SVOL Fees and Costs — Simplify Volatility Premium ETF
Data updated: 2026-09-11
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $331K in broker commissions, 0.0494% of average net assets, and portfolio turnover was 298%.
SVOL Fees and Expenses
Annual operating expenses and sales charges of SVOL. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
SVOL Costs Over Time
On $10,000 invested in SVOL, assuming 5% a year before costs, total costs come to $446 over 5 years, cutting the return by 0.74% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $74 | $245 | $446 |
| Value after costs | $10,426 | $11,332 | $12,316 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
SVOL 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): 0.0494%
- Total broker commissions: $331K
- Bought from dealers (principal trades, not a cost): $11.6B
- Portfolio turnover (prospectus): 298%
- Securities lending: none during the year
SVOL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $168K | 50.72% |
| Wolverine Execution Services LLC | $85K | 25.79% |
| STONEX FINANCIAL INC. | $34K | 10.30% |
| JANE STREET EXECUTION SERVICES, LLC | $26K | 7.88% |
| IMC FINANCIAL MARKETS | $18K | 5.31% |
| VIRTU AMERICAS LLC | $8 | 0.00% |
SVOL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $10.7B | 92.67% |
| BNY MELLON CAPITAL MARKETS, LLC | $273.9M | 2.37% |
| JANE STREET EXECUTION SERVICES, LLC | $206.3M | 1.78% |
| Wolverine Execution Services, LLC | $137.2M | 1.18% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $90.3M | 0.78% |
| BARCLAYS CAPITAL, INC. | $71.3M | 0.62% |
| STONEX FINANCIAL INC. | $34.8M | 0.30% |
| GOLDMAN SACHS & CO. LLC | $21.4M | 0.18% |
| TIGRESS FINANCIAL PARTNERS, LLC | $7.9M | 0.07% |
| The Bank of New York Mellon | $6.0M | 0.05% |
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.