SETH Fees and Costs — ProShares Short Ether ETF
Data updated: 2026-08-14
The net expense ratio is 0.95%: a 0.95% management fee plus 0.08% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $47K in broker commissions, 0.4147% of average net assets, and portfolio turnover was 0%.
SETH Fees and Expenses
Annual operating expenses and sales charges of SETH. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.08% |
| 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 | No |
SETH Costs Over Time
On $10,000 invested in SETH, assuming 5% a year before costs, total costs come to $847 over 5 years, cutting the return by 1.43% 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 | $310 | $536 |
| Trading costs (broker commissions) | $44 | $135 | $234 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $468 | $847 |
| Value after costs | $10,357 | $11,109 | $11,915 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
SETH 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): 0.4147%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $175.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
SETH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX NORTH AMERICA SECURITIES LLC | $46K | 98.11% |
| Marex Capital Markets, Inc. | $885 | 1.89% |
SETH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $133.4M | 76.12% |
| Bank of Montreal | $32.3M | 18.41% |
| UMB Financial Services, Inc. | $5.6M | 3.19% |
| Goldman Sachs & Co. LLC | $4.0M | 2.28% |
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.