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LTL

Ultra Communication Services

Investment Objective

ProShares Ultra Communication Services seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Communication Services Select Sector Index.

How to buy
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Important Considerations

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”).

While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance.

For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target.

The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Common uses for magnified exposure

  • Seeking magnified gains (will also magnify losses)

  • Getting a target level of exposure for less cash

  • Overweighting a market segment without additional cash

Documents & Downloads
Fund Fact Sheet
This links to a pdf file This link opens a new window
NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

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 5/31/2025
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
LTL Market Price 11.81% -4.62% 0.83% 4.64% 36.52% 32.00% 22.05% 8.06% 6.96% 03/25/2008
LTL NAV 11.83% -4.72% 0.83% 4.52% 36.28% 32.00% 22.02% 7.97% 6.96% 03/25/2008

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
    LTL
  • Intraday Ticker
    LTL.IV
  • CUSIP
    74347R263
  • Inception Date
    3/25/08
  • Gross Expense Ratio
    5.63%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 7/01/2025
  • NAV
    $98.00
  • NAV Change
    $-1.47 down caret
  • Market Price
    $98.00
  • Market Price Change
    $-1.57 down caret
  • Trading Volume (M)
    30,941
  • View Premium / Discount
Snapshot
  • Ticker
    LTL
  • Intraday Ticker
    LTL.IV
  • CUSIP
    74347R263
  • Inception Date
    3/25/08
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    5.63%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 7/01/2025
  • NAV
    $98.00
  • NAV Change
    $-1.47 down caret
  • Market Price
    $98.00
  • Market Price Change
    $-1.57 down caret
  • Trading Volume (M)
    30,941
  • View Premium / Discount

Expenses with Contractual Waiver through September 30, 2025. Without the fee waiver performance would likely be lower.

Exposures

Index as of 3/31/2025

Holdings

as of 7/01/2025

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
13.25% META META PLATFORMS INC-CLASS A -- $1,428,370.92 1,986 B7TL820
7.00% GOOGL ALPHABET INC-CL A -- $754,177.76 4,289 BYVY8G0
6.14% NFLX NETFLIX INC -- $662,323.20 512 2857817
5.68% GOOG ALPHABET INC-CL C -- $611,931.69 3,459 BYY88Y7
3.38% EA ELECTRONIC ARTS INC -- $364,406.46 2,291 2310194
3.28% TMUS T-MOBILE US INC -- $353,812.15 1,465 B94Q9V0
3.28% CHTR CHARTER COMMUNICATIONS INC-A -- $353,395.90 845 BZ6VT82
3.24% DIS WALT DISNEY CO/THE -- $349,476.70 2,830 2270726
3.21% CMCSA COMCAST CORP-CLASS A -- $346,176.00 9,616 2044545
3.21% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $345,984.10 1,441 2122117
3.20% T AT&T INC -- $344,856.08 11,941 2831811
3.13% VZ VERIZON COMMUNICATIONS INC -- $337,777.44 7,733 2090571
2.55% WBD WARNER BROS DISCOVERY INC -- $275,020.66 25,139 BM8JYX3
2.45% LYV LIVE NATION ENTERTAINMENT IN -- $263,788.80 1,760 B0T7YX2
1.49% OMC OMNICOM GROUP -- $160,801.74 2,178 2279303
1.24% FOXA FOX CORP - CLASS A -- $133,768.30 2,390 BJJMGL2
1.22% TKO TKO GROUP HOLDINGS INC -- $131,707.50 750 BQBBFD1
1.16% NWSA NEWS CORP - CLASS A -- $125,193.03 4,211 BBGVT40
0.96% IPG INTERPUBLIC GROUP OF COS INC -- $103,736.64 4,128 2466321
0.83% MTCH MATCH GROUP INC -- $89,012.38 2,738 BK80XH9
0.82% PARA PARAMOUNT GLOBAL-CLASS B -- $88,435.20 6,720 BKTNTR9
0.70% FOX FOX CORP - CLASS B -- $75,992.07 1,473 BJJMGY5
0.40% NWS NEWS CORP - CLASS B -- $42,874.86 1,246 BBGVT51
50.58% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP BNP PARIBAS 5,451,833 -- 9,671 --
32.51% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP UBS AG 3,504,709 -- 6,217 --
18.61% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP BANK OF AMERICA NA 2,005,751 -- 3,558 --
15.17% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP GOLDMAN SACHS INTERNATIONAL 1,634,817 -- 2,900 --
11.92% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP SOCIETE GENERALE 1,285,304 -- 2,280 --
-- -- NET OTHER ASSETS (LIABILITIES) -- $3,036,553.03 3,036,553 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 3/31/2025

  • Total Number of Companies23
  • Price/Earnings Ratio23.828
  • Price/Book Ratio3.29
  • Dividend Yield ( % )0.99
  • Avg. Index Market Capitalization$205.04 billion
About the Index

The S&P Communication Services Select Sector Index is designed to measure the performance of communication services companies included in the S&P 500 Index.

The Index includes communication services companies in the following industries according to the Global Industry Classification Standard (GICS): diversified telecommunications services; wireless telecommunications services; media; entertainment; and interactive media & services.

Distributions

For

2025
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
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. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

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.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

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. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

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.

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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