- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$58.15
- Net Assets:$20.6 Million
- Peer Rank:3 of 111
- Investment Rating:A+
We rate ProShares UltraSht Australian Dlr at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The ProShares UltraSht Australian Dlr has returned an annual rate of 11.28% since inception. More recently, the fund has generated a total return of 16.14% in the last three years, 11.33% in the last year, and 4.16% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 91% of them. It has also outpaced 90% of its competitors on a one year basis for the period ending 12/31/2015. On a year to date basis, CROC has returned 11.33%.
Downside risk has been below average. CROC has a draw down risk of -16.51%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 20.3%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $58.15, which is 5.9% below its 52-week high of $61.80 and 1.3% above its 52-week low of $57.40.
Low expense ratio helps performance. On total assets of $20.60 million, CROC maintains a low expense ratio compared to its Growth & Income peers of just 1.01% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CROC is an exchange traded fund, it has no front end or back end load.
The ProShares UltraSht Australian Dlr is managed by Todd B. Johnson at ProShare Advisors LLC. This fund is one of 148 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.
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