USD seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. SemiconductorsSM Index.
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Performance
30 Day Daily Return
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
Month-End Total Returns as of 8/31/2026
| Fund | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| USD NAV | 7.64% | -16.85% | 60.60% | 61.56% | 101.99% | 94.61% | 55.28% | 53.66% | 28.45% | 01/30/2007 |
| USD Market Price | 7.56% | -16.99% | 60.57% | 61.61% | 101.56% | 94.55% | 55.25% | 53.62% | 28.45% | 01/30/2007 |
| Fund | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| USD Market Price | 2.25% | 117.76% | 99.07% | 99.07% | 183.07% | 115.22% | 63.51% | 61.13% | 30.12% | 01/30/2007 |
| USD NAV | 2.58% | 117.61% | 99.32% | 99.32% | 183.27% | 115.27% | 63.58% | 61.21% | 30.13% | 01/30/2007 |
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 USD
- Intraday Ticker USD.IV
- CUSIP 74347R669
- Inception Date 1/30/07
- Net Assets $2,776,238,968
- Gross Expense Ratio 0.95%
- Net Expense Ratio 0.95%
- NAV Calculation Time
- Distributions Quarterly
- Options Available Yes
Price
as of 9/04/2026- NAV
- NAV Change
- Market Price $88.80
- Market Price Change $+3.63
- Trading Volume (M) 688,023
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Snapshot
- Ticker USD
- Intraday Ticker USD.IV
- CUSIP 74347R669
- Inception Date 1/30/07
- Net Assets $2,776,238,968
- Gross Expense Ratio 0.95%
- Net Expense Ratio 0.95%
- NAV Calculation Time
- Distributions Quarterly
- Options Available Yes
Price
as of 9/04/2026- NAV
- NAV Change
- Market Price $88.80
- Market Price Change $+3.63
- Trading Volume (M) 688,023
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Expenses with Contractual Waiver through September 30, 2026. Without the fee waiver performance would likely be lower.
Exposures
Index as of 6/30/2026
Holdings
as of 9/04/2026
| Exposure Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 19.62% | NVDA | NVIDIA CORP | -- | $544,557,909.50 | 2,363,943 | 2379504 |
| 5.96% | AVGO | BROADCOM INC | -- | $165,383,637.40 | 462,101 | BDZ78H9 |
| 4.03% | MU | MICRON TECHNOLOGY INC | -- | $111,886,912.00 | 110,061 | 2588184 |
| 2.74% | AMD | ADVANCED MICRO DEVICES | -- | $76,006,220.64 | 159,152 | 2007849 |
| 1.66% | INTC | INTEL CORP | -- | $46,183,264.00 | 482,080 | 2463247 |
| 1.35% | LRCX | LAM RESEARCH CORP | -- | $37,550,836.05 | 122,057 | BSML4N7 |
| 1.27% | AMAT | APPLIED MATERIALS INC | -- | $35,220,017.76 | 77,456 | 2046552 |
| 0.85% | KLAC | KLA CORP | -- | $23,663,814.40 | 127,499 | 2480138 |
| 0.83% | TXN | TEXAS INSTRUMENTS INC | -- | $22,955,674.56 | 88,824 | 2885409 |
| 0.69% | MRVL | MARVELL TECHNOLOGY INC | -- | $19,104,135.90 | 85,458 | BNKJSM5 |
| 0.63% | QCOM | QUALCOMM INC | -- | $17,358,283.80 | 102,870 | 2714923 |
| 0.62% | ADI | ANALOG DEVICES INC | -- | $17,263,748.25 | 47,657 | 2032067 |
| 0.21% | MPWR | MONOLITHIC POWER SYSTEMS INC | -- | $5,863,513.26 | 4,791 | B01Z7J1 |
| 0.20% | NXPI | NXP SEMICONDUCTORS NV | -- | $5,615,677.08 | 24,648 | B505PN7 |
| 0.20% | TER | TERADYNE INC | -- | $5,455,061.37 | 15,279 | 2884183 |
| 0.15% | ALAB | ASTERA LABS INC | -- | $4,051,651.20 | 13,053 | BMTQ7V2 |
| 0.14% | MCHP | MICROCHIP TECHNOLOGY INC | -- | $3,916,769.36 | 52,808 | 2592174 |
| 0.10% | ON | ON SEMICONDUCTOR | -- | $2,845,183.76 | 38,252 | 2583576 |
| 0.10% | CRDO | CREDO TECHNOLOGY GROUP HOLDI | -- | $2,703,534.50 | 15,850 | BLD13F2 |
| 0.09% | Q | QNITY ELECTRONICS INC | -- | $2,461,563.51 | 20,433 | BW1P234 |
