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ProShares 3x Leveraged and Inverse Financial Sector ETFs change benchmark index

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ProShares 3x leveraged and inverse financial sector equity ETFs will be changing their benchmark from the Dow Jones US Financials Index to the S&P Financial Select Sector Index.

The index change, and a change to the funds’ names from UltraPro Financials to UltraPro Financial Select Sector (FINU) and UltraPro Short Financials to UltraPro Short Financial Select Sector (FINZ), will be effective on or about 4 November, 2015.
 
The ETFs will have the following investment objectives:
 
• FINU will seek daily investment results, before fees and expenses, that correspond to 3x the daily performance of the S&P Financial Select Sector Index.
 
• FINZ will seek daily investment results, before fees and expenses, that correspond to -3x the daily performance of the S&P Financial Select Sector Index.
 
No other changes are being made to the ETFs at this time.

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