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ProShares Managed Futures Strategy ETF
mutual fund
FUT
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
share class
FUT (Mutual Fund)
ProShares Managed Futures Strategy ETF
FUT (Mutual Fund)
ProShares Managed Futures Strategy ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 12/13/2019Price
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
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$8.17 M
Holdings in Top 10
45.2%
52 WEEK LOW AND HIGH
$0.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.75%
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 12/13/2019Price
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
FUT - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.68%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameProShares Managed Futures Strategy ETF
-
Fund Family NameProShares
-
Inception DateFeb 17, 2016
-
Shares Outstanding195001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAlexander Ilyasov
Fund Description
The Fund is an actively managed exchange -traded fund (“ETF”) that seeks to achieve positive returns that are not directly correlated to broad equity or fixed income markets. The Fund uses the S&P® Strategic Futures Index as a performance benchmark (the “Benchmark”). The Benchmark seeks to capture the economic benefit from trends (in either direction) in the physical commodities, interest rates and currencies markets by taking long or short positions in related futures contracts. While the Fund generally will seek exposure to the commodity and financial markets included in the Benchmark, the Fund is not an index tracking ETF and will seek to enhance its performance by actively selecting investments with varying maturities from the underlying components of the Benchmark. There can be no assurance that the Fund’s performance will be positive or that its performance will exceed the performance of the Benchmark at any time.Under normal market conditions, the Fund invests in a portfolio of commodity futures contracts (“Commodity Futures Contracts”) and currency and U.S. Treasury futures contracts (“Financial Futures Contracts”) (collectively, “Futures Contracts”). The Fund attempts to capture the economic benefit derived from rising and declining trends based on the price changes of these Futures Contracts. Each month, each Futures Contract will generally be positioned long if it is experiencing a positive price trend or short if it is experiencing a negative price trend. This positioning is based on a comparison of the recent returns of each Futures Contract with such contract’s seven-month weighted moving average return. If the returns are greater than or equal to the seven-month weighted moving average return, the Futures Contract is positioned “long.” To be “long” means to hold or have long exposure to an asset with the expectation that its value will increase over time. If the returns are below the seven-month weighted moving average return, the Futures Contract is positioned “short.” To be “short” means to sell or have short exposure to an asset with the expectation that it will fall in value. The Fund will benefit if it is long an asset that increases in value or is short an asset that decreases in value. Conversely, the Fund will be adversely impacted if it is long an asset that decreases in value or short an asset that increases in value.The Fund will also hold cash or cash equivalents such as short-term U.S. Treasury securities or other high credit quality, short-term fixed-income or similar securities (such as shares of money market funds and collateralized repurchase agreements) for direct investment or as collateral for Futures Contracts. The Fund may also invest up to 100% of its assets in any of these types of cash or cash equivalent instruments.The Fund will not invest directly in Commodity Futures Contracts. The Fund expects to gain exposure to these investments by investing a portion of its assets in the ProShares Cayman Portfolio I, a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). The Subsidiary is advised by ProShare Advisors, the Fund’s investment advisor. Unlike the Fund, the Subsidiary is not an investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s investment in the Subsidiary is intended to provide the Fund with exposure to commodity markets in accordance with applicable rules and regulations. The Subsidiary has the same investment objective as the Fund. The Fund will generally limit investments in the Subsidiary to 25% but it may exceed that amount if the Advisor believes doing so is in the best interest of the Fund, such as to help achieve the Fund’s investment objective or increase the tax efficiency of the Fund. Except as otherwise noted, references to the Fund’s investment strategies and risks include the investment strategies and risks of the Subsidiary.The following Futures Contracts are included in the Benchmark as of May 31, 2021: Light Crude; Heating Oil; RBOB Gas; Natural Gas; Copper; Gold; Silver; Lean Hogs; Live Cattle; Corn; Soybeans; Wheat; Coffee; Cocoa; Sugar; Cotton; Australian Dollar; British Pound; Canadian Dollar; Euro; Japanese Yen; Swiss Franc; U.S. Treasury Notes; and U.S. Treasury Bonds.The Fund will invest principally in the financial instruments set forth below. The Fund expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments.