Simplify Risk Parity Treasury ETF (TYA) NPORT-P Simplify Market Neutral Equity Long/Short ETF (Sep 2024 report)

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

September

30,

2024

(Unaudited)

1

††

The

percentage

shown

for

each

investment

category

is

the

total

value

of

investments

in

that

category

as

a

percentage

of

the

net

assets

of

the

Fund.

The

table

depicts

the

Fund's

investments

but

may

not

represent

the

Fund's

market

exposure

to

certain

derivatives,

if

any,

which

are

included

in

Liabilities

in

Excess

of

Other

Assets.

Principal

Value

U.S.

Treasury

Bills

–

103.0%

U.S.

Treasury

Bill,

5.23%,

10/29/2024

(a)(b)

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

$

65,500,000‌

$

65,258,906‌

U.S.

Treasury

Bill,

4.81%,

1/14/2025

(a)

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

84,300,000‌

83,204,688‌

Total

U.S.

Treasury

Bills

(Cost

$148,392,693)

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

148,463,594‌

Total

Investments

–

103.0%

(Cost

$148,392,693)

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

$

148,463,594‌

Liabilities

in

Excess

of

Other

Assets

–

(3.0)%

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

(4,353,976‌)

Net

Assets

–

100.0%

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

$

144,109,618‌

(a)

Represents

a

zero

coupon

bond.

Rate

shown

reflects

the

effective

yield.

(b)

Security,

or

a

portion

thereof,

in

the

amount

of

$62,768,160

has

been

pledged

as

collateral

for

swaps

as

of

September

30,

2024.

Summary

of

Investment

Type††

Investment

Categories

%

of

Net

Assets

U.S.

Treasury

Bills

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

103.0‌%

Total

Investments

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

103.0‌%

Liabilities

in

Excess

of

Other

Assets

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

(3.0‌)%

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)

BNP

Custom

Global

Long

Equity

Index*

7/31/2025

5.13%

(EFFR+0.30)(c)

BNP

148,944,404

$

(759,633‌)

BNP

Custom

Global

Short

Equity

Index*

7/31/2025

4.83%

(EFFR+0.0)(c)

BNP

(149,153,806)

(988,001‌)

Goldman

Sachs

Custom

Global

Long

Equity

Index*

8/29/2025

5.30%

(EFFR+0.47)(c)

GS

149,300,431

(705,803‌)

Goldman

Sachs

Custom

Global

Short

Equity

Index*

8/29/2025

5.02%

(EFFR+0.19)(c)

GS

(149,424,181)

(1,073,649‌)

$

(3,527,086‌)

*

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

EFFR

:

Effective

Federal

Funds

Rate

GS

:

Goldman

Sachs

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

2

*

The

following

table

shows

the

top

50

positions

and

related

Unrealized

Appreciation/(Depreciation)

of

the

securities

within

the

BNP

Custom

Global

Long

Equity

Index

basket.

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

Communication

Services

KDDI

Corp.

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

44,730

$

(7,351‌)

0.97%

Omnicom

Group,

Inc.

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

14,513

(7,676‌)

1.01%

SoftBank

Corp.

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

992,302

(6,645‌)

0.88%

Telstra

Group

Ltd.

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

548,083

(7,549‌)

0.99%

(29,221‌)

Consumer

Discretionary

Burlington

Stores,

Inc.

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

5,440

(7,332‌)

0.97%

Evolution

AB,

144A

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

12,881

(6,490‌)

0.85%

(13,822‌)

Consumer

Staples

Conagra

Brands,

Inc.

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

37,815

(6,291‌)

0.83%

Essity

AB,

Class

B

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

37,284

(5,965‌)

0.79%

Kimberly-Clark

Corp.

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

10,458

(7,612‌)

1.00%

Philip

Morris

International,

Inc.

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

11,531

(7,161‌)

0.94%

(27,029‌)

Financials

Citizens

Financial

Group,

Inc.

