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|This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund.|
Proshares Ultra QQQ (QLD) 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 Nasdaq - 100 Index. In other words, if this underlying index declines by 1% for the day, the NAV of QLD 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 QLD rises by 2% as well.
Inception Date: 06/19/06
The principal investment strategies of this fund include:
|Investment Advisory Fee:||0.75%|
|Distribution and Service (12b-1) Fee:||0.00%|
|Total Annual Fund Operating Expenses:||1.04%|
|Fee Waivers / Reimbursements:||-0.09%|
|Total Net Annual Fund Operating Expenses:||0.95%|
|Cisco Systems Inc.||2.99%|
Company Website: http://www.proshares.com