Key stats
About ProShares Ultra Euro
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Inception date
Nov 25, 2008
Structure
Commodities Pool
Replication method
Synthetic
Distributes
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Tax on distributions
No distributions
ULE offers 2x leveraged exposure to the EUR/USD cross. The fund gets this exposure using futures contracts, and as a result, it distributes a K-1 during tax time. As a geared product, ULE isn't designed to be a long-term investment. Rather, it is a short-term trading vehicle that's rebalanced daily. The fund's long-term returns may differ significantly from the performance of the euro against the US dollar as a result of the effects of path dependency and compounding. Also, keep in mind that ULE references the EUR/USD cross as published in the Wall Street Journal a value that may differ from other quoting sources.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Displays a symbol's price movements over previous years to identify recurring trends.