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.

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Performance

Daily Return during Q1 2024

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 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
LTL Market Price 8.64% 35.36% 17.71% 8.64% 58.05% 11.77% 10.14% 3.96% 4.46% 03/25/2008
LTL NAV 8.30% 35.15% 17.19% 8.30% 57.13% 11.89% 9.86% 4.07% 4.44% 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 8.96%
  • Net Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 2/23/2024
  • NAV $60.15
  • NAV Change $-0.46 down caret
  • Market Price $60.23
  • Market Price Change $-0.32 down caret
  • Trading Volume (M) 258
  • 30-Day Median Bid Ask Spread 0.10%
  • View Premium / Discount
Snapshot
  • Ticker LTL
  • Intraday Ticker LTL.IV
  • CUSIP 74347R263
  • Inception Date 3/25/08
  • Expense Ratio 0.95%
  • Gross Expense Ratio 8.96%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 2/23/2024
  • NAV $60.15
  • NAV Change $-0.46 down caret
  • Market Price $60.23
  • Market Price Change $-0.32 down caret
  • Trading Volume (M) 258
  • 30-Day Median Bid Ask Spread 0.10%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/24.

Exposures

Index as of 12/29/2023

Holdings

as of 2/23/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
51.31% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP BNP PARIBAS 2,777,169 -- 6,673 --
34.25% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP BANK OF AMERICA NA 1,854,082 -- 4,455 --
24.61% META META PLATFORMS INC-CLASS A -- $1,332,050.56 2,752 B7TL820
22.97% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP SOCIETE GENERALE 1,243,130 -- 2,987 --
9.74% GOOGL ALPHABET INC-CL A -- $527,325.48 3,663 BYVY8G0
8.27% GOOG ALPHABET INC-CL C -- $447,783.78 3,082 BYY88Y7
5.73% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP UBS AG 310,054 -- 745 --
4.26% NFLX NETFLIX INC -- $230,506.20 395 2857817
3.84% DIS WALT DISNEY CO/THE -- $207,938.20 1,930 2270726
3.52% VZ VERIZON COMMUNICATIONS INC -- $190,410.78 4,683 2090571
3.48% TMUS T-MOBILE US INC -- $188,169.30 1,145 B94Q9V0
3.44% EA ELECTRONIC ARTS INC -- $186,222.54 1,306 2310194
3.29% CMCSA COMCAST CORP-CLASS A -- $178,284.50 4,255 2044545
3.29% T AT&T INC -- $177,861.60 10,587 2831811
2.69% CHTR CHARTER COMMUNICATIONS INC-A -- $145,817.54 487 BZ6VT82
2.55% -- COMMUNICATION SERVICES SELECT SECTOR INDEX SWAP GOLDMAN SACHS INTERNATIONAL 138,172 -- 332 --
2.45% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $132,435.77 877 2122117
1.96% WBD WARNER BROS DISCOVERY INC -- $105,954.66 12,306 BM8JYX3
1.80% OMC OMNICOM GROUP -- $97,282.80 1,098 2279303
1.39% LYV LIVE NATION ENTERTAINMENT IN -- $75,016.84 787 B0T7YX2
1.27% IPG INTERPUBLIC GROUP OF COS INC -- $68,605.20 2,124 2466321
1.03% NWSA NEWS CORP - CLASS A -- $55,767.30 2,110 BBGVT40
1.03% MTCH MATCH GROUP INC -- $55,548.02 1,507 BK80XH9
0.77% FOXA FOX CORP - CLASS A -- $41,445.33 1,371 BJJMGL2
0.55% PARA PARAMOUNT GLOBAL-CLASS B -- $29,986.75 2,675 BKTNTR9
0.37% FOX FOX CORP - CLASS B -- $20,261.76 732 BJJMGY5
0.32% NWS NEWS CORP - CLASS B -- $17,568.46 637 BBGVT51
-- -- NET OTHER ASSETS (LIABILITIES) -- $900,765.65 900,766 --

Index

as of 12/29/2023

  • Total Number of Companies22
  • Price/Earnings Ratio22.506
  • Price/Book Ratio3.072
  • Dividend Yield ( % )0.96
  • Avg. Index Market Capitalization$167.50 billion
About the Index

The Index represents the communication services sector of the S&P 500 Index (“S&P 500”). The Index is one of eleven S&P Select Sector Indices, each designed to measure the performance of a sector of the S&P 500. The Index includes equity securities of companies from the following Global Industry Classification Standard (GICS®) industries: diversified telecommunications services; wireless telecommunications services; media; entertainment; and interactive media & services.

Distributions

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

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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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