IQQQ

Nasdaq-100 High Income ETF

Why Invest in IQQQ?

IQQQ is powered by a daily covered call strategy that offers:

  • High Income Potential: Selling call options each day can produce a high level of income
  • Efficient Income Generation Potential: Seek income and target Nasdaq-100 returns
  • Higher Return Potential: Seek to capture returns that traditional covered call strategies may sacrifice

Why Invest in IQQQ?

IQQQ is powered by a daily covered call strategy that offers:

  • High Income Potential: Selling call options each day can produce a high level of income
  • Efficient Income Generation Potential: Seek income and target Nasdaq-100 returns
  • Higher Return Potential: Seek to capture returns that traditional covered call strategies may sacrifice

About the Fund

Snapshot
  • Ticker IQQQ
  • Intraday Ticker IQQQ.IV
  • CUSIP 74347G234
  • Inception Date 3/18/24
  • Expense Ratio 0.55%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Monthly
Price
as of 4/11/2024
  • NAV $40.77
  • NAV Change $+0.57 up caret
  • Market Price $40.77
  • Market Price Change $+0.53 up caret
  • Trading Volume (M) 9,804
  • 30-Day Median Bid Ask Spread 0.37%
  • View Premium / Discount
Snapshot
  • Ticker IQQQ
  • Intraday Ticker IQQQ.IV
  • CUSIP 74347G234
  • Inception Date 3/18/24
  • Unitary Expense Ratio 0.55%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Monthly
Price
as of 4/11/2024
  • NAV $40.77
  • NAV Change $+0.57 up caret
  • Market Price $40.77
  • Market Price Change $+0.53 up caret
  • Trading Volume (M) 9,804
  • 30-Day Median Bid Ask Spread 0.37%
  • View Premium / Discount

