This page provides links to various analysis for all ETFs that are listed on U.S. exchanges and tracked by ETF Database. ANEW - MSCI Transformational Changes ETF. Unfortunately for investors, ProShares UltraPro Financial Select Sector, is one of six funds that ProShares is closing, three pairs of up-and-down ETFs designed to provide 3x and -3x exposure to their underlying indexes. All copies must include this copyright statement. Fund data provided by Xignite and Morningstar. In the U.S., high-fee funds have been less likely to close than lower-fee funds. The three funds, which offer exposure to gold miner stocks and credit default swaps, are set to see their last day of trading on Aug.. Your use of this site signifies that you accept our Terms and Conditions of Use. Specifically, the following ETFs will be liquidated and closed: ProShares Morningstar Alternatives Solution ETF, ProShares Short Term USD Emerging Markets Bond ETF. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector. The main conclusion of our paper is simple: Funds become obsolete because they do not generate enough value for their investors and do not have enough assets to sustain the operational costs of running the fund. ProShares Hedge Replication ETF declares quarterly distribution of $0.1848. BIB - Ultra Nasdaq Biotechnology ETF. With a new year comes the opportunity to make changes, and thats what ProShares has done by 2022 has been a wild year in the markets. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to enhance returns and manage risk. This and other information can be found in their summary and full prospectuses. It has funds that offer either long or short exposure to major indexes, sectors, regions, currencies and commodities. The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futur Read More, The investment seeks capital appreciation from the decline of bricks and mortar retailers through short exposure (-1x) to the Solactive-ProShares Bric Read More, The investment seeks investment results, before fees and expenses, that track the performance of the Dow Jones Brookfield Global Infrastructure Compos Read More, The investment seeks investment results, before fees and expenses, that track the performance of the Nasdaq U.S. Large Cap Equities for Rising Rates I Read More, The investment seeks investment results, before fees and expenses, that track the performance of the LPX Direct Listed Private Equity Index (the "inde Read More, The investment seeks investment results, before fees and expenses, that track the performance of the Merrill Lynch Factor Model-Exchange Series (the " Read More, The investment seeks investment results, before fees and expenses, that track the performance of the FTSE High Yield (Treasury Rate-Hedged) Index (the Read More, The investment seeks investment results, before fees and expenses, that track the performance of the FTSE 30-Year TIPS (Treasury Rate Hedged) Index (t Read More, The investment seeks investment results, before fees and expenses, that track the performance of the FTSE Corporate Investment Grade (Treasury Rate-He Read More. Have you suffered losses investing in ProShares UltraPro Financial Select Sector(FINU)? Here is a look at ETFs that currently offer attractive short selling opportunities. For more on risks, please read the prospectus. Fund Flows in millions of U.S. It also has ETFs focusing on foreign indexes like the MSCI. Its product categories include specialty equity, dividend growers, currency hedged, interest-rate-hedged bond, global fixed income, hedge strategies, volatility, inflation, credit and alternative solutions. The metric calculations are based on U.S.-listed ETFs and every ETF has one brand. Verify your identity, personalize the content you receive, or create and administer your account. There is no guarantee any ProShares ETF will achieve its investment objective. The headache an investor may face is not closure itself, but deciding whether to act on the information that a fund closure is pending. An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor. In Morningstar Inc.s latest research, we wanted to better understand fund closures and their impact on investment strategy. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. As a result, more high-fee funds are kept open, after all else is considered. Read the full research paperThe Fall of Funds: Why Some Funds Fail.. Seeks to profit in rising and falling markets by taking long and short positions in futures across asset classes such as commodities, currencies and fixed income. Estimated revenue for ProShares is calculated by aggregating the estimated revenue of all ProShares ETFs. See also the list of upcoming closures. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. The lower the average expense ratio of all U.S.-listed ETFs for a given brand, the higher the rank. It is events preceding closurethe outflows, the liquidations, the underperformancethat tend to harm investors. Have you suffered losses investing in ProShares UltraPro Short Financial Select Sector (FINZ)? The table below includes the number of holdings for each ETF and the percentage of assets that the top ten assets make up, if applicable. 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of ProShares relative to other ETF brands. Your use of this site signifies that you accept our Terms and Conditions of Use. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Leveraged and inverse investing is not for everyone. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to enhance returns and manage risk. According to reports, investors can expect to receive their liquidation amounts on or around April 3. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Quotes delayed at least 15 minutes. Best Parent Student Loans: Parent PLUS and Private. Note: Always consult with a financial professional for the most up-to-date information and trends. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Investments in smaller companies typically exhibit higher volatility. An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Due to thecompoundingof daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their ProShares holdings consistent with their strategies, as frequently as daily. By turning such findings into analytics, we can help investors monitor their portfolio to better understand when a holding becomes at risk, so they can make an educated decision for investing in the long term. ProShares Funds ProShares offers numerous alternative exchange-traded funds. Note that the table below only includes limited technical indicators; click on the View link in the far right column for each ETF to see an expanded display of the products technicals. Narrowly focused investments typically exhibit higher volatility. On or about May 3, 2022, the funds will begin the process of liquidating their portfolios and will no longer be managed in accordance with their investment objectives. The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETNs like FINU to investors. Last updated on Feb 27, 2023. Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector. Geared funds are generally riskier than funds without leveraged or inverse exposure. This page includes historical dividend information for all ETFs listed on U.S. exchanges that are currently tracked by ETF Database. Annual Reports. Investors should be wary of such funds currently exhibiting characteristics such as underperformance, low fees, and high outflows. * Assets and Average Volume as of 2023-03-02 15:20:04 -0500. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. It uses the S&P Strategic Futures Index as a performance benchmark. This list of ProShares ETFs is organized alphabetically. ProShares and all other ETF brands are ranked based on their AUM-weighted average dividend yield. These products, under ProShares Geared category, seek returns that are equal to, double or triple the return of an index or other benchmark in a day. The funds are scheduled to cease trading on 5 August 2019. Specifically, the following ETFs will be liquidated and closed: 05/31/2022. The entire ETF/ETP market saw total global assets. The following table includes ESG Scores and other descriptive information for all ETFs listed on U.S. exchanges that are currently tracked by ETF Database. The name of each fund should give you a strong idea of its underlying benchmark and its investing goal. Thats with all else being equal. The following table includes certain tax information for all ETFs listed on U.S. exchanges that are currently tracked by ETF Database, including applicable short-term and long-term capital gains rates and the tax form on which gains or losses in each ETF will be reported. ALTS - Morningstar Alternatives Solution ETF. BETHESDA, MD March 11, 2022 ProShare Advisors and ProShare Capital Management announced today plans to liquidate and close six ProShares Trust ETFs and two ProShares Trust II ETFs, based on an ongoing review of ProShares product offerings. Learn About the Different Types of Commodity ETFs, Volatility ETFs for Playing Market Activity. Not acting means they ride out the looming fund liquidation. Contact us now for a free consultation! Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period.