Simplify Piper Sandler US Small-Cap PLUS Income ETF
LITL
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 10845 Griffith Peak Drive Las Vegas NV United States of America 89135
- IPO Date
- Apr 29, 2025
- Website
- simplify.us
- Similar Companies
- Business
- Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is an actively managed exchange-traded fund that seeks capital appreciation and income by investing primarily in securities of U.S. small-capitalization companies, defined as those with market capitalizations no larger than the largest constituent of the Russell 2000 Index at the time of purchase; it employs a macro-driven model via subadvisor Piper Sandler to select approximately 200 stocks from a universe of about 2,000 small-cap equities based on style factors historically favorable in the current economic environment; and overlays a risk-managed options-selling strategy involving put spreads on equity, fixed income, and commodity indices or ETFs to generate monthly income without capping upside potential or requiring additional capital outlay. Launched on April 28, 2025, by Simplify Asset Management Inc., a registered investment adviser founded in 2020 and headquartered in New York, the ETF trades on the NYSE under ticker LITL with CUSIP 82889N327 and focuses on growth and value stocks across diversified sectors for investors targeting small-cap blend exposure with enhanced total return. Simplify Asset Management serves as the investment adviser, with Piper Sandler as subadvisor providing the proprietary economic overlay and factor-investing methodology to position holdings optimally amid economic cycles. In a major strategic expansion on April 29, 2025, Simplify launched LITL as part of its Equity PLUS Options ETF suite to offer small-cap U.S. equity investors balanced volatility, growth, and income through the innovative options overlay, marking the firm's latest addition to its lineup of over 30 ETFs addressing portfolio challenges like income generation and convexity. No further acquisitions, partnerships beyond the Piper Sandler subadvisory relationship, funding rounds, or operational reorganizations have been reported for LITL in the subsequent period through December 2025, though Simplify announced estimated capital gains distributions across ten ETFs including LITL on December 12, 2025. The fund targets U.S. investors seeking active alpha from multi-factor small-cap exposure combined with capital-efficient income, with net assets of approximately $6 million as of late 2025.