Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
March
31,
2024
(Unaudited)
1
††
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.
Principal
Value
U.S.
Treasury
Bills
–
100.5%
U.S.
Treasury
Bill,
5.40%,
4/2/2024(a)
.........................................
$
35,300,000
$
35,294,886
U.S.
Treasury
Bill,
5.39%,
4/16/2024(a)
........................................
94,400,000
94,192,930
U.S.
Treasury
Bill,
5.39%,
4/30/2024(a)
........................................
200,000
199,153
U.S.
Treasury
Bill,
5.39%,
6/20/2024(a)
........................................
30,000,000
29,652,567
U.S.
Treasury
Bill,
5.40%,
6/25/2024(a)
........................................
1,200,000
1,185,361
Total
U.S.
Treasury
Bills
(Cost
$160,523,260)
.......................................
160,524,897
Total
Investments
–
100.5%
(Cost
$160,523,260)
...........................................................
$
160,524,897
Liabilities
in
Excess
of
Other
Assets
–
(0.5)%
.........................................
(824,071)
Net
Assets
–
100.0%
............................................................
$
159,700,826
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
Summary
of
Investment
Type††
Industry
%
of
Net
Assets
U.S.
Treasury
Bills
................................................................................
100.5%
Total
Investments
................................................................................
100.5%
Liabilities
in
Excess
of
Other
Assets
..................................................................
(0.5)%
Net
Assets
.....................................................................................
100.0%
At
March
31,
2024,
over
the
counter
total
return
swap
contracts
outstanding
were
as
follows:
Reference
Obligation/Index
Termination
Date(a)
Financing
Rate
Paid
(Received)
by
the
Fund
Counterparty
Notional
Amount
Unrealized
Appreciation/
(Depreciation)(b)
BNP
Custom
Global
Long
Equity
Index*
8/5/2024
2.51%(c)
BNP
Paribas
(161,328,195)
$
1,117,906
BNP
Custom
Global
Short
Equity
Index*
8/5/2024
(3.13)%(c)
BNP
Paribas
161,534,637
(1,511,494)
Goldman
Sachs
Custom
Global
Long
Equity
Index*
3/28/2025
0.30%(c)
Goldman
Sachs
(161,550,936)
637,532
Goldman
Sachs
Custom
Global
Short
Equity
Index*
3/28/2025
–%(c)
Goldman
Sachs
161,413,205
(1,028,544)
$
(784,600)
*
The
components
of
the
basket
shown
below.
(a)
The
Fund
pays/receives
annual
coupon
payments
in
accordance
with
the
swap
contract.
On
the
termination
date
of
the
swap
contract(s),
the
Fund
will
either
receive
from
or
pay
to
the
counterparty
an
amount
equal
to
the
net
of
the
accrued
financing
fees
and
the
value
of
the
reference
security
subtracted
from
the
original
notional
cost
(notional
multiplied
by
the
price
change
of
the
reference
security).
(b)
There
are
no
upfront
payments
on
the
swap
contracts,
therefore
the
unrealized
gain
(loss)
on
the
swap
contracts
is
equal
to
their
market
value.
(c)
Payments
made
quarterly.
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
2
*
The
following
table
shows
the
individual
positions
and
related
values
of
the
securities
within
the
BNP
Custom
Global
Long
Equity
Index
basket.
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
Basic
Materials
Air
Liquide
SA
..................................................
2,011
$
2,882
0.26%
Albemarle
Corp.
................................................
1,407
1,275
0.11%
BHP
Group
Ltd
.................................................
4,158
826
0.07%
BlueScope
Steel
Ltd
.............................................
42,430
4,543
0.41%
Boliden
AB
.....................................................
19,613
3,752
0.34%
Brenntag
SE
...................................................
5,120
2,972
0.27%
Cleveland-Cliffs
Inc
..............................................
35,216
5,510
0.49%
Covestro
AG,
144A
..............................................
1,702
641
0.06%
Eastman
Chemical
Co
...........................................
2,087
1,439
0.13%
Glencore
PLC
..................................................
47,678
1,804
0.16%
Holmen
AB,
Class
B
.............................................
4,209
1,179
0.10%
International
Paper
Co
...........................................
2,100
564
0.05%
Mosaic
Co/The
.................................................
6,606
1,476
0.13%
Nissan
Chemical
Corp
...........................................
2,928
761
0.07%
Norsk
Hydro
ASA
...............................................
87,273
3,289
0.29%
Novozymes
A/S,
Class
B
.........................................
14,400
5,815
0.52%
Rio
Tinto
Ltd
...................................................
16,076
8,787
0.79%
Rio
Tinto
PLC
..................................................
25,884
11,288
1.01%
Sumitomo
Metal
Mining
Co
Ltd
.....................................
47,478
9,679
0.87%
voestalpine
AG
.................................................
3,249
628
0.06%
Yara
International
ASA
...........................................
17,735
3,858
0.34%
72,968
Communications
Elisa
Oyj
......................................................
2,530
778
0.07%
Expedia
Group
Inc
..............................................
1,864
1,767
0.16%
FactSet
Research
Systems,
Inc.
....................................
188
589
0.05%
Juniper
Networks
Inc
.............................................
14,846
3,786
0.34%
KDDI
Corp
.....................................................
19,449
3,952
0.35%
Koninklijke
KPN
NV
..............................................
202,538
5,218
0.47%
Meta
Platforms
Inc,
Class
A
.......................................
2,223
7,428
0.66%
News
Corp,
Class
A
.............................................
45,111
8,126
0.73%
Nippon
Telegraph
&
Telephone
Corp
................................
182,723
1,496
0.13%
Pinterest
Inc,
Class
A
............................................
2,293
547
0.05%
Rogers
Communications
Inc,
Class
B
...............................
2,807
792
0.07%
Spark
New
Zealand
Ltd.
..........................................
28,479
558
0.05%
Tele2
AB,
Class
B
...............................................
56,386
3,190
0.29%
Telefonaktiebolaget
LM
Ericsson,
Class
B
............................
17,775
659
0.06%
Telenor
ASA
....................................................
29,876
2,289
0.20%
Trend
Micro
Inc/Japan
...........................................
20,540
7,160
0.64%
VeriSign
Inc
....................................................
8,457
11,028
0.99%
Vodafone
Group
PLC
............................................
96,782
593
0.05%
Wolters
Kluwer
NV
..............................................
10,312
11,129
1.00%
WPP
PLC
.....................................................
27,852
1,824
0.16%
72,909
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
3
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Cyclical
adidas
AG
.....................................................
5,682
$
8,743
0.78%
Aristocrat
Leisure
Ltd.
............................................
21,771
4,202
0.38%
Bandai
Namco
Holdings
Inc
.......................................
10,585
1,347
0.12%
BorgWarner
Inc
.................................................
2,579
616
0.06%
Burlington
Stores
Inc
.............................................
372
594
0.05%
Canadian
Tire
Corp
Ltd,
Class
A
....................................
844
579
0.05%
Chipotle
Mexican
Grill
Inc,
Class
A
..................................
136
2,714
0.24%
Darden
Restaurants
Inc
..........................................
4,015
4,618
0.41%
Deckers
Outdoor
Corp
...........................................
274
1,772
0.16%
Dick's
Sporting
Goods,
Inc.
........................................
665
1,028
0.09%
Evolution
AB,
144A
..............................................
6,339
5,428
0.49%
Ferrari
NV
.....................................................
1,092
3,279
0.29%
Genuine
Parts
Co
...............................................
1,534
1,635
0.15%
Gildan
Activewear,
Inc.,
Class
A
....................................
2,219
567
0.05%
H
&
M
Hennes
&
Mauritz
AB,
Class
B
...............................
33,482
3,762
0.34%
Hasbro,
Inc.
....................................................
3,294
1,281
0.11%
Hilton
Worldwide
Holdings
Inc
.....................................
2,557
3,753
0.34%
Iida
Group
Holdings
Co
Ltd
........................................
12,368
1,098
0.10%
InterContinental
Hotels
Group
.....................................
820
588
0.05%
Isuzu
Motors
Ltd.
................................................
93,154
8,638
0.77%
Jardine
Cycle
&
Carriage
Ltd
......................................
11,407
1,406
0.13%
Koito
Manufacturing
Co.
Ltd.
......................................
62,807
5,812
0.52%
La
Francaise
des
Jeux
SAEM,
144A
................................
3,966
1,114
0.10%
Lear
Corp.
.....................................................
11,346
11,311
1.01%
Lennar
Corp,
Class
A
............................................
7,438
8,801
0.79%
Lululemon
Athletica
Inc
...........................................
2,250
6,048
0.54%
Mazda
Motor
Corp
..............................................
14,837
1,189
0.11%
McDonald's
Corp
................................................
922
1,789
0.16%
McDonald's
Holdings
Co
Japan
Ltd
.................................
1,820
563
0.05%
NIKE
Inc,
Class
B
...............................................
1,095
708
0.06%
Nintendo
Co
Ltd
................................................
9,118
3,424
0.31%
Panasonic
Holdings
Corp
.........................................
169,783
11,106
0.99%
Pandora
A/S
...................................................
3,488
3,874
0.35%
Persimmon
PLC
................................................
36,936
4,225
0.38%
Rational
AG
....................................................
196
1,161
0.10%
Ross
Stores,
Inc.
................................................
10,937
11,045
0.99%
Sands
China
Ltd.
................................................
267,581
5,188
0.46%
Sekisui
House
Ltd.
..............................................
61,401
9,588
0.86%
Sumitomo
Corp
.................................................
19,772
3,264
0.29%
Taylor
Wimpey
PLC
..............................................
46,544
554
0.05%
TJX
Cos
Inc/The
................................................
15,939
11,123
0.99%
USS
Co
Ltd
....................................................
30,689
1,744
0.16%
Volvo
AB,
Class
B
...............................................
4,533
846
0.08%
Whitbread
PLC
.................................................
1,955
563
0.05%
Wynn
Resorts
Ltd
...............................................
1,337
941
0.08%
Yamaha
Motor
Co
Ltd
............................................
9,357
591
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
4
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Cyclical
(continued)
Zensho
Holdings
Co
Ltd
..........................................
12,164
$
3,482
0.31%
167,702
Consumer,
Non-cyclical
Adyen
NV,
144A
................................................
331
3,862
0.35%
Booz
Allen
Hamilton
Holding
Corp.,
Class
A
...........................
2,405
2,456
0.22%
Cardinal
Health
Inc
..............................................
10,670
8,215
0.74%
Carlsberg
AS,
Class
B
............................................
5,022
4,723
0.42%
Ck
Hutchison
Holdings
Ltd.
........................................
113,662
3,778
0.34%
Clorox
Co/The
..................................................
8,813
9,284
0.83%
Coca-Cola
Co.
(The)
.............................................
1,363
574
0.05%
Cochlear
Ltd
...................................................
3,645
5,522
0.49%
Coloplast
A/S,
Class
B
...........................................
603
561
0.05%
Corteva
Inc
....................................................
7,490
2,972
0.27%
Darling
Ingredients
Inc
...........................................
7,389
2,365
0.21%
Demant
A/S
....................................................
3,455
1,181
0.11%
Dexcom,
Inc.
...................................................
10,807
10,314
0.92%
Diageo
PLC
....................................................
2,212
563
0.05%
Edenred
SE
....................................................
15,021
5,522
0.49%
Elevance
Health
Inc
.............................................
979
3,495
0.31%
Essity
AB,
Class
B
...............................................
31,104
5,088
0.46%
Experian
PLC
..................................................
2,000
600
0.05%
Gartner
Inc
....................................................
285
936
0.08%
General
Mills,
Inc.
...............................................
1,285
619
0.06%
Genmab
A/S
...................................................
3,229
6,706
0.60%
Getinge
AB,
Class
B
.............................................
19,025
2,637
0.24%
Henkel
AG
&
Co
KGaA
...........................................
1,563
865
0.08%
Hershey
Co.
(The)
...............................................
427
571
0.05%
Hologic
Inc
.....................................................
11,606
6,226
0.56%
Humana,
Inc.
...................................................
683
1,629
0.15%
IDP
Education
Ltd
...............................................
47,677
3,835
0.34%
Imperial
Brands
PLC
.............................................
3,933
605
0.05%
Lamb
Weston
Holdings,
Inc.
.......................................
5,869
4,302
0.38%
Lifco
AB,
Class
B
................................................
5,936
1,068
0.10%
MEIJI
Holdings
Co
Ltd
...........................................
3,581
538
0.05%
Molina
Healthcare,
Inc.
...........................................
675
1,908
0.17%
Mowi
ASA
.....................................................
16,997
2,145
0.19%
Nissin
Foods
Holdings
Co
Ltd
......................................
31,059
5,890
0.53%
Novo
Nordisk
A/S,
Class
B
........................................
3,321
2,917
0.26%
Ono
Pharmaceutical
Co
Ltd
.......................................
54,624
6,153
0.55%
Orion
Oyj,
Class
B
...............................................
5,858
1,505
0.13%
Orkla
ASA
.....................................................
24,132
1,172
0.10%
RELX
PLC
.....................................................
3,381
1,006
0.09%
ResMed
Inc
....................................................
1,309
1,783
0.16%
Robert
Half
Inc
.................................................
11,590
6,322
0.57%
S&P
Global
Inc
.................................................
208
608
0.05%
Sonic
Healthcare
Ltd
.............................................
7,490
989
0.09%
Sysco
Corp
....................................................
1,006
562
0.05%
Sysmex
Corp
...................................................
4,686
573
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
5
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Non-cyclical
(continued)
Tesco
PLC
.....................................................
