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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.

ProShares UltraShort Silver is not an investment company regulated under the Investment Company Act of 1940. Please read the prospectus carefully before investing.

This ETF seeks a return of -200% of the return of a benchmark (target) for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their ProShares holdings consistent with their strategies, as frequent as daily. For more on correlation, leverage and other risks, please read 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.

This information must be accompanied or preceded by a current ProShares Trust II Prospectus which may be obtained by clicking here.

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.