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Simplify Exchange Traded Funds - Simplify National Muni Bond ETF is an exchange traded fund launched and managed by Simplify Asset Management Inc. The fund is co-managed by FCO Advisors LP. The fund invests in equity, fixed income, and currency markets of the United States. For its equity portion, the fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through derivatives in investment grade, municipal bonds with an average duration of ten or more years. It uses derivatives such as options to create its portfolio. For its currency portion, the fund invests through derivatives in currency markets. It uses derivatives such as options to create its portfolio. Simplify Exchange Traded Funds - Simplify National Muni Bond ETF is domiciled in the United States.