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QIS

Simplify Multi-QIS Alternative ETF

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as of 03/05/2025

NAV

$ 24.08

NAV Change

- $ 0.05 /0.21%

Price

$ 24.04

Price Change

- $ 0.27 /1.11%
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

QIS Fund Deep Dive Live

QIS Fund Deep Dive

Fund Overview

As of 03/05/2025

Ticker Symbol
QIS
Gross Expense Ratio
1.00%
CUSIP
82889N533
Total Assets
$109,559,193.39
Shares Outstanding
4,550,001
Distribution Rate as of 12/31/2024 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.
0.20%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 01/31/2025 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 01/31/2025
2.39%
Options Available
No
Inception Date
07/10/2023
Premium/Discount (%) as of 03/05/2025
-0.16%
NAV Per Share as of 03/05/2025
$24.08
Market Price as of 03/05/2025
$24.04
30-Day Median Bid-Ask Spread
1.27%
Bid/Ask
$23.95/$24.20
Midpoint Price
$24.08
Volume
7,163
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 Fees1.00%
Distribution and Service (12b-1) Fees0.00%
Other Expenses0.00%
Total Annual Fund Operating Expenses 1.00%

Fund Performance (Total Return)

As of 02/28/2025 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.47% -0.57% -1.30% -0.17% -1.30% 2.00%
Market Price -1.42% -1.77% -1.45% -0.69% -1.77% 1.40%
Annualized 1 Year 3 Year Since Inception
NAV -1.30% — 1.22%
Market Price -1.77% — 0.85%
Cumulative 1 Year Since Inception
NAV -0.19% 2.17%
Market Price 0.16% 2.11%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -0.19% — — 1.47%
Market Price 0.16% — — 1.43%
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 2024 4th Quarter of 2024
Days Traded at Premium
133
34
Days Traded at Discount
119
30
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 03/05/2025