Exposures

Index as of 3/11/2024

Holdings

as of 4/11/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
100.09% -- NASDAQ-100 DAILY COVERED CALL INDEX CALL ONLY SWAP GOLDMAN SACHS INTERNATIONAL 14,690,100 -- 159,467 --
15.11% -- NASDAQ 100 E-MINI EQUITY INDEX 21/JUN/2024 NQM4 INDEX 2,218,200 -- 06 --
7.54% MSFT MICROSOFT CORP -- $1,107,054.91 2,587 2588173
6.41% AAPL APPLE INC -- $941,015.04 5,376 2046251
5.37% NVDA NVIDIA CORP -- $788,359.20 870 2379504
4.66% AMZN AMAZON.COM INC -- $683,604.80 3,616 2000019
4.34% META META PLATFORMS INC-CLASS A -- $637,208.88 1,218 B7TL820
3.94% AVGO BROADCOM INC -- $577,868.28 418 BDZ78H9
2.23% GOOGL ALPHABET INC-CL A -- $326,790.50 2,050 BYVY8G0
2.16% GOOG ALPHABET INC-CL C -- $317,238.67 1,973 BYY88Y7
2.00% TSLA TESLA INC -- $292,978.80 1,678 B616C79
2.00% COST COSTCO WHOLESALE CORP -- $292,940.00 400 2701271
1.69% AMD ADVANCED MICRO DEVICES -- $247,736.50 1,453 2007849
1.67% NFLX NETFLIX INC -- $245,224.20 390 2857817
1.42% PEP PEPSICO INC -- $207,924.60 1,235 2681511
1.34% ADBE ADOBE INC -- $197,101.96 407 2008154
1.34% LIN LINDE PLC -- $196,602.00 434 BNZHB81
1.23% CSCO CISCO SYSTEMS INC -- $180,239.67 3,639 2198163
1.20% QCOM QUALCOMM INC -- $175,655.39 1,003 2714923
1.17% TMUS T-MOBILE US INC -- $171,295.54 1,066 B94Q9V0
1.08% AMAT APPLIED MATERIALS INC -- $158,883.08 746 2046552
1.07% INTU INTUIT INC -- $157,555.21 251 2459020
0.97% INTC INTEL CORP -- $142,994.00 3,800 2463247
0.97% CMCSA COMCAST CORP-CLASS A -- $142,938.54 3,561 2044545
0.95% TXN TEXAS INSTRUMENTS INC -- $139,870.40 817 2885409
0.89% AMGN AMGEN INC -- $130,140.00 482 2023607
0.86% MU MICRON TECHNOLOGY INC -- $126,362.41 991 2588184
0.85% ISRG INTUITIVE SURGICAL INC -- $124,346.42 317 2871301
0.79% BKNG BOOKING HOLDINGS INC -- $116,411.84 32 BDRXDB4
0.79% LRCX LAM RESEARCH CORP -- $116,050.64 118 2502247
0.79% HON HONEYWELL INTERNATIONAL INC -- $115,365.82 586 2020459
0.64% VRTX VERTEX PHARMACEUTICALS INC -- $93,253.59 233 2931034
0.62% ADP AUTOMATIC DATA PROCESSING -- $90,679.82 371 2065308
0.60% ADI ANALOG DEVICES INC -- $88,593.44 446 2032067
0.60% REGN REGENERON PHARMACEUTICALS -- $88,350.72 96 2730190
0.59% SBUX STARBUCKS CORP -- $87,274.40 1,016 2842255
0.58% KLAC KLA CORP -- $85,474.42 122 2480138
0.56% PANW PALO ALTO NETWORKS INC -- $82,603.26 291 B87ZMX0
0.55% MDLZ MONDELEZ INTERNATIONAL INC-A -- $80,803.80 1,210 B8CKK03
0.52% SNPS SYNOPSYS INC -- $76,989.89 137 2867719
0.52% GILD GILEAD SCIENCES INC -- $76,819.35 1,119 2369174
0.52% ASML ASML HOLDING NV-NY REG SHS -- $76,397.86 77 B908F01
0.52% CDNS CADENCE DESIGN SYS INC -- $75,664.40 244 2302232
0.49% PDD PDD HOLDINGS INC -- $72,556.87 599 BYVW0F7
0.47% MELI MERCADOLIBRE INC -- $69,347.76 46 B23X1H3
0.46% MAR MARRIOTT INTERNATIONAL -CL A -- $67,223.00 260 2210614
0.44% ABNB AIRBNB INC-CLASS A -- $65,175.48 394 BMGYYH4
0.44% CRWD CROWDSTRIKE HOLDINGS INC - A -- $64,831.20 204 BJJP138
0.43% PYPL PAYPAL HOLDINGS INC -- $63,233.80 961 BYW36M8
0.42% CSX CSX CORP -- $62,356.80 1,760 2160753
0.42% CTAS CINTAS CORP -- $61,072.83 91 2197137
0.39% ORLY O'REILLY AUTOMOTIVE INC -- $57,399.00 53 B65LWX6
0.38% NXPI NXP SEMICONDUCTORS NV -- $56,440.23 231 B505PN7
0.38% PCAR PACCAR INC -- $55,873.60 470 2665861
0.38% MRVL MARVELL TECHNOLOGY INC -- $55,507.28 776 BNKJSM5
0.37% CEG CONSTELLATION ENERGY -- $54,777.92 284 BMH4FS1
0.35% ROP ROPER TECHNOLOGIES INC -- $51,805.44 96 2749602
0.35% MNST MONSTER BEVERAGE CORP -- $51,117.82 934 BZ07BW4
0.34% WDAY WORKDAY INC-CLASS A -- $50,203.89 187 B8K6ZD1
0.33% DXCM DEXCOM INC -- $48,448.14 347 B0796X4
0.33% CPRT COPART INC -- $48,328.00 863 2208073
0.33% DASH DOORDASH INC - A -- $47,923.00 340 BN13P03
0.32% FTNT FORTINET INC -- $46,662.48 684 B5B2106
0.32% ADSK AUTODESK INC -- $46,283.52 192 2065159
0.30% MCHP MICROCHIP TECHNOLOGY INC -- $43,300.80 485 2592174
0.29% ODFL OLD DOMINION FREIGHT LINE -- $43,078.84 196 2656423
0.29% ROST ROSS STORES INC -- $42,401.82 303 2746711
0.28% PAYX PAYCHEX INC -- $40,378.00 325 2674458
0.27% KHC KRAFT HEINZ CO/THE -- $39,872.20 1,090 BYRY499
0.27% AEP AMERICAN ELECTRIC POWER -- $39,133.52 472 2026242
0.26% KDP KEURIG DR PEPPER INC -- $38,432.54 1,247 BD3W133
0.26% LULU LULULEMON ATHLETICA INC -- $37,791.36 108 B23FN39
0.26% IDXX IDEXX LABORATORIES INC -- $37,732.50 75 2459202
0.25% MRNA MODERNA INC -- $36,597.42 342 BGSXTS3
0.25% AZN ASTRAZENECA PLC-SPONS ADR -- $36,252.90 522 2989044
0.25% DDOG DATADOG INC - CLASS A -- $36,100.80 276 BKT9Y49
0.25% GEHC GE HEALTHCARE TECHNOLOGY -- $35,989.68 408 BL6JPG8
0.24% FAST FASTENAL CO -- $35,918.32 514 2332262
0.24% TTD TRADE DESK INC/THE -CLASS A -- $34,904.60 398 BD8FDD1
0.24% CHTR CHARTER COMMUNICATIONS INC-A -- $34,648.90 130 BZ6VT82
0.23% CSGP COSTAR GROUP INC -- $33,961.14 366 2262864
0.23% FANG DIAMONDBACK ENERGY INC -- $33,113.34 159 B7Y8YR3
0.22% EXC EXELON CORP -- $33,009.60 897 2670519
0.21% CTSH COGNIZANT TECH SOLUTIONS-A -- $31,474.22 446 2257019
0.21% EA ELECTRONIC ARTS INC -- $31,132.38 241 2310194
0.21% BKR BAKER HUGHES CO -- $30,523.02 898 BDHLTQ5
0.21% TEAM ATLASSIAN CORP-CL A -- $30,265.65 141 BQ1PC76
0.20% CDW CDW CORP/DE -- $30,008.00 121 BBM5MD6
0.19% VRSK VERISK ANALYTICS INC -- $28,590.08 128 B4P9W92
0.19% CCEP COCA-COLA EUROPACIFIC PARTNE -- $27,834.90 410 BYQQ3P5
0.18% ON ON SEMICONDUCTOR -- $26,969.20 382 2583576
0.18% XEL XCEL ENERGY INC -- $26,584.53 497 2614807
0.18% ANSS ANSYS INC -- $26,527.80 78 2045623
0.18% BIIB BIOGEN INC -- $26,274.72 129 2455965
0.17% DLTR DOLLAR TREE INC -- $25,398.75 195 2272476
0.17% GFS GLOBALFOUNDRIES INC -- $25,134.29 491 BMW7F63
0.17% ZS ZSCALER INC -- $24,760.52 134 BZ00V34
0.16% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $23,155.02 153 2122117
0.16% MDB MONGODB INC -- $22,786.56 64 BF2FJ99
0.13% WBD WARNER BROS DISCOVERY INC -- $18,728.22 2,193 BM8JYX3
0.13% ILMN ILLUMINA INC -- $18,559.40 142 2613990
0.10% WBA WALGREENS BOOTS ALLIANCE INC -- $14,030.08 776 BTN1Y44
0.08% SIRI SIRIUS XM HOLDINGS INC -- $11,536.36 3,454 BGLDK10
-- -- NET OTHER ASSETS (LIABILITIES) -- $2,207,473.51 2,207,474 --

