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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$58.39

$18.8 M

2.28%

$1.33

0.35%

Vitals

YTD Return

9.6%

1 yr return

16.8%

3 Yr Avg Return

9.0%

5 Yr Avg Return

9.7%

Net Assets

$18.8 M

Holdings in Top 10

29.5%

52 WEEK LOW AND HIGH

$58.2
$47.20
$62.02

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$58.39

$18.8 M

2.28%

$1.33

0.35%

EQRR - Profile

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return 9.0%
  • 5 Yr Annualized Total Return 9.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ProShares Equities for Rising Rates ETF
  • Fund Family Name
    ProShares Trust
  • Inception Date
    Jul 24, 2017
  • Shares Outstanding
    1930001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Neches

Fund Description

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index.The Index is constructed and maintained by Nasdaq Inc. (the “Index Provider). The component securities of the Index are selected by the Index Provider from a universe (the “Universe”) of the 500 largest companies (based on market capitalization) listed on U.S. stock exchanges. The Index consists of 50 companies whose stock prices historically have tended to outperform the Universe during periods of rising interest rates. For these purposes, “interest rates” are 10-year U.S. Treasury yields. On a quarterly basis, the Index selects the five most interest rate sensitive industry sectors in the Universe. A sector’s interest rate sensitivity is based on the correlation of weekly sector performance to weekly percentage changes in 10-year U.S. Treasury yields over the prior three-year period. The highest correlated sector receives a 30% weight in the Index; 2nd highest: 25%; 3rd highest: 20%; 4th highest: 15%; 5th highest: 10%. Within each of these five sectors, 10 stocks are selected for inclusion in the Index. The stocks selected exhibit the strongest correlation of over (and under) performance (compared to the Universe) to increases (and decreases) in 10-year U.S. Treasury yields based on weekly observations over the past three-years. If there are less than 10 stocks in any of the selected large-cap sectors, top-ranked mid-cap stocks are selected until there are 10 securities in each sector. Within each of the five sectors, stocks are equally weighted. The Index is rebalanced quarterly in March, June, September and December. The stocks included in the Index must meet certain capitalization and liquidity requirements. Factors such as the general performance of the U.S. equity market may have a much greater influence on the performance of the Index (and as a result the Fund) than changes in interest rates. While the Index is designed to provide relative outperformance as compared to the Universe during periods of rising interest rates, it is likely to underperform during periods of falling interest rates. The Index historically has been more volatile than an investment in a traditional market-cap weighted large-cap equity index. The Index is published under the Bloomberg ticker symbol “NQERRT”.Under normal circumstances, the Fund will invest at least 80% of its total assets in component securities of the Index or in instruments with similar economiccharacteristics.The Fund will invest principally in the financial instruments listed below.Equity Securities — Common stock issued by public companies.ProShare Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective. The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. The Fund will generally use a “replication strategy” to achieve its investment objective, meaning that it will invest in all of the component securities of the Index in approximately the same proportion as the Index. However, the Fund may also use a “representative sampling” strategy to invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of the Index. For example, the Fund may utilize a representative sampling strategy when the Advisor believes a replication strategy might be detrimental or disadvantageous to shareholders, such as when buying each security in an Index is impracticable or inefficient, or when there are practical difficulties or additional costs involved in replicating an Index. The Fund also may use representative sampling if the Advisor believes one or more securities in the Index becomes illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to theFund.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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EQRR - Performance

Return Ranking - Trailing

Period EQRR Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -3.3% 43.4% 50.95%
1 Yr 16.8% -8.7% 49.7% 36.13%
3 Yr 9.0%* -4.5% 31.7% 17.53%
5 Yr 9.7%* 0.1% 43.7% 52.96%
10 Yr N/A* 1.2% 24.4% 69.94%

* Annualized

Return Ranking - Calendar

Period EQRR Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -16.9% 46.1% 47.83%
2022 -0.2% -64.7% 4.6% 1.01%
2021 33.7% -44.2% 57.5% 1.51%
2020 -12.6% -23.2% 285.0% 96.91%
2019 17.0% -21.4% 48.5% 67.13%

