Fund Name   Ticker Symbol (Exchange)
     
Simplify Commodities Strategy No K-1 ETF   HARD (NYSE Arca, Inc.)
Simplify Managed Futures Strategy ETF   CTA (NYSE Arca, Inc.)

 

Supplement dated July 28, 2025, to the Statement of Additional Information (“SAI”) dated November 1, 2024.

 

Effective immediately, the table entitled “Interested Trustee and Officers” on page 22 of the Statement of
Additional Information is replaced in its entirety with the following:

 

Name and
Year of Birth		 Position/
Term of Office*		 Principal Occupation
During the Past Five Years		 Number of
Funds in Fund
Complex**
Overseen by
Trustee		 Other
Directorships
held by Trustee
during the Past
Five Years
Paul Kim
Year of Birth: 1977		 Trustee and President since 2020 Co-Founder, Simplify Asset Management, Inc. (February 2020 to Present); Managing Director, Principal Global Advisors (2015 to 2020). 36 None
David Berns
Year of Birth: 1978		 Secretary since 2020 Co-Founder, Simplify Asset Management, Inc. (February 2020 to Present); CEO, Portfolio Designer, LLC (2019 to Present); Managing Director, Nasdaq (2018 to 2019); CEO, DMB Trading, LLC (2015 to 2018). N/A N/A
Jack Huntington
Year of Birth: 1970		 Chief Compliance Officer since July 2025 Director in the Fund Officer department of Adviser Compliance Associates, LLC (doing business as ACA Group) - U.S. regulatory division, November 2022 to present; Senior Principal Consultant, Chief Compliance Officer, Foreside Financial Group, LLC, September 2015 to October 2022. N/A N/A
Fiona Ho
Year of Birth: 1974		 Treasurer since November 2023 Chief Operating Officer, Simplify Asset Management, Inc. (2021 to Present); Vice President, Strategic Programs, Spring Education Group (2016 – 2000); Vice President, Account Management, Pacific Investment Management Company, LLC (2010 – 2016). N/A N/A

 

* The term of office for each Trustee and officer listed above will continue indefinitely until the individual resigns or is removed.
**

The term “Fund Complex” applies only to the operational series of the Trust.

 

This Supplement dated July 28, 2025, provides relevant information for all shareholders and should be retained for future reference. The Fund’s Prospectus and SAI have been filed with the Securities and Exchange Commission, are incorporated by reference, and can be obtained without charge by calling 1 (855) 772-8488.