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.

Meta Platforms, Inc.

Alphabet Inc.

AT&T Inc.

Verizon Communications Inc.

The Walt Disney Company

Comcast Corporation

Netflix, Inc.

Take-Two Interactive Software, Inc.

T-Mobile US, Inc.

Communication Services

Cash & Others

Technology

ProShares Ultra Communication Services

LTL Holdings & Sector Breakdown