SIMPLIFY PIPER SANDLER US SMALL-CAP PLUS INCOME ETF (USD) LITL.US

The Simplify Piper Sandler US Small-Cap PLUS Income ETF is an actively managed U.S. equity ETF that aims for both capital appreciation and income. It combines a small-cap stock strategy run by sub-advisor Piper Sandler with a risk-managed option overlay to generate additional income while maintaining exposure to U.S. small-capitalization companies.

The equity portion begins with all stocks in the Russell 2000 Index; the least liquid names (bottom 20% by trading volume) are removed. From this reduced universe, stocks are ranked using proprietary models including macroeconomic factors (e.g. inflation, GDP growth, unemployment, interest rates) and business-cycle stage (expansion, peak, contraction, trough), to identify approximately 200 stocks.

These are equally weighted and the equity portfolio is reconstructed monthly or as needed according to shifts in the business cycle framework. Separately, up to 20% of net assets may be used in an income generating option-selling overlay strategy, primarily via put spreads on indices or ETFs linked to equities, fixed income, commodities, volatility, or currencies.

This overlay is designed to provide incremental income without capping upside potential in the underlying equity portfolio. The provider is Simplify Asset Management, with sub-advisory by Piper Sandler & Co. The ETF trades under the U.S. regulatory framework as an actively managed fund; it is listed on the NYSE Arca exchange.