CTAP Simplify US Equity PLUS Managed Futures Strategy ETF

About this ETF

The Simplify US Equity PLUS Managed Futures Strategy ETF is an actively managed exchange-traded fund designed to pursue long-term capital appreciation. It achieves this by integrating 100% exposure to large-cap U.S. equities—defined as companies with market capitalizations above $10 billion, organized in the U.S. or deriving significant revenue and operations domestically—with 100% exposure to a systematic managed futures strategy. This dual approach overlays futures-based positions on currencies, interest rates, equities, and commodities atop equity holdings, primarily executed indirectly via a total return swap linked to the Simplify Managed Futures Strategy ETF (CTA), which employs momentum and trend-following models for long or short positioning. The fund enhances capital efficiency, delivering the expected returns of one dollar in equities and one dollar in managed futures per dollar invested, without additional capital outlay. Notable features include low correlations between its strategies, potentially providing support during equity market downturns, and a competitive expense structure with total annual operating expenses of 0.28%, reduced to 0.10% after a fee waiver. In the financial markets, it plays a role in diversified portfolio construction, offering investors access to trend-following alternatives that complement traditional equity exposure while utilizing derivatives for leveraged efficiency. As a non-diversified fund launched in December 2025, it invests at least 80% of net assets in U.S. equities and related futures.