Holdings are subject to change. ProShares may invest in equity securities and/or financial instruments (including derivatives) that, in combination, should have daily return characteristics similar to the index return times the fund multiple.

ProShares UltraShort Yen is not an investment company regulated under the Investment Company Act of 1940. Please read the prospectus carefully before investing.

This ETF seeks a return of -200% of the return of an benchmark (target) for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their ProShares holdings consistent with their strategies, as frequent as daily. For more on correlation, leverage and other risks, please read the prospectus.