SEC Filing Fees Calculation

Summary

This practice note provides an overview of the filing fees collected by the Securities and Exchange Commission (SEC) for (1) the registration of securities pursuant to the Securities Act of 1933, as amended (Securities Act), (2) the repurchase of securities, proxy solicitations, tender offers, and certain other transactions pursuant to the Securities Exchange Act of 1934, as amended (Exchange Act), and (3) annual filings by investment companies pursuant to the Securities Act and the Investment Company Act of 1940 (ICA). This practice note also provides illustrative calculations of each type of filing fee described herein, as well as tips for determining the most cost-effective methods of calculating filing fees in practice.