Category Review
Index option income was not one bet this year
Simplify China A Shares PLUS Income ETF
$22.77+0.04 (+0.18%)
- 0.88%
- $12M
- +11.5%
- 62.71%
- 0M sh
- $23.08
- low $22.69high $36.90
The ETF.net CAS Grade
D
Score 38 out of 100
- 25 of 30
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 27 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.A83 out of 100Rank 9 of 22Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 4 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 28 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F0 out of 100Rank 28 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 24 of 30
Our read on CAS
DSimplify's swing at China: an actively run book of mainland A shares, roughly 40 names deep, chasing capital appreciation and income at the same time instead of tracking a broad China index.
The Fund seeks capital appreciation and income. It is actively managed and normally invests at least 80% of assets in China A Shares or instruments with substantially similar economic characteristics.
Why people hold it
- Unusual mandate: normally at least 80% of assets in China A shares or instruments with substantially similar economics, picked actively rather than tracked from an index.
- Concentrated on purpose, roughly 40 positions, and it pursues income alongside price appreciation rather than share-price return alone.
- Stays in the lane its prospectus describes: mainland China equity exposure, actively managed, no style drift into a generic global basket.
Worth knowing
- The active tilt costs money: 0.88% a year sits above the typical China fund, while index rivals like JCHI (0.15%) and FLCH (0.19%) charge a fraction of it.
- Launched in 2025 and still small and lightly traded, which generally means wider bid-ask spreads than the household-name China ETFs.
- Income here is an objective, not a calendar: payouts have come irregularly rather than on a fixed monthly or quarterly schedule.
CAS Holdings
- Stocks
- 39
- 199%
- SBIL
Sectors
- Financials100.0%
Geography
- United States100.00%
CAS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CAS$11,154
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CAS |
|---|---|
| Year to date | +1.6% |
| 1 month | −5.1% |
| 3 months | −10.9% |
| 1 year | +11.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CAS |
|---|---|---|
| 2026 YTD | +1.6% | |
| 2025 | +50.4% |
CAS in the news
CAS Dividends
- 62.71%
- $14.25
- $1.00 per share
- Monthly
Distribution history
CAS Risk
- 22.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.08
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CAS Cost
0.88%
CAS0.88%
- The middle half of China funds
- Median 0.65%
25 of the 29 China funds charge less.
Other funds in China
- CCCPXCorgi ETF Trust I - Corgi China 2x Daily ETFExpense ratio 0.45%1 year return —
- CKCAIKraneShares China Alpha Index ETFExpense ratio 0.79%1 year return +21.8%
- DMCHSMatthews China Discovery Active ETF MCHSExpense ratio 0.99%1 year return +21.0%
- DCGROCoreValues Alpha Greater China Growth ETFExpense ratio 0.85%1 year return −27.9%
- DCNQQRayliant-ChinaAMC Transformative China Tech ETFExpense ratio 0.75%1 year return −11.7%