Short MidCap400

ProShares Short MidCap400 seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index.

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Index/Benchmark Summary

The S&P MidCap 400 Index is a widely used measure of mid-size company U.S. stock market performance. Companies are selected for inclusion in the Index by Standard & Poor's based on adequate liquidity, appropriate market capitalization, financial viability and public float.

As of 12/31/11

Fundamentals

Total Number
of Companies
Price/Earnings
Ratio
Price/Book
Ratio
Dividend Yield 1
(%)
Average
Index Market
Capitalization
 400 17.30  1.85 1.50 $2.74 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
Kansas City Southern 0.71%
Monster Beverage Corp. 0.67%
Vertex Pharmaceuticals Inc. 0.66%
AMETEK Inc. 0.64%
The Macerich Co. 0.64%
Church & Dwight Co., Inc. 0.62%
Green Mountain Coffee Roasters 0.56%
Henry Schein Inc. 0.56%
Federal Realty Invetsment Trust 0.55%
Sl Green Realty Corp. 0.55%

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 Sector Weightings 3 Weight
Financial 20.01%
Industrial 19.45%
Consumer, Non-Cyclical 18.08%
Consumer, Cyclical 12.82%
Technology 8.67%
Utilities 6.38%
Energy 5.99%
Communications 4.45%
Basic Materials 4.15%

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