22,064
$
569
0.05%
Unicharm
Corp.
.................................................
32,303
7,079
0.63%
Verisk
Analytics
Inc,
Class
A
.......................................
6,967
11,300
1.01%
Vertex
Pharmaceuticals
Inc
.......................................
1,589
4,570
0.41%
158,663
Energy
Aker
BP
ASA
...................................................
15,580
2,667
0.24%
ARC
Resources
Ltd
.............................................
5,168
635
0.06%
Devon
Energy
Corp
..............................................
14,378
4,964
0.44%
Enphase
Energy
Inc
.............................................
734
611
0.06%
Equinor
ASA
...................................................
41,217
7,489
0.67%
Hess
Corp
.....................................................
9,149
9,609
0.86%
Inpex
Corp
.....................................................
19,474
2,036
0.18%
Texas
Pacific
Land
Corp
..........................................
1,192
4,746
0.42%
Vestas
Wind
Systems
A/S
.........................................
43,485
8,364
0.75%
41,121
Financial
abrdn
plc
......................................................
53,763
659
0.06%
Aegon
Ltd
.....................................................
165,643
6,956
0.62%
Allianz
SE
.....................................................
5,381
11,111
0.99%
Allstate
Corp.
(The)
..............................................
5,388
6,415
0.57%
American
Financial
Group,
Inc.
.....................................
7,302
6,857
0.61%
American
International
Group
I
.....................................
2,474
1,331
0.12%
Ameriprise
Financial
Inc
..........................................
3,733
11,263
1.01%
Aon
PLC,
Class
A
...............................................
1,814
4,166
0.37%
Arch
Capital
Group
Ltd
...........................................
2,204
1,402
0.13%
Arthur
J
Gallagher
&
Co.
..........................................
1,536
2,643
0.24%
Assurant,
Inc.
..................................................
1,712
2,218
0.20%
Bank
of
New
York
Mellon
Corp.
(The)
...............................
9,215
3,653
0.33%
Boston
Properties
Inc
............................................
13,840
6,219
0.56%
Brookfield
Corp,
Class
A
..........................................
22,793
6,568
0.59%
Canadian
Apartment
Properties,
Class
REIT
..........................
2,518
595
0.05%
CapitaLand
Ascendas
REIT
.......................................
103,990
1,469
0.13%
Cboe
Global
Markets,
Inc.
........................................
1,815
2,295
0.21%
Cincinnati
Financial
Corp.
.........................................
707
604
0.05%
Citizens
Financial
Group,
Inc.
......................................
18,744
4,680
0.42%
CK
Asset
Holdings
Ltd
...........................................
87,339
2,473
0.22%
Danske
Bank
A/S
...............................................
2,692
554
0.05%
Dexus
........................................................
16,540
587
0.05%
Discover
Financial
Services
.......................................
4,362
3,935
0.35%
DNB
Bank
ASA
.................................................
33,182
4,528
0.41%
Equitable
Holdings
Inc
...........................................
43,136
11,282
1.01%
Equity
LifeStyle
Properties,
Inc.
....................................
1,569
695
0.06%
Everest
Group
Ltd
...............................................
1,074
2,937
0.26%
Fairfax
Financial
Holdings
Ltd.
.....................................
75
560
0.05%
Gjensidige
Forsikring
ASA
........................................
5,931
592
0.05%
Globe
Life
Inc
..................................................
13,824
11,069
0.99%
GLP
J-Reit,
Class
REIT
..........................................
677
3,903
0.35%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
6
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Financial
(continued)
Great-West
Lifeco
Inc
............................................
5,126
$
1,129
0.10%
Hargreaves
Lansdown
PLC
.......................................
8,946
572
0.05%
Hartford
Financial
Services
Group
Inc/The
............................
15,993
11,340
1.01%
iA
Financial
Corp
Inc
.............................................
5,086
2,176
0.20%
Industrivarden
AB,
Class
A
........................................
2,775
657
0.06%
Industrivarden
AB,
Class
C
........................................
3,753
889
0.08%
Intact
Financial
Corp
.............................................
3,805
4,256
0.38%
Investor
AB,
Class
B
.............................................
3,453
597
0.05%
Japan
Exchange
Group
Inc
.......................................
12,180
2,263
0.20%
Japan
Metropolitan
Fund
Invest,
Class
REIT
..........................
716
3,069
0.27%
KDX
Realty
Investment
Corp,
Class
REIT
............................
78
570
0.05%
KeyCorp
......................................................
77,413
8,421
0.75%
L
E
Lundbergforetagen
AB,
Class
B
.................................
1,922
717
0.06%
Land
Securities
Group
PLC
.......................................
10,839
620
0.06%
Legal
&
General
Group
PLC
.......................................
210,212
4,649
0.42%
LPL
Financial
Holdings
Inc
........................................
541
984
0.09%
Manulife
Financial
Corp,
Class
Common
Subs.
Receipt
.................
66,640
11,462
1.03%
Marsh
&
McLennan
Cos
Inc
.......................................
405
573
0.05%
Mastercard
Inc,
Class
A
..........................................
3,381
11,203
1.00%
MetLife
Inc
.....................................................
17,389
8,867
0.79%
Northern
Trust
Corp.
.............................................
1,441
882
0.08%
Phoenix
Group
Holdings
PLC
......................................
24,693
1,186
0.11%
Power
Corp
of
Canada
...........................................
3,035
586
0.05%
Principal
Financial
Group
Inc
......................................
19,067
11,323
1.01%
Progressive
Corp/The
............................................
3,702
5,268
0.47%
Raymond
James
Financial,
Inc.
....................................
5,214
4,607
0.41%
RioCan
Real
Estate
Investment,
Class
Trust
Unit
......................
18,555
1,742
0.16%
Singapore
Exchange
Ltd
..........................................
17,865
839
0.08%
Skandinaviska
Enskilda
Banken
AB,
Class
A
..........................
65,065
6,069
0.54%
St
James's
Place
PLC
............................................
38,137
1,540
0.14%
State
Street
Corp
...............................................
7,695
4,094
0.37%
Sumitomo
Mitsui
Financial
Group,
Inc.
...............................
8,240
3,310
0.30%
Sun
Life
Financial,
Inc.
...........................................
29,754
11,181
1.00%
Svenska
Handelsbanken
AB,
Class
A
...............................
147,563
10,279
0.92%
Swire
Pacific
Ltd,
Class
A
.........................................
35,114
1,988
0.18%
Synchrony
Financial
.............................................
1,968
584
0.05%
Tradeweb
Markets
Inc,
Class
A
.....................................
2,636
1,889
0.17%
Travelers
Cos
Inc/The
............................................
1,389
2,199
0.20%
Tryg
A/S
.......................................................
12,176
1,726
0.15%
UniCredit
SpA
..................................................
28,862
7,546
0.68%
W
R
Berkley
Corp
...............................................
1,336
813
0.07%
278,884
Industrial
AECOM
.......................................................
14,897
10,054
0.90%
AGC
Inc
.......................................................
24,162
6,023
0.54%
Alfa
Laval
AB
...................................................
12,773
3,459
0.31%
AP
Moller
-
Maersk
A/S,
Class
A
....................................
177
1,554
0.14%
AP
Moller
-
Maersk
A/S,
Class
B
...................................
587
5,258
0.47%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
7
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Industrial
(continued)
Assa
Abloy
AB,
Class
B
..........................................
16,916
$
3,343
0.30%
Atlas
Copco
AB
.................................................
68,827
8,008
0.72%
Atlas
Copco
AB,
Class
B
..........................................
20,799
2,117
0.19%
Azbil
Corp
.....................................................
7,203
1,366
0.12%
Beijer
Ref
AB,
Class
B
...........................................
13,992
1,432
0.13%
Canadian
National
Railway
Co
.....................................
9,849
8,932
0.80%
Carlisle
Cos.,
Inc.
...............................................
764
2,059
0.18%
CH
Robinson
Worldwide,
Inc.
......................................
1,133
594
0.05%
CNH
Industrial
NV
...............................................
65,671
5,856
0.52%
DSV
A/S
......................................................
2,793
3,123
0.28%
Epiroc
AB,
Class
A
..............................................
28,038
3,628
0.32%
Epiroc
AB,
Class
B
..............................................
7,780
908
0.08%
Expeditors
International
of
Washington
Inc
...........................
683
571
0.05%
Fanuc
Corp.
....................................................
26,362
5,059
0.45%
Fortune
Brands
Innovations
Inc
....................................
19,669
11,459
1.02%
Halma
PLC
....................................................
4,494
925
0.08%
Hirose
Electric
Co
Ltd
............................................
1,843
1,299
0.12%
Hitachi
Construction
Machinery
Co
Ltd
..............................
4,949
1,024
0.09%
Honeywell
International
Inc
........................................
2,467
3,484
0.31%
Hoya
Corp
.....................................................
8,034
6,881
0.62%
Huntington
Ingalls
Industries
.......................................
474
951
0.09%
Husqvarna
AB,
Class
B
...........................................
19,157
1,130
0.10%
Ibiden
Co.
Ltd.
..................................................
1,972
604
0.05%
Indutrade
AB
...................................................
7,378
1,386
0.12%
Investment
AB
Latour,
Class
B
.....................................
3,025
548
0.05%
James
Hardie
Industries
PLC
......................................
26,781
7,407
0.66%
Kawasaki
Kisen
Kaisha
Ltd
........................................
5,902
545
0.05%
Knight-Swift
Transportation
Holdings
Inc,
Class
A
......................
13,706
5,189
0.46%
Kongsberg
Gruppen
ASA
.........................................
4,364
2,075
0.19%
Kyocera
Corp
..................................................
117,834
10,789
0.97%
Lockheed
Martin
Corp
............................................
1,743
5,456
0.49%
Makita
Corp
....................................................
25,068
4,873
0.44%
Masco
Corp
....................................................
13,699
7,435
0.67%
MINEBEA
MITSUMI
Inc
..........................................
7,247
973
0.09%
MISUMI
Group
Inc
..............................................
11,023
1,053
0.09%
Mitsui
OSK
Lines
Ltd
.............................................
2,631
552
0.05%
MTU
Aero
Engines
AG
...........................................
325
567
0.05%
Nibe
Industrier
AB,
Class
B
........................................
123,786
4,187
0.37%
NIPPON
EXPRESS
HOLDINGS
INC
................................
13,713
4,807
0.43%
Northrop
Grumman
Corp
.........................................
3,429
11,293
1.01%
Old
Dominion
Freight
Line
Inc
.....................................
376
567
0.05%
Owens
Corning
.................................................
4,878
5,598
0.50%
Republic
Services
Inc,
Class
A
.....................................
441
581
0.05%
ROCKWOOL
A/S,
Class
B
........................................
1,014
2,292
0.20%
RTX
Corp
.....................................................
6,307
4,232
0.38%
Saab
AB,
Class
B
...............................................
3,560
2,181
0.20%
Skanska
AB,
Class
B
............................................
15,509
1,901
0.17%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
8
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Industrial
(continued)
SKF
AB,
Class
B
................................................
29,999
$
4,218
0.38%
TE
Connectivity
Ltd
..............................................
4,197
4,194
0.38%
Waste
Connections
Inc
...........................................
6,040
7,149
0.64%
Waste
Management
Inc
..........................................
495
727
0.06%
Xylem
Inc/NY
...................................................
2,964
2,635
0.24%
206,511
Technology
Applied
Materials
Inc
.............................................
3,580
5,080
0.45%
ASM
International
NV
............................................
286
1,204
0.11%
ASML
Holding
NV
...............................................
255
1,688
0.15%
Atlassian
Corp,
Class
A
...........................................
2,017
2,708
0.24%
BE
Semiconductor
Industries
NV
...................................
3,642
3,842
0.34%
BILL
Holdings
Inc
...............................................
11,240
5,315
0.48%
Broadridge
Financial
Solutions,
Inc.
.................................
4,841
6,824
0.61%
Constellation
Software
Inc/Can
.....................................
534
10,044
0.90%
Dynatrace
Inc
..................................................
7,949
2,540
0.23%
Electronic
Arts
Inc
...............................................
4,389
4,007
0.36%
Fair
Isaac
Corp
.................................................
215
1,848
0.17%
Fortinet
Inc
....................................................
1,230
578
0.05%
Jack
Henry
&
Associates
Inc
.......................................
614
734
0.07%
Lam
Research
Corp
.............................................
135
905
0.08%
Leidos
Holdings,
Inc.
.............................................
1,855
1,673
0.15%
Manhattan
Associates
Inc
.........................................
4,282
7,372
0.66%
Micron
Technology
Inc
...........................................
707
573
0.05%
Microsoft
Corp
..................................................
388
1,124
0.10%
Monolithic
Power
Systems,
Inc.
....................................
2,408
11,224
1.00%
MSCI,
Inc.,
Class
A
..............................................
583
2,248
0.20%
Nemetschek
SE
................................................
1,645
1,121
0.10%
Paycom
Software,
Inc.
...........................................
2,245
3,074
0.27%
QUALCOMM
Inc
................................................
5,877
6,847
0.61%
Samsara
Inc,
Class
A
............................................
11,909
3,097
0.28%
ServiceNow
Inc
.................................................
340
1,783
0.16%
Tokyo
Electron
Ltd
...............................................
625
1,116
0.10%
UiPath
Inc,
Class
A
..............................................
44,282
6,907
0.62%
Zscaler,
Inc.
....................................................
845
1,120
0.10%
96,596
Utilities
AES
Corp.
(The)
................................................
76,623
9,453
0.85%
Canadian
Utilities
Ltd,
Class
A
.....................................
