| Investment Objective: |
ProShares Ultra NVDA (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of common stock of NVIDIA Corporation (NASDAQ: NVDA). NVIDIA Corporation operates as a full-stack infrastructure company. Its services include data center computing platforms, Artificial Intelligence ("AI") solutions and software, and Graphic Processing Units ("GPUs"). It operates in two segments, compute & networking and graphics. The Fund will invest at least 80% of the Fund's assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as NVDA. The Fund invests in derivatives as a substitute for investing directly in securities in order to seek returns for a single day that are leveraged (2x) to the returns of NVDA for that day. |
