Key stats
About ProShares Ultra Yen
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Inception date
Nov 24, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
ISIN
US74347W2706
YCL offers a bullish one-day bet on the Japanese yen/US dollar cross rate, designed to gain big when the yen appreciates against the greenback. The fund rebalances its 2x exposure on a daily basis, so over the long term, returns in YCL could diverge significantly from expected returns due to compounding effects. Unlike most geared funds, YCL gains its leveraged exposure through futures and forward contracts, as opposed to swap agreements. Therefore, the fund is structured as a commodities pool and it distributes K-1 forms. Furthermore, YCLs taxation on sale of shares is blended, with 60% of gains taxed at the long-term rate, and 40% of gains taxed as ordinary income, regardless of holding period. It is also worth noting that the implementation of Abenomics in 2012 negatively affected the performance of Japanese yen relative to the US dollar.
Classification
Geography
Japan
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
YCL assets under management is 55.77 M USD. It's fallen 2.38% over the last month.
YCL fund flows account for 4.81 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, YCL doesn't pay dividends to its holders.
YCL shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Nov 24, 2008, and its management style is Passive.
YCL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
YCL follows the JPY/USD Exchange Rate - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
YCL invests in cash.
YCL price has fallen by −3.29% over the last month, and its yearly performance shows a −12.92% decrease. See more dynamics on YCL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.13% over the last month, showed a −8.57% decrease in three-month performance and has decreased by −15.00% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.13% over the last month, showed a −8.57% decrease in three-month performance and has decreased by −15.00% in a year.
YCL trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.