ETF Evaluator:
ProShares MSCI Trnsfmtnl Chngs ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Large Growth Over the Last Year
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ETF Details
ProShares MSCI Trnsfmtnl Chngs ETF Overview
ProShares MSCI Trnsfmtnl Chngs ETF (ANEW) is a passively managed U.S. Equity Large Growth exchange-traded fund (ETF). ProShares launched the ETF in 2020.
The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the "index").
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies associated with one or more of the following themes: Future of Work, Digital Consumer, Genomic & Telehealth, and Food Revolution. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics.
About ProShares MSCI Trnsfmtnl Chngs ETF (ANEW)
There are 2 members of the management team with an average tenure of 4.59 years: Alexander Ilyasov (2020) and Eric Silverthorne (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Global 1200 TR index with a weighting of 100% and MSCI Glb Transformational Changes USD index with a weighting of 100%. ProShares MSCI Trnsfmtnl Chngs ETF has 164 securities in its portfolio. The top 10 holdings constitute 22.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares MSCI Trnsfmtnl Chngs ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. ProShares MSCI Trnsfmtnl Chngs ETF has 25.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 74.4% There is 25.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares MSCI Trnsfmtnl Chngs ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ANEW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares MSCI Trnsfmtnl Chngs ETF expense ratio is average compared to funds in the Large Growth category. ProShares MSCI Trnsfmtnl Chngs ETF has an expense ratio of 0.45%, which is 9% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares MSCI Trnsfmtnl Chngs ETF has a portfolio turnover rate of 35%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, ProShares MSCI Trnsfmtnl Chngs ETF returned 0.5%, which earned it a grade of A, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares MSCI Trnsfmtnl Chngs ETF has a trailing yield of 0.53%, which is equal to the 0.53% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares MSCI Trnsfmtnl Chngs ETF Grades
Year to date, the ETF has returned 3.2%, 3.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.5% over the past year (grade of F), 11.4% over the past three years (grade of F) and 3.2% per year over the past five years (grade of F).
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ANEW Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ANEW Return (NAV) | 0.5% | 6.8% | 3.5% | 11.4% | 3.2% | na |
| ANEW Return (Price) | -0.3% | 6.7% | 2.4% | 11.0% | 3.0% | na |
| NAV +/- Price Return | 0.771% | 0.092% | 1.029% | 0.372% | 0.230% | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| ANEW Grade (NAV) | A | A | F | F | F | na |
| +/- Category (NAV) | 4.3% | 4.1% | -9.6% | -8.2% | -6.7% | na |
| ANEW Tax-Cost Ratio | na | na | 0.2% | 0.2% | 0.2% | na |
ANEW Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ANEW Return (NAV) | 3.2% | 11.8% | 19.4% | 22.6% | -29.4% | 7.3% | na | na | na | na | na |
| ANEW Return (Price) | 1.3% | 12.9% | 19.4% | 22.8% | -29.6% | 6.9% | na | na | na | na | na |
| NAV +/- Price Ret | -0.592% | 0.091% | -0.002% | 0.009% | 0.006% | -0.050% | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| ANEW Grade (NAV) | D | F | F | F | C | F | na | na | na | na | na |
| +/- Category | -3.0% | -5.0% | -11.1% | -16.0% | 1.3% | -14.3% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.02 |
| R-Squared: | 85% |
| Standard Deviation: | 14.4% |
| Category Risk Index: | 0.78 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.17 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 8 Mil |
| Share Class Assets: | $ 8 Mil |
| Turnover: | 35.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | Yes |
| Index Tracked: | S&P Global 1200 TR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.8 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Ilyasov Alexander (2020), Silverthorne Eric (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 164 |
| % in Top 10 Holdings: | 22.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 25.3% |
Portfolio Allocation |
|
| Domestic Stock: | 74.4% |
| Foreign Stock: | 25.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | October 14, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
