SPXB Fees and Costs — ProShares S&P 500 Bond ETF
Data updated: 2024-04-26
The net expense ratio is 0.15%. There are no sales loads or redemption fees. Portfolio turnover was 86%.
SPXB Fees and Expenses
Annual operating expenses and sales charges of SPXB. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
SPXB Costs Over Time
On $10,000 invested in SPXB, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
SPXB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $40.8M
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $42K
- Net income from securities lending: $74 (0.001% of average net assets)
SPXB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.5M | 36.50% |
| Jane Street Execution Services, LLC | $8.9M | 22.51% |
| BofA Securities, Inc. | $5.3M | 13.35% |
| MarketAxess Corporation | $2.7M | 6.90% |
| Millennium Advisors, LLC | $2.1M | 5.21% |
| Goldman Sachs & Co. LLC | $2.0M | 5.09% |
| Citigroup Global Markets Inc. | $1.9M | 4.76% |
| Barclays Capital, Inc. | $1.3M | 3.26% |
| RBC Capital Markets, LLC | $573K | 1.44% |
| Jefferies LLC | $389K | 0.98% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.