TOLZ

DJ Brookfield Global Infrastructure ETF

Why Invest in TOLZ?

  • Offers access to an asset class with growing global demand, increasing opportunities for private investment, and high barriers to entry that limit competition.

  • Provides "pure-play" exposure by investing exclusively in companies whose primary business is owning and operating infrastructure.

  • Excludes companies that supply services such as construction and engineering to the infrastructure industry.

Why Invest in TOLZ?

  • Offers access to an asset class with growing global demand, increasing opportunities for private investment, and high barriers to entry that limit competition.

  • Provides "pure-play" exposure by investing exclusively in companies whose primary business is owning and operating infrastructure.

  • Excludes companies that supply services such as construction and engineering to the infrastructure industry.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
TOLZ Market Price 0.16% 0.06% 4.27% -2.24% 3.42% 6.42% 4.17% -- 4.44% 03/25/2014
TOLZ NAV 0.18% 0.08% 4.22% -2.40% 3.11% 6.52% 4.15% -- 4.44% 03/25/2014
Dow Jones Brookfield Global Infrastructure Composite Index -0.07% -0.06% 4.09% -2.50% 2.58% 6.12% 3.81% -- 4.10% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker TOLZ
  • Intraday Ticker TOLZ.IV
  • CUSIP 74347B508
  • Inception Date 3/25/14
  • Expense Ratio 0.46%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 2/29/2024
  • Distribution Yield 3.16%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • SEC 30-Day Yield 4.04%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 3/18/2024
  • NAV $45.28
  • NAV Change $-0.04 down caret
  • Market Price $45.24
  • Market Price Change $-0.08 down caret
  • Trading Volume (M) 10,241
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount
Snapshot
  • Ticker TOLZ
  • Intraday Ticker TOLZ.IV
  • CUSIP 74347B508
  • Inception Date 3/25/14
  • Unitary Expense Ratio 0.46%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 2/29/2024
  • Distribution Yield 3.16%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • SEC 30-Day Yield 4.04%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 3/18/2024
  • NAV $45.28
  • NAV Change $-0.04 down caret
  • Market Price $45.24
  • Market Price Change $-0.08 down caret
  • Trading Volume (M) 10,241
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

* This ETF has acquired fund fees and expenses of 0.01%. These fees are incurred indirectly through the fund's ownership of shares in other investment companies, such as business development companies. They are not direct costs paid by shareholders or used to calculate net asset value. The fund's net expense ratio excluding acquired fund fees is 0.45%.

Read the prospectus for more information.

