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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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as of 06/06/2025

NAV

$ 26.98

NAV Change

+ $ 0.41 /1.54%

Price

$ 27.03

Price Change

+ $ 0.44 /1.65%

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) seeks to provide capital appreciation and income through an actively managed opportunistic strategy combined with a risk-managed income generating option strategy.  

The fund’s subadvisor Piper Sandler utilizes a macro-driven model to select stocks according to style factors that have historically been favorable in the current economic environment.  

A risk-managed options selling strategy is then overlayed on top to provide additional income and total return potential.

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Documents

Fund Overview

As of 06/06/2025

Ticker Symbol
LITL
Gross Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$3,373,127.83
Shares Outstanding
125,001
Distribution Rate as of 06/06/2025 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 06/06/2025 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 06/06/2025
-
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 06/06/2025
0.17%
NAV Per Share as of 06/06/2025
$26.98
Market Price as of 06/06/2025
$27.03
30-Day Median Bid-Ask Spread
0.26%
Bid/Ask
$27.00/$27.06
Midpoint Price
$27.03
Volume
490
NAV Symbol
LITL.NV
IOPV Symbol
LITL.IV
Shares Out. Symbol
LITL.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 Fees0.90%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.00%
Acquired Fund Fees and Expenses20.01%
Total Annual Fund Operating Expenses0.91%

1. Other Expenses are estimated for the Fund’s initial fiscal year.   
2. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal year, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

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 5.75% — — — — 5.32%
Market Price 5.81% — — — — 5.06%
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 06/06/2025

