QUOTE AND NEWS
Forbes  Mar 15  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  Feb 22  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  Feb 12  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  Aug 21  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 Proshares Ultra S&P500 (SSO), where 3,825,000 units were destroyed, or a 15.5% decrease week over week. ...
Forbes  May 3  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 S&P500 (AMEX: SSO) where we have detected an approximate $122.8 million dollar outflow -- that's a...
Forbes  Apr 24  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 S&P500 (AMEX: SSO) where we have detected an approximate $27.8 million dollar outflow -- that's a...
Forbes  Sep 28  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 S&P500 (AMEX: SSO) where we have detected an approximate $13.9 million dollar outflow -- that's a...
Forbes  Sep 20  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 S&P500 (AMEX: SSO) where we have detected an approximate $47.3 million dollar outflow -- that's a...
Forbes  Aug 28  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 S&P500 (AMEX: SSO) where we have detected an approximate $39.6 million dollar outflow -- that's a...
Forbes  Jun 8  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 S&P500 (AMEX: SSO) where we have detected an approximate $45.9 million dollar outflow -- that's a...




 

The Proshares Ultra S&P500 (SSO)

Profile:

Proshares Ultra S&P500 (SSO) 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 S&P 500 Index. In other words, if this underlying index declines by 1% for the day, the NAV of SSO 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 SSO rises by 2% as well.

It's important to remember that leveraged ETFs like SSO are rebalanced each trading day relative to the index they track. So (for example) when someone says "The S&P 500 is up 7% this week," that doesn't tell you very much at all about the performance of SSO or any other leveraged ETF that tracks that index. Nor is this the kind of tracking error that 'evens out' over time; in most circumstances, these divergences will widen over time.

Inception Date: 06/19/06


Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 06/19/2006
  • Exchange – NYSE Arca
  • Index Ticker – SSO
  • Intra-day NAV Ticker – SSO.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 S&P 500 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: 0.23%
Total Annual Fund Operating Expenses: 0.98%
Fee Waivers / Reimbursements: -0.03%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings: (As of February 26, 2009)

Company Weight
Exxon Mobil Corp. 5.51%
Proctor and Gamble 2.23%
Johnson and Johnson 2.22%
AT&T Inc. 2.17%
Chevron Corp. 1.96%
Microsoft Corp. 1.92%
International Business Machines 1.82%
Walmart Stores Inc. 1.65%
General Electric 1.46%
JP Morgan Chase 1.31%


Other S&P 500 ETFs

ETF Name Fund Manager Expense Ratio
CBOE S&P 500 BuyWrite Index ETN (BWV)Barclays Bank0.75%
S&P 500 BuyWrite Portfolio ETF (PBP)Invesco PowerShares0.75%
iShares S&P 500 Growth Index Fund (IVW)ishares0.18%
iShares S&P 500 Index Fund (IVV)ishares0.09%
iShares S&P 500 Value Index Fund (IVE)ishares0.18%
ProShares Short S&P 500 ETF (SH)InvescoPoweshares0.95%
ProShares Ultra S&P 500 ETF (SSO)InvescoPoweshares0.95%
ProShares UltraShort S&P 500 ETF (SDS)ProShares ETFs0.91%
ProShares UltraShort S&P 500 ETF (SDS)ProShares ETFs0.91%
Rydex 2x S&P 500 ETF (RSU)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P 500 ETF (RSW)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P 500 ETF (RSW)Rydex ETF Trust0.70%
Rydex S&P 500 Pure Growth ETF (RPG)Rydex ETF Trust0.35%
Rydex S&P 500 Pure Value ETF (RPV)Rydex ETF Trust0.35%
SPDR S&P 500 ETF (SPY)State Street Global Markets, LLC0.10%
iShares S&P 500 ETF (IUSA-LSE)iShares0.40%


Reference:

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

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