ProShares Launches First ETFs Providing Magnified Exposure To The High Yield And Investment Grade Corporate Bond Markets

ProShares, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of the first ETFs that provide magnified exposure to the high yield and investment grade corporate bond markets.

ProShares Ultra High Yield (NYSE: UJB) seeks to provide 2x the daily performance of the Markit iBoxx® $ Liquid High Yield Index, before fees and expenses. ProShares Ultra Investment Grade Corporate (NYSE: IGU) seeks to provide 2x the daily performance of the Markit iBoxx® $ Liquid Investment Grade Index, before fees and expenses. Both ETFs list on NYSE Arca today.

“On the heels of launching the first inverse ETFs on the high yield and investment grade corporate bond markets, we are pleased to offer the first leveraged ETFs on these segments of the fixed income landscape,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. “With today’s launch, knowledgeable investors now have an even larger suite of geared ETFs to help manage their exposures to high yield and investment grade corporate bonds.”

ProShares launched the first inverse high yield bond ETF, ProShares Short High Yield (NYSE: SJB), and the first inverse investment grade corporate bond ETF in the United States, ProShares Short Investment Grade Corporate (NYSE: IGS), in the past month.

ProShares			Ticker Symbol			Index					Daily Objective*
New Leveraged High Yield and Investment Grade Corporate Bond ETFs
Ultra High Yield			UJB			Markit iBoxx® $Liquid HighYield Index					2x
Ultra InvestmentGrade Corporate			IGU			Markit iBoxx® $LiquidInvestmentGrade Index					2x
Existing Inverse High Yield and Investment Grade Corporate Bond ETFs
Short High Yield			SJB			Markit iBoxx® $Liquid HighYield Index					-1x
Short InvestmentGrade Corporate			IGS			Markit iBoxx® $LiquidInvestmentGrade Index					-1x
* Before fees and expenses

About ProShares

ProShares is a premier provider of alternative ETFs, with 121 funds and more than $26 billion in assets. ProShares offers the largest family of geared (leveraged and inverse) ETFs. ¹ ProShares is part of ProFunds Group, which was founded in 1997 and includes more than $32 billion in mutual fund and ETF assets. ²

1 Source: Lipper, based on a worldwide analysis of all of the known providers of funds in these categories. The analysis covered ETFs, ETNs and mutual funds by the number of funds and assets as of 6/30/2010.

2 Assets as of 4/1/2011.

These ProShares ETFs seek returns that are either 2x or -1x the return of an index or other benchmark (target) for a single day . Due to the compounding of daily returns, leveraged and inverse 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 their holdings consistent with their strategies, as frequently as daily, and rebalance if necessary. A rebalancing strategy involves transaction costs and may have tax consequences. For more on correlation, leverage and other risks, please read the prospectus.

Disclosure:

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