The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM NPORT-P
Monthly Portfolio Investments Report

NPORT-P: Filer Information

Confidential ☐
Filer CIK
0001810747
Filer CCC
********
Filer Investment Company Type
Is this a LIVE or TEST Filing? ☐ LIVE ☐ TEST
Would you like a Return Copy? ☐
Is this an electronic copy of an official filing submitted in paper format? ☐

Submission Contact Information

Name
Phone
E-Mail Address

Notification Information

Notify via Filing Website only? ☐
Notification E-mail Address
Series ID
S000088355
Class (Contract) ID
C000254611

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 for Registrant: (e.g., 811-______)
811-23570
c. CIK number of Registrant
0001810747
d. LEI of Registrant
549300LDDEMEUCZQEO55
e. Address and telephone number of Registrant:
i. Street Address 1
10845 Griffith Peak Drive
ii. Street Address 2
iii. City
Las Vegas
iv. State, if applicable
v. Foreign country, if applicable
vi. Zip / Postal Code
89135
vii. Telephone number
(702) 389-9705

Item A.2. Information about the Series.

a. Name of Series.
Simplify Gold Strategy PLUS Income ETF
b. EDGAR series identifier (if any).
S000088355
c. LEI of Series.
52990021UFP7TNAY7T68

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

a. Does the Fund anticipate that this will be its final filing on Form N PORT? ☐ Yes ☒ No

NPORT-P: Part B: Information About the Fund

Report the following information for the Fund and its consolidated subsidiaries.

Item B.1. Assets and liabilities. Report amounts in U.S. dollars.

a. Total assets, including assets attributable to miscellaneous securities reported in Part D.
45634098.99
b. Total liabilities.
1377856.46
c. Net assets.
44256242.53

Item B.2. Certain assets and liabilities. Report amounts in U.S. dollars.

a. Assets attributable to miscellaneous securities reported in Part D.
0.00000000
b. Assets invested in a Controlled Foreign Corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities.
10444484.06000000
c. Borrowings attributable to amounts payable for notes payable, bonds, and similar debt, as reported pursuant to rule 6-04(13)(a) of Regulation S-X [17 CFR 210.6-04(13)(a)].
Amounts payable within one year.
Banks or other financial institutions for borrowings.
0.00000000
Controlled companies.
0.00000000
Other affiliates.
0.00000000
Others.
0.00000000
Amounts payable after one year.
Banks or other financial institutions for borrowings.
0.00000000
Controlled companies.
0.00000000
Other affiliates.
0.00000000
Others.
0.00000000
d. Payables for investments purchased either (i) on a delayed delivery, when-issued, or other firm commitment basis, or (ii) on a standby commitment basis.
(i) On a delayed delivery, when-issued, or other firm commitment basis:
0.00000000
(ii) On a standby commitment basis:
0.00000000
e. Liquidation preference of outstanding preferred stock issued by the Fund.
0.00000000
f. Cash and cash equivalents not reported in Parts C and D.
1326529.75000000

Item B.3. Portfolio level risk metrics.

If the average value of the Fund's debt securities positions for the previous three months, in the aggregate, exceeds 25% or more of the Fund's net asset value, provide:
a. Interest Rate Risk (DV01). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 1 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years.
b. Interest Rate Risk (DV100). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 100 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years.

Currency Metric RecordISO Currency code3 month1 year5 years10 years30 years
#1 United States Dollar
Interest Rate Risk (DV01)
259.538960000.000000000.000000000.000000000.00000000
Interest Rate Risk (DV100)
25953.897070000.000000000.000000000.000000000.00000000

c. Credit Spread Risk (SDV01, CR01 or CS01). Provide the change in value of the portfolio resulting from a 1 basis point change in credit spreads where the shift is applied to the option adjusted spread, aggregated by investment grade and non-investment grade exposures, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years.

Credit Spread Risk3 month1 year5 years10 years30 years
Investment grade 0.000000000.000000000.000000000.000000000.00000000
Non-Investment grade 0.000000000.000000000.000000000.000000000.00000000

For purposes of Item B.3., calculate value as the sum of the absolute values of:
(i) the value of each debt security,
(ii) the notional value of each swap, including, but not limited to, total return swaps, interest rate swaps, and credit default swaps, for which the underlying reference asset or assets are debt securities or an interest rate;
(iii) the notional value of each futures contract for which the underlying reference asset or assets are debt securities or an interest rate; and
(iv) the delta-adjusted notional value of any option for which the underlying reference asset is an asset described in clause (i),(ii), or (iii).

Report zero for maturities to which the Fund has no exposure. For exposures that fall between any of the listed maturities in (a) and (b), use linear interpolation to approximate exposure to each maturity listed above. For exposures outside of the range of maturities listed above, include those exposures in the nearest maturity.

Item B.4. Securities lending.

a. For each borrower in any securities lending transaction, provide the following information:

Borrower Information RecordName of borrowerLEI (if any) of borrowerAggregate value of all securities on loan to the borrower
— — — —

b. Did any securities lending counterparty provide any non-cash collateral? ☐ Yes ☒ No

Item B.5. Return information.

a. Monthly total returns of the Fund for each of the preceding three months. If the Fund is a Multiple Class Fund, report returns for each class. Such returns shall be calculated in accordance with the methodologies outlined in Item 26(b) (1) of Form N-1A, Instruction 13 to sub-Item 1 of Item 4 of Form N-2, or Item 26(b) (i) of Form N-3, as applicable.

Monthly Total Return Record Monthly total returns of the Fund for each of the preceding three months Class identification number(s) (if any) of the Class(es) for which returns are reported
Month 1 Month 2 Month 3
#1-3.140000007.7600000015.48000000C000254611

b. For each of the preceding three months, monthly net realized gain (loss) and net change in unrealized appreciation (or depreciation) attributable to derivatives for each of the following categories: commodity contracts, credit contracts, equity contracts, foreign exchange contracts, interest rate contracts, and other contracts. Within each such asset category, further report the same information for each of the following types of derivatives instrument: forward, future, option, swaption, swap, warrant, and other. Report in U.S. dollars. Losses and depreciation shall be reported as negative numbers.