Holdings - All ETFs
Ticker Name Quantity Weight
IWM ISHARES RUSSELL 2000 ETF 362 2.27%
ABG ASBURY AUTOMOTIVE GROUP IN USD 0.01 74 0.51%
ACAD ACADIA PHARMACEUTICALS I USD 0.0001 782 0.51%
ACIW ACI WORLDWIDE INC USD 0.005 365 0.51%
ACT ENACT HLDGS INC USD 0.01 477 0.49%
ADEA ADEIA INC NPV 1,314 0.52%
ADMA ADMA BIOLOGICS INC USD 0.0001 850 0.52%
ADNT ADIENT PLC USD 0.001 1,082 0.51%
ADUS ADDUS HOMECARE CORP USD 0.001 152 0.51%
AGM FEDERAL AGRIC MTG CORP USD 1.0 90 0.51%
AGX ARGAN INC USD 0.15 80 0.58%
AHCO ADAPTHEALTH CORP USD 0.0001 1,879 0.50%
ALG ALAMO GROUP INC USD 0.1 85 0.52%
ALKS ALKERMES PLC USD 0.01 551 0.52%
ALRM ALARM COM HLDGS INC NPV 294 0.51%
AMPH AMPHASTAR PHARMACEUTICAL USD 0.0001 656 0.51%
AMRX AMNEAL PHARMACEUTICALS INC USD 0.01 2,305 0.52%
ANF ABERCROMBIE + FITCH CO USD 0.01 215 0.53%
ARDT ARDENT HEALTH INC 1,165 0.51%
ARKO ARKO CORP USD 0.0001 3,941 0.51%
AVPT AVEPOINT INC USD 0.0001 905 0.52%
AX AXOS FINL INC USD 0.01 243 0.52%
BANR BANNER CORP USD 0.01 274 0.51%
BBIO BRIDGEBIO PHARMA INC USD 0.001 493 0.56%
BCO BRINKS CO USD 1.0 206 0.51%
BCPC BALCHEM CORP USD 0.0667 101 0.50%
BCRX BIOCRYST PHARMACEUTICALS I USD 0.01 1,569 0.51%
BFH BREAD FINL HLDGS INC USD 0.01 329 0.50%
BL BLACKLINE INC USD 0.01 302 0.51%
BLKB BLACKBAUD INC USD 0.001 271 0.51%
BOX BOX INC USD 0.0001 446 0.49%
BTSG BRIGHTSPRING HEALTH SVCS USD 100.0 708 0.51%
CADE CADENCE BK USD 2.5 557 0.51%
CALM CAL MAINE FOODS INC USD 0.01 176 0.51%
CARG CARGURUS INC USD 0.001 538 0.51%
CBL CBL + ASSO COM USD0.01 669 0.51%
CBT CABOT CORP USD 1.0 226 0.50%
CDP CORP OFFICE PROPS USD0.01 615 0.51%
CENT CENTRAL GARDEN + PET CO USD 0.01 468 0.50%
CHEF CHEFS WHSE INC USD 0.01 264 0.49%
CHX CHAMPIONX CORP USD 0.01 701 0.52%
CMC COMMERCIAL METALS CO USD 0.01 362 0.54%
CNK CINEMARK HLDGS INC USD 0.001 500 0.48%
CNO CNO FINL GROUP INC USD 0.01 444 0.51%
COLL COLLEGIUM PHARMACEUTICAL USD 0.001 579 0.52%
CPRX CATALYST PHARMACEUTICALS USD 0.001 676 0.52%
CRC CALIFORNIA RES CORP USD 0.01 382 0.51%
CRCT CRICUT INC USD 0.001 2,784 0.53%
CRS CARPENTER TECHNOLOGY CORP USD 5.0 72 0.53%
CRVL CORVEL CORP USD 0.0001 152 0.49%
CTRI CENTURI HLDGS INC USD 0.01 808 0.55%
CVI CVR ENERGY INC USD 0.01 721 0.50%
CVLT COMMVAULT SYS INC USD 0.01 92 0.51%
CXW CORECIVIC INC USD 0.01 768 0.50%
DAVE DAVE INC USD 0.0001 84 0.55%
DEI DOUGLAS EMMETT INC COM STK USD0.01 1,185 0.52%
DVAX DYNAVAX TECHNOLOGIES CORP USD 0.001 1,723 0.52%
EAT BRINKER INTL INC USD 0.1 98 0.50%
EFSC ENTERPRISE FINL SVCS CORP USD 0.01 319 0.50%
EHAB ENHABIT INC USD 0.01 1,607 0.51%
ENSG ENSIGN GRO COM USD0.001 115 0.52%
ENVA ENOVA INTL INC USD 0.00001 182 0.52%
ESNT ESSENT GROUP LTD USD 0.015 291 0.50%
ESRT EMPIRE ST COM USD0.01 CL A 2,202 0.55%
EVER EVERQUOTE INC USD 0.001 732 0.55%
EVRI EVERI HLDGS INC USD 0.001 1,196 0.50%
EXPI EXP RLTY INTL CORP USD 0.00001 1,980 0.52%
FBP FIRST BANCORP P R USD 0.1 844 0.51%
FIHL FIDELIS INSURANCE HOLDINGS USD 0.01 965 0.50%
FMBH FIRST MID BANCSHARES INC USD 4.0 478 0.51%
FSS FEDERAL SIGNAL CORP USD 1.0 179 0.53%
FTDR FRONTDOOR INC USD 0.01 307 0.53%
