Symbols

UPRO

ProShares UltraPro S&P500·ARCA

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Key Stats

Assets Under Management

4.84BUSD

Fund Flows (1Y)

-1.26BUSD

Dividend Yield

0.81%

Discount/Premium to NAV

-0.29%

Shares Outstanding

40.10M

Expense Ratio

0.89%

About ProShares UltraPro S&P500

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Jun 23, 2009

Structure

Open-Ended Fund

Index Tracked

S&P 500

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.

UPRO, as a leveraged product, is not a buy-and-hold ETF, it's a short-term tactical instrument. Like many leveraged funds, it delivers its 3x exposure only over a one-day holding period. Over longer periods, returns can vary significantly from its headline 3x exposure to the S&P 500. The 500 underlying companies are some of the most well-known firms in the world. As a short-term instrument, the total cost of owning UPRO is more dependent on liquidity than management costs, knowledge of the benefits, risks and pitfalls of geared products is paramount.