EMSH

Short Term USD Emerging Markets Bond ETF

Why Invest in EMSH?

  • Designed to offer the attractive yield potential of emerging markets bonds with less interest rate sensitivity than a long-term bond fund.

  • May reduce U.S. interest rate risk by holding short term bonds, which are generally less sensitive to rising rates.

  • Helps investors diversify across emerging market countries by accessing the U.S. dollar-denominated global bond market.

Why Invest in EMSH?

  • Designed to offer the attractive yield potential of emerging markets bonds with less interest rate sensitivity than a long-term bond fund.

  • May reduce U.S. interest rate risk by holding short term bonds, which are generally less sensitive to rising rates.

  • Helps investors diversify across emerging market countries by accessing the U.S. dollar-denominated global bond 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 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EMSH NAV -1.03% -1.78% -1.33% -0.43% 0.32% 2.06% 1.82% -- 2.62% 11/19/2013
EMSH Market Price -1.25% -1.88% -1.58% -0.23% 0.87% 2.30% 1.85% -- 2.63% 11/19/2013

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 EMSH
  • Intraday Ticker EMSH.IV
  • CUSIP 74347B706
  • Inception Date 11/19/13
  • Expense Ratio 0.50%
  • Gross Expense Ratio 2.14%
  • NAV Calculation Time 3:00 p.m. ET
  • Distributions Monthly
Characteristics
as of 11/30/2021
  • Distribution Yield 2.82%
  • SEC 30-Day Yield 2.49%
  • SEC 30-Day Yield (unsubsidized) 1.33%
Price
as of 1/14/2022
  • NAV $70.73
  • NAV Change -$0.15 down caret
  • Market Price $70.89
  • Market Price Change -$0.13 down caret
  • Trading Volume (M) 249
  • 30-Day Median Bid Ask Spread 0.35%
  • View Premium / Discount
Snapshot
  • Ticker EMSH
  • Intraday Ticker EMSH.IV
  • CUSIP 74347B706
  • Inception Date 11/19/13
  • Expense Ratio 0.50%
  • Gross Expense Ratio 2.14%
  • NAV Calculation Time 3:00 p.m. ET
  • Distributions Monthly
Characteristics
as of 11/30/2021
  • Distribution Yield 2.82%
  • SEC 30-Day Yield 2.49%
  • SEC 30-Day Yield (unsubsidized) 1.33%
Price
as of 1/14/2022
  • NAV $70.73
  • NAV Change -$0.15 down caret
  • Market Price $70.89
  • Market Price Change -$0.13 down caret
  • Trading Volume (M) 249
  • 30-Day Median Bid Ask Spread 0.35%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/22.

