NPORT-P
    false
    
      
      
        
          0001810747
          XXXXXXXX
        
      
      
      
      
        S000069152
        C000220986
      
      
    
  
  
    
      Simplify Exchange Traded Funds
      811-23570
      0001810747
      549300LDDEMEUCZQEO55
      54W 40th Street
      New York
      
      10018
      646-741-2438
      Simplify US Equity PLUS Convexity ETF
      S000069152
      549300YJCONMPU506325
      2022-06-30
      2022-03-31
      N
    
    
      102992094.47
      565115.54
      102426978.93
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        -148.00000000
        NC
        USD
        -18500.00000000
        -0.01806164761
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Written
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            3660.00000000
            USD
            2022-04-14
            XXXX
            378012.77000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        49.00000000
        NC
        USD
        7472.50000000
        0.007295441179
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            2000.00000000
            USD
            2022-06-17
            XXXX
            -110558.98000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        773.00000000
        NC
        USD
        127158.50000000
        0.124145514520
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            225.00000000
            USD
            2022-12-16
            XXXX
            -107950.72000000
          
        
        
          N
          N
          N
        
      
      
        Dreyfus Government Cash Management
        5493000Q69I5Q3QZIA91
        Dreyfus Government Cash Management
        000000000
        
          
          
        
        291759.29000000
        NS
        USD
        291759.29000000
        0.284846134336
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        20.00000000
        NC
        USD
        3050.00000000
        0.002977731093
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            2000.00000000
            USD
            2022-06-17
            XXXX
            -14898.53000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        -117.00000000
        NC
        USD
        -25155.00000000
        -0.02455895923
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Written
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            4235.00000000
            USD
            2022-04-08
            XXXX
            171838.14000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        91.00000000
        NC
        USD
        23523.50000000
        0.022966117175
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Call
            Purchased
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            510.00000000
            USD
            2022-09-16
            XXXX
            -4809.27000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        103.00000000
        NC
        USD
        527875.00000000
        0.515367147908
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Call
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            5600.00000000
            USD
            2023-06-16
            XXXX
            18192.38000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        -1016.00000000
        NC
        USD
        -54864.00000000
        -0.05356401269
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Written
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            185.00000000
            USD
            2022-09-16
            XXXX
            72416.80000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        1131.00000000
        NC
        USD
        85956.00000000
        0.083919296359
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            210.00000000
            USD
            2022-09-16
            XXXX
            -128931.91000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        119.00000000
        NC
        USD
        73780.00000000
        0.072031803310
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            3500.00000000
            USD
            2022-05-20
            XXXX
            -133980.87000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        117.00000000
        NC
        USD
        32175.00000000
        0.031412622276
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            4280.00000000
            USD
            2022-04-08
            XXXX
            -213025.86000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        70.00000000
        NC
        USD
        202300.00000000
        0.197506557464
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            2400.00000000
            USD
            2023-03-17
            XXXX
            -65463.22000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        272.00000000
        NC
        USD
        303280.00000000
        0.296093864300
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Call
            Purchased
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            510.00000000
            USD
            2023-03-17
            XXXX
            107280.39000000
          
        
        
          N
          N
          N
        
      
      
        iShares Core S&P 500 ETF
        5493007M4YMN8XL48C14
        iShares Core S&P 500 ETF
        464287200
        
          
          
        
        222478.00000000
        NS
        USD
        100936043.82000000
        98.54439218497
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        468.00000000
        NC
        USD
        120978.00000000
        0.118111459757
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Call
            Purchased
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            510.00000000
            USD
            2022-09-16
            XXXX
            -69506.38000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        -112.00000000
        NC
        USD
        -6048.00000000
        -0.00590469431
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Written
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            185.00000000
            USD
            2022-09-16
            XXXX
            5741.75000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        SPDR S&P 500 ETF TRUST
        000000000
        
          
          
        
        41.00000000
        NC
        USD
        45715.00000000
        0.044631795721
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Call
            Purchased
            
              
                SPDR S&P 500 ETF Trust
                SPDR S&P 500 ETF Trust
                
                  
                  
                  
                
              
            
            100.00000000
            510.00000000
            USD
            2023-03-17
            XXXX
            -2296.95000000
          
        
        
          N
          N
          N
        
      
      
        CBOE GLOBAL MARKETS, INC.
        529900RLNSGA90UPEH54
        S&P 500 INDEX
        000000000
        
          
          
        
        148.00000000
        NC
        USD
        31820.00000000
        0.031066033902
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CBOE GLOBAL MARKETS, INC.
              529900RLNSGA90UPEH54
            
