[1] In re Simplify Asset Management, Investment Company Act Release No. 36269 (July 27, 2026) (Order). [2] Section 17(a)(1), 1940 Act. [3] Rule 18f-4(a). [4] Rule 18f-4(c)(2)(ii). [5] Id. [6] Rule 18f-4(c)(2)(iii). [7] Id. [8] Id. [9] Section 19(a), 1940 Act. [10] Rule 19a-1.