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IOPP

Simplify Tara India Opportunities ETF

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As of 12/31/2025

NAV

$ 27.12

NAV Change

+ $ 0.25 /0.93%

Price

$ 27.21

Price Change

+ $ 0.30 /1.11%
The Simplify Tara India Opportunities ETF (IOPP) seeks to provide long term capital appreciation.

The fund will invest in equity securities of Indian issuers. It is actively managed with a goal of outperforming the MSCI India Index.

IOPP is sub-advised by System Two Advisors, a firm with a deep bench of equity analysts and portfolio managers with a proven history in managing Indian equities.
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Documents

Fund Overview

As of 12/31/2025

Ticker Symbol
IOPP
Gross Expense Ratio
1.03%
Net Expense Ratio
0.73%
CUSIP
82889N491
Total Assets
$8,814,985.56
Shares Outstanding
325,001
Distribution Rate as of 09/30/2025 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
-
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2025
-0.02%
30-Day SEC Yield (Unsubsidized) as of 11/30/2025
-0.32%
Options Available
No
Inception Date
03/04/2024
Premium/Discount (%) as of 12/31/2025
0.32%
NAV Per Share as of 12/31/2025
$27.12
Market Price as of 12/31/2025
$27.21
30-Day Median Bid-Ask Spread
0.26%
Bid/Ask
$27.14/$27.30
Midpoint Price
$27.22
Volume
227
NAV Symbol
IOPP.NV
IOPV Symbol
IOPP.IV
Shares Out. Symbol
IOPP.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distribution includes an estimated 0% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees1.00%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.03%
Total Annual Fund Operating Expenses1.03%
Fee Waiver2(0.30)%
Total Annual Fund Operating Expenses After Fee Waiver0.73%

1. Other Expenses include interest expenses of 0.03%.    
2. The Fund’s adviser has contractually agreed, until at least October 31, 2026, to waive its management fees to 0.70% of the Fund’s average daily net assets.

Fund Performance (Total Return)

As of 11/30/2025 09/30/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.31% -1.63% 1.42% 0.62% -0.61% 15.85%
Market Price -0.99% -0.91% 1.65% 1.44% -0.59% 15.82%
Annualized 1 Year 3 Year Since Inception
NAV -0.61% — 8.81%
Market Price -0.59% — 8.81%
Cumulative 1 Year Since Inception
NAV -6.94% 15.86%
Market Price -7.76% 15.22%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -6.94% — — 9.80%
Market Price -7.76% — — 9.43%
Calendar Year NAV Market Price
2024 — —
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above. 

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2024 3rd Quarter of 2026
Days Traded at Premium
169
20
Days Traded at Discount
40
44
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 12/31/2025

Holdings - All ETFs
Ticker Name Quantity Weight
APHS APOLLO HOSPITALS ENTERPRISE INR 5.0 4,449 3.95%
BHARTI BHARTI AIRTEL LTD INR 5.0 26,909 7.15%
BIKAJI BIKAJI FOODS INTERNATIONAL INR 1.0 12,884 1.22%
BJAUT BAJAJ AUTO LTD INR 10.0 4,267 5.03%
BRIT BRITANNIA INDUSTRIES LTD INR 1.0 3,000 2.28%
CRAFTSMA CRAFTSMAN AUTOMATION LTD INR 5.0 5,000 4.85%
DMART AVENUE SUPERMARTS LTD INR 10.0 144A 8,081 3.86%
ETERNAL ETERNAL LTD 184,617 6.48%
GRAV GRAVITA INDIA LTD INR 2.0 10,223 2.40%
HAVL HAVELLS INDIA LTD INR 1.0 11,126 2.00%
ICICIAMC ICICI PRUDENTIAL ASSET MANA INR 1.0 88 0.03%
ICICIBC ICICI BANK LTD INR 2.0 25,101 4.25%
IH INDIAN HOT INR1 (POST SUBDIVISION) 32,000 2.98%
INFOE INFO EDGE INDIA LTD INR 2.0 23,955 4.03%
IRCTC INDIAN RAILWAY CATERING + T INR 2.0 21,908 1.89%
ITC ITC LTD INR 1.0 95,893 4.88%
JBCP JB CHEMICALS + PHARMACEUTIC INR 1.0 14,919 3.43%
KMB KOTAK MAHINDRA BANK LTD INR 5.0 19,108 5.31%
LGEL LG ELECTRONICS INDIA LTD INR 10.0 156 0.03%
MRCO MARICO LTD INR 1.0 50,000 4.74%
TMCV TATA MOTORS LTD /NEW INR 2.0 50,898 2.67%
TRIV TRIVENI TURBINE LTD INR 1.0 25,135 1.71%
TTAN TITAN COMPANY LIMITED INR 1.0 11,201 5.73%
TTMT TATA MOTORS PASSENGER VEHIC INR 2.0 50,898 2.36%
TWL TITAGARH RAIL SYSTEM LTD INR 2.0 17,036 1.92%
UNOMINDA UNO MINDA LTD INR 2.0 28,295 4.59%
- Estimated Cash 901,237 10.22%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.00000
$0.00000
$0.00000
$0.08000
$1.86416
View Distribution History

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