Simplify Risk Parity Treasury ETF (TYA) NPORT-P Simplify Multi-QIS Alternative ETF (Sep 2024 report)

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

September

30,

2024

(Unaudited)

1

Principal

Value

U.S.

Treasury

Bills

–

99.8%

U.S.

Treasury

Bill,

5.38%,

10/29/2024

(a)(b)

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

$

43,700,000‌

$

43,539,148‌

U.S.

Treasury

Bill,

4.81%,

1/14/2025

(a)

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

68,200,000‌

67,313,876‌

Total

U.S.

Treasury

Bills

(Cost

$110,796,403)

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

110,853,024‌

Number

of

Contracts

Notional

Amount

Purchased

Options

–

0.5%

Puts

–

Exchange-Traded

–

0.5%

S&P

500

Index,

October

Strike

Price

$5,500,

Expires

10/07/24(c)

.........

156

85,800,000‌

28,860‌

S&P

500

Index,

December

Strike

Price

$5,400,

Expires

12/20/24(c)

.......

42

22,680,000‌

252,000‌

S&P

500

Index,

December

Strike

Price

$5,404.12,

Expires

12/20/24(c)

.....

1,941

10,489,397‌

154,799‌

S&P

500

Index,

December

Strike

Price

$5,404.12,

Expires

12/20/24(c)

.....

3,117

16,844,642‌

129,439‌

565,098‌

Total

Purchased

Options

(Cost

$812,009)

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

565,098‌

Total

Investments

–

100.3%

(Cost

$111,608,412)

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

$

111,418,122‌

Liabilities

in

Excess

of

Other

Assets

–

(0.3)%

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

(355,218‌)

Net

Assets

–

100.0%

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

$

111,062,904‌

Number

of

Contracts

Notional

Amount

Written

Options

–

(0.1)%

Puts

–

Exchange-Traded

–

(0.1)%

S&P

500

Index,

October

Strike

Price

$5,300,

Expires

10/07/24

...........

(156)

$

(82,680,000‌)

$

(12,090‌)

S&P

500

Index,

December

Strike

Price

$5,000,

Expires

12/20/24

.........

(42)

(21,000,000‌)

(116,130‌)

(128,220‌)

Total

Written

Options

(Premiums

Received

$188,237)

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

$

(128,220‌)

(a)

Represents

a

zero

coupon

bond.

Rate

shown

reflects

the

effective

yield.

(b)

Security

with

an

aggregate

market

value

of

$24,908,000

has

been

pledged

as

collateral

for

options

and

swaps

as

of

September

30,

2024.

(c)

Held

in

connection

with

Written

Options.

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

2

††

The

percentage

shown

for

each

investment

category

is

the

total

value

of

investments

in

that

category

as

a

percentage

of

the

net

assets

of

the

Fund.

The

table

depicts

the

Fund's

investments

but

may

not

represent

the

Fund's

market

exposure

to

certain

derivatives,

if

any,

which

are

included

in

Liabilities

in

Excess

of

Other

Assets.

Summary

of

Investment

Type††

Investment

Categories

%

of

Net

Assets

U.S.

Treasury

Bills

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

99.8‌%

Purchased

Options

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

0.5‌%

Total

Investments

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

100.3‌%

Liabilities

in

Excess

of

Other

Assets

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

(0.3‌)%

Net

Assets

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

100.0‌%

At

September

30,

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)

AIJPLTRS*

10/15/2025

–%

(c)

JPM

4,000,039

$

19,268‌

BAEISETRS*

1/15/2025

0.20%

(c)

BOFA

7,493,494

4,897‌

BNPDITRS*

7/15/2025

0.30%

(c)

BOFA

5,699,782

(2,247‌)

BNPIDTRS*

7/15/2025

0.10%

(c)

BNP

14,655,921

(212,727‌)

BNPXVTRS*

7/15/2025

0.19%

(c)

BNP

3,219,065

(1,627‌)

GSISSTRS*

7/15/2025

–%

(c)

GS

10,651,443

(9,808‌)

GSIVVTRS*

7/15/2025

–%

(c)

GS

5,631,073

44,814‌

GSVICVTRS*

6/16/2025

–%

(c)

GS

7,751,057

4,475‌

GSVIDTRS*

7/15/2025

–%

(c)

GS

3,427,334

(29,826‌)

GSVIKGTRS*

1/15/2025

–%

(c)

GS

2,829,918

7,944‌

GSVIKTRS*

7/15/2025

–%

(c)

GS

7,139,235

(7,880‌)

GSVLFTRS*

7/15/2025

–%

(c)

GS

9,184,487

(169,311‌)

JPOSFTRS*

7/15/2025

–%

(c)

JPM

2,253,514

3,818‌

JPUS2TRS*

7/15/2025

–%

(c)

JPM

2,247,147

2,164‌

MQIS22TRS*

10/15/2025

0.25%

(c)

MBL

4,999,892

(42,328‌)

MQIS6TRS*

7/15/2025

0.20%

(c)

MBL

6,650,764

(44,850‌)

MQISBTRS*

7/15/2025

1.25%

(c)

MBL

27,710,043

(136,728‌)

MSVCDNTRS*

1/15/2025

–%

(c)

MSCS

6,700,723

28,593‌

MSVCDRTRS*

1/15/2025

–%

(c)

MSCS

5,526,626

43,849‌

NMUSSLTRS*

12/31/2049

4.83%

(c)

NOM

5,620,027

309,837‌

NMUSSSTRS*

12/31/2049

4.83%

(c)

NOM

(5,620,018)

(283,673‌)

NMXCMDTRS*

10/15/2025

–%

(c)

NOM

3,995,564

(29,169‌)

VMACBTRS*

7/15/2025

0.15%

(c)

MBL

8,435,174

(48,806‌)

VMACFTRS*

7/15/2025

–%

(c)

MBL

8,470,910

(51,111‌)

VMAQDSTRS*

7/15/2025

0.20%

(c)

MBL

8,393,728

39,921‌

VMAVTTRS*

7/15/2025

0.20%

(c)

MBL

3,233,408

(195‌)

$

(560,706‌)

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

3

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

AIJPLTRS

(Cross

Asset

Trend

Broad,

Multi

Asset)

basket.

*

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.

Abbreviations:

BNP

:

BNP

Paribas

BOFA

:

Bank

of

America

GS

:

Goldman

Sachs

JPM

:

JP

Morgan

MBL

:

Macquarie

Bank

Limited

MSCS

:

Morgan

Stanley

Capital

Services

LLC

NOM

:

Nomura

International

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

ERINCLIG

Index

$

2,160,056

Long

1,619

8.4%

ERIXILIG

Index

1,157,710

Long

868

4.5%

ESZ4

Index

1,099,613

Long

824

4.3%

ERU5

Comdty

953,311

Long

715

3.7%

ERH5

Comdty

903,219

Long

632

3.5%

SFRU5

Comdty

842,968

Long

565

3.3%

SFRM5

Comdty

753,467

Long

501

2.9%

ERM5

Comdty

667,691

Long

467

2.6%

GCZ4

Comdty

623,026

Long

406

2.4%

SFIM5

Comdty

541,915

Long

387

2.1%

SFIU5

Comdty

515,618

Long

370

2.0%

JPY-

USD,21/10/24,143.88,20/09/24,WMR

493,042

Long

369

1.9%

JPY-

USD,16/10/24,141.13,17/09/24,WMR

492,592

Long

369

1.9%

JPY-

USD,27/09/24,144.79,29/08/24,WMR

492,480

Long

369

1.9%

JPY-

USD,10/10/24,141.95,12/09/24,WMR

492,362

Long

368

1.9%

JPY-

USD,18/10/24,142.38,19/09/24,WMR

491,269

Long

368

1.9%

JPY-

USD,07/10/24,142.17,09/09/24,WMR

490,296

Long

367

1.9%

JPY-

USD,30/09/24,144.99,30/08/24,WMR

489,942

Long

367

1.9%

JPY-

USD,24/10/24,143.76,25/09/24,WMR

489,925

Long

367

1.9%

JPY-

USD,01/10/24,145.02,03/09/24,WMR

489,286

Long

367

1.9%

JPY-

USD,17/10/24,141.40,18/09/24,WMR

489,066

Long

367

1.9%

JPY-

USD,25/10/24,144.23,26/09/24,WMR

488,958

Long

366

1.9%

JPY-

USD,03/10/24,143.35,05/09/24,WMR

488,576

Long

366

1.9%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

4

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

BAEISETRS

(Short-Dated

Volatility

Carry,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

JPY-

USD,08/10/24,142.13,10/09/24,WMR

488,570

Long

365

1.9%

JPY-

USD,23/10/24,143.10,24/09/24,WMR

487,508

Long

365

1.9%

JPY-

USD,15/10/24,139.86,16/09/24,WMR

487,426

Long

364

1.9%

JPY-

USD,22/10/24,143.17,23/09/24,WMR

485,426

Long

363

1.9%

JPY-

USD,09/10/24,140.85,11/09/24,WMR

484,263

Long

363

1.9%

JPY-

USD,02/10/24,143.49,04/09/24,WMR

483,996

Long

362

1.9%

JPY-

USD,04/10/24,141.74,06/09/24,WMR

483,359

Long

361

1.9%

JPY-

USD,11/10/24,140.09,13/09/24,WMR

481,905

Long

340

1.9%

SFIH5

Comdty

453,110

Long

298

1.8%

SFRH5

Comdty

398,151

Long

169

1.5%

C

Z4

Comdty

226,436

Long

157

0.9%

TYZ4

Comdty

225,019

Long

144

0.9%

TUZ4

Comdty

208,827

Long

131

0.8%

FVZ4

Comdty

192,698

Long

115

0.7%

S

X4

Comdty

192,111

Long

110

0.7%

GXZ4

Index

175,253

Long

96

0.7%

VGZ4

Index

153,307

Long

84

0.6%

RXZ4

Comdty

146,718

Long

81

0.6%

DUZ4

Comdty

127,693

Long

81

0.5%

ERINCLHY

Index

112,659

Long

71

0.4%

COZ4

Comdty

108,682

Long

70

0.4%

OEZ4

Comdty

107,691

Long

63

0.4%

ERIXILXO

Index

94,654

Long

62

0.4%

JBZ4

Comdty

92,771

Long

60

0.4%

XMZ4

Comdty

84,306

Long

81

0.3%

CLG5

Comdty

82,870

Long

71

0.3%

HOX4

Comdty

79,376

Long

70

0.3%

Other

Components

2,452,535

—

1,838

9.5%

Total

19,268

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USD_CURRENCY

$

7,851,500

Long

—

95.8%

SPY

UP

Equity

345,807

Short

4,874

4.2%

SPY

US

10/01/24

P564

Equity

459

Short

6

0.0%

SPY

US

10/01/24

P563

Equity

328

Short

5

0.0%

SPY

US

10/01/24

P562

Equity

240

Short

3

0.0%

SPY

US

10/02/24

P559

Equity

186

Short

3

0.0%

SPY

US

10/02/24

P558

Equity

164

Short

2

0.0%

SPY

US

10/02/24

P557

Equity

142

Short

2

0.0%

SPY

US

10/01/24

P556

Equity

55

Short

1

0.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

5

.

