SPUC Fees and Costs — Simplify US Equity Income ETF
Data updated: 2026-09-11
The net expense ratio is 0.53%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0121% of average net assets, and portfolio turnover was 94%.
SPUC Fees and Expenses
Annual operating expenses and sales charges of SPUC. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| 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 |
SPUC Costs Over Time
On $10,000 invested in SPUC, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
SPUC 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): 0.0121%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $78.8M
- Portfolio turnover (prospectus): 94%
- Securities lending: none during the year
SPUC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Execution Services LLC | $6K | 43.07% |
| STONEX FINANCIAL INC. | $5K | 36.92% |
| JANE STREET EXECUTION SERVICES, LLC | $1K | 11.19% |
| VIRTU AMERICAS LLC | $850 | 6.64% |
| IMC FINANCIAL MARKETS | $242 | 1.89% |
| INTERACTIVE BROKERS, LLC | $36 | 0.28% |
SPUC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $38.3M | 48.63% |
| GOLDMAN SACHS & CO. LLC | $23.6M | 29.91% |
| INTERACTIVE BROKERS, LLC | $9.9M | 12.55% |
| JANE STREET EXECUTION SERVICES, LLC | $3.6M | 4.58% |
| J.P. Morgan Securities LLC | $3.4M | 4.32% |
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.