ProShares - MSCI Transformational Changes ETF
$55.20+0.00 (+0.00%)
- Expense ratio
- 0.45%
- Fund size
- $8M
- 1Y return
- +6.5%
- Yield · Last 12 months
- 0.50%
- Holdings
- 149
- Volume · 30D
- 0M sh
- NAV per share
- $54.78
- 52W range
The ETF.net ANEW Grade
Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 93Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 7Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 59Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on ANEW
BLaunched in October 2020, ANEW buys the rethink of how people live, work and connect: roughly 140 global stocks across four themes (future of work, genomics and telehealth, digital consumers, food) in one MSCI index at 0.45%.
The fund invests globally in companies positioned to benefit from major changes in how people live, work, and connect, using four themes: future of work, genomics and telehealth, digital consumers, and food.
Why people hold it
- 0.45% a year, below the median fee in its disruptive-innovation peer group and cheaper than top-rated rivals like XT and TRFM.
- Four themes in one wrapper, roughly 140 names worldwide. Broad by thematic standards, where many rivals ride a single trend.
- Rules-based MSCI index rather than a manager's hunch, and it sits in the upper half of a 31-fund innovation cohort on our review.
Worth knowing
- One of the smaller and more thinly traded funds in its category, so spreads can run wider than the category's giants.
- Everything rides on four themes born of a 2020 rethink of work and health. If they cool, the portfolio has no other engine.
- A global mandate, so returns carry non-US market and currency exposure alongside the theme itself.
ANEW Holdings
- Stocks
- 149
- 22%
- DHR
Sectors
- Health Care29.2%
- Technology22.0%
- Communication14.2%
- Consumer Discr.12.5%
- Materials9.5%
- Cons. Staples5.0%
- Industrials4.9%
- Financials2.6%
- Real Estate0.1%
Geography
- United States74.00%
- Switzerland4.37%
- China4.04%
- Germany3.49%
- Japan2.89%
- Taiwan2.51%
- Ireland2.05%
- South Africa1.55%
- 5.10%
Developed 64% · Emerging 36%
ANEW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ANEW |
|---|---|
| Year to date | +10.2% |
| 1 month | +0.8% |
| 3 months | +9.9% |
| 1 year | +6.5% |
| 3 years | +18.0% |
| 5 years | +4.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ANEW |
|---|---|---|
| 2026 YTD | +10.2% | |
| 2025 | +12.0% | |
| 2024 | +19.4% | |
| 2023 | +22.8% | |
| 2022 | −29.6% | |
| 2021 | +6.9% | |
| 2020 | +5.8% |
ANEW in the news
ETF.net Research hasn’t filed on ANEW yet — coverage lands here as it’s written.
ANEW Dividends
- 0.50%
- $0.27
- $0.09 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.09 |
| Mar 25, 2026 | Mar 31, 2026 | $0.04 |
| Dec 24, 2025 | Dec 31, 2025 | $0.10 |
| Sep 24, 2025 | Sep 30, 2025 | $0.04 |
| Jun 25, 2025 | Jul 1, 2025 | $0.13 |
| Mar 26, 2025 | Apr 1, 2025 | $0.0026 |
| Dec 23, 2024 | Dec 31, 2024 | $0.32 |
| Sep 25, 2024 | Oct 2, 2024 | $0.03 |
| Jun 26, 2024 | Jul 3, 2024 | $0.12 |
| Mar 20, 2024 | Mar 27, 2024 | $0.01 |
| Dec 20, 2023 | Dec 28, 2023 | $0.09 |
| Sep 20, 2023 | Sep 27, 2023 | $0.05 |
ANEW Risk
- 14.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −38.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ANEW Cost
- The middle half of Disruptive Innovation funds
- Median 0.65%
1 of the 31 Disruptive Innovation funds charge less.