TOLZ

DJ Brookfield Global Infrastructure ETF

Why Invest in TOLZ?

  • Offers access to an asset class with growing global demand, increasing opportunities for private investment, and high barriers to entry that limit competition.

  • Provides "pure-play" exposure by investing exclusively in companies whose primary business is owning and operating infrastructure.

  • Excludes companies that supply services such as construction and engineering to the infrastructure industry.

Why Invest in TOLZ?

  • Offers access to an asset class with growing global demand, increasing opportunities for private investment, and high barriers to entry that limit competition.

  • Provides "pure-play" exposure by investing exclusively in companies whose primary business is owning and operating infrastructure.

  • Excludes companies that supply services such as construction and engineering to the infrastructure industry.

Performance

Growth of $10,000

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 + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
TOLZ Market Price -3.57% 9.97% -1.85% -4.24% -4.24% 1.46% 4.06% -- 4.60% 03/25/2014
TOLZ NAV -3.58% 9.67% -1.64% -4.50% -4.50% 1.51% 4.05% -- 4.59% 03/25/2014
Dow Jones Brookfield Global Infrastructure Composite Index -3.33% 9.38% -1.80% -4.91% -4.91% 1.14% 3.66% -- 4.23% --

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 TOLZ
  • Intraday Ticker TOLZ.IV
  • CUSIP 74347B508
  • Inception Date 3/25/14
  • Unitary Expense Ratio 0.46%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 12/31/2022
  • Number of Companies 114
  • Price/Earnings Ratio 17.31
  • Price/Book Ratio 2.04

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield 2.98%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap $14.26 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • SEC 30-Day Yield 3.00%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 1/30/2023
  • NAV $46.61
  • NAV Change $-0.43 down caret
  • Market Price $46.52
  • Market Price Change $-0.48 down caret
  • Trading Volume (M) 54,829
  • 30-Day Median Bid Ask Spread 0.26%
  • View Premium / Discount
Snapshot
  • Ticker TOLZ
  • Intraday Ticker TOLZ.IV
  • CUSIP 74347B508
  • Inception Date 3/25/14
  • Unitary Expense Ratio 0.46%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 12/31/2022
  • Number of Companies 114
  • Price/Earnings Ratio 17.31
  • Price/Book Ratio 2.04

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield 2.98%

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap $14.26 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • SEC 30-Day Yield 3.00%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 1/30/2023
  • NAV $46.61
  • NAV Change $-0.43 down caret
  • Market Price $46.52
  • Market Price Change $-0.48 down caret
  • Trading Volume (M) 54,829
  • 30-Day Median Bid Ask Spread 0.26%
  • View Premium / Discount