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

BNPDITRS

(Intraday

Trend,

Equity)

basket.

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

BNPIDTRS

(Linear

Volatility

Carry,

Equity)

basket.

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

BNPXVTRS

(Synthetic

Volatility

Long,

Equity)

basket.

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSISSTRS

(Risk

Reversal

Vol

Premium,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPY

US

10/01/24

P557

Equity

55

Short

1

0.0%

SPY

US

10/01/24

P555

Equity

33

Short

—

0.0%

Total

4,897

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USD

Curncy

$

5,697,535

Long

—

100.0%

Total

—

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USD

Cash

$17,372,396

Long

—

85.6%

UXV4

Index

2,930,305

Short

(212,727)

14.4%

Total

(212,727)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USD

Cash

$

3,162,584

Long

—

98.3%

UXV4

Index

30,760

Long

(912)

1.0%

UXX4

Index

24,094

Long

(715)

0.7%

Total

(1,627)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPX

11/15/24

5740

Index

$

92,637

Short

(584)

5.9%

SPX

10/18/24

C5515

Index

63,719

Long

(401)

4.1%

SPX

10/18/24

5740

Index

62,827

Short

(396)

4.0%

SPX

12/20/24

5740

Index

62,708

Short

(395)

4.0%

SPX

11/15/24

C5435

Index

60,525

Long

(381)

3.9%

SPX

11/15/24

C5450

Index

59,900

Long

(377)

3.8%

SPX

10/18/24

C5565

Index

35,627

Long

(224)

2.3%

SPX

11/15/24

C5560

Index

32,254

Long

(203)

2.1%

SPX

10/18/24

C5595

Index

24,879

Long

(157)

1.6%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

6

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPX

10/18/24

C5485

Index

23,674

Long

(149)

1.5%

SPX

11/15/24

C5530

Index

16,718

Long

(105)

1.1%

SPX

11/15/24

C5640

Index

16,611

Long

(105)

1.1%

SPX

11/15/24

C5770

Index

15,805

Long

(100)

1.0%

SPX

10/18/24

C5475

Index

15,345

Long

(97)

1.0%

SPX

10/18/24

C5670

Index

14,965

Long

(94)

1.0%

SPX

12/20/24

P5120

Index

14,878

Short

(94)

1.0%

SPX

01/17/25

5740

Index

14,116

Short

(89)

0.9%

SPX

12/20/24

P5110

Index

13,794

Short

(87)

0.9%

SPX

10/18/24

C5600

Index

13,691

Long

(86)

0.9%

SPX

12/20/24

C5810

Index

13,418

Long

(85)

0.9%

SPX

12/20/24

C5880

Index

12,993

Long

(82)

0.8%

SPX

11/15/24

C5620

Index

12,926

Long

(81)

0.8%

SPX

12/20/24

C5570

Index

11,383

Long

(72)

0.7%

SPX

10/18/24

C5590

Index

11,066

Long

(70)

0.7%

SPX

12/20/24

C5780

Index

10,773

Long

(68)

0.7%

SPX

11/15/24

C5605

Index

10,478

Long

(66)

0.7%

SPX

12/20/24

P5080

Index

10,431

Short

(66)

0.7%

SPX

10/18/24

C5660

Index

9,636

Long

(61)

0.6%

SPX

11/15/24

C5840

Index

9,273

Long

(58)

0.6%

SPX

01/17/25

P5180

Index

9,222

Short

(58)

0.6%

SPX

11/15/24

C5520

Index

9,214

Long

(58)

0.6%

SPX

11/15/24

C5760

Index

9,100

Long

(57)

0.6%

SPX

11/15/24

C5570

Index

9,071

Long

(57)

0.6%

SPX

11/15/24

P5180

Index

9,050

Short

(57)

0.6%

SPX

11/15/24

P5175

Index

8,885

Short

(56)

0.6%

SPX

11/15/24

C5660

Index

8,816

Long

(56)

0.6%

SPX

11/15/24

P5210

Index

8,666

Short

(55)

0.6%

SPX

02/21/25

5740

Index

8,587

Short

(54)

0.6%

SPX

11/15/24

C5750

Index

8,574

Long

(54)

0.6%

SPX

11/15/24

P5220

Index

8,472

Short

(53)

0.5%

SPX

12/20/24

C5610

Index

8,378

Long

(53)

0.5%

SPX

12/20/24

C5700

Index

8,334

Long

(52)

0.5%

SPX

01/17/25

C5920

Index

8,326

Long

(52)

0.5%

SPX

11/15/24

C5735

Index

7,813

Long

(49)

0.5%

SPX

12/20/24

C5475

Index

7,593

Long

(48)

0.5%

SPX

11/15/24

C5790

Index

7,588

Long

(48)

0.5%

SPX

11/15/24

C5720

Index

7,530

Long

(47)

0.5%

SPX

10/18/24

C5580

Index

7,387

Long

(47)

0.5%

SPX

12/20/24

P5240

Index

7,258

Short

(46)

0.5%

SPX

10/18/24

C5710

Index

7,174

Long

(45)

0.5%

Other

Components

614,849

—

(3,873)

39.5%

Total

(9,808)

100.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

7

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSIVVTRS

(Daily

Short

Vol

Premium,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

UXV4

Index

$

949,140

Short

35,179

78.5%

UXX4

Index

40,123

Short

1,487

3.3%

VIX

10/16/24

P18

Index

32,657

Short

1,210

2.7%

VIX

10/16/24

P19

Index

26,822

Short

994

2.2%

VIX

10/16/24

C20

Index

25,297

Short

938

2.1%

VIX

10/16/24

P20

Index

18,031

Short

668

1.5%

VIX

10/16/24

C21

Index

16,031

Short

594

1.3%

VIX

10/16/24

C19

Index

13,822

Short

512

1.1%

VIX

10/16/24

P21

Index

9,699

Short

359

0.8%

VIX

11/20/24

P17

Index

9,573

Short

355

0.8%

VIX

10/16/24

C23

Index

8,241

Short

305

0.7%

VIX

10/16/24

C22

Index

8,213

Short

304

0.7%

VIX

11/20/24

P18

Index

7,774

Short

288

0.6%

VIX

11/20/24

C21

Index

5,206

Short

193

0.4%

VIX

11/20/24

C20

Index

4,960

Short

184

0.4%

VIX

10/16/24

P17

Index

4,866

Short

180

0.4%

VIX

11/20/24

C23

Index

3,689

Short

137

0.3%

VIX

10/16/24

C25

Index

3,318

Short

123

0.3%

VIX

10/16/24

C24

Index

2,726

Short

101

0.2%

VIX

11/20/24

P19

Index

2,578

Short

96

0.2%

VIX

10/16/24

C55

Index

2,168

Long

80

0.2%

VIX

11/20/24

C22

Index

1,980

Short

73

0.2%

VIX

10/16/24

C60

Index

1,623

Long

60

0.1%

VIX

10/16/24

C50

Index

1,307

Long

48

0.1%

VIX

11/20/24

C24

Index

1,306

Short

48

0.1%

VIX

10/16/24

C27

Index

1,100

Short

41

0.1%

VIX

10/16/24

C65

Index

1,091

Long

40

0.1%

VIX

10/16/24

C70

Index

1,053

Long

39

0.1%

VIX

10/16/24

C45

Index

779

Long

29

0.1%

VIX

11/20/24

C70

Index

427

Long

16

0.0%

VIX

10/16/24

C28

Index

419

Short

16

0.0%

VIX

10/16/24

C75

Index

406

Long

15

0.0%

VIX

11/20/24

C65

Index

402

Long

15

0.0%

VIX

11/20/24

C85

Index

371

Long

14

0.0%

VIX

11/20/24

C75

Index

368

Long

14

0.0%

VIX

10/16/24

C42.5

Index

279

Long

10

0.0%

VIX

10/16/24

C47.5

Index

266

Long

10

0.0%

VIX

11/20/24

C80

Index

243

Long

9

0.0%

VIX

10/16/24

C80

Index

195

Long

7

0.0%

VIX

10/16/24

C90

Index

157

Long

6

0.0%

VIX

11/20/24

C25

Index

121

Short

4

0.0%

VIX

10/16/24

C85

Index

98

Long

4

0.0%

VIX

10/16/24

P16

Index

92

Short

3

0.0%

VIX

10/16/24

C100

Index

65

Long

2

0.0%

VIX

11/20/24

C90

Index

11

Long

0

0.0%

VIX

10/16/24

C95

Index

7

Long

0

0.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

8

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSVICVTRS

(Conditional

Volatility

Hedge,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Total

44,814

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPX

12/20/24

P5250

Index

$

19,542

Short

460

10.3%

SPX

12/20/24

P5100

Index

12,932

Long

304

6.8%

SPX

12/20/24

P4950

Index

12,928

Short

304

6.8%

SPX

11/15/24

P5200

Index

10,336

Short

243

5.4%

SPX

12/20/24

P4800

Index

9,738

Long

229

5.1%

SPX

12/20/24

P5200

Index

7,881

Long

185

4.1%

SPX

11/15/24

P5100

Index

7,691

Short

181

4.0%

SPX

12/20/24

P4900

Index

6,479

Short

152

3.4%

SPX

11/15/24

P4800

Index

6,368

Long

150

3.3%

SPX

11/15/24

P4900

Index

5,963

Short

140

3.1%

SPX

11/15/24

P5250

Index

5,429

Long

128

2.9%

SPX

11/15/24

P5150

Index

4,982

Long

117

2.6%

SPXW

11/29/24

P5250

Index

4,328

Short

102

2.3%

SPX

11/15/24

P4850

Index

4,125

Long

97

2.2%

SPX

11/15/24

P4950

Index

3,924

Long

92

2.1%

SPX

11/15/24

P4700

Index

2,347

Long

55

1.2%

SPXW

11/29/24

P4950

Index

2,278

Long

54

1.2%

SPX

11/15/24

P5000

Index

2,259

Short

53

1.2%

SPXW

10/31/24

P5250

Index

1,576

Short

37

0.8%

SPX

12/20/24

P5050

Index

1,511

Long

36

0.8%

SPX

11/15/24

P4750

Index

1,492

Short

35

0.8%

SPXW

11/08/24

P5250

Index

1,489

Short

35

0.8%

SPX

12/20/24

P5000

Index

1,406

Long

33

0.7%

SPX

11/15/24

P4650

Index

1,296

Short

30

0.7%

SPX

10/18/24

P5100

Index

1,280

Long

30

0.7%

SPX

12/20/24

P4850

Index

1,157

Long

27

0.6%

SPX

12/20/24

P5150

Index

1,150

Long

27

0.6%

SPXW

10/31/24

P5200

Index

1,038

Long

24

0.5%

SPX

10/18/24

P4800

Index

1,032

Short

24

0.5%

SPX

12/20/24

P4750

Index

1,031

Short

24

0.5%

SPXW

10/25/24

P5250

Index

981

Long

23

0.5%

SPX

12/20/24

P4700

Index

978

Short

23

0.5%

SPX

12/20/24

P4650

Index

928

Short

22

0.5%

SPX

12/20/24

P4600

Index

887

Long

21

0.5%

SPX

10/18/24

P5200

Index

871

Short

20

0.5%

SPX

12/20/24

P4550

Index

847

Long

20

0.4%

SPXW

10/31/24

P5150

Index

812

Long

19

0.4%

SPX

12/20/24

P4500

Index

810

Long

19

0.4%

SPXW

10/31/24

P4950

Index

803

Short

19

0.4%

SPX

12/20/24

P4450

Index

777

Long

18

0.4%

SPX

11/15/24

P4600

Index

766

Long

18

0.4%

SPXW

10/31/24

P5000

Index

750

Short

18

0.4%

SPX

12/20/24

P4400

Index

746

Short

18

0.4%

SPX

11/15/24

P4550

Index

725

Long

17

0.4%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

9

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSVIDTRS

(Dispersion,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPX

10/18/24

P5250

Index

722

Long

17

0.4%

SPX

12/20/24

P4350

Index

720

Long

17

0.4%

SPXW

10/31/24

P5100

Index

714

Long

17

0.4%

SPX

10/18/24

P5050

Index

712

Long

17

0.4%

SPXW

11/08/24

P4950

Index

709

Long

17

0.4%

SPX

12/20/24

P4300

Index

696

Long

16

0.4%

Other

Components

29,358

—

690

15.4%

Total

4,475

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPX

11/15/24

5760

Index

$

17,541

Long

(196)

