Simplify

US

Equity

PLUS

GBTC

ETF

Schedule

of

Investments

March

31,

2024

(Unaudited)

1

††

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.

Shares

Value

Exchange-Traded

Funds

–

84.6%

Equity

Funds

–

84.6%

iShares

Core

S&P

500

ETF(a)

(Cost

$15,068,382)

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

31,210

$

16,408,033‌

Grantor

Trusts

–

10.5%

Alternative

Funds

–

10.5%

Grayscale

Bitcoin

Trust

BTC*

(Cost

$1,175,903)

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

32,289

2,039,696‌

Money

Market

Funds

–

3.0%

Fidelity

Investments

Money

Market

Treasury

Only

Portfolio

-

Class

I,

5.20%(b)

(Cost

$587,066)

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

587,066

587,066‌

Total

Investments

–

98.1%

(Cost

$16,831,351)

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

$

19,034,795‌

Other

Assets

in

Excess

of

Liabilities

–

1.9%

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

363,436‌

Net

Assets

–

100.0%

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

$

19,398,231‌

*

Non

Income

Producing

(a)

A

copy

of

the

security's

annual

report

to

shareholders

may

be

obtained

without

charge

at

www.ishares.com.

(b)

Rate

shown

reflects

the

7-day

yield

as

of

March

31,

2024.

At

March

31,

2024,

open

futures

contracts

were

as

follows:

Number

of

Contracts

Notional

Value

Expiration

Date

Value/

Unrealized

Appreciation

(Depreciation)

Long

position

contracts:

S&P

500

E-Mini

Future

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

11

$

2,919,675‌

6/21/24

$

36,505‌

Summary

of

Investment

Type††

Industry

%

of

Net

Assets

Exchange-Traded

Funds

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

84.6‌%

Grantor

Trusts

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

10.5‌%

Money

Market

Funds

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

3.0‌%

Total

Investments

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

98.1‌%

Other

Assets

in

Excess

of

Liabilities

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

1.9‌%

Net

Assets

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

100.0‌%