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ProShares Launches Full Suite of Communication Services Select Sector ETFs

Today, ProShares launched a full suite of ETFs benchmarked to the S&P Communication Services Select Sector Index. With this launch, tactical investors can customize their exposure to the new communication services sector, which focuses on the evolution of communication, entertainment and information sharing.

XCOM, UCOM, YCOM and SCOM seek daily investment results that correspond to +/- 2x and +/- 3x the daily performance of the index, before fees and expenses. The suite of ETFs is listed on NYSE Arca.

ProShares ETFTickerMultipleIndex

Ultra Communication Services Select Sector ETF

XCOM

2x

S&P Communication Services Select Sector

UltraPro Communication Services Select Sector ETF

UCOM

3x

UltraShort Communication Services Select Sector ETF

YCOM

-2x

UltraPro Short Communication Services Select Sector ETF

SCOM

-3x

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $28 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

Jan 16, 2019

Geared (leveraged or short) ETFs seek returns that are a multiple of (e.g., 2x or -2x) the return of a benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. For more on risks, please read the prospectus.

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.

Investing involves risk, including the possible loss of principal. Geared ProShares ETFs are non-diversified and each entails certain risks, which may include risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks or indexes rise. These funds concentrate their investments in certain sectors. Narrowly focused investments typically exhibit higher volatility. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Communication services companies may be subject to the potential obsolescence of products and services, increasing competition, increasing costs and capital requirements, pricing pressures, shifting demographics, and federal and state regulations, which can negatively impact profitability. Companies in the communication services industry may be more susceptible to cybersecurity issues than companies in other industries, including hacking, theft of proprietary or consumer information, and disruptions in service.

The "S&P Communication Services Select Sector Index" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by ProShares. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by ProShares. ProShares have not been passed on by SPDJI or its affiliates as to their legality or suitability. ProShares based on the S&P Communication Services Select Sector Index are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or third party licensors; they make no representation regarding the advisability of investing in ProShares; and they have no liability for any errors, omissions, or interruptions of the S&P Communication Services Select Sector Index. THESE ENTITIES, THEIR AFFILIATES AND THIRD PARTY LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

Contacts:

Media:
Tucker Hewes
Hewes Communications, Inc.
212.207.9451
tucker@hewescomm.com

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