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.

How to buy
View all Fund detail sections

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.

How to buy

Investment Objective

ProShares Equities for Rising Rates ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq U.S. Large Cap Equities for Rising Rates Index. The goal of the fund is 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.

Documents & Downloads
Fund Fact Sheet
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Annual Report
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Fund Profile
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Attribution 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

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

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 8/31/2023
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EQRR Market Price -2.84% 16.18% -1.49% 4.76% 10.26% 21.31% 3.18% -- 6.85% 07/24/2017
EQRR NAV -3.05% 16.07% -1.54% 4.50% 9.99% 21.61% 3.16% -- 6.83% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index -3.03% 16.23% -1.36% 4.76% 10.37% 22.09% 3.54% -- 7.23% --

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
  • Expense Ratio 0.35%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 7/31/2023
  • Number of Companies 50
  • Price/Earnings Ratio 9.02
  • Price/Book Ratio 1.9

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

  • Distribution Yield 2.99%

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

  • Weighted Avg. Market Cap $49.46 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 2.35%

    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.

  • Weighted Average Yield to
    Maturity     --
  • Net Effective Duration --
Price
as of 9/29/2023
  • NAV $50.68
  • NAV Change $-0.48 down caret
  • Market Price $50.62
  • Market Price Change $-0.48 down caret
  • Trading Volume (M) 3,381
  • 30-Day Median Bid Ask Spread 0.11%
  • 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 7/31/2023
  • Number of Companies 50
  • Price/Earnings Ratio 9.02
  • Price/Book Ratio 1.9

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

  • Distribution Yield 2.99%

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

  • Weighted Avg. Market Cap $49.46 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 2.35%

    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.

  • Weighted Average Yield to Maturity --
  • Net Effective Duration --
Price
as of 9/29/2023
  • NAV $50.68
  • NAV Change $-0.48 down caret
  • Market Price $50.62
  • Market Price Change $-0.48 down caret
  • Trading Volume (M) 3,381
  • 30-Day Median Bid Ask Spread 0.11%
  • View Premium / Discount

