Symbols

XPP

ProShares Ultra FTSE China 50·ARCA

--(--)

Key Stats

Assets Under Management

11.67MUSD

Fund Flow (1Y)

-6.10MUSD

Dividend Yield

2.80%

Discount / Premium to NAV

0.04%

Shares Outstanding

535.00K

Expense Ratio

0.95%

About ProShares Ultra FTSE China 50

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/leveraged-and-inverse/xpp

Inception Date

Jun 2, 2009

Structure

Open-Ended Fund

Index Tracked

FTSE China 50 Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

XPP is a leveraged play on Chinese large-caps, aiming for 2x the daily returns of the popular FTSE China 50 Index, which is also tracked by the huge iShares China Large-Cap ETF (FXI). The index targets the largest Chinese companies traded in Hong Kong, meaning XPP is mostly a bet on China's state-owned enterprises. Exposure to financials is particularly massive here. Since the fund rebalances its leverage on a daily basis, actual returns can significantly deviate from expected returns over the long term due to compounding effects, so XPP is meant as a short-term trading vehicle.