EAFD Fees and Costs — Simplify Developed Ex-US Plus Downside Convexity ETF
Data updated: 2023-11-29
The net expense ratio is 0.32% (0.57% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $15K in broker commissions, 0.0680% of average net assets, and portfolio turnover was 4%.
EAFD Fees and Expenses
Annual operating expenses and sales charges of EAFD. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.57% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.32% |
| 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 | Yes |
EAFD Costs Over Time
On $10,000 invested in EAFD, assuming 5% a year before costs, total costs come to $246 over 5 years, cutting the return by 0.41% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $7 | $22 | $39 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $41 | $134 | $246 |
| Value after costs | $10,459 | $11,442 | $12,517 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
EAFD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0680%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $32.9M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
EAFD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $13K | 89.98% |
| STONEX FINANCIAL INC. | $1K | 7.81% |
| UBS Securities LLC | $324 | 2.21% |
EAFD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $18.7M | 56.85% |
| Goldman Sachs & Co. LLC | $14.2M | 43.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.