OND – ProShares On-Demand ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks investment results, before fees and expenses, that track the performance of the FactSet On-Demand Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies that provide on-demand access to lifestyle needs including digital media, e-gaming, fitness, food delivery, ridesharing, or virtual reality experiences. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
OND	ProShares On-Demand ETF	ETF	Open			Oct 26, 2021	$2.47M	0.580%	—	—	−$2.67M

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