Symbols

VIXY

ProShares VIX Short-Term Futures ETF·CBOE

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Key Stats

Assets Under Management

223.14MUSD

Fund Flows (1Y)

198.86MUSD

Dividend Yield

Discount/Premium to NAV

0.14%

Shares Outstanding

9.00M

Expense Ratio

0.85%

About ProShares VIX Short-Term Futures ETF

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/strategic/vixy

Inception Date

Jan 3, 2011

Structure

Commodities Pool

Index Tracked

S&P 500 VIX Short-Term Futures Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

No distributions

Income Tax Type

60/40

Max ST Capital Gains Rate

27.84%

Max LT Capital Gains Rate

27.84%

Primary Advisor

ProShare Capital Management LLC

Distributor

SEI Investments Distribution Co.

VIXY offers exposure to short-term VIX futures in a commodity pool structure, which sets it apart from the other short-term VIX ETPs, which cover the volatility space as ETNs. As such, VIXY avoids the counterparty risk and the lack of tangible assets associated with ETNs, but requires annual marked-to-market tax reporting on K-1's. As a volatility ETP investor, it is important to note these two caveats: 1) Volatility ETPs deliver poor long-term exposure to the VIX index, and 2) Volatility ETPs have a history of erasing vast sums of investor capital over holdings periods. Longer-term investors should be aware of their expected position decay due to due to persistent contango in VIX futures, historically.