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

36,831

(7,738‌)

1.02%

Discover

Financial

Services

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

10,260

(7,363‌)

0.97%

Equitable

Holdings,

Inc.

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

35,390

(7,609‌)

1.00%

Everest

Group

Ltd.

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

3,097

(6,208‌)

0.82%

Hong

Kong

Exchanges

&

Clearing

Ltd.

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

35,848

(7,702‌)

1.01%

KeyCorp

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

89,944

(7,707‌)

1.02%

MarketAxess

Holdings,

Inc.

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

3,956

(5,185‌)

0.68%

MSCI,

Inc.,

Class

A

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

2,442

(7,281‌)

0.96%

Progressive

Corp.

(The)

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

5,171

(6,713‌)

0.88%

SEI

Investments

Co.

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

15,910

(5,631‌)

0.74%

(69,137‌)

Health

Care

Cencora,

Inc.

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

6,661

(7,670‌)

1.01%

Eli

Lilly

&

Co.

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

1,637

(7,417‌)

0.98%

Hoya

Corp.

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

7,037

(4,981‌)

0.65%

Novo

Nordisk

A/S,

Class

B

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

9,043

(5,450‌)

0.72%

Royalty

Pharma

PLC,

Class

A

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

52,803

(7,641‌)

1.01%

(33,159‌)

Industrials

Atlas

Copco

AB

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

76,863

(7,623‌)

1.00%

Automatic

Data

Processing,

Inc.

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

3,755

(5,316‌)

0.70%

Carlisle

Cos.,

Inc.

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

2,939

(6,762‌)

0.89%

Eaton

Corp

PLC

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

3,427

(5,811‌)

0.77%

Expeditors

International

of

Washington,

Inc.

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

10,416

(7,002‌)

0.92%

Experian

PLC

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

23,479

(6,332‌)

0.83%

Huntington

Ingalls

Industries

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

3,862

(5,224‌)

0.69%

Kawasaki

Kisen

Kaisha

Ltd.

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

62,515

(4,951‌)

0.65%

Paychex,

Inc.

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

10,034

(6,888‌)

0.91%

Verisk

Analytics,

Inc.,

Class

A

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

4,548

(6,234‌)

0.82%

Vertiv

Holdings

Co.,

Class

A

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

13,369

(6,804‌)

0.90%

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

3

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

(continued)

Industrials

(continued)

Vestas

Wind

Systems

A/S

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

61,152

$

(6,925‌)

0.91%

Wolters

Kluwer

NV

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

8,568

(7,402‌)

0.97%

(83,274‌)

Information

Technology

Amphenol

Corp.,

Class

A

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

22,678

(7,559‌)

1.00%

Applied

Materials,

Inc.

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

7,158

(7,399‌)

0.97%

Broadcom,

Inc.

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

7,652

(6,753‌)

0.89%

Lam

Research

Corp.

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

1,388

(5,794‌)

0.76%

Micron

Technology,

Inc.

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

11,214

(5,949‌)

0.78%

NetApp,

Inc.

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

8,308

(5,249‌)

0.69%

NVIDIA

Corp.

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

12,041

(7,480‌)

0.99%

(46,183‌)

Materials

CRH

PLC

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

12,838

(6,091‌)

0.80%

Fortescue

Ltd.

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

104,757

(7,690‌)

1.01%

Mosaic

Co.

(The)

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

55,936

(7,663‌)

1.01%

(21,444‌)

Real

Estate

Alexandria

Real

Estate

Equities,

Inc.

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

12,221

(7,424‌)

0.98%

Essex

Property

Trust,

Inc.

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

5,059

(7,645‌)

1.00%

(15,069‌)

Other

Components

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

5,533,022

(421,295‌)

55.46%

Total

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

$

(759,633‌)

100.00%

*

The

following

table

shows

the

top

50

positions

and

related

Unrealized

Appreciation/(Depreciation)

of

the

securities

within

the

BNP

Custom

Global

Short

Equity

Index

basket.

