C000264354 Fees and Costs — Simplify Chinese Commodities Strategy No K-1 ETF
Data updated: 2026-09-11
The net expense ratio is 0.99%. There are no sales loads or redemption fees.
C000264354 Fees and Expenses
Annual operating expenses and sales charges of C000264354. Prospectus, as of January 8, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
C000264354 Costs Over Time
On $10,000 invested in C000264354, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
C000264354 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $217.5M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
C000264354 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $87.9M | 40.42% |
| BNY MELLON CAPITAL MARKETS, LLC | $30.0M | 13.79% |
| STONEX FINANCIAL INC. | $30.0M | 13.79% |
| BARCLAYS CAPITAL, INC. | $27.8M | 12.78% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $21.8M | 10.01% |
| GOLDMAN SACHS & CO. LLC | $19.3M | 8.86% |
| The Bank of New York Mellon | $750K | 0.34% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.