# EDGAR Filing Document

**Accession Number:** 0001810747
**File Stem:** 0000940400-26-007103
**Filing Date:** 2026-2
**Character Count:** 31413
**Document Hash:** 42a3b322307cd526422beec4c9669e18
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007103.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000940400-26-007103

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**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:** 26664210

**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 Opportunistic Income ETF (Series ID: S000080585)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000243094 | Simplify Opportunistic Income ETF | CRDT            |

## 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 Opportunistic Income ETF

- **b. EDGAR series identifier (if any):** S000080585

- **c. LEI of Series:** 5493000ECJNWMYAROH65

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $58731442.41

**Total Liabilities:** $1078391.75

**Net Assets:** $57653050.66

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 164.67695000 | **5-Year:** 707.34453000 | **10-Year:** 711.97318000 | **30-Year:** 62.95752000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 2.81199000 | **1-Year:** 2212.24515000 | **5-Year:** 6294.66494000 | **10-Year:** 2132.00333000 | **30-Year:** 250.23151000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243094 | -1.18%               | 1.16%                | -0.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2061311.17              | $-2608243.58                               |
| Month 2  | $188387.31               | $602474.33                                 |
| Month 3  | $351553.55               | $-485482.95                                |

**Designated Index Information**

- **Index Name:** ICE BofA US High Yield Index

- **Index Identifier:** H0A0 Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC. | INVESCO QQQ TRUST SERIES 1                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |        80 | NC      | $10080.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Full House Resorts Inc          | Full House Resorts Inc                                  | CUSIP: 359678109<br>LEI: 5493009DKIWW0H901Y82 | Long             | EC               | CORP              | US        |    165355 | NS      | $431576.55    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Parallel Ltd                    | Parallel 2020-1 Ltd                                     | CUSIP: 69917BAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $790704.91    | 1.37%             | 2034-07-20      | Floating      | 10.65%                | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC               | MFA Financial Inc                                       | CUSIP: 55272X706<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     29100 | NS      | $733320.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NGL ENERGY PARTNERS LP          | NGL Energy Partners LP                                  | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     38100 | NS      | $913638.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Saluda Grade Alternative Mortg  | Saluda Grade Alternative Mortgage Trust 2024-FIG5       | CUSIP: 79582MAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    701761 | PA      | $727831.03    | 1.26%             | 2054-04-25      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                 | Goodgreen 2024-1 Ltd                                    | CUSIP: 38217YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327396 | PA      | $326524.73    | 0.57%             | 2056-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO XII Ltd.            | Elmwood CLO XII Ltd                                     | CUSIP: 29003CAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1677000 | PA      | $1615065.41   | 2.80%             | 2037-10-15      | Floating      | 12.65%                | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund         | Dryden 97 CLO Ltd                                       | CUSIP: 26251RAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000653.25   | 1.74%             | 2038-10-20      | Floating      | 10.03%                | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT         | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  14000000 | PA      | $760004.42    | 1.32%             | 2027-03-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AZUL INVESTMENTS LLP            | Azul Investments LLP                                    | CUSIP: 000000000<br>LEI: 549300C6XNC8IDH04C74 | Long             | DBT              | CORP              | US        |   4105000 | PA      | $82100.00     | 0.14%             | 2026-06-15      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| UBS AG                          | TRS UQUATUB02 INDEX                                     | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               | CORP              | CH        |         1 | NC      | $-189507.04   | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd               | Magnetite 50 Ltd                                        | CUSIP: 55956NAC1<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $241573.24    | 0.42%             | 2038-07-25      | Floating      | 10.99%                | No            |                  2 | On Loan: No      |
| Annaly Capital Management Inc   | Annaly Capital Management Inc                           | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     79655 | NS      | $1781085.80   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| New Economy Assets Phase 1 Iss  | New Economy Assets - Phase 1 Sponsor LLC                | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $471406.88    | 0.82%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne  | PRET 2025-NPL6 LLC                                      | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |    231087 | PA      | $232156.12    | 0.40%             | 2055-06-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                    | Magnera Corp                                            | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982705.00    | 1.70%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LMRK Issuer Co. LLC             | Lmrk Issuer Co 2 LLC                                    | CUSIP: 50209AAK7<br>LEI: 549300TATF7H68SRLE80 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504896.00    | 0.88%             | 2055-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Green Lakes Park CLO LLC        | Green Lakes Park CLO LLC                                | CUSIP: 39310AAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $994620.35    | 1.73%             | 2038-01-25      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                      | AMSR 2024-SFR2 Trust                                    | CUSIP: 00179UAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $959312.70    | 1.66%             | 2041-11-17      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CENTRUS ENERGY CORP             | Centrus Energy Corp                                     | CUSIP: 15643UAF1<br>LEI: 549300G6VDK9G8276661 | Long             | DBT              | CORP              | US        |    500000 | PA      | $644625.00    | 1.12%             | 2032-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CE OAXACA II                    | CE Oaxaca II S de RL de CV                              | CUSIP: 000000000<br>LEI: 4469000001BVB8OPBJ45 | Long             | DBT              | CORP              | MX        |    575360 | PA      | $556660.80    | 0.97%             | 2031-12-31      | Fixed         | 7.25%                 | No            |                  1 | On Loan: No      |
