Fund |
Benchmark
|
ProShares VIX Mid-Term Futures ETF (VIXM) |
S&P 500® VIX Mid-Term Futures Index |
ProShares Ultra Bloomberg Natural Gas (BOIL) |
Bloomberg Natural Gas
SubindexSM |
ProShares UltraShort Bloomberg Natural Gas (KOLD) |
Bloomberg Natural Gas
SubindexSM |
ProShares UltraShort Silver (ZSL) |
Bloomberg Silver SubindexSM
|
ProShares UltraShort Gold (GLL) |
Bloomberg Gold SubindexSM
|
ProShares Ultra Euro (ULE) |
The U.S. dollar price of the euro |
ProShares UltraShort Euro (EUO) |
The U.S. dollar price of the euro |
ProShares Ultra Yen (YCL) |
The U.S. dollar price of the Japanese yen |
ProShares UltraShort Yen (YCS) |
The U.S. dollar price of the Japanese yen |
|
|
|
Page |
SUMMARY |
|
Important Information About the Funds |
|
Overview |
|
The VIX Futures Fund |
|
The Natural Gas Funds |
|
The Precious Metals Funds |
|
The Currency Funds |
|
Purchases and Sales in the Secondary Market |
|
Creation and Redemption Transactions |
|
Breakeven Amounts |
|
Current Developments |
|
Important Tax Information |
|
RISK FACTOR SUMMARY |
|
Risks Related to All Funds |
|
Risks Specific to the Geared Funds |
|
RISK FACTORS |
|
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS |
|
DESCRIPTION OF EACH FUND’S BENCHMARK |
|
DESCRIPTION OF THE MID-TERM VIX FUTURES FUND’S INDEX |
|
The S&P 500 VIX Mid-Term Futures Index |
|
Information about the Index Licensor |
|
DESCRIPTION OF THE NATURAL GAS FUNDS’ BENCHMARK |
|
Bloomberg Natural Gas SubindexSM
|
|
Information About the Index Licensor |
|
DESCRIPTION OF THE PRECIOUS METALS FUNDS’ BENCHMARKS |
|
Bloomberg Silver SubindexSM
|
|
Information About the Index Licensor |
|
Bloomberg Gold SubindexSM
|
|
Information About the Index Licensor |
|
DESCRIPTION OF THE CURRENCY FUNDS’ BENCHMARKS |
|
Euro |
|
Japanese Yen |
|
INVESTMENT OBJECTIVES AND PRINCIPAL INVESTMENT STRATEGIES |
|
Investment Objectives |
|
Principal Investment Strategies |
|
PERFORMANCE OF THE OFFERED COMMODITY POOLS OPERATED BY THE COMMODITY POOL OPERATOR |
|
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|
CHARGES |
|
Breakeven Table |
|
MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS |
|
Status of the Each Fund |
|
U.S. Shareholders |
|
Page |
PERFORMANCE OF THE OTHER COMMODITY POOLS OPERATED BY THE COMMODITY
POOL OPERATOR |
|
USE OF PROCEEDS |
|
WHO MAY SUBSCRIBE |
|
CREATION AND REDEMPTION OF SHARES |
|
Creation Procedures |
|
Redemption Procedures |
|
Creation and Redemption Transaction Fee |
|
Special Settlement |
|
LITIGATION |
|
DESCRIPTION OF THE SHARES; THE FUNDS; CERTAIN MATERIAL TERMS OF THE
TRUST AGREEMENT |
|
Description of the Shares |
|
Principal Office; Location of Records; Fiscal Year |
|
The Funds |
|
The Trustee |
|
The Sponsor |
|
Duties of the Sponsor |
|
Ownership or Beneficial Interest in the Funds |
|
Management; Voting by Shareholders |
|
Recognition of the Trust and the Funds in Certain States |
|
Possible Repayment of Distributions Received by Shareholders |
|
Shares Freely Transferable |
|
Book-Entry Form |
|
Reports to Shareholders |
|
Net Asset Value (“NAV”) |
|
Indicative Optimized Portfolio Value (“IOPV”) |
|
Termination Events |
|
DISTRIBUTIONS |
|
THE ADMINISTRATOR |
|
THE CUSTODIAN |
|
THE TRANSFER AGENT |
|
THE DISTRIBUTOR |
|
Description of SEI |
|
THE SECURITIES DEPOSITORY; BOOK-ENTRY ONLY SYSTEM; GLOBAL SECURITY |
|
SHARE SPLITS OR REVERSE SPLITS |
|
CONFLICTS OF INTEREST |
|
MATERIAL CONTRACTS |
|
Administration and Accounting Agreement |
|
Transfer Agency and Service Agreement |
|
Custody Agreement |
|
Distribution Agreement |
|
PURCHASES BY EMPLOYEE BENEFIT PLANS |
|
General |
|
“Plan Assets” |
|
Ineligible Purchasers |
|
Page |
PLAN OF DISTRIBUTION |
|
Buying and Selling Shares |
|
Authorized Participants |
|
Likelihood of Becoming a Statutory Underwriter |
|
General |
|
LEGAL MATTERS |
|
EXPERTS |
|
WHERE INVESTORS CAN FIND MORE INFORMATION |
|
RECENT FINANCIAL INFORMATION AND ANNUAL REPORTS |
|
PRIVACY POLICY |
|
The Trust’s Commitment to Investors |
|
The Information the Trust Collects About Investors |
|
How the Trust Handles Investors’ Personal Information |
