Simplify Adds Swap Flexibility to CTA and HARD Strategies

Simplify has updated the investment strategies of the Simplify Managed Futures Strategy ETF (CTA) and Simplify Commodities Strategy No K-1 ETF (HARD) to permit swaps as a supplement to their futures-based approaches. The swaps may reference futures, futures indexes, underlying futures assets or futures-linked ETFs. The change gives both funds another tool for obtaining market exposure but introduces additional counterparty, valuation, correlation, fee, volatility and leverage risks, including the potential for amplified losses.