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ProShares K-1 Free Crude Oil Strategy ETF

ETF
OILK
Payout Change
Pending
Price as of:
$43.04 -0.25 -0.58%
primary theme
Commodity
OILK (ETF)

ProShares K-1 Free Crude Oil Strategy ETF

Payout Change
Pending
Price as of:
$43.04 -0.25 -0.58%
primary theme
Commodity
OILK (ETF)

ProShares K-1 Free Crude Oil Strategy ETF

Payout Change
Pending
Price as of:
$43.04 -0.25 -0.58%
primary theme
Commodity

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ProShares K-1 Free Crude Oil Strategy ETF

OILK | ETF

$43.04

$133 M

3.28%

$1.42

0.69%

Vitals

YTD Return

4.7%

1 yr return

-2.6%

3 Yr Avg Return

10.4%

5 Yr Avg Return

-2.5%

Net Assets

$133 M

Holdings in Top 10

80.9%

52 WEEK LOW AND HIGH

$43.3
$40.63
$49.59

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ProShares K-1 Free Crude Oil Strategy ETF

OILK | ETF

$43.04

$133 M

3.28%

$1.42

0.69%

OILK - Profile

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return -2.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.67%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    ProShares K-1 Free Crude Oil Strategy ETF
  • Fund Family Name
    ProShares Trust
  • Inception Date
    Sep 26, 2016
  • Shares Outstanding
    1734034
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index.The Index is designed to measure the performance of three separate contract schedules for West Texas Intermediate (“WTI”) Crude Oil futures. One-third of the index measures the performance of contracts that expire monthly. Each month, this portion of the Index rolls from the current futures contract into the following month’s contract. Another third of the Index measures the performance of futures contracts that expire annually in June. In March, this portion of the Index rolls from the current June futures contract into the following year’s June contract. The remaining third of the Index measures the performance of futures contracts that expire annually in December. In September, this portion of the Index rolls from the current December futures contract into the following year’s December contract. The Index is reset to equal weight in March and September. The Index is constructed and maintained by Bloomberg Index Services Limited. More information about the Index can be found using the Bloomberg ticker symbol “BCBCLI.”In order to maintain its exposure to WTI crude oil futures contracts, the Fund must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. This is often referred to as “rolling” a futures contract. Futures contracts with a longer term to expiration may be priced higher than futures contracts with a short term to expiration, a relationship called “contango.” When rolling futures contracts that are in contango, the Fund will sell the expiring contract at a relatively lower price and buy a longer-dated contract at a relatively higher price.Conversely, futures contracts with a longer term to expiration may be priced lower than futures contracts with a short term to expiration, a relationship called “backwardation.” When rolling futures contracts that are in backwardation, the Fund will be selling the expiring contract at a relatively higher price and buying a longer-dated contract at a relatively lower price.The weighting (i.e., percentage) of each of the three contract schedules included in the Index fluctuate above or below one-third between the semi-annual reset dates due to changing futures prices and the impact of rolling the futures positions. As a result, the weighting of each contract in the Index will “drift” away from equal weighting. The Index reflects the cost of rolling the futures contracts included in the Index, without regard to income earned on cash positions.Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.●Derivatives — Financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, ETFs, exchange-traded commodity pools, interest rates or indexes. The Fund invests in derivatives in order to gain exposure to the Index. These derivatives principally include:○Futures Contracts — Standardized contracts that obligate the parties to buy or sell an asset at a predetermined price and date in the future.○Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard swap transaction, two parties agree to exchange or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.●Exchange-Traded Products (ETPs) — The Fund invests in ETPs or exchange-traded funds (“ETFs”) including registered investment companies and exchange-traded commodity pools. ETPs are types of securities that derive their value from a basket of securities such as stocks, bonds, commodities or indices, and trade intra-day on a national exchange. ETFs are typically open-end investment companies or unit investment trusts whose shares represent an interest in a portfolio of securities. Exchange traded commodity pools are investment vehicles who shares represent an interest in a portfolio of commodities or derivatives whose value is derived from commodities. The Fund may invest in ETPs that are sponsored by an affiliate of the Advisor.●Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:○U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.○Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.ProShare Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective. The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. The Fund may also invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure consistent with the investment objective.The Fund expects to gain exposure by investing a portion of its assets in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands and advised by ProShare Advisors. Because the Fund intends to qualify for treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended, the Fund intends to invest no more than 25% of the Fund’s total assets in the subsidiary at each quarter end of the Fund’s tax year. Exceeding this amount may have tax consequences, see the section entitled “Tax Risk” in the Fund’s Prospectus for more information. References to investments by the Fund should be read to mean investments by either the Fund or the subsidiary.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.●Concentration Risk — The Index and the Fund a significant portion of its value exposed to WTI Crude Oil futures. As a result, the Fund may be subject to greater market fluctuations than a fund that is more broadly invested across industries.
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OILK - Performance