|
How the Trust Safeguards Investors’ Personal Information |
|
INCORPORATION BY REFERENCE OF CERTAIN DOCUMENTS |
|
FUTURES COMMISSION MERCHANTS |
|
Litigation and Regulatory Disclosure Relating to FCMs |
|
Margin Levels Expected to be Held at the FCMs |
|
SWAP COUNTERPARTIES |
|
Litigation and Regulatory Disclosure Relating to Swap Counterparties |
|
APPENDIX A—GLOSSARY OF DEFINED TERMS |
A-1 |
Fund Name |
Benchmark |
ProShares VIX Mid-Term Futures ETF |
S&P 500® VIX Mid-Term Futures Index |
Fund Name |
Benchmark |
ProShares Ultra Bloomberg Natural Gas |
Bloomberg Natural Gas
SubindexSM |
ProShares UltraShort Bloomberg Natural Gas |
Bloomberg Natural Gas
SubindexSM |
Fund Name |
Benchmark |
ProShares UltraShort Silver |
Bloomberg Silver SubindexSM
|
ProShares UltraShort Gold |
Bloomberg Gold SubindexSM
|
Fund Name |
Benchmark |
ProShares Ultra Euro |
The U.S. dollar price of the euro |
ProShares UltraShort Euro |
The U.S. dollar price of the euro |
ProShares Ultra Yen |
The U.S. dollar price of the Japanese yen |
ProShares UltraShort Yen |
The U.S. dollar price of the Japanese yen |
Underlying Benchmark |
Create/Redeem Cut-off |
NAV Calculation
Time |
S&P 500 VIX Mid-Term Futures Index |
2:00 p.m. (Eastern Time) |
4:00 p.m. (Eastern Time) |
Bloomberg Natural Gas
SubindexSM |
2:00 p.m. (Eastern Time) |
2:30 p.m. (Eastern Time) |
Bloomberg Silver SubindexSM
|
1:00 p.m. (Eastern Time) |
1:25 p.m. (Eastern Time) |
Bloomberg Gold SubindexSM
|
1:00 p.m. (Eastern Time) |
1:30 p.m. (Eastern Time) |
Euro |
3:00 p.m. (Eastern Time) |
4:00 p.m. (Eastern Time) |
Yen |
3:00 p.m. (Eastern Time) |
4:00 p.m. (Eastern Time) |
Fund Name |
Breakeven
Amount (% Per Annum of Average Daily
NAV)* |
Assumed Selling
Price Per Share* |
Breakeven Amount ($ for the
Assumed Selling Price Per Share)* |
ProShares VIX Mid-Term Futures ETF |
0.00% |
$15.00 |
$0.00 |
ProShares Ultra Bloomberg Natural Gas |
0.00% |
$15.00 |
$0.00 |
ProShares UltraShort Bloomberg Natural Gas |
0.00% |
$65.00 |
$0.00 |
ProShares UltraShort Silver |
0.00% |
$20.00 |
$0.00 |
ProShares UltraShort Gold |
0.00% |
$25.00 |
$0.00 |
ProShares Ultra Euro |
0.00% |
$10.00 |
$0.00 |
ProShares UltraShort Euro |
0.00% |
$30.00 |
$0.00 |
ProShares Ultra Yen |
0.00% |
$25.00 |
$0.00 |
ProShares UltraShort Yen |
0.00% |
$80.00 |
$0.00 |
|
Benchmark
XYZ |
Fund
XYZ | ||
Level |
Daily Performance |
Daily Performance |
Net
Asset Value | |
Start |
100.00 |
|
|
$100.00 |
Day 1 |
97.00 |
-3.00% |
-6.00% |
$94.00 |
|
Benchmark
XYZ |
Fund XYZ
| ||
Level
|
Daily Performance |
Daily Performance |
Net
Asset Value | |
Day 2 |
99.91 |
3.00% |
6.00% |
$99.64 |
Day 3 |
96.91 |
-3.00% |
-6.00% |
$93.66 |
Day 4 |
99.82 |
3.00% |
6.00% |
$99.28 |
Day 5 |
96.83 |
-3.00% |
-6.00% |
$93.32 |
Day 6 |
99.73 |
3.00% |
6.00% |
$98.92 |
Day 7 |
96.74 |
-3.00% |
-6.00% |
$92.99 |
Total Return |
|
-3.26% |
-7.01% |
|
|
Benchmark
XYZ |
Fund
XYZ | ||
Level |
Daily Performance |
Daily Performance |
Net
Asset Value | |
Start |
100.00 |
|
|
$100.00 |
Day 1 |
103.00 |
3.00% |
6.00% |
$106.00 |
Day 2 |
99.91 |
-3.00% |
-6.00% |
$99.64 |
Day 3 |
102.91 |
3.00% |
6.00% |
$105.62 |
Day 4 |
99.82 |
-3.00% |
-6.00% |
$99.28 |
Day 5 |
102.81 |
3.00% |
6.00% |
$105.24 |
Day 6 |
99.73 |
-3.00% |
-6.00% |
$98.92 |
Day 7 |
102.72 |
3.00% |
6.00% |
$104.86 |
Total Return |
|
2.72% |
4.86% |
|
Benchmark |
Historical Five-Year Average
December 31, 2023 |
S&P 500 VIX Mid-Term Futures Index |
35.18% |
Bloomberg Natural Gas
SubindexSM |
57.39% |
Bloomberg Silver SubindexSM
|
32.15% |
Bloomberg Gold SubindexSM
|
15.70% |
The U.S. dollar price of the euro |
7.26% |
The U.S. dollar price of the Japanese yen |
8.68% |
One
Year Benchmark Performance |
Two
Times (2x) One Year Benchmark
Performance |
Benchmark Volatility | ||||||||||||||
0%
|
5%
|
10% |
15% |
20% |
25% |
30% |
35% |
40% |
45% |
50% |
55% |
60% |
65% |
70% | ||
-60% |
-120% |
-84.0% |
-84.0% |
-84.2% |
-84.4% |
-84.6% |
-85.0% |
-85.4% |
-85.8% |
-86.4% |
-86.9% |
-87.5% |
-88.2% |
-88.8% |
-89.5% |
-90.2% |
-55% |
-110% |
-79.8% |
