ProShares Launches Three New Funds, Expanding Thematic ETF Lineup

Rhea-AI Summary

ProShares has launched three new ETFs: ProShares On-Demand ETF (OND), ProShares Smart Materials ETF (TINT), and ProShares Nanotechnology ETF (TINY), expanding its thematic ETF offerings to 12. CEO Michael L. Sapir emphasized the innovative nature of these funds, which focus on themes in nanotechnology, smart materials, and on-demand platforms. This follows the earlier launch of three other ETFs on September 30, 2021. ProShares manages over $65 billion in assets and is known for its diverse array of investment strategies.

Positive

• Launch of three innovative ETFs expands ProShares' product lineup to 12 thematic ETFs.
• Targeted investment themes include nanotechnology, smart materials, and on-demand platforms.

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- ProShares, a premier provider of ETFs, announced that it has launched three new ETFs: ProShares On-Demand ETF (OND), ProShares Smart Materials ETF (TINT), and ProShares Nanotechnology ETF (TINY). ProShares has launched six thematic ETFs in 2021, doubling its lineup to 12 thematic ETFs in total.

“We are excited to launch a set of truly innovative funds that give investors access to themes previously not available in the areas of nanotechnology, smart materials, and on-demand platforms,” said ProShares CEO Michael L. Sapir. “The future is smaller, smarter, and faster. These latest additions to the ProShares Thematic ETFs lineup provide investors new and efficient ways to access the companies changing how businesses operate, innovate and compete.”

The new ETFs and their indexes are:

ProShares ETF	Ticker	Index
ProShares On-Demand ETF	OND	FactSet On-Demand Index
ProShares Smart Materials ETF	TINT	Solactive Smart Materials Index
ProShares Nanotechnology ETF	TINY	Solactive Nanotechnology Index

On September 30, 2021, ProShares launched three other ETFs targeting business innovations: ProShares S&P Kensho Cleantech ETF (CTEX), ProShares S&P Kensho Smart Factories ETF (MAKX) and ProShares Big Data Refiners ETF (DAT).

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $65 billion in assets. The company is a leader in strategies such as dividend growth, interest rate hedged bond, thematics and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

Important Information

Investing involves risk, including the possible loss of principal. These ProShares ETFs are subject to certain risks, including the risk that the funds may not track the performance of the index and that the funds’ market price may fluctuate, which may decrease performance. There is no guarantee any ProShares ETF will achieve its investment objective.

Investments in these industries are subject to risks associated with a developing industry as well as changing technology and there is no guarantee that these companies will be successful. A more complete discussion of risks is found in the prospectuses.

The index themes 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.

These funds are non-diversified and concentrate their investments in certain sectors. Non-diversified and narrowly focused investments typically exhibit higher volatility.

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.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

The “FactSet Big Data Refiners Index,” "FactSet On-Demand Index" and "FactSet" are trademarks of FactSet Research Systems Inc. The “S&P Kensho Cleantech Index” and “S&P Kensho Smart Factories Index” are products of S&P Dow Jones Indices LLC and its affiliates. “S&P®” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and they have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. “Solactive AG” is a registered trademark of Solactive AG and the “Solactive Nanotechnology Index” and the “Solactive Smart Materials Index” have been licensed for use by ProShare Advisors LLC. All have been licensed for use by ProShares. ProShares have not been passed on by these entities, their subsidiaries or their affiliates as to their legality or suitability. ProShares based on these indexes are not sponsored, endorsed, sold or promoted by these entities and their subsidiaries or affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR SUBSIDIARIES OR AFFILIATES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND BEAR NO LIABILITY WITH RESPECT TO THE INDEXES, PROSHARES, OR THE FUNDS. FactSet Research Systems Inc. does not guarantee the accuracy and/or the completeness of the FactSet On-Demand Index and FactSet Big Data Refiners Index or any data included therein, and FactSet Research Systems Inc. shall have no liability for any errors, omissions, or interruptions therein. Solactive AG uses its best efforts to ensure that their indexes are calculated correctly. Solactive AG has no obligation to point out errors in their indexes to third parties, including but not limited to investors and/or financial intermediaries.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005316/en/

Media

Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com

Investor

ProShares, 866.776.5125, ProShares.com

Source: ProShares

FAQ

What are the new ProShares ETFs launched?

The new ETFs are ProShares On-Demand ETF (OND), ProShares Smart Materials ETF (TINT), and ProShares Nanotechnology ETF (TINY).

When were the new ProShares ETFs announced?

The new ProShares ETFs were announced on October 27, 2021.

What is the focus of the ProShares On-Demand ETF (OND)?

The ProShares On-Demand ETF (OND) focuses on innovative platforms and companies in the on-demand economy.

How many thematic ETFs does ProShares now offer?

With the new additions, ProShares now offers a total of 12 thematic ETFs.

What is the asset management size of ProShares?

ProShares manages over $65 billion in assets.