# ProShares - Ultra Gold (UGL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ugl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: ProShares · Asset class: Commodities - Strategy: Leveraged · Inception: 2008-12-01 ProShares Ultra Gold is structured to provide daily investment returns that are double (2x) the daily performance of the Bloomberg Gold SubindexSM. This objective is pursued before factoring in any associated fees or operational expenses. ## Key Facts | Metric | Value | |---|---| | Price | $43.29 | | Expense Ratio | 0.95% | | Assets Under Management | $679.7M | | NAV | $43.29 | | Holdings Count | 5 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $41.49 – $90.40 | | Beta | 0.57 | ## Frequently Asked Questions ### What does UGL invest in? ProShares Ultra Gold is structured to provide daily investment returns that are double (2x) the daily performance of the Bloomberg Gold SubindexSM. This objective is pursued before factoring in any associated fees or operational expenses. ### What is the expense ratio of UGL? ProShares - Ultra Gold (UGL) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations. ### Is UGL a good long-term hold? UGL 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 with 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 UGL's daily reset work? UGL 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 UGL? ProShares - Ultra Gold (UGL) manages $679.7M 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 UGL actively managed or an index fund? UGL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does UGL pay a dividend? ProShares - Ultra Gold (UGL) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does UGL pay dividends? ProShares - Ultra Gold pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is UGL's dividend yield? UGL's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is UGL's next ex-dividend date? UGL hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will UGL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does UGL charge its expense ratio? The expense ratio is deducted in tiny daily slices from UGL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does UGL cost more than a fund like VOO? UGL is a leveraged fund (current expense ratio 0.95%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to UGL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as UGL (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ugl - Distribution history: https://www.dividenddata.com/funds/ugl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ugl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ugl/expenses - Peer comparison: https://www.dividenddata.com/funds/ugl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.