Simplify Tail Risk Strategy ETF

Frequently Asked Questions About CYA

What does CYA invest in?

The fund is an actively managed, fund of funds ETF that seeks to achieve its investment objective by investing in fixed income and income generating ETFs. The fund will invest between 50-90% of its assets in income generating ETFs including affiliated funds managed by the adviser. The fund may invest up to 20% of its portfolio in derivatives to hedge all or some of the downside risks associated with investing in equity securities commonly known as “tail risk”.

What is the expense ratio of CYA?

Simplify Tail Risk Strategy ETF (CYA) charges an expense ratio of 1.64%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CYA?

Simplify Tail Risk Strategy ETF (CYA) manages $1.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CYA actively managed or an index fund?

CYA is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CYA's is 1.64%) in exchange for the discretion to over- or under-weight positions.

When was CYA launched?

Simplify Tail Risk Strategy ETF (CYA) launched in September 2021 and is managed by Simplify.

How has CYA performed?

CYA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.