NOBL Fees and Costs — ProShares S&P 500 Dividend Aristocrats ETF
Data updated: 2026-08-14
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $553K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 20%.
NOBL Fees and Expenses
Annual operating expenses and sales charges of NOBL. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
NOBL Costs Over Time
On $10,000 invested in NOBL, assuming 5% a year before costs, total costs come to $225 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $123 | $225 |
| Value after costs | $10,463 | $11,453 | $12,538 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
NOBL 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): 0.0049%
- Total broker commissions: $553K
- Bought from dealers (principal trades, not a cost): $3.3B
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $19K (0.000% of average net assets)
NOBL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $399K | 72.14% |
| BNP Paribas Securities Corp. | $151K | 27.37% |
| BofA Securities, Inc. | $1K | 0.26% |
| Virtu Americas LLC | $1K | 0.23% |
NOBL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.0B | 31.80% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $908.1M | 27.57% |
| Goldman Sachs & Co. LLC | $477.8M | 14.51% |
| Morgan Stanley & Co. LLC | $370.2M | 11.24% |
| BNP Paribas Securities Corp. | $239.3M | 7.27% |
| RBC Capital Markets, LLC | $85.6M | 2.60% |
| Jane Street Capital, LLC | $80.5M | 2.44% |
| ABN AMRO Clearing Chicago LLC | $58.4M | 1.77% |
| Virtu Americas LLC | $20.9M | 0.63% |
| Citigroup Global Markets Inc. | $5.4M | 0.16% |
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.