UltraShort Technology - REW UltraShort Technology

ProShares UltraShort Technology 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. TechnologySM Index.

This short ProShares ETF seeks a return that is -2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, 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 consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

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Index/Benchmark Summary

The Dow Jones U.S. Technology Index measures the performance of the technology sector of the U.S. equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.

Fundamentals as of 6/29/18

Total Number of Companies 137
Price/Earnings Ratio 22.53
Price/Book Ratio 5.64
Dividend Yield *(%) 1.19
Average Index Market Capitalization $41.26 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 6/29/18

Top 10 Index Companies Weight
Apple Inc. 16.59%
Microsoft Corp. 13.82%
Facebook Inc.-Class A 8.50%
Alphabet Inc.-Class C 6.18%
Alphabet Inc.-Class A 6.15%
Intel Corp. 4.22%
Cisco Systems Inc. 3.69%
NVIDIA Corp. 2.62%
Oracle Corp. 2.39%
Adobe Systems Inc. 2.19%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Sector Weightings § Weight
Software & Services 54.93%
Technology Hardware & Equipment 24.95%
Semiconductors & Semiconductor Equipment 18.75%
Health Care Equipment & Services 0.75%
Telecommunication Services 0.46%
Consumer Durables & Apparel 0.12%
Commercial & Professional Services 0.03%

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