Key stats
About ProShares Ultra Cloud Computing
Expense ratio
0.95%
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Inception date
Jan 19, 2021
SKYU offers 2x the daily performance of the ISE CTA Cloud Computing Index which consists of firms that fall into any one of the following groups as per the Consumer Technology Association (CTA) classifications: Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). In addition, companies must also meet size, liquidity, and tradability screens. The index assigns a cloud score of 3 for IaaS, 2 for PaaS, and 1 for the SaaS. A stocks weight is initially determined by its cloud score divided by the sum of all scores. It should be noted that companies may be classified into more than one group which means higher cloud score and greater weight. Weights are then modified so that no single security exceeds 4.5% weight. As a levered product with daily resets, SKYU is not a buy-and-hold investment, its a short erm tactical instrument. As a result, long-term returns could aterially differ from those of the underlying index due to daily compounding.
Classification
What's in the fund
Exposure type
Technology Services
Cash
Government
Stock breakdown by region
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