Asset category Instrument type Month 1 Month 2 Month 3
Monthly net realized gain(loss) Monthly net change in unrealized appreciation (or depreciation) Monthly net realized gain(loss) Monthly net change in unrealized appreciation (or depreciation) Monthly net realized gain(loss) Monthly net change in unrealized appreciation (or depreciation)
Commodity Contracts-353762.0800000097080.00000000-44.460000002318190.000000005925673.27000000-515880.00000000
Forward 0.000000000.000000000.000000000.000000000.000000000.00000000
Future -353762.0800000097080.00000000-44.460000002318190.000000005925673.27000000-515880.00000000
Option 0.000000000.000000000.000000000.000000000.000000000.00000000
Swaption 0.000000000.000000000.000000000.000000000.000000000.00000000
Swap 0.000000000.000000000.000000000.000000000.000000000.00000000
Warrant 0.000000000.000000000.000000000.000000000.000000000.00000000
Other 0.000000000.000000000.000000000.000000000.000000000.00000000
Credit Contracts0.000000000.000000000.000000000.000000000.000000000.00000000
Forward 0.000000000.000000000.000000000.000000000.000000000.00000000
Future 0.000000000.000000000.000000000.000000000.000000000.00000000
Option 0.000000000.000000000.000000000.000000000.000000000.00000000
Swaption 0.000000000.000000000.000000000.000000000.000000000.00000000
Swap 0.000000000.000000000.000000000.000000000.000000000.00000000
Warrant 0.000000000.000000000.000000000.000000000.000000000.00000000
Other 0.000000000.000000000.000000000.000000000.000000000.00000000
Equity Contracts28797.13000000-853123.42000000-539495.82000000508107.81000000-30920.92000000134747.16000000
Forward 0.000000000.000000000.000000000.000000000.000000000.00000000
Future 0.000000000.000000000.000000000.000000000.000000000.00000000
Option 28797.13000000-853123.42000000-539495.82000000508107.81000000-30920.92000000134747.16000000
Swaption 0.000000000.000000000.000000000.000000000.000000000.00000000
Swap 0.000000000.000000000.000000000.000000000.000000000.00000000
Warrant 0.000000000.000000000.000000000.000000000.000000000.00000000
Other 0.000000000.000000000.000000000.000000000.000000000.00000000
Foreign Exchange Contracts0.000000000.000000000.000000000.000000000.000000000.00000000
Forward 0.000000000.000000000.000000000.000000000.000000000.00000000
Future 0.000000000.000000000.000000000.000000000.000000000.00000000
Option 0.000000000.000000000.000000000.000000000.000000000.00000000
Swaption 0.000000000.000000000.000000000.000000000.000000000.00000000
Swap 0.000000000.000000000.000000000.000000000.000000000.00000000
Warrant 0.000000000.000000000.000000000.000000000.000000000.00000000
Other 0.000000000.000000000.000000000.000000000.000000000.00000000
Interest Rate Contracts0.000000000.000000000.000000000.000000000.000000000.00000000
Forward 0.000000000.000000000.000000000.000000000.000000000.00000000
Future 0.000000000.000000000.000000000.000000000.000000000.00000000
Option 0.000000000.000000000.000000000.000000000.000000000.00000000
Swaption 0.000000000.000000000.000000000.000000000.000000000.00000000
Swap 0.000000000.000000000.000000000.000000000.000000000.00000000
Warrant 0.000000000.000000000.000000000.000000000.000000000.00000000
Other 0.000000000.000000000.000000000.000000000.000000000.00000000
Other Contracts0.000000000.000000000.000000000.000000000.000000000.00000000
Forward 0.000000000.000000000.000000000.000000000.000000000.00000000
Future 0.000000000.000000000.000000000.000000000.000000000.00000000
Option 0.000000000.000000000.000000000.000000000.000000000.00000000
Swaption 0.000000000.000000000.000000000.000000000.000000000.00000000
Swap 0.000000000.000000000.000000000.000000000.000000000.00000000
Warrant 0.000000000.000000000.000000000.000000000.000000000.00000000
Other 0.000000000.000000000.000000000.000000000.000000000.00000000

c. For each of the preceding three months, monthly net realized gain (loss) and net change in unrealized appreciation (or depreciation) attributable to investment other than derivatives. Report in U.S. dollars. Losses and depreciation shall be reported as negative numbers.

MonthMonthly net realized gain(loss)Monthly net change in unrealized appreciation (or depreciation)
Month 1 -32.1600000013358.30000000
Month 2 0.53000000-36333.91000000
Month 3 -10471.7000000011542.97000000

Item B.6. Flow information.

a. Provide the aggregate dollar amounts for sales and redemptions/repurchases of Fund shares during each of the preceding three months. If shares of the Fund are held in omnibus accounts, for purposes of calculating the Fund's sales, redemptions, and repurchases, use net sales or redemptions/repurchases from such omnibus accounts. The amounts to be reported under this Item should be after any front-end sales load has been deducted and before any deferred or contingent deferred sales load or charge has been deducted. Shares sold shall include shares sold by the Fund to a registered unit investment trust. For mergers and other acquisitions, include in the value of shares sold any transaction in which the Fund acquired the assets of another investment company or of a personal holding company in exchange for its own shares. For liquidations, include in the value of shares redeemed any transaction in which the Fund liquidated all or part of its assets. Exchanges are defined as the redemption or repurchase of shares of one Fund or series and the investment of all or part of the proceeds in shares of another Fund or series in the same family of investment companies.

MonthTotal net asset value of shares sold (including exchanges but excluding reinvestment of dividends and distributions)Total net asset value of shares sold in connection with reinvestments of dividends and distributionsTotal net asset value of shares redeemed or repurchased, including exchanges
Month 1 2595215.620000000.000000000.00000000
Month 2 2608284.690000000.000000000.00000000
Month 3 4877827.190000000.000000000.00000000

Item B.7. Highly Liquid Investment Minimum information.

a. If applicable, provide the Fund's current Highly Liquid Investment Minimum.
—
b. If applicable, provide the number of days that the Fund's holdings in Highly Liquid Investments fell below the Fund's Highly Liquid Investment Minimum during the reporting period.
—
c. Did the Fund's Highly Liquid Investment Minimum change during the reporting period? ☐ Yes ☐ No ☐ N/A

Item B.8. Derivatives Transactions.

