Simplify High Yield ETF (CDX)

Simplify High Yield ETF (CDX) is an exchange-traded fund in the High Yield Bond category. It has $393.53M in assets, an expense ratio of 0.25% and a 8.27% dividend yield. The adviser seeks to achieve the fund’s investment objective by investing in high yield bonds also known as “junk bonds” primarily by purchasing exchange traded funds and applying a credit hedge derivatives strategy to the fund’s investments. Under normal circumstances, the fund will invest at least 80% of its net assets in high yield securities. The fund may invest up to 20% of its portfolio in derivatives.