Short MSCI EAFE

ProShares Short MSCI EAFE seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the MSCI EAFE Index.

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Index/Benchmark Summary

The MSCI EAFE Index (Europe, Australasia, Far East) includes 85% of free float-adjusted market capitalization in each industry group in developed market countries, excluding the U.S. and Canada. As of June 30, 2010, the Index consisted of the following 22 developed market country indexes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

As of 12/31/11

Fundamentals

Total Number
of Companies
Price/Earnings
Ratio
Price/Book
Ratio
Dividend Yield 1
(%)
Average
Index Market
Capitalization
 925 12.34  1.27 3.91 $10.25 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
Nestle 2.01%
Vodafone Group 1.49%
HSBC Holdings (GB) 1.43%
BP 1.43%
Novartis 1.41%
Royal Dutch Shell A 1.40%
Roche Holding Genuss 1.26%
GlaxoSmithKline 1.22%
BHP Billiton Ltd 1.19%
Total 1.15%

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

Index Country Weightings 3 Weight
United Kingdom 23.29%
Japan 21.60%
France 9.07%
Switzerland 8.63%
Australia 8.61%
Germany 7.85%
Spain 3.28%
Sweden 3.09%
Hong Kong 2.80%
Netherlands 2.49%
Italy 2.27%
Singapore 1.66%
Denmark 1.05%
Belgium 0.95%
Norway 0.93%
Finland 0.84%
Israel 0.65%
Ireland 0.29%
Austria 0.24%
Portugal 0.22%
New Zealand 0.12%
Greece 0.08%

3 = Sum of weightings may not equal 100% due to rounding.