OND
On-Demand ETF
Why Invest in OND?
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The appetite for on-demand experiences has grown. While this may have been accelerated by COVID-19, McKinsey, Forbes, and CB Insights have reported that widespread adoption of streaming services, online grocery shopping and e-gaming may continue.
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Consumers have a plethora of streaming options, and these platforms are capturing eyeballs. This may only be the early stages of growth—a Fortune Business Insights report projected the global market to reach $160 billion by 2027, up from $54 billion in 2019.
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The global ride-sharing market is projected to surge from $86 billion in 2021 to $185 billion in 2026, according to Research and Markets, attributable in part to the increasing costs of car ownership and environmental concerns.
Why Invest in OND?
-
The appetite for on-demand experiences has grown. While this may have been accelerated by COVID-19, McKinsey, Forbes, and CB Insights have reported that widespread adoption of streaming services, online grocery shopping and e-gaming may continue.
-
Consumers have a plethora of streaming options, and these platforms are capturing eyeballs. This may only be the early stages of growth—a Fortune Business Insights report projected the global market to reach $160 billion by 2027, up from $54 billion in 2019.
-
The global ride-sharing market is projected to surge from $86 billion in 2021 to $185 billion in 2026, according to Research and Markets, attributable in part to the increasing costs of car ownership and environmental concerns.
Documents & Downloads
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Performance
Growth of $10,000
Since Inception
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| OND Market Price | 4.51% | 13.05% | 30.04% | 13.05% | 27.27% | -- | -- | -- | -13.63% | 10/26/2021 |
| OND NAV | 4.48% | 13.13% | 29.68% | 13.13% | 27.13% | -- | -- | -- | -13.49% | 10/26/2021 |
| FactSet On-Demand IndexTM | 4.63% | 13.60% | 30.53% | 13.60% | 28.68% | -- | -- | -- | -12.85% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| OND Market Price | 4.51% | 13.05% | 30.04% | 13.05% | 27.27% | -- | -- | -- | -13.63% | 10/26/2021 |
| OND NAV | 4.48% | 13.13% | 29.68% | 13.13% | 27.13% | -- | -- | -- | -13.49% | 10/26/2021 |
| FactSet On-Demand IndexTM | 4.63% | 13.60% | 30.53% | 13.60% | 28.68% | -- | -- | -- | -12.85% | -- |
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 OND
- Intraday Ticker OND.IV
- CUSIP 74347G523
- Inception Date 10/26/21
- Expense Ratio 0.58%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Characteristics
as of 3/31/2024- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield -0.31%
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 4/19/2024- NAV $26.22
- NAV Change $-0.81
- Market Price $26.17
- Market Price Change $-0.73
- Trading Volume (M) 2,627
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Snapshot
- Ticker OND
- Intraday Ticker OND.IV
- CUSIP 74347G523
- Inception Date 10/26/21
- Unitary Expense Ratio 0.58%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Characteristics
as of 3/31/2024- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield -0.31%
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 4/19/2024- NAV $26.22
- NAV Change $-0.81
- Market Price $26.17
- Market Price Change $-0.73
- Trading Volume (M) 2,627
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Exposures
Fund as of 4/19/2024
Holdings
as of 4/19/2024
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 6.86% | NVDA | NVIDIA CORP | -- | $44,958.00 | 59 | 2379504 |
| 6.81% | ZOMATO | ZOMATO LTD | -- | $44,607.65 | 19,680 | BL6P210 |
