ProShares is the ETF Industry Leader in Tax Efficiency Over Past Decade
ProShares, a premier provider of ETFs, has announced that it expects none of its 120 ProShares Trust ETFs will pay a 2022 capital gain distribution. Over the past 10 years, ProShares Trust has made the fewest taxable capital gain distributions of any large ETF company.1
“A key reason investors are attracted to ETFs is tax efficiency, and over the last decade ProShares Trust tax efficiency is unmatched,” said Michael L. Sapir, co-founder and CEO of ProShare Advisors LLC. “We are pleased to expect that our shareholders will receive zero capital gain distributions across all our equity, fixed income and crypto-focused funds.”
Capital gain distributions will vary from year to year. This is not intended to be tax advice. ProShares does not offer tax advice, and you should consult your tax advisor.
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $55 billion in assets. The company is a leader in strategies such as dividend growth, rising rates, thematics, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
Investing involves risk, including the possible loss of principal. ProShares are generally non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. For more on correlation, leverage and other risks, please read the prospectus for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor.
1 Source: Morningstar, as of 11/18/22. Large ETF companies include largest U.S. ETF providers by AUM, with a minimum yearly average of 50 U.S.-listed ETFs for calendar years 2013-2022.
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, email@example.com
ProShares, 866.776.5125, ProShares.com