Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
March 11 2022 - 08:34AM
Edgar (US Regulatory)
Filed pursuant to Rule 424(b)(3)
Registration No. 333-262729
IMPORTANT NOTICE
ProShares VIX Short-Term Futures ETF
(VIXY)
ProShares Ultra VIX Short-Term Futures ETF
(UVXY)
ProShares Short VIX Short-Term Futures ETF
(SVXY)
(each, a “Fund”, and together, the “Funds”)
Supplement dated March 11, 2022
to each Fund’s Prospectus and Disclosure
Document
dated February 23, 2022
The Prospectus and Disclosure Document for each Fund is hereby
revised to reflect that:
New Portfolio Manager. Effective March 11, 2022, all
references to Benjamin McAbee in the Prospectus are deleted. The
following information is added to the “Executive Officers of the
Trust and Principals and Significant Employees of the Sponsor”
section of the Prospectus:
|
|
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Name
|
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Position
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George Banian |
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Portfolio Manager and Associated Person of the
Sponsor |
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George Banian, Principal of the
Sponsor since March 11, 2022, has served as a registered
associated person and an NFA associate member of the Sponsor since
March 11, 2022, and a Portfolio Manager of the Sponsor since
March 11, 2022. In these roles, Mr. Banian’s
responsibilities include day-to-day portfolio management
of certain series of the Trust. Mr. Banian also serves as a
Portfolio Manager of PSA since February 2022, Associate Portfolio
Manager of PSA from August 2016 to February 2022, Senior Portfolio
Analyst of PSA from December 2010 to August 2016, and Portfolio
Analyst of PSA from December 2007 to December 2010. In addition,
Mr. Banian served as a Portfolio Manager of PFA since February
2022, and an Associate Portfolio Manager of PFA from July 2021 to
February 2022. |
These securities have not been approved or disapproved by the
United States Securities and Exchange Commission (the “SEC”) or any
state securities commission nor has the SEC or any state securities
commission passed upon the accuracy or adequacy of this Prospectus.
Any representation to the contrary is a criminal offense.
NEITHER THE TRUST NOR ANY FUND IS A MUTUAL FUND OR ANY OTHER
TYPE OF INVESTMENT COMPANY AS DEFINED IN THE INVESTMENT COMPANY ACT
OF 1940, AS AMENDED, AND NEITHER IS SUBJECT TO REGULATION
THEREUNDER.
THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE
MERITS OF PARTICIPATING IN THIS POOL NOR HAS THE COMMISSION PASSED
ON THE ADEQUACY OR ACCURACY OF THIS DISCLOSURE DOCUMENT.
Please retain this supplement for future
reference.
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