Large Cap Core Plus - CSM Large Cap Core Plus

ProShares Large Cap Core Plus seeks investment results, before fees and expenses, that track the performance of the Credit Suisse 130/30 Large Cap Index.

  • Follows advanced multi-factor smart beta approach with the potential to provide more consistent outperformance than single-factor strategies.
  • One of the longest track records of any multi-factor smart beta ETF and has earned Morningstar’s 5-Star Overall Rating.
  • CSM’s index has a remarkably consistent history of outperforming the S&P 500 since inception (4/23/08).
  • Learn more about CSM's smart beta approach.
  • Read the Report—Consistent Outperformance: Proven by 100% Positive Rolling Return Periods for CSM's Strategy

Index/Benchmark Summary

The Credit Suisse 130/30 Large Cap Index is designed to replicate an investment strategy that establishes either long or short positions in certain of the 500 largest U.S. market cap equities (the "Universe") by applying a rules-based ranking and weighting methodology detailed below. The design intends to provide an indexed representation of a quantitatively constructed 130/30 U.S. large cap equity strategy. This results in the Index having total long exposure of 130% and total short exposure of 30% at each monthly reconstitution date. The Index will have risk characteristics similar to the Universe and will generally rise and fall with the Universe, with the goal, but not guarantee, of incremental risk-adjusted outperformance as compared to the Universe.

As of 12/15/17


Total Number
of Companies
Dividend Yield 1
Average Index Market
Tracking Error
Monthly Turnover
Long Short Long Short Long Short Long Short Long Short
329 153 24.63 28.08 5.15 4.50 1.82 1.75 $61.3 billion $26.81 billion 1.17 7.23
1 = Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Top 10 Index Companies (Long) Weight
Apple Inc. 3.48%
Microsoft Corp. 2.43%
Facebook Inc. 2.25% Inc. 1.64%
Chevron Corp. 1.39%
Exxon Mobil Corp. 1.33%
Johnson & Johnson 1.28%
Berkshire Hathaway Inc. 1.27%
JPMorgan Chase & Co. 1.24%
Altria Group Inc. 1.01%
Index Sector Weightings (Long)2
Financial 26.23%
Consumer, Non-Cyclical 25.93%
Technology 17.09%
Communications 14.14%
Consumer, Cyclical 13.80%
Industrial 13.31%
Energy 9.20%
Utilities 6.04%
Basic Materials 3.84%
Diversified 0.41%
Top 10 Index Companies (Short) Weight
Genuine Parts Co. -0.34%
Alexandria Real Estate Equities Inc. -0.34%
Hess Corp. -0.35%
Expeditors International of Washington Inc. -0.35%
Varian Medical Systems Inc. -0.35%
Sealed Air Corp. -0.36%
Robert Half International Inc. -0.36%
Jacobs Engineering Group Inc. -0.36%
Brighthouse Financial Inc. -0.38%
Discovery Communications Inc. -0.38%
Index Sector Weightings (Short)2
Basic Materials -0.95%
Technology -1.21%
Communications -1.40%
Energy -2.00%
Utilities -2.37%
Consumer, Cyclical -4.99%
Industrial -5.27%
Financial -5.79%
Consumer, Non-Cyclical -6.01%

2 = Sum of weightings may not equal 100% due to rounding.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.

Investing involves risk, including the possible loss of principal. Short positions lose value as security prices increase. Leverage can increase market exposure and magnify investment risk. These risks can increase volatility and decrease performance. Please see the summary and full prospectus for a more complete description of risks.

The Credit Suisse 130/30 Large Cap Index is designed to replicate an investment strategy that establishes either long or short positions in certain of the 500 largest U.S. market cap equities (the "Universe"). Short positions will approximate 30% of the portfolio’s value. The model anticipates the purchase of 30% more in long positions using leverage. There is no guarantee this methodology will result in returns exceeding the Universe returns. It is not possible to invest directly in an index.

Star rating is © 2017 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar Rating™ for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. CSM was rated against the following numbers of U.S.-domiciled Large Blend funds for the following time periods: 1,217 for the last three years and 1,079 for the last five years, ending December 31, 2017. With respect to these Large Blend funds, CSM received a Morningstar Rating of 4 stars for the three-year period and 5 stars for the five-year period. Past performance is no guarantee of future results.

"Credit Suisse" and "Credit Suisse 130/30 Large Cap Index™" are trademarks of Credit Suisse Securities (USA) LLC or one of its affiliates and have been licensed for use by ProShares. ProShares have not been passed on by Credit Suisse or its affiliates as to their legality or suitability. ProShares based on the Credit Suisse 130/30 Large Cap Index are not sponsored, endorsed, or promoted by Credit Suisse or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

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ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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