SPQ Simplify Exchange Traded Funds

The fund invests at least 80% of its net assets in equity securities ofU. S. entities.

The advisor defines equity securities as common stock, preferred stock, and futures on common stock.

Additionally, the advisor definesU. S. entities as those organized in theU. S.; having a class of securities whose principal securities market is in theU. S.; or deriving more than 50% of its total revenues or earnings from goods produced, sales made, or services provided in theU. S., or maintaining more than 50% of its employees, assets, investments, operations, or other business activity in theU. S.