CLIX ETF Profile

Family:	ProShares
Name:	ProShares Long Online/Short Stores ETF

Inception Date:	14-Nov-2017
Termination Date:
Investment Objective:	E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. As popular as they may seem now, online retailers like Amazon and Alibaba only account for about 10% of global retail sales, leaving tremendous room for growth. Physical retailers are under immense pressure. Sales have been declining and profit margins are approaching lows not seen since the recession. Over 30 major retailers have declared bankruptcy in the past three years, and longstanding names like J.C. Penney and Macys are struggling to remain viable. CLIX combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on physical stores. Investors have the opportunity to benefit from both outperforming online and underperforming physical retailers. The long/short structure also reduces equity market exposure and potentially results in less volatility than long-only equity strategies.

Prospectus

Top 10 Holdings
Derivatives offset		34.8574%
Solactive-ProShares B&M Retail Index SWAP BNP Paribas		-30.4706%
AMAZON.COM INC	AMZN	19.9497%
Net Other Assets (Liabilities)		17.1308%
Solactive-ProShares B&M Retail Index SWAP Societe Generale		-16.8166%
ProShares Online Retail Index SWAP Societe Generale		12.5273%
EBAY INC	EBAY	9.1423%
PDD HOLDINGS INC	PDD	7.3370%
ALIBABA GROUP HOLDING-SP ADR	BABA	6.2893%
COUPANG INC	CPNG	3.8589%
	Top 10 Holdings Weight:	63.8%