The Proshares Ultra Russell1000 Growth (UKF)
Profile:
Proshares Ultra Russell1000 Growth (UKF) 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 Russell1000 Growth Index. In other words, if this underlying index declines by 1% for the day, the NAV of UKF 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 UKF rises by 2% as well.
Inception Date: 02/20/07
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 Russell1000 Growth 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:
| 0.81%
|
| Total Annual Fund Operating Expenses:
| 1.56%
|
| Fee Waivers / Reimbursements:
| -0.61%
|
| Total Net Annual Fund Operating Expenses:
| 0.95%
|
Top 10 Holdings: (As of February 27, 2009)
| Company
| Weight
|
| Microsoft Corp
| 3.35%
|
| International Business Machines
| 3.27%
|
| Wal-Mart Stores Inc.
| 2.30%
|
| Cisco Systems Inc.
| 2.22%
|
| Google Inc.
| 2.07%
|
| Apple Inc.
| 2.03%
|
| Abbott Laboratories
| 1.89%
|
| Pepsico Inc.
| 1.85%
|
| Hewlett-Packard
| 1.85%
|
| Philip Morris
| 1.82%
|
Reference:
Company Website: http://www.proshares.com