Holdings - All ETFs
Ticker Name Quantity Weight
GS RTY 01/26/25 P2040.111 GS Jan 2026 2040 Put 12,352 0.31%
SPX OTC 07/18/25 P1 S&P 500 Index Jul 2025 1 Put 1,330,000 0.20%
SPX OTC 6/20/25 P5646.325 S&P 500 Index Jun 2025 5646 Put 3,505 0.17%
SPXRTYNDX3/21/25WOF90/80 SPXRTYNDX3/21/25WOF90/80 -30,000,000 -0.14%
SPXRTYNDX3/21/25WOF90/80 SPXRTYNDX3/21/25WOF90/80 -50,000,000 -0.29%
SPXRTYNDX4/17/25WOF90/80 SPXRTYNDX4/17/25WOF90/80 -20,000,000 -0.22%
SPXRTYNDX5/16/25WOF90/80 SPXRTYNDX5/16/25WOF90/80 -50,000,000 -0.46%
SPXW US 04/11/25 C6150 SPXW Apr 2025 6150 Call 174 0.30%
VIX US 03/18/25 C25 VIX Mar 2025 25 Call 235 0.02%
VIX US 03/18/25 C30 VIX Mar 2025 30 Call 525 0.03%
VIX US 03/18/25 P18 VIX Mar 2025 18 Put 235 0.01%
VIX US 04/16/25 C22 VIX Apr 2025 22 Call 570 0.11%
- TREASURY BILL DN 3/25 43,000,000 39.22%
- TREASURY BILL DN 3/25 6,000,000 5.47%
- TREASURY BILL DN 4/25 40,350,000 36.68%
- TREASURY BILL DN 4/25 19,250,000 17.50%
- TREASURY BILL DN 6/25 3,000,000 2.71%
- TREASURY BILL DN 6/25 300,000 0.27%
- FIDELITY INV MMTRSY 1 680 121,296 0.11%
- EURO 45,366 0.04%
- USDCAD04/02/252MFVANOM6.5 3,250,000 0.00%
- DFEQFPRRS 424,989 45.51%
- VCEQVTARS 150,213 44.91%
- CSI2000U1 9,922 25.27%
- CSI500U01 24,995,466 22.82%
- ARFIFMRRS 110,679 22.64%
- JPOSIGTRS 187,784 20.36%
- DFEQQVJRS 4,228 18.14%
- MQIS6TRS 101,441 14.64%
- GSISSTRS 84,054 14.59%
- GSVLSUTRS 126,770 14.08%
- ARFXXCCRS 149,652 13.67%
- VMACBTRS 15,932 11.44%
- DFEQGDTRS 9,191 11.35%
- MSVXCSTRS 29,565 11.10%
- GSISCDTRS 114,164 11.03%
- GSVIUVTRS 97,905 10.04%
- VCFISVSRS 7,962 9.87%
- JPOSFTRS 58,015 9.50%
- VCEQUSURS 62,562 9.12%
- MQCP44TRS 19,222 9.12%
- BACVWWTRS 32,407 8.96%
- BNPXVTRS 83,538 8.41%
- SGIXTTTRS 92,014 8.00%
- VCEQCE2RS 41,637 7.70%
- VCEQCE1RS 42,405 7.70%
- NMVVR1TRS 32,509 7.67%
- ARCMBBARS 11,729 7.31%
- SGDRCTTRS 4,094 7.19%
- SGIXPRTRS 42,093 6.86%
- TCEQSVTRS 59,465 6.75%
- DFFIRGNRS 32,570 6.70%
- GSVLBCTRS 52,011 5.72%
- TFEQUITRS 21,847 5.09%
- VCFIGRVRS 39,006 4.95%
- DFEQND1RS 53,208 4.80%
- DFEQND2RS 22,297 4.76%
- TFEQNITRS 21,958 4.55%
- TFXAIMBRS 40,261 4.53%
- VCEQSVBRS 18,244 4.50%
- VCEQSVFRS 38,659 4.01%
- ARCMCDIRS 9,641 3.97%
- MQIS2MTRS 8,570 3.79%
- TFXAMCTRS 16,839 3.50%
- DFEQVCSRS 57,726 3.49%
- DFFIERVRS 14,200 3.25%
- NMXCMDTRS 171 3.21%
- DFEQSITRS 9,461 2.35%
- TFEQANIRS 13,420 2.17%
- TFXAFCMRS 3,506 2.16%
- TFCMWIRRS 3,690 0.92%
- TFXAIDORS 9,980 0.90%
- TFXATATRS 10,000 0.89%
- TFXAFEARS 5,004 0.89%
- TFCMNGSRS 3,315 0.64%
- TFCMBGSRS 5,018 0.64%
- TFCMBGSRS -699,709 -0.64%
- TFCMNGSRS -706,426 -0.64%
- TFXAIDORS -991,014 -0.90%
- TFXATATRS -991,663 -0.91%
- TFXAFEARS -1,001,100 -0.91%
- TFCMWIRRS -1,007,027 -0.92%
- TFEQANIRS -2,371,904 -2.17%
- TFXAFCMRS -2,397,244 -2.19%
- DFEQSITRS -2,499,690 -2.28%
- DFFIERVRS -3,495,594 -3.19%
- NMXCMDTRS -3,718,224 -3.39%
- DFEQVCSRS -3,771,239 -3.44%
- TFXAMCTRS -4,058,535 -3.70%
- MQIS2MTRS -4,327,778 -3.95%
- ARCMCDIRS -4,414,078 -4.03%
- VCEQSVFRS -4,441,787 -4.05%
- TFXAIMBRS -4,967,804 -4.53%
- TFEQNITRS -4,980,122 -4.55%
- VCEQSVBRS -4,991,388 -4.56%
- DFEQND1RS -5,128,719 -4.68%
- DFEQND2RS -5,145,032 -4.70%
- VCFIGRVRS -5,483,131 -5.00%
- TFEQUITRS -5,578,388 -5.09%
- GSVLBCTRS -6,298,532 -5.75%
- DFFIRGNRS -7,400,089 -6.75%
- TCEQSVTRS -7,444,244 -6.79%
- SGIXPRTRS -7,570,005 -6.91%
- SGDRCTTRS -7,845,188 -7.16%
- ARCMBBARS -8,073,854 -7.37%
- NMVVR1TRS -8,414,610 -7.68%
- VCEQCE1RS -7,815,241 -7.70%
- VCEQCE2RS -7,816,514 -7.70%
- SGIXTTTRS -8,895,959 -8.12%
- BNPXVTRS -9,212,888 -8.41%
- BACVWWTRS -9,882,747 -9.02%
- VCEQUSURS -10,005,540 -9.13%
- MQCP44TRS -10,043,396 -9.17%
- JPOSFTRS -10,403,342 -9.50%
- GSVIUVTRS -11,054,453 -10.09%
- VCFISVSRS -11,299,200 -10.31%
- GSISCDTRS -12,221,256 -11.16%
- MSVXCSTRS -12,222,466 -11.16%
- DFEQGDTRS -12,291,124 -11.22%
- VMACBTRS -12,749,879 -11.64%
- ARFXXCCRS -15,045,817 -13.73%
- GSVLSUTRS -15,940,059 -14.55%
- GSISSTRS -16,012,287 -14.62%
- MQIS6TRS -16,358,416 -14.93%
- DFEQQVJRS -20,004,994 -18.26%
- JPOSIGTRS -22,443,943 -20.49%
- CSI2000U1 -24,999,430 -22.82%
- ARFIFMRRS -25,006,813 -22.83%
- CSI500U01 -3,723 -24.06%
- DFEQFPRRS -49,851,209 -45.50%
- VCEQVTARS -50,241,742 -45.86%
- Estimated Cash 697,005 0.64%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.01252
$0.15000
$0.10000
$0.00000
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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