Proshares Ultra Basic Materials Fund
(NYSE: UYM)
Murray, Frank & Sailer LLP is investigating claims on behalf of all individuals and institutions who purchased shares in the Ultra Basic Materials Fund (the "UYM Fund") offered by ProShares Trust ("ProShares"), pursuant or traceable to ProShares's false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement") issued in connection with shares of the UYM Fund (the "Class").
The UYM Fund seeks investment results that correspond to twice the daily performance of the Dow Jones U.S. Basic Materials Index (the "Index"). However, although the Index fell only approximately 22.75 percent from its inception to July 30, 2009, the UYM Fund fell approximately 70.51 percent during this period, much more than twice the losses of the Index.
The complaint alleges that Defendants violated the Securities Act by failing to disclose that if UYM Fund shares are held for a time period longer than one day, the performance of those shares does not track the performance of the Index. In addition, the complaint alleges that if UYM Fund shares are held for a time period longer than one day, there is a significant likelihood of catastrophic losses.
Murray, Frank & Sailer LLP is also investigating claims on behalf of investors in all other ProShares leveraged funds (the "Funds"), including:
| Fund | Ticker |
| UltraShort QQQ | NYSE: QID |
| UltraShort Russell3000 | NYSE: TWQ |
| UltraShort MidCap400 | NYSE: MZZ |
| UltraShort SmallCap600 | NYSE: SDD |
| UltraShort Russell2000 | NYSE: TWM |
| UltraPro Short S&P500 | NYSE: SPXU |
| UltraShort Russell1000 Value | NYSE: SJF |
| UltraShort Russell MidCap Value | NYSE: SJL |
| UltraShort Russell MidCap Growth | NYSE: SDK |
| UltraShort Russell2000 Value | NYSE: SJH |
| UltraShort Russell2000 Growth | NYSE: SKK |
| UltraShort Consumer Goods | NYSE: SZK |
| UltraShort Consumer Services | NYSE: SCC |
| UltraShort Health Care | NYSE: RXD |
| UltraShort Industrials | NYSE: SIJ |
| UltraShort Semiconductors | NYSE: SSG |
| UltraShort Technology | NYSE: REW |
| UltraShort Telecommunications | NYSE: TLL |
| UltraShort Utilities | NYSE: SDP |
| UltraShort MSCI EAFE | NYSE: EFU |
| UltraShort MSCI Europe | NYSE: EPV |
| UltraShort MSCI Pacific ex-Japan | NYSE: JPX |
| UltraShort MSCI Brazil | NYSE: BZQ |
| UltraShort FTSE/Xinhua China 25 | NYSE: FXP |
| UltraShort MSCI Japan | NYSE: EWV |
| UltraShort MSCI Mexico Investable Market | NYSE: SMK |
| UltraShort 7-10 Year Treasury | NYSE: PST |
| UltraShort 20+ Year Treasury | NYSE: TBT |
| UltraShort DJ-UBS Commodity | NYSE: CMD |
| UltraShort Gold | NYSE: GLL |
| UltraShort Silver | NYSE: ZSL |
| UltraShort Euro | NYSE: EUO |
| UltraShort Yen | NYSE: YCS |
| Ultra QQQ | NYSE: QLD |
| Ultra Dow30 | NYSE: DDM |
| Ultra S&P500 | NYSE: SSO |
| Ultra Russell3000 | NYSE: UWC |
| Ultra MidCap400 | NYSE: MVV |
| Ultra SmallCap600 | NYSE: SAA |
| Ultra Russell2000 | NYSE: UWM |
| UltraPro S&P500 | NYSE: UPRO |
| Ultra Russell1000 Value | NYSE: UVG |
| Ultra Russell1000 Growth | NYSE: UKF |
| Ultra Russell MidCap Value | NYSE: UVU |
| Ultra Russell MidCap Growth | NYSE: UKW |
| Ultra Russell2000 Value | NYSE: UVT |
| Ultra Russell2000 Growth | NYSE: UKK |
| Ultra Consumer Goods | NYSE: UGE |
| Ultra Consumer Services | NYSE: UCC |
| Ultra Health Care | NYSE: RXL |
| Ultra Industrials | NYSE: UXI |
| Ultra Real Estate | NYSE: URE |
| Ultra Semiconductors | NYSE: USD |
| Ultra Technology | NYSE: ROM |
| Ultra Telecommunications | NYSE: LTL |
| Ultra Utilities | NYSE: UPW |
| Ultra DJ-UBS Commodity | NYSE: UCD |
| Ultra DJ-UBS Crude Oil | NYSE: UCO |
| Ultra Gold | NYSE: UGL |
| Ultra Silver | NYSE: AGQ |
| Ultra Euro | NYSE: ULE |
| Ultra Yen | NYSE: YCL |
| Ultra MSCI EAFE | NYSE: EFO |
| Ultra MSCI Emerging Markets | NYSE: EET |
| Ultra FTSE/Xinhua China 25 | NYSE: XPP |
| Ultra MSCI Japan | NYSE: EZJ |
| Ultra FTSE/Xinhua China 25 | NYSE: XPP |
| Ultra MSCI Japan | NYSE: EZJ |
If you are a member of the class described above, you may move the Court, not later than March 15, 2010, to serve as Lead Plaintiff for the Class. A Lead Plaintiff is a representative chosen by the Court who acts on behalf of other class members in directing the litigation. If you purchased UYM Fund shares, or any of the Fund shares listed above, and wish to discuss this litigation, or have any questions concerning this notice or your rights or interests with respect to these matters, please contact us.
Contact:
Murray, Frank & Sailer LLP
Brian D. Brooks
212-682-1818
800-497-8076
[email protected]
www.murrayfrank.com
