---
ticker: "CTAP"
name: "Simplify US Equity PLUS Managed Futures Strategy ETF"
url: "https://etf.net/etf/CTAP"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Capital-Efficient Allocation"
category_rank: "5 of 19"
methodology: "https://etf.net/methodology"
---

# CTAP: Simplify US Equity PLUS Managed Futures Strategy ETF

Grade **B**, Score 62 of 100. Rank 5 of 19 in Capital-Efficient Allocation.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 78 | 5 of 19 |
| Mission | Not scored | — |
| Risk | 42 | 13 of 18 |
| Tradability | 68 | 5 of 19 |
| Holdings | 41 | 10 of 13 |
| Durability | 59 | 9 of 19 |

## Top holdings

The fund holds 41 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SBIL | Simplify E Govt Money Mkt Etf | 57.71% |
| 2 | — | Trs Cta 030827 Bullet | 37.94% |
| 3 | — | Trs Spuc 083127 Bullet | 24.34% |
| 4 | — | Trs Spuc 082427 Bullet | 24.34% |
| 5 | — | Trs Spuc 081727 Bullet | 17.18% |
| 6 | — | B 1/28/27 Govt | 16.50% |
| 7 | — | Trs Cta 082427 Bullet | 12.82% |
| 8 | — | B 3/11/27 Govt | 11.97% |
| 9 | — | Trs Cta 102927 Bullet | 11.96% |
| 10 | — | Trs Cta 050727 Bullet | 8.12% |
| 11 | — | Trs Spuc 081727 Bullet | 7.16% |
| 12 | — | Trs Spuc 102927 Bullet | 5.73% |
| 13 | — | Trs Spuc 082727 Bullet | 5.73% |
| 14 | — | Trs Cta 083127 Bullet | 5.55% |
| 15 | — | Trs Cta 050727 Bullet | 4.27% |
| 16 | — | B 12/31/26 Govt | 3.63% |
| 17 | — | B 12/3/26 Govt | 2.98% |
| 18 | — | Trs Spuc 111227 Bullet | 2.86% |
| 19 | — | Trs Spuc 101427 Bullet | 2.86% |
| 20 | — | Trs Spuc 101427 Bullet | 2.86% |
| 21 | — | Cash | 2.68% |
| 22 | — | Trs Cta 040827 Bullet | 2.56% |
| 23 | — | Trs Spuc 100127 Bullet | 2.15% |
| 24 | — | Trs Spuc 100127 Bullet | 2.15% |
| 25 | — | Trs Spuc 102927 Bullet | 2.15% |
| 26 | — | Trs Cta 070227 Bullet | 2.14% |
| 27 | — | Trs Cta 080227 Bullet | 1.71% |
| 28 | — | Trs Cta 040827 Bullet | 1.71% |
| 29 | — | Trs Cta 111227 Bullet | 1.71% |
| 30 | — | Trs Cta 010827 Bullet | 1.61% |

Source: etf.net, https://etf.net/etf/CTAP. Please cite the page URL.