QIS ETF — Simplify Multi-Qis Alternative ETF

Simplify Multi-Qis Alternative ETF (QIS)

QIS is an ETF. As of August 19, 2026, its distribution rate is 1.86%, its trailing-12-month yield is 1.86%, its expense ratio is 1.21%. Dividend Vision Distribution Safety Score™ is 22/100 (Elevated risk). Fund total return is -53.5% over the past 3.1 years, 133.5 points behind SPY at 80.0%.

At the current 1.86% distribution rate, a $10,000 investment would generate approximately $186 per year, or $15.50 per month on an equivalent basis. Actual quarterly payments vary.

Simplify Multi-Qis Alternative ETF is an actively managed fund that gains exposure to diversified quantitative investment strategies across equities, interest rates, commodities, and currencies, primarily through total return swaps based on third-party model portfolios. The fund distributes quarterly at a moderate current distribution rate, with an expense ratio of 1.21%. It appeals to investors seeking alternative strategy exposure through a swap-based structure.

QIS performance versus SPY

Data as of August 19, 2026.

Fund total return is -53.5% over the past 3.1 years, 133.5 points behind SPY at 80.0%. Its deepest 1-year drawdown was 54.7%.

QIS key facts

Data as of August 19, 2026.

Distribution Safety Score™

22 · Elevated risk

Safety-Adjusted Yield

0.41%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/10/2023

Expense ratio

1.21%

Distribution rate

1.86%

Distribution frequency

Quarterly

Trailing yield

1.86%

Last close

$10.78

AUM

$39,714,017

Average volume

40.0

Last dividend

$0.1000

Ex-dividend date

06/25/2026

Payment date

06/30/2026

Beta

0.54

P/E ratio

29.2722

Forward P/E

-1077.9401

How Dividend Vision calculates yield and returns

Distribution rate (1.86%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.86%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

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.

QIS risks and drawbacks

QIS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 54.7%.

Who may consider QIS — and who may not

It is a weaker fit for investors who need monthly cash flow (QIS pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Simplify ETFs.