# Simplify Bitcoin Strategy PLUS Income ETF (MAXI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/maxi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Simplify · Asset class: Alternatives - Strategy: Thematic · Inception: 2022-09-29 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 contr... ## Key Facts | Metric | Value | |---|---| | Price | $13.67 | | Expense Ratio | 1.31% | | Assets Under Management | $33.8M | | NAV | $13.67 | | Holdings Count | 39 | | Distribution Yield (TTM) | 22.06% | | Annual Distribution (TTM) | $3.02 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.22 – $28.38 | | Beta | 1.57 | ## Latest Distribution - Amount: $0.0500 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 22.06%, 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 $33.8M 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. ### Does MAXI pay a dividend? Yes, Simplify Bitcoin Strategy PLUS Income ETF (MAXI) distributes dividends to shareholders. The trailing-twelve-month yield is 22.06%. Full dividend history is on this page. ### How often does MAXI pay dividends? Simplify Bitcoin Strategy PLUS Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is MAXI's next ex-dividend date? The most recently announced ex-dividend date for MAXI was 2026-09-25. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will MAXI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.31% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MAXI charge its expense ratio? The expense ratio is deducted in tiny daily slices from MAXI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MAXI cost more than a fund like VOO? MAXI's strategy (current expense ratio 1.31%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MAXI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MAXI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MAXI (1.31%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/maxi - Distribution history: https://www.dividenddata.com/funds/maxi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/maxi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/maxi/expenses - Peer comparison: https://www.dividenddata.com/funds/maxi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.