Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP)

Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP) is an exchange-traded fund in the Large Blend category. It has $166.13M in assets and an expense ratio of 0.10%. The fund is an actively managed exchange-traded fund (“ETF”). The fund’s investment adviser, Simplify Asset Management Inc. (the “adviser”) seeks to achieve the fund’s investment objective by employing two principal strategies U.S. Equity Strategy and Managed Futures Strategy. The fund uses derivatives to overlay the Managed Futures Strategy on top of the U.S. Equity Strategy such that for each one dollar invested, the fund has one dollar of U.S. equity exposure and one dollar of CTA futures ex…