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CRDT

GradeFNew York Stock Exchange Arca

Simplify Opportunistic Income ETF

Simplify · Inception 2023-06-26

$22.06−0.23 (−1.05%)

As of Sep 23, 2026, 10:17 AM EDT

History starts Jun 27, 2023.
Intraday session: down, 3 prints from 22.29 to 22.06. Range 22.06 to 22.29. Use the arrow keys to read each point.$22.10$22.20$22.3010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$32M
1Y return
+3.6%
Yield · Last 12 months
Data unavailable
Holdings
88
Volume · 30D
0M sh
NAV per share
$23.82
52W range
low $21.69high $24.20

The ETF.net CRDT Grade

F

15/ 100

Confidence Medium

Six-pillar profile for CRDT. Scores out of 100: Cost 4, Risk 23, Mission not scored, Tradability 12, Holdings 25, Durability 41. Strongest: Durability (41). Weakest: Cost (4). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 15 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 4
    —

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 23
    —

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    —

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 25
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    —

Graded as of Aug 18, 2026 · Based on 5 of 6 pillars

Our read on CRDT

ETF.net Research

FNot an index bond fund. CRDT roams high yield, investment grade and distressed debt hunting income, run by an alternatives shop that also handles the hedging, and it pays monthly.

Stated mandate

CRDT seeks current income as its primary objective, with long-term capital appreciation as a secondary objective.

Why people hold it

  1. 01Active across the credit spectrum: investment grade and high yield corporate bonds, preferred stock, Treasuries and bank loans, chosen by bottom-up research instead of an index.simplify.us
  2. 02Sub-advised by Asterozoa Capital, an alternatives manager responsible for both fixed income security selection and the fund's derivatives strategy.simplify.ussimplify.us
  3. 03The prospectus puts guardrails on the racy stuff: up to 15% in illiquid holdings such as distressed or private investments, and no more than 10% rated CCC or lower.simplify.us
  4. 04Pays monthly, with current income as the stated primary objective and long-term capital appreciation second.

Worth knowing

  1. 01The 0.99% expense ratio is alternatives-manager pricing next to index core bond funds like BND at 0.03%. Active credit selection has to cover that gap.
  2. 02Small and thinly traded, so bid-ask spreads can run wider than the giant core bond ETFs. Limit orders matter more here.
  3. 03Junk and distressed debt move more like stocks than Treasuries when credit sours, and the fund currently sits in the bottom quartile of our aggregate-bond group.simplify.us

CRDT Holdings

As of Aug 19, 2026, 3:00 AM
Asset class
Bonds
Holdings
88
Top-10 weight
85%
Largest holding
US 2YR NOTE (CBT) Sep2665.0%

Sectors

  • Real Estate84.0%
  • Financials9.1%
  • Consumer Discr.6.9%

Geography

  • United States93.76%
  • Norway4.30%
  • Luxembourg1.94%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US 2YR NOTE (CBT) Sep2665.02%—$85M—
002—US 5YR NOTE (CBT) SEP2610.65%—$14M—
003RITMRITHM CAPI COM NPV2.37%—$3M105
004OWLBLUE OWL CAP INC USD 0.00011.14%—$1M71
005DXDYNEX CAPI COM USD0.01(POST REV SPL1.11%—$1M59
006NLYANNALY CAP COM USD0.01(POST REV SPL1.04%—$1M154
007MFAMFA FINANC COM USD0.01(POST REV SPL0.97%—$1M61
008—Cash0.97%—$1M—
009—PNT 2025-1 B1 Mtge0.96%—$1M—
010—CIM V7.75 PERP C Pfd0.95%—$1M—
011—CIM V8 PERP B Pfd0.88%—$1M—
012—NAVSL 2021-BA R Mtge0.81%—$1M—
013FLLFULL HSE RESORTS INC USD 0.00010.79%—$1M8
014—TWMAFI 12.25 02/10/29 Corp0.78%—$1M—
015—DRSLF 2022-97A ER Mtge0.77%—$1M—

Showing 1–15 of 30 holdings

CRDT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Performance data is unavailable.

Returns run to the last market 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 CRDT. Periods over one year show the average yearly return.
PeriodCRDT
Year to dateHistory unavailable—
1 monthHistory unavailable—
3 monthsHistory unavailable—
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

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 return data is unavailable.

CRDT in the news

ETF.net Research hasn’t filed on CRDT yet — coverage lands here as it’s written.

CRDT 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 unavailableLast 12 months
Payout per share
Data unavailableLast 12 months

Distribution data unavailable.

CRDT Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
—
No data available
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.
0.50
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.

CRDT Cost

Expense Ratio
0.99%