UltraShort Financials
ProShares UltraShort Financials 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. Financials IndexSM.
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Index/Benchmark Summary
The Dow Jones U.S. Financials Index measures the performance of the financials industry of the U.S. equity market. Component companies include banks; insurance companies and brokers; real estate companies, including REITs, real estate holding and development companies, and real estate services companies; financial services companies, including asset managers, consumer finance companies, specialty finance companies, investment services providers, mortgage finance providers, corporate closed-end investment entities such as investment trusts and venture capital trusts; and non-corporate, open-ended investment instruments such as open-ended investment companies and funds, unit trusts, ETFs, currency funds and split capital trusts. 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 |
|---|---|---|---|---|
| 256 | 21.55 | 1.47 | 1.60 | $7.05 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 |
|---|---|
| JPMorgan Chase & Co. | 9.08% |
| Wells Fargo & Co. | 7.33% |
| Bank of America Corp. | 7.22% |
| Goldman Sachs Group Inc. | 4.03% |
| Citigroup Inc. | 3.78% |
| U.S. Bancorp | 2.39% |
| American Express Co. | 2.36% |
| VISA Inc.-Class A | 2.23% |
| Morgan Stanley | 2.03% |
| Bank of New York Mellon Corp. | 1.85% |
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 |
|---|---|
| Banks | 39.90% |
| General Financial | 27.46% |
| Real Estate Investment Trusts | 13.20% |
| Nonlife Insurance | 12.95% |
| Life Insurance | 5.72% |
| Real Estate Investment & Services | 0.77% |
3 = Sum of weightings may not equal 100% due to rounding.