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

Communication

Services

Liberty

Media

Corp.-Liberty

Formula

One,

Class

C

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

(19,190)

$

(9,731‌)

0.99%

Live

Nation

Entertainment,

Inc.

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

(13,849)

(9,931‌)

1.01%

Take-Two

Interactive

Software,

Inc.

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

(7,781)

(7,834‌)

0.79%

T-Mobile

US,

Inc.

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

(6,535)

(8,832‌)

0.89%

(36,328‌)

Consumer

Discretionary

Airbnb,

Inc.,

Class

A

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

(9,918)

(8,237‌)

0.83%

Lowe's

Cos,

Inc.

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

(5,621)

(9,971‌)

1.01%

Oriental

Land

Co.

Ltd.

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

(56,999)

(9,654‌)

0.98%

Sony

Group

Corp.

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

(74,152)

(9,433‌)

0.95%

Ulta

Beauty,

Inc.

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

(3,669)

(9,351‌)

0.95%

(46,646‌)

Consumer

Staples

Constellation

Brands,

Inc.,

Class

A

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

(5,765)

(9,730‌)

0.98%

Diageo

PLC

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

(37,307)

(8,530‌)

0.86%

Haleon

PLC

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

(285,586)

(9,855‌)

1.00%

Pernod

Ricard

SA

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

(9,792)

(9,706‌)

0.98%

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

4

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

(continued)

Consumer

Staples

(continued)

Shiseido

Co,

Ltd.

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

(46,481)

$

(8,249‌)

0.84%

(46,070‌)

Energy

EQT

Corp.

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

(30,018)

(7,203‌)

0.73%

Occidental

Petroleum

Corp.

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

(21,312)

(7,194‌)

0.73%

TC

Energy

Corp.

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

(22,284)

(6,945‌)

0.70%

(21,342‌)

Financials

3i

Group

PLC

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

(33,127)

(9,617‌)

0.97%

Ares

Management

Corp.,

Class

A

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

(9,526)

(9,723‌)

0.99%

Commonwealth

Bank

of

Australia

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

(14,763)

(9,084‌)

0.92%

Corpay,

Inc.

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

(3,563)

(7,299‌)

0.74%

Fiserv,

Inc.

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

(8,418)

(9,905‌)

1.00%

Futu

Holdings

Ltd.,

ADR

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

(17,802)

(11,152‌)

1.13%

Global

Payments,

Inc.

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

(15,312)

(10,271‌)

1.04%

National

Bank

of

Canada

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

(14,531)

(8,998‌)

0.91%

Resona

Holdings,

Inc.

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

(214,483)

(9,800‌)

0.99%

United

Overseas

Bank

Ltd.

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

(59,094)

(9,711‌)

0.98%

(95,560‌)

Health

Care

Alcon,

Inc.

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

(14,628)

(9,577‌)

0.97%

Avantor,

Inc.

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

(57,363)

(9,719‌)

0.98%

GE

HealthCare

Technologies,

Inc.

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

(13,743)

(8,447‌)

0.86%

Moderna,

Inc.

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

(20,164)

(8,826‌)

0.89%

Revvity,

Inc.

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

(11,873)

(9,934‌)

1.01%

Sanofi

SA

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

(9,819)

(7,386‌)

0.75%

Zimmer

Biomet

Holdings,

Inc.

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

(13,864)

(9,802‌)

0.99%

(63,691‌)

Industrials

3M

Co.

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

(9,378)

(8,396‌)

0.85%

Builders

FirstSource,

Inc.

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

(5,807)

(7,373‌)

0.75%

Canadian

Pacific

Kansas

City

Ltd.

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

(12,562)

(7,044‌)

0.71%

Central

Japan

Railway

Co.

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

(58,432)

(8,877‌)

0.90%

Dayforce,

Inc.

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

(24,855)

(9,970‌)

1.01%

Delta

Air

Lines,

Inc.

