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 1.29% 5.35% 18.74% 11.40% 34.94% 8.75% 12.25% -- 8.42% 07/24/2017
EQRR NAV 1.35% 5.47% 18.75% 11.45% 35.02% 8.73% 12.21% -- 8.43% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index 1.39% 5.59% 19.01% 11.66% 35.61% 9.11% 12.64% -- 8.83% --

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
    7/25/17
  • Expense Ratio
    0.35%
  • NAV Calculation Time
    4:00 p.m. ET
Characteristics
as of 5/31/2024
  • Number of Companies
    50
  • Price/Earnings Ratio
    12.36
  • Price/Book Ratio
    2.33

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

  • Weighted Avg. Market Cap
    $83.11 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.

  • Weighted Average Yield to
    Maturity
    --
  • Net Effective Duration
    --
Price
as of 6/14/2024
  • NAV
    $57.48
  • NAV Change
    $-0.50 down caret
  • Market Price
    $57.46
  • Market Price Change
    $-0.55 down caret
  • Trading Volume (M)
    424
  • 30-Day Median Bid Ask Spread
    0.12%
  • View Premium / Discount
Snapshot
  • Ticker
    EQRR
  • Intraday Ticker
    EQRR.IV
  • CUSIP
    74347B391
  • Inception Date
    7/25/17
  • Expense Ratio
    0.35%
  • NAV Calculation Time
    4:00 p.m. ET
Characteristics
as of 5/31/2024
  • Number of Companies
    50
  • Price/Earnings Ratio
    12.36
  • Price/Book Ratio
    2.33

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

  • Distribution Yield
    --

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

  • Weighted Avg. Market Cap
    $83.11 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.

  • Weighted Average Yield to Maturity
    --
  • Net Effective Duration
    --
Price
as of 6/14/2024
  • NAV
    $57.48
  • NAV Change
    $-0.50 down caret
  • Market Price
    $57.46
  • Market Price Change
    $-0.55 down caret
  • Trading Volume (M)
    424
  • 30-Day Median Bid Ask Spread
    0.12%
  • View Premium / Discount

Exposures

Index as of 3/28/2024 and Fund as of 6/14/2024

Holdings

as of 6/14/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
3.12% MRO MARATHON OIL CORP -- $484,766.10 17,757 2910970
3.11% CTRA COTERRA ENERGY INC -- $482,396.31 18,047 2162340
3.04% FANG DIAMONDBACK ENERGY INC -- $472,177.83 2,539 B7Y8YR3
3.00% EOG EOG RESOURCES INC -- $465,392.64 3,936 2318024
2.96% MCK MCKESSON CORP -- $460,161.00 780 2378534
2.85% VLO VALERO ENERGY CORP -- $442,406.36 2,948 2041364
2.79% COP CONOCOPHILLIPS -- $432,528.06 3,954 2685717
2.74% MPC MARATHON PETROLEUM CORP -- $425,004.93 2,499 B3K3L40
2.71% PSX PHILLIPS 66 -- $421,220.80 3,080 B78C4Y8
2.71% BG BUNGE GLOBAL SA -- $420,471.87 4,089 BQ6BPG9
2.71% HAL HALLIBURTON CO -- $420,256.72 12,766 2405302
2.67% CPB CAMPBELL SOUP CO -- $415,089.64 9,436 2162845
2.60% HSY HERSHEY CO/THE -- $402,941.90 2,155 2422806
2.58% COR CENCORA INC -- $401,114.25 1,725 2795393
2.56% ADM ARCHER-DANIELS-MIDLAND CO -- $397,400.50 6,679 2047317
2.54% SLB SCHLUMBERGER LTD -- $394,783.00 9,181 2779201
2.53% STZ CONSTELLATION BRANDS INC-A -- $391,911.00 1,546 2170473
2.40% CTVA CORTEVA INC -- $372,180.96 7,272 BK73B42
2.27% LPLA LPL FINANCIAL HOLDINGS INC -- $352,560.24 1,272 B75JX34
2.20% LW LAMB WESTON HOLDINGS INC -- $341,660.88 3,938 BDQZFJ3
2.19% AFL AFLAC INC -- $340,152.32 3,908 2026361
2.14% WFC WELLS FARGO & CO -- $332,173.80 5,787 2649100
2.09% JPM JPMORGAN CHASE & CO -- $324,581.50 1,675 2190385
2.09% HIG HARTFORD FINANCIAL SVCS GRP -- $323,874.32 3,256 2476193
2.08% PRU PRUDENTIAL FINANCIAL INC -- $322,929.05 2,855 2819118
2.04% CVS CVS HEALTH CORP -- $316,696.98 5,259 2577609
2.03% AIG AMERICAN INTERNATIONAL GROUP -- $315,118.64 4,292 2027342
2.00% MET METLIFE INC -- $310,188.75 4,525 2573209
1.95% RJF RAYMOND JAMES FINANCIAL INC -- $302,014.37 2,611 2718992
1.91% WRB WR BERKLEY CORP -- $296,422.95 3,793 2093644
1.72% FOXA FOX CORP - CLASS A -- $267,032.64 8,048 BJJMGL2
1.68% UAL UNITED AIRLINES HOLDINGS INC -- $261,170.64 5,256 B4QG225
1.67% GM GENERAL MOTORS CO -- $259,433.19 5,547 B665KZ5
1.65% DAL DELTA AIR LINES INC -- $256,121.04 5,257 B1W9D46
1.47% UBER UBER TECHNOLOGIES INC -- $228,886.02 3,267 BK6N347
1.45% ORLY O'REILLY AUTOMOTIVE INC -- $225,637.44 224 B65LWX6
1.44% DRI DARDEN RESTAURANTS INC -- $224,062.68 1,506 2289874
1.44% AZO AUTOZONE INC -- $224,029.78 79 2065955
1.43% GPC GENUINE PARTS CO -- $222,137.50 1,625 2367480
1.23% APD AIR PRODUCTS & CHEMICALS INC -- $190,672.02 693 2011602
1.22% LKQ LKQ CORP -- $189,886.77 4,713 2971029
1.10% AVY AVERY DENNISON CORP -- $170,803.62 754 2066408
1.06% WLK WESTLAKE CORP -- $164,813.00 1,100 B01ZP20
1.03% DOW DOW INC -- $159,282.90 2,895 BHXCF84
1.02% LIN LINDE PLC -- $158,175.90 362 BNZHB81
0.99% LYB LYONDELLBASELL INDU-CL A -- $153,312.06 1,639 B3SPXZ3
0.95% CF CF INDUSTRIES HOLDINGS INC -- $147,618.90 2,015 B0G4K50
0.90% RS RELIANCE INC -- $139,376.27 503 2729068
0.85% ALB ALBEMARLE CORP -- $131,561.21 1,271 2046853
0.85% NUE NUCOR CORP -- $131,177.12 848 2651086
-- -- NET OTHER ASSETS (LIABILITIES) -- $34,498.39 34,498 --

Index

as of 3/28/2024

  • Total Number of Companies50
  • Price/Earnings Ratio13.07
  • Price/Book Ratio2.243
  • Dividend Yield ( % )2.16
  • Avg. Index Market Capitalization$80.58 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 Insights and Research

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 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. 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.

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