XXV Simplify Ancorato Target 25 Distribution ETF
The Simplify Ancorato Target 25 Distribution ETF (XXV) seeks to provide high monthly income. The targeted distribution goal is an annualized rate of 25% after fees and expenses. This is an aspirational goal and is not guaranteed.
The primary investment strategy is through the sale of barrier put options with individual stocks as the underlying reference asset.
Adding XXV to a portfolio provides a source of potential income differentiated from traditional fixed income or volatility selling strategies.
Fund Overview
As of 06/29/2026
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.
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. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.
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 | 0.75% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Other Expenses1 | 0.00% |
| Acquired Fund Fees and Expenses2 | 0.10% |
| Total Annual Fund Operating Expenses | 0.85% |
1. Other Expenses are estimated for the Fund’s initial fiscal year.
2. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal year, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will 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 05/31/2026 03/31/2026
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|---|---|---|
| NAV | 5.62% | 7.23% | 7.39% | 5.95% | — | — | — | 9.45% |
| Market Price | 6.28% | 7.57% | 8.27% | 5.58% | — | — | — | 9.91% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | — | — | — | — |
| Market Price | — | — | — | — |
| Cumulative | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | — | — | — | -1.06% |
| Market Price | — | — | — | -1.24% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | — | — | — | — |
| Market Price | — | — | — | — |
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.
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
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| SBIL | SIMPLIFY E GOVT MONEY MKT ETF | 220,000 | 48.44% |
| - | NM1 TSLA 12/4/26P100/60 EKI NC1 | -300,000 | -0.03% |
| - | NM1 TSLA 12/11/26P100/60 EKI NC1 | -200,000 | -0.02% |
| GS1 AMD 06/04/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.01% |
| GS1 AXON 06/04/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.06% |
| GS1 CRWV 06/11/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.28% |
| GS1 FIX 06/25/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.20% |
| GS1 KLAC 06/11/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.02% |
| GS1 NXT 06/25/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.19% |
| GS1 RDDT 06/11/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.21% |
| GS1 RDDT 06/25/27 P100/60 EKI NC1 | GS1 Jun 2027 100 Put | -1,000,000 | -0.18% |
| GS1 VRT 05/28/27 P100/60 EKI NC1 | GS1 May 2027 100 Put | -1,000,000 | -0.22% |
| HS1 ADBE 01/08/27 P100/60 EKI NC1 | HS1 Jan 2027 100 Put | -500,000 | -0.26% |
| HS1 AMD 06/11/27 P100/60 EKI NC1 | HS1 Jun 2027 100 Put | -1,000,000 | -0.11% |
| HS1 COST/W/WMT WOF 11/27/26 P100/50 EKI NC1 | HS1 Nov 2026 100 Put | -600,000 | -0.12% |
| HS1 COST/W/WMT WOF 12/11/26 P100/50 EKI NC1 | HS1 Dec 2026 100 Put | -200,000 | -0.02% |
