Creation and Redemption Fees


To purchase or redeem a creation unit, you must be an Authorized Participant (AP) or transact through a broker that is an AP. Please note that there could be restrictions on the types of orders allowed—check with your AP for availability.

Fund Name Ticker # shares
per unit
NSCC
Fixed Fee 1
Variable Fees
Cash Create (bps) Cash Redeem (bps) In-kind Create (bps) In-kind Redeem (bps)
30 Year TIPS/TSY Spread2 RINF 50,000 250 10.000 10.000 3.125 3.125
Credit Suisse 130/30 CSM 50,000 500 1.760 1.760 0.770 0.770
German Sovereign/Sub-Sovereign ETF GGOV 50,000 500 40.000 40.000 N/A N/A
Hedge Replication ETF HDG 50,000 500 1.100 1.100 N/A N/A
RAFI® Long/Short RALS 50,000 500 2.200 2.200 1.100 1.100
Short 20+ Year Treasury TBF 50,000 250 0.000 1.100 N/A N/A
Short 30 Year TIPS/TSY Spread2 FINF 50,000 250 10.000 10.000 6.250 6.250
Short 7-10 Year Treasury TBX 25,000 250 0.000 1.100 N/A N/A
Short Basic Materials SBM 50,000 500 1.100 1.100 N/A N/A
Short Dow30 DOG 75,000 500 1.100 1.100 N/A N/A
Short FTSE China 25 YXI 50,000 500 1.100 1.100 N/A N/A
Short Financials SEF 75,000 500 0.000 1.100 N/A N/A
Short High Yield SJB 50,000 250 1.100 1.100 N/A N/A
Short Investment Grade Corporate IGS 50,000 250 1.100 1.100 N/A N/A
Short KBW Regional Banking KRS 50,000 500 1.100 1.100 N/A N/A
Short MSCI EAFE EFZ 75,000 500 1.100 1.100 N/A N/A
Short MSCI Emerging Markets EUM 75,000 500 1.100 1.100 N/A N/A
Short MidCap400 MYY 75,000 500 1.100 1.100 N/A N/A
Short Oil & Gas DDG 75,000 500 0.000 1.100 N/A N/A
Short QQQ PSQ 75,000 500 1.100 1.100 N/A N/A
Short Real Estate REK 50,000 500 1.100 1.100 N/A N/A
Short Russell2000 RWM 75,000 500 1.100 1.100 N/A N/A
Short S&P500 SH 75,000 500 1.100 1.100 N/A N/A
Short SmallCap600 SBB 75,000 500 1.100 1.100 N/A N/A
Short VIX Short-Term Futures ETF SVXY 50,000 500 1.200 1.200 N/A N/A
Ultra 20+ Year Treasury UBT 50,000 250 0.000 3.000 0.000 2.000
Ultra 7-10 Year Treasury UST 50,000 250 0.000 3.000 0.000 2.000
Ultra Basic Materials UYM 75,000 500 2.200 2.200 1.100 1.100
Ultra Consumer Goods UGE 75,000 755 2.200 2.200 1.100 1.100
Ultra Consumer Services UCC 75,000 1,265 2.200 2.200 1.100 1.100
Ultra DJ-UBS Commodity UCD 50,000 500 2.200 2.200 N/A N/A
Ultra DJ-UBS Crude Oil UCO 50,000 500 2.200 2.200 N/A N/A
Ultra DJ-UBS Natural Gas BOIL 50,000 500 1.000 1.000 N/A N/A
Ultra Dow30 DDM 75,000 500 2.200 2.200 1.100 1.100
Ultra Euro ULE 50,000 500 0.000 0.000 N/A N/A
Ultra FTSE China 25 XPP 50,000 250 0.000 2.200 0.000 1.100
Ultra Financials UYG 75,000 625 0.000 2.200 0.000 1.100
Ultra Gold UGL 50,000 500 2.200 2.200 N/A N/A
Ultra Health Care RXL 75,000 800 1.100 2.200 0.000 1.100
Ultra High Yield UJB 50,000 250 2.200 2.200 N/A N/A
Ultra Industrials UXI 75,000 1,355 2.200 2.200 1.100 1.100
Ultra Investment Grade Corporate IGU 50,000 250 2.200 2.200 N/A N/A