Exposures

Fund as of 3/18/2024

Holdings

as of 3/18/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
6.68% ENB ENBRIDGE INC -- $9,221,231.30 259,600 2466149
5.74% AMT AMERICAN TOWER CORP -- $7,923,971.77 40,447 B7FBFL2
5.70% DG VINCI SA -- $7,874,203.33 61,870 B1XH026
4.38% NG/ NATIONAL GRID PLC -- $6,054,324.03 455,440 BDR05C0
3.69% TRP TC ENERGY CORP -- $5,102,574.26 126,708 BJMY6G0
2.86% ET ENERGY TRANSFER LP -- $3,949,688.16 253,836 B0WHXD2
2.85% OKE ONEOK INC -- $3,931,817.76 50,544 2130109
2.84% WMB WILLIAMS COS INC -- $3,928,310.46 105,543 2967181
2.84% CCI CROWN CASTLE INC -- $3,926,168.75 37,625 BTGQCX1
2.79% SRE SEMPRA -- $3,854,760.00 54,600 2138158
2.63% EPD ENTERPRISE PRODUCTS PARTNERS -- $3,632,212.50 126,250 2285388
2.40% LNG CHENIERE ENERGY INC -- $3,321,370.24 20,672 2654364
2.33% TCL TRANSURBAN GROUP -- $3,222,310.91 377,182 6200882
2.29% EXC EXELON CORP -- $3,160,885.80 86,363 2670519
2.15% PCG P G & E CORP -- $2,972,770.24 185,104 2689560
2.14% KMI KINDER MORGAN INC -- $2,959,586.28 167,777 B3NQ4P8
1.93% ED CONSOLIDATED EDISON INC -- $2,665,250.50 29,950 2216850
1.80% CLNX CELLNEX TELECOM SA -- $2,479,778.29 71,930 BX90C05
1.76% FER FERROVIAL SE -- $2,429,604.40 61,515 BRS7CF0
1.72% FTS FORTIS INC -- $2,370,754.92 59,915 2347200
1.70% PPL PEMBINA PIPELINE CORP -- $2,343,552.80 67,107 B4PT2P8
1.66% EIX EDISON INTERNATIONAL -- $2,294,850.88 33,278 2829515
1.50% TRGP TARGA RESOURCES CORP -- $2,076,664.48 19,343 B55PZY3
1.44% SBAC SBA COMMUNICATIONS CORP -- $1,994,834.04 9,354 BZ6TS23
1.43% AWK AMERICAN WATER WORKS CO INC -- $1,974,270.43 16,841 B2R3PV1
1.29% ES EVERSOURCE ENERGY -- $1,782,183.92 30,227 BVVN4Q8
1.25% AENA AENA SME SA -- $1,725,441.78 9,010 BVRZ8L1
1.10% CNP CENTERPOINT ENERGY INC -- $1,517,225.82 54,303 2440637
1.09% ATO ATMOS ENERGY CORP -- $1,510,370.67 13,087 2315359
1.03% TRN TERNA-RETE ELETTRICA NAZIONA -- $1,416,983.33 171,999 B01BN57
0.88% MPLX MPLX LP -- $1,216,170.32 30,148 B847R56
0.86% SRG SNAM SPA -- $1,183,282.06 251,496 7251470
0.85% H HYDRO ONE LTD -- $1,171,745.08 38,777 BYYXJY9
0.85% 9531 TOKYO GAS CO LTD -- $1,171,668.38 49,252 6895448
0.79% UU/ UNITED UTILITIES GROUP PLC -- $1,086,319.81 83,152 B39J2M4
0.78% SVT SEVERN TRENT PLC -- $1,071,236.96 33,494 B1FH8J7
0.73% 3 HONG KONG & CHINA GAS -- $1,006,468.82 1,318,373 6436557
0.69% NI NISOURCE INC -- $951,644.85 35,709 2645409
0.61% APA APA GROUP -- $846,664.03 156,336 6247306
0.60% RED REDEIA CORP SA -- $830,406.49 49,437 BD6FXN3
0.59% BIP BROOKFIELD INFRASTRUCTURE PA -- $814,008.72 27,944 B2NHY98
0.57% AIA AUCKLAND INTL AIRPORT LTD -- $793,797.18 159,959 BKX3XG2
0.56% WTRG ESSENTIAL UTILITIES INC -- $779,603.76 21,801 BLCF3J9
0.56% 2688 ENN ENERGY HOLDINGS LTD -- $773,233.53 92,317 6333937
0.51% PAC GRUPO AEROPORTUARIO PAC-ADR -- $703,742.85 4,765 B0YFC60
0.50% KEY KEYERA CORP -- $694,816.03 27,988 B3SGMV5
0.49% 788 CHINA TOWER CORP LTD-H -- $683,278.58 5,684,369 BFZ2PK0
0.49% ASR GRUPO AEROPORTUARIO SUR-ADR -- $677,564.93 2,237 2639361
0.49% PAA PLAINS ALL AMER PIPELINE LP -- $672,643.35 39,405 2311960
0.49% GET GETLINK SE -- $670,798.45 39,691 B292JQ9
0.48% ADP ADP -- $657,592.51 4,852 B164FY1
0.46% SBS CIA SANEAMENTO BASICO DE-ADR -- $634,070.25 42,075 2945927
0.41% WES WESTERN MIDSTREAM PARTNERS L -- $561,915.30 16,330 BJ552C8
0.37% FHZN FLUGHAFEN ZURICH AG-REG -- $513,618.77 2,307 BYQ8481
