ION

S&P Global Core Battery Metals ETF

Why Invest in ION?

  • Global demand for lithium-ion batteries is rapidly rising.

  • Significant mining of lithium, nickel and cobalt is critical in order to meet this growing demand for batteries.

  • ION offers access to an array of global companies mining these these metals in a single ETF.

Why Invest in ION?

  • Global demand for lithium-ion batteries is rapidly rising.

  • Significant mining of lithium, nickel and cobalt is critical in order to meet this growing demand for batteries.

  • ION offers access to an array of global companies mining these these metals in a single ETF.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

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
ION Market Price 2.10% -7.05% -6.97% -7.05% -19.57% -- -- -- -18.13% 11/29/2022
ION NAV 1.62% -7.19% -7.46% -7.19% -19.91% -- -- -- -18.33% 11/29/2022
S&P Global Core Battery Metals Index 1.56% -7.04% -6.74% -7.04% -18.68% -- -- -- -17.12% --

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 ION
  • Intraday Ticker ION.IV
  • CUSIP 74347G267
  • Inception Date 11/29/22
  • Expense Ratio 0.58%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 3/31/2024
  • Distribution Yield 0.37%

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

  • SEC 30-Day Yield 2.37%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 4/23/2024
  • NAV $29.67
  • NAV Change $-0.26 down caret
  • Market Price $29.71
  • Market Price Change $-0.29 down caret
  • Trading Volume (M) 462
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount
Snapshot
  • Ticker ION
  • Intraday Ticker ION.IV
  • CUSIP 74347G267
  • Inception Date 11/29/22
  • Unitary Expense Ratio 0.58%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 3/31/2024
  • Distribution Yield 0.37%

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

  • SEC 30-Day Yield 2.37%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 4/23/2024
  • NAV $29.67
  • NAV Change $-0.26 down caret
  • Market Price $29.71
  • Market Price Change $-0.29 down caret
  • Trading Volume (M) 462
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

