ProShares S&P 500 Autocallable Income ETF (ACSP) Stock Price, Quote, News & History | Benzinga

To achieve investment objective by investing at least 80 percent of its net assets plus any borrowings for investment purposes in unfunded total return swaps (based on their notional value) that provide exposure to the S&P U.S. Equity Momentum 40 percent VT 4 percent Decrement Autocall Index (USD) ER (the Autocall Index). Cash, cash equivalents, and U.S. Treasury securities with remaining maturities of one year or less related to such swaps will not be counted towards the calculation of the Funds net assets with respect to the Funds 80 percent investment policy. The Autocall Index is designed to reflect the performance of a diversified portfolio of synthetic autocallable notes (each an Autocallable and the portfolio of Autocallables, the Index Portfolio).