ISPY Fees and Costs — ProShares S&P 500 High Income ETF
Data updated: 2026-08-14
The net expense ratio is 0.56%: a 0.55% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $59K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 29%.
ISPY Fees and Expenses
Annual operating expenses and sales charges of ISPY. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| 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 |
ISPY Costs Over Time
On $10,000 invested in ISPY, assuming 5% a year before costs, total costs come to $357 over 5 years, cutting the return by 0.59% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $59 | $195 | $357 |
| Value after costs | $10,441 | $11,381 | $12,406 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
ISPY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0055%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $311K
- Net income from securities lending: $26K (0.002% of average net assets)
ISPY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $49K | 82.00% |
| BNP Paribas Securities Corp. | $5K | 9.08% |
| Societe Generale | $4K | 6.50% |
| Virtu Americas LLC | $1K | 2.42% |
ISPY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $668.7M | 63.35% |
| Jane Street Capital, LLC | $140.3M | 13.29% |
| Goldman Sachs & Co. LLC | $109.5M | 10.37% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $106.9M | 10.13% |
| Virtu Americas LLC | $30.0M | 2.84% |
| Susquehanna Financial Group, LLLP | $137K | 0.01% |
| BNP Paribas Securities Corp. | $432 | 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.