0.35% BIPC BROOKFIELD INFRASTRUCTURE-A -- $489,892.95 14,712 BJP50C4
0.35% INW INFRASTRUTTURE WIRELESS ITAL -- $487,725.44 43,274 BZ0P4R4
0.35% DTM DT MIDSTREAM INC -- $481,086.48 8,358 BN7L880
0.35% NTGY NATURGY ENERGY GROUP SA -- $480,820.79 22,434 5650422
0.34% ALX ATLAS ARTERIA -- $476,123.54 139,116 BZ03TZ1
0.34% 9706 JAPAN AIRPORT TERMINAL CO -- $470,434.87 11,462 6472175
0.32% 135 KUNLUN ENERGY CO LTD -- $448,571.39 485,183 6340078
0.31% ELI ELIA GROUP SA/NV -- $431,651.99 4,105 B09M9F4
0.30% ENG ENAGAS SA -- $415,157.97 28,982 7383072
0.29% HICL HICL INFRASTRUCTURE PLC -- $396,263.69 249,885 BJLP1Y7
0.28% AM ANTERO MIDSTREAM CORP -- $390,432.15 29,115 BJBT0Q4
0.27% 1193 CHINA RESOURCES GAS GROUP LT -- $371,080.68 109,920 6535517
0.26% SWX SOUTHWEST GAS HOLDINGS INC -- $361,711.45 5,171 2831888
0.26% 384 CHINA GAS HOLDINGS LTD -- $356,638.97 357,558 6460794
0.25% NJR NEW JERSEY RESOURCES CORP -- $346,666.52 8,402 2630513
0.25% IG ITALGAS SPA -- $344,479.31 59,972 BD2Z8S7
0.24% GEI GIBSON ENERGY INC -- $334,272.93 19,745 B44WH97
0.24% 3IN 3I INFRASTRUCTURE PLC -- $333,487.17 80,625 BF5FX16
0.22% PAGP PLAINS GP HOLDINGS LP-CL A -- $296,981.10 16,922 BDGHN95
0.21% OGS ONE GAS INC -- $295,630.31 4,769 BJ0KXV4
0.21% PNN PENNON GROUP PLC -- $294,077.41 34,957 BNNTLN4
0.21% OMAB GRUPO AEROPORTUARIO CEN-ADR -- $293,604.30 4,230 B1JB4F3
0.21% VPK VOPAK -- $291,862.50 8,057 5809428
0.20% SR SPIRE INC -- $280,975.36 4,772 BYXJQG9
0.19% ENLC ENLINK MIDSTREAM LLC -- $265,183.00 20,525 BJTNDQ9
0.19% SESG SES -- $263,172.11 40,799 B00ZQQ2
0.19% 9533 TOHO GAS CO LTD -- $256,461.66 11,871 6895222
0.19% NWE NORTHWESTERN ENERGY GROUP IN -- $256,141.67 5,237 B03PGL4
0.18% FRA FRAPORT AG FRANKFURT AIRPORT -- $248,905.17 4,440 7107551
0.17% AWR AMERICAN STATES WATER CO -- $238,358.25 3,393 2267171
0.17% HESM HESS MIDSTREAM LP - CLASS A -- $238,201.26 6,746 BKPK695
0.17% 392 BEIJING ENTERPRISES HLDGS -- $232,299.11 58,885 6081690
0.17% NS NUSTAR ENERGY LP -- $230,049.68 9,752 2738804
0.16% CWT CALIFORNIA WATER SERVICE GRP -- $227,042.40 4,979 2165383
0.14% 144 CHINA MERCHANTS PORT HOLDING -- $190,671.53 157,452 6416139
0.14% CPK CHESAPEAKE UTILITIES CORP -- $190,193.15 1,855 2190750
0.12% NFE NEW FORTRESS ENERGY INC -- $170,001.06 5,646 BH3Z4P3
0.12% CQP CHENIERE ENERGY PARTNERS LP -- $160,156.80 3,320 B1VNH36
0.11% 177 JIANGSU EXPRESS CO LTD-H -- $156,379.68 150,234 6005504
0.10% 371 BEIJING ENTERPRISES WATER GR -- $141,137.07 551,853 B01YCG0
0.10% SJW SJW GROUP -- $140,088.69 2,511 2811932
0.09% ETL EUTELSAT COMMUNICATIONS -- $130,649.20 32,844 B0M7KJ7
0.08% NWN NORTHWEST NATURAL HOLDING CO -- $116,140.04 3,236 BFNR303
0.08% 1199 COSCO SHIPPING PORTS LTD -- $106,888.59 185,751 6354251
0.07% GEL GENESIS ENERGY L.P. -- $102,495.96 9,597 2372257
0.07% WTE WESTSHORE TERMINALS INVESTME -- $91,145.70 4,781 B8KB138
0.06% ACE ACEA SPA -- $83,940.84 4,986 5728125
0.05% UTL UNITIL CORP -- $70,011.83 1,379 2925037
0.05% 694 BEIJING CAPITAL INTL AIRPO-H -- $68,764.33 212,547 6208422
0.05% 548 SHENZHEN EXPRESSWAY CORP-H -- $65,445.25 75,933 6848743
0.04% 1052 YUEXIU TRANSPORT INFRASTRUCT -- $53,875.47 111,164 6398787
0.04% 1083 TOWNGAS SMART ENERGY CO LTD -- $49,366.66 132,664 6345460
0.03% CWCO CONSOLIDATED WATER CO-ORD SH -- $35,327.60 1,295 2099095
-- -- NET OTHER ASSETS (LIABILITIES) -- $572,163.91 572,164 --

