VPBK Fees and Costs — ProFund VP Banks
Data updated: 2026-08-28
The net expense ratio is 1.68%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.73% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.2657% of average net assets, and portfolio turnover was 112500%.
VPBK Fees and Expenses
Annual operating expenses and sales charges of VPBK. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.68% |
| 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 |
VPBK Costs Over Time
On $10,000 invested in VPBK, assuming 5% a year before costs, total costs come to $1,194 over 5 years, cutting the return by 2.04% 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 1.68%) | $176 | $545 | $936 |
| Trading costs (broker commissions) | $28 | $86 | $148 |
| Lost growth on money paid in costs | $0 | $31 | $111 |
| Total costs | $204 | $663 | $1,194 |
| Value after costs | $10,296 | $10,914 | $11,569 |
| Impact on return, per year | 2.04% | 2.04% | 2.04% |
VPBK Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2657%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $12.2M
- Portfolio turnover (prospectus): 112500%
- Securities on loan, average value: $24K
- Net income from securities lending: $995 (0.022% of average net assets)
VPBK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Securities | $7K | 61.06% |
| BNP Paribas Securities Corp. | $5K | 38.94% |
VPBK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $3.4M | 27.76% |
| HSBC Securities (USA) Inc. | $3.4M | 27.56% |
| Natwest Markets Securities Inc. | $1.8M | 14.55% |
| UMB Financial Services, Inc. | $1.4M | 11.28% |
| Credit Agricole Securities (USA) Inc. | $1.3M | 10.31% |
| RBC Capital Markets, LLC | $1.0M | 8.54% |
| BNP Paribas Securities Corp. | $40 | 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.