Simplify Risk Parity Treasury ETF (TYA) NPORT-P Simplify US Equity PLUS Upside Convexity ETF (Sep 2023 report)

Simplify

US

Equity

PLUS

Upside

Convexity

ETF

Schedule

of

Investments

September

30,

2023

(Unaudited)

1

Shares

Value

Exchange-Traded

Funds

–

99.3%

iShares

Core

S&P

500

ETF(a)(b)

(Cost

$7,665,439)

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

16,850

$

7,235,896‌

Number

of

Contracts

Notional

Amount

Purchased

Options

–

0.1%

Calls

–

Exchange-Traded

–

0.1%

S&P

500

Index,

October

Strike

Price

$4,775,

Expires

10/20/23

...........

7

$

3,342,500‌

70‌

S&P

500

Index,

November

Strike

Price

$4,560,

Expires

11/17/23

..........

4

1,824,000‌

4,440‌

S&P

500

Index,

December

Strike

Price

$4,700,

Expires

12/15/23

.........

7

3,290,000‌

5,320‌

9,830‌

Total

Purchased

Options

(Cost

$71,923)

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

9,830‌

Shares

Money

Market

Funds

–

0.1%

Fidelity

Investments

Money

Market

Treasury

Only

Portfolio

-

Class

I,

5.20%(c)

(Cost

$10,780)

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

10,780

10,780‌

Total

Investments

–

99.5%

(Cost

$7,748,142)

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

$

7,256,506‌

Other

Assets

in

Excess

of

Liabilities

–

0.5%

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

34,132‌

Net

Assets

–

100.0%

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

$

7,290,638‌

Number

of

Contracts

Notional

Amount

Written

Options

–

(0.0)%†

Calls

–

Exchange-Traded

–

(0.0)%†

S&P

500

Index,

October

Strike

Price

$5,000,

Expires

10/20/23

...........

(7)

$

(3,500,000‌)

$

(35‌)

S&P

500

Index,

November

Strike

Price

$4,780,

Expires

11/17/23

..........

(4)

(1,912,000‌)

(300‌)

S&P

500

Index,

December

Strike

Price

$4,925,

Expires

12/15/23

.........

(7)

(3,447,500‌)

(875‌)

(1,210‌)

Total

Written

Options

(Premiums

Received

$11,388)

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

$

(1,210‌)

†

Less

than

0.05%

(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

$5,797,305

have

been

pledged

as

collateral

for

options

as

of

September

30,

2023.

(c)

Rate

shown

reflects

the

7-day

yield

as

of

September

30,

2023.

Simplify

US

Equity

PLUS

Upside

Convexity

ETF

Schedule

of

Investments

(Continued)

September

30,

2023

(Unaudited)

2

Summary

of

Investment

Type

Industry

%

of

Net

Assets

Exchange-Traded

Funds

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

99.3‌%

Purchased

Options

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

0.1‌%

Money

Market

Funds

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

0.1‌%

Total

Investments

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

99.5‌%

Other

Assets

in

Excess

of

Liabilities

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

0.5‌%

Net

Assets

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

100.0‌%