This report is intended for general information and should not be used to solicit prospective investors. For more complete information please review the prospectus.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see Performance. See the prospectus for more information.

Shares of these Funds are 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. ProShares entail certain risks, in some or all cases, aggressive investment techniques (futures contracts, options, forward contracts, swap agreements and similar instruments), correlation or inverse correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares should lose money when their benchmarks or indexes rise—a result that is opposite from traditional ETFs. ProShares are non-diversified investments. These risks can increase volatility and decrease performance. Please see the prospectus for a more complete description of these risks.

Carefully consider the investment objectives, risks, and charges and expenses of ProShares before investing. This and other information can be found in their prospectuses. Read the prospectus carefully before investing. Obtain a ProShares prospectus for commodity or currency ETFs and for all other ETFs, and seek advice from your financial adviser or broker/dealer representative. Commodity and currency ETF information must be accompanied by a prospectus. Financial professionals can call ProShares at 866.PRO.5125.

"QQQ^®" and "NASDAQ-100^®" are trademarks of the NASDAQ OMX Group, Inc. "S&P 500^®" Index, S&P MidCap 400^TM Index and S&P SmallCap 600^TM Index are trademarks of The McGraw-Hill Companies, Inc. "Dow Jones," "DJ," "Dow Jones Industrial Average^SM," "The Dow 30^SM," "Dow Jones U.S. Sector Indexes," "Dow Jones Select Sector Indexes," "Dow Jones-UBS Commodity Index^SM," and the names identifying each of the individual "Dow Jones-UBS Sub-Indexes^SM" are service marks of Dow Jones & Company and UBS Securities, LLC, as the case may be. The Russell 2000^® Index, Russell 2000^® Growth Index, Russell 2000^® Value Index, Russell 1000^® Growth Index, Russell 1000^® Value Index, Russell Midcap^® Growth Index, Russell Midcap^® Value Index, are trademarks of the Russell investment Group. MSCI, MSCI Inc., MSCI Index, and EAFE are service marks of MSCI. Barclays Capital and Barclays Capital Inc. are trademarks of Barclays Capital Inc. "Credit Suisse" and "Credit Suisse 130/30 Large-Cap Index^TM", are trademarks of Credit Suisse Securities (USA) LLC or one of its affiliates. "FTSE/Xinhua China 25 is a trademark of FTSE/Xinhua Index Limited ("FXI"). All have been licensed for use by ProShares. "FTSE^®" is a trademark of the London Stock Exchange PLC and The Financial Times Limited and is used by FXI under license. "Xinhua^®" is a trademark of Xinhua Finance Limited and is used by FXI under license. ProShares have not been passed on by these entities or their subsidiaries or affiliates as to their legality of suitability. ProShares are not sponsored, endorsed, sold or promoted by these entities or their subsidiaries or affiliates, and they make no representation regarding the advisability of investing in these products. THESE ENTITIES AND THEIR SUBSIDIARIES AND AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see Performance. See the prospectus for more information.

Shares of these Funds are 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. ProShares entail certain risks, in some or all cases, aggressive investment techniques (futures contracts, options, forward contracts, swap agreements and similar instruments), correlation or inverse correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares should lose money when their benchmarks or indexes rise—a result that is opposite from traditional ETFs. ProShares are non-diversified investments. These risks can increase volatility and decrease performance. Please see the prospectus for a more complete description of these risks.

Carefully consider the investment objectives, risks, and charges and expenses of ProShares before investing. This and other information can be found in their prospectuses. Read the prospectus carefully before investing. Obtain a ProShares prospectus for commodity or currency ETFs and for all other ETFs, and seek advice from your financial adviser or broker/dealer representative. Commodity and currency ETF information must be accompanied by a prospectus. Financial professionals can call ProShares at 866.PRO.5125.

All ETFs are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you seek advice from a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see Performance. See the prospectus for more information.

This information must be preceded or accompanied by a current prospectus. Click here for a prospectus. Investors should read it carefully before investing or sending money.

If you have questions about this information, call Client Services at 866-PRO-5125, Mondays through Fridays from 8 a.m. to 6 p.m. Eastern time.
There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends will be paid.

Carefully consider the investment objectives, risks, and charges and expenses of ProShares before investing. This and other information can be found in their prospectuses. Read the prospectus carefully before investing. Obtain a ProShares prospectus for commodity or currency ETFs and for all other ETFs, and seek advice from your financial adviser or broker/dealer representative. Commodity and currency ETF information must be accompanied by a prospectus. Financial professionals can call ProShares at 866.PRO.5125.

^* Before fees and expenses.

^** Not regulated under the Investment Company Act of 1940. Generates a K-1 tax form. Investing in this ETF involves substantial risk, including loss of principal. This ETF may not be suitable for all investors.

^* Since inception returns are cumulative for funds less than one year old, otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date.

^** Not regulated under the Investment Company Act of 1940. Generates a K-1 tax form. Investing in this ETF involves substantial risk, including loss of principal. This ETF may not be suitable for all investors.

¹ Expenses with Contractual Waiver for 10/1/09 through 9/30/10

² Expense ratio does not include brokerage commissions and related fees paid by the fund.

^** Not regulated under the Investment Company Act of 1940. Generates a K-1 tax form. Investing in this ETF involves substantial risk, including loss of principal. This ETF may not be suitable for all investors.

^** Not regulated under the Investment Company Act of 1940. Generates a K-1 tax form. Investing in this ETF involves substantial risk, including loss of principal. This ETF may not be suitable for all investors.

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