# EDGAR Filing Document

**Accession Number:** 0001810747
**File Stem:** 0000940400-25-011479
**Filing Date:** 2025-11
**Character Count:** 40824
**Document Hash:** 9322d73eb1a881e5968ad8d7af75aa8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011479.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011479

**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:** 251534469

**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:** 2025-09-30

**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:** $92217187.10

**Total Liabilities:** $2725715.64

**Net Assets:** $89491471.46

**Cash Not Reported:** $818701.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -2784.12076000 | **5-Year:** -5180.41194000 | **10-Year:** 6610.42760000 | **30-Year:** 624.01771000

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

- **3-Month:** 12.50799000 | **1-Year:** 2838.16312000 | **5-Year:** 8452.83348000 | **10-Year:** 9695.34860000 | **30-Year:** 1890.51286000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243094 | 0.80%                | 1.15%                | -0.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-30300.73               | $664308.63                                 |
| Month 2  | $53347.90                | $73154.40                                  |
| Month 3  | $90892.88                | $251471.42                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pretium Mortgage Credit Partne              | PRET 2025-NPL6 LLC                                      | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |    240192 | PA      | $241569.93    | 0.27%             | 2055-06-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| AZUL INVESTMENTS LLP                        | Azul Investments LLP                                    | CUSIP: 05502FAC2<br>LEI: 549300C6XNC8IDH04C74 | Long             | DBT              | CORP              | US        |    149000 | PA      | $2980.00      | 0.00%             | 2026-06-15      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| BARCLAYS BANK PLC                           | CDS CDX.NA.HY.45.V1                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-1958566.01  | -2.19%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                             | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7700000 | PA      | $7646681.81   | 8.54%             | 2025-12-04      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| LMRK Issuer Co. LLC                         | Lmrk Issuer Co 2 LLC                                    | CUSIP: 50209AAK7<br>LEI: 549300TATF7H68SRLE80 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503628.65    | 0.56%             | 2055-09-15      | Fixed         | 8.12%                 | 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        |    517550 | PA      | $524449.30    | 0.59%             | 2032-10-20      | Floating      | 11.89%                | 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        |    404175 | PA      | $406068.54    | 0.45%             | 2033-03-21      | Floating      | 7.89%                 | No            |                  2 | 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        |   1750000 | PA      | $1188655.83   | 1.33%             | 2061-10-20      | Fixed         | 2.41%                 | 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      | $477564.20    | 0.53%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp                          | Rithm Capital Corp                                      | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    142085 | NS      | $1618348.15   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLO Issuer, LLC                            | ALLO Issuer LLC                                         | CUSIP: 01983KAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1787555.70   | 2.00%             | 2055-04-20      | Fixed         | 8.10%                 | 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      | $1006716.11   | 1.12%             | 2038-01-25      | Floating      | 9.07%                 | 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      | $1009971.90   | 1.13%             | 2038-10-20      | Floating      | 10.29%                | No            |                  2 | 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        |    738275 | PA      | $765188.73    | 0.86%             | 2054-04-25      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY PARTNERS LP                      | NGL Energy Partners LP                                  | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     38100 | NS      | $887349.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Elmwood CLO XII Ltd.                        | Elmwood CLO XII Ltd                                     | CUSIP: 29003CAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1677000 | PA      | $1609670.50   | 1.80%             | 2037-10-15      | Floating      | 13.07%                | No            |                  2 | On Loan: No      |
| Chimera Investment Corp                     | Chimera Investment Corp                                 | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |     51025 | NS      | $674550.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| QVC Group Inc                               | QVC Group Inc                                           | CUSIP: 74915M605<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EC               | CORP              | US        |     12000 | NS      | $161880.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Multifamily Connecticut Avenue              | Multifamily Connecticut Avenue Securities Trust 2025-01 | CUSIP: 62549CAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1364246.13   | 1.52%             | 2055-05-25      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                          | Kohl's Corp                                             | CUSIP: 500255AQ7<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $763518.40    | 0.85%             | 2037-12-15      | Fixed         | 6.88%                 | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                      | Lumen Technologies Inc                                  | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2039062.50   | 2.28%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  1 | On Loan: No      |
| Magnetite CLO Ltd                           | Magnetite 50 Ltd                                        | CUSIP: 55956NAC1<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244763.62    | 0.27%             | 2038-07-25      | Floating      | 10.99%                | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC                           | MFA Financial Inc                                       | CUSIP: 55272X706<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     20000 | NS      | $502600.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Vehicle Financing LLC                 | Hertz Vehicle Financing III LLC                         | CUSIP: 42806MDE6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014786.20   | 1.13%             | 2029-12-26      | Fixed         | 8.55%                 | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit               | Freddie Mac Mscr Trust Mn11                             | CUSIP: 35563YAC4<br>LEI: 529900E2V0BG2KXC9E18 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1029768.40   | 1.15%             | 2045-07-25      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                             | Zayo Issuer LLC                                         | CUSIP: 98919WAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2598463.50   | 2.90%             | 2055-03-20      | Fixed         | 8.66%                 | No            |                  2 | 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        |    526467 | PA      | $535218.71    | 0.60%             | 2032-09-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                          | Rithm Capital Corp                                      | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    112564 | NS      | $2764571.84   | 3.09%             |  |  |  | No            |                  1 | 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      | $916522.34    | 1.02%             | 2038-01-20      | Floating      | 12.08%                | No            |                  2 | On Loan: No      |
