QUOTE AND NEWS
Forbes  Dec 31  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares Ultra Bloomberg Crude Oil (UCO), which added 4,800,000 units, or a 12.3% increase week over week. 
Forbes  Nov 6  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF (SPY), which added 38,800,000 units, or a 4.3% increase week over week.  Among the largest...
Forbes  Oct 7  Comment 
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily Small Cap Bear 3x Shares (TZA), where 9,450,000 units were destroyed, or a 18.2% decrease week over...
Forbes  Apr 23  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF (SPY), which added 4,550,000 units, or a 0.5% increase week over week.  Among the largest...
Forbes  Oct 15  Comment 
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the SPDR Barclays Short Term Corporate Bond ETF (SCPB), which shed 13,000,000 shares, or a 12.2% decrease...




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The Proshares Ultra Utilities (UPW)

Profile:

Proshares Ultra Utilities (UPW) 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 Dow Jones US Utilities Index. In other words, if this underlying index declines by 1% for the day, the NAV of UPW 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 UPW rises by 2% as well.

Inception Date: 01/30/07

Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 01/30/2007
  • Exchange – NYSE Arca
  • Index Ticker – UPW
  • Intra-day NAV Ticker – UPW.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 Dow Jones US Utilities 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: 0.86%
Total Annual Fund Operating Expenses: 1.61%
Fee Waivers / Reimbursements: -0.66%
Total Net Annual Fund Operating Expenses: 0.95%

Top 10 Holdings: (As of February 16, 2009)

Company Weight
Exelon Corp. 8.78%
Southern Co. 5.97%
Dominion Resources 4.98%
FPL Group Inc. 4.74%
Duke Energy Corp. 4.58%
Public Service Enterprise 3.90%
Firstenergy Corp. 3.88%
PG&E Corp. 3.38%
Entergy Corp. 3.28%
American Electrical Power 3.16%

Other ETFs

ETF Name ETF Name Fund Manager
iShares Dow Jones U.S. Utilities Sector Index Fund (IDU)iShares Dow Jones U.S. Utilities Sector Index Fund (IDU)ishares
iShares S&P Global Utilities Sector Index Fund (JXI)iShares S&P Global Utilities Sector Index Fund (JXI)ishares
Powershares Dynamic Utilities Portfolio ETF (PUI)Powershares Dynamic Utilities Portfolio ETF (PUI)Invesco PowerShares
Powershares Dynamic Utilities Portfolio ETF (PUI)Powershares Dynamic Utilities Portfolio ETF (PUI)Invesco PowerShares
ProShares Ultra Utilities ETF (UPW)ProShares Ultra Utilities ETF (UPW)InvescoPoweshares
ProShares Ultra Utilities ETF (UPW)ProShares Ultra Utilities ETF (UPW)InvescoPoweshares
ProShares UltraShort Utilities ETF (SDP)ProShares UltraShort Utilities ETF (SDP)ProShares ETFs
ProShares UltraShort Utilities ETF (SDP)ProShares UltraShort Utilities ETF (SDP)ProShares ETFs
Rydex S&P Equal Weight Utilities ETF (RYU)Rydex S&P Equal Weight Utilities ETF (RYU)Rydex ETF Trust
SPDR S&P International Utilities Sector ETF (IPU)SPDR S&P International Utilities Sector ETF (IPU)State Street Global Markets, LLC
Utilities Select Sector SPDR Fund (XLU)Utilities Select Sector SPDR Fund (XLU)State Street Global Markets, LLC
Vanguard Utilities ETF (VPU)Vanguard Utilities ETF (VPU)Vanguard Group, Inc.
WisdomTree International Utilities Sector Fund (DBU)WisdomTree International Utilities Sector Fund (DBU)WisdomTree Investments, Inc.


Reference:

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

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