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XXV

GradeANew York Stock Exchange Arca

Simplify Ancorato Target 25 Distribution ETF

Single-stock strategy · Option Income · Simplify · Inception 2025-11-17

This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$23.66−0.03 (−0.12%)

As of Sep 23, 2026, 2:54 PM EDT

History starts Nov 18, 2025.History starts Nov 18, 2025.
Intraday session: down, 26 prints from 23.69 to 23.66. Range 23.55 to 23.71. Use the arrow keys to read each point.$23.55$23.60$23.7010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$58M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$23.55
52W range
low $21.55high $27.56

The ETF.net XXV Grade

A

82/ 100

Rank 3 of 72 in Single-Stock Option Income⁠

Confidence Medium

Six-pillar profile for XXV. Scores out of 100: Cost 96, Risk 88, Mission not scored, Tradability 58, Holdings 70, Durability 65. Strongest: Cost (96). Weakest: Tradability (58). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 82 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 96
    Category rank5/72 · top 7%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 88
    Category rank5/65 · top 8%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 58
    Category rank24/72 · top 33%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank3/9 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank20/72 · top 28%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on XXV

ETF.net Research

AStructured-note income without the bank. XXV sells barrier put options on single stocks, and sometimes worst-of baskets, chasing an aspirational 25% annualized payout, with the options rolled continuously. The top rung of Simplify's barrier-income ladder.

Stated mandate

XXV seeks high monthly income through selling barrier put options referencing individual stocks, with possible use of worst-of baskets of individual stocks. Its 25% annualized distribution goal is aspirational and not guaranteed.

Why people hold it

  1. 010.85% a year sits below the going rate in its single-stock options-income cohort, where peers like BRKC and TSMY run near 1%.
  2. 02Options are rolled automatically and continuously, and the ETF wrapper strips out the bank credit risk you take on with a traditional structured note.simplify.ussimplify.us
  3. 03Built around cash flow: barriers are adjusted to levels designed to support a 25% annualized distribution target, paid monthly.simplify.us
  4. 04Sub-advised by Ancorato Capital, a structured-products specialist, and one of the stronger implementations in a crowded options-income field.simplify.us

Worth knowing

  1. 01Barriers cushion, they do not erase. Selling puts on single stocks means the fund wears the loss when a reference name breaks through its barrier.simplify.us
  2. 02The 25% figure is an aspirational goal, not a promise, and distributions may include return of capital, which is your own money coming back.
  3. 03Launched in late 2025 and thinly traded, so bid-ask spreads can cost more than the expense ratio on the way in and out.

XXV Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Stocks
Holdings
—
Top-10 weight
110%
Largest holding
SBIL54.4%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SBILSIMPLIFY E GOVT MONEY MKT ETF54.38%307,500$31M14
002—B 1/28/27 Govt26.01%14,960,000$15M31
003—B 3/11/27 Govt17.13%9,900,000$10M20
004—B 12/31/26 Govt6.68%3,830,000$4M27
005—B 12/3/26 Govt5.20%2,970,000$3M32
006—Cash0.82%465,251$465K104

Showing 1–6 of 6 holdings

XXV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XXV$10,997
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. XXV $10,997. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XXV. Periods over one year show the average yearly return.
PeriodXXV
Year to date+10.0%
1 month+1.8%
3 months+5.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XXV
YearReturn barXXV
2026 YTD+10.0%
2025+4.1%

History from Nov 18, 2025

XXV in the news

ETF.net Research hasn’t filed on XXV yet — coverage lands here as it’s written.

XXV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.49 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 9 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.60; Jan 27, 2026 $0.54; Feb 24, 2026 $0.50; Mar 26, 2026 $0.48; Apr 27, 2026 $0.48; May 26, 2026 $0.48; Jun 25, 2026 $0.48; Jul 28, 2026 $0.47; Aug 26, 2026 $0.49. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 26, 2026Aug 31, 2026$0.49
Jul 28, 2026Jul 31, 2026$0.47
Jun 25, 2026Jun 30, 2026$0.48
May 26, 2026May 29, 2026$0.48
Apr 27, 2026Apr 30, 2026$0.48
Mar 26, 2026Mar 31, 2026$0.48
Feb 24, 2026Feb 27, 2026$0.50
Jan 27, 2026Jan 30, 2026$0.54
Dec 23, 2025Dec 31, 2025$0.60

XXV Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.67
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XXV Cost

Expense ratio0.85%
  • The middle half of Single-Stock Option Income funds
  • Median 1.07%

2 of the 71 Single-Stock Option Income funds charge less.

XXV costs $85.00 a year on $10,000. The median Single-Stock Option Income fund costs $107.00.