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Public snapshot

SAA Income Quality Score

ProShares - Ultra SmallCap600 (SAA) has an Income Quality Score of 36/100, classified as a Question Mark with low confidence, based on a 10-year income and total-return history.

ProShares - Ultra SmallCap600 (SAA) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of July 31, 2026Lookback: 10-year
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Long-term focused10-year income and total-return analysis
Data-drivenObjective scoring across 4 quality, distribution and risk signals
Clear classificationFriends to own. Foes to avoid.
IQ Score
36/100
Question MarkLow confidence
Asset Type
CEF
Exchange
NYSE ARCA
Trailing Yield (TTM)
Not published
No normalized trailing yield is published for closed-end funds in this snapshot.
Rank in CEF Universe
310 of 358
Lookback
10-year
Data as of
July 31, 2026
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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.
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SAAProShares - Ultra SmallCap600
36Question MarkLow confidence
Snapshot
2026-07
Data as of
2026-07-31
Lookback
10-year
Asset type
Closed-End Fund

IQ Score History

6535FRIENDQUESTION MARKFOE050100Methodology updatedMethodology updated on 2026-07-31 (iq-4class-v1 → iq-4class-v3-direct-dist)2026-072026-072026-072026-07-17 · 27.2 · Foe · Published Snapshot History · iq-4class-v12026-07-20 · 27.3 · Foe · Published Snapshot History · iq-4class-v12026-07-21 · 27.6 · Foe · Published Snapshot History · iq-4class-v12026-07-22 · 27.5 · Foe · Published Snapshot History · iq-4class-v12026-07-23 · 27.4 · Foe · Published Snapshot History · iq-4class-v12026-07-24 · 27.3 · Foe · Published Snapshot History · iq-4class-v12026-07-27 · 27.1 · Foe · Published Snapshot History · iq-4class-v12026-07-28 · 27.3 · Foe · Published Snapshot History · iq-4class-v12026-07-29 · 27.1 · Foe · Published Snapshot History · iq-4class-v12026-07-30 · 27.2 · Foe · Published Snapshot History · iq-4class-v12026-07-31 · 35.7 · Question Mark · Published Snapshot History · iq-4class-v3-direct-dist6535FRIENDQUESTION MARKFOE050100Methodology updated on 2026-07-31 (iq-4class-v1 → iq-4class-v3-direct-dist)2026-072026-07

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage
0/100
Working Capital Preservation
78/100
Distribution Cut Score
70/100
Distribution Trend
46/100

What is working

  • Working capital preserved over time

What to watch

  • Distributions exceed long-term total return
  • 1–2 years with a material annual distribution decline

Flags & gates

  • Yield Trap

Distribution Safety

7Years raised
1Years cut
15Years of data
CutCurrent trend

Lower confidence (3–4 years of history)

  1. 20073.1778Held
  2. 20080.2236Lower total
  3. 20090.0476Lower total
  4. 20100.0098Lower total
  5. 20110.0043Held
  6. 20120.0275Raised
  7. 20160.1117Raised
  8. 20180.2093Raised
  9. 20190.3828Raised
  10. 20200.0318Lower total
  11. 20220.0955Raised
  12. 20230.2188Raised
  13. 20240.3523Raised
  14. 20250.2706Cut
  15. 20260.0727Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

The IQ Score is a research classification of historical income quality. It is not investment advice, not a recommendation and not a prediction of future returns.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.