For portfolio investments of open-end management investment companies, provide the percentage of the Fund's Highly Liquid Investments that it has pledged as margin or collateral in connection with derivatives transactions that are classified among the following categories as specified in rule 22e-4 [17 CFR 270.22e-4]:
(1) Moderately Liquid Investments
(2) Less Liquid Investments
(3) Illiquid Investments
For purposes of Item B.8, when computing the required percentage, the denominator should only include assets (and exclude liabilities) that are categorized by the Fund as Highly Liquid Investments.
Classification
—

Item B.9. Derivatives Exposure for limited derivatives users.

If the Fund is excepted from the rule 18f-4 [17 CFR 270.18f-4] program requirement and limit on fund leverage risk under rule 18f-4(c)(4) [17 CFR 270.18f-4(c)(4)], provide the following information:
a. Derivatives exposure (as defined in rule 18f-4(a) [17 CFR 270.18f-4(a)]), reported as a percentage of the Fund’s net asset value.
—
b. Exposure from currency derivatives that hedge currency risks, as provided in rule 18f-4(c)(4)(i)(B) [17 CFR 270.18f-4(c)(4)(i)(B)], reported as a percentage of the Fund's net asset value.
—
c. Exposure from interest rate derivatives that hedge interest rate risks, as provided in rule 18f-4(c)(4)(i)(B) [17 CFR 270.18f-4(c)(4)(i)(B)], reported as a percentage of the Fund's net asset value.
—
d. The number of business days, if any, in excess of the five-business-day period described in rule 18f-4(c)(4)(ii) [17 CFR 270.18f-4(c)(4)(ii)], that the Fund’s derivatives exposure exceeded 10 percent of its net assets during the reporting period.
—

Item B.10. VaR information.

For Funds subject to the limit on fund leverage risk described in rule 18f-4(c)(2) [17 CFR 270.18f-4(c)(2)], provide the following information, as determined in accordance with the requirement under rule 18f-4(c)(2)(ii) to determine the fund’s compliance with the applicable VaR test at least once each business day:
a. Median daily VaR during the reporting period, reported as a percentage of the Fund's net asset value.
—
b. For Funds that were subject to the Relative VaR Test during the reporting period, provide:
i. As applicable, the name of the Fund’s Designated Index, or a statement that the Fund's Designated Reference Portfolio is the Fund’s Securities Portfolio.
Absolute
ii. As applicable, the index identifier for the Fund’s Designated Index.
N/A
iii. Median VaR Ratio during the reporting period, reported as a percentage of the VaRof the Fund's Designated Reference Portfolio.
—
c. Backtesting Results. Number of exceptions that the Fund identified as a result of its backtesting of its VaR calculation model (as described in rule 18f-4(c)(1)(iv) [17 CFR 270.18f-4(c)(1)(iv)] during the reporting period.
—

NPORT-P: Part C: Schedule of Portfolio Investments

For each investment held by the Fund and its consolidated subsidiaries, disclose the information requested in Part C. A Fund may report information for securities in an aggregate amount not exceeding five percent of its total assets as miscellaneous securities in Part D in lieu of reporting those securities in Part C, provided that the securities so listed are not restricted, have been held for not more than one year prior to the end of the reporting period covered by this report, and have not been previously reported by name to the shareholders of the Fund or to any exchange, or set forth in any registration statement, application, or report to shareholders or otherwise made available to the public.
Schedule of Portfolio Investments Record: 1

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6400
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WTXVN90
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-14.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-9240.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.02087841052

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6400.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
5939.87000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 2

Item C.1. Identification of investment.

a. Name of issuer (if any).
NASDAQ, INC.
b. LEI (if any) of issuer. (1)
549300L8X1Q78ERXFD06
c. Title of the issue or description of the investment.
NASDAQ 100 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
NDXP 10 P22300
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WVBKYZ4
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
4.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
3840.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.008676742037

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1NASDAQ, INC.549300L8X1Q78ERXFD06

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
NASDAQ
Title of issue.
NASDAQ 100 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
NDX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
NDX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
22300.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-3370.02000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 3

Item C.1. Identification of investment.

a. Name of issuer (if any).
NASDAQ, INC.
b. LEI (if any) of issuer. (1)
549300L8X1Q78ERXFD06
c. Title of the issue or description of the investment.
NASDAQ 100 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
NDXP 10 P22400
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01X09YL02
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
4.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
2280.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.005151815585

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1NASDAQ, INC.549300L8X1Q78ERXFD06

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
NASDAQ
Title of issue.
NASDAQ 100 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
NDX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
NDX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
22400.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-6915.34000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 4

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6360
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WJJ7PB1
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
71.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
10472.50000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.023663328383

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6360.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-03
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-3814.36000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 5

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 C6775
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WYT8ZK9
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
62.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
465.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.001050699231

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☐ Put ☒ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6775.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-01
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-42582.43000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 6

Item C.1. Identification of investment.

a. Name of issuer (if any).
TREASURY BILL
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
United States Treasury Bill
d. CUSIP (if any).
912797RE9
At least one of the following other identifiers:
- ISIN
US912797RE99

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
3400000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
3389698.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
7.659253940734

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2025-10-28
b. Coupon.
i. Coupon category. (13)
None
ii. Annualized rate.
0.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 7

Item C.1. Identification of investment.

a. Name of issuer (if any).
TREASURY BILL
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
United States Treasury Bill
d. CUSIP (if any).
912797QS9
At least one of the following other identifiers:
- ISIN
US912797QS94

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
1000000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
993075.56000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
2.243921994341

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2025-12-04
b. Coupon.
i. Coupon category. (13)
None
ii. Annualized rate.
0.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 8