Exposures

Index as of 12/30/2022 and Fund as of 1/30/2023

Holdings

as of 1/30/2023

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
7.02% ENB ENBRIDGE INC -- $12,104,017.92 298,597 2466149
6.06% AMT AMERICAN TOWER CORP -- $10,458,811.78 47,963 B7FBFL2
5.19% DG VINCI SA -- $8,947,461.82 79,380 B1XH026
4.23% NG/ NATIONAL GRID PLC -- $7,289,281.64 571,693 BDR05C0
3.74% CCI CROWN CASTLE INC -- $6,457,008.00 44,608 BTGQCX1
3.67% TRP TC ENERGY CORP -- $6,329,743.49 149,221 BJMY6G0
3.03% SRE SEMPRA ENERGY -- $5,221,757.40 32,385 2138158
2.55% TCL TRANSURBAN GROUP -- $4,405,435.25 453,520 6200882
2.48% EXC EXELON CORP -- $4,272,277.50 102,330 2670519
2.26% WMB WILLIAMS COS INC -- $3,892,372.17 125,439 2967181
2.23% EPD ENTERPRISE PRODUCTS PARTNERS -- $3,840,828.69 150,091 2285388
2.21% LNG CHENIERE ENERGY INC -- $3,808,314.39 25,609 2654364
2.13% KMI KINDER MORGAN INC -- $3,674,838.20 203,705 B3NQ4P8
2.10% ET ENERGY TRANSFER LP -- $3,624,835.50 276,705 B0WHXD2
2.01% ED CONSOLIDATED EDISON INC -- $3,471,035.90 36,518 2216850
1.92% CLNX CELLNEX TELECOM SA -- $3,318,178.64 84,160 BX90C05
1.87% SBAC SBA COMMUNICATIONS CORP -- $3,226,153.40 11,117 BZ6TS23
1.80% OKE ONEOK INC -- $3,097,032.96 46,032 2130109
1.69% ES EVERSOURCE ENERGY -- $2,917,358.61 35,853 BVVN4Q8
1.68% AWK AMERICAN WATER WORKS CO INC -- $2,898,035.00 18,697 B2R3PV1
1.67% PPL PEMBINA PIPELINE CORP -- $2,885,235.73 81,838 B4PT2P8
1.67% FTS FORTIS INC -- $2,883,854.75 70,622 2347200
1.55% EIX EDISON INTERNATIONAL -- $2,679,741.78 39,327 2829515
1.52% PCG P G & E CORP -- $2,627,961.70 165,802 2689560
1.27% FER FERROVIAL SA -- $2,183,268.07 73,597 B038516
1.12% CNP CENTERPOINT ENERGY INC -- $1,934,169.12 64,818 2440637
1.01% 2688 ENN ENERGY HOLDINGS LTD -- $1,734,247.25 111,742 6333937
1.00% TRGP TARGA RESOURCES CORP -- $1,720,767.36 23,304 B55PZY3
0.96% ATO ATMOS ENERGY CORP -- $1,663,285.41 14,397 2315359
0.95% TRN TERNA-RETE ELETTRICA NAZIONA -- $1,644,284.36 207,495 B01BN57
0.95% 3 HONG KONG & CHINA GAS -- $1,644,027.40 1,596,153 6436557
0.95% AENA AENA SME SA -- $1,636,267.20 10,853 BVRZ8L1
0.90% SRG SNAM SPA -- $1,544,554.60 302,338 7251470
0.78% UU/ UNITED UTILITIES GROUP PLC -- $1,337,727.84 100,582 B39J2M4
0.76% SVT SEVERN TRENT PLC -- $1,312,214.02 37,350 B1FH8J7
0.76% APA APA GROUP -- $1,309,695.22 174,036 6247306
0.75% MPLX MPLX LP -- $1,290,001.36 37,208 B847R56
0.74% H HYDRO ONE LTD -- $1,274,847.27 46,812 BYYXJY9
0.67% 9531 TOKYO GAS CO LTD -- $1,158,416.65 59,642 6895448
0.67% BIP BROOKFIELD INFRASTRUCTURE PA -- $1,156,445.64 33,117 B2NHY98
0.67% NI NISOURCE INC -- $1,151,893.05 41,811 2645409
0.66% WTRG ESSENTIAL UTILITIES INC -- $1,133,783.40 24,594 BLCF3J9
0.65% MMP MAGELLAN MIDSTREAM PARTNERS -- $1,128,585.51 21,099 2723037
0.65% RED RED ELECTRICA CORPORACION SA -- $1,123,332.11 63,851 BD6FXN3
0.58% GET GETLINK SE -- $1,002,780.71 59,608 B292JQ9
0.56% AIA AUCKLAND INTL AIRPORT LTD -- $973,859.24 178,143 BKX3XG2
0.54% PAC GRUPO AEROPORTUARIO PAC-ADR -- $932,250.29 5,363 B0YFC60
0.50% ALX ATLAS ARTERIA -- $864,050.68 179,729 BZ03TZ1
0.47% 788 CHINA TOWER CORP LTD-H -- $808,104.05 6,882,060 BFZ2PK0
0.45% ASR GRUPO AEROPORTUARIO SUR-ADR -- $771,667.05 2,823 2639361
0.44% NTGY NATURGY ENERGY GROUP SA -- $764,310.69 27,186 5650422
0.44% ELI ELIA GROUP SA/NV -- $756,908.90 5,327 B09M9F4
0.43% KEY KEYERA CORP -- $744,214.58 32,818 B3SGMV5
0.42% 9706 JAPAN AIRPORT TERMINAL CO -- $725,339.36 13,835 6472175
0.40% 384 CHINA GAS HOLDINGS LTD -- $691,690.79 441,319 6460794
0.39% ENG ENAGAS SA -- $664,715.54 36,996 7383072
0.37% ADP ADP -- $639,389.90 4,088 B164FY1
