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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

as of 05/24/2024

NAV

$ 29.75

NAV Change

+ $ 0.89 /3.08%

Price

$ 29.99

Price Change

+ $ 1.00 /3.45%
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.
 

Fund Overview

As of 05/24/2024

Ticker Symbol
MAXI
Gross Expense Ratio
11.18%
CUSIP
82889N673
Total Assets
$22,015,543.48
Shares Outstanding
740,001
Distribution Yield as of 04/30/2024 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.
7.17%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 04/30/2024 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.
0.52%
Unsubsidized 30-Day SEC Yield as of 04/30/2024
0.52%
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 05/24/2024
0.80%
NAV Per Share as of 05/24/2024
$29.75
Market Price as of 05/24/2024
$29.99
30-Day Median Bid-Ask Spread
0.45%
Bid/Ask
$29.81/$30.00
Midpoint Price
$29.91
Volume
9,080
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 04/30/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -17.87% 34.63% 62.55% 35.50% 89.52% 186.87%
Market Price -18.04% 35.50% 62.01% 34.37% 89.39% 186.30%
Annualized 1 Year 3 Year Since Inception
NAV 89.52% 94.55%
Market Price 89.39% 94.53%
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%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
167
49
Days Traded at Discount
80
12

Portfolio Holdings

Ticker Name Quantity Weight
BTCK4 CUR CME Bitcoin Fut May24 28 44.19%
BTCM4 CUR CME Bitcoin Fut Jun24 36 57.30%
ARKK US 06/07/24 C47 ARKK Jun 2024 47 Call -1117 -0.12%
ARKK US 06/07/24 C49 ARKK Jun 2024 49 Call 1117 0.04%
ARKK US 06/07/24 P39.5 ARKK Jun 2024 39 Put 1117 0.03%
ARKK US 06/07/24 P41.5 ARKK Jun 2024 41 Put -1117 -0.09%
ITB US 06/07/24 P96 ITB Jun 2024 96 Put 775 0.04%
ITB US 06/07/24 P99 ITB Jun 2024 99 Put -775 -0.10%
IWM US 06/07/24 C214 IWM Jun 2024 214 Call -2161 -0.20%
IWM US 06/07/24 C220 IWM Jun 2024 220 Call 2161 0.04%
NDXP US 06/12/24 P17150 NDXP Jun 2024 17150 Put 26 0.15%
NDXP US 06/12/24 P17900 NDXP Jun 2024 17900 Put -26 -0.42%
QQQ US 06/07/24 P407 QQQ Jun 2024 407 Put 868 0.04%
QQQ US 06/07/24 P429 QQQ Jun 2024 429 Put -868 -0.11%
SPXW US 05/28/24 P4950 SPXW May 2024 4950 Put 41 0.00%
SPXW US 06/03/24 P4500 SPXW Jun 2024 4500 Put -42 0.00%
SPXW US 06/03/24 P4950 SPXW Jun 2024 4950 Put 42 0.01%
- WI TSY BILL DN 6/24 1100000 4.98%
- WI TSY BILL DN 6/24 100000 0.45%
- TREASURY BILL DN 7/24 10700000 48.34%
- TREASURY BILL DN 7/24 1000000 4.52%
- TREASURY BILL DN 8/24 3500000 15.72%
- TREASURY BILL DN 8/24 1000000 4.49%
- Estimated Cash 4360098 19.81%

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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