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UYG

Ultra Financials

Investment Objective

ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Financial Select Sector Index.

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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
Annual Report
This links to a pdf file This link opens a new window
Semi 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

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

Performance

Daily Return during Q2 2024

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 3/31/2024
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
UYG Market Price 9.73% 23.84% 57.18% 23.84% 62.98% 11.39% 13.16% 14.28% -1.99% 01/30/2007
UYG NAV 9.08% 23.84% 57.22% 23.84% 62.85% 11.39% 13.13% 14.27% -2.00% 01/30/2007

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
    UYG
  • Intraday Ticker
    UYG.IV
  • CUSIP
    74347X633
  • Inception Date
    1/30/07
  • Gross Expense Ratio
    0.95%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 5/08/2024
  • NAV
    $65.21
  • NAV Change
    $+0.50 up caret
  • Market Price
    $65.25
  • Market Price Change
    $+0.53 up caret
  • Trading Volume (M)
    12,515
  • 30-Day Median Bid Ask Spread
    0.06%
  • View Premium / Discount
Snapshot
  • Ticker
    UYG
  • Intraday Ticker
    UYG.IV
  • CUSIP
    74347X633
  • Inception Date
    1/30/07
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 5/08/2024
  • NAV
    $65.21
  • NAV Change
    $+0.50 up caret
  • Market Price
    $65.25
  • Market Price Change
    $+0.53 up caret
  • Trading Volume (M)
    12,515
  • 30-Day Median Bid Ask Spread
    0.06%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/24.

