# EDGAR Filing Document

**Accession Number:** 0001810747
**File Stem:** 0000940400-25-011481
**Filing Date:** 2025-11
**Character Count:** 36068
**Document Hash:** 7ea47b1706e3f03b719428db9a29dd5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011481.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011481

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Simplify Exchange Traded Funds
- **CENTRAL INDEX KEY:** 0001810747

**ORGANIZATION NAME:**
- **EIN:** 851887571
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23570
- **FILM NUMBER:** 251534472

**BUSINESS ADDRESS:**
- **STREET 1:** 222 BROADWAY
- **STREET 2:** 22ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10038
- **BUSINESS PHONE:** 646-741-2438

**MAIL ADDRESS:**
- **STREET 1:** 222 BROADWAY
- **STREET 2:** 22ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10038

## Series and Classes Contracts Data

### Simplify Commodities Strategy No K-1 ETF (Series ID: S000079963)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000241460 | Simplify Commodities Strategy No K-1 ETF | HARD            |

## Nport-Ex

#### Simplify

#### Commodities

#### Strategy

#### No

#### K-1

#### ETF

#### Consolidated

#### Schedule

#### of

#### Investments
September

30,

2025

(Unaudited)

#### Shares

#### Value

#### U.S.

#### Exchange-Traded

#### Funds

#### –

#### 79.3%

#### Money

#### Market

#### Funds

#### –

#### 79.3%
Simplify

Government

Money

Market

ETF(a)

(Cost

$38,790,096)

.......................................................

387,500

$

38,781,000

#### Principal

#### U.S.

#### Treasury

#### Bills

#### –

#### 17.7%
U.S.

Treasury

Bill,

4.33%,

10/28/2025

(b) .......................................

$

4,100,000

4,087,577

U.S.

Treasury

Bill,

4.21%,

11/13/2025

(b) ........................................

3,500,000

3,483,257

U.S.

Treasury

Bill,

3.96%,

12/11/2025

(b) ........................................

1,100,000

1,091,669

Total

U.S.

Treasury

Bills

(Cost

$8,663,983)

..........................................

8,662,503

#### Shares

#### Money

#### Market

#### Fund

#### –

#### 0.6%
Dreyfus

Treasury

Obligations

Cash

Management

Fund,

Institutional

Shares,

4.00%(c)

(Cost

$292,838)

..........................................................

292,838

292,838

Total

Investments

–

97.6%

(Cost

$47,746,917)

.............................................................

$

47,736,341

Other

Assets

in

Excess

of

Liabilities

–

2.4%

............................................

1,170,612

#### Net

#### Assets

#### –

#### 100.0%

#### .............................................................

#### $

#### 48,906,953
(a) A

copy

of

the

security's

annual

report

to

shareholders

may

be

obtained

without

charge

at

www.simplify.us.

(b) Represents

a

zero

coupon

bond.

Rate

shown

reflects

the

effective

yield.

(c) Rate

shown

reflects

the

7-day

yield

as

of

September

30,

2025. #### At

#### September

#### 30,

#### 2025,

#### open

#### futures

#### contracts

#### were

#### as

#### follows:

#### Number

#### of

#### Contracts

#### Notional

#### Value

#### Expiration

#### Date

#### Value/

#### Unrealized

#### Appreciation
(Depreciation)

#### Long

#### position

#### contracts:
Cattle

Feeder

Future

..........................

$

361,025

10/30/25

$

(1,238)

Gasoline

RBOB

Futures

.......................

3,390,937

10/31/25

(25,011)

Soybean

Future

..............................

350,613

11/14/25

(13,154)

Canola

(WCE)

Future

.........................

1,600,299

11/14/25

(281,064)

Cattle

Feeder

Future

..........................

3,234,150

11/20/25

(4,869)

WTI

Crude

Future

............................

2,416,440

11/20/25

(83,765)

Natural

Gas

Future

...........................

155,200

11/25/25

–

NY

Harbor

ULSD

Futures

......................

483,063

11/28/25

(16,045)

Gasoline

RBOB

Futures

.......................

2,992,021

11/28/25

(50,287)

Cotton

No.

Future

...........................

