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ProShares Inflation ETF to change index and name

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ProShares; inflation exchange traded fund (ETF) (RINF) will be changing its benchmark to the Citi 30-Year TIPS (Treasury Rate-Hedged) Index. 

The ETF’s name also will be changing from ProShares 30 Year TIPS/TSY Spread to  ProShares Inflation Expectations ETF. These changes will be effective on or about April 15, 2016.
 
RINF’s objective will be to seek investment results, before fees and expenses, that track the performance of the Citi 30-Year TIPS (Treasury Rate-Hedged) Index. Both the current and the new index consist of long positions in TIPS and short positions in Treasurys, and are measures of the 30-year breakeven rate of inflation or BEI. The 30-year BEI is considered to be a measure of the market’s expectations for inflation over the next 30 years.

No other changes are being made to the ETF at this time.

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