0.7%

SPX

12/20/24

5760

Index

12,779

Long

(143)

0.5%

AAPL

11/15/24

C190

Equity

8,297

Long

(93)

0.3%

SPX

10/18/24

5760

Index

8,207

Long

(92)

0.3%

AAPL

10/18/24

C170

Equity

7,719

Long

(86)

0.3%

AAPL

10/18/24

C185

Equity

6,708

Long

(75)

0.3%

AAPL

11/15/24

C220

Equity

6,592

Long

(74)

0.2%

AAPL

11/15/24

C200

Equity

6,565

Long

(73)

0.2%

AAPL

10/18/24

C175

Equity

6,219

Long

(69)

0.2%

AAPL

12/20/24

C190

Equity

5,728

Long

(64)

0.2%

AAPL

11/15/24

C185

Equity

5,612

Long

(63)

0.2%

AAPL

10/18/24

C180

Equity

5,596

Long

(62)

0.2%

AAPL

12/20/24

C195

Equity

5,500

Long

(61)

0.2%

SPX

11/15/24

C5345

Index

5,469

Short

(61)

0.2%

AAPL

11/15/24

C210

Equity

5,394

Long

(60)

0.2%

AAPL

12/20/24

C225

Equity

5,289

Long

(59)

0.2%

AAPL

12/20/24

C215

Equity

5,066

Long

(57)

0.2%

AAPL

12/20/24

C180

Equity

5,004

Long

(56)

0.2%

SPX

11/15/24

C5610

Index

4,997

Short

(56)

0.2%

AAPL

12/20/24

C220

Equity

4,849

Long

(54)

0.2%

AAPL

12/20/24

C205

Equity

4,792

Long

(54)

0.2%

AAPL

03/21/25

C220

Equity

4,707

Long

(53)

0.2%

AAPL

10/18/24

C195

Equity

4,650

Long

(52)

0.2%

AAPL

01/17/25

C185

Equity

4,639

Long

(52)

0.2%

AAPL

11/15/24

C195

Equity

4,635

Long

(52)

0.2%

AAPL

12/20/24

C230

Equity

4,605

Long

(51)

0.2%

AAPL

01/17/25

C170

Equity

4,330

Long

(48)

0.2%

SPX

11/15/24

C5650

Index

4,317

Short

(48)

0.2%

AAPL

03/21/25

C230

Equity

4,267

Long

(48)

0.2%

AAPL

11/15/24

C225

Equity

4,243

Long

(47)

0.2%

SPX

11/15/24

C5400

Index

4,207

Short

(47)

0.2%

AAPL

01/17/25

C220

Equity

4,100

Long

(46)

0.2%

AAPL

12/20/24

C210

Equity

4,039

Long

(45)

0.2%

AAPL

11/15/24

C180

Equity

3,983

Long

(44)

0.1%

AAPL

01/17/25

C190

Equity

3,912

Long

(44)

0.1%

AAPL

12/20/24

C170

Equity

3,886

Long

(43)

0.1%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

10

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSVIKGTRS

(CDS

Volatility

Premium,

Credit)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPX

11/15/24

C5505

Index

3,796

Short

(42)

0.1%

AAPL

12/20/24

C200

Equity

3,650

Long

(41)

0.1%

AAPL

01/17/25

C175

Equity

3,636

Long

(41)

0.1%

AAPL

03/21/25

C225

Equity

3,626

Long

(40)

0.1%

AAPL

01/17/25

C180

Equity

3,621

Long

(40)

0.1%

AAPL

01/17/25

C195

Equity

3,584

Long

(40)

0.1%

SPX

11/15/24

C5720

Index

3,478

Short

(39)

0.1%

AAPL

12/20/24

C185

Equity

3,444

Long

(38)

0.1%

AAPL

10/18/24

C190

Equity

3,388

Long

(38)

0.1%

SPX

11/15/24

C5450

Index

3,378

Short

(38)

0.1%

SPX

10/18/24

C5505

Index

3,353

Short

(37)

0.1%

AAPL

10/18/24

C220

Equity

3,321

Long

(37)

0.1%

AAPL

01/17/25

C210

Equity

3,309

Long

(37)

0.1%

AAPL

11/15/24

C205

Equity

3,294

Long

(37)

0.1%

Other

Components

2,413,065

—

(26,952)

90.4%

Total

(29,826)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

CDX.NA.IG.42-V1.5Y

$

1,849,647

Long

416

5.2%

iTraxx

Europe.41-V1.5Y

1,374,549

Short

309

3.9%

CDX.NA.IG.42-V1.5Y_16Oct24_47.5_

Receiver

1,250,040

Short

281

3.5%

CDX.NA.IG.42-V1.5Y_16Oct24_55_

Payer

1,250,040

Short

281

3.5%

iTraxx

Europe.41-V1.5Y_16Oct24_52.5_

Receiver

1,166,138

Short

262

3.3%

CDX.NA.IG.42-V1.5Y_16Oct24_50_

Receiver

1,158,598

Short

261

3.3%

iTraxx

Europe.41-V1.5Y_16Oct24_60_

Payer

1,099,491

Long

247

3.1%

iTraxx

Europe.41-V1.5Y_16Oct24_50_

Receiver

1,070,742

Short

241

3.0%

iTraxx

Europe.41-V1.5Y_16Oct24_57.5_

Payer

1,009,589

Short

227

2.9%

CDX.NA.HY.42-V1.5Y

961,203

Short

216

2.7%

CDX.NA.IG.42-V1.5Y_16Oct24_52.5_

Payer

921,988

Short

207

2.6%

CDX.NA.IG.42-V1.5Y_16Oct24_57.5_

Payer

887,388

Short

200

2.5%

CDX.NA.IG.42-V1.5Y_16Oct24_60_

Payer

670,545

Short

151

1.9%

CDX.NA.IG.42-V1.5Y_16Oct24_45_

Receiver

657,513

Short

148

1.9%

iTraxx

Europe.41-V1.5Y_16Oct24_55_

Receiver

610,034

Short

137

1.7%

iTraxx

Europe.41-V1.5Y_16Oct24_55_

Payer

599,360

Short

135

1.7%

iTraxx

Europe

XOver.41-V1.5Y

529,198

Short

119

1.5%

iTraxx

Europe.41-V1.5Y_16Oct24_62.5_

Payer

501,782

Short

113

1.4%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

11

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

CDX.NA.IG.43-V1.5Y_20Nov24_47.5_

Receiver

457,777

Short

103

1.3%

CDX.NA.IG.43-V1.5Y_20Nov24_50_

Receiver

457,777

Short

103

1.3%

CDX.NA.IG.43-V1.5Y_20Nov24_52.5_

Receiver

457,777

Long

103

1.3%

CDX.NA.IG.43-V1.5Y_20Nov24_55_

Payer

457,777

Short

103

1.3%

iTraxx

Europe.41-V1.5Y_16Oct24_47.5_

Receiver

434,321

Short

98

1.2%

CDX.NA.IG.42-V1.5Y_16Oct24_52.5_

Receiver

414,273

Short

93

1.2%

CDX.NA.IG.43-V1.5Y_20Nov24_57.5_

Payer

392,379

Short

88

1.1%

CDX.NA.IG.43-V1.5Y_20Nov24_62.5_

Payer

388,010

Short

87

1.1%

iTraxx

Europe.42-V1.5Y_20Nov24_55_

Receiver

373,630

Short

84

1.1%

iTraxx

Europe.42-V1.5Y_20Nov24_57.5_

Receiver

373,630

Short

84

1.1%

iTraxx

Europe.42-V1.5Y_20Nov24_62.5_

Payer

373,630

Short

84

1.1%

iTraxx

Europe.41-V1.5Y_16Oct24_65_

Payer

310,711

Short

70

0.9%

iTraxx

Europe

XOver.41-

V1.5Y_16Oct24_275_Receiver

282,355

Short

63

0.8%

iTraxx

Europe

XOver.41-

V1.5Y_16Oct24_312.5_Payer

282,355

Short

63

0.8%

iTraxx

Europe

XOver.41-

V1.5Y_16Oct24_287.5_Receiver

281,663

Short

63

0.8%

iTraxx

Europe

XOver.41-

V1.5Y_16Oct24_325_Payer

281,663

Short

63

0.8%

CDX.NA.IG.42-V1.5Y_20Nov24_47.5_

Receiver

260,690

Short

59

0.7%

iTraxx

Europe.42-V1.5Y_20Nov24_60_

Receiver

256,141

Short

58

0.7%

iTraxx

Europe.42-V1.5Y_20Nov24_65_

Payer

256,141

Short

58

0.7%

iTraxx

Europe.42-V1.5Y_20Nov24_70_

Payer

256,141

Short

58

0.7%

CDX.NA.IG.42-V1.5Y_20Nov24_50_

Receiver

238,818

Short

54

0.7%

CDX.NA.HY.42-V1.5Y_16Oct24_106.75_

Receiver

220,738

Short

50

0.6%

iTraxx

Europe.41-V1.5Y_20Nov24_52.5_

Receiver

215,850

Short

49

0.6%

CDX.NA.HY.42-V1.5Y_16Oct24_105.25_

Payer

207,109

Short

47

0.6%

CDX.NA.IG.42-V1.5Y_20Nov24_45_

Receiver

195,643

Short

44

0.6%

CDX.NA.IG.42-V1.5Y_20Nov24_52.5_

Payer

195,643

Short

44

0.6%

CDX.NA.IG.42-V1.5Y_20Nov24_55_

Payer

182,400

Short

41

0.5%

iTraxx

Europe.41-V1.5Y_20Nov24_55_

Receiver

176,721

Short

40

0.5%

CDX.NA.HY.42-V1.5Y_16Oct24_105.75_

Payer

174,632

Short

39

0.5%

iTraxx

Europe.41-V1.5Y_20Nov24_50_

Receiver

168,798

Short

38

0.5%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

12

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSVIKTRS

(HYG

Volatility

Premium,

Credit)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

iTraxx

Europe

XOver.41-

V1.5Y_16Oct24_300_Receiver

167,775

Short

38

0.5%

CDX.NA.IG.42-V1.5Y_16Oct24_50_

Payer

165,216

Short

37

0.5%

Other

Components

8,404,440

—

1,890

23.8%

Total

7,944

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

HYG

10/18/24

C79

Equity

$

55,888

Short

(2,053)

