BZQ | ProShares UltraShort MSCI Brazil Capped

BZQ ISSUER

The BZQ issuer, which is not explicitly named, operates a fund that invests in financial instruments aiming to replicate daily returns consistent with its investment objective. Managed by ProShare Advisors, the fund principally invests in derivatives and money market instruments. Derivatives, including swap agreements, are utilized to achieve inverse leveraged returns (-2x) relative to the performance of the MSCI Brazil 25/50 Index (MXBR2550), which encompasses around 85% of Brazil's large and mid-cap market capitalization. Money market instruments like U.S. Treasury Bills and repurchase agreements are employed for short-term cash positions. ProShare Advisors utilizes a mathematical approach, focusing on daily rebalancing to ensure the fund's exposure aligns with its objective, irrespective of market conditions. However, the fund may lose money due to factors such as daily rebalancing, index volatility, and compounding returns, potentially deviating from the expected inverse performance of the index over longer periods. Additionally, the fund may concentrate its investments in specific industries or regions in line with the index's concentration, with a notable focus on the materials, financials, and energy sectors in Brazil as of May 2022. Investors are advised to refer to the fund's prospectus for comprehensive details on its investment objectives, strategies, and associated risks.

BZQ DIVIDEND

BZQ Dividend, an entity not explicitly named, presumably represents a dividend component associated with the BZQ issuer's operations. As part of its investment strategy, the issuer likely distributes dividends to shareholders based on the performance of its underlying assets, which primarily consist of financial instruments aiming to replicate daily returns consistent with its investment objective, managed by ProShare Advisors. The dividends may be derived from various sources, including income generated from derivatives, such as swap agreements, and interest earned from money market instruments like U.S. Treasury Bills and repurchase agreements. The frequency and amount of dividends distributed to shareholders may vary depending on market conditions, the issuer's performance, and the dividend policy established by the issuer's management. Investors interested in BZQ Dividend are encouraged to consult the issuer's documentation and financial reports for detailed information regarding dividend distribution policies and potential returns.

BZQ TRACKING

BZQ Tracking, a component associated with the BZQ issuer, is likely indicative of the tracking performance of the issuer's fund relative to its underlying index, the MSCI Brazil 25/50 Index (MXBR2550). The issuer, managed by ProShare Advisors, aims to replicate daily returns consistent with its investment objective by investing in financial instruments such as derivatives and money market instruments. BZQ Tracking likely assesses how closely the fund's performance aligns with the daily returns of the index it seeks to mirror, considering factors such as tracking error and correlation. Investors may use BZQ Tracking as a measure to evaluate the effectiveness of the issuer's investment strategy and its ability to achieve its stated objectives. Detailed tracking information, including historical performance data and tracking metrics, can typically be found in the issuer's documentation and reports, aiding investors in making informed decisions regarding their investment in the fund.

BZQ CORRELATION

BZQ Correlation likely represents the correlation between the performance of the BZQ issuer's fund and the underlying index it seeks to track, the MSCI Brazil 25/50 Index (MXBR2550). Managed by ProShare Advisors, the issuer invests in financial instruments aiming to replicate daily returns consistent with its investment objective. BZQ Correlation serves as a measure of how closely the fund's performance moves in relation to the index it is designed to mirror. A high correlation indicates that the fund's returns closely mirror those of the index, while a low correlation suggests greater divergence. Investors may use BZQ Correlation as a tool to assess the effectiveness of the issuer's investment strategy in achieving its stated objectives and managing risk. Detailed correlation data, typically available in the issuer's documentation and reports, provides valuable insights for investors evaluating the fund's performance and suitability for their investment goals.

BZQ SECTOR

BZQ Sector likely pertains to the sectoral composition of the BZQ issuer's fund, which aims to replicate daily returns consistent with the performance of the MSCI Brazil 25/50 Index (MXBR2550). Managed by ProShare Advisors, the fund invests in financial instruments, including derivatives and money market instruments, to achieve its investment objective. BZQ Sector analysis would involve examining the fund's allocation across various sectors within the Brazilian market, such as materials, financials, energy, and others, as dictated by the index it seeks to track. Understanding the fund's sectoral exposure is crucial for investors to evaluate its diversification, risk profile, and potential for returns, particularly in relation to prevailing market conditions and sector-specific trends. Detailed sectoral data, typically available in the issuer's documentation and reports, enables investors to make informed decisions about their investment in the fund based on their sectoral preferences and market outlook.

BZQ EXPOSURE

BZQ Exposure likely refers to the level of exposure the BZQ issuer's fund has to the Brazilian market, specifically to the large and mid-cap segments represented by the MSCI Brazil 25/50 Index (MXBR2550). Managed by ProShare Advisors, the fund invests in financial instruments with the aim of replicating daily returns consistent with its investment objective. Understanding BZQ Exposure involves assessing the extent to which the fund's portfolio reflects the performance of the Brazilian market, considering factors such as sectoral allocation, geographic diversification, and market capitalization. Investors may use BZQ Exposure as a gauge to evaluate the fund's sensitivity to movements in the Brazilian market and its potential for capturing opportunities or mitigating risks within that market. Detailed exposure data, available in the issuer's documentation and reports, provides valuable insights for investors to make informed decisions about their investment allocation and portfolio diversification strategies.