ProShares UltraShort MSCI EAFE (EFU)

Overview

The fund described operates as an investment tool designed to track the performance of non-U.S. developed markets while excluding the market spaces of the United States and Canada. Managed by ProShare Advisors, this financial instrument aims to achieve daily return objectives that align with its Daily Target. The target market encompasses a broad spectrum, covering about 85% of the market capitalization present in developed countries outside of North America. Given its specific focus, the fund takes a non-diversified approach to its investment strategy, concentrating its investments in a way that seeks to mirror the daily performance outcomes aligned with its pre-defined target.

Products and Services

• Daily Target Tracking Financial Instruments

  This product category refers to a variety of financial instruments curated by ProShare Advisors. The selection is meticulously crafted to ensure that, when combined, these instruments are capable of producing returns that are in alignment with the fund's Daily Target. Through this strategic selection, the fund aims to match or exceed the daily performance objectives it sets, leveraging these instruments as the core components of its investment strategy.

• Developed Market Coverage (excluding U.S. and Canada)

  As a focal point of its investment strategy, the fund invests in markets across developed countries, deliberately excluding the United States and Canada from its scope. This decision strategically positions the fund to tap into the growth and stability offered by developed markets while simultaneously diversifying its investment portfolio away from North American economies. The index that the fund tracks is comprehensive, covering approximately 85% of the market capitalization found in these selected developed countries, thereby offering investors a broad exposure to international markets.