ProShares - S&P Kensho Smart Factories ETF
MAKX
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Sep 30, 2021
- Website
- proshares.com
- Similar Companies
- Business
- ProShares S&P Kensho Smart Factories ETF (MAKX) is an exchange-traded fund that seeks investment results, before fees and expenses, tracking the performance of the S&P Kensho Smart Factories Index, which measures U.S.-listed companies involved in technologies enabling the digitalization of manufacturing activities. The fund invests principally in equity securities and depositary receipts of component companies classified into core or non-core categories based on their focus on smart factory-related products and services; these include software and devices for connected digitalization such as industrial Internet of Things (IoT) and digital twin platforms, sensors and equipment for environmental sensing, monitoring, advanced process control, predictive maintenance and equipment health monitoring, industrial machine and 3D vision technologies for defect detection and process prediction, and demand response systems for energy optimization in plants. Top holdings as of late 2025 feature companies like Zebra Technologies Corp., Rockwell Automation Inc., Emerson Electric Co., Autodesk Inc., Cognex Corp., Ouster Inc., and 3D Systems Corp., with exposure spanning industrials and information technology sectors and a portfolio turnover rate of 40% in the most recent fiscal year. Launched on September 29, 2021, and listed on NYSE Arca, the ETF is managed by ProShare Advisors LLC from its headquarters at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland 20814, with an expense ratio of 0.58% and quarterly distributions. The fund targets investors seeking exposure to smart manufacturing automation amid global labor shortage projections and employs a replication or representative sampling strategy to maintain full investment in index components or similar instruments, including American Depositary Receipts (ADRs) for non-U.S. issuers. Recent updates include a summary prospectus revision dated September 26, 2025, reflecting ongoing index rebalancing every May and November, with year-to-date NAV performance of 22.85% through mid-December 2025 and net assets around $1.3 million as of earlier 2025 data; the index composition continues to evolve via natural language processing scans of company filings, emphasizing core smart factory innovators while navigating industry risks like rapid technological change and competition.