UltraShort Consumer Goods - SZK UltraShort Consumer Goods

ProShares UltraShort Consumer Goods seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Consumer GoodsSM Index.

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 Dow Jones U.S. Consumer Goods Index measures the stock performance of U.S. companies in the consumer goods sector of the U.S. equity market. Component companies include, among others, automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing, accessories and footwear.

Fundamentals as of 12/31/20

Total Number of Companies 96
Price/Earnings Ratio 28.85
Price/Book Ratio 6.06
Dividend Yield *(%) 1.80
Average Index Market Capitalization $35.61 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 12/31/20

Top 10 Index Companies Weight
Tesla Inc. 17.22%
The Procter & Gamble Co. 11.10%
Coca-Cola Co. 6.82%
PepsiCo Inc. 6.59%
NIKE Inc.-Class B 5.71%
Philip Morris International 4.15%
Mondelez International Inc. 2.69%
Altria Group Inc. 2.45%
Colgate-Palmolive Co. 2.36%
Activision Blizzard Inc. 2.31%

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 12/31/20

Index Sector Weightings § Weight
Food, Beverage & Tobacco 35.81%
Automobiles & Components 22.57%
Household & Personal Products 18.74%
Consumer Durables & Apparel 15.67%
Media & Entertainment 4.74%
Retailing 0.95%
Capital Goods 0.92%
Food & Staples Retailing 0.44%
Diversified Financials 0.16%

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