| Investment Objective: |
The Simplify Barrier Income ETF (the "Fund" or "SBAR") seeks to provide monthly income. The Fund is an actively managed exchange-traded fund ("ETF"). The Fund's investment adviser seeks to fulfill the Fund's investment objective by using two income strategies: (1) an interest income strategy and (2) an income generating option spread strategy. Barrier in the Fund's name refers to the Fund's out-of-the-money barrier put spread strategies. An out-of-the-money put option has a strike price below the current price of the reference asset. The Fund invests primarily in interest income producing U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury and fixed income ETFs that invest primarily in U.S. Government securities. The Fund targets an average securities portfolio duration of two years or less but does not restrict individual security maturity. To generate additional income, the Fund employs an option spread writing strategy on equity ETFs and equity indexes that are representative of major equity market sectors. Option spread writing is intended to generate income for the Fund by capturing written put option premiums that are larger than the cost of purchasing a partially offsetting put option. |
