ProShares Ultra Semiconductors
ProShares Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
ProShares Ultra Semiconductors is a U.S. alternative index ETF that tracks the Dow Jones U.S. Semiconductors Index. 69% of USD’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 99% of the fund’s equity).
- Asset class
- Alternative
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Features
- Leveraged · Non-diversified
Fund profile
As filed in the prospectus · 2025 Q2
ProShares Ultra Semiconductors (the Fund) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Semiconductors SM Index (the Index).
The fund seeks daily investment results that correspond to two times the daily performance of the Dow Jones U.S. Semiconductors Index, which measures U.S. semiconductor companies weighted by market capitalization. It obtains leveraged exposure through equity securities, swap agreements, and money market instruments, rebalancing daily to maintain the 2x target. Because the fund resets its leverage daily, returns over periods longer than one day will not equal two times the index's return over that period. The fund may invest in a representative sample of index securities rather than all constituents.
| Share class | Expense ratio |
|---|---|
| USD | 0.95% |
Portfolio turnover 104.00% · as of 2025 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Derivatives | 36.97% |
| Other | 27.95% |
| Stocks | 26.78% |
| Cash & short-term | 8.36% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 66.0% |
| Information Technology | 26.7% |
| Cash | 7.2% |
| International | 0.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Largest new: United States of America, U.S. Treasury Bills ×3, CBRS, INVESCO GOVT AND AGCY LEX
Exited: United States of America
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | N/A | 36.97% | — | $1.13B | — |
| — | ProShares GENIUS Money Market ETF | 27.95% | — | $851.02M | — |
| NVDA | NVIDIA Corp.NVDA | 11.19% | $211.14 | $340.78M | 1.6M |
| AVGO | Broadcom, Inc.AVGO | 4.62% | $446.77 | $140.74M | 315.0K |
| — | United States of America | 4.08% | — | $124.26M | — |
| MU | Micron Technology, Inc.MU | 2.38% | $971.00 | $72.59M | 74.8K |
| AMD | Advanced Micro Devices, Inc.AMD | 1.83% | $516.10 | $55.89M | 108.3K |
| — | U.S. Treasury Bills | 1.64% | — | $50.00M | — |
| INTC | Intel Corp.INTC | 1.17% | $114.68 | $35.76M | 311.9K |
| — | Repurchase Agreement | 1.16% | — | $35.16M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 93.00% of net assets, top 25 99.48%, across 42 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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