ProShares ETFs may be appropriate if you:

• Understand that the funds have a daily objective; that is they seek a multiple (e.g., 2x, -2x) of the return of an index on a daily basis only.
• Recognize that investment results over periods beyond a day can be significantly lower or higher than the daily objective due to compounding
• Understand how leveraged and inverse funds perform in different volatility environments
• Understand that leverage can magnify losses as well as gains
• Intend to invest in them as a portion of a portfolio, not as an entire portfolio
• Plan to actively monitor the investment for consistency with your objectives

ProShares ETFs may not be appropriate if you:

• Don't understand the risks of a leveraged or inverse fund
• Are looking to approximate the daily objective over time without monitoring and if necessary, rebalancing the position
• Don't understand the impact of volatility on the performance of leveraged and inverse funds
• Don't understand that leverage can magnify losses as well as gains