CLIX

Long Online/Short Stores ETF

Why Invest in CLIX?

  • E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. It's predicted that, by the end of 2020, online retail may account for about 16% of global retail sales, leaving tremendous room for growth.

  • Physical retailers are under immense pressure. In general, profit margins and Return on Assets have been declining for years, currently approaching the lows of the Great Recession. Over 80 major retailers have declared bankruptcy since 2015 and longstanding names like The Gap and Macy’s are struggling to remain viable.

  • 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 Invest in CLIX?

  • E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. It's predicted that, by the end of 2020, online retail may account for about 16% of global retail sales, leaving tremendous room for growth.

  • Physical retailers are under immense pressure. In general, profit margins and Return on Assets have been declining for years, currently approaching the lows of the Great Recession. Over 80 major retailers have declared bankruptcy since 2015 and longstanding names like The Gap and Macy’s are struggling to remain viable.

  • 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 -2.88% -0.81% -26.12% -33.70% -48.99% -9.86% -- -- -1.46% 11/14/2017
CLIX NAV -2.91% -1.31% -26.21% -33.83% -49.03% -9.90% -- -- -1.48% 11/14/2017
ProShares Long Online/Short Stores Index -2.90% -1.20% -25.97% -33.49% -48.58% -9.34% -- -- -1.04% --

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
  • Unitary Expense Ratio 0.65%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 8/31/2022
  • Distribution Yield 0%

    Distribution Yield represents the annualized yield based on the last income distribution.

Price
as of 9/30/2022
  • NAV $32.87
  • NAV Change $-0.19 down caret
  • Market Price $0.00
  • Market Price Change $0.00
  • Trading Volume (M) 0
  • 30-Day Median Bid Ask Spread 0.31%
  • View Premium / Discount
Snapshot
  • Ticker CLIX
  • Intraday Ticker CLIX.IV
  • CUSIP 74347B375
  • Inception Date 11/14/17
  • Unitary Expense Ratio 0.65%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 8/31/2022
  • Distribution Yield 0%

    Distribution Yield represents the annualized yield based on the last income distribution.

Price
as of 9/30/2022
  • NAV $32.87
  • NAV Change $-0.19 down caret
  • Market Price $0.00
  • Market Price Change $0.00
  • Trading Volume (M) 0
  • 30-Day Median Bid Ask Spread 0.31%
  • View Premium / Discount

