Simplify Tara India Opportunities ETF (IOPP) NPORT-P Simplify Next Intangible Value Index ETF (Sep 2024 report)

Simplify

Next

Intangible

Value

Index

ETF

Schedule

of

Investments

September

30,

2024

(Unaudited)

1

Shares

Value

Common

Stocks

–

99.7%

Communication

Services

–

19.3%

AT&T,

Inc.

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

3,043

$

66,946‌

Comcast

Corp.,

Class

A

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

1,705

71,218‌

EchoStar

Corp.,

Class

A*

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

127

3,152‌

Fox

Corp.,

Class

A

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

267

11,302‌

Frontier

Communications

Parent,

Inc.*

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

139

4,939‌

IAC,

Inc.*

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

48

2,583‌

Liberty

Broadband

Corp.,

Class

C*

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

77

5,951‌

Lumen

Technologies,

Inc.*

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

498

3,536‌

News

Corp.,

Class

B

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

336

9,391‌

Paramount

Global,

Class

A

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

68

1,487‌

Roku,

Inc.*

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

45

3,360‌

Snap

Inc,

Class

A*

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

841

8,999‌

United

States

Cellular

Corp.*

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

48

2,623‌

Verizon

Communications,

Inc.

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

1,509

67,769‌

Warner

Bros

Discovery,

Inc.*

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

217

1,790‌

Zoominfo

Technologies,

Inc.,

Class

A*

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

199

2,054‌

267,100‌

Consumer

Discretionary

–

10.8%

Academy

Sports

&

Outdoors,

Inc.

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

41

2,393‌

ADT,

Inc.

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

327

2,364‌

American

Eagle

Outfitters,

Inc.

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

117

2,620‌

Best

Buy

Co.,

Inc.

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

136

14,049‌

BorgWarner,

Inc.

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

63

2,286‌

Boyd

Gaming

Corp.

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

9

582‌

Capri

Holdings

Ltd.*

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

68

2,886‌

CarMax,

Inc.*

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

38

2,940‌

Carnival

Corp.*

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

276

5,101‌

Dillard's,

Inc.,

Class

A

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

10

3,837‌

eBay,

Inc.

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

259

16,864‌

Expedia

Group,

Inc.*

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

31

4,589‌

Ford

Motor

Co.

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

956

10,095‌

Gap,

Inc.

(The)

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

245

5,402‌

General

Motors

Co.

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

277

12,421‌

Genuine

Parts

Co.

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

33

4,609‌

Lennar

Corp.,

Class

A

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

48

8,999‌

Levi

Strauss

&

Co.,

Class

A

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

236

5,145‌

Lithia

Motors,

Inc.

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

6

1,906‌

LKQ

Corp.

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

64

2,555‌

Lucid

Group,

Inc.*

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

534

1,885‌

Macy's,

Inc.

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

173

2,714‌

MGM

Resorts

International*

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

30

1,173‌

Nordstrom,

Inc.

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

103

2,316‌

Penske

Automotive

Group,

Inc.

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

17

2,761‌

PVH

Corp.

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

22

2,218‌

Rivian

Automotive,

Inc.,

Class

A*

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

251

2,816‌

Signet

Jewelers

Ltd.

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

23

2,372‌

Tapestry,

Inc.

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

136

6,389‌

Toll

Brothers,

Inc.

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

17

2,626‌

Urban

Outfitters,

Inc.*

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

58

2,222‌

Simplify

Next

Intangible

Value

Index

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

2

Shares

Value

Common

Stocks

(continued)

Consumer

Discretionary

(continued)

VF

Corp.

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

149

$

2,973‌

Wayfair

Inc,

Class

A*

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

67

3,764‌

Whirlpool

Corp.

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

21

2,247‌

150,119‌

Consumer

Staples

–

8.2%

Albertsons

Cos.,

Inc.,

Class

A

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

365

6,745‌

Archer-Daniels-Midland

Co.

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

98

5,854‌

Bunge

Global

SA

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

29

2,803‌

Campbell

Soup

Co.

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

61

2,984‌

Coca-Cola

Consolidated,

Inc.

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

2

2,633‌

Coty,

Inc.,

Class

A*

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

339

3,183‌

Dollar

General

Corp

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

129

10,910‌

Dollar

Tree

Inc*

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

128

9,001‌

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

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

146

14,555‌

Ingredion,

Inc.

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

13

1,787‌

Kraft

Heinz

Co.

(The)

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

253

8,883‌

Kroger

Co.

(The)

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

430

24,639‌

Maplebear,

Inc.*

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

57

2,322‌

Molson

Coors

Beverage

Co.,

Class

B

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

43

2,473‌

Performance

Food

Group

Co.*

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

36

2,821‌

Sysco

Corp.

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

103

8,040‌

Tyson

Foods,

Inc.,

Class

A

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

75

4,467‌

114,100‌

Energy

–

3.2%

Antero

Resources

Corp.*

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

99

2,836‌

Chesapeake

Energy

Corp.

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

43

3,537‌

Civitas

Resources,

Inc.

