Ultra FTSE Europe - UPV Ultra FTSE Europe

ProShares Ultra FTSE Europe seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the FTSE Developed Europe All Cap 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 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.

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

  • Considerations for Geared Investing – Learn More
  • Learn more about measuring international fund correlation versus the index.

Index/Benchmark Summary

The FTSE Developed Europe All Cap Index® is a free float-adjusted marketcap weighted index representing the performance of large, mid and small cap companies in Developed European markets, including the UK. The index is comprised of securities from the following 15 countries: Austria, Belgium/Luxembourg, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

Fundamentals as of 6/30/21

Total Number of Companies 1,288
Price/Earnings Ratio 45.55
Price/Book Ratio 2.55
Dividend Yield *(%) 1.92
Average Index Market Capitalization $12.82 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
Nestle SA 2.83%
ASML Holding NV 2.19%
Roche Holding AG 2.10%
LVMH Moet Hennessy Louis Vuitton SE 1.57%
Novartis AG 1.55%
AstraZeneca plc 1.27%
SAP SE 1.26%
Unilever plc 1.23%
Novo Nordisk A/S-Class B 1.09%
Siemens AG 0.96%

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 Country Weightings § Weight
United Kingdom 20.32%
France 15.45%
Switzerland 14.81%
Germany 13.86%
Other 9.75%
Netherlands 8.21%
Sweden 6.36%
Spain 3.85%
Denmark 3.82%
Italy 3.57%

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