| AZUL INVESTMENTS LLP                        | Azul Investments LLP                                    | CUSIP: 000000000<br>LEI: 549300C6XNC8IDH04C74 | Long             | DBT              | CORP              | US        |   4105000 | PA      | $82100.00     | 0.09%             | 2026-06-15      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| FRANKLIN BSP REALTY TRST                    | Franklin BSP Realty Trust Inc                           | CUSIP: 35243J200<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EP               | CORP              | US        |     11300 | NS      | $238543.00    | 0.27%             |  |  |  | No            |                  1 | 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      | $1369380.00   | 1.53%             | 2069-07-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| AGNC INVESTMENT CORP                        | AGNC Investment Corp                                    | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     22060 | NS      | $555470.80    | 0.62%             |  |  |  | No            |                  1 | 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      | $993868.98    | 1.11%             | 2038-10-15      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| B RILEY FINANCIAL INC                       | B Riley Financial Inc                                   | CUSIP: 05580M819<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     59779 | NS      | $684469.55    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| VINTY HLDG 5 SA NPV                         | VINTY HLDG 5 SA NPV                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        | 110068833 | NS      | $104328.74    | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| Two Harbors Investment Corp                 | Two Harbors Investment Corp                             | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     53250 | NS      | $525577.50    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                               | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |   1800000 | PA      | $292500.00    | 0.33%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       314 | NC      | $164359.22    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURED GUARANTY MUNI                       | Assured Guaranty Municipal Holdings Inc                 | CUSIP: 31769PAB6<br>LEI: 549300WKHOG7BKB8MS12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932429.37    | 1.04%             | 2066-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| AGNC Investment Corp                        | AGNC Investment Corp                                    | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |     86000 | NS      | $841940.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                             | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2481066.68   | 2.77%             | 2025-12-11      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                          | Rithm Capital Corp                                      | CUSIP: 64828T805<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     80000 | NS      | $1988800.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GOTO GROUP INC                              | GoTo Group Inc                                          | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    223300 | PA      | $72851.63     | 0.08%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Net LLC                      | DIAMOND SPORTS N 01/03/28                               | CUSIP: 25277EAB8<br>LEI: 549300MPO5H6LGX4RJ82 | Long             | LON              | CORP              | US        |     65598 | PA      | $57726.68     | 0.06%             | 2028-01-03      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| FLAGSTAR FINANCIAL INC                      | Flagstar Financial Inc                                  | CUSIP: 649445AC7<br>LEI: 529900HVXOTLY61GL030 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1930856.00   | 2.16%             | 2028-11-06      | Floating      | 7.30%                 | No            |                  1 | 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      | $504897.79    | 0.56%             | 2057-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP                     | Chimera Investment Corp                                 | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     74800 | NS      | $1801932.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Issuer LLC                         | Frontier Issuer LLC                                     | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $312838.89    | 0.35%             | 2053-08-20      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                 | Fortress Credit BSL XXIII Ltd                           | CUSIP: 34967CAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006522.00   | 2.24%             | 2038-10-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MSSIQUA1B INDEX                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $154709.64    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XLIII Ltd                                    | CUSIP: 03770JAJ9<br>LEI: 549300NZQZOTNS7ILQ86 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $965450.78    | 1.08%             | 2038-07-25      | Floating      | 10.98%                | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                           | Xerox Corp                                              | CUSIP: 984121CT8<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387620.66    | 0.43%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                | Magnera Corp                                            | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941740.00    | 1.05%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                           | MC Brazil Downstream Trading SARL                       | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    998869 | PA      | $857598.68    | 0.96%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MGMT                         | Annaly Capital Management Inc                           | CUSIP: 035710821<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     33000 | NS      | $860970.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -196 | NC      | $-655656.86   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Goodgreen Trust                             | Goodgreen 2024-1 Ltd                                    | CUSIP: 38217YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327396 | PA      | $325755.33    | 0.36%             | 2056-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FLAGSTAR BANCORP INC                        | Flagstar Bancorp Inc                                    | CUSIP: 337930AD3<br>LEI: 549300Q22V2Y3J4R2715 | Long             | DBT              | CORP              | US        |   1109000 | PA      | $1040764.29   | 1.16%             | 2030-11-01      | Fixed         | 4.12%                 | No            |                  1 | On Loan: No      |
| HPS Loan Management Ltd                     | HPS Loan Management 2021-16 Ltd                         | CUSIP: 40441AAE0<br>LEI: 529900WV2JMUABMCHN18 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999998.13    | 1.12%             | 2035-01-23      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                         | First Republic Bank/CA                                  | CUSIP: 33616CAC4<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $5625.00      | 0.01%             | 2047-02-13      | Fixed         | 4.62%                 | No            |                  1 | On Loan: No      |
