SPBC – Simplify US Equity PLUS Bitcoin Stgy ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies and, exchange-traded products with direct exposure to Bitcoin (“Bitcoin ETPs”), and exchange-traded funds with indirect exposure to Bitcoin through Bitcoin futures options,swaps,or other derivative instruments (“Bitcoin ETFs”).

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
SPBC	Simplify US Equity PLUS Bitcoin Strategy ETF	ETF	Open	—	—	May 24, 2021	$41.74M	0.530%	—	—	−$41.33M

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