LTL
ProShares Ultra Communication Services
$21.45
-0.78
(-3.51%)
AUM
$4.08M
Expense Ratio
1.83%
NAV
$21.45
Holdings
28
Asset Class
Equity
Inception
03/25/2008
Provider
ProShares
Top Holdings
1
META
META PLATFORMS INC-CLASS A
10.27%
2
GOOGL
ALPHABET INC-CL A
5.68%
3
GOOG
ALPHABET INC-CL C
4.55%
4
WBD
WARNER BROS DISCOVERY INC
3.12%
5
EA
ELECTRONIC ARTS INC
2.70%
6
DIS
WALT DISNEY CO/THE
2.51%
7
TTWO
TAKE-TWO INTERACTIVE SOFTWRE
2.28%
8
CMCSA
COMCAST CORP-CLASS A
2.15%
9
VZ
VERIZON COMMUNICATIONS INC
2.10%
10
T
AT&T INC
2.09%
Fund Description
LTL provides 2x leveraged exposure to the Dow Jones US Select Telecommunications Index, a market-cap-weighted index of US telecom companies. Specifically, it holds a concentrated portfolio of firms involved in fixed line (regional and long-distance) and mobile telephone services (cellular, satellite, and paging). As a geared product with 2x factor that rebalances daily, LTL is not a buy-and-hold ETF, its a short-term tactical instrument. As a result, long-term returns can vary significantly from those of the underlying index due to daily compounding. Prior to March 20, 2023, the fund was called ProShares Ultra Telecommunications that tracked the Dow Jones U.S. Select Telecommunications Index.