# ProShares - Ultra High Yield (UJB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ujb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: ProShares · Asset class: Fixed Income - Strategy: Leveraged · Inception: 2011-04-13 The ProShares Ultra High Yield fund is designed to generate daily investment outcomes that are double the daily performance of the Markit iBoxx $ Liquid High Yield Index, before factoring in any associated fees or expenses. ## Key Facts | Metric | Value | |---|---| | Price | $73.94 | | Expense Ratio | 1.63% | | Assets Under Management | $5.9M | | NAV | $73.86 | | Holdings Count | 6 | | Distribution Yield (TTM) | 3.37% | | Annual Distribution (TTM) | $2.49 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $73.20 – $80.09 | | Beta | 1.39 | ## Latest Distribution - Amount: $0.8093 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-29 ## Frequently Asked Questions ### What does UJB invest in? The ProShares Ultra High Yield fund is designed to generate daily investment outcomes that are double the daily performance of the Markit iBoxx $ Liquid High Yield Index, before factoring in any associated fees or expenses. ### What is the expense ratio of UJB? ProShares - Ultra High Yield (UJB) charges an expense ratio of 1.63%. This is the annual fee deducted from fund assets to cover management and operations. ### What is UJB's dividend yield? UJB's trailing-twelve-month yield is 3.37%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of UJB? Effective duration measures UJB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. UJB's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of UJB? UJB's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of UJB? Yield to maturity (YTM) is the total return you'd earn from UJB if every bond in the portfolio is held to maturity at the current price. UJB's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does UJB pay a dividend? Yes, ProShares - Ultra High Yield (UJB) distributes dividends to shareholders. The trailing-twelve-month yield is 3.37%. Full dividend history is on this page. ### How often does UJB pay dividends? ProShares - Ultra High Yield pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is UJB's next ex-dividend date? The most recently announced ex-dividend date for UJB was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will UJB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.63% 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 UJB charge its expense ratio? The expense ratio is deducted in tiny daily slices from UJB'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 UJB cost more than a fund like VOO? UJB is a leveraged fund (current expense ratio 1.63%). 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 UJB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as UJB (1.63%) 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/ujb - Distribution history: https://www.dividenddata.com/funds/ujb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ujb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ujb/expenses - Peer comparison: https://www.dividenddata.com/funds/ujb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.