4,006
628
0.06%
CenterPoint
Energy
Inc
...........................................
2,995
587
0.05%
Centrica
PLC
...................................................
552,803
6,134
0.55%
NRG
Energy,
Inc.
...............................................
1,308
609
0.05%
RWE
AG
......................................................
5,673
1,327
0.12%
Sembcorp
Industries
Ltd
..........................................
94,037
2,589
0.23%
United
Utilities
Group
PLC
........................................
7,133
638
0.06%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
9
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Utilities
(continued)
Xcel
Energy
Inc
.................................................
1,587
$
587
0.05%
22,552
Total
.......................................................................
$
1,117,906
100.00%
*
The
following
table
shows
the
individual
positions
and
related
values
of
the
securities
within
the
BNP
Custom
Global
Short
Equity
Index
basket.
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
Basic
Materials
Agnico
Eagle
Mines
Ltd
..........................................
(5,589)
$
(3,090)
0.20%
Anglo
American
PLC
.............................................
(11,189)
(2,555)
0.17%
Antofagasta
PLC
................................................
(34,670)
(8,272)
0.55%
Barrick
Gold
Corp
...............................................
(52,611)
(8,113)
0.54%
Ecolab
Inc
.....................................................
(373)
(799)
0.05%
EMS-Chemie
Holding
AG
.........................................
(294)
(2,089)
0.14%
First
Quantum
Minerals
Ltd
........................................
(57,188)
(5,699)
0.38%
Freeport-McMoRan,
Inc.
..........................................
(2,916)
(1,270)
0.08%
Givaudan
SA
...................................................
(66)
(2,744)
0.18%
Ivanhoe
Mines
Ltd,
Class
A
........................................
(41,860)
(4,630)
0.31%
Kinross
Gold
Corp
...............................................
(17,975)
(1,022)
0.07%
Lundin
Mining
Corp
..............................................
(10,186)
(966)
0.06%
Mitsubishi
Chemical
Group
Corp
...................................
(146,003)
(8,217)
0.54%
Pan
American
Silver
Corp
.........................................
(12,088)
(1,689)
0.11%
Pilbara
Minerals
Ltd
.............................................
(212,421)
(4,917)
0.33%
South32
Ltd.
...................................................
(154,444)
(2,800)
0.19%
Westlake
Corp
..................................................
(659)
(933)
0.06%
(59,805)
Communications
Airbnb
Inc,
Class
A
..............................................
(2,442)
(3,732)
0.25%
Bollore
SE
.....................................................
(19,354)
(1,199)
0.08%
BT
Group
PLC,
Class
A
...........................................
(60,871)
(781)
0.05%
Delivery
Hero
SE,
144A
..........................................
(31,876)
(8,458)
0.56%
eBay
Inc
......................................................
(24,102)
(11,784)
0.78%
GEN
Digital,
Inc.
................................................
(17,674)
(3,667)
0.24%
Grab
Holdings
Ltd.,
Class
A
.......................................
(27,267)
(793)
0.05%
Hikari
Tsushin
Inc
...............................................
(1,682)
(2,917)
0.19%
Liberty
Global
Ltd
...............................................
(27,877)
(4,555)
0.30%
Liberty
Media
Corp-Liberty
Formula
One,
Class
C
......................
(11,625)
(7,064)
0.47%
Liberty
Media
Corp-Liberty
SiriusXM
................................
(8,175)
(2,250)
0.15%
Netflix,
Inc.
.....................................................
(398)
(2,238)
0.15%
Okta
Inc
.......................................................
(5,066)
(4,910)
0.32%
Paramount
Global,
Class
B
........................................
(8,022)
(875)
0.06%
Pearson
PLC
...................................................
(54,083)
(6,595)
0.44%
Prosus
NV
.....................................................
(2,662)
(774)
0.05%
Rakuten
Group
Inc
..............................................
(279,803)
(14,663)
0.97%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
10
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Communications
(continued)
Robinhood
Markets
Inc,
Class
A
....................................
(17,008)
$
(3,171)
0.21%
Sea
Ltd,
ADR
...................................................
(3,242)
(1,613)
0.11%
SEEK
Ltd
......................................................
(6,218)
(941)
0.06%
Snap
Inc,
Class
A
...............................................
(36,253)
(3,855)
0.25%
Softbank
Group
Corp.
............................................
(12,862)
(7,057)
0.47%
Swisscom
AG
..................................................
(2,071)
(11,740)
0.78%
Telecom
Italia
Spa/Milano
.........................................
(1,241,310)
(2,796)
0.18%
T-Mobile
US,
Inc.
................................................
(504)
(762)
0.05%
Trade
Desk
Inc/The,
Class
A
.......................................
(3,715)
(3,009)
0.20%
Vivendi
SE
.....................................................
(39,393)
(3,981)
0.26%
Walt
Disney
Co/The
.............................................
(696)
(789)
0.05%
Warner
Bros
Discovery
Inc
........................................
(193,550)
(15,652)
1.04%
Zillow
Group
Inc,
Class
C
.........................................
(17,641)
(7,971)
0.53%
(140,592)
Consumer,
Cyclical
Accor
SA
......................................................
(1,758)
(762)
0.05%
Air
Canada
....................................................
(5,838)
(784)
0.05%
Autozone,
Inc.
..................................................
(483)
(14,103)
0.93%
Caesars
Entertainment
Inc
........................................
(5,777)
(2,340)
0.16%
CarMax
Inc
....................................................
(18,778)
(15,152)
1.00%
Carnival
Corp.
..................................................
(7,796)
(1,180)
0.08%
Cie
Financiere
Richemont
SA,
Class
A
...............................
(562)
(795)
0.05%
Daiwa
House
Industry
Co
Ltd
......................................
(2,787)
(766)
0.05%
Dollar
General
Corp
.............................................
(9,151)
(13,228)
0.88%
Dr
Ing
hc
F
Porsche
AG,
Class
Preference,
144A
......................
(4,790)
(4,423)
0.29%
Ferguson
PLC
..................................................
(6,146)
(12,434)
0.82%
Lowe's
Cos
Inc
.................................................
(6,372)
(15,034)
0.99%
LVMH
Moet
Hennessy
Louis
Vuitt
...................................
(91)
(757)
0.05%
Moncler
SpA
...................................................
(1,122)
(777)
0.05%
Nitori
Holdings
Co
Ltd
............................................
(4,751)
(6,638)
0.44%
NVR,
Inc.
......................................................
(168)
(12,600)
0.83%
Reece
Ltd
.....................................................
(10,501)
(1,783)
0.12%
Renault
SA
....................................................
(1,625)
(761)
0.05%
Restaurant
Brands
Internationa
....................................
(13,345)
(9,825)
0.65%
Rivian
Automotive
Inc,
Class
A
.....................................
(38,895)
(3,945)
0.26%
Royal
Caribbean
Cruises
Ltd
......................................
(1,375)
(1,770)
0.12%
Sekisui
Chemical
Co.
Ltd.
.........................................
(16,821)
(2,274)
0.15%
Shimano
Inc
...................................................
(588)
(813)
0.05%
Suzuki
Motor
Corp
..............................................
(99,247)
(10,457)
0.69%
Swatch
Group
AG
(The)
..........................................
(3,701)
(7,969)
0.53%
Swatch
Group
AG/The
...........................................
(1,848)
(777)
0.05%
Volkswagen
AG
.................................................
(1,132)
(1,603)
0.11%
Volvo
Car
AB,
Class
B
............................................
(105,645)
(3,714)
0.25%
Walmart
Inc
....................................................
(3,385)
(1,886)
0.13%
Zalando
SE,
144A
...............................................
(27,572)
(7,309)
0.48%
(156,659)
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
11
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Non-cyclical
Abbott
Laboratories
..............................................
(1,339)
$
(1,410)
0.09%
Aeon
Co
Ltd
...................................................
(26,657)
(5,849)
0.39%
Alcon
Inc
......................................................
(18,884)
(14,512)
0.96%
Alnylam
Pharmaceuticals
Inc
......................................
(3,284)
(4,547)
0.30%
Altria
Group,
Inc.
................................................
(4,159)
(1,680)
0.11%
Anheuser-Busch
InBev
SA/NV
.....................................
(26,871)
(15,181)
1.00%
Argenx
SE
.....................................................
(1,274)
(4,666)
0.31%
Avantor
Inc
....................................................
(18,659)
(4,420)
0.29%
Bachem
Holding
AG,
Class
B
......................................
(2,201)
(1,955)
0.13%
Bayer
AG
......................................................
(43,844)
(12,473)
0.83%
Becton
Dickinson
&
Co
...........................................
(1,476)
(3,383)
0.22%
Biogen,
Inc.
....................................................
(1,418)
(2,833)
0.19%
Block,
Inc.
.....................................................
(971)
(761)
0.05%
Bureau
Veritas
SA
...............................................
(3,804)
(1,076)
0.07%
Campbell
Soup
Co.
..............................................
(16,870)
(6,946)
0.46%
Carl
Zeiss
Meditec
AG
...........................................
(1,714)
(1,987)
0.13%
Celsius
Holdings
Inc
.............................................
(4,498)
(3,455)
0.23%
Charles
River
Laboratories
International
Inc
..........................
(6,098)
(15,304)
1.01%
Chocoladefabriken
Lindt
&
Spru
....................................
(25)
(2,788)
0.18%
Church
&
Dwight
Co
Inc
..........................................
(3,660)
(3,537)
0.23%
Cooper
Cos.,
Inc.
(The)
...........................................
(1,314)
(1,235)
0.08%
Corpay
Inc
.....................................................
(1,957)
(5,593)
0.37%
CoStar
Group
Inc
...............................................
(16,618)
(14,870)
0.98%
Danaher
Corp.
..................................................
(3,908)
(9,040)
0.60%
Davide
Campari-Milano
NV
.......................................
(73,288)
(6,831)
0.45%
DiaSorin
SpA
...................................................
(3,640)
(3,260)
0.22%
Edwards
Lifesciences
Corp.
.......................................
(873)
(773)
0.05%
Eisai
Co
Ltd
....................................................
(37,865)
(14,444)
0.96%
Endeavour
Group
Ltd/Australia
.....................................
(95,134)
(3,168)
0.21%
Essilorluxottica
SA
...............................................
(2,390)
(5,015)
0.33%
Exact
Sciences
Corp
.............................................
(10,529)
(6,735)
0.45%
Fresenius
Medical
Care
AG
.......................................
(2,157)
(769)
0.05%
Fresenius
SE
&
Co
KGaA
.........................................
(28,702)
(7,180)
0.48%
FUJIFILM
Holdings
Corp
..........................................
(38,542)
(7,994)
0.53%
Grifols
SA
.....................................................
(35,357)
(2,950)
0.20%
Haleon
PLC
....................................................
(242,442)
(9,450)
0.63%
HCA
Healthcare
Inc
..............................................
(251)
(775)
0.05%
Heineken
Holding
NV
............................................
(2,368)
(1,773)
0.12%
Hikma
Pharmaceuticals
PLC
......................................
(16,184)
(3,633)
0.24%
Hormel
Foods
Corp
..............................................
(47,017)
(15,195)
1.01%
Illumina
Inc
....................................................
(2,159)
(2,747)
0.18%
Ipsen
SA
......................................................
(1,791)
(1,977)
0.13%
IQVIA
Holdings,
Inc.
.............................................
(460)
(1,077)
0.07%
Keurig
Dr
Pepper
Inc
.............................................
(52,626)
(14,951)
0.99%
Kraft
Heinz
Co/The
..............................................
(11,808)
(4,036)
0.27%
Kyowa
Kirin
Co.
Ltd.
.............................................
(6,036)
(1,003)
0.07%
L'Oreal
SA
.....................................................
(173)
(759)
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
12
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Non-cyclical
(continued)
McCormick
&
Co
Inc/MD
..........................................
(1,820)
$
(1,295)
0.09%
Merck
KGaA
...................................................
(6,981)
(11,428)
0.76%
Moderna
Inc
...................................................
(9,182)
(9,063)
0.60%
Molson
Coors
Beverage
Co,
Class
B
................................
(18,811)
(11,718)
0.78%
Mondelez
International
Inc,
Class
A
.................................
(2,248)
(1,458)
0.10%
Novartis
AG
....................................................
(858)
(771)
0.05%
Ocado
Group
PLC
...............................................
(57,334)
(3,053)
0.20%
Otsuka
Holdings
Co
Ltd
..........................................
(28,859)
(11,079)
0.73%
Pernod
Ricard
SA
...............................................
(4,360)
(6,542)
0.43%
Procter
&
Gamble
Co.
(The)
.......................................
(2,174)
(3,268)
0.22%
RB
Global
Inc
..................................................
(3,270)
(2,309)
0.15%
Recordati
Industria
Chimica
e
......................................
(2,167)
(1,111)
0.07%
Remy
Cointreau
SA
..............................................
(2,325)
(2,174)
0.14%
Rentokil
Initial
PLC
..............................................
(25,440)
(1,404)
0.09%
Repligen
Corp
..................................................
(2,303)
(3,924)
0.26%
Revvity
Inc
.....................................................
(2,690)
(2,616)
0.17%
Roche
Holding
AG
...............................................
(361)
(902)
0.06%
Royalty
Pharma
PLC,
Class
A
.....................................
(2,741)
(771)
0.05%
Sartorius
Stedim
Biotech
..........................................
(1,169)
(3,092)
0.21%
Seven
&
i
Holdings
Co
Ltd
........................................
(5,914)
(797)
0.05%
Shionogi
&
Co.
Ltd.
..............................................
