Holiday changes to NAV Calculation Times


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Due to holiday schedules for various securities markets, including NYSE Arca, the NAV calculation time for certain ProShares ETFs will be adjusted as follows:

ProShares ETF NAV calculation time for 12/24/2009 NAV calculation time for 12/28/2009 NAV calculation time for 12/31/2009
Marketcap, Style, Sector, and International ProShares
1 p.m. ET
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Fixed-Income ProShares
1 p.m. ET
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1 p.m. ET
Commodity ProShares
   Ultra and UltraShort Gold No NAV but open for trading on NYSE Arca. No creations/redemptions allowed and no new NAVs calculated due to Boxing Day in UK. No NAV but open for trading on NYSE Arca.
   Ultra and UltraShort Silver
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No creations/redemptions allowed and no new NAVs calculated.
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   Ultra and UltraShort DJ-AIG Commodity
1:30 p.m. ET
No creations/redemptions allowed but NAVs will be calculated.
Creations/redemptions cutoff will be 7:45 a.m. Fund NAV will be priced at normal time of 2:30 p.m.
   Ultra and UltraShort DJ-AIG Crude Oil
1:30 p.m. ET
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Currency ProShares
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ProShares ETFs will not trade on December 25, 2009 and January 1, 2010.

Dec 4, 2009