Proshares S&P 500 Autocallable Income ETF (ACSP)

Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The index is designed to replicate the performance of a strategy that maintains a portfolio of equivalent autocallable notes linked to the S&P 500 Index at weekly-staggered maturities. The fund is non-diversified.