            Put
            Purchased
            
              
                STANDARD & POOR'S FINANCIAL SERVICES LLC
                STANDARD & POORS'S 500
                
                  
                  
                  
                
              
            
            100.00000000
            3900.00000000
            USD
            2022-04-14
            XXXX
            -612535.20000000
          
        
        
          N
          N
          N
        
      
    
    
      2022-05-20
      Simplify Exchange Traded Funds
      Paul Kim
      Paul Kim
      Trustee, President and Treasurer
    
  
  XXXX




Simplify
US
Equity
PLUS
Convexity
ETF
Schedule
of
Investments
March
31,
2022
(Unaudited)
1
Shares
Value
Exchange-Traded
Funds
98
.5
%
iShares
Core
S&P
500
ETF(a)(b)
(Cost
$
93,786,277
)
..........................................................
222,478
$
100,936,044‌
Number
of
Contracts
Notional
Amount
Purchased
Options
1
.6
%
Calls
Exchange-Traded
1
.0
%
S&P
500
Index
,
June
Strike
Price
$
5,600
,
Expires
6/16/23
...............
103
$
57,680,000‌
527,875‌
SPDR
S&P
500
,
September
Strike
Price
$
510
,
Expires
9/16/22
...........
559
28,509,000‌
144,501‌
SPDR
S&P
500
,
March
Strike
Price
$
510
,
Expires
3/17/23
...............
313
15,963,000‌
348,995‌
1,021,371‌
Puts
Exchange-Traded
0
.6
%
S&P
500
Index
,
April
Strike
Price
$
4,280
,
Expires
4/08/22
...............
117
50,076,000‌
32,175‌
S&P
500
Index
,
April
Strike
Price
$
3,900
,
Expires
4/14/22
...............
148
57,720,000‌
31,820‌
S&P
500
Index
,
May
Strike
Price
$
3,500
,
Expires
5/20/22
...............
119
41,650,000‌
73,780‌
S&P
500
Index
,
June
Strike
Price
$
2,000
,
Expires
6/17/22
...............
69
13,800,000‌
10,523‌
S&P
500
Index
,
March
Strike
Price
$
2,400
,
Expires
3/17/23
..............
70
16,800,000‌
202,300‌
SPDR
S&P
500
,
September
Strike
Price
$
210
,
Expires
9/16/22
...........
1,131
23,751,000‌
85,956‌
SPDR
S&P
500
,
December
Strike
Price
$
225
,
Expires
12/16/22
..........
773
17,392,500‌
127,158‌
563,712‌
Total
Purchased
Options
(Cost
$
2,923,568
)
.........................................................
1,585,083‌
Total
Investments
100.1%
(Cost
$
96,709,845
)
..........................................................................
$
102,521,127‌
Liabilities
in
Excess
of
Other
Assets
(
0
.1
)
%
.......................................................
(
94,148‌
)
Net
Assets
100.0%
..........................................................................
$
102,426,979‌
Number
of
Contracts
Notional
Amount
Written
Options
(0.1)%
Puts
Exchange-Traded
(0.1)%
S&P
500
Index
,
April
Strike
Price
$
4,235
,
Expires
4/08/22
...............
(117)
$
(
49,549,500‌
)
$
(
25,155‌
)
S&P
500
Index
,
April
Strike
Price
$
3,660
,
Expires
4/14/22
...............
(148)
(
54,168,000‌
)
(
18,500‌
)
SPDR
S&P
500
,
September
Strike
Price
$
185
,
Expires
9/16/22
...........
(1,128)
(
20,868,000‌
)
(
60,912‌
)
(
104,567‌
)
Total
Written
Options
(Premiums
Received
$
732,576
)
.................................................
$
(
104,567‌
)
(a)
A
copy
of
the
security's
annual
report
to
shareholders
may
be
obtained
without
charge
at
www.ishares.com.
(b)
Securities
with
an
aggregate
market
value
of
$22,684,500
have
been
pledged
as
collateral
for
options
as
of
March
31,
2022.
Simplify
US
Equity
PLUS
Convexity
ETF
Schedule
of
Investments
(Continued)
March
31,
2022
(Unaudited)
2
Summary
of
Schedule
of
Investments
Industry
%
of
Net
Assets
Exchange-Traded
Funds
...........................................................................
98
.5‌
%
Purchased
Options
...............................................................................
1
.6‌
%
Total
Investments
................................................................................
100
.1‌
%
Liabilities
in
Excess
of
Other
Assets
..................................................................
(
0
.1‌
)
%
Net
Assets
.....................................................................................
100
.0‌
%