Exposures

Index as of 3/28/2024

Holdings

as of 5/08/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
49.72% -- FINANCIAL SELECT SECTOR INDEX SWAP BNP PARIBAS 335,849,024 -- 659,122 --
36.66% -- FINANCIAL SELECT SECTOR INDEX SWAP GOLDMAN SACHS INTERNATIONAL 247,641,026 -- 486,009 --
22.38% -- FINANCIAL SELECT SECTOR INDEX SWAP UBS AG 151,169,818 -- 296,679 --
11.60% -- FINANCIAL SELECT SECTOR INDEX SWAP CITIBANK NA 78,365,214 -- 153,796 --
10.61% -- FINANCIAL SELECT SECTOR INDEX SWAP BANK OF AMERICA NA 71,649,477 -- 140,616 --
8.58% -- FINANCIAL SELECT SECTOR INDEX SWAP SOCIETE GENERALE 57,930,112 -- 113,691 --
7.72% BRK/B BERKSHIRE HATHAWAY INC-CL B -- $52,164,091.42 128,366 2073390
5.91% JPM JPMORGAN CHASE & CO -- $39,906,730.50 203,970 2190385
4.58% V VISA INC-CLASS A SHARES -- $30,930,523.34 111,586 B2PZN04
3.92% MA MASTERCARD INC - A -- $26,471,252.16 58,208 B121557
2.71% BAC BANK OF AMERICA CORP -- $18,317,821.05 485,755 2295677
2.30% WFC WELLS FARGO & CO -- $15,547,031.76 253,912 2649100
1.52% GS GOLDMAN SACHS GROUP INC -- $10,283,425.60 23,008 2407966
1.44% SPGI S&P GLOBAL INC -- $9,730,190.70 22,670 BYV2325
1.41% AXP AMERICAN EXPRESS CO -- $9,531,339.04 40,346 2026082
1.32% PGR PROGRESSIVE CORP -- $8,915,374.60 41,294 2705024
1.28% -- FINANCIAL SELECT SECTOR INDEX SWAP BARCLAYS CAPITAL 8,638,741 -- 16,954 --
1.25% MS MORGAN STANLEY -- $8,453,237.04 88,386 2262314
1.25% C CITIGROUP INC -- $8,425,442.50 134,270 2297907
1.19% SCHW SCHWAB (CHARLES) CORP -- $8,021,847.20 104,998 2779397
1.14% BLK BLACKROCK INC -- $7,679,003.78 9,866 2494504
1.07% CB CHUBB LTD -- $7,194,604.96 28,592 B3BQMF6
1.05% MMC MARSH & MCLENNAN COS -- $7,067,016.08 34,712 2567741
0.96% FI FISERV INC -- $6,490,911.76 42,344 2342034
0.90% BX BLACKSTONE INC -- $6,080,089.60 50,752 BKF2SL7
0.80% ICE INTERCONTINENTAL EXCHANGE IN -- $5,388,689.22 40,398 BFSSDS9
0.80% CME CME GROUP INC -- $5,380,947.84 25,401 2965839
0.71% PYPL PAYPAL HOLDINGS INC -- $4,824,929.34 75,614 BYW36M8
0.68% USB US BANCORP -- $4,579,688.19 109,851 2736035
0.65% PNC PNC FINANCIAL SERVICES GROUP -- $4,414,456.80 28,080 2692665
0.65% MCO MOODY'S CORP -- $4,396,517.76 11,104 2252058
0.59% AON AON PLC-CLASS A -- $4,008,816.25 14,125 BLP1HW5
0.59% AIG AMERICAN INTERNATIONAL GROUP -- $3,956,871.81 49,529 2027342
0.57% COF CAPITAL ONE FINANCIAL CORP -- $3,833,414.37 26,839 2654461
0.55% AJG ARTHUR J GALLAGHER & CO -- $3,747,182.94 15,294 2359506
0.55% TFC TRUIST FINANCIAL CORP -- $3,706,599.00 94,100 BKP7287
0.52% TRV TRAVELERS COS INC/THE -- $3,499,174.00 16,100 2769503
0.47% ALL ALLSTATE CORP -- $3,153,585.60 18,520 2019952
0.47% AFL AFLAC INC -- $3,150,586.20 37,140 2026361
0.46% MET METLIFE INC -- $3,103,522.94 43,309 2573209
0.46% FIS FIDELITY NATIONAL INFO SERV -- $3,095,512.15 41,803 2769796
0.46% BK BANK OF NEW YORK MELLON CORP -- $3,080,983.23 53,573 B1Z77F6
0.45% AMP AMERIPRISE FINANCIAL INC -- $3,011,821.74 7,071 B0J7D57
0.44% PRU PRUDENTIAL FINANCIAL INC -- $2,972,094.30 25,470 2819118
0.39% MSCI MSCI INC -- $2,626,314.25 5,579 B2972D2
0.38% ACGL ARCH CAPITAL GROUP LTD -- $2,589,591.68 26,176 2740542
0.32% DFS DISCOVER FINANCIAL SERVICES -- $2,180,021.94 17,642 B1YLC43
0.31% HIG HARTFORD FINANCIAL SVCS GRP -- $2,099,161.12 21,059 2476193
0.30% GPN GLOBAL PAYMENTS INC -- $2,040,394.32 18,372 2712013
0.27% FITB FIFTH THIRD BANCORP -- $1,849,194.88 48,056 2336747
0.27% WTW WILLIS TOWERS WATSON PLC -- $1,830,671.52 7,237 BDB6Q21
0.26% MTB M & T BANK CORP -- $1,773,220.98 11,723 2340168
0.26% TROW T ROWE PRICE GROUP INC -- $1,761,096.04 15,796 2702337
0.25% RJF RAYMOND JAMES FINANCIAL INC -- $1,664,434.20 13,273 2718992
0.24% NDAQ NASDAQ INC -- $1,606,187.10 26,810 2965107
0.24% STT STATE STREET CORP -- $1,604,541.96 21,303 2842040
0.23% -- CORPAY INC -- $1,551,123.00 5,094 BMX5GK7
0.21% HBAN HUNTINGTON BANCSHARES INC -- $1,435,671.15 102,183 2445966
0.21% BRO BROWN & BROWN INC -- $1,413,358.65 16,665 2692687
0.20% CBOE CBOE GLOBAL MARKETS INC -- $1,381,418.50 7,447 B5834C5
0.19% SYF SYNCHRONY FINANCIAL -- $1,309,143.83 28,703 BP96PS6
0.19% CINF CINCINNATI FINANCIAL CORP -- $1,300,765.44 11,076 2196888
0.19% RF REGIONS FINANCIAL CORP -- $1,286,850.60 65,190 B01R311
0.19% PFG PRINCIPAL FINANCIAL GROUP -- $1,284,115.50 15,475 2803014
0.18% NTRS NORTHERN TRUST CORP -- $1,239,092.64 14,472 2648668
0.18% CFG CITIZENS FINANCIAL GROUP -- $1,182,503.35 32,893 BQRX1X3
0.17% EG EVEREST GROUP LTD -- $1,166,530.14 3,062 2556868
0.17% FDS FACTSET RESEARCH SYSTEMS INC -- $1,165,889.30 2,687 2329770
0.17% WRB WR BERKLEY CORP -- $1,123,329.44 14,299 2093644
0.15% L LOEWS CORP -- $993,665.43 12,853 2523022
0.15% KEY KEYCORP -- $992,476.54 66,077 2490911
0.13% JKHY JACK HENRY & ASSOCIATES INC -- $851,629.37 5,143 2469193
0.10% AIZ ASSURANT INC -- $647,019.10 3,665 2331430
0.08% MKTX MARKETAXESS HOLDINGS INC -- $540,709.54 2,674 B03Q9D0
0.08% GL GLOBE LIFE INC -- $540,698.58 6,042 BK6YKG1
0.07% CMA COMERICA INC -- $501,461.16 9,307 2212870
0.07% BEN FRANKLIN RESOURCES INC -- $497,189.00 21,175 2350684
0.07% IVZ INVESCO LTD -- $475,407.85 31,715 B28XP76
-- -- TREASURY BILL -- $64,139,860.20 65,000,000 BRYQ9Y9
-- -- NET OTHER ASSETS (LIABILITIES) -- $210,371,355.43 210,371,355 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 3/28/2024

  • Total Number of Companies71
  • Price/Earnings Ratio17.189
  • Price/Book Ratio2.175
  • Dividend Yield ( % )1.59
  • Avg. Index Market Capitalization$87.18 billion
About the Index

The Index represents the financials sector of the S&P 500 Index (“S&P 500”). The Index is one of eleven S&P Select Sector Indices, each designed to measure the performance of a sector of the S&P 500. The Index includes equity securities of companies from the following Global Industry Classification Standard (GICS®) industries: banks; thrifts & mortgage finance; diversified financial services; consumer finance; capital markets; mortgage real estate investment trusts (REITs); and insurance.

Distributions

For

2024
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

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.

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.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

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.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

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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