PFIX Stock, Simplify Interest Rate Hedge ETF Information

The Simplify Interest Rate Hedge ETF (the Fund) seeks to hedge interest rate movements arising from rising long-term interest rates, and to benefit from market stress when fixed income volatility increases, while providing the potential for income. The adviser seeks to achieve the Funds investment objective by investing in U.S. Treasuries or U.S. Treasury Inflation-Protected Securities (TIPS), exchange traded funds that primarily invest in U.S. Treasuries, TIPS and investment grade bonds, and swaptions and interest rate options.