The ProShares UltraShort Russell MidCap Growth (Ticker: SDK) seeks daily investment results, before fees and expenses, that correspond to TWICE (200%) the INVERSE (opposite) of the daily performance of the Russell MidCap Growth Index. This index measures the GROWTH segment of the Russell Midcap Index. Russell ranks each common U.S. stock from the largest to the smallest market capitalization. The top 3,000 stocks become the Russell 3,000 Index. The largest 1,000 stocks become the Russell 1000 Index. THE RUSSEL MIDCAP INDEX INCLUDES THE SMALLEST 800 SECURITIES IN THE RUSSEL 1000. The next 2,000 stocks become the Russell 2000 Index. The smallest 1,000 in the Russell 2000 index plus the next smallest 1,000 comprise the Russell MicroCap Index. The index is market cap-weighted (float adjusted) and includes only common stocks incorporated in the United States and its territories. The index is reconstituted annually in June. Component stocks are ranked by the Price-to-book ration and the I/B/E/S forecast long term growth mean. Both scores are combines to create a composite value score (CVS) for each stock. Stocks are ranked and a non-linear probability algorithm is applied to determine style membership weights. 70% of stocks are classified as all value or all growth and 30% are weighted proportionately to both value & growth.