Simplify
Commodities
Strategy
No
K-1
ETF
Consolidated
Schedule
of
Investments
March
31,
2024
(Unaudited)
1
Principal
Value
U.S.
Treasury
Bills
–
84.6%
U.S.
Treasury
Bill,
5.40%,
4/16/2024(a)
........................................
$
2,200,000
$
2,195,174
U.S.
Treasury
Bill,
5.39%,
6/6/2024(a)
.........................................
500,000
495,222
U.S.
Treasury
Bill,
5.36%,
6/20/2024(a)
........................................
4,300,000
4,250,201
Total
U.S.
Treasury
Bills
(Cost
$6,940,561)
.........................................
6,940,597
Total
Investments
–
84.6%
(Cost
$6,940,561)
.............................................................
$
6,940,597
Other
Assets
in
Excess
of
Liabilities
–
15.4%
..........................................
1,259,825
Net
Assets
–
100.0%
............................................................
$
8,200,422
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
At
March
31,
2024,
open
futures
contracts
were
as
follows:
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Long
position
contracts:
Gasoline
RBOB
Future
............................
13
$
1,485,448
4/30/24
$
30,736
NY
Harbor
ULSD
Future
...........................
1
110,153
4/30/24
(2,171)
Soybean
Future
..................................
7
417,025
5/14/24
(1,413)
Soybean
Oil
Future
...............................
19
546,630
5/14/24
(9,686)
Copper
Future
...................................
15
1,502,625
5/29/24
39,937
Silver
Future
....................................
1
124,580
5/29/24
980
Gold
100
OZ
Future
..............................
5
1,119,200
6/26/24
32,510
Soybean
Oil
Future
...............................
9
261,792
7/12/24
(4,710)
Copper
Future
...................................
2
201,950
7/29/24
5,670
Soybean
Oil
Future
...............................
5
145,620
8/14/24
24
WTI
Crude
Future
................................
3
240,270
8/20/24
14,050
Soybean
Future
..................................
2
118,675
9/13/24
(1,062)
WTI
Crude
Future
................................
9
700,560
11/20/24
13,800
Total
unrealized
appreciation/(depreciation)
$
118,665
Short
position
contracts:
Natural
Gas
Future
...............................
(3)
(52,890)
4/26/24
636
Wheat
Future
(CBT)
..............................
(1)
(28,013)
5/14/24
(269)
Corn
Future
.....................................
(8)
(176,800)
5/14/24
(1,325)
Natural
Gas
Future
...............................
(3)
(59,910)
5/29/24
1,090
Natural
Gas
Future
...............................
(2)
(46,800)
6/26/24
200
NY
Harbor
ULSD
Future
...........................
(1)
(109,977)
6/28/24
774
Wheat
Future
(CBT)
..............................
(2)
(57,575)
7/12/24
(1,213)
Corn
Future
.....................................
(7)
(159,075)
7/12/24
(1,471)
Gasoline
RBOB
Future
............................
(3)
(326,390)
7/31/24
(441)
Natural
Gas
Future
...............................
(3)
(73,110)
8/28/24
2,370
Corn
Future
.....................................
(1)
(23,225)
9/13/24
(187)
Wheat
Future
(CBT)
..............................
(3)
(88,725)
9/13/24
(4,363)
Natural
Gas
Future
...............................
(10)
(253,000)
9/26/24
5,711
Natural
Gas
Future
...............................
(3)
(87,900)
10/29/24
1,288
Natural
Gas
Future
...............................
(2)
(68,840)
11/26/24
(250)
Corn
Future
.....................................
(2)
(47,775)
12/13/24
(600)
Simplify
Commodities
Strategy
No
K-1
ETF
Consolidated
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
2
††
The
percentage
shown
for
each
investment
category
is
the
total
value
of
investments
in
that
category
as
a
percentage
of
the
net
assets
of
the
Fund.
The
table
depicts
the
Fund's
investments
but
may
not
represent
the
Fund's
market
exposure
to
certain
derivatives,
if
any,
which
are
included
in
Other
Assets
in
Excess
of
Liabilities.
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Short
position
contracts:
(continued)
Natural
Gas
Future
...............................
(4)
$
(149,080)
12/27/24
$
(1,230)
Total
unrealized
appreciation/(depreciation)
$
720
Total
net
unrealized
appreciation
$
119,385
Summary
of
Investment
Type††
Industry
%
of
Net
Assets
U.S.
Treasury
Bills
................................................................................
84.6%
Total
Investments
................................................................................
84.6%
Other
Assets
in
Excess
of
Liabilities
..................................................................
15.4%
Net
Assets
.....................................................................................
100.0%