With the broadest available lineup of geared (leveraged and inverse) ETFs, ProShares provides a robust range of tools for acting on views about near-term trends or market movements. ProShares ETFs allow investors to:

• Seek magnified (leveraged) exposure or seek to profit from declines (inverse)
• Get a target level of exposure for less cash (leveraged)
• Implement specialized strategies, like capturing alpha without beta (inverse)

UltraPro 3x and -3x ETFs offer a more cost-effective way to capitalize on market opportunities and achieve desired daily exposure than shorting, borrowing or margining securities directly.

How ProShares UltraPro ETFs Work

UltraPro and UltraPro Short ETFs seek returns that are 3x and -3x, respectively, of the daily return of the indexes they track. For example:

• On an up day, when the index for an UltraPro ETF gains 1%, a 3x leveraged fund is designed to gain about 3% and a -3x inverse fund is designed to lose about 3%, before fees and expenses.
• But on a down day, when the index loses 1%, a 3x leveraged fund is designed to lose roughly 3% and a -3x inverse fund is designed to gain roughly 3%, before fees and expenses.

Daily Investment Objectives

These UltraPro or UltraPro Short ETFs seek returns that are 3x or -3x the return of an index or other benchmark (target) for a single day . as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

There is no guarantee any ProShares ETF will achieve its investment objective.

Questions?

ProShares offers the nation’s largest lineup of alternative ETFs. We help investors build better portfolios by providing access to alternative investments delivered with the liquidity, transparency and cost effectiveness of ETFs.

Have questions about ProShares or our alternative ETFs? Contact your financial professional or call ProShares at 866.776.5125.