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UPW

Ultra Utilities

Investment Objective

ProShares Ultra Utilities seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. UtilitiesSM Index.

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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
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Semi Annual Report
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NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q4 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

Month-End Total Returns as of 10/31/2022
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
UPW Market Price 3.80% -18.85% -12.64% -13.99% -0.66% -1.43% 5.82% 14.12% 8.95% 01/30/2007
UPW NAV 3.76% -18.96% -13.02% -14.05% -0.84% -1.43% 5.85% 14.14% 8.94% 01/30/2007

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 UPW
  • Intraday Ticker UPW.IV
  • CUSIP 74347R685
  • Inception Date 1/30/07
  • Expense Ratio 0.95%
  • Gross Expense Ratio 1.36%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 11/25/2022
  • NAV $70.95
  • NAV Change $+0.92 up caret
  • Market Price $0.00
  • Market Price Change $0.00
  • Trading Volume (M) 0
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount
Snapshot
  • Ticker UPW
  • Intraday Ticker UPW.IV
  • CUSIP 74347R685
  • Inception Date 1/30/07
  • Expense Ratio 0.95%
  • Gross Expense Ratio 1.36%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 11/25/2022
  • NAV $70.95
  • NAV Change $+0.92 up caret
  • Market Price $0.00
  • Market Price Change $0.00
  • Trading Volume (M) 0
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

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

Exposures

Index as of 9/30/2022

Holdings

as of 11/25/2022

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
40.47% -- DJ U.S. UTILITIES INDEX SWAP BANK OF AMERICA NA 6,459,319 -- 18,461 --
39.60% -- DJ U.S. UTILITIES INDEX SWAP UBS AG 6,321,113 -- 18,066 --
33.61% -- DJ U.S. UTILITIES INDEX SWAP SOCIETE GENERALE 5,364,863 -- 15,333 --
12.30% NEE NEXTERA ENERGY INC -- $1,963,673.40 23,010 2328915
5.63% DUK DUKE ENERGY CORP -- $898,472.78 9,019 B7VD3F2
5.22% SO SOUTHERN CO/THE -- $833,163.32 12,452 2829601
4.51% -- DJ U.S. UTILITIES INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC 720,424 -- 2,059 --
3.77% SRE SEMPRA ENERGY -- $601,859.72 3,682 2138158
3.76% D DOMINION ENERGY INC -- $600,040.56 9,752 2542049
3.60% AEP AMERICAN ELECTRIC POWER -- $574,633.93 6,019 2026242
2.91% EXC EXELON CORP -- $465,292.84 11,612 2670519
2.80% XEL XCEL ENERGY INC -- $446,189.04 6,408 2614807
2.54% ED CONSOLIDATED EDISON INC -- $405,112.50 4,155 2216850
2.33% CEG CONSTELLATION ENERGY -- $371,928.48 3,828 BMH4FS1
2.28% WEC WEC ENERGY GROUP INC -- $364,647.36 3,696 BYY8XK8
2.17% PEG PUBLIC SERVICE ENTERPRISE GP -- $346,022.46 5,843 2707677
2.10% ES EVERSOURCE ENERGY -- $334,788.84 4,061 BVVN4Q8
2.04% AWK AMERICAN WATER WORKS CO INC -- $325,065.40 2,126 B2R3PV1
1.82% PCG P G & E CORP -- $289,878.20 18,860 2689560
1.80% EIX EDISON INTERNATIONAL -- $286,979.64 4,468 2829515
1.70% ETR ENTERGY CORP -- $270,952.50 2,382 2317087
1.68% AEE AMEREN CORPORATION -- $268,916.68 3,028 2050832
1.63% DTE DTE ENERGY COMPANY -- $260,550.60 2,270 2280220
1.59% FE FIRSTENERGY CORP -- $253,469.74 6,359 2100920
1.58% PPL PPL CORP -- $251,904.14 8,618 2680905
1.43% CNP CENTERPOINT ENERGY INC -- $228,888.96 7,374 2440637
1.40% AES AES CORP -- $223,844.64 7,824 2002479
1.30% CMS CMS ENERGY CORP -- $208,284.00 3,400 2219224
1.22% ATO ATMOS ENERGY CORP -- $195,303.24 1,639 2315359
1.04% LNT ALLIANT ENERGY CORP -- $165,850.10 2,938 2973821
0.99% EVRG EVERGY INC -- $158,736.90 2,690 BFMXGR0
0.85% WTRG ESSENTIAL UTILITIES INC -- $135,983.98 2,794 BLCF3J9
0.81% NI NISOURCE INC -- $129,818.53 4,757 2645409
0.73% NRG NRG ENERGY INC -- $116,150.80 2,755 2212922
0.69% VST VISTRA CORP -- $110,382.72 4,584 BZ8VJQ8
0.63% PNW PINNACLE WEST CAPITAL -- $101,286.00 1,324 2048804
0.61% UGI UGI CORP -- $97,408.63 2,453 2910118
0.44% NFG NATIONAL FUEL GAS CO -- $70,537.60 1,072 2626103
0.40% IDA IDACORP INC -- $64,486.56 592 2296937
0.35% OGS ONE GAS INC -- $56,001.22 634 BJ0KXV4
0.35% NJR NEW JERSEY RESOURCES CORP -- $55,944.28 1,127 2630513
0.34% BKH BLACK HILLS CORP -- $53,896.26 762 2101741
0.33% HE HAWAIIAN ELECTRIC INDS -- $52,344.06 1,282 2415204
0.32% POR PORTLAND GENERAL ELECTRIC CO -- $51,044.80 1,046 B125XQ6
0.32% SWX SOUTHWEST GAS HOLDINGS INC -- $50,547.22 722 2831888
0.31% PNM PNM RESOURCES INC -- $49,052.56 1,006 2707826
0.29% SR SPIRE INC -- $45,922.05 615 BYXJQG9
0.28% ALE ALLETE INC -- $44,776.17 669 B02R1L6
0.24% NWE NORTHWESTERN CORP -- $38,241.77 659 B03PGL4
0.22% AVA AVISTA CORP -- $35,055.00 855 2942605
0.22% AGR AVANGRID INC -- $34,702.70 815 BYP0CD9
0.22% CWEN CLEARWAY ENERGY INC-C -- $34,687.26 963 BGJRH57
0.08% CWEN/A CLEARWAY ENERGY INC-A -- $13,543.20 405 BGJRH35
-- -- NET OTHER ASSETS (LIABILITIES) -- $2,925,834.07 2,925,834 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/30/2022

  • Total Number of Companies49
  • Price/Earnings Ratio19.584
  • Price/Book Ratio2.036
  • Dividend Yield ( % )3.21
  • Avg. Index Market Capitalization$21.38 billion
About the Index

The Dow Jones U.S. Utilities Index measures the performance of the utilities economic sector of the U.S. equity market. Component companies include electric utilities, gas utilities and water utilities.

Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Distributions

For

2022
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series Research & Insights

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.
Read More

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.

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 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.

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.

The "Dow Jones U.S. Utilities IndexSM" is a product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones,®" "DJ," "Dow Jones Indexes" and "Dow Jones U.S. Utilities Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProShares. ProShares have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProShares based on the Dow Jones U.S. Utilities Index are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProShares. 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 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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