GFF GRIFFON CORP USD 0.25 245 0.51%
GIII G-III APPAREL GROUP LTD USD 0.01 581 0.39%
GMS GMS INC USD 0.01 223 0.52%
GOGO GOGO INC USD 0.0001 1,590 0.52%
GPOR GULFPORT ENERGY CORP USD 0.0001 88 0.50%
GRND GRINDR INC USD 0.0001 691 0.48%
GRPN GROUPON INC USD 0.0001 579 0.57%
GVA GRANITE CONSTR INC USD 0.01 189 0.51%
HALO HALOZYME THERAPEUTICS INC USD 0.001 301 0.48%
HBI HANESBRANDS INC USD 3,408 0.51%
HCI HCI GROUP INC NPV 100 0.50%
HIMS HIMS + HERS HEALTH INC USD 0.0001 298 0.50%
HMN HORACE MANN EDUCATORS COR USD 0.001 388 0.51%
HPK HIGHPEAK ENERGY INC USD 0.0001 1,706 0.56%
HSII HEIDRICK + STRUGGLES INTL USD 0.01 386 0.50%
HWC HANCOCK WHITNEY CORP USD 3.33 309 0.50%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 269 0.51%
IDCC INTERDIGITAL INC PA USD 0.01 78 0.53%
IESC IES HLDGS INC USD 0.01 65 0.54%
INTA INTAPP INC USD 0.001 306 0.53%
INVA INNOVIVA INC USD 0.01 862 0.55%
ITGR INTEGER HLDGS CORP USD 0.001 142 0.51%
JBI JANUS INTL GROUP INC USD 0.0001 2,065 0.50%
JXN JACKSON FINL INC USD 0.01 206 0.51%
KNF KNIFE RIV CORP USD 0.01 179 0.49%
KTB KONTOOR BRANDS INC NPV 246 0.51%
LAUR LAUREATE ED INC USD 0.001 750 0.50%
LBRT LIBERTY ENERGY INC USD 0.01 1,456 0.53%
LEU CENTRUS ENERGY CORP USD 0.1 133 0.56%
LFST LIFESTANCE HEALTH GROUP IN USD 0.01 2,840 0.49%
LILAK LIBERTY LATIN AMERICA LTD USD 0.01 3,374 0.51%
LIVN LIVANOVA PLC GBP 1.0 390 0.53%
LRN STRIDE INC USD 0.0001 111 0.48%
LUMN LUMEN TECHNOLOGIES INC LA USD 1.0 4,303 0.50%
LZ LEGALZOOM COM INC USD 0.001 1,848 0.50%
MATX MATSON INC NPV 149 0.50%
MCY MERCURY GEN CORP NEW NPV 262 0.51%
MD PEDIATRIX MEDICAL GROUP IN USD 0.01 1,192 0.50%
MGY MAGNOLIA OIL + GAS CORP USD 0.0001 785 0.53%
MLI MUELLER INDS INC USD 0.01 217 0.50%
MNKD MANNKIND CORP USD 0.01 4,065 0.53%
NATL NCR ATLEOS CORP USD 0.01 636 0.51%
NAVI NAVIENT CORP USD 0.01 1,255 0.50%
NHC NATIONAL HEALTHCARE CORP USD 0.01 162 0.51%
NMIH NMI HLDGS INC USD 0.01 425 0.50%
NNI NELNET INC COM USD0.01 CL A 145 0.49%
NTB BANK OF NT BUTTERFIELD + S BMD 0.01 400 0.51%
NTGR NETGEAR INC USD 0.001 575 0.52%
NVCR NOVOCURE LTD NPV 883 0.45%
NXT NEXTRACKER INC USD 0.0001 298 0.52%
OFG OFG BANCORP USD 1.0 410 0.51%
OPCH OPTION CARE HEALTH INC USD 0.0001 516 0.49%
ORA ORMAT TECHNOLOGIES INC USD 0.001 227 0.52%
OSCR OSCAR HEALTH INC USD 0.00001 1,222 0.56%
OUT OUTFRONT M COM USD0.01(POST REV SPL 1,021 0.49%
PACS PACS GROUP INC USD 0.001 1,701 0.53%
PBH PRESTIGE CONSUMER HEALTHCARE INC. 197 0.50%
PBI PITNEY BOWES INC USD 1.0 1,638 0.51%
PECO PHILLIPS E COM USD0.01 476 0.50%
PGNY PROGYNY INC USD 0.0001 785 0.50%
PGRE PARAMOUNT COM USD0.01 2,788 0.54%
PHR PHREESIA INC USD 0.01 689 0.55%
PI IMPINJ INC USD 0.001 148 0.50%
PJT PJT PARTNERS INC USD 0.01 112 0.51%
PLMR PALOMAR HLDGS INC USD 0.0001 98 0.48%
PLUS EPLUS INC USD 0.01 236 0.50%
PLXS PLEXUS COR COM USD0.01 129 0.51%
PRIM PRIMORIS SVCS CORP USD 0.0001 234 0.53%
PRKS UNITED PARKS + RESORTS INC USD 0.01 377 0.48%
PRM PERIMETER SOLUTIONS INC NPV 1,398 0.53%
PTCT PTC THERAPEUTICS INC USD 0.001 348 0.54%
QLYS QUALYS INC USD 0.001 122 0.51%
