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 S&P Utilities Select Sector Index.

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
UPW Market Price -12.47% -6.71% -8.68% -22.68% -30.51% 3.85% 3.30% 11.45% 7.48% 01/30/2007
UPW NAV -12.77% -6.91% -8.56% -22.81% -30.64% 3.83% 3.30% 11.37% 7.47% 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
  • Gross Expense Ratio 1.36%
  • Net Expense Ratio 0.95%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 9/28/2023
  • NAV $46.61
  • NAV Change $-2.14 down caret
  • Market Price $46.58
  • Market Price Change $-2.17 down caret
  • Trading Volume (M) 1,355
  • 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 9/28/2023
  • NAV $46.61
  • NAV Change $-2.14 down caret
  • Market Price $46.58
  • Market Price Change $-2.17 down caret
  • Trading Volume (M) 1,355
  • 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 6/30/2023

Holdings

as of 9/28/2023

Exposure Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
67.94% -- UTILITIES SELECT SECTOR INDEX SWAP BANK OF AMERICA NA 4,908,331 -- 8,245 --
26.57% -- UTILITIES SELECT SECTOR INDEX SWAP SOCIETE GENERALE 1,919,279 -- 3,224 --
14.81% -- UTILITIES SELECT SECTOR INDEX SWAP GOLDMAN SACHS INTERNATIONAL 1,069,772 -- 1,797 --
10.93% -- UTILITIES SELECT SECTOR INDEX SWAP UBS AG 789,976 -- 1,327 --
10.62% NEE NEXTERA ENERGY INC -- $767,326.44 13,443 2328915
6.52% SO SOUTHERN CO/THE -- $471,367.08 7,244 2829601
6.28% DUK DUKE ENERGY CORP -- $454,041.60 5,120 B7VD3F2
3.92% SRE SEMPRA -- $283,278.60 4,180 2138158
3.54% AEP AMERICAN ELECTRIC POWER -- $255,520.74 3,422 2026242
3.47% EXC EXELON CORP -- $250,424.68 6,611 2670519
3.40% D DOMINION ENERGY INC -- $245,374.26 5,559 2542049
3.23% CEG CONSTELLATION ENERGY -- $233,507.52 2,136 BMH4FS1
3.13% PCG P G & E CORP -- $226,161.76 13,892 2689560
2.88% XEL XCEL ENERGY INC -- $208,371.68 3,664 2614807
2.71% ED CONSOLIDATED EDISON INC -- $195,857.59 2,291 2216850
2.60% PEG PUBLIC SERVICE ENTERPRISE GP -- $187,884.56 3,316 2707677
2.32% WEC WEC ENERGY GROUP INC -- $167,348.60 2,095 BYY8XK8
2.24% EIX EDISON INTERNATIONAL -- $161,900.14 2,546 2829515
2.21% AWK AMERICAN WATER WORKS CO INC -- $159,788.94 1,293 B2R3PV1
1.87% DTE DTE ENERGY COMPANY -- $135,123.10 1,370 2280220
1.84% ES EVERSOURCE ENERGY -- $133,017.84 2,319 BVVN4Q8
1.80% AEE AMEREN CORPORATION -- $129,897.80 1,745 2050832
1.79% ETR ENTERGY CORP -- $129,667.45 1,405 2317087
1.64% FE FIRSTENERGY CORP -- $118,505.96 3,428 2100920
1.58% PPL PPL CORP -- $114,468.48 4,896 2680905
1.55% CNP CENTERPOINT ENERGY INC -- $111,953.10 4,193 2440637
1.45% ATO ATMOS ENERGY CORP -- $104,427.26 986 2315359
1.41% CMS CMS ENERGY CORP -- $102,132.60 1,938 2219224
1.12% LNT ALLIANT ENERGY CORP -- $80,692.74 1,679 2973821
1.06% EVRG EVERGY INC -- $76,940.92 1,526 BFMXGR0
0.93% NI NISOURCE INC -- $67,527.00 2,745 2645409
0.92% AES AES CORP -- $66,186.24 4,448 2002479
0.81% NRG NRG ENERGY INC -- $58,262.16 1,522 2212922
0.77% PNW PINNACLE WEST CAPITAL -- $55,322.91 753 2048804
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,472,246.99 1,472,247 --

Index

as of 6/30/2023

  • Total Number of Companies30
  • Price/Earnings Ratio19.926
  • Price/Book Ratio2.021
  • Dividend Yield ( % )3.28
  • Avg. Index Market Capitalization$32.17 billion
About the Index

The Index represents the utilities sector of the S&P 500 Index (“S&P 500”). The Index is one of eleven S&P Select Sector Indices, each designed to measure the performance of a sector of the S&P 500. The Index includes equity securities of companies from the following Global Industry Classification Standard (GICS®) industries: electric utilities; gas utilities; multi-utilities; water utilities; and independent power and renewable electricity producers.

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

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

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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.

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.

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.

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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