The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index represents the communication services sector of the S&P 500 Index. The Index is one of eleven S&P Select Sector Indices each designed to measure the performance of a sector of the S&P 500. Sectors are assigned using the Global Industry Classification Standard, which classifies securities primarily based on revenues.