAS FUTR Jan26	-393	-1.80%
NGG26 COM	NATURAL GAS FUTR Feb26	-103	-0.44%
NGM25 COM	NATURAL GAS FUTR Jun25	-479	-1.46%
NGN25 COM	NATURAL GAS FUTR Jul25	-956	-3.18%
NGQ25 COM	NATURAL GAS FUTR Aug25	-324	-1.10%
NGU25 COM	NATURAL GAS FUTR Sep25	-301	-1.02%
NGV25 COM	NATURAL GAS FUTR Oct25	-495	-1.72%
NGX25 COM	NATURAL GAS FUTR Nov25	-292	-1.11%
NGZ25 COM	NATURAL GAS FUTR Dec25	-248	-1.07%
PAM5 COM	PALLADIUM FUTURE Jun25	122	1.14%
PLN5 COM	PLATINUM FUTURE Jul25	511	2.46%
RSN5 COM	CANOLA FUTR (WCE) JUL25	206	0.20%
RSX5 COM	CANOLA FUTR (WCE) Nov25	64	0.06%
SBH6 COM	SUGAR #11 (WORLD) Mar26	22	0.04%
SBN5 COM	SUGAR #11 (WORLD) JUL25	343	0.67%
SBV5 COM	SUGAR #11 (WORLD) Oct25	146	0.29%
SFRH6 COM	3 MONTH SOFR FUT MAR26	2,898	68.78%
SFRM6 COM	3 MONTH SOFR FUT Jun26	2,354	55.93%
SFRU5 COM	3 MONTH SOFR FUT Sep25	6,876	162.42%
SFRZ5 COM	3 MONTH SOFR FUT Dec25	4,104	97.22%
SMN5 COM	SOYBEAN MEAL FUTR Jul25	-656	-1.91%
SMQ5 COM	SOYBEAN MEAL FUTR Aug25	-95	-0.28%
TUM5 COM	US 2YR NOTE (CBT) Jun25	29	0.59%
USM5 COM	US LONG BOND(CBT) Jun25	609	6.89%
W N5 COM	WHEAT FUTURE(CBT) Jul25	-437	-1.17%
W U5 COM	WHEAT FUTURE(CBT) Sep25	-165	-0.45%
W Z5 COM	WHEAT FUTURE(CBT) Dec25	-30	-0.09%
WNM5 COM	US ULTRA BOND CBT Jun25	886	10.39%
XBM5 COM	GASOLINE RBOB FUT Jun25	380	3.28%
XBN5 COM	GASOLINE RBOB FUT Jul25	228	1.95%
XBQ5 COM	GASOLINE RBOB FUT Aug25	89	0.75%
XBU5 COM	GASOLINE RBOB FUT Sep25	13	0.11%
XQM5 COM	CAN 5YR BOND FUT Jun25	2,644	21.56%
-	TREASURY BILL DN 6/25	98,800,000	9.64%
-	TREASURY BILL DN 6/25	43,000,000	4.20%
-	TREASURY BILL DN 7/25	246,800,000	24.02%
-	TREASURY BILL DN 7/25	84,500,000	8.22%
-	TREASURY BILL DN 7/25	295,000,000	28.64%
-	TREASURY BILL DN 7/25	99,000,000	9.61%
-	TREASURY BILL DN 8/25	127,000,000	12.32%
-	TREASURY BILL DN 8/25	34,000,000	3.30%
-	CANADIAN DOLLAR	242,144	0.02%
-	CANADIAN DOLLAR	-13,447,797	-0.95%
-	Estimated Cash	15,449,334	1.22%

Holdings are subject to change without notice.

As of 04/24/2025

Category	Weight	Est. Initial Margin	Contrib to Vol
NATURAL GAS FUTR	-12.91%	10,757,406	16.95%
3 MONTH SOFR FUT	12.34%	13,131,368	14.58%
CAN 10YR BOND FUT	37.40%	8,721,376	7.91%
NY HARB ULSD FUT	6.88%	5,325,082	5.81%
GASOLINE RBOB FUT	6.09%	4,000,964	5.49%
COCOA FUTURE	3.20%	4,350,627	5.19%
US ULTRA BOND CBT	10.39%	5,019,190	4.81%
LIVE CATTLE FUTR	8.89%	3,327,500	4.27%
COPPER FUTURE	-3.90%	3,197,700	4.24%
SOYBEAN OIL FUTR	4.91%	3,083,630	3.81%
WTI CRUDE FUTURE	5.62%	4,821,946	3.78%
GOLD 100 OZ FUTR	5.01%	2,508,000	3.39%
LEAN HOGS FUTURE	-4.27%	2,224,255	2.76%
US LONG BOND(CBT)	6.89%	2,478,630	2.54%
CAN 5YR BOND FUT	21.56%	2,866,827	2.45%
COTTON NO.2 FUTR	-3.26%	1,497,447	1.99%
CATTLE FEEDER FUT	4.69%	1,483,599	1.94%
3M CORRA FUTURES	2.40%	2,387,915	1.72%
PLATINUM FUTURE	2.46%	1,967,350	1.71%
PALLADIUM FUTURE	1.14%	1,610,400	0.94%
COFFEE 'C' FUTURE	0.92%	716,333	0.86%
WHEAT FUTURE(CBT)	-1.71%	1,123,980	0.80%
SOYBEAN MEAL FUTR	-2.19%	1,641,750	0.74%
SUGAR #11 (WORLD)	1.01%	548,946	0.59%
KC HRW WHEAT FUT	-0.96%	686,996	0.50%
CANOLA FUTR (WCE)	0.26%	131,403	0.13%
CORN FUTURE	-0.12%	55,000	0.04%
US 2YR NOTE (CBT)	0.59%	38,280	0.04%
CAN 2YR BOND FUT	0.70%	44,320	0.03%
Total	114.05%	89,748,220	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	99.94%	1,018,080,658	4.30%
Pure Cash	0.06%	594,550	0.00%
Total	100.00%	1,018,675,208	0.00%

Source: Bloomberg, Simplify

Recent Distributions

Ex-Dividend Date	Record Date	Payable Date	Total Distribution
06/25/2025	06/25/2025	06/30/2025	N/A
04/25/2025	04/25/2025	04/30/2025	$0.00000
03/26/2025	03/26/2025	03/31/2025	$0.12000
02/25/2025	02/25/2025	02/28/2025	$0.00000
01/28/2025	01/28/2025	01/31/2025	$0.00000

View Distribution History

DISTRIBUTION CALENDAR

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.