ProShares - Ultra Technology

Frequently Asked Questions About ROM

What does ROM invest in?

The ProShares Ultra Technology fund (ROM) endeavors to provide daily investment returns that accurately reflect double (2x) the daily performance of the S&P Technology Select SectorSM Index. This goal is measured prior to factoring in any fees or operational expenses.

What is the expense ratio of ROM?

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

Is ROM a good long-term hold?

ROM 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 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 ROM's daily reset work?

ROM 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 ROM?

ProShares - Ultra Technology (ROM) manages $1.19B 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 ROM actively managed or an index fund?

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