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CTAP Simplify US Equity PLUS Managed Futures Strategy ETF

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$27.29
−4.2% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its Dec 9, 2025 launch to Nov 4, 2026, CTAP returned 12.4%.

What drove CTAP’s returns?Is a 0.13% fee low for a fund like CTAP?What does CTAP cost to hold and to trade?
Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as risesSimplify ↗Expense ratio 0.13%Fund assets $158m on Nov 3, 2026First traded Dec 9, 2025SEC filings ↗Every Simplify fund ETFIQ coversDividend history

Promise check: Not measuredIts strategy, systematic trend, states no objective ETFIQ can measure.

Compare with…Trading costsPut to the committeeaskIQ about CTAPAdd to portfolioFlowsAlerts

CTAP risk and return scorecard

vs its benchmark

Not measured: no ETF prices its benchmark (none named).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since Oct 2025
+$173m
askIQ: what do these flows mean? ↗

What you earned

CTAP −8.5%: total return over one month to Nov 4, 2026.
CTAP−8.5%
CTAP +3.3%: total return over three months to Nov 4, 2026.
CTAP+3.3%
CTAP −10.2%: total return over six months to Nov 4, 2026.
CTAP−10.2%
CTAP +9.7%: total return over the year to Nov 4, 2026.
CTAP+9.7%
CTAP +12.4%: total return since launch to Nov 4, 2026.
CTAP+12.4%
askIQ: what drove CTAP’s returns? ↗

How concentrated, and what does it cost?

+12.4%
Total return since launch
Report
+13.5%
S&P 500 over the same days
Report
not available
Against its own benchmark
228
Days it has traded
Report
$0.30
Last payment (paid quarterly), ex-date Sep 25, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.13% fee low for a fund like CTAP? ↗

More on CTAP

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Price and total return since launch, Dec 9, 2025

$27.29−4.2%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

CTAP returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−8.5%−1.0%
3M Aug 5 – Nov 4, 2026+3.3%−0.1%
6M May 6 – Nov 4, 2026−10.2%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+9.7%+13.3%
Since launch Dec 9, 2025 – Nov 4, 2026+12.4%+13.5%

Total returns, distributions reinvested. Listed Dec 2025: no 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

CTAP: in the month to Jun 30, 2026, net $8.3m came in, by its SEC filing.

Since Oct 2025
+$173m
Oct 1, 2025 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions CTAP files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for CTAP, back to Oct 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare CTAP with other funds in the flows tool

Month by month, money in and money outOct 2025 to Jun 2026

CTAP, money in and money out each month from Oct 2025 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from CTAP’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 7 and went out in 0.

Every bar is from CTAP’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 7 and went out in 0.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$8.3m$0+$8.3m
May 2026 SEC Form N-PORT+$23.7m$0+$23.7m
Apr 2026 SEC Form N-PORT+$16.1m$0+$16.1m
Mar 2026 SEC Form N-PORT+$16.0m$0+$16.0m
Feb 2026 SEC Form N-PORT+$90.6m$0+$90.6m
Jan 2026 SEC Form N-PORT+$13.9m$0+$13.9m
Dec 2025 SEC Form N-PORT+$4.4m$0+$4.4m
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

CTAP key stats

High since Dec 9, 2025, daily closes to Nov 4, 2026 (ETFIQ)$32.45 on May 14, 2026
Low since Dec 9, 2025, daily closes to Nov 4, 2026 (ETFIQ)$24.95 on Dec 17, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$27.29, 31% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Sep 23, 2026
Trading · CTAPas of Sep 23, 2026
·
Not scored1 of 6 measured · Sep 23, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

CTAP for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
CTAP interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

CTAP is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About CTAP

IssuerSimplify
Strategy (ETFIQ, from its prospectus)Managed futures
Expense ratio (485BPOS XBRL, Oct 28, 2026)0.13%Report
Net assets (issuer page, as of Nov 3, 2026)$158mReport
When stocks fellS&P 500 −4.9% in March 2026; CTAP −5.4%
Weekly correlation with the S&P 500not measured, as it has fewer than 52 weeks of closes
First tradedDec 9, 2025
Days traded228
Quotedon an exchange, every trading day
How we measure
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. Method
IQ Investment Committee on CTAP

12 seats on CTAP, as of Nov 4, 2026: 3 Challenges, 8 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put CTAP to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about CTAP

What does CTAP cost?
The prospectus expense ratio is 0.13% a year.
Why is CTAP listed as managed futures?
ETFIQ files each fund by what its own prospectus says it does, and CTAP’s, filed Oct 28, 2026, describes a managed futures fund.
Sources and dates
Prices, CTAP and S&P 500 (SPY)Prices, Tiingo end of day ↗
Fee, 0.13%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $158mIssuer page · Nov 3, 2026
SourceProspectus the strategy was read from (SEC) ↗
IssuerSimplify website ↗
All fund filingsFund filings on SEC EDGAR ↗
Simplify’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, CTAP, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/ctap

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same number as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
Full definitions: alternatives ETFs vocabulary page. →
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