
This particular fund is offered as a component within the ProShares Trust framework. Its central objective is to generate steady income, while concurrently prioritizing accessible funds and the safeguarding of investors' principal. A key feature to note is that the fund's investment strategy is considered non-fundamental; consequently, the Trust's Board of Trustees holds the authority to revise its objectives without seeking approval from its shareholders.
Is IQMM's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Many investors are taking some record equity gains off the table and turning to short-term investments, particularly ultra-short bond funds, amid persistent concerns that the stock market is headed for an inevitable downturn. But bank deposits are paying next to nothing, and long-term bonds have been losing money, and remain subject to high volatility in an uncertain rate environment.

TCW global head of distribution Jennifer Grancio says it's a ‘really interesting time' in the active fixed income management space. She sits down with CNBC's Dominic Chu on “ETF Edge” to discuss the latest trends and flows she's seeing, including CLO ETFs.

ProShares (NYSEARCA:IQMM) listed IQMM in February 2026, and within roughly three months the fund held over $22 billion in assets, sitting atop a category it essentially invented.

ProShares' 2x leverage amplifies daily returns but introduces leverage decay risk and deeper drawdowns. Vanguard's broad 427-stock portfolio delivered steadier gains with a 0.89 beta versus 1.74.

FTXO delivered 28.40% returns over one year with lower costs, while UYG's leveraged structure produced 7.81%.