DAT

Big Data Refiners ETF

star-star-3 star-star-3 star-star-3 star-star-3
Morningstar Rating
Overall Morningstar Rating out of 247 Technology funds based on risk-adjusted returns as of 05/31/25.

Why DAT?

  • Data is being created at an unprecedented rate—approximately 64 zettabytes (six trillion gigabytes) of data was generated in 2020. For businesses, data has become an important commodity, and unlocking insights can improve efficiencies and reduce costs.

  • Ninety-two percent of corporate executives say the pace of their big data and AI investments has accelerated, according to a 2021 NewVantage Partners survey of Fortune 1000 companies. Of those surveyed, 81% were optimistic about the future of AI and big data in their firms.

  • The global big data market has expanded quickly, reaching $208 billion in 2020. By 2026, it is projected to grow to $450 billion, according to a 2021 Expert Market Research Report.

How to buy
View all Fund detail sections

Why DAT?

  • Data is being created at an unprecedented rate—approximately 64 zettabytes (six trillion gigabytes) of data was generated in 2020. For businesses, data has become an important commodity, and unlocking insights can improve efficiencies and reduce costs.

  • Ninety-two percent of corporate executives say the pace of their big data and AI investments has accelerated, according to a 2021 NewVantage Partners survey of Fortune 1000 companies. Of those surveyed, 81% were optimistic about the future of AI and big data in their firms.

  • The global big data market has expanded quickly, reaching $208 billion in 2020. By 2026, it is projected to grow to $450 billion, according to a 2021 Expert Market Research Report.

How to buy

Investment Objective

ProShares Big Data Refiners ETF seeks investment results, before fees and expenses, that track the performance of the FactSet Big Data Refiners Index.

Documents & Downloads
Fund Fact Sheet
This links to a pdf file This link opens a new window
NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 5/31/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
DAT Market Price 10.17% 4.09% -1.66% 2.74% 33.34% 22.98% -- -- 3.31% 09/29/2021
DAT NAV 9.93% 4.12% -1.50% 2.95% 34.03% 23.20% -- -- 3.39% 09/29/2021
FactSet Big Data Refiners IndexTM   10.05% 4.18% -1.10% 3.26% 34.73% 23.84% -- -- 3.91% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    DAT
  • Intraday Ticker
    DAT.IV
  • CUSIP
    74347G457
  • Inception Date
    9/29/21
  • Expense Ratio
    0.58%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 6/20/2025
  • NAV
    $44.75
  • NAV Change
    $-0.44 down caret
  • Market Price
    $44.59
  • Market Price Change
    $-0.45 down caret
  • Trading Volume (M)
    814
  • 30-Day Median Bid Ask Spread
    0.52%
  • View Premium / Discount
Snapshot
  • Ticker
    DAT
  • Intraday Ticker
    DAT.IV
  • CUSIP
    74347G457
  • Inception Date
    9/29/21
  • Expense Ratio
    0.58%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 6/20/2025
  • NAV
    $44.75
  • NAV Change
    $-0.44 down caret
  • Market Price
    $44.59
  • Market Price Change
    $-0.45 down caret
  • Trading Volume (M)
    814
  • 30-Day Median Bid Ask Spread
    0.52%
  • View Premium / Discount

