ProShares Russell US Dividend Growers ETF TMDV Strategy

The investment seeks investment results, before fees and expenses, that track the performance of the Russell 3000® Dividend Elite 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 Russell 3000 Index that have consistently increased dividends each year for at least the last 35 years. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics.