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My Trader's Journal
Sep 29
Comment
For the past few months I've written about my lack of buyer's remorse, not because I wasn't remorseful of what I bought, but because I was remorseful of what I didn't buy. (Still with me?) For months I've stayed underinvested, waiting on a...
Fund my Mutual Fund
Oct 10
Comment
This is the opposite of our friend from inception Ultrashort Russell 2000 (TWM)
It is double long the Russell 2000 - instead of jumping back into 25 stocks in scale it will be easier to just use this instrument for trading purposes as I sip on my...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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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. |
TOP CONTRIBUTORS
The Proshares Ultra Russell2000 (UWM)
Profile:
Proshares Ultra Russell2000 (UWM) 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 Russell 2000 Index. In other words, if this underlying index declines by 1% for the day, the NAV of UWM 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 UWM rises by 2% as well.
Inception Date: 01/23/07
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 Russell2000 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: | 0.74% |
| Total Annual Fund Operating Expenses: | 1.49% |
| Fee Waivers / Reimbursements: | -0.54% |
| Total Net Annual Fund Operating Expenses: | 0.95% |
Top 10 Holdings: (As of February 27, 2009)
| Company | Weight |
|---|---|
| Myriad Genetics | 0.61% |
| Ralcorp Holdings Inc. | 0.59% |
| Alexion Pharmaceutical | 0.48% |
| Sybase Inc. | 0.37% |
| Watson Wyatt Worldwide | 0.36% |
| Osi Pharmaceutical Inc. | 0.34% |
| Waste Connections Inc. | 0.33% |
| Aspen Insurance Holdings | 0.32% |
| ITC Holdings Inc. | 0.31% |
| Wendy's / Arby's Group Inc. | 0.31% |
Reference:
Company Website: http://www.proshares.com
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