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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 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.

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

Performance

30 Day Daily Return

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 10/31/2024
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
USD Market Price 3.25% 1.43% 41.21% 127.51% 266.28% 45.07% 58.17% 43.95% 24.49% 01/30/2007
USD NAV 3.46% 1.49% 41.64% 127.85% 267.27% 45.04% 58.25% 44.01% 24.51% 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
    0.95%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 11/22/2024
  • NAV
    $65.31
  • NAV Change
    $-2.51 down caret
  • Market Price
    $65.30
  • Market Price Change
    $-2.54 down caret
  • Trading Volume (M)
    604,640
  • 30-Day Median Bid Ask Spread
    0.05%
  • View Premium / Discount
Snapshot
  • Ticker
    USD
  • Intraday Ticker
    USD.IV
  • CUSIP
    74347R669
  • Inception Date
    1/30/07
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 11/22/2024
  • NAV
    $65.31
  • NAV Change
    $-2.51 down caret
  • Market Price
    $65.30
  • Market Price Change
    $-2.54 down caret
  • Trading Volume (M)
    604,640
  • 30-Day Median Bid Ask Spread
    0.05%
  • View Premium / Discount

Expenses with Contractual Waiver through September 30, 2025. Without the fee waiver performance would likely be lower.

Exposures

Index as of 9/30/2024

Holdings

as of 11/22/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
39.38% -- DJ U.S. SEMICONDUCTORS INDEX SWAP JPMORGAN CHASE BANK NA 479,618,207 -- 24,496 --
31.06% NVDA NVIDIA CORP -- $378,342,316.00 2,665,321 2379504
25.82% -- DJ U.S. SEMICONDUCTORS INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC 314,485,126 -- 16,062 --
22.81% -- DJ U.S. SEMICONDUCTORS INDEX SWAP BARCLAYS CAPITAL 277,891,134 -- 14,193 --
21.76% -- DJUSSC SWAP GOLDMAN SACHS INTERNATIONAL 265,086,174 -- 13,539 --
18.21% -- DJ U.S. SEMICONDUCTORS INDEX SWAP BNP PARIBAS 221,756,851 -- 11,326 --
10.94% -- DJ U.S. SEMICONDUCTORS INDEX SWAP BANK OF AMERICA NA 133,198,998 -- 6,803 --
6.80% AVGO BROADCOM INC -- $82,819,382.47 504,289 BDZ78H9
4.68% -- DJ U.S. SEMICONDUCTORS INDEX SWAP SOCIETE GENERALE 56,976,200 -- 2,910 --
4.45% -- DJ U.S. SEMICONDUCTORS INDEX SWAP UBS AG 54,176,338 -- 2,767 --
1.99% AMD ADVANCED MICRO DEVICES -- $24,258,150.65 175,339 2007849
1.61% TXN TEXAS INSTRUMENTS INC -- $19,585,170.00 98,915 2885409
1.55% QCOM QUALCOMM INC -- $18,922,357.94 120,686 2714923
1.29% AMAT APPLIED MATERIALS INC -- $15,686,561.12 89,699 2046552
1.01% MU MICRON TECHNOLOGY INC -- $12,329,835.28 120,127 2588184
0.95% ADI ANALOG DEVICES INC -- $11,535,929.22 53,758 2032067
0.93% INTC INTEL CORP -- $11,325,541.50 462,267 2463247
0.84% LRCX LAM RESEARCH CORP -- $10,259,964.16 141,244 BSML4N7
0.76% KLAC KLA CORP -- $9,313,766.65 14,563 2480138
0.71% MRVL MARVELL TECHNOLOGY INC -- $8,677,900.55 93,805 BNKJSM5
0.51% NXPI NXP SEMICONDUCTORS NV -- $6,247,408.86 27,597 B505PN7
0.32% MCHP MICROCHIP TECHNOLOGY INC -- $3,876,156.18 58,122 2592174
0.27% ON ON SEMICONDUCTOR -- $3,230,785.72 46,406 2583576
0.25% MPWR MONOLITHIC POWER SYSTEMS INC -- $3,067,838.42 5,282 B01Z7J1
0.16% TER TERADYNE INC -- $1,912,936.38 17,678 2884183
0.14% ENTG ENTEGRIS INC -- $1,754,017.44 16,356 2599700
0.12% SWKS SKYWORKS SOLUTIONS INC -- $1,477,849.23 17,303 2961053
0.08% ENPH ENPHASE ENERGY INC -- $972,540.59 14,671 B65SQW4
0.07% ONTO ONTO INNOVATION INC -- $889,651.50 5,350 BKZ7N95
0.07% MKSI MKS INSTRUMENTS INC -- $837,766.80 7,290 2404871
0.07% LSCC LATTICE SEMICONDUCTOR CORP -- $809,138.46 14,926 2506658
0.07% OLED UNIVERSAL DISPLAY CORP -- $804,999.80 4,780 2277880
0.06% QRVO QORVO INC -- $711,682.25 10,277 BR9YYP4
0.05% RMBS RAMBUS INC -- $652,829.36 11,666 2721967
0.05% CRUS CIRRUS LOGIC INC -- $606,488.52 5,786 2197308
0.03% POWI POWER INTEGRATIONS INC -- $392,077.76 6,157 2133045
0.03% GFS GLOBALFOUNDRIES INC -- $383,787.60 8,967 BMW7F63
0.03% SLAB SILICON LABORATORIES INC -- $371,732.46 3,498 2568131
0.03% ALGM ALLEGRO MICROSYSTEMS INC -- $358,839.09 16,839 BN4LSB6
0.03% AMKR AMKOR TECHNOLOGY INC -- $325,884.66 12,279 2242929
0.02% ACLS AXCELIS TECHNOLOGIES INC -- $265,297.38 3,534 BD420Q8
-- -- TREASURY BILL -- $24,846,007.00 25,000,000 BQXJKN8
-- -- TREASURY BILL -- $97,174,716.54 97,187,000 BNM9J42
-- -- TREASURY BILL -- $74,410,500.00 75,000,000 BQPDR26
-- -- NET OTHER ASSETS (LIABILITIES) -- $388,632,928.46 388,632,928 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/30/2024

  • Total Number of Companies33
  • Price/Earnings Ratio44.386
  • Price/Book Ratio9.454
  • Dividend Yield ( % )0.59
  • Avg. Index Market Capitalization$168.34 billion
About the Index

The Dow Jones U.S. Semiconductors Index is designed to measure the performance of U.S. companies in the semiconductors subsector. The semiconductor subsector includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards.

Distributions

For

2024
  • 2024
  • 2023
  • 2022
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
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 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.

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 are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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