ProShares Hedge Replication ETF tracks investment results, before fees and expenses, of the Merrill Lynch Factor Model — Exchange Series. The Model was established by Merrill Lynch International. The value of the Model depends on the weighted performance of six Model Factors: S&P 500 Total Return Index, MSCI EAFE US Dollar Net Total Return Index, ProShares UltraShort Euro exchange-traded fund, MSCI Emerging Markets US Dollar Net Total Return Index, Russell 2000 Total Return Index and three-month U.S. Treasury Bills (the latest are included as cash factor). The aim of the model is not to track the performance of hedge funds. It seeks to target a high correlation with HFRI Composite Index. Investing in the Fund, based on Merrill Lynch Factor Model, allows the investor to have liquid and flexible way to access the parameters of hedge funds, such as risk/return characteristics. The Fund proposes an important constituent of core portfolio holdings and a good usage of portfolio asset allocation.
The ProShares Hedge Replication ETF (USD) is a(n) Multi Asset Exchange Traded Funds (ETF) seeks to invest in Undefined sector located in USA. The ProShares fund’s base currency is USD and the share class was registered 12.07.2011 with unique ISIN - US74347X2945. Main exchange is NYSE Arca and ticker symbol is HDG. The total expense ratio is 0.95%. The ProShares Hedge Replication ETF (USD) pays dividends 4 time(s) per year.