XV – Simplify Target 15 Distribution ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide monthly income. 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. Target 15 in the fund’s name refers to the goal of making monthly distributions at an annualized rate (after fees and expenses) of 15%. The fund is non-diversified.

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
XV	Simplify Target 15 Distribution ETF	ETF	Open	—		Apr 14, 2025	$101.65M	0.750%	—	—	$27.90M

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