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Launched · SEC filings

Simplify US Equity PLUS Managed Futures Strategy ETF

CTAPNYSE ArcaB

$31.14+0.33 (+1.07%)

As of Oct 13, 2026, 3:59 PM

B62/ 100

Rank 5 of 19 in Capital-Efficient Allocation

B62/100Rank 5 of 19inCapital-Efficient Allocation
Intraday session: up, 25 prints from 30.81 to 31.14. Range 30.80 to 31.14. Use the arrow keys to read each point.30.9031.0031.1010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$169M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
41
Avg volume · 30D
0.1M sh
NAV per share
$30.40
52W range
low $24.80high $33.64
Launched
Filings
SEC EDGAR

The ETF.net CTAP Grade

Based on 5 of 6 pillars

B

Score 62 out of 100

Category
Capital-Efficient Allocation⁠
Rank
5 of 19
Six-pillar profile for CTAP. Scores out of 100: Cost 78, Risk 42, Mission not scored, Tradability 68, Holdings 41, Durability 59. Strongest: Cost (78). Weakest: Holdings (41). Based on 5 of 6 pillars.

Score 62 of 100 falls in the B 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.
    A78 out of 100
    Rank 5 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 13 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 5 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 10 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 9 of 19

Our read on CTAP

ETF.net Research

BTwo jobs, one ticker: CTAP runs an actively managed US large-cap stock sleeve alongside a managed futures program, and charges 0.28% a year, well under the typical fund in its allocation peer group.

Stated mandate

The fund seeks long-term capital appreciation through two actively managed strategies: US large-cap equities and managed futures.

Why people hold it

  1. 01At 0.28% a year, it undercuts the typical fund in its multi-asset allocation cohort by a wide margin.
  2. 02One wrapper, two active engines: US large-cap equities plus managed futures, so the diversifying sleeve is built in rather than something you bolt on yourself.
  3. 03The managed futures leg references Simplify's own standalone managed futures fund (CTA), not a strategy invented for this launch.simplify.us
  4. 04Same stock-plus-a-second-sleeve neighborhood as NTSX and GDE, but here the companion exposure is managed futures rather than gold.

Worth knowing

  1. 01Launched in December 2025, so the history is short and there is little record of how the two sleeves behave together across full market cycles.
  2. 02Both sleeves are actively managed against no published index, so what you own rests on the managers' positioning rather than a rulebook you can look up.
  3. 03Trading is moderate rather than heavy, so bid-ask spreads can run wider than in the largest allocation ETFs.

CTAP Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
41
Top-10 weight
223%
Largest holding
SBIL57.7%

Sectors

  • Technology38.7%
  • Financials12.1%
  • Communication9.5%
  • Consumer Discretionary9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Consumer Staples4.5%
  • Energy3.5%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SBILSimplify E Govt Money Mkt Etf57.71%998,500$100M18
002—Trs Cta 030827 Bullet37.94%2,220,000$66M1
003—Trs Spuc 083127 Bullet24.34%850,000$42M1
004—Trs Spuc 082427 Bullet24.34%850,000$42M1
005—Trs Spuc 081727 Bullet17.18%600,000$30M1
006—B 1/28/27 Govt16.50%28,950,000$29M32
007—Trs Cta 082427 Bullet12.82%750,000$22M1
008—B 3/11/27 Govt11.97%21,100,000$21M29
009—Trs Cta 102927 Bullet11.96%700,000$21M1
010—Trs Cta 050727 Bullet8.12%475,000$14M1
011—Trs Spuc 081727 Bullet7.16%250,000$12M1
012—Trs Spuc 102927 Bullet5.73%200,000$10M1
013—Trs Spuc 082727 Bullet5.73%200,000$10M2
014—Trs Cta 083127 Bullet5.55%325,000$10M1
015—Trs Cta 050727 Bullet4.27%250,000$7M1

Showing 1–15 of 41 holdings

CTAP Performance

Launched Dec 8, 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.Not enough history yet.
CTAP$12,380
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. CTAP $12,380. SPY $11,500. Use the arrow keys to read each point.$9,016$11,028$13,041Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

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.

Trailing total return for CTAP. Periods over one year show the average yearly return.
PeriodCTAP
Year to date+23.8%
1 month−0.7%
3 months+17.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 CTAP
YearReturn barCTAP
2026 YTD+23.8%
2025+1.7%

History from Dec 10, 2025

CTAP in the news

Filtered to CTAP · Capital-Efficient Allocation

CTAP Dividends

Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 26, 2026 $0.20; Jun 25, 2026 $0.30; Sep 25, 2026 $0.30. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.30
Jun 25, 2026Jun 30, 2026$0.30
Mar 26, 2026Mar 31, 2026$0.20

CTAP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
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.
—
Launched Dec 2025; fills in after 12 months
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.
—
Launched Dec 2025; fills in after 12 months
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.
1.34
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.

CTAP Cost

Expense ratio0.28%
  • The middle half of Capital-Efficient Allocation funds
  • Median 0.67%

4 of the 19 Capital-Efficient Allocation funds charge less.

CTAP costs $28.00 a year on $10,000. The median Capital-Efficient Allocation fund costs $67.00.

Other funds in Capital-Efficient Allocation

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