Fact Sheet All data as of 3/31/11 AGQProShares Ultra Silver FUND OBJECTIVE FUND PERFORMANCE AND BENCHMARK HISTORY ProShares Ultra Silver seeks a return of 200% of the return of a benchmark (target) for a single dayProShares Ultra Silver seeks daily investment results, (before fees and expenses). Due to the compounding of daily returns, returns over periods other thanbefore fees and expenses, that correspond to twice one day will likely differ in amount and possibly direction from the target return for the same period.(200%) the daily performance of silver bullion as Investors should monitor holdings consistent with their strategies, as frequently as daily. For more on measured by the U.S. dollar fixing price for delivery correlation, leverage and other risks, please read the prospectus.in London. Year to Since 1Q 2011 1-Year 3-Year 1Date InceptionFUND DETAILS t t t t t Inception Date 12/1/08 ProShares Ultra Silver 45.52% 45.52% 291.61% — 158.03% NAV Total ReturnTrading Symbol AGQ ProShares Ultra Silver 41.93% 41.93% 289.63% — 156.94%Intraday Symbol AGQ.IV Market Price Total Return Bloomberg Index Symbol SLVRLN London Silver Fixing 23.64% 23.64% 116.40% — 77.83% CUSIP 74347W841 Net Assets $1.06 billion 2Expense Ratio — DAILY PERFORMANCE OF AGQ vs. BENCHMARK DURING 1Q 2011 The following scatter graph charts the daily NAV-to-NAV results of the fund against its underlying benchmark return on a daily basis. 14% 3Correlation = 0.99 ProShares Ultra ETFs are designed 4 7%Beta ...
FUND OBJECTIVE ProShares Ultra Silver seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of silver bullion as measured by the U.S. dollar fixing price for delivery in London.
FUND DETAILS
Inception Date Trading Symbol Intraday Symbol Bloomberg Index Symbol CUSIP Net Assets 2 Expense Ratio
ProShares Ultra ETFs are designed to provide more exposure for your investment dollars (before fees and expenses) • Magnify exposure to a benchmark for a certain dollar amount • Provide a certain exposure to a benchmark for less cash • Track your investment throughout the day • No margin account
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Fact Sheet All data as of 3/31/11
AGQ
FUND PERFORMANCE AND BENCHMARK HISTORY ProShares Ultra Silver seeks a return of 200% of the return of a benchmark (target)for a single day (before fees and expenses). Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus. Year toSince 1Q 20111-Year 3-Year1 Date Inception t t t t t ProShares Ultra Silver 45.52% 45.52%291.61% — 158.03% NAV Total Return ProShares Ultra Silver 41.93% 41.93%289.63% — 156.94% Market Price Total Return London Silver Fixing23.64% 23.64%116.40% —77.83%
DAILY PERFORMANCE OF AGQ vs. BENCHMARK DURING 1Q 2011 The following scatter graph charts the daily NAV-to-NAV results of the fund against its underlying benchmark return on a daily basis. 14% 3 Correlation =0.99 4 7% Beta =1.99
8%
-6%
-4%
-7%
2%
-14% Daily Change in Benchmark Return
DAILY RETURN DURING 1Q 2011 nnProShares Ultra Silver (AGQ)nnLondon Silver Fixing 14% 7% 0% -7% 14% January 11February 11
4%
March 11
6%
8%
ProShares are not suitable for all investors.Futures trading involves a substantial risk of loss. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than they originally cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling, toll-free, 866.PRO.5125 or visiting proshares.com. Benchmark performance does not reflect any management fees, transaction costs or expenses. Benchmarks are unmanaged and one cannot invest directly in any benchmark. 1 Since inception returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used 2 to calculate market returns prior to the first trade date.Expense ratio does not include brokerage commissions and related fees paid by the 3 4 fund. Correlationis a measure of the strength and direction of a linear relationship between two variables.Beta is a measure of the slope, which is the steepness of the line drawn through the fund return vs. the benchmark return on a daily basis.
ProShares Ultra Silver
BENCHMARK DESCRIPTION The London Silver Fixing is the procedure by which the price of silver is set on the London market by the three members of the London Silver Pool. It is designed to fix a price for settling contracts between members of the London bullion market. Silver is priced in U.S. cents per troy ounce. The London Bullion Market Association’s (LBMA) Silver Pool sets or fixes the price of silver once a day, at 12:00 GMT. The ProShares Silver ETFs will be benchmarked to the 12:00 GMT, or the 7:00 a.m. ET, price. Daily price quotes can be viewed at the London Bullion Market Association.
For more information, visit proshares.com and seek advice from your financial adviser or broker. Financial professionals should call ProShares at 866.PRO.5125.