LITL ETF — Simplify Piper Sandler US Small-Cap PLUS Income ETF

Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL)

Updated October 16, 2026.

LITL is an ETF. its distribution rate is 3.58%, its trailing-12-month yield is 2.79%, its expense ratio is 0.91%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 37.5% over the past 1.5 years, 2.5 points behind SPY at 40.0%.

Simplify Piper Sandler US Small-Cap PLUS Income ETF is an ETF that invests at least 80% of its net assets in equity securities of U.S. small-capitalization companies, defined as those with market capitalizations no larger than the largest constituent of the Russell 2000 Index, and operates as a non-diversified fund. The fund carries a modest current distribution rate, distributes monthly, and has an expense ratio of 0.91%. It may appeal to income-focused investors seeking exposure to U.S. small-cap equities with regular monthly payouts.

LITL performance versus SPY

Price and return data through 2026-10-16.

Total return is 37.5% over the past 1.5 years, 2.5 points behind SPY at 40.0%. Over the past year its total return — price change plus distributions reinvested — is 23.9%. Its deepest 1-year drawdown was 9.3%.

LITL key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

3.22%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

04/28/2025

Expense ratio

0.91%

Distribution rate

3.58%

Distribution frequency

Monthly

Trailing yield

2.79%

Last close

$33.49 (as of 2026-10-16)

AUM

$5,864,596

Average volume

4626.0

Dividend

$0.10

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

1.1675

How Dividend Vision calculates yield and returns

Distribution rate (3.58%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.79%) 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; 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.

LITL risks and drawbacks

LITL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.3%.

Who may consider LITL — and who may not

LITL may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on LITL

• All tickers starting with L

Tagged: Small Caps.

Frequently asked questions

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