ProShares UltraPro Short Communication Services Select Sector

Frequently Asked Questions About SCOM

What does SCOM invest in?

The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the S&P Communication Services Select Sector Index (the "index"). The fund will invest principally in the financial instruments: derivatives and money market instruments. It will concentrate its investments in a particular industry or group of industries to approximately the same extent as the index is so concentrated. The index represents the communication services industry group of the S&P 500 Index. The fund is non-diversified.

What is the expense ratio of SCOM?

ProShares UltraPro Short Communication Services Select Sector (SCOM) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SCOM?

ProShares UltraPro Short Communication Services Select Sector (SCOM) manages $697,385 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 SCOM actively managed or an index fund?

SCOM 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 (SCOM's is 0.95%) because there's no security selection cost.

When was SCOM launched?

ProShares UltraPro Short Communication Services Select Sector (SCOM) launched in January 2019 and is managed by ProShares.

How has SCOM performed?

SCOM'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.