TWM: ProShares UltraShort Russell2000 Price, Fees and

The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Russell 2000® Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a measure of small-cap U.S. stock market performance. The fund is non-diversified.

Largest Holdings

Amount	Holding
28.98%	Russell 2000 Index Swap Citibank Na
23.92%	Russell 2000 Index Swap Bank Of America Na
17.48%	Russell 2000 Index Swap Ubs Ag
17.43%	Russell 2000 Index Swap Societe Generale
13.30%	Russell 2000 Index Swap Bnp Paribas
11.95%	Ishares Russell 2000 Swap Morgan Stanley & Co. International Plc
5.28%	E-mini Russell 2000 Index Future June 20
5.10%	United States Treasury Bills

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TWM : ProShares UltraShort Russell2000

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Fund Summary

Largest Holdings

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