CYA

Simplify Tail Risk Strategy ETF

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as of 05/20/2022

NAV

$ 21.56

NAV Change

- $ 0.06 /0.28%

Price

$ 21.74

Price Change

- $ 0.08 /0.37%
The Simplify Tail Risk Strategy ETF (CYA) seeks to provide income and capital appreciation while protecting against significant downside risk to investors with a standalone solution for hedging diversified portfolios against severe equity market selloffs. By investing a substantial annual budget in highly convex equity-hedging strategies, modest allocations to the fund are intended to be valuable as a total portfolio hedging solution.

The fund deploys advanced option strategies that are designed to handle multiple types of market dislocations and be robust to path dependency. The fund invests in high income strategies to help fund the option purchases.

Fund Overview

As of 05/20/2022

Ticker Symbol
CYA
Gross Expense Ratio
0.75%
Net Expense Ratio
0.50%
CUSIP
82889N780
Total Assets
$91,634,864.69
Shares Outstanding
4,250,001
SEC 30-Day Yield as of 04/30/2022
6.46%
Unsubsidized 30-Day SEC Yield as of 04/30/2022
6.22%
Distribution Frequency
Monthly
Options Available
No
Inception Date
09/13/2021
Premium/Discount (%) as of 05/20/2022
0.83%
NAV
$21.56
NAV Per Share as of 05/20/2022
$21.56
Market Price as of 05/20/2022
$21.74
30-Day Median Bid-Ask Spread
0.96%
Bid/Ask
$21.35/$21.69
Midpoint Price
$21.52
Volume
24,069
NAV Symbol
CYA.NV
IOPV Symbol
CYA.IV
Shares Out. Symbol
CYA.SO

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.75%
Distribution and Service (12b-1) Fees 0.00%
Acquired Fund Fees and Expenses1 0.00%
Total Annual Fund Operating Expenses 0.75%
Fee Waiver and Reimbursement2 (0.25%)
Total Annual Fund Operating Expenses After Fee Waiver 0.50%
1. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights located in the prospectus because the financial statements include only the direct operating expenses incurred by the Fund.

2. The Fund’s adviser has contractually agreed until at least October 31, 2022, to waive 0.25% of its management fees and/or pay or absorb the Fund’s expenses, in order to limit the amount of “Specified Expenses” borne by the Fund to 0.50% of the Fund’s average daily net assets. In addition, the adviser has agreed to waive any acquired fund fees and expenses attributed to investments in any series of the Simplify Exchange Traded Funds. “Specified Expenses” means all ordinary operating expenses of a Fund including management fees, except for interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund fees and expenses, and expenses incidental to a meeting of the Fund’s shareholders. The fee waiver is subject to possible recoupment from a Fund in future years (within the three years after the fees have been waived), if such recoupment can be achieved within the lesser of the foregoing expense limits or those in place at the time of recapture. Any waived fees may only be recouped within three years from the date when the amount was waived or reimbursed. This agreement may be terminated only by the Board on 60 days’ written notice to the Adviser.

Fund Performance

As of 04/30/2022 03/31/2022

Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV 3.35% -6.47% -10.87% -12.46%
Market Price 4.92% -6.55% -10.90% -11.96%
Cumulative 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV -15.30%
Market Price -16.09%
Cumulative 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2021 1st Quarter of 2022
Days Traded at Premium
56
37
Days Traded at Discount
20
25
Ticker Name Quantity Weight
SVOL SIMPLIFY VOLATILITY PREMIUM 1746958 43.64%
CDX SIMPLIFY HIGH YIELD PL CR HD 1125351 28.23%
PFIX Simplify Interest Rate Hedge ETF 144960 8.23%
TYA SIMPLIFY RISK PARITY TREASUR 205197 4.23%
SPY US 06/10/22 P362 SPY Jun 2022 362 Put 4000 1.12%
SPY US 06/10/22 P345 SPY Jun 2022 345 Put -3000 -0.34%
SPX US 06/17/22 P3620 S&P 500 Index Jun 2022 3620 Put 2750 10.70%
SPX US 06/17/22 P2000 S&P 500 Index Jun 2022 2000 Put 398 0.01%
SPX US 06/17/22 P3420 S&P 500 Index Jun 2022 3420 Put -2750 -4.37%
SPY US 09/16/22 P210 SPY Sep 2022 210 Put 9861 0.96%
SPY US 12/16/22 P225 SPY Dec 2022 225 Put 6474 1.76%
SPX US 03/17/23 P2400 S&P 500 Index Mar 2023 2400 Put 519 2.55%
- Estimated Cash 3012260 3.29%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.16149 $0.00000 $0.00000 $0.00000 $0.16149
$0.19912 $0.00000 $0.00000 $0.00000 $0.19912
$0.20007 $0.00000 $0.00000 $0.00000 $0.20007
$0.09850 $0.00000 $0.00000 $0.00000 $0.09850
$0.19925 $0.00000 $0.00000 $0.00000 $0.19925
View Distribution History