HARD – Simplify Commodities Strategy No K-1 ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term capital appreciation. The adviser seeks to achieve the fund’s investment objective by investing in commodity futures contracts. Under normal market conditions, the fund invests in a portfolio of futures contracts on commodities and commodity indices. The advisor attempts to capture the economic benefit derived from rising trends based on the price changes of the futures contracts.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HARD	Simplify Commodities Strategy No K-1 ETF	ETF	Open		—	Mar 27, 2023	$49.99M	0.810%	—	—	−$5.49M

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