Simplify Bitcoin Strategy PLUS Income ETF

Frequently Asked Questions About MAXI

What does MAXI invest in?

The Simplify Bitcoin Strategy PLUS Income ETF, known as MAXI, targets capital growth through its dynamic management of investments linked to Bitcoin. To generate additional revenue, a carefully crafted, risk-managed options overlay is integrated into the portfolio. The fund's allocation to Bitcoin-related assets is highly flexible, ranging from 50% to an aggressive 200% of its net asset value, guided by an exclusive, in-house technical model. Rather than direct ownership, this exposure is achieved through diverse financial vehicles such as Bitcoin exchange-traded funds (ETFs), futures contracts, options, or swap agreements. The income generation from options primarily involves writing put spreads on a broad spectrum of underlying assets, including major equity indices, as well as exchange-traded funds focused on bonds and commodities. It is important to note that the fund explicitly avoids direct investment in physical Bitcoin.

What is the expense ratio of MAXI?

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

What is MAXI's dividend yield?

MAXI's trailing-twelve-month yield is 69.62%, calculated from the sum of dividends over the past year divided by the current price.

How big is MAXI?

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) manages $27.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MAXI actively managed or an index fund?

MAXI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MAXI launched?

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) launched in September 2022 and is managed by Simplify.