C000202607 Fees and Costs — ProShares Ultra Communication Services Select Sector
Data updated: 2020-10-26
The net expense ratio is 0.95%: a 0.75% management fee plus 5.72% other expenses, less a 5.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $440 in broker commissions, 0.0268% of average net assets, and portfolio turnover was 144%.
C000202607 Fees and Expenses
Annual operating expenses and sales charges of C000202607. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 5.72% |
| Gross expense ratio | 6.47% |
| Fee waiver | −5.52% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000202607 Costs Over Time
On $10,000 invested in C000202607, assuming 5% a year before costs, total costs come to $611 over 5 years, cutting the return by 1.03% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $611 |
| Value after costs | $10,397 | $11,240 | $12,152 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000202607 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0268%
- Total broker commissions: $440
- Bought from dealers (principal trades, not a cost): $6.7M
- Portfolio turnover (prospectus): 144%
- Securities on loan, average value: $40
- Net income from securities lending: $0 (0.000% of average net assets)
C000202607 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $232 | 52.73% |
| BofA Securities, Inc. | $161 | 36.59% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $47 | 10.68% |
C000202607 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.8M | 87.36% |
| ABN AMRO Securities (USA) LLC | $837K | 12.56% |
| BofA Securities, Inc. | $5K | 0.07% |
| Deutsche Bank Securities Inc. | $137 | 0.00% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $86 | 0.00% |
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.