URSP – ProShares Ultra S&P 500 Equal Weight – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P 500 Equal Weight Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of companies listed in the S&P 500 Index on an equal weight basis. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
URSP	ProShares Ultra S&P 500 Equal Weight	ETF	Open	—	—	Aug 25, 2025	$43.89M	0.950%	—	—	−$20.38M

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