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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

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as of 04/26/2024

NAV

$ 27.23

NAV Change

- $ 0.36 /1.30%

Price

$ 27.16

Price Change

- $ 0.54 /1.95%
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 04/26/2024

Ticker Symbol
MAXI
Gross Expense Ratio
11.18%
CUSIP
82889N673
Total Assets
$20,150,325.96
Shares Outstanding
740,001
Distribution Yield as of 03/31/2024 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.
5.86%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 03/31/2024 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.
1.25%
Unsubsidized 30-Day SEC Yield as of 03/31/2024
1.25%
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 04/26/2024
-0.26%
NAV Per Share as of 04/26/2024
$27.23
Market Price as of 04/26/2024
$27.16
30-Day Median Bid-Ask Spread
0.42%
Bid/Ask
$27.16/$27.21
Midpoint Price
$27.19
Volume
14,162
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 03/31/2024 12/31/2023

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 12.90% 64.98% 153.02% 64.98% 136.63% 249.30%
Market Price 12.77% 63.95% 151.34% 63.95% 138.49% 249.32%
Annualized 1 Year 3 Year Since Inception
NAV 136.63% — 130.04%
Market Price 138.49% — 130.40%
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 04/26/2024

Holdings - All ETFs
Ticker Name Quantity Weight
BTCK4 CUR CME Bitcoin Fut May24 64 102.10%
GLD US 05/03/24 P198 GLD May 2024 198 Put 170 0.00%
GLD US 05/03/24 P210 GLD May 2024 210 Put -170 -0.02%
GLD US 05/10/24 C235 GLD May 2024 235 Call -409 -0.02%
GLD US 05/10/24 C245 GLD May 2024 245 Call 409 0.01%
GLD US 05/10/24 P192.5 GLD May 2024 192 Put 409 0.00%
GLD US 05/10/24 P202.5 GLD May 2024 202 Put -409 -0.01%
IWM US 05/03/24 C206 IWM May 2024 206 Call -1227 -0.17%
IWM US 05/03/24 C216 IWM May 2024 216 Call 1227 0.01%
IWM US 05/10/24 C213 IWM May 2024 213 Call -1541 -0.09%
IWM US 05/10/24 C221 IWM May 2024 221 Call 1541 0.02%
SPXW US 05/10/24 P4540 SPXW May 2024 4540 Put 60 0.03%
SPXW US 05/10/24 P4850 SPXW May 2024 4850 Put -60 -0.14%
SPXW US 05/15/24 P4550 SPXW May 2024 4550 Put 63 0.06%
SPXW US 05/15/24 P4850 SPXW May 2024 4850 Put -63 -0.25%
- TREASURY BILL DN 4/24 2500000 12.40%
- TREASURY BILL DN 5/24 2000000 9.88%
- TREASURY BILL DN 6/24 1100000 5.41%
- TREASURY BILL DN 6/24 100000 0.49%
- TREASURY BILL DN 7/24 9700000 47.66%
- TREASURY BILL DN 7/24 1000000 4.91%
- TREASURY BILL DN 8/24 1000000 4.89%
- Estimated Cash 1628004 8.08%

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
$3.31840 $0.75725 $0.10407 $0.00000 $4.17972
View Distribution History

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