• Derivatives — The Fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, funds (including exchange-traded funds (“ETFs”)), interest rates or indexes. The Fund invests in derivatives as a substitute for investing directly in or taking short positions in an asset class. These derivatives principally include:○ 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 the return (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. The gross return to be exchanged or “swapped” between the parties is calculated with respect to a “notional amount,” e.g., the return on or change in value of a particular dollar amount invested in a “basket” of securities or an ETF representing a particular index.○ Futures Contracts — Standardized contracts traded on, or subject to the rules of, an exchange that call for the future delivery of a specified quantity and type of asset at a specified time and place or, alternatively, may call for cash settlement. The Fund will use futures contracts to achieve its investment objective.• Money Market Instruments — The Fund invests in short-term cash instruments that have a remaining maturity of 397 days or less and exhibit high quality credit profiles, for example:○ 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. Repurchase agreements are primarily used by the Fund as a short-term investment vehicle for cash positions.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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FUT - Performance
Return Ranking - Trailing
| Period | FUT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -7.4% | 14.6% | 92.55% |
| 1 Yr | N/A | -16.1% | 36.5% | 59.14% |
| 3 Yr | N/A* | -7.9% | 13.3% | 49.44% |
| 5 Yr | N/A* | -5.3% | 10.0% | 45.78% |
| 10 Yr | N/A* | -2.4% | 4.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FUT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -16.4% | 12.9% | 49.46% |
| 2022 | N/A | -9.3% | 17.5% | 50.00% |
| 2021 | N/A | -25.8% | 2.2% | 13.95% |
| 2020 | N/A | -5.1% | 21.0% | 90.79% |
| 2019 | N/A | -20.3% | 4.6% | N/A |
Total Return Ranking - Trailing
| Period | FUT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -7.4% | 14.6% | 92.55% |
| 1 Yr | N/A | -20.3% | 36.5% | 54.84% |
| 3 Yr | N/A* | -9.0% | 11.1% | 47.19% |
| 5 Yr | N/A* | -5.7% | 8.7% | 40.96% |
| 10 Yr | N/A* | -2.4% | 4.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FUT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -16.4% | 12.9% | 49.46% |
| 2022 | N/A | -9.3% | 17.5% | 50.00% |
| 2021 | N/A | -20.3% | 2.5% | 13.95% |
| 2020 | N/A | -5.1% | 21.0% | 93.42% |
| 2019 | N/A | -20.3% | 6.7% | N/A |
NAV & Total Return History
FUT - Holdings
Concentration Analysis
| FUT | Category Low | Category High | FUT % Rank | |
|---|---|---|---|---|
| Net Assets | 8.17 M | 2.12 M | 1.74 B | 94.68% |
| Number of Holdings | 49 | 3 | 876 | 75.53% |
| Net Assets in Top 10 | -921 K | -100 M | 2.04 B | 92.55% |
| Weighting of Top 10 | 45.21% | 20.3% | 94.0% | 74.07% |
Top 10 Holdings
- United States Treasury Bonds 63.51%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
- Ice 20+ Year U.S. Treasury Index Swap Goldman Sachs 60.17%
Asset Allocation
| Weighting | Return Low | Return High | FUT % Rank | |
|---|---|---|---|---|
| Other | 117.65% | 0.00% | 58.63% | 32.98% |
| Cash | 2.33% | -687.11% | 117.03% | 11.70% |
| Stocks | 1.77% | -1.78% | 72.26% | 100.00% |
| Preferred Stocks | 0.00% | 0.00% | 0.13% | 97.87% |
| Convertible Bonds | 0.00% | 0.00% | 2.27% | 97.87% |
| Bonds | -21.75% | -50.36% | 717.59% | 93.62% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FUT % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 4.63% | N/A |
| Technology | 0.00% | 0.00% | 45.08% | N/A |
| Real Estate | 0.00% | 0.27% | 99.97% | N/A |
| Industrials | 0.00% | 0.00% | 17.73% | N/A |
| Healthcare | 0.00% | 0.00% | 16.51% | N/A |
| Financial Services | 0.00% | 0.00% | 30.46% | N/A |
| Energy | 0.00% | 0.00% | 6.41% | N/A |
| Communication Services | 0.00% | 0.03% | 20.13% | N/A |
| Consumer Defense | 0.00% | 0.00% | 14.38% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 21.37% | N/A |
| Basic Materials | 0.00% | 0.00% | 12.01% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FUT % Rank | |
|---|---|---|---|---|
| US | 1.77% | -5.85% | 56.89% | 90.43% |
| Non US | 0.00% | 0.00% | 40.59% | 97.87% |
FUT - Expenses
Operational Fees
| FUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.75% | 12.88% | 100.00% |
| Management Fee | 0.75% | 0.65% | 2.99% | 3.19% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.09% | 0.45% | N/A |
Sales Fees
| FUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| FUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 198.00% | N/A |
FUT - Distributions
Dividend Yield Analysis
| FUT | Category Low | Category High | FUT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.00% | 97.87% |
Dividend Distribution Analysis
| FUT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| FUT | Category Low | Category High | FUT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.68% | -3.14% | 1.55% | 13.98% |
Capital Gain Distribution Analysis
| FUT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 31, 2021 | $0.984 | OrdinaryDividend |
| Jan 02, 2020 | $0.234 | OrdinaryDividend |
| Oct 02, 2019 | $0.082 | OrdinaryDividend |
| Jul 02, 2019 | $0.115 | OrdinaryDividend |
| Mar 27, 2019 | $0.122 | OrdinaryDividend |
| Jan 03, 2019 | $0.369 | OrdinaryDividend |
| Oct 03, 2018 | $0.037 | OrdinaryDividend |
| Jun 27, 2018 | $0.056 | OrdinaryDividend |
| Mar 28, 2018 | $0.034 | OrdinaryDividend |
| Jan 04, 2018 | $0.002 | OrdinaryDividend |
FUT - Fund Manager Analysis
Managers
Alexander Ilyasov
Start Date
Tenure
Tenure Rank
Aug 14, 2020
1.71
1.7%
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
0.13
0.1%
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 |
|---|---|---|---|
| 0.16 | 14.09 | 5.41 | 5.06 |
