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QIS

Simplify Multi-QIS Alternative ETF

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As of 12/23/2025

NAV

$ 15.33

NAV Change

+ $ 0.31 /2.06%

Price

$ 15.42

Price Change

+ $ 0.41 /2.73%
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 12/23/2025

Ticker Symbol
QIS
Expense Ratio
1.21%
CUSIP
82889N533
Total Assets
$60,156,108.87
Shares Outstanding
3,925,001
Distribution Rate as of 09/30/2025 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.
2.08%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2025
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2025
3.99%
Options Available
No
Inception Date
07/10/2023
Premium/Discount (%) as of 12/23/2025
0.61%
NAV Per Share as of 12/23/2025
$15.33
Market Price as of 12/23/2025
$15.42
30-Day Median Bid-Ask Spread
0.85%
Bid/Ask
$15.22/$15.41
Midpoint Price
$15.32
Volume
2,658
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. Distribution includes an estimated 11% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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 Fees1.00%
Distribution and Service (12b-1) Fees0.00%
Other Expenses0.00%
Acquired Fund Fees and Expenses10.21%
Total Annual Fund Operating Expenses 1.21%

1. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund. 

Fund Performance (Total Return)

As of 11/30/2025 09/30/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -12.06% -14.37% -22.68% -29.97% -30.25% -28.44%
Market Price -10.67% -11.03% -20.58% -27.96% -28.73% -26.44%
Annualized 1 Year 3 Year Since Inception
NAV -30.25% — -13.06%
Market Price -28.73% — -12.06%
Cumulative 1 Year Since Inception
NAV -19.89% -17.96%
Market Price -20.26% -18.29%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -19.89% — — -8.51%
Market Price -20.26% — — -8.69%
Calendar Year NAV Market Price
2024 -0.19% 0.16%
2023 — —
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.

Growth of $10,000

The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance. 

Historical Premium/Discount

Calendar Year 2024 3rd Quarter of 2025
Days Traded at Premium
133
44
Days Traded at Discount
119
20
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 12/23/2025

Holdings - All ETFs
Ticker Name Quantity Weight
CTAP SIMPLIFY US EQ PLUS MGD F 100,000 4.32%
XXV SIMPLIFY ANCORATO TRG 25 125,000 5.31%
OTC GS RTY 1/26/26 90% PU OTC GS RTY 1/26/25 90% PUT/ 70% KO 12,352 0.00%
SPXW US 01/02/26 C6885 SPXW Jan 2026 6885 Call 22 0.20%
SPXW US 12/24/25 P6890 SPXW Dec 2025 6890 Put 75 0.03%
SPXW US 12/26/25 C6900 SPXW Dec 2025 6900 Call 112 0.37%
SPXW US 12/31/25 C6925 SPXW Dec 2025 6925 Call 160 0.66%
- TREASURY BILL DN 1/26 300,000 0.50%
- TREASURY BILL DN 1/26 100,000 0.17%
- TREASURY BILL DN 2/26 6,000,000 9.92%
- TREASURY BILL DN 3/26 4,900,000 8.10%
- TREASURY BILL DN 3/26 16,100,000 26.56%
- TREASURY BILL DN 3/26 16,500,000 27.19%
- TREASURY BILL DN 4/26 14,650,000 24.10%
- CHINESE YUAN 139,375 0.03%
- ARGENTINE PESO 15,480,000 0.02%
- TURKISH LIRA 13,860 0.00%
- JAPANESE YEN -196,392 0.00%
- SWISS FRANC -1,653 0.00%
- EURO -1,923 0.00%
- DREYFUS TRSY OBLIG CASH M 4,027,147 6.70%
- UQUATUB02 1,688,326 288.63%
- UJNKTUB02 136,561,563 227.16%
- CTABOATRS 895,491 40.77%
- FOXBP2TRS 125,000 5.75%
- FOXBP1TRS 125,000 5.75%
- FOXBOATRS 101,000 4.65%
- FOXCI1TRS 97,600 4.49%
- FOXCI1TRS -2,753,296 -4.58%
- FOXBOATRS -2,849,210 -4.74%
- FOXBP2TRS -3,526,250 -5.87%
- FOXBP1TRS -3,526,250 -5.87%
- CTABOATRS -24,088,707 -40.07%
- UJNKTUB02 -1,255,854 -228.18%
- UQUATUB02 -173,846,928 -289.19%
- Estimated Cash -7,751,315 -12.89%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.00000
$0.10000
$0.10000
$0.30000
$0.01252
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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