Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
ProShares Metaverse ETF
ETF
VERS
Payout Change
Pending
Price as of:
$38.9319
+0.03
+0.09%
primary theme
N/A
VERS (ETF)
ProShares Metaverse ETF
Payout Change
Pending
Price as of:
$38.9319
+0.03
+0.09%
primary theme
N/A
VERS (ETF)
ProShares Metaverse ETF
Payout Change
Pending
Price as of:
$38.9319
+0.03
+0.09%
primary theme
N/A
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-7.8%
1 yr return
24.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$5.38 M
Holdings in Top 10
45.8%
52 WEEK LOW AND HIGH
$38.9
$31.16
$42.92
Expenses
OPERATING FEES
Expense Ratio 0.58%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VERS - Profile
Distributions
- YTD Total Return -7.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameProShares Metaverse ETF
-
Fund Family NameProShares Trust
-
Inception DateMar 17, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Neches
Fund Description
The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index.The Index consists of companies that provide innovative technologies to offer products and services around the Metaverse. “Metaverse” is a term used to refer to a “digital world” or a future iteration of the internet. The Metaverse is characterized by virtual worlds that create a simulated environment – as well as augmented reality where the real-world environment is enhanced by computer generated sensory information. The Metaverse is expected to allow people to engage in new ways, such as through internet-based interactions, on-line gaming, and transactions. The Metaverse is enabled by several connected technologies such as virtual and augmented reality, digital environments, artificial intelligence and advanced computing. The Index is constructed and maintained by Solactive AG (the “Index Provider”).The Index includes companies exposed to the Metaverse industry through involvement in one or more of the following product or service areas:•Metaverse Technology: Produces technology, infrastructure or hardware used to develop or operate in the Metaverse, including technologies for virtual and augmented reality.•Metaverse Platforms: Provides or develops non-physical, virtual environment or digital worlds where users and businesses can interact through virtual technologies. This includes platforms and services that facilitate virtual marketplaces and social network platforms.•Metaverse Devices: Produces devices used to access or interact with the Metaverse. This includes the production of wearable devices and specialized visuals and audio or gaming equipment used for interacting in virtual and augmented reality.•Interchange Standards: Develops and distributes tools, formats, services and engines that facilitates the creation of the Metaverse by setting actual standards that provide a common set of operating principles, language or expectations that allow for the creation, operation and ongoing improvement to the Metaverse. For example, language that can be downloaded and displayed using any browser or graphics.•Data Processing: Provides computing power to support the Metaverse. This includes high-intensity data processing services such as rendering, data matching and synchronization or motion capturing.At each Index reconstitution, the Index Provider uses an automated scan of company filings and other public information in search of terms and phrases which the Index Provider believes will identify companies that have or are expected to have significant exposure to the provision of products and/or services that contribute to the Metaverse industry. Each company identified receives a score, as determined by the automated scan, that reflects its exposure to the Metaverse industry. The Index Provider then reviews each company and excludes any company that does not have relevant business exposure. The remaining companies are then ranked based on the assigned score. Companies are only eligible for inclusion into the Index if they generate at least 50% of their revenues from Metaverse-related business operations. The 40 companies ranked highest are selected into the Index, subject to certain turnover requirements.Selected companies are weighted using a modified equal-weight approach, with companies having relatively higher scores receiving additional weight. The 10 largest companies, by market capitalization, also receive additional weight in the index. The final weight for any single company (“weight cap”) is limited to 4.5%The Index consists of companies that are listed on the New York Stock Exchange or The Nasdaq Stock Market and meet a market capitalization of at least $100 million and certain liquidity requirements. Companies in the following FactSet Industries are excluded from the index: (1) Major Pharmaceuticals, (2) Other Pharmaceuticals, (3) Original Equipment Manufacturer Auto Parts, (4) Major Telecommunications, (5) Specialty Telecommunications, (6) Wireless Telecommunications, and (7) Food Retail. The Index is reconstituted and rebalanced semiannually in June and December. The 4.5% weight cap is applied at each semiannual rebalance as well as each calendar month other than June and December. With this adjustment, the Index Provider applies the weight cap for each Index constituent by re-distributing any weight larger than 4.5% to other Index constituents on a proportional basis. Security weights are allowed to fluctuate between rebalance dates. The Index is published under the Bloomberg ticker symbol “SOMETAV.”Under normal circumstances, the Fund will invest at least 80% of its total assets in component securities of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.