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.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

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 3.44% 1.13% 12.36% 1.13% 4.50% 5.19% 4.22% 4.61% 4.75% 03/25/2014
TOLZ NAV 3.23% 0.75% 12.13% 0.75% 4.12% 5.16% 4.18% 4.60% 4.73% 03/25/2014
Dow Jones Brookfield Global Infrastructure Composite Index 3.22% 0.64% 11.90% 0.64% 3.70% 4.81% 3.84% 4.25% 4.39% --

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
  • Expense Ratio 0.46%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 3/31/2024
  • Distribution Yield 1.87%

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

  • SEC 30-Day Yield 3.87%

    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 4/23/2024
  • NAV $44.85
  • NAV Change $+0.34 up caret
  • Market Price $44.95
  • Market Price Change $+0.33 up caret
  • Trading Volume (M) 8,063
  • 30-Day Median Bid Ask Spread 0.00%
  • 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 3/31/2024
  • Distribution Yield 1.87%

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

  • SEC 30-Day Yield 3.87%

    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 4/23/2024
  • NAV $44.85
  • NAV Change $+0.34 up caret
  • Market Price $44.95
  • Market Price Change $+0.33 up caret
  • Trading Volume (M) 8,063
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

* This ETF has acquired fund fees and expenses of 0.01%. These fees are incurred indirectly through the fund's ownership of shares in other investment companies, such as business development companies. They are not direct costs paid by shareholders or used to calculate net asset value. The fund's net expense ratio excluding acquired fund fees is 0.45%.

Read the prospectus for more information.

Exposures

Fund as of 4/23/2024

Holdings

as of 4/23/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
6.70% ENB ENBRIDGE INC -- $8,841,402.69 249,508 2466149
5.38% DG VINCI SA -- $7,095,532.75 59,460 B1XH026
5.13% AMT AMERICAN TOWER CORP -- $6,770,376.60 38,870 B7FBFL2
4.38% NG/ NATIONAL GRID PLC -- $5,773,394.65 437,737 BDR05C0
3.33% TRP TC ENERGY CORP -- $4,386,737.50 121,783 BJMY6G0
2.98% WMB WILLIAMS COS INC -- $3,933,843.20 101,440 2967181
2.96% OKE ONEOK INC -- $3,902,920.90 48,574 2130109
2.94% ET ENERGY TRANSFER LP -- $3,879,138.90 243,971 B0WHXD2
2.85% SRE SEMPRA -- $3,753,155.04 52,477 2138158
2.66% EPD ENTERPRISE PRODUCTS PARTNERS -- $3,508,112.86 121,346 2285388
2.62% CCI CROWN CASTLE INC -- $3,452,195.20 36,160 BTGQCX1
2.39% LNG CHENIERE ENERGY INC -- $3,157,501.90 19,871 2654364
2.36% EXC EXELON CORP -- $3,117,893.16 83,011 2670519
2.30% TCL TRANSURBAN GROUP -- $3,030,856.87 362,523 6200882
2.29% KMI KINDER MORGAN INC -- $3,025,087.52 161,252 B3NQ4P8
2.29% PCG P G & E CORP -- $3,017,336.64 177,909 2689560
2.03% ED CONSOLIDATED EDISON INC -- $2,672,213.72 28,783 2216850
1.78% CLNX CELLNEX TELECOM SA -- $2,345,673.78 68,835 BX90C05
1.74% PPL PEMBINA PIPELINE CORP -- $2,289,651.58 64,495 B4PT2P8
1.72% EIX EDISON INTERNATIONAL -- $2,266,491.50 31,990 2829515
1.71% FTS FORTIS INC -- $2,249,810.27 57,590 2347200
1.64% FER FERROVIAL SE -- $2,164,198.98 59,127 BRS7CF0
1.64% TRGP TARGA RESOURCES CORP -- $2,157,089.94 18,594 B55PZY3
1.48% AWK AMERICAN WATER WORKS CO INC -- $1,946,209.32 16,236 B2R3PV1
1.36% SBAC SBA COMMUNICATIONS CORP -- $1,787,277.90 9,013 BZ6TS23
1.33% ES EVERSOURCE ENERGY -- $1,758,478.30 29,138 BVVN4Q8
1.23% AENA AENA SME SA -- $1,623,734.07 8,630 BVRZ8L1
1.15% CNP CENTERPOINT ENERGY INC -- $1,512,375.93 52,641 2440637
1.13% ATO ATMOS ENERGY CORP -- $1,484,289.38 12,614 2315359
1.02% TRN TERNA-RETE ELETTRICA NAZIONA -- $1,343,370.52 165,157 B01BN57
0.94% 9531 TOKYO GAS CO LTD -- $1,243,568.25 47,481 6895448
0.92% MPLX MPLX LP -- $1,212,128.56 29,222 B847R56
0.85% SRG SNAM SPA -- $1,127,316.45 240,649 7251470
0.79% UU/ UNITED UTILITIES GROUP PLC -- $1,040,424.08 80,171 B39J2M4
0.79% H HYDRO ONE LTD -- $1,036,487.33 37,391 BYYXJY9
0.75% SVT SEVERN TRENT PLC -- $995,010.17 32,295 B1FH8J7
0.73% NI NISOURCE INC -- $961,406.46 34,422 2645409
0.72% 3 HONG KONG & CHINA GAS -- $944,107.91 1,270,985 6436557
0.63% APA APA GROUP -- $832,861.94 150,715 6247306
0.62% PAC GRUPO AEROPORTUARIO PAC-ADR -- $818,952.94 4,589 B0YFC60
0.62% RED REDEIA CORP SA -- $816,554.25 47,655 BD6FXN3
0.58% WTRG ESSENTIAL UTILITIES INC -- $762,185.20 21,020 BLCF3J9
0.56% BIP BROOKFIELD INFRASTRUCTURE PA -- $739,265.10 26,535 B2NHY98
0.55% ASR GRUPO AEROPORTUARIO SUR-ADR -- $730,900.80 2,160 2639361
0.55% 2688 ENN ENERGY HOLDINGS LTD -- $728,084.63 88,995 6333937
0.54% AIA AUCKLAND INTL AIRPORT LTD -- $712,530.18 154,206 BKX3XG2
0.54% KEY KEYERA CORP -- $706,009.87 26,987 B3SGMV5
0.52% PAA PLAINS ALL AMER PIPELINE LP -- $685,647.30 37,986 2311960
0.49% SBS CIA SANEAMENTO BASICO DE-ADR -- $647,472.24 40,116 2945927
0.49% GET GETLINK SE -- $642,876.74 38,272 B292JQ9
0.48% 788 CHINA TOWER CORP LTD-H -- $629,485.39 5,480,055 BFZ2PK0
0.45% ADP ADP -- $592,531.50 4,676 B164FY1
0.42% WES WESTERN MIDSTREAM PARTNERS L -- $560,201.60 15,736 BJ552C8
0.42% NTGY NATURGY ENERGY GROUP SA -- $549,131.70 21,631 5650422
0.39% DTM DT MIDSTREAM INC -- $508,487.88 8,061 BN7L880
0.36% FHZN FLUGHAFEN ZURICH AG-REG -- $470,449.90 2,219 BYQ8481
0.35% ALX ATLAS ARTERIA -- $465,557.36 134,166 BZ03TZ1
0.34% INW INFRASTRUTTURE WIRELESS ITAL -- $450,112.73 41,723 BZ0P4R4
0.33% BIPC BROOKFIELD INFRASTRUCTURE-A -- $441,444.96 13,935 BJP50C4
