VPBT Fees and Costs — ProFund VP Biotechnology
Data updated: 2026-08-28
The net expense ratio is 1.60%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.60% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0545% of average net assets, and portfolio turnover was 222%.
VPBT Fees and Expenses
Annual operating expenses and sales charges of VPBT. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.60% |
| Fee waiver | — |
| Net expense ratio | 1.60% |
| 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 |
VPBT Costs Over Time
On $10,000 invested in VPBT, assuming 5% a year before costs, total costs come to $1,021 over 5 years, cutting the return by 1.74% 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 1.60%) | $168 | $521 | $897 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $174 | $565 | $1,021 |
| Value after costs | $10,326 | $11,011 | $11,741 |
| Impact on return, per year | 1.74% | 1.74% | 1.74% |
VPBT 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): 0.0545%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $144.8M
- Portfolio turnover (prospectus): 222%
- Securities on loan, average value: $925K
- Net income from securities lending: $25K (0.075% of average net assets)
VPBT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $11K | 62.82% |
| Susquehanna Securities | $7K | 37.18% |
VPBT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $41.5M | 28.65% |
| HSBC Securities (USA) Inc. | $39.9M | 27.54% |
| Natwest Markets Securities Inc. | $22.4M | 15.45% |
| Credit Agricole Securities (USA) Inc. | $14.2M | 9.82% |
| RBC Capital Markets, LLC | $13.9M | 9.60% |
| UMB Financial Services, Inc. | $12.9M | 8.94% |
| Susquehanna Securities | $114 | 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.