EQLS Fees and Costs — Simplify Market Neutral Equity Long/Short ETF
Data updated: 2025-05-23
The net expense ratio is 1.00%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
EQLS Fees and Expenses
Annual operating expenses and sales charges of EQLS. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| 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 |
EQLS Costs Over Time
On $10,000 invested in EQLS, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 1.00%) | $105 | $328 | $568 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
EQLS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $595.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
EQLS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $271.4M | 45.53% |
| STONEX FINANCIAL INC. | $147.4M | 24.74% |
| MORGAN STANLEY & CO. LLC | $145.7M | 24.44% |
| GOLDMAN SACHS & CO. LLC | $28.6M | 4.81% |
| BNP PARIBAS SECURITIES CORP. | $2.8M | 0.48% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.