ProShares, the nation’s fifth largest ETF provider,1 announced today that Stephen Sachs has been named to the newly created role of head of capital markets. Mr. Sachs, most recently with Diamond Hill Capital Management, will oversee ProShares’ Capital Markets Group. He reports to Steve Cohen, managing director and head of ProShares’ Strategy Group.

“Few people have the deep level of understanding of ETF mechanics and market microstructure as Steve Sachs,” said Michael L. Sapir, chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. “His experience, along with the strong relationships he brings, will be of significant value as ProShares continues to expand its lineup of alternative ETFs.”

Mr. Sachs has more than 20 years experience in the institutional trading community. Most recently, he served as director of trading for Diamond Hill Capital Management, an $8 billion long/short asset manager. Prior to Diamond Hill, Mr. Sachs was director of trading at Rydex Investments where he helped build the ETF business and was also a member of Rydex’s Executive Committee, Asset Allocation Committee, Investment Leadership Team, and chair of the Trading Practices Committee.

His knowledge and expertise have made him an often quoted source for many publications including Barron's and The Wall Street Journal. He has appeared on CNBC, Bloomberg TV and Fox Business News on many occasions discussing market conditions and issues affecting the capital markets. Mr. Sachs participates in several industry committees including the Investment Company Institute’s Equity Markets Advisory Committee. Mr. Sachs has spoken at numerous industry events over the years on the topics of market regulation and structure, ETF trading and macro-economic conditions.

Mr. Sachs received his Bachelor of Science in finance from Franklin University. He also studied international relations and economics at The Ohio State University.

About ProShares

ProShares is the nation’s fifth largest ETF provider with 126 funds and more than $24 billion in assets.1 ProShares’ lineup includes the largest family of geared (leveraged and inverse) ETFs.2 ProShare Advisors is affiliated with ProFund Advisors, which was founded in 1997. Together, they manage nearly $28 billion in ETF and mutual fund assets.3

Short or Ultra ProShares ETFs seek returns that are either 3x, 2x, -1x, -2x or -3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and funds with volatile benchmarks. Investors should monitor their ProShares holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

Investing involves risk, including the possible loss of principal. ProShares are non-diversified and entail certain risks, including 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. For more on correlation, leverage and other risks, please read the prospectus. There is no guarantee any ProShares ETF will achieve its investment objective.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial adviser or broker/dealer representative or by visiting proshares.com.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor.

1Source: Bloomberg, based on assets under management (as of 11/30/2011)

2Source: Lipper, based on a worldwide analysis of all of the known providers of funds in these categories. The analysis covered ETFs and ETNs by the number of funds and assets (as of 6/30/2011).

3Assets as of 11/30/2011.