Return Ranking - Trailing

Period OILK Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -32.2% 31.1% 26.56%
1 Yr -2.6% -44.2% 32.9% 87.50%
3 Yr 10.4%* -41.0% 276.0% 11.11%
5 Yr -2.5%* -29.5% 133.9% 95.93%
10 Yr N/A* -28.1% 47.3% 42.86%

* Annualized

Return Ranking - Calendar

Period OILK Return Category Return Low Category Return High Rank in Category (%)
2023 -6.1% -64.0% 30.1% 27.34%
2022 10.3% -40.8% 2475.6% 18.11%
2021 -5.5% -23.3% 106.7% 76.19%
2020 -61.1% -71.9% 295.5% 96.75%
2019 29.2% -31.8% 53.9% 4.10%

Total Return Ranking - Trailing

Period OILK Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -32.2% 31.1% 26.56%
1 Yr -2.6% -44.2% 32.9% 87.50%
3 Yr 10.4%* -41.0% 276.0% 11.11%
5 Yr -2.5%* -29.5% 133.9% 95.93%
10 Yr N/A* -28.1% 47.3% N/A

* Annualized

Total Return Ranking - Calendar

Period OILK Return Category Return Low Category Return High Rank in Category (%)
2023 -1.0% -64.0% 41.1% 22.66%
2022 27.5% -15.1% 5648.8% 7.87%
2021 63.4% -23.3% 188.1% 7.94%
2020 -61.1% -67.8% 296.1% 99.19%
2019 30.5% -31.8% 53.9% 4.10%

OILK - Holdings

Concentration Analysis

OILK Category Low Category High OILK % Rank
Net Assets 133 M 2.34 M 27.6 B 66.24%
Number of Holdings 10 1 1009 83.59%
Net Assets in Top 10 68 M 2.66 M 30.7 B 85.94%
Weighting of Top 10 80.91% 17.2% 169.5% 50.00%

Top 10 Holdings

  1. Repurchase Agreement 30.92%
  2. Repurchase Agreement 23.82%
  3. Repurchase Agreement 11.89%
  4. Repurchase Agreement 9.51%
  5. Repurchase Agreement 2.38%
  6. Repurchase Agreement 1.78%
  7. Repurchase Agreement 1.19%
  8. WTI Crude Oil 0.38%
  9. WTI Crude Oil -0.42%
  10. WTI Crude Oil -0.54%

Asset Allocation

Weighting Return Low Return High OILK % Rank
Other 		80.91% -7.17% 100.19% 13.49%
Cash 		19.09% 0.00% 101.92% 57.14%
Stocks 		0.00% 0.00% 49.72% 85.94%
Preferred Stocks 		0.00% 0.00% 0.08% 81.75%
Convertible Bonds 		0.00% 0.00% 3.89% 82.40%
Bonds 		0.00% 0.00% 127.91% 92.97%

OILK - Expenses

Operational Fees

OILK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.21% 5.23% 88.00%
Management Fee 0.65% 0.00% 1.75% 50.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

OILK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

OILK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OILK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 162.00% N/A

OILK - Distributions

Dividend Yield Analysis

OILK Category Low Category High OILK % Rank
Dividend Yield 3.28% 0.00% 19.94% 9.55%

Dividend Distribution Analysis

OILK Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Annual Annual

Net Income Ratio Analysis

OILK Category Low Category High OILK % Rank
Net Income Ratio -0.67% -55.71% 52.26% 65.60%

Capital Gain Distribution Analysis

OILK Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

OILK - Fund Manager Analysis

Managers

Alexander Ilyasov

Start Date

Tenure

Tenure Rank

Aug 14, 2020

1.79

1.8%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

George Banian

Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

George Banian, Principal of the Sponsor since March 11, 2022, has served as a registered associated person and an NFA associate member of the Sponsor since March 11, 2022, and a Portfolio Manager of the Sponsor since March 11, 2022. In these roles, Mr. Banian’s responsibilities include day-to-day portfolio management of certain series of the Trust. Mr. Banian also serves as a Portfolio Manager of PSA since February 2022, Associate Portfolio Manager of PSA from August 2016 to February 2022, Senior Portfolio Analyst of PSA from December 2010 to August 2016, and Portfolio Analyst of PSA from December 2007 to December 2010. In addition, Mr. Banian served as a Portfolio Manager of PFA since February 2022, and an Associate Portfolio Manager of PFA from July 2021 to February 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.11 11.51

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