The Proshares Ultra Russell1000 Value (UVG)

Profile:

Proshares Ultra Russell1000 Value (UVG) 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 Value Index. In other words, if this underlying index declines by 1% for the day, the NAV of UVG 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 UVG 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 Value 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: 1.31%
Total Annual Fund Operating Expenses: 2.06%
Fee Waivers / Reimbursements: -1.11%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings: (As of February 27, 2009)

Company Weight
Exxon Mobil Corp 8.19%
AT&T Inc. 4.20%
Chevron Corp. 3.74%
Johnson and Johnson 3.09%
Proctor and Gamble 2.72%
General Electric 2.66%
JPMorgan Chase and Co. 2.52%
Pfizer 2.48%
Verizon Communications 2.42%
ConocoPhilips 1.71%

Reference:

Other Russell 1000 ETFs

ETF Name Fund Manager Expense Ratio
iShares Russell 1000 Growth Index Fund (IWF)ishares0.20%
iShares Russell 1000 Index Fund (IWB)ishares0.15%
iShares Russell 1000 Value Index Fund (IWD)ishares0.20%
ProShares Ultra Russell 1000 Growth ETF (UKF)InvescoPoweshares0.95%
ProShares Ultra Russell 1000 Growth ETF (UKF)InvescoPoweshares0.95%
ProShares Ultra Russell 1000 Value ETF (UVG)InvescoPoweshares0.95%
ProShares Ultra Russell 1000 Value ETF (UVG)InvescoPoweshares0.95%
ProShares UltraShort Russell 1000 Growth ETF (SFK)ProShares ETFs0.95%
ProShares UltraShort Russell 1000 Growth ETF (SFK)ProShares ETFs0.95%
ProShares UltraShort Russell 1000 Value ETF (SJF)ProShares ETFs0.95%
ProShares UltraShort Russell 1000 Value ETF (SJF)ProShares ETFs0.95%



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

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