| UBS AG                          | TRS UJNKTUB02 INDEX                                     | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               | CORP              | CH        |         1 | NC      | $74149.70     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| The Huntington National Bank    | Huntington Bank Auto Credit-Linked Notes Series 2025-1  | CUSIP: 446438TA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    363278 | PA      | $366000.94    | 0.63%             | 2033-03-21      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DREYFUS TRSY OBLIG CASH M       | DREYFUS TRSY OBLIG CASH M                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    913988 | NS      | $913988.47    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corp         | Chimera Investment Corp                                 | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |     51025 | NS      | $634240.75    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP         | Chimera Investment Corp                                 | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     74800 | NS      | $1739100.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEOS DE VENEZUELA S        | Petroleos de Venezuela SA                               | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |   1800000 | PA      | $422100.00    | 0.73%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP              | Rithm Capital Corp                                      | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     60564 | NS      | $1491691.32   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP              | Rithm Capital Corp                                      | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     79228 | NS      | $1970400.36   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Milford Park CLO, Ltd.          | Milford Park CLO Ltd                                    | CUSIP: 59967DAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $995260.45    | 1.73%             | 2038-01-20      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                   | United States Treasury Bill                             | CUSIP: 912797TH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2475102.08   | 4.29%             | 2026-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC            | BWX Technologies Inc                                    | CUSIP: 05605HAD2<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    700000 | PA      | $668850.00    | 1.16%             | 2030-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                      | Apidos Clo Lii                                          | CUSIP: 03771QAC7<br>LEI: 254900XJH54T9O9TH452 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $473296.99    | 0.82%             | 2038-04-20      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| DYNEX CAPITAL INC               | Dynex Capital Inc                                       | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |     14000 | NS      | $358120.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp              | Rithm Capital Corp                                      | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    116593 | NS      | $1270863.70   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Point Securitization Trust      | Point Securitization Trust 2025-1                       | CUSIP: 73072DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1205550.00   | 2.09%             | 2055-06-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Chase Auto Credit Linked Notes  | Chase Auto Credit Linked Notes Series 2025-1            | CUSIP: 46591HCX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    666930 | PA      | $681064.49    | 1.18%             | 2033-02-25      | Fixed         | 10.42%                | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag  | Wells Fargo Commercial Mortgage Trust 2024-5C2          | CUSIP: 95003UAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    560000 | PA      | $508641.28    | 0.88%             | 2057-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US   | GoldenTree Loan Management US CLO 16 Ltd                | CUSIP: 38123JAC4<br>LEI: 549300KYU0TCMXRAI217 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $968569.31    | 1.68%             | 2038-01-20      | Floating      | 11.63%                | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MGMT             | Annaly Capital Management Inc                           | CUSIP: 035710821<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     33000 | NS      | $857670.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| QVC GROUP INC                   | QVC Group Inc                                           | CUSIP: 74915M308<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EP               | CORP              | US        |     87789 | NS      | $319551.96    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC           | B Riley Financial Inc                                   | CUSIP: 05580M819<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     41155 | NS      | $506206.50    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp            | AGNC Investment Corp                                    | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    127037 | NS      | $1361836.64   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMLER SCIENTIFIC INC           | Semler Scientific Inc                                   | CUSIP: 81684MAA2<br>LEI: 549300ZHL16S29QTW485 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $794500.00    | 1.38%             | 2030-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Net LLC          | DIAMOND SPORTS N 01/03/28                               | CUSIP: 25277EAB8<br>LEI: 549300MPO5H6LGX4RJ82 | Long             | LON              | CORP              | US        |     70724 | PA      | $27700.30     | 0.05%             | 2028-01-03      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| MFA Financial Inc               | MFA Financial Inc                                       | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |    202500 | NS      | $1885275.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DSG TOPCO PRIVATE EQUITY        | DSG TOPCO PRIVATE EQUITY                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2754 | NS      | $19278.00     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Carlyle Global Market Strategi  | CARLYLE US CLO 2021-8 LTD                               | CUSIP: 143117AG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $994174.64    | 1.72%             | 2038-10-15      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                      | Apidos CLO XLIII Ltd                                    | CUSIP: 03770JAJ9<br>LEI: 549300NZQZOTNS7ILQ86 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $955004.91    | 1.66%             | 2038-07-25      | Floating      | 10.53%                | No            |                  2 | On Loan: No      |
