- Last Ratings Update:11/30/2014
- Price as of 11/30/2014 :$47.73
- Net Assets:$20.1 Million
- Peer Rank:56 of 116
- Investment Rating:C+
We rate ProShares UltraSht Australian Dlr at C+. 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 low price volatility and low expense structure. The fund may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
New Fund off to good start in the last year. The ProShares UltraSht Australian Dlr has returned an annual rate of 7.45% since inception. More recently, the fund has generated a total return of 5.67% in the last year, 14.67% in the last six months, and 17.85% in the last three months. How does that compare to other equity funds? In the last year, it has outperformed 46% of them for the period ending 11/30/2014. On a year to date basis, CROC has returned 2.29%.
Downside risk has been below average. CROC has a draw down risk of -16.51%, which is the largest price decline experienced since the inception of the fund. This fund has a one year standard deviation of 18.5%. This fund has experienced a high level of volatility in its monthly performance over the last 12 months. As of 11/30/2014, the fund was trading at a price of $47.73, which is 2.6% below its 52-week high of $49.00 and 6.1% above its 52-week low of $44.97.
High expense ratio hinders performance. On total assets of $20.10 million, CROC maintains a high expense ratio compared to its Growth & Income peers of 1.02% 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 Howard Rubin at ProShare Advisors LLC. This fund is one of 146 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.
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