UltraShort S&P500 - SDS UltraShort S&P500

ProShares UltraShort® S&P500 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500®.

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.

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Index/Benchmark Summary

The S&P 500 is a widely used measure of large U.S. stock market performance. It includes a representative sample of leading companies in leading industries. Companies are selected for inclusion in the Index by Standard & Poor's based on adequate liquidity, appropriate market capitalization, financial viability and public float.

Fundamentals as of 6/30/21

Total Number of Companies 505
Price/Earnings Ratio 30.03
Price/Book Ratio 4.62
Dividend Yield *(%) 1.38
Average Index Market Capitalization $75.72 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 6/30/21

Top 10 Index Companies Weight
Apple Inc. 5.91%
Microsoft Corp. 5.62%
Amazon.com Inc. 4.06%
Facebook Inc.-Class A 2.29%
Alphabet Inc.-Class A 2.02%
Alphabet Inc.-Class C 1.96%
Berkshire Hathaway Inc.-Class B 1.45%
Tesla Inc. 1.44%
NVIDIA Corp. 1.37%
JPMorgan Chase & Co. 1.30%

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 6/30/21

Index Sector Weightings § Weight
Information Technology 27.42%
Health Care 12.99%
Consumer Discretionary 12.28%
Financials 11.28%
Communication Services 11.14%
Industrials 8.54%
Consumer Staples 5.86%
Energy 2.85%
Materials 2.60%
Real Estate 2.58%
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§ Sum of weightings may not equal 100% due to rounding.