Decline of the Retail Store ETF  - EMTY Decline of the Retail Store ETF

ProShares Decline of the Retail Store ETF seeks capital appreciation from the decline of bricks and mortar retailers through short exposure (-1x) to the Solactive-ProShares Bricks and Mortar Retail Store Index.

  • EMTY is the first ETF specifically designed to benefit from the decline of bricks and mortar retailers.
  • Physical retailers are under immense pressure. E-commerce is threatening to take over retail as consumer habits change, shopping moves online, and physical stores struggle to remain viable. With this disruption comes opportunity.
  • The Solactive-ProShares Bricks and Mortar Retail Store Index is the first comprehensive, public securities index composed solely of traditional retailers, and is positioned to potentially become an industry standard for measuring the health of bricks and mortar retailers.

This ProShares ETF seeks a return that is -1x the return of the index (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, the fund’s returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

  • Learn More about ProShares Retail Disruption ETFs.
  • Watch The Street interview with Simeon Hyman for more about the secular decline of bricks-and-mortar retailers.

Index/Benchmark Summary

To be included in the Solactive-ProShares Bricks and Mortar Retail Store Index, a retailer must be characterized as receiving at least 50% of its revenue from retail operations; receive 75% or more of its retail revenues from in-store sales; and be a U.S. company. In addition, a retailer must have a market capitalization of at least $500 million, a six-month daily average value traded of at least $1 million, and meet other requirements. The index is rebalanced monthly and reconstituted annually.

Click here to learn more about the index.

Fundamentals as of 10/31/17

Total Number of Companies 56
Price/Earnings Ratio 13.67
Price/Book Ratio 2.22
Average Index Market Capitalization $18.3 billion

Index Holdings Information as of 10/31/17

Index Companies Weight
Burlington Stores Inc 1.79%
Walgreens Boots Alliance Inc 1.79%
Best Buy Co Inc 1.79%
Five Below Inc 1.79%
Tractor Supply Co 1.79%
Rite Aid Corp 1.79%
Express Inc 1.79%
Dillard's Inc 1.79%
Lowe's Cos Inc 1.79%
Ulta Beauty Inc 1.79%
Tailored Brands Inc 1.79%
DSW Inc 1.79%
Ethan Allen Interiors Inc 1.79%
Children's Place Inc/The 1.79%
Kroger Co/The 1.79%
Sprouts Farmers Market Inc 1.79%
Macy's Inc 1.79%
Conn's Inc 1.79%
Target Corp 1.79%
TJX Cos Inc/The 1.79%
Genesco Inc 1.79%
Finish Line Inc/The 1.79%
Dollar General Corp 1.79%
Chico's FAS Inc 1.79%
Big Lots Inc 1.79%
Barnes & Noble Inc 1.79%
JC Penney Co Inc 1.79%
Signet Jewelers Ltd 1.79%
Sally Beauty Holdings Inc 1.79%
Buckle Inc/The 1.79%
GNC Holdings Inc 1.79%
Office Depot Inc 1.79%
Kohl's Corp 1.79%
Ross Stores Inc 1.79%
Bed Bath & Beyond Inc 1.79%
Gap Inc/The 1.79%
Dollar Tree Inc 1.79%
Costco Wholesale Corp 1.79%
Nordstrom Inc 1.79%
Michaels Cos Inc/The 1.79%
Weis Markets Inc 1.79%
AutoZone Inc 1.79%
Wal-Mart Stores Inc 1.79%
GameStop Corp 1.79%
Sherwin-Williams Co/The 1.79%
Smart & Final Stores Inc 1.79%
Dick's Sporting Goods Inc 1.79%
Sears Holdings Corp 1.79%
Caleres Inc 1.79%
Tiffany & Co 1.79%
American Eagle Outfitters Inc 1.79%
Lumber Liquidators Holdings Inc 1.79%
Home Depot Inc/The 1.79%
L Brands Inc 1.79%
SUPERVALU Inc 1.79%
Foot Locker Inc 1.79%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Sector Weightings § Weight
Apparel 28.57%
Department Stores 10.71%
Electronics Specialist 5.36%
Supermarket 5.36%
Jewelry Specialist 3.57%
Drugstore 3.57%
Health and Beauty Specialist 3.57%
Flooring and Home Design 3.57%
Home Improvement DIY 3.57%
Convenience Discounter 3.57%

§ Sum of weightings may not equal 100% due to rounding.