ProShares Launching +/-2x and +/-3x Communication Services ETFs

BETHESDA, Md.–(BUSINESS WIRE)–ProShares
will launch four new ETFs benchmarked to the S&P Communication Services
Select Sector Index next week. The new ETFs (XCOM, UCOM, YCOM and SCOM)
will seek daily investment results that correspond to +/- 2x and +/- 3x
the daily performance of the index, before fees and expenses. The suite
of ETFs will be listed on NYSE Arca.

“ProShares is committed to providing knowledgeable investors with a
comprehensive set of tools for tactical investing,” said Ben Fulton,
managing director of ProShares’ tactical products business. “To that
end, we are particularly excited about adding leveraged and inverse
communication services ETFs to our sector suite.”

The S&P Communication Services Select Sector Index covers the new
communication services sector, which focuses on the evolution of
communication, entertainment and information sharing. The sector brings
together certain FAANG stocks, media giants and telecom leaders, among
others. While this future-oriented corner of the equity market may be
attractive for its long-term growth potential, ProShares leveraged and
inverse communication services ETFs offer the opportunity for investors
to seek profit from short-term moves—both up and down—as well.

                 
ProShares ETF       Ticker       Multiple       Index

Ultra Communication Services Select Sector ETF

     

XCOM

      2x      

S&P Communication Services
Select Sector

UltraPro Communication Services Select Sector ETF

     

UCOM

      3x      

UltraShort Communication Services Select Sector ETF

     

YCOM

      -2x      

UltraPro Short Communication Services Select Sector ETF

     

SCOM

      -3x      
 

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006.
ProShares now offers one of the largest lineups of ETFs, with more than
$28 billion in assets. The company is the leader in strategies such as
dividend growth, interest rate hedged bond, and geared (leveraged and
inverse) ETF investing. ProShares continues to innovate with products
that provide strategic and tactical opportunities for investors to
manage risk and enhance returns.

Geared (leveraged or short) ETFs seek returns that are a multiple (e.g.,
2x or -2x) the return of a 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 as frequently as daily. For more
on risks, please read the prospectus.

Shares of any ETF are generally bought and sold at market price (not
NAV) and are not individually redeemed from the fund. Brokerage
commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Geared
ProShares ETFs are non-diversified and each entails 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
should lose money when their benchmarks or indexes rise. These funds
concentrate their investments in certain sectors. Narrowly focused
investments typically exhibit higher volatility. Please see their
summary and full prospectuses for
a more complete description of risks. There is no guarantee any
ProShares ETF will achieve its investment objective.

Communication services companies may be subject to the potential
obsolescence of products and services, increasing competition,
increasing costs and capital requirements, pricing pressures, shifting
demographics, and federal and state regulations, which can negatively
impact profitability. Companies in the communication services industry
may be more susceptible to cybersecurity issues than companies in other
industries, including hacking, theft of proprietary or consumer
information, and disruptions in service.

The “S&P Communication Services Select Sector Index” is a product of S&P
Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed
for use by ProShares. Standard & Poor’s® and S&P®
are registered trademarks of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a registered trademark of Dow
Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have
been licensed for use by SPDJI and sublicensed for certain purposes by
ProShares. ProShares have not been passed on by SPDJI or its affiliates
as to their legality or suitability. ProShares based on the S&P
Communication Services Select Sector Index are not sponsored, endorsed,
sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates,
or third party licensors; they make no representation regarding the
advisability of investing in ProShares; and they have no liability for
any errors, omissions, or interruptions of the S&P Communication
Services Select Sector Index. THESE ENTITIES, THEIR AFFILIATES AND
THIRD PARTY LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO PROSHARES.

Carefully consider the investment objectives, risks, charges and
expenses of ProShares before investing. This and other information can
be found in their summary and full 
prospectuses.
Read them carefully before investing.

ProShares are distributed by SEI Investments Distribution Co., which is
not affiliated with the funds’ advisor or sponsor.

Contacts

Media:
Tucker Hewes
Hewes Communications, Inc.
212.207.9451
tucker@hewescomm.com

Investors:
ProShares
866.776.5125
ProShares.com