Holdings

as of 1/14/2022

Weight Ticker Description Coupon Rate Maturity Date Exposure Value
(Notional + GL)
Market Value Shares/Contracts
4.18% -- REPUBLIC OF SOUTH AFRICA 5.88% 09/16/2025 -- $437,452.00 400,000
4.07% -- SAUDI INTERNATIONAL BOND 4.00% 04/17/2025 -- $425,795.20 400,000
3.94% -- REPUBLIC OF TURKEY 7.25% 12/23/2023 -- $412,021.68 400,000
3.00% -- FED REPUBLIC OF BRAZIL 8.88% 04/15/2024 -- $314,550.00 270,000
2.99% -- SINOPEC GROUP OVERSEAS DEVELOPMENT 2015 LTD -- -- -- $313,261.73 300,000
2.31% -- PETROLEOS MEXICANOS 3.50% 01/30/2023 -- $241,860.00 240,000
2.30% -- HUNGARY 5.38% 02/21/2023 -- $240,718.00 230,000
2.18% -- SOUTHERN GAS CORRIDOR 6.88% 03/24/2026 -- $228,688.00 200,000
2.12% -- FED REPUBLIC OF BRAZIL 6.00% 04/07/2026 -- $221,516.00 200,000
2.07% -- KINGDOM OF BAHRAIN 7.00% 01/26/2026 -- $216,964.00 200,000
2.07% -- PERUSAHAAN PENERBIT SBSN 4.33% 05/28/2025 -- $216,490.00 200,000
2.05% -- PERUSAHAAN PENERBIT SBSN 4.35% 09/10/2024 -- $214,228.00 200,000
2.05% -- REPUBLIC OF INDONESIA 4.13% 01/15/2025 -- $214,106.13 200,000
2.04% -- DOMINICAN REPUBLIC 5.50% 01/27/2025 -- $213,402.00 200,000
2.03% -- OFFICE CHERIFIEN DES PHO 5.63% 04/25/2024 -- $213,000.00 200,000
2.03% -- KAZMUNAYGAS NATIONAL CO 4.75% 04/24/2025 -- $212,919.20 200,000
2.03% -- REPUBLIC OF INDONESIA 4.45% 02/11/2024 -- $212,731.62 200,000
2.02% -- EXPORT-IMPORT BANK CHINA 3.63% 07/31/2024 -- $211,441.56 200,000
2.01% -- UNITED MEXICAN STATES 3.60% 01/30/2025 -- $210,280.00 200,000
2.00% -- CROATIA 5.50% 04/04/2023 -- $209,876.00 200,000
2.00% -- GAZPROM (GAZ CAPITAL SA) 5.15% 02/11/2026 -- $209,484.00 200,000
1.99% -- REPUBLIC OF COLOMBIA 4.50% 01/28/2026 -- $208,686.00 200,000
1.99% -- RUSSIAN FEDERATION 4.88% 09/16/2023 -- $207,875.20 200,000
1.98% -- CHINA GOVT INTL BOND 3.25% 10/19/2023 -- $207,700.00 200,000
1.98% -- STATE OF QATAR 3.88% 04/23/2023 -- $207,250.00 200,000
1.96% -- EXPORT-IMPORT BK INDIA 4.00% 01/14/2023 -- $204,840.00 200,000
1.95% -- ARAB REPUBLIC OF EGYPT 5.75% 05/29/2024 -- $204,580.00 200,000
1.95% -- QNB FINANCE LTD 2.63% 05/12/2025 -- $203,920.00 200,000
1.95% -- ABU DHABI GOVT INT'L 2.13% 09/30/2024 -- $203,898.00 200,000
1.94% -- OMAN GOVERNMENT INTERNATIONAL BOND BOND FIXED -- -- -- $203,420.00 200,000
1.94% -- BANCO DO BRASIL SA/CAYMAN NOTES FIXED 3.875% -- -- -- $203,400.00 200,000
1.94% -- BANCO DEL ESTADO -CHILE 2.70% 01/09/2025 -- $203,252.00 200,000
1.94% -- ARAB REPUBLIC OF EGYPT 4.55% 11/20/2023 -- $202,997.60 200,000
1.93% -- REPUBLIC OF COLOMBIA 2.63% 03/15/2023 -- $201,698.00 200,000
1.90% -- ABU DHABI GOVT INT'L 0.75% 09/02/2023 -- $198,908.00 200,000
1.87% -- ISLAMIC REP OF PAKISTAN 6.00% 04/08/2026 -- $195,250.00 200,000
1.85% -- CHINA GOVT INTL BOND 0.55% 10/21/2025 -- $193,260.00 200,000
1.77% -- REPUBLIC OF TURKEY 4.25% 03/13/2025 -- $185,664.00 200,000
1.45% -- REPUBLIC OF TURKEY 7.38% 02/05/2025 -- $151,905.00 150,000
1.45% -- INTERNATIONAL BANK OF AZ 3.50% 09/01/2024 -- $151,500.00 150,000
1.13% -- REPUBLIC OF PERU 7.35% 07/21/2025 -- $117,926.00 100,000
1.12% -- REPUBLIC OF PANAMA 7.13% 01/29/2026 -- $116,916.00 100,000
1.11% -- POWER SECTOR ASSETS & LI 7.39% 12/02/2024 -- $116,128.70 100,000
1.02% -- PETROBRAS GLOBAL FINANCE 5.30% 01/27/2025 -- $106,750.00 100,000
1.01% -- REPUBLIC OF POLAND 4.00% 01/22/2024 -- $105,516.00 100,000
0.96% -- REPUBLIC OF SRI LANKA 6.85% 03/14/2024 -- $100,750.00 200,000
0.96% -- REPUBLIC OF SRI LANKA 6.13% 06/03/2025 -- $100,050.00 200,000
0.86% -- UKRAINE GOVERNMENT 7.75% 09/01/2023 -- $90,538.00 100,000
0.83% -- UKRAINE GOVERNMENT 7.75% 09/01/2024 -- $87,366.20 100,000
0.83% -- UKRAINE GOVERNMENT 7.75% 09/01/2025 -- $87,002.60 100,000
0.80% -- ROMANIA 4.38% 08/22/2023 -- $83,714.08 80,000
0.46% -- NET OTHER ASSETS / CASH -- -- -- $48,187.61 48,188
0.43% -- PETROLEOS MEXICANOS 6.88% 10/16/2025 -- $45,141.60 42,000
0.41% -- REPUBLIC OF POLAND 3.25% 04/06/2026 -- $42,699.20 40,000
0.31% -- PETROLEOS MEXICANOS 6.88% 08/04/2026 -- $32,237.70 30,000
0.25% -- ECOPETROL SA CALLABLE BOND FIXED 5.875% -- -- -- $26,342.25 25,000
0.14% -- HUNGARY 5.38% 03/25/2024 -- $15,107.09 14,000
0.14% -- UNITED MEXICAN STATES 4.00% 10/02/2023 -- $14,644.28 14,000

