CLIX

Long Online/Short Stores ETF

Why CLIX?

  • E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online.

  • Physical retailers are under immense pressure. In general, profit margins and Return on Assets have been declining for years.

  • ProShares Retail Disruption ETFs: The ProShares Long Online/Short Stores Index combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on revenue from physical stores. A potential advantage is that the long and short positions may offset one another, resulting in a lower net exposure to the direction of the market.

Why CLIX?

  • E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online.

  • Physical retailers are under immense pressure. In general, profit margins and Return on Assets have been declining for years.

  • ProShares Retail Disruption ETFs: The ProShares Long Online/Short Stores Index combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on revenue from physical stores. A potential advantage is that the long and short positions may offset one another, resulting in a lower net exposure to the direction of the market.

Performance

Growth of $10,000

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
CLIX Market Price 1.66% 10.96% 13.10% 22.85% 28.84% -9.39% -0.43% -- 2.45% 11/14/2017
CLIX NAV 1.62% 10.90% 13.03% 22.83% 28.96% -9.36% -0.43% -- 2.46% 11/14/2017
ProShares Long Online/Short Stores Index 1.58% 10.76% 12.69% 21.74% 27.65% -9.90% -0.53% -- 2.41% --

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
    CLIX
  • Intraday Ticker
    CLIX.IV
  • CUSIP
    74347B375
  • Inception Date
    11/14/17
  • Expense Ratio
    0.65%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 12/06/2024
  • NAV
    $47.45
  • NAV Change
    $+0.26 up caret
  • Market Price
    $47.48
  • Market Price Change
    $+0.31 up caret
  • Trading Volume (M)
    1,859
  • 30-Day Median Bid Ask Spread
    0.15%
  • View Premium / Discount
Snapshot
  • Ticker
    CLIX
  • Intraday Ticker
    CLIX.IV
  • CUSIP
    74347B375
  • Inception Date
    11/14/17
  • Expense Ratio
    0.65%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 12/06/2024
  • NAV
    $47.45
  • NAV Change
    $+0.26 up caret
  • Market Price
    $47.48
  • Market Price Change
    $+0.31 up caret
  • Trading Volume (M)
    1,859
  • 30-Day Median Bid Ask Spread
    0.15%
  • View Premium / Discount

Exposures

Index as of 9/30/2024

Holdings

as of 12/06/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
23.35% AMZN AMAZON.COM INC -- $1,939,063.23 8,541 2000019
10.56% -- PROSHARES ONLINE RETAIL INDEX SWAP SOCIETE GENERALE 876,524 -- 463 --
7.24% EBAY EBAY INC -- $601,272.62 9,451 2293819
5.09% PDD PDD HOLDINGS INC -- $422,434.81 4,229 BYVW0F7
4.00% W WAYFAIR INC- CLASS A -- $332,207.18 6,206 BQXZP64
3.90% BABA ALIBABA GROUP HOLDING-SP ADR -- $323,956.10 3,770 BP41ZD1
3.83% CVNA CARVANA CO -- $318,031.86 1,266 BYQHPG3
3.74% CPNG COUPANG INC -- $310,174.20 12,978 BNYHDF3
3.71% ETSY ETSY INC -- $308,388.60 5,382 BWTN5N1
3.71% BKE BUCKLE INC/THE -- $307,738.08 5,802 2149934
3.65% FIGS FIGS INC-CLASS A -- $302,758.29 59,481 BMXXBD9
3.50% RVLV REVOLVE GROUP INC -- $291,041.10 7,830 BJ1FD74
3.42% BYON BEYOND INC -- $283,605.89 47,189 2855930
3.35% CHWY CHEWY INC - CLASS A -- $277,967.16 8,802 BJLFHW7
3.11% GCT GIGACLOUD TECHNOLOGY INC - A -- $258,075.00 11,625 BP0WTV4
2.77% JD JD.COM INC-ADR -- $230,292.92 6,194 BMM27D9
2.77% MELI MERCADOLIBRE INC -- $229,767.24 118 B23X1H3
2.70% SE SEA LTD-ADR -- $224,478.75 1,931 BYWD7L4
2.31% GLBE GLOBAL-E ONLINE LTD -- $191,415.51 3,531 BN770J3
2.16% ODD ODDITY TECH LTD-CL A -- $179,460.40 3,745 BM9HHR1
0.73% -- PROSHARES ONLINE RETAIL INDEX SWAP UBS AG 60,580 -- 32 --
0.71% -- PROSHARES ONLINE RETAIL INDEX SWAP BNP PARIBAS 58,687 -- 31 --
0.18% -- PROSHARES ONLINE RETAIL INDEX SWAP GOLDMAN SACHS INTERNATIONAL 15,145 -- 08 --
-- OZON OZON HOLDINGS PLC - ADR -- $00.00 3,471 BN10NX3
-- -- NET OTHER ASSETS (LIABILITIES) -- $971,511.32 971,511 --
-1.87% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP GOLDMAN SACHS INTERNATIONAL -154,956 -- -86 --
-18.18% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP SOCIETE GENERALE -1,509,917 -- -838 --
-29.51% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP BNP PARIBAS -2,450,462 -- -1,360 --

