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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

as of 02/21/2024

NAV

$ 22.70

NAV Change

- $ 0.49 /2.11%

Price

$ 23.00

Price Change

- $ 0.42 /1.79%
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 02/21/2024

Ticker Symbol
MAXI
Gross Expense Ratio
11.18%
CUSIP
82889N673
Total Assets
$12,938,510.04
Shares Outstanding
570,001
Distribution Yield as of 01/31/2024 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.
9.50%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 01/31/2024 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.
-
Unsubsidized 30-Day SEC Yield as of 01/31/2024
-
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 02/21/2024
1.33%
NAV Per Share as of 02/21/2024
$22.70
Market Price as of 02/21/2024
$23.00
30-Day Median Bid-Ask Spread
0.44%
Bid/Ask
$22.82/$23.00
Midpoint Price
$22.91
Volume
20,685
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 01/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.64% 20.74% 41.98% 0.64% 75.74% 113.08%
Market Price -0.83% 19.57% 40.92% -0.83% 74.52% 111.30%
Annualized 1 Year 3 Year Since Inception
NAV 75.74% 75.89%
Market Price 74.52% 74.99%
Cumulative 1 Year Since Inception
NAV 143.55% 111.72%
Market Price 145.77% 113.07%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 143.55% 81.81%
Market Price 145.77% 82.97%

Historical Premium/Discount

Calendar Year 2023 4th Quarter of 2023
Days Traded at Premium
167
49
Days Traded at Discount
80
13

Portfolio Holdings

Ticker Name Quantity Weight
BTCH4 CUR CME Bitcoin Fut Mar24 50 99.76%
ASHR US 02/23/24 C24 ASHR Feb 2024 24 Call -116 -0.01%
ASHR US 02/23/24 C25 ASHR Feb 2024 25 Call 116 0.00%
IWM US 02/23/24 C215 IWM Feb 2024 215 Call 56 0.00%
IWM US 03/01/24 C212 IWM Mar 2024 212 Call -24 0.00%
IWM US 03/01/24 C217 IWM Mar 2024 217 Call -73 0.00%
IWM US 03/01/24 C220 IWM Mar 2024 220 Call 24 0.00%
IWM US 03/01/24 C225 IWM Mar 2024 225 Call 73 0.00%
KWEB US 03/01/24 C27 KWEB Mar 2024 27 Call -135 -0.02%
KWEB US 03/01/24 C28 KWEB Mar 2024 28 Call -407 -0.03%
KWEB US 03/01/24 C28.5 KWEB Mar 2024 28 Call 135 0.01%
KWEB US 03/01/24 C29.5 KWEB Mar 2024 29 Call 407 0.08%
SPXW US 03/01/24 P4475 SPXW Mar 2024 4475 Put 26 0.02%
SPXW US 03/01/24 P4770 SPXW Mar 2024 4770 Put -26 -0.07%
USO US 02/23/24 C77 USO Feb 2024 77 Call -111 0.00%
USO US 02/23/24 C80 USO Feb 2024 80 Call 111 0.00%
XBI US 02/23/24 C102 XBI Feb 2024 102 Call 85 0.00%
XBI US 02/23/24 C98 XBI Feb 2024 98 Call -85 0.00%
XOP US 03/01/24 C142 XOP Mar 2024 142 Call -24 -0.03%
XOP US 03/01/24 C148 XOP Mar 2024 148 Call -84 -0.02%
XOP US 03/01/24 C150 XOP Mar 2024 150 Call 24 0.00%
XOP US 03/01/24 C155 XOP Mar 2024 155 Call 84 0.00%
- TREASURY BILL DN 2/24 1600000 12.35%
- TREASURY BILL DN 2/24 600000 4.63%
- TREASURY BILL DN 3/24 1500000 11.53%
- TREASURY BILL DN 3/24 700000 5.38%
- TREASURY BILL DN 4/24 5000000 38.42%
- TREASURY BILL DN 4/24 1500000 11.53%
- TREASURY BILL DN 4/24 600000 4.60%
- TREASURY BILL DN 6/24 1000000 7.60%
- Estimated Cash 577786 4.47%

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
$3.31840 $0.75725 $0.10407 $0.00000 $4.17972
$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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