| 0.07% | ENTG | ENTEGRIS INC | -- | $2,064,451.20 | 14,880 | 2599700 |
| 0.06% | MTSI | MACOM TECHNOLOGY SOLUTIONS H | -- | $1,722,624.75 | 6,405 | B5B15Y5 |
| 0.06% | MKSI | MKS INC | -- | $1,716,744.45 | 6,595 | 2404871 |
| 0.06% | LSCC | LATTICE SEMICONDUCTOR CORP | -- | $1,548,887.60 | 13,364 | 2506658 |
| 0.05% | IONQ | IONQ INC | -- | $1,486,228.64 | 37,607 | BP484B3 |
| 0.05% | ONTO | ONTO INNOVATION INC | -- | $1,300,384.52 | 4,852 | BKZ7N95 |
| 0.04% | SWKS | SKYWORKS SOLUTIONS INC | -- | $1,086,095.46 | 14,673 | 2961053 |
| 0.03% | RMBS | RAMBUS INC | -- | $902,372.14 | 10,559 | 2721967 |
| 0.03% | QRVO | QORVO INC | -- | $804,208.80 | 7,820 | BR9YYP4 |
| 0.03% | SLAB | SILICON LABORATORIES INC | -- | $708,502.96 | 3,212 | 2568131 |
| 0.03% | CBRS | CEREBRAS SYSTEMS INC - A | -- | $706,188.10 | 3,362 | BQ732F2 |
| 0.02% | CRUS | CIRRUS LOGIC INC | -- | $563,446.17 | 4,977 | 2197308 |
| 0.02% | AMKR | AMKOR TECHNOLOGY INC | -- | $531,441.25 | 11,125 | 2242929 |
| 0.02% | ENPH | ENPHASE ENERGY INC | -- | $467,936.42 | 12,866 | B65SQW4 |
| 0.02% | GFS | GLOBALFOUNDRIES INC | -- | $459,785.70 | 10,170 | BMW7F63 |
| 0.02% | ALGM | ALLEGRO MICROSYSTEMS INC | -- | $443,310.49 | 12,109 | BN4LSB6 |
| 0.01% | OLED | UNIVERSAL DISPLAY CORP | -- | $349,841.42 | 4,249 | 2277880 |
| 27.63% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP UBS AG | 766,936,234 | -- | 19,289 | -- |
| 25.78% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP BANK OF AMERICA NA | 715,526,179 | -- | 17,996 | -- |
| 24.30% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP CITIBANK NA | 674,493,560 | -- | 16,964 | -- |
| 24.07% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP BNP PARIBAS | 668,131,913 | -- | 16,804 | -- |
| 16.05% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP SOCIETE GENERALE | 445,633,330 | -- | 11,208 | -- |
| 14.13% | -- | DJUSSC SWAP GOLDMAN SACHS INTERNATIONAL | 392,314,781 | -- | 9,867 | -- |
| 11.38% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP JPMORGAN CHASE BANK NA | 315,975,025 | -- | 7,947 | -- |
| 10.23% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC | 284,087,272 | -- | 7,145 | -- |
| 4.33% | -- | DJ U.S. SEMICONDUCTORS INDEX SWAP BARCLAYS CAPITAL | 120,076,076 | -- | 3,020 | -- |
| -- | IQMM | PROSHARES GENIUS MNY MKT ETF | -- | $575,747,500.00 | 5,750,000 | BTGTPK8 |
| -- | -- | TREASURY BILL | -- | $84,983,243.10 | 85,000,000 | BVCHTX1 |
| -- | -- | TREASURY BILL | -- | $49,638,576.50 | 50,000,000 | BRCDQ07 |
| -- | -- | TREASURY BILL | -- | $30,650,343.87 | 31,000,000 | BSSBJ36 |
| -- | -- | TREASURY BILL | -- | $24,854,477.75 | 25,000,000 | BQGF9D6 |
| -- | -- | TREASURY BILL | -- | $9,976,810.50 | 10,000,000 | BVBFK11 |
| -- | -- | TREASURY BILL | -- | $4,967,351.55 | 5,000,000 | BXM1HG6 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $828,240,148.36 | 828,240,148 | -- |
Index
as of 6/30/2026
- Total Number of Holdings36
- Price/Earnings Ratio45.06
- Price/Book Ratio17.25
- Dividend Yield ( % )0.30
- Avg. Index Market Capitalization$354.33 billion
About the Index
The Dow Jones U.S. Semiconductors Index is designed to measure the performance of U.S. companies in the semiconductors subsector. The semiconductor subsector includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards.
Distributions
For
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2020
- 2019
- 2018
- 2017
- 2016
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
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