0.33% 135 KUNLUN ENERGY CO LTD -- $439,984.78 467,748 6340078
0.31% ENG ENAGAS SA -- $415,169.50 27,948 7383072
0.30% 9706 JAPAN AIRPORT TERMINAL CO -- $397,644.40 11,055 6472175
0.30% ELI ELIA GROUP SA/NV -- $393,502.67 3,962 B09M9F4
0.30% AM ANTERO MIDSTREAM CORP -- $391,142.46 28,059 BJBT0Q4
0.28% HICL HICL INFRASTRUCTURE PLC -- $374,989.28 240,986 BJLP1Y7
0.28% SWX SOUTHWEST GAS HOLDINGS INC -- $371,557.20 4,984 2831888
0.27% NJR NEW JERSEY RESOURCES CORP -- $351,603.36 8,094 2630513
0.25% OMAB GRUPO AEROPORTUARIO CEN-ADR -- $332,723.88 4,076 B1JB4F3
0.24% IG ITALGAS SPA -- $321,266.81 57,838 BD2Z8S7
0.24% 1193 CHINA RESOURCES GAS GROUP LT -- $320,548.39 105,971 6535517
0.24% VPK VOPAK -- $319,036.77 7,771 5809428
0.24% 3IN 3I INFRASTRUCTURE PLC -- $317,477.98 77,754 BF5FX16
0.24% GEI GIBSON ENERGY INC -- $317,361.61 19,041 B44WH97
0.23% 384 CHINA GAS HOLDINGS LTD -- $307,971.23 344,710 6460794
0.23% PAGP PLAINS GP HOLDINGS LP-CL A -- $307,531.16 16,306 BDGHN95
0.22% OGS ONE GAS INC -- $296,294.43 4,593 BJ0KXV4
0.21% SR SPIRE INC -- $281,137.32 4,596 BYXJQG9
0.21% 9533 TOHO GAS CO LTD -- $279,574.27 11,442 6895222
0.21% PNN PENNON GROUP PLC -- $278,792.18 33,703 BNNTLN4
0.20% ENLC ENLINK MIDSTREAM LLC -- $269,314.68 19,788 BJTNDQ9
0.19% NWE NORTHWESTERN ENERGY GROUP IN -- $254,772.50 5,050 B03PGL4
0.18% SESG SES -- $238,071.85 39,336 B00ZQQ2
0.18% HESM HESS MIDSTREAM LP - CLASS A -- $235,121.15 6,655 BKPK695
0.17% CWT CALIFORNIA WATER SERVICE GRP -- $222,042.69 4,803 2165383
0.16% AWR AMERICAN STATES WATER CO -- $216,786.02 3,089 2267171
0.16% FRA FRAPORT AG FRANKFURT AIRPORT -- $213,666.72 4,286 7107551
0.16% NS NUSTAR ENERGY LP -- $213,474.00 9,400 2738804
0.15% CPK CHESAPEAKE UTILITIES CORP -- $196,229.19 1,857 2190750
0.15% 144 CHINA MERCHANTS PORT HOLDING -- $193,492.38 151,754 6416139
0.13% 392 BEIJING ENTERPRISES HLDGS -- $174,300.76 56,784 6081690
0.12% CQP CHENIERE ENERGY PARTNERS LP -- $153,456.03 3,199 B1VNH36
0.12% NFE NEW FORTRESS ENERGY INC -- $152,616.59 5,437 BH3Z4P3
0.11% 177 JIANGSU EXPRESS CO LTD-H -- $145,164.46 144,888 6005504
0.10% SJW SJW GROUP -- $133,458.84 2,423 2811932
0.10% 371 BEIJING ENTERPRISES WATER GR -- $129,022.88 532,053 B01YCG0
0.10% ETL EUTELSAT COMMUNICATIONS -- $127,137.67 31,678 B0M7KJ7
0.09% NWN NORTHWEST NATURAL HOLDING CO -- $119,757.06 3,126 BFNR303
0.09% GEL GENESIS ENERGY L.P. -- $113,805.95 9,245 2372257
0.08% 1199 COSCO SHIPPING PORTS LTD -- $104,977.64 179,195 6354251
0.06% ACE ACEA SPA -- $82,075.35 4,799 5728125
0.06% WTE WESTSHORE TERMINALS INVESTME -- $75,573.55 4,033 B8KB138
0.05% UTL UNITIL CORP -- $67,193.00 1,324 2925037
0.05% 548 SHENZHEN EXPRESSWAY CORP-H -- $66,844.54 73,249 6848743
0.05% 694 BEIJING CAPITAL INTL AIRPO-H -- $61,480.23 204,979 6208422
0.04% 1052 YUEXIU TRANSPORT INFRASTRUCT -- $51,651.31 107,061 6398787
0.04% 1083 TOWNGAS SMART ENERGY CO LTD -- $49,210.08 127,670 6345460
0.02% CWCO CONSOLIDATED WATER CO-ORD SH -- $31,037.31 1,251 2099095
-- -- NET OTHER ASSETS (LIABILITIES) -- $662,208.40 662,208 --

Index

as of 3/28/2024

  • Total Number of Companies107
  • Price/Earnings Ratio15.463
  • Price/Book Ratio2.109
  • Dividend Yield ( % )4.45
  • Avg. Index Market Capitalization$15.47 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: 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.
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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 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. 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 are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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