-79.8% |
-80.0% |
-80.2% |
-80.5% |
-81.0% |
-81.5% |
-82.1% |
-82.7% |
-83.5% |
-84.2% |
-85.0% |
-85.9% |
-86.7% |
-87.6% |
-50% |
-100% |
-75.0% |
-75.1% |
-75.2% |
-75.6% |
-76.0% |
-76.5% |
-77.2% |
-77.9% |
-78.7% |
-79.6% |
-80.5% |
-81.5% |
-82.6% |
-83.6% |
-84.7% |
-45% |
-90% |
-69.8% |
-69.8% |
-70.1% |
-70.4% |
-70.9% |
-71.6% |
-72.4% |
-73.2% |
-74.2% |
-75.3% |
-76.4% |
-77.6% |
-78.9% |
-80.2% |
-81.5% |
-40% |
-80% |
-64.0% |
-64.1% |
-64.4% |
-64.8% |
-65.4% |
-66.2% |
-67.1% |
-68.2% |
-69.3% |
-70.6% |
-72.0% |
-73.4% |
-74.9% |
-76.4% |
-77.9% |
-35% |
-70% |
-57.8% |
-57.9% |
-58.2% |
-58.7% |
-59.4% |
-60.3% |
-61.4% |
-62.6% |
-64.0% |
-65.5% |
-67.1% |
-68.8% |
-70.5% |
-72.3% |
-74.1% |
-30% |
-60% |
-51.0% |
-51.1% |
-51.5% |
-52.1% |
-52.9% |
-54.0% |
-55.2% |
-56.6% |
-58.2% |
-60.0% |
-61.8% |
-63.8% |
-65.8% |
-67.9% |
-70.0% |
-25% |
-50% |
-43.8% |
-43.9% |
-44.3% |
-45.0% |
-46.0% |
-47.2% |
-48.6% |
-50.2% |
-52.1% |
-54.1% |
-56.2% |
-58.4% |
-60.8% |
-63.1% |
-65.5% |
-20% |
-40% |
-36.0% |
-36.2% |
-36.6% |
-37.4% |
-38.5% |
-39.9% |
-41.5% |
-43.4% |
-45.5% |
-47.7% |
-50.2% |
-52.7% |
-55.3% |
-58.1% |
-60.8% |
-15% |
-30% |
-27.8% |
-27.9% |
-28.5% |
-29.4% |
-30.6% |
-32.1% |
-34.0% |
-36.1% |
-38.4% |
-41.0% |
-43.7% |
-46.6% |
-49.6% |
-52.6% |
-55.7% |
-10% |
-20% |
-19.0% |
-19.2% |
-19.8% |
-20.8% |
-22.2% |
-23.9% |
-26.0% |
-28.3% |
-31.0% |
-33.8% |
-36.9% |
-40.1% |
-43.5% |
-46.9% |
-50.4% |
-5% |
-10% |
-9.8% |
-10.0% |
-10.6% |
-11.8% |
-13.3% |
-15.2% |
-17.5% |
-20.2% |
-23.1% |
-26.3% |
-29.7% |
-33.3% |
-37.0% |
-40.8% |
-44.7% |
0% |
0% |
0.0% |
-0.2% |
-1.0% |
-2.2% |
-3.9% |
-6.1% |
-8.6% |
-11.5% |
-14.8% |
-18.3% |
-22.1% |
-26.1% |
-30.2% |
-34.5% |
-38.7% |
5% |
10% |
10.3% |
10.0% |
9.2% |
7.8% |
5.9% |
3.6% |
0.8% |
-2.5% |
-6.1% |
-10.0% |
-14.1% |
-18.5% |
-23.1% |
-27.7% |
-32.5% |
10% |
20% |
21.0% |
20.7% |
19.8% |
18.3% |
16.3% |
13.7% |
10.6% |
7.0% |
3.1% |
-1.2% |
-5.8% |
-10.6% |
-15.6% |
-20.7% |
-25.9% |
15% |
30% |
32.3% |
31.9% |
30.9% |
29.3% |
27.1% |
24.2% |
20.9% |
17.0% |
12.7% |
8.0% |
3.0% |
-2.3% |
-7.7% |
-13.3% |
-19.0% |
20% |
40% |
44.0% |
43.6% |
42.6% |
40.8% |
38.4% |
35.3% |
31.6% |
27.4% |
22.7% |
17.6% |
12.1% |
6.4% |
0.5% |
-5.6% |
-11.8% |
25% |
50% |
56.3% |
55.9% |
54.7% |
52.8% |
50.1% |
46.8% |
42.8% |
38.2% |
33.1% |
27.6% |
21.7% |
15.5% |
9.0% |
2.4% |
-4.3% |
30% |
60% |
69.0% |
68.6% |
67.3% |
65.2% |
62.4% |
58.8% |
54.5% |
49.5% |
44.0% |
38.0% |
31.6% |
24.9% |
17.9% |
10.8% |
3.5% |
35% |
70% |
82.3% |
81.8% |
80.4% |
78.2% |
75.1% |
71.2% |
66.6% |
61.2% |
55.3% |
48.8% |
41.9% |
34.7% |
27.2% |
19.4% |
11.7% |
40% |
80% |
96.0% |
95.5% |
94.0% |
91.6% |
88.3% |
84.1% |
79.1% |
73.4% |
67.0% |
60.1% |
52.6% |
44.8% |
36.7% |
28.5% |
20.1% |
45% |
90% |
110.3% |
109.7% |
108.2% |
105.6% |
102.0% |
97.5% |
92.2% |
86.0% |
79.2% |
71.7% |
63.7% |
55.4% |
46.7% |
37.8% |
28.8% |
50% |
100% |
125.0% |
124.4% |
122.8% |
120.0% |
116.2% |
111.4% |
105.6% |
99.1% |
91.7% |
83.8% |
75.2% |
66.3% |
57.0% |
47.5% |
37.8% |
55% |
110% |
140.3% |
139.7% |
137.9% |
134.9% |
130.8% |
125.7% |
119.6% |
112.6% |
104.7% |
96.2% |
87.1% |
77.5% |
67.6% |
57.5% |
47.2% |
60% |
120% |
156.0% |
155.4% |
153.5% |
150.3% |
146.0% |
140.5% |
134.0% |
126.5% |
118.1% |
109.1% |
99.4% |
89.2% |
78.6% |
67.8% |
56.8% |
One Year
Benchmark Performance |
Two Times
Inverse (-2x) of One Year
Benchmark Performance |
Benchmark Volatility |
||||||||||||||
0% |
5% |
10% |
15% |
20% |
25% |
30% |
35% |
40% |
45% |
50% |
55% |
60% |
65% |
70% | ||
-60% |
120% |
525.0% |
520.3% |
506.5% |
484.2% |
454.3% |
418.1% |
377.1% |
332.8% |
286.7% |
240.4% |
195.2% |
152.2% |
112.2% |
76.0% |
43.7% |
-55% |
110% |
393.8% |
390.1% |
379.2% |
361.6% |
338.0% |
309.4% |
277.0% |
242.0% |
205.6% |
169.0% |
133.3% |
99.3% |
67.7% |
39.0% |
13.5% |
-50% |
100% |
300.0% |
297.0% |
288.2% |
273.9% |
254.8% |
231.6% |
205.4% |
177.0% |
147.5% |
117.9% |
88.9% |
61.4% |
35.8% |
12.6% |
-8.0% |
-45% |
90% |
230.6% |
228.1% |
220.8% |
209.0% |
193.2% |