| HS1 CRWV 05/07/27 P100/60 EKI NC1 | HS1 May 2027 100 Put | -1,000,000 | -0.68% |
| HS1 EXPE 05/07/27 P100/60 EKI NC1 | HS1 May 2027 100 Put | -1,000,000 | -0.02% |
| HS1 LRCX 06/11/27 P100/60 EKI NC1 | HS1 Jun 2027 100 Put | -1,000,000 | -0.09% |
| HS1 ORCL 05/14/27 P100/60 EKI NC1 | HS1 May 2027 100 Put | -1,000,000 | -0.45% |
| HS1 ORCL 05/21/27 P100/60 EKI NC1 | HS1 May 2027 100 Put | -1,000,000 | -0.44% |
| HS1 ORCL 05/28/27 P100/60 EKI NC1 | HS1 May 2027 100 Put | -1,000,000 | -0.64% |
| HS1 TER 06/11/27 P100/60 EKI NC1 | HS1 Jun 2027 100 Put | -1,000,000 | -0.08% |
| MS1 PLTR 12/24/26 P100/60 EKI NC1 | MS1 Dec 2026 100 Put | -750,000 | -0.43% |
| MS1 TSLA 12/24/26 P100/60 EKI NC1 | MS1 Dec 2026 100 Put | -1,000,000 | -0.12% |
| NM1 ADBE 12/31/26 P100/60 EKI NC1 | NM1 Jan 2027 100 Put | -1,000,000 | -0.49% |
| NM1 CRDO 06/04/27 P100/60 EKI NC1 | NM1 Jun 2027 100 Put | -1,000,000 | -0.02% |
| NM1 INTU 04/23/27 P100/60 EKI NC1 | NM1 Apr 2027 100 Put | -1,000,000 | -0.58% |
| NM1 META 02/12/27 P100/60 EKI NC1 | NM1 Feb 2027 100 Put | -2,000,000 | -0.27% |
| NM1 META 03/05/27 P100/60 EKI NC1 | NM1 Mar 2027 100 Put | -1,000,000 | -0.13% |
| NM1 MOS 05/07/27 P100/60 EKI NC1 | NM1 May 2027 100 Put | -1,000,000 | -0.12% |
| NM1 MRNA 05/07/27 P100/60 EKI NC1 | NM1 May 2027 100 Put | -1,000,000 | 0.00% |
| NM1 NFLX 12/24/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -1,000,000 | -0.16% |
| NM1 PLTR 01/22/27 P100/60 EKI NC1 | NM1 Jan 2027 100 Put | -1,250,000 | -0.54% |
| NM1 PLTR 12/11/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -150,000 | -0.07% |
| NM1 PLTR 12/18/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -1,000,000 | -0.58% |
| NM1 PLTR 12/24/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -1,000,000 | -0.56% |
| NM1 PLTR 12/31/26 P100/60 EKI NC1 | NM1 Jan 2027 100 Put | -1,000,000 | -0.40% |
| NM1 PLTR 12/4/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -280,000 | -0.11% |
| NM1 TSLA 12/18/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -1,250,000 | -0.18% |
| NM1 TSLA 12/24/26 P100/60 EKI NC1 | NM1 Dec 2026 100 Put | -1,250,000 | -0.17% |
| NM1 TSLA 12/31/26 P100/60 EKI NC1 | NM1 Jan 2027 100 Put | -1,750,000 | -0.17% |
| NM1 VST 05/07/27 P100/60 EKI NC1 | NM1 May 2027 100 Put | -1,000,000 | -0.05% |
| NM2 PLTR 01/22/27 P100/60 EKI NC1 | NM2 Jan 2027 100 Put | -2,000,000 | -0.83% |
| NM2 PLTR 12/4/26 P100/60 EKI NC1 | NM2 Dec 2026 100 Put | -225,000 | -0.10% |
| NM2 TSLA 01/22/27 P100/60 EKI NC1 | NM2 Jan 2027 100 Put | -1,500,000 | -0.15% |
| T Bills | UNITED STS TREAS BILLS 0.0 07JUL26 | 2,190,000 | 4.82% |
| T Bills | UNITED STS TREAS BILLS 0.0 20AUG26 | 4,830,000 | 10.57% |
| T Bills | UNITED STS TREAS BILLS 0.0 01SEP26 | 11,910,000 | 26.04% |
| T Bills | UNITED STS TREAS BILLS 0.0 15OCT26 | 8,500,000 | 18.50% |
| T Bills | UNITED STS TREAS BILLS 0.0 03DEC26 | 1,570,000 | 3.40% |
| - | Estimated Cash | -538,846 | -1.19% |
Holdings are subject to change without notice.
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution |
|---|---|---|---|
| N/A | |||
| $0.48000 | |||
| $0.48000 | |||
| $0.48000 | |||
| $0.48000 |
