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UJB

Ultra High Yield

Investment Objective

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.

How to buy
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Important Considerations

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.

Common uses for magnified exposure

  • Seeking magnified gains (will also magnify losses)

  • Getting a target level of exposure for less cash

  • Overweighting a market segment without additional cash

Documents & Downloads
Fund Fact Sheet
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Annual Report
This links to a pdf file This link opens a new window
Semi Annual Report
This links to a pdf file This link opens a new window
NAV History
This links to a pdf file This link opens a new window

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q3 2023

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

Month-End Total Returns as of 8/31/2023
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
UJB Market Price -0.09% 4.81% 5.39% 8.02% 8.20% -1.32% 1.51% 4.42% 5.65% 04/13/2011
UJB NAV -0.13% 4.86% 5.23% 7.87% 8.26% -1.30% 1.48% 4.37% 5.64% 04/13/2011

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 UJB
  • Intraday Ticker UJB.IV
  • CUSIP 74348A707
  • Inception Date 4/13/11
  • Gross Expense Ratio 1.24%
  • Net Expense Ratio 0.95%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 9/29/2023
  • NAV $60.73
  • NAV Change $-0.21 down caret
  • Market Price $60.80
  • Market Price Change $-0.14 down caret
  • Trading Volume (M) 935
  • 30-Day Median Bid Ask Spread 0.11%
  • View Premium / Discount
Snapshot
  • Ticker UJB
  • Intraday Ticker UJB.IV
  • CUSIP 74348A707
  • Inception Date 4/13/11
  • Expense Ratio 0.95%*
  • Gross Expense Ratio 1.24%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 9/29/2023
  • NAV $60.73
  • NAV Change $-0.21 down caret
  • Market Price $60.80
  • Market Price Change $-0.14 down caret
  • Trading Volume (M) 935
  • 30-Day Median Bid Ask Spread 0.11%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/23.

Exposures

Index as of 6/30/2023

Holdings

as of 9/29/2023

Exposure Weight Ticker Description Coupon Rate Maturity Date Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
68.95% -- MARKIT IBOXX $ LIQUID HIGH YIELD INDEX (HYG) SWAP GOLDMAN SACHS INTERNATIONAL -- -- 2,933,701 -- 1,831 --
48.76% -- MARKIT IBOXX $ LIQUID HIGH YIELD INDEX (HYG) SWAP UBS AG -- -- 2,074,901 -- 1,295 --
47.41% -- HIGH YIELD INDEX (HYG) BNP PARIBAS CITIBANK NA -- -- 2,017,220 -- 1,259 --
35.32% -- MARKIT IBOXX $ LIQUID HIGH YIELD INDEX (HYG) SWAP CITIBANK NA -- -- 1,502,901 -- 938 --
-- -- NET OTHER ASSETS (LIABILITIES) -- -- -- $4,254,949.44 4,254,949 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 6/30/2023

  • Total Number of Issues1160
  • Effective Duration--
  • Modified Duration3.61 Years
  • Weighted Average Maturity4.95 Years
  • Weighted Average Coupon5.72%
  • Monthly Index Volatility--
  • Weighted Average Yield to Maturity8.44%
About the Index

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.

Distributions

For

2023
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series

Part I: The Significance of Portfolio Hedging

Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market.
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Part II: Strategies for Hedging Your Portfolio

Part III: The Efficacy of Hedging with Inverse ETFs
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.

 May include significant acquired fund fees and expenses incurred indirectly through the fund's ownership of shares in other investment companies, such as business development companies. These fees are not direct costs paid by shareholders or used to calculate net asset value. See the prospectus for more information.

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.

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.

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.

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 that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

The daily percentage change in the closing level of the benchmark or index may not match the daily percentage change in the fund's NAV due to: (a) The difference between the closing level of the index, usually calculated at 3:00 p.m., and the calculation of the fund's NAV at the close of NYSE Arca, generally 4:00 p.m.; and (b) A limited trading market in the index's component bonds on the calculation of the 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. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

Bonds will decrease in value as interest rates rise.

High yield bonds may involve greater levels of credit, prepayment, liquidity and valuation risk than higher-rated instruments. High yield bonds are more volatile than investment grade securities, and they involve a greater risks of loss (including loss of principal) from missed payments, defaults or downgrades because of their speculative nature.

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.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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