# ProShares UltraPro QQQ (TQQQ): ETF Facts & Distributions

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- Issuer: ProShares · Asset class: Equity
- Strategy: Passive Index · Inception: 2010-02-09

TQQQ is a levered fund that delivers 3x exposure only over a one-day holding period of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization. Historically, technology companies have dominated TQQQs underlying index, so, its future performance might be closely tied to the performance of the tech industry. The fund uses a mathematical approach to determine the type, quantity and mix of investment positions that it believes will produce daily returns consistent with its investment objective. Like many levered...

## Key Facts

| Metric | Value |
|---|---|
| Price | $66.29 |
| Expense Ratio | 0.94% |
| Assets Under Management | $34.24B |
| NAV | $66.27 |
| Holdings Count | 123 |
| Distribution Yield (TTM) | 0.73% |
| Annual Distribution (TTM) | $0.48 /share |
| Distribution Frequency | Quarterly |
| 52-Week Range | $37.32 – $88.09 |
| Beta | 3.71 |

## Latest Distribution

- Amount: $0.1560 /share
- Ex-date: 2026-09-23
- Pay date: 2026-09-29

## Frequently Asked Questions

### What does TQQQ invest in?

TQQQ is a levered fund that delivers 3x exposure only over a one-day holding period of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization. Historically, technology companies have dominated TQQQs underlying index, so, its future performance might be closely tied to the performance of the tech industry. The fund uses a mathematical approach to determine the type, quantity and mix of investment positions that it believes will produce daily returns consistent with its investment objective. Like many levered products, the fund is not a buy-and-hold ETF as it's a very short-term tactical instrument.

### What is the expense ratio of TQQQ?

ProShares UltraPro QQQ (TQQQ) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is TQQQ?

ProShares UltraPro QQQ (TQQQ) manages $34.24B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is TQQQ actively managed or an index fund?

TQQQ is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (TQQQ's is 0.94%) because there's no security selection cost.

### When was TQQQ launched?

ProShares UltraPro QQQ (TQQQ) launched in February 2010 and is managed by ProShares.

### How has TQQQ performed?

TQQQ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does TQQQ pay a dividend?

ProShares UltraPro QQQ (TQQQ) currently distributes little or no income. Trailing-twelve-month yield is 0.73%. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does TQQQ pay dividends?

ProShares UltraPro QQQ pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is TQQQ's dividend yield?

TQQQ's trailing-twelve-month yield is 0.73%, calculated from the sum of dividends over the past year divided by the current price.

### When is TQQQ's next ex-dividend date?

The most recently announced ex-dividend date for TQQQ was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page.

### How much will TQQQ's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.94% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does TQQQ charge its expense ratio?

The expense ratio is deducted in tiny daily slices from TQQQ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does TQQQ cost more than a fund like VOO?

TQQQ is a passive index fund (current expense ratio 0.94%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM).

### Are there cheaper alternatives to TQQQ?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TQQQ (0.94%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/tqqq
- Distribution history: https://www.dividenddata.com/funds/tqqq/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/tqqq/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/tqqq/expenses
- Peer comparison: https://www.dividenddata.com/funds/tqqq/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.