Distributions

To see the most recent distribution schedule click here.

ProShares may distribute net investment income earned by the funds, if any, on a monthly or quarterly basis, depending on the fund. Some ProShares may make capital gain distributions generally on an annual basis. Distribution information is posted on our website.

For funds that provide tax information on Schedule K-1, such as our Commodity, Currency, VIX Futures and Managed Futures funds, additional information is available in Taxation FAQs for VIX Futures, Commodity, Currency and Managed Futures ProShares.

Additional dividend distributions FAQs for our crypto-linked funds and OILK can be found here.

All 40 Act ETFs are required by IRS regulations to distribute substantially all of their net investment income and capital gains to shareholders at least annually. Many ETFs make regular income distributions as well as capital gains distributions.

Ex-Date. On this date, the ETF will trade without its dividend with the first reported trade. That means the ETF’s NAV will drop by the amount of the distribution on the morning of the ex-date. Even though the NAV is affected, shareholders who bought the shares before the ex-date have not "lost" the dividend amount, because they will receive the distribution. The ex-date is usually the second business day before the record date.

Record Date. This is the date on which ProShares determines the shareholders of record. An investor must be listed as a holder of record to ensure the right of a distribution payout.

Pay Date. This is the date on which ProShares pays a distribution to the holder of record. This date is usually a couple of days after the record date.

Because you hold ProShares through a brokerage account, you must request this service, if offered, from your brokerage firm. Your brokerage firm is also responsible for other services, such as account statements, confirmations of your purchases and sales of ProShares, and year-end tax information. It also will be responsible for ensuring that you receive shareholder reports and other communications from ProShares.

Net investment income results from funds holding debt securities, money market instruments and/or dividend-producing equity securities. Income received from these instruments is periodically distributed (net of expenses) to shareholders. While ProShares may use tax management strategies to minimize capital gains, such strategies are generally not used to minimize dividend distributions.

Short ProShares may use derivative products, including futures contracts and/or swap agreements, to obtain short exposure to indexes or benchmarks. These derivatives generally provide the fund with the desired short exposure to an index or benchmark. As a result, the fund has cash available to invest in debt securities and/or money market instruments which generally earn prevailing interest rates. This investment strategy allows ProShares to pass on interest income (net of expenses) to shareholders.

Net investment income and short-term capital gains will be reported as ordinary income on the Form 1099-DIV your financial professional sends out. Long-term capital gains are reported as ETF capital gains.

VIX Futures, Commodity, Currency and Managed Futures ProShares issue K-1s instead of 1099s. For more information, please see Taxation FAQs for VIX Futures, Commodity, Currency and Managed Futures ProShares.