Ultra MidCap400

ProShares Ultra MidCap400 seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P MidCap 400^®.

This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and 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. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

ProShares Perspective on New SEC Regulations of Mutual Funds and ETFs

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Month-End Total Returns as of 8/31/21

	1 mo	3 mo	6 mo	YTD	1 yr	3 yr	5 yr	10 yr	Inception^†	Inception Date	Exp. Ratio	Net Exp.¹
NAV	3.67%	1.50%	20.32%	40.09%	98.89%	13.30%	19.55%	21.89%	13.26%	6/19/06	1.06%	0.95%
Market Price	3.87%	1.56%	20.69%	40.24%	99.21%	13.32%	19.58%	21.89%	13.26%	6/19/06	1.06%	0.95%

Quarter-End Total Returns as of 6/30/21

	1 mo	3 mo	6 mo	YTD	1 yr	3 yr	5 yr	10 yr	Inception^†	Inception Date	Exp. Ratio	Net Exp.¹
NAV	-2.36%	6.35%	34.77%	34.77%	122.78%	15.27%	20.77%	18.37%	13.13%	6/19/06	1.06%	0.95%
Market Price	-2.39%	6.32%	34.78%	34.78%	122.90%	15.22%	20.75%	18.38%	13.12%	6/19/06	1.06%	0.95%

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. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. 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.

MVV Performance Chart

Chart data from Thomson Reuters. Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded. Data is delayed at least 15 minutes.

^† 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 listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

¹ The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please view the Overview tab above.