VPUT Fees and Costs — ProFund VP Utilities
Data updated: 2026-08-28
The net expense ratio is 1.68%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.70% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $65K in broker commissions, 0.1863% of average net assets, and portfolio turnover was 800%.
VPUT Fees and Expenses
Annual operating expenses and sales charges of VPUT. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.70% |
| Fee waiver | −0.02% |
| 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 |
VPUT Costs Over Time
On $10,000 invested in VPUT, assuming 5% a year before costs, total costs come to $1,147 over 5 years, cutting the return by 1.96% 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 | $937 |
| Trading costs (broker commissions) | $20 | $60 | $104 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $196 | $636 | $1,147 |
| Value after costs | $10,304 | $10,940 | $11,615 |
| Impact on return, per year | 1.96% | 1.96% | 1.96% |
VPUT 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): 0.1863%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $135.2M
- Portfolio turnover (prospectus): 800%
- Securities lending: none during the year
VPUT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $33K | 51.13% |
| Susquehanna Securities | $32K | 48.87% |
VPUT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $39.2M | 29.01% |
| HSBC Securities (USA) Inc. | $38.0M | 28.12% |
| Natwest Markets Securities Inc. | $19.2M | 14.19% |
| Credit Agricole Securities (USA) Inc. | $14.7M | 10.89% |
| UMB Financial Services, Inc. | $12.0M | 8.89% |
| RBC Capital Markets, LLC | $12.0M | 8.89% |
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.