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ProShares Names Industry Pioneer Benjamin Fulton to Lead Tactical Products Business

BETHESDA, Md.--(BUSINESS WIRE)--

ProShares, a premier provider of ETFs, today announced that Ben Fulton has been named to the role of Managing Director. As a member of senior management, Mr. Fulton will contribute to the firm’s strategy and growing its business. He will report to ProShares CEO Michael L. Sapir.

Mr. Fulton’s principal responsibilities will include overseeing the company’s tactical products business. These products include all ProShares’ and ProFunds’ geared (leveraged and inverse) and volatility ETFs and mutual funds, which represent over $28 billion in assets.

“I am delighted to have Ben join our senior leadership and for him to help drive our business into the future,” said Mr. Sapir. “Ben’s leadership capabilities and the depth and breadth of his experience in the ETF industry are exceptionally rare.”

“I’ve always admired ProShares, and I am excited to join such a longstanding and innovative leader in the financial industry,” Mr. Fulton said. “I look forward to leading a focused and driven effort to grow the company’s tactical products lineup, which can play an important role for knowledgeable investors.”

Mr. Fulton brings with him more than 30 years of experience in the global financial services industry. Most recently, Mr. Fulton was Chief Executive Officer of Elkhorn Investments, a company he founded in 2013. Previously, as Managing Director of the Global ETF Business for Invesco, he had day-to-day responsibility over the PowerShares ETF business. Prior to Invesco PowerShares, Mr. Fulton held senior roles at Claymore Securities (Guggenheim), and Nuveen Investments. Over the years, he and his product development teams have won eight William F. Sharpe Most Innovative ETF Awards. Mr. Fulton holds a bachelor’s degree in Business Administration and Management from Taylor University in Indiana. He holds Series 3, 7, 24, 30, 63 and 66 FINRA registrations.

About ProShares | ProFunds:
ProShares and its affiliates have been at the forefront of the indexing revolution since 1997. ProShares offers one of the largest lineups of ETFs, with more than $30 billion in assets. The company is the leader in strategies such as dividend growth, alternative and geared (leveraged and inverse). ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. ProFunds, its mutual fund affiliate, manages index funds across a wide spectrum of asset classes, including broad-based equities, sectors, fixed income, commodities and currencies.

July 25, 2018

ProShares is the leader in dividend growth, alternative and geared (leveraged and inverse) strategies; Source: ProShares, Strategic Insight and Lipper, based on number of funds and/or assets, as of 12/31/17.

Investing involves risk, including the possible loss of principal. Geared ProShares ETFs and ProFunds mutual funds entail 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 and ProFunds mutual funds should lose money when their benchmarks or indexes rise. Geared ProShares ETFs are non-diversified. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any investment will achieve its investment objective. Past performance is no guarantee of future results.

Carefully consider the investment objectives, risks, charges and expenses of ProShares and ProFunds before investing. This and other information can be found in summary and full prospectuses. Read them carefully before investing. For a ProShares ETF prospectus, visit ProShares.com or obtain one from your financial advisor or broker-dealer representative. For a ProFunds mutual fund prospectus, visit ProFunds.com.

ProShares ETFs are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor. ProFunds Distributors, Inc. is distributor for ProFunds mutual funds. SEI Investments Distribution Co. is not affiliated with ProFunds or ProFunds Distributors. ©2018 PSA 2018-4813

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