Simplify Risk Parity Treasury ETF (TYA) NPORT-P Simplify US Equity PLUS Upside Convexity ETF (Sep 2022 report)

Simplify

US

Equity

PLUS

Upside

Convexity

ETF

Schedule

of

Investments

September

30,

2022

(Unaudited)

1

Shares

Value

Exchange-Traded

Funds

–

98.0%

iShares

Core

S&P

500

ETF(a)(b)

(Cost

$13,398,902)

..........................................................

30,981

$

11,111,336‌

Number

of

Contracts

Notional

Amount

Purchased

Options

–

0.2%

Calls

–

Exchange-Traded

–

0.2%

S&P

500

Index,

October

Strike

Price

$4,850,

Expires

10/21/22

...........

342

$

165,870,000‌

3,420‌

S&P

500

Index,

January

Strike

Price

$5,050,

Expires

1/20/23

............

274

138,370,000‌

9,590‌

S&P

500

Index,

June

Strike

Price

$5,600,

Expires

6/16/23

...............

34

19,040,000‌

2,975‌

SPDR

S&P

500,

March

Strike

Price

$510,

Expires

3/17/23

...............

90

4,590,000‌

990‌

16,975‌

Total

Purchased

Options

(Cost

$398,868)

..........................................................

16,975‌

Shares

Money

Market

Funds

–

1.5%

Fidelity

Investments

Money

Market

Treasury

Only

Portfolio

-

Class

I,

2.48%(c)

(Cost

$174,303)

.............................................................

174,303

174,303‌

Total

Investments

–

99.7%

(Cost

$13,972,073)

..........................................................................

$

11,302,614‌

Other

Assets

in

Excess

of

Liabilities

–

0.3%

.........................................................

34,157‌

Net

Assets

–

100.0%

..........................................................................

$

11,336,771‌

Number

of

Contracts

Notional

Amount

Written

Options

–

(0.1)%

Calls

–

Exchange-Traded

–

(0.1)%

S&P

500

Index,

October

Strike

Price

$5,050,

Expires

10/21/22

...........

(342)

$

(172,710,000‌)

$

(1,710‌)

S&P

500

Index,

January

Strike

Price

$5,250,

Expires

1/20/23

............

(274)

(143,850,000‌)

(4,795‌)

(6,505‌)

Total

Written

Options

(Premiums

Received

$83,080)

..................................................

$

(6,505‌)

(a)

A

copy

of

the

security's

annual

report

to

shareholders

may

be

obtained

without

charge

at

www.ishares.com.

(b)

Securities

with

an

aggregate

market

value

of

$4,841,775

have

been

pledged

as

collateral

for

options

as

of

September

30,

2022.

(c)

Rate

shown

reflects

the

7-day

yield

as

of

September

30,

2022.

Simplify

US

Equity

PLUS

Upside

Convexity

ETF

Schedule

of

Investments

(Continued)

September

30,

2022

(Unaudited)

2

Summary

of

Investment

Type

Industry

%

of

Net

Assets

Exchange-Traded

Funds

...........................................................................

98.0‌%

Purchased

Options

...............................................................................

0.2‌%

Money

Market

Funds

.............................................................................

1.5‌%

Total

Investments

................................................................................

99.7‌%

Other

Assets

in

Excess

of

Liabilities

..................................................................

0.3‌%

Net

Assets

.....................................................................................

100.0‌%