ProShares MSCI EAFE Dividend Growers ETF EFAD Strategy

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI EAFE Dividend Masters Index (the "index"). The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies in the index that have consistently increased dividends every year for at least 10 years. The index is designed to measure the performance of large and mid-capitalization companies across 21 developed market countries around the world, excluding the U.S. and Canada.