Symbols

YCS

ProShares UltraShort Yen·ARCA

--(--)

Key Stats

Assets Under Management

35.62MUSD

Fund Flows (1Y)

6.38MUSD

Dividend Yield

Discount/Premium to NAV

-0.07%

Shares Outstanding

697.20K

Expense Ratio

0.95%

About ProShares UltraShort Yen

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

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.

YCS offers 2x leveraged inverse exposure to the Japanese yen/US dollar cross, providing big gains when the yen falls against the dollar. The fund is designed to be a short-term product, and rebalances its -2x exposure on a daily basis. As a result, long-term returns in YCL could diverge significantly from expected returns due to compounding effect and path dependency. Also, keep in mind that the fund's NAV is calculated according to the JPY/USD cross as published in the Wall Street Journal — a value that may differ from other quoting sources.