{
 "ticker": "MAKX",
 "name": "ProShares S&P Kensho Smart Factories ETF",
 "issuer": "ProShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/MAKX",
 "html": "https://etfiq.com/funds/MAKX",
 "markdown": "https://etfiq.com/funds/MAKX.md",
 "as_of": "2026-09-11",
 "verdict": "MAKX holds 24 stocks, and 65% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "35.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAKX, already in the S&P 500: 35.1%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "95.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAKX, active share vs the S&P 500: 95.5%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "57.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAKX, top ten holdings: 57.6%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+28.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAKX, total return, 1 year: +28.4%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "MAKX, net assets: $5m (SEC filing, whole fund, as filed for May 31, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.58%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "MAKX, expense ratio: 0.58% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Reshoring and manufacturing",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 30, 2021",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "35.1%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "95.5%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "14.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "94.7%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "57.6%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "24",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 31, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Ouster, Inc. 8.9%, 3D Systems Corp. 7.4%, Cognex Corp. 6.0%, Ambiq Micro, Inc. 5.8%, SK Telecom Co. Ltd. 5.8%, Rockwell Automation, Inc. 5.6%, Emerson Electric Co. 5.5%, Autodesk, Inc. 5.4%, Tower Semiconductor Ltd. 3.6%, CEVA, Inc. 3.5%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221212.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.58%",
   "source": "485BPOS XBRL, Sep 23, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.61%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "IBOT 20%, BULD 20%, RSHO 13%, CABZ 13%, WDRN 10%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22125.7%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22129.0 pts",
   "Gap to Nasdaq-100": "\u22124.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "+26.1%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+10.1 pts",
   "Gap to Nasdaq-100": "+5.4 pts"
  },
  {
   "window": "1 year",
   "Total return": "+28.4%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+10.9 pts",
   "Gap to Nasdaq-100": "+5.5 pts"
  },
  {
   "window": "3 years",
   "Total return": "+94.4%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+16.5 pts",
   "Gap to Nasdaq-100": "\u22120.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+66.7%",
   "S&P 500": "+90.0%",
   "Gap to S&P 500": "\u221223.2 pts",
   "Gap to Nasdaq-100": "\u221238.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of MAKX is in S&P 500 companies?",
   "a": "By its holdings filed for May 31, 2026, 35% of MAKX by weight is stocks the S&P 500 already holds. Its active share against the index is 96%, so that share is the part doing something different."
  },
  {
   "q": "What does MAKX hold?",
   "a": "24 positions as filed for May 31, 2026, with the top ten at 58% of the fund. The largest are Ouster, Inc. at 8.9%, 3D Systems Corp. at 7.4%, Cognex Corp. at 6.0%."
  },
  {
   "q": "Has MAKX beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 MAKX returned +28.4% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 10.9 points."
  },
  {
   "q": "What does MAKX cost?",
   "a": "The prospectus expense ratio is 0.58% a year. Because 96% of the fund differs from the S&P 500, the fee on that differing part works out at 0.61%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}