NPORT-P
    false
    
      
      
        
          0001810747
          XXXXXXXX
        
      
      
      
      
        S000073863
        C000231094
      
      
    
  
  
    
      Simplify Exchange Traded Funds
      811-23570
      0001810747
      549300LDDEMEUCZQEO55
      54W 40th Street
      New York
      
      10018
      646-741-2438
      Simplify US Small Cap PLUS Downside Convexity ETF
      S000073863
      549300J2LU8MDE7SH229
      2022-06-30
      2022-03-31
      N
    
    
      3573416.86
      1873.72
      3571543.14
      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
      6281.82000000
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        ISHARES RUSSELL 2000 ETF
        000000000
        
          
          
        
        99.00000000
        NC
        USD
        13068.00000000
        0.365892262468
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                iShares Russell 2000 ETF
                iShares Russell 2000 ETF
                
                  
                  
                  
                
              
            
            100.00000000
            110.00000000
            USD
            2023-01-20
            XXXX
            -5234.33000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        ISHARES RUSSELL 2000 ETF
        000000000
        
          
          
        
        90.00000000
        NC
        USD
        4860.00000000
        0.136075634802
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                iShares Russell 2000 ETF
                iShares Russell 2000 ETF
                
                  
                  
                  
                
              
            
            100.00000000
            110.00000000
            USD
            2022-09-16
            XXXX
            -4460.04000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        ISHARES RUSSELL 2000 ETF
        000000000
        
          
          
        
        180.00000000
        NC
        USD
        1980.00000000
        0.055438221586
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                iShares Russell 2000 ETF
                iShares Russell 2000 ETF
                
                  
                  
                  
                
              
            
            100.00000000
            175.00000000
            USD
            2022-04-14
            XXXX
            -48492.09000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        ISHARES RUSSELL 2000 ETF
        000000000
        
          
          
        
        84.00000000
        NC
        USD
        9492.00000000
        0.265767474392
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                iShares Russell 2000 ETF
                iShares Russell 2000 ETF
                
                  
                  
                  
                
              
            
            100.00000000
            110.00000000
            USD
            2022-12-16
            XXXX
            -4849.64000000
          
        
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        ISHARES RUSSELL 2000 ETF
        000000000
        
          
          
        
        -180.00000000
        NC
        USD
        -1080.00000000
        -0.03023902995
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Written
            
              
                iShares Russell 2000 ETF
                iShares Russell 2000 ETF
                
                  
                  
                  
                
              
            
            100.00000000
            165.00000000
            USD
            2022-04-14
            XXXX
            31007.74000000
          
        
        
          N
          N
          N
        
      
      
        iShares Core S&P Small-Cap ETF
        549300BZQ17QYN750B25
        iShares Core S&P Small-Cap ETF
        464287804
        
          
          
        
        32783.00000000
        NS
        USD
        3536630.04000000
        99.02246455855
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NEW YORK STOCK EXCHANGE
        549300HIIRNTNKXV3M12
        ISHARES RUSSELL 2000 ETF
        000000000
        
          
          
        
        85.00000000
        NC
        USD
        1105.00000000
        0.030939007501
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              NEW YORK STOCK EXCHANGE
              549300HIIRNTNKXV3M12
            
            Put
            Purchased
            
              
                iShares Russell 2000 ETF
                iShares Russell 2000 ETF
                
                  
                  
                  
                
              
            
            100.00000000
            110.00000000
            USD
            2022-06-17
            XXXX
            -3294.84000000
          
        
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-20
      Simplify Exchange Traded Funds
      Paul Kim
      Paul Kim
      Trustee, President and Treasurer
    
  
  XXXX
Simplify
US
Small
Cap
PLUS
Downside
Convexity
ETF
Schedule
of
Investments
March
31,
2021
(Unaudited)
1
Shares
Value
Exchange-Traded
Funds
–
99
.0
%
iShares
Core
S&P
Small-Cap
ETF(a)(b)
(Cost
$
3,605,727
)
...........................................................
32,783
$
3,536,630‌
Number
of
Contracts
Notional
Amount
Purchased
Options
–
0
.9
%
Puts
–
Exchange-Traded
–
0
.9
%
iShares
Russell
2000
ETF
,
April
Strike
Price
$
175
,
Expires
4/14/22
........
180
$
3,150,000‌
1,980‌
iShares
Russell
2000
ETF
,
June
Strike
Price
$
110
,
Expires
6/17/22
........
85
935,000‌
1,105‌
iShares
Russell
2000
ETF
,
September
Strike
Price
$
110
,
Expires
9/16/22
...
90
990,000‌
4,860‌
iShares
Russell
2000
ETF
,
December
Strike
Price
$
110
,
Expires
12/16/22
..
84
924,000‌
9,492‌
iShares
Russell
2000
ETF
,
January
Strike
Price
$
110
,
Expires
1/20/23
.....
99
1,089,000‌
13,068‌
30,505‌
Total
Purchased
Options
(Cost
$
96,836
)
...........................................................
30,505‌
Total
Investments
–
99.9%
(Cost
$
3,702,563
)
...........................................................................
$
3,567,135‌
Other
Assets
in
Excess
of
Liabilities
–
0
.1
%
.........................................................
4,408‌
Net
Assets
–
100.0%
..........................................................................
$
3,571,543‌
Number
of
Contracts
Notional
Amount
Written
Option
–
0.0%†
Puts
–
Exchange-Traded
–
0.0%†
iShares
Russell
2000
ETF,
April
Strike
Price
$165,
Expires
4/14/22
(Premiums
Received
$
32,088
)
...................................
(180)
$
(
2,970,000‌
)
$
(
1,080‌
)
†
Less
than
0.05%
(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
$1,941,840
have
been
pledged
as
collateral
for
options
as
of
March
31,
2022.
Summary
of
Schedule
of
Investments
Industry
%
of
Net
Assets
Exchange-Traded
Funds
...........................................................................
99
.0‌
%
Purchased
Options
...............................................................................
0
.9‌
%
Total
Investments
................................................................................
99
.9‌
%
Other
Assets
in
Excess
of
Liabilities
..................................................................
0
.1‌
%
Net
Assets
.....................................................................................
100
.0‌
%