Simplify Short Term Treasury Futures Strategy ETF TUA Strategy

The investment seeks to provide total return, before fees and expenses, that matches or outperforms the performance of the ICE U.S. Treasury 7-10 Year Bond Index on a calendar quarter basis. The fund does not seek to achieve its stated investment objective over a period of time different than a full calendar quarter. The fund invests primarily in futures contracts, call options, and put options on U.S. Treasury futures, U.S. government securities, such as bills, notes and bonds issued by the U.S. Treasury or fixed income ETFs that invest in U.S. Treasuries. The fund will hold cash and cash-like instruments or high-quality short term fixed income securities.