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

35

1,773‌

Coterra

Energy,

Inc.

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

257

6,155‌

EQT

Corp.

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

145

5,313‌

HF

Sinclair

Corp.

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

65

2,897‌

Marathon

Oil

Corp.

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

193

5,140‌

Murphy

Oil

Corp.

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

52

1,755‌

NOV,

Inc.

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

139

2,220‌

Ovintiv,

Inc.

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

93

3,563‌

Southwestern

Energy

Co.*

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

358

2,545‌

TechnipFMC

PLC

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

153

4,013‌

Weatherford

International

PLC

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

25

2,123‌

43,870‌

Financials

–

12.4%

Allstate

Corp.

(The)

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

54

10,241‌

Ally

Financial

Inc

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

78

2,776‌

American

International

Group

Inc

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

135

9,886‌

Annaly

Capital

Management,

Inc.

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

102

2,047‌

Assurant

Inc

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

11

2,188‌

Capital

One

Financial

Corp.

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

80

11,978‌

Cincinnati

Financial

Corp.

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

32

4,356‌

Citigroup,

Inc.

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

412

25,791‌

Citizens

Financial

Group,

Inc.

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

96

3,943‌

CNA

Financial

Corp.

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

57

2,790‌

Simplify

Next

Intangible

Value

Index

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

3

Shares

Value

Common

Stocks

(continued)

Financials

(continued)

Corebridge

Financial

Inc

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

123

$

3,587‌

Equitable

Holdings

Inc

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

66

2,774‌

Everest

Group

Ltd.

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

9

3,527‌

Fidelity

National

Financial

Inc

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

55

3,413‌

First

Citizens

BancShares,

Inc.,

Class

A

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

5

9,205‌

First

Horizon

Corp.

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

112

1,739‌

Franklin

Resources

Inc

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

107

2,156‌

Globe

Life

Inc

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

19

2,012‌

Jefferies

Financial

Group,

Inc.

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

42

2,585‌

Loews

Corp.

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

47

3,715‌

Markel

Group,

Inc.*

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

3

4,706‌

MetLife,

Inc.

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

144

11,877‌

Old

Republic

International

Corp.

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

54

1,913‌

Principal

Financial

Group,

Inc.

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

47

4,037‌

Prudential

Financial,

Inc.

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

74

8,961‌

Reinsurance

Group

of

America,

Inc.

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

14

3,050‌

RenaissanceRe

Holdings

Ltd.

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

11

2,996‌

Synchrony

Financial

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

84

4,190‌

Travelers

Cos.,

Inc.

(The)

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

46

10,770‌

Unum

Group

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

38

2,259‌

Upstart

Holdings,

Inc.*

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

50

2,001‌

W

R

Berkley

Corp

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

80

4,538‌

172,007‌

Health

Care

–

12.8%

Alkermes

PLC*

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

66

1,847‌

Baxter

International,

Inc.

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

203

7,708‌

Biogen,

Inc.*

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

61

11,824‌

Bio-Rad

Laboratories,

Inc.,

Class

A*

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

10

3,346‌

Centene

Corp.*

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

104

7,829‌

CVS

Health

Corp.

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

260

16,349‌

DENTSPLY

SIRONA,

Inc.

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

80

2,165‌

Elanco

Animal

Health,

Inc.*

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

215

3,158‌

Exelixis,

Inc.*

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

109

2,829‌

Henry

Schein,

Inc.*

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

52

3,791‌

Humana,

Inc.

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

29

9,185‌

Illumina,

Inc.*

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

55

7,173‌

Incyte

Corp.*

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

75

4,957‌

Jazz

Pharmaceuticals

PLC*

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

25

2,785‌

Moderna

Inc*

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

143

9,557‌

Pfizer,

Inc.

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

2,221

64,276‌

Solventum

Corp.*

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

65

4,532‌

Viatris,

Inc.

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

489

5,677‌

Zimmer

Biomet

Holdings

Inc

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

81

8,744‌

177,732‌

Industrials

–

4.6%

Alight,

Inc.,

Class

A*

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

305

2,257‌

Applied

Industrial

Technologies,

Inc.

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

13

2,901‌

Builders

FirstSource,

Inc.*

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

19

3,683‌

CACI

International

Inc,

Class

A*

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

13

6,559‌

Simplify

Next

Intangible

Value

Index

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

4

Shares

Value

Common

Stocks

(continued)

Industrials

(continued)

Clarivate

PLC*

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

412

$

2,925‌

CNH

Industrial

NV

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

249

2,764‌

FedEx

Corp

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

57

15,600‌

Flowserve

Corp.

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

45

2,326‌

Robert

Half,

Inc.

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

35

2,359‌

Snap-on

Inc

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

9

2,608‌

Southwest

Airlines

Co.

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

151

4,474‌

Stanley

Black

&

Decker,

Inc.

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

41

4,515‌

Textron

Inc

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

44

3,898‌

United

Airlines

Holdings,

Inc.*

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

68

3,880‌

WESCO

International,

Inc.

