ProShares Managed Futures Strategy ETF
FUT
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Feb 17, 2016
- CIK
- 0001174610
- Similar Companies
- Business
- ProShares Managed Futures Strategy ETF (FUT), managed by ProShare Advisors LLC, is an actively managed exchange-traded fund that seeks capital appreciation through a systematic, trend-following strategy across commodity futures contracts, currency futures contracts, and U.S. Treasury futures contracts; it employs quantitative price momentum measures to determine long or short positions in each futures contract, weighted by risk contribution via covariance analysis to the overall portfolio. The fund invests primarily through a wholly owned Cayman Islands subsidiary for commodity-linked derivatives exposure, including small allocations to cash-settled Bitcoin and Ether futures, and utilizes derivatives such as futures, options, and swaps; it benchmarks performance against the S&P Strategic Futures Index while aiming for returns uncorrelated with broad equity or fixed income markets. FUT trades on Nasdaq with a management fee of 0.80% (after waivers through May 31, 2026) and total annual operating expenses of 0.83%, targeting institutional and retail investors seeking diversified alternative exposure. Originally launched in 2016 as part of ProShares Trust and domiciled in the United States, FUT was liquidated and closed in May 2022 following ProShares' strategic review of its ETF lineup, with trading halted on May 3, 2022, and final shareholder redemptions completed by May 17, 2022. In June 2025, ProShares relaunched a new iteration of the Managed Futures Strategy ETF under the FUT ticker, introducing enhanced tax efficiency under the Investment Company Act of 1940 (avoiding K-1 forms), managed by portfolio manager Roberto Croce, and incorporating up to 25% of assets via its Cayman subsidiary for commodity and cryptocurrency futures. This relaunch aligns with ProShares' broader expansions, including surpassing $100 billion in assets under management in October 2025, launching its first interval fund with private equity exposure in October 2025, and introducing leveraged products like the Ultra CRCL ETF in August 2025. ProShares, founded in 1999 and headquartered in Bethesda, Maryland, operates globally through its ETFs listed on major U.S. exchanges such as Nasdaq, NYSE Arca, and Cboe BZX, serving investors across commodities, currencies, fixed income, equities, and alternatives segments with over 150 funds focused on leveraged, inverse, and thematic strategies. The firm, including affiliates ProShare Capital Management LLC and ProFund Advisors LLC, emphasizes innovation in risk-managed and tactical ETF solutions without direct parent-subsidiary relationships beyond its trust structures. FUT's relaunch supports ProShares' ongoing product optimization amid market volatility.