Symbols

UJB

ProShares Ultra High Yield·ARCA

--(--)

Key Stats

Assets Under Management

7.12MUSD

Fund Flows (1Y)

-45.88MUSD

Dividend Yield

2.61%

Discount/Premium to NAV

0.00%

Shares Outstanding

220.00K

Expense Ratio

0.95%

About ProShares Ultra High Yield

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Apr 13, 2011

Structure

Open-Ended Fund

Index Tracked

Markit iBoxx USD Liquid High Yield 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.

UJB offers a bet against high-yield bonds. The fund delivers 2x exposure of daily returns of a high-yield USD-denominated bond index that comprises issues ranging between 3 and 15 years to maturity. However, the daily reset will prevent the inverse relationship from holding true for more than one day. As a levered product with 2x factor, UJB is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. Over longer periods, returns can vary significantly from 2x exposure to its underlying index. Holding it for a period longer will introduce the effects of compounding, even if this is less pronounced in a non-leveraged product.