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Ultra Semiconductors

Investment Objective

ProShares Ultra Semiconductors 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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Important Considerations

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, holding periods of greater than one day can result in returns that are significantly different than the target return, and 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. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

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
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Annual Report
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Semi Annual Report
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

Daily Return during Q3 2023

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 8/31/2023
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
USD Market Price -3.15% 26.18% 99.01% 180.25% 134.84% 34.29% 32.14% 40.46% 19.16% 01/30/2007
USD NAV -3.09% 25.85% 98.49% 180.04% 134.65% 34.17% 32.15% 40.46% 19.15% 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
  • Gross Expense Ratio 0.97%
  • Net Expense Ratio 0.95%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 9/28/2023
  • NAV $38.11
  • NAV Change $+1.24 up caret
  • Market Price $38.11
  • Market Price Change $+1.20 up caret
  • Trading Volume (M) 233,635
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount
Snapshot
  • Ticker USD
  • Intraday Ticker USD.IV
  • CUSIP 74347R669
  • Inception Date 1/30/07
  • Expense Ratio 0.95%*
  • Gross Expense Ratio 0.97%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 9/28/2023
  • NAV $38.11
  • NAV Change $+1.24 up caret
  • Market Price $38.11
  • Market Price Change $+1.20 up caret
  • Trading Volume (M) 233,635
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/23.

Exposures

Index as of 6/30/2023

Holdings

as of 9/28/2023

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
59.72% -- DJ U.S. SEMICONDUCTORS INDEX SWAP UBS AG 168,162,243 -- 17,930 --
32.66% NVDA NVIDIA CORP -- $91,984,242.75 213,475 2379504
17.93% -- DJ U.S. SEMICONDUCTORS INDEX SWAP JP MORGAN SECURITIES 50,495,567 -- 5,384 --
10.54% AVGO BROADCOM INC -- $29,674,944.00 35,667 BDZ78H9
10.34% -- DJ U.S. SEMICONDUCTORS INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC 29,111,857 -- 3,104 --
9.48% -- DJ U.S. SEMICONDUCTORS INDEX SWAP SOCIETE GENERALE 26,692,122 -- 2,846 --
8.45% -- DJ U.S. SEMICONDUCTORS INDEX SWAP BANK OF AMERICA NA 23,803,445 -- 2,538 --
6.22% -- DJ U.S. SEMICONDUCTORS INDEX SWAP BNP PARIBAS BANK OF AMERICA NA 17,529,015 -- 1,869 --
5.10% AMD ADVANCED MICRO DEVICES -- $14,349,200.88 139,638 2007849
4.52% INTC INTEL CORP -- $12,733,612.08 361,956 2463247
4.43% TXN TEXAS INSTRUMENTS INC -- $12,484,269.57 78,473 2885409
3.81% QCOM QUALCOMM INC -- $10,715,928.30 96,453 2714923
3.56% AMAT APPLIED MATERIALS INC -- $10,031,592.94 72,577 2046552
3.06% -- DJUSSC SWAPS NOTIONAL=0 8,619,136 -- 919 --
2.71% ADI ANALOG DEVICES INC -- $7,644,903.76 43,336 2032067
2.57% LRCX LAM RESEARCH CORP -- $7,229,030.40 11,520 2502247
2.19% MU MICRON TECHNOLOGY INC -- $6,172,092.80 94,664 2588184
1.92% KLAC KLA CORP -- $5,412,791.44 11,816 2480138
1.59% NXPI NXP SEMICONDUCTORS NV -- $4,468,008.93 22,281 B505PN7
1.43% MRVL MARVELL TECHNOLOGY INC -- $4,013,658.00 74,327 BNKJSM5
1.31% MCHP MICROCHIP TECHNOLOGY INC -- $3,698,207.45 47,045 2592174
1.25% ON ON SEMICONDUCTOR -- $3,507,688.80 37,296 2583576
0.66% MPWR MONOLITHIC POWER SYSTEMS INC -- $1,865,977.68 4,129 B01Z7J1
0.50% ENPH ENPHASE ENERGY INC -- $1,414,435.70 11,785 B65SQW4
0.48% SWKS SKYWORKS SOLUTIONS INC -- $1,348,532.64 13,776 2961053
0.47% TER TERADYNE INC -- $1,326,840.48 13,311 2884183
0.42% ENTG ENTEGRIS INC -- $1,190,143.02 12,973 2599700
0.36% LSCC LATTICE SEMICONDUCTOR CORP -- $1,008,316.32 11,913 2506658
0.29% QRVO QORVO INC -- $807,867.14 8,462 BR9YYP4
0.23% SEDG SOLAREDGE TECHNOLOGIES INC -- $639,057.12 4,888 BWC52Q6
0.21% OLED UNIVERSAL DISPLAY CORP -- $587,490.60 3,765 2277880
0.19% RMBS RAMBUS INC -- $525,739.68 9,432 2721967
0.16% MKSI MKS INSTRUMENTS INC -- $460,633.60 5,432 2404871
0.16% ACLS AXCELIS TECHNOLOGIES INC -- $458,496.12 2,836 BD420Q8
0.15% GFS GLOBALFOUNDRIES INC -- $419,165.80 7,153 BMW7F63
0.14% WOLF WOLFSPEED INC -- $406,329.66 10,758 BMBVND9
0.13% POWI POWER INTEGRATIONS INC -- $379,787.20 4,960 2133045
0.12% CRUS CIRRUS LOGIC INC -- $350,061.12 4,728 2197308
0.11% SLAB SILICON LABORATORIES INC -- $320,648.22 2,754 2568131
0.07% AMKR AMKOR TECHNOLOGY INC -- $203,108.40 8,920 2242929
0.07% ALGM ALLEGRO MICROSYSTEMS INC -- $199,570.88 6,152 BN4LSB6
-- -- NET OTHER ASSETS (LIABILITIES) -- $43,574,774.22 43,574,774 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 6/30/2023

  • Total Number of Companies33
  • Price/Earnings Ratio29.331
  • Price/Book Ratio6.862
  • Dividend Yield ( % )0.99
  • Avg. Index Market Capitalization$87.62 billion
About the Index

The Dow Jones U.S. Semiconductor Index measures the performance of the semiconductor industry of the U.S. equity market. Component companies are engaged in the production of semiconductors and other integrated chips, as well as other related products such as circuit boards and motherboards.

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.

Distributions

For

2023
  • 2023
  • 2022
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series

Part I: The Significance of Portfolio Hedging

Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market.
Read More

Part II: Strategies for Hedging Your Portfolio

Part III: The Efficacy of Hedging with Inverse ETFs
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 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, holding periods of greater than one day can result in returns that are significantly different than the target return, and 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. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

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.

The "Dow Jones U.S. Semiconductors IndexSM" is a product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones,®" "DJ," "Dow Jones Indexes" and "Dow Jones U.S. Semiconductors Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProShares. ProShares have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProShares based on the Dow Jones U.S. Semiconductors Index are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, 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.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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