SMDV Fees and Costs — ProShares Russell 2000 Dividend Growers ETF
Data updated: 2026-08-14
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $52K in broker commissions, 0.0080% of average net assets.
SMDV Fees and Expenses
Annual operating expenses and sales charges of SMDV. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| 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 |
SMDV Costs Over Time
On $10,000 invested in SMDV, assuming 5% a year before costs, total costs come to $258 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $141 | $258 |
| Value after costs | $10,457 | $11,435 | $12,505 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
SMDV 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): 0.0080%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $187.1M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $2.4M
- Net income from securities lending: $15K (0.002% of average net assets)
SMDV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $34K | 65.32% |
| Susquehanna Financial Group, LLLP | $11K | 20.60% |
| BNP Paribas Securities Corp. | $7K | 14.09% |
SMDV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $100.9M | 53.91% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $65.9M | 35.21% |
| Jane Street Capital, LLC | $8.9M | 4.74% |
| RBC Capital Markets, LLC | $6.1M | 3.24% |
| Goldman Sachs & Co. LLC | $2.6M | 1.41% |
| ABN AMRO Clearing Chicago LLC | $1.4M | 0.77% |
| Virtu Americas LLC | $1.3M | 0.72% |
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.