# ProShares S&P Global Core Battery Metals ETF (ION): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ion for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: ProShares · Asset class: Equity - Strategy: Thematic · Inception: 2022-11-29 ION is a passively managed ETF that provides exposure to companies engaged in the mining of metals used in battery production. The portfolio is comprised of stocks and depositary receipts that had positive total revenue and production value (dollar market value) from the mining of lithium, nickel, and cobalt during the prior year. Companies could be of any market capitalization from both developed and emerging countries. Using a mathematical approach, the fund determines the type, quantity, and mix of investment positions that are expected to produce returns. Weighting is set to each securi... ## Key Facts | Metric | Value | |---|---| | Price | $38.84 | | Expense Ratio | 0.58% | | Assets Under Management | $9.8M | | NAV | $39.26 | | Holdings Count | 54 | | Distribution Yield (TTM) | 2.68% | | Annual Distribution (TTM) | $1.04 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $38.84 – $69.55 | | Beta | 1.30 | ## Latest Distribution - Amount: $0.2781 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-29 ## Frequently Asked Questions ### What does ION invest in? ION is a passively managed ETF that provides exposure to companies engaged in the mining of metals used in battery production. The portfolio is comprised of stocks and depositary receipts that had positive total revenue and production value (dollar market value) from the mining of lithium, nickel, and cobalt during the prior year. Companies could be of any market capitalization from both developed and emerging countries. Using a mathematical approach, the fund determines the type, quantity, and mix of investment positions that are expected to produce returns. Weighting is set to each securitys ranking based on production-value-to-revenue ratio divided by the sum of all ranks. A basket liquidity maximum weight is calculated to determine security capping, with excess amounts redistributed across the portfolio. The index is reweighted quarterly in January, April, July, and October, with annual reconstitution every July. ### What is the expense ratio of ION? ProShares S&P Global Core Battery Metals ETF (ION) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is ION? ProShares S&P Global Core Battery Metals ETF (ION) manages $9.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is ION actively managed or an index fund? ION's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was ION launched? ProShares S&P Global Core Battery Metals ETF (ION) launched in November 2022 and is managed by ProShares. ### How has ION performed? ION's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does ION pay a dividend? ProShares S&P Global Core Battery Metals ETF (ION) currently distributes little or no income. Trailing-twelve-month yield is 2.68%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ION pay dividends? ProShares S&P Global Core Battery Metals ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ION's dividend yield? ION's trailing-twelve-month yield is 2.68%, calculated from the sum of dividends over the past year divided by the current price. ### When is ION's next ex-dividend date? The most recently announced ex-dividend date for ION was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will ION's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.58% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ION charge its expense ratio? The expense ratio is deducted in tiny daily slices from ION's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ION cost more than a fund like VOO? ION's strategy (current expense ratio 0.58%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where ION sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to ION? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ION (0.58%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ion - Distribution history: https://www.dividenddata.com/funds/ion/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ion/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ion/expenses - Peer comparison: https://www.dividenddata.com/funds/ion/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.