ProShares - UltraPro MidCap 400

Frequently Asked Questions About UMDD

What does UMDD invest in?

The ProShares UltraPro MidCap400 strives to achieve daily investment outcomes that are triple (3x) the daily fluctuations of the S&P MidCap 400 index. This target is measured prior to accounting for any fees and operational expenses.

What is the expense ratio of UMDD?

ProShares - UltraPro MidCap 400 (UMDD) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UMDD?

ProShares - UltraPro MidCap 400 (UMDD) manages $26.3M 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 UMDD actively managed or an index fund?

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

When was UMDD launched?

ProShares - UltraPro MidCap 400 (UMDD) launched in February 2010 and is managed by ProShares.

How has UMDD performed?

UMDD'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.