UVU Fund Description

The ProShares Ultra Russell MidCap Value ETF provides daily 2x exposure to a market-cap-weighted index of value companies chosen from the 800 smallest Russell 1000 companies.

UVU ETF.com Insight

UVU provides daily 2x exposure to the Russell MidCap Value Index, which selects midcap value stocks from the Russell 1000. This is the long version of sister-fund SJL, which provides 2xinvestors face wide spreads and meager trading volume inverse exposure to the same index. Simple long exposure can be had through iShares IWS. The fund achieves leverage primarily through the use of swap agreements, which carry counterparty risk. A list of holdings (including counterparties) is published daily on ProShares website. Like all levered funds, UVU tends to underperform its target multiple in volatile markets if held for longer than its daily reset period, and is only suitable for short-term trading positions. Unfortunately, investors face wide spreads and meager trading volume.

1 Year
Performance [as of 11/26/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
UVU 12.01% 3.55% 28.39% 33.49% 51.47% 32.83% --
UVU (NAV) 9.97% 3.98% 27.62% 34.45% -- -- --
Russell Midcap Value Index 4.96% 2.35% 14.45% 17.58% 25.46% 18.23% 9.76%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.


Average Spread
Premium/Discount
Volume

UVU ETF.com/ Block LiquidityAs of 11/26/2014

5
4
3
2
1

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

UVU Summary Data

ProShares

A company that produces and manages ETFs.

02/20/07

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

Open-Ended Fund

The organizational structure of the fund or ETN.

0.95%

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

$7.15 M

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

UVU Portfolio Data

0.00%

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

12/24/14

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

UVU Index Data

Russell Midcap Value Index

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

Multi-Factor

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

Multi-Factor

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

N/A

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

UVU Fund Structure

Yes

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

No

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

0% / 100%

The division of securities lending revenue between the fund and the issuer.

N/A

The risk of default by the ETN counterparty.

High

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

UVU Tax Exposures

20.00% / 39.60%

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

--

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

No

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

UVU Tradability

445

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

$38.48 K

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

168

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

$15.67 K

Median dollar value of shares traded over the past 45 trading days.

0.78%

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.

-0.17%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

8.23% / -5.94%

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.

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.

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.

0.00

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.

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.

--

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

$95.51

The total market value of the assets that an ETF holds less fund expenses.

5

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

Related ETFs to UVU

N/A

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