PINK Stock, Simplify Health Care ETF Information

The Simplify Health Care ETF (the Fund) seeks long-term capital appreciation. Under normal circumstances, the Fund will invest at least 80% of its assets (plus any borrowings for investmentpurposes) in securities of U.S. health care companies. The Fund defines health care companies as companies included in the Global IndustryClassification Standard health care sector. The Fund defines equity securities as common stock, preferred stock, or ETFs that investin the same. The Fund invests in companies without restriction as to capitalization, including micro-capitalization companies.