Item C.1. Identification of investment.

a. Name of issuer (if any).
NASDAQ, INC.
b. LEI (if any) of issuer. (1)
549300L8X1Q78ERXFD06
c. Title of the issue or description of the investment.
NASDAQ 100 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
NDXP 10 P23400
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01X09YJY0
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-4.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-7440.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.01681118769

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1NASDAQ, INC.549300L8X1Q78ERXFD06

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
NASDAQ
Title of issue.
NASDAQ 100 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
NDX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
NDX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
23400.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
18088.66000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 9

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6100
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WZYQXY7
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
15.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
2100.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.004745093301

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6100.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-4660.85000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 10

Item C.1. Identification of investment.

a. Name of issuer (if any).
TREASURY BILL
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
United States Treasury Bill
d. CUSIP (if any).
912797QY6
At least one of the following other identifiers:
- ISIN
US912797QY62

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
8200000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
8137898.69000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
18.38813741244

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2025-12-11
b. Coupon.
i. Coupon category. (13)
None
ii. Annualized rate.
0.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 11

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 C6670
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WYT9XP8
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
14.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
58100.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.131280914688

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☐ Put ☒ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6670.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-03
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
2082.87000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 12

Item C.1. Identification of investment.

a. Name of issuer (if any).
TREASURY BILL
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
United States Treasury Bill
d. CUSIP (if any).
912797NU7
At least one of the following other identifiers:
- ISIN
US912797NU77

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
300000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
297240.83000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.671635938813

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2025-12-26
b. Coupon.
i. Coupon category. (13)
None
ii. Annualized rate.
0.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 13

Item C.1. Identification of investment.

a. Name of issuer (if any).
INTERCONTINENTAL EXCHANGE, INC.
b. LEI (if any) of issuer. (1)
5493000F4ZO33MV32P92
c. Title of the issue or description of the investment.
SPDR GOLD SHARES
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
GLD 10 P334
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01X16DDB6
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-452.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-12656.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.02859709563

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1INTERCONTINENTAL EXCHANGE, INC.5493000F4ZO33MV32P92

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
SPDR Gold Shares
Title of issue.
SPDR Gold Shares
At least one of the following other identifiers:
- CUSIP.
78463V107
- ISIN (if CUSIP is not available).
US78463V1070
- Ticker (if CUSIP and ISIN are not available).
GLD
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
334.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
16849.02000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 14

Item C.1. Identification of investment.

a. Name of issuer (if any).
TREASURY BILL
b. LEI (if any) of issuer. (1)
254900HROIFWPRGM1V77
c. Title of the issue or description of the investment.
United States Treasury Bill
d. CUSIP (if any).
912797QQ3
At least one of the following other identifiers:
- ISIN
US912797QQ39

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
4500000.00000000
b. Units
Principal amount
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
4478473.13000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
10.11941564393

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Debt
b. Issuer type. (7)
U.S. Treasury

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

For debt securities, also provide:
a. Maturity date.
2025-11-13
b. Coupon.
i. Coupon category. (13)
None
ii. Annualized rate.
0.00000000
c. Currently in default? ☐ Yes ☒ No
d. Are there any interest payments in arrears? (14)☐ Yes ☒ No
e. Is any portion of the interest paid in kind? (15)☐ Yes ☒ No
f. For convertible securities, also provide:
i. Mandatory convertible? ☐ Yes ☐ No
ii. Contingent convertible? ☐ Yes ☐ No
iii. Description of the reference instrument. (16)

Reference Instrument RecordName of issuerTitle of issueCurrency in which denominated
— — — —

iv. Conversion ratio per US$1000 notional. (17)

Bond Currency RecordConversion ratio per 1000 unitsISO Currency Code
— — —

v. Delta (if applicable).

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 15

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6400
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WZYQW60
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-15.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-6300.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.01423527990

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6400.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
13789.15000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 16

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
RUSSELL 2000 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
RUTW 10 P2330
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WYV8995
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-45.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-18450.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.04168903401

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
FINANCIAL TIMES STOCK EXCHANGE
Title of issue.
RUSSELL 2000 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
RUT
- Other identifier (if CUSIP, ISIN, and ticker are not available).
RUT_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
2330.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
1902.45000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 17

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
RUSSELL 2000 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
RUTW 10 P2315
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WYV9YP1
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-45.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-14175.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.03202937978

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
FINANCIAL TIMES STOCK EXCHANGE
Title of issue.
RUSSELL 2000 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
RUT
- Other identifier (if CUSIP, ISIN, and ticker are not available).
RUT_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
2315.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
10093.09000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 18

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6400
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WVB5HQ8
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
49.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
12862.50000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.029063696474

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6400.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-06
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
138.50000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 19

Item C.1. Identification of investment.

a. Name of issuer (if any).
NASDAQ, INC.
b. LEI (if any) of issuer. (1)
549300L8X1Q78ERXFD06
c. Title of the issue or description of the investment.
NASDAQ 100 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
NDXP 10 P22550
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WWFC5P7
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
4.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
4800.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.010845927547

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1NASDAQ, INC.549300L8X1Q78ERXFD06

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
NASDAQ
Title of issue.
NASDAQ 100 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
NDX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
NDX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
22550.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-651.14000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 20

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
RUSSELL 2000 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
RUTW 10 P2340
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01XHKLJ99
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-46.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-14260.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.03222144308

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
FINANCIAL TIMES STOCK EXCHANGE
Title of issue.
RUSSELL 2000 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
RUT
- Other identifier (if CUSIP, ISIN, and ticker are not available).
RUT_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
2340.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
19157.69000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 21

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6440
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WTXVN72
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-14.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-11410.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.02578167360

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6440.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
1669.87000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 22

Item C.1. Identification of investment.

a. Name of issuer (if any).
Simplify Government Money Market ETF
b. LEI (if any) of issuer. (1)
529900UXSTJQHYE7H806
c. Title of the issue or description of the investment.
Simplify Government Money Market ETF
d. CUSIP (if any).
82889N269
At least one of the following other identifiers:
- ISIN
US82889N2696
- Ticker (if ISIN is not available).
SBIL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
249200.00000000
b. Units
Number of shares
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
24939936.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
56.35348726926

