Simplify Multi-QIS Alternative ETF
QIS
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 54 W 21st Street, Suite 1007 New York NY United States of America 10010
- IPO Date
- Jul 11, 2023
- Website
- simplify.us
- Similar Companies
- Business
- Simplify Multi-QIS Alternative ETF (QIS) is an actively managed exchange-traded fund that seeks to provide positive absolute returns and income through a diversified portfolio of 25 to 35 quantitative investment strategies sourced from leading banks and institutional asset managers. The fund invests primarily through total return swaps in opportunities across equities, interest rates, commodities, and currencies, targeting pure factor exposures and risk premia that are uncorrelated to traditional market betas such as equities, fixed income, and commodities; it emphasizes comprehensive risk management by hedging both downside and upside tail risks while optimizing for performance across asset classes. QIS offers daily liquidity with no lockups, incentive fees, or K-1 tax forms, and features a net expense ratio of 1.00%. Launched on July 10, 2023, and issued by Simplify Asset Management Inc., headquartered in New York, the ETF operates primarily in the United States market with a focus on institutional and retail investors seeking portfolio diversification and absolute return strategies. Simplify Asset Management, founded in 2020, specializes in innovative options-based and alternative ETFs, with QIS forming part of its multi-strategy alternatives lineup alongside products like Simplify Managed Futures Strategy ETF and Simplify Commodities Strategy No K-1 ETF. In late 2024, Simplify announced a net asset value restatement for QIS effective November 27, 2024, adjusting the November 26 NAV from $24.87 to $24.61 due to an incorrect swap security price, reflecting ongoing operational refinements in its quantitative swap-based approach. As of September 30, 2024, the fund held significant allocations to U.S. Treasury bills and swaps such as MQISBTRS, BNPIDTRS, and GSISSTRS, supporting its strategy amid a year-to-date NAV return of 0.05%. The ETF continues to evolve within Simplify's broader suite, which manages over $7 billion in assets across fixed income, equity income, and alternative strategies as of late 2025.