Fund Description: ProShares S&P Technology Dividend Aristocrats ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ProShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ProShares S&P Technology Dividend Aristocrats ETF seeks investment results, before fees and expenses, that track the performance of the S&P Technology Dividend Aristocrats Index. INDEX DESCRIPTION: The S&P Technology Dividend Aristocrats Index targets companies from the U.S. technology sector and select U.S. technology-related companies from the communication services and consumer discretionary sectors. The Index contains a minimum of 25 stocks which are equally weighted. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its total assets in component securities (i.e., securities of the Index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the Index). A passive approach to investing that is designed to track the performance of the Index. The Fund attempts to track the performance of the Index by investing all, or substantially all, of its assets in the types of securities that make up the Index, holding each security in approximately the same proportion as its weighting in the Index. At times, the Fund may gain exposure to only a representative sample of the securities in the Index, which exposure is intended to have aggregate characteristics similar to those of the Index, and may invest in securities not contained in the Index. FUND MANAGEMENT: ProShare Advisors serves as the investment adviser to the Fund.