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Trending ETFs

Name

As of 07/10/2024

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

$23.10

$32.8 M

1.42%

$0.33

1.39%

Vitals

YTD Return

-6.9%

1 yr return

4.5%

3 Yr Avg Return

-8.8%

5 Yr Avg Return

4.5%

Net Assets

$32.8 M

Holdings in Top 10

22.0%

52 WEEK LOW AND HIGH

$22.6
$16.47
$26.00

Expenses

OPERATING FEES

Expense Ratio 1.39%

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 07/10/2024

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

$23.10

$32.8 M

1.42%

$0.33

1.39%

SAA - Profile

Distributions

  • YTD Total Return -6.9%
  • 3 Yr Annualized Total Return -8.8%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.11%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ProShares Ultra SmallCap600
  • Fund Family Name
    ProShares Trust
  • Inception Date
    Jan 25, 2007
  • Shares Outstanding
    1325000
  • 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 produce daily returns consistent with the Daily Target.The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of small-cap company U.S. stock market performance. It is a market capitalization-weighted index of 600 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The Index is published under the Bloomberg ticker symbol “SML.”Under normal circumstances, the Fund will obtain leveraged exposure to at least 80% of its total assets in component securities of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.Equity Securities — Common stock issued by public companies.Derivatives — Financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, ETFs, interest rates or indexes. These derivatives principally include:Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard swap transaction, two parties agree to exchange or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.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 daily returns consistent with the Daily Target. For these purposes a day is measured from the time of one net asset value (“NAV”) calculation to the next.The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide leveraged exposure consistent with the investment objective, without regard to market conditions, trends or direction. However,the Fund may invest in or gain exposure toonly 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 leveraged exposure consistent with the investmentobjective.The Fund seeks to rebalance its portfolio each day so that its exposure to the Index is consistent with the Daily Target. The Index’s movements during the day will affect whether the Fund’s portfolio needs to be rebalanced. For example, if the Index has risen on a given day, net assets of the Fund should rise (assuming there were no Creation Unit redemptions). As a result, the Fund’s exposure will need to be increased. Conversely, if the Index has fallen on a given day, net assets of the Fund should fall (assuming there were no Creation Unitsissued). As a result, the Fund’s exposure will need to be decreased.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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SAA - Performance

Return Ranking - Trailing

Period SAA Return Category Return Low Category Return High Rank in Category (%)
YTD -6.9% -40.2% 199.6% 91.77%
1 Yr 4.5% -32.6% 289.2% 85.44%
3 Yr -8.8%* -57.4% 67.7% 73.42%
5 Yr 4.5%* -43.7% 73.3% 60.26%
10 Yr 8.5%* -48.0% 48.5% 48.91%

* Annualized

Return Ranking - Calendar

Period SAA Return Category Return Low Category Return High Rank in Category (%)
2023 20.2% -56.9% 257.9% 61.39%
2022 -36.5% -91.0% 124.5% 41.77%
2021 51.8% -79.4% 168.2% 25.32%
2020 -1.8% -97.4% 132.6% 67.72%
2019 41.8% -53.1% 229.8% 60.26%

Total Return Ranking - Trailing

Period SAA Return Category Return Low Category Return High Rank in Category (%)
YTD -6.9% -40.2% 199.6% 91.77%
1 Yr 4.5% -32.6% 289.2% 85.44%
3 Yr -8.8%* -57.4% 67.7% 73.42%
5 Yr 4.5%* -43.7% 73.3% 60.26%
10 Yr 8.5%* -48.0% 48.5% 48.91%

* Annualized

Total Return Ranking - Calendar

Period SAA Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -55.8% 259.6% 60.76%
2022 -36.2% -91.0% 130.7% 44.30%
2021 51.8% -79.4% 168.2% 33.54%
2020 -1.8% -97.4% 132.6% 70.25%
2019 42.4% -52.7% 231.9% 61.54%

SAA - Holdings

Concentration Analysis

SAA Category Low Category High SAA % Rank
Net Assets 32.8 M 2.15 M 22.2 B 59.28%
Number of Holdings 613 5 1975 6.79%
Net Assets in Top 10 7.32 M 1.27 M 8.6 B 71.60%
Weighting of Top 10 22.01% 14.0% 126.7% 98.15%

Top 10 Holdings

  1. Repurchase Agreement 9.46%
  2. Repurchase Agreement 3.93%
  3. Repurchase Agreement 2.74%
  4. Repurchase Agreement 1.57%
  5. Total Return Swap 1.05%
  6. Total Return Swap 0.81%
  7. INVESCO GOVERNMENT AGENCY PORTFOLIO OPEN-END FUND USD 0.72%
  8. Total Return Swap 0.63%
  9. Total Return Swap 0.57%
  10. Fabrinet 0.53%

Asset Allocation

Weighting Return Low Return High SAA % Rank
Stocks
76.27% 0.00% 126.03% 33.95%
Other
21.45% -16.80% 99.73% 32.72%
Cash
2.28% 0.00% 98.70% 56.79%
Preferred Stocks
0.00% 0.00% 2.75% 16.67%
Convertible Bonds
0.00% 0.00% 0.32% 24.07%
Bonds
0.00% 0.00% 44.37% 30.25%

Stock Sector Breakdown

Weighting Return Low Return High SAA % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 100.00% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 52.46% N/A
Consumer Cyclical
0.00% 0.00% 94.15% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High SAA % Rank
US
76.27% 0.00% 126.03% 33.95%
Non US
0.00% 0.00% 20.00% 16.05%

SAA - Expenses

Operational Fees

SAA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.68% 8.96% 69.62%
Management Fee 0.75% 0.00% 0.95% 14.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

SAA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SAA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

SAA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 266.00% 30.83%

SAA - Distributions

Dividend Yield Analysis

SAA Category Low Category High SAA % Rank
Dividend Yield 1.42% 0.00% 18.26% 35.33%

Dividend Distribution Analysis

SAA Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annual

Net Income Ratio Analysis

SAA Category Low Category High SAA % Rank
Net Income Ratio -0.11% -2.77% 2.92% 24.68%

Capital Gain Distribution Analysis

SAA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SAA - Fund Manager Analysis

Managers

Michael Neches


Start Date

Tenure

Tenure Rank

Oct 01, 2013

8.67

8.7%

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
1.79 28.9 9.84 8.67