LTL

ProShares Ultra Telecommunications
*Unless otherwise stated, data provided by FactSet.

LTL Fund Description

LTL provides 2x exposure to a market-cap-weighted index of fixed-line and mobile telephone companies.

LTL Factset Analytics Insight

As a levered product, LTL is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers 2x exposure only for 1 day. Over longer periods, returns can vary significantly from 2x exposure to its underlying index—which is a small, highly concentrated basket of telecom companies. LTL’s high fee is more or less standard among geared ETFs, but as a short-term product, is less important than its liquidity. Unfortunately, spreads are wide, and most days go by without a single LTL trade. Investors can set limit orders near NAV, but with zero volume on most days, expect them to go unfilled. Unfortunately, there aren’t any other ETPs offering positive leveraged exposure focused exclusively on telecommunications.

LTL MSCI ESG Analytics Insight

ProShares Ultra Telecommunications has an MSCI ESG Fund Rating of BBB based on a score of 4.87 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Ultra Telecommunications ranks in the 39th percentile within its peer group and in the 46th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

LTL Charts And Performance

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PERFORMANCE [as of 09/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LTL 11.10% -0.09% 24.88% -5.36% -5.98% -2.10% 10.48%
LTL (NAV) 10.32% -2.43% 23.20% -6.06% -6.23% -2.49% 10.13%
Dow Jones U.S. Select Telecommunications Index 5.33% -0.39% 13.65% 0.64% -0.15% 1.60% 10.13%
Thomson Reuters Global Phones & Handheld Devices Total Return Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LTL Summary Data

ProShares
03/27/08
Open-Ended Fund
0.95%
$1.01M
0.44%

LTL Portfolio Data

1.78%
09/25/19

LTL Index Data

Market Cap
Market Cap
Thomson Reuters Global Phones & Handheld Devices Total Return Index

LTL Fund Structure

Yes
No
No Policy
N/A
N/A
High
2
Daily

LTL Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

LTL Factset Analytics Block Liquidity

As of 09/19/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of LTL. LTL is rated a N/A out of 5.

LTL Tradability

131
$9.22K
50
$1.76K
0.44%
$0.17
-0.07%
7.22% / -9.92%
None
0.00%
25,000
0.00
0.02%
--
0
$40.30
N/A

LTL MSCI ESG Ratings

BBB
4.87 / 10
45.56
38.68
1.63%
2.62%
34.57