Thematic

PAWZ

ProShares Pet Care ETF

What kind of companies drive the pet care industry

Pets today are more than companions—they are part of the family. And caring for them is big business. The global pet care industry could exceed $350 billion by 2027. Domestically, it has grown steadily every year since 2001, even during the Great Recession. The companies driving this extraordinary growth typically fall into one of several broad categories: pet health, pet supplies and stores, or pet food. Who are some of these companies and what kind of services do they provide? Let’s take a look.

Pet Health

Providers for veterinary services, pharmaceuticals, diagnostics and other pet health products.
IDEXX Laboratories, Inc.

May 5, 2022Headquarters: Westbrook, Maine

55.10%
  • An industry leader in veterinary diagnostics research and development.
  • Provides pet wellness diagnostics, including tests for parasites, pancreatic and cardiac health.

Pet Supplies & Stores

Manufacturers and retailers of a variety of pet supplies
Chewy, Inc.

April 1, 2022Headquarters: Dania Beach, Florida

26.77%
Weight
  • A leading online retailer selling pet food, toys, veterinary medications and other pet-related products.
  • With more than 60,000 products available, provides cost-effective overnight delivery of pet supplies to approximately 80% of the United States (~100% in two days) through nine fulfillment centers.

Pet Food

Producers of traditional and premium pet foods and treats.
Freshpet, Inc.

April 1, 2022Headquarters: Secaucus, New Jersey

18.13%
Weight
  • Founded in 2006, a leader in the fresh pet food industry using farm-fresh ingredients to manufacture preservative- and additive-free refrigerated food and treats for cats and dogs.
  • Products distributed in over 20,000 stores in North America, including natural food retailers, pet specialty stores and major retailers.

About PAWZ and the FactSet Pet Care Index

The ProShares Pet Care ETF (PAWZ) is the first ETF focused on the pet care industry. It invests in companies that potentially stand to benefit from the proliferation of pet ownership and the emerging trends affecting how we care for our pets.

PAWZ follows the FactSet Pet Care IndexTM. The index consists of U.S. and international companies whose principal revenue comes from one of eight FactSet Revere Business Industry Classification Systems ("RBICS"), or companies who generate at least $1 billion in annual revenue from an RBICS subindustry, or who are identified by FactSet as pet care related businesses.

 

 

Holding Block Title

Holding Block Heading

Holding Block Sub Heading

Holding Block Description

Holding Links Label
Get the latest perspectives and updates.

Sources: ProShares; April 2020; Global Market Insights (pet industry $ size), February, 2021; U.S. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis (August 2020); Chewy SEC Filings, April 2020; Chewy Q1 Letter to Shareholders; June 2020; Freshpet.com, 2020; IDEXX, 2020.

Any forward-looking statements herein are based on expectations of ProShares at this time. Whether or not actual results and developments will conform to ProShares’ expectations and predictions, however, is subject to a number of risks and uncertainties, including general economic, market and business conditions, changes in laws or regulations or other actions made by governmental authorities or regulatory bodies, and other world economic and political developments. ProShares undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investing involves risk, including the possible loss of principal. This ProShares ETF is non-diversified and entails certain risks, including imperfect benchmark correlation and market price variance, that may decrease performance. Investments in smaller companies typically exhibit higher volatility. Smaller company stocks also may trade at greater spreads or lower trading volumes, and may be less liquid than stocks of larger companies. The fund is subject to the risks faced by companies in the pet care industry. Although the pet care industry has historically seen steady growth and has been resilient to economic downturns, these trends may not continue or may reverse. Please see the summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

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 Pet Care Index" and "FactSet" are trademarks of FactSet Research Systems Inc. and have been licensed for use by ProShares. ProShares have not been passed on by these entities or their affiliates as to their legality or suitability. ProShares based on the FactSet Pet Care 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 Pet Care Index or any data included therein, and FactSet Research Systems Inc. shall have no liability for any errors, omissions, or interruptions therein.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

Your use of this site signifies that you accept our Terms and Conditions of Use.