LITL: Simplify Piper Sandler US SmallCap PLUS Income ETF
ETF Education Report: Simplify Piper Sandler US SmallCap PLUS Income ETF (LITL)
What this ETF is trying to do
The Simplify Piper Sandler US SmallCap PLUS Income ETF (ticker: LITL) is an exchange-traded fund. Based on its name and holdings, it focuses on small-cap companies in the United States while also aiming to provide income to investors.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For LITL, the one-year price return was approximately 16.76%. The year-to-date (YTD) price return was approximately 14.03%.
• Total Return: This includes the share price change plus any distributions (cash payments) made to investors. The one-year total return was approximately 19.19%, and the YTD total return was approximately 15.58%.
Because the total return is higher than the price return, it shows that the distributions added value to the overall investment.
To visualize the price change, we can look at an estimated price from roughly one year ago, which was $28.85. The current price is $33.68.
Income and distribution explanation
This ETF provides cash to investors through distributions. The distribution yield is approximately 1.90%. This number describes the cash payments relative to the current ETF price.
LITL usually pays out monthly, with 10 payouts recorded over the last 12 months. The trailing distributions were $0.64. It is important to remember that a distribution yield tells you about cash flow, but it does not guarantee how much the total investment will grow or shrink.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. Some investors worry that high payouts might cause this. However, for LITL, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• Power Solutions International Inc (0.78%)
• Caredx Inc (0.77%)
• Signet Jewelers Ltd (0.75%)
• Amphastar Pharmaceuticals Inc (0.72%)
• Flotek Industries Inc (0.71%)
• Innodata Inc (0.71%)
• Inspire Medical Systems Inc (0.71%)
• The Elmet Group Co (0.69%)
• Cash (0.68%)
• Dht Holdings Inc (0.68%)
Holdings can change over time. This data was updated on October 4, 2026.
Pros
• The ETF has shown positive price returns and total returns over the last year.
• The erosion-risk measurement is considered "good."
Cons
• The income rating grade is a "C," which suggests the income level may be moderate rather than high.
Beginner takeaway
LITL is an ETF that has seen its share price and total value grow over the past year. It provides regular cash distributions, but investors should always distinguish between the price of a share and the total return that includes those cash payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | CAREDX INC | CDNA | 0.79% |
| 2 | INNODATA INC | INOD | 0.76% |
| 3 | POWER SOLUTIONS INTERNATIONAL INC | PSIX | 0.75% |
| 4 | SIGNET JEWELERS LTD | SIG | 0.75% |
| 5 | FLOTEK INDUSTRIES INC | FTK | 0.74% |
| 6 | THE ELMET GROUP CO | ELMT | 0.73% |
| 7 | DHT HOLDINGS INC | DHT | 0.71% |
| 8 | AXCELIS TECHNOLOGIES INC | ACLS | 0.70% |
| 9 | AMPHASTAR PHARMACEUTICALS INC | AMPH | 0.69% |
| 10 | INSPIRE MEDICAL SYSTEMS INC | INSP | 0.69% |