GDXXFACT SHEET As of 6/30/19

PROSHARES ULTRA GOLD MINERS

Fund objective

ProShares Ultra Gold Miners seeks dailyinvestment results, before fees and expenses,that correspond to two times (2x) the dailyperformance of the NYSE Arca Gold MinersIndex SM.

Fund details

Inception Date 2/12/15

Trading Symbol GDXX

Intraday Symbol GDXX.IV

Bloomberg Index Symbol GDM

CUSIP 74347B482

Exchange NYSE Arca

Net Assets $15.43 million

Gross Expense Ratio 1.99%

Net Expense Ratio1 1.28%

Annual operating expenses 1

Acquired Fund Fees and Expenses 0.33%

Gross Expense Ratio 1.99%

Net Expense Ratio 1.28%

Uses for magnified exposure

Common uses for magnified exposure include:

Seeking magnified gains(will also magnify losses)Getting a target level of exposure for less cashOverweighting a market segment without additional cash

Fund performance and index history2

ProShares Ultra Gold Miners seeks a return that is 2x the return of its index(target) for a single day, as measured from one NAV calculation to thenext. Due to the compounding of daily returns, returns over periods other than oneday will likely differ in amount and possibly direction from the target return for thesame period. These effects may be more pronounced in funds with larger orinverse multiples and in funds with volatile benchmarks. Investors should monitorholdings as frequently as daily. For more on risks, please read the prospectus.

Year to Fund2Q 2019 Date 1-Year 3-Year 5-Year Inception

26.62% 39.72% 18.57% -15.46% - -6.78%

26.41% 39.32% 18.18% -15.52% - -6.80%

14.34% 21.81% 16.02% -1.67% - 5.48%

ProShares Ultra Gold MinersNAV Total Return

ProShares Ultra Gold MinersMarket Price Total Return

NYSE Arca Gold Miners Index

Periods greater than one year are annualized.

Daily performance of GDXX vs. index during 2Q 2019

Daily

chan

ge in

GDX

X NA

V

-6% -3% 3% 6%

1 1 1 1 1

10%

5%

-5%

-10%

1 1 1 1 1

Daily change in index return

Correlation 3= 0.99Beta 4= 2.00

The scatter graph chartsthe daily NAV-to-NAVresults of the fund againstits underlying index returnon a daily basis.

Daily return during 2Q 2019

-10%

-5%

0%

5%

10%

ProShares Ultra Gold Miners (GDXX) NYSE Arca Gold Miners Index

April 19 May 19 June 19

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate sothat an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performancequoted. Performance data current to the most recent month-end may be obtained by calling 866.776.5125 or visiting ProShares.com. Index performance does notreflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in any index.Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in theirsummary and full prospectuses. Read them carefully before investing. Obtain them from your financial advisor or broker-dealer representative or visitProShares.com. ProShares are not suitable for all investors.1Expenses with Contractual Waiver through September 30, 2019. Without the fee waiver performance would likely be lower."Net expense ratio" is the total annualfees and expenses after waivers and acquired fund fees. See prospectus for more detail.²Returns are based on the composite closing price and do not represent thereturns you would receive if you traded shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used tocalculate market returns prior to the first trade date. ³"Correlation" is a measure of the strength and direction of a linear relationship between two variables.4"Beta" is a measure of the slope, which is the steepness of the line drawn through the fund return vs. the benchmark return on a daily basis.©2019 PSA 2015-2998

Index description

The NYSE Arca Gold Miners Index is amodified market capitalization-weightedindex primarily composed of publiclytraded companies involved in the miningfor gold and silver. The weight ofcompanies whose revenues are moresignificantly exposed to silver mining willnot exceed 20% of the index at the timeof the index’s rebalance.

Index characteristics

Number of Companies 44

Average Market Cap $10.86 billion

Price/Book Ratio 1.79

Dividend Yield 0.89%

Volatility 5 22.24%

For more information, visit

ProShares.com or ask your

financial advisor or broker.

Top 10 index companies Weights

Newmont Mining Corp. 11.92%

Barrick Gold Corp. 10.44%

Newcrest Mining Ltd. 6.52%

Franco-Nevada Corp. 6.01%

Agnico Eagle Mines Ltd. 5.04%

Wheaton Precious Metals Corp. 4.79%

Kirkland Lake Gold Ltd. 4.62%

AngloGold Ashanti Ltd. 4.36%

Royal Gold Inc. 3.97%

Northern Star Resources Ltd. 3.10%

Index geography Weights6

Canada 48.24%

United States 17.91%

Australia 17.29%

South Africa 7.73%

Peru 2.71%

China 2.07%

Brazil 1.41%

Ivory Coast 1.04%

Egypt 1.00%

Others 0.56%

5"Volatility" refers to annualized standard deviation, a statistical measure that captures the variations from the mean of an index's returns and that is often usedto quantify the risk of the index over a specific time period. The higher the volatility, the more an index's returns fluctuate over time. 6Sum of weightings may notequal 100% due to rounding.Investing involves risk, including the possible loss of principal. These ProShares ETFs are non-diversified and entail certain risks, including risk associated withthe use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of whichcan increase volatility and decrease performance. International investments may involve risks from geographic concentration, differences in valuation and valuationtimes, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and economic or political instability. Investments in smallercompanies typically exhibit higher volatility. Smaller company stocks also may trade at greater spreads or lower trading volumes, and may be less liquid than stocks oflarger companies. In emerging markets, many risks are heightened, and lower trading volumes may occur. Please see the summary and full prospectuses for a morecomplete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.These ETFs are subject to risks faced by the gold and silver mining industries, including risks related to changes in the price of gold and silver. Gold and silver miningcompanies may also be adversely affected by changing inflation expectations, the availability of alternatives, disruptions in the supply chain, rising production costs,rising regulatory compliance costs, increased environmental regulations, and changes in industrial, government and global consumer demand. Gold and silver miningcompanies may dramatically outperform or underperform more traditional equity investments.ProShares may invest in equity securities and/or financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark. Derivative contractsare priced to include the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives and other financial instruments, their dividend distributions may not reflect those of theirapplicable indexes.The "NYSE Arca Gold Miners Index SM" is a service mark of NYSE or its affiliates ("NYSE") and has been licensed for use by ProShares. ProShares have not been passed on by NYSE as to their legality or suitability.ProShares based on the NYSE Arca Gold Miners Index are not sponsored, endorsed, sold, or promoted by NYSE, and it makes no representation regarding the advisability of investing in ProShares. THIS ENTITYAND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the fund'sadvisor.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.