Item C.3. Payoff profile.

a. Payoff profile. (5)☒ Long ☐ Short ☐ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Short-term investment vehicle (e.g., money market fund, liquidity pool, or other cash management vehicle)
b. Issuer type. (7)
Registered fund

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

N/A

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 23

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 C6725
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01W4013L2
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
20.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
107800.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.243581456168

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☐ Put ☒ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6725.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-17
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
23382.53000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 24

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 C6690
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01X7616H2
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
14.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
58100.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.131280914688

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☐ Put ☒ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6690.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
1671.27000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 25

Item C.1. Identification of investment.

a. Name of issuer (if any).
COMMODITY EXCHANGE, INC.
b. LEI (if any) of issuer. (1)
N/A
c. Title of the issue or description of the investment.
GOLD 100 OZ
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
GCZ5
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG00R4SQNY8
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
170.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
1526920.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
3.450179935553

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-commodity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Future
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1COMMODITY EXCHANGE, INC.N/A

c. For futures and forwards (other than forward foreign currency contracts), provide:
i. Payoff profile, selected from among the following (long, short).
Long
ii. Description of reference instrument, as required by sub-Item C.11.c.iii.
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
GOLD
Title of issue.
GOLD
At least one of the following other identifiers:
- CUSIP.
000000000
- Other identifier (if CUSIP, ISIN, and ticker are not available).
GOLD1
If other identifier provided, indicate the type of identifier used.
INTERNAL
iii. Expiration date.
2025-12-29
iv. Aggregate notional amount or contract value on trade date.
64317480.00000000
ISO Currency Code.
United States Dollar
v. Unrealized appreciation or depreciation. (24)
1526920.00000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 26

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6100
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WTXW8T0
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
14.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
3150.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.007117639952

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6100.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-990.13000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 27

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
RUSSELL 2000 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
RUTW 10 P2215
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WYVB232
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
45.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
4950.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.011184862783

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
FINANCIAL TIMES STOCK EXCHANGE
Title of issue.
RUSSELL 2000 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
RUT
- Other identifier (if CUSIP, ISIN, and ticker are not available).
RUT_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
2215.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-2012.41000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 28

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 C6725
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WX6THP2
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
15.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
48675.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.109984484035

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☐ Put ☒ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6725.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-13832.75000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 29

Item C.1. Identification of investment.

a. Name of issuer (if any).
INTERCONTINENTAL EXCHANGE, INC.
b. LEI (if any) of issuer. (1)
5493000F4ZO33MV32P92
c. Title of the issue or description of the investment.
SPDR GOLD SHARES
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
GLD 10 P338
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01X16DSN0
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-456.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-20748.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.04688152182

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1INTERCONTINENTAL EXCHANGE, INC.5493000F4ZO33MV32P92

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
SPDR Gold Shares
Title of issue.
SPDR Gold Shares
At least one of the following other identifiers:
- CUSIP.
78463V107
- ISIN (if CUSIP is not available).
US78463V1070
- Ticker (if CUSIP and ISIN are not available).
GLD
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
338.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
4458.13000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 30

Item C.1. Identification of investment.

a. Name of issuer (if any).
INTERCONTINENTAL EXCHANGE, INC.
b. LEI (if any) of issuer. (1)
5493000F4ZO33MV32P92
c. Title of the issue or description of the investment.
SPDR GOLD SHARES
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
GLD 10 P324
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WZ47030
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
452.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
5424.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.012255898128

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1INTERCONTINENTAL EXCHANGE, INC.5493000F4ZO33MV32P92

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
SPDR Gold Shares
Title of issue.
SPDR Gold Shares
At least one of the following other identifiers:
- CUSIP.
78463V107
- ISIN (if CUSIP is not available).
US78463V1070
- Ticker (if CUSIP and ISIN are not available).
GLD
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
324.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-3829.98000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 31

Item C.1. Identification of investment.

a. Name of issuer (if any).
NASDAQ, INC.
b. LEI (if any) of issuer. (1)
549300L8X1Q78ERXFD06
c. Title of the issue or description of the investment.
NASDAQ 100 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
NDXP 10 P23550
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WWCLD40
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-4.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-15420.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.03484254224

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1NASDAQ, INC.549300L8X1Q78ERXFD06

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
NASDAQ
Title of issue.
NASDAQ 100 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
NDX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
NDX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
23550.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
2652.86000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 32

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 C6790
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01XFPZR51
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
34.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
5865.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.013252367721

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☐ Put ☒ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6790.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-06
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-49410.62000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 33

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
S&P 500 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
SPXW 10 P6140
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WXSP1C7
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
14.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
3500.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.007908488836

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
STANDARD & POOR'S FINANCIAL SERVICES LLC
Title of issue.
STANDARD & POORS'S 500
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
SPX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
SPX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
6140.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
199.87000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 34

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
RUSSELL 2000 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
RUTW 10 P2240
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01XHKK7X9
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
46.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
3910.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.008834911814

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
FINANCIAL TIMES STOCK EXCHANGE
Title of issue.
RUSSELL 2000 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
RUT
- Other identifier (if CUSIP, ISIN, and ticker are not available).
RUT_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
2240.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-08
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-6096.89000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 35

Item C.1. Identification of investment.

a. Name of issuer (if any).
NASDAQ, INC.
b. LEI (if any) of issuer. (1)
549300L8X1Q78ERXFD06
c. Title of the issue or description of the investment.
NASDAQ 100 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
NDXP 10 P23300
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WVBKXT3
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
-4.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
-10960.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
-0.02476486789

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1NASDAQ, INC.549300L8X1Q78ERXFD06

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☒ Written ☐ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
NASDAQ
Title of issue.
NASDAQ 100 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
NDX
- Other identifier (if CUSIP, ISIN, and ticker are not available).
NDX_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
23300.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
10389.87000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 36

Item C.1. Identification of investment.

