ProShares CDS Short North American HY Credit ETF

Frequently Asked Questions About WYDE

What does WYDE invest in?

The investment seeks to provide short exposure to the credit of North American high yield debt issuers. The fund seeks to achieve its investment objective primarily through investing in a portfolio of credit derivatives whose underlying reference entities are North American high yield (i.e., below investment grade or "junk bond") debt issuers. Under normal circumstances, it will invest at least 80% of its net assets in centrally cleared, index-based credit default swaps ("CDS") that, in combination, should have economic characteristics that correlate to the inverse of the North American high yield credit market. The fund is non-diversified.

What is the expense ratio of WYDE?

ProShares CDS Short North American HY Credit ETF (WYDE) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is WYDE?

ProShares CDS Short North American HY Credit ETF (WYDE) manages $6.2M 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 WYDE actively managed or an index fund?

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

When was WYDE launched?

ProShares CDS Short North American HY Credit ETF (WYDE) launched in August 2014 and is managed by ProShares.

How has WYDE performed?

WYDE'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.