1,085,205

12/8/25

(21,246)

Lean

Hogs

Futures

...........................

2,093,910

12/12/25

77,080

Corn

Future

.................................

3,407,100

12/12/25

17,163

Cocoa

Future

................................

1,214,820

12/15/25

(209,270)

Coffee

"C"

Future

............................

1,405,688

12/18/25

72,713

WTI

Crude

Future

............................

1,356,960

12/19/25

(42,190)

Gold

OZ

Future

..........................

10,070,320

12/29/25

393,394

Copper

Future

...............................

5,220,737

12/29/25

250,081

Silver

Futures

...............................

1,166,000

12/29/25

93,492

Palladium

Future

.............................

772,440

12/29/25

15,140

Live

Cattle

Future

............................

5,071,140

12/31/25

75,320

#### Simplify

#### Commodities

#### Strategy

#### No

#### K-1

#### ETF

#### Consolidated

#### Schedule

#### of

#### Investments
(Continued)

September

30,

2025

(Unaudited)

#### Number

#### of

#### Contracts

#### Notional

#### Value

#### Expiration

#### Date

#### Value/

#### Unrealized

#### Appreciation
(Depreciation)

#### Long

#### position

#### contracts:
(continued)

NY

Harbor

ULSD

Futures

......................

$

287,683

12/31/25

$

(8,336)

Gasoline

RBOB

Futures

.......................

1,166,256

12/31/25

(23,545)

Soybean

Meal

Futures

........................

83,370

1/14/26

(3,320)

Soybean

Future

..............................

1,071,263

1/14/26

(47,439)

Canola

(WCE)

Future

.........................

444,205

1/14/26

(59,901)

WTI

Crude

Future

............................

1,106,640

1/20/26

(29,950)

Platinum

Future

..............................

802,850

1/28/26

1,575

Cattle

Feeder

Future

..........................

1,941,775

1/29/26

16,325

NY

Harbor

ULSD

Futures

......................

285,944

1/30/26

(8,043)

Gasoline

RBOB

Futures

.......................

311,640

1/30/26

(8,652)

Lean

Hogs

Futures

...........................

1,228,080

2/13/26

26,720

WTI

Crude

Future

............................

1,656,720

2/20/26

(51,290)

Gold

OZ

Future

..........................

390,460

2/25/26

10,210

Live

Cattle

Future

............................

3,035,840

2/27/26

(3,040)

Cotton

No.

Futures

..........................

439,205

3/9/26

(9,155)

Corn

Future

.................................

2,332,800

3/13/26

4,363

Canola

(WCE)

Future

.........................

117,586

3/13/26

(12,227)

Soybean

Future

..............................

1,139,325

3/13/26

(49,553)

Cocoa

Future

................................

951,440

3/16/26

(113,720)

Coffee

"C"

Future

............................

807,637

3/19/26

34,463

WTI

Crude

Future

............................

796,770

3/20/26

(23,030)

Copper

Future

...............................

738,000

3/27/26

34,900

WTI

Crude

Future

............................

551,340

4/21/26

(13,510)

Cotton

No.

Future

...........................

137,720

5/6/26

(2,935)

Cocoa

Future

................................

203,640

5/13/26

(35,470)

Corn

Future

.................................

1,281,075

5/14/26

(2,463)

Soybean

Future

..............................

734,825

5/14/26

(30,481)

Coffee

"C"

Future

............................

260,588

5/18/26

3,150

WTI

Crude

Future

............................

1,163,180

5/19/26

(29,840)

Corn

Futures

................................

1,167,400

7/14/26

(600) #### Total

#### unrealized

#### appreciation/(depreciation)

#### $

#### (188,550)

#### Short

#### position

#### contracts:
WTI

Crude

Future

............................

(1) (62,370)

10/21/25

2,610

Wheat

Future

(CBT)

..........................

(14) (355,600)

12/12/25

9,585

Kansas

City

Hard

Red

Winter

Wheat

Future

.......

(12) (298,650)

12/12/25

8,570

Soybean

Meal

Futures

........................

(1) (27,330)

12/12/25

(10) Natural

Gas

Future

...........................