(15,710)
(7,437)
0.49%
STERIS
PLC
...................................................
(3,775)
(7,861)
0.52%
Takeda
Pharmaceutical
Co
Ltd
.....................................
(51,345)
(13,212)
0.87%
Teleflex
Inc
....................................................
(1,425)
(2,985)
0.20%
Terumo
Corp
...................................................
(12,485)
(2,109)
0.14%
Toast
Inc,
Class
A
...............................................
(55,675)
(12,852)
0.85%
TransUnion
....................................................
(20,501)
(15,154)
1.00%
Transurban
Group
...............................................
(10,940)
(881)
0.06%
UCB
SA
.......................................................
(7,358)
(8,423)
0.56%
U-Haul
Holding
Co,
Class
B
.......................................
(2,516)
(1,554)
0.10%
Viatris
Inc
......................................................
(18,188)
(2,012)
0.13%
Waters
Corp
...................................................
(371)
(1,183)
0.08%
Wise
PLC,
Class
A
..............................................
(26,654)
(2,896)
0.19%
Worldline
SA/France,
144A
........................................
(6,706)
(770)
0.05%
(414,100)
Energy
AltaGas
Ltd,
Class
Common
Subs.
Receipt
...........................
(3,810)
(780)
0.05%
Cenovus
Energy
Inc
.............................................
(68,536)
(12,703)
0.84%
Chesapeake
Energy
Corp
.........................................
(3,922)
(3,227)
0.21%
Enbridge
Inc
...................................................
(23,313)
(7,811)
0.52%
EQT
Corp
.....................................................
(4,676)
(1,606)
0.11%
Exxon
Mobil
Corp
...............................................
(718)
(773)
0.05%
First
Solar
Inc
..................................................
(836)
(1,306)
0.09%
Galp
Energia
SGPS
SA
...........................................
(41,914)
(6,423)
0.42%
Kinder
Morgan
Inc
...............................................
(90,093)
(15,306)
1.01%
Occidental
Petroleum
Corp.
.......................................
(8,705)
(5,241)
0.35%
Phillips
66
.....................................................
(1,220)
(1,845)
0.12%
Santos
Ltd
.....................................................
(192,312)
(9,007)
0.60%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
13
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Energy
(continued)
Teck
Resources
Ltd.,
Class
B
......................................
(24,839)
$
(10,541)
0.70%
Valero
Energy
Corp
..............................................
(7,843)
(12,400)
0.82%
Williams
Cos.,
Inc.
(The)
..........................................
(42,437)
(15,319)
1.01%
(104,288)
Financial
Admiral
Group
PLC
..............................................
(8,336)
(2,768)
0.18%
AIB
Group
PLC
.................................................
(16,658)
(784)
0.05%
AvalonBay
Communities,
Inc.
......................................
(8,920)
(15,332)
1.01%
Banco
Santander
SA
.............................................
(27,437)
(1,241)
0.08%
Banque
Cantonale
Vaudoise
......................................
(1,145)
(1,233)
0.08%
CaixaBank
SA
..................................................
(17,511)
(787)
0.05%
Charles
Schwab
Corp/The
........................................
(1,509)
(1,011)
0.07%
Citigroup
Inc
...................................................
(1,843)
(1,080)
0.07%
Coinbase
Global
Inc,
Class
A
......................................
(1,196)
(2,937)
0.19%
Commerzbank
AG
...............................................
(13,803)
(1,758)
0.12%
Commonwealth
Bank
of
Australia
...................................
(1,169)
(850)
0.06%
Concordia
Financial
Group
Ltd
.....................................
(38,239)
(1,777)
0.12%
Deutsche
Bank
AG
..............................................
(7,655)
(1,117)
0.07%
Equity
Residential
...............................................
(1,406)
(822)
0.05%
Essex
Property
Trust
Inc
..........................................
(6,771)
(15,354)
1.02%
Eurazeo
SE
....................................................
(2,704)
(2,198)
0.15%
Extra
Space
Storage
Inc
..........................................
(11,450)
(15,591)
1.03%
Gaming
and
Leisure
Properties
....................................
(15,404)
(6,574)
0.44%
Hang
Seng
Bank
Ltd
.............................................
(38,288)
(3,882)
0.26%
Helvetia
Holding
AG
.............................................
(1,602)
(2,047)
0.14%
Intercontinental
Exchange,
Inc.
.....................................
(3,467)
(4,414)
0.29%
Iron
Mountain
Inc
...............................................
(20,664)
(15,353)
1.02%
Japan
Post
Insurance
Co
Ltd
......................................
(18,575)
(3,286)
0.22%
KKR
&
Co
Inc,
Class
Miscellaneous
.................................
(835)
(778)
0.05%
Klepierre
SA
...................................................
(3,194)
(767)
0.05%
Leg
Immobilien
Se
..............................................
(4,099)
(3,264)
0.22%
Mediobanca
Banca
di
Credito
Finanziario
SpA
........................
(64,759)
(8,949)
0.59%
MS&AD
Insurance
Group
Holdings,
Inc.
.............................
(40,898)
(6,671)
0.44%
National
Bank
of
Canada
.........................................
(2,984)
(2,330)
0.15%
ProLogis,
Inc.
..................................................
(1,257)
(1,516)
0.10%
Realty
Income
Corp
.............................................
(1,570)
(787)
0.05%
SBI
Holdings
Inc
................................................
(5,080)
(1,230)
0.08%
Sumitomo
Realty
&
Development
Co
Ltd
.............................
(8,057)
(2,770)
0.18%
Swiss
Prime
Site
AG
.............................................
(1,979)
(1,731)
0.12%
Swiss
Re
AG
...................................................
(7,780)
(9,275)
0.61%
T
Rowe
Price
Group
Inc
..........................................
(13,491)
(15,236)
1.01%
Talanx
AG
.....................................................
(3,005)
(2,207)
0.15%
UBS
Group
AG
.................................................
(3,970)
(1,132)
0.08%
Vicinity
Ltd
.....................................................
(229,380)
(2,953)
0.20%
Vonovia
SE
....................................................
(41,529)
(11,386)
0.75%
Warehouses
De
Pauw
CVA
.......................................
(3,074)
(814)
0.05%
Washington
H
Soul
Pattinson
&
Co
Ltd
..............................
(3,768)
(766)
0.05%
Weyerhaeuser
Co,
Class
REIT
.....................................
(2,333)
(776)
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
14
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Financial
(continued)
Wharf
Real
Estate
Investment
Co.
Ltd.
..............................
(102,515)
$
(3,088)
0.20%
WP
Carey
Inc
..................................................
(13,162)
(6,881)
0.46%
(187,503)
Industrial
Acciona
SA
....................................................
(3,020)
(3,410)
0.23%
ACS
Actividades
de
Construccion
y
Servicios
SA
......................
(13,643)
(5,294)
0.35%
Aeroports
de
Paris
SA
............................................
(1,912)
(2,432)
0.16%
Alstom
SA
.....................................................
(44,687)
(6,318)
0.42%
Axon
Enterprise
Inc
..............................................
(5,084)
(14,735)
0.97%
Ball
Corp
......................................................
(24,325)
(15,178)
1.00%
Bouygues
SA
...................................................
(5,463)
(2,068)
0.14%
Brother
Industries
Ltd
............................................
(12,813)
(2,196)
0.15%
CAE
Inc
.......................................................
(3,989)
(764)
0.05%
Canadian
Pacific
Kansas
City
Ltd.
..................................
(1,925)
(1,573)
0.10%
Cellnex
Telecom
SA,
144A
........................................
(27,346)
(8,967)
0.59%
Central
Japan
Railway
Co.
........................................
(14,138)
(3,247)
0.22%
CK
Infrastructure
Holdings
Ltd
.....................................
(15,163)
(822)
0.05%
Getlink
SE
.....................................................
(4,743)
(749)
0.05%
GFL
Environmental
Inc
...........................................
(4,765)
(1,524)
0.10%
Hankyu
Hanshin
Holdings
Inc
......................................
(10,002)
(2,653)
0.18%
Heidelberg
Materials
AG
..........................................
(6,692)
(6,827)
0.45%
Knorr-Bremse
AG
...............................................
(1,198)
(840)
0.06%
Kuehne
+
Nagel
International
A
....................................
(2,272)
(5,864)
0.39%
Leonardo
SpA
..................................................
(4,832)
(1,126)
0.07%
Martin
Marietta
Materials,
Inc.
......................................
(2,661)
(15,131)
1.00%
Metso
Oyj
.....................................................
(34,755)
(3,827)
0.25%
Mitsubishi
Electric
Corp
...........................................
(12,021)
(1,856)
0.12%
Mitsubishi
Heavy
Industries
Lt
.....................................
(10,684)
(893)
0.06%
Obayashi
Corp.
.................................................
(27,899)
(3,063)
0.20%
Odakyu
Electric
Railway
Co
Ltd
....................................
(20,083)
(2,559)
0.17%
Prysmian
SpA
..................................................
(1,566)
(758)
0.05%
Sartorius
AG
...................................................
(1,157)
(4,268)
0.28%
Schindler
Holding
AG
............................................
(514)
(1,162)
0.08%
Siemens
Energy
AG
.............................................
(44,402)
(7,555)
0.50%
Sika
AG
.......................................................
(275)
(759)
0.05%
Teledyne
Technologies
Inc
........................................
(3,823)
(15,205)
1.01%
Tenaris
SA
.....................................................
(11,986)
(2,197)
0.15%
Tokyu
Corp
....................................................
(8,432)
(949)
0.06%
Toro
Co.
(The)
..................................................
(9,899)
(8,402)
0.56%
TransDigm
Group
Inc
............................................
(633)
(7,225)
0.48%
Trimble,
Inc.
....................................................
(4,886)
(2,913)
0.19%
West
Japan
Railway
Co
..........................................
(34,001)
(6,557)
0.43%
(171,866)
Technology
Advanced
Micro
Devices,
Inc.
......................................
(1,178)
(1,969)
0.13%
Advantest
Corp
.................................................
(6,954)
(2,850)
0.19%
ANSYS,
Inc.
...................................................
(4,624)
(14,870)
0.98%
Aspen
Technology
Inc
............................................
(775)
(1,531)
0.10%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
15
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Technology
(continued)
Autodesk,
Inc.
..................................................
(4,211)
$
(10,159)
0.67%
Bentley
Systems
Inc,
Class
B
......................................
(25,957)
(12,556)
0.83%
Capcom
Co
Ltd
.................................................
(57,650)
(9,974)
0.66%
Capgemini
SE
..................................................
(1,043)
(2,227)
0.15%
Ceridian
Hcm
Holding,
Inc.
........................................
(6,955)
(4,266)
0.28%
CGI
Inc,
Class
A
................................................
(7,362)
(7,530)
0.50%
Fujitsu
Ltd
.....................................................
(5,074)
(751)
0.05%
Hewlett
Packard
Enterprise
Co
.....................................
(91,790)
(15,075)
1.00%
HP,
Inc.
.......................................................
(6,872)
(1,924)
0.13%
Infineon
Technologies
AG
.........................................
(18,811)
(5,932)
0.39%
Lasertec
Corp
..................................................
(1,881)
(4,944)
0.33%
Lattice
Semiconductor
Corp
.......................................
(1,075)
(779)
0.05%
Microchip
Technology
Inc
.........................................
(2,957)
(2,457)
0.16%
NEC
Corp
.....................................................
(7,754)
(5,228)
0.35%
Netapp,
Inc.
....................................................
(4,510)
(4,386)
0.29%
Nexon
Co
Ltd
..................................................
(7,356)
(1,130)
0.07%
NTT
Data
Group
Corp
............................................
(40,239)
(5,899)
0.39%
Oracle
Corp
....................................................
(10,493)
(12,209)
0.81%
Ricoh
Co
Ltd
...................................................
(53,246)
(4,373)
0.29%
ROBLOX
Corp,
Class
A
..........................................
(2,204)
(779)
0.05%
Seiko
Epson
Corp
...............................................
(34,395)
(5,548)
0.37%
Synopsys,
Inc.
..................................................
(2,756)
(14,592)
0.97%
Take-Two
Interactive
Software,Inc.
..................................
(10,980)
(15,102)
1.00%
Temenos
AG
...................................................
(4,442)
(2,945)
0.19%
Texas
Instruments,
Inc.
...........................................
(4,351)
(7,021)
0.46%
Unity
Software
Inc
...............................................
(4,968)
(1,229)
0.08%
Veeva
Systems,
Inc.,
Class
A
......................................
(352)
(756)
0.05%
Xero
Ltd
.......................................................
(11,235)
(9,051)
0.60%
Zebra
Technologies
Corp,
Class
A
..................................
(4,171)
(11,647)
0.77%
Zoom
Video
Communications,
Inc.,
Class
A
...........................
(5,187)
(3,141)
0.21%
(204,830)
Utilities
BKW
AG
......................................................
(555)
(790)
0.05%
Brookfield
Renewable
Corp,
Class
A
................................
(6,425)
(1,462)
0.10%
Chubu
Electric
Power
Co
Inc
......................................
(6,230)
(753)
0.05%
CLP
Holdings
Ltd
...............................................
(65,641)
(4,844)
0.32%
Dominion
Energy
Inc
.............................................
(24,104)
(10,983)
0.73%
EDP
-
Energias
de
Portugal
SA
....................................
(107,217)
(3,873)
0.26%
EDP
Renovaveis
SA
.............................................
(23,293)
(2,924)
0.19%
Elia
Group
SA/NV
...............................................
(1,709)
(1,710)
0.11%
Endesa
SA
.....................................................
