EQRR

Equities for Rising Rates ETF

Why Invest in EQRR?

  • The first U.S. equity ETF specifically designed to outperform traditional U.S. large-cap indexes during periods of rising interest rates.

  • Targets sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise.

  • Can be used to complement traditional large-cap equity investments.

Why Invest in EQRR?

  • The first U.S. equity ETF specifically designed to outperform traditional U.S. large-cap indexes during periods of rising interest rates.

  • Targets sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise.

  • Can be used to complement traditional large-cap equity investments.

Performance

Growth of $10,000

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
EQRR Market Price 18.63% 5.93% 2.41% 2.94% 2.19% 11.82% 5.83% -- 7.16% 07/24/2017
EQRR NAV 16.55% 6.10% 2.38% 2.78% 2.20% 11.31% 5.86% -- 7.13% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index 16.63% 6.20% 2.52% 3.06% 2.54% 11.70% 6.26% -- 7.54% --

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 EQRR
  • Intraday Ticker EQRR.IV
  • CUSIP 74347B391
  • Inception Date 7/24/17
  • Unitary Expense Ratio 0.35%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 10/31/2022
  • Number of Companies 50
  • Price/Earnings Ratio 9.72
  • Price/Book Ratio 1.92

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield 2.9%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap $60.46 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • SEC 30-Day Yield 2.17%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 11/25/2022
  • NAV $54.18
  • NAV Change $-0.02 down 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 EQRR
  • Intraday Ticker EQRR.IV
  • CUSIP 74347B391
  • Inception Date 7/24/17
  • Unitary Expense Ratio 0.35%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 10/31/2022
  • Number of Companies 50
  • Price/Earnings Ratio 9.72
  • Price/Book Ratio 1.92

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield 2.9%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap $60.46 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • SEC 30-Day Yield 2.17%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 11/25/2022
  • NAV $54.18
  • NAV Change $-0.02 down 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

