Simplify Exchange Traded Funds - Simplify Ancorato Target 25 Distribution ETF

Simplify Exchange Traded Funds - Simplify Ancorato Target 25 Distribution ETF is an exchange traded fund launched and managed by Simplify Asset Management Inc. The fund is co-managed by Legacy Investment Solutions, LLC. The fund invests in public equity and fixed income markets of the United States. For its equity portion, it invests directly and through derivatives in stocks of companies operating across diversified sectors. The fund uses derivatives such as options, swaps and forwards to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests directly, through derivatives and through other funds in U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury, cash and cash-like instruments or high-quality short term fixed income securities with an average portfolio duration of two years or less. Simplify Exchange Traded Funds - Simplify Ancorato Target 25 Distribution ETF was formed on November 17, 2025 and is domiciled in the United States.