(9,118)
(1,566)
0.10%
Essential
Utilities
Inc
.............................................
(11,790)
(4,046)
0.27%
Hong
Kong
&
China
Gas
Co
Ltd
....................................
(352,842)
(2,477)
0.16%
Hydro
One
Ltd.,
144A
............................................
(2,909)
(786)
0.05%
Iberdrola
SA
....................................................
(11,587)
(1,333)
0.09%
Kansai
Electric
Power
Co
Inc/T
....................................
(83,915)
(11,040)
0.73%
Meridian
Energy
Ltd
.............................................
(26,087)
(854)
0.06%
Northland
Power
Inc
.............................................
(5,193)
(787)
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
16
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Utilities
(continued)
Osaka
Gas
Co
Ltd
...............................................
(4,182)
$
(870)
0.06%
PG&E
Corp.
....................................................
(8,047)
(1,249)
0.08%
Power
Assets
Holdings
Ltd
........................................
(19,199)
(1,041)
0.07%
Public
Service
Enterprise
Group
Inc
.................................
(1,286)
(795)
0.05%
Redeia
Corp
SA
................................................
(6,839)
(1,082)
0.07%
Southern
Co.
(The)
..............................................
(17,394)
(11,559)
0.77%
Terna
-
Rete
Elettrica
Naziona
.....................................
(12,026)
(922)
0.06%
Verbund
AG
....................................................
(4,330)
(2,935)
0.19%
Vistra
Corp
....................................................
(1,813)
(1,170)
0.08%
(71,851)
Total
.......................................................................
$
(1,511,494)
100.00%
*
The
following
table
shows
the
individual
positions
and
related
values
of
the
securities
within
the
Goldman
Sachs
Custom
Global
Long
Equity
Index
basket.
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
Basic
Materials
Air
Liquide
SA
..................................................
2,021
$
1,649
0.26%
Albemarle
Corp.
................................................
1,419
732
0.11%
BHP
Group
Ltd
.................................................
4,141
468
0.07%
BlueScope
Steel
Ltd
.............................................
42,112
2,566
0.40%
Boliden
AB
.....................................................
19,612
2,135
0.33%
Brenntag
SE
...................................................
5,130
1,695
0.27%
Cleveland-Cliffs
Inc
..............................................
35,588
3,169
0.50%
Covestro
AG,
144A
..............................................
1,683
361
0.06%
Eastman
Chemical
Co
...........................................
2,073
813
0.13%
Glencore
PLC
..................................................
47,566
1,024
0.16%
Holmen
AB,
Class
B
.............................................
4,207
671
0.11%
International
Paper
Co
...........................................
2,030
310
0.05%
Mosaic
Co/The
.................................................
6,492
825
0.13%
Nissan
Chemical
Corp
...........................................
2,905
430
0.07%
Norsk
Hydro
ASA
...............................................
87,022
1,866
0.29%
Novozymes
A/S,
Class
B
.........................................
14,479
3,328
0.52%
Rio
Tinto
Ltd
...................................................
16,091
5,006
0.78%
Rio
Tinto
PLC
..................................................
25,408
6,307
0.99%
Sumitomo
Metal
Mining
Co
Ltd
.....................................
47,383
5,498
0.86%
voestalpine
AG
.................................................
3,234
356
0.06%
Yara
International
ASA
...........................................
17,752
2,198
0.34%
41,407
Communications
Elisa
Oyj
......................................................
2,527
442
0.07%
Expedia
Group
Inc
..............................................
1,867
1,007
0.16%
FactSet
Research
Systems,
Inc.
....................................
189
336
0.05%
Juniper
Networks
Inc
.............................................
14,867
2,158
0.34%
KDDI
Corp
.....................................................
19,599
2,266
0.36%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
17
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Communications
(continued)
Koninklijke
KPN
NV
..............................................
203,981
$
2,991
0.47%
Meta
Platforms
Inc,
Class
A
.......................................
2,234
4,248
0.67%
News
Corp,
Class
A
.............................................
45,350
4,650
0.73%
Nippon
Telegraph
&
Telephone
C
...................................
183,884
857
0.13%
Pinterest
Inc,
Class
A
............................................
2,353
320
0.05%
Rogers
Communications
Inc,
Class
B
...............................
2,815
452
0.07%
Spark
New
Zealand
Ltd.
..........................................
28,256
315
0.05%
Tele2
AB,
Class
B
...............................................
56,482
1,818
0.29%
Telefonaktiebolaget
LM
Ericsson,
Class
B
............................
17,833
377
0.06%
Telenor
ASA
....................................................
29,740
1,297
0.20%
Trend
Micro
Inc/Japan
...........................................
20,580
4,083
0.64%
VeriSign
Inc
....................................................
8,482
6,295
0.99%
Vodafone
Group
PLC
............................................
96,971
338
0.05%
Wolters
Kluwer
NV
..............................................
10,289
6,320
0.99%
WPP
PLC
.....................................................
27,895
1,040
0.16%
41,610
Consumer,
Cyclical
adidas
AG
.....................................................
5,695
4,987
0.78%
Aristocrat
Leisure
Ltd.
............................................
21,618
2,375
0.37%
Bandai
Namco
Holdings
Inc
.......................................
10,568
765
0.12%
BorgWarner
Inc
.................................................
2,602
354
0.06%
Burlington
Stores
Inc
.............................................
372
338
0.05%
Canadian
Tire
Corp
Ltd,
Class
A
....................................
851
333
0.05%
Chipotle
Mexican
Grill
Inc,
Class
A
..................................
138
1,574
0.25%
Darden
Restaurants
Inc
..........................................
4,041
2,645
0.42%
Deckers
Outdoor
Corp
...........................................
275
1,015
0.16%
Dick's
Sporting
Goods,
Inc.
........................................
667
588
0.09%
Evolution
AB,
144A
..............................................
6,413
3,125
0.49%
Ferrari
NV
.....................................................
1,094
1,870
0.29%
Genuine
Parts
Co
...............................................
1,529
928
0.15%
Gildan
Activewear,
Inc.,
Class
A
....................................
2,187
318
0.05%
H
&
M
Hennes
&
Mauritz
AB,
Class
B
...............................
33,754
2,158
0.34%
Hasbro,
Inc.
....................................................
3,220
713
0.11%
Hilton
Worldwide
Holdings
Inc
.....................................
2,597
2,169
0.34%
Iida
Group
Holdings
Co
Ltd
........................................
12,360
624
0.10%
InterContinental
Hotels
Group
.....................................
832
339
0.05%
Isuzu
Motors
Ltd.
................................................
94,357
4,980
0.78%
Jardine
Cycle
&
Carriage
Ltd
......................................
11,490
806
0.13%
Koito
Manufacturing
Co.
Ltd.
......................................
63,359
3,337
0.52%
La
Francaise
des
Jeux
SAEM,
144A
................................
3,990
638
0.10%
Lear
Corp.
.....................................................
11,178
6,342
0.99%
Lennar
Corp,
Class
A
............................................
7,478
5,037
0.79%
Lululemon
Athletica
Inc
...........................................
2,258
3,454
0.54%
Mazda
Motor
Corp
..............................................
14,974
683
0.11%
McDonald's
Corp
................................................
925
1,021
0.16%
McDonald's
Holdings
Co
Japan
Ltd
.................................
1,815
320
0.05%
NIKE
Inc,
Class
B
...............................................
1,095
403
0.06%
Nintendo
Co
Ltd
................................................
9,133
1,952
0.31%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
18
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Cyclical
(continued)
Panasonic
Holdings
Corp
.........................................
168,325
$
6,267
0.98%
Pandora
A/S
...................................................
3,530
2,231
0.35%
Persimmon
PLC
................................................
36,625
2,385
0.37%
Rational
AG
....................................................
198
671
0.11%
Ross
Stores,
Inc.
................................................
10,948
6,292
0.99%
Sands
China
Ltd.
................................................
269,326
2,972
0.47%
Sekisui
House
Ltd.
..............................................
61,219
5,441
0.85%
Sumitomo
Corp
.................................................
19,771
1,857
0.29%
Taylor
Wimpey
PLC
..............................................
46,695
317
0.05%
TJX
Cos
Inc/The
................................................
16,083
6,388
1.00%
USS
Co
Ltd
....................................................
30,916
1,000
0.16%
Volvo
AB,
Class
B
...............................................
4,568
485
0.08%
Whitbread
PLC
.................................................
1,950
320
0.05%
Wynn
Resorts
Ltd
...............................................
1,353
542
0.09%
Yamaha
Motor
Co
Ltd
............................................
9,426
339
0.05%
Zensho
Holdings
Co
Ltd
..........................................
12,117
1,974
0.31%
95,672
Consumer,
Non-cyclical
Adyen
NV,
144A
................................................
334
2,217
0.35%
Booz
Allen
Hamilton
Holding
Corp.,
Class
A
...........................
2,424
1,409
0.22%
Cardinal
Health
Inc
..............................................
10,722
4,699
0.74%
Carlsberg
AS,
Class
B
............................................
5,012
2,683
0.42%
Ck
Hutchison
Holdings
Ltd.
........................................
112,344
2,125
0.33%
Clorox
Co/The
..................................................
8,827
5,293
0.83%
Coca-Cola
Co.
(The)
.............................................
1,367
328
0.05%
Cochlear
Ltd
...................................................
3,624
3,125
0.49%
Coloplast
A/S,
Class
B
...........................................
601
318
0.05%
Corteva
Inc
....................................................
7,559
1,707
0.27%
Darling
Ingredients
Inc
...........................................
7,352
1,339
0.21%
Demant
A/S
....................................................
3,481
677
0.11%
Dexcom,
Inc.
...................................................
10,798
5,865
0.92%
Diageo
PLC
....................................................
2,222
322
0.05%
Edenred
SE
....................................................
15,149
3,170
0.50%
Elevance
Health
Inc
.............................................
992
2,014
0.32%
Essity
AB,
Class
B
...............................................
31,213
2,906
0.46%
Experian
PLC
..................................................
1,969
336
0.05%
Gartner
Inc
....................................................
289
539
0.08%
General
Mills,
Inc.
...............................................
1,278
350
0.05%
Genmab
A/S
...................................................
3,305
3,907
0.61%
Getinge
AB,
Class
B
.............................................
18,778
1,481
0.23%
Henkel
AG
&
Co
KGaA
...........................................
1,568
494
0.08%
Hershey
Co.
(The)
...............................................
426
324
0.05%
Hologic
Inc
.....................................................
11,650
3,557
0.56%
Humana,
Inc.
...................................................
687
932
0.15%
IDP
Education
Ltd
...............................................
45,920
2,102
0.33%
Imperial
Brands
PLC
.............................................
3,942
345
0.05%
Lamb
Weston
Holdings,
Inc.
.......................................
5,978
2,494
0.39%
Lifco
AB,
Class
B
................................................
5,912
605
0.10%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
19
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Non-cyclical
(continued)
MEIJI
Holdings
Co
Ltd
...........................................
3,584
$
306
0.05%
Molina
Healthcare,
Inc.
...........................................
684
1,101
0.17%
Mowi
ASA
.....................................................
16,801
1,207
0.19%
Nissin
Foods
Holdings
Co
Ltd
......................................
31,024
3,348
0.53%
Novo
Nordisk
A/S,
Class
B
........................................
3,297
1,648
0.26%
Ono
Pharmaceutical
Co
Ltd
.......................................
54,680
3,506
0.55%
Orion
Oyj,
Class
B
...............................................
5,866
858
0.13%
Orkla
ASA
.....................................................
24,086
666
0.10%
RELX
PLC
.....................................................
3,341
566
0.09%
ResMed
Inc
....................................................
1,319
1,023
0.16%
Robert
Half
Inc
.................................................
11,525
3,578
0.56%
S&P
Global
Inc
.................................................
208
347
0.05%
Sonic
Healthcare
Ltd
.............................................
7,572
569
0.09%
Sysco
Corp
....................................................
1,009
321
0.05%
Sysmex
Corp
...................................................
4,624
322
0.05%
Tesco
PLC
.....................................................
22,231
326
0.05%
Unicharm
Corp.
.................................................
31,944
3,984
0.62%
Verisk
Analytics
Inc,
Class
A
.......................................
6,961
6,427
1.01%
Vertex
Pharmaceuticals
Inc
.......................................
1,597
2,614
0.41%
90,380
Energy
Aker
BP
ASA
...................................................
15,434
1,504
0.24%
ARC
Resources
Ltd
.............................................
5,151
360
0.06%
Devon
Energy
Corp
..............................................
14,383
2,827
0.44%
Enphase
Energy
Inc
.............................................
733
347
0.06%
Equinor
ASA
...................................................
40,810
4,220
0.66%
Hess
Corp
.....................................................
9,095
5,437
0.85%
Inpex
Corp
.....................................................
19,535
1,163
0.18%
Texas
Pacific
Land
Corp
..........................................
1,179
2,672
0.42%
Vestas
Wind
Systems
A/S
.........................................
43,111
4,719
0.74%
23,249
Financial
abrdn
plc
......................................................
53,769
375
0.06%
Aegon
Ltd
.....................................................
167,171
3,996
0.63%
Allianz
SE
.....................................................
5,418
6,367
1.00%
Allstate
Corp.
(The)
..............................................
5,448
3,691
0.58%
American
Financial
Group
,Inc.
.....................................
7,314
3,909
0.61%
American
International
Group
I
.....................................
2,492
763
0.12%
Ameriprise
Financial
Inc
..........................................
3,745
6,431
1.01%
Aon
PLC,
Class
A
...............................................
1,828
2,388
0.38%
Arch
Capital
Group
Ltd
...........................................
