FAQs

Q&A on Changes to ProShares Lineup

  1. Which ETFs are closing?
  2. Why are you closing these ETFs?
  3. When will these ETFs close?
  4. How can shareholders get their money back?

  • Which ETFs are closing?

    ETFs to be discontinued:

  • Why are you closing these ETFs?

    We continually review our lineup of ETFs to ensure our products meet the changing needs of investors. Investor preferences and client feedback indicate these funds have little long-term demand.

  • When will these ETFs close?

    Trading in these ETFs will be halted before market open on January 9, 2015.

  • How can shareholders get their money back?

    Shareholders can sell their shares up to market close on January 8 with normal brokerage fees. From January 9 through the funds' liquidation date, the funds will not be traded on NYSE Arca and there will be no secondary market for the shares. During this period, each fund will be in the process of liquidating its portfolio and will not be managed in accordance with its investment objective.

    Proceeds of the liquidation are scheduled to be distributed to shareholders on or about January 22, 2015. Any shareholders remaining in the funds on the distribution date will automatically have their shares redeemed for cash at the net asset value as of the liquidation date. The cash distribution will be deposited into the cash portion of their brokerage accounts. These cash distributions are taxable events and shareholders should consult their tax advisors about potential tax consequences.

nvesting involves risk, including the possible loss of principal. ProShares ETFs are generally 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. Short positions lose value as security prices increase. Leverage can increase market exposure and magnify investment risk. These risks can increase volatility and decrease performance. Please see their summary and full prospectus for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

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 FAQs

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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