ProShares Ultra Bloomberg Natural Gas

Frequently Asked Questions About BOIL

What does BOIL invest in?

ProShares Trust II - ProShares Ultra Bloomberg Natural Gas is an exchange traded fund launched by ProShare Capital Management LLC. The fund seeks to track 2x the daily performance of the Bloomberg Natural Gas Subindex. It takes long positions and uses derivatives like futures contracts to invest in the natural gas sector.

What is the expense ratio of BOIL?

ProShares Ultra Bloomberg Natural Gas (BOIL) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is BOIL a good long-term hold?

BOIL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does BOIL's daily reset work?

BOIL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is BOIL?

ProShares Ultra Bloomberg Natural Gas (BOIL) manages $310.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BOIL actively managed or an index fund?

BOIL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.