UltraShort Basic Materials
ProShares UltraShort Basic Materials 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. Basic Materials IndexSM.
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Index/Benchmark Summary
The Dow Jones U.S. Basic Materials Index measures the performance of the basic materials economic sector of the U.S. equity market. Component companies are involved in the production of aluminum, commodity chemicals, specialty chemicals, forest products, non-ferrous metals, paper products, precious metals and steel. 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 |
|---|---|---|---|---|
| 68 | 21.72 | 2.82 | 1.58 | $5.7 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 |
|---|---|
| Freeport-McMoRan Copper & Gold Inc. | 8.53% |
| Dow Chemical Co. | 8.15% |
| E.I. DuPont de Nemours & Co. | 7.36% |
| Praxair Inc. | 6.39% |
| Newmont Mining Corp. | 5.83% |
| Air Products & Chemicals Inc. | 4.13% |
| Alcoa Inc. | 4.05% |
| Nucor Corp. | 3.43% |
| Peabody Energy Corp. | 3.11% |
| International Paper Co. | 2.75% |
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 |
|---|---|
| Chemicals | 51.70% |
| Industrial Metals | 26.80% |
| Mining | 18.00% |
| Forestry and Paper | 3.49% |
3 = Sum of weightings may not equal 100% due to rounding.