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The Proshares Ultra Health Care (RXL)

Profile:

Proshares Ultra Health Care (RXL) 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 Health Care Index. In other words, if this underlying index declines by 1% for the day, the NAV of RXL 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 RXL rises by 2% as well.

Inception Date: 01/30/07

Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 01/30/2007
  • Exchange – NYSE Arca
  • Index Ticker – RXL
  • Intra-day NAV Ticker – RXL.IV
  • Expense Ratio - 0.95%

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 Health Care 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: 1.00%
Total Annual Fund Operating Expenses: 1.75%
Fee Waivers / Reimbursements: -0.80%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings: (As of February 13, 2009)

Company Weight
Johnson and Johnson 12.27%
Pfizer 7.56%
Abbott Laboratories 6.50%
Amgen Inc. 4.71%
Merck & Co. Inc. 4.67%
Wyeth 4.45%
Gilead Sciences 3.52%
Bristol Myers Squibb Co. 3.29%
Genentech 2.97%
Medtronic 2.83%

Other Healthcare ETFs

ETF Name Fund Manager Expense Ratio
First Trust Health Care AlphaDEX Fund (FXH)First Trust Portfolios L.P0.70%
Health Care Select Sector SPDR Fund (XLV)State Street Global Markets, LLC0.21%
iShares Dow Jones U.S. Healthcare Providers Index Fund (IHF)ishares0.48%
iShares Dow Jones U.S. Healthcare Sector Index Fund (IYH)ishares0.48%
iShares S&P Global Healthcare Sector Index Fund (IXJ)ishares0.48%
Powershares Dynamic Healthcare Sector Portfolio ETF (PTH)Invesco PowerShares0.60%
Powershares Dynamic Healthcare Sector Portfolio ETF (PTH)Invesco PowerShares0.60%
Powershares Dynamic Healthcare Services Portfolio ETF (PTJ)Invesco PowerShares0.60%
Powershares Dynamic Healthcare Services Portfolio ETF (PTJ)Invesco PowerShares0.60%
ProShares Ultra Health Care ETF (RXL)InvescoPoweshares0.95%
ProShares Ultra Health Care ETF (RXL)InvescoPoweshares0.95%
ProShares UltraShort Health Care ETF (RXD)ProShares ETFs0.95%
ProShares UltraShort Health Care ETF (RXD)ProShares ETFs0.95%
Rydex 2x S&P Select Sector Health Care ETF (RHM)Rydex ETF Trust0.70%
Rydex 2x S&P Select Sector Health Care ETF (RHM)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P Select Sector Health Care ETF (RHO)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P Select Sector Health Care ETF (RHO)Rydex ETF Trust0.70%
Rydex S&P Equal Weight Health Care ETF (RYH)Rydex ETF Trust0.50%
SPDR S&P International Health Care Sector ETF (IRY)State Street Global Markets, LLC0.50%
Vanguard Health Care ETF (VHT)Vanguard Group, Inc.0.25%
WisdomTree International Health Care Sector Fund (DBR)WisdomTree Investments, Inc.0.58%


Reference:

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

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