MRGR Fees and Costs — ProShares Merger ETF
Data updated: 2026-08-14
The net expense ratio is 0.75%: a 0.75% management fee plus 1.46% other expenses, less a 1.46% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0960% of average net assets, and portfolio turnover was 231%.
MRGR Fees and Expenses
Annual operating expenses and sales charges of MRGR. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 1.46% |
| Gross expense ratio | 2.21% |
| Fee waiver | −1.46% |
| Net expense ratio | 0.75% |
| 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 |
MRGR Costs Over Time
On $10,000 invested in MRGR, assuming 5% a year before costs, total costs come to $531 over 5 years, cutting the return by 0.89% 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 0.75%) | $79 | $246 | $427 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $291 | $531 |
| Value after costs | $10,411 | $11,285 | $12,232 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
MRGR 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): 0.0960%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $121.8M
- Portfolio turnover (prospectus): 231%
- Securities on loan, average value: $328K
- Net income from securities lending: $9K (0.066% of average net assets)
MRGR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $13K | 99.74% |
| Susquehanna Financial Group, LLLP | $33 | 0.26% |
MRGR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $71.0M | 58.30% |
| UBS Securities LLC | $39.3M | 32.27% |
| BofA Securities, Inc. | $5.2M | 4.24% |
| Mizuho Securities USA LLC | $4.2M | 3.45% |
| Virtu Americas LLC | $937K | 0.77% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $840K | 0.69% |
| Citigroup Global Markets Inc. | $348K | 0.29% |
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.