Ultra KBW Regional Banking KRU 50,000 500 2.200 2.200 1.100 1.100
Ultra MSCI Brazil UBR 50,000 250 0.000 2.200 0.000 1.100
Ultra MSCI EAFE EFO 50,000 500 0.000 2.200 0.000 1.100
Ultra MSCI Emerging Markets EET 50,000 500 0.000 2.200 0.000 1.100
Ultra MSCI Europe UPV 50,000 500 2.200 2.200 1.100 1.100
Ultra MSCI Japan EZJ 50,000 500 2.200 2.200 1.100 1.100
Ultra MSCI Mexico Investable Market UMX 50,000 250 0.000 2.200 0.000 1.100
Ultra MSCI Pacific ex-Japan UXJ 50,000 500 2.200 2.200 1.100 1.100
Ultra MidCap400 MVV 75,000 2,000 1.100 2.200 0.000 1.100
Ultra Nasdaq Biotechnology BIB 50,000 625 2.200 2.200 1.100 1.100
Ultra Oil & Gas DIG 75,000 250 0.000 2.200 0.000 1.100
Ultra QQQ QLD 75,000 500 1.100 2.200 0.000 1.100
Ultra Real Estate URE 75,000 250 0.000 2.200 0.000 1.100
Ultra Russell MidCap Growth UKW 75,000 2,695 2.200 2.200 1.100 1.100
Ultra Russell MidCap Value UVU 75,000 2,405 2.200 2.200 1.100 1.100
Ultra Russell1000 Growth UKF 75,000 3,415 2.200 2.200 1.100 1.100
Ultra Russell1000 Value UVG 75,000 3,055 2.200 2.200 1.100 1.100
Ultra Russell2000 UWM 75,000 3,500 1.100 2.200 0.000 1.100
Ultra Russell2000 Growth UKK 75,000 3,500 2.200 2.200 1.100 1.100
Ultra Russell2000 Value UVT 75,000 3,500 2.200 2.200 1.100 1.100
Ultra Russell3000 UWC 50,000 3,500 2.200 2.200 1.100 1.100
Ultra S&P500 SSO 75,000 2,500 1.100 2.200 0.000 1.100
Ultra Semiconductors USD 75,000 250 0.000 2.200 0.000 1.100
Ultra Silver AGQ 50,000 500 2.200 2.200 N/A N/A
Ultra SmallCap600 SAA 75,000 3,000 2.200 2.200 1.100 1.100
Ultra Technology ROM 75,000 500 0.000 2.200 0.000 1.100
Ultra Telecommunications LTL 75,000 500 2.200 2.200 1.100 1.100
Ultra Utilities UPW 75,000 500 2.200 2.200 1.100 1.100
Ultra VIX Short-Term Futures ETF UVXY 50,000 500 2.400 2.400 N/A N/A
Ultra Yen YCL 50,000 500 0.000 0.000 N/A N/A
UltraPro Dow30 UDOW 50,000 325 1.100 4.400 0.000 2.200
UltraPro MidCap400 UMDD 50,000 1,250 0.000 3.000 0.000 2.000
UltraPro QQQ TQQQ 50,000 500 1.100 4.400 0.000 2.200
UltraPro Russell2000 URTY 50,000 1,750 0.000 3.000 0.000 2.000
UltraPro S&P500 UPRO 50,000 1,250 0.000 3.000 0.000 2.000
UltraPro Short Dow30 SDOW 50,000 250 0.000 4.400 N/A N/A
UltraPro Short MidCap400 SMDD 50,000 250 0.000 3.000 N/A N/A
UltraPro Short QQQ SQQQ 50,000 250 0.000 4.400 N/A N/A
UltraPro Short Russell2000 SRTY 50,000 250 0.000 3.000 N/A N/A
UltraPro Short S&P500 SPXU 50,000 250 0.000 3.000 N/A N/A
UltraShort 20+ Year Treasury TBT 75,000 250 0.000 2.200 N/A N/A
UltraShort 3-7 Year Treasury TBZ 25,000 250 2.200 2.200 N/A N/A
UltraShort 7-10 Year Treasury PST 75,000 250 0.000 2.200 N/A N/A
UltraShort Basic Materials SMN 75,000 500 2.200 2.200 N/A N/A
UltraShort Consumer Goods SZK 75,000 500 2.200 2.200 N/A N/A
UltraShort Consumer Services SCC 75,000 500 2.200 2.200 N/A N/A
