QIS

Simplify Multi-QIS Alternative ETF

as of 06/21/2024

NAV

$ 25.33

NAV Change

+ $ 0.01 /0.04%

Price

$ 25.50

Price Change

+ $ 0.18 /0.71%

The Simplify Multi-QIS Alternative ETF (QIS) seeks to provide positive absolute returns and income.

The fund will invest in a diversified portfolio of third-party quantitative investment strategies across equities, interest rates, commodities, currencies, and credit. Each systematic strategy is designed to capture proven market return premia.

By using a multi-strategy approach, Simplify seeks to identify the optimal allocation among 10-20 strategies to achieve positive returns and mitigate asset-class and single-strategy risks.

Documents

QIS Fund Deep Dive

Fund Overview

As of 06/21/2024

Ticker Symbol

QIS

Gross Expense Ratio

1.00%

CUSIP

82889N533

Total Assets

$115,228,855.09

Shares Outstanding

4,550,001

Distribution Yield as of 03/31/2024 Distribution yield 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 yield.

12.84%

Distribution Frequency

Quarterly

30-Day SEC Yield (Subsidized) as of 05/31/2024 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 05/31/2024

4.32%

Options Available

Inception Date

07/10/2023

Premium/Discount (%) as of 06/21/2024

0.69%

NAV Per Share as of 06/21/2024

$25.33

Market Price as of 06/21/2024

$25.50

30-Day Median Bid-Ask Spread

1.29%

Bid/Ask

$25.18/$25.45

Midpoint Price

$25.32

Volume

7,162

NAV Symbol

QIS.NV

IOPV Symbol

QIS.IV

Shares Out. Symbol

QIS.SO

Schedule K-1

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 Expenses¹	0.00%
Total Annual Fund Operating Expenses	1.00%

1. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 05/31/2024 12/31/2023

Monthly Quarterly

Cumulative	1 Month	3 Month	6 Month	YTD	1 Year	Since Inception
NAV	-0.26%	1.59%	2.73%	2.57%	—	4.99%
Market Price	-0.39%	1.68%	3.03%	2.95%	—	4.96%

Annualized	1 Year	3 Year	Since Inception
NAV	—	—	—
Market Price	—	—	—

Cumulative	1 Year	Since Inception
NAV	—	4.45%
Market Price	—	4.72%

Annualized	1 Year	3 Year	5 Year	Since Inception
NAV	—	—	—	—
Market Price	—	—	—	—

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	1st Quarter of 2024
Days Traded at Premium	103	30
Days Traded at Discount	18	31

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 Exposure Breakdown

As of 06/17/2024

Portfolio Holdings

As of 06/21/2024

Ticker	Name	Quantity	Weight
SPXW US 06/24/24 P5000	SPXW Jun 2024 5000 Put	-58	0.00%
SPXW US 06/24/24 P5200	SPXW Jun 2024 5200 Put	58	0.00%
SPXW US 06/28/24 C5580	SPXW Jun 2024 5580 Call	60	0.01%
SPXW US 07/01/24 P5000	SPXW Jul 2024 5000 Put	-88	0.00%
SPXW US 07/01/24 P5200	SPXW Jul 2024 5200 Put	88	0.01%
-	MSSIQUA1A	20870	19.97%
-	MQISBTRS	105220	15.76%
-	BNPIDTRS	17559	13.55%
-	BNPX2TRS	66146	12.62%
-	MQIS6TRS	85775	12.36%
-	BNPXMTRS	58929	11.69%
-	MSVCDRTRS	74707	11.38%
-	BNPXDTRS	6036	10.29%
-	GSVICVTRS	83147	9.96%
-	VMACBTRS	14004	9.60%
-	GSISSTRS	57697	9.34%
-	GSVLFTRS	64133	7.58%
-	MSCBUOTRS	13838	7.18%
-	BAEISETRS	37669	6.56%
-	GSVIKTRS	52533	6.23%
-	MSVCDNTRS	35741	5.80%
-	GSIVVTRS	30906	4.85%
-	BNPX0TRS	33773	4.73%
-	BASRUFTRS	33605	3.97%
-	MQIS2TRS	22279	3.83%
-	AIJPMTRS	19493	2.98%
-	GSVIKGTRS	26480	2.47%
-	MSCFCETRS	11335	2.47%
-	VMAQDSTRS	21733	2.47%
-	MSVCDDTRS	18905	2.46%
-	MSCBL3TRS	11646	1.64%
-	GSISDRTRS	14859	1.64%
-	MSCFVATRS	10605	1.60%
-	MSCFVATRS 00001	-1846330	-1.60%
-	GSISDRTRS 00001	-1894968	-1.64%
-	MSCBL3TRS 00001	-1897482	-1.64%
-	MSCFCETRS 00001	-2830122	-2.45%
-	MSVCDDTRS 00001	-2835560	-2.46%
-	VMAQDSTRS 00001	-2846820	-2.47%
-	GSVIKGTRS 00001	-2854544	-2.47%
-	AIJPMTRS 00001	-3447142	-2.99%
-	MQIS2TRS 00001	-4423444	-3.83%
-	BASRUFTRS 00001	-4580361	-3.97%
-	BNPX0TRS 00001	-5459449	-4.73%
-	GSIVVTRS 00001	-5576060	-4.83%
-	MSVCDNTRS 00001	-6689642	-5.79%
-	GSVIKTRS 00001	-7171279	-6.21%
-	BAEISETRS 00001	-7566948	-6.55%
-	MSCBUOTRS 00001	-8196394	-7.10%
-	GSVLFTRS 00001	-8597028	-7.45%
-	GSISSTRS 00001	-10775491	-9.33%
-	VMACBTRS 00001	-11046128	-9.57%
-	GSVICVTRS 00001	-11504661	-9.96%
-	BNPXDTRS 00001	-11876753	-10.29%
-	MSVCDRTRS 00001	-13083436	-11.33%
-	BNPXMTRS 00001	-13516391	-11.71%
-	MQIS6TRS 00001	-14197392	-12.30%
-	BNPX2TRS 00001	-14566447	-12.62%
-	BNPIDTRS 00001	-15680968	-13.58%
-	MQISBTRS 00001	-18130258	-15.70%
-	MSSIJNK1A 00001	-21434	-17.16%
T Bills	B 07/05/24	17200000	14.87%
T Bills	B 08/13/24	93300000	80.22%
T Bills	B 09/19/24	5100000	4.36%
-	Estimated Cash	93123	0.08%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date	Record Date	Payable Date	Ordinary Income	Short Term Capital Gains	Long Term Capital Gains	Return of Capital	Total Distribution
03/25/2024	03/26/2024	03/28/2024	$0.00000	$0.00000	$0.00000	$0.00000	$0.00000
12/26/2023	12/27/2023	12/29/2023	$0.81173	$0.00000	$0.00000	$0.00000	$0.81173

View Distribution History

DISTRIBUTION CALENDAR

QIS