Index

as of 12/29/2023

  • Total Number of Companies107
  • Price/Earnings Ratio16.49
  • Price/Book Ratio2.01
  • Dividend Yield ( % )4.46
  • Avg. Index Market Capitalization$15.44 billion
About the Index

The index, constructed and maintained by S&P Dow Jones Indices LLC, consists of companies domiciled globally that qualify as "pure-play" infrastructure companies–companies whose primary business is the ownership and operation of infrastructure assets, activities that generally generate long-term stable cash flows.

Eligible companies must have more than 70% of cash flows derived from the following infrastructure assets (exclusive of cash flow from infrastructure-related businesses, such as energy exploration and generation): airports; toll roads; ports; communications; electricity transmission and distribution; oil and gas storage and transportation; water; or diversified (multiple infrastructure assets). Additionally, companies must meet minimum market capitalization and trading volume requirements. Index weights are based on a modified free-float adjusted market capitalization methodology. The index is reconstituted and rebalanced quarterly in March, June, September and December.

Learn more about the index methodology.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Infrastructure: A Refuge in Uncertain Times?

Could pure-play infrastructure provide a refuge from today’s volatility, inflation and slowing growth? Infrastructure owners and operators have investment characteristics that we believe make them well suited to uncertain times like these.
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Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

This ETF is subject to risks faced by companies in the infrastructure, energy and utilities industries to the same extent as the Dow Jones Brookfield Global Infrastructure Composite Index is so concentrated. This ETF invests in master limited partnerships (MLPs). Investments in MLPs expose the ETF to certain tax risks associated with investing in partnerships. Changes in U.S. tax laws could revoke the pass-through attributes that provide the tax efficiencies that make MLPs attractive investment structures. MLPs may also have limited financial resources, may be relatively illiquid, and may be subject to more erratic price movements because of the underlying assets they hold. In addition, a portion of the ETF's distributions may be a return of capital, which constitutes the return of a portion of a shareholder's original investment. Under tax rules, returns of capital are generally not currently taxable, but lower a shareholder's tax basis in their shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of shares.

International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Emerging markets are riskier than more developed markets because they may develop unevenly or may never fully develop. Investments in emerging markets are considered speculative.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "Dow Jones Brookfield Global Infrastructure Composite" Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the Dow Jones Brookfield Global Infrastructure Composite Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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