The Simplify Market Neutral Equity Long/Short ETF (EQLS) seeks to provide positive absolute returns and income. A market-neutral strategy is one that seeks to profit during both rising and falling equity markets. By potentially profiting in either market environment, EQLS can provide significant diversification benefits while maintaining an independent source of returns. The portfolio’s equity ranking system is driven by a proprietary multi-factor, machine-learning stock selection model developed by an industry-leading quantitative research firm.