Key stats
About ProShares Smart Materials ETF
Expense ratio
0.58%
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Inception date
Oct 26, 2021
TINT tracks an index that invests in global companies within the smart materials space. These are companies that develop, research or produce materials with properties that can adapt to external stimuli, or that have disruptive or pioneering properties. Examples of which are materials that change color when subject to a certain temperature, or those that change shape in response to an electrical impulse. In selecting components for the index, a natural language processing algorithm is used to screen publicly available information such as financial news, business profiles, and company publications. Companies are then ranked based on their exposure to the smart materials theme, and those who do not meet the minimum threshold are excluded from the index. The top 30 companies are selected for inclusion and are weighted using market capitalization, with a weight cap of 4.5% per company. Reconstitution and rebalancing occurs semi-annually, every May and November
Classification
What's in the fund
Exposure type
Process Industries
Electronic Technology
Producer Manufacturing
Stock breakdown by region