Simplify
Enhanced
Income
ETF
Schedule
of
Investments
March
31,
2024
(Unaudited)
1
Principal
Value
U.S.
Treasury
Bills
–
100.6%
U.S.
Treasury
Bill,
5.39%,
4/2/2024(a)
.........................................
$
13,500,000
$
13,498,044
U.S.
Treasury
Bill,
5.37%,
4/11/2024(a)
........................................
13,000,000
12,981,099
U.S.
Treasury
Bill,
5.39%,
4/16/2024(a)
........................................
153,100,000
152,764,169
U.S.
Treasury
Bill,
5.40%,
4/30/2024(a)(b)
......................................
30,500,000
30,370,937
U.S.
Treasury
Bill,
5.39%,
6/6/2024(a)
.........................................
6,000,000
5,942,663
U.S.
Treasury
Bill,
5.40%,
6/25/2024(a)(b)
......................................
199,000,000
196,572,385
Total
U.S.
Treasury
Bills
(Cost
$412,110,055)
.......................................
412,129,297
Number
of
Contracts
Notional
Amount
Purchased
Options
–
0.1%
Calls
–
Exchange-Traded
–
0.1%
iShares
20+
Year
Treasury
Bond
ETF,
April
Strike
Price
$104,
Expires
4/12/24
3,227
33,560,800
6,454
ishares
Russell
2000
ETF,
April
Strike
Price
$224,
Expires
4/01/24
........
1,231
27,574,400
0
ishares
Russell
2000
ETF,
April
Strike
Price
$230,
Expires
4/05/24
........
3,589
82,547,000
7,178
ishares
Russell
2000
ETF,
April
Strike
Price
$230,
Expires
4/12/24
........
8,224
189,152,000
53,456
KraneShares
CSI
China
Internet
Fund,
April
Strike
Price
$30,
Expires
4/01/24
8,801
26,403,000
0
SPDR
Gold
Shares,
April
Strike
Price
$230,
Expires
4/12/24
.............
2,090
48,070,000
14,630
SPDR
S&P
Biotech
ETF,
April
Strike
Price
$109,
Expires
4/05/24
.........
8,143
88,758,700
16,286
SPDR
S&P
Biotech
ETF,
April
Strike
Price
$106,
Expires
4/12/24
.........
5,866
62,179,600
67,459
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF,
April
Strike
Price
$170,
Expires
4/05/24
...............................................
4,019
68,323,000
6,028
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF,
April
Strike
Price
$170,
Expires
4/12/24
...............................................
1,458
24,786,000
8,019
179,510
Puts
–
Exchange-Traded
–
0.0%†
iShares
20+
Year
Treasury
Bond
ETF,
April
Strike
Price
$85,
Expires
4/12/24
3,227
27,429,500
6,454
S&P
500
Index,
April
Strike
Price
$4,750,
Expires
4/05/24
...............
637
302,575,000
23,887
S&P
500
Index,
April
Strike
Price
$4,750,
Expires
4/10/24
...............
641
304,475,000
68,908
99,249
Total
Purchased
Options
(Cost
$536,587)
............................................
278,759
Total
Investments
–
100.7%
(Cost
$412,646,642)
...........................................................
$
412,408,056
Liabilities
in
Excess
of
Other
Assets
–
(0.7)%
.........................................
(2,910,818)
Net
Assets
–
100.0%
............................................................
$
409,497,238
Number
of
Contracts
Notional
Amount
Written
Options
–
(0.3)%
Calls
–
Exchange-Traded
–
(0.2)%
iShares
20+
Year
Treasury
Bond
ETF,
April
Strike
Price
$98.5,
Expires
4/12/24
......................................................
(3,227)
$
(31,785,950)
$
(29,043)
ishares
Russell
2000
ETF,
April
Strike
Price
$221,
Expires
4/05/24
........
(3,589)
(79,316,900)
(19,740)
ishares
Russell
2000
ETF,
April
Strike
Price
$220,
Expires
4/12/24
........
(8,224)
(180,928,000)
(386,528)
SPDR
Gold
Shares,
April
Strike
Price
$220,
Expires
4/12/24
.............
(2,090)
(45,980,000)
(52,250)
Simplify
Enhanced
Income
ETF
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
Liabilities
in
Excess
of
Other
Assets.
Number
of
Contracts
Notional
Amount
Value
SPDR
S&P
Biotech
ETF,
April
Strike
Price
$105,
Expires
4/05/24
.........
(8,143)
$
(85,501,500)
$
(24,429)
SPDR
S&P
Biotech
ETF,
April
Strike
Price
$102.5,
Expires
4/12/24
........
(5,866)
(60,126,500)
(167,181)
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF,
April
Strike
Price
$162,
Expires
4/05/24
...............................................
(4,019)
(65,107,800)
(46,218)
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF,
April
Strike
Price
$162,
Expires
4/12/24
...............................................
(1,458)
(23,619,600)
(60,507)
(785,896)
Puts
–
Exchange-Traded
–
(0.1)%
iShares
20+
Year
Treasury
Bond
ETF,
April
Strike
Price
$91.5,
Expires
4/12/24
......................................................
(3,227)
$
(29,527,050)
$
(45,178)
S&P
500
Index,
April
Strike
Price
$5,050,
Expires
4/05/24
...............
(637)
(321,685,000)
(70,070)
S&P
500
Index,
April
Strike
Price
$5,050,
Expires
4/10/24
...............
(641)
(323,705,000)
(227,555)
(342,803)
Total
Written
Options
(Premiums
Received
$1,581,489)
.................................
$
(1,128,699)
†
Less
than
0.05%
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(b)
Securities
with
an
aggregate
market
value
of
$54,486,607
have
been
pledged
as
collateral
for
options
as
of
March
31,
2024.
Summary
of
Investment
Type††
Industry
%
of
Net
Assets
U.S.
Treasury
Bills
................................................................................
100.6%
Purchased
Options
...............................................................................
0.1%
Total
Investments
................................................................................
100.7%
Liabilities
in
Excess
of
Other
Assets
..................................................................
(0.7)%
Net
Assets
.....................................................................................
100.0%