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 Macy s 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 Leveraged / Inverse
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 22 January 2019
Asset Under Management 43.78 Million (USD)
1 Month Total Return 7.13 %
Year To Date Return 7.23 %
1 Year Total Return 8.32 %
3 Year Annualized Total Return
NAV 44.9
Share Outstanding 975,000
Top 10 Holdings (23 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
BLUE APRON HOLDINGS INC-A APRN EQUI
Net Other Assets / Cash CASH
PETMED EXPRESS INC PETS EQUI
OVERSTOCK.COM INC OSTK EQUI
LANDS' END INC LE EQUI
1-800-FLOWERS.COM INC-CL A FLWS EQUI
DULUTH HOLDINGS INC - CL B DLTH EQUI
STITCH FIX INC-CLASS A SFIX EQUI
MERCADOLIBRE INC MELI EQUI
JD.COM INC-ADR JD EQUI