OND

On-Demand ETF

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.

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.

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
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 2/29/2024
  • Distribution Yield 2.88%

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

  • SEC 30-Day Yield -0.19%

    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 4/11/2024
  • NAV $28.51
  • NAV Change $+0.18 up caret
  • Market Price $28.38
  • Market Price Change $+0.30 up caret
  • Trading Volume (M) 145
  • 30-Day Median Bid Ask Spread 0.47%
  • 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 2/29/2024
  • Distribution Yield 2.88%

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

  • SEC 30-Day Yield -0.19%

    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 4/11/2024
  • NAV $28.51
  • NAV Change $+0.18 up caret
  • Market Price $28.38
  • Market Price Change $+0.30 up caret
  • Trading Volume (M) 145
  • 30-Day Median Bid Ask Spread 0.47%
  • View Premium / Discount

Exposures

Fund as of 4/11/2024

Holdings

as of 4/11/2024

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
7.50% NVDA NVIDIA CORP -- $53,463.44 59 2379504
6.54% ZOMATO ZOMATO LTD -- $46,577.22 19,680 BL6P210
6.47% SPOT SPOTIFY TECHNOLOGY SA -- $46,142.64 152 BFZ1K46
5.64% DASH DOORDASH INC - A -- $40,170.75 285 BN13P03
5.45% LYFT LYFT INC-A -- $38,825.28 1,989 BJT1RW7
5.21% NFLX NETFLIX INC -- $37,098.02 59 2857817
5.12% UBER UBER TECHNOLOGIES INC -- $36,490.22 479 BK6N347
4.59% 3690 MEITUAN-CLASS B -- $32,690.62 2,452 BGJW376
4.40% CART MAPLEBEAR INC -- $31,326.96 812 BN4L6W3
4.26% GRAB GRAB HOLDINGS LTD - CL A -- $30,340.50 8,950 BP6NH40
4.20% 259960 KRAFTON INC -- $29,937.32 165 BMBP900
4.14% DHER DELIVERY HERO SE -- $29,511.10 864 BZCNB42
4.00% 9697 CAPCOM CO LTD -- $28,504.88 1,646 6173694
3.74% RBLX ROBLOX CORP -CLASS A -- $26,657.54 679 BMWBC20
3.70% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $26,333.16 174 2122117
3.63% EA ELECTRONIC ARTS INC -- $25,836.00 200 2310194
3.37% 9999 NETEASE INC -- $23,989.59 1,221 BM93SF4
3.11% SNAP SNAP INC - A -- $22,163.36 1,951 BD8DJ71
2.84% 3659 NEXON CO LTD -- $20,228.92 1,284 B63QM77
2.57% 9626 BILIBILI INC-CLASS Z -- $18,350.06 1,518 BLF8533
2.45% 9684 SQUARE ENIX HOLDINGS CO LTD -- $17,467.39 491 6309262
2.37% TKWY JUST EAT TAKEAWAY -- $16,865.04 1,091 BYQ7HZ6
1.72% 036570 NCSOFT CORP -- $12,252.18 94 6264189
1.51% AMBA AMBARELLA INC -- $10,743.75 225 B7KH3G6
1.42% UBI UBISOFT ENTERTAINMENT -- $10,111.36 458 B1L3CS6
-- -- NET OTHER ASSETS (LIABILITIES) -- $582.53 583 --

Index

as of 12/29/2023

  • Total Number of Companies25
  • Price/Earnings Ratio--
  • Price/Book Ratio3.268
  • Dividend Yield ( % )0.33
  • Avg. Index Market Capitalization$75.65 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

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.

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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 on demand technology are subject to risks associated with a developing industry and there is no guarantee that these companies will be successful.

This fund may be subject to additional risks associated with the media and entertainment and retailing industries. A more complete discussion of risks is found in the prospectus.

These companies may have limited product lines, markets, and resources. Such companies are subject to risks such as changing consumer preferences and product obsolescence; intense competition; impairment of intellectual property rights; evolving industry standards and regulations; cybersecurity attacks or other data breaches; and security and privacy failures or constraints. 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 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.

This fund may include securities of issuers in China, which are subject to risks associated with emerging markets, as well as additional risks.

The "FactSet On-Demand Index" and "FactSet" are trademarks of FactSet Research Systems Inc. and have been licensed for use by ProShare Advisors LLC. ProShares Advisors LLC have not been passed on by these entities or their affiliates as to their legality or suitability. ProShares Advisors LLC based on the FactSet On-Demand Index are not sponsored, endorsed, sold, or promoted by FactSet Research Systems Inc., and it makes no representation regarding the advisability of investing in ProShares Advisors LLC. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES ADVISORS LLC. FactSet Research Systems Inc. does not guarantee the accuracy and/or the completeness of the FactSet On-Demand Index or any data included therein, and FactSet Research Systems Inc. shall have no liability for any errors, omissions, or interruptions therein.

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

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