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ProShares S&P 500 Ex-Technology ETF to Change Index

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ProShares, a premier provider of ETFs, today announced that its S&P 500
Ex-Technology ETF (SPXT) will be changing its index effective on or
about September 21, 2018.

The ETF's new index, the S&P 500 Ex-Information Technology Index, is
designed to provide exposure to the companies of the S&P 500 Index with
the exception of those companies in the Information Technology sector.

New Index Details

Ticker   ETF Name   Current Index   New Index

SPXT

 

S&P 500 Ex-Technology
ETF

 

S&P 500 Ex-Information
Technology & Telecommunications
Services Index

 

S&P 500 Ex-Information
Technology Index

The Fund will have the following investment objective:

  • ProShares S&P 500 Ex-Technology ETF seeks investment results, before
    fees and expenses, that track the performance of the S&P 500
    Ex-Information Technology Index.

No other changes are being made to the ETF at this time.

About ProShares

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.

August 27, 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.
There is no guarantee any investment will achieve its investment
objective. The Fund entails certain risks, including imperfect benchmark
correlation and market price variance, that may decrease performance.
This fund is exposed to the stocks of large-cap companies, which tend to
go through cycles of outperformance or underperformance lasting up to
several years relative to other segments of the stock market. As a
result, large-cap returns may trail the returns of the overall stock
market.

Carefully consider the investment objectives, risks, charges and
expenses of ProShares 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 ProShares.com or obtain
one from your financial advisor or broker-dealer representative.

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 2018-5484

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