ProShares Big Data Refiners ETF (DAT)
About ProShares Big Data Refiners ETF (DAT)
The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index. The Index is designed to measure the performance of companies that provide services related to analytics, software, hardware, and computing infrastructure for managing and extracting information from large structured and unstructured data sets. The Index includes companies in at least one of nine FactSet Revere Business Industry Classification System Sub-Industries (RBICS Sub-Industries) that the index provider has identified as big data related. The nine eligible RBICS Sub-Industries are (1) Business Intelligence Software, (2) Business Intelligence/Data Warehousing Consulting, (3) Customer Service Software, (4) Data Storage Infrastructure Software, (5) Enterprise Middleware Software, (6) Government and Public Service Industry Software, (7) Information Storage Systems, (8) Network Administration Software, and (9) Peripheral and Other Commerce Equipment Makers. Companies in these sub-industries are selected if they receive 75 percent or more of their revenue from one or more of those sub-industries. Selected companies are then weighted based on their market capitalization, subject to a 4.5 percent limit.
Details
ProShares Big Data Refiners ETF News
Details
Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website. Please read the prospectus carefully prior to investing.
Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.