26.1%

HYG

10/01/24

80.5

Equity

28,761

Long

(1,057)

13.4%

HYG

10/18/24

C80

Equity

25,072

Short

(921)

11.7%

HYG

10/18/24

C78

Equity

21,798

Short

(801)

10.2%

HYG

11/15/24

C80

Equity

16,709

Short

(614)

7.8%

HYG

11/15/24

P79

Equity

13,198

Short

(485)

6.2%

HYG

11/15/24

P80

Equity

10,087

Short

(371)

4.7%

HYG

10/18/24

P80

Equity

9,324

Short

(343)

4.3%

HYG

10/18/24

P79

Equity

8,161

Short

(300)

3.8%

HYG

11/15/24

C79

Equity

6,554

Short

(241)

3.1%

HYG

10/18/24

P78

Equity

3,697

Short

(136)

1.7%

HYG

11/15/24

P78

Equity

3,203

Short

(118)

1.5%

HYG

10/18/24

P79.5

Equity

2,824

Short

(104)

1.3%

HYG

11/15/24

C81

Equity

2,097

Short

(77)

1.0%

HYG

10/18/24

C80.5

Equity

1,799

Short

(66)

0.8%

HYG

12/20/24

P79

Equity

1,314

Short

(48)

0.6%

HYG

12/20/24

C80

Equity

1,248

Short

(46)

0.6%

HYG

10/18/24

P77

Equity

1,018

Short

(37)

0.5%

HYG

12/20/24

P78

Equity

511

Short

(19)

0.2%

HYG

12/20/24

P80

Equity

437

Short

(16)

0.2%

HYG

10/18/24

C81

Equity

269

Short

(10)

0.1%

HYG

10/01/24

80

Equity

175

Short

(6)

0.1%

HYG

10/18/24

P76

Equity

171

Short

(6)

0.1%

HYG

11/15/24

P77

Equity

163

Short

(6)

0.1%

Total

(7,880)

100.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

13

*The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

GSVLFTRS

(Swaption

Forward

Volatility,

Fixed

Income)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SWO

Call

USD

18Nov26

319

21Aug24

5y

$

11,973,981

Long

(3,667)

2.2%

SWO

Call

USD

20Nov24

353

21Aug24

2y

11,973,981

Long

(3,667)

2.2%

SWO

Put

USD

18Nov26

319

21Aug24

5y

11,973,981

Long

(3,667)

2.2%

SWO

Put

USD

20Nov24

353

21Aug24

2y

11,973,981

Long

(3,667)

2.2%

SWO

Call

USD

20Nov24

329

21Aug24

7y

11,973,981

Short

(3,667)

2.2%

SWO

Put

USD

20Nov24

329

21Aug24

7y

11,973,981

Short

(3,667)

2.2%

SWO

Call

USD

9Dec26

306

11Sep24

5y

11,936,606

Long

(3,656)

2.2%

SWO

Call

USD

11Dec24

315

11Sep24

2y

11,936,606

Long

(3,656)

2.2%

SWO

Put

USD

9Dec26

306

11Sep24

5y

11,936,606

Long

(3,656)

2.2%

SWO

Put

USD

11Dec24

315

11Sep24

2y

11,936,606

Long

(3,656)

2.2%

SWO

Call

USD

11Dec24

309

11Sep24

7y

11,936,606

Short

(3,656)

2.2%

SWO

Put

USD

11Dec24

309

11Sep24

7y

11,936,606

Short

(3,656)

2.2%

SWO

Call

USD

12Nov26

324

14Aug24

5y

11,929,069

Long

(3,654)

2.2%

SWO

Call

USD

13Nov24

348

14Aug24

2y

11,929,069

Long

(3,654)

2.2%

SWO

Put

USD

12Nov26

324

14Aug24

5y

11,929,069

Long

(3,654)

2.2%

SWO

Put

USD

13Nov24

348

14Aug24

2y

11,929,069

Long

(3,654)

2.2%

SWO

Call

USD

13Nov24

331

14Aug24

7y

11,929,069

Short

(3,654)

2.2%

SWO

Put

USD

13Nov24

331

14Aug24

7y

11,929,069

Short

(3,654)

2.2%

SWO

Call

USD

16Dec26

304

18Sep24

5y

11,886,885

Long

(3,641)

2.2%

SWO

Call

USD

18Dec24

314

18Sep24

2y

11,886,885

Long

(3,641)

2.2%

SWO

Put

USD

16Dec26

304

18Sep24

5y

11,886,885

Long

(3,641)

2.2%

SWO

Put

USD

18Dec24

314

18Sep24

2y

11,886,885

Long

(3,641)

2.2%

SWO

Call

USD

18Dec24

307

18Sep24

7y

11,886,885

Short

(3,641)

2.2%

SWO

Put

USD

18Dec24

307

18Sep24

7y

11,886,885

Short

(3,641)

2.2%

SWO

Call

USD

4Nov26

324

7Aug24

5y

11,854,414

Long

(3,631)

2.1%

SWO

Call

USD

6Nov24

353

7Aug24

2y

11,854,414

Long

(3,631)

2.1%

SWO

Put

USD

4Nov26

324

7Aug24

5y

11,854,414

Long

(3,631)

2.1%

SWO

Put

USD

6Nov24

353

7Aug24

2y

11,854,414

Long

(3,631)

2.1%

SWO

Call

USD

6Nov24

333

7Aug24

7y

11,854,414

Short

(3,631)

2.1%

SWO

Put

USD

6Nov24

333

7Aug24

7y

11,854,414

Short

(3,631)

2.1%

SWO

Call

USD

11Oct34

393

24Jul24

5y

6,139,948

Long

(1,881)

1.1%

SWO

Call

USD

23Oct24

375

24Jul24

10y

6,139,948

Long

(1,881)

1.1%

SWO

Put

USD

11Oct34

393

24Jul24

5y

6,139,948

Long

(1,881)

1.1%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

14

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

JPOSFTRS

(FX

Volatility

Carry,

Foreign

Exchange)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SWO

Put

USD

23Oct24

375

24Jul24

10y

6,139,948

Long

(1,881)

1.1%

SWO

Call

USD

23Oct24

380

24Jul24

15y

6,139,948

Short

(1,881)

1.1%

SWO

Put

USD

23Oct24

380

24Jul24

15y

6,139,948

Short

(1,881)

1.1%

SWP

USD5y

070824041126

0.0324

5,374,804

Short

(1,646)

1.0%

SWP

USD5y

240724111034

0.0393

5,257,889

Short

(1,610)

1.0%

SWP

USD5y

180924161226

0.0304

4,852,401

Long

(1,486)

0.9%

SWP

USD5y

140824121126

0.0324

4,361,309

Short

(1,336)

0.8%

SWP

USD5y

110924091226

0.0306

4,311,620

Long

(1,321)

0.8%

SWO

Call

USD

2Dec26

340

4Sep24

20y

4,157,468

Long

(1,273)

0.8%

SWO

Call

USD

4Dec24

341

4Sep24

2y

4,157,468

Long

(1,273)

0.8%

SWO

Put

USD

2Dec26

340

4Sep24

20y

4,157,468

Long

(1,273)

0.8%

SWO

Put

USD

4Dec24

341

4Sep24

2y

4,157,468

Long

(1,273)

0.8%

SWO

Call

USD

25Nov26

342

28Aug24

20y

4,144,757

Long

(1,269)

0.7%

SWO

Call

USD

27Nov24

344

28Aug24

2y

4,144,757

Long

(1,269)

0.7%

SWO

Put

USD

25Nov26

342

28Aug24

20y

4,144,757

Long

(1,269)

0.7%

SWO

Put

USD

27Nov24

344

28Aug24

2y

4,144,757

Long

(1,269)

0.7%

SWO

Call

USD

4Dec24

342

4Sep24

20y

3,325,974

Short

(1,019)

0.6%

Other

Components

97,786,997

—

(29,950)

17.7%

Total

(169,311)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USDCNH,Put,6.82,05/11/24,27/09/24

$

4,630

Short

7

0.2%

USDCNH,Put,6.84,05/11/24,27/09/24

4,600

Short

7

0.2%

USDCNH,Put,6.86,05/11/24,27/09/24

4,569

Short

7

0.2%

USDCNH,Put,6.89,05/11/24,27/09/24

4,539

Short

7

0.2%

USDCNH,Put,6.91,05/11/24,27/09/24

4,509

Short

7

0.2%

USDCNH,Put,6.82,06/11/24,30/09/24

4,486

Short

7

0.2%

USDCNH,Put,6.93,05/11/24,27/09/24

4,479

Short

7

0.2%

USDCNH,Put,6.84,06/11/24,30/09/24

4,457

Short

7

0.2%

USDCNH,Put,6.95,05/11/24,27/09/24

4,450

Short

7

0.2%

USDCNH,Put,6.86,06/11/24,30/09/24

4,429

Short

7

0.2%

USDCNH,Call,6.98,05/11/24,27/09/24

4,421

Short

7

0.2%

USDCNH,Put,6.88,06/11/24,30/09/24

4,400

Short

7

0.2%

USDCNH,Call,7.00,05/11/24,27/09/24

4,392

Short

7

0.2%

USDCNH,Put,6.90,06/11/24,30/09/24

4,372

Short

7

0.2%

USDCNH,Call,7.02,05/11/24,27/09/24

4,364

Short

7

0.2%

USDCNH,Put,6.93,06/11/24,30/09/24

4,344

Short

7

0.2%

USDCNH,Call,7.05,05/11/24,27/09/24

4,336

Short

7

0.2%

USDCNH,Put,6.95,06/11/24,30/09/24

4,316

Short

7

0.2%

USDCNH,Call,7.07,05/11/24,27/09/24

4,308

Short

7

0.2%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

15

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

JPUS2TRS

(Short

Term

Risk

Reversal

Vol

Premium,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USDCNH,Call,6.97,06/11/24,30/09/24

