UltraShort FTSE China 50 - FXP UltraShort FTSE China 50

ProShares UltraShort FTSE China 50 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 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.

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Index/Benchmark Summary

The Index consists of 50 of the largest and most liquid Chinese stocks listed and traded on the Stock Exchange of Hong Kong.

Fundamentals as of 9/29/17

Total Number of Companies 50
Price/Earnings Ratio 10.84
Price/Book Ratio 1.25
Dividend Yield *(%) 3.41
Average Index Market Capitalization $66.98 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 9/29/17

Top 10 Index Companies Weight
Tencent Holdings Ltd. 9.42%
China Construction Bank-Class H 8.68%
Industrial and Commercial Bank of China Ltd. (ICBC)-Class H 7.66%
China Mobile Ltd. 7.05%
Ping An Insurance (Group) Co. of China Ltd.-Class H 4.89%
Bank of China Ltd.-Class H 4.32%
CNOOC Ltd. 3.86%
China Life Insurance Co. Ltd.-Class H 3.62%
China Petroleum & Chemical Corp.-Class H 3.46%
Geely Automobile Holdings Ltd. 2.60%

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 48.36%
Energy 11.39%
Telecommunication Services 9.89%
Information Technology 9.42%
Real Estate 8.38%
Industrials 5.60%
Consumer Discretionary 5.54%
Materials 0.91%
Utilities 0.50%

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