Key stats
About ProShares Russell 2000 High Income ETF
Home page
Inception date
Sep 4, 2024
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US74349Y7875
ITWO combines long positions in the Russell 2000 Index with short positions in daily call options. The objective is to provide monthly distributions derived from option premiums and dividends, though some payments may be classified as a return of capital. The index employs a buy-write (or covered call) strategy, generating additional income from selling call options while maintaining exposure to small-cap US stocks. Unlike traditional call option strategies, this index uses short-dated, out-of-the-money call options, which are rebalanced daily to capture short-term market movements. Instead of directly writing options, the fund gains its short exposure through swap agreements and futures contracts, replicating returns from the covered call strategy without direct option transactions. The portfolio is constructed using a mathematical approach that optimizes the type, quantity, and mix of positions to produce returns in line with the index.
Classification
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
Finance
Health Technology
Stocks92.89%
Finance21.84%
Health Technology11.23%
Technology Services9.87%
Electronic Technology9.28%
Producer Manufacturing7.01%
Industrial Services3.96%
Consumer Services3.35%
Commercial Services3.23%
Consumer Durables2.78%
Retail Trade2.75%
Utilities2.73%
Non-Energy Minerals2.67%
Health Services2.59%
Process Industries2.39%
Energy Minerals2.05%
Consumer Non-Durables1.66%
Transportation1.60%
Communications0.95%
Distribution Services0.88%
Miscellaneous0.09%
Bonds, Cash & Other7.11%
Cash5.65%
Corporate1.08%
Miscellaneous0.29%
Government0.05%
ETF0.05%
Stock breakdown by region
North America97.96%
Europe1.61%
Asia0.18%
Latin America0.17%
Middle East0.08%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ITWO invests in stocks. The fund's major sectors are Finance, with 21.84% stocks, and Health Technology, with 11.23% of the basket. The assets are mostly located in the North America region.
ITWO last dividends amounted to 0.31 USD. The month before, the issuer paid 0.15 USD in dividends, which shows a 52.65% increase.
ITWO assets under management is 71.02 M USD. It's risen 14.03% over the last month.
ITWO fund flows account for 61.79 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.
Yes, ITWO pays dividends to its holders with the dividend yield of 15.56%. The last dividend (Sep 8, 2025) amounted to 0.31 USD. The dividends are paid monthly.
ITWO shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Sep 4, 2024, and its management style is Passive.
ITWO expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
ITWO follows the Cboe Russell 2000 Daily Covered Call Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ITWO invests in stocks.
ITWO price has risen by 2.09% over the last month, and its yearly performance shows a −6.27% decrease. See more dynamics on ITWO price chart.
NAV returns, another gauge of an ETF dynamics, showed a 10.42% increase in three-month performance and has increased by 10.79% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 10.42% increase in three-month performance and has increased by 10.79% in a year.
ITWO trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.