2,200
796
0.13%
Arthur
J
Gallagher
&
Co.
..........................................
1,544
1,512
0.24%
Assurant,
Inc.
..................................................
1,733
1,277
0.20%
Bank
of
New
York
Mellon
Corp.
(The)
...............................
9,241
2,085
0.33%
Boston
Properties
Inc
............................................
13,633
3,487
0.55%
Brookfield
Corp,
Class
A
..........................................
22,710
3,725
0.58%
Canadian
Apartment
Properties,
Class
REIT
..........................
2,510
338
0.05%
CapitaLand
Ascendas
REIT
.......................................
104,967
844
0.13%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
20
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Financial
(continued)
Cboe
Global
Markets,
Inc.
........................................
1,799
$
1,294
0.20%
Cincinnati
Financial
Corp.
.........................................
707
344
0.05%
Citizens
Financial
Group,
Inc.
......................................
18,621
2,646
0.42%
CK
Asset
Holdings
Ltd
...........................................
86,563
1,395
0.22%
Danske
Bank
A/S
...............................................
2,720
319
0.05%
Dexus
........................................................
16,513
334
0.05%
Discover
Financial
Services
.......................................
4,379
2,248
0.35%
DNB
Bank
ASA
.................................................
33,066
2,568
0.40%
Equitable
Holdings
Inc
...........................................
43,182
6,428
1.01%
Equity
LifeStyle
Properties,
Inc.
....................................
1,568
395
0.06%
Everest
Group
Ltd
...............................................
1,065
1,658
0.26%
Fairfax
Financial
Holdings
Ltd.
.....................................
76
320
0.05%
Gjensidige
Forsikring
ASA
........................................
5,882
334
0.05%
Globe
Life
Inc
..................................................
13,881
6,326
0.99%
GLP
J-Reit,
Class
REIT
..........................................
668
2,194
0.34%
Great-West
Lifeco
Inc
............................................
5,180
649
0.10%
Hargreaves
Lansdown
PLC
.......................................
9,152
333
0.05%
Hartford
Financial
Services
Group
,Inc.(The)
..........................
16,053
6,479
1.02%
iA
Financial
Corp
Inc
.............................................
5,137
1,251
0.20%
Industrivarden
AB,
Class
A
........................................
2,780
375
0.06%
Industrivarden
AB,
Class
C
........................................
3,761
507
0.08%
Intact
Financial
Corp
.............................................
3,845
2,448
0.38%
Investor
AB,
Class
B
.............................................
3,460
340
0.05%
Japan
Exchange
Group
Inc
.......................................
12,110
1,280
0.20%
Japan
Metropolitan
Fund
Invest,
Class
REIT
..........................
719
1,755
0.28%
KDX
Realty
Investment
Corp,
Class
REIT
............................
78
325
0.05%
KeyCorp
......................................................
77,246
4,783
0.75%
L
E
Lundbergforetagen
AB,
Class
B
.................................
1,904
404
0.06%
Land
Securities
Group
PLC
.......................................
10,974
357
0.06%
Legal
&
General
Group
PLC
.......................................
211,463
2,661
0.42%
LPL
Financial
Holdings
Inc
........................................
540
559
0.09%
Manulife
Financial
Corp,
Class
Common
Subs.
Receipt
.................
66,550
6,515
1.02%
Marsh
&
McLennan
Cos
Inc
.......................................
405
327
0.05%
Mastercard
Inc,
Class
A
..........................................
3,392
6,397
1.00%
MetLife
Inc
.....................................................
17,409
5,053
0.79%
Northern
Trust
Corp.
.............................................
1,454
506
0.08%
Phoenix
Group
Holdings
PLC
......................................
25,056
685
0.11%
Power
Corp
of
Canada
...........................................
3,041
334
0.05%
Principal
Financial
Group
Inc
......................................
19,129
6,466
1.01%
Progressive
Corp/The
............................................
3,703
2,999
0.47%
Raymond
James
Financial,
Inc.
....................................
5,204
2,617
0.41%
RioCan
Real
Estate
Investment,
Class
Trust
Unit
......................
18,523
990
0.16%
Singapore
Exchange
Ltd
..........................................
17,911
479
0.08%
Skandinaviska
Enskilda
Banken
AB,
Class
A
..........................
65,700
3,488
0.55%
St
James's
Place
PLC
............................................
38,012
873
0.14%
State
Street
Corp
...............................................
7,755
2,348
0.37%
Sumitomo
Mitsui
Financial
Group,
Inc.
...............................
8,241
1,884
0.30%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
21
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Financial
(continued)
Sun
Life
Financial,
Inc.
...........................................
29,870
$
6,388
1.00%
Svenska
Handelsbanken
AB,
Class
A
...............................
151,046
5,989
0.94%
Swire
Pacific
Ltd,
Class
A
.........................................
35,669
1,149
0.18%
Synchrony
Financial
.............................................
1,983
335
0.05%
Tradeweb
Markets
Inc,
Class
A
.....................................
2,686
1,096
0.17%
Travelers
Cos
Inc/The
............................................
1,391
1,254
0.20%
Tryg
A/S
.......................................................
12,059
973
0.15%
UniCredit
SpA
..................................................
29,169
4,341
0.68%
W
R
Berkley
Corp
...............................................
1,338
463
0.07%
159,242
Industrial
AECOM
.......................................................
15,078
5,792
0.91%
AGC
Inc
.......................................................
24,194
3,433
0.54%
Alfa
Laval
AB
...................................................
12,686
1,955
0.31%
AP
Moller
-
Maersk
A/S,
Class
A
....................................
172
862
0.13%
AP
Moller
-
Maersk
A/S,
Class
B
...................................
575
2,932
0.46%
Assa
Abloy
AB,
Class
B
..........................................
16,972
1,909
0.30%
Atlas
Copco
AB
.................................................
68,546
4,539
0.71%
Atlas
Copco
AB,
Class
B
..........................................
20,659
1,197
0.19%
Azbil
Corp
.....................................................
7,139
770
0.12%
Beijer
Ref
AB,
Class
B
...........................................
14,294
832
0.13%
Canadian
National
Railway
Co
.....................................
9,927
5,124
0.80%
Carlisle
Cos.,
Inc.
...............................................
769
1,181
0.19%
CH
Robinson
Worldwide,
Inc.
......................................
1,112
332
0.05%
CNH
Industrial
NV
...............................................
65,887
3,344
0.52%
DSV
A/S
......................................................
2,819
1,794
0.28%
Epiroc
AB,
Class
A
..............................................
27,991
2,062
0.32%
Epiroc
AB,
Class
B
..............................................
7,765
516
0.08%
Expeditors
International
of
Washington
Inc
...........................
683
325
0.05%
Fanuc
Corp.
....................................................
25,909
2,830
0.44%
Fortune
Brands
Innovations
Inc
....................................
19,791
6,562
1.03%
Halma
PLC
....................................................
4,464
523
0.08%
Hirose
Electric
Co
Ltd
............................................
1,844
740
0.12%
Hitachi
Construction
Machinery
Co
Ltd
..............................
4,972
585
0.09%
Honeywell
International
Inc
........................................
2,491
2,002
0.31%
Hoya
Corp
.....................................................
8,030
3,915
0.61%
Huntington
Ingalls
Industries
.......................................
476
543
0.09%
Husqvarna
AB,
Class
B
...........................................
19,300
648
0.10%
Ibiden
Co.
Ltd.
..................................................
1,959
341
0.05%
Indutrade
AB
...................................................
7,367
788
0.12%
Investment
AB
Latour,
Class
B
.....................................
3,017
311
0.05%
James
Hardie
Industries
PLC
......................................
26,599
4,187
0.66%
Kawasaki
Kisen
Kaisha
Ltd
........................................
5,951
313
0.05%
Knight-Swift
Transportation
Holdings
Inc,
Class
A
......................
13,854
2,985
0.47%
Kongsberg
Gruppen
ASA
.........................................
4,376
1,184
0.19%
Kyocera
Corp
..................................................
117,715
6,135
0.96%
Lockheed
Martin
Corp
............................................
1,743
3,106
0.49%
Makita
Corp
....................................................
25,119
2,779
0.44%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
22
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Industrial
(continued)
Masco
Corp
....................................................
13,840
$
4,275
0.67%
MINEBEA
MITSUMI
Inc
..........................................
7,344
561
0.09%
MISUMI
Group
Inc
..............................................
11,303
615
0.10%
Mitsui
OSK
Lines
Ltd
.............................................
2,632
314
0.05%
MTU
Aero
Engines
AG
...........................................
327
325
0.05%
Nibe
Industrier
AB,
Class
B
........................................
126,974
2,444
0.38%
NIPPON
EXPRESS
HOLDINGS
INC
................................
13,785
2,750
0.43%
Northrop
Grumman
Corp
.........................................
3,442
6,453
1.01%
Old
Dominion
Freight
Line
Inc
.....................................
375
322
0.05%
Owens
Corning
.................................................
4,868
3,180
0.50%
Republic
Services
Inc,
Class
A
.....................................
442
332
0.05%
ROCKWOOL
A/S,
Class
B
........................................
1,018
1,311
0.21%
RTX
Corp
.....................................................
6,340
2,421
0.38%
Saab
AB,
Class
B
...............................................
3,601
1,256
0.20%
Skanska
AB,
Class
B
............................................
15,659
1,093
0.17%
SKF
AB,
Class
B
................................................
30,180
2,415
0.38%
TE
Connectivity
Ltd
..............................................
4,209
2,394
0.38%
Waste
Connections
Inc
...........................................
6,050
4,075
0.64%
Waste
Management
Inc
..........................................
497
414
0.06%
Xylem
Inc/NY
...................................................
2,973
1,505
0.24%
117,831
Technology
Applied
Materials
Inc
.............................................
3,579
2,891
0.45%
ASM
International
NV
............................................
286
685
0.11%
ASML
Holding
NV
...............................................
252
953
0.15%
Atlassian
Corp,
Class
A
...........................................
2,020
1,543
0.24%
BE
Semiconductor
Industries
NV
...................................
3,760
2,257
0.35%
BILL
Holdings
Inc
...............................................
11,099
2,987
0.47%
Broadridge
Financial
Solutions,
Inc.
.................................
4,835
3,879
0.61%
Constellation
Software
Inc/Can
.....................................
541
5,793
0.91%
Dynatrace
Inc
..................................................
7,948
1,446
0.23%
Electronic
Arts
Inc
...............................................
4,405
2,289
0.36%
Fair
Isaac
Corp
.................................................
218
1,065
0.17%
Fortinet
Inc
....................................................
1,224
327
0.05%
Jack
Henry
&
Associates
Inc
.......................................
617
420
0.07%
Lam
Research
Corp
.............................................
136
517
0.08%
Leidos
Holdings,
Inc.
.............................................
1,871
960
0.15%
Manhattan
Associates
Inc
.........................................
4,305
4,219
0.66%
Micron
Technology
Inc
...........................................
718
331
0.05%
Microsoft
Corp
..................................................
390
642
0.10%
Monolithic
Power
Systems,
Inc.
....................................
2,414
6,405
1.01%
MSCI,
Inc.,
Class
A
..............................................
584
1,282
0.20%
Nemetschek
SE
................................................
1,664
646
0.10%
Paycom
Software,
Inc.
...........................................
2,239
1,745
0.27%
QUALCOMM
Inc
................................................
5,895
3,908
0.61%
Samsara
Inc,
Class
A
............................................
12,153
1,799
0.28%
ServiceNow
Inc
.................................................
344
1,027
0.16%
Tokyo
Electron
Ltd
...............................................
630
640
0.10%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
23
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Technology
(continued)
UiPath
Inc,
Class
A
..............................................
44,191
$
3,923
0.62%
Zscaler,
Inc.
....................................................
848
639
0.10%
55,218
Utilities
AES
Corp.
(The)
................................................
77,922
5,472
0.86%
Canadian
Utilities
Ltd,
Class
A
.....................................
4,004
357
0.06%
CenterPoint
Energy
Inc
...........................................
2,969
331
0.05%
Centrica
PLC
...................................................
552,921
3,492
0.55%
NRG
Energy,
Inc.
...............................................
1,285
341
0.05%
RWE
AG
......................................................
5,646
751
0.12%
Sembcorp
Industries
Ltd
..........................................
94,908
1,487
0.23%
United
Utilities
Group
PLC
........................................
7,082
361
0.06%
Xcel
Energy
Inc
.................................................
1,574
331
0.05%
12,923
Total
.......................................................................
$
637,532
100.00%
*
The
following
table
shows
the
individual
positions
and
related
values
of
the
securities
within
the
Goldman
Sachs
Custom
Global
Short
Equity
Index
basket.
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
Basic
Materials
Agnico
Eagle
Mines
Ltd
..........................................
(5,601)
$
(2,109)
0.21%
Anglo
American
PLC
.............................................
(11,005)
(1,712)
0.17%
Antofagasta
PLC
................................................
(34,172)
(5,554)
0.54%
Barrick
Gold
Corp
...............................................
(52,739)
(5,540)
0.54%
Ecolab
Inc
.....................................................
(375)
(546)
0.05%
EMS-Chemie
Holding
AG
.........................................
(293)
(1,420)
0.14%
First
Quantum
Minerals
Ltd
........................................
(56,833)
(3,858)
0.38%
Freeport-McMoRan,
Inc.
..........................................
(2,884)
(855)
0.08%
Givaudan
SA
...................................................
(66)
(1,853)
0.18%
Ivanhoe
Mines
Ltd,
Class
A
........................................
