ProShares Ultra Platinum K-1 Free (UPLT) ETF Holdings & Analysis

What UPLT does

UPLT is an exchange-traded fund structured to deliver amplified daily returns, specifically aiming to double the percentage change in platinum prices each day, prior to accounting for its operational costs. Its performance benchmark is the abrdn Physical Platinum Shares ETF (PPLT), which is backed by physical platinum bullion. Rather than directly holding the precious metal, UPLT achieves its leveraged exposure predominantly through financial instruments known as swap agreements. A notable advantage for investors is its "K-1 free" designation, which typically simplifies the tax reporting process compared to various other commodity-focused investment products. Any remaining capital not committed to these swaps is generally invested in highly liquid, short-term assets such as U.S. Treasury bills, repurchase agreements, or money market funds, serving primarily as collateral. The fund's holdings are rebalanced at the end of each trading day to maintain its target of approximately 200% exposure. This daily rebalancing means that performance over periods longer than a single day may significantly differ from simply two times the platinum market's movement, due to the compounding effect of daily resets and market volatility. Consequently, this investment approach is generally better suited for short-term, strategic trading rather than a long-term investment horizon.

Fund profile

Top holdings

Geographic allocation

PortView Portfolio Insights

PortView analyzes how UPLT fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does UPLT track?

UPLT is the ProShares Ultra Platinum K-1 Free ETF, a Other ETF.

What is the expense ratio of UPLT?

Expense ratio data for UPLT is shown on the page when available from our data provider.

What are the largest holdings in UPLT?

Top holdings include Net Other Assets (Liabilities), abrdn Physical Platinum Shares (PPLT) SWAP BOA, abrdn Physical Platinum Shares (PPLT) SWAP Goldman Sachs, abrdn Physical Platinum Shares (PPLT) SWAP Citi, abrdn Physical Platinum Shares (PPLT) SWAP Nomura.

How can PortView analyze UPLT overlap with other ETFs?

PortView computes the holdings overlap between UPLT and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.