BITIX Fees and Costs — Short Bitcoin ProFund, Investor Class
Data updated: 2026-10-13
The net expense ratio is 1.16%: a 0.45% management fee plus 5.47% other expenses, less a 4.76% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $15K in broker commissions, 0.6429% of average net assets, and portfolio turnover was 0%.
BITIX Fees and Expenses
Annual operating expenses and sales charges of BITIX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 5.47% |
| Gross expense ratio | 5.92% |
| Fee waiver | −4.76% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
BITIX Costs Over Time
On $10,000 invested in BITIX, assuming 5% a year before costs, total costs come to $1,110 over 5 years, cutting the return by 1.89% 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 1.16%) | $122 | $377 | $648 |
| Trading costs (broker commissions) | $68 | $209 | $359 |
| Lost growth on money paid in costs | $0 | $29 | $103 |
| Total costs | $189 | $615 | $1,110 |
| Value after costs | $10,311 | $10,961 | $11,653 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
BITIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.6429%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $8.8M
- Portfolio turnover (prospectus): 0%
BITIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $15K | 100.00% |
BITIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB Financial Services, Inc. | $8.8M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.