LITL – Simplify Piper Sandler USSm-CpPLUSIncETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation and income. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. small-capitalization companies. The manager defines small-capitalization companies as those, at the time of purchase, with market capitalizations no larger than the largest constituent of the Russell 2000® Index. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LITL	Simplify Piper Sandler US Small-Cap PLUS Income ETF	ETF	Open	—		Apr 28, 2025	$5.88M	0.910%	—	—	−$882,731.35

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