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Launched · SEC filings

Simplify Tax Aware Alternatives ETF

LQNasdaqC

$24.07+0.26 (+1.09%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 28 of 37 in Multi-Asset Allocation

C40/100Rank 28 of 37inMulti-Asset Allocation
Intraday session: up, 8 prints from 23.81 to 24.07. Range 24.02 to 24.09. Use the arrow keys to read each point.23.8523.9023.9524.0010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$2M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
9
Avg volume · 30D
0M sh
NAV per share
$23.91
52W range
low $23.50high $25.22
Launched
Filings
SEC EDGAR

The ETF.net LQ Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Multi-Asset Allocation⁠
Rank
28 of 37
Six-pillar profile for LQ. Scores out of 100: Cost 89, Risk 46, Mission not scored, Tradability 25, Holdings not scored, Durability 36. Strongest: Cost (89). Weakest: Tradability (25). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
60
This cap took
−20
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A89 out of 100
    Rank 5 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 24 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D25 out of 100
    Rank 32 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 27 of 37

Our read on LQ

ETF.net Research

CSimplify's alternatives lineup (managed futures, commodities, currencies, energy, tail hedges) in one ticker, held through year-plus swaps so gains at expiry can qualify as long-term capital gains. The tax plumbing is the product.

Stated mandate

The Fund seeks long-term capital appreciation through a diversified, actively managed portfolio of alternative strategies designed to diversify traditional stock-and-bond portfolios and reduce the tax impact of investing.

Why people hold it

  1. 010.25% a year for an actively managed alternatives book, well under the typical fund in the multi-asset allocation group.sec.gov
  2. 02Exposure runs through swaps on Simplify ETFs with tenors of at least one year, so gains at expiration are eligible for long-term capital gains treatment.simplify.us
  3. 03One holding covers managed futures, commodities, currencies, energy infrastructure and tail-risk hedges, instead of stacking separate strategy tickers.simplify.ussimplify.us
  4. 04Mandate is the classic diversifier job: strategies chosen for low correlation to stocks and bonds, run globally and actively.simplify.us

Worth knowing

  1. 01Launched in 2026 with a small asset base and light trading, so there is little live history to judge and quotes can be wide.
  2. 02Results ride on Simplify's own in-house strategies, and swap-based exposure carries counterparty risk that directly held positions do not.simplify.us
  3. 03Payouts come annually or semiannually, and the fund notes the final tax character of a distribution is set on Form 1099-DIV, not at payment.simplify.us

LQ Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
9
Top-10 weight
204%
Largest holding
B 1/28/27 Govt52.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—B 1/28/27 Govt52.48%1,275,000$1M32
002—B 12/3/26 Govt51.79%1,250,000$1M37
003—Trs Foxy 060427 Bullet24.79%21,578$595K2
004—Trs Cta 060427 Bullet23.66%19,173$568K1
005—Trs Heqt 060427 Bullet16.54%11,393$397K1
006—Trs Buck 060427 Bullet15.37%15,968$369K2
007—Trs Knrg 060427 Bullet10.19%9,720$245K1
008—Trs Ygld 060427 Bullet8.46%6,626$203K1
009—Cash0.92%22,009$22K112

Showing 1–9 of 9 holdings

LQ Performance

Launched May 4, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
LQ$10,228
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. LQ $10,228. SPY $10,332. Use the arrow keys to read each point.$9,606$10,017$10,428Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LQ. Periods over one year show the average yearly return.
PeriodLQ
Year to dateFund launched this year—
1 month−1.1%
3 months+2.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LQ
YearReturn barLQ
2026 YTD−2.5%

History from May 5, 2026

LQ in the news

Filtered to LQ · Multi-Asset Allocation

LQ Dividends

Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 25, 2026 $0.05; Sep 25, 2026 $0.25. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.25
Jun 25, 2026Jun 30, 2026$0.05

LQ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.29
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LQ Cost

Expense ratio0.25%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

4 of the 37 Multi-Asset Allocation funds charge less.

LQ costs $25.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.

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