PCR — Simplify VettaFi Private Credit Strategy ETF ☆

Simplify VettaFi Private Credit Strategy ETF seeks current income and capital appreciation through two parts: a private credit allocation and a credit hedge using derivatives. The private credit portion mainly holds Business Development Companies and listed closed-end funds focused on private credit. The hedge is chiefly a proprietary long/short approach using total return swaps on a mix of quality and junk equities.