ProShares Ultra Semiconductors
U.S. alternative index ETF · tracks Dow Jones U.S. Semiconductors Index
As of its 2026 Q2 report, ProShares Ultra Semiconductors held 44 positions with $3.05B in net assets. Its ten largest holdings made up 93.0% of the fund. The USD share class costs 0.95% a year. Over the 12 months to May 2026, USD returned 272.3%, with dividends reinvested. In 2026 Q2 it added 6 new positions and exited 1.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
N/A | 36.97% | $1.13B | — | — |
ProShares GENIUS Money Market ETF | 27.95% | $851.02M | — | — |
NVDANVIDIA Corp. | 11.19% | $340.78M | 1.6M | $211.14 |
AVGOBroadcom, Inc. | 4.62% | $140.74M | 315.0K | $446.77 |
United States of America | 4.08% | $124.26M | — | — |
2.38% | $72.59M | 74.8K | $971.00 | |
1.83% | $55.89M | 108.3K | $516.10 | |
U.S. Treasury Bills | 1.64% | $50.00M | — | — |
INTCIntel Corp. | 1.17% | $35.76M | 311.9K | $114.68 |
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.
All 44 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Derivatives | 36.97% |
| Other | 27.95% |
| Stocks | 26.78% |
| Cash & short-term | 8.36% |
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 66.0%
- Information Technology
- 26.7%
- Cash
- 7.2%
- International
- 0.1%
How it has done
USD share class · total returns with dividends reinvested
Volatility over the last 12 months: 76.20%. Past returns are a record, not a forecast.
Fees & fund details
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
- Expense ratio, by class
- 0.95%· USD 0.95%
- Portfolio turnover
- 104.00% a year · as of 2025 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
6 new· the largest 4
1 exited
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