PROSHARES TRUST
ProShares Ultra S&P 500 Equal Weight
(the “Fund”)
Supplement dated August 20, 2025
to the Fund’s Summary Prospectus, Statutory Prospectus, and Statement of Additional Information
(dated August 20, 2025, as supplemented or amended)
The Fund is not yet available for sale.
For more information, please contact the Fund at 1-866-776-5125.
Please retain this supplement for future reference.