SSO Fees and Costs — ProShares Ultra S&P500
Data updated: 2026-08-14
The net expense ratio is 0.89%: a 0.75% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $448K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 4%.
SSO Fees and Expenses
Annual operating expenses and sales charges of SSO. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
SSO Costs Over Time
On $10,000 invested in SSO, assuming 5% a year before costs, total costs come to $562 over 5 years, cutting the return by 0.94% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $308 | $562 |
| Value after costs | $10,406 | $11,268 | $12,201 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
SSO 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): 0.0063%
- Total broker commissions: $448K
- Bought from dealers (principal trades, not a cost): $25.6B
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $129K (0.002% of average net assets)
SSO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $241K | 53.85% |
| BNP Paribas Securities Corp. | $83K | 18.64% |
| Virtu Americas LLC | $69K | 15.33% |
| Societe Generale | $55K | 12.18% |
SSO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11.7B | 45.80% |
| Goldman Sachs & Co. LLC | $4.8B | 18.71% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3.1B | 12.07% |
| Virtu Americas LLC | $2.3B | 8.94% |
| Barclays Capital, Inc. | $1.4B | 5.57% |
| Bank of Montreal | $1.1B | 4.32% |
| Jane Street Capital, LLC | $666.9M | 2.62% |
| Citigroup Global Markets Inc. | $209.3M | 0.82% |
| Morgan Stanley & Co. LLC | $208.9M | 0.82% |
| BofA Securities, Inc. | $86.9M | 0.34% |
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.