a. Name of issuer (if any).
INTERCONTINENTAL EXCHANGE, INC.
b. LEI (if any) of issuer. (1)
5493000F4ZO33MV32P92
c. Title of the issue or description of the investment.
SPDR GOLD SHARES
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
GLD 10 P328
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01X169MX7
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
456.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
7524.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.017000991430

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1INTERCONTINENTAL EXCHANGE, INC.5493000F4ZO33MV32P92

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
SPDR Gold Shares
Title of issue.
SPDR Gold Shares
At least one of the following other identifiers:
- CUSIP.
78463V107
- ISIN (if CUSIP is not available).
US78463V1070
- Ticker (if CUSIP and ISIN are not available).
GLD
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
328.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
-899.87000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No
Schedule of Portfolio Investments Record: 37

Item C.1. Identification of investment.

a. Name of issuer (if any).
CBOE GLOBAL MARKETS, INC.
b. LEI (if any) of issuer. (1)
529900RLNSGA90UPEH54
c. Title of the issue or description of the investment.
RUSSELL 2000 INDEX
d. CUSIP (if any).
000000000
At least one of the following other identifiers:
- Ticker (if ISIN is not available).
RUTW 10 P2230
- Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used
BBG01WYV8708
Description of other unique identifier.
ID_BB_GLOBAL

Item C.2. Amount of each investment.

Balance. (2)
a. Balance
45.00000000
b. Units
Number of contracts
c. Description of other units.
d. Currency. (3)
United States Dollar
e. Value. (4)
5400.00000000
f. Exchange rate.
g. Percentage value compared to net assets of the Fund.
0.012201668490

Item C.3. Payoff profile.

a. Payoff profile. (5)☐ Long ☐ Short ☒ N/A

Item C.4. Asset and issuer type.

a. Asset type. (6)
Derivative-equity
b. Issuer type. (7)
Corporate

Item C.5. Country of investment or issuer.

a. ISO country code. (8)
UNITED STATES OF AMERICA
b. Investment ISO country code. (9)

Item C.6. Is the investment a Restricted Security?

a. Is the investment a Restricted Security? ☐ Yes ☒ No

Item C.7. Liquidity classification information.

a. Liquidity classification information. (10)
Category.
N/A

Item C.8. Fair value level.

a. Level within the fair value hierarchy (12)☒ 1 ☐ 2 ☐ 3 ☐ N/A

Item C.9. Debt securities.

N/A

Item C.10. Repurchase and reverse repurchase agreements.

N/A

Item C.11. Derivatives.

a. Type of derivative instrument (21)
Option
b. Counterparty.
i. Provide the name and LEI (if any) of counterparty (including a central counterparty).

Counterparty Info RecordName of counterpartyLEI (if any) of counterparty
#1CBOE GLOBAL MARKETS, INC.529900RLNSGA90UPEH54

ii. Type, selected from among the following (put, call). Respond call for warrants. ☒ Put ☐ Call
iii. Payoff profile, selected from among the following (written, purchased). Respond purchased for warrants. ☐ Written ☒ Purchased
3. The reference instrument is neither a derivative or an index (28)
Name of issuer.
FINANCIAL TIMES STOCK EXCHANGE
Title of issue.
RUSSELL 2000 INDEX
At least one of the following other identifiers:
- CUSIP.
000000000
- Ticker (if CUSIP and ISIN are not available).
RUT
- Other identifier (if CUSIP, ISIN, and ticker are not available).
RUT_INDEX_US
If other identifier provided, indicate the type of identifier used.
INTERNAL
iv. Number of shares or principal amount of underlying reference instrument per contract.
Number of shares.
100.00000000
v. Exercise price or rate.
2230.00000000
vi. Exercise Price Currency Code
United States Dollar
vii. Expiration date.
2025-10-10
viii. Delta.
XXXX
ix. Unrealized appreciation or depreciation. (24)
327.45000000

Item C.12. Securities lending.

a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? ☐ Yes ☒ No
b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? ☐ Yes ☒ No
c. Is any portion of this investment on loan by the Fund? ☐ Yes ☒ No

NPORT-P: Part E: Explanatory Notes (if any)

The Fund may provide any information it believes would be helpful in understanding the information reported in response to any Item of this Form. The Fund may also explain any assumptions that it made in responding to any Item of this Form. To the extent responses relate to a particular Item, provide the Item number(s), as applicable.

