CLIX

Fund Description
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.
Fund Profile
Fund Name ProShares Long Online/Short Stores ETF
Fund Exchange Ticker CLIX
Fund Sponsor ProShares
Fund ISIN US74347B3758
Net Expense Ratio 0.65 %
Fund Inception Date 14 November 2017
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Quant Strat
Asset Class Equities (Stocks)
Index Linked Passive
Index Name ProShares Long Online/Short Stores Index
Index Provider ProShare
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 23 November 2022
Asset Under Management 13.20 Million (USD)
1 Month Total Return -3.03 %
Year To Date Return -45.42 %
1 Year Total Return -50.18 %
3 Year Annualized Total Return -13.92 %
NAV 30.3525
Share Outstanding 435,000
Top 10 Holdings (25 November 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Derivatives offset OTHR 0.4090848356
AMAZON.COM INC AMZN EQUI 0.1769134062
ALIBABA GROUP HOLDING-SP ADR BABA EQUI 0.1011012521
Net Other Assets (Liabilities) OTHR 0.0833610265
EBAY INC EBAY EQUI 0.0725951538
ProShares Online Retail Index SWAP BNP Paribas GOLDMAN SACHS INTERNATIONAL SWAP 0.0627004275
SEA LTD-ADR SE EQUI 0.0477195427
PINDUODUO INC-ADR PDD EQUI 0.0467348319
DOORDASH INC - A DASH EQUI 0.0460027090
ETSY INC ETSY EQUI 0.0430582924