- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jul 25, 2017
- Business
- ProShares Equities for Rising Rates ETF (EQRR) is an exchange-traded fund that seeks investment results, before fees and expenses, corresponding to the performance of the Nasdaq U.S. Large Cap Equities for Rising Rates Index; the fund invests in a portfolio of approximately 50 large-cap U.S. stocks selected for their historical correlation to rising interest rates, with holdings including energy companies such as Valero Energy Corp, Marathon Petroleum Corp, ConocoPhillips, and EOG Resources Inc; financial firms like Prudential Financial Inc, Wells Fargo & Co, and JPMorgan Chase & Co; airlines including Delta Air Lines Inc, United Airlines Holdings Inc, and Southwest Airlines Co; and other sectors such as consumer staples, technology, and industrials. EQRR employs a full replication technique to track the index, maintains an expense ratio of 0.35%, distributes dividends quarterly, and calculates its net asset value daily at 4:00 p.m. ET; the fund targets growth and value stocks across diversified sectors poised to outperform in rising rate environments. Launched on July 24, 2017, EQRR operates primarily in the U.S. equity markets and serves investors seeking tactical exposure to rate-sensitive equities.
EQRR forms part of the broader lineup managed by ProShare Advisors LLC, the investment advisor to ProShares Trust, a leading provider of strategic and tactical exchange-traded funds headquartered in Bethesda, Maryland. ProShares, whose affiliate roots trace to 1997, pioneered inverse ETFs in 2006 and has since expanded to manage over $95 billion in assets across geared, dividend growth, high income, interest rate hedged, and cryptocurrency-linked strategies.
In recent developments, ProShares announced ETF share splits on 22 funds, including forward and reverse splits effective November 2025, to enhance share price accessibility and liquidity; the firm strengthened its distribution capabilities in September 2025 with key hires of three regional vice presidents; and in October 2025, ProShares launched its first interval fund focused on private equity strategies such as buyouts, growth, and secondaries. Additionally, ProShares introduced a groundbreaking suite of Dynamic Buffer ETFs in June 2025, offering daily-adapting protection against equity market drawdowns based on U.S. stock indexes. These initiatives reflect ProShares' ongoing innovation and expansion beyond traditional ETFs like EQRR amid evolving market conditions.