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MutualFundWire.com
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Wednesday, June 4, 2025 1.5Y In, an Income ETF Suite Enters 10-Figure Territory Michael Sapir and his Mid-Atlantic fund firm's team are celebrating a big milestone for a product suite. The trio of index funds recently crossed into 10-figure AUM territory.
IQQQ, ISPY, and ITWO now have about $1.007 billion in combined AUM, and they each come with an expense ratio of 55 basis points. Bethesda, Maryland-based ProShare Advisors serves as investment advisor to all three funds. ISPY launched on December 18, 2023. It now has $807.78 million in AUM. IQQQ debuted on March 18, 2024. It now has $154.37 million in AUM. ITWO's inception date was September 4, 2024. It now has $44.73 million in AUM. Michael Neches and Devin Sullivan, senior portfolio managers at ProShares, have PMed all three funds since their debuts. Each ETF has a different index provider and index: The ProShares team contrasts their high income ETF approach (in which the funds track indexes built on daily covered call options) with that of other "traditional covered call ETFs." Haghbin notes that investors seeking income "often face a difficult trade-off: sacrificing upside for higher yields." "Our High Income ETFs represent a compelling solution, allowing investors to pursue both their income and growth objectives," Haghbin states, while also reiterating the firm's commitment "to innovation and to providing investors with products built to meet their evolving needs." ISPY, IQQQ, and ITWO are each series of ProShares Trust. The trio's other service providers include: Printed from: MFWire.com/story.asp?s=69988 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |