Short Basic Materials
ProShares Short Basic Materials seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the Dow Jones U.S. Basic Materials IndexSM.
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Index/Benchmark Summary
The Dow Jones U.S. Basic Materials IndexSM measures the performance of the basic materials industry of the U.S. equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals,commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.
As of 3/31/12
Fundamentals
| Total Number of Companies |
Price/Earnings Ratio |
Price/Book Ratio |
Dividend Yield * (%) |
Average Index Market Capitalization |
|---|---|---|---|---|
| 68 | 14.22 | 2.24 | 2.07 | $6.99 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.
| Top 10 Index Companies ‡ | Weight |
|---|---|
| E.I. du Pont de Nemours and Co. | 10.37% |
| Dow Chemical Co. | 8.55% |
| Freeport-McMoRan Copper & Gold Inc. | 7.53% |
| Praxair Inc. | 7.32% |
| Newmont Mining Corp. | 5.29% |
| Air Products & Chemicals Inc. | 3.83% |
| The Mosaic Co. | 3.45% |
| LyondellBasell Industries N.V.-Class A | 3.12% |
| PPG Industries Inc. | 3.11% |
| International Paper Co. | 2.98% |
‡ 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 |
|---|---|
| Chemicals | 61.12% |
| Industrial Metals | 20.99% |
| Mining | 13.95% |
| Forestry & Paper | 3.94% |
§ Sum of weightings may not equal 100% due to rounding.