Simplify Treasury Option Income ETF C.BUCK

Primary Symbol: BUCK

Fund seeks to provide monthly income. The Fund is an actively managed exchange-traded fund (ETF). The Funds investment adviser seeks to fulfill the Funds investment objective by using two income strategies, an interest income strategy and an income generating option strategy. Stable income in the Funds name refers to the strategy goal of producing income that is reflective of current short term interest rates without large swings in the Funds net asset value per share. However, the Fund is not a money market fund and is not intended to have an unchanging net asset value per share. The Fund invests primarily in interest income producing U.S. Treasury securities such as bills, notes, and bonds and fixed income ETFs that invest primarily in U.S. Treasuries. The Fund targets an average securities portfolio duration of one year or less but does not restrict individual security maturity. Duration is a measure of the price sensitivity of a debt instrument when interest rates change.