UCC Fund Description

The ProShares Ultra Consumer Goods provides 2x exposure to a market-cap weighted index of companies offering consumer services.

UCC ETF.com Insight

As a levered product, UCC is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it promises 2x exposure only for one day. Over longer periods,volume is low returns can vary significantly from 2x exposure to its underlying index. The top companies in UCC’s index (tracked without leverage by IYC) are familiar American consumer firms including Walt Disney and Home Depot. Investors considering UCC would be wise to look past the fund’s expense ratio and instead focus on its liquidity. As a short-term product, trading costs will likely comprise a larger portion of total costs. Buying and selling UCC could be an expensive affair, as its average spread is wide and volume is low.

1 Year

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

UCC
6.31% 11.57% 21.31% 27.47% 55.55% 42.15% --

UCC (NAV)
6.31% 12.16% 22.13% 27.49% -- -- --

Dow Jones U.S. Consumer Services Index
3.25% 6.48% 12.31% 14.80% 26.69% 21.57% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

Average Spread

Premium/Discount

Volume

UCC ETF.com/ Block LiquidityAs of 12/19/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of UCC. UCC is rated a 5 out of 5.

UCC Summary Data

Issuer ProShares

A company that produces and manages ETFs.

Inception Date 01/30/07

The first date of a fund's operations, as documented by the issuer.

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

Expense Ratio 0.95%

The net total annual fee a fund holder pays to the issuer.

Assets Under Management $28.26 M

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

UCC Portfolio Data

Distribution Yield 0.10%

A fund’s actual distributed cash flows over the past 12 months as a percent of its NAV

Next Distribution Date 12/24/14

The upcoming date on which the fund trades without its upcoming dividend

UCC Index Data

Index Tracked Dow Jones U.S.
Consumer Services Index

This is the benchmark an ETF is desigend to track or replicate.

Index Weighting Methodology Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Index Selection Methodology Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

Segment Benchmark N/A

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

UCC Fund Structure

OTC Derivative Use Yes

“Yes” means the fund uses over the counter derivatives such as swaps and forwards

Securities Lending Active No

An indicator of whether or not a fund actively lends its portfolio holdings.

ETN Counterparty Risk N/A

The risk of default by the ETN counterparty.

Fund Closure Risk Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

UCC Tax Exposures

Max LT/ST Capital Gains Rate 20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

Distributes K1 No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

UCC Tradability

Avg. Daily Share Volume 5,266

It is the daily number of shares traded, averaged over the past 45 trading days.

Average Daily $ Volume $471.72 K

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

Median Daily Share Volume 1,816

Median number of shares traded over the past 45 trading days.

(%) | The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent." href="javascript:void(0)" class="term">Average Spread (%) 0.71%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

(12 Mo) | The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period." href="javascript:void(0)" class="term">Max. Premium / Discount (12 Mo) 3.08% / -2.26%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

Impediment to Creations None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

(Shares) | The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund." href="javascript:void(0)" class="term">Creation Unit Size (Shares) 75,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

(45 Day Average) | The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots." href="javascript:void(0)" class="term">Creation Unit/Day (45 Day Average) 0.02

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

(%) | The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit." href="javascript:void(0)" class="term">Creation Unit Cost (%) 0.00%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

Open Interest on ETF Options --

The total number of net outstanding options contracts for an ETF.

ETF.com Implied Liquidity 5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

Related ETFs to UCC

Top Competing ETFs N/A

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

UCC Commentary & News