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QIS

Simplify Multi-QIS Alternative ETF

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as of 12/20/2024

NAV

$ 24.53

NAV Change

- $ 0.07 /0.28%

Price

$ 24.38

Price Change

- $ 0.10 /0.41%
The Simplify Multi-QIS Alternative ETF (QIS) seeks to provide positive absolute returns and income by investing in a diversified portfolio of quantitative strategies chosen to offer an uncorrelated positive source of returns.

The fund focuses on opportunities beyond common beta exposures, ensuring that its performance remains independent of market factors such as equities, interest rates, and commodities. 

QIS emphasizes comprehensive risk analysis and hedges against both the downside (negative tail risks) and upside (positive tail risks). This strategy prioritizes maximizing performance through strategic positioning and diversified risk allocation across a range of asset classes and return drivers. 
 
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Documents

Fund Overview

As of 12/20/2024

Ticker Symbol
QIS
Gross Expense Ratio
1.00%
CUSIP
82889N533
Total Assets
$114,642,361.02
Shares Outstanding
4,675,001
Distribution Rate as of 09/30/2024 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
2.44%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2024 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
2.48%
Options Available
No
Inception Date
07/10/2023
Premium/Discount (%) as of 12/20/2024
-0.63%
NAV Per Share as of 12/20/2024
$24.53
Market Price as of 12/20/2024
$24.38
30-Day Median Bid-Ask Spread
0.72%
Bid/Ask
$24.37/$24.45
Midpoint Price
$24.41
Volume
6,299
NAV Symbol
QIS.NV
IOPV Symbol
QIS.IV
Shares Out. Symbol
QIS.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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 1.00%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses 0.00%
Total Annual Fund Operating Expenses  1.00%

Fund Performance

As of 11/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.50% -0.74% -2.29% 0.22% 0.37% 2.59%
Market Price 2.31% 0.33% -1.65% 1.25% 1.32% 3.23%
Annualized 1 Year 3 Year Since Inception
NAV 0.37% — 1.85%
Market Price 1.32% — 2.31%
Cumulative 1 Year Since Inception
NAV -0.14% 2.42%
Market Price -1.08% 2.48%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -0.14% — — 1.97%
Market Price -1.08% — — 2.02%
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
103
30
Days Traded at Discount
18
34
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 12/20/2024

