Proshares Ultra Basic Materials (UYM)

QUOTE AND NEWS
Forbes  Feb 23  Comment 
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst...
Forbes  Sep 19  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Core S&P Mid-Cap ETF (IJH), which added 10,500,000 units, or a 6.5% increase week over week.  Among the...
Forbes  Sep 11  Comment 
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Utilities Select Sector SPDR Fund (XLU), where 5,800,000 units were destroyed, or a 4.2% decrease week over...
Forbes  Sep 3  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Utilities Select Sector SPDR Fund (XLU), which added 7,900,000 units, or a 6.1% increase week over week.  Among...
Forbes  Aug 27  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF (SPY), which added 16,600,000 units, or a 2.0% increase week over week.  Among the largest...
Forbes  Aug 4  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Japan ETF (EWJ), which added 4,800,000 units, or a 0.4% increase week over week. 
Forbes  Sep 17  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares Ultra Basic Materials (AMEX: UYM) where we have detected an approximate $11.3 million dollar outflow --...
Wall Street Sector Selector  May 27  Comment 
NASDAQ:IBB, NYSE:UYM, NYSE:IWM, NASDAQ:QQQ, NYSE:SPY, NYSE:DIA
Benzinga  Apr 19  Comment 
VelocityShares Daily Inverse VIX Short Term ETN (NYSE: XIV) jumped 5.11% on Tuesday, and closed at $152.53. It had a volume of 495K traded shares, and its average volume is 107K shares. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE:...
Wall Street Sector Selector  Dec 3  Comment 
David Fry From ETF Digest goes into detail on two material sector ETFs discussing the Materials Select Sector SPDR ETF (NYSE:XLB) and the ProShares Ultra Basic Materials ETF (NYSE:UYM)(...)Read the rest of Two Material Sector ETFs In Focus...




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The Proshares Ultra Basic Materials (UYM)

Profile:

Proshares Ultra Basic Materials (UYM) is an Exchange Traded Fund (ETF) that seeks to mimic the daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones US Basic Materials Index. In other words, if this underlying index declines by 1% for the day, the NAV of UYM will more or less decline by 2%, before fees and expenses. In the same manner, if this underlying index rises by 1% for the day, the NAV of UYM rises by 2% as well.

Inception Date: 01/30/07

Investment Strategy:

The principal investment strategies of this fund include:

  • investing in equity securities and financial instruments (including derivatives) that the fund managers believe will produce twice the daily return of the Dow Jones US Basic Materials Index.
  • committing at least 80% of its net assets to equity securities or financial instruments that have similar economic characteristics contained in the Index.
  • employing leveraged investment techniques or sampling techniques in seeking its investment objective.
  • assets not invested in equity securities or financial instruments are invested in debt securities or money market instruments.
  • concentrating its investments in a particular industry to approximately the same extent as the Index

Annual Fund Operating Expenses

Investment Advisory Fee: 0.75%
Distribution and Service (12b-1) Fee: 0.00%
Other Expenses: 0.67%
Total Annual Fund Operating Expenses: 1.42%
Fee Waivers / Reimbursements: -0.47%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings: (As of February 12, 2009)

Company Weight
Praxair Inc. 9.32%
El Du Pont De Nemours & Co. 9.06%
Newmont Mining Co. 8.30%
Nucor Co. 5.51%
Freeport-McMoran Copper & Gold Inc. 4.93%
Air Products & Chemicals 4.74%
Dow Chemical Co. 4.11%
Peabody Energy Co. 3.33%
Rohm & Haas Co. 3.24%
The Mosaic Co. 2.82%

Reference:

Company Website: http://www.proshares.com

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