Simplify Barrier Income ETF

The fund's investment adviser pursues the fund's objective through two income strategies: an interest income strategy and an income-generating option spread strategy. "Barrier" in the fund's name refers to its out-of-the-money barrier put spread strategies. The fund invests primarily in interest income-producing U.S. government securities, such as bills, notes, and bonds issued by the U.S. Treasury, as well as fixed income ETFs that invest primarily in U.S. government securities. The fund is non-diversified.