ProShares UltraPro QQQ
Institutional Structure & Tax Specification
Statutory fund vehicle structure, benchmark mechanics, regulatory identifiers & taxation specifications
Open-Ended Fund (1940 Act)
Physical (Full Replication)
Passive
2011-01-26
Nasdaq-100 Index (300% Daily Leverage)
Market Capitalization
Benchmark Index Rules & Statutory Prospectus Constraints
Quarterly / Periodic
Distributes (Cash Pass-Through)
Qualified Dividends (1099-DIV Box 1b)
39.60%
20.00%
Capital Gains & Pass-Through Dividends
USTQQQ000010 · CEOJMS
ProShare Advisors LLC
SEI Investments Distribution Co.
Operational Governance & Primary Market Mechanics (S48-Phase 2)
Statutory Form 497K & N-CEN statutory disclosures: creation/redemption mechanics, securities lending & tax forms
Standard 1099-DIV qualified pass-through; no complex partnership tax filing
Portfolio collateral not rehypothecated to short sellers
100% direct physical equity replication; zero swap counterparty risk
Statutory Form N-PORT transparent reporting schedule
Standard block size for authorized participant (AP) primary creation
Active primary market arbitrage throughput
Massive AUM scale and daily dollar liquidity protect against liquidation
Fit vs. Nasdaq-100 Index (300% Daily Leverage)
Ease of AP primary market arbitrage and basket creation
Annual NAV tracking variance vs benchmark index
SEC EDGAR & Regulatory Structure
Statutory filings and fund prospectuses