Since daylight saving time is effective on different dates in London, Germany and New York, ProShares temporarily changes the NAV calculation times and cutoff times for Authorized Participants (AP) to create/redeem shares in several ProShares ETFs. ....
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Between March 8 and March 27, 2015, the following NAV calculation times and AP cutoff times will move forward by one hour. On March 30, 2015 after London also "springs" forward one hour, our standard cutoff times will resume.
|ProShares ETFs||Ticker Symbol||AP Create/Redeem Cutoff Time||NAV Calculation Time|
|6:30 a.m. ET||7:30 a.m. ET||7:00 a.m. ET||8:00 a.m. ET|
|9:30 a.m. ET||10:30 a.m. ET||10:00 a.m. ET||11:00 a.m. ET|
|German Sovereign/Sub-Sovereign ETF||GGOV||9:30 a.m. ET||10:30 a.m. ET||11:15 a.m. ET||12:15 p.m. ET|
|MSCI EAFE Dividend Growers ETF||EFAD||5:00 p.m. ET||5:00 p.m. ET||11:30 a.m. ET||12:30 p.m. ET|
|Ultra DJ-UBS Commodity
UltraShort DJ-UBS Commodity
|10:45 a.m. ET||11:45 a.m. ET||3:00 p.m. ET||3:00 p.m. ET|