174.1% |
152.4% |
128.9% |
104.6% |
80.1% |
56.2% |
33.4% |
12.3% |
-6.9% |
-24.0% |
-40% |
80% |
177.8% |
175.7% |
169.6% |
159.6% |
146.4% |
130.3% |
112.0% |
92.4% |
71.9% |
51.3% |
31.2% |
12.1% |
-5.7% |
-21.8% |
-36.1% |
-35% |
70% |
136.7% |
134.9% |
129.7% |
121.2% |
109.9% |
96.2% |
80.7% |
63.9% |
46.5% |
28.9% |
11.8% |
-4.5% |
-19.6% |
-33.4% |
-45.6% |
-30% |
60% |
104.1% |
102.6% |
98.1% |
90.8% |
81.0% |
69.2% |
55.8% |
41.3% |
26.3% |
11.2% |
-3.6% |
-17.6% |
-30.7% |
-42.5% |
-53.1% |
-25% |
50% |
77.8% |
76.4% |
72.5% |
66.2% |
57.7% |
47.4% |
35.7% |
23.1% |
10.0% |
-3.2% |
-16.0% |
-28.3% |
-39.6% |
-49.9% |
-59.1% |
-20% |
40% |
56.3% |
55.1% |
51.6% |
46.1% |
38.6% |
29.5% |
19.3% |
8.2% |
-3.3% |
-14.9% |
-26.2% |
-36.9% |
-46.9% |
-56.0% |
-64.1% |
-15% |
30% |
38.4% |
37.4% |
34.3% |
29.4% |
22.8% |
14.7% |
5.7% |
-4.2% |
-14.4% |
-24.6% |
-34.6% |
-44.1% |
-53.0% |
-61.0% |
-68.2% |
-10% |
20% |
23.5% |
22.5% |
19.8% |
15.4% |
9.5% |
2.3% |
-5.8% |
-14.5% |
-23.6% |
-32.8% |
-41.7% |
-50.2% |
-58.1% |
-65.2% |
-71.6% |
-5% |
10% |
10.8% |
10.0% |
7.5% |
3.6% |
-1.7% |
-8.1% |
-15.4% |
-23.3% |
-31.4% |
-39.6% |
-47.7% |
-55.3% |
-62.4% |
-68.8% |
-74.5% |
0% |
0% |
0.0% |
-0.7% |
-3.0% |
-6.5% |
-11.3% |
-17.1% |
-23.7% |
-30.8% |
-38.1% |
-45.5% |
-52.8% |
-59.6% |
-66.0% |
-71.8% |
-77.0% |
5% |
-10% |
-9.3% |
-10.0% |
-12.0% |
-15.2% |
-19.6% |
-24.8% |
-30.8% |
-37.2% |
-43.9% |
-50.6% |
-57.2% |
-63.4% |
-69.2% |
-74.5% |
-79.1% |
10% |
-20% |
-17.4% |
-18.0% |
-19.8% |
-22.7% |
-26.7% |
-31.5% |
-36.9% |
-42.8% |
-48.9% |
-55.0% |
-61.0% |
-66.7% |
-71.9% |
-76.7% |
-81.0% |
15% |
-30% |
-24.4% |
-25.0% |
-26.6% |
-29.3% |
-32.9% |
-37.3% |
-42.3% |
-47.6% |
-53.2% |
-58.8% |
-64.3% |
-69.5% |
-74.3% |
-78.7% |
-82.6% |
20% |
-40% |
-30.6% |
-31.1% |
-32.6% |
-35.1% |
-38.4% |
-42.4% |
-47.0% |
-51.9% |
-57.0% |
-62.2% |
-67.2% |
-72.0% |
-76.4% |
-80.4% |
-84.0% |
25% |
-50% |
-36.0% |
-36.5% |
-37.9% |
-40.2% |
-43.2% |
-46.9% |
-51.1% |
-55.7% |
-60.4% |
-65.1% |
-69.8% |
-74.2% |
-78.3% |
-82.0% |
-85.3% |
30% |
-60% |
-40.8% |
-41.3% |
-42.6% |
-44.7% |
-47.5% |
-50.9% |
-54.8% |
-59.0% |
-63.4% |
-67.8% |
-72.0% |
-76.1% |
-79.9% |
-83.3% |
-86.4% |
35% |
-70% |
-45.1% |
-45.5% |
-46.8% |
-48.7% |
-51.3% |
-54.5% |
-58.1% |
-62.0% |
-66.0% |
-70.1% |
-74.1% |
-77.9% |
-81.4% |
-84.6% |
-87.4% |
40% |
-80% |
-49.0% |
-49.4% |
-50.5% |
-52.3% |
-54.7% |
-57.7% |
-61.1% |
-64.7% |
-68.4% |
-72.2% |
-75.9% |
-79.4% |
-82.7% |
-85.6% |
-88.3% |
45% |
-90% |
-52.4% |
-52.8% |
-53.8% |
-55.5% |
-57.8% |
-60.6% |
-63.7% |
-67.1% |
-70.6% |
-74.1% |
-77.5% |
-80.8% |
-83.8% |
-86.6% |
-89.1% |
50% |
-100% |
-55.6% |
-55.9% |
-56.9% |
-58.5% |
-60.6% |
-63.2% |
-66.1% |
-69.2% |
-72.5% |
-75.8% |
-79.0% |
-82.1% |
-84.9% |
-87.5% |
-89.8% |
55% |
-110% |
-58.4% |
-58.7% |
-59.6% |
-61.1% |
-63.1% |
-65.5% |
-68.2% |
-71.2% |
-74.2% |
-77.3% |
-80.3% |
-83.2% |
-85.9% |
-88.3% |
-90.4% |
60% |
-120% |
-60.9% |
-61.2% |
-62.1% |
-63.5% |
-65.4% |
-67.6% |
-70.2% |
-73.0% |
-75.8% |
-78.7% |
-81.5% |
-84.2% |
-86.7% |
-89.0% |
-91.0% |
|
Swaps |
Forwards |
Futures |
ProShares VIX Mid-Term Futures ETF |
0% |
0% |
100% |
ProShares Ultra Bloomberg Natural Gas |
0% |
0% |
200% |
ProShares UltraShort Bloomberg Natural Gas |
0% |
0% |
-200% |
ProShares UltraShort Silver |
-75 to -200% |
0% |
0 to -125% |
ProShares UltraShort Gold |
-75 to -200% |
0% |
0 to -125% |
ProShares Ultra Euro |
0% |
200% |
0% |
ProShares UltraShort Euro |
0% |
0% |
-200% |
ProShares Ultra Yen |
0% |
200% |
0% |
ProShares UltraShort Yen Fund |
0% |
-200% |
0% |
Name of Pool: |
ProShares VIX Mid-Term Futures ETF |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
January 3, 2011 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$941,548,901 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$232,390,261 |
Net Asset Value as of December 31, 2023 |
$37,866,143 |
Net Asset Value per Share3 as of December 31, 2023 |
$16.74 |
Worst Monthly Loss:4
|
-18.14% (June 2023) |
Worst Peak-to-Valley Loss:5
|
