ProShares UltraShort FTSE Europe Fund (EPV)

Overview

The fund described is a specialized investment vehicle designed to track the performance of Developed European markets, including the United Kingdom. It seeks to achieve this through daily investments in financial instruments chosen with the objective of mirroring the daily target returns of its underlying index. The index in question is a market capitalization-weighted metric that encompasses a broad range of companies across large, mid, and small cap categories within these developed markets. A notable aspect of the fund is its non-diversified status, indicating a focused investment strategy that may involve higher risks and rewards compared to diversified funds.

Products and Services

The fund offers a singular, specialized investment product targeting advanced investors who are interested in the Developed European equity markets:

• Daily Target Return Investment Vehicle: This product aims to provide returns consistent with the daily target, leveraging financial instruments identified by ProShare Advisors. The investment focus is on mirroring the performance of its underlying index, a market capitalization weighted representation of large, middle-sized, and small companies in Developed European markets, including the UK. The approach emphasizes both market growth and value extraction from market fluctuations, appealing to investors seeking to strategically position themselves in European markets. The non-diversified nature of the fund indicates a higher risk and potentially higher reward strategy, focusing on selected sectors or themes within the broader market.