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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

as of 12/13/2024

NAV

$ 32.17

NAV Change

+ $ 0.80 /2.55%

Price

$ 32.28

Price Change

+ $ 0.75 /2.38%
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 12/13/2024

Ticker Symbol
MAXI
Gross Expense Ratio
6.10%
CUSIP
82889N673
Total Assets
$58,225,205.28
Shares Outstanding
1,810,001
Distribution Rate as of 11/30/2024 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.
Distribution Rate Close
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.
78.42%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 11/30/2024 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 11/30/2024
1.17%
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 12/13/2024
0.35%
NAV Per Share as of 12/13/2024
$32.17
Market Price as of 12/13/2024
$32.28
30-Day Median Bid-Ask Spread
0.47%
Bid/Ask
$31.95/$32.31
Midpoint Price
$32.13
Volume
44,989
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 5.24%
Acquired Fund Fees and Expenses2 0.01%
Total Annual Fund Operating Expenses 6.10%
1. Other Expenses includes interest expenses of 5.24%.

2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

Fund Performance

As of 11/30/2024 09/30/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 41.20% 65.87% 34.41% 110.54% 134.24% 345.76%
Market Price 42.27% 66.66% 35.46% 111.01% 136.74% 349.59%
Annualized 1 Year 3 Year Since Inception
NAV 134.24% 99.13%
Market Price 136.74% 100.10%
Cumulative 1 Year Since Inception
NAV 108.73% 188.15%
Market Price 107.04% 187.76%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 108.73% 69.63%
Market Price 107.04% 69.63%

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
167
60
Days Traded at Discount
80
4

Portfolio Holdings

Ticker Name Quantity Weight
BTCF5 CUR CME Bitcoin Fut Jan25 16 14.27%
BTCZ4 CUR CME Bitcoin Fut Dec24 95 83.48%
GLD US 12/18/24 P227 GLD Dec 2024 227 Put 1,268 0.00%
GLD US 12/18/24 P235 GLD Dec 2024 235 Put -1,268 -0.02%
GLD US 12/20/24 P225 GLD Dec 2024 225 Put 1,222 0.01%
GLD US 12/20/24 P234 GLD Dec 2024 234 Put -1,222 -0.03%
GLD US 12/23/24 P235 GLD Dec 2024 235 Put 1,687 0.06%
GLD US 12/23/24 P242 GLD Dec 2024 242 Put -1,687 -0.34%
GLD US 12/27/24 P228 GLD Dec 2024 228 Put 1,329 0.03%
GLD US 12/27/24 P237 GLD Dec 2024 237 Put -1,329 -0.11%
IBIT US 12/20/24 C52 IBIT Dec 2024 52 Call 3,200 3.38%
IBIT US 12/20/24 C58 IBIT Dec 2024 58 Call 2,409 0.62%
IBIT US 12/20/24 C58 IBIT Dec 2024 58 Call 2,345 0.60%
MSTR US 12/20/24 P250 MSTR Dec 2024 250 Put 1,907 0.35%
MSTR US 12/20/24 P260 MSTR Dec 2024 260 Put 549 0.11%
MSTR US 12/20/24 P300 MSTR Dec 2024 300 Put -1,907 -0.68%
MSTR US 12/20/24 P310 MSTR Dec 2024 310 Put -549 -0.22%
NDX US 12/20/24 P19740 NASDAQ 100 Dec 2024 19740 Put 10 0.01%
NDX US 12/20/24 P20760 NASDAQ 100 Dec 2024 20760 Put -10 -0.01%
NDXP US 12/18/24 P19350 NDXP Dec 2024 19350 Put 12 0.00%
NDXP US 12/18/24 P20550 NDXP Dec 2024 20550 Put -12 -0.01%
NDXP US 12/24/24 P19950 NDXP Dec 2024 19950 Put 11 0.01%
NDXP US 12/24/24 P20950 NDXP Dec 2024 20950 Put -11 -0.04%
NDXP US 12/27/24 P19750 NDXP Dec 2024 19750 Put 10 0.02%
NDXP US 12/27/24 P20850 NDXP Dec 2024 20850 Put -10 -0.05%
RUTW US 12/18/24 P2145 RUTW Dec 2024 2145 Put 108 0.00%
RUTW US 12/18/24 P2285 RUTW Dec 2024 2285 Put -108 -0.06%
RUTW US 12/20/24 P2150 RUTW Dec 2024 2150 Put 84 0.01%
RUTW US 12/20/24 P2280 RUTW Dec 2024 2280 Put -84 -0.07%
RUTW US 12/24/24 P2175 RUTW Dec 2024 2175 Put 102 0.02%
RUTW US 12/24/24 P2290 RUTW Dec 2024 2290 Put -102 -0.16%
RUTW US 12/27/24 P2125 RUTW Dec 2024 2125 Put 109 0.02%
RUTW US 12/27/24 P2235 RUTW Dec 2024 2235 Put -109 -0.08%
SPX US 12/20/24 P5600 S&P 500 Index Dec 2024 5600 Put 36 0.01%
SPX US 12/20/24 P5900 S&P 500 Index Dec 2024 5900 Put -36 -0.02%
SPXW US 12/16/24 P5760 SPXW Dec 2024 5760 Put 126 0.00%
SPXW US 12/17/24 C6300 SPXW Dec 2024 6300 Call 574 0.00%
SPXW US 12/18/24 P5525 SPXW Dec 2024 5525 Put 42 0.00%
SPXW US 12/18/24 P5780 SPXW Dec 2024 5780 Put 99 0.01%
SPXW US 12/18/24 P5880 SPXW Dec 2024 5880 Put -42 -0.01%
SPXW US 12/20/24 C6175 SPXW Dec 2024 6175 Call 83 0.02%
SPXW US 12/20/24 P5750 SPXW Dec 2024 5750 Put 73 0.02%
SPXW US 12/24/24 P5600 SPXW Dec 2024 5600 Put 36 0.01%
SPXW US 12/24/24 P5915 SPXW Dec 2024 5915 Put -36 -0.04%
SPXW US 12/27/24 P5560 SPXW Dec 2024 5560 Put 38 0.01%
SPXW US 12/27/24 P5870 SPXW Dec 2024 5870 Put -38 -0.05%
- TREASURY BILL DN 12/24 12,800,000 21.99%
- TREASURY BILL DN 12/24 4,600,000 7.90%
- TREASURY BILL DN 1/25 2,600,000 4.45%
- TREASURY BILL DN 4/25 22,400,000 38.00%
- TREASURY BILL DN 4/25 11,300,000 19.17%
- Estimated Cash -57,166 -0.10%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$2.00000
$1.00000
$1.00000
$1.00000
Recent Distribution Disclosure
View Distribution History Supplemental Tax Information: S19(a) Notices

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