XXV — Simplify Ancorato Target 25 Distribution ETF ☆

The Simplify Ancorato Target 25 Distribution ETF (the “Fund” or “XXV”) seeks to provide high monthly income. Simplify Ancorato Target 25 Distribution ETF is an exchange-traded fund listed on the NYSE Arca under the ticker XXV and traded in USD. The fund is part of the Simplify Asset Management range. It is classified as Derivatives (Large Cap).