PINK

Simplify Health Care ETF

as of 02/20/2025

NAV

$ 30.50

NAV Change

+ $ 0.20 /0.66%

Price

$ 30.49

Price Change

+ $ 0.19 /0.63%

The Simplify Health Care ETF (PINK) seeks long term capital appreciation by providing investors with multi-cap exposure to groundbreaking and innovative companies in biotech, medtech, gene therapy, and other fast growing health care related sectors.

Michael Taylor serves as lead portfolio manager of the ETF and brings over two decades of experience managing long/short health care equity portfolios at leading hedge funds. PINK is the first 100% pro bono ETF focused on the health care sector and net profits will be donated for the benefit of the Susan G. Komen foundation on an annual basis.

PINK: Shares for the Cure Find out more.

Benefiting

Donations

$250,000

as of 10/01/24

Documents

PINK Overview

PINK Fund Deep Dive Live

Fund Overview

As of 02/20/2025

Ticker Symbol

PINK

Gross Expense Ratio

0.50%

CUSIP

82889N772

Total Assets

$150,228,361.62

Shares Outstanding

4,925,001

Distribution Rate as of 12/31/2024 Distribution rate 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 rate.

0.18%

Distribution Frequency

Quarterly

30-Day SEC Yield (Subsidized) as of 01/31/2025 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 01/31/2025

0.37%

Options Available

Yes

Inception Date

10/07/2021

Premium/Discount (%) as of 02/20/2025

-0.04%

NAV Per Share as of 02/20/2025

$30.50

Market Price as of 02/20/2025

$30.49

30-Day Median Bid-Ask Spread

0.16%

Bid/Ask

$30.48/$30.56

Midpoint Price

$30.52

Volume

33,949

NAV Symbol

PINK.NV

IOPV Symbol

PINK.IV

Shares Out. Symbol

PINK.SO

Schedule K-1

The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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	0.50%
Distribution and Service (12b-1) Fees	0.00%
Other Expenses	0.00%
Total Annual Fund Operating Expenses	0.50%

Fund Performance

As of 01/31/2025 12/31/2024

Monthly Quarterly

Cumulative	1 Month	3 Month	6 Month	YTD	1 Year	Since Inception
NAV	2.68%	-4.17%	-5.45%	2.68%	7.49%	24.11%
Market Price	2.86%	-4.13%	-5.44%	2.86%	7.49%	24.62%

Annualized	1 Year	3 Year	Since Inception
NAV	7.49%	7.02%	6.73%
Market Price	7.49%	7.10%	6.87%

Cumulative	1 Year	Since Inception
NAV	8.87%	20.87%
Market Price	8.81%	21.15%

Annualized	1 Year	3 Year	5 Year	Since Inception
NAV	8.87%	2.64%	—	6.04%
Market Price	8.81%	2.59%	—	6.12%

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.

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 2024	4th Quarter of 2024
Days Traded at Premium	144	23
Days Traded at Discount	108	41

