ProShares Files For 17 Leveraged Long and Inverse ETFs

Proshares has filed for 17 new leveraged and inverse ETFs. These funds cover gold miner, retail, 3-7 Year Treasury, TIPS, and Canadian genres. The total net annual fund operating expenses for each of these new funds is .95%. Each series of ProShares (each, a “Fund” and, collectively, the “Funds”) is designed to seek daily investment results that, before fees and expenses, correspond to the performance of a daily benchmark, such as the inverse (opposite) of the daily price performance or a multiple (or multiple of the inverse) of the daily price performance, of an index or security.

Ultra Sector
 
Ultra Gold Miners (2X)
ProShares Ultra Gold Miners (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the NYSE Arca Gold Miners Index. The Fund invests in equity securities and derivatives that ProShare Advisors believes, in combination, should have similar daily performance characteristics as twice (200%) the daily return of the Index.
   
Ultra S&P Retail (2X)
ProShares Ultra S&P Retail (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P Retail Select Industry® Index. The Fund invests in equity securities and derivatives that ProShare Advisors believes, in combination, should have similar daily performance characteristics as twice (200%) the daily return of the Index.
 
 
Ultra International

Ultra MSCI Canada (2X)
ProShares Ultra MSCI Canada (the “Fund”) seeks  daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI Canada Index®. The Fund invests in equity securities and derivatives that ProShare Advisors believes, in combination, should have similar daily performance characteristics as twice (200%) the daily return of the Index.

 
Ultra Fixed-Income
 
Ultra 3-7 Year Treasury (2X)
ProShares Ultra 3-7 Year Treasury (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the 3-7 Year U.S. Treasury Bond Index. The Fund invests in U.S. Treasury securities and derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the daily return of the Index.

Ultra TIPs (2X)
ProShares Ultra TIPs (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the U.S Treasury Inflation Protected Securities (TIPs) Index. The Fund invests in U.S. Treasury securities and derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining maturity, are non-convertible, are denominated in U.S. dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.

UltraPro 3-7 Year Treasury (3X)
ProShares UltraPro 3-7 Year Treasury (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to triple (300%) the daily performance of the 3-7 Year U.S. Treasury Bond Index. The Fund invests in U.S. Treasury securities and derivatives that ProShare Advisors believes should have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of more than three years and less than seven years, are non-convertible, are denominated in U.S. dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.

Short Sector
 
Short Gold Miners (-1X)
ProShares Short Gold Miners (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the NYSE Arca Gold Miners Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as the inverse of the daily performance of the Index.

Short S&P Retail (-1X)
ProShares Short S&P Retail (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the S&P Retail Select Industry® Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as the inverse of the daily performance of the Index.

UltraShort Gold Miners (-2X)
ProShares UltraShort Gold Miners (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the NYSE Arca Gold Miners Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the inverse of the daily return of the Index.

UltraShort S&P Retail (-2X)
ProShares UltraShort S&P Retail (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P Retail Select Industry® Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the inverse of the daily return of the Index.
 
 
Short International
 
Short MSCI Canada (-1X)
ProShares Short MSCI Canada (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the MSCI Canada Index®. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as the inverse of the daily return of the Index.

UltraShort MSCI Canada (-2X)
ProShares UltraShort MSCI Canada (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Canada Index®. Because the value of the Index is not computed as of the close of the U.S. securities markets due to differences in trading hours between U.S. and foreign markets, correlation to the Index will be measured by comparing the daily change in the Fund’s net asset value per share to the performance of one or more U.S. exchange traded securities or instruments that reflect the values of the securities underlying the Index as of the close of the U.S. securities markets. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the inverse of the daily return of the Index.
 
 
Short Fixed-Income

Short 3-7 Year Treasury (-1X)
ProShares Short 3-7 Year Treasury (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments that correspond to the inverse (opposite) of the daily performance of the 3-7 Year U.S. Treasury Bond Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as the inverse of the daily return of the Index.

Short TIPs (-1X)
ProShares Short TIPs (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to the inverse (opposite) of the daily performance of the U.S Treasury Inflation Protected Securities (TIPS) Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as the inverse of the daily return of the Index. The Index includes all publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining maturity, are non-convertible, are denominated in U.S. dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.

UltraShort 3-7 Year Treasury (-2X)
ProShares UltraShort 3-7 Year Treasury (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the inverse of the daily return of the Index.

UltraShort TIPs (-2x)
ProShares UltraShort TIPs (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the inverse of the daily return of the Index. The Index includes all publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining maturity, are non-convertible, are denominated in U.S. dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.

UltraPro Short 3-7 Year Treasury (-3X)
ProShares UltraPro Short 3-7 Year Treasury (the “Fund”) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to triple (300%) the inverse (opposite) of the daily performance of the Index. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as triple (300%) the inverse of the daily return of the Index.

For the full prospectus click: HERE

Leave a Reply

Your email address will not be published. Required fields are marked *