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

(28,903)

(9,614‌)

0.97%

Fortune

Brands

Innovations,

Inc.

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

(11,939)

(7,001‌)

0.71%

(58,275‌)

Information

Technology

Akamai

Technologies,

Inc.

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

(13,765)

(9,101‌)

0.92%

ON

Semiconductor

Corp.

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

(20,538)

(9,767‌)

0.99%

SUMCO

Corp.

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

(141,293)

(9,978‌)

1.01%

Teledyne

Technologies,

Inc.

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

(3,421)

(9,805‌)

0.99%

(38,651‌)

Materials

Corteva,

Inc.

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

(25,741)

(9,911‌)

1.00%

James

Hardie

Industries

PLC

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

(34,271)

(8,945‌)

0.91%

(18,856‌)

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

5

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

(continued)

Real

Estate

Zillow

Group,

Inc.,

Class

C

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

(22,687)

$

(9,487‌)

0.96%

Utilities

Ameren

Corp.

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

(17,302)

(9,911‌)

1.00%

Public

Service

Enterprise

Group,

Inc.

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

(11,881)

(6,942‌)

0.70%

(16,853‌)

Other

Components

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

(4,121,436)

(536,242‌)

54.28%

Total

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

$

(988,001‌)

100.00%

*

The

following

table

shows

the

top

50

positions

and

related

Unrealized

Appreciation/(Depreciation)

of

the

securities

within

the

Goldman

Sachs

Custom

Global

Long

Equity

Index

basket.

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

Communication

Services

KDDI

Corp.

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

44,712

$

(6,791‌)

0.96%

Omnicom

Group,

Inc.

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

14,658

(7,165‌)

1.02%

SoftBank

Corp.

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

994,598

(6,156‌)

0.87%

Telstra

Group

Ltd.

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

550,491

(7,007‌)

0.99%

(27,119‌)

Consumer

Discretionary

Burlington

Stores,

Inc.

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

5,352

(6,667‌)

0.94%

Evolution

AB,

144A

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

12,973

(6,041‌)

0.86%

(12,708‌)

Consumer

Staples

Conagra

Brands,

Inc.

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

37,614

(5,783‌)

0.82%

Essity

AB,

Class

B

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

36,431

(5,387‌)

0.76%

Kimberly-Clark

Corp.

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

10,423

(7,011‌)

0.99%

Philip

Morris

International,

Inc.

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

11,361

(6,521‌)

0.93%

(24,702‌)

Financials

Citizens

Financial

Group,

Inc.

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

36,730

(7,132‌)

1.01%

Discover

Financial

Services

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

10,299

(6,831‌)

0.97%

Equitable

Holdings,

Inc.

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

35,155

(6,986‌)

0.99%

Everest

Group

Ltd.

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

3,107

(5,756‌)

0.82%

Hong

Kong

Exchanges

&

Clearing

Ltd.

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

37,124

(7,372‌)

1.05%

KeyCorp

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

90,240

(7,146‌)

1.01%

MarketAxess

Holdings,

Inc.

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

3,913

(4,739‌)

0.67%

MSCI,

Inc.,

Class

A

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

2,443

(6,734‌)

0.95%

Progressive

Corp.

(The)

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

5,056

(6,067‌)

0.86%

SEI

Investments

Co.

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

15,839

(5,181‌)

0.73%

(63,944‌)

Health

Care

Cencora,

Inc.

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

6,614

(7,039‌)

1.00%

Eli

Lilly

&

Co.

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

1,598

(6,692‌)

0.95%

Hoya

Corp.

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

7,177

(4,694‌)

0.66%

Novo

Nordisk

A/S,

Class

B

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

8,885

(4,949‌)

0.70%

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

6

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

(continued)

Health

Care

(continued)

Royalty

Pharma

PLC,

Class

A

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

53,090

$

(7,101‌)

1.01%

(30,475‌)

Industrials

Atlas

Copco

AB

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

79,017

(7,243‌)

1.03%

Automatic

Data

Processing,

Inc.

