Expense Ratio History

FIG expense ratio history

Simplify Macro Strategy ETF

Fund company
Simplify Exchange Traded
Type
ETF

1.03%

In basis points
103 basis points
Yearly cost per $10,000
$103
Prospectus dated
1 November 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.25% on 1 November 2024

Fee over time

FIG expense ratio: 0.75% until 28 Oct 2022, then 0.97%; 0.97% until 1 Nov 2023, then 1.25%; 1.25% until 1 Nov 2024, then 1.03%; read at 1.03% on 1 Nov 2024.0.00%0.50%1.00%1.50%2.00%Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 20240.75% before1.03% from 1 Nov 2024
FIG expense ratio: 0.75% until 28 Oct 2022, then 0.97%; 0.97% until 1 Nov 2023, then 1.25%; 1.25% until 1 Nov 2024, then 1.03%; read at 1.03% on 1 Nov 2024.0.00%0.50%1.00%1.50%2.00%Jan 2022Jan 2023Jan 20240.75% before1.03% from 1 Nov 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
1 Nov 2024 1.03% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2024 1.03% Cut from 1.25% to 1.03%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-10-28
1 Nov 2023 1.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2023 1.25% Raised from 0.97% to 1.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-10-27
28 Oct 2022 0.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2022 0.97% Raised from 0.75% to 0.97%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-10-27
17 May 2022 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-05-17 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Jan 2022 0.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-01-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.03% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,264 in fees over 10 years

After fees, $10,000 grows to $14,723.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$106
3 years$329
5 years$571
10 years$1,264

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 5 prospectuses for this share class since 2022. Each one is listed above with a link to the filing.

How we read fees

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