Form 497 PROSHARES TRUST

September 27, 2021 12:29 PM EDT

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PROSHARES TRUST
ProShares Big Data Refiners ETF
ProShares Nanotechnology ETF
ProShares On-Demand ETF
ProShares S&P Kensho Cleantech ETF
ProShares S&P Kensho Smart Factories ETF
ProShares Smart Materials ETF
(the “Funds,” each, a “Fund”)
Supplement dated September 27, 2021
to each Fund’s Summary Prospectus, Statutory Prospectus, and Statement of Additional Information
(dated September 27, 2021, each as supplemented or amended)
* * * * *
As of the date noted above, the Funds are not offered for sale.
For more information, please contact the Funds at 1-866-776-5125
Please retain this supplement for future reference




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