PROSHARES TRUST
ProShares S&P 500 Dynamic Buffer ETF
ProShares Nasdaq-100 Dynamic Buffer ETF
ProShares Russell 2000 Dynamic Buffer ETF
(each a “Fund”, together the “Funds”)
Supplement dated June 23, 2025
to each Fund’s Summary Prospectus, Statutory Prospectus, and Statement of Additional Information
(dated June 23, 2025, as supplemented or amended)
Each Fund is not yet available for sale.
For more information, please contact the Funds at 1-866-776-5125.
Please retain this supplement for future reference.