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SIMPLIFY US Equity Plus Convexity Strategy

54 W 40th Street • New York, NY 10018 • (646) 585 - 0476 • simplify.us

The following hypothetical backtest was produced in response to an unsolicited written request only for use in a 1-on-1 presentation.
Please see important disclosures below. Benchmark is the S&P 500 Index.

Strategy Overview About Simplify

The Simplify US Equity PLUS Convexity strategy seeks to track the large cap US equity market while boosting Simplify Asset Management was founded in 2020
performance during extreme market moves via a systematic options overlay. The strategy's core holding to help advisors tackle the most pressing
provides investors with S&P 500 Index exposure. A modest option overlay budget is then deployed into a portfolio challenges with an innovative set of
series of options positions that help create convexity in the strategy. options-based strategies. By accounting for real-
world investor needs and market behavior, along
Strategy Design:Passive US Equity Exposure with the non-linear power of options, our
• S&P 500 Index ETF strategies allow for the tailored portfolio
• Quarterly dividend outcomes clients are looking for.
• Tax-e cient & Cost E ective

Advanced Option Overlay

• Boost equity performance during extreme markets
• Modest option budget with no upside caps
• Designed to handle various types of market dislocations

Key Statistics Strategy Benchmark Monthly Returns Strategy Benchmark Annual Returns

Cumulative Return 376.22% 207.24% Mean 1.05% 0.79%

Annualized Return 12.18% 8.62% Median 1.21% 1.41%

Annualized Volatility 20.17% 20.89% Volatility 4.25% 4.44%

Maximum Drawdown 45.18% 55.25% Skew -0.14 -0.72

Ann. Ret. / Ann. Vol. 0.60 0.41 Excess Kurtosis 0.29 1.61

Cumulative Return

Drawdown

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Hypothetical backtest results from 2007-01-01 to 2020-07-31. 1/4 Please see important disclosures on the final page.

SIMPLIFY US Equity Plus Convexity Strategy

54 W 40th Street • New York, NY 10018 • (646) 585 - 0476 • simplify.us

Notional Coverage (% of Strategy Equity)

Options Cumulative Attribution (%)

Rolling 12-Month Beta

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Hypothetical backtest results from 2007-01-01 to 2020-07-31. 2/4 Please see important disclosures on the final page.

SIMPLIFY US Equity Plus Convexity Strategy

54 W 40th Street • New York, NY 10018 • (646) 585 - 0476 • simplify.us

Average Return by Benchmark Regime - Monthly Returns

Average Return by Benchmark Regime - Quarterly Returns

Average Return by Benchmark Regime - Annual Returns

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1/2/2021 US Equity Plus Convexity Strategy As Of 07_31_2020 (5).html

Hypothetical backtest results from 2007-01-01 to 2020-07-31. 3/4 Please see important disclosures on the final page.

SIMPLIFY US Equity Plus Convexity Strategy

54 W 40th Street • New York, NY 10018 • (646) 585 - 0476 • simplify.us

Simplify Asset Management Inc. is a Registered Investment Adviser. Advisory services are only o ered to clients or prospective clients where Simplify Asset
Management Inc. and its representatives are properly licensed or exempt from licensure. SEC registration does not constitute an endorsement of the rm by
the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to rst consult with a quali ed nancial adviser
and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.

This website is solely for informational purposes and does not intend to make an o er or solicitation for the sale or purchase of any speci c securities,
investments, or investment strategies. These materials are made available on an "as is" basis, without representation or warranty. The information contained in
these materials has been obtained from sources that Simplify Asset Management Inc. believes to be reliable, but accuracy and completeness are not guaranteed.

Unless otherwise noted, any performance returns presented in these materials re ect purely academic backtest performance and do not represent returns that
an investor actually attained or necessarily could have attained. Hypothetical model results have many inherent limitations, some of which, but not all, are
described herein. One of the limitations of hypothetical performance results is that they are generally prepared with the bene t of hindsight. In addition,
hypothetical trading does not involve nancial risk, and no hypothetical trading record can completely account for the impact of nancial risk in actual trading.
Unless otherwise stated, hypothetical, back-tested performance results are not adjusted for the payment of any fees, expenses, transaction costs, commissions or
taxes.

This information is only current as of the date indicated, and may be superseded by subsequent market events or for other reasons. Neither the author nor
Simplify Asset Management Inc. undertakes to advise you of any changes in the views expressed herein.

Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.

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Hypothetical backtest results from 2007-01-01 to 2020-07-31. 4/4 Please see important disclosures on the final page.

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