TOLZ

DJ Brookfield Global Infrastructure ETF

star-star-3 star-star-3 star-star-3 star-star-3
Morningstar Rating
Overall Morningstar Rating out of 82 Infrastructure funds based on risk-adjusted returns as of 03/31/25.

Why 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 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.

Documents & Downloads

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 3.96% 7.67% 5.36% 7.67% 18.90% 5.48% 12.00% 5.51% 5.97% 03/25/2014
TOLZ NAV 3.83% 7.31% 5.19% 7.31% 18.97% 5.34% 11.94% 5.59% 5.95% 03/25/2014
Dow Jones Brookfield Global Infrastructure Composite Index 3.67% 7.25% 4.94% 7.25% 18.58% 4.92% 11.66% 5.21% 5.60% --

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
  • Options Available
    Yes
Characteristics
as of 3/31/2025
  • Number of Companies
    109
  • Price/Earnings Ratio
    19.56
  • Price/Book Ratio
    2.37

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield
    1.8%

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

Price
as of 4/24/2025
  • NAV
    $53.59
  • NAV Change
    $+0.51 up caret
  • Market Price
    $53.69
  • Market Price Change
    $+0.61 up caret
  • Trading Volume (M)
    4,900
  • View Premium / Discount
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
  • Options Available
    Yes
Characteristics
as of 3/31/2025
  • Number of Companies
    109
  • Price/Earnings Ratio
    19.56
  • Price/Book Ratio
    2.37

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield
    1.8%

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

Price
as of 4/24/2025
  • NAV
    $53.59
  • NAV Change
    $+0.51 up caret
  • Market Price
    $53.69
  • Market Price Change
    $+0.61 up caret
  • Trading Volume (M)
    4,900
  • 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%.

