This investment product aims to deliver daily returns, before accounting for fees and operating expenses, that precisely mirror two times the opposite (-2x) daily movement of the NYSE Arca Gold Miners Index. To achieve this goal, the fund strategically invests in a range of financial instruments that ProShare Advisors believes will collectively produce daily outcomes consistent with its declared objective. The reference benchmark, the NYSE Arca Gold Miners Index, is a modified market-capitalization weighted index predominantly made up of publicly listed companies involved in gold and silver mining.