4,288

Short

7

0.2%

USDCNH,Call,7.09,05/11/24,27/09/24

4,280

Short

6

0.2%

USDCNH,Call,6.99,06/11/24,30/09/24

4,261

Short

6

0.2%

USDCNH,Call,7.11,05/11/24,27/09/24

4,253

Short

6

0.2%

USDCNH,Call,7.02,06/11/24,30/09/24

4,234

Short

6

0.2%

USDCNH,Call,7.14,05/11/24,27/09/24

4,225

Short

6

0.2%

USDCNH,Call,7.04,06/11/24,30/09/24

4,207

Short

6

0.2%

USDCNH,Call,7.06,06/11/24,30/09/24

4,181

Short

6

0.2%

USDCNH,Call,7.08,06/11/24,30/09/24

4,155

Short

6

0.2%

USDCNH,Call,7.11,06/11/24,30/09/24

4,129

Short

6

0.2%

USDCNH,Put,6.90,18/10/24,06/09/24

4,121

Short

6

0.2%

USDCNH,Call,7.13,06/11/24,30/09/24

4,103

Short

6

0.2%

USDCNH,Put,6.92,18/10/24,06/09/24

4,096

Short

6

0.2%

USDCNH,Put,6.94,23/10/24,11/09/24

4,094

Short

6

0.2%

USDCNH,Put,6.94,18/10/24,06/09/24

4,072

Short

6

0.2%

USDCNH,Put,6.96,23/10/24,11/09/24

4,070

Short

6

0.2%

USDCNH,Put,6.96,18/10/24,06/09/24

4,048

Short

6

0.2%

USDCNH,Put,6.98,23/10/24,11/09/24

4,046

Short

6

0.2%

USDCNH,Put,6.92,17/10/24,05/09/24

4,042

Short

6

0.2%

USDCNH,Put,6.98,18/10/24,06/09/24

4,024

Short

6

0.2%

USDCNH,Put,7.00,23/10/24,11/09/24

4,022

Short

6

0.2%

USDCNH,Put,6.94,17/10/24,05/09/24

4,018

Short

6

0.2%

USDCNH,Put,7.00,18/10/24,06/09/24

4,000

Short

6

0.2%

USDCNH,Put,7.02,23/10/24,11/09/24

3,998

Short

6

0.2%

USDCNH,Put,6.96,17/10/24,05/09/24

3,995

Short

6

0.2%

USDCNH,Put,7.02,18/10/24,06/09/24

3,977

Short

6

0.2%

USDCNH,Put,7.04,23/10/24,11/09/24

3,975

Short

6

0.2%

USDCNH,Put,6.98,17/10/24,05/09/24

3,972

Short

6

0.2%

USDCNH,Call,7.05,18/10/24,06/09/24

3,954

Short

6

0.2%

USDCNH,Put,7.06,23/10/24,11/09/24

3,952

Short

6

0.2%

USDCNH,Put,6.85,04/11/24,26/09/24

3,951

Short

6

0.2%

Other

Components

2,307,362

—

3,498

91.6%

Total

3,818

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPXW

US

10/02/2024

P4950.0

Index

$

13

Short

60

2.8%

SPXW

US

10/02/2024

P5000.0

Index

12

Short

55

2.5%

SPXW

US

10/02/2024

P5025.0

Index

12

Short

52

2.4%

SPXW

US

10/02/2024

P5050.0

Index

11

Short

50

2.3%

SPXW

US

10/02/2024

P5075.0

Index

10

Short

47

2.2%

SPXW

US

10/02/2024

P5100.0

Index

10

Short

45

2.1%

SPXW

US

10/02/2024

P4975.0

Index

10

Short

43

2.0%

SPXW

US

10/02/2024

P5125.0

Index

9

Short

43

2.0%

SPXW

US

10/02/2024

P5715.0

Index

9

Short

42

1.9%

SPXW

US

10/02/2024

P5720.0

Index

9

Short

42

1.9%

SPXW

US

10/02/2024

P5710.0

Index

9

Short

41

1.9%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

16

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

MQIS22TRS

(Cross

Asset

Trend

CTA,

Multi

Asset)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPXW

US

10/02/2024

P5725.0

Index

9

Short

41

1.9%

SPXW

US

10/02/2024

P5705.0

Index

9

Short

40

1.9%

SPXW

US

10/02/2024

P5150.0

Index

9

Short

40

1.9%

SPXW

US

10/02/2024

P5730.0

Index

9

Short

40

1.8%

SPXW

US

10/02/2024

P5700.0

Index

9

Short

39

1.8%

SPXW

US

10/02/2024

P5175.0

Index

8

Short

38

1.8%

SPXW

US

10/02/2024

P5735.0

Index

8

Short

38

1.7%

SPXW

US

10/02/2024

P5695.0

Index

8

Short

38

1.7%

SPXW

US

10/02/2024

P5690.0

Index

8

Short

35

1.6%

SPXW

US

10/02/2024

P5740.0

Index

8

Short

34

1.6%

SPXW

US

10/02/2024

P5685.0

Index

7

Short

33

1.5%

SPXW

US

10/02/2024

P5680.0

Index

7

Short

32

1.5%

SPXW

US

10/02/2024

P5200.0

Index

7

Short

31

1.5%

SPXW

US

10/02/2024

P5745.0

Index

7

Short

30

1.4%

SPXW

US

10/02/2024

P5675.0

Index

7

Short

29

1.4%

SPXW

US

10/02/2024

P5670.0

Index

6

Short

28

1.3%

SPXW

US

10/02/2024

P5665.0

Index

6

Short

26

1.2%

SPXW

US

10/02/2024

P5660.0

Index

5

Short

24

1.1%

SPXW

US

10/02/2024

P5750.0

Index

5

Short

23

1.1%

SPXW

US

10/02/2024

P5655.0

Index

5

Short

22

1.0%

SPXW

US

10/02/2024

P5650.0

Index

4

Short

20

0.9%

SPXW

US

10/02/2024

P5240.0

Index

4

Short

20

0.9%

SPXW

US

10/02/2024

P5645.0

Index

4

Short

19

0.9%

SPXW

US

10/02/2024

P5260.0

Index

4

Short

19

0.9%

SPXW

US

09/30/2024

C5750.0

Index

4

Long

18

0.8%

SPXW

US

10/02/2024

C5785.0

Index

4

Long

18

0.8%

SPXW

US

10/02/2024

C5790.0

Index

4

Long

18

0.8%

SPXW

US

10/02/2024

P5210.0

Index

4

Short

18

0.8%

SPXW

US

10/02/2024

P5290.0

Index

4

Short

17

0.8%

SPXW

US

10/02/2024

P5640.0

Index

4

Short

17

0.8%

SPXW

US

10/02/2024

C5780.0

Index

4

Long

17

0.8%

SPXW

US

10/02/2024

C5795.0

Index

4

Long

17

0.8%

SPXW

US

10/02/2024

P5635.0

Index

4

Short

16

0.7%

SPXW

US

10/02/2024

P5250.0

Index

4

Short

16

0.7%

SPXW

US

09/30/2024

C5755.0

Index

3

Long

15

0.7%

SPXW

US

10/02/2024

P5755.0

Index

3

Short

15

0.7%

SPXW

US

10/02/2024

C5800.0

Index

3

Long

15

0.7%

SPXW

US

10/02/2024

P5230.0

Index

3

Short

15

0.7%

SPXW

US

10/02/2024

P5630.0

Index

3

Short

15

0.7%

Other

Components

146

—

658

30.4%

Total

2,164

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SGDUSD

10/17/2024

$

1,473,459

Long

(10,902)

25.6%

TWDUSD

10/18/2024

955,411

Short

(7,069)

16.6%

IDRUSD

10/18/2024

632,643

Long

(4,681)

11.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

17

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

ZARUSD

10/17/2024

550,077

Long

(4,070)

9.5%

XMZ4

Comdty

483,139

Long

(3,575)

8.4%

MXNUSD

10/17/2024

346,334

Short

(2,563)

6.0%

BRLUSD

10/18/2024

318,254

Short

(2,355)

5.5%

KRWUSD

10/18/2024

271,033

Short

(2,005)

4.7%

CNHUSD

10/17/2024

182,941

Long

(1,354)

3.2%

INRUSD

10/18/2024

178,977

Long

(1,324)

3.1%

CTZ4

Comdty

69,546

Short

(515)

1.2%

LCZ4

Comdty

49,644

Long

(367)

0.9%

LHZ4

Comdty

39,307

Long

(291)

0.7%

NGX24

Comdty

23,228

Short

(172)

0.4%

HOX4

Comdty

22,057

Short

(163)

0.4%

GBP

Curncy

20,222

Short

-

0.4%

KCZ4

Comdty

16,668

Long

(123)

0.3%

C

Z4

Comdty

13,916

Short

(103)

0.2%

XBX4

Comdty

13,445

Short

(99)

0.2%

TYZ4

Comdty

11,462

Long

(85)

0.2%

JBZ4

Comdty

10,537

Long

(78)

0.2%

AUD

Curncy

10,206

Long

-

0.2%

CAD

Curncy

9,943

Long

-

0.2%

TUZ4

Comdty

9,598

Long

(71)

0.2%

CNZ4

Comdty

9,333

Long

(69)

0.2%

S

X4

Comdty

7,597

Short

(56)

0.1%

G

Z4

Comdty

6,025

Long

(45)

0.1%

FVZ4

Comdty

4,967

Long

(37)

0.1%

RXZ4

Comdty

4,882

Long

(36)

0.1%

DUZ4

Comdty

4,408

Long

(33)

0.1%

SIZ4

Comdty

4,039

Long

(30)

0.1%

W

Z4

Comdty

3,911

Short

(29)

0.1%

JPY

Curncy

3,252

Short

-

0.1%

OEZ4

Comdty

2,369

Long

(18)

0.0%

EUR

Curncy

1,804

Long

-

0.0%

COF5

Comdty

416

Short

(3)

0.0%

CLX4

Comdty

270

Short

(2)

0.0%

ESZ4

Index

178

Long

(1)

0.0%

VGZ4

Index

139

Long

(1)

0.0%

GCZ4

Comdty

136

Long

(1)

0.0%

SMZ4

Comdty

110

Short

(1)

0.0%

PLF5

Comdty

74

Long

(1)

0.0%

XPZ4

Index

53

Long

(0)

0.0%

Z

Z4

Index

49

Long

(0)

0.0%

LLX4

Comdty

42

Short

(0)

0.0%

LAX24

Comdty

41

Long

(0)

0.0%

LPX24

Comdty

10

Long

(0)

0.0%

NQZ4

Index

10

Long

(0)

0.0%

NKZ4

Index

9

Long

(0)

0.0%

CCZ4

Comdty

3

Long

(0)

0.0%

Other

Components

3

Short

(0)

0.0%

Total

(42,328)

100.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

18

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

MQIS6TRS

(FX

Linear

Carry,

Foreign

Exchange)

basket.

