Ultra Telecommunications - LTL Ultra Telecommunications

ProShares Ultra Telecommunications seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select TelecommunicationsSM Index.

This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. For more on risks, please read the prospectus.

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Index/Benchmark Summary

The Dow Jones U.S. Select Telecommunications IndexSM measures providers of fixed-line and mobile telephone services. Fixed-line includes regional and long-distance carriers. Mobile includes cellular, satellite and paging services.

Fundamentals as of 9/30/19

Total Number of Companies 41
Price/Earnings Ratio 18.51
Price/Book Ratio 2.37
Dividend Yield *(%) 3.05
Average Index Market Capitalization $24.18 billion

* Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Index Holdings Information as of 9/30/19

Top 10 Index Companies Weight
Verizon Communications Inc. 23.27%
AT&T Inc. 22.64%
Motorola Solutions Inc. 4.78%
T-Mobile US Inc. 4.58%
Cisco Systems Inc. 4.58%
Arista Networks Inc. 4.48%
Garmin Ltd. 4.22%
CenturyLink Inc. 4.22%
Juniper Networks Inc. 2.95%
F5 Networks Inc. 2.91%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Holdings as of 9/30/19

Index Sector Weightings § Weight
Diversified Telecommunication Services 57.17%
Communications Equipment 31.07%
Wireless Telecommunication Services 7.54%
Household Durables 4.22%

§ Sum of weightings may not equal 100% due to rounding.