SMN

ProShares UltraShort Basic Materials
*Unless otherwise stated, data provided by FactSet.

SMN Fund Description

SMN provides -200% exposure to a market-cap-weighted index that measures the performance of companies involved in the production of certain metals, chemicals and paper products.

SMN Factset Analytics Insight

SMN is a geared inverse ETN that flips the exposure of the popular basic material ETF IYM on its head, promising to provide 2x the inverse of the fund’s return on a daily basis. The daily distinction is critical, since the fund will start to drift from its -2x target returns over periods of greater than one day. Because of that, the fund's return for periods longer than a day becomes path dependent, and is likely to be different from -2x the return of the index for the same period. Investors seeking to make this leveraged bet on the Dow Jones U.S. Basic Materials Index — a market-cap-weighted basket of US basic material firms that includes coal, should either plan to hold the fund for no longer than one trading day or rebalance their positions frequently. Trading costs are therefore of critical importance here instead of holding costs. Investors must be conscious of the risks associated with leveraged and inverse products before wading in.

PERFORMANCE [as of 12/01/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMN 1.02% -1.80% -36.07% -40.36% -40.18% -31.12% -26.45%
SMN (NAV) 4.87% -0.18% -34.37% -37.33% -39.45% -30.79% -26.35%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMN Summary Data

ProShares
01/30/07
Open-Ended Fund
0.95%
$2.42M
0.51%
SBM

SMN Portfolio Data

0.20%
N/A

SMN Index Data

Market Cap
Market Cap
N/A

SMN Fund Structure

Yes
No
-- / --
N/A
N/A
High
-2
Daily

SMN Tax Exposures

20.00% / 39.60%
--
No

SMN Factset Analytics Block Liquidity

As of 12/02/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SMN. SMN is rated a N/A out of 5.

SMN Tradability

6,837
$85.78K
4,128
$51.90K
0.51%
$0.07
-0.07%
99.37% / -0.59%
None
100.00%
50,000
0.08
0.04%
--
36
$13.43
N/A