Ultra FTSE China 50 - XPP Ultra FTSE China 50

ProShares Ultra FTSE China 50 seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the FTSE China 50 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.

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Index/Benchmark Summary

The Index consists of 50 of the largest and most liquid Chinese stocks listed and traded on the Stock Exchange of Hong Kong.

Fundamentals as of 3/31/20

Total Number of Companies 50
Price/Earnings Ratio 7.72
Price/Book Ratio 0.96
Dividend Yield *(%) 3.86
Average Index Market Capitalization $62.26 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 3/31/20

Top 10 Index Companies Weight
Tencent Holdings Ltd. 9.40%
China Construction Bank Corp.-Class H 9.02%
Ping An Insurance (Group) Co.-Class H 7.54%
Industrial & Commercial Bank of China Ltd.-Class H 7.35%
Meituan Dianping-Class B 5.06%
China Mobile Ltd. 4.92%
Bank of China Ltd.-Class H 4.11%
China Merchants Bank-Class H 3.30%
CNOOC Ltd.-ADR 3.22%
China Life Insurance Co. Ltd.-Class H 2.82%

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 3/31/20

Index Sector Weightings § Weight
Financials 46.00%
Communication Services 17.81%
Real Estate 9.44%
Consumer Discretionary 8.51%
Energy 8.37%
Information Technology 3.25%
Industrials 2.79%
Utilities 1.89%
Materials 1.59%
Health Care 0.35%
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§ Sum of weightings may not equal 100% due to rounding.