# Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ctap for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Simplify · Asset class: Alternatives - Strategy: Thematic · Inception: 2025-12-08 The Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) is designed to foster substantial capital growth over the long term. It achieves this by simultaneously investing 100% in large-capitalization U.S. stocks and dedicating another 100% to a structured managed futures program. This dual-component investment approach serves two key purposes: 1. Elevating potential returns: The fund pairs traditional equities with an alternative strategy known for its historically low correlation to stock market performance, thereby offering a degree of resilience and support during periods of marke... ## Key Facts | Metric | Value | |---|---| | Price | $30.64 | | Expense Ratio | 0.28% | | Assets Under Management | $169.5M | | NAV | $30.82 | | Holdings Count | 6 | | Distribution Yield (TTM) | 2.61% | | Annual Distribution (TTM) | $0.80 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $24.80 – $33.64 | | Beta | 1.34 | ## Latest Distribution - Amount: $0.3000 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does CTAP invest in? The Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) is designed to foster substantial capital growth over the long term. It achieves this by simultaneously investing 100% in large-capitalization U.S. stocks and dedicating another 100% to a structured managed futures program. This dual-component investment approach serves two key purposes: 1. Elevating potential returns: The fund pairs traditional equities with an alternative strategy known for its historically low correlation to stock market performance, thereby offering a degree of resilience and support during periods of market stress or decline. 2. Optimizing capital deployment: It provides full (100%) exposure to both distinct asset classes without requiring any supplementary capital beyond the initial investment. ### What is the expense ratio of CTAP? Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) charges an expense ratio of 0.28%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is CTAP? Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) manages $169.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CTAP actively managed or an index fund? CTAP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was CTAP launched? Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) launched in December 2025 and is managed by Simplify. ### How has CTAP performed? CTAP's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CTAP pay a dividend? Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) currently distributes little or no income. Trailing-twelve-month yield is 2.61%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CTAP pay dividends? Simplify US Equity PLUS Managed Futures Strategy ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CTAP's dividend yield? CTAP's trailing-twelve-month yield is 2.61%, calculated from the sum of dividends over the past year divided by the current price. ### When is CTAP's next ex-dividend date? The most recently announced ex-dividend date for CTAP was 2026-09-25. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will CTAP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.28% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CTAP charge its expense ratio? The expense ratio is deducted in tiny daily slices from CTAP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CTAP cost more than a fund like VOO? CTAP's strategy (current expense ratio 0.28%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where CTAP sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to CTAP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as CTAP (0.28%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ctap - Distribution history: https://www.dividenddata.com/funds/ctap/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ctap/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ctap/expenses - Peer comparison: https://www.dividenddata.com/funds/ctap/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.