CYA

Simplify Tail Risk Strategy ETF

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as of 11/26/2021

NAV

$ 24.16

NAV Change

- $ 0.25 /1.02%

Price

$ 24.31

Price Change

- $ 0.04 /0.16%
The Simplify Tail Risk Strategy ETF seeks to provide 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 11/26/2021

Ticker Symbol
CYA
Gross Expense Ratio
0.75%
Net Expense Ratio
0.50%
CUSIP
82889N780
Total Assets
$24,155,532.25
Shares Outstanding
1,000,001
SEC 30-Day Yield as of 10/31/2021
4.49%
Unsubsidized 30-Day SEC Yield as of 10/31/2021
4.23%
Options Available
No
Inception Date
09/13/2021
Premium/Discount (%) as of 11/26/2021
0.64%
NAV
$24.16
NAV Per Share as of 11/26/2021
$24.16
Market Price as of 11/26/2021
$24.31
30-Day Median Bid-Ask Spread
0.28%
Bid/Ask
$24.25/$25.02
Midpoint Price
$24.64
Volume
37,023
NAV Symbol
CYA.NV
IOPV Symbol
CYA.IV
Shares Out. Symbol
CYA.SO

Fund Performance

As of 10/31/2021 09/30/2021

Cumulative 1 Month 3 Month 6 Month 1 Year Since Inception
NAV -0.39% -1.79%
Market Price -0.04% -1.19%
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV -1.40%
Market Price -1.16%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2020 3rd Quarter of 2021
Days Traded at Premium
N/A
10
Days Traded at Discount
N/A
3
Ticker Name Quantity Weight
SVOL SIMPLIFY VOLATILITY PREMIUM 685937 74.77%
TYA SIMPLIFY RISK PARITY TREASUR 97912 10.08%
SPXW US 12/03/21 P4465 SPXW Dec 2021 4465 Put 71 1.00%
SPX US 12/17/21 P1800 S&P 500 Index Dec 2021 1800 Put 303 0.02%
SPX US 03/18/22 P2000 S&P 500 Index Mar 2022 2000 Put 208 0.58%
SPX US 06/17/22 P2000 S&P 500 Index Jun 2022 2000 Put 229 0.91%
SPY US 09/16/22 P210 SPY Sep 2022 210 Put 3400 2.92%
SPY US 09/16/22 P185 SPY Sep 2022 185 Put -2501 -1.52%
SPY US 12/16/22 P225 SPY Dec 2022 225 Put 2244 3.06%
- Estimated Cash 1976719 8.18%