Share-split context: A forward split was recorded on May 27, 2022 with coefficient 4. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

Understanding ProShares Ultra Materials (UYM)

ProShares Ultra Materials (UYM) is a leveraged ETF listed on the NYSE. This means it is designed to amplify the performance of the materials sector.

What this ETF is trying to do

UYM focuses on the materials industry. Because it is a leveraged fund, it seeks to provide different results than a standard, non-leveraged materials fund. The fund uses various financial tools to achieve this goal.

What the numbers show

The data shows how the share price and total returns have moved over different time periods. It is important to note that "price return" only tracks the change in the share price, while "total return" includes the effect of distributions.

• Year-to-Date (YTD): The price return is approximately 10.58%, while the total return is approximately 11.42%.

• One-Year: The price return was approximately 12.45%, and the total return was approximately 13.81%.

• Three-Year: The price return was approximately 29.08%, and the total return was approximately 33.55%.

• Five-Year: The five-year total return was approximately 27.04%.

This ETF has a history of forward splits. The most recent event was on May 27, 2022. In a forward split, each old share becomes multiple new shares. This causes the quoted per-share price to fall, but it does not change your proportional ownership or create a gain or loss.

Income and distribution explanation

UYM provides cash distributions to investors. The trailing distributions over the last year were approximately $0.33 per share. The distribution yield is approximately 1.22%. This yield describes the cash paid out relative to the current ETF price. The fund usually pays these distributions quarterly, with 4 payments recorded over the last 12 months.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Top Holdings

The following are the top holdings in the portfolio (note that this list is partial):

• CASH: 12.61%

• LINDE PLC: 9.16%

• NEWMONT CORP: 5.45%

• FREEPORT-MCMORAN INC: 4.41%

• MATERIALS SELECT SECTOR INDEX SWAP: 3.49%

• CORTEVA INC: 3.42%

• AIR PRODUCTS AND CHEMICALS INC: 3.37%

• SHERWIN-WILLIAMS CO: 3.36%

• ECOLAB INC: 3.32%

• NUCOR CORP: 3.00%

Pros

• The fund has shown positive price returns and total returns over the one-year and three-year periods.

• The erosion-risk measurement is rated as "good."

Cons

• This is a leveraged ETF, which typically involves higher risk and different price movements than standard funds.

Beginner takeaway

UYM is a leveraged fund focused on materials. While it provides some income through quarterly distributions, investors should distinguish between the share-price return and the total return. Always remember that a high distribution yield is not the same as a total return.