{
 "ticker": "ANEW",
 "name": "ProShares MSCI Transformational Changes ETF",
 "issuer": "ProShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/anew",
 "html": "https://etfiq.com/funds/anew",
 "markdown": "https://etfiq.com/funds/anew.md",
 "as_of": "2026-09-18",
 "verdict": "ANEW holds 146 stocks, and 49% 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": "51.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ANEW, already in the S&P 500: 51.0%, as of Sep 18, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "76.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ANEW, active share vs the S&P 500: 76.2%, as of Sep 18, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "22.4%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ANEW, top ten holdings: 22.4%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+3.9%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ANEW, total return, 1 year: +3.9%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "ANEW, net assets: $8m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-18",
   "sentence": "ANEW, expense ratio: 0.45% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Broad innovation and megatrends",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 16, 2020",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "51.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "76.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "25.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "78.6%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "22.4%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "146",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Sep 18, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "DANAHER CORP 2.4%, DOORDASH INC - A 2.4%, ABBVIE INC 2.3%, DEERE & CO 2.3%, MICROSOFT CORP 2.2%, SYMRISE AG 2.2%, ABBOTT LABORATORIES 2.2%, INTL FLAVORS & FRAGRANCES 2.2%, ELI LILLY & CO 2.1%, APPLE INC 2.1%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22122.0%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "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": "0.59%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "XT 26%, USNZ 26%, TNXT 25%, AIQ 23%, IQSZ 22%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+6.5%",
   "S&P 500": "+2.3%",
   "Gap to S&P 500": "+4.2 pts",
   "Gap to Nasdaq-100": "+8.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "+19.1%",
   "S&P 500": "+18.0%",
   "Gap to S&P 500": "+1.1 pts",
   "Gap to Nasdaq-100": "\u22125.1 pts"
  },
  {
   "window": "1 year",
   "Total return": "+3.9%",
   "S&P 500": "+16.6%",
   "Gap to S&P 500": "\u221212.7 pts",
   "Gap to Nasdaq-100": "\u221217.9 pts"
  },
  {
   "window": "3 years",
   "Total return": "+56.3%",
   "S&P 500": "+78.4%",
   "Gap to S&P 500": "\u221222.1 pts",
   "Gap to Nasdaq-100": "\u221241.9 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+40.4%",
   "S&P 500": "+137.9%",
   "Gap to S&P 500": "\u221297.4 pts",
   "Gap to Nasdaq-100": "\u2212118.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of ANEW is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 18, 2026, 51% of ANEW by weight is stocks the S&P 500 already holds. Its active share against the index is 76%, so that share is the part doing something different."
  },
  {
   "q": "What does ANEW hold?",
   "a": "146 positions as published by its issuer for Sep 18, 2026, with the top ten at 22% of the fund. The largest are DANAHER CORP at 2.4%, DOORDASH INC - A at 2.4%, ABBVIE INC at 2.3%."
  },
  {
   "q": "Has ANEW beaten the S&P 500?",
   "a": "Over the year to Sep 18, 2026 ANEW returned +3.9% with distributions reinvested, against +16.6% for the S&P 500, so it finished behind the index by 12.7 points."
  },
  {
   "q": "What does ANEW cost?",
   "a": "The prospectus expense ratio is 0.45% a year. Because 76% of the fund differs from the S&P 500, the fee on that differing part works out at 0.59%."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}