Holdings - All ETFs
Ticker Name Quantity Weight
UXF5 IND CBOE VIX FUTURE Jan25 -10 0.01%
SPX OTC 12/20/24 P5404.12 S&P 500 Index Dec 2024 5404 Put 1,941 —
SPX OTC 12/20/24 P5404.12 S&P 500 Index Dec 2024 5404 Put 3,117 —
SPX OTC 6/20/25 P5646.325 S&P 500 Index Jun 2025 5646 Put -3,505 -0.13%
SPX US 12/20/24 P5000 S&P 500 Index Dec 2024 5000 Put -42 —
SPX US 12/20/24 P5400 S&P 500 Index Dec 2024 5400 Put 42 —
VIX US 01/22/25 C22 VIX Jan 2025 22 Call 220 0.03%
VIX US 02/19/25 C21 VIX Feb 2025 21 Call 200 0.04%
VIX US 03/18/25 C25 VIX Mar 2025 25 Call 235 —
VIX US 03/18/25 C30 VIX Mar 2025 30 Call 525 0.07%
VIX US 03/18/25 P18 VIX Mar 2025 18 Put 235 —
- TREASURY BILL DN 1/25 43,840,000 38.58%
- TREASURY BILL DN 1/25 19,650,000 17.29%
- TREASURY BILL DN 2/25 4,000,000 3.51%
- TREASURY BIL 0.0 3/25 41,100,000 35.92%
- TREASURY BIL 0.0 3/25 6,000,000 5.24%
- FIDELITY INV MMTRSY 1 680 651,934 0.58%
- MQCP44TRS 57,978 26.94%
- GSVIUVTRS 245,305 24.44%
- JPOSIGTRS 187,784 20.00%
- DFEQGDTRS 13,690 16.10%
- MSVXCSTRS 42,520 15.26%
- MQIS6TRS 101,441 14.48%
- VMACBTRS 15,932 11.08%
- VCFISVSRS 7,962 9.86%
- BASR15TRS 61,696 9.55%
- GSVLSUTRS 86,859 9.48%
- GSISSTRS 57,697 9.44%
- JPOSFTRS 58,015 9.09%
- VCEQSVARS 85,402 8.84%
- DFFIFRVRS 7,013 8.83%
- TCEQSVTRS 79,191 8.79%
- GSISCDTRS 90,756 8.57%
- BACVWWTRS 32,407 8.55%
- BNPXVTRS 83,538 8.20%
- SGIXTTTRS 92,014 7.97%
- NMZMASTRS 8,639,437 7.62%
- NMVVR1TRS 32,509 7.46%
- DFEQVCSRS 118,408 7.29%
- NMSMALTRS 80,990 7.19%
- ARCMBBARS 11,729 7.07%
- SGDRCTTRS 4,094 6.88%
- GSVLOBTRS 83,279 6.76%
- SGIXPRTRS 42,093 6.64%
- VCEQSVBRS 27,377 6.59%
- GSVLBCTRS 52,011 5.66%
- TFEQUITRS 21,847 5.02%
- MSCBVMTRS 6,606 4.22%
- VCEQSVFRS 38,659 3.94%
- ARCMCDIRS 9,641 3.90%
- MQIS2MTRS 8,570 3.74%
- TFXAMCTRS 16,839 3.56%
- NMXCMDTRS 171 3.23%
- TFXAFCMRS 3,506 2.20%
- TFEQANIRS 13,420 2.12%
- TFXATATRS 10,000 0.89%
- TFXAFEARS 5,004 0.87%
- TFCMNGSRS 3,315 —
- TFCMBGSRS 5,018 —
- TFCMBGSRS -700,011 -0.62%
- TFCMNGSRS -700,028 -0.62%
- TFXAFEARS -1,000,749 -0.88%
- TFXATATRS -1,002,633 -0.88%
- TFEQANIRS -2,395,854 -2.11%
- TFXAFCMRS -2,481,503 -2.19%
- NMXCMDTRS -3,667,667 -3.24%
- TFXAMCTRS -4,044,222 -3.57%
- MQIS2MTRS -4,317,746 -3.81%
- ARCMCDIRS -4,432,460 -3.91%
- VCEQSVFRS -4,541,218 -4.01%
- MSCBVMTRS -4,848,870 -4.28%
- TFEQUITRS -5,700,301 -5.03%
- GSVLBCTRS -6,441,042 -5.68%
- SGIXPRTRS -7,544,749 -6.66%
- VCEQSVBRS -7,561,012 -6.67%
- GSVLOBTRS -7,665,831 -6.76%
- SGDRCTTRS -7,786,022 -6.87%
- DFEQVCSRS -7,999,155 -7.06%
- ARCMBBARS -7,999,714 -7.06%
- NMZMASTRS -80,328 -7.15%
- NMVVR1TRS -8,466,205 -7.47%
- NMSMALTRS -8,604,458 -7.59%
- SGIXTTTRS -9,011,989 -7.95%
- BNPXVTRS -9,366,706 -8.26%
- BACVWWTRS -9,705,996 -8.56%
- GSISCDTRS -9,714,522 -8.57%
- DFFIFRVRS -10,011,345 -8.83%
- TCEQSVTRS -10,030,544 -8.85%
- VCEQSVARS -10,146,808 -8.95%
- JPOSFTRS -10,300,621 -9.09%
- GSISSTRS -10,776,068 -9.51%
- GSVLSUTRS -10,833,923 -9.56%
- BASR15TRS -10,947,338 -9.66%
- VCFISVSRS -11,266,190 -9.94%
- VMACBTRS -12,576,359 -11.10%
- MQIS6TRS -16,398,698 -14.47%
- MSVXCSTRS -17,555,657 -15.49%
- DFEQGDTRS -18,274,917 -16.12%
- JPOSIGTRS -22,659,895 -19.99%
- GSVIUVTRS -27,805,321 -24.53%
- MQCP44TRS -30,687,772 -27.08%
- Estimated Cash 1,353,971 1.19%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.01252
$0.15000
$0.10000
$0.00000
$0.81173
This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. The distribution may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notice for additional details regarding the distribution composition, once it is available.
View Distribution History
Supplemental Tax Information: S19(a) Notices

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