The Proshares Ultra SmallCap 600 (SAA)

Profile:

Proshares Ultra SmallCap 600 (SAA) 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 S&P SmallCap 600 Index. In other words, if this underlying index declines by 1% for the day, the NAV of SAA 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 SAA rises by 2% as well.

Inception Date: 01/23/07

Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 01/23/2007
  • Exchange – NYSE Arca
  • Index Ticker – SAA
  • Intra-day NAV Ticker – SAA.IV
  • Expense Ratio - 0.95%

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 S&P SmallCap 600 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: 1.35%
Total Annual Fund Operating Expenses: 2.10%
Fee Waivers / Reimbursements: -1.15%
Total Net Annual Fund Operating Expenses: 0.95%

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

Company Weight
Watson Wyatt Worldwide 0.84%
Atmos Energy Corp. 0.80%
Piedmont Natural Gas Co. 0.71%
Proassurance Corp. 0.64%
Itron Inc. 0.62%
New Jersey Resources Corp. 0.59%
Senior Housing Properties 0.58%
Owens & Minor Inc. 0.56%
Mednax Inc. 0.54%
Haemonetics Corp. 0.54%

Other Small Cap ETFs

ETF Name Fund Manager Expense Ratio
Canadian SmallCap Index Fund (XCS-TSX)Claymore Investments, Inc.0.55%
Claymore/AlphaShares China Small Cap Index ETF (HAO)Claymore Advisors, LLC 0.70%
ELEMENTS Benjamin Graham Small Cap Value ETN (BSC)ELEMENTS Exchange-Traded Notes 0.75%
First Trust Dow Jones Select MicroCap ETF (FDM)First Trust Portfolios L.P0.60%
First Trust Small Cap Core AlphaDEX Fund (FYX)First Trust Portfolios L.P0.70%
FTSE NASDAQ Small Cap Portfolio ETF (PQSC)First Trust Portfolios L.P0.70%
iShares DJEuroStoxx SmallCap ETF (DJSC-LSE)iShares0.40%
iShares FTSE Developed Small Cap ex-North America Index Fund (IFSM)ishares0.50%
iShares Morningstar Small Core Index Fund (JKJ)ishares0.25%
iShares Morningstar Small Growth Index Fund (JKK)ishares0.30%
iShares Morningstar Small Value Index Fund (JKL)ishares0.30%
iShares MSCI EAFE Small Cap Index Fund (SCZ)ishares0.40%
iShares MSCI Japan Small Cap Index Fund (SCJ)ishares0.53%
iShares MSCI Japan SmallCap ETF (ISJP-LSE)iShares0.59%
iShares Russell Microcap (TM) Index Fund (IWC)ishares0.68%
iShares S&P SmallCap 600 ETF (ISP6-LSE)iShares0.40%
iShares S&P SmallCap 600 Growth Index Fund (IJT)ishares0.25%
iShares S&P SmallCap 600 Index Fund (IJR)ishares0.20%
iShares S&P SmallCap 600 Value Index Fund (IJS)ishares0.25%
Powershares Dynamic Small Cap Growth Portfolio ETF (PWT)Invesco PowerShares0.60%
Powershares Dynamic Small Cap Portfolio ETF (PJM)Invesco PowerShares0.60%
Powershares Dynamic Small Cap Value Portfolio ETF (PWY)Invesco PowerShares0.60%
Powershares FTSE RAFI US 1500 Small-Mid Portfolio ETF (PRFZ)InvescoPoweshares0.39%
Powershares Zacks Micro Cap Portfolio ETF (PZI)InvescoPoweshares0.60%
Powershares Zacks Small Cap Portfolio ETF (PZJ)InvescoPoweshares0.60%
ProShares Short SmallCap 600 ETF (SBB)InvescoPoweshares0.95%
ProShares Ultra SmallCap 600 ETF (SAA)InvescoPoweshares0.95%
ProShares UltraShort SmallCap 600 ETF (SDD)ProShares ETFs0.95%
Rydex S&P SmallCap 600 Pure Growth ETF (RZG)Rydex ETF Trust0.35%
Rydex S&P SmallCap 600 Pure Value ETF (RZV)Rydex ETF Trust0.35%
Small Cap Bear 3X - Triple-Leveraged ETF (TZA)Direxion Shares0.95%
Small Cap Bull 3X - Triple-Leveraged ETF (TNA)Direxion Shares0.95%
SPDR Dow Jones Wilshire Small Cap ETF (DSC)State Street Global Markets, LLC0.32%
SPDR Dow Jones Wilshire Small Cap Growth ETF (DSG)State Street Global Markets, LLC0.26%
SPDR Dow Jones Wilshire Small Cap Value ETF (DSV)State Street Global Markets, LLC0.27%
SPDR S&P International Small Cap ETF (GWX)State Street Global Markets, LLC0.59%
Vanguard Small-Cap ETF (VB)Vanguard Group, Inc.0.15%
Vanguard Small-Cap Growth ETF (VBK)Vanguard Group, Inc.0.15%
Vanguard Small-Cap Value ETF (VBR)Vanguard Group, Inc.0.15%
WisdomTree Europe SmallCap Dividend Fund (DFE)WisdomTree Investments, Inc.0.58%
WisdomTree International SmallCap Dividend Fund (DLS)WisdomTree Investments, Inc.0.58%
WisdomTree Japan SmallCap Dividend Fund (DFJ)WisdomTree Investments, Inc.0.58%
WisdomTree SmallCap Earnings Fund (EES)WisdomTree Investments, Inc.0.38%


Reference:

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

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