(41,952)
(3,161)
0.31%
Kinross
Gold
Corp
...............................................
(18,178)
(704)
0.07%
Lundin
Mining
Corp
..............................................
(10,293)
(665)
0.06%
Mitsubishi
Chemical
Group
Corp
...................................
(145,322)
(5,571)
0.54%
Pan
American
Silver
Corp
.........................................
(12,246)
(1,166)
0.11%
Pilbara
Minerals
Ltd
.............................................
(204,323)
(3,221)
0.31%
South32
Ltd.
...................................................
(151,291)
(1,868)
0.18%
Westlake
Corp
..................................................
(658)
(635)
0.06%
(40,438)
Communications
Airbnb
Inc,
Class
A
..............................................
(2,450)
(2,550)
0.25%
Bollore
SE
.....................................................
(19,252)
(812)
0.08%
BT
Group
PLC,
Class
A
...........................................
(61,004)
(533)
0.05%
Delivery
Hero
SE,
144A
..........................................
(31,750)
(5,738)
0.56%
eBay
Inc
......................................................
(24,137)
(8,038)
0.78%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
24
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Communications
(continued)
GEN
Digital,
Inc.
................................................
(17,786)
$
(2,514)
0.25%
Grab
Holdings
Ltd.,
Class
A
.......................................
(27,492)
(545)
0.05%
Hikari
Tsushin
Inc
...............................................
(1,687)
(1,993)
0.19%
Liberty
Global
Ltd
...............................................
(27,812)
(3,095)
0.30%
Liberty
Media
Corp-Liberty
Formula
One,
Class
C
......................
(11,746)
(4,862)
0.47%
Liberty
Media
Corp-Liberty
SiriusXM
................................
(8,220)
(1,541)
0.15%
Netflix,
Inc.
.....................................................
(399)
(1,527)
0.15%
Okta
Inc
.......................................................
(5,063)
(3,342)
0.33%
Paramount
Global,
Class
B
........................................
(7,977)
(592)
0.06%
Pearson
PLC
...................................................
(53,747)
(4,464)
0.43%
Prosus
NV
.....................................................
(2,721)
(539)
0.05%
Rakuten
Group
Inc
..............................................
(277,234)
(9,896)
0.96%
Robinhood
Markets
Inc,
Class
A
....................................
(17,216)
(2,187)
0.21%
Sea
Ltd,
ADR
...................................................
(3,313)
(1,123)
0.11%
SEEK
Ltd
......................................................
(6,070)
(626)
0.06%
Snap
Inc,
Class
A
...............................................
(37,098)
(2,687)
0.26%
Softbank
Group
Corp.
............................................
(12,775)
(4,774)
0.47%
Swisscom
AG
..................................................
(2,093)
(8,082)
0.79%
Telecom
Italia
Spa/Milano
.........................................
(1,250,144)
(1,918)
0.19%
T-Mobile
US,
Inc.
................................................
(504)
(519)
0.05%
Trade
Desk
Inc/The,
Class
A
.......................................
(3,722)
(2,053)
0.20%
Vivendi
SE
.....................................................
(39,335)
(2,708)
0.26%
Walt
Disney
Co/The
.............................................
(695)
(536)
0.05%
Warner
Bros
Discovery
Inc
........................................
(191,066)
(10,524)
1.02%
Zillow
Group
Inc,
Class
C
.........................................
(17,667)
(5,437)
0.53%
(95,755)
Consumer,
Cyclical
Accor
SA
......................................................
(1,756)
(518)
0.05%
Air
Canada
....................................................
(5,839)
(534)
0.05%
Autozone,
Inc.
..................................................
(486)
(9,656)
0.94%
Caesars
Entertainment
Inc
........................................
(5,960)
(1,645)
0.16%
CarMax
Inc
....................................................
(18,836)
(10,353)
1.01%
Carnival
Corp.
..................................................
(7,804)
(804)
0.08%
Cie
Financiere
Richemont
SA,
Class
A
...............................
(557)
(537)
0.05%
Daiwa
House
Industry
Co
Ltd
......................................
(2,792)
(522)
0.05%
Dollar
General
Corp
.............................................
(9,186)
(9,045)
0.88%
Dr
Ing
hc
F
Porsche
AG,
Class
Preference,
144A
......................
(4,823)
(3,034)
0.30%
Ferguson
PLC
..................................................
(6,175)
(8,510)
0.83%
Lowe's
Cos
Inc
.................................................
(6,328)
(10,171)
0.99%
LVMH
Moet
Hennessy
Louis
Vuitt
...................................
(91)
(520)
0.05%
Moncler
SpA
...................................................
(1,118)
(527)
0.05%
Nitori
Holdings
Co
Ltd
............................................
(4,678)
(4,452)
0.43%
NVR,
Inc.
......................................................
(168)
(8,567)
0.83%
Reece
Ltd
.....................................................
(10,465)
(1,210)
0.12%
Renault
SA
....................................................
(1,653)
(527)
0.05%
Restaurant
Brands
Internationa
....................................
(13,342)
(6,691)
0.65%
Rivian
Automotive
Inc,
Class
A
.....................................
(39,238)
(2,711)
0.26%
Royal
Caribbean
Cruises
Ltd
......................................
(1,379)
(1,209)
0.12%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
25
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Cyclical
(continued)
Sekisui
Chemical
Co.
Ltd.
.........................................
(16,862)
$
(1,552)
0.15%
Shimano
Inc
...................................................
(587)
(554)
0.05%
Suzuki
Motor
Corp
..............................................
(98,551)
(7,072)
0.69%
Swatch
Group
AG
(The)
..........................................
(3,712)
(5,444)
0.53%
Swatch
Group
AG/The
...........................................
(1,850)
(530)
0.05%
Volkswagen
AG
.................................................
(1,133)
(1,093)
0.11%
Volvo
Car
AB,
Class
B
............................................
(106,615)
(2,553)
0.25%
Walmart
Inc
....................................................
(3,385)
(1,285)
0.12%
Zalando
SE,
144A
...............................................
(27,713)
(5,004)
0.49%
(106,830)
Consumer,
Non-cyclical
Abbott
Laboratories
..............................................
(1,353)
(970)
0.10%
Aeon
Co
Ltd
...................................................
(26,446)
(3,952)
0.38%
Alcon
Inc
......................................................
(18,743)
(9,811)
0.95%
Alnylam
Pharmaceuticals
Inc
......................................
(3,287)
(3,100)
0.30%
Altria
Group,
Inc.
................................................
(4,148)
(1,142)
0.11%
Anheuser-Busch
InBev
SA/NV
.....................................
(26,862)
(10,337)
1.01%
Argenx
SE
.....................................................
(1,269)
(3,167)
0.31%
Avantor
Inc
....................................................
(18,942)
(3,056)
0.30%
Bachem
Holding
AG,
Class
B
......................................
(2,179)
(1,319)
0.13%
Bayer
AG
......................................................
(44,127)
(8,551)
0.83%
Becton
Dickinson
&
Co
...........................................
(1,475)
(2,303)
0.22%
Biogen,
Inc.
....................................................
(1,393)
(1,895)
0.18%
Block,
Inc.
.....................................................
(992)
(530)
0.05%
Bureau
Veritas
SA
...............................................
(3,795)
(732)
0.07%
Campbell
Soup
Co.
..............................................
(16,885)
(4,736)
0.46%
Carl
Zeiss
Meditec
AG
...........................................
(1,715)
(1,354)
0.13%
Celsius
Holdings
Inc
.............................................
(4,552)
(2,382)
0.23%
Charles
River
Laboratories
International
Inc
..........................
(6,086)
(10,404)
1.01%
Chocoladefabriken
Lindt
&
Spruengli
AG
.............................
(25)
(1,886)
0.18%
Church
&
Dwight
Co
Inc
..........................................
(3,663)
(2,411)
0.24%
Cooper
Cos.,
Inc.
(The)
...........................................
(1,311)
(839)
0.08%
Corpay
Inc
.....................................................
(1,945)
(3,786)
0.37%
CoStar
Group
Inc
...............................................
(16,513)
(10,065)
0.98%
Danaher
Corp.
..................................................
(3,916)
(6,169)
0.60%
Davide
Campari-Milano
NV
.......................................
(73,700)
(4,679)
0.46%
DiaSorin
SpA
...................................................
(3,606)
(2,200)
0.21%
Edwards
Lifesciences
Corp.
.......................................
(878)
(529)
0.05%
Eisai
Co
Ltd
....................................................
(37,879)
(9,842)
0.96%
Endeavour
Group
Ltd/Australia
.....................................
(95,670)
(2,170)
0.21%
Essilorluxottica
SA
...............................................
(2,388)
(3,413)
0.33%
Exact
Sciences
Corp
.............................................
(10,649)
(4,640)
0.45%
Fresenius
Medical
Care
AG
.......................................
(2,141)
(520)
0.05%
Fresenius
SE
&
Co
KGaA
.........................................
(28,733)
(4,896)
0.48%
FUJIFILM
Holdings
Corp
..........................................
(38,462)
(5,434)
0.53%
Grifols
SA
.....................................................
(35,683)
(2,028)
0.20%
Haleon
PLC
....................................................
(240,059)
(6,374)
0.62%
HCA
Healthcare
Inc
..............................................
(251)
(529)
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
26
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Consumer,
Non-cyclical
(continued)
Heineken
Holding
NV
............................................
(2,398)
$
(1,223)
0.12%
Hikma
Pharmaceuticals
PLC
......................................
(15,752)
(2,409)
0.23%
Hormel
Foods
Corp
..............................................
(47,236)
(10,398)
1.01%
Illumina
Inc
....................................................
(2,162)
(1,873)
0.18%
Ipsen
SA
......................................................
(1,770)
(1,330)
0.13%
IQVIA
Holdings,
Inc.
.............................................
(457)
(730)
0.07%
Keurig
Dr
Pepper
Inc
.............................................
(53,022)
(10,260)
1.00%
Kraft
Heinz
Co/The
..............................................
(11,859)
(2,761)
0.27%
Kyowa
Kirin
Co.
Ltd.
.............................................
(6,016)
(681)
0.07%
L'Oreal
SA
.....................................................
(172)
(515)
0.05%
McCormick
&
Co
Inc/MD
..........................................
(1,999)
(969)
0.09%
Merck
KGaA
...................................................
(6,951)
(7,750)
0.75%
Moderna
Inc
...................................................
(9,032)
(6,072)
0.59%
Molson
Coors
Beverage
Co,
Class
B
................................
(18,684)
(7,928)
0.77%
Mondelez
International
Inc,
Class
A
.................................
(2,225)
(982)
0.10%
Novartis
AG
....................................................
(850)
(520)
0.05%
Ocado
Group
PLC
...............................................
(59,125)
(2,145)
0.21%
Otsuka
Holdings
Co
Ltd
..........................................
(28,609)
(7,481)
0.73%
Pernod
Ricard
SA
...............................................
(4,397)
(4,494)
0.44%
Procter
&
Gamble
Co.
(The)
.......................................
(2,178)
(2,229)
0.22%
RB
Global
Inc
..................................................
(3,271)
(1,573)
0.15%
Recordati
Industria
Chimica
e
......................................
(2,140)
(747)
0.07%
Remy
Cointreau
SA
..............................................
(2,342)
(1,492)
0.15%
Rentokil
Initial
PLC
..............................................
(25,441)
(956)
0.09%
Repligen
Corp
..................................................
(2,294)
(2,662)
0.26%
Revvity
Inc
.....................................................
(2,694)
(1,784)
0.17%
Roche
Holding
AG
...............................................
(360)
(613)
0.06%
Royalty
Pharma
PLC,
Class
A
.....................................
(2,733)
(524)
0.05%
Sartorius
Stedim
Biotech
..........................................
(1,157)
(2,085)
0.20%
Seven
&
i
Holdings
Co
Ltd
........................................
(5,930)
(544)
0.05%
Shionogi
&
Co.
Ltd.
..............................................
(15,567)
(5,020)
0.49%
STERIS
PLC
...................................................
(3,789)
(5,374)
0.52%
Takeda
Pharmaceutical
Co
Ltd
.....................................
(51,263)
(8,984)
0.87%
Teleflex
Inc
....................................................
(1,406)
(2,007)
0.20%
Terumo
Corp
...................................................
(12,487)
(1,437)
0.14%
Toast
Inc,
Class
A
...............................................
(57,517)
(9,043)
0.88%
TransUnion
....................................................
(20,594)
(10,369)
1.01%
Transurban
Group
...............................................
(10,915)
(598)
0.06%
UCB
SA
.......................................................
(7,263)
(5,663)
0.55%
U-Haul
Holding
Co,
Class
B
.......................................
(2,514)
(1,058)
0.10%
Viatris
Inc
......................................................
(17,956)
(1,353)
0.13%
Waters
Corp
...................................................
(368)
(799)
0.08%
Wise
PLC,
Class
A
..............................................
(26,297)
(1,946)
0.19%
Worldline
SA/France,
144A
........................................
(6,761)
(529)
0.05%
(282,061)
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
27
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Energy
AltaGas
Ltd,
Class
Common
Subs.
Receipt
...........................
(3,801)
$
(530)
0.05%
Cenovus
Energy
Inc
.............................................
(68,751)
(8,680)
0.84%
Chesapeake
Energy
Corp
.........................................
(3,893)
(2,182)
0.21%
Enbridge
Inc
...................................................
(23,315)
(5,321)
0.52%
EQT
Corp
.....................................................
(4,689)
(1,097)
0.11%
Exxon
Mobil
Corp
...............................................
(713)
(523)
0.05%
First
Solar
Inc
..................................................
