Key stats
About ProShares UltraShort Utilities
Expense ratio
0.95%
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Inception date
Jan 30, 2007
ISIN
US74347G7218
SDP provides -2x leveraged exposure to the S&P Utilities Select Sector Index, a market cap-weighted index of US utilities companies drawn exclusively from the S&P 500. The index includes the following GICS industries: electric, gas, water, and multi-utilities, independent power, and renewable electricity producers. SDP is designed as a short-term trading vehicle, not a long-term investment. It holds swap agreements and resets on a daily basis. As a result, compounding and path dependency make long-term returns difficult to predict when compared with the performance of its underlying index. Prior to March 20, 2023, the fund tracked the Dow Jones US Utilities Index.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%