QIS – Simplify Multi-QIS Alternative ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide positive absolute returns and income. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, primarily through total return swaps, in a diversified portfolio of third-party quantitative investment strategies across equities, interest rates, commodities, and currencies. The swaps provide returns to the fund that are based on model portfolios generated by the quantitative investment strategies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
QIS	Simplify Multi-Qis Alternative ETF	ETF	Open		—	Jul 10, 2023	$50.38M	1.210%	—	—	−$13.28M

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