ProShares Ultra Yen (YCL)

Overview

The fund is designed to enable investors to participate in the financial markets by investing primarily in a diverse range of Financial Instruments that reflect the fund's benchmark. The fund's strategy focuses on achieving its investment objective under normal market conditions, leveraging Financial Instruments to potentially increase returns for its investors. In addition to actively investing in Financial Instruments, the fund maintains a portion of its assets in cash or cash equivalents. These assets, which include U.S. Treasury securities and other high quality, short-term fixed-income or similar securities, serve multiple purposes. They act as collateral for the Financial Instruments the fund invests in and provide liquidity for pending investments. This dual approach allows the fund to aim for its investment goals while managing risk and maintaining flexibility to respond to market conditions.

Products and Services

• Financial Instruments Investments

  The fund's primary investment strategy involves the allocation of assets into a variety or combination of Financial Instruments, including derivatives that are tied to the performance of the fund’s benchmark. This approach is designed to capitalize on market conditions, aiming to meet or exceed the benchmark's performance.

• Cash or Cash Equivalents Holdings

  To ensure liquidity and manage investment risks, the fund holds a portion of its assets in cash or high credit quality, short-term fixed-income securities. These holdings include U.S. Treasury securities or other similar securities that offer stability and ease of access to capital. This strategic holding is crucial for covering liabilities related to Financial Instruments and for enabling timely investments in accordance with the fund's strategy.