Simplify Ancorato Target 25 Distribution ETF (XXV)

The Simplify Ancorato Target 25 Distribution ETF (XXV) is an exchange-traded fund from Simplify Asset Management, managed in collaboration with Ancorato. It is built around a managed distribution goal, aiming to pay out about 25 percent of its value per year through regular distributions.

To support that payout the fund uses a combination of income-generating assets and options-based strategies. Distributions may include return of capital and are distinct from the fund's total investment return.

The fund is designed to convert its underlying market exposure into a high, steady stream of cash distributions, with share value reflecting both investment results and the amounts paid out.