ITWO Fees and Costs — ProShares Russell 2000 High Income ETF
Data updated: 2026-08-14
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $12K in broker commissions, 0.0111% of average net assets, and portfolio turnover was 33%.
ITWO Fees and Expenses
Annual operating expenses and sales charges of ITWO. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
ITWO Costs Over Time
On $10,000 invested in ITWO, assuming 5% a year before costs, total costs come to $354 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $354 |
| Value after costs | $10,441 | $11,382 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
ITWO 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): 0.0111%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $156.7M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $46K (0.043% of average net assets)
ITWO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $8K | 67.76% |
| RBC Capital Markets, LLC | $2K | 13.70% |
| BNP Paribas Securities Corp. | $1K | 12.60% |
| Virtu Americas LLC | $701 | 5.94% |
ITWO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $73.1M | 46.62% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $41.2M | 26.30% |
| Jane Street Capital, LLC | $21.1M | 13.45% |
| Virtu Americas LLC | $20.3M | 12.96% |
| Susquehanna Financial Group, LLLP | $896K | 0.57% |
| BNP Paribas Securities Corp. | $139K | 0.09% |
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.