Simplify Tax Aware Alternatives ETF (LQ) is an exchange-traded fund in the Multistrategy category. It has $2.37M in assets and an expense ratio of 0.15%. The fund is an actively managed exchange-traded fund (“ETF”). The adviser seeks to achieve the fund’s investment object by employing an alternatives investment approach. Alternatives in the fund’s name refers to asset classes other than traditional domestic stocks and bonds, such as those commonly used in balanced fund strategies. It is non-diversified.