ProShares - Hedge Replication ETF

Frequently Asked Questions About HDG

What does HDG invest in?

This fund strategically invests in a combination of financial instruments, chosen by ProShare Advisors, with the goal of emulating its underlying benchmark's performance. That benchmark endeavors to replicate the risk and return profile typical of the hedge fund asset class, which it achieves by seeking a high correlation to the HFRI Fund Weighted Composite Index (HFRI). The HFRI itself serves as a gauge of the hedge fund industry's overall performance, comprising an equally weighted composite of over 2,000 member funds. This particular fund is categorized as non-diversified.

What is the expense ratio of HDG?

ProShares - Hedge Replication ETF (HDG) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HDG?

ProShares - Hedge Replication ETF (HDG) manages $22.3M 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 HDG actively managed or an index fund?

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

When was HDG launched?

ProShares - Hedge Replication ETF (HDG) launched in July 2011 and is managed by ProShares.

How has HDG performed?

HDG'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.