Big Data Refiners ETF - DAT Big Data Refiners ETF

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

ProShares Big Data Refiners ETF invests in companies that help businesses process massive amounts of data to draw competitive insights.

  • 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.
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Index/Benchmark Summary

The FactSet Big Data index is designed to track the performance of companies that provide analytics, software, hardware and other computing infrastructure for managing and extracting information from large structured and unstructured datasets, as determined by the index methodology.

To be selected for the index, a company must generate at least 75% of its revenue from products or services associated with at least one or more of nine FactSet Revere Business Industry Classification System Sub-Industries that the index provider has identified as related to big data refiners. If fewer than 25 companies are included in the index, the index provider will reduce the revenue requirement to 50%, and the top 25 companies will be included in the index.

Selected companies are weighted based on market capitalization, subject to a maximum weight of 4.5% for any single company. The index includes U.S., non-U.S. developed, and emerging market companies and is reconstituted and rebalanced semiannually.

Fundamentals as of 9/30/21

Total Number of Companies 30
Price/Earnings Ratio 58.00
Price/Book Ratio 7.37
Dividend Yield (%) 1.34
Average Index Market Capitalization $13 billion

Index Holdings as of 9/30/21

Top 10 Index Companies Weight
Datadog Inc. 6.41%
MongoDB Inc. 5.97%
Dynatrace Inc. 5.65%
NICE Ltd. 5.33%
Splunk Inc. 5.02%
Snowflake Inc. 4.97%
Teradata Corp. 4.77%
Elastic NV 4.64%
Tyler Technologies Inc. 4.63%
Nutanix Inc. 4.63%
Index Country Weightings Weight
United States 87.89%
Israel 5.33%
Netherlands 4.64%
Australia 0.61%
Norway 0.60%
Japan 0.54%
Poland 0.38%
Index Sector Weightings Weight
Information Technology 96.79%
Consumer Discretionary 2.07%
Industrials 1.14%

* Sum of weightings may not equal 100% due to rounding. Weightings may fluctuate between rebalance dates and may be higher or lower than the indicated amounts.

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.