Decline of the Retail Store ETF  - EMTY Decline of the Retail Store ETF

ProShares Decline of the Retail Store ETF seeks capital appreciation from the decline of bricks and mortar retailers through short exposure (-1x) to the Solactive-ProShares Bricks and Mortar Retail Store Index.

  • EMTY is the first ETF specifically designed to benefit from the decline of bricks and mortar retailers.
  • Physical retailers are under immense pressure. E-commerce is threatening to take over retail as consumer habits change, shopping moves online, and physical stores struggle to remain viable. With this disruption comes opportunity.
  • The Solactive-ProShares Bricks and Mortar Retail Store Index is the first comprehensive, public securities index composed solely of traditional retailers, and is positioned to potentially become an industry standard for measuring the health of bricks and mortar retailers.

This ProShares ETF seeks a return that is -1x the return of the index (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, the fund’s returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

  • Learn More about ProShares Retail Disruption ETFs.
  • Watch The Street interview with Simeon Hyman for more about the secular decline of bricks-and-mortar retailers.

Index/Benchmark Summary

To be included in the Solactive-ProShares Bricks and Mortar Retail Store Index, a retailer must be characterized as receiving at least 50% of its revenue from retail operations; receive 75% or more of its retail revenues from in-store sales; and be a U.S. company. In addition, a retailer must have a market capitalization of at least $500 million, a six-month daily average value traded of at least $1 million, and meet other requirements. The index is rebalanced monthly and reconstituted annually.

Click here to learn more about the index.

Fundamentals as of 12/29/17

Total Number of Companies 56
Price/Earnings Ratio 28.45
Price/Book Ratio 4.59
Average Index Market Capitalization $20.92 billion

Index Holdings Information as of 12/29/17

Index Companies Weight
FINISH LINE/THE - CL A 1.88%
MICHAELS COS INC/THE 1.85%
BURLINGTON STORES INC 1.85%
LOWE'S COS INC 1.84%
BEST BUY CO INC 1.83%
DOLLAR GENERAL CORP 1.83%
CHILDREN'S PLACE INC/THE 1.83%
SALLY BEAUTY HOLDINGS INC 1.82%
OFFICE DEPOT INC 1.82%
COSTCO WHOLESALE CORP 1.82%
SHERWIN-WILLIAMS CO/THE 1.81%
WAL-MART STORES INC 1.81%
AUTOZONE INC 1.81%
HOME DEPOT INC 1.81%
BIG LOTS INC 1.81%
SUPERVALU INC 1.81%
TRACTOR SUPPLY COMPANY 1.81%
CALERES INC 1.80%
TARGET CORP 1.80%
ROSS STORES INC 1.80%
WALGREENS BOOTS ALLIANCE INC 1.80%
ETHAN ALLEN INTERIORS INC 1.80%
DOLLAR TREE INC 1.80%
TIFFANY & CO 1.80%
KROGER CO 1.80%
TJX COMPANIES INC 1.80%
LUMBER LIQUIDATORS HOLDINGS 1.80%
ULTA BEAUTY INC 1.80%
SPROUTS FARMERS MARKET INC 1.79%
FIVE BELOW 1.79%
DSW INC-CLASS A 1.78%
WEIS MARKETS INC 1.78%
SIGNET JEWELERS LTD 1.78%
BARNES & NOBLE INC 1.78%
NORDSTROM INC 1.78%
GENESCO INC 1.78%
GNC HOLDINGS INC-CL A 1.78%
RITE AID CORP 1.77%
GAP INC/THE 1.77%
AMERICAN EAGLE OUTFITTERS 1.77%
CONN'S INC 1.77%
GAMESTOP CORP-CLASS A 1.76%
SMART & FINAL STORES INC 1.76%
FOOT LOCKER INC 1.76%
BUCKLE INC/THE 1.75%
CHICO'S FAS INC 1.75%
L BRANDS INC 1.74%
J.C. PENNEY CO INC 1.74%
KOHLS CORP 1.74%
BED BATH & BEYOND INC 1.73%
SEARS HOLDINGS CORP 1.73%
DILLARDS INC-CL A 1.73%
TAILORED BRANDS INC 1.72%
DICK'S SPORTING GOODS INC 1.72%
MACY'S INC 1.71%
EXPRESS INC 1.70%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Sector Weightings § Weight
Apparel Retail 28.48%
Specialty Stores 19.74%
Department Stores 10.42%
Food Retail 8.94%
General Merchandise Stores 7.25%
Home Improvement Retail 5.45%
Computer & Electronics Retail 5.36%
Hypermarkets & Super Centers 3.63%
Drug Retail 3.58%

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