-95.33% (September 2011 - December 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-11.93% |
-0.69% |
16.15% |
-0.20% |
-17.36% |
February |
-8.36% |
10.48% |
-3.19% |
5.07% |
3.16% |
March |
0.62% |
65.97% |
-15.88% |
-1.89% |
3.33% |
April |
-2.16% |
1.44% |
-1.82% |
11.47% |
0.02% |
May |
8.04% |
-0.13% |
-5.78% |
-2.26% |
-6.61% |
June |
-6.37% |
2.98% |
-5.06% |
3.04% |
-18.14% |
July |
1.09% |
-1.80% |
3.86% |
-7.77% |
-5.50% |
August |
9.33% |
1.33% |
-3.71% |
2.42% |
-1.57% |
September |
-0.75% |
1.96% |
5.61% |
6.30% |
1.94% |
October |
-3.45% |
1.64% |
-5.88% |
-6.69% |
4.68% |
November |
-2.19% |
-13.82% |
8.51% |
-6.73% |
-15.19% |
December |
-4.16% |
2.28% |
-6.96% |
-1.57% |
-2.94% |
Annual |
-20.21% |
72.71% |
-16.63% |
-0.65% |
-44.96% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra Bloomberg Natural Gas |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
October 4, 2011 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$9,420,081,108 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$2,850,319,896 |
Net Asset Value as of December 31, 2023 |
$729,892,808 |
Net Asset Value per Share3 as of December 31, 2023 |
$28.55 |
Worst Monthly Loss:4
|
-60.90% (June 2022) |
Worst Peak-to-Valley Loss:5
|
-100.00% (Inception - December 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-5.56% |
-27.78% |
1.46% |
80.27% |
-59.49% |
February |
-4.00% |
-20.88% |
17.14% |
-23.08% |
-10.15% |
March |
-11.33% |
-12.94% |
-14.61% |
58.38% |
-44.18% |
April |
-10.47% |
23.44% |
14.28% |
55.69% |
-7.80% |
May |
-12.61% |
-29.43% |
-0.05% |
15.80% |
-24.50% |
June |
-12.90% |
-22.20% |
45.17% |
-60.90% |
35.30% |
July |
-5.36% |
-1.64% |
15.63% |
118.70% |
-10.79% |
August |
-1.50% |
68.97% |
21.17% |
18.71% |
1.12% |
September |
-0.33% |
-26.98% |
68.64% |
-48.19% |
-13.85% |
October |
3.06% |
23.90% |
-22.92% |
-20.98% |
25.71% |
November |
-31.78% |
-32.50% |
-36.01% |
3.89% |
-46.65% |
December |
-7.22% |
-26.94% |
-37.91% |
-58.46% |
-21.17% |
Annual |
-66.80% |
-75.00% |
21.77% |
-28.99% |
-92.14% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Bloomberg Natural Gas |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
October 4, 2011 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$5,331,246,728 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$(40,171,852) |
Net Asset Value as of December 31, 2023 |
$140,963,092 |
Net Asset Value per Share3 as of December 31, 2023 |
$48.05 |
Worst Monthly Loss:4
|
-65.92% (July 2022) |
Worst Peak-to-Valley Loss:5
|
-99.34% (February 2016 - August 2022) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-7.09% |
34.40% |
-7.11% |
-53.24% |
103.22% |
February |
1.36% |
20.18% |
-21.75% |
-0.39% |
-5.69% |
March |
11.30% |
1.86% |
13.10% |
-43.80% |
37.43% |
April |
10.26% |
-28.73% |
-15.02% |
-45.79% |
-2.88% |
May |
11.49% |
26.90% |
-2.17% |
-30.15% |
20.08% |
June |
10.46% |
17.25% |
-33.75% |
74.12% |
-33.61% |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
July |
0.50% |
-8.93% |
-16.32% |
-65.92% |
7.00% |
August |
-1.67% |
-49.67% |
-21.57% |
-26.57% |
-7.92% |
September |
-3.19% |
24.38% |
-50.38% |
62.40% |
13.30% |
October |
-5.90% |
-23.92% |
5.01% |
6.87% |
-25.95% |
November |
35.41% |
36.88% |
23.56% |
-23.62% |
78.47% |
December |
2.78% |
19.29% |
35.84% |
90.52% |
18.33% |
Annual |
78.32% |
23.56% |
-74.01% |
-89.09% |
256.00% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Silver |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
December 1, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$3,018,810,007 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$283,563,150 |
Net Asset Value as of December 31, 2023 |
$65,149,686 |
Net Asset Value per Share3 as of December 31, 2023 |
$18.14 |
Worst Monthly Loss:4
|
-44.81% (July 2020) |
Worst Peak-to-Valley Loss:5
|
-99.84% (Inception - November 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-6.80% |
-2.04% |
-8.22% |
5.89% |
0.85% |
February |
6.50% |
17.73% |
-3.80% |
-16.23% |
28.66% |
March |
6.31% |
18.38% |
14.06% |
-9.60% |
-26.18% |
April |
