The OND ETF, managed by ProShare Advisors, seeks to replicate the performance of the On-Demand Platforms and Services Index. This index includes companies that offer on-demand access to various lifestyle needs, such as digital media, gaming, fitness, food delivery, ridesharing, and virtual reality experiences. The Index is administered by FactSet Research Systems, Inc. and includes companies that generate at least 75% of their revenue from on-demand-related businesses in 15 eligible sub-industries. The OND ETF employs a replication strategy to closely track the index's performance and may concentrate its investments in industries or regions similar to the index composition.
While the primary focus of the ProShares On-Demand ETF (FDSODMN) is tracking the performance of the On-Demand Index, it also reflects the dividend distribution of the underlying companies. These dividends are typically influenced by the individual dividend policies and performances of the companies within the eligible RBICS Sub-Industries. The Fund generally invests in securities that generate revenue from on-demand related products and services, ensuring that investors can potentially benefit from both capital appreciation and dividend returns as the Index constituents perform.
Tracking the performance of the Index is the primary objective of the OND Tracking ETF managed by ProShare Advisors. This ETF focuses on investing in securities of companies that provide on-demand platforms and services to consumers. The Index comprises companies involved in various on-demand segments, including digital media, egaming, fitness, food delivery, ridesharing, and virtual reality experiences. To be included in the Index, companies must generate at least 75% of their revenue from eligible on-demand-related industries identified by FactSet Research Systems, Inc. The ETF seeks to replicate the Index's returns through a combination of holdings that closely mirror the Index's composition. However, it may also use representative sampling to achieve similar exposure to the Index's characteristics. Please refer to the Fund's Prospectus for more information on its investment objectives, strategies, and associated risks.
The correlation aspect of the ProShares On-Demand Media & Entertainment Index ETF (FDSODMN) is vital in understanding its behavior in relation to the on-demand media and entertainment industry. FDSODMN tracks an index consisting of companies providing on-demand platforms and services, such as digital media, gaming, fitness, food delivery, ridesharing, and virtual reality experiences. Due to its focus on this specific sector, the correlation of FDSODMN with the performance of these on-demand businesses is expected to be strong. Investors seeking exposure to this industry can use FDSODMN as a valuable tool to assess its correlation with other assets and sectors, aiding in making informed investment decisions. For a comprehensive analysis of correlations, investors can leverage ETF Insider's web app, which provides deep insights and visualizations to identify overlaps and trends in the US ETF market.
The ProShares On-Demand Platforms and Services ETF (FDSODMN) primarily focuses on the on-demand sector, tracking the performance of the Index that includes companies providing on-demand platforms and services to consumers. These companies offer access to lifestyle needs such as digital media, egaming, fitness, food delivery, ridesharing, and virtual reality experiences. The Index selects companies based on their revenue generation from eligible on-demand-related sub-industries, with weightings determined by market capitalization, and it is rebalanced semiannually in June and December. This ETF offers investors exposure to the rapidly growing on-demand industry and its various subsectors.
The OND ETF focuses its exposure on companies providing on-demand platforms and services to consumers. This ETF aims to track the performance of the Index, which includes businesses engaged in various on-demand lifestyle needs such as digital media, e-gaming, fitness, food delivery, ridesharing, and virtual reality experiences. The Index selection process is overseen by FactSet Research Systems, Inc., and it comprises companies generating 75% or more of their revenue from eligible on-demand related industries, with weightings based on market capitalization, subject to a maximum weight of 4.5% for any single company. OND Exposure offers investors a unique opportunity to participate in the growth of the on-demand economy.
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