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About ProShares UltraShort Materials
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Inception date
Jan 30, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SMN provides 2x inverse exposure on a daily basis to the S&P Materials Select Sector Index, a market cap-weighted index that could include companies involved in the production of aluminum, steel, non-ferrous metals, commodity and specialty chemicals, forest and paper products, as well as the mining of precious metals and coal. The daily distinction is critical, since the fund will start to drift from its -2x target returns over periods of greater than one day. Because of that, the fund's return for periods longer than a day becomes path-dependent and is likely to be different from -2x the return of the index for the same period. As a geared product with daily resets, SMN is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding. Prior to Mar. 20, 2023, the fund was called ProShares UltraShort Basic Materials that tracked the Dow Jones U.S. Basic Materials Index.
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
Government
Bonds, Cash & Other100.00%
Cash82.15%
Government17.85%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Symbol
Assets
U
U.S. Dollar
82.15%
U
United States Treasury Bills 0.0% 17-JUN-2025
17.85%
Top 10 weight100.00%
2 total holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMN last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.31 USD in dividends, which shows a 212.65% decrease.
SMN assets under management is 832.89 K USD. It's fallen 37.90% over the last month.
SMN fund flows account for −206.83 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMN pays dividends to its holders with the dividend yield of 5.15%. The last dividend (Apr 1, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
SMN shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jan 30, 2007, and its management style is Passive.
SMN expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
SMN follows the Materials Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMN invests in cash.
SMN price has fallen by −9.24% over the last month, and its yearly performance shows a 0.09% increase. See more dynamics on SMN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −9.13% over the last month, have fallen by −9.13% over the last month, showed a 0.52% increase in three-month performance and has increased by 10.43% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −9.13% over the last month, have fallen by −9.13% over the last month, showed a 0.52% increase in three-month performance and has increased by 10.43% in a year.
SMN trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.