Total Return Ranking - Trailing

Period EQRR Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -3.3% 43.4% 50.95%
1 Yr 16.8% -8.7% 49.7% 36.13%
3 Yr 9.0%* -4.5% 31.7% 17.53%
5 Yr 9.7%* 0.1% 43.7% 52.96%
10 Yr N/A* 1.2% 24.4% N/A

* Annualized

Total Return Ranking - Calendar

Period EQRR Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -15.9% 46.7% 65.55%
2022 2.3% -42.0% 8.5% 3.57%
2021 36.1% 3.6% 129.7% 1.60%
2020 -10.2% -22.6% 304.8% 99.03%
2019 19.6% -12.7% 52.1% 95.22%

EQRR - Holdings

Concentration Analysis

EQRR Category Low Category High EQRR % Rank
Net Assets 18.8 M 1.83 M 163 B 96.93%
Number of Holdings 55 2 1683 75.11%
Net Assets in Top 10 5.54 M 435 K 38.9 B 96.93%
Weighting of Top 10 29.51% 4.7% 98.8% 40.92%

Top 10 Holdings

  1. Diamondback Energy, Inc. 3.34%
  2. Marathon Petroleum Corp. 3.23%
  3. Valero Energy Corp. 3.08%
  4. Pioneer Natural Resources Co. 2.96%
  5. Exxon Mobil Corp. 2.96%
  6. Hess Corp. 2.87%
  7. Marathon Oil Corp. 2.85%
  8. LPL Financial Holdings, Inc. 2.78%
  9. ConocoPhillips 2.75%
  10. EOG Resources, Inc. 2.68%

Asset Allocation

Weighting Return Low Return High EQRR % Rank
Stocks
99.73% 2.48% 108.67% 7.94%
Cash
0.26% 0.00% 20.27% 88.73%
Other
0.01% -1.68% 42.55% 26.78%
Preferred Stocks
0.00% 0.00% 14.68% 87.47%
Convertible Bonds
0.00% 0.00% 3.66% 87.50%
Bonds
0.00% -1.92% 77.58% 87.38%

Stock Sector Breakdown

Weighting Return Low Return High EQRR % Rank
Financial Services
31.11% 0.00% 58.05% 2.55%
Energy
29.37% 0.00% 54.00% 0.27%
Basic Materials
17.59% 0.00% 21.69% 0.45%
Industrials
11.03% 0.00% 42.76% 55.14%
Consumer Cyclical
8.44% 0.00% 22.74% 19.47%
Technology
1.55% 0.00% 54.02% 98.00%
Communication Services
0.91% 0.00% 26.58% 94.90%
Utilities
0.00% 0.00% 27.04% 97.73%
Real Estate
0.00% 0.00% 90.54% 98.36%
Healthcare
0.00% 0.00% 30.08% 100.00%
Consumer Defense
0.00% 0.00% 34.10% 99.91%

Stock Geographic Breakdown

Weighting Return Low Return High EQRR % Rank
US
99.73% 2.48% 108.67% 7.75%
Non US
0.00% 0.00% 26.07% 89.72%

EQRR - Expenses

Operational Fees

EQRR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.03% 14.82% 93.12%
Management Fee 0.35% 0.00% 1.50% 12.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

EQRR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

EQRR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EQRR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 488.00% 79.65%

EQRR - Distributions

Dividend Yield Analysis

EQRR Category Low Category High EQRR % Rank
Dividend Yield 2.28% 0.00% 16.67% 50.99%

Dividend Distribution Analysis

EQRR Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

EQRR Category Low Category High EQRR % Rank
Net Income Ratio 2.31% -1.51% 4.28% 8.12%

Capital Gain Distribution Analysis

EQRR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

EQRR - Fund Manager Analysis

Managers

Michael Neches


Start Date

Tenure

Tenure Rank

Jul 24, 2017

4.85

4.9%

Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.

Devin Sullivan


Start Date

Tenure

Tenure Rank

Apr 30, 2018

4.09

4.1%

Devin Sullivan is Portfolio Manager at ProShare Advisors since September 2016 and Associate Portfolio Manager from December 2011 to August 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 7.96 6.71