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ProShares Morningstar Alternatives Solution ETF

etf
ALTS
Dividend policy
None
Price as of:
$36.06 -0.16 0%
primary theme
Diversified Alternatives
ALTS (ETF)

ProShares Morningstar Alternatives Solution ETF

Dividend policy
None
Price as of:
$36.06 -0.16 0%
primary theme
Diversified Alternatives
ALTS (ETF)
ProShares Morningstar Alternatives Solution ETF
Dividend policy
None
Price as of:
$36.06 -0.16 0%
primary theme
Diversified Alternatives

ALTS - Snapshot

Vitals

  • YTD Return -5.1%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $7.01 M
  • Holdings in Top 10 99.9%

52 WEEK LOW AND HIGH

$36.22
$30.47
$38.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.21%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Diversified Alternatives
  • Fund Type Exchange Traded Fund
  • Investment Style Multialternative

Compare ALTS to Popular Diversified Alternatives Funds

Overview

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Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$10.13

+0.30%

$2.66 B

0.95%

$0.10

blocked
blocked
blocked

2.53%

-

$30.47

-1.07%

$2.58 B

5.21%

$1.60

blocked
blocked
blocked

-5.78%

-

$11.89

-0.17%

$1.45 B

2.73%

$0.32

blocked
blocked
blocked

1.54%

-

$10.75

-0.56%

$1.36 B

3.68%

$0.40

blocked
blocked
blocked

1.99%

-

$10.17

+0.10%

$961.10 M

2.72%

$0.28

blocked
blocked
blocked

6.16%

-

Compare ALTS to Popular Diversified Alternatives ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

We couldn't find any ETFs within this investment theme.

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ALTS - Profile

Distributions

  • YTD Total Return -5.1%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ProShares Morningstar Alternatives Solution ETF
  • Fund Family Name
    ProShares
  • Inception Date
    Oct 07, 2014
  • Shares Outstanding
    200001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Neches

Fund Description

The fund is a fund of ETFs and seeks to achieve its investment objective by investing primarily in the underlying ETFs. It is designed to provide investors with a comprehensive solution to their alternatives allocation by investing in the alternative ETFs comprising its index. The index is designed to provide diversified exposure to alternative asset classes when combined with a range of traditional investments. The fund is non-diversified.


ALTS - Performance

Return Ranking - Trailing

Period ALTS Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -28.7% 298.2% 78.50%
1 Yr -5.0% -28.9% 23.3% 74.83%
3 Yr -1.1%* -18.0% 9.6% 74.91%
5 Yr 0.4%* -10.5% 9.2% 66.81%
10 Yr N/A* -0.4% 4.8% N/A

* Annualized

Return Ranking - Calendar

Period ALTS Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -10.2% 27.3% 49.82%
2018 -4.7% -20.8% 10.9% 28.63%
2017 -1.5% -12.4% 29.4% 89.91%
2016 0.4% -10.5% 15.8% 50.24%
2015 -6.0% -22.0% 6.0% 79.14%

Total Return Ranking - Trailing

Period ALTS Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -28.7% 298.2% 78.50%
1 Yr -5.0% -28.9% 23.3% 67.69%
3 Yr -1.1%* -18.0% 9.6% 69.29%
5 Yr 0.4%* -10.5% 9.2% 62.93%
10 Yr N/A* -0.4% 4.8% N/A

* Annualized

Total Return Ranking - Calendar

Period ALTS Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -10.2% 27.3% 49.82%
2018 -4.7% -20.8% 10.9% 40.73%
2017 -1.5% -8.4% 29.4% 94.95%
2016 0.4% -5.9% 18.0% 57.97%
2015 -6.0% -22.0% 9.2% 86.50%

ALTS - Holdings

Concentration Analysis

ALTS Category Low Category High ALTS % Rank
Net Assets 7.01 M 1.32 M 5.41 B 94.52%
Number of Holdings 8 4 3106 98.32%
Net Assets in Top 10 7.01 M -80.3 M 2.69 B 83.84%
Weighting of Top 10 99.94% 8.3% 100.0% 0.91%

Top 10 Holdings

  1. ProShares Merger 28.87%
  2. ProShares Hedge Replication 22.74%
  3. ProShares Managed Futures Strategy 20.83%
  4. ProShares Inflation Expectations 13.03%
  5. ProShares RAFI® Long/Short 9.95%
  6. ProShares DJ Brookfield Global Infras 2.89%
  7. ProShares Global Listed Private Equity 1.63%

Asset Allocation

Weighting Return Low Return High ALTS % Rank
Stocks
45.42% -24.27% 208.15% 19.87%
Cash
40.52% -16955.40% 429.28% 24.92%
Other
8.08% -13.08% 86.82% 36.36%
Bonds
5.97% -340.68% 17034.14% 81.48%
Preferred Stocks
0.01% -0.12% 52.62% 44.78%
Convertible Bonds
0.00% 0.00% 87.59% 96.63%

Stock Sector Breakdown

Weighting Return Low Return High ALTS % Rank
Technology
21.84% 0.00% 100.00% 29.15%
Healthcare
19.11% 0.00% 60.64% 13.65%
Financial Services
17.86% 0.00% 55.11% 16.97%
Industrials
12.34% 0.00% 22.91% 18.82%
Communication Services
7.15% 0.00% 23.22% 70.48%
Consumer Cyclical
5.98% 0.00% 26.84% 89.30%
Energy
5.03% 0.00% 100.00% 14.39%
Utilities
3.95% 0.00% 12.26% 32.47%
Real Estate
2.94% 0.00% 78.90% 44.65%
Consumer Defense
2.65% 0.00% 20.71% 80.81%
Basic Materials
1.15% 0.00% 25.74% 83.39%

Stock Geographic Breakdown

Weighting Return Low Return High ALTS % Rank
US
29.48% -15.91% 208.15% 26.94%
Non US
15.94% -23.77% 45.04% 25.93%

Bond Sector Breakdown

Weighting Return Low Return High ALTS % Rank
Cash & Equivalents
76.51% 0.49% 100.00% 11.78%
Derivative
12.59% 0.00% 89.73% 33.00%
Government
10.89% 0.00% 97.04% 56.90%
Corporate
0.01% 0.00% 83.91% 73.40%
Securitized
0.00% 0.00% 87.39% 96.97%
Municipal
0.00% 0.00% 25.47% 91.25%

Bond Geographic Breakdown

Weighting Return Low Return High ALTS % Rank
US
5.97% -51.16% 17003.70% 78.79%
Non US
0.00% -333.21% 168.86% 87.54%

ALTS - Expenses

Operational Fees

ALTS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.29% 31.15% 82.64%
Management Fee 0.07% 0.00% 2.50% 1.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

ALTS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ALTS 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.

ALTS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 0.00% 496.00% 35.36%

ALTS - Distributions

Dividend Yield Analysis

ALTS Category Low Category High ALTS % Rank
Dividend Yield 1.61% 0.00% 4.01% 4.28%

Dividend Distribution Analysis

ALTS Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

ALTS Category Low Category High ALTS % Rank
Net Income Ratio 2.40% -1.83% 6.83% 12.15%

Capital Gain Distribution Analysis

ALTS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

ALTS - Fund Manager Analysis

Managers

Michael Neches


Start Date

Tenure

Tenure Rank

Oct 07, 2014

6.07

6.1%

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.

Devin Sullivan


Start Date

Tenure

Tenure Rank

Apr 30, 2018

2.51

2.5%

Devin Sullivan is Portfolio Manager at ProShare Advisors since September 2016 and Associate Portfolio Manager from December 2011 to August 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.96 4.34 3.34

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