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

MQISBTRS

(Cross-Asset

Multi

Factor

Basket,

Multi

Asset)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

KRWUSD

10/18/24

$

1,409,007

Short

(8,599)

19.2%

INRUSD

10/18/24

1,326,991

Long

(8,098)

18.1%

HUFUSD

10/17/24

1,255,601

Long

(7,663)

17.1%

AUDUSD

10/17/24

892,326

Short

(5,446)

12.1%

IDRUSD

10/18/24

617,616

Long

(3,769)

8.4%

CHFUSD

10/17/24

511,714

Short

(3,123)

7.0%

NOKUSD

10/17/24

441,949

Short

(2,697)

6.0%

BRLUSD

10/18/24

345,149

Long

(2,106)

4.7%

CNHUSD

10/17/24

312,636

Short

(1,908)

4.3%

SEKUSD

10/17/24

124,149

Short

(758)

1.7%

ZARUSD

10/17/24

87,663

Long

(535)

1.2%

MXNUSD

10/17/24

24,425

Long

(149)

0.3%

Total

(44,850)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SBK5

Comdty

$

4,339,301

Long

(14,136)

10.3%

BOZ4

Comdty

3,091,180

Short

(10,070)

7.4%

SBH5

Comdty

2,404,563

Short

(7,833)

5.7%

INRUSD

10/18/2024

1,758,902

Long

(5,730)

4.2%

AUDUSD

10/17/2024

1,265,631

Short

(4,123)

3.0%

BOH5

Comdty

1,220,396

Long

(3,976)

2.9%

CNHUSD

10/17/2024

1,111,591

Short

(3,621)

2.6%

BOK5

Comdty

963,812

Long

(3,140)

2.3%

IDRUSD

10/18/2024

871,261

Long

(2,838)

2.1%

KRWUSD

10/18/2024

827,854

Short

(2,697)

2.0%

CTK5

Comdty

802,564

Long

(2,615)

1.9%

LCZ4

Comdty

784,030

Short

(2,554)

1.9%

XBX4

Comdty

783,194

Short

(2,551)

1.9%

GBPUSD

10/17/2024

768,624

Short

(2,504)

1.8%

NGX24

Comdty

740,090

Short

(2,411)

1.8%

HUFUSD

10/17/2024

714,513

Long

(2,328)

1.7%

BOF5

Comdty

664,237

Long

(2,164)

1.6%

ZARUSD

10/17/2024

598,883

Long

(1,951)

1.4%

NGH25

Comdty

591,527

Long

(1,927)

1.4%

LHZ4

Comdty

570,578

Short

(1,859)

1.4%

LCM5

Comdty

561,520

Long

(1,829)

1.3%

BRLUSD

10/18/2024

560,155

Long

(1,825)

1.3%

LHM5

Comdty

524,776

Long

(1,710)

1.3%

NGF25

Comdty

503,322

Long

(1,640)

1.2%

CADUSD

10/16/2024

469,953

Short

(1,531)

1.1%

HOX4

Comdty

406,512

Short

(1,324)

1.0%

XBK5

Comdty

405,745

Long

(1,322)

1.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

19

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

MSVCDNTRS

(Nasdaq

Relative

Value

Volatility,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

NZDUSD

10/17/2024

382,642

Short

(1,247)

0.9%

HGZ4

Comdty

374,662

Short

(1,221)

0.9%

CHFUSD

10/17/2024

368,358

Short

(1,200)

0.9%

C

Z4

Comdty

355,012

Short

(1,157)

0.8%

C

K5

Comdty

332,627

Long

(1,084)

0.8%

SGDUSD

10/17/2024

295,740

Long

(963)

0.7%

SEKUSD

10/17/2024

291,696

Short

(950)

0.7%

LCV4

Comdty

291,513

Long

(950)

0.7%

SBN5

Comdty

283,056

Long

(922)

0.7%

NOKUSD

10/17/2024

277,706

Short

(905)

0.7%

PLNUSD

10/17/2024

257,419

Long

(839)

0.6%

NGG25

Comdty

238,298

Short

(776)

0.6%

NGK25

Comdty

237,000

Short

(772)

0.6%

FCX4

Comdty

233,299

Short

(760)

0.6%

KCZ4

Comdty

232,387

Short

(757)

0.6%

CLPUSD

10/18/2024

228,864

Long

(746)

0.5%

NGN25

Comdty

227,693

Long

(742)

0.5%

W

Z4

Comdty

217,877

Short

(710)

0.5%

DAV4

Comdty

217,282

Long

(708)

0.5%

EURUSD

10/17/2024

215,224

Short

(701)

0.5%

XBH5

Comdty

211,010

Long

(687)

0.5%

KCK5

Comdty

209,748

Long

(683)

0.5%

KCH5

Comdty

209,633

Long

(683)

0.5%

Other

Components

7,476,638

_

(24,357)

