Simplify Exchange Traded Funds Simplify Gold Strategy PLUS Income ETF

Under normal market conditions, at the start of each quarter, the adviser selects gold futures so that the total value of economic gold exposure is up to approximately 150% of the net assets of the fund. To generate income, the fund employs an exchange traded and over-the-counter (“OTC”) option spread writing strategy on equity, fixed income, and currency ETFs. The fund is non-diversified.