ProShares - UltraShort Gold

Frequently Asked Questions About GLL

What does GLL invest in?

The ProShares UltraShort Gold fund is engineered to provide daily returns that are precisely two times the opposite (-2x) of the Bloomberg Gold Subindex's daily movement. This objective is measured before accounting for any associated fees and operational costs.

What is the expense ratio of GLL?

ProShares - UltraShort Gold (GLL) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GLL?

ProShares - UltraShort Gold (GLL) manages $88.9M 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 GLL actively managed or an index fund?

GLL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (GLL's is 0.95%) because there's no security selection cost.

When was GLL launched?

ProShares - UltraShort Gold (GLL) launched in December 2008 and is managed by ProShares.

How has GLL performed?

GLL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.