ProShares Morningstar Alternatives Solution ETF — new fund registration

PROSHARES TRUST registered 1 new fund series on Form 485APOS, filed 2014-05-23. Featured series: ProShares Morningstar Alternatives Solution ETF.

Registration

Registrant / trust: PROSHARES TRUST
CIK: 0001174610
Form: 485APOS
Filed: 2014-05-23
State of incorporation: DE
Accession: 0001193125-14-211392
Reported net assets: $8.4M

Series & classes (1)

Series	Class	Ticker	New
ProShares Morningstar Alternatives Solution ETF	ProShares Morningstar Alternatives Solution ETF	—	Yes

Fees (from the effective prospectus)

Gross expense ratio: 1.81%
Management fee: 0.07%
Net expense ratio: 0.95%
Other expenses: 1.01%

Investment objective

ProShares Morningstar Alternatives Solution ETF (the Fund) seeks investment results, before fees and expenses, that track the performance of the Morningstar Diversified Alternatives SM Index (the Index). The Index seeks to provide diversified exposure to alternative asset classes. The Index consists of a comprehensive set of exchange-traded funds (ETFs) in the ProShares lineup that employ alternative and non-traditional strategies such as long/short, market neutral, managed futures, hedge-fund replication, private equity, infrastructure or inflation-related investments.

Advisers

PROSHARE ADVISORS LLC (Advisor)