MAKX

S&P Kensho Smart Factories ETF

Why Invest in MAKX?

  • United Nations projections indicate the potential for a labor shortage in the world’s largest economies. Automating manufacturing with robotics and data processing capabilities could help businesses meet manufacturing demands.

  • The adoption of smart factory technology could help companies improve control and visibility across their operations. A 2020 global survey found that 24% of manufacturers have already implemented smart manufacturing initiatives and more than 50% were planning to move in that direction.

  • Evolving technology, increasingly complex supply chains, and the forces of globalization are bolstering the growth of smart factories. The global market is projected to grow from $80 billion in 2021 to $135 billion in 2026, according to a 2021 MarketsandMarkets report.

How to buy
View all Fund detail sections

Why Invest in MAKX?

  • United Nations projections indicate the potential for a labor shortage in the world’s largest economies. Automating manufacturing with robotics and data processing capabilities could help businesses meet manufacturing demands.

  • The adoption of smart factory technology could help companies improve control and visibility across their operations. A 2020 global survey found that 24% of manufacturers have already implemented smart manufacturing initiatives and more than 50% were planning to move in that direction.

  • Evolving technology, increasingly complex supply chains, and the forces of globalization are bolstering the growth of smart factories. The global market is projected to grow from $80 billion in 2021 to $135 billion in 2026, according to a 2021 MarketsandMarkets report.

How to buy

Investment Objective

ProShares S&P Kensho Smart Factories ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Smart Factories Index.

Documents & Downloads
Fund Fact Sheet
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Semi Annual Report
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Annual Report
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NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

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

Month-End Total Returns as of 10/31/2023
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
MAKX Market Price -10.20% -22.31% -6.72% -1.60% 0.24% -- -- -- -12.84% 09/29/2021
MAKX NAV -10.23% -22.39% -6.75% -1.63% 0.18% -- -- -- -12.85% 09/29/2021
S&P Kensho Smart Factories Index -10.21% -22.43% -6.83% -1.48% 0.34% -- -- -- -12.49% --

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 MAKX
  • Intraday Ticker MAKX.IV
  • CUSIP 74347G481
  • Inception Date 9/29/21
  • Expense Ratio 0.58%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 10/31/2023
  • Distribution Yield 0.82%

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

  • SEC 30-Day Yield 0.29%

    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 12/05/2023
  • NAV $34.62
  • NAV Change $-0.49 down caret
  • Market Price $34.61
  • Market Price Change $-0.50 down caret
  • Trading Volume (M) 145
  • 30-Day Median Bid Ask Spread 0.51%
  • View Premium / Discount
Snapshot
  • Ticker MAKX
  • Intraday Ticker MAKX.IV
  • CUSIP 74347G481
  • Inception Date 9/29/21
  • Unitary Expense Ratio 0.58%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 10/31/2023
  • Distribution Yield 0.82%

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

  • SEC 30-Day Yield 0.29%

    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 12/05/2023
  • NAV $34.62
  • NAV Change $-0.49 down caret
  • Market Price $34.61
  • Market Price Change $-0.50 down caret
  • Trading Volume (M) 145
  • 30-Day Median Bid Ask Spread 0.51%
  • View Premium / Discount