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

3,713

(4,857‌)

0.69%

Carlisle

Cos.,

Inc.

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

2,950

(6,273‌)

0.89%

Eaton

Corp

PLC

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

3,438

(5,387‌)

0.76%

Expeditors

International

of

Washington,

Inc.

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

10,386

(6,452‌)

0.91%

Experian

PLC

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

23,655

(5,896‌)

0.83%

Huntington

Ingalls

Industries

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

3,873

(4,841‌)

0.69%

Paychex,

Inc.

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

9,970

(6,325‌)

0.90%

Verisk

Analytics,

Inc.,

Class

A

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

4,506

(5,708‌)

0.81%

Vertiv

Holdings

Co.,

Class

A

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

13,120

(6,171‌)

0.87%

Vestas

Wind

Systems

A/S

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

59,989

(6,279‌)

0.89%

Wolters

Kluwer

NV

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

8,421

(6,724‌)

0.95%

(72,156‌)

Information

Technology

Amphenol

Corp.,

Class

A

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

22,613

(6,967‌)

0.99%

Applied

Materials,

Inc.

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

7,489

(7,154‌)

1.01%

Broadcom,

Inc.

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

7,673

(6,258‌)

0.89%

Lam

Research

Corp.

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

1,448

(5,588‌)

0.79%

Micron

Technology,

Inc.

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

12,728

(6,241‌)

0.88%

Monolithic

Power

Systems,

Inc.

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

1,042

(4,553‌)

0.65%

NetApp,

Inc.

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

8,406

(4,908‌)

0.70%

NVIDIA

Corp

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

11,964

(6,869‌)

0.97%

(48,538‌)

Materials

CRH

PLC

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

12,912

(5,662‌)

0.80%

Fortescue

Ltd.

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

105,113

(7,131‌)

1.01%

Mosaic

Co.

(The)

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

58,286

(7,380‌)

1.05%

(20,173‌)

Real

Estate

Alexandria

Real

Estate

Equities,

Inc.

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

11,882

(6,671‌)

0.95%

Essex

Property

Trust,

Inc.

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

4,966

(6,936‌)

0.98%

(13,607‌)

Other

Components

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

5,581,189

(392,381‌)

55.59%

Total

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

$

(705,803‌)

100.00%

*

The

following

table

shows

the

top

50

positions

and

related

Unrealized

Appreciation/(Depreciation)

of

the

securities

within

the

Goldman

Sachs

Custom

Global

Short

Equity

Index

basket.

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

Communication

Services

Liberty

Media

Corp.-Liberty

Formula

One,

Class

C

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

(19,170)

$

(10,544‌)

0.98%

Live

Nation

Entertainment,

Inc.

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

(13,813)

(10,743‌)

1.00%

Take-Two

Interactive

Software,

Inc.

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

(7,734)

(8,445‌)

0.79%

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

7

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

(continued)

Communication

Services

(continued)

T-Mobile

US,

Inc.

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

(6,469)

$

(9,482‌)

0.88%

(39,214‌)

Consumer

Discretionary

Airbnb,

Inc.,

Class

A

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

(9,724)

(8,759‌)

0.82%

Lowe's

Cos,

Inc.

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

(5,575)

(10,727‌)

1.00%

Oriental

Land

Co.

Ltd.

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

(56,367)

(10,354‌)

0.96%

Sony

Group

Corp.

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

(75,227)

(10,379‌)

0.97%

Ulta

Beauty,

Inc.

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

(3,672)

(10,149‌)

0.94%

(50,368‌)

Consumer

Staples

Constellation

Brands,

Inc.,

Class

A

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

(5,769)

(10,561‌)

0.99%

Diageo

PLC

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

(38,687)

(9,593‌)

0.89%

Haleon

PLC

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

(281,211)

(10,526‌)

0.98%

Pernod

Ricard

SA

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

(10,208)

(10,975‌)

1.02%

Shiseido

Co,

Ltd.