2.60% |
-14.00% |
-10.92% |
17.53% |
-7.66% |
May |
5.22% |
-36.62% |
-16.28% |
11.49% |
12.86% |
June |
-9.65% |
-1.45% |
12.25% |
12.88% |
5.52% |
July |
-13.11% |
-44.81% |
3.70% |
-1.76% |
-16.27% |
August |
-19.88% |
-35.87% |
11.59% |
27.10% |
3.15% |
September |
12.25% |
39.57% |
15.59% |
-14.08% |
21.15% |
October |
-11.99% |
-4.55% |
-16.31% |
-5.29% |
-6.27% |
November |
12.60% |
6.08% |
8.80% |
-24.15% |
-18.72% |
December |
-9.59% |
-29.38% |
-5.97% |
-20.49% |
11.03% |
Annual |
-27.94% |
-74.10% |
-3.45% |
-27.32% |
-6.77% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Gold |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
December 1, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$1,085,099,364 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$99,343,592 |
Net Asset Value as of December 31, 2023 |
$11,795,779 |
Net Asset Value per Share3 as of December 31, 2023 |
$26.39 |
Worst Monthly Loss:4
|
-15.62% (July 2020) |
Worst Peak-to-Valley Loss:5
|
-94.72% (Inception - December 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-5.65% |
-7.46% |
4.16% |
3.20% |
-10.45% |
February |
1.21% |
1.68% |
13.47% |
-11.09% |
11.96% |
March |
3.49% |
-7.76% |
1.20% |
-6.29% |
-13.79% |
April |
1.87% |
-12.77% |
-6.19% |
3.93% |
-1.54% |
May |
-3.14% |
-5.94% |
-14.14% |
7.14% |
3.49% |
June |
-14.44% |
-6.07% |
14.49% |
4.05% |
5.51% |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
July |
-1.85% |
-15.62% |
-4.85% |
4.65% |
-4.06% |
August |
-12.09% |
-1.03% |
-0.81% |
6.16% |
4.49% |
September |
7.21% |
8.19% |
6.32% |
6.00% |
10.92% |
October |
-5.71% |
1.08% |
-3.42% |
3.21% |
-12.73% |
November |
6.48% |
10.58% |
0.43% |
-12.18% |
-4.18% |
December |
-6.65% |
-12.24% |
-6.02% |
-7.78% |
-1.80% |
Annual |
-27.67% |
-40.72% |
0.89% |
-1.94% |
-15.15% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra Euro |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
November 24, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$114,134,561 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$8,686,406 |
Net Asset Value as of December 31, 2023 |
$7,114,015 |
Net Asset Value per Share3 as of December 31, 2023 |
$11.86 |
Worst Monthly Loss:4
|
-9.30% (April 2022) |
Worst Peak-to-Valley Loss:5
|
-71.18% (November 2009 -September 2022) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-0.67% |
-2.57% |
-1.54% |
-2.72% |
2.86% |
February |
-1.60% |
-1.27% |
-1.30% |
-0.56% |
-5.50% |
March |
-3.14% |
-0.73% |
-5.86% |
-3.12% |
4.90% |
April |
-0.41% |
-1.62% |
4.86% |
-9.30% |
3.12% |
May |
-1.20% |
2.37% |
2.68% |
3.17% |
-5.99% |
June |
3.18% |
2.26% |
-5.64% |
-5.15% |
4.09% |
July |
-5.64% |
9.61% |
-0.15% |
-5.22% |
1.44% |
August |
-1.86% |
2.39% |
-1.13% |
-3.74% |
-2.73% |
September |
-1.97% |
-3.67% |
-3.96% |
-5.38% |
-4.95% |
October |
4.25% |
-1.55% |
-0.59% |
1.19% |
0.20% |
November |
-2.69% |
4.68% |
-3.96% |
10.49% |
5.84% |
December |
3.22% |
4.52% |
0.27% |
5.36% |
2.83% |
Annual |
-8.64% |
14.54% |
-15.64% |
-15.41% |
5.23% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra Yen |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
November 24, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$73,445,905 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$33,803,149 |
Net Asset Value as of December 31, 2023 |
$30,205,770 |
Net Asset Value per Share3 as of December 31, 2023 |
$27.46 |
Worst Monthly Loss:4
|
-12.23% (April 2022) |
Worst Peak-to-Valley Loss:5
|
-83.77% (August 2011 - October 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
0.85% |
0.25% |
-2.98% |
-0.16% |
0.92% |
February |
-4.85% |
0.79% |
-3.57% |
0.19% |
-9.17% |
March |
0.80% |
-0.34% |
-7.49% |
-11.05% |
4.44% |
April |
-1.55% |
-0.04% |
2.47% |
-12.23% |
-5.75% |
May |
5.34% |
-1.07% |
-1.09% |
1.31% |
-5.06% |
June |
0.67% |
-0.47% |
-2.37% |
-10.37% |
-7.40% |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
July |
-2.22% |
3.83% |
2.38% |
3.14% |
2.08% |
August |
4.35% |
-0.25% |
-0.68% |
-8.34% |
-5.05% |
September |
-3.74% |
0.69% |
-2.44% |
-8.40% |
-5.83% |
October |
