The Board of Trustees (the “Board”) of Simplify Exchange Traded Funds (the “Trust”) has determined that it is in the best interests of shareholders to liquidate the VFIN (Simplify Volt Fintech Disruption ETF) & VPOP (Simplify Volt Pop Culture Disruption ETF) ETFs (the “Funds”), a series of the Trust, following a recommendation by the Fund’s investment adviser, Simplify Asset Management Inc. and investment sub-adviser, Volt Equity LLC.

These funds launched on December 29th, 2020 but have not garnered enough assets to remain operationally viable. The Board has determined to liquidate the Funds with the liquidation payment to shareholders expected to take place on or about June 30, 2022 (“Liquidation Date”). After the close of business on June 24, 2022, the Funds no longer will accept creation orders. The last day of trading in the Fund on the NYSE Arca, Inc. (the “Exchange”) will be June 24, 2022. Shareholders who do not sell their shares of the Funds before market close on June 24, 2022 will receive cash equal to the amount of the net asset value of their shares in their brokerage accounts, on or about the Liquidation Date.

About Simplify:

Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non- linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.

Simplify ETFs are distributed by Foreside Financial Services, LLC. © 2022 Simplify ETFs. All rights reserved.

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information view or download a prospectus online. Please read the prospectus carefully before you invest. An investment in the fund involves risk, including possible loss of principal.

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