| Dynex Capital Inc               | Dynex Capital Inc                                       | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |    107000 | NS      | $1499070.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Bank Auto Credit-Linked N  | Ally Bank Auto Credit-Linked Notes Series 2024-B        | CUSIP: 02007G4G5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    464807 | PA      | $472709.17    | 0.82%             | 2032-09-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                  | GoTo Group Inc                                          | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    223300 | PA      | $84295.75     | 0.15%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank    | Huntington Bank Auto Credit-Linked Notes Series 2024-2  | CUSIP: 44644NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468084 | PA      | $473088.86    | 0.82%             | 2032-10-20      | Floating      | 11.42%                | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit   | Freddie Mac Mscr Trust Mn11                             | CUSIP: 35563YAC4<br>LEI: 529900E2V0BG2KXC9E18 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1028351.00   | 1.78%             | 2045-07-25      | Floating      | 8.27%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust      | Navient Private Education Refi Loan Trust 2021-B        | CUSIP: 63942LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4722 | PA      | $1208832.00   | 2.10%             | 2069-07-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Point Securitization Trust      | Point Securitization Trust 2025-2                       | CUSIP: 73071PAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002611.60   | 1.74%             | 2055-09-25      | Variable      | 7.00%                 | No            |                  3 | On Loan: No      |
| Invitation Homes Trust          | Invitation Homes 2024-SFR1 Trust                        | CUSIP: 46188DAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $948074.60    | 1.64%             | 2041-09-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK             | First Republic Bank/CA                                  | CUSIP: 33616CAC4<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $3900.00      | 0.01%             | 2047-02-13      | Fixed         | 4.62%                 | No            |                  1 | On Loan: No      |
| FLAGSTAR BANCORP INC            | Flagstar Bancorp Inc                                    | CUSIP: 337930AD3<br>LEI: 549300Q22V2Y3J4R2715 | Long             | DBT              | CORP              | US        |   1109000 | PA      | $1059749.47   | 1.84%             | 2030-11-01      | Floating      | 7.80%                 | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT Inc     | ARMOUR Residential REIT Inc                             | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     78000 | NS      | $1379820.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Radnor Re LTD                   | Radnor Re 2024-1 Ltd                                    | CUSIP: 75049AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1184097.96   | 2.05%             | 2034-09-25      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S  | BBCMS Mortgage Trust 2025-C32                           | CUSIP: 07337AAV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $738266.60    | 1.28%             | 2062-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust        | Benchmark 2021-B25 Mortgage Trust                       | CUSIP: 08163DAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    591160 | PA      | $442038.00    | 0.77%             | 2054-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust        | Benchmark 2019-B9 Mortgage Trust                        | CUSIP: 08160JBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $498866.00    | 0.87%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC          | Full House Resorts Inc                                  | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $436250.00    | 0.76%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| QVC Group Inc                   | QVC Group Inc                                           | CUSIP: 74915M605<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EC               | CORP              | US        |     16696 | NS      | $174640.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP         | Chimera Investment Corp                                 | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     53000 | NS      | $1130490.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AZUL INVESTMENTS LLP            | Azul Investments LLP                                    | CUSIP: 05502FAC2<br>LEI: 549300C6XNC8IDH04C74 | Long             | DBT              | CORP              | US        |    149000 | PA      | $2980.00      | 0.01%             | 2026-06-15      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| Hold For CS                     | Multifamily Connecticut Avenue Securities Trust 2025-01 | CUSIP: 62549CAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1355321.24   | 2.35%             | 2055-05-25      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP              | Rithm Capital Corp                                      | CUSIP: 64828T805<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     42900 | NS      | $1095666.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP            | AGNC Investment Corp                                    | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     22060 | NS      | $545985.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                   | United States Treasury Bill                             | CUSIP: 912797TB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $694000.42    | 1.20%             | 2026-03-31      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Highbridge Loan Management Ltd  | HPS Loan Management 2021-16 Ltd                         | CUSIP: 40441AAE0<br>LEI: 529900WV2JMUABMCHN18 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $987026.07    | 1.71%             | 2035-01-23      | Floating      | 10.36%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-21

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

**Signature:** Paul Kim

**Name of Signer:** Paul Kim

**Title:** Trustee & President