ProShares Ultra S&P500 (SSO) - Stock & Dividends

The ProShares Ultra S&P500 fund is designed to deliver daily returns that closely track the performance of the S&P 500 Index, which is a widely followed benchmark for the US stock market. This index is made up of the 500 largest and most successful companies in the US, including well-known names in technology, finance, healthcare, and more.

The S&P 500 Index is calculated based on the market value of these companies, with the largest companies having a greater influence on the index's performance. The index is also 'float-adjusted,' which means that it only considers the shares that are available for trading, rather than the total number of shares issued by each company.

The fund's investment advisors use a combination of financial instruments to achieve the fund's daily return objective. This may include a mix of stocks, options, futures, and other derivatives, which are carefully selected to mimic the performance of the S&P 500 Index.

It's worth noting that the fund is classified as 'non-diversified,' which means that it can invest a larger percentage of its assets in a smaller number of securities, rather than spreading its investments across a wider range of assets. This approach can potentially increase the fund's returns, but it also increases the level of risk.

For more information about the ProShares Ultra S&P500 fund, you can visit the company's website at http://www.proshares.com. The fund is domiciled in the United States.