Ultra High Yield - UJB Ultra High Yield

ProShares Ultra High Yield seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Markit iBoxx $ Liquid High Yield Index.

This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

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Index/Benchmark Summary

Markit iBoxx® $ Liquid High Yield Index is a modified market-value weighted index designed to provide a balanced representation of U.S. dollar-denominated high yield corporate bonds for sale within the United States by means of including the most liquid high yield corporate bonds available as determined by the index provider. Currently, the bonds eligible for inclusion in the Index include U.S. dollar-denominated, corporate bonds for sale in the United States that are issued by companies domiciled in the U.S., Bermuda, Canada, Cayman Islands, Western Europe or Japan; are rated sub-investment grade by Moody’s Investors Service, Inc., Fitch, Inc. or Standard and Poor's Financial Services, LLC; are from issuers with at least $1 billion par outstanding; have at least $400 million of outstanding face value; and are between three and fifteen years to maturity. There is no limit to the number of issues in the Index. Index rebalances occur monthly.

Yield as of 9/30/20

Weighted Average Yield to Maturity 5.63%

Fundamentals as of 9/30/20

Total Number of Issues 1,184
Modified Duration 3.46 Years
Weighted Average Maturity 5.5 Years
Weighted Average Coupon * 5.87%
Weighted Average Price $101.35

* = Derivative contracts are priced to reflect the underlying index yield but may generate interest income.

Index Holdings Information as of 9/30/20

Top 10 Index Constituents Weight
Altice France SA, 7.375%, 05/01/2026 0.52%
Sprint Corp, 7.875%, 09/15/2023 0.47%
TransDigm Inc, 6.25%, 03/15/2026 0.44%
Centene Corp, 4.625%, 12/15/2029 0.36%
Colt Merger Sub Inc, 6.25%, 07/01/2025 0.34%
Ford Motor Company, 9%, 04/22/2025 0.33%
CCO Holdings LLC / CCO Holdings Capital Corp, 5.125%, 05/01/2027 0.33%
Bausch Health Cos Inc, 6.125%, 04/15/2025 0.32%
Ford Motor Company, 8.5%, 04/21/2023 0.31%
CCO Holdings LLC / CCO Holdings Capital Corp, 4.75%, 03/01/2030 0.31%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Holdings as of 9/30/20

Index Sector Weightings ± Weight
Industrials & Materials 23.48%
Consumer Services 23.40%
Utilities & Energy 20.19%
Consumer Goods 11.49%
Tele & Tech 8.95%
Health Care 7.52%
Financials 4.98%

± Sum of weightings may not equal 100% due to rounding.