C000265327 Fees and Costs — Simplify US Equity PLUS Managed Futures Strategy ETF
Data updated: 2026-09-11
The net expense ratio is 0.10% (0.28% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0038% of average net assets.
C000265327 Fees and Expenses
Annual operating expenses and sales charges of C000265327. Prospectus, as of December 3, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.28% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000265327 Costs Over Time
On $10,000 invested in C000265327, assuming 5% a year before costs, total costs come to $66 over 5 years, cutting the return by 0.11% 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 0.10%) | $10 | $33 | $58 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $36 | $66 |
| Value after costs | $10,489 | $11,540 | $12,697 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
C000265327 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): 0.0038%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $115.6M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
C000265327 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $2K | 69.37% |
| VIRTU AMERICAS LLC | $1K | 28.83% |
| INTERACTIVE BROKERS, LLC | $65 | 1.80% |
C000265327 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $35.8M | 30.99% |
| MORGAN STANLEY & CO. LLC | $28.5M | 24.69% |
| STONEX FINANCIAL INC. | $16.2M | 13.99% |
| BARCLAYS CAPITAL, INC. | $15.9M | 13.72% |
| Wolverine Execution Services, LLC | $11.9M | 10.31% |
| GOLDMAN SACHS & CO. LLC | $4.5M | 3.86% |
| JANE STREET EXECUTION SERVICES, LLC | $2.3M | 1.97% |
| VIRTU AMERICAS LLC | $537K | 0.46% |
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.