ProShares Ultra Real Estate

Frequently Asked Questions About URE

What does URE invest in?

The fund invests in financial instruments that the advisors believe, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of real estate companies included in the S&P 500 Index. Under normal circumstances, the fund will obtain leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.

What is the expense ratio of URE?

ProShares Ultra Real Estate (URE) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.

Is URE a good long-term hold?

URE 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 URE's daily reset work?

URE 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 URE?

ProShares Ultra Real Estate (URE) manages $50.7M 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 URE actively managed or an index fund?

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