Exposures

Index as of 6/30/2022

Holdings

as of 9/30/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
20.22% AMZN AMAZON.COM INC -- $2,957,210.00 26,170 2000019
9.96% BABA ALIBABA GROUP HOLDING-SP ADR -- $1,456,377.93 18,207 BP41ZD1
9.63% -- PROSHARES ONLINE RETAIL INDEX SWAP SOCIETE GENERALE 1,408,684 -- 1,187 --
5.31% -- PROSHARES ONLINE RETAIL INDEX SWAP BNP PARIBAS GOLDMAN SACHS INTERNATIONAL 776,141 -- 654 --
5.28% EBAY EBAY INC -- $773,010.00 21,000 2293819
4.26% SE SEA LTD-ADR -- $622,939.70 11,114 BYWD7L4
3.57% DASH DOORDASH INC - A -- $522,389.80 10,564 BN13P03
3.54% JD JD.COM INC-ADR -- $518,039.70 10,299 BMM27D9
3.49% ETSY ETSY INC -- $511,063.52 5,104 BWTN5N1
3.44% PDD PINDUODUO INC-ADR -- $503,581.26 8,047 BYVW0F7
3.23% CHWY CHEWY INC - CLASS A -- $473,149.44 15,402 BJLFHW7
3.02% XMTR XOMETRY INC-A -- $441,882.99 7,781 BP7L5C7
3.01% OSTK OVERSTOCK.COM INC -- $440,759.35 18,101 2855930
2.99% SSTK SHUTTERSTOCK INC -- $437,632.91 8,723 B7ZR219
2.79% QRTEA QURATE RETAIL INC-SERIES A -- $408,641.04 203,304 BZ19HB0
2.73% W WAYFAIR INC- CLASS A -- $399,941.85 12,287 BQXZP64
2.66% RVLV REVOLVE GROUP INC -- $389,530.71 17,959 BJ1FD74
2.65% FIGS FIGS INC-CLASS A -- $387,519.00 46,972 BMXXBD9
2.45% WISH CONTEXTLOGIC INC - A -- $358,833.07 488,940 BMYDFW5
1.88% MELI MERCADOLIBRE INC -- $275,650.74 333 B23X1H3
1.36% CPNG COUPANG INC -- $198,756.41 11,923 BNYHDF3
0.76% -- PROSHARES ONLINE RETAIL INDEX SWAP GOLDMAN SACHS INTERNATIONAL 111,555 -- 94 --
0.34% VIPS VIPSHOP HOLDINGS LTD - ADR -- $49,173.27 5,847 B3N0H17
0.29% GLBE GLOBAL-E ONLINE LTD -- $42,066.72 1,572 BN770J3
0.26% -- PROSHARES ONLINE RETAIL INDEX SWAP UBS AG E 37,976 -- 32 --
0.22% FTCH FARFETCH LTD-CLASS A -- $32,705.50 4,390 BFD20M9
0.17% FVRR FIVERR INTERNATIONAL LTD -- $24,808.49 811 BKKDH30
0.17% DADA DADA NEXUS LTD-ADR -- $24,444.64 5,168 BMH5F39
0.15% DDL DINGDONG CAYMAN LTD -SPN ADR -- $22,043.52 6,192 BLD30S0
-- -- NET OTHER ASSETS (LIABILITIES) -- $2,355,385.89 2,355,386 --
-- OZON OZON HOLDINGS PLC - ADR -- $00.00 3,471 BN10NX3
-0.61% -- SOLACTIVE-PROSHARES BRICKS AND MORTAR RETAIL STORE INDEX SWAP GOLDMAN SACHS INTERNATIONAL -88,870 -- -63 --
-3.40% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP BNP PARI RETAIL STORE INDEX SWAP GOLDMAN SACHS INTERNATIONAL -497,956 -- -353 --
-46.05% -- SOLACTIVE-PROSHARES BRICKS AND MORTAR RETAIL STORE INDEX SWAP SOCIETE GENERALE -6,735,806 -- -4,775 --

Index

as of 6/30/2022

Long
  • Total Number of Companies38
  • Price/Earnings Ratio761.819
  • Price/Book Ratio2.904
  • Avg. Index Market Capitalization$45.57 billion
Short
  • Total Number of Companies38
  • Price/Earnings Ratio12.662
  • Price/Book Ratio3.217
  • Avg. Index Market Capitalization$39.39 billion
About the Index

The ProShares Long Online/Short Stores Index combines two specialized retail indexes into one. It is 100% long the ProShares Online Retail Index, which tracks retailers that primarily sell online or through other non-store channels, and 50% short the Solactive-ProShares Bricks and Mortar Retail Store Index that brings together traditional in-store retailers. The positions are rebalanced monthly:

Retailers in the 100% long portion of the index include U.S. and non-U.S. companies. To be eligible, retailers must: be classified as an online retailer, an e-commerce retailer, or an internet or direct marketing retailer, according to standard industry classification systems; have a market capitalization of at least $500 million; and have a six-month daily average value traded of at least $1 million and meet other requirements. When the index is rebalanced, it is weighted so that no company may exceed 24% of the value of the index, the sum of companies individually weighing more than 4.5% may not exceed 50% of the value of the index, and the total weight of all non-U.S. companies will be capped at 25% of the value of the index. The long portion of the index is rebalanced monthly and reconstituted annually.

Retailers in the 50% short portion of the index must be characterized as receiving at least 50% of its revenue from retail operations; receive 75% or more of its retail revenues from in-store sales; and be a U.S. company. In addition, a retailer must have a market capitalization of at least $500 million, a six-month daily average value traded of at least $1 million, and meet other requirements. The short portion of the index is rebalanced monthly and reconstituted annually.

Click here to learn more about the index.

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

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