Index

as of 9/30/2024

Long
  • Total Number of Companies19
  • Price/Earnings Ratio31.956
  • Price/Book Ratio5.772
  • Dividend Yield ( % )--
  • Avg. Index Market Capitalization$143.84 billion
Short
  • Total Number of Companies37
  • Price/Earnings Ratio15.647
  • Price/Book Ratio3.818
  • Dividend Yield ( % )--
  • Avg. Index Market Capitalization$62.89 billion
About the Index

The ProShares Long Online Short Stores Index consists of a 100% long position in the equity securities contained in the ProShares Online Retail Index (the "Online Index") and a 50% short position in the equity securities contained in the Solactive-ProShares Bricks and Mortar Retail Store Index (the "Retail Store Index"). The Online Index is designed to measure the performance of U.S.-listed companies deemed to be "Online Retailers."

The Retail Store Index is designed to measure the performance of U.S. retail companies whose retail revenue is derived principally from in-store sales.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

 

 

Profit margins, as measured by EBIT (Earnings Before Interest and Taxes). Data via Bloomberg.

Sources: eMarketer, May 2019; CB Insights, December 2019.

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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. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

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 non-diversified and entails certain risks, which may include risks associated with the use of derivatives (such as swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. The fund's short positions are not intended to hedge the portfolio in market downturns, but rather to allow stocks with unfavorable outlooks to contribute to performance. Short positions lose value as security prices increase. Please see the summary and full prospectus for a more complete description of risks.

International investments may involve 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 smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices.

Investments in the consumer discretionary and retailing industries are subject to risks such as changes in domestic and international economies, interest rates, competition and consumer confidence; disposable household income; consumer tastes and preferences; intense competition; changing demographics; marketing and public perception; and dependence on third-party suppliers and distribution systems.

Retail revenue information in the Solactive-ProShares Bricks and Mortar Retail Store Index is based on Kantar Retail LLC data.

Emerging markets are riskier than more developed markets because they may develop unevenly or may never fully develop. Investments in emerging markets are considered speculative.

Solactive AG serves as index calculation agent for these indexes and performs routine daily calculations and maintenance (e.g., reconstitution, rebalancing, and corporate actions). "Solactive AG," a registered trademark of Solactive AG, and the Solactive-ProShares Bricks and Mortar Retail Store Index have been licensed for use by ProShare Advisors LLC ("ProShares"). SOLACTIVE AG AND ITS AFFILIATES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND BEAR NO LIABILITY WITH RESPECT TO THE INDEXES, PROSHARES, OR THE FUND.

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.

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

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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