EQRR

Equities for Rising Rates ETF

Why Invest in EQRR?

  • The first U.S. equity ETF specifically designed to outperform traditional U.S. large-cap indexes during periods of rising interest rates.

  • Targets sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise.

  • Can be used to complement traditional large-cap equity investments.

Why Invest in EQRR?

  • The first U.S. equity ETF specifically designed to outperform traditional U.S. large-cap indexes during periods of rising interest rates.

  • Targets sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise.

  • Can be used to complement traditional large-cap equity investments.

Performance

Growth of $10,000

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EQRR Market Price 5.53% 12.71% 10.25% 5.74% 8.60% 11.66% 8.52% -- 7.90% 07/24/2017
EQRR NAV 5.54% 12.60% 10.30% 5.67% 8.60% 11.71% 8.57% -- 7.89% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index 5.58% 12.71% 10.50% 5.75% 8.99% 12.11% 8.97% -- 8.29% --

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 EQRR
  • Intraday Ticker EQRR.IV
  • CUSIP 74347B391
  • Inception Date 7/24/17
  • Expense Ratio 0.35%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 2/29/2024
  • Number of Companies 50
  • Price/Earnings Ratio 11.56
  • Price/Book Ratio 2.08

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield 3.62%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap $74.43 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • SEC 30-Day Yield 2.06%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • Weighted Average Yield to
    Maturity
    --
  • Net Effective Duration --
Price
as of 3/18/2024
  • NAV $59.39
  • NAV Change $+0.27 up caret
  • Market Price $59.31
  • Market Price Change $+0.21 up caret
  • Trading Volume (M) 1,857
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount
Snapshot
  • Ticker EQRR
  • Intraday Ticker EQRR.IV
  • CUSIP 74347B391
  • Inception Date 7/24/17
  • Unitary Expense Ratio 0.35%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 2/29/2024
  • Number of Companies 50
  • Price/Earnings Ratio 11.56
  • Price/Book Ratio 2.08

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield 3.62%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap $74.43 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • SEC 30-Day Yield 2.06%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • Weighted Average Yield to Maturity --
  • Net Effective Duration --
Price
as of 3/18/2024
  • NAV $59.39
  • NAV Change $+0.27 up caret
  • Market Price $59.31
  • Market Price Change $+0.21 up caret
  • Trading Volume (M) 1,857
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