Exposures

Fund as of 6/20/2025

Holdings

as of 6/20/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
4.98% PLTR PALANTIR TECHNOLOGIES INC-A -- $334,325.50 2,435 BN78DQ4
4.83% DDOG DATADOG INC - CLASS A -- $324,487.50 2,545 BKT9Y49
4.66% SNOW SNOWFLAKE INC-CLASS A -- $312,685.25 1,475 BN134B7
4.64% IDCC INTERDIGITAL INC -- $311,096.88 1,368 2465737
4.63% INFA INFORMATICA INC - CLASS A -- $311,068.04 12,886 BMG95P4
4.61% ZBRA ZEBRA TECHNOLOGIES CORP-CL A -- $309,624.12 1,053 2989356
4.58% TYL TYLER TECHNOLOGIES INC -- $307,675.80 540 2909644
4.58% DT DYNATRACE INC -- $307,634.14 5,654 BJV2RD9
4.57% MSTR MICROSTRATEGY INC-CL A -- $306,851.00 830 2974329
4.44% NICE NICE LTD - SPON ADR -- $297,738.91 1,831 2639736
4.43% CFLT CONFLUENT INC-CLASS A -- $297,296.85 12,765 BNXH3Z4
4.40% ESTC ELASTIC NV -- $295,118.00 3,599 BFXCLC6
4.37% NTNX NUTANIX INC - A -- $293,441.08 4,033 BYQBFT8
4.24% MDB MONGODB INC -- $284,719.50 1,413 BF2FJ99
4.19% CVLT COMMVAULT SYSTEMS INC -- $281,072.05 1,649 B142B38
4.05% RBRK RUBRIK INC-A -- $271,579.76 3,176 BSLQK57
3.80% VU VUSIONGROUP -- $254,737.14 826 B0XMRC3
2.78% AVPT AVEPOINT INC -- $186,658.28 10,393 BP2Q7W1
2.78% GENI GENIUS SPORTS LTD -- $186,530.10 19,410 BMF1JR1
2.69% FIVN FIVE9 INC -- $180,566.25 6,725 BKY7X18
2.66% TDC TERADATA CORP -- $178,699.50 8,370 B247H10
2.43% BRZE BRAZE INC-A -- $162,843.68 6,302 BPLQR66
2.26% CLBT CELLEBRITE DI LTD -- $151,930.87 9,821 BN7GN02
2.01% INOD INNODATA INC -- $134,594.82 2,734 2226741
1.32% VRNT VERINT SYSTEMS INC -- $88,701.07 5,321 2849193
1.17% BASE COUCHBASE INC -- $78,368.00 3,200 BNLYJ71
0.96% ENGH ENGHOUSE SYSTEMS LTD -- $64,351.01 3,877 2282237
0.76% IIIV I3 VERTICALS INC-CLASS A -- $51,283.46 2,083 BF2G4D1
0.71% CGNT COGNYTE SOFTWARE LTD -- $47,885.09 5,423 BMYDNT8
0.70% RDVT RED VIOLET INC -- $47,260.20 996 BFXSFB1
0.70% WEAV WEAVE COMMUNICATIONS INC -- $47,056.44 5,788 BMDW0R3
-- -- NET OTHER ASSETS (LIABILITIES) -- $3,485.45 3,485 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 3/31/2025

  • Total Number of Companies31
  • Price/Earnings Ratio--
  • Price/Book Ratio6.338
  • Dividend Yield ( % )0.17
  • Avg. Index Market Capitalization$16.26 billion
About the Index

The FactSet Big Data Refiners Index is designed to measure the performance of companies that provide services related to analytics, software, hardware, and computing infrastructure for managing and extracting information from large structured and unstructured data sets.

Distributions

 

 

Sources: ProShares; Datacenter News, March, 2021; Expert Market Research, Global Big Data Market Size, Share, Growth, and Forecast 2021-2026, June 2021; NewVantage Partners, 2021 Big Data and AI Executive Survey, 2021.

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

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

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

Investments in big data technology are subject to risks associated with a developing industry and there is no guarantee that these companies will be successful.

Big data companies may have limited product lines, markets, and resources. Such companies are subject to risks such as rapid changes in technology; short product life cycles; impairment of intellectual property rights; intense competition; evolving industry standards and regulations; security and privacy failures or constraints; dependence on third-party vendors; and the impact of research and development and mergers and acquisition costs. The index theme may not be the primary driver of company, index or fund performance. Companies in the index may have significant unrelated business lines, which could have a significant negative impact on company, index and fund performance. This fund may be subject to additional risks associated with the software and services industry. A more complete discussion of risks is found in the prospectus.

This fund is non-diversified and concentrates its investments in certain sectors. Non-diversified and narrowly focused investments typically exhibit higher volatility.

Investments in non-U.S. securities may involve risks different from U.S. securities, including risks from geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Investments in emerging markets generally are less liquid, more volatile and riskier than investments in more developed markets and are considered to be speculative.

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.

The "FactSet Big Data Refiners Index" and "FactSet" are trademarks of FactSet Research Systems Inc. and have been licensed for use by ProShare Advisors LLC. ProShares have not been passed on by these entities or their affiliates as to their legality or suitability. ProShares based on the FactSet Big Data Refiners Index are not sponsored, endorsed, sold, or promoted by FactSet Research Systems Inc., and it makes 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. FactSet Research Systems Inc. does not guarantee the accuracy and/or the completeness of the FactSet Big Data Refiners Index or any data included therein, and FactSet Research Systems Inc. shall have no liability for any errors, omissions, or interruptions therein.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

Star rating is © 2025 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 RatingTM 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 Morningstar Rating does not include any adjustment for sales loads. 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. DAT was rated against the following numbers of U.S.-domiciled Technology funds for the following time period: 247 for the last three years ending 05/31/25. With respect to these Technology funds, DAT received a Morningstar Rating of 4 stars for the three-year period. Past performance is no guarantee of future results. 

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