NPORT-P: Additional notes

IdentifierNote
(1) LEI (if any) of issuer. In the case of a holding in a fund that is a series of a series trust, report the LEI of the series.
(2) Balance. Indicate whether amount is expressed in number of shares, principal amount, or other units. For derivatives contracts, as applicable, provide the number of contracts.
(3) Currency. Indicate the currency in which the investment is denominated.
(4) Value. Report values in U.S. dollars. If currency of investment is not denominated in U.S. dollars, provide the exchange rate used to calculate value.
(5) Indicate payoff profile among the following categories (long, short, N/A). For derivatives, respond N/A to this Item and respond to the relevant payoff profile question in Item [C/D].11.
(6) Asset type (short-term investment vehicle (e.g., money market fund, liquidity pool, or other cash management vehicle), repurchase agreement, equity-common, equity-preferred, debt, derivative-commodity, derivative-credit, derivative-equity, derivative-foreign exchange, derivative-interest rate, derivatives-other, structured note, loan, ABS-mortgage backed security, ABS-asset backed commercial paper, ABS-collateralized bond/debt obligation, ABS-other, commodity, real estate, other). If “other” provide a brief description.
(7) Issuer type (corporate, U.S. Treasury, U.S. government agency, U.S. government sponsored entity, municipal, non-U.S. sovereign, private fund, registered fund, other). If “other” provide a brief description.
(8) Report the ISO country code that corresponds to the country where the issuer is organized.
(9) If different from the country where the issuer is organized, also report the ISO country code that corresponds to the country of investment or issuer based on the concentrations of the risk and economic exposure of the investments.
(10) Liquidity classification information. For portfolio investments of open-end management investment companies, provide the liquidity classification(s) for each portfolio investment among the following categories as specified in rule 22e-4 [17 CFR 270.22e-4]: Highly Liquid Investments, Moderately Liquid Investments, Less Liquid Investments, Illiquid Investments. For portfolio investments with multiple liquidity classifications, indicate the percentage amount attributable to each classification.
(11) Funds may choose to indicate the percentage amount of a holding attributable to multiple classification categories only in the following circumstances:
(1) if portions of the position have differing liquidity features that justify treating the portions separately;
(2) if a fund has multiple sub-advisers with differing liquidity views; or
(3) if the fund chooses to classify the position through evaluation of how long it would take to liquidate the entire position (rather than basing it on the sizes it would reasonably anticipated trading).
In (1) and (2), a fund would classify using the reasonably anticipated trade size for each portion of the position.
(12) Indicate the level within the fair value hierarchy in which the fair value measurements fall pursuant to U.S. Generally Accepted Accounting Principles 7 (ASC 820, Fair Value Measurement). [1/2/3] Report "N/A" if the investment does not have a level associated with it (i.e., net asset value used as the practical expedient).
(13) Select the category that most closely reflects the coupon type among the following (fixed, floating, variable, none).
(14) Are there any interest payments in arrears or have any coupon payments been legally deferred by the issuer? [Y/N]
(15) Enter "N" if the interest may be paid in kind but is not actually paid in kind or if the Fund has the option of electing in-kind payment and has elected to be paid in-kind.
(16) Description of the reference instrument, including the name of issuer, title of issue, and currency in which denominated, as well as CUSIP of reference instrument, ISIN (if CUSIP is not available), ticker (if CUSIP and ISIN are not available), or other identifier (if CUSIP, ISIN, and ticker are not available).
If other identifier provided, indicate the type of identifier used.
(17) Conversion ratio per US$1000 notional, or, if bond currency is not in U.S. dollars, per 1000 units of the relevant currency, indicating the relevant currency. If there is more than one conversion ratio, provide each conversion ratio.
(18) Select the category that reflects the transaction (repurchase, reverse repurchase). Select "repurchase agreement" if the Fund is the cash lender and receives collateral. Select "reverse repurchase agreement" if the Fund is the cash borrower and posts collateral.
(19) If multiple securities of an issuer are subject to the repurchase agreement, those securities may be aggregated.
(20) Category of investments that most closely represents the collateral, selected from among the following (asset-backed securities; agency collateralized mortgage obligations; agency debentures and agency strips; agency mortgage-backed securities; private label collateralized mortgage obligations; corporate debt securities; equities; money market; U.S. Treasuries (including strips); other instrument). If "other instrument", include a brief description, including, if applicable, whether it is a collateralized debt obligation, municipal debt, whole loan, or international debt
(21) Type of derivative instrument that most closely represents the investment, selected from among the following (forward, future, option, swaption, swap (including but not limited to total return swaps, credit default swaps, and interest rate swaps), warrant, other).
(22) In the case of a holding in a fund that is a series of a series trust, report the LEI of the series.
(23) Description and terms of payments necessary for a user of financial information to understand the terms of payments to be paid and received, including, as applicable, description of the reference instrument, obligation, or index, financing rate, floating coupon rate, fixed coupon rate, and payment frequency.
(24) Depreciation shall be reported as a negative number.
(25) If the reference instrument is a derivative, indicate the category of derivative from among the categories listed in sub-Item C.11.a. and provide all information required to be reported on this Form for that category.
(26) If the reference instrument is an index or custom basket, and if the index’s or custom basket’s components are publicly available on a website and are updated on that website no less frequently than quarterly, identify the index and provide the index identifier, if any. If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents 1% or less of the net asset value of the Fund, provide a narrative description of the index. If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents more than 5% of the net asset value of the Fund, provide the (i) name, (ii) identifier, (iii) number of shares or notional amount or contract value as of the trade date (all of which would be reported as negative for short positions), and (iv) value of every component in the index or custom basket. The identifier shall include CUSIP of the index’s or custom basket’s components, ISIN (if CUSIP is not available), ticker (if CUSIP and ISIN are not available), or other identifier (if CUSIP, ISIN, and ticker are not available). If other identifier provided, indicate the type of identifier used.

If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents greater than 1%, but 5% or less, of the net asset value of the Fund, Funds shall report the required component information described above, but may limit reporting to the (i) 50 largest components in the index and (ii) any other components where the notional value for that components is over 1% of the notional value of the index or custom basket.
An index or custom basket, where the components are publicly available on a website and are updated on that website no less frequently than quarterly.
(27) If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents 1% or less of the net asset value of the Fund, provide a narrative description of the index.
(28) If the reference instrument is neither a derivative or an index, the description of the reference instrument shall include the name of issuer and title of issue, as well as CUSIP of the reference instrument, ISIN (if CUSIP is not available), ticker if (CUSIP and ISIN are not available), or other identifier (if CUSIP, ISIN, and ticker are not available).
(29) If the Fund is required to adopt a policy as described in rule 35d-1(a)(2)(i) or (a)(3)(i) [17 CFR 270.35d-1(a)(2)(i) or (3)(i)], is the investment included in the Fund’s 80% basket, as defined in rule 35d-1(g), as applicable?