Exposures

Fund as of 4/24/2025

Holdings

as of 4/24/2025

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
7.63% ENB ENBRIDGE INC -- $12,263,156.91 264,512 2466149
5.30% NG/ NATIONAL GRID PLC -- $8,523,955.46 593,934 BDR05C0
5.24% DG VINCI SA -- $8,432,097.05 61,517 B1XH026
4.96% AMT AMERICAN TOWER CORP -- $7,970,499.81 37,791 B7FBFL2
3.88% TRP TC ENERGY CORP -- $6,241,900.86 126,135 BJMY6G0
3.65% WMB WILLIAMS COS INC -- $5,874,088.62 98,542 2967181
2.76% ET ENERGY TRANSFER LP -- $4,436,233.18 252,202 B0WHXD2
2.69% OKE ONEOK INC -- $4,328,063.64 50,163 2130109
2.62% LNG CHENIERE ENERGY INC -- $4,209,429.21 18,123 2654364
2.61% KMI KINDER MORGAN INC -- $4,200,452.75 156,325 B3NQ4P8
2.37% SRE SEMPRA -- $3,817,957.68 51,234 2138158
2.34% EXC EXELON CORP -- $3,766,304.69 81,293 2670519
2.31% EPD ENTERPRISE PRODUCTS PARTNERS -- $3,712,054.80 118,596 2285388
2.20% CCI CROWN CASTLE INC -- $3,540,254.25 35,139 BTGQCX1
2.09% TCL TRANSURBAN GROUP -- $3,352,497.64 376,802 6200882
1.94% TRGP TARGA RESOURCES CORP -- $3,122,988.00 17,644 B55PZY3
1.94% ED CONSOLIDATED EDISON INC -- $3,116,120.00 28,000 2216850
1.92% PCG P G & E CORP -- $3,084,620.81 177,379 2689560
1.83% FTS FORTIS INC -- $2,943,357.87 60,619 2347200
1.77% CLNX CELLNEX TELECOM SA -- $2,845,094.35 71,179 BX90C05
1.73% FER FERROVIAL SE -- $2,777,237.96 59,355 BRS7CF0
1.68% PPL PEMBINA PIPELINE CORP -- $2,704,011.78 70,492 B4PT2P8
1.43% AWK AMERICAN WATER WORKS CO INC -- $2,304,803.28 15,782 B2R3PV1
1.36% AENA AENA SME SA -- $2,191,059.73 8,935 BVRZ8L1
1.28% ATO ATMOS ENERGY CORP -- $2,051,120.82 12,846 2315359
1.24% CNP CENTERPOINT ENERGY INC -- $1,998,050.10 52,719 2440637
1.21% SBAC SBA COMMUNICATIONS CORP -- $1,937,816.64 8,696 BZ6TS23
1.13% EIX EDISON INTERNATIONAL -- $1,821,194.40 31,292 2829515
1.08% ES EVERSOURCE ENERGY -- $1,736,409.51 29,667 BVVN4Q8
1.03% TRN TERNA-RETE ELETTRICA NAZIONA -- $1,661,046.30 170,808 B01BN57
1.00% MPLX MPLX LP -- $1,613,099.28 30,714 B847R56
0.94% NI NISOURCE INC -- $1,508,554.24 38,018 2645409
0.89% H HYDRO ONE LTD -- $1,427,042.98 38,536 BYYXJY9
0.87% SRG SNAM SPA -- $1,401,353.41 248,422 7251470
0.86% 9531 TOKYO GAS CO LTD -- $1,388,021.20 42,019 6895448
0.76% UU/ UNITED UTILITIES GROUP PLC -- $1,224,747.66 83,061 B39J2M4
0.73% 3 HONG KONG & CHINA GAS -- $1,167,658.82 1,296,118 6436557
0.73% SVT SEVERN TRENT PLC -- $1,167,578.64 32,183 B1FH8J7
0.70% SBS CIA SANEAMENTO BASICO DE-ADR -- $1,127,608.74 55,767 2945927
0.67% RED REDEIA CORP SA -- $1,071,232.27 49,420 BD6FXN3
0.63% PAC GRUPO AEROPORTUARIO PAC-ADR -- $1,017,569.28 4,992 B0YFC60
0.61% AIA AUCKLAND INTL AIRPORT LTD -- $982,697.21 204,831 BKX3XG2
0.53% KEY KEYERA CORP -- $851,311.15 27,799 B3SGMV5
0.51% APA APA GROUP -- $825,873.94 156,661 6247306
0.51% WTRG ESSENTIAL UTILITIES INC -- $824,597.62 20,426 BLCF3J9
0.50% DTM DT MIDSTREAM INC -- $811,754.37 8,207 BN7L880
0.50% BIP BROOKFIELD INFRASTRUCTURE PA -- $801,332.07 27,699 B2NHY98
0.50% 788 CHINA TOWER CORP LTD-H -- $799,407.51 560,814 BTVMCY5
0.45% 2688 ENN ENERGY HOLDINGS LTD -- $720,805.00 90,060 6333937
0.43% GET GETLINK SE -- $698,616.86 38,068 B292JQ9
0.43% PAA PLAINS ALL AMER PIPELINE LP -- $690,216.80 37,924 2311960
0.41% ASR GRUPO AEROPORTUARIO SUR-ADR -- $663,387.16 2,116 2639361
0.39% SOBO SOUTH BOW CORP -- $623,483.78 25,250 BMZMBC3
0.39% WES WESTERN MIDSTREAM PARTNERS L -- $620,335.29 15,837 BJ552C8
0.36% FHZN FLUGHAFEN ZURICH AG-REG -- $575,664.57 2,324 BYQ8481
0.36% ADP ADP -- $572,891.95 4,703 B164FY1
0.35% NTGY NATURGY ENERGY GROUP SA -- $556,073.74 18,859 5650422
0.32% BIPC BROOKFIELD INFRASTRUCTURE-A -- $517,942.08 14,292 BSPS5M1
0.32% ELI ELIA GROUP SA/NV -- $506,690.57 4,937 B09M9F4
0.31% INW INFRASTRUTTURE WIRELESS ITAL -- $491,593.59 41,964 BZ0P4R4
0.30% IG ITALGAS SPA -- $475,132.96 59,073 BD2Z8S7
0.29% AM ANTERO MIDSTREAM CORP -- $459,801.42 27,079 BJBT0Q4
0.27% ENG ENAGAS SA -- $432,960.08 28,573 7383072
0.26% 135 KUNLUN ENERGY CO LTD -- $425,508.45 436,709 6340078
0.25% ALX ATLAS ARTERIA -- $409,243.23 128,550 BZ03TZ1
0.25% NJR NEW JERSEY RESOURCES CORP -- $400,422.42 8,109 2630513
