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ProShares Names Industry Pioneer Benjamin Fulton to Lead Tactical Products Business


ProShares, a premier provider of ETFs, today announced that Ben Fulton
has been named to the role of Managing Director. As a member of senior
management, Mr. Fulton will contribute to the firm's strategy and
growing its business. He will report to ProShares CEO Michael L. Sapir.

Mr. Fulton's principal responsibilities will include overseeing the
company's tactical products business. These products include all
ProShares' and ProFunds' geared (leveraged and inverse) and volatility
ETFs and mutual funds, which represent over $28 billion in assets.

"I am delighted to have Ben join our senior leadership and for him to
help drive our business into the future," said Mr. Sapir. "Ben's
leadership capabilities and the depth and breadth of his experience in
the ETF industry are exceptionally rare."

"I've always admired ProShares, and I am excited to join such a
longstanding and innovative leader in the financial industry," Mr.
Fulton said. "I look forward to leading a focused and driven effort to
grow the company's tactical products lineup, which can play an important
role for knowledgeable investors."

Mr. Fulton brings with him more than 30 years of experience in the
global financial services industry. Most recently, Mr. Fulton was Chief
Executive Officer of Elkhorn Investments, a company he founded in 2013.
Previously, as Managing Director of the Global ETF Business for Invesco,
he had day-to-day responsibility over the PowerShares ETF business.
Prior to Invesco PowerShares, Mr. Fulton held senior roles at Claymore
Securities (Guggenheim), and Nuveen Investments. Over the years, he and
his product development teams have won eight William F. Sharpe Most
Innovative ETF Awards. Mr. Fulton holds a bachelor's degree in Business
Administration and Management from Taylor University in Indiana. He
holds Series 3, 7, 24, 30, 63 and 66 FINRA registrations.

About ProShares | ProFunds:
ProShares and its affiliates
have been at the forefront of the indexing revolution since 1997.
ProShares offers one of the largest lineups of ETFs, with more than $30
billion in assets. The company is the leader in strategies such as
dividend growth, alternative and geared (leveraged and inverse).
ProShares continues to innovate with products that provide strategic and
tactical opportunities for investors to manage risk and enhance returns.
ProFunds, its mutual fund affiliate, manages index funds across a wide
spectrum of asset classes, including broad-based equities, sectors,
fixed income, commodities and currencies.

July 25, 2018

ProShares is the leader in dividend growth, alternative and geared
(leveraged and inverse) strategies; Source: ProShares, Strategic Insight
and Lipper, based on number of funds and/or assets, as of 12/31/17.

Investing involves risk, including the possible loss of principal.
Geared ProShares ETFs and ProFunds mutual funds entail certain risks,
which may include risk associated with the use of derivatives (swap
agreements, futures contracts and similar instruments), imperfect
benchmark correlation, leverage and market price variance, all of which
can increase volatility and decrease performance. Short ProShares ETFs
and ProFunds mutual funds should lose money when their benchmarks or
indexes rise. Geared ProShares ETFs are non-diversified. Please see
their summary and full prospectuses for a more complete description of
risks. There is no guarantee any investment will achieve its
investment objective. Past performance is no guarantee of future results.

Carefully consider the investment objectives, risks, charges and
expenses of ProShares and ProFunds before investing. This and other
information can be found in summary and full prospectuses. Read them
carefully before investing. For a ProShares ETF prospectus, visit
or obtain one from your financial advisor or broker-dealer
representative. For a ProFunds mutual fund prospectus, visit

ProShares ETFs are distributed by SEI Investments Distribution Co.,
which is not affiliated with the funds' advisor or sponsor. ProFunds
Distributors, Inc. is distributor for ProFunds mutual funds. SEI
Investments Distribution Co. is not affiliated with ProFunds or ProFunds
Distributors. ©2018 PSA 2018-4813

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