USD Fees and Costs — ProShares Ultra Semiconductors
Data updated: 2026-08-14
The net expense ratio is 0.95%: a 0.75% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $324K in broker commissions, 0.0188% of average net assets, and portfolio turnover was 104%.
USD Fees and Expenses
Annual operating expenses and sales charges of USD. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| 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 | No |
| Waived fees subject to recoupment | Yes |
USD Costs Over Time
On $10,000 invested in USD, assuming 5% a year before costs, total costs come to $606 over 5 years, cutting the return by 1.02% 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 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $333 | $606 |
| Value after costs | $10,398 | $11,243 | $12,156 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
USD 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): 0.0188%
- Total broker commissions: $324K
- Bought from dealers (principal trades, not a cost): $11.1B
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $653K
- Net income from securities lending: $2K (0.000% of average net assets)
USD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $208K | 64.36% |
| Susquehanna Financial Group, LLLP | $115K | 35.64% |
USD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.2B | 57.21% |
| Goldman Sachs & Co. LLC | $982.8M | 9.09% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $811.6M | 7.50% |
| Bank of Montreal | $632.7M | 5.85% |
| Jane Street Capital, LLC | $581.5M | 5.38% |
| Citigroup Global Markets Inc. | $418.6M | 3.87% |
| UBS Securities LLC | $375.8M | 3.47% |
| ABN AMRO Clearing Chicago LLC | $362.0M | 3.35% |
| Barclays Capital, Inc. | $273.1M | 2.53% |
| Virtu Americas LLC | $189.6M | 1.75% |
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.