Simplify Target 15 Distribution ETF (XV)

The Simplify Target 15 Distribution ETF (XV) is an exchange-traded fund from Simplify Asset Management. It is built around a managed distribution goal, aiming to pay out roughly 15 percent of its value per year through regular distributions.

To support that payout the fund combines income-producing assets with options-based strategies, an approach that is characteristic of Simplify's derivatives-focused product lineup. Distributions may include return of capital and do not represent the fund's total return.

The fund's share value reflects both the performance of its underlying investments and the amounts paid out as distributions.