UltraShort DJ-UBS Crude Oil

ProShares UltraShort DJ-UBS Crude Oil seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones^® UBS WTI Crude Oil Subindex^SM.

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Index/Benchmark Summary

The Dow Jones^® UBS WTI Crude Oil Subindex^SM (a sub-index of DJ—UBS Commodity Index) is intended to reflect the crude oil segment of the commodities market. The Index consists of futures contracts on crude oil only. Visit Dow Jones Indexes for more information.

Unlike equities, which entitle the holder to a continuing stake in a corporation, commodity futures contracts specify a delivery date for an underlying physical commodity. The Dow Jones—UBS Commodity Index purchases futures contracts of a commodity, and, as the date for a futures contract comes due, the DJ—UBSCI sells that contract and purchases a new short-term contract with delivery dates a few months out. The Dow Jones—UBS Commodity index thus "rolls" its futures positions, and continually avoids delivery of the physical commodity.

The Dow Jones—UBS Commodity Index is valued using the settlement prices for the underlying futures contracts. The DJ—UBSCI rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month. Each day, 20% of each futures position that is included in the month’s roll is rolled. Not all contracts are rolled every month. Please download "A Primer on Index Calculation and Performance" from djindexes.com for a list of futures and their roll months.

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

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.

The information on this web page relates only to the Dow Jones^® UBS Crude Oil Subindex^SM and is solely for informational purposes. The information is not, and is not intended to be, a complete discussion of the material information an investor should know before investing in ProShares.

This fund may have different tax implications and generate a K-1 tax form.

The "Dow Jones-UBS Commodity Indexes^SM" are a joint product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and UBS Securities LLC ("UBS Securities"). "Dow Jones,^®" "DJ," "Dow Jones Indexes," "UBS" and "Dow Jones-UBS WTI Crude Oil Subindex^SM" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and UBS AG ("UBS AG"), as the case may be, have been licensed to CME Indexes and sublicensed to ProShares. ProShares have not been passed on by these entities as to their legality or suitability. ProShares based on the Dow Jones-UBS Crude Oil Subindex are not sponsored, endorsed, sold or promoted by Dow Jones, UBS AG, UBS Securities, CME Indexes or any of their affiliates. Dow Jones, UBS AG, UBS Securities, CME Indexes and their affiliates make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

This information must be accompanied or preceded by a current ProShares Trust II prospectus.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor. Your use of this site signifies that you accept our Terms and Conditions of Use.

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