FOXY Fees and Costs — Simplify Currency Strategy ETF
Data updated: 2026-09-11
The net expense ratio is 0.81%: a 0.75% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $334 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 0%.
FOXY Fees and Expenses
Annual operating expenses and sales charges of FOXY. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 |
FOXY Costs Over Time
On $10,000 invested in FOXY, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
FOXY 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): 0.0003%
- Total broker commissions: $334
- Bought from dealers (principal trades, not a cost): $563.8M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
FOXY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $314 | 94.01% |
| Wolverine Execution Services LLC | $20 | 5.99% |
FOXY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wolverine Execution Services, LLC | $193.0M | 34.23% |
| BARCLAYS CAPITAL, INC. | $95.3M | 16.90% |
| MORGAN STANLEY & CO. LLC | $91.2M | 16.17% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $68.4M | 12.13% |
| JANE STREET EXECUTION SERVICES, LLC | $68.2M | 12.10% |
| STONEX FINANCIAL INC. | $30.9M | 5.48% |
| RBC CAPITAL MARKETS, LLC | $9.8M | 1.74% |
| GOLDMAN SACHS & CO. LLC | $7.0M | 1.25% |
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.