UltraShort MSCI Brazil Capped - BZQ UltraShort MSCI Brazil Capped

ProShares UltraShort MSCI Brazil Capped seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index®.

Because the value of the index is not computed as of the close of the U.S. securities markets due to differences in trading hours between U.S. and foreign markets, correlation to the index will be measured by comparing the daily change in the fund's net asset value per share to the performance of one or more U.S. exchange traded securities or instruments that reflect the values of the securities underlying the index as of the close of the U.S. securities markets.

This Short ProShares ETF seeks a return that is -2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

  • Considerations for Geared Investing – Learn More
  • Learn more about measuring international fund correlation versus the index.

Index/Benchmark Summary

The MSCI Brazil 25/50 Index® is a free-float-adjusted, market capitalization weighted index that is designed to measure the equity market performance of the Brazilian market. The Index is divided into large- and mid-cap segments and targets approximately 85% of free-float-adjusted market capitalization of the region.

Fundamentals as of 12/29/17

Total Number of Companies 53
Price/Earnings Ratio 17.16
Price/Book Ratio 1.90
Dividend Yield *(%) 2.80
Average Index Market Capitalization $13.2 billion

* Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Index Holdings Information as of 12/29/17

Top 10 Index Companies Weight
Itau Unibanco SA-PN 11.42%
Vale SA-ON 10.48%
Banco Bradesco-PN 8.49%
Ambev SA-ON 8.24%
BM&FBovespa SA-ON 4.10%
Itausa-PN 3.54%
Petrobras-PN 2.78%
Banco Bradesco-ON 2.45%
Cielo SA-ON 2.42%
Ultrapar Participacoes SA-ON 2.29%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Sector Weightings § Weight
Financials 35.97%
Materials 15.58%
Consumer Staples 15.07%
Energy 7.35%
Industrials 6.34%
Consumer Discretionary 5.54%
Utilities 5.16%
Telecommunication Services 2.81%
Information Technology 2.42%
Health Care 2.21%
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§ Sum of weightings may not equal 100% due to rounding.