17.8%

Total

(136,728)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USD

Curncy

$

9,370,143

Long

-

98.9%

NDXP

UL

10/04/24

P20150

Index

1,285

Short

368

0.0%

NDXP

UL

10/04/24

P20140

Index

1,255

Short

360

0.0%

NDXP

UL

10/04/24

P20110

Index

1,168

Short

335

0.0%

NDXP

UL

10/04/24

P20100

Index

1,140

Short

327

0.0%

NDXP

UL

10/04/24

P20090

Index

1,113

Short

319

0.0%

NDXP

UL

10/04/24

P20060

Index

1,033

Short

296

0.0%

NDXP

UL

10/04/24

P20050

Index

1,007

Short

289

0.0%

NDXP

UL

10/04/24

P20040

Index

982

Short

282

0.0%

NDXP

UL

10/04/24

P20130

Index

919

Short

264

0.0%

NDXP

UL

10/04/24

P20010

Index

909

Short

261

0.0%

NDXP

UL

10/04/24

P20120

Index

898

Short

257

0.0%

NDXP

UL

10/04/24

P20000

Index

886

Short

254

0.0%

NDXP

UL

10/04/24

P19990

Index

863

Short

248

0.0%

NDXP

UL

10/04/24

P20080

Index

814

Short

233

0.0%

NDXP

UL

10/04/24

P19960

Index

797

Short

229

0.0%

NDXP

UL

10/04/24

P20070

Index

794

Short

228

0.0%

NDXP

UL

10/04/24

P19950

Index

776

Short

223

0.0%

NDXP

UL

10/04/24

P19940

Index

756

Short

217

0.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

20

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

MSVCDRTRS

(Russell

Relative

Value

Volatility,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

NDXP

UL

10/04/24

P20030

Index

718

Short

206

0.0%

NDXP

UL

10/04/24

P20020

Index

700

Short

201

0.0%

NDXP

UL

10/04/24

P19910

Index

697

Short

200

0.0%

NDXP

UL

10/04/24

P19900

Index

678

Short

194

0.0%

NDXP

UL

10/04/24

P19890

Index

659

Short

189

0.0%

NDXP

UL

10/04/24

P19980

Index

631

Short

181

0.0%

NDX

UL

06/20/25

P17300

Index

624

Long

179

0.0%

NDX

UL

06/20/25

P13800

Index

623

Long

179

0.0%

NDXP

UL

10/04/24

P19970

Index

614

Short

176

0.0%

NDX

UL

06/20/25

P17200

Index

610

Long

175

0.0%

NDXP

UL

10/04/24

P19860

Index

606

Short

174

0.0%

NDXP

UL

10/04/24

P20125

Index

606

Short

174

0.0%

NDX

UL

06/20/25

P16800

Index

601

Long

172

0.0%

NDX

UL

06/20/25

P13600

Index

598

Long

172

0.0%

NDX

UL

06/20/25

P17100

Index

596

Long

171

0.0%

NDXP

UL

10/04/24

P19850

Index

589

Short

169

0.0%

NDX

UL

06/20/25

P16700

Index

588

Long

168

0.0%

NDX

UL

06/20/25

P17000

Index

583

Long

167

0.0%

NDX

UL

06/20/25

P13400

Index

575

Long

165

0.0%

NDX

UL

06/20/25

P16600

Index

574

Long

165

0.0%

NDXP

UL

10/04/24

P19840

Index

573

Short

164

0.0%

NDX

UL

06/20/25

P16900

Index

570

Long

163

0.0%

NDX

UL

06/20/25

P16500

Index

562

Long

161

0.0%

NDX

UL

06/20/25

P13200

Index

553

Long

159

0.0%

NDXP

UL

10/04/24

P19930

Index

552

Short

158

0.0%

NDX

UL

06/20/25

P16400

Index

549

Long

157

0.0%

NDXP

UL

10/04/24

P19920

Index

537

Short

154

0.0%

NDX

UL

06/20/25

P16300

Index

537

Long

154

0.0%

NDXP

UL

10/04/24

P20075

Index

536

Short

154

0.0%

NDX

UL

06/20/25

P13000

Index

533

Long

153

0.0%

NDX

UL

03/21/25

P14800

Index

531

Long

152

0.0%

Other

Components

63,827

_

18,301

0.7%

Total

28,593

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

USD

Curncy

$

6,563,932

Long

-

98.9%

RUTW

UO

10/04/24

P2210

Index

3,110

Short

1,900

0.0%

RUTW

UO

10/04/24

P2205

Index

2,816

Short

1,720

0.0%

RUTW

UO

10/04/24

P2200

Index

2,542

Short

1,553

0.0%

RUTW

UO

10/04/24

P2195

Index

2,289

Short

1,398

0.0%

RUT

UO

06/20/25

P1900

Index

2,097

Long

1,281

0.0%

RUTW

UO

10/04/24

P2190

Index

2,053

Short

1,255

0.0%

RUT

UO

06/20/25

P1850

Index

1,872

Long

1,144

0.0%

RUT

UO

06/20/25

P1950

Index

1,843

Long

1,126

0.0%

RUTW

UO

10/04/24

P2185

Index

1,836

Short

1,122

0.0%

RUT

UO

06/20/25

P1800

Index

1,678

Long

1,025

0.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

21

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

NMUSSLTRS

(Equity

Long

Short

Multi

Factor

(Long),

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

RUTW

UO

10/04/24

P2180

Index

1,636

Short

1,000

0.0%

RUT

UO

06/20/25

P1750

Index

1,511

Long

923

0.0%

RUTW

UO

10/04/24

P2175

Index

1,452

Short

887

0.0%

RUT

UO

06/20/25

P1700

Index

1,370

Long

837

0.0%

RUTW

UO

10/04/24

P2170

Index

1,284

Short

784

0.0%

RUT

UO

06/20/25

P1650

Index

1,251

Long

764

0.0%

RUT

UO

06/20/25

P1600

Index

1,150

Long

703

0.0%

RUTW

UO

10/04/24

P2165

Index

1,130

Short

690

0.0%

RUT

UO

06/20/25

P1550

Index

1,065

Long

650

0.0%

RUT

UO

06/20/25

P2000

Index

1,017

Long

621

0.0%

RUT

UO

06/20/25

P1500

Index

992

Long

606

0.0%

RUTW

UO

10/04/24

P2160

Index

990

Short

605

0.0%

RUT

UO

06/20/25

P1450

Index

929

Long

568

0.0%

RUT

UO

03/21/25

P1600

Index

879

Long

537

0.0%

RUT

UO

06/20/25

P1400

Index

874

Long

534

0.0%

RUTW

UO

10/04/24

P2155

Index

863

Short

527

0.0%

RUT

UO

06/20/25

P1350

Index

825

Long

504

0.0%

RUT

UO

03/21/25

P1550

Index

806

Long

492

0.0%

RUT

UO

06/20/25

P1300

Index

781

Long

477

0.0%

RUTW

UO

10/04/24

P2150

Index

750

Short

458

0.0%

RUT

UO

03/21/25

P1500

Index

743

Long

454

0.0%

RUT

UO

06/20/25

P1250

Index

740

Long

452

0.0%

RUT

UO

03/21/25

P1450

Index

688

Long

420

0.0%

RUT

UO

03/21/25

P1650

Index

676

Long

413

0.0%

RUTW

UO

10/04/24

P2145

Index

649

Short

396

0.0%

RUT

UO

06/20/25

P1200

Index

647

Long

395

0.0%

RUT

UO

03/21/25

P1400

Index

638

Long

390

0.0%

RUT

UO

06/20/25

P1150

Index

613

Long

374

0.0%

RUT

UO

03/21/25

P1350

Index

593

Long

362

0.0%

RUTW

UO

10/04/24

P2140

Index

560

Short

342

0.0%

RUT

UO

03/21/25

P1300

Index

551

Long

337

0.0%

RUT

UO

06/20/25

P1100

Index

536

Long

327

0.0%

RUT

UO

03/21/25

P1250

Index

512

Long

313

0.0%

RUTW

UO

10/04/24

P2135

Index

482

Short

295

0.0%

RUT

UO

03/21/25

P1200

Index

475

Long

290

0.0%

RUT

UO

06/20/25

P2050

Index

462

Long

282

0.0%

RUT

UO

06/20/25

P1050

Index

455

Long

278

0.0%

RUT

UO

03/21/25

P1150

Index

440

Long

269

0.0%

RUT

UO

06/20/25

P1000

Index

430

Long

263

0.0%

Other

Components

17,192

_

10,503

0.3%

Total

43,849

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

PG&E

Corp

$

9,980

—

38,238

12.3%

Energy

Transfer

LP

5,856

—

22,438

7.2%

VICI

Properties

Inc

5,131

—

19,658

6.3%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

22

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

APA

Corp

4,761

—

18,241

5.9%

Roivant

Sciences

Ltd

4,752

—

18,208

5.9%

Intel

Corp

4,645

—

17,797

5.7%

Constellium

SE

4,476

—

17,151

5.5%

CVS

Health

Corp

3,189

—

12,219

3.9%

Walmart

Inc

2,916

—

11,171

3.6%

Fifth

Third

Bancorp

2,847

—

10,910

3.5%

Corteva

Inc

2,648

—

10,147

3.3%

Boston

Scientific

Corp

2,372

—

9,087

2.9%

NVIDIA

Corp

2,250

—

8,621

2.8%

Hexcel

Corp

2,102

—

8,055

2.6%

Amazon.com

Inc

2,069

—

7,929

2.6%

Oracle

Corp

1,759

—

6,741

2.2%

Advanced

Micro

Devices

Inc

1,529

—

5,860

1.9%

Gen

Digital

Inc

1,302

—

4,987

1.6%

Illumina

Inc

952

—

3,649

1.2%

KKR

&

Co

Inc

790

—

3,029

1.0%

Salesforce

Inc

779

—

2,986

1.0%

Cadence

Design

Systems

Inc

742

—

2,844

0.9%

CCC

Intelligent

Solutions

Hold

738

—

2,828

0.9%

NCR

Voyix

Corp

706

—

2,706

0.9%

Adobe

Inc

641

—

2,458

0.8%

Lennar

Corp

624

—

2,390

0.8%

Beyond

Inc

612

—

2,344

0.8%

Visa

Inc

598

—

2,290

0.7%

Autodesk

Inc

592

—

2,269

0.7%

Kyndryl

Holdings

Inc

525

—

2,013

0.6%

Groupon

Inc

517

—

1,979

0.6%

FedEx

Corp

487

—

1,867

0.6%

CyberArk

Software

Ltd

467

—

1,790

0.6%

Juniper

Networks

Inc

381

—

1,460

0.5%

RingCentral

Inc

375

—

1,437

0.5%

Meta

Platforms

Inc

367

—

1,407

0.5%

DocuSign

Inc

362

—

1,385

0.4%

Vertiv

Holdings

Co

342

—

1,310

0.4%

Hewlett

Packard

Enterprise

Co

320

—

1,227

0.4%

Booz

Allen

Hamilton

Holding

Co

297

—

1,137

0.4%

Tenable

Holdings

Inc

289

—

1,107

0.4%

HubSpot

Inc

249

—

954

0.3%

Alphabet

Inc

246

—

942

0.3%

Alphabet

Inc

245

—

940

0.3%

Ambarella

Inc

239

—

917

0.3%

Equifax

Inc

236

—

903

0.3%

Ciena

Corp

223

—

855

0.3%

Amdocs

Ltd

218

—

835

0.3%

Palo

Alto

Networks

Inc

203

—

779

0.3%

Rapid7

Inc

203

—

779

0.3%

Other

Components

1,712

—

6,560

2.1%

Total

309,837

100.0%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

23

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

NMUSSSTRS

(Equity

Long

Short

Multi

Factor

(Short),

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Wolfspeed

Inc

$

6,284

—

(22,950)

8.1%

Williams

Cos

Inc/The

2,851

—

(10,414)

3.7%

Viatris

Inc

1,900

—

(6,939)

2.4%

Dropbox

Inc

1,813

—

(6,620)

2.3%

Warner

Bros

Discovery

Inc

1,723

—

(6,293)

2.2%

Lattice

Semiconductor

Corp

1,589

—

(5,802)

2.0%

State

Street

Corp

1,541

—

(5,629)

2.0%

TripAdvisor

Inc

1,415

—

(5,169)

1.8%

LyondellBasell

Industries

NV

1,354

—

(4,947)

1.7%

Cleveland-Cliffs

Inc

1,349

—

(4,926)

1.7%

Edwards

Lifesciences

Corp

1,209

—

(4,416)

1.6%

Medtronic

PLC

1,208

—

(4,411)

1.6%

Palantir

Technologies

Inc

1,103

—

(4,029)

1.4%

Chipotle

Mexican

Grill

Inc

1,079

—

(3,939)

1.4%

Marvell

Technology

Inc

1,047

—

(3,825)

1.3%

Corning

Inc

1,036

—

(3,785)

1.3%

GameStop

Corp

1,010

—

(3,690)

1.3%

Cisco

Systems

Inc

1,008

—

(3,680)

1.3%

United

States

Steel

Corp

962

—

(3,515)

1.2%

Under

Armour

Inc

957

—

(3,496)

1.2%

Cloudflare

Inc

955

—

(3,488)

1.2%

R1

RCM

Inc

925

—

(3,379)

1.2%

Lumentum

Holdings

Inc

884

—

(3,228)

1.1%

Dynatrace

Inc

876

—

(3,198)

1.1%

Albertsons

Cos

Inc

865

—

(3,160)

1.1%

Paychex

Inc

857

—

(3,129)

1.1%

ON

Semiconductor

Corp

782

—

(2,857)

1.0%

Pinterest

Inc

773

—

(2,824)

1.0%

Marathon

Oil

Corp

745

—

(2,722)

1.0%

Zoom

Video

Communications

Inc

714

—

(2,608)

0.9%

Grocery

Outlet

Holding

Corp

706

—

(2,578)

0.9%

Wells

Fargo

&

Co

703

—

(2,568)

0.9%

Allegro

MicroSystems

Inc

680

—

(2,484)

0.9%

BILL

Holdings

Inc

666

—

(2,433)

0.9%

Steel

Dynamics

Inc

629

—

(2,296)

0.8%

Norwegian

Cruise

Line

Holdings

606

—

(2,214)

0.8%

Vontier

Corp

600

—

(2,190)

0.8%

GLOBALFOUNDRIES

Inc

592

—

(2,162)

0.8%

Mid-America

Apartment

Communit

570

—

(2,080)

0.7%

GoDaddy

Inc

555

—

(2,025)

0.7%

HF

Sinclair

Corp

544

—

(1,989)

0.7%

AppLovin

Corp

534

—

(1,950)

0.7%

DraftKings

Inc

520

—

(1,900)

0.7%

Amphenol

Corp

517

—

(1,889)

0.7%

KB

Home

516

—

(1,886)

0.7%

Permian

Resources

Corp

506

—

(1,849)

0.7%

Incyte

Corp

492

—

(1,795)

0.6%

Starbucks

Corp

483

—

(1,763)

0.6%

Entegris

Inc

479

—

(1,748)

0.6%

Arch

Capital

Group

Ltd

478

—

(1,746)

0.6%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

24

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

NMXCMDTRS

(Cross

Asset

Trend

Daily,

Multi

Asset)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Other

Components

25,480

—

(93,058)

32.8%

Total

(283,673)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Forward

Interest

Rate

Swap

EUR

1y

@

17/10/2024

$

6,781,406

Long

(4,672)

16.0%

Forward

Interest

Rate

Swap

USD

1Y

@

17/10/2024

6,780,218

Long

(4,671)

16.0%

Forward

Interest

Rate

Swap

USD

2Y

@

17/10/2024

3,431,327

Long

(2,364)

8.1%

Forward

Interest

Rate

Swap

EUR

2y

@

17/10/2024

3,411,628

Long

(2,350)

8.1%

SGD

Forward

@

15/11/2024

3,161,062

Long

(2,178)

7.5%

Forward

Interest

Rate

Swap

GBP

1y

@

15/10/2024

2,957,444

Long

(2,038)

7.0%

CNH

Forward

@

15/11/2024

1,659,911

Long

(1,144)

3.9%

Forward

Interest

Rate

Swap

GBP

2y

@

15/10/2024

1,504,088

Long

(1,036)

3.6%

Forward

Interest

Rate

Swap

USD

5Y

@

17/10/2024

1,438,734

Long

(991)

3.4%

Forward

Interest

Rate

Swap

EUR

5y

@

17/10/2024

1,408,787

Long

(971)

3.3%

GCZ4

Comdty

1,073,799

Long

(740)

2.5%

PLN

Forward

@

15/11/2024

1,022,901

Long

(705)

2.4%

ZAR

Forward

@

15/11/2024

914,632

Long

(630)

2.2%

ESZ4

Index

799,371

Long

(551)

1.9%

Forward

Interest

Rate

Swap

USD

10Y

@

17/10/2024

777,882

Long

(536)

1.8%

Forward

Interest

Rate

Swap

EUR

10y

@

17/10/2024

744,118

Long

(513)

1.8%

INR

Forward

@

18/11/2024

711,626

Long

(490)

1.7%

Forward

Interest

Rate

Swap

GBP

5y

@

15/10/2024

632,123

Long

(436)

1.5%

Forward

Interest

Rate

Swap

JPY

5Y

@

17/10/2024

575,199

Long

(396)

1.4%

LPX24

Comdty

425,974

Long

(293)

1.0%

KRW

Forward

@

15/11/2024

377,240

Long

(260)

