For non-U.S. residents and their intermediaries: This fund is exempt from IRC Section 1446(f) tax withholding on publicly traded partnerships (PTPs). Click here for the Qualified Notice.
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UGL

Ultra Gold

Investment Objective

ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold SubindexSM.

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Important Considerations

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”).

While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance.

For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target.

The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Common uses for magnified exposure

  • Seeking magnified gains (will also magnify losses)

  • Getting a target level of exposure for less cash

  • Overweighting a market segment without additional cash

Documents & Downloads
Fund Fact Sheet
This links to a pdf file This link opens a new window
ProShares Trust II Prospectus
This links to a pdf file This link opens a new window
Trust II Annual Report
This links to a pdf file This link opens a new window
NAV History
This links to a pdf file This link opens a new window
Monthly Account Statements

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

30 Day Daily Return

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 11/30/2024
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
UGL Market Price -6.74% 10.72% 23.93% 50.75% 52.97% 19.45% 15.89% 9.56% 8.79% 12/01/2008
UGL NAV -6.94% 10.46% 24.09% 51.12% 53.69% 19.72% 16.06% 9.90% 8.81% 12/01/2008

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    UGL
  • Intraday Ticker
    UGL.IV
  • CUSIP
    74347W601
  • Inception Date
    12/1/08
  • NAV Calculation Time
    1:30 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 12/20/2024
  • NAV
    $93.68
  • NAV Change
    $+2.59 up caret
  • Market Price
    $93.56
  • Market Price Change
    $+2.23 up caret
  • Trading Volume (M)
    237,151
  • 30-Day Median Bid Ask Spread
    0.11%
  • View Premium / Discount
Snapshot
  • Ticker
    UGL
  • Intraday Ticker
    UGL.IV
  • CUSIP
    74347W601
  • Inception Date
    12/1/08
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
  • NAV Calculation Time
    1:30 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 12/20/2024
  • NAV
    $93.68
  • NAV Change
    $+2.59 up caret
  • Market Price
    $93.56
  • Market Price Change
    $+2.23 up caret
  • Trading Volume (M)
    237,151
  • 30-Day Median Bid Ask Spread
    0.11%
  • View Premium / Discount

Holdings

as of 12/20/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
89.52% -- GOLD 100 OZ FUTR FEB25 264,245,490 -- 999 --
47.42% -- BLOOMBERG GOLD SUBINDEX SWAP - CITIBANK NA 139,956,928 -- 553,738 --
40.49% -- BLOOMBERG GOLD SUBINDEX SWAP - UBS AG 119,514,976 -- 472,860 --
22.52% -- BLOOMBERG GOLD SUBINDEX SWAP - GOLDMAN SACHS 66,475,114 -- 263,008 --
-- -- NET OTHER ASSETS / CASH -- $295,169,211.08 295,169,211 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

About the Index

The Bloomberg Gold SubindexSM, a subindex of the Bloomberg Commodity Index, is intended to reflect the performance of gold as measured by the price of COMEX gold futures contracts.

It is a "rolling index," which means that it does not take physical possession of any commodities. The roll occurs over a period of five business days in certain months according to a pre-determined schedule, generally beginning on the sixth business day of the month and ending on the tenth business day. Each day, approximately 20% of each rolling futures position that is included in the month's roll is rolled, increasing from 0% to 20%, 40%, 60%, 80% and finally 100%.

The Gold Subindex will reflect the performance of its underlying COMEX gold futures contracts, including the impact of rolling, without regard to income earned on cash positions.

Distributions

Portfolio Hedging Series

Part I: The Significance of Portfolio Hedging

Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market.
Read More

Part II: Strategies for Hedging Your Portfolio

Part III: The Efficacy of Hedging with Inverse ETFs
Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Expense ratio does not include brokerage commissions and related fees paid by the fund.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

This fund generates a K-1 tax form.

The price of gold is volatile and may be affected by large institutional purchases or sales, indirect investment in gold and silver, industrial usage, and political and economic concerns.

Certain derivative instruments will subject the fund to counterparty risk and credit risk, which could result in significant losses for the fund.

ProShares Trust II is a commodity pool as defined in the Commodity Exchange Act and the applicable regulations of the CFTC. ProShare Capital Management LLC is the Trust Sponsor and commodity pool operator (CPO). The Sponsor is registered as a CPO with the CFTC, and is a member of the NFA. Neither this ETF nor ProShares Trust II is an investment company regulated under the Investment Company Act of 1940 and neither is afforded its protections.

"Bloomberg®" and "Bloomberg Gold SubindexSM" are trademarks or service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by ProShares. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with ProShares. ProShares have not been passed on by Bloomberg or UBS as to their legality or suitability. ProShares based on the Bloomberg Gold Subindex are not sponsored, endorsed, sold or promoted by Bloomberg or UBS, and they make no representation regarding the advisability of investing in ProShares. BLOOMBERG AND UBS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Gold Subindex.

Investing in ETFs involves a substantial risk of loss.

This information must be accompanied or preceded by a current ProShares Trust II prospectus.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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