Symbols

UPV

ProShares Ultra FTSE Europe·NYSE

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Key Stats

Assets Under Management

10.43MUSD

Fund Flows (1Y)

-497.80KUSD

Dividend Yield

2.49%

Discount/Premium to NAV

0.11%

Shares Outstanding

115.00K

Expense Ratio

0.95%

About ProShares Ultra FTSE Europe

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Apr 27, 2010

Structure

Open-Ended Fund

Index Tracked

FTSE Developed Europe All Cap 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.

UPV is designed to be used as a tactical tool to make a 1-day 2x bet on developed Europe equities. The fund specifically tracks the daily performance of the FTSE Developed Europe All Cap Index, a broad, market-cap-weighted index of securities from Europe's developed markets. As a geared product with daily resets, UPV is not a buy-and-hold ETF. As a result, long-term returns can vary significantly from those of the underlying index due to daily compounding. The fund made a minor tweak to its exposure on September 1, 2016 by changing its underlying index to an all-cap version, thereby expanding coverage into the small-cap space.