Symbols

FXP

ProShares UltraShort FTSE China 50·NYSE

--(--)

Key Stats

Assets Under Management

5.97MUSD

Fund Flows (1Y)

1.40MUSD

Dividend Yield

10.44%

Discount/Premium to NAV

-0.06%

Shares Outstanding

355.90K

Expense Ratio

0.95%

About ProShares UltraShort FTSE China 50

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Nov 6, 2007

Structure

Open-Ended Fund

Index Tracked

FTSE China 50 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.

FXP provides daily (-2x) inverse leveraged exposure to the popular FTSE China 50 Index the same index used by one of the most popular China ETFs, iShares' FXI. FXP's underlying index is heavily exposed to financials, energy and telecom companies, making the fund somewhat of a bet against these sectors that are dominated by state-owned enterprises, and somewhat less against a bet against the Chinese market overall. FXP rebalances its exposure on a daily basis, so the fund is meant for short-term trading over longer holding periods compounding effects could significantly impact the fund's targeted returns.