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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

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as of 07/01/2024

NAV

$ 26.62

NAV Change

+ $ 1.31 /5.18%

Price

$ 26.76

Price Change

+ $ 1.60 /6.36%
The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) seeks capital gains and income by providing investors with exposure to bitcoin while simultaneously generating income by selling short-dated put and/or call spreads on a variety of equity and fixed income instruments, which may include indices, ETFs or individual securities.

The fund is designed to be a capital efficient way to simultaneously invest in bitcoin and potentially generate significant income. The fund can also be viewed as bitcoin exposure with a downside buffer, by virtue of the padding the income may create to any bitcoin drawdowns.*

*The fund does not invest in bitcoin directly; it invests in bitcoin futures.
 
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Documents

Fund Overview

As of 07/01/2024

Ticker Symbol
MAXI
Gross Expense Ratio
11.18%
CUSIP
82889N673
Total Assets
$19,698,834.09
Shares Outstanding
740,001
Distribution Yield as of 05/31/2024 Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
Distribution Yield Close
Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
6.23%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2024 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
-
30-Day SEC Yield (Unsubsidized) as of 05/31/2024
0.97%
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 07/01/2024
0.53%
NAV Per Share as of 07/01/2024
$26.62
Market Price as of 07/01/2024
$26.76
30-Day Median Bid-Ask Spread
0.43%
Bid/Ask
$26.65/$26.77
Midpoint Price
$26.71
Volume
20,452
NAV Symbol
MAXI.NV
IOPV Symbol
MAXI.IV
Shares Out. Symbol
MAXI.SO
Schedule K-1
No

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.85%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 10.33%
Total Annual Fund Operating Expenses 11.18%
1. Other Expenses (composed of interest expense) are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 05/31/2024 03/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 15.61% 7.19% 74.27% 56.64% 138.48% 231.64%
Market Price 15.93% 7.15% 74.77% 55.78% 138.58% 231.91%
Annualized 1 Year 3 Year Since Inception
NAV 138.48% — 105.14%
Market Price 138.58% — 105.49%
Cumulative 1 Year Since Inception
NAV 136.63% 249.30%
Market Price 138.49% 249.32%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 136.63% — — 130.04%
Market Price 138.49% — — 130.40%
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

The Adviser has voluntarily agreed to limit fees. This agreement may change or end at any time. Performance would have been lower without limitations in effect.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
167
49
Days Traded at Discount
80
12
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 07/01/2024

Holdings - All ETFs
Ticker Name Quantity Weight
BTCN4 CUR CME BITCOIN FUT JUL24 62 100.13%
ARKK US 07/12/24 C46.5 ARKK Jul 2024 46 Call -809 -0.08%
ARKK US 07/12/24 C49 ARKK Jul 2024 49 Call 809 0.14%
EFA US 07/05/24 C80.5 EFA Jul 2024 80 Call 770 0.01%
ITB US 07/05/24 C112 ITB Jul 2024 112 Call 931 0.03%
KRE US 07/12/24 P40 KRE Jul 2024 40 Put 293 0.00%
KRE US 07/12/24 P45 KRE Jul 2024 45 Put -293 -0.04%
NDXP US 07/12/24 P17800 NDXP Jul 2024 17800 Put 5 0.01%
NDXP US 07/12/24 P18000 NDXP Jul 2024 18000 Put 11 0.02%
NDXP US 07/12/24 P19170 NDXP Jul 2024 19170 Put -16 -0.25%
SLV US 07/05/24 P24.5 SLV Jul 2024 24 Put 2347 0.01%
SLV US 07/05/24 P25.5 SLV Jul 2024 25 Put -1173 -0.01%
SPXW US 07/01/24 P5000 SPXW Jul 2024 5000 Put -104 -0.01%
SPXW US 07/01/24 P5200 SPXW Jul 2024 5200 Put 104 0.00%
SPXW US 07/05/24 C5625 SPXW Jul 2024 5625 Call 62 0.00%
SPXW US 07/08/24 P5000 SPXW Jul 2024 5000 Put -24 0.00%
SPXW US 07/08/24 P5250 SPXW Jul 2024 5250 Put 24 0.00%
XBI US 07/12/24 C102 XBI Jul 2024 102 Call 406 0.01%
XBI US 07/12/24 C97 XBI Jul 2024 97 Call -406 -0.08%
XLE US 07/12/24 C102 XLE Jul 2024 102 Call 231 0.01%
XLE US 07/12/24 C93.5 XLE Jul 2024 93 Call -231 -0.05%
XOP US 07/05/24 P142 XOP Jul 2024 142 Put 141 0.01%
XOP US 07/12/24 C153 XOP Jul 2024 153 Call -1333 -0.16%
XOP US 07/12/24 C156 XOP Jul 2024 156 Call 1333 0.08%
- TREASURY BILL DN 7/24 10300000 52.21%
- TREASURY BILL DN 7/24 1000000 5.07%
- TREASURY BILL DN 8/24 3000000 15.12%
- TREASURY BILL DN 8/24 1000000 5.04%
- TREASURY BILL DN 9/24 2000000 10.03%
- Estimated Cash 2569631 13.03%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
$0.15000 $0.00000 $0.00000 $0.00000 $0.15000
View Distribution History

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