ProShares UltraShort Materials SMN
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Net expense ratio
- 0.95%
- Net assets
- $3.1M
- Holdings
- 9
- 12-month distribution yield
- 3.01%
- Asset class
- Derivatives-based
ProShares UltraShort Materials (SMN) is an exchange-traded fund listed on NYSE Arca in the United States, issued by ProShares. Its category is Derivatives-based. Its last price was US$19.91 on 20 Oct 2026. Its net expense ratio is 0.95% a year, from its prospectus dated 7 Apr 2025. It reported net assets of US$3.1 million as of 31 May 2026. Its latest holdings report lists 9 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$0.60 a unit, a 12-month distribution yield of 3.01%, paid quarterly.
Fees
- Total annual operating expenses (gross)
- 5.14%
- Net, after fee waivers or reimbursements
- 0.95%
- Management fee
- 0.75%
- Prospectus date
- 7 Apr 2025
- Filed with the SEC
- 7 Apr 2025
Size and reporting
- Net assets
- $3,102,445
- Total assets
- $3,619,449
- Holdings as of
- 31 May 2026
- Report made public
- 28 Jul 2026 (58 days after the month end)
Top holdings
Largest 9 of 9 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | Repurchase Agreement | No identifier reported | 40.56% | $1.3M | Repurchase agreements | United States | USD |
| 2 | Repurchase Agreement | No identifier reported | 25.52% | $792K | Repurchase agreements | United States | USD |
| 3 | Repurchase Agreement | No identifier reported | 19.14% | $594K | Repurchase agreements | United States | USD |
| 4 | Repurchase Agreement | No identifier reported | 14.04% | $435K | Repurchase agreements | United States | USD |
| 5 | Total Return Swap | No identifier reported | -4.90% | -$152K | Equity derivatives | United States | USD |
| 6 | Total Return Swap | No identifier reported | -3.25% | -$101K | Equity derivatives | United States | USD |
| 7 | Total Return Swap | No identifier reported | -2.81% | -$87K | Equity derivatives | United States | USD |
| 8 | Total Return Swap | No identifier reported | -2.64% | -$82K | Equity derivatives | United States | USD |
| 9 | Total Return Swap | No identifier reported | -1.84% | -$57K | Equity derivatives | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Warning: Uses derivatives
Asset type
| Type | Weight | Bar |
|---|---|---|
| Repurchase agreements | 99.26% | |
| Equity derivatives | -15.44% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 83.82% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 83.82% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $0.6000
- 12-month yield
- 3.01%
- Frequency
- Quarterly
- Latest ex-date
- 23 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($0.6000) ÷ latest price ($19.91) × 100 = 3.01%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (16 payments)
| Ex-date | Amount per unit |
|---|---|
| 23 Sep 2026 | $0.1470 |
| 24 Jun 2026 | $0.1170 |
| 25 Mar 2026 | $0.0520 |
| 24 Dec 2025 | $0.2840 |
| 24 Sep 2025 | $0.2740 |
| 25 Jun 2025 | $0.3100 |
| 26 Mar 2025 | $0.2020 |
| 23 Dec 2024 | $0.6300 |
| 25 Sep 2024 | $0.3840 |
| 26 Jun 2024 | $0.3400 |
| 20 Mar 2024 | $0.3160 |
| 20 Dec 2023 | $0.5360 |
| 20 Sep 2023 | $0.3800 |
| 21 Jun 2023 | $0.3320 |
| 22 Mar 2023 | $0.2400 |
| 22 Dec 2022 | $0.1800 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000014296) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- SMN and TQQQ ProShares UltraPro QQQ
- SMN and SOXL Direxion Daily Semiconductor Bull 3X ETF
- SMN and BBJP JPMorgan BetaBuilders Japan ETF
- SMN and QLD ProShares Ultra QQQ