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XXV

Simplify Ancorato Target 25 Distribution ETF

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As of 02/26/2026

NAV

$ 23.95

NAV Change

- $ 0.09 /0.37%

Price

$ 24.07

Price Change

+ $ 0.01 /0.04%

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.

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Documents

Fund Overview

As of 02/26/2026

Ticker Symbol
XXV
Expense Ratio
0.85%
CUSIP
82889N343
Total Assets
$52,081,462.72
Shares Outstanding
2,175,001
Distribution Rate as of 01/31/2026 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.
26.10%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 01/31/2026
-
30-Day SEC Yield (Unsubsidized) as of 01/31/2026
3.50%
Options Available
No
Inception Date
11/17/2025
Premium/Discount (%) as of 02/26/2026
0.52%
NAV Per Share as of 02/26/2026
$23.95
Market Price as of 02/26/2026
$24.07
30-Day Median Bid-Ask Spread
0.25%
Bid/Ask
$23.90/$24.13
Midpoint Price
$24.02
Volume
22,789
NAV Symbol
XXV.NV
IOPV Symbol
XXV.IV
Shares Out. Symbol
XXV.SO
Schedule K-1
No

 

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 97% 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 Fees0.75%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.00%
Acquired Fund Fees and Expenses20.10%
Total Annual Fund Operating Expenses0.85%

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 01/31/2026 12/31/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.52% — — 0.52% — 3.84%
Market Price 0.28% — — 0.28% — 4.40%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 3.30%
Market Price — 4.11%
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.

Historical Premium/Discount

Calendar Year 2025 4th Quarter of 2025
Days Traded at Premium
26
26
Days Traded at Discount
4
4
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 02/26/2026

Holdings - All ETFs
Ticker Name Quantity Weight
SBIL SIMPLIFY E GOVT MONEY MKT ETF 364,000 69.91%
- NM1 TSLA 12/4/26P100/60 EKI NC1 -300,000 -0.05%
- NM1 TSLA 12/11/26P100/60 EKI NC1 -200,000 -0.03%
BP1 AAPL/GOOGL/MSFT WOF 02/12/27 P100/60 EKI NC1 BP1 Feb 2027 100 Put -2,000,000 -0.24%
GS1 SMCI 02/26/27 P100/60 EKI NC1 GS1 Mar 2027 100 Put -2,500,000 -0.53%
HS1 ADBE 01/08/27 P100/60 EKI NC1 HS1 Jan 2027 100 Put -500,000 -0.13%
HS1 BX/KKR WOF 02/26/27 P100/60 EKI NC1 HS1 Mar 2027 100 Put -1,000,000 -0.19%
HS1 COST/W/WMT WOF 11/27/26 P100/50 EKI NC1 HS1 Nov 2026 100 Put -600,000 -0.24%
HS1 COST/W/WMT WOF 12/11/26 P100/50 EKI NC1 HS1 Dec 2026 100 Put -200,000 -0.05%
MS1 AAPL/GOOGL/MSFT WOF 01/29/27 P100/60 EKI NC1 MS1 Feb 2027 100 Put -4,000,000 -0.57%
MS1 AAPL/GOOGL/MSFT WOF 02/05/27 P100/60 EKI NC1 MS1 Feb 2027 100 Put -2,000,000 -0.31%
MS1 PLTR 12/24/26 P100/60 EKI NC1 MS1 Dec 2026 100 Put -750,000 -0.30%
MS1 TSLA 12/24/26 P100/60 EKI NC1 MS1 Dec 2026 100 Put -1,000,000 -0.17%
NDXP US 03/20/26 P21000 NDXP Mar 2026 21000 Put 20 0.08%
NM1 ADBE 12/31/26 P100/60 EKI NC1 NM1 Jan 2027 100 Put -1,000,000 -0.25%
NM1 AMD 02/05/27 P100/60 EKI NC1 NM1 Feb 2027 100 Put -3,000,000 -0.71%
NM1 AMD 12/11/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -150,000 -0.02%
NM1 AMD/INTC/NVDA WOF 02/05/27 P100/60 EKI NC1 NM1 Feb 2027 100 Put -1,000,000 -0.40%
NM1 AMD/INTC/NVDA WOF 02/12/27 P100/60 EKI NC1 NM1 Feb 2027 100 Put -1,000,000 -0.25%
NM1 AMD/INTC/NVDA WOF 12/11/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -200,000 -0.04%
NM1 AVGO 01/29/27 P100/60 EKI NC1 NM1 Feb 2027 100 Put -1,000,000 -0.07%
NM1 AVGO 02/05/27 P100/60 EKI NC1 NM1 Feb 2027 100 Put -2,000,000 -0.23%
NM1 AVGO 02/26/27 P100/60 EKI NC1 NM1 Mar 2027 100 Put -1,000,000 -0.13%
NM1 META 02/12/27 P100/60 EKI NC1 NM1 Feb 2027 100 Put -2,000,000 -0.09%
NM1 NFLX 12/24/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -1,000,000 -0.13%
NM1 NFLX 12/31/26 P100/60 EKI NC1 NM1 Jan 2027 100 Put -500,000 -0.05%
NM1 PLTR 01/22/27 P100/60 EKI NC1 NM1 Jan 2027 100 Put -1,250,000 -0.39%
NM1 PLTR 12/11/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -150,000 -0.06%
NM1 PLTR 12/18/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -1,000,000 -0.43%
NM1 PLTR 12/24/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -1,000,000 -0.41%
NM1 PLTR 12/31/26 P100/60 EKI NC1 NM1 Jan 2027 100 Put -1,000,000 -0.31%
NM1 PLTR 12/4/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -280,000 -0.09%
NM1 TSLA 01/22/27 P100/60 EKI NC1 NM1 Jan 2027 100 Put -500,000 -0.05%
NM1 TSLA 12/18/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -1,250,000 -0.26%
NM1 TSLA 12/24/26 P100/60 EKI NC1 NM1 Dec 2026 100 Put -1,250,000 -0.24%
NM1 TSLA 12/31/26 P100/60 EKI NC1 NM1 Jan 2027 100 Put -1,750,000 -0.23%
NM2 PLTR 01/22/27 P100/60 EKI NC1 NM2 Jan 2027 100 Put -2,000,000 -0.59%
NM2 PLTR 12/4/26 P100/60 EKI NC1 NM2 Dec 2026 100 Put -225,000 -0.08%
NM2 TSLA 01/22/27 P100/60 EKI NC1 NM2 Jan 2027 100 Put -1,500,000 -0.17%
T Bills UNITED STS TREAS BILLS 0.0 17MAR26 4,000,000 7.67%
T Bills UNITED STS TREAS BILLS 0.0 23APR26 3,500,000 6.68%
T Bills UNITED STS TREAS BILLS 0.0 05MAY26 1,600,000 3.05%
T Bills UNITED STS TREAS BILLS 0.0 12MAY26 3,000,000 5.72%
T Bills UNITED STS TREAS BILLS 0.0 26MAY26 5,500,000 10.47%
T Bills UNITED STS TREAS BILLS 0.0 23JUN26 2,000,000 3.80%
- Estimated Cash 573,541 1.10%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.50000
$0.54000
$0.60000
View Distribution History
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.

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