YCL
ProShares Ultra Yen·ARCA
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Key Stats
Assets Under Management
48.12MUSD
Fund Flows (1Y)
-7.18MUSD
Dividend Yield
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Discount/Premium to NAV
-0.05%
Shares Outstanding
2.50M
Expense Ratio
0.95%
About ProShares Ultra Yen
Issuer
ProShare Advisors
Brand
ProShares
Inception Date
Nov 24, 2008
Structure
Commodities Pool
Index Tracked
JPY/USD Exchange Rate
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.
YCL offers a bullish one-day bet on the Japanese yen/US dollar cross rate, designed to gain big when the yen appreciates against the greenback. The fund rebalances its 2x exposure on a daily basis, so over the long term, returns in YCL could diverge significantly from expected returns due to compounding effects. Unlike most geared funds, YCL gains its leveraged exposure through futures and forward contracts, as opposed to swap agreements. Therefore, the fund is structured as a commodities pool and it distributes K-1 forms. Furthermore, YCL's taxation on sale of shares is blended, with 60% of gains taxed at the long-term rate, and 40% of gains taxed as ordinary income, regardless of holding period. It is also worth noting that the implementation of Abenomics in 2012 negatively affected the performance of Japanese yen relative to the US dollar.
Classification
Asset Class
Currency
Category
Pair
Focus
Long JPY, Short USD
Niche
Derivative
Strategy
Vanilla
Geography
Japan
Weighting Scheme
Single Asset
Selection Criteria
Single asset
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -1.36% | -5.14% | -1.00% | -12.37% | -43.91% | -67.18% |
NAV Total Return | -1.05% | -6.49% | -0.84% | -12.82% | -43.66% | -67.18% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
YEN/US DOLLAR FORWARD - GOLDMAN SACHS
107.40%
YEN/US DOLLAR FORWARD - UBS
92.97%
Top 10 Weight 200.37%
2 Total Holdings
Is SPY better than YCL?
Dividends
No data is currently available
How Much Does YCL Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy YCL?
Fund Flows
