CTAP ETF — Simplify US Equity PLUS Managed Futures Strategy ETF

Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP)

Updated October 16, 2026.

CTAP is a low-cost ETF linked to U.S. large-cap equities + systematic managed futures. its distribution rate is 3.92%, its trailing-12-month yield is 2.61%, its expense ratio is 0.10%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 26.2% over the past 0.9 years, 13.3 points ahead of SPY at 12.9%.

Simplify US Equity PLUS Managed Futures Strategy ETF is an actively managed fund that combines full exposure to large-cap U.S. equities with systematic managed futures strategies using derivatives, delivering dual dollar-for-dollar exposures within a single wrapper. The fund distributes quarterly at a current rate in the low-to-mid single digits, with a low expense ratio of 0.10%. It appeals to investors seeking equity participation combined with alternative diversification through trend-following strategies.

CTAP performance versus SPY

Price and return data through 2026-10-16.

Total return is 26.2% over the past 0.9 years, 13.3 points ahead of SPY at 12.9%. Its deepest 1-year drawdown was 20.5%.

CTAP key facts

Distribution Safety Score™

50 · Unproven

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

12/08/2025

Expense ratio

0.10%

Distribution rate

3.92%

Distribution frequency

Quarterly

Trailing yield

2.61%

Last close

$30.65 (as of 2026-10-16)

AUM

$170,531,939

Average volume

21035.0

Dividend

$0.30

Ex-dividend date

09/25/2026

Payment date

09/30/2026

How Dividend Vision calculates yield and returns

Distribution rate (3.92%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.61%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs or company page; Index: U.S. large-cap equities + systematic managed futures; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CTAP risks and drawbacks

CTAP's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 20.5%.

Who may consider CTAP — and who may not

CTAP may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (CTAP pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on CTAP

• All tickers starting with C

Tagged: Active, Futures, Leverage, Large Cap.

Frequently asked questions

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