0.23% OMAB GRUPO AEROPORTUARIO CEN-ADR -- $377,367.90 4,186 B1JB4F3
0.23% HICL HICL INFRASTRUCTURE PLC -- $373,806.57 242,018 BJLP1Y7
0.23% PNN PENNON GROUP PLC -- $369,924.79 57,303 BNNTLN4
0.23% SR SPIRE INC -- $368,828.76 4,731 BYXJQG9
0.23% HESM HESS MIDSTREAM LP - CLASS A -- $362,561.76 9,306 BKPK695
0.22% OGS ONE GAS INC -- $358,712.19 4,569 BJ0KXV4
0.22% SWX SOUTHWEST GAS HOLDINGS INC -- $356,068.86 4,863 2831888
0.21% 3IN 3I INFRASTRUCTURE PLC -- $344,125.01 79,508 BF5FX16
0.21% 9533 TOHO GAS CO LTD -- $330,074.81 11,342 6895222
0.20% VPK VOPAK -- $314,577.41 7,448 5809428
0.19% 9706 JAPAN AIRPORT TERMINAL CO -- $313,176.70 11,323 6472175
0.19% GEI GIBSON ENERGY INC -- $312,605.26 19,800 B44WH97
0.19% PAGP PLAINS GP HOLDINGS LP-CL A -- $306,597.02 15,853 BDGHN95
0.19% 1193 CHINA RESOURCES GAS GROUP LT -- $306,145.57 108,465 6535517
0.18% NWE NORTHWESTERN ENERGY GROUP IN -- $291,438.31 4,981 B03PGL4
0.18% 384 CHINA GAS HOLDINGS LTD -- $282,751.53 319,806 6460794
0.16% FRA FRAPORT AG FRANKFURT AIRPORT -- $264,449.98 3,830 7107551
0.15% CPK CHESAPEAKE UTILITIES CORP -- $244,833.81 1,833 2190750
0.15% AWR AMERICAN STATES WATER CO -- $242,664.66 3,057 2267171
0.15% CWT CALIFORNIA WATER SERVICE GRP -- $241,090.85 4,817 2165383
0.14% SESG SES -- $229,625.52 42,842 B00ZQQ2
0.14% 392 BEIJING ENTERPRISES HLDGS -- $225,957.08 57,482 6081690
0.14% 144 CHINA MERCHANTS PORT HOLDING -- $225,360.99 141,242 6416139
0.11% 177 JIANGSU EXPRESS CO LTD-H -- $183,680.50 146,172 6005504
0.11% CQP CHENIERE ENERGY PARTNERS LP -- $183,136.53 3,093 B1VNH36
0.11% 371 BEIJING ENTERPRISES WATER GR -- $172,981.18 543,385 B01YCG0
0.09% NWN NORTHWEST NATURAL HOLDING CO -- $140,308.27 3,191 BFNR303
0.09% HTWS HELIOS TOWERS PLC -- $137,476.05 96,328 BJVQC70
0.08% GEL GENESIS ENERGY L.P. -- $132,594.00 9,240 2372257
0.08% SJW SJW GROUP -- $132,282.21 2,433 2811932
0.07% ACE ACEA SPA -- $118,930.88 5,311 5728125
0.06% HPHT HUTCHISON PORT HOLDINGS TR-U -- $88,858.48 621,388 B56ZM74
0.05% 694 BEIJING CAPITAL INTL AIRPO-H -- $84,425.47 233,949 6208422
0.05% 1199 COSCO SHIPPING PORTS LTD -- $79,836.38 149,988 6354251
0.05% UTL UNITIL CORP -- $76,140.56 1,304 2925037
0.05% RWAY RAI WAY SPA -- $76,123.03 11,430 BSM8WL2
0.05% 855 CHINA WATER AFFAIRS GROUP -- $74,171.32 96,076 6671477
0.04% WTE WESTSHORE TERMINALS INVESTME -- $71,564.02 3,900 B8KB138
0.04% CAAP CORP AMERICA AIRPORTS SA -- $67,347.40 3,515 BD45SN0
0.04% 548 SHENZHEN EXPRESSWAY CORP-H -- $61,742.48 73,929 6848743
0.04% NFE NEW FORTRESS ENERGY INC -- $60,954.08 10,384 BH3Z4P3
0.03% 1052 YUEXIU TRANSPORT INFRASTRUCT -- $47,562.89 108,223 6398787
-- -- NET OTHER ASSETS (LIABILITIES) -- $928,437.09 928,437 --

Index

as of 3/31/2025

  • Total Number of Companies108
  • Price/Earnings Ratio19.56
  • Price/Book Ratio2.37
  • Dividend Yield ( % )4.08
  • Avg. Index Market Capitalization$17.86 billion
About the Index

The Dow Jones Brookfield Global Infrastructure Composite Index measures the performance of companies in developed markets that are owners and operators of pure-play infrastructure assets.

Pure-play infrastructure sectors include, for example, airports, toll roads, ports, communications, electricity transmission & distribution, oil & gas storage & transportation, and water.

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.
Read More
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.

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

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.

Star rating is © 2025 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. TOLZ was rated against the following numbers of U.S.-domiciled Infrastructure funds for the following time periods: 82 for the last three years, 75 for the last five years, and 47 for the last 10 years ending 03/31/25. With respect to these Infrastructure funds, TOLZ received a Morningstar Rating of 4 stars for the three-year period, 4 stars for the five-year period, and 3 stars for the ten-year period. Past performance is no guarantee of future results.

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.

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