Symbols

AGQ

ProShares Ultra Silver·ARCA

--(--)

Key Stats

Assets Under Management

2.21BUSD

Fund Flows (1Y)

-210.42MUSD

Dividend Yield

Discount/Premium to NAV

5.06%

Shares Outstanding

13.50M

Expense Ratio

0.95%

About ProShares Ultra Silver

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Dec 1, 2008

Structure

Commodities Pool

Index Tracked

Bloomberg Silver Subindex

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

No distributions

Income Tax Type

60/40

Max ST Capital Gains Rate

27.84%

Max LT Capital Gains Rate

27.84%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

AGQ is a 2x leveraged single-day bet on the spot price of silver, as measured by the price of COMEX silver futures contracts. Instead of utilizing swaps like most geared funds, AGQ invests in silver futures and forward contracts, which means that the fund is structured as a commodities pool, thus it will distribute a K-1 form. Contracts follow a fixed schedule, the index rolls into contracts two months from maturity in February, April, and June, and three months from maturity in August and November. The index continues tracking each contract until shortly before expiration. AGQ is not a buy-and-hold ETF and holding cost is less important, considering the fund is designed to be held for very short periods.