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 02/20/2025

Ticker	Name	Quantity	Weight
ABBV	ABBVIE INC USD 0.01	35,622	4.76%
ABT	ABBOTT LABS NPV	22,654	2.01%
ADMA	ADMA BIOLOGICS INC USD 0.0001	143,764	1.54%
AGL	AGILON HEALTH INC USD 0.01	113,400	0.27%
AKRO	AKERO THERAPEUTICS INC USD 0.0001	37,168	1.25%
ALHC	ALIGNMENT HEALTHCARE INC USD 0.001	136,234	1.30%
ARGX	ARGENX SE EUR 0.1 ADR	1,651	0.71%
ARQT	ARCUTIS BIOTHERAPEUTICS USD 0.0001	761,629	6.80%
BMY	BRISTOL MYERS SQUIBB CO USD 0.1	593	0.02%
BNTC	BENITEC BIOPHARMA INC NPV	78,327	0.60%
BSX	BOSTON SCI COM USD0.01	748	0.05%
CAH	CARDINAL HEALTH INC NPV	29,991	2.54%
CHWY	CHEWY INC USD 0.01	75,273	1.85%
CI	CIGNA GROUP USD 0.01	12,810	2.56%
COO	COOPER COS INC USD 0.1	16,203	0.96%
CVS	CVS HEALTH CORPORATION USD 0.01	9,029	0.39%
DHR	DANAHER CORP USD 0.01	1,400	0.19%
DXCM	DEXCOM INC USD 0.001	54,492	3.24%
EMBC	EMBECTA CORP USD 0.01	1,567	0.02%
ESTA	ESTABLISHMENT LABS HOLDINGS USD 1.0	16,558	0.39%
EW	EDWARDS LI COM USD1	10,003	0.50%
EYPT	EYEPOINT PHARMACEUTICALS I USD 0.01	89,983	0.38%
FULC	FULCRUM THERAPEUTICS INC USD 0.001	82,814	0.21%
GILD	GILEAD SCIENCES INC USD 0.001	62,532	4.58%
ICLR	ICON PLC EUR 0.06	823	0.11%
INSM	INSMED INC USD 0.01	20,989	1.17%
ISRG	INTUITIVE SURGICAL INC USD 0.001	12,475	5.04%
JNJ	JOHNSON + JOHNSON USD 1.0	44,133	4.69%
LGND	LIGAND PHARMACEUTICALS IN USD 0.001	6,752	0.55%
LIVN	LIVANOVA PLC GBP 1.0	9,642	0.31%
LLY	LILLY ELI + CO NPV	17,231	10.01%
LPTX	LEAP THERAPEUTICS INC NPV	970,681	0.31%
MMM	3M CO USD 0.01	26,502	2.63%
MRK	MERCK + CO INC NEW USD 0.5	4	0.00%
NBIX	NEUROCRINE BIOSCIENCES IN USD 0.001	20,655	1.60%
PCRX	PACIRA BIOSCIENCES INC USD 0.001	197,546	3.38%
PCT	PURECYCLE TECHNOLOGIES I USD 0.0001	520,658	3.67%
PRAX	PRAXIS PRECISION MEDICIN USD 0.0001	20,327	1.08%
RARE	ULTRAGENYX PHARMACEUTICAL USD 0.001	17,211	0.51%
REGN	REGENERON PHARMACEUTICALS USD 0.001	13,811	6.40%
RMD	RESMED INC USD 0.004	30,926	4.79%
RVTY	REVVITY INC USD 1.0	16,335	1.25%
SNDX	SYNDAX PHARMACEUTICALS I USD 0.0001	28,361	0.30%
SNY	SANOFI. EUR 2.0 ADR	41,437	1.49%
SRPT	SAREPTA THERAPEUTICS INC USD 0.0001	20,439	1.47%
SYK	STRYKER CORP USD 0.1	1,236	0.32%
TFX	TELEFLEX INC USD 1.0	13,072	1.52%
TGTX	TG THERAPEUTICS INC USD 0.001	11,467	0.24%
TMO	THERMO FISHER SCIENTIFIC IN USD 1.0	9,258	3.31%
UNH	UNITEDHEALTH GROUP INC USD 0.01	14,724	4.92%
VLTO	VERALTO CORP USD 0.01	430	0.03%
VRTX	VERTEX PHARMACEUTICALS INC USD 0.01	1,219	0.39%
ZBH	ZIMMER BIOMET HLDGS INC USD 0.01	2,302	0.16%
-	Estimated Cash	1,820,906	1.21%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date	Record Date	Payable Date	Total Distribution
03/26/2025	03/26/2025	03/31/2025	N/A
12/23/2024	12/23/2024	12/31/2024	$0.01353
09/25/2024	09/25/2024	09/30/2024	$0.02000
06/25/2024	06/25/2024	06/28/2024	$0.03000
03/25/2024	03/26/2024	03/28/2024	$0.03000

View Distribution History

DISTRIBUTION CALENDAR

Supplemental Information: S19(a) Notices

PINK

Simplify Health Care ETF

NAV

NAV Change

Price

Price Change

Donations

$250,000

Documents

Why Health Care Now: Enhancing the 60/40 Portfolio with Active Management

PINK Overview

PINK Fund Deep Dive Live

Fund Overview

Distribution Rate Close

SEC 30-Day Yield Close

Management Fees

Fund Performance

Historical Premium/Discount

Portfolio Holdings

Holdings are subject to change without notice.

Recent Distributions

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