PROSHARES TRUST
Supplement dated June 27, 2023
to the Funds’ Statement of Additional Information dated October 1, 2022
(as supplemented or amended)
The section titled “Purchase and Redemption of Shares” is replaced in its entirety with the following:
PURCHASE AND REDEMPTION OF SHARES
The Trust issues and redeems Shares only in aggregations of Creation Units. The Creation Unit size and the value of a Creation Unit at inception for each Fund is set forth below.
|
Fund Name |
Creation Unit Size |
Value of Creation Unit at inception |
|
Big Data Refiners ETF |
25,000 |
$1,000,000 |
|
Decline of the Retail Store ETF |
10,000 |
$10,000,000 |
|
DJ Brookfield Global Infrastructure ETF |
10,000 |
$2,000,000 |
|
Equities for Rising Rates ETF |
10,000 |
$1,000,000 |
|
Global Listed Private Equity ETF |
10,000 |
$2,000,000 |
|
Hedge Replication ETF |
10,000 |
$2,000,000 |
|
High Yield—Interest Rate Hedged |
25,000 |
$4,000,000 |
|
Inflation Expectations ETF |
10,000 |
$2,000,000 |
|
Investment Grade—Interest Rate Hedged |
25,000 |
$4,000,000 |
|
K-1 Free Crude Oil Strategy ETF |
25,000 |
$1,000,000 |
|
Large Cap Core Plus |
10,000 |
$2,000,000 |
|
Long Online/Short Stores ETF |
10,000 |
$10,000,000 |
|
Merger ETF |
25,000 |
$2,000,000 |
|
Metaverse ETF |
10,000 |
$400,000 |
|
MSCI EAFE Dividend Growers ETF |
10,000 |
$2,000,000 |
|
MSCI Emerging Markets Dividend Growers ETF |
10,000 |
$1,000,000 |
|
MSCI Europe Dividend Growers ETF |
10,000 |
$4,000,000 |
|
MSCI Transformational Changes ETF |
25,000 |
$1,000,000 |
|
Nanotechnology ETF |
25,000 |
$1,000,000 |
|
Nasdaq-100 Dorsey Wright Momentum ETF |
10,000 |
$400,000 |
|
On-Demand ETF |
25,000 |
$1,000,000 |
|
Online Retail ETF |
10,000 |
$1,000,000 |
|
Pet Care ETF |
25,000 |
$1,000,000 |
|
Russell 2000 Dividend Growers ETF |
10,000 |
$1,000,000 |
|
Russell U.S. Dividend Growers ETF |
10,000 |
$5,250,000 |
|
S&P 500® Bond ETF |
25,000 |
$2,000,000 |
|
S&P 500® Dividend Aristocrats ETF |
50,000 |
$2,000,000 |
|
S&P 500® Ex-Energy ETF |
10,000 |
$4,000,000 |
|
S&P 500® Ex-Financials ETF |
10,000 |
$4,000,000 |
|
S&P 500® Ex-Health Care ETF |
10,000 |
$4,000,000 |
|
S&P 500® Ex-Technology ETF |
10,000 |
$4,000,000 |
|
S&P Kensho Cleantech ETF |
25,000 |
$1,000,000 |
|
S&P Kensho Smart Factories ETF |
25,000 |
$1,000,000 |
|
S&P MidCap 400 Dividend Aristocrats ETF |
10,000 |
$1,000,000 |
|
S&P Technology Dividend Aristocrats ETF |
10,000 |
$5,250,000 |
|
Short 7-10 Year Treasury |
25,000 |
$1,000,000 |
|
Short 20+ Year Treasury |
50,000 |
$2,500,000 |
|
Short Dow30SM |
50,000 |
$5,250,000 |
|
Short Financials |
50,000 |
$5,250,000 |
|
Short FTSE China 50 |
50,000 |
$2,500,000 |
|
Short High Yield |
50,000 |
$4,000,000 |
|
Short MidCap400 |
25,000 |
$5,250,000 |
|
Short MSCI EAFE |
50,000 |
$5,250,000 |
|
Short MSCI Emerging Markets |
50,000 |
$5,250,000 |
|
Short QQQ® |
50,000 |
$5,250,000 |
|
Short Real Estate |
25,000 |
$2,500,000 |
|
Short Russell2000 |
50,000 |
$5,250,000 |
|
Short S&P500® |
25,000 |
$5,250,000 |
|
Short SmallCap600 |
10,000 |
$5,250,000 |
|
Smart Materials ETF |
25,000 |
$1,000,000 |
|
Supply Chain Logistics ETF |
25,000 |
$1,000,000 |
|
Ultra 7-10 Year Treasury |
10,000 |
$3,500,000 |
|
Ultra 20+ Year Treasury |
25,000 |
$3,500,000 |
|
Ultra Communication Services |
10,000 |
$5,250,000 |
|
Ultra Consumer Discretionary |
10,000 |
$5,250,000 |
|
Ultra Consumer Staples |
10,000 |
$5,250,000 |
|
