UPW — ProShares Ultra Utilities
Data updated: 2026-08-14
UPW — ProShares Ultra Utilities. Leveraged · $19.27M AUM · 0.95% expense ratio · 14.7% 1-yr return. Holdings, fees, performance and SEC filings.
UPW Fund Overview
UPW — ProShares Ultra Utilities is a US ETF managed by Proshares Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Proshares Trust
- Category: Leveraged
- Assets under management: $19.27M
- 1-year return: 14.7%
- Ticker: UPW
- SEC CIK: 0001174610
- SEC series ID: S000014262
- Share class ID: C000038821
UPW Holdings
Top 10 holdings of ProShares Ultra Utilities by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NextEra Energy, Inc. | 9.78% |
| Southern Co. (The) | 5.47% |
| Duke Energy Corp. | 5.15% |
| Constellation Energy Corp. | 4.84% |
| American Electric Power Co., Inc. | 3.70% |
| Sempra | 3.14% |
| Dominion Energy, Inc. | 3.08% |
| Vistra Corp. | 2.75% |
| Entergy Corp. | 2.66% |
| Xcel Energy, Inc. | 2.54% |
UPW Portfolio Allocation
Asset-class allocation of ProShares Ultra Utilities by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 73.9% |
| Derivatives | 9.8% |
| Cash & Equivalents | 4.3% |
UPW Performance
Total returns for UPW (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.1% |
| 1 year | 14.7% |
| 3 years (annualised) | 19.1% |
| 5 years (annualised) | 10.5% |
UPW Risk Information
Risk metrics for UPW, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 31.1%
UPW Costs and Fees
UPW costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.94%
- Portfolio turnover: 4%
- Brokerage commissions: 0.43 bps of average net assets (SEC N-CEN)
UPW Cashflows
Over the 12 months to 2026-05, ProShares Ultra Utilities had net inflows of $1.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$3.13M |
| 2026-04 | $3.77M |
| 2026-03 | $5.01M |
| 2026-02 | $0 |
| 2026-01 | −$2.15M |
| 2025-12 | −$216.73K |
UPW Debt Constituents
No individual debt constituents are reported in ProShares Ultra Utilities's latest SEC N-PORT filing.
UPW Prospectus and SEC Filings
Official ProShares Ultra Utilities filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-09-26
- Prospectus supplement (497) — filed 2025-04-07
- Prospectus supplement (497) — filed 2024-11-13
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-08-14
- Annual census (N-CEN) — filed 2025-08-13
Related Funds
Other Leveraged funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.