Exposures

Index as of 6/30/2023 and Fund as of 9/29/2023

Holdings

as of 9/29/2023

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
3.77% MPC MARATHON PETROLEUM CORP -- $1,108,414.16 7,324 B3K3L40
3.63% OVV OVINTIV INC -- $1,066,899.96 22,428 BJ01KB6
3.51% VLO VALERO ENERGY CORP -- $1,031,223.67 7,277 2041364
3.45% SLB SCHLUMBERGER LTD -- $1,013,720.40 17,388 2779201
3.42% FANG DIAMONDBACK ENERGY INC -- $1,006,565.12 6,499 B7Y8YR3
3.38% MRO MARATHON OIL CORP -- $992,237.75 37,093 2910970
3.27% HES HESS CORP -- $961,146.00 6,282 2023748
3.22% EOG EOG RESOURCES INC -- $945,376.08 7,458 2318024
3.22% PXD PIONEER NATURAL RESOURCES CO -- $945,286.90 4,118 2690830
2.87% DVN DEVON ENERGY CORP -- $842,715.90 17,667 2480677
2.69% MET METLIFE INC -- $791,973.99 12,589 2573209
2.64% LPLA LPL FINANCIAL HOLDINGS INC -- $777,353.15 3,271 B75JX34
2.49% CFG CITIZENS FINANCIAL GROUP -- $731,291.60 27,287 BQRX1X3
2.48% MTB M & T BANK CORP -- $727,593.30 5,754 2340168
2.39% CF CF INDUSTRIES HOLDINGS INC -- $703,239.48 8,202 B0G4K50
2.34% SCHW SCHWAB (CHARLES) CORP -- $689,214.60 12,554 2779397
2.34% FITB FIFTH THIRD BANCORP -- $687,734.83 27,151 2336747
2.34% RF REGIONS FINANCIAL CORP -- $686,916.40 39,937 B01R311
2.34% HBAN HUNTINGTON BANCSHARES INC -- $686,483.20 66,008 2445966
2.32% WFC WELLS FARGO & CO -- $681,422.22 16,677 2649100
2.31% BAC BANK OF AMERICA CORP -- $679,215.66 24,807 2295677
2.16% IP INTERNATIONAL PAPER CO -- $634,877.53 17,899 2465254
2.02% WLK WESTLAKE CORP -- $593,803.21 4,763 B01ZP20
2.00% LYB LYONDELLBASELL INDU-CL A -- $587,045.30 6,199 B3SPXZ3
1.97% MOS MOSAIC CO/THE -- $579,105.20 16,267 B3NPHP6
1.91% STLD STEEL DYNAMICS INC -- $560,438.94 5,227 2849472
1.87% DOW DOW INC -- $551,124.84 10,689 BHXCF84
1.87% RS RELIANCE STEEL & ALUMINUM -- $549,109.62 2,094 2729068
1.81% FCX FREEPORT-MCMORAN INC -- $530,748.57 14,233 2352118
1.61% CAT CATERPILLAR INC -- $473,382.00 1,734 2180201
1.49% GD GENERAL DYNAMICS CORP -- $438,625.45 1,985 2365161
1.48% ALB ALBEMARLE CORP -- $433,942.08 2,552 2046853
1.46% GE GENERAL ELECTRIC CO -- $429,486.75 3,885 BL59CR9
1.41% WAB WABTEC CORP -- $413,602.84 3,892 2955733
1.38% PWR QUANTA SERVICES INC -- $406,316.04 2,172 2150204
1.36% HWM HOWMET AEROSPACE INC -- $398,675.00 8,620 BKLJ8V2
1.31% SYF SYNCHRONY FINANCIAL -- $384,937.44 12,592 BP96PS6
1.29% COF CAPITAL ONE FINANCIAL CORP -- $378,689.10 3,902 2654461
1.24% AXP AMERICAN EXPRESS CO -- $365,664.69 2,451 2026082
1.08% BKNG BOOKING HOLDINGS INC -- $317,646.85 103 BDRXDB4
1.07% RTX RTX CORP -- $313,501.32 4,356 BM5M5Y3
1.03% MAR MARRIOTT INTERNATIONAL -CL A -- $303,881.76 1,546 2210614
1.00% HLT HILTON WORLDWIDE HOLDINGS IN -- $294,052.44 1,958 BYVMW06
0.86% RCL ROYAL CARIBBEAN CRUISES LTD -- $252,740.02 2,743 2754907
0.82% LKQ LKQ CORP -- $241,856.35 4,885 2971029
0.82% ULTA ULTA BEAUTY INC -- $241,667.25 605 B28TS42
0.81% MGM MGM RESORTS INTERNATIONAL -- $238,278.32 6,482 2547419
0.75% DAL DELTA AIR LINES INC -- $221,704.00 5,992 B1W9D46
0.75% UAL UNITED AIRLINES HOLDINGS INC -- $219,537.00 5,190 B4QG225
0.72% IPG INTERPUBLIC GROUP OF COS INC -- $211,596.78 7,383 2466321
-- -- NET OTHER ASSETS (LIABILITIES) -- $71,471.13 71,471 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 6/30/2023

  • Total Number of Companies50
  • Price/Earnings Ratio8.106
  • Price/Book Ratio1.763
  • Dividend Yield ( % )2.70
  • Avg. Index Market Capitalization$47.37 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

For

2023
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
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

A Playbook for Rising Rates

An Equity Strategy Built for Rising Rates

Bond Strategies for Rising Rates—Shorten, Float or Hedge?

The Next Rate Hike

Consider Interest Rate Hedged Bond ETFs Rather Than Floating Rate Bond Strategies

Rising Rates: How Short Duration Strategies Stacked Up
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.

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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