0.9%

Forward

Interest

Rate

Swap

GBP

10y

@

15/10/2024

343,414

Long

(237)

0.8%

VGZ4

Index

328,667

Long

(226)

0.8%

MXN

Forward

@

15/11/2024

302,986

Short

(209)

0.7%

Forward

Interest

Rate

Swap

JPY

10Y

@

17/10/2024

294,218

Long

(203)

0.7%

NGX24

Comdty

136,247

Short

(94)

0.3%

COZ4

Comdty

122,943

Short

(85)

0.3%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

25

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

VMACBTRS

(Commodity

Volatility

Carry,

Commodity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

CLX4

Comdty

84,600

Short

(58)

0.2%

NIZ4

Index

67,863

Long

(47)

0.2%

BRL

Forward

@

18/11/2024

67,328

Short

(46)

0.2%

Total

(29,169)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

CTZ4

Comdty

$

148,152

Long

(4,046)

8.3%

KCZ4

Comdty

89,211

Long

(2,436)

5.0%

GCZ4C

2485

Comdty

31,046

Short

(848)

1.7%

HOX4

Comdty

24,648

Short

(673)

1.4%

KCH5

Comdty

22,556

Long

(616)

1.3%

GCZ4C

2535

Comdty

20,907

Short

(571)

1.2%

GCZ4C

2425

Comdty

19,848

Short

(542)

1.1%

GCZ4C

2460

Comdty

19,714

Short

(538)

1.1%

GCZ4C

2480

Comdty

18,865

Short

(515)

1.1%

GCZ4C

2420

Comdty

18,410

Short

(503)

1.0%

COZ4P

76.25

Comdty

18,004

Short

(492)

1.0%

GCZ4C

2510

Comdty

16,865

Short

(461)

0.9%

GCZ4C

2180

Comdty

16,802

Short

(459)

0.9%

GCZ4C

2440

Comdty

16,188

Short

(442)

0.9%

GCZ4C

2315

Comdty

16,139

Short

(441)

0.9%

GCZ4C

2340

Comdty

16,107

Short

(440)

0.9%

GCZ4C

2320

Comdty

15,789

Short

(431)

0.9%

GCZ4C

2585

Comdty

15,052

Short

(411)

0.8%

LPV4C

9150

Comdty

14,936

Short

(408)

0.8%

GCZ4C

2270

Comdty

14,926

Short

(408)

0.8%

COZ4P

74.5

Comdty

14,749

Short

(403)

0.8%

GCZ4C

2540

Comdty

14,572

Short

(398)

0.8%

COZ4P

75.25

Comdty

14,538

Short

(397)

0.8%

GCZ4C

2595

Comdty

14,172

Short

(387)

0.8%

COZ4P

71.75

Comdty

13,947

Short

(381)

0.8%

GCZ4C

2600

Comdty

13,398

Short

(366)

0.7%

LPV4C

9000

Comdty

13,363

Short

(365)

0.7%

COZ4

Comdty

13,343

Short

(364)

0.7%

GCZ4C

2570

Comdty

12,604

Short

(344)

0.7%

COZ4P

73

Comdty

12,238

Short

(334)

0.7%

LPX4C

9525

Comdty

12,203

Short

(333)

0.7%

LPX4C

9175

Comdty

11,924

Short

(326)

0.7%

GCZ4C

2325

Comdty

11,915

Short

(325)

0.7%

GCZ4C

2450

Comdty

11,769

Short

(321)

0.7%

GCZ4C

2410

Comdty

11,767

Short

(321)

0.7%

COZ4P

77.75

Comdty

11,091

Short

(303)

0.6%

LPX4C

9200

Comdty

11,073

Short

(302)

0.6%

GCZ4C

2475

Comdty

10,993

Short

(300)

0.6%

GCZ4C

2310

Comdty

10,884

Short

(297)

0.6%

LPV4C

9350

Comdty

10,181

Short

(278)

0.6%

GCZ4C

2335

Comdty

9,885

Short

(270)

0.6%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

26

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

VMACFTRS

(Commodity

Macro

Hedge,

Commodity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

LPX4C

9300

Comdty

9,820

Short

(268)

0.5%

COF5P

69

Comdty

9,748

Short

(266)

0.5%

GCZ4C

2560

Comdty

9,657

Short

(264)

0.5%

COZ4P

70.75

Comdty

9,316

Short

(254)

0.5%

COZ4P

76

Comdty

8,581

Short

(234)

0.5%

GCZ4C

2175

Comdty

8,369

Short

(229)

0.5%

GCZ4C

2445

Comdty

8,343

Short

(228)

0.5%

GCZ4C

2195

Comdty

8,251

Short

(225)

0.5%

GCZ4C

2430

Comdty

8,188

Short

(224)

0.5%

Other

Components

872,284

—

(23,819)

48.8%

Total

(48,806)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

BOH5

Comdty

$

765,546

Long

(7,845)

15.3%

BOZ4

Comdty

624,301

Short

(6,398)

12.5%

LHZ4

Comdty

282,658

Short

(2,897)

5.7%

LHM5

Comdty

277,287

Long

(2,842)

5.6%

NGZ24

Comdty

270,458

Short

(2,772)

5.4%

LCZ4

Comdty

225,448

Short

(2,310)

4.5%

LCM5

Comdty

221,164

Long

(2,266)

4.4%

CTZ4

Comdty

217,327

Short

(2,227)

4.4%

CTH5

Comdty

213,197

Long

(2,185)

4.3%

NGF25

Comdty

197,704

Long

(2,026)

4.0%

KCZ4

Comdty

180,567

Short

(1,850)

3.6%

KCH5

Comdty

177,136

Long

(1,815)

3.6%

BOF5

Comdty

156,075

Short

(1,599)

3.1%

C

Z4

Comdty

136,389

Short

(1,398)

2.7%

C

H5

Comdty

133,797

Long

(1,371)

2.7%

XBZ4

Comdty

91,953

Short

(942)

1.8%

HOZ4

Comdty

74,464

Short

(763)

1.5%

XBF5

Comdty

67,217

Long

(689)

1.3%

NGH25

Comdty

66,330

Long

(680)

1.3%

HOF5

Comdty

54,433

Long

(558)

1.1%

S

H5

Comdty

51,191

Long

(525)

1.0%

W

Z4

Comdty

50,778

Short

(520)

1.0%

S

X4

Comdty

41,746

Short

(428)

0.8%

W

K5

Comdty

39,850

Long

(408)

0.8%

HGZ4

Comdty

33,245

Short

(341)

0.7%

KWZ4

Comdty

32,144

Short

(329)

0.6%

HGH5

Comdty

30,309

Long

(311)

0.6%

SBH5

Comdty

28,051

Short

(287)

0.6%

KWK5

Comdty

25,226

Long

(259)

0.5%

XBH5

Comdty

22,551

Long

(231)

0.5%

HOH5

Comdty

18,262

Long

(187)

0.4%

CLH5

Comdty

10,852

Long

(111)

0.2%

S

F5

Comdty

10,437

Short

(107)

0.2%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

27

*

The

following

table

shows

the

individual

positions

and

related

values

of

the

securities

within

the

VMAQDSTRS

(Equity

Signal

Volatility

Carry,

Equity)

basket.

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

W

N5

Comdty

9,963

Long

(102)

0.2%

CLX4

Comdty

8,850

Short

(91)

0.2%

KWN5

Comdty

6,307

Long

(65)

0.1%

COZ4P

76.25

Comdty

6,048

Short

(62)

0.1%

COZ4P

74.5

Comdty

4,955

Short

(51)

0.1%

COG5P

37.5

Comdty

4,888

Long

(50)

0.1%

COZ4P

75.25

Comdty

4,884

Short

(50)

0.1%

COZ4P

71.75

Comdty

4,685

Short

(48)

0.1%

COZ4

Comdty

4,482

Short

(46)

0.1%

COZ4P

73

Comdty

4,111

Short

(42)

0.1%

COZ4P

77.75

Comdty

3,726

Short

(38)

0.1%

COF5P

69

Comdty

3,275

Short

(34)

0.1%

COF5P

42

Comdty

3,263

Long

(33)

0.1%

COZ4P

70.75

Comdty

3,130

Short

(32)

0.1%

COF5P

37.5

Comdty

2,966

Long

(30)

0.1%

COG5P

35

Comdty

2,899

Long

(30)

0.1%

COZ4P

76

Comdty

2,883

Short

(30)

0.1%

Other

Components

77,985

—

(799)

1.6%

Total

(51,111)

100.0%

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPXW

US

10/04/24

C5740

Index

$

6,738

Short

8,857

22.2%

SPXW

US

10/04/24

P5700

Index

5,714

Short

7,511

18.8%

SPXW

US

10/04/24

C5800

Index

3,831

Short

5,035

12.6%

SPXW

US

10/02/24

C5730

Index

3,507

Short

4,610

11.5%

SPXW

US

10/04/24

P5740

Index

3,407

Long

4,478

11.2%

SPXW

US

10/02/24

C5800

Index

2,462

Short

3,236

8.1%

SPXW

US

10/02/24

P5700

Index

1,106

Short

1,453

3.6%

SPXW

US

10/02/24

P5730

Index

901

Long

1,184

3.0%

SPXW

US

10/04/24

P5600

Index

710

Short

933

2.3%

SPXW

US

10/04/24

P5500

Index

360

Short

474

1.2%

SPXW

US

10/04/24

C5900

Index

259

Short

341

0.9%

SPXW

US

10/02/24

P5600

Index

216

Short

284

0.7%

SPXW

US

10/04/24

P5300

Index

153

Short

201

0.5%

SPXW

US

10/04/24

P5100

Index

132

Short

173

0.4%

ESZ4

Index

115

Long

151

0.4%

SPXW

US

10/04/24

P5400

Index

112

Short

148

0.4%

SPXW

US

10/04/24

P4900

Index

108

Short

142

0.4%

SPXW

US

10/04/24

P5000

Index

82

Short

108

0.3%

SPXW

US

10/04/24

P5200

Index

79

Short

104

0.3%

SPXW

US

10/02/24

P5200

Index

61

Short

80

0.2%

SPXW

US

10/04/24

P4800

Index

56

Short

74

0.2%

SPXW

US

10/02/24

P5000

Index

52

Short

68

0.2%

SPXW

US

10/02/24

P5400

Index

46

Short

60

0.2%

Simplify

Multi-QIS

Alternative

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

28

Security

description

Notional

Value

Long

Short

Unrealized

Appreciation/

(Depreciation)

%

of

basket

SPXW

US

10/02/24

P5500

Index

41

Short

54

0.1%

SPXW

US

10/02/24

P5100

Index

29

Short

38

0.1%

SPXW

US

10/02/24

P5300

Index

26

Short

34

0.1%

SPXW

US

10/04/24

C6075

Index

26

Short

34

0.1%

SPXW

US

10/02/24

P4900

Index

24

Short

32

0.1%

SPXW

US

10/04/24

C6000

Index

19

Short

25

0.1%

Total

39,921

100.0%