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BUCK · Simplify Treasury Option Income ETF

Know the company

Company overview

Simplify Treasury Option Income ETF combines Treasury-oriented holdings with an options strategy. Treasury interest provides one stream of cash; option premiums, gains and losses add a different source of return and risk.

Business: Treasury and option-income ETF
Listing: BUCK · ARCX
Reporting period: 2026-06-30
Dividend schedule: Monthly

How the business works

Treasury and collateral interest after expenses become net investment income. Option gains and losses affect the wider return and cash distribution separately, so neither the interest line nor an option premium alone tells the whole story.

Simplify Treasury Option Income ETF: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.12Reviewed declaration · Payment Aug 31, 2026

Regular dividend

Announced Aug 25, 2026

Dates and issuer sources

Announcement: Aug 25, 2026
Declaration: Aug 25, 2026
Ex-dividend: Aug 26, 2026
Record: Aug 26, 2026
Payment: Aug 31, 2026
Source reviewed: Sep 21, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$0.83

Jul 1, 2025 to Jun 30, 2026

Distribution yield6.15%Sourced distributions divided by dated market price

Trailing 12-month income yield3.57%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $23.2600 on Sep 29, 2026. Historical income; not a forecast.

Annual earnings$0.83Public Researched estimate per share

Trailing 12-month distributions$1.44Recorded recurring payments per share, not a forecast

Distribution supportSee period evidenceJul 1, 2025 to Jun 30, 2026. Net investment income excludes investment gains, option activity where applicable, and other potential distribution sources, so an income-coverage percentage is not assessed.

Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Regular dividend

$0.12

Payment: Aug 31, 2026

Announced Aug 25, 2026

Dates and issuer sources

Announcement: Aug 25, 2026
Declaration: Aug 25, 2026
Ex-dividend: Aug 26, 2026
Record: Aug 26, 2026
Payment: Aug 31, 2026
Source reviewed: Sep 21, 2026

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting period	Earnings measure	Per share	Source
Jul 1, 2025 to Jun 30, 2026	Net investment income	$0.83	Issuer source 1 Announced Sep 8, 2026

Business and earnings charts

Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$473.761 million gross assets at June30,2026Five balance-sheet asset groups

Net assets472.139355million after liabilities1.621513million. Derivative notional exposure is not added to assets.

Affiliated investment securities99.422214204488%
Unaffiliated investment securities0.027424384067111%
Interest receivable0.00021572064495627%
Capital shares receivable0.24667761289225%
Due from broker0.30346807790803%

Percent of gross assets. Affiliated investments are underlying funds, not direct government securities.

BUCK audited annual financial statements

Reported annual income and expenses

2025-07-01 to 2026-06-30 · $ millions

Gross investment income$14.762m

Net expenses$1.331m

Net investment income$13.431m

For the year ended June 30, 2026, BUCK reported $0.83 of net investment income and $1.71 of distributions per share. Net asset value slipped from $23.68 to $23.37. Interest supplied part of the cash, while option results and reported payment components are needed to assess the rest.

Simplify Treasury Option Income ETF: financial report supporting reported earnings

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2025 to Jun 30, 2026	$23.37	-1.31%	$1.71	+6.11%	Verified issuer financial highlights for this exact fiscal period; total return is reported, not inferred.
Jul 1, 2024 to Jun 30, 2025	$23.68	-3.70%	$1.89	+4.06%	Exact BUCK financial highlights. Commencement October28,2022 is a partial period. Market close uses last session on or before period end.
Jul 1, 2023 to Jun 30, 2024	$24.59	-1.88%	$1.79	+5.39%	Exact BUCK financial highlights. Commencement October28,2022 is a partial period. Market close uses last session on or before period end.
Oct 28, 2022 to Jun 30, 2023	$25.06	+0.24%	$0.75	+3.27%	Exact BUCK financial highlights. Commencement October28,2022 is a partial period. Market close uses last session on or before period end.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Reported distribution and income history

Net investment income and total cash distributions are separate reported figures. Investment gains, option activity where applicable, and other sources can contribute to distributions, so net investment income alone is not a coverage verdict. Partial periods are not annualized.

Reporting period	Net investment income/share	Total distributions/share
2022-10-28 to 2023-06-30	$0.70	$0.75
2023-07-01 to 2024-06-30	$1.22	$1.79
2024-07-01 to 2025-06-30	$1.02	$1.89
2025-07-01 to 2026-06-30	$0.83	$1.71

Risk monitor

Risk	Current condition	Direction	Why it matters
Portfolio and strategy risk	Income and capital are exposed to option losses, changing yields and strategy execution.	Monitor	A change can affect future distributions or shareholder capital.
Distribution variability	Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.	Monitor	A change can affect future distributions or shareholder capital.
Market and implementation risk	Market liquidity, trading costs, derivative execution where used, and fund expenses can reduce shareholder returns.	Monitor	A change can affect future distributions or shareholder capital.

The assets behind the earnings

How BUCK makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.

The income-producing business

Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Simplify Treasury Option Income ETF: financial report supporting reported earnings

What the reported earnings support

Simplify Treasury Option Income ETF reported $0.8300 per share for 2025-07-01 to 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Simplify Treasury Option Income ETF: financial report supporting reported earnings

Portfolio and strategy risk

Income and capital are exposed to option losses, changing yields and strategy execution.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Simplify Treasury Option Income ETF: financial report supporting reported earnings

Distribution variability

Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Simplify Treasury Option Income ETF: financial report supporting reported earnings

What would change the earnings picture?

Compare the next full-year Treasury income, option results and cash paid with payment components and net asset value.

Net asset value (NAV)

NAV per share$23.1200Sep 29, 2026

Market price$23.2600Sep 29, 2026

PREMIUM / DISCOUNT TO NAV0.61% premiumCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

Simplify issuer-reported ETF NAV and market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

Fiscal-year net investment income was $0.83 per share and total distributions were $1.71.
Latest paid monthly distribution was $0.12 on August31,2026.
Issuer final2025 tax reporting includes ordinary income and return of capital.

What to watch next

Compare the next full-year Treasury income, option results and cash paid with payment components and net asset value.

Fly High context

Compare the next full-year Treasury income, option results and cash paid with payment components and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

Final2025 issuer reporting allocates $1.80 per share to $1.171011991 ordinary nonqualified dividends and $0.628988009 return of capital.

Ordinary, nonqualified: 65.06%
Qualified dividends: 0%
Capital-gain distributions: 0%
Return of capital: 34.94%

Tax year: 2025. Total distributions: $1.80 per share.

Tax details and source

Total ordinary dividends (includes qualified): 65.06%
Section 199A portion (within ordinary dividends): 0%
Exempt-interest distributions: 0%
Reporting form: Form 1099-DIV
Source date: 2026-02-02

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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