BETHESDA, Md.--(BUSINESS WIRE)--Aug 27, 2018--ProShares, a premier provider of ETFs, today announced that its S&P 500 Ex-Technology ETF (SPXT) will be changing its index effective on or about September 21, 2018.

The ETF’s new index, the S&P 500 Ex-Information Technology Index, is designed to provide exposure to the companies of the S&P 500 Index with the exception of those companies in the Information Technology sector.

New Index Details

The Fund will have the following investment objective:

ProShares S&P 500 Ex-Technology ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Information Technology Index.

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

About ProShares

ProShares and its affiliates have been at the forefront of the indexing revolution since 1997. ProShares offers one of the largest lineups of ETFs, with more than $30 billion in assets. The company is the leader in strategies such as dividend growth, alternative and geared (leveraged and inverse). ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. ProFunds, its mutual fund affiliate, manages index funds across a wide spectrum of asset classes, including broad-based equities, sectors, fixed income, commodities and currencies.

August 27, 2018

ProShares is the leader in dividend growth, alternative and geared (leveraged and inverse) strategies; Source: ProShares, Strategic Insight and Lipper, based on number of funds and/or assets, as of 12/31/17.

Investing involves risk, including the possible loss of principal. There is no guarantee any investment will achieve its investment objective. The Fund entails certain risks, including imperfect benchmark correlation and market price variance, that may decrease performance. This fund is exposed to the stocks of large-cap companies, which tend to go through cycles of outperformance or underperformance lasting up to several years relative to other segments of the stock market. As a result, large-cap returns may trail the returns of the overall stock market.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in summary and full prospectuses. Read them carefully before investing. For a ProShares ETF prospectus, visit ProShares.com or obtain one from your financial advisor or broker-dealer representative.

ProShares ETFs are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor. ProFunds Distributors, Inc. is distributor for ProFunds mutual funds. SEI Investments Distribution Co. is not affiliated with ProFunds or ProFunds Distributors. ©2018 PSA 2018-5484

View source version on businesswire.com:https://www.businesswire.com/news/home/20180827005589/en/

CONTACT: Media:

Tucker Hewes, 212-207-9451

Hewes Communications, Inc.

tucker@hewescomm.com

or

Investors:

ProShares, 866-776-5125

ProShares.com

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: ProShares

Copyright Business Wire 2018.

PUB: 08/27/2018 05:16 PM/DISC: 08/27/2018 05:16 PM

http://www.businesswire.com/news/home/20180827005589/en