Exposures

Fund as of 12/05/2023

Holdings

as of 12/05/2023

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
5.86% DDD 3D SYSTEMS CORP -- $50,758.88 8,968 2889768
5.25% AZPN ASPEN TECHNOLOGY INC -- $45,441.99 233 BP2V812
4.99% AI C3.AI INC-A -- $43,211.90 1,438 BMGNBJ2
4.80% ROK ROCKWELL AUTOMATION INC -- $41,525.00 151 2754060
4.79% ADSK AUTODESK INC -- $41,444.60 188 2065159
4.68% SKM SK TELECOM CO LTD-SPON ADR -- $40,531.72 1,873 BMCNGB3
4.67% EMR EMERSON ELECTRIC CO -- $40,464.30 458 2313405
4.67% HOLI HOLLYSYS AUTOMATION TECHNOLO -- $40,400.85 1,765 B0JCH50
4.66% CGNX COGNEX CORP -- $40,313.52 1,062 2208288
4.10% OUST OUSTER INC -- $35,453.04 6,286 BMHVMY7
3.89% PATH UIPATH INC - CLASS A -- $33,649.88 1,364 BMD02L5
3.21% GLOB GLOBANT SA -- $27,800.64 126 BP40HF4
3.07% AMBA AMBARELLA INC -- $26,530.92 468 B7KH3G6
3.06% ZBRA ZEBRA TECHNOLOGIES CORP-CL A -- $26,482.68 113 2989356
3.02% SAP SAP SE-SPONSORED ADR -- $26,135.04 164 2775135
3.02% TSEM TOWER SEMICONDUCTOR LTD -- $26,122.88 952 2898173
2.92% ON ON SEMICONDUCTOR -- $25,298.00 350 2583576
2.91% DOV DOVER CORP -- $25,162.08 178 2278407
2.90% PTC PTC INC -- $25,075.44 156 B95N910
2.85% SSYS STRATASYS LTD -- $24,696.30 2,155 B7WD7D7
2.85% SANM SANMINA CORP -- $24,690.88 496 B92RRW2
2.80% AIT APPLIED INDUSTRIAL TECH INC -- $24,216.78 147 2086309
2.79% AMD ADVANCED MICRO DEVICES -- $24,149.52 204 2007849
2.76% FARO FARO TECHNOLOGIES INC -- $23,896.48 1,282 2106661
2.74% PKX POSCO HOLDINGS INC -SPON ADR -- $23,680.23 267 2692795
2.74% AMAT APPLIED MATERIALS INC -- $23,676.30 162 2046552
1.88% ALNT ALLIENT INC -- $16,305.38 578 2414717
1.78% TKC TURKCELL ILETISIM HIZMET-ADR -- $15,375.69 3,069 2801687
-- -- NET OTHER ASSETS (LIABILITIES) -- $3,107.06 3,107 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/29/2023

  • Total Number of Companies29
  • Price/Earnings Ratio27.363
  • Price/Book Ratio2.115
  • Dividend Yield ( % )0.70
  • Avg. Index Market Capitalization$26.67 billion
About the Index

The S&P Kensho Smart Factories Index is designed to track the performance of companies that produce the technology empowering digitalized factories to improve manufacturing processes through self-optimization, as determined by the index methodology.

To be selected for the index, a company must produce products and services that enable factory digitalization, as identified by the index provider’s automated scan of recent company-issued filings.

The Index Provider categorizes selected companies as “Core” if factory digitalization products or services are determined to be principal business strategy components. All other selected companies are categorized as “Non-Core”. Securities are equal weighted within each category: Core securities are overweighted relative to Non-Core securities in the Index. The index includes U.S., non-U.S. developed and emerging market companies and is reconstituted annually and rebalanced semi-annually.

Distributions

For

2023
  • 2023
  • 2022
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

 

 

Sources: United Nations, Department of Economic and Social Affairs, August 2019; Plex Systems, State of Manufacturing Technology Report, 2020; MarketsandMarkets, Smart Factory Market Size Global Forecast 2026, 2021

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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 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.

Investments in smart factory technology are subject to risks associated with a developing industry and there is no guarantee that these companies will be successful.

Smart factory technology companies may have limited product lines, markets, and resources. Such companies are subject to risks such as rapid changes in technology; intense competition; impairment of intellectual property rights; changing consumer preferences and product obsolescence; evolving industry standards and regulations; security and privacy failures or constraints; dependence on third-party vendors; disruptions of access or systems; ability to deploy or integrate at scale; and the impact of research and development costs. 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.

This fund may be subject to risks associated with the semiconductor and semiconductor equipment industry as well as the capital goods industry. A more complete discussion of risks is found in the prospectus.

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

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.

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 "S&P Kensho Smart Factories 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 Kensho Smart Factories 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.

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

ProShares are distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with the funds' advisor or sponsor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.

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