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About ProShares UltraShort Bloomberg Natural Gas
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Inception date
Oct 4, 2011
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
KOLD provides two times the inverse exposure to the performance of a futures contract on natural gas for one day. The fund is therefore designed to be used as a tactical trading tool, to be held for no longer than one day. Investors using it as a buy-and-hold investment will be subject to the effects of compounding, which can and often will cause the fund to drift from its promised -2x exposure over longer holding periods. The fund's index weights contracts by both by liquidity (2/3) and US dollar-weighted production (1/3). It follows a pre-determined roll schedule, which rolls the expiring contracts into contracts that are about two months out. Investors should take note its trading costs rather than its holding costs, given its short-term nature.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history