PINK Fees and Costs — Simplify Health Care ETF
Data updated: 2026-09-11
The net expense ratio is 0.51%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $113K in broker commissions, 0.0467% of average net assets, and portfolio turnover was 201%.
PINK Fees and Expenses
Annual operating expenses and sales charges of PINK. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
PINK Costs Over Time
On $10,000 invested in PINK, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% 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 0.51%) | $54 | $168 | $292 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,411 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
PINK 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): 0.0467%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $470.1M
- Portfolio turnover (prospectus): 201%
- Securities lending: none during the year
PINK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL, LLC | $56K | 49.10% |
| VIRTU AMERICAS LLC | $45K | 39.93% |
| BTIG, LLC | $12K | 10.97% |
PINK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $219.0M | 46.60% |
| JANE STREET EXECUTION SERVICES, LLC | $76.4M | 16.26% |
| RBC CAPITAL MARKETS, LLC | $75.1M | 15.97% |
| VIRTU AMERICAS LLC | $70.3M | 14.95% |
| GOLDMAN SACHS & CO. LLC | $20.5M | 4.35% |
| Wolverine Execution Services, LLC | $5.0M | 1.06% |
| BNP PARIBAS SECURITIES CORP. | $3.7M | 0.79% |
| WallachBeth Capital LLC | $65K | 0.01% |
| CIDARA THERAPEUTICS INC | $35K | 0.01% |
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.