0.36% BIPC BROOKFIELD INFRASTRUCTURE-A -- $618,502.40 14,321 BJP50C4
0.36% HICL HICL INFRASTRUCTURE PLC -- $617,903.30 299,621 BJLP1Y7
0.33% PAA PLAINS ALL AMER PIPELINE LP -- $575,153.86 46,346 2311960
0.33% INW INFRASTRUTTURE WIRELESS ITAL -- $575,057.28 52,415 BZ0P4R4
0.33% 1193 CHINA RESOURCES GAS GROUP LT -- $563,148.05 133,100 6535517
0.32% WES WESTERN MIDSTREAM PARTNERS L -- $551,641.20 19,987 BJ552C8
0.31% DTM DT MIDSTREAM INC -- $534,332.50 10,025 BN7L880
0.31% SBS CIA SANEAMENTO BASICO DE-ADR -- $530,218.52 50,401 2945927
0.29% FHZN FLUGHAFEN ZURICH AG-REG -- $503,674.47 2,804 BYQ8481
0.28% VTWR VANTAGE TOWERS AG -- $488,173.13 13,581 BLH32J1
0.28% NJR NEW JERSEY RESOURCES CORP -- $486,692.55 9,963 2630513
0.28% 135 KUNLUN ENERGY CO LTD -- $479,825.19 587,411 6340078
0.26% OGS ONE GAS INC -- $451,221.40 5,615 BJ0KXV4
0.26% SESG SES -- $443,431.99 56,530 B00ZQQ2
0.26% PNN PENNON GROUP PLC -- $440,443.45 38,475 BNNTLN4
0.24% SWX SOUTHWEST GAS HOLDINGS INC -- $421,769.25 6,405 2831888
0.24% IG ITALGAS SPA -- $420,855.71 71,721 BD2Z8S7
0.23% DCP DCP MIDSTREAM LP -- $400,534.64 9,532 B0SF374
0.22% GEI GIBSON ENERGY INC -- $385,114.09 21,609 B44WH97
0.22% SR SPIRE INC -- $384,565.74 5,421 BYXJQG9
0.22% 3IN 3I INFRASTRUCTURE PLC -- $376,799.93 92,044 BF5FX16
0.22% AM ANTERO MIDSTREAM CORP -- $374,031.33 34,729 BJBT0Q4
0.21% OMAB GRUPO AEROPORTUARIO CEN-ADR -- $359,789.85 4,995 B1JB4F3
0.21% AWR AMERICAN STATES WATER CO -- $356,870.34 3,846 2267171
0.20% CWT CALIFORNIA WATER SERVICE GRP -- $338,857.62 5,658 2165383
0.19% NWE NORTHWESTERN CORP -- $331,773.36 5,933 B03PGL4
0.19% ENLC ENLINK MIDSTREAM LLC -- $319,437.50 25,555 BJTNDQ9
0.18% FRA FRAPORT AG FRANKFURT AIRPORT -- $308,303.09 5,530 7107551
0.17% VPK VOPAK -- $293,977.30 9,767 5809428
0.16% 144 CHINA MERCHANTS PORT HOLDING -- $283,934.74 200,417 6416139
0.16% 9533 TOHO GAS CO LTD -- $278,737.49 14,837 6895222
0.15% PAGP PLAINS GP HOLDINGS LP-CL A -- $262,047.42 20,142 BDGHN95
0.14% 392 BEIJING ENTERPRISES HLDGS -- $248,993.69 71,723 6081690
0.13% CPK CHESAPEAKE UTILITIES CORP -- $224,374.84 1,823 2190750
0.12% CQP CHENIERE ENERGY PARTNERS LP -- $215,387.64 4,002 B1VNH36
0.12% CEQP CRESTWOOD EQUITY PARTNERS LP -- $212,132.12 7,948 BY7R056
0.12% SJW SJW GROUP -- $211,748.60 2,788 2811932
0.11% 1199 COSCO SHIPPING PORTS LTD -- $195,460.94 253,130 6354251
0.11% 694 BEIJING CAPITAL INTL AIRPO-H -- $192,049.22 250,367 6208422
0.11% ETL EUTELSAT COMMUNICATIONS -- $190,272.10 24,865 B0M7KJ7
0.11% NFE NEW FORTRESS ENERGY INC -- $186,101.00 4,996 BH3Z4P3
0.11% 177 JIANGSU EXPRESS CO LTD-H -- $182,112.83 182,930 6005504
0.11% 371 BEIJING ENTERPRISES WATER GR -- $181,780.27 698,161 B01YCG0
0.10% NWN NORTHWEST NATURAL HOLDING CO -- $180,847.56 3,684 BFNR303
0.10% NS NUSTAR ENERGY LP -- $167,046.00 10,124 2738804
0.09% HPHT HUTCHISON PORT HOLDINGS TR-U -- $151,225.20 756,126 B56ZM74
0.08% HESM HESS MIDSTREAM LP - CLASS A -- $139,689.96 4,574 BKPK695
0.08% GEL GENESIS ENERGY L.P. -- $131,997.86 11,849 2372257
0.07% 855 CHINA WATER AFFAIRS GROUP -- $114,533.84 129,491 6671477
0.06% WTE WESTSHORE TERMINALS INVESTME -- $98,615.36 5,559 B8KB138
0.05% HTWS HELIOS TOWERS PLC -- $94,197.90 65,872 BJVQC70
0.05% ACE ACEA SPA -- $92,771.77 6,079 5728125
0.05% HEP HOLLY ENERGY PARTNERS LP -- $89,406.96 4,812 B00N3V0
0.05% UTL UNITIL CORP -- $85,559.80 1,676 2925037
0.05% 548 SHENZHEN EXPRESSWAY CORP-H -- $84,676.36 91,762 6848743
0.05% 1052 YUEXIU TRANSPORT INFRASTRUCT -- $79,347.62 134,274 6398787
0.05% RWAY RAI WAY SPA -- $78,171.00 13,611 BSM8WL2
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,142,284.13 1,142,284 --

