- What are the top holdings of UCOP?
- A machine-readable holdings disclosure for ProShares Trust (UCOP) is not available from our data sources — fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
- What sectors does UCOP invest in?
- ProShares Trust (UCOP) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is UCOP most exposed to?
- UCOP's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is UCOP a US-only fund?
- The country allocation card on this page shows UCOP's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does UCOP invest in?
- UCOP is designed to achieve a daily return that is twice the performance of copper prices, before accounting for fees and operating costs. The fund benchmarks its performance against the United States Copper Index Fund (CPER), an ETF that invests in copper futures. Rather than directly holding physical copper or futures contracts, UCOP primarily uses swap agreements to establish its leveraged exposure. Its K-1 free structure offers a more straightforward tax reporting experience compared to various other commodity funds. Any remaining capital is typically invested in short-duration holdings such as US Treasury bills, repurchase agreements, or money market funds, which serve as collateral. The portfolio undergoes rebalancing daily to maintain approximately 200% exposure. This daily reset means that returns for periods longer than one day can vary substantially from twice the copper's movement, as daily compounding and market fluctuations impact results over time. Therefore, this strategy is generally better suited for short-term, tactical views on copper rather than long-term buy-and-hold allocations.
