Simplify US Equity PLUS QIS ETF
SPQ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 10845 Griffith Peak Drive Las Vegas NV United States of America 89135
- IPO Date
- Nov 14, 2023
- Similar Companies
- Business
- Simplify US Equity PLUS QIS ETF (SPQ) is an actively managed exchange-traded fund that seeks long-term capital appreciation by providing 100% notional exposure to core US equities through low-cost equity exchange-traded funds and equity futures, overlaid with approximately 50% exposure to a diversified basket of quantitative investment strategies (QIS) via investments in the Simplify Multi-QIS Alternative ETF; the QIS basket comprises 10 to 20 strategies across multiple asset classes including equities, interest rates, commodities, and currencies, targeting return premia such as carry, volatility, technical, and liquidity factors to deliver absolute returns with low correlations to equities; the fund regularly rebalances to maintain the targeted 100/50 ratio of equities to QIS while employing total return swaps and derivatives for implementation, all without lockups, incentive fees, or K-1 tax forms. SPQ targets investors seeking enhanced absolute and risk-adjusted returns over traditional US equity exposure through capital-efficient alternative diversification, operating in the multi-asset ETF segment with a focus on large-cap US equities and systematic quant strategies; it lists on NYSE Arca under Simplify Asset Management Inc., the investment adviser, with a net expense ratio of 1.00% inclusive of underlying QIS fees. Launched on November 13, 2023, and headquartered with Simplify Asset Management in New York, New York, the fund remains a relatively new offering with assets under management of approximately $3.13 million as of recent data. In recent developments, Simplify Asset Management, the issuer, entered a letter of intent in September 2025 with Streamex Corp for a strategic partnership to integrate tokenized yield-bearing gold into ETF structures and co-develop commodity-backed exchange-traded products, pending definitive agreements and regulatory approval; the firm also launched the Simplify CTAP ETF in December 2025, combining 100% large-cap US equity exposure with 100% systematic managed futures, further expanding its Equity PLUS suite that includes SPQ.