ProShares - VIX Short-Term Futures ETF

Frequently Asked Questions About VIXY

What does VIXY invest in?

The ProShares VIX Short-Term Futures ETF (VIXY) is structured with the primary objective of replicating the investment performance of the S&P 500 VIX Short-Term Futures Index. This goal is assessed prior to the deduction of the fund's operational fees and expenses.

What is the expense ratio of VIXY?

ProShares - VIX Short-Term Futures ETF (VIXY) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is VIXY's distribution yield?

VIXY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does VIXY's covered-call strategy work?

VIXY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is VIXY?

ProShares - VIX Short-Term Futures ETF (VIXY) manages $210.1M 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 VIXY actively managed or an index fund?

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