Ultra Financials - UYG Ultra Financials

ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. FinancialsSM Index.

This Ultra 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 Dow Jones U.S. Financials Index measures the performance of the financial services industry, among others, of the U.S. equity market. Component companies include regional banks; major U.S. domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies such as Fannie Mae, credit card issuers, check cashing companies, mortgage lenders and investment advisors; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.

Fundamentals as of 9/30/14

Total Number of Companies 278
Price/Earnings Ratio 16.68
Price/Book Ratio 1.43
Dividend Yield *(%) 2.09
Average Index Market Capitalization $13.45 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 9/30/14

Top 10 Index Companies Weight
Berkshire Hathaway Inc.-Class B 6.73%
Wells Fargo & Co. 6.59%
JPMorgan Chase & Co. 6.06%
Bank of America Corp. 4.79%
Citigroup Inc. 4.20%
Visa Inc. 2.81%
American Express Co. 2.11%
American International Group Inc. 2.06%
U.S. Bancorp 2.02%
Goldman Sachs Group Inc. 2.01%

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
Banks 31.87%
General Financial 25.10%
Real Estate Investment Trusts 18.51%
Non-Life Insurance 18.36%
Life Insurance 5.32%
Real Estate Investment & Services 0.84%

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