NPORT-P: Signatures

The Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Registrant:
Simplify Exchange Traded Funds
By (Signature):
Paul Kim
Name:
Paul Kim
Title:
Trustee & President
Date:
2025-11-26
Simplify
Gold
Strategy
PLUS
Income
ETF
Consolidated
Schedule
of
Investments
September
30,
2025
(Unaudited)
1
Shares
Value
U.S.
Exchange-Traded
Funds
–
58.6%
Money
Market
Funds
–
58.6%
Simplify
Government
Money
Market
ETF(a)(b)
(Cost
$25,954,798)
......................................................
259,200
$
25,940,736‌
Principal
U.S.
Treasury
Bills
–
39.1%
U.S.
Treasury
Bill,
4.31%,
10/28/2025
(b)(c)
....................................
$
3,400,000‌
3,389,698‌
U.S.
Treasury
Bill,
4.18%,
11/13/2025
(c)
.......................................
4,500,000‌
4,478,473‌
U.S.
Treasury
Bill,
4.01%,
12/4/2025
(c)
........................................
1,000,000‌
993,076‌
U.S.
Treasury
Bill,
3.99%,
12/11/2025
(b)(c)
....................................
8,200,000‌
8,137,898‌
U.S.
Treasury
Bill,
3.96%,
12/26/2025
(c)
.......................................
300,000‌
297,241‌
Total
U.S.
Treasury
Bills
(Cost
$17,294,421)
........................................
17,296,386‌
Number
of
Contracts
Notional
Amount
Purchased
Options
–
0.8%
Calls
–
Exchange-Traded
–
0.6%
S&P
500
Index,
October
Strike
Price
$6,775,
Expires
10/02/25
...........
62
42,005,000‌
465‌
S&P
500
Index,
October
Strike
Price
$6,670,
Expires
10/06/25
...........
14
9,338,000‌
58,100‌
S&P
500
Index,
October
Strike
Price
$6,790,
Expires
10/07/25
...........
34
23,086,000‌
5,865‌
S&P
500
Index,
October
Strike
Price
$6,690,
Expires
10/08/25
...........
14
9,366,000‌
58,100‌
S&P
500
Index,
October
Strike
Price
$6,725,
Expires
10/10/25(d)
.........
15
10,087,500‌
48,675‌
S&P
500
Index,
October
Strike
Price
$6,725,
Expires
10/17/25
...........
20
13,450,000‌
107,800‌
279,005‌
Puts
–
Exchange-Traded
–
0.2%
Nasdaq
100
Index,
October
Strike
Price
$22,550,
Expires
10/10/25(d)
......
4
9,020,000‌
4,800‌
Russell
2000
Index,
October
Strike
Price
$2,240,
Expires
10/08/25(d)
......
46
10,304,000‌
3,910‌
Russell
2000
Index,
October
Strike
Price
$2,215,
Expires
10/10/25(d)
......
45
9,967,500‌
4,950‌
Russell
2000
Index,
October
Strike
Price
$2,230,
Expires
10/10/25(d)
......
45
10,035,000‌
5,400‌
S&P
500
Index,
October
Strike
Price
$6,360,
Expires
10/06/25
...........
71
45,156,000‌
10,472‌
S&P
500
Index,
October
Strike
Price
$6,400,
Expires
10/07/25
...........
49
31,360,000‌
12,863‌
S&P
500
Index,
October
Strike
Price
$6,350,
Expires
10/09/25
...........
80
50,800,000‌
28,000‌
S&P
500
Index,
October
Strike
Price
$6,100,
Expires
10/10/25(d)
.........
14
8,540,000‌
3,150‌
S&P
500
Index,
October
Strike
Price
$6,140,
Expires
10/10/25(d)
.........
14
8,596,000‌
3,500‌
SPDR
Gold
Shares,
October
Strike
Price
$324,
Expires
10/10/25(d)
.......
452
14,644,800‌
5,424‌
SPDR
Gold
Shares,
October
Strike
Price
$328,
Expires
10/10/25(d)
.......
456
14,956,800‌
7,524‌
89,993‌
Total
Purchased
Options
(Cost
$463,296)
............................................
368,998‌
Total
Investments
–
98.5%
(Cost
$43,712,515)
............................................................
$
43,606,120‌
Other
Assets
in
Excess
of
Liabilities
–
1.5%
...........................................
650,014‌
Net
Assets
–
100.0%
............................................................
$
44,256,134‌
Simplify
Gold
Strategy
PLUS
Income
ETF
Consolidated
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
2
Value
Number
of
Contracts
Notional
Amount
Written
Options
–
(0.3)%
Puts
–
Exchange-Traded
–
(0.3)%
Nasdaq
100
Index,
October
Strike
Price
$23,550,
Expires
10/10/25
........
(4)
$
(9,420,000‌)
$
(15,420‌)
Russell
2000
Index,
October
Strike
Price
$2,340,
Expires
10/08/25
........
(46)
(10,764,000‌)
(14,260‌)
Russell
2000
Index,
October
Strike
Price
$2,315,
Expires
10/10/25
........
(45)
(10,417,500‌)
(14,175‌)
Russell
2000
Index,
October
Strike
Price
$2,330,
Expires
10/10/25
........
(45)
(10,485,000‌)
(18,450‌)
S&P
500
Index,
October
Strike
Price
$6,400,
Expires
10/10/25
...........
(14)
(8,960,000‌)
(9,240‌)
S&P
500
Index,
October
Strike
Price
$6,440,
Expires
10/10/25
...........
(14)
(9,016,000‌)
(11,410‌)
SPDR
Gold
Shares,
October
Strike
Price
$334,
Expires
10/10/25
.........
(452)
(15,096,800‌)
(12,656‌)
SPDR
Gold
Shares,
October
Strike
Price
$338,
Expires
10/10/25
.........
(456)
(15,412,800‌)
(20,748‌)
(116,359‌)
Total
Written
Options
(Premiums
Received
$179,082)
...................................
$
(116,359‌)
(a)
A
copy
of
the
security's
annual
report
to
shareholders
may
be
obtained
without
charge
at
www.simplify.us.
(b)
Securities
with
an
aggregate
market
value
of
$21,799,245
have
been
pledged
as
collateral
for
options
as
of
September
30,
2025.
(c)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(d)
Held
in
connection
with
Written
Options.
At
September
30,
2025,
open
futures
contracts
were
as
follows:
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Long
position
contracts:
Gold
100
OZ
Future
..........................
170
$
65,844,400‌
12/29/25
$
1,526,920‌
Summary
of
Investment
Type††
Investment
Categories
%
of
Net
Assets
U.S.
Exchange-Traded
Funds
....................................................................
58.6‌%
U.S.
Treasury
Bills
.............................................................................
39.1‌%
Purchased
Options
............................................................................
0.8‌%
Total
Investments
.............................................................................
98.5‌%
Other
Assets
in
Excess
of
Liabilities
...............................................................
1.5‌%
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.