UltraShort DJ-UBS Commodity CMD 50,000 500 2.200 2.200 N/A N/A
UltraShort DJ-UBS Crude Oil SCO 50,000 500 2.200 2.200 N/A N/A
UltraShort DJ-UBS Natural Gas KOLD 50,000 500 1.000 1.000 N/A N/A
UltraShort Dow30 DXD 75,000 500 0.000 2.200 N/A N/A
UltraShort Euro EUO 50,000 500 0.000 0.000 N/A N/A
UltraShort FTSE China 25 FXP 75,000 250 0.000 2.200 N/A N/A
UltraShort Financials SKF 75,000 250 0.000 2.200 N/A N/A
UltraShort Gold GLL 50,000 500 2.200 2.200 N/A N/A
UltraShort Health Care RXD 75,000 500 0.000 2.200 N/A N/A
UltraShort Industrials SIJ 75,000 500 2.200 2.200 N/A N/A
UltraShort MSCI Brazil BZQ 50,000 250 0.000 2.200 N/A N/A
UltraShort MSCI EAFE EFU 75,000 250 0.000 2.200 N/A N/A
UltraShort MSCI Emerging Markets EEV 75,000 250 0.000 2.200 N/A N/A
UltraShort MSCI Europe EPV 50,000 500 2.200 2.200 N/A N/A
UltraShort MSCI Japan EWV 75,000 500 2.200 2.200 N/A N/A
UltraShort MSCI Mexico Investable Market SMK 50,000 250 0.000 2.200 N/A N/A
UltraShort MSCI Pacific ex-Japan JPX 50,000 500 2.200 2.200 N/A N/A
UltraShort MidCap400 MZZ 75,000 500 0.000 2.200 N/A N/A
UltraShort Nasdaq Biotechnology BIS 50,000 500 2.200 2.200 N/A N/A
UltraShort Oil & Gas DUG 75,000 250 0.000 2.200 N/A N/A
UltraShort QQQ QID 75,000 500 0.000 2.200 N/A N/A
UltraShort Real Estate SRS 75,000 250 0.000 2.200 N/A N/A
UltraShort Russell MidCap Growth SDK 75,000 500 2.200 2.200 N/A N/A
UltraShort Russell MidCap Value SJL 75,000 500 2.200 2.200 N/A N/A
UltraShort Russell1000 Growth SFK 75,000 500 2.200 2.200 N/A N/A
UltraShort Russell1000 Value SJF 75,000 500 2.200 2.200 N/A N/A
UltraShort Russell2000 TWM 75,000 500 0.000 2.200 N/A N/A
UltraShort Russell2000 Growth SKK 75,000 500 2.200 2.200 N/A N/A
UltraShort Russell2000 Value SJH 75,000 500 2.200 2.200 N/A N/A
UltraShort Russell3000 TWQ 50,000 500 2.200 2.200 N/A N/A
UltraShort S&P500 SDS 75,000 500 0.000 2.200 N/A N/A
UltraShort Semiconductors SSG 75,000 250 0.000 2.200 N/A N/A
UltraShort Silver ZSL 50,000 500 2.200 2.200 N/A N/A
UltraShort SmallCap600 SDD 75,000 500 2.200 2.200 N/A N/A
UltraShort TIPS TPS 50,000 250 1.100 3.300 N/A N/A
UltraShort Technology REW 75,000 250 0.000 2.200 N/A N/A
UltraShort Telecommunications TLL 75,000 500 2.200 2.200 N/A N/A
UltraShort Utilities SDP 75,000 500 2.200 2.200 N/A N/A
UltraShort Yen YCS 50,000 500 0.000 0.000 N/A N/A
VIX Mid-Term Futures ETF3 VIXM 25,000 0 0.000 0.000 N/A N/A
VIX Short-Term Futures ETF3 VIXY 25,000 0 0.000 0.000 N/A N/A

1 Fixed fees are applied to all transactions. In-kind Creation Units purchased or redeemed outside of the NSCC may be required to pay up to three times the NSCC Fixed Transaction Fee.

2 For Creation and Redemption orders of $15M or more, the Advisor may charge, in its sole discretion, a variable Create/Redeem fee of up to 0.50%.

3 Fixed and variable fees are not currently being charged for these funds.