SVOL

Simplify Volatility Premium ETF

As of 09/02/2025

NAV

$ 17.00

NAV Change

- $ 0.30 /1.73%

Price

$ 17.04

Price Change

- $ 0.30 /1.73%

The Simplify Volatility Premium ETF (SVOL) seeks to provide investment results, before fees and expenses, that correspond to approximately one-fifth to three-tenths (-0.2x to -0.3x) the inverse of the performance of the Cboe Volatility Index (VIX) short-term futures index while also seeking to mitigate extreme volatility.

We believe many traditional sources of income are failing to meet investor needs in today’s low yield environment. SVOL aims to provide an attractive income stream and source of diversification while seeking to avoid risks inherent in other income-producing asset classes.

The fund’s short VIX position provides investors an optimized exposure for monetizing the premium in the VIX futures market. A modest option overlay budget is then deployed into VIX call options to help protect against adverse moves in VIX.

Fund Overview

As of 09/02/2025

Ticker Symbol

SVOL

Gross Expense Ratio

0.72%

CUSIP

82889N863

Total Assets

$732,768,729.61

Shares Outstanding

43,100,001

Distribution Rate as of 07/31/2025 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.

21.42%

Distribution Frequency

Monthly

30-Day SEC Yield (Subsidized) as of 07/31/2025 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 07/31/2025

2.21%

Options Available

Yes

Inception Date

05/12/2021

Premium/Discount (%) as of 09/02/2025

0.23%

NAV Per Share as of 09/02/2025

$17.00

Market Price as of 09/02/2025

$17.04

30-Day Median Bid-Ask Spread

0.23%

Bid/Ask

$16.99/$17.03

Midpoint Price

$17.01

Volume

591,740

NAV Symbol

SVOL.NV

IOPV Symbol

—

Shares Out. Symbol

SVOL.SO

Schedule K-1

The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distribution includes an estimated 91% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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	0.50%
Distribution and Service (12b-1) Fees	0.00%
Other Expenses¹	0.15%
Acquired Fund Fees and Expenses²	0.07%
Total Annual Fund Operating Expenses	0.72%

1. Other Expenses include interest expenses of 0.15%.
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 (Total Return)

As of 07/31/2025 06/30/2025

Monthly Quarterly Annually

Cumulative	1 Month	3 Month	6 Month	YTD	1 Year	Since Inception
NAV	-7.31%	7.03%	-13.04%	-10.33%	-10.53%	29.05%
Market Price	-6.84%	6.93%	-12.83%	-9.85%	-10.52%	28.44%

Annualized	1 Year	3 Year	Since Inception
NAV	-10.53%	6.47%	6.23%
Market Price	-10.52%	6.55%	6.12%

Cumulative	1 Year	Since Inception
NAV	-3.00%	39.22%
Market Price	-3.26%	37.87%

Annualized	1 Year	3 Year	5 Year	Since Inception
NAV	-3.00%	11.18%	—	8.33%
Market Price	-3.26%	11.04%	—	8.08%

Calendar Year	NAV	Market Price
2024	7.17%	6.71%
2023	23.05%	22.84%
2022	-4.57%	-3.21%
2021	—	—

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.

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.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.

Historical Premium/Discount

	Calendar Year 2024	2nd Quarter of 2025
Days Traded at Premium	184	30
Days Traded at Discount	68	32

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 09/02/2025

Ticker	Name	Quantity	Weight
AGGH	SIMPLIFY AGGREGATE BOND E	3,718,254	10.43%
LITL	SIMPLIFY PPR SNDLR US SM	91,464	0.35%
NMB	SIMPLIFY NATIONAL MUNI B	1,553,376	5.10%
NXTI	SIMPLIFY NEXT INTG C IDX	822,303	3.50%
QIS	SIMPLIFY MULTI-QIS ALT ET	2,552,620	6.72%
SBAR	SIMPLIFY BARRIER INCOME E	425,000	1.52%
SPUC	SIMPLIFY US EQUITY PLUS U	1,634,812	10.51%
XV	SIMPLIFY TARGET 15 DISTR	1,000,000	3.62%
USZ5 COM	US LONG BOND(CBT) Dec25	2,000	30.96%
UXU5 IND	CBOE VIX FUTURE Sep25	-6,437	-15.57%
UXV5 IND	CBOE VIX FUTURE Oct25	-6,150	-16.66%
NDX US 09/19/25 C23725	NASDAQ 100 Sep 2025 23725 Call	460	0.92%
SPXW US 09/03/25 P6000	SPXW Sep 2025 6000 Put	750	0.00%
SPXW US 09/03/25 P6260	SPXW Sep 2025 6260 Put	750	0.00%
SPXW US 09/04/25 P6100	SPXW Sep 2025 6100 Put	750	0.00%
US BOND FUTR OPTN Oct25C	US BOND FUTR OPTN Oct25C	-800	-0.04%
US Treas Mon Wk OpSep25C	US Treas Mon Wk OpSep25C	-317	-0.01%
US TRS BND FRI WK1Sep25C	US TRS BND FRI WK1Sep25C	-800	-0.04%
US TRS BND FRI WK2Sep25C	US TRS BND FRI WK2Sep25C	-800	-0.03%
USV5P 108.0 Comdty	USV5P 108.0 Comdty	-1,600	-0.02%
USV5P 111.0 Comdty	USV5P 111.0 Comdty	-1,600	-0.10%
USV5P 112.0 Comdty	USV5P 112.0 Comdty	-3,200	-0.31%
VIX US 09/17/25 C60	VIX Sep 2025 60 Call	52,829	0.08%
VIX US 10/22/25 C60	VIX Oct 2025 60 Call	52,100	0.25%
VIX US 11/19/25 C60	VIX Nov 2025 60 Call	15,672	0.10%
-	TREASURY BILL DN 9/25	250,000,000	34.01%
-	TREASURY BILL DN 9/25	16,500,000	2.24%
-	TREASURY BILL DN 10/25	103,000,000	13.97%
-	TREASURY BILL DN 11/25	44,000,000	5.96%
-	DREYFUS TRSY OBLIG CASH M	1,508,958	0.21%
-	Estimated Net Cash	-640,251	-0.09%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date	Record Date	Payable Date	Total Distribution
09/25/2025	09/25/2025	09/30/2025	N/A
08/26/2025	08/26/2025	08/29/2025	$0.30000
07/28/2025	07/28/2025	07/31/2025	$0.30000
06/25/2025	06/25/2025	06/30/2025	$0.30000
05/27/2025	05/27/2025	05/30/2025	$0.30000

View Distribution History

DISTRIBUTION CALENDAR

S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

S19(a) Notices Close

Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

NAV

NAV Change

Price

Price Change

Documents

SEC 30-Day Yield Close

Holdings are subject to change without notice.

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SVOL

Simplify Volatility Premium ETF

NAV

NAV Change

Price

Price Change

Documents

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Fund Overview

Distribution Rate Close

SEC 30-Day Yield Close

Management Fees

Fund Performance (Total Return)

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.

Historical Premium/Discount

Portfolio Holdings

Holdings are subject to change without notice.

Recent Distributions

S19(a) Notices Close

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