Exposures

Fund as of 4/23/2024

Holdings

as of 4/23/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
8.28% ALTM ARCADIUM LITHIUM PLC -- $184,336.84 46,786 BM9HZ11
4.59% IGO IGO LTD -- $102,051.37 21,975 6439567
4.35% PLS PILBARA MINERALS LTD -- $96,859.82 39,196 B2368L5
3.75% ALB ALBEMARLE CORP -- $83,373.30 730 2046853
3.72% MIN MINERAL RESOURCES LTD -- $82,819.75 1,863 B17ZL56
3.70% 5541 PACIFIC METALS CO LTD -- $82,342.16 9,875 6666343
3.64% SQM QUIMICA Y MINERA CHIL-SP ADR -- $81,114.69 1,811 2771122
3.55% 000762 TIBET MINERAL DEVELOPMENT-A -- $79,027.41 27,800 BD580M1
3.54% INCO VALE INDONESIA TBK -- $78,871.24 294,090 B0217K9
3.44% 002466 TIANQI LITHIUM CORP-A -- $76,618.28 12,300 BD5CKH8
3.36% AMG AMG CRITICAL MATERIALS N.V. -- $74,796.09 3,002 B1Z95S1
3.32% ERA ERAMET -- $73,981.46 918 4017017
3.30% 000792 QINGHAI SALT LAKE INDUSTRY-A -- $73,520.82 31,600 BD5CNB3
3.30% 000408 ZANGGE MINING CO LTD-A -- $73,392.49 18,900 BQ3RQ45
2.99% LUN LUNDIN MINING CORP -- $66,597.01 5,966 2866857
2.90% 8053 SUMITOMO CORP -- $64,510.60 2,627 6858946
2.79% 1772 GANFENG LITHIUM GROUP CO L-H -- $62,049.70 21,850 BZ9NS11
2.67% S32 SOUTH32 LTD -- $59,464.82 27,615 BWSW5D9
2.58% KRR KARORA RESOURCES INC -- $57,345.13 14,065 BK9RML6
2.46% 1258 CHINA NONFERROUS MINING CORP -- $54,709.21 69,137 B890GY2
2.42% FM FIRST QUANTUM MINERALS LTD -- $53,870.98 4,742 2347608
2.11% AAL ANGLO AMERICAN PLC -- $47,039.02 1,790 B1XZS82
2.09% 8015 TOYOTA TSUSHO CORP -- $46,591.55 759 6900580
1.93% GLEN GLENCORE PLC -- $42,918.59 7,359 B4T3BW6
1.90% 2362 JINCHUAN GROUP INTERNATIONAL -- $42,276.56 453,752 6373988
1.88% 603799 ZHEJIANG HUAYOU COBALT CO -A -- $41,742.20 10,700 BFF5BV2
1.77% BHP BHP GROUP LTD -- $39,486.12 1,338 6144690
1.62% 2768 SOJITZ CORP -- $36,009.88 1,441 6594143
1.56% FNV FRANCO-NEVADA CORP -- $34,617.87 290 B29NF31
1.49% ANTM ANEKA TAMBANG TBK -- $33,142.17 308,946 6053859
1.36% VALE VALE SA-SP ADR -- $30,170.91 2,471 2857334
1.23% JRV JERVOIS GLOBAL LTD -- $27,343.17 1,916,237 6473015
1.14% 3993 CMOC GROUP LTD-H -- $25,307.85 28,905 B1VRCG6
1.03% BOL BOLIDEN AB -- $22,858.73 720 BPYTZ57
0.78% ARI AFRICAN RAINBOW MINERALS LTD -- $17,336.69 1,792 6041122
0.74% AMS ANGLO AMERICAN PLATINUM LTD -- $16,555.55 460 6761000
0.66% PKX POSCO HOLDINGS INC -SPON ADR -- $14,796.36 207 2692795
0.50% SSW SIBANYE STILLWATER LTD -- $11,164.70 9,427 BL0L913
0.41% IMP IMPALA PLATINUM HOLDINGS LTD -- $9,196.99 1,969 B1FFT76
0.31% NPH NORTHAM PLATINUM HOLDINGS LT -- $6,909.25 993 BMZ1NS0
0.22% 1618 METALLURGICAL CORP OF CHIN-H -- $4,849.89 25,165 B42SRM0
0.10% 2899 ZIJIN MINING GROUP CO LTD-H -- $2,304.48 1,105 6725299
-- -- NET OTHER ASSETS (LIABILITIES) -- $11,491.35 11,491 --

Index

as of 3/28/2024

  • Total Number of Companies42
  • Price/Earnings Ratio--
  • Price/Book Ratio1.14
  • Dividend Yield ( % )2.75
  • Avg. Index Market Capitalization$13.95 billion
About the Index

The index is composed of companies which derived positive revenue and had positive production value, in aggregate, from the mining of lithium, nickel or cobalt over the previous year, and have a minimum market capitalization of at least $100 million USD, and meet certain liquidity requirements.

Index constituents are ranked based on the ratio of their production value relative to total revenue from all sources.

The index is reconstituted annually in July and reweighted quarterly in January, April, July, and October.

Inception: 6/27/22

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
Get the latest perspectives and updates.

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. 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 Performance.

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.

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 summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Companies engaged in battery metals mining are subject to various risks, including: changes in the supply of and demand for battery metals; price changes resulting from inflation and inflation expectations; supply chain and other disruptions due to changing world events, economic conditions and political risks; currency fluctuations; regulatory and legislative scrutiny of the environmental impact of battery metal mining; and risks associated with the development of mineral deposits.

The index theme may not be the primary driver of company, index or fund performance. Companies in the index may have significant unrelated business lines, which could have a significant negative impact on company, index and fund performance.

Investments in non-U.S. securities may involve risks different from U.S. securities, including 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 emerging markets generally are less liquid, more volatile and riskier than investments in more developed markets and are considered to be speculative.

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.

This ProShares ETF is non-diversified and concentrates its investments in certain sectors. Non-diversified and narrowly focused investments typically exhibit higher volatility.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

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 Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”). Neither MSCI, S&P nor any third party involved in making or compiling GICS or any GICS classifications makes any express or implied warranties or representations with respect thereto (or the results to be obtained by the use thereof).

The "S&P Global Core Battery Metals Index" is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the "S&P Global Core Battery Metals Index" are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

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