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Launched · SEC filings

Simplify China A Shares PLUS Income ETF

CASNYSE ArcaSimplifyD

$19.79+0.34 (+1.72%)

As of Nov 2, 2026, 3:51 PM ET

D35/ 100

Rank 26 of 30 in China

D35/100Rank 26 of 30inChina
Intraday session: up, 77 prints from 19.45 to 19.79. Range 19.79 to 19.95. Use the arrow keys to read each point.19.6019.7019.9010 AM12 PM2 PM4 PM
Expense ratio
0.94%
Fund size
$10M
1Y total return
−6.2%
Yield · Last 12 months
78.48%
Holdings
23
Avg volume · 30D
3.09K sh
52W range
low $18.97high $36.11
Launched
Filings
SEC EDGAR

The ETF.net CAS Grade

D

Score 35 out of 100

Category
China⁠
Rank
26 of 30
Six-pillar profile for CAS. Scores out of 100: Cost 3, Risk 65, Mission 83, Tradability 18, Holdings 0, Durability 34. Strongest: Mission (83). Weakest: Holdings (0). Leans toward Mission.

Score 35 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.
    F3 out of 100
    Rank 29 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 9 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 10 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 29 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F0 out of 100
    Rank 29 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D34 out of 100
    Rank 24 of 30

Our read on CAS

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jan 13, 2025

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$9,381
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CAS $9,381. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for CAS. Periods over one year show the average yearly return.
PeriodCAS
Year to date−8.9%
1 month−12.9%
3 months−11.4%
1 year−6.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CAS
YearReturn barCAS
2026 YTD−8.9%
2025+50.4%

History from Jan 14, 2025

CAS in the news

CAS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
78.48%Last 12 months
Payout per share
$15.25Last 12 months
Last payment
$1.00 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 14 payments from 2025 to 2026 YTD. Jun 25, 2025 $0.24; Sep 25, 2025 $0.50; Nov 21, 2025 $1.00; Dec 23, 2025 $10.50; Jan 27, 2026 $0.20; Feb 24, 2026 $0.15; Mar 26, 2026 $0.10; Apr 27, 2026 $0.10; May 26, 2026 $0.10; Jun 25, 2026 $0.10; Jul 28, 2026 $0.50; Aug 26, 2026 $0.50; Sep 25, 2026 $1.00; Oct 27, 2026 $1.00. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 30, 2026$1.00
Sep 25, 2026Sep 30, 2026$1.00
Aug 26, 2026Aug 31, 2026$0.50
Jul 28, 2026Jul 31, 2026$0.50
Jun 25, 2026Jun 30, 2026$0.10
May 26, 2026May 29, 2026$0.10
Apr 27, 2026Apr 30, 2026$0.10
Mar 26, 2026Mar 31, 2026$0.10
Feb 24, 2026Feb 27, 2026$0.15
Jan 27, 2026Jan 30, 2026$0.20
Dec 23, 2025Dec 31, 2025$10.50
Nov 21, 2025Nov 28, 2025$1.00

See all 14 payments⁠

$10,000 in CAS 1 year ago paid $4,274 in dividends.⁠

CAS Risk

Risk pillarB65 out of 100Rank 10 of 30 in China
How much the fund’s monthly returns vary, scaled to a year.
25.1%
Annualised · 21 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · 21 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−24.0%
21 months · trough Oct 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CAS Cost

Compare CAS and FLCH

Overpaying vs FLCH, cheapest in China

$13,752

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CAS 0.94%

    $17,704

  • FLCH 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • CAS 0.94%
  • FLCH 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CAS $17,704FLCH $3,952

Year by year

YearCASFLCHOverpaying
10$1,661$347$1,314
20$6,260$1,351$4,909
30$17,704$3,952$13,752

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