Sources: U.S. Department of Commerce, November 2020; Bloomberg.
Fund allocations as of 12/31/2020: ONLN: Fiverr International Ltd 0.88%, Overstock.com Inc 2.65%, Farfetch Ltd 2.42%, Pinduoduo Inc 2.46%, Etsy Inc 5.40%, Magnite Inc 4.45%, Chewy Inc 5.59%, MercadoLibre Inc 2.32%, Quarte Retail Inc 4.02%, Wayfair Inc 3.90%, JD.com Inc 1.95%, Stamps.com Inc 4.59%, Stitch Fix Inc 4.61%, Dada Nexus Ltd 1.05%, Amazon.com 23.28%, Walmart 0%. CLIX long side exposure: Fiverr International Ltd 0.87%, Overstock.com Inc 2.65%, Farfetch Ltd 2.41%, Pinduoduo Inc 2.45%, Etsy Inc 5.39%, Magnite Inc 4.44%, Chewy Inc 5.57%, MercadoLibre Inc 2.31%, Quarte Retail Inc 4.01%, Wayfair Inc 3.89%, JD.com Inc 1.94%, Stamps.com Inc 4.58%, Stitch Fix Inc 4.60%, Dada Nexus Ltd 1.05%, Amazon.com 23.23%. CLIX short side exposure: Walmart 2.09%. EMTY: 2.09% to Walmart and 0% to Fiverr International Ltd, Overstock.com Inc, Farfetch Ltd, Pinduoduo Inc, Etsy Inc, Magnite Inc, Chewy Inc, MercadoLibre Inc, Quarte Retail Inc, Wayfair Inc, JD.com Inc, Stamps.com Inc, Stitch Fix Inc, Dada Nexus Ltd, and Amazon.com.
Holdings are subject to change. Please visit ProShares.com for the most up to date information.
Any forward-looking statements herein are based on expectations of ProShare Advisors LLC at this time. ProShare Advisors LLC undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investing is currently subject to additional risks and uncertainties related to COVID-19, including economic, market and business conditions; changes in laws or regulations or other actions made by governmental authorities or regulatory bodies; and world economic and political developments.
ProShares EMTY seeks a return that is -1x the return of an index (target)
for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, EMTY's returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.
Investing involves risk, including the possible loss of principal. These ProShares ETFs are non-diversified and entail certain risks, which may include risks associated with the use of derivatives (such as swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance.
EMTY seeks short exposure and should lose money when its index rises. CLIX’s short positions are not intended to hedge the portfolio in market downturns, but rather to allow stocks with unfavorable outlooks to contribute to performance. Short positions lose value as security prices increase.
Investments in the consumer discretionary and retailing industries are subject to risks such as changes in domestic and international economies, interest rates, competition and consumer confidence; disposable household income; consumer tastes and preferences; intense competition; changing demographics; marketing and public perception; and dependence on third-party suppliers and distribution systems. Investments in smaller companies typically exhibit higher volatility.
Smaller company stocks also may trade at greater spreads or lower trading volumes, and may be less liquid than stocks of larger companies.
ONLN and CLIX invest in international investments, which 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. In emerging markets, many risks are heightened, and lower trading volumes may occur. 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.
"Solactive AG," a registered trademark of Solactive AG, and the Solactive-ProShares Bricks and Mortar Retail Store Index have been licensed for use by ProShare Advisors LLC. Solactive AG serves as index calculation agent for the ProShares Long Online/Short Stores Index, ProShares Online Retail Index and Solactive-ProShares Bricks and Mortar Retail Store Index, and performs routine daily calculations and maintenance (e.g., reconstitution, rebalancing, and corporate actions). Solactive AG uses its best efforts to ensure that these indexes are calculated correctly. Solactive AG has no obligation to point out errors in the indexes to third parties, including but not limited to investors and/or financial intermediaries. Neither the ProShares Decline of the Retail Store ETF ("EMTY") nor the ProShares Long Online/Short Stores ETF (CLIX) are sponsored, endorsed, sold, or promoted by Solactive AG and they make no representation regarding the legality or suitability of the funds, or the advisability of investing in the funds. SOLACTIVE AG AND ITS AFFILIATES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND BEAR NO LIABILITY WITH RESPECT TO THE INDEXES, PROSHARES, OR THE FUNDS.
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.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.