-0.15% |
1.31% |
-4.76% |
-5.79% |
-3.49% |
November |
-2.93% |
0.39% |
1.49% |
15.17% |
3.82% |
December |
0.94% |
1.97% |
-3.76% |
9.64% |
9.58% |
Annual |
-2.96% |
7.17% |
-20.97% |
-26.95% |
-20.50% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Yen |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
November 24, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$2,074,237,348 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$(188,460,759) |
Net Asset Value as of December 31, 2023 |
$24,010,010 |
Net Asset Value per Share3 as of December 31, 2023 |
$68.88 |
Worst Monthly Loss:4
|
-13.74% (November 2022) |
Worst Peak-to-Valley Loss:5
|
-22.84% (October 2022 - January 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-0.88% |
-0.28% |
2.82% |
-0.14% |
-1.01% |
February |
5.17% |
-1.06% |
3.41% |
0.07% |
10.04% |
March |
-0.72% |
-1.68% |
7.79% |
11.81% |
-4.21% |
April |
1.61% |
-0.28% |
-2.65% |
13.24% |
6.22% |
May |
-5.00% |
0.83% |
0.85% |
-1.75% |
5.48% |
June |
-0.51% |
0.14% |
2.17% |
10.66% |
8.27% |
July |
2.30% |
-3.99% |
-2.63% |
-3.38% |
-1.97% |
August |
-4.33% |
-0.07% |
0.44% |
8.51% |
5.70% |
September |
3.96% |
-0.88% |
2.22% |
8.68% |
6.66% |
October |
0.18% |
-1.53% |
4.69% |
5.84% |
4.04% |
November |
2.94% |
-0.78% |
-1.85% |
-13.74% |
-3.36% |
December |
-0.89% |
-2.14% |
3.63% |
-9.64% |
-8.76% |
Annual |
3.36% |
-11.19% |
22.38% |
29.31% |
28.33% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Euro |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
November 24, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$2,859,121,519 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$(143,456,939) |
Net Asset Value as of December 31, 2023 |
$39,367,550 |
Net Asset Value per Share3 as of December 31, 2023 |
$29.16 |
Worst Monthly Loss:4
|
-9.76% (November 2022) |
Worst Peak-to-Valley Loss:5
|
-19.98% (April 2020 - December 2020) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
0.67% |
2.68% |
1.29% |
2.44% |
-2.58% |
February |
1.72% |
1.25% |
1.05% |
0.73% |
6.08% |
March |
3.28% |
-0.19% |
5.85% |
2.53% |
-4.58% |
April |
0.55% |
1.29% |
-4.91% |
9.90% |
-2.70% |
May |
1.39% |
-2.62% |
-2.90% |
-3.55% |
6.84% |
June |
-3.00% |
-2.52% |
5.65% |
4.95% |
-3.60% |
July |
6.04% |
-9.10% |
-0.09% |
5.12% |
-1.10% |
August |
1.96% |
-2.62% |
0.91% |
3.65% |
3.32% |
September |
2.09% |
3.51% |
3.89% |
5.17% |
5.69% |
October |
-3.98% |
1.27% |
0.35% |
-1.56% |
0.27% |
November |
2.79% |
-4.72% |
3.85% |
-9.76% |
-5.21% |
December |
-3.11% |
-4.65% |
-0.59% |
-4.87% |
-2.38% |
Annual |
10.39% |
-15.89% |
14.68% |
13.97% |
-0.98% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Ticker |
Fund |
Split Ratio |
SVXY |
ProShares Short VIX Short-Term Futures |
2:1 |
KOLD |
ProShares UltraShort Bloomberg Natural Gas |
2:1 |
Ticker |
Fund |
Split Ratio |
Old Cusip |
New Cusip |
UVXY |
ProShares Ultra VIX Short-Term Futures ETF |
1:5 |
74347Y771 |
74347Y755 |
|
ProShares UltraShort
Bloomberg Natural Gas |
ProShares
Short VIX Short-Term Futures |
ProShares Ultra VIX Short-Term
Futures ETF |
Shares outstanding, at December 31, 2023 |
2,933,712 |
5,168,614 |
8,264,892 |
Shares outstanding, at December 31, 2022 |
9,933,712 |
11,568,614 |
1,861,568 |
|
Net asset value,
beginning of period |
Net investment
income (loss) |
Net realized and
unrealized gain (loss) |
Change in net asset value
from operations |
Net asset value,
end of period |
Market value per share,
end of period |
ProShares UltraShort Bloomberg Natural Gas |
|
|
|
|
|
|
For the Year Ended December 31, 2023 |
$13.50
|
$0.77
|
$33.78
|
$34.55
|
$48.05
|
$48.21
|
For the Year Ended December 31, 2022 |
$123.70
|
$(0.03)
|
$(110.17)
|
$(110.20)
|
$13.50
|
$13.78
|
For the Year Ended December 31, 2021 |
$475.92
|
$(1.96)
|
$(350.26)
|
$(352.22)
|
$123.70 |
$121.10 |
ProShares Short VIX Short-Term Futures |
|
|
|
|
|
|
For the Year Ended December 31, 2023 |
$29.35
|
$1.05
|
$21.29
|
$22.34
|
$51.69
|
$51.70
|
For the Year Ended December 31, 2022 |
$30.78
|
$(0.09)
|
$(1.34)
|
$(1.43)
|
$29.35
|
$29.34
|