Index

Options Position
  • TypeNasdaq-100 Index Call
  • Expiration Date4/12/2024
  • Strike Price18,560
  • Moneyness101.38%
  • Target Notional Value100% Net Assets
  • FIGIBBG01M49QPJ2
Index Characteristics
  • Total Number of Companies101
  • Price/Earnings Ratio33.92
  • Price/Book Ratio7.4
  • Dividend Yield ( % )--
  • Avg. Index Market Capitalization$233.20 billion
About the Index

The Nasdaq-100 Daily Covered Call index consists of a long position in the Nasdaq-100 Total Return Index and a short position in an out-of-the-money Nasdaq-100 Index call option having, typically, one day to expiration. The option is, typically, sold daily and the strike of the option is chosen as a function of the level of the Nasdaq-100 Index and the level of implied volatility. The index aims to reflect higher income generation and have lower timing risk by using daily options as opposed to monthly options.

Distributions

No distributions have been made for this fund.

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 Fund seeks to replicate a daily covered call strategy by investing in equity securities and derivatives. The Fund does not sell (write) call options.

Investing involves risk, including the possible loss of principal. This ProShares ETF is non-diversified and entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks.

There is no guarantee any ProShares ETF will achieve its investment objective.­ The performance of the Fund may not correspond to the performance of the Nasdaq-100 Index and the Fund may not be successful in generating income for investors.

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.

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 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.

The Nasdaq-100® Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Nasdaq-100 Index with a short Call Option on the Nasdaq-100 Index® (NDX) call options. In particular, the index is designed to replicate a daily covered call strategy that sells call options with one day to expiration each day. The Fund intends to make distributions each month of an amount that reflects the dividends and call premium income earned by a daily Nasdaq-100 covered call strategy (net of expenses). There can be no guarantee that the Fund will make such distributions and the amount of such distributions, if any, may vary significantly from month to month. A significant portion of such distributions may be characterized as a return of capital.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. 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. Your brokerage commissions will reduce returns.

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.

Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®, NDX®, Nasdaq-100 Daily Covered Call™ Index, NDXDCC™, Nasdaq-100 Daily Covered Call Option™ Index, NDXDCCOV™, Nasdaq-100 Daily Covered Call Income™ Index, NDXDCCI™, are registered trademarks of Nasdaq, Inc. (which with its affiliates and third party licensors is referred to as the “Corporations”) and are licensed for use by ProShare Advisors LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

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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