UltraShort S&P500
ProShares UltraShort S&P500 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500®.
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Index/Benchmark Summary
The S&P 500 is a widely used measure of large U.S. stock market performance. It includes a representative sample of leading companies in leading industries. Companies are selected for inclusion in the Index by Standard & Poor's based on adequate liquidity, appropriate market capitalization, financial viability and public float.
As of 3/31/12
Fundamentals
| Total Number of Companies |
Price/Earnings Ratio |
Price/Book Ratio |
Dividend Yield * (%) |
Average Index Market Capitalization |
|---|---|---|---|---|
| 500 | 14.56 | 2.29 | 1.95 | $26.71 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 |
|---|---|
| Apple Inc. | 4.39% |
| Exxon Mobil Corp. | 3.21% |
| International Business Machines Corp. | 1.90% |
| Microsoft Corp. | 1.89% |
| General Electric Co. | 1.67% |
| Chevron Corp. | 1.67% |
| AT&T Inc. | 1.45% |
| The Procter & Gamble Co. | 1.45% |
| Johnson & Johnson | 1.42% |
| Wells Fargo & Co. | 1.41% |
‡ 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 |
|---|---|
| Consumer, Non-Cyclical | 21.49% |
| Technology | 15.72% |
| Financial | 14.83% |
| Energy | 11.31% |
| Industrial | 10.69% |
| Communications | 10.32% |
| Consumer, Cyclical | 8.98% |
| Basic Materials | 3.32% |
| Utilities | 3.30% |
| Diversified | 0.04% |
§ Sum of weightings may not equal 100% due to rounding.