C000259297 Fees and Costs — Simplify Target 15 Distribution ETF
Data updated: 2026-09-11
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0060% of average net assets, and portfolio turnover was 0%.
C000259297 Fees and Expenses
Annual operating expenses and sales charges of C000259297. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000259297 Costs Over Time
On $10,000 invested in C000259297, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $261 | $475 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000259297 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0060%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $294.2M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000259297 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Execution Services LLC | $2K | 48.34% |
| IMC FINANCIAL MARKETS | $745 | 19.79% |
| STONEX FINANCIAL INC. | $314 | 8.34% |
| IMC EXECUTION SERVICES | $306 | 8.13% |
| JANE STREET EXECUTION SERVICES, LLC | $222 | 5.90% |
| VIRTU AMERICAS LLC | $204 | 5.42% |
| OLD MISSION MARKETS LLC | $89 | 2.36% |
| INTERACTIVE BROKERS, LLC | $65 | 1.73% |
C000259297 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $74.4M | 25.30% |
| Wolverine Execution Services, LLC | $69.7M | 23.68% |
| GOLDMAN SACHS & CO. LLC | $44.3M | 15.07% |
| BARCLAYS CAPITAL, INC. | $42.2M | 14.33% |
| STONEX FINANCIAL INC. | $21.4M | 7.26% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $18.7M | 6.35% |
| JANE STREET EXECUTION SERVICES, LLC | $17.0M | 5.79% |
| HSBC SECURITIES (USA), INC. | $6.0M | 2.03% |
| CitiGroup Global Markets Inc. | $342K | 0.12% |
| BOFA SECURITIES, INC. | $206K | 0.07% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.