UltraShort MSCI Emerging Markets - EEV UltraShort MSCI Emerging Markets

ProShares UltraShort MSCI Emerging Markets seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Emerging Markets Index®.

Because the value of the index is not computed as of the close of the U.S. securities markets due to differences in trading hours between U.S. and foreign markets, correlation to the index will be measured by comparing the daily change in the fund's net asset value per share to the performance of one or more U.S. exchange traded securities or instruments that reflect the values of the securities underlying the index as of the close of the U.S. securities markets.

This short ProShares ETF seeks a return that is -2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and 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 as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

ProShares Perspective on New SEC Regulations of Mutual Funds and ETFs
— read the statement.

  • Considerations for Geared Investing – Learn More

Index/Benchmark Summary

The MSCI Emerging Markets Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group, in global emerging markets countries. As of June 30, 2010, the Index consisted of the following 21 emerging market country indexes: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico,Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.

Fundamentals as of 9/30/21

Total Number of Companies 1,418
Price/Earnings Ratio 15.07
Price/Book Ratio 1.92
Dividend Yield *(%) 2.24
Average Index Market Capitalization $16.36 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 9/30/21

Top 10 Index Companies Weight
Taiwan Semiconductor Manufacturing Co. Ltd. 6.51%
Tencent Holdings Ltd. 4.33%
Samsung Electronics Co. 3.79%
Alibaba Group Holding Ltd. 3.52%
Meituan-Class B 1.62%
Reliance Industries Ltd. 1.23%
Infosys Ltd. 0.98%
China Construction Bank Corp.-Class H 0.87%
Housing Development Finance Corp. Ltd. 0.81%
JD.com Inc.-ADR 0.80%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Holdings as of 9/30/21

Index Country Weightings § Weight
China 33.97%
Taiwan 14.71%
Korea 12.61%
India 12.18%
Brazil 4.45%
Russia 3.93%
Saudi Arabia 3.35%
South Africa 3.16%
Mexico 1.91%
Thailand 1.62%
Show All

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