LQ ETF — Simplify Tax Aware Alternatives ETF

Simplify Tax Aware Alternatives ETF (LQ)

Updated October 16, 2026.

LQ is a low-cost ETF. its trailing-12-month yield is 1.25%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -2.7% over the past 0.4 years, 8.7 points behind SPY at 6.0%.

Simplify Tax Aware Alternatives ETF is an actively managed exchange-traded fund that pursues an alternatives investment strategy, focusing on asset classes beyond traditional domestic stocks and bonds such as those typically found in balanced portfolios, with a non-diversified structure. The fund carries a modest expense ratio of 0.15% and currently distributes at a low rate with an irregular schedule; its most recent distribution was special or one-time in nature and may not recur. This fund may appeal to investors seeking exposure to alternative assets with a tax-conscious approach.

LQ performance versus SPY

Price and return data through 2026-10-16.

Total return is -2.7% over the past 0.4 years, 8.7 points behind SPY at 6.0%.

LQ key facts

Distribution Safety Score™

50 · Unproven

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Fixed Income

Inception date

05/05/2026

Expense ratio

0.15%

Distribution frequency

Quarterly

Trailing yield

1.25%

Last close

$23.96 (as of 2026-10-16)

AUM

$2,391,405

Average volume

125.0

Dividend

$0.25

Ex-dividend date

09/25/2026

Payment date

09/30/2026

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.25%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LQ risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider LQ — and who may not

LQ may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (LQ pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on LQ

• All tickers starting with L

Tagged: Fixed Income.

Frequently asked questions

More securities from Simplify ETFs.