TCPIX Fees and Costs — Telecommunications UltraSector ProFund, Investor Class
Data updated: 2023-04-03
The net expense ratio is 1.78%: a 0.75% management fee plus 3.82% other expenses, less a 2.79% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $424 in broker commissions, 0.0445% of average net assets, and portfolio turnover was 229%.
TCPIX Fees and Expenses
Annual operating expenses and sales charges of TCPIX. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.82% |
| Gross expense ratio | 4.57% |
| Fee waiver | −2.79% |
| Net expense ratio | 1.78% |
| 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 | Yes |
TCPIX Costs Over Time
On $10,000 invested in TCPIX, assuming 5% a year before costs, total costs come to $1,123 over 5 years, cutting the return by 1.92% 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 1.78%) | $187 | $578 | $994 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $192 | $622 | $1,123 |
| Value after costs | $10,308 | $10,954 | $11,640 |
| Impact on return, per year | 1.92% | 1.92% | 1.92% |
TCPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0445%
- Total broker commissions: $424
- Bought from dealers (principal trades, not a cost): $61.0M
- Portfolio turnover (prospectus): 229%
- Securities on loan, average value: $14
- Net income from securities lending: $0 (0.000% of average net assets)
TCPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Securities | $284 | 67.14% |
| BNP Paribas Securities Corp. | $139 | 32.86% |
TCPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $24.6M | 40.31% |
| Credit Agricole Securities (USA) Inc. | $12.0M | 19.69% |
| HSBC Securities (USA) Inc. | $11.8M | 19.39% |
| RBC Capital Markets, LLC | $5.7M | 9.27% |
| UMB Financial Services, Inc. | $5.0M | 8.12% |
| CIBC World Markets Corp. | $2.0M | 3.22% |
| Susquehanna Securities | $964 | 0.00% |
| BNP Paribas Securities Corp. | $37 | 0.00% |
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.