Ultra Nasdaq Cloud Computing  - SKYU Ultra Nasdaq Cloud Computing

ProShares Ultra Nasdaq Cloud Computing seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing IndexTM.

This leveraged 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 ISE CTA Cloud Computing IndexTM is designed to track the performance of companies involved in the cloud computing industry. The index provides access to companies classified as “cloud computing” by the Consumer Technology Association (CTA): firms providing Infrastructure-as-a-Service (servers, storage, and networks), Platform-as-a-Service (systems for the creation of online software) and Software-as-a-Service (software applications delivered over the internet) to their customers and end users.

Fundamentals as of 9/30/21

Total Number of Companies 66
Price/Earnings Ratio 79.91
Price/Book Ratio 7.11
Dividend Yield *(%) 0.62
Average Index Market Capitalization $117.86 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
DigitalOcean Holdings Inc. 4.56%
Rackspace Technology Inc. 3.69%
MongoDB Inc. 3.63%
VMware Inc. 3.62%
Oracle Corp. 3.54%
Pure Storage Inc. 3.53%
Amazon.com Inc. 3.43%
Microsoft Corp. 3.38%
Arista Networks Inc. 3.37%
Alphabet Inc. 3.34%

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 Sector Weightings § Weight
Information Technology 85.95%
Consumer Discretionary 6.64%
Communication Services 6.38%
Health Care 1.03%

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