Symbols

SRS

ProShares UltraShort Real Estate·NYSE

--(--)

Key Stats

Assets Under Management

19.57MUSD

Fund Flows (1Y)

-2.92MUSD

Dividend Yield

3.89%

Discount/Premium to NAV

0.06%

Shares Outstanding

427.90K

Expense Ratio

0.95%

About ProShares UltraShort Real Estate

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Jan 30, 2007

Structure

Open-Ended Fund

Index Tracked

Real Estate Select Sector 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.

SRS provides -2x exposure to the S&P Real Estate Select Sector Index — a market cap-weighted index of US real estate companies, as classified by S&P Dow Jones. Naturally, the index is dominated by REITs, although non-REIT real estate firms are also included. The fund is designed to be a trading vehicle, not a long-term investment. Additionally, SRS rebalances its exposure on a daily basis. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with a beta-1 fund tracking the same index, such as IYR. The index undergoes annual reconstitution and quarterly review. Prior to March 17, 2023, the fund tracked the Dow Jones US Real Estate Index.