Large Cap Core Plus - CSM Large Cap Core Plus

ProShares Large Cap Core Plus seeks investment results, before fees and expenses, that track the performance of the Credit Suisse 130/30 Large Cap Index.

ProShares Large Cap Core Plus (CSM) is a multi-factor ETF that has outperformed the S&P 500 since its inception nine years ago, and has done so on a consistent basis.

  • Outperformance is rare in large cap. Ninety-five percent of active funds failed to beat the S&P 500 over time, and most passive strategies are designed only to match market returns. But CSM has beaten the S&P 500 in 3-year, 5-year and since-inception trailing periods.
  • Consistent outperformance is even rarer. CSM has outpaced the S&P 500 in 100% of rolling five-year periods, and its record of besting the S&P 500 on a month-over-month basis surpasses 97% of all large-cap mutual funds and ETFs.
  • CSM is built on a disciplined, multi-factor approach. One of the longest-running smart beta funds, CSM’s strategy combines multiple well-established factors to achieve performance. The result is a portfolio designed to turn incremental returns over time into consistent outperformance.
  • Learn more about CSM's smart beta approach.
  • Read the Report—Consistent Outperformance: Proven by 100% Positive Rolling Return Periods for CSM's Strategy

Index/Benchmark Summary

The Credit Suisse 130/30 Large Cap Index is designed to replicate an investment strategy that establishes either long or short positions in certain of the 500 largest U.S. market cap equities (the "Universe") by applying a rules-based ranking and weighting methodology detailed below. The design intends to provide an indexed representation of a quantitatively constructed 130/30 U.S. large cap equity strategy. This results in the Index having total long exposure of 130% and total short exposure of 30% at each monthly reconstitution date. The Index will have risk characteristics similar to the Universe and will generally rise and fall with the Universe, with the goal, but not guarantee, of incremental risk-adjusted outperformance as compared to the Universe.

As of 9/30/18

Fundamentals

Total Number
of Companies
Price/Earnings
Ratio
Price/Book
Ratio
Dividend Yield 1
(%)
Average Index Market
Capitalization
Tracking Error
(%)
Monthly Turnover
(%)
Long Short Long Short Long Short Long Short Long Short
318 145 22.34 24.57 5.60 4.46 1.99 1.61 $68.73 billion $28.53 billion 1.38 7.25
1 = Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Top 10 Index Companies (Long) Weight
Apple Inc 4.09%
Microsoft Corp 3.09%
Amazon Com Inc 2.87%
Facebook Inc 2.03%
Bank Amer Corp 1.55%
Berkshire Hathaway Inc Del 1.29%
Jpmorgan Chase & Co 1.20%
Johnson & Johnson 1.12%
Alphabet Inc-A 1.07%
Alphabet Inc-C 1.06%
Index Sector Weightings (Long)2
Information Technology 23.44%
Financials 18.53%
Health Care 15.69%
Consumer Discretionary 15.33%
Industrials 13.44%
Communication Services 10.38%
Energy 8.69%
Consumer Staples 7.95%
Real Estate 6.86%
Utilities 5.83%
Materials 3.86%
Top 10 Index Companies (Short) Weight
Flowserve Corp 0.37%
Leggett & Platt Inc 0.37%
Jacobs Engr Group Inc Del 0.36%
Nisource Inc 0.36%
Macerich Co 0.36%
Hasbro Inc 0.35%
Cboe Global Markets Inc 0.35%
Mohawk Inds Inc 0.35%
Schein Henry Inc 0.35%
Technipfmc Plc 0.35%
Index Sector Weightings (Short)2
Industrials 5.66%
Consumer Discretionary 4.18%
Financials 4.10%
Health Care 2.67%
Information Technology 2.58%
Materials 2.25%
Utilities 2.16%
Real Estate 1.88%
Energy 1.81%
Consumer Staples 1.69%
Communication Services 1.00%

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


Sources: Morningstar, Bloomberg, ProShares. The majority of active equity funds in the large-cap category underperformed the S&P 500 over trailing 3-year, 5-year, 10-year and 15-year periods (SPIVA U.S. Scorecard, 6/30/18). CSM consistently outperformed the S&P 500 over the trailing 3-year, 5-year and since-inception periods and in 51 of 51 rolling five-year periods (100% of periods) from 7/13/09 (fund inception)–9/30/18. For the number of months a fund outperformed a benchmark over a given period, CSM ranked 68 in the Large Blend category (1,056 funds) as of 9/30/18. CSM has the 5th longest track record out of 57 smart beta, multi-factor U.S. funds in Morningstar’s Large Value, Large Growth and Large Blend categories. Past performance is no guarantee of future results.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.

Investing involves risk, including the possible loss of principal. Short positions lose value as security prices increase. Leverage can increase market exposure and magnify investment risk. These risks can increase volatility and decrease performance. Please see the summary and full prospectus for a more complete description of risks.

Narrowly focused investments typically exhibit higher volatility.

The Credit Suisse 130/30 Large Cap Index is designed to replicate an investment strategy that establishes either long or short positions in certain of the 500 largest U.S. market cap equities (the "Universe"). Short positions will approximate 30% of the portfolio’s value. The model anticipates the purchase of 30% more in long positions using leverage. There is no guarantee this methodology will result in returns exceeding the Universe returns. It is not possible to invest directly in an index.

Star rating is © 2018 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. CSM was rated against the following numbers of U.S.-domiciled Large Blend funds for the following time periods: 1,196 for the last three years and 1,058 for the last five years, ending 9/30/18. With respect to these Large Blend funds, CSM received a Morningstar Rating of 5 stars for the three-year period and 5 stars for the five-year period. Past performance is no guarantee of future results.

"Credit Suisse" and "Credit Suisse 130/30 Large Cap Index™" are trademarks of Credit Suisse Securities (USA) LLC or one of its affiliates and have been licensed for use by ProShares. ProShares have not been passed on by Credit Suisse or its affiliates as to their legality or suitability. ProShares based on the Credit Suisse 130/30 Large Cap Index are not sponsored, endorsed, or promoted by Credit Suisse or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

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