(2) (83,540)

12/29/25

(760) Natural

Gas

Future

...........................

(1) (39,790)

1/28/26

(380) Natural

Gas

Future

...........................

(2) (72,460)

2/25/26

(920) Sugar

#11

(World)

Future

......................

(23) (427,616)

2/27/26

(2,139)

Wheat

Future

(CBT)

..........................

(5) (131,750)

3/13/26

2,688

Kansas

City

Hard

Red

Winter

Wheat

Future

.......

(4) (103,750)

3/13/26

2,550

Natural

Gas

Future

...........................

(3) (104,700)

3/27/26

(1,715)

Natural

Gas

Future

...........................

(1) (35,180)

4/28/26

(290) Sugar

#11

(World)

Future

......................

(5) (90,384)

4/30/26

Natural

Gas

Future

...........................

(1) (36,870)

5/27/26

(770) #### Simplify

#### Commodities

#### Strategy

#### No

#### K-1

#### ETF

#### Consolidated

#### Schedule

#### of

#### Investments
(Continued)

September

30,

2025

(Unaudited)

#### Number

#### of

#### Contracts

#### Notional

#### Value

#### Expiration

#### Date

#### Value/

#### Unrealized

#### Appreciation
(Depreciation)

#### Short

#### position

#### contracts:
(continued)

Sugar

#11

(World)

Future

......................

(5) $

(89,488)

6/30/26

$

#### Total

#### unrealized

#### appreciation/(depreciation)

#### $

#### 19,467

#### Total

#### net

#### unrealized

#### depreciation

#### $

#### (169,083)

#### Summary

#### of

#### Investment

#### Type††

#### Investment

#### Categories

#### %

#### of

#### Net

#### Assets
U.S.

Exchange-Traded

Funds

....................................................................

79.3%

U.S.

Treasury

Bills

.............................................................................

17.7%

Money

Market

Fund

...........................................................................

0.6%

Total

Investments

.............................................................................

97.6%

Other

Assets

in

Excess

of

Liabilities

...............................................................

2.4%

#### Net

#### Assets

#### ..................................................................................

#### 100.0%
††

The

percentage

shown

for

each

investment

category

is

the

total

value

of

investments

in

that

category

as

a

percentage

of

the

net

assets

of

the

Fund.

The

table

depicts

the

Fund's

investments

but

may

not

represent

the

Fund's

market

exposure

to

certain

derivatives,

if

any,

which

are

included

in

Other

Assets

in

Excess

of

Liabilities.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Simplify Exchange Traded Funds

- **b. Investment Company Act file number:** 811-23570

- **c. CIK number of Registrant:** 0001810747

- **d. LEI of Registrant:** 549300LDDEMEUCZQEO55

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 10845 Griffith Peak Drive

  - **City:** Las Vegas

  - **State:** NV

  - **Foreign country:** US

  - **Zip / Postal Code:** 89135

  - **Telephone number:** (702) 389-9705

**Item A.2. Information about the Series.**

- **a. Name of Series:** Simplify Commodities Strategy No K-1 ETF

- **b. EDGAR series identifier (if any):** S000079963

- **c. LEI of Series:** 549300LUJCGPQCEX8Q16

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $44995180.61

**Total Liabilities:** $602239.93

**Net Assets:** $44392940.68

**Amount of Assets Invested in Other Investment Companies:** $9344594.30

**Cash Not Reported:** $349556.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241460 | 0.68%                | 8.91%                | -1.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $115.71                  | $23945.70                                  |
| Month 2  | $15.07                   | $-18081.24                                 |
| Month 3  | $163.25                  | $-14061.15                                 |

