TQQQ targets a 3x daily return, nothing more, yet its decade-long results tell a stranger story than that modest promise suggests. Understanding why requires a closer look at what daily rebalancing actually does to your money over time.
TQQQ's 0.82% expense ratio tells only a fraction of what the fund actually costs to own. The charge that matters most never appears on the fact sheet, and at today's rates it dwarfs everything ProShares puts in writing.
TQQQ promises three times the daily move of the Nasdaq-100, but three separate costs work against that promise every single session, and most holders never see any of them on a fact sheet.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 700 | $27,696.2 | $51,884 | $24,187.8 | 87.33% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 34,052 | $2.53M | $2.52M | -$10,896.64 | -0.43% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,178 | $132,459.04 | $235,553.36 | $103,094.32 | 77.83% |
| BS Benjamin Schmitt Finward Bancorp | 53,399 | $4.17M | $3.96M | -$208,790.12 | -5.01% |
| NA Nizar Araji National Bank Of Canada /FI/ | 30 | $1,250.4 | $2,214.6 | $964.2 | 77.11% |
| NASDAQ (NMS) Exchange | US Country |
This fund is managed by ProShare Advisors, focusing on achieving daily investment results that correspond to the Daily Target. It is designed for investors seeking consistent daily returns from their investments. The fund specifically targets the performance of the 100 largest domestic and international non-financial companies by market capitalization, as listed on The Nasdaq Stock Market. It's important to note that this fund is non-diversified, meaning it may invest more heavily in fewer sectors or securities, potentially increasing its risk and return profile.
Daily Target Investment Strategy
This strategy focuses on generating returns that match the Daily Target through investments in a select portfolio of financial instruments. ProShare Advisors use their expertise to select investments that, when combined, aim to achieve the desired daily outcomes. This approach is suitable for investors looking for predictable short-term returns from their investment.
Non-Financial Companies Index Fund
The fund invests in 100 of the largest domestic and international non-financial companies based on market capitalization, as determined by The Nasdaq Stock Market listings. This investment focus allows the fund to target the robust growth potential of major non-financial companies, making it an appealing option for investors seeking exposure to leading companies in various industries excluding the financial sector.