UltraShort Oil & Gas
ProShares UltraShort Oil & Gas seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Oil & Gas IndexSM.
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Index/Benchmark Summary
The Dow Jones U.S. Oil & Gas Index measures the performance of the energy sector of the U.S. equity market. Component companies include oil drilling equipment and services, coal, oil companies-major, oil companies-secondary, pipelines, liquid, solid or gaseous fossil fuel producers and service companies. It is not possible to invest directly in an index.
As of 1/31/10
Fundamentals
| Total Number of Companies |
Price/Earnings Ratio |
Price/Book Ratio |
Dividend Yield 1 (%) |
Average Index Market Capitalization |
|---|---|---|---|---|
| 95 | 16.32 | 2.06 | 1.78 | $13.31 billion |
1 = 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.
| Top 10 Index Companies 2 | Weight |
|---|---|
| Exxon Mobil Corp. | 25.60% |
| Chevron Corp. | 12.20% |
| Schlumberger Ltd. | 6.14% |
| ConocoPhillips | 5.26% |
| Occidental Petroleum Corp. | 5.21% |
| Apache Corp. | 2.72% |
| Devon Energy Corp. | 2.44% |
| Anadarko Petroleum Corp. | 2.42% |
| Halliburton Co. | 2.13% |
| XTO Energy Inc. | 2.12% |
2 = ProShares may invest in equity securities and/or financial instruments (including derivatives) that in combination, should have similar daily price return characteristics to the fund's benchmark.
| Index Sector Weightings 3 | Weight |
|---|---|
| Oil and Gas Producers | 76.11% |
| Oil Equipment, Services and Distribution | 23.18% |
| Alternative Energy | 0.72% |
3 = Sum of weightings may not equal 100% due to rounding.