ProShares - Ultra TSLA

Frequently Asked Questions About TSLI

What does TSLI invest in?

ProShares Ultra TSLA is an investment vehicle designed to deliver daily returns that are double (2x) the daily performance of Tesla, Inc.'s common stock (NASDAQ: TSLA). This objective is pursued before accounting for any associated fees and expenses.

What is the expense ratio of TSLI?

ProShares - Ultra TSLA (TSLI) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations.

Is TSLI a good long-term hold?

TSLI 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 TSLI's daily reset work?

TSLI 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 TSLI?

ProShares - Ultra TSLA (TSLI) manages $4.1M 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 TSLI actively managed or an index fund?

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