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

16

2,688‌

63,437‌

Information

Technology

–

18.7%

Amkor

Technology,

Inc.

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

138

4,223‌

Arrow

Electronics,

Inc.*

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

19

2,524‌

BILL

Holdings,

Inc.*

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

67

3,535‌

Ciena

Corp.*

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

76

4,681‌

Crane

NXT

Co

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

32

1,795‌

Dell

Technologies

Inc,

Class

C

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

375

44,452‌

Dolby

Laboratories,

Inc.,

Class

A

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

9

689‌

Dropbox,

Inc.,

Class

A*

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

178

4,527‌

Dxc

Technology

Co.*

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

103

2,137‌

Flex

Ltd.*

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

138

4,613‌

Freshworks,

Inc.,

Class

A*

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

179

2,055‌

GLOBALFOUNDRIES,

Inc.*

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

337

13,564‌

Hewlett

Packard

Enterprise

Co.

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

739

15,120‌

HP,

Inc.

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

563

20,195‌

Insight

Enterprises,

Inc.*

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

18

3,877‌

Intel

Corp.

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

2,220

52,081‌

Juniper

Networks,

Inc.

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

189

7,367‌

Kyndryl

Holdings,

Inc.*

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

133

3,056‌

NetApp

Inc

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

116

14,327‌

Pegasystems,

Inc.

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

50

3,655‌

Sanmina

Corp.*

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

30

2,054‌

Silicon

Laboratories,

Inc.*

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

18

2,080‌

TD

SYNNEX

Corp.

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

49

5,884‌

Twilio

Inc,

Class

A*

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

92

6,000‌

UiPath

Inc,

Class

A*

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

338

4,326‌

Unity

Software,

Inc.*

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

185

4,185‌

Western

Digital

Corp*

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

191

13,043‌

Zoom

Video

Communications,

Inc.,

Class

A*

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

175

12,205‌

258,250‌

Materials

–

5.2%

Albemarle

Corp.

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

61

5,777‌

Alcoa

Corp.

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

61

2,353‌

Cleveland-Cliffs,

Inc.*

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

153

1,954‌

Corteva,

Inc.

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

139

8,172‌

CRH

PLC

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

119

11,036‌

DuPont

de

Nemours,

Inc.

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

113

10,069‌

Simplify

Next

Intangible

Value

Index

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

5

Shares

Value

Common

Stocks

(continued)

Materials

(continued)

International

Paper

Co.

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

116

$

5,667‌

Nucor

Corp

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

64

9,622‌

PPG

Industries,

Inc.

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

42

5,563‌

Reliance

Inc

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

18

5,206‌

RPM

International

Inc

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

22

2,662‌

Sonoco

Products

Co.

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

34

1,857‌

United

States

Steel

Corp.

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

51

1,802‌

71,740‌

Real

Estate

–

1.4%

Alexandria

Real

Estate

Equities,

Inc.

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

34

4,038‌

Jones

Lang

LaSalle,

Inc.*

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

10

2,698‌

VICI

Properties,

Inc.

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

362

12,058‌

18,794‌

Utilities

–

3.1%

Avangrid,

Inc.

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

54

1,933‌

Consolidated

Edison,

Inc.

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

48

4,998‌

Dominion

Energy,

Inc.

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

114

6,588‌

Entergy

Corp.

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

28

3,685‌

Evergy,

Inc.

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

31

1,922‌

Exelon

Corp.

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

132

5,353‌

NiSource,

Inc.

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

61

2,114‌

PG&E

Corp.

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

307

6,069‌

PPL

Corp.

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

101

3,341‌

Sempra

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

87

7,276‌

43,279‌

Total

Common

Stocks

(Cost

$1,335,869)

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

1,380,428‌

Money

Market

Funds

–

0.2%

Fidelity

Investments

Money

Market

Treasury

Only

Portfolio

-

Class

I,

4.92%(a)

(Cost

$2,850)

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

2,850

2,850‌

Total

Investments

–

99.9%

(Cost

$1,338,719)

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

$

1,383,278‌

Other

Assets

in

Excess

of

Liabilities

–

0.1%

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

966‌

Net

Assets

–

100.0%

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

$

1,384,244‌

*

Non

Income

Producing

(a)

Rate

shown

reflects

the

7-day

yield

as

of

September

30,

2024.

Simplify

Next

Intangible

Value

Index

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

6

††

The

percentage

shown

for

each

investment

category

is

the

total

value

of

investments

in

that

category

as

a

percentage

of

the

net

assets

of

the

Fund.

The

table

depicts

the

Fund's

investments

but

may

not

represent

the

Fund's

market

exposure

to

certain

derivatives,

if

any,

which

are

included

in

Other

Assets

in

Excess

of

Liabilities.

Summary

of

Investment

Type††

Investment

Categories

%

of

Net

Assets

Common

Stocks

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

99.7‌%

Money

Market

Funds

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

0.2‌%

Total

Investments

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

99.9‌%

Other

Assets

in

Excess

of

Liabilities

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

0.1‌%

Net

Assets

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

100.0‌%