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ULE

Ultra Euro

Investment Objective

ProShares Ultra Euro seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the price of the euro versus the U.S. dollar.

Performance

Daily Return during Q2 2022
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
ULE Market Price -9.15% -12.86% -18.20% -15.08% -25.22% -7.38% -5.20% -7.54% -5.73% 11/24/2008
ULE NAV -9.19% -12.62% -18.14% -15.00% -25.24% -7.33% -5.22% -7.55% -5.73% 11/24/2008

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 ULE
  • Intraday Ticker ULE.IV
  • CUSIP 74347W874
  • Inception Date 11/24/08
  • Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 5/20/2022
  • NAV $11.31
  • NAV Change $-0.07 down caret
  • Market Price $11.30
  • Market Price Change $-0.09 down caret
  • Trading Volume (M) 24,534
  • 30-Day Median Bid Ask Spread 0.18%
  • View Premium / Discount
Snapshot
  • Ticker ULE
  • Intraday Ticker ULE.IV
  • CUSIP 74347W874
  • Inception Date 11/24/08
  • Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 5/20/2022
  • NAV $11.31
  • NAV Change $-0.07 down caret
  • Market Price $11.30
  • Market Price Change $-0.09 down caret
  • Trading Volume (M) 24,534
  • 30-Day Median Bid Ask Spread 0.18%
  • View Premium / Discount

Holdings

as of 5/20/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts
116.73% -- EURO/US DOLLAR FORWARD - UBS 6,602,137 -- 6,249,502
100.00% -- NET OTHER ASSETS / CASH -- $5,655,879.82 5,655,880
83.86% -- EURO/US DOLLAR FORWARD - GOLDMAN SACHS 4,743,270 -- 4,489,921

Index

About the Index

The euro benchmark is the 4:00 p.m. ET euro in U.S. dollar terms (EUR/USD cross rate) as published by Bloomberg.

Distributions

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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.

Expense ratio does not include brokerage commissions and related fees paid by the fund.

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.

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

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.

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

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.

This fund generates a K-1 tax form.

Certain derivative instruments will subject the fund to counterparty risk and credit risk, which could result in significant losses for the fund.

There are additional risks due to debt levels in the underlying countries, inflation and interest rates, investment activity, global political and economic concerns, sovereign action to set or restrict currency conversion, monetary policies of central banks within the U.S. and non-U.S. markets, overall growth and performance of the economies of the relevant countries, and potential liquidity and/or pricing effects of European markets being closed on a day when U.S. markets are open.

ProShares Trust II is a commodity pool as defined in the Commodity Exchange Act and the applicable regulations of the CFTC. ProShare Capital Management LLC is the Trust Sponsor and commodity pool operator (CPO). The Sponsor is registered as a CPO with the CFTC, and is a member of the NFA. Neither this ETF nor ProShares Trust II is an investment company regulated under the Investment Company Act of 1940 and neither is afforded its protections.

Investments in the debt of sub-sovereigns (including agency-issued securities) and quasi-sovereigns (i.e. corporations that have significant government ownership) may or may not be issued by or guaranteed as to principal and interest by a governmental authority.

"Deutsche Bank" and "DBIQ Short Duration Emerging Market Bond IndexSM" are service marks of Deutsche Bank AG and have been licensed for use for certain purposes by ProShares. ProShares have not been passed on by Deutsche Bank AG as to their legality or suitability. ProShares based on the DBIQ Short Duration Emerging Market Bond Index are not sponsored, endorsed, sold, or promoted by Deutsche Bank AG, and Deutsche Bank makes no representation, express or implied, regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Investing in ETFs involves a substantial risk of loss.

This information must be accompanied or preceded by a current ProShares Trust II prospectus.

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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