•Equity Securities — Common stock issued by public companies.ProShare Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective. The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. The Fund will generally use a “replication strategy” to achieve its investment objective, meaning that it will invest in all of the component securities of the Index in approximately the same proportion as the Index. However, the Fund may also use a “representative sampling” strategy to invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of the Index. For example, the Fund may utilize a representative sampling strategy when the Advisor believes a replication strategy might be detrimental or disadvantageous to shareholders, such as when buying each security in an Index is impracticable or inefficient, or when there are practical difficulties or additional costs involved in replicating an Index. The Fund also may use representative sampling if the Advisor believes one or more securities in the Index becomes illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to theFund.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
Read More
VERS - Performance
Return Ranking - Trailing
| Period | VERS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.8% | -38.5% | 31.2% | N/A |
| 1 Yr | 24.7% | -67.1% | 39.2% | N/A |
| 3 Yr | N/A* | -40.8% | 30.6% | N/A |
| 5 Yr | N/A* | -33.3% | 22.3% | N/A |
| 10 Yr | N/A* | -16.3% | 23.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | VERS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 50.1% | -73.9% | 35.7% | N/A |
| 2022 | N/A | -25.6% | 73.1% | 66.52% |
| 2021 | N/A | -97.5% | 60.0% | 100.00% |
| 2020 | N/A | -24.7% | 44.9% | 100.00% |
| 2019 | N/A | -22.9% | 38.5% | 100.00% |
Total Return Ranking - Trailing
| Period | VERS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.8% | -75.9% | 954.2% | N/A |
| 1 Yr | 24.7% | -67.1% | 66.6% | N/A |
| 3 Yr | N/A* | -40.8% | 30.6% | N/A |
| 5 Yr | N/A* | -33.3% | 30.0% | N/A |
| 10 Yr | N/A* | -16.3% | 23.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | VERS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 51.2% | -73.9% | 35.7% | N/A |
| 2022 | N/A | -25.6% | 73.1% | 66.52% |
| 2021 | N/A | -97.5% | 60.0% | 100.00% |
| 2020 | N/A | -24.7% | 44.9% | 100.00% |
| 2019 | N/A | -22.9% | 43.6% | 100.00% |
VERS - Holdings
Concentration Analysis
| VERS | Category Low | Category High | VERS % Rank | |
|---|---|---|---|---|
| Net Assets | 5.38 M | 863 K | 50.4 B | 88.50% |
| Number of Holdings | 40 | 1 | 470 | 68.81% |
| Net Assets in Top 10 | 2.98 M | 0 | 30.3 B | 85.85% |
| Weighting of Top 10 | 45.78% | 7.6% | 100.0% | 59.68% |
Top 10 Holdings
- Snap, Inc., Class A 5.49%
- QUALCOMM, Inc. 4.59%
- Microsoft Corp. 4.57%
- Apple, Inc. 4.55%
- fuboTV, Inc. 4.52%
- Amazon.com, Inc. 4.49%
- INVESCO GOVERNMENT AGENCY PORTFOLIO OPEN-END FUND USD 4.46%
- Meta Platforms, Inc., Class A 4.41%
- PTC, Inc. 4.36%
- NVIDIA Corp. 4.34%
Asset Allocation
| Weighting | Return Low | Return High | VERS % Rank | |
|---|---|---|---|---|
| Stocks | 99.86% | 0.00% | 100.53% | 39.23% |
| Cash | 4.46% | -0.53% | 100.00% | 79.42% |
| Preferred Stocks | 0.00% | 0.00% | 2.84% | 10.29% |
| Other | 0.00% | -1.08% | 26.87% | 12.54% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 7.72% |
| Bonds | 0.00% | 0.00% | 4.72% | 8.04% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VERS % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 6.27% | 8.06% |
| Technology | 0.00% | 2.80% | 100.00% | 72.26% |
| Real Estate | 0.00% | 0.00% | 15.05% | 14.19% |
| Industrials | 0.00% | 0.00% | 53.73% | 67.10% |
| Healthcare | 0.00% | 0.00% | 43.58% | 24.52% |
| Financial Services | 0.00% | 0.00% | 52.54% | 70.32% |
| Energy | 0.00% | 0.00% | 7.96% | 7.42% |
| Communication Services | 0.00% | 0.00% | 97.05% | 8.39% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 17.74% |
| Consumer Cyclical | 0.00% | 0.00% | 51.15% | 57.10% |
| Basic Materials | 0.00% | 0.00% | 36.08% | 16.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VERS % Rank | |
|---|---|---|---|---|
| US | 99.86% | 0.00% | 100.53% | 67.85% |
| Non US | 0.00% | 0.00% | 99.27% | 25.72% |
VERS - Expenses
Operational Fees
| VERS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.58% | 0.08% | 2.97% | 71.06% |
| Management Fee | 0.58% | 0.00% | 1.95% | 29.51% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.50% | N/A |
Sales Fees
| VERS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| VERS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| VERS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 281.00% | N/A |
VERS - Distributions
Dividend Yield Analysis
| VERS | Category Low | Category High | VERS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.40% | 0.00% | 42.10% | 25.24% |
Dividend Distribution Analysis
| VERS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| VERS | Category Low | Category High | VERS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.30% | 2.08% | N/A |
Capital Gain Distribution Analysis
| VERS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 27, 2024 | $0.039 | OrdinaryDividend |
| Dec 28, 2023 | $0.039 | OrdinaryDividend |
| Sep 27, 2023 | $0.152 | OrdinaryDividend |
| Jun 28, 2023 | $0.050 | OrdinaryDividend |
| Mar 29, 2023 | $0.024 | OrdinaryDividend |
| Dec 30, 2022 | $0.006 | OrdinaryDividend |
| Sep 28, 2022 | $0.117 | OrdinaryDividend |
VERS - Fund Manager Analysis
Managers
Michael Neches
Start Date
Tenure
Tenure Rank
Mar 15, 2022
0.21
0.2%
Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.
Tarak Davé
Start Date
Tenure
Tenure Rank
Mar 15, 2022
0.21
0.2%
Tarak Dave ProFund Advisors LLC: Portfolio Manager since March 2018, Associate Portfolio Manager from November 2015 to March 2018, Senior Portfolio Analyst from May 2014 to October 2015 and Portfolio Analyst from April 2011 to April 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 7.88 | 2.12 |
