ProShares - UltraShort Silver

Frequently Asked Questions About ZSL

What does ZSL invest in?

The ProShares UltraShort Silver fund aims to deliver daily investment returns that effectively track twice the inverse (-2x) of the Bloomberg Silver SubindexSM's daily performance. This objective is stated prior to the deduction of any fees and expenses.

What is the expense ratio of ZSL?

ProShares - UltraShort Silver (ZSL) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ZSL?

ProShares - UltraShort Silver (ZSL) manages $58.4M 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 ZSL actively managed or an index fund?

ZSL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ZSL's is 0.95%) because there's no security selection cost.

When was ZSL launched?

ProShares - UltraShort Silver (ZSL) launched in December 2008 and is managed by ProShares.

How has ZSL performed?

ZSL'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.