Ultra Real Estate - URE Ultra Real Estate

ProShares Ultra Real Estate seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Real EstateSM Index.

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 Dow Jones U.S. Real Estate Index measures the performance of the real estate industry of the U.S. equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments; and real estate investment trusts ("REITs") that invest in apartments, office and retail properties. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests.

Fundamentals as of 12/31/20

Total Number of Companies 82
Price/Earnings Ratio 54.00
Price/Book Ratio 2.80
Dividend Yield *(%) 3.47
Average Index Market Capitalization $14.08 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
American Tower Corp.-Class A 8.78%
Prologis Inc. 6.49%
Crown Castle International Corp. 6.05%
Equinix Inc. 5.60%
Digital Realty Trust 3.44%
CoStar Group Inc. 3.21%
Public Storage 3.09%
SBA Communications Corp. 2.76%
Simon Property Group Inc.-Class A 2.46%
Welltower Inc. 2.38%

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
Equity Real Estate Investment Trusts 90.96%
Professional Services 3.21%
Mortgage Real Estate Investment Trusts 2.99%
Real Estate Management & Development 2.84%

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

Index Sector Weightings


Composed of a single sector.