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CTA

GradeBNew York Stock Exchange Arca

Simplify Managed Futures Strategy ETF

Simplify · Inception 2022-03-07

$29.59+0.55 (+1.88%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Mar 8, 2022.
Intraday session: up, 69 prints from 29.05 to 29.59. Range 29.23 to 29.70. Use the arrow keys to read each point.$29.20$29.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$1.6B
1Y return
+6.5%
Yield · Last 12 months
Data unavailable
Holdings
88
Volume · 30D
0.5M sh
NAV per share
$27.19
52W range
low $25.39high $32.76

The ETF.net CTA Grade

B

56/ 100

Confidence Low

Six-pillar profile for CTA. Scores out of 100: Cost 69, Risk 26, Mission not scored, Tradability 52, Holdings not scored, Durability 81. Strongest: Durability (81). Weakest: Risk (26). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B 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.
    BScore 69
    —

  • 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.
    DScore 26
    —

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 52
    —

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 81
    —

Graded as of Aug 18, 2026 · Based on 4 of 6 pillars

Our read on CTA

ETF.net Research

BSimplify didn't build its own trend models, it rented them. CTA runs systematic long/short futures programs from Altis Partners, a commodity trading advisor with 20-plus years in the chair, at the lowest fee in its peer group.

Stated mandate

The fund seeks long-term capital appreciation by systematically investing in futures to create an absolute return profile and capture price trends.

Why people hold it

  1. 01Charges 0.75% a year, undercutting every other fund in its managed-futures peer group, including DBMF at 0.85% and ASMF at 0.80%.simplify.us
  2. 02The engine is outsourced to Altis Partners, a commodity trading advisor with over 20 years of experience, running a suite of systematic models rather than a single signal.simplify.us
  3. 03Goes long or short across 50-plus markets: equity, Treasury, commodity and currency futures. The mandate targets absolute return with low correlation to stocks.simplify.usfinance.yahoo.com
  4. 04Pays monthly and trades actively, unusual plumbing for an alternatives sleeve.

Worth knowing

  1. 01Trend systems need sustained moves to work with. Choppy, fast-reversing markets are where they struggle, so the ride is bumpier and less predictable than a plain index fund.
  2. 02Actively managed with no benchmark index to check it against, and commodity exposure runs through a wholly owned Cayman subsidiary that can hold up to 25% of assets.finance.yahoo.comsimplify.us
  3. 03Launched in 2022, so the live record is short and spans only a handful of market regimes.

CTA Holdings

As of Aug 19, 2026, 3:00 AM
Asset class
Other
Holdings
88
Top-10 weight
77%
Largest holding
SBIL34.7%

Sectors

  • Financials96.7%
  • Materials3.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SBILSIMPLIFY E GOVT MONEY MKT ETF34.65%—$1.1B16
002—BRENT CRUDE FUTR OCT2614.10%—$462M—
003—BRENT CRUDE FUTR NOV2610.26%—$336M—
004—NY HARB ULSD FUT SEP263.87%—$127M—
005—LOW SU GASOIL G SEP262.78%—$91M—
006—LOW SU GASOIL G OCT262.44%—$80M—
007—COPPER FUTURE DEC262.36%—$77M—
008—NY HARB ULSD FUT OCT262.28%—$75M—
009—SOYBEAN OIL FUTR DEC262.17%—$71M—
010—COPPER FUTURE SEP261.91%—$62M—
011—B 10/22/26 Govt1.64%—$54M—
012—B 8/25/26 Govt1.53%—$50M—
013—WHITE SUGAR (ICE) OCT261.52%—$50M—
014—SUGAR #11 (WORLD) OCT261.47%—$48M—
015—COTTON NO.2 FUTR DEC261.42%—$46M—

Showing 1–15 of 30 holdings

CTA 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 CTA. Periods over one year show the average yearly return.
PeriodCTA
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.

CTA in the news

CTA 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.

CTA 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.
−0.18
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.

CTA Cost

Expense Ratio
0.75%