The ProShares Ultra Real Estate (URE) fund is structured to deliver daily investment returns that are precisely double (2x) the daily performance of its benchmark, the S&P Real Estate Select SectorSM Index. This objective is measured before the subtraction of any applicable fees and expenses.

Welltower Inc.

Prologis, Inc.

Equinix, Inc.

American Tower Corporation

Digital Realty Trust, Inc.

Simon Property Group, Inc.

Public Storage

Realty Income Corporation

Ventas, Inc.

Iron Mountain Incorporated

Real Estate

Cash & Others

Financial Services

Basic Materials

ProShares Ultra Real Estate

URE provides 2x leveraged exposure to the S&P Real Estate Select Sector Index a market cap-weighted index of US real estate companies, as classified by S&P Dow Jones. The underlying index does a good job of capturing the US real estate space. On the other hand, URE is designed as a short-term trading vehicle rather than a long-term investmentcompounding and path dependency make its long-term returns difficult to predict. Aside from the daily compounding of returns, URE also engages in daily rebalancing. The index undergoes annual reconstitution and quarterly review. Prior to March 17, 2023, the fund tracked the Dow Jones US Real Estate Index.

URE Holdings & Sector Breakdown

URE Holdings & Sector Breakdown