Key stats
About PROSHARES TRUST II PROSHARES ULTRA EURO
Expense ratio
0.95%
Home page
Inception date
Nov 25, 2008
ISIN
US74347W8745
ULE offers 2x leveraged exposure to the EUR/USD cross. The fund gets this exposure using futures contracts, and as a result, it distributes a K-1 during tax time. As a geared product, ULE isn't designed to be a long-term investment. Rather, it is a short-term trading vehicle that's rebalanced daily. The fund's long-term returns may differ significantly from the performance of the euro against the US dollar as a result of the effects of path dependency and compounding. Also, keep in mind that ULE references the EUR/USD cross as published in the Wall Street Journal a value that may differ from other quoting sources.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