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

(46,634)

(8,976‌)

0.84%

(50,631‌)

Energy

EQT

Corp.

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

(29,862)

(7,772‌)

0.72%

Occidental

Petroleum

Corp.

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

(20,652)

(7,561‌)

0.70%

TC

Energy

Corp.

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

(22,056)

(7,456‌)

0.70%

(22,789‌)

Financials

3i

Group

PLC

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

(33,519)

(10,553‌)

0.98%

Ares

Management

Corp.,

Class

A

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

(9,348)

(10,348‌)

0.96%

Commonwealth

Bank

of

Australia

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

(14,639)

(9,769‌)

0.91%

Corpay,

Inc.

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

(3,535)

(7,854‌)

0.73%

Fiserv,

Inc.

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

(8,356)

(10,663‌)

0.99%

Futu

Holdings

Ltd.,

ADR

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

(18,746)

(12,737‌)

1.19%

Global

Payments,

Inc.

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

(15,219)

(11,073‌)

1.03%

National

Bank

of

Canada

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

(14,458)

(9,711‌)

0.91%

Resona

Holdings,

Inc.

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

(213,620)

(10,586‌)

0.99%

United

Overseas

Bank

Ltd.

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

(58,439)

(10,416‌)

0.97%

(103,710‌)

Health

Care

Alcon,

Inc.

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

(14,512)

(10,305‌)

0.96%

Avantor,

Inc.

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

(57,521)

(10,571‌)

0.98%

GE

HealthCare

Technologies,

Inc.

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

(13,480)

(8,986‌)

0.84%

Moderna,

Inc.

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

(20,021)

(9,504‌)

0.89%

Revvity,

Inc.

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

(12,102)

(10,982‌)

1.02%

Sanofi

SA

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

(9,684)

(7,901‌)

0.74%

Zimmer

Biomet

Holdings,

Inc.

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

(13,871)

(10,637‌)

0.99%

(68,886‌)

Industrials

3M

Co.

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

(9,473)

(9,199‌)

0.86%

Builders

FirstSource,

Inc.

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

(5,695)

(7,842‌)

0.73%

Canadian

Pacific

Kansas

City

Ltd.

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

(12,496)

(7,600‌)

0.71%

Central

Japan

Railway

Co.

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

(57,734)

(9,513‌)

0.88%

Dayforce,

Inc.

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

(24,765)

(10,775‌)

1.00%

Simplify

Market

Neutral

Equity

Long/Short

ETF

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

8

Shares

Unrealized

Appreciation/

(Depreciation)

%

of

basket

Common

Stocks

(continued)

Industrials

(continued)

Delta

Air

Lines,

Inc.

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

(30,310)

$

(10,935‌)

1.02%

Fortune

Brands

Innovations,

Inc.

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

(11,990)

(7,625‌)

0.71%

(63,489‌)

Information

Technology

Akamai

Technologies,

Inc.

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

(13,708)

(9,830‌)

0.91%

ON

Semiconductor

Corp.

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

(21,211)

(10,940‌)

1.02%

SUMCO

Corp.

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

(144,236)

(11,048‌)

1.03%

Teledyne

Technologies,

Inc.

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

(3,407)

(10,593‌)

0.99%

(42,411‌)

Materials

Corteva,

Inc.

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

(25,855)

(10,797‌)

1.01%

James

Hardie

Industries

PLC

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

(33,825)

(9,575‌)

0.89%

(20,372‌)

Real

Estate

Zillow

Group,

Inc.,

Class

C

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

(22,278)

(10,104‌)

0.94%

Utilities

Ameren

Corp.

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

(17,102)

(10,625‌)

0.99%

Public

Service

Enterprise

Group,

Inc.

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

(11,685)

(7,404‌)

0.69%

(18,029‌)

Other

Components

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

(4,148,450)

(583,646‌)

54.36%

Total

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

$

(1,073,649‌)

100.00%