VPSML Fees and Costs — ProFund VP Short Small-Cap
Data updated: 2026-08-28
The net expense ratio is 1.68%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.78% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32 in broker commissions, 0.0024% of average net assets, and portfolio turnover was 0%.
VPSML Fees and Expenses
Annual operating expenses and sales charges of VPSML. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.78% |
| Fee waiver | −0.10% |
| 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 |
VPSML Costs Over Time
On $10,000 invested in VPSML, assuming 5% a year before costs, total costs come to $1,038 over 5 years, cutting the return by 1.77% 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 | $941 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $177 | $575 | $1,038 |
| Value after costs | $10,323 | $11,002 | $11,725 |
| Impact on return, per year | 1.77% | 1.77% | 1.77% |
VPSML 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): 0.0024%
- Total broker commissions: $32
- Bought from dealers (principal trades, not a cost): $350.2M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
VPSML Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $32 | 100.00% |
VPSML Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $101.9M | 29.10% |
| HSBC Securities (USA) Inc. | $96.5M | 27.56% |
| Natwest Markets Securities Inc. | $49.3M | 14.07% |
| Credit Agricole Securities (USA) Inc. | $37.0M | 10.57% |
| UMB Financial Services, Inc. | $34.0M | 9.71% |
| RBC Capital Markets, LLC | $31.5M | 8.99% |
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.