VPPM Fees and Costs — ProFund VP Pharmaceuticals
Data updated: 2026-08-28
The net expense ratio is 1.68%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.69% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0351% of average net assets, and portfolio turnover was 143%.
VPPM Fees and Expenses
Annual operating expenses and sales charges of VPPM. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.01% |
| 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 |
VPPM Costs Over Time
On $10,000 invested in VPPM, assuming 5% a year before costs, total costs come to $1,058 over 5 years, cutting the return by 1.80% 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 | $546 | $940 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $180 | $585 | $1,058 |
| Value after costs | $10,320 | $10,991 | $11,705 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
VPPM 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): 0.0351%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $43.2M
- Portfolio turnover (prospectus): 143%
- Securities on loan, average value: $35K
- Net income from securities lending: $643 (0.007% of average net assets)
VPPM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Securities | $2K | 50.54% |
| BNP Paribas Securities Corp. | $2K | 49.46% |
VPPM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $12.4M | 28.76% |
| HSBC Securities (USA) Inc. | $11.8M | 27.36% |
| Natwest Markets Securities Inc. | $6.4M | 14.79% |
| Credit Agricole Securities (USA) Inc. | $4.4M | 10.17% |
| UMB Financial Services, Inc. | $4.2M | 9.78% |
| RBC Capital Markets, LLC | $3.9M | 9.14% |
| BNP Paribas Securities Corp. | $69 | 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.