Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP)

The Simplify US Equity PLUS Managed Futures Strategy ETF is a fund from Simplify Asset Management that pairs core U.S. stock market exposure with a managed futures overlay.

Its equity component provides exposure to large U.S. companies, typically through holdings such as broad-market index funds or equity futures, while a trend-following managed futures sleeve takes long or short positions in futures across asset classes such as interest rates, currencies and commodities.

The managed futures component is intended to diversify returns, particularly during prolonged market trends or periods of equity weakness. Because the fund uses derivatives to layer the two strategies, its total exposure can exceed its net assets.