Ultra Dow30SM |
50,000 |
$5,250,000 |
|
Ultra Energy |
50,000 |
$5,250,000 |
|
Ultra Financials |
50,000 |
$5,250,000 |
|
Ultra FTSE China 50 |
10,000 |
$3,000,000 |
|
Ultra FTSE Europe |
10,000 |
$1,500,000 |
|
Ultra Health Care |
10,000 |
$5,250,000 |
|
Ultra High Yield |
10,000 |
$2,000,000 |
|
Ultra Industrials |
10,000 |
$5,250,000 |
|
Ultra Materials |
25,000 |
$5,250,000 |
|
Ultra MidCap400 |
50,000 |
$5,250,000 |
|
Ultra MSCI Brazil Capped |
10,000 |
$1,500,000 |
|
Ultra MSCI EAFE |
10,000 |
$3,000,000 |
|
Ultra MSCI Emerging Markets |
25,000 |
$3,000,000 |
|
Ultra MSCI Japan |
10,000 |
$3,000,000 |
|
Ultra Nasdaq Biotechnology |
25,000 |
$3,000,000 |
|
10,000 |
$1,000.000 |
|
|
Ultra Nasdaq Cybersecurity |
10,000 |
$1,000,000 |
|
Ultra QQQ® |
50,000 |
$5,250,000 |
|
Ultra Real Estate |
25,000 |
$5,250,000 |
|
Ultra Russell2000 |
50,000 |
$5,250,000 |
|
Ultra S&P500® |
50,000 |
$5,250,000 |
|
Ultra Semiconductors |
10,000 |
$5,250,000 |
|
Ultra SmallCap600 |
10,000 |
$5,250,000 |
|
Ultra Technology |
10,000 |
$5,250,000 |
|
Ultra Utilities |
10,000 |
$5,250,000 |
|
UltraPro Dow30SM |
50,000 |
$4,000,000 |
|
UltraPro MidCap400 |
10,000 |
$4,000,000 |
|
UltraPro QQQ® |
50,000 |
$4,000,000 |
|
UltraPro Russell2000 |
50,000 |
$4,000,000 |
|
UltraPro S&P500® |
50,000 |
$4,000,000 |
|
UltraPro Short 20+ Year Treasury |
50,000 |
$1,250,000 |
|
UltraPro Short Dow30SM |
50,000 |
$4,000,000 |
|
UltraPro Short MidCap400 |
10,000 |
$4,000,000 |
|
UltraPro Short QQQ® |
50,000 |
$4,000,000 |
|
UltraPro Short Russell2000 |
50,000 |
$4,000,000 |
|
UltraPro Short S&P500® |
50,000 |
$4,000,000 |
|
UltraShort 7-10 Year Treasury |
50,000 |
$5,250,000 |
|
UltraShort 20+ Year Treasury |
50,000 |
$5,250,000 |
|
UltraShort Consumer Discretionary |
10,000 |
$5,250,000 |
|
UltraShort Consumer Staples |
10,000 |
$5,250,000 |
|
UltraShort Dow30SM |
50,000 |
$5,250,000 |
|
UltraShort Energy |
50,000 |
$5,250,000 |
|
UltraShort Financials |
25,000 |
$5,250,000 |
|
UltraShort FTSE China 50 |
50,000 |
$5,250,000 |
|
UltraShort FTSE Europe |
25,000 |
$2,000,000 |
|
UltraShort Health Care |
10,000 |
$5,250,000 |
|
UltraShort Industrials |
10,000 |
$5,250,000 |
|
UltraShort Materials |
25,000 |
$5,250,000 |
|
UltraShort MidCap400 |
25,000 |
$5,250,000 |
|
UltraShort MSCI Brazil Capped |
25,000 |
$3,000,000 |
|
UltraShort MSCI EAFE |
25,000 |
$5,250,000 |
|
UltraShort MSCI Emerging Markets |
10,000 |
$5,250,000 |
|
UltraShort MSCI Japan |
10,000 |
$5,250,000 |
|
UltraShort Nasdaq Biotechnology |
25,000 |
$3,000,000 |
|
UltraShort QQQ® |
50,000 |
$5,250,000 |
|
UltraShort Real Estate |
25,000 |
$5,250,000 |
|
UltraShort Russell2000 |
50,000 |
$5,250,000 |
|
UltraShort S&P500® |
50,000 |
$5,250,000 |
|
UltraShort Semiconductors |
10,000 |
$5,250,000 |
|
UltraShort SmallCap600 |
10,000 |
$5,250,000 |
|
UltraShort Technology |
10,000 |
$5,250,000 |
|
UltraShort Utilities |
10,000 |
$5,250,000 |
The Board of Trustees of the Trust reserves the right to declare a split or a consolidation in the number of Shares outstanding of a Fund, and may make a corresponding change in the number of Shares constituting a Creation Unit, in the event that the per Share price in the secondary market rises (or declines) to an amount that falls outside the range deemed desirable by the Board.
For more information, please contact the Fund at 1-866-776-5125.
Please retain this supplement for future reference.