Summary
ProShares - Merger ETF is an ETF - a fund traded on an exchange like a stock - run by ProShares. Positions inside: 49. The ten largest make up 34% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $15.9M
- Positions
- 49
- Dividend yield
- 2.68%
- Running since
- 2012
What speaks for it
- It has been running since 2012.
What to watch
- Costs of 0.75% a year are above the middle of comparable funds (0.44%).
- A small fund with $15.9M under management; small funds get closed more often.
- It trades little: only about $57.6K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.8%
- 3 months
- -0.4%
- This year
- +1.8%
- 1 year
- +0.9%
- 3 years
- +14%
- 5 years
- +9.1%
- 10 years
- +26%
- Avg. market cap
- $5.26B
- P/E
- 24.2x
- Forward P/E
- 18.2x
- P/S
- 1.5x
- P/B
- 2.5x
- P/FCF
- 11.6x
- EV/EBITDA
- 12.3x
- Dividend yield
- 1.67%
- ROIC
- 2.0%
- ROE
- -0.6%
- Gross margin
- 51.2%
- Operating margin
- 5.7%
- Net margin
- -3.3%
- Payout ratio
- 40.3%
- Net debt/EBITDA
- 1.2x
- Beta
- 0.01
Weighted average of the 28 largest companies, which make up 65% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 Net Other Assets (Liabilities) 11%
- 2 BLUENORD ASA 3.0%
- 3 PSPersonalis, Inc. PSNL 2.7%
- 4 ALLFUNDS GROUP PLC 2.6%
- 5 RORoku, Inc. ROKU 2.5%
- 6 SLSilicon Laboratories Inc. SLAB 2.4%
- 7 OGOrganon & Co. OGN 2.4%
- 8 DVDoubleVerify Holdings, Inc. DV 2.4%
- 9 OPOption Care Health OPCH 2.4%
- 10 CSCenterspace CSR 2.4%
Positions in the fund: 49. The ten largest make up 34% of it.
Composition as of Oct 31, 2026.
Where is it spread?
Spread outBy sector
- Healthcare 23%
- Consumer cyclical 16%
- Industrials 14%
- Financials 14%
- Communication services 8.2%
- Other 25%
By country
- United States 72%
- United Kingdom 13%
- Australia 5.0%
- Norway 3.1%
- Other countries 4.8%
By company size
- Large cap 15%
- Mid cap 57%
- Small cap 29%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 65% of the fund.
Largest sector: Healthcare (23%). Largest country: United States (72%). Largest size group: Mid cap (57%).
What does it cost me?
Expensive- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
Growing slowly- A year on average, 10 years
- +2.3%
- Deepest drop
- -9.0%
- Yearly volatility
- 4.8%
Average yearly growth over the last ten years: 2.3%. Deepest drop in these years: 9.0% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.68%
- Payments a year
- 4
- Last payment
- $0.04
Over the last 12 months it paid $1.22 per share, which is 2.68% of today's price. The last payment was $0.04 on Sep 23, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $57.6K
- Shares a day
- 1.3K
On an average day about $57.6K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 24.2
- Average Bulios Score
- 54 out of 100
Weight by Bulios Fair Price
- Undervalued 42%
- Fairly valued 3.5%
- Overvalued 54%
On average the companies inside trade for 24.2 times their yearly profit. By Fair Price, 54% of the rated weight comes out as overvalued.
Counted from its largest companies (28), which make up 65% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
MN MNA NYLI Merger Arbitrage ETF | United States | 0.75% | $263.9M | +3.4% | Reinvests | 31% |
AR ARB AltShares Merger Arbitrage ETF | United States | 0.82% | $110.2M | +3.6% | Pays out | 23% |