(830)
(884)
0.09%
Galp
Energia
SGPS
SA
...........................................
(41,880)
(4,372)
0.42%
Kinder
Morgan
Inc
...............................................
(89,834)
(10,395)
1.01%
Occidental
Petroleum
Corp.
.......................................
(8,600)
(3,526)
0.34%
Phillips
66
.....................................................
(1,220)
(1,257)
0.12%
Santos
Ltd
.....................................................
(193,386)
(6,169)
0.60%
Teck
Resources
Ltd.,
Class
B
......................................
(24,824)
(7,175)
0.70%
Valero
Energy
Corp
..............................................
(7,810)
(8,411)
0.82%
Williams
Cos.,
Inc.
(The)
..........................................
(42,304)
(10,402)
1.01%
(70,924)
Financial
Admiral
Group
PLC
..............................................
(8,287)
(1,874)
0.18%
AIB
Group
PLC
.................................................
(16,837)
(540)
0.05%
AvalonBay
Communities,
Inc.
......................................
(8,880)
(10,397)
1.01%
Banco
Santander
SA
.............................................
(27,646)
(852)
0.08%
Banque
Cantonale
Vaudoise
......................................
(1,133)
(832)
0.08%
CaixaBank
SA
..................................................
(17,624)
(540)
0.05%
Charles
Schwab
Corp/The
........................................
(1,503)
(686)
0.07%
Citigroup
Inc
...................................................
(1,862)
(743)
0.07%
Coinbase
Global
Inc,
Class
A
......................................
(1,179)
(1,971)
0.19%
Commerzbank
AG
...............................................
(13,844)
(1,201)
0.12%
Commonwealth
Bank
of
Australia
...................................
(1,168)
(578)
0.06%
Concordia
Financial
Group
Ltd
.....................................
(37,715)
(1,194)
0.12%
Deutsche
Bank
AG
..............................................
(7,687)
(764)
0.08%
Equity
Residential
...............................................
(1,401)
(558)
0.05%
Essex
Property
Trust
Inc
..........................................
(6,746)
(10,420)
1.01%
Eurazeo
SE
....................................................
(2,678)
(1,483)
0.14%
Extra
Space
Storage
Inc
..........................................
(11,486)
(10,653)
1.04%
Gaming
and
Leisure
Properties
....................................
(15,455)
(4,492)
0.44%
Hang
Seng
Bank
Ltd
.............................................
(38,649)
(2,669)
0.26%
Helvetia
Holding
AG
.............................................
(1,575)
(1,371)
0.13%
Intercontinental
Exchange,
Inc.
.....................................
(3,490)
(3,026)
0.30%
Iron
Mountain
Inc
...............................................
(20,660)
(10,455)
1.02%
Japan
Post
Insurance
Co
Ltd
......................................
(18,664)
(2,249)
0.22%
KKR
&
Co
Inc,
Class
Miscellaneous
.................................
(838)
(532)
0.05%
Klepierre
SA
...................................................
(3,192)
(522)
0.05%
Leg
Immobilien
Se
..............................................
(4,113)
(2,231)
0.22%
Mediobanca
Banca
di
Credito
Finanziario
SpA
........................
(64,823)
(6,102)
0.59%
MS&AD
Insurance
Group
Holdings,
Inc.
.............................
(41,499)
(4,611)
0.45%
National
Bank
of
Canada
.........................................
(2,967)
(1,578)
0.15%
ProLogis,
Inc.
..................................................
(1,245)
(1,023)
0.10%
Realty
Income
Corp
.............................................
(1,580)
(539)
0.05%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
28
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Financial
(continued)
SBI
Holdings
Inc
................................................
(5,062)
$
(835)
0.08%
Sumitomo
Realty
&
Development
Co
Ltd
.............................
(8,004)
(1,874)
0.18%
Swiss
Prime
Site
AG
.............................................
(1,893)
(1,128)
0.11%
Swiss
Re
AG
...................................................
(7,769)
(6,309)
0.61%
T
Rowe
Price
Group
Inc
..........................................
(13,511)
(10,393)
1.01%
Talanx
AG
.....................................................
(3,031)
(1,517)
0.15%
UBS
Group
AG
.................................................
(3,949)
(767)
0.08%
Vicinity
Ltd
.....................................................
(227,941)
(1,999)
0.20%
Vonovia
SE
....................................................
(42,027)
(7,849)
0.76%
Warehouses
De
Pauw
CVA
.......................................
(3,079)
(555)
0.05%
Washington
H
Soul
Pattinson
&
Co
Ltd
..............................
(3,689)
(510)
0.05%
Weyerhaeuser
Co,
Class
REIT
.....................................
(2,337)
(529)
0.05%
Wharf
Real
Estate
Investment
Co.
Ltd.
..............................
(101,928)
(2,091)
0.20%
WP
Carey
Inc
..................................................
(13,184)
(4,695)
0.46%
(127,737)
Industrial
Acciona
SA
....................................................
(3,005)
(2,311)
0.22%
ACS
Actividades
de
Construccion
y
Servicios
SA
......................
(13,614)
(3,598)
0.35%
Aeroports
de
Paris
SA
............................................
(1,925)
(1,667)
0.16%
Alstom
SA
.....................................................
(45,542)
(4,386)
0.43%
Axon
Enterprise
Inc
..............................................
(5,123)
(10,113)
0.98%
Ball
Corp
......................................................
(24,300)
(10,328)
1.00%
Bouygues
SA
...................................................
(5,452)
(1,406)
0.14%
Brother
Industries
Ltd
............................................
(12,912)
(1,507)
0.15%
CAE
Inc
.......................................................
(4,005)
(522)
0.05%
Canadian
Pacific
Kansas
City
Ltd.
..................................
(1,925)
(1,072)
0.10%
Cellnex
Telecom
SA,
144A
........................................
(27,252)
(6,087)
0.59%
Central
Japan
Railway
Co.
........................................
(13,980)
(2,187)
0.21%
CK
Infrastructure
Holdings
Ltd
.....................................
(14,948)
(552)
0.05%
Getlink
SE
.....................................................
(4,736)
(509)
0.05%
GFL
Environmental
Inc
...........................................
(4,750)
(1,034)
0.10%
Hankyu
Hanshin
Holdings
Inc
......................................
(9,871)
(1,783)
0.17%
Heidelberg
Materials
AG
..........................................
(6,753)
(4,692)
0.46%
Knorr-Bremse
AG
...............................................
(1,196)
(571)
0.06%
Kuehne
+
Nagel
International
A
....................................
(2,294)
(4,032)
0.39%
Leonardo
SpA
..................................................
(4,845)
(769)
0.07%
Martin
Marietta
Materials,
Inc.
......................................
(2,672)
(10,349)
1.01%
Metso
Oyj
.....................................................
(34,660)
(2,600)
0.25%
Mitsubishi
Electric
Corp
...........................................
(12,040)
(1,266)
0.12%
Mitsubishi
Heavy
Industries
Lt
.....................................
(10,845)
(617)
0.06%
Obayashi
Corp.
.................................................
(27,706)
(2,072)
0.20%
Odakyu
Electric
Railway
Co
Ltd
....................................
(19,599)
(1,701)
0.17%
Prysmian
SpA
..................................................
(1,561)
(515)
0.05%
Sartorius
AG
...................................................
(1,154)
(2,900)
0.28%
Schindler
Holding
AG
............................................
(511)
(788)
0.08%
Siemens
Energy
AG
.............................................
(43,759)
(5,072)
0.49%
Sika
AG
.......................................................
(274)
(516)
0.05%
Teledyne
Technologies
Inc
........................................
(3,827)
(10,365)
1.01%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
29
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Industrial
(continued)
Tenaris
SA
.....................................................
(12,008)
$
(1,499)
0.15%
Tokyu
Corp
....................................................
(7,769)
(596)
0.06%
Toro
Co.
(The)
..................................................
(9,753)
(5,639)
0.55%
TransDigm
Group
Inc
............................................
(633)
(4,917)
0.48%
Trimble,
Inc.
....................................................
(4,934)
(2,004)
0.20%
West
Japan
Railway
Co
..........................................
(33,581)
(4,411)
0.43%
(116,953)
Technology
Advanced
Micro
Devices,
Inc.
......................................
(1,181)
(1,345)
0.13%
Advantest
Corp
.................................................
(6,946)
(1,939)
0.19%
ANSYS,
Inc.
...................................................
(4,651)
(10,188)
0.99%
Aspen
Technology
Inc
............................................
(773)
(1,040)
0.10%
Autodesk,
Inc.
..................................................
(4,225)
(6,941)
0.67%
Bentley
Systems
Inc,
Class
B
......................................
(26,010)
(8,570)
0.83%
Capcom
Co
Ltd
.................................................
(56,528)
(6,661)
0.65%
Capgemini
SE
..................................................
(1,038)
(1,510)
0.15%
Ceridian
Hcm
Holding,
Inc.
........................................
(6,881)
(2,875)
0.28%
CGI
Inc,
Class
A
................................................
(7,366)
(5,132)
0.50%
Fujitsu
Ltd
.....................................................
(4,990)
(503)
0.05%
Hewlett
Packard
Enterprise
Co
.....................................
(92,791)
(10,380)
1.01%
HP,
Inc.
.......................................................
(6,903)
(1,316)
0.13%
Infineon
Technologies
AG
.........................................
(19,037)
(4,089)
0.40%
Lasertec
Corp
..................................................
(1,877)
(3,360)
0.33%
Lattice
Semiconductor
Corp
.......................................
(1,068)
(527)
0.05%
Microchip
Technology
Inc
.........................................
(2,923)
(1,655)
0.16%
NEC
Corp
.....................................................
(7,686)
(3,530)
0.34%
Netapp,
Inc.
....................................................
(4,511)
(2,988)
0.29%
Nexon
Co
Ltd
..................................................
(7,427)
(777)
0.08%
NTT
Data
Group
Corp
............................................
(39,948)
(3,989)
0.39%
Oracle
Corp
....................................................
(10,514)
(8,332)
0.81%
Ricoh
Co
Ltd
...................................................
(53,981)
(3,020)
0.29%
ROBLOX
Corp,
Class
A
..........................................
(2,235)
(538)
0.05%
Seiko
Epson
Corp
...............................................
(34,133)
(3,750)
0.36%
Synopsys,
Inc.
..................................................
(2,765)
(9,971)
0.97%
Take-Two
Interactive
Software,Inc.
..................................
(11,061)
(10,363)
1.01%
Temenos
AG
...................................................
(4,451)
(2,010)
0.20%
Texas
Instruments,
Inc.
...........................................
(4,301)
(4,728)
0.46%
Unity
Software
Inc
...............................................
(4,956)
(835)
0.08%
Veeva
Systems,
Inc.,
Class
A
......................................
(357)
(522)
0.05%
Xero
Ltd
.......................................................
(10,924)
(5,995)
0.58%
Zebra
Technologies
Corp,
Class
A
..................................
(4,112)
(7,821)
0.76%
Zoom
Video
Communications,
Inc.,
Class
A
...........................
(5,171)
(2,133)
0.21%
(139,333)
Utilities
BKW
AG
......................................................
(544)
(528)
0.05%
Brookfield
Renewable
Corp,
Class
A
................................
(6,486)
(1,005)
0.10%
Chubu
Electric
Power
Co
Inc
......................................
(6,260)
(515)
0.05%
CLP
Holdings
Ltd
...............................................
(65,900)
(3,313)
0.32%
Simplify
Market
Neutral
Equity
Long/Short
ETF
Schedule
of
Investments
(Continued)
March
31,
2024
(Unaudited)
30
Shares
Unrealized
Appreciation/
(Depreciation)
%
of
basket
Common
Stocks
(continued)
Utilities
(continued)
Dominion
Energy
Inc
.............................................
(23,473)
$
(7,285)
0.71%
EDP
-
Energias
de
Portugal
SA
....................................
(106,037)
(2,609)
0.26%
EDP
Renovaveis
SA
.............................................
(23,223)
(1,986)
0.19%
Elia
Group
SA/NV
...............................................
(1,662)
(1,133)
0.11%
Endesa
SA
.....................................................
(9,100)
(1,065)
0.11%
Essential
Utilities
Inc
.............................................
(11,594)
(2,710)
0.26%
Hong
Kong
&
China
Gas
Co
Ltd
....................................
(346,652)
(1,657)
0.16%
Hydro
One
Ltd.,
144A
............................................
(2,907)
(535)
0.05%
Iberdrola
SA
....................................................
(11,614)
(910)
0.09%
Kansai
Electric
Power
Co
Inc/T
....................................
(83,951)
(7,523)
0.73%
Meridian
Energy
Ltd
.............................................
(25,795)
(575)
0.06%
Northland
Power
Inc
.............................................
(5,269)
(544)
0.05%
Osaka
Gas
Co
Ltd
...............................................
(4,179)
(592)
0.06%
PG&E
Corp.
....................................................
(8,019)
(848)
0.08%
Power
Assets
Holdings
Ltd
........................................
(19,107)
(706)
0.07%
Public
Service
Enterprise
Group
Inc
.................................
(1,289)
(543)
0.05%
Redeia
Corp
SA
................................................
(6,835)
(736)
0.07%
Southern
Co.
(The)
..............................................
(17,283)
(7,823)
0.76%
Terna
-
Rete
Elettrica
Naziona
.....................................
(11,948)
(624)
0.06%
Verbund
AG
....................................................
(4,265)
(1,969)
0.19%
Vistra
Corp
....................................................
(1,774)
(779)
0.08%
(48,513)
Total
.......................................................................
$
(1,028,544)
100.00%