QUOTE AND NEWS
Forbes  Feb 11  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 Financials (AMEX: UYG) where we have detected an approximate $29.4 million dollar outflow -- that's a...
Forbes  Jan 23  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 Financials (AMEX: UYG) where we have detected an approximate $17.0 million dollar outflow -- that's a...
Forbes  Nov 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 Financials (AMEX: UYG) where we have detected an approximate $27.8 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 Financials (AMEX: UYG) where we have detected an approximate $14.7 million dollar outflow -- that's a...
Forbes  Aug 27  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 Financials (AMEX: UYG) where we have detected an approximate $17.6 million dollar outflow -- that's a...
Forbes  Jun 1  Comment 
In trading on Friday, shares of the Proshares Ultra Financials ETF (AMEX: UYG) entered into oversold territory, changing hands as low as $48.42 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical...
Wall Street Sector Selector  Oct 13  Comment 
NYSE:IYG, NYSE:FAS, NYSE:FAZ, NYSE:SKF, NYSE:UYG
Wall Street Sector Selector  Aug 8  Comment 
NYSE:UYG, NYSE:EWX, NYSE:IWM, NYSE:SPY, NYSE:DIA, NASDAQ:QQQ
Wall Street Sector Selector  May 27  Comment 
NYSE:XLF, NYSE:SEF, NYSE:UYG, NYSE:SKF, NYSE:FAS, NYSE:FAZ, NYSE:C, NYSE:BAC, NYSE:JPM
Benzinga  Mar 8  Comment 
ProShares Ultra Financials ETF (NYSE: UYG) is trading 4.1% higher than yesterday's close. This ETF has gained 9.01% year-to-date. (c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed...




 


Proshares Ultra Financials (AMEX: UYG) 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 U.S. Financials Index. In other words, if this underlying index declines by 1% for the day, the NAV of UYG 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 UYG rises by 2% as well.

Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 01/30/2007
  • Exchange – NYSE Arca
  • Index Ticker – UYG
  • Intra-day NAV Ticker – UYG.IV
  • Expense Ratio - 0.95%
  • Inception Date: 01/30/07

Investment Strategy

The Dow Jones U.S. Financials Index measures the performance of the financials industry of the U.S. equity market. Component companies include banks; insurance companies and brokers; real estate companies, including real estate investment trusts (REITs), real estate holding and development companies, and real estate services companies; financial services companies, including asset managers, consumer finance companies, specialty finance companies, investment services providers, mortgage finance providers, corporate closed-end investment entities such as investment trusts and venture capital trusts; and non-corporate, open-ended investment instruments such as open-ended investment companies and funds, unit trusts, ETFs, currency funds and split capital trusts.[1]

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 U.S. Financials 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: 0.95%
Distribution and Service (12b-1) Fee: 0.00%
Other Expenses: 0.29%
Total Annual Fund Operating Expenses: 1.04%
Fee Waivers / Reimbursements: -0.09%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings (As of July 23, 2010)[2]

Company Weight
J P Morgan Chase (JPM) 8.13%
Bank of America (BAC) 7.02%
Wells Fargo (WFC) 6.90%
Citigroup (C) 4.36%
Goldman Sachs Group (GS) 3.26%
Berkshire Hathaway (BRK) 3.13%
American Express Company (AXP) 2.45%
US BANCORP DELAWARE COM 2.33%
Visa (V) 1.92%
Morgan Stanley (MS) 1.76%
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Other Financial ETFs

ETF Name Fund Manager Expense Ratio
First Trust Financial AlphaDEX Fund (FXO)First Trust Portfolios L.P0.70%
iShares Dow Jones U.S. Financial Sector Index Fund (IYF)ishares0.48%
iShares Dow Jones U.S. Financial Services Index Fund (IYG)ishares0.48%
iShares S&P Global Financials Sector Index Fund (IXG)ishares0.48%
Powershares Dynamic Financials Sector Portfolio ETF (PFI)Invesco PowerShares0.60%
Powershares Financial Preferred Portfolio ETF (PGF)Invesco PowerShares0.60%
ProShares Short Financials ETF (SEF)ProShares ETFs0.95%
ProShares Short Financials ETF (SEF)InvescoPoweshares0.95%
ProShares Ultra Financials ETF (UYG)InvescoPoweshares0.95%
ProShares Ultra Financials ETF (UYG)InvescoPoweshares0.95%
ProShares UltraShort Financials ETF (SKF)ProShares ETFs0.95%
ProShares UltraShort Financials ETF (SKF)ProShares ETFs0.95%
Rydex 2x S&P Select Sector Financial ETF (RFL)Rydex ETF Trust0.70%
Rydex 2x S&P Select Sector Financial ETF (RFL)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P Select Sector Financial ETF (RFN)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P Select Sector Financial ETF (RFN)Rydex ETF Trust0.70%
Rydex S&P Equal Weight Financials ETF (RYF)Rydex ETF Trust0.50%
SPDR S&P International Financial Sector ETF (IPF)State Street Global Markets, LLC0.50%
Vanguard Financials ETF (VFH)Vanguard Group, Inc.0.25%
WisdomTree International Financial Sector Fund (DRF)WisdomTree Investments, Inc.0.58%
Horizons BetaPro S&P/TSX Capped Financials Bear Plus ETF (HFD-TSX)Horizons BetaPro ETFs1.15%
Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF (HFU-TSX)Horizons BetaPro ETFs1.15%
iShares CDN Financial Sector Index Fund (XFN-TSX)iShares0.55%

References

  1. ProShares Ultra Financials: Index/Benchmark Summary
  2. ProShare Ultra Financial Daily Holdings
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