Index

  • Total Number of Issues285
  • Modified Duration2.31 Years
  • Weighted Average Maturity2.53 Years
  • Weighted Average Coupon4.72%
  • Monthly Index Volatility0.86%
  • Weighted Average Yield to Maturity3.53%
About the Index

The index is composed of a diversified portfolio of USD-denominated emerging markets bonds that have less than five years remaining to maturity ("short term USD emerging markets bonds") that are issued by emerging markets sovereign governments ("sovereigns"), non-sovereign government agencies and entities ("sub-sovereigns"), and corporations with significant government ownership ("quasi-sovereigns"). Those countries qualifying as "emerging markets" are determined by the index provider; the index currently includes bonds from sovereigns or other qualifying entities domiciled in 19 such countries.

The index is designed to represent the more liquid universe of short term USD emerging markets bonds. The bonds eligible for inclusion in the index are expected to include those issued by emerging markets sovereigns, sub-sovereigns and quasi-sovereigns that: (1) are fixed rate; and (2) have between zero and five years remaining to maturity. Eligible bonds will also have a minimum face amount outstanding of $500 million. Callable, putable, zero coupon, inflation-linked and convertible bonds, among others, will be excluded. The index includes both investment grade and below investment grade rated (i.e., "high yield") securities and will include bonds, in the aggregate, that have a dollar weighted average years-to-maturity of three years or less.

The index maintains certain issuer weight caps for diversification purposes, including limiting the weights of issuers from any particular country to no more than ten percent (10%) of the index. The index is reconstituted and rebalanced on a quarterly basis; cash from maturing issues or coupon payments is reinvested monthly.

Distributions

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

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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.

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.

Holdings are subject to change.

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 subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

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.

Bonds will decrease in value as interest rates rise.

High yield bonds may involve greater levels of credit, prepayment, liquidity and valuation risk than higher-rated instruments. High yield bonds are more volatile than investment grade securities, and they involve a greater risks of loss (including loss of principal) from missed payments, defaults or downgrades because of their speculative nature.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

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.

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.

Investments in the debt of sub-sovereigns (including agency-issued securities) and quasi-sovereigns (i.e. corporations that have significant government ownership) may or may not be issued by or guaranteed as to principal and interest by a governmental authority.

"Deutsche Bank" and "DBIQ Short Duration Emerging Market Bond IndexSM" are service marks of Deutsche Bank AG and have been licensed for use for certain purposes by ProShares. ProShares have not been passed on by Deutsche Bank AG as to their legality or suitability. ProShares based on the DBIQ Short Duration Emerging Market Bond Index are not sponsored, endorsed, sold, or promoted by Deutsche Bank AG, and Deutsche Bank makes no representation, express or implied, regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

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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