C000259701 Fees and Costs — Simplify Piper Sandler US Small-Cap PLUS Income ETF
Data updated: 2026-09-11
The net expense ratio is 0.91%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.2290% of average net assets, and portfolio turnover was 44%.
C000259701 Fees and Expenses
Annual operating expenses and sales charges of C000259701. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
C000259701 Costs Over Time
On $10,000 invested in C000259701, assuming 5% a year before costs, total costs come to $710 over 5 years, cutting the return by 1.20% 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 0.91%) | $96 | $298 | $516 |
| Trading costs (broker commissions) | $24 | $75 | $130 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $120 | $391 | $710 |
| Value after costs | $10,380 | $11,185 | $12,052 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
C000259701 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): 0.2290%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $18.3M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
C000259701 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $10K | 73.32% |
| Wolverine Execution Services LLC | $1K | 10.26% |
| JANE STREET EXECUTION SERVICES, LLC | $1K | 8.44% |
| IMC FINANCIAL MARKETS | $694 | 5.32% |
| STONEX FINANCIAL INC. | $201 | 1.54% |
| IMC EXECUTION SERVICES | $80 | 0.61% |
| WALLACHBETH CAPITAL, LLC | $37 | 0.28% |
| OPTIVER US LLC | $16 | 0.12% |
| GOLDMAN SACHS & CO. LLC | $9 | 0.07% |
| OLD MISSION MARKETS LLC | $4 | 0.03% |
C000259701 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $17.4M | 95.16% |
| MORGAN STANLEY & CO. LLC | $365K | 1.99% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $296K | 1.62% |
| GREAT LAKES DREDGE & DOCK | $39K | 0.21% |
| ALEXANDER & BALDWIN INC | $39K | 0.21% |
| PLYMOUTH INDUSTRIAL REIT | $36K | 0.20% |
| DIAMOND HILL INVESTMENT G | $35K | 0.19% |
| Premier, Inc. | $34K | 0.18% |
| GMS, INC. | $28K | 0.16% |
| VIRTU AMERICAS LLC | $14K | 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.