| 6.40% | SPOT | SPOTIFY TECHNOLOGY SA | -- | $41,926.16 | 152 | BFZ1K46 |
| 5.53% | DASH | DOORDASH INC - A | -- | $36,246.30 | 285 | BN13P03 |
| 5.06% | UBER | UBER TECHNOLOGIES INC | -- | $33,146.80 | 479 | BK6N347 |
| 5.00% | NFLX | NETFLIX INC | -- | $32,747.36 | 59 | 2857817 |
| 4.90% | LYFT | LYFT INC-A | -- | $32,122.35 | 1,989 | BJT1RW7 |
| 4.63% | 259960 | KRAFTON INC | -- | $30,317.94 | 165 | BMBP900 |
| 4.60% | GRAB | GRAB HOLDINGS LTD - CL A | -- | $30,161.50 | 8,950 | BP6NH40 |
| 4.55% | 3690 | MEITUAN-CLASS B | -- | $29,830.67 | 2,452 | BGJW376 |
| 4.36% | CART | MAPLEBEAR INC | -- | $28,606.76 | 812 | BN4L6W3 |
| 4.04% | 9697 | CAPCOM CO LTD | -- | $26,483.13 | 1,646 | 6173694 |
| 3.95% | DHER | DELIVERY HERO SE | -- | $25,859.43 | 864 | BZCNB42 |
| 3.88% | EA | ELECTRONIC ARTS INC | -- | $25,454.00 | 200 | 2310194 |
| 3.73% | TTWO | TAKE-TWO INTERACTIVE SOFTWRE | -- | $24,464.40 | 174 | 2122117 |
| 3.66% | RBLX | ROBLOX CORP -CLASS A | -- | $23,995.86 | 679 | BMWBC20 |
| 3.40% | 9999 | NETEASE INC | -- | $22,258.38 | 1,221 | BM93SF4 |
| 3.32% | SNAP | SNAP INC - A | -- | $21,773.16 | 1,951 | BD8DJ71 |
| 2.95% | 3659 | NEXON CO LTD | -- | $19,367.34 | 1,284 | B63QM77 |
| 2.67% | 9684 | SQUARE ENIX HOLDINGS CO LTD | -- | $17,502.03 | 491 | 6309262 |
| 2.52% | 9626 | BILIBILI INC-CLASS Z | -- | $16,520.22 | 1,518 | BLF8533 |
| 2.37% | TKWY | JUST EAT TAKEAWAY | -- | $15,530.47 | 1,091 | BYQ7HZ6 |
| 1.71% | 036570 | NCSOFT CORP | -- | $11,213.22 | 94 | 6264189 |
| 1.57% | UBI | UBISOFT ENTERTAINMENT | -- | $10,277.26 | 458 | B1L3CS6 |
| 1.41% | AMBA | AMBARELLA INC | -- | $9,222.75 | 225 | B7KH3G6 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $891.71 | 892 | -- |
Index
as of 3/28/2024
- Total Number of Companies25
- Price/Earnings Ratio--
- Price/Book Ratio3.693
- Dividend Yield ( % )0.26
- Avg. Index Market Capitalization$120.45 billion
About the Index
The FactSet On-Demand Index is designed to track the performance of companies that provide platforms and services for on-demand access to lifestyle needs including digital media, e-gaming, fitness, food delivery, ridesharing or virtual reality experiences, as determined by the index methodology.
To be selected for the index, a company must generate at least 75% of its revenue from products or services associated with at least one or more of 15 FactSet Revere Business Industry Classification System Sub-Industries that the index provider has determined are related to on-demand services. If fewer than 25 companies are included in the index, the index provider will reduce the revenue requirement to 50%, and the top 25 companies will be included in the index.
Selected companies are weighted based on market capitalization, subject to a maximum weight of 4.5% for any single company. The index includes U.S., non-U.S. developed, and emerging market companies and is reconstituted and rebalanced semiannually.
Distributions
For
- 2024
- 2023
- 2021
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Calculated by ProShares and includes ridesharing, per Mordor Intelligence, February 2020; Online food delivery per ResearchandMarkets, May 2020; video game software per ResearchandMarkets January 2021; video streaming per Grand View Research, February 2021.
Sources: McKinsey, “The Consumer Demand Recovery and Lasting Effects of COVID-19,” March 2021; PwC, "After a Boom Year in Video Streaming, What Comes Next?" 2021; Fortune Business Insight, "Video On Demand Market Size, Regional Analysis & Growth," November 2020; Research and Markets, "Ride Sharing Market by Type," June 2021; CB Insights January, 2021; strategy + business, May 2021; Forbes, “Post-Pandemic Media Consumption,” June 2021.