# Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/litl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Simplify · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-04-28 The Simplify Piper Sandler US Small-Cap PLUS Income ETF, trading under the ticker LITL, aims to deliver both capital growth and a consistent income stream. This is achieved through an actively managed, opportunistic investment approach, complemented by a carefully structured, risk-aware options strategy designed to generate income. Piper Sandler, serving as the fund's sub-advisor, employs a sophisticated, macro-driven analytical framework. This framework guides their selection of small-cap equities, focusing on those exhibiting style factors that have historically performed well within prev... ## Key Facts | Metric | Value | |---|---| | Price | $34.01 | | Expense Ratio | 0.91% | | Assets Under Management | $6.0M | | NAV | $34.25 | | Holdings Count | 199 | | Distribution Yield (TTM) | 2.28% | | Annual Distribution (TTM) | $0.77 /share | | Distribution Frequency | Monthly | | 52-Week Range | $26.45 – $35.36 | | Beta | 0.69 | ## Latest Distribution - Amount: $0.1000 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does LITL invest in? The Simplify Piper Sandler US Small-Cap PLUS Income ETF, trading under the ticker LITL, aims to deliver both capital growth and a consistent income stream. This is achieved through an actively managed, opportunistic investment approach, complemented by a carefully structured, risk-aware options strategy designed to generate income. Piper Sandler, serving as the fund's sub-advisor, employs a sophisticated, macro-driven analytical framework. This framework guides their selection of small-cap equities, focusing on those exhibiting style factors that have historically performed well within prevailing economic conditions. Subsequently, a disciplined options selling strategy, managed with a focus on risk mitigation, is integrated as an overlay. Its purpose is to enhance overall income generation and bolster the fund's total return potential. ### What is the expense ratio of LITL? Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LITL? Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) manages $6.0M 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 LITL actively managed or an index fund? LITL is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LITL's is 0.91%) in exchange for the discretion to over- or under-weight positions. ### When was LITL launched? Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) launched in April 2025 and is managed by Simplify. ### How has LITL performed? LITL'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 LITL pay a dividend? Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) currently distributes little or no income. Trailing-twelve-month yield is 2.28%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LITL pay dividends? Simplify Piper Sandler US Small-Cap PLUS Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LITL's dividend yield? LITL's trailing-twelve-month yield is 2.28%, calculated from the sum of dividends over the past year divided by the current price. ### When is LITL's next ex-dividend date? The most recently announced ex-dividend date for LITL was 2026-09-25. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LITL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.91% 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 LITL charge its expense ratio? The expense ratio is deducted in tiny daily slices from LITL'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 LITL cost more than a fund like VOO? LITL is actively managed (current expense ratio 0.91%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LITL's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LITL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LITL (0.91%) 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/litl - Distribution history: https://www.dividenddata.com/funds/litl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/litl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/litl/expenses - Peer comparison: https://www.dividenddata.com/funds/litl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.