TESL Fees and Costs — Simplify Volt TSLA Revolution ETF
Data updated: 2026-09-11
The net expense ratio is 0.97%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $66K in broker commissions, 0.2389% of average net assets, and portfolio turnover was 872%.
TESL Fees and Expenses
Annual operating expenses and sales charges of TESL. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
TESL Costs Over Time
On $10,000 invested in TESL, assuming 5% a year before costs, total costs come to $753 over 5 years, cutting the return by 1.27% 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 0.97%) | $102 | $317 | $549 |
| Trading costs (broker commissions) | $25 | $78 | $135 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $415 | $753 |
| Value after costs | $10,373 | $11,161 | $12,010 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
TESL 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): 0.2389%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): $156.7M
- Portfolio turnover (prospectus): 872%
- Securities lending: none during the year
TESL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $25K | 37.47% |
| Wolverine Execution Services LLC | $17K | 25.44% |
| IMC FINANCIAL MARKETS | $12K | 18.96% |
| STONEX FINANCIAL INC. | $6K | 8.83% |
| VIRTU AMERICAS LLC | $3K | 4.84% |
| IMC EXECUTION SERVICES | $2K | 2.91% |
| GOLDMAN SACHS & CO. LLC | $787 | 1.20% |
| BOFA SECURITIES, INC. | $130 | 0.20% |
| OPTIVER US LLC | $70 | 0.11% |
| OLD MISSION MARKETS LLC | $39 | 0.06% |
TESL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $51.0M | 32.53% |
| MORGAN STANLEY & CO. LLC | $33.8M | 21.56% |
| GOLDMAN SACHS & CO. LLC | $27.0M | 17.23% |
| BARCLAYS CAPITAL, INC. | $23.4M | 14.94% |
| STONEX FINANCIAL INC. | $13.2M | 8.43% |
| JANE STREET EXECUTION SERVICES, LLC | $7.4M | 4.72% |
| BOFA SECURITIES, INC. | $924K | 0.59% |
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.