QTWO Q2 HLDGS INC USD 0.0001 193 0.52%
RDNT RADNET INC USD 0.0001 293 0.51%
REAX REAL BROKERAGE INC NPV 4,095 0.51%
REZI RESIDEO TECHNOLOGIES INC USD 0.001 815 0.51%
ROAD CONSTRUCTION PARTNERS INC USD 0.001 161 0.53%
ROOT ROOT INC USD 0.0001 129 0.58%
RRR RED ROCK RESORTS INC USD 0.01 351 0.52%
RSI RUSH STR INTERACTIVE INC USD 0.0001 1,329 0.53%
SCSC SCANSOURCE COM NPV 418 0.51%
SEM SELECT MED HLDGS CORP USD 0.001 1,103 0.50%
SEZL SEZZLE INC NPV 158 0.62%
SFM SPROUTS FMRS MKT INC USD 0.001 98 0.49%
SIG SIGNET JEWELERS LIMITED USD0.18 253 0.58%
SIGI SELECTIVE INS GROUP INC USD 2.0 192 0.50%
SKWD SKYWARD SPECIALTY INS GROU USD 0.01 266 0.49%
SKYW SKYWEST INC NPV 166 0.51%
SLVM SYLVAMO CORP USD 1.0 318 0.51%
SMTC SEMTECH CORP USD 0.01 452 0.51%
SPXC SPX TECHNOLOGIES INC USD 0.01 111 0.52%
SR SPIRE INC USD 1.0 224 0.49%
SRCE 1ST SOURCE CORP NPV 279 0.51%
STNG SCORPIO TANKERS INC USD 0.01 424 0.50%
STRL STERLING INFRASTRUCTURE IN USD 0.01 90 0.55%
SWX SOUTHWEST GAS HOLDINGS INC USD 1.0 235 0.50%
TDOC TELADOC HEALTH INC 2,438 0.53%
TIPT TIPTREE INC USD 0.001 761 0.51%
TK TEEKAY CORP LTD USD 0.001 1,996 0.51%
TMDX TRANSMEDICS GROUP INC NPV 133 0.55%
TNET TRINET GROUP INC USD 0.000025 203 0.50%
TWST TWIST BIOSCIENCE CORP USD 0.00001 576 0.54%
UFCS UNITED FIRE GROUP INC USD 0.001 593 0.50%
UFPT UFP TECHNOLOGIES INC USD 0.01 72 0.51%
UNFI UNITED NAT FOODS INC USD 0.01 552 0.46%
UPWK UPWORK INC USD 0.0001 1,089 0.50%
URBN URBAN OUTFITTERS INC USD 0.0001 241 0.50%
USLM UNITED STS LIME + MINERALS USD 0.1 164 0.52%
VCEL VERICEL CORP NPV 409 0.53%
VERX VERTEX INC USD 0.001 426 0.52%
VRRM VERRA MOBILITY CORP USD 0.0001 713 0.52%
VSCO VICTORIAS SECRET + CO USD 0.01 795 0.52%
VVX V2X INC USD 0.01 373 0.50%
WAFD WASHINGTON FED INC USD 1.0 594 0.51%
WAY WAYSTAR HLDG CORP USD 0.01 422 0.51%
WGS GENEDX HLDGS CORP NPV 237 0.51%
WLDN WILLDAN GROUP INC USD 0.01 312 0.53%
YOU CLEAR SECURE INC USD 0.00001 682 0.53%
GLD US 06/18/25 P285 GLD Jun 2025 285 Put 14 0.01%
GLD US 06/18/25 P297 GLD Jun 2025 297 Put -14 -0.05%
GLD US 06/20/25 P283 GLD Jun 2025 283 Put 17 0.01%
GLD US 06/20/25 P293 GLD Jun 2025 293 Put -17 -0.04%
MSTR US 06/20/25 P280 MSTR Jun 2025 280 Put 3 0.01%
MSTR US 06/20/25 P285 MSTR Jun 2025 285 Put 3 0.01%
MSTR US 06/20/25 P330 MSTR Jun 2025 330 Put -3 -0.02%
MSTR US 06/20/25 P335 MSTR Jun 2025 335 Put -3 -0.03%
RUTW US 06/18/25 P1875 RUTW Jun 2025 1875 Put 2 0.01%
RUTW US 06/18/25 P1975 RUTW Jun 2025 1975 Put -2 -0.01%
RUTW US 06/20/25 P1920 RUTW Jun 2025 1920 Put 2 0.01%
RUTW US 06/20/25 P2020 RUTW Jun 2025 2020 Put -2 -0.03%
SPXW US 06/10/25 C6100 SPXW Jun 2025 6100 Call 2 0.01%
SPXW US 06/13/25 C6100 SPXW Jun 2025 6100 Call 5 0.12%
SPXW US 06/13/25 C6150 SPXW Jun 2025 6150 Call 5 0.03%
SPXW US 06/13/25 P5700 SPXW Jun 2025 5700 Put 3 0.01%
SPXW US 07/18/25 C6300 SPXW Jul 2025 6300 Call 6 0.32%
SPXW US 07/31/25 C6500 SPXW Jul 2025 6500 Call 11 0.19%
- Estimated Cash 5,347 0.16%

Holdings are subject to change without notice.

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