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EMTY

Decline of the Retail Store ETF

Investment Objective

ProShares Decline of the Retail Store ETF seeks capital appreciation from the decline of bricks-and-mortar retailers through short exposure (-1x) to the Solactive-ProShares Bricks and Mortar Retail Store Index.

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Important Considerations

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to -1x the daily performance of its underlying benchmark (the “Daily Target”).

While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance.

For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target.

The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Common uses for inverse exposure

  • Seek to profit from a market decline

  • Help to hedge against an expected decline

  • Underweight exposure to a market segment

Documents & Downloads
Fund Fact Sheet
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Annual Report
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Semi Annual Report
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Fund Profile
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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

30 Day Daily Return

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 9/30/2024
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EMTY Market Price -3.66% -2.89% 1.97% -4.00% -17.76% -4.39% -16.94% -- -13.67% 11/14/2017
EMTY NAV -3.56% -2.45% 1.99% -3.92% -17.59% -4.37% -16.94% -- -13.66% 11/14/2017

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
    EMTY
  • Intraday Ticker
    EMTY.IV
  • CUSIP
    74347B367
  • Inception Date
    11/14/17
  • Expense Ratio
    0.65%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 11/13/2024
  • NAV
    $13.21
  • NAV Change
    $-0.01 down caret
  • Market Price
    $13.21
  • Market Price Change
    $-0.02 down caret
  • Trading Volume (M)
    6,519
  • 30-Day Median Bid Ask Spread
    0.29%
  • View Premium / Discount
Snapshot
  • Ticker
    EMTY
  • Intraday Ticker
    EMTY.IV
  • CUSIP
    74347B367
  • Inception Date
    11/14/17
  • Expense Ratio
    0.65%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 11/13/2024
  • NAV
    $13.21
  • NAV Change
    $-0.01 down caret
  • Market Price
    $13.21
  • Market Price Change
    $-0.02 down caret
  • Trading Volume (M)
    6,519
  • 30-Day Median Bid Ask Spread
    0.29%
  • View Premium / Discount

Exposures

Holdings

as of 11/13/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
-- -- TREASURY BILL -- $2,098,187.01 2,100,000 BPZRNQ7
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,865,425.69 1,865,426 --
-4.76% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP GOLDMAN SACHS INTERNATIONAL -188,724 -- -110 --
-18.27% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP SOCIETE GENERALE -724,013 -- -422 --
-32.38% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP UBS AG -1,283,321 -- -748 --
-44.54% -- SOLACTIVE-PROSHARES B&M RETAIL INDEX SWAP BNP PARIBAS -1,765,424 -- -1,029 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/30/2024

  • Total Number of Companies37
  • Price/Earnings Ratio15.647
  • Price/Book Ratio3.818
  • Dividend Yield ( % )--
  • Avg. Index Market Capitalization$62.89 billion
About the Index

The Solactive-ProShares Bricks and Mortar Retail Store Index is designed to measure the performance of publicly traded U.S. "bricks and mortar" retail companies whose retail revenue is derived principally from in-store sales. The Index seeks to identify companies who face threats from ongoing trends, such as the growth of online shopping and markets oversaturated with stores.

Distributions

For

2024
  • 2024
  • 2023
  • 2022
  • 2020
  • 2019
  • 2018
  • 2017
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

E-Commerce’s Inflationary Advantage in a Post-Lockdown Era

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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.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to -1x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

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. Short ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks rise. Please see their summary and full prospectuses for a more complete description of risks.

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.

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.

Retail revenue information in the Solactive-ProShares Bricks and Mortar Retail Store Index is based on Kantar Retail LLC data.

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.

"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. The fund is not sponsored, endorsed, sold, or promoted by Solactive AG and they make no representation regarding the legality or suitability of the fund, or the advisability of investing in the fund. SOLACTIVE AG AND ITS AFFILIATES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND BEAR NO LIABILITY WITH RESPECT TO THE INDEXES, PROSHARES, OR THE FUND. Solactive AG uses its best efforts to ensure that the index is calculated correctly. Solactive AG has no obligation to point out errors in the index to third parties, including but not limited to investors and/or financial intermediaries.

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

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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