Exposures

Index as of 12/29/2023 and Fund as of 3/18/2024

Holdings

as of 3/18/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
3.54% MPC MARATHON PETROLEUM CORP -- $652,221.08 3,371 B3K3L40
3.48% VLO VALERO ENERGY CORP -- $639,883.92 3,848 2041364
3.33% FANG DIAMONDBACK ENERGY INC -- $613,133.56 3,226 B7Y8YR3
3.05% XOM EXXON MOBIL CORP -- $561,724.60 5,002 2326618
3.04% PXD PIONEER NATURAL RESOURCES CO -- $560,336.80 2,224 2690830
2.99% MRO MARATHON OIL CORP -- $550,625.72 20,708 2910970
2.83% HES HESS CORP -- $521,194.00 3,470 2023748
2.82% COP CONOCOPHILLIPS -- $518,440.86 4,311 2685717
2.79% SLB SCHLUMBERGER LTD -- $513,622.59 9,613 2779201
2.78% EOG EOG RESOURCES INC -- $511,085.52 4,136 2318024
2.68% LPLA LPL FINANCIAL HOLDINGS INC -- $494,182.00 1,832 B75JX34
2.66% WFC WELLS FARGO & CO -- $489,311.90 8,470 2649100
2.56% JPM JPMORGAN CHASE & CO -- $472,209.66 2,451 2190385
2.52% AIG AMERICAN INTERNATIONAL GROUP -- $463,642.36 6,154 2027342
2.48% MET METLIFE INC -- $457,355.20 6,304 2573209
2.47% PRU PRUDENTIAL FINANCIAL INC -- $454,581.60 4,020 2819118
2.46% RJF RAYMOND JAMES FINANCIAL INC -- $452,390.40 3,740 2718992
2.42% BAC BANK OF AMERICA CORP -- $445,911.83 12,383 2295677
2.33% MTB M & T BANK CORP -- $428,709.06 3,042 2340168
2.32% HBAN HUNTINGTON BANCSHARES INC -- $426,743.52 32,776 2445966
2.15% STLD STEEL DYNAMICS INC -- $395,275.28 2,824 2849472
2.08% RS RELIANCE INC -- $382,286.32 1,192 2729068
1.98% NUE NUCOR CORP -- $363,846.60 1,917 2651086
1.96% CF CF INDUSTRIES HOLDINGS INC -- $360,686.10 4,195 B0G4K50
1.90% LYB LYONDELLBASELL INDU-CL A -- $350,273.80 3,508 B3SPXZ3
1.89% FCX FREEPORT-MCMORAN INC -- $348,456.32 7,834 2352118
1.87% DOW DOW INC -- $345,149.42 6,083 BHXCF84
1.86% WLK WESTLAKE CORP -- $342,532.42 2,383 B01ZP20
1.81% GE GENERAL ELECTRIC CO -- $332,853.69 1,959 BL59CR9
1.68% HWM HOWMET AEROSPACE INC -- $308,472.28 4,622 BKLJ8V2
1.63% MOS MOSAIC CO/THE -- $300,773.70 9,335 B3NPHP6
1.62% CMI CUMMINS INC -- $298,709.28 1,044 2240202
1.62% CAT CATERPILLAR INC -- $297,707.40 846 2180201
1.60% AXP AMERICAN EXPRESS CO -- $294,773.98 1,334 2026082
1.56% ALB ALBEMARLE CORP -- $287,530.64 2,308 2046853
1.51% RTX RTX CORP -- $277,856.58 2,973 BM5M5Y3
1.49% SYF SYNCHRONY FINANCIAL -- $273,462.50 6,550 BP96PS6
1.41% COF CAPITAL ONE FINANCIAL CORP -- $259,866.89 1,907 2654461
1.35% SNA SNAP-ON INC -- $248,540.45 865 2818740
1.31% DE DEERE & CO -- $240,818.75 625 2261203
1.11% UBER UBER TECHNOLOGIES INC -- $205,147.00 2,710 BK6N347
1.10% AZO AUTOZONE INC -- $201,628.05 65 2065955
1.06% ORLY O'REILLY AUTOMOTIVE INC -- $194,920.25 175 B65LWX6
1.00% GPC GENUINE PARTS CO -- $184,777.88 1,204 2367480
0.98% DAL DELTA AIR LINES INC -- $180,102.24 4,146 B1W9D46
0.97% LKQ LKQ CORP -- $178,757.80 3,490 2971029
0.96% UAL UNITED AIRLINES HOLDINGS INC -- $175,985.55 4,041 B4QG225
0.95% DRI DARDEN RESTAURANTS INC -- $175,463.05 1,015 2289874
0.91% FOXA FOX CORP - CLASS A -- $167,059.33 5,623 BJJMGL2
0.79% APTV APTIV PLC -- $144,648.79 1,859 B783TY6
-- -- NET OTHER ASSETS (LIABILITIES) -- $66,495.78 66,496 --

Index

as of 12/29/2023

  • Total Number of Companies50
  • Price/Earnings Ratio9.83
  • Price/Book Ratio1.895
  • Dividend Yield ( % )2.48
  • Avg. Index Market Capitalization$50.29 billion
About the Index

The index takes the 500 largest listed U.S. stocks and selects the five U.S. large-cap sectors that have demonstrated the highest correlation to weekly changes in 10-Year U.S. Treasury yields over the last three years. The index then identifies the top ten stocks in each sector that have the highest correlation of relative performance—compared with 500 of the largest listed U.S. stocks—to changes in the 10-year yields. The process is repeated quarterly to maintain a portfolio of 50 stocks.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Rising Rates Insights and Research

Explore the Secrets of Equities in Rising Rates

Sector and company selection are both critical when rates rise—here’s how to target the potential outperformers.
Read More
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.

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.

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 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. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

The fund is designed to provide relative outperformance, as compared to traditional U.S. large-cap indexes, such as the S&P 500, during periods of rising U.S. Treasury interest rates. As a result, the fund may be more susceptible to underperformance in a falling rate environment. There can be no guarantee that the fund will provide positive returns or outperform other indexes.

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.

Nasdaq® is a registered trademark of Nasdaq, Inc. and is licensed for use by ProShare Advisors LLC. ProShares ETFs have not been passed on by Nasdaq, Inc. or its affiliates as to their legality or suitability. ProShares ETFs based on the Nasdaq U.S. Large Cap Equities for Rising Rates Index are not issued, sponsored, endorsed, sold, or promoted by Nasdaq, Inc. or its affiliates, and they make no representation regarding the advisability of investing in ProShares ETFs.THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

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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