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.

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 10/31/17

Total Number of Companies 56
Price/Earnings Ratio 13.67
Price/Book Ratio 2.22
Dividend Yield *(%) 2.44
Average Index Market Capitalization $18.3 billion

* 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.

Index Holdings Information as of 10/31/17

Index Companies Weight
Wal-Mart Stores Inc 1.79%
GNC Holdings Inc 1.79%
Kohl's Corp 1.79%
Michaels Cos Inc/The 1.79%
Conn's Inc 1.79%
Buckle Inc/The 1.79%
Costco Wholesale Corp 1.79%
Sprouts Farmers Market Inc 1.79%
Tiffany & Co 1.79%
Sally Beauty Holdings Inc 1.79%
Lumber Liquidators Holdings Inc 1.79%
JC Penney Co Inc 1.79%
Smart & Final Stores Inc 1.79%
Caleres Inc 1.79%
Foot Locker Inc 1.79%
Ethan Allen Interiors Inc 1.79%
Express Inc 1.79%
Ulta Beauty Inc 1.79%
Ross Stores Inc 1.79%
Best Buy Co Inc 1.79%
Walgreens Boots Alliance Inc 1.79%
L Brands Inc 1.79%
Dick's Sporting Goods Inc 1.79%
Dillard's Inc 1.79%
Genesco Inc 1.79%
Tailored Brands Inc 1.79%
Burlington Stores Inc 1.79%
Target Corp 1.79%
SUPERVALU Inc 1.79%
Home Depot Inc/The 1.79%
Weis Markets Inc 1.79%
Tractor Supply Co 1.79%
Children's Place Inc/The 1.79%
Nordstrom Inc 1.79%
Office Depot Inc 1.79%
Lowe's Cos Inc 1.79%
DSW Inc 1.79%
Big Lots Inc 1.79%
Chico's FAS Inc 1.79%
Sears Holdings Corp 1.79%
Signet Jewelers Ltd 1.79%
Dollar General Corp 1.79%
GameStop Corp 1.79%
Rite Aid Corp 1.79%
Bed Bath & Beyond Inc 1.79%
Kroger Co/The 1.79%
Finish Line Inc/The 1.79%
Five Below Inc 1.79%
Macy's Inc 1.79%
Sherwin-Williams Co/The 1.79%
Gap Inc/The 1.79%
AutoZone Inc 1.79%
American Eagle Outfitters Inc 1.79%
Barnes & Noble Inc 1.79%
TJX Cos Inc/The 1.79%
Dollar Tree Inc 1.79%

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 28.57%
Department Stores 10.71%
Supermarket 5.36%
Electronics Specialist 5.36%
Health and Beauty Specialist 3.57%
Jewelry Specialist 3.57%
Home Improvement DIY 3.57%
Drugstore 3.57%
Convenience Discounter 3.57%
Flooring and Home Design 3.57%

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