**Designated Index Information**

- **Index Name:** Absolute

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ICE FUTURES U.S., INC.                      | CANOLA (WCE)                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        50 | NC      | $-59900.89    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COCOA                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        18 | NC      | $-209270.00   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COTTON NO.2                          | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        33 | NC      | $-21245.62    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | SILVER                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         5 | NC      | $93491.67     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | GASOLINE RBOB                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        38 | NC      | $-50286.60    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | WHEAT (CBT)                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -5 | NC      | $2687.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | CATTLE FEEDER                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |         2 | NC      | $-1237.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | COPPER                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |        43 | NC      | $250081.25    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | SUGAR #11 (WORLD)                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       -10 | NC      | $168.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | SUGAR #11 (WORLD)                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        -8 | NC      | $-173.61      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -2 | NC      | $-1070.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | CATTLE FEEDER                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        11 | NC      | $16325.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COCOA                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        14 | NC      | $-113720.00   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | LEAN HOGS                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        34 | NC      | $26720.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | CATTLE FEEDER                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        18 | NC      | $-4868.75     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NY HARB ULSD                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-8043.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CORN                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        58 | NC      | $-2462.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COFFEE 'C'                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         2 | NC      | $3150.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -1 | NC      | $-770.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        39 | NC      | $-83765.00    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        22 | NC      | $-49552.50    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CORN                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       168 | NC      | $17790.63     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NY HARB ULSD                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-8335.60     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -1 | NC      | $2610.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CORN                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        52 | NC      | $-600.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | GASOLINE RBOB                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         4 | NC      | $-8652.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COFFEE 'C'                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         6 | NC      | $34462.50     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COTTON NO.2                          | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        13 | NC      | $-9155.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS TRSY OBLIG CASH M                   | DREYFUS TRSY OBLIG CASH M            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    292838 | NS      | $292837.85    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | PLATINUM                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        10 | NC      | $1575.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | LEAN HOGS                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        59 | NC      | $77080.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         9 | NC      | $-13510.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COTTON NO.2                          | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         4 | NC      | $-2935.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | LIVE CATTLE                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        32 | NC      | $-3040.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | SUGAR #11 (WORLD)                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       -40 | NC      | $-4424.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -4 | NC      | $-2890.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill          | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4100000 | PA      | $4087577.00   | 9.21%             | 2025-10-28      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        14 | NC      | $-30481.25    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | CANOLA (WCE)                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        13 | NC      | $-12227.37    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        22 | NC      | $-42190.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | KC HRW WHEAT                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       -12 | NC      | $8570.46      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | KC HRW WHEAT                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        -4 | NC      | $2550.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | WHEAT (CBT)                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       -14 | NC      | $9585.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -2 | NC      | $-760.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | LIVE CATTLE                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              | CORP              | US        |        54 | NC      | $75320.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | GASOLINE RBOB                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        42 | NC      | $-25011.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | PALLADIUM                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         6 | NC      | $15140.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CORN                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |       109 | NC      | $4516.67      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COFFEE 'C'                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |        10 | NC      | $72712.50     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill          | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1100000 | PA      | $1091669.34   | 2.46%             | 2025-12-11      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        19 | NC      | $-29840.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         7 | NC      | $-13154.17    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | COCOA                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-35470.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -4 | NC      | $-2610.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | GOLD 100 OZ                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |        26 | NC      | $393394.29    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                      | CANOLA (WCE)                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              | CORP              | US        |       184 | NC      | $-281063.80   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NY HARB ULSD                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |         5 | NC      | $-16044.84    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | NATURAL GAS                          | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        -2 | NC      | $-1440.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        27 | NC      | $-51290.00    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill          | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3483256.88   | 7.85%             | 2025-11-13      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |        21 | NC      | $-47439.29    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Simplify Government Money Market ETF        | Simplify Government Money Market ETF | CUSIP: 82889N269<br>LEI: 529900UXSTJQHYE7H806 | Long             | STIV             | RF                | US        |    347500 | NS      | $34777800.00  | 78.34%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        13 | NC      | $-23030.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | SOYBEAN MEAL                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              | CORP              | US        |         3 | NC      | $-3320.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | GOLD 100 OZ                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         1 | NC      | $10210.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | WTI CRUDE                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        18 | NC      | $-29950.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY EXCHANGE, INC.                    | COPPER                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              | CORP              | US        |         6 | NC      | $34900.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE, INC.          | GASOLINE RBOB                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              | CORP              | US        |        15 | NC      | $-23545.20    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Simplify Exchange Traded Funds

**Signature:** Paul Kim

**Name of Signer:** Paul Kim

**Title:** Trustee & President