Index

as of 12/30/2022

  • Total Number of Companies114
  • Price/Earnings Ratio26.639
  • Price/Book Ratio2.742
  • Dividend Yield ( % )4.16
  • Avg. Index Market Capitalization$14.26 billion
About the Index

The index, constructed and maintained by S&P Dow Jones Indices LLC, consists of companies domiciled globally that qualify as "pure-play" infrastructure companies–companies whose primary business is the ownership and operation of infrastructure assets, activities that generally generate long-term stable cash flows.

Eligible companies must have more than 70% of cash flows derived from the following infrastructure assets (exclusive of cash flow from infrastructure-related businesses, such as energy exploration and generation): airports; toll roads; ports; communications; electricity transmission and distribution; oil and gas storage and transportation; water; or diversified (multiple infrastructure assets). Additionally, companies must meet minimum market capitalization and trading volume requirements. Index weights are based on a modified free-float adjusted market capitalization methodology. The index is reconstituted and rebalanced quarterly in March, June, September and December.

Learn more about the index methodology.

Distributions

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

Infrastructure Research & Insights

Infrastructure: A Refuge in Uncertain Times?

Could pure-play infrastructure provide a refuge from today’s volatility, inflation and slowing growth? Infrastructure owners and operators have investment characteristics that we believe make them well suited to uncertain times like these.
Read More
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.

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 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 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. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

This ETF is subject to risks faced by companies in the infrastructure, energy and utilities industries to the same extent as the Dow Jones Brookfield Global Infrastructure Composite Index is so concentrated. This ETF invests in master limited partnerships (MLPs). Investments in MLPs expose the ETF to certain tax risks associated with investing in partnerships. Changes in U.S. tax laws could revoke the pass-through attributes that provide the tax efficiencies that make MLPs attractive investment structures. MLPs may also have limited financial resources, may be relatively illiquid, and may be subject to more erratic price movements because of the underlying assets they hold. In addition, a portion of the ETF's distributions may be a return of capital, which constitutes the return of a portion of a shareholder's original investment. Under tax rules, returns of capital are generally not currently taxable, but lower a shareholder's tax basis in their shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of shares.

International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Emerging markets are riskier than more developed markets because they may develop unevenly or may never fully develop. Investments in emerging markets are considered speculative.

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 Brookfield Global Infrastructure Composite" Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the Dow Jones Brookfield Global Infrastructure Composite Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, 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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