| Investment Objective: |
The Simplify Piper Sandler US Small-Cap PLUS Income ETF (the "Fund" or "LITL") seeks capital appreciation and income. The Sub-Adviser employs an actively managed opportunistic strategy that focuses on relative value among common stocks of small-cap issuers. The Adviser employs an income generating option strategy. The Sub-Adviser constructs the small-cap strategy allocation of the Fund's portfolio by applying proprietary screens to an initial universe of stocks. The Sub-Adviser's Macro Select Model examines the effect of broad macroeconomic factors on stocks' expected returns. These factors include consumer confidence, unemployment rate, monetary policy, interest rates, inflation, and GDP growth rates. This screening process generates a 200-stock, equally-weighted portfolio. To generate additional income, the Fund employs an exchange traded and over-the-counter ("OTC") option spread writing strategy on instruments linked to equities, debt, volatility indices, commodities, and currencies with up to 20% of the Fund's net assets. |
