On-Demand ETF - OND On-Demand ETF

ProShares On-Demand ETF seeks investment results, before fees and expenses, that track the performance of the FactSet On-Demand Index.

ProShares On-Demand ETF is the first ETF focused on investing in companies delivering seamless and convenient services at the touch of a button.

  • The appetite for on-demand experiences has grown. In 2020, the global on-demand market was $403 billion, and it is projected to grow to $604 billion by 2023.* While this may have been accelerated by COVID-19, McKinsey, Forbes, and CB Insights have reported that widespread adoption of streaming services, online grocery shopping and e-gaming may continue.
  • Consumers have a plethora of streaming options, and these platforms are capturing eyeballs. In 2020, time spent streaming on-demand videos increased by almost 75%, and the number of U.S. subscribers doubled from Q1 2019 to Q4 2020. This may only be the early stages of growth—a Fortune Business Insights report projected the global market to reach $160 billion by 2027, up from $54 billion in 2019.
  • The global ride-sharing market is projected to surge from $86 billion in 2021 to $185 billion in 2026, according to Research and Markets, attributable in part to the increasing costs of car ownership and environmental concerns.

Fund Snapshot

Ticker OND
Intraday Ticker OND.IV
CUSIP 74347G523
Inception Date 10/26/21
Expense Ratio 0.58%
NAV Calculation Time 4:00 p.m. ET
Distributions Quarterly

Fund Holdings Information as of 12/1/21

NETFLIX INC 7.23%
ROBLOX CORP -CLASS A 6.59%
DOORDASH INC - A 6.51%
DELIVERY HERO SE 5.61%
SPOTIFY TECHNOLOGY SA 5.52%
TAKE-TWO INTERACTIVE SOFTWRE 5.03%
ELECTRONIC ARTS INC 4.80%
MEITUAN-CLASS B 4.67%
SNAP INC - A 4.49%
UBER TECHNOLOGIES INC 4.16%

Top Fund Country Weightings as of 12/1/21

UNITED STATES 54.75%
CHINA 15.53%
GERMANY 5.62%
LUXEMBOURG 5.53%
JAPAN 4.64%
SOUTH KOREA 4.13%
NETHERLANDS 2.93%
SWEDEN 2.25%
SINGAPORE 1.89%
FRANCE 1.69%

Price Information as of 12/1/21

NAV $34.74
NAV Change -$1.13
Market Price Closing $34.50
Market Price Closing Change -$1.29
Daily Trading Volume 204
30-Day Median Bid Ask Spread 0.25%

*Calculated by ProShares and includes ridesharing, per Mordor Intelligence, February 2020; Online food delivery per ResearchandMarkets, May 2020; video game software per ResearchandMarkets January 2021; video streaming per Grand View Research, February 2021.

Sources: McKinsey, “The Consumer Demand Recovery and Lasting Effects of COVID-19,” March 2021; PwC, "After a Boom Year in Video Streaming, What Comes Next?" 2021; Fortune Business Insight, "Video On Demand Market Size, Regional Analysis & Growth," November 2020; Research and Markets, "Ride Sharing Market by Type," June 2021; CB Insights January, 2021; strategy + business, May 2021; Forbes, “Post-Pandemic Media Consumption,” June 2021.