RTYD Fees and Costs — Simplify US Small Cap PLUS Downside Convexity ETF
Data updated: 2023-05-22
The net expense ratio is 0.31% (0.56% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $4K in broker commissions, 0.1516% of average net assets, and portfolio turnover was 2%.
RTYD Fees and Expenses
Annual operating expenses and sales charges of RTYD. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.31% |
| 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 |
RTYD Costs Over Time
On $10,000 invested in RTYD, assuming 5% a year before costs, total costs come to $292 over 5 years, cutting the return by 0.48% 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 0.31%) | $33 | $102 | $178 |
| Trading costs (broker commissions) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $48 | $160 | $292 |
| Value after costs | $10,452 | $11,417 | $12,471 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
RTYD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1516%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $5.7M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
RTYD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $4K | 99.58% |
| UBS Securities LLC | $19 | 0.42% |
RTYD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3.5M | 60.48% |
| VIRTU AMERICAS LLC | $1.1M | 19.79% |
| BOFA SECURITIES, INC. | $1.1M | 19.73% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.