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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

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as of 07/25/2024

NAV

$ 26.41

NAV Change

- $ 0.52 /1.93%

Price

$ 26.54

Price Change

- $ 0.63 /2.32%
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 07/25/2024

Ticker Symbol
MAXI
Gross Expense Ratio
11.18%
CUSIP
82889N673
Total Assets
$21,344,760.44
Shares Outstanding
840,001
Distribution Yield as of 06/30/2024 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.
7.11%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 06/30/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 06/30/2024
1.67%
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 07/25/2024
0.49%
NAV Per Share as of 07/25/2024
$26.41
Market Price as of 07/25/2024
$26.54
30-Day Median Bid-Ask Spread
0.45%
Bid/Ask
$26.54/$26.67
Midpoint Price
$26.61
Volume
17,579
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 06/30/2024 06/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -11.85% -16.30% 38.08% 38.08% 84.85% 192.35%
Market Price -12.74% -17.09% 35.93% 35.93% 80.92% 189.62%
Annualized 1 Year 3 Year Since Inception
NAV 84.85% — 84.56%
Market Price 80.92% — 83.75%
Cumulative 1 Year Since Inception
NAV 84.85% 192.35%
Market Price 80.92% 189.62%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 84.85% — — 84.56%
Market Price 80.92% — — 83.75%
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 2nd Quarter of 2024
Days Traded at Premium
167
51
Days Traded at Discount
80
11
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 07/25/2024

Holdings - All ETFs
Ticker Name Quantity Weight
BTCN4 CUR CME BITCOIN FUT JUL24 7 10.62%
BTCQ4 CUR CME Bitcoin Fut Aug24 62 95.05%
GLD US 08/09/24 C227.5 GLD Aug 2024 227 Call -961 -0.19%
GLD US 08/09/24 C232.5 GLD Aug 2024 232 Call 961 0.06%
IWM US 07/26/24 P200 IWM Jul 2024 200 Put 660 0.00%
IWM US 07/26/24 P201 IWM Jul 2024 201 Put 289 0.00%
IWM US 08/02/24 P203 IWM Aug 2024 203 Put 3547 0.27%
IWM US 08/02/24 P209 IWM Aug 2024 209 Put -3547 -0.90%
IWM US 08/09/24 P202 IWM Aug 2024 202 Put 811 0.13%
IWM US 08/09/24 P208 IWM Aug 2024 208 Put -811 -0.32%
NDXP US 07/26/24 P18650 NDXP Jul 2024 18650 Put -12 -0.26%
NDXP US 07/26/24 P18750 NDXP Jul 2024 18750 Put 12 0.46%
NDXP US 08/02/24 P18050 NDXP Aug 2024 18050 Put 28 0.94%
NDXP US 08/02/24 P18750 NDXP Aug 2024 18750 Put -28 -3.37%
NDXP US 08/07/24 P17375 NDXP Aug 2024 17375 Put 7 0.11%
NDXP US 08/07/24 P18025 NDXP Aug 2024 18025 Put -7 -0.32%
SLV US 07/26/24 P25 SLV Jul 2024 25 Put 901 0.02%
SPXW US 07/26/24 P5000 SPXW Jul 2024 5000 Put -5 0.00%
SPXW US 07/26/24 P5235 SPXW Jul 2024 5235 Put 5 0.00%
SPXW US 07/29/24 P5230 SPXW Jul 2024 5230 Put 9 0.01%
SPXW US 07/30/24 P5225 SPXW Jul 2024 5225 Put 9 0.01%
TLT US 07/26/24 C96.5 TLT Jul 2024 96 Call 588 0.00%
TLT US 07/26/24 P91 TLT Jul 2024 91 Put 457 0.01%
TLT US 08/09/24 C95.5 TLT Aug 2024 95 Call -1115 -0.09%
TLT US 08/09/24 C98.5 TLT Aug 2024 98 Call 1115 0.02%
TLT US 08/09/24 P87 TLT Aug 2024 87 Put 1959 0.06%
TLT US 08/09/24 P89.5 TLT Aug 2024 89 Put -1959 -0.24%
- TREASURY BILL DN 8/24 5000000 23.38%
- TREASURY BILL 0 9/24 1000000 4.65%
- TREASURY BILL DN 9/24 3600000 16.75%
- TREASURY BILL DN 9/24 1000000 4.65%
- TREASURY BILL DN 10/24 9500000 43.94%
- TREASURY BILL DN 10/24 2550000 11.79%
- Estimated Cash 41899 0.20%

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
N/A N/A N/A N/A N/A
$1.00000 $0.00000 $0.00000 $0.00000 $1.00000
$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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