Exposures

Index as of 6/30/2022 and Fund as of 11/25/2022

Holdings

as of 11/25/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
3.32% JPM JPMORGAN CHASE & CO -- $2,516,016.00 18,400 2190385
3.21% STT STATE STREET CORP -- $2,436,637.20 31,620 2842040
3.16% BAC BANK OF AMERICA CORP -- $2,400,321.30 63,669 2295677
3.09% CFG CITIZENS FINANCIAL GROUP -- $2,345,325.51 55,961 BQRX1X3
3.07% RJF RAYMOND JAMES FINANCIAL INC -- $2,326,398.48 19,458 2718992
2.99% SLB SCHLUMBERGER LTD -- $2,268,695.39 44,633 2779201
2.93% HBAN HUNTINGTON BANCSHARES INC -- $2,223,333.12 145,888 2445966
2.90% PSX PHILLIPS 66 -- $2,199,093.78 19,851 B78C4Y8
2.88% SCHW SCHWAB (CHARLES) CORP -- $2,183,393.94 26,754 2779397
2.84% PNC PNC FINANCIAL SERVICES GROUP -- $2,157,320.20 12,868 2692665
2.84% MRO MARATHON OIL CORP -- $2,155,855.94 70,963 2910970
2.81% HES HESS CORP -- $2,128,261.52 14,702 2023748
2.74% VLO VALERO ENERGY CORP -- $2,075,446.40 14,996 2041364
2.73% TFC TRUIST FINANCIAL CORP -- $2,072,081.04 44,162 BKP7287
2.70% OKE ONEOK INC -- $2,045,748.82 31,271 2130109
2.66% MPC MARATHON PETROLEUM CORP -- $2,019,601.20 16,131 B3K3L40
2.53% OVV OVINTIV INC -- $1,920,691.62 34,833 BJ01KB6
2.47% MTB M & T BANK CORP -- $1,877,186.70 10,905 2340168
2.40% DVN DEVON ENERGY CORP -- $1,821,390.80 26,648 2480677
2.30% FCX FREEPORT-MCMORAN INC -- $1,742,223.55 46,897 2352118
2.07% WLK WESTLAKE CORP -- $1,569,825.60 14,754 B01ZP20
2.07% EMN EASTMAN CHEMICAL CO -- $1,569,293.16 18,042 2298386
2.00% AVY AVERY DENNISON CORP -- $1,515,604.44 7,879 2066408
1.98% DOW DOW INC -- $1,504,520.80 29,180 BHXCF84
1.96% IP INTERNATIONAL PAPER CO -- $1,484,883.36 40,438 2465254
1.96% CE CELANESE CORP -- $1,484,736.96 14,189 B05MZT4
1.95% LYB LYONDELLBASELL INDU-CL A -- $1,477,773.33 17,027 B3SPXZ3
1.81% MOS MOSAIC CO/THE -- $1,373,095.71 26,523 B3NPHP6
1.80% GE GENERAL ELECTRIC CO -- $1,368,726.06 15,529 BL59CR9
1.79% DD DUPONT DE NEMOURS INC -- $1,359,093.75 19,075 BK0VN47
1.74% ALB ALBEMARLE CORP -- $1,322,358.54 4,847 2046853
1.67% SYF SYNCHRONY FINANCIAL -- $1,263,553.20 34,104 BP96PS6
1.60% PH PARKER HANNIFIN CORP -- $1,214,327.04 3,968 2671501
1.57% WAB WABTEC CORP -- $1,192,199.84 11,818 2955733
1.56% HWM HOWMET AEROSPACE INC -- $1,182,397.32 31,083 BKLJ8V2
1.56% TXT TEXTRON INC -- $1,179,562.96 16,502 2885937
1.45% AXP AMERICAN EXPRESS CO -- $1,098,472.90 7,126 2026082
1.40% COF CAPITAL ONE FINANCIAL CORP -- $1,061,041.32 10,431 2654461
1.38% FLT FLEETCOR TECHNOLOGIES INC -- $1,045,997.76 5,457 B4R28B3
1.09% CHTR CHARTER COMMUNICATIONS INC-A -- $824,302.43 2,113 BZ6VT82
1.05% T AT&T INC -- $798,871.84 41,782 2831811
1.03% LBRDK LIBERTY BROADBAND-C -- $784,689.75 8,685 BRTLC06
1.03% CMCSA COMCAST CORP-CLASS A -- $779,059.45 21,853 2044545
1.02% CSCO CISCO SYSTEMS INC -- $775,513.20 16,023 2198163
1.02% ANET ARISTA NETWORKS INC -- $770,845.28 5,678 BN33VM5
1.01% MSI MOTOROLA SOLUTIONS INC -- $768,246.66 2,862 B5BKPQ4
0.95% TMUS T-MOBILE US INC -- $721,565.85 4,777 B94Q9V0
0.87% VZ VERIZON COMMUNICATIONS INC -- $658,657.60 16,880 2090571
0.84% ROKU ROKU INC -- $637,293.12 11,364 BZ1LFG7
-- -- NET OTHER ASSETS (LIABILITIES) -- $150,099.20 150,099 --

Index

as of 6/30/2022

  • Total Number of Companies50
  • Price/Earnings Ratio8.887
  • Price/Book Ratio1.886
  • Dividend Yield ( % )3.20
  • Avg. Index Market Capitalization$61.09 billion
About the Index

The index takes the 500 largest listed U.S. stocks and selects the five U.S. large-cap sectors that have demonstrated the highest correlation to weekly changes in 10-Year U.S. Treasury yields over the last three years. The index then identifies the top ten stocks in each sector that have the highest correlation of relative performance—compared with 500 of the largest listed U.S. stocks—to changes in the 10-year yields. The process is repeated quarterly to maintain a portfolio of 50 stocks.

Distributions

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

Rising Rates Research & Insights

Explore the Secrets of Equities in Rising Rates

Sector and company selection are both critical when rates rise—here’s how to target the potential outperformers.
Read More
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.

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. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

The fund is designed to provide relative outperformance, as compared to traditional U.S. large-cap indexes, such as the S&P 500, during periods of rising U.S. Treasury interest rates. As a result, the fund may be more susceptible to underperformance in a falling rate environment. There can be no guarantee that the fund will provide positive returns or outperform other indexes.

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.

Nasdaq® is a registered trademark of Nasdaq, Inc. and is licensed for use by ProShare Advisors LLC. ProShares ETFs have not been passed on by Nasdaq, Inc. or its affiliates as to their legality or suitability. ProShares ETFs based on the Nasdaq U.S. Large Cap Equities for Rising Rates Index are not issued, sponsored, endorsed, sold, or promoted by Nasdaq, Inc. or its affiliates, and they make no representation regarding the advisability of investing in ProShares ETFs.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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