| Invitation Homes Trust                      | Invitation Homes 2024-SFR1 Trust                        | CUSIP: 46188DAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $934538.70    | 1.04%             | 2041-09-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                     | Bahamas Government International Bond                   | CUSIP: 056732AM2<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    500000 | PA      | $542250.00    | 0.61%             | 2029-06-16      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC CORP                               | PennyMac Corp                                           | CUSIP: 70932AAH6<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2377050.00   | 2.66%             | 2029-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                    | CUSIP: 698299BV5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    500000 | PA      | $509050.00    | 0.57%             | 2054-03-28      | Fixed         | 6.85%                 | No            |                  1 | On Loan: No      |
| AMSR Trust                                  | AMSR 2024-SFR2 Trust                                    | CUSIP: 00179UAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $952870.90    | 1.06%             | 2041-11-17      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                          | Rithm Capital Corp                                      | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    109696 | NS      | $2700715.52   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MEX BONOS DESARR FIX RT                     | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  21500000 | PA      | $1186654.00   | 1.33%             | 2030-02-28      | Fixed         | 8.50%                 | No            |                  2 | 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        |    730898 | PA      | $744097.56    | 0.83%             | 2033-02-25      | Fixed         | 10.42%                | 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        |   1657122 | NS      | $1657121.85   | 1.85%             |  |  |  | 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      | $41310.00     | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| QVC GROUP INC                               | QVC Group Inc                                           | CUSIP: 74915M308<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EP               | CORP              | US        |     82789 | NS      | $564620.98    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                             | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996970.00    | 1.11%             | 2025-10-28      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                      | Global Atlantic Fin Co                                  | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1589623.50   | 1.78%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       545 | NC      | $76640.63     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | CDS REPUBLIC OF ITALY                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-689714.44   | -0.77%            |  |  |  | No            |                  2 | On Loan: No      |
| Radnor Re LTD                               | Radnor Re 2024-1 Ltd                                    | CUSIP: 75049AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1188990.98   | 1.33%             | 2034-09-25      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA ESCROW                       | GOL FINANCE SA ESCROW                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |   3230000 | PA      | $0.00         | 0.00%             | 2025-01-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2021-B25 Mortgage Trust                       | CUSIP: 08163DAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    591160 | PA      | $435149.86    | 0.49%             | 2054-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Annaly Capital Management Inc               | Annaly Capital Management Inc                           | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     62900 | NS      | $1271209.00   | 1.42%             |  |  |  | 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      | $994349.54    | 1.11%             | 2038-01-20      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos Clo Lii                                          | CUSIP: 03771QAC7<br>LEI: 254900XJH54T9O9TH452 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $464979.78    | 0.52%             | 2038-04-20      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| TWO HARBORS INV CORP                        | Two Harbors Investment Corp                             | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     16561 | NS      | $397464.00    | 0.44%             |  |  |  | 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      | $1175250.00   | 1.31%             | 2055-06-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| MATIV HOLDINGS INC                          | Mativ Holdings Inc                                      | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    450000 | PA      | $446096.97    | 0.50%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Parallel Ltd                                | Parallel 2020-1 Ltd                                     | CUSIP: 69917BAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $792123.43    | 0.89%             | 2034-07-20      | Floating      | 11.09%                | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                      | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1182427.18   | 1.32%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP                     | Chimera Investment Corp                                 | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     38000 | NS      | $877800.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS SECURITIES LLC                          | USD CALL VERSUS HKD PUT                                 | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |  75000000 | NC      | $6958.57      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                  | Uniti Fiber Abs Issuer Llc                              | CUSIP: 91326EAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2091688.80   | 2.34%             | 2055-04-20      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | TRS MSSIJNK1B INDEX                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $225298.33    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US LONG BOND(CBT)                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -140 | NC      | $-341250.00   | -0.38%            |  |  |  | No            |                  1 | 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      | $747914.90    | 0.84%             | 2062-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                       | Lincoln National Corp                                   | CUSIP: 534187BN8<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    812000 | PA      | $700066.67    | 0.78%             | 2066-05-17      | Floating      | 6.80%                 | No            |                  1 | On Loan: No      |
| SEMLER SCIENTIFIC INC                       | Semler Scientific Inc                                   | CUSIP: 81684MAA2<br>LEI: 549300ZHL16S29QTW485 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $888411.65    | 0.99%             | 2030-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                        | Michaels Cos Inc/The                                    | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $420000.00    | 0.47%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | 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