For the Year Ended December 31, 2021 |
$20.71
|
$(0.34)
|
$10.41
|
$10.07
|
$30.78
|
$30.78
|
ProShares Ultra VIX Short-Term Futures ETF |
|
|
|
|
|
|
For the Year Ended December 31, 2023 |
$343.43
|
$2.11
|
$(303.37)
|
$(301.26)
|
$42.17
|
$42.20
|
For the Year Ended December 31, 2022 |
$620.31
|
$(3.78)
|
$(273.10)
|
$(276.88)
|
$343.43 |
$343.00 |
For the Year Ended December 31, 2021 |
$5,333.88 |
$(29.68) |
$(4,683.89) |
$(4,713.57) |
$620.31 |
$621.50 |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares VIX Mid-Term Futures ETF | |
Selling price per share |
$15.00 |
|
Management fee(2)
|
$0.13 |
0.85% |
Brokerage commissions and fees |
$0.02 |
0.14% |
Variable create/redeem fees(3)
|
$(0.01) |
(0.05)% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.14 |
0.94% |
Interest income(4)
|
$(0.58) |
(3.89)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares Ultra Bloomberg Natural Gas | |
Selling price per share |
$15.00 |
|
Management fee(2)
|
$0.14 |
0.95% |
Brokerage commissions and fees |
$0.06 |
0.43% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.20 |
1.38% |
Interest income(4)
|
$(0.32) |
(2.11)% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares Ultra Bloomberg Natural Gas | |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares UltraShort Bloomberg Natural Gas | |
Selling price per share |
$65.00 |
|
Management fee(2)
|
$0.62 |
0.95% |
Brokerage commissions and fees |
$0.46 |
0.71% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$1.08 |
1.66% |
Interest income(4)
|
$(1.69) |
(2.61)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares UltraShort Silver | |
Selling price per share |
$20.00 |
|
Management fee(2)
|
$0.19 |
0.95% |
Brokerage commissions and fees |
$0.07 |
0.37% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.26 |
1.32% |
Interest income(4)
|
$(1.13) |
(5.67)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares UltraShort Gold | |
Selling price per share |
$25.00 |
|
Management fee(2)
|
$0.24 |
0.95% |
Brokerage commissions and fees |
$0.08 |
0.32% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.32 |
1.27% |
Interest income(4)
|
$(0.90) |
(3.61)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares Ultra Euro | |
Selling price per share |
$10.00 |
|
Management fee(2)
|
$0.10 |
0.95% |
Brokerage commissions and fees |
$0.00 |
0.03% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares Ultra Euro | |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.10 |
0.98% |
Interest income(4)
|
$(0.44) |
(4.38)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares UltraShort Euro | |
Selling price per share |
$30.00 |
|
Management fee(2)
|
$0.29 |
0.95% |
Brokerage commissions and fees |
$0.01 |
0.03% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.30 |
0.98% |
Interest income(4)
|
$(1.31) |
(4.38)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares Ultra Yen | |
Selling price per share |
$25.00 |
|
Management fee(2)
|
$0.24 |
0.95% |
Brokerage commissions and fees |
$0.01 |
0.03% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.25 |
0.98% |
Interest income(4)
|
$(1.29) |
(5.15)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Expenses(1) |
Dollar
Amount and Percentage of Expenses per Fund | |
|
ProShares UltraShort Yen | |
Selling price per share |
$80.00 |
|
Management fee(2)
|
$0.76 |
0.95% |
Brokerage commissions and fees |
$0.02 |
0.03% |
Other expenses |
$0.00 |
0.00% |
Total fees and expenses |
$0.78 |
0.98% |
Interest income(4)
|
$(3.30) |
(4.12)% |
Amount of trading income required for the NAV at the end of one year to equal the initial
selling price per share (12-Month breakeven)(5) |
$0.00 |
0.00% |
Name of Pool: |
ProShares Short VIX Short-Term Futures ETF |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
October 3, 2011 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$14,817,167,460 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$153,497,788 |
Net Asset Value as of December 31, 2023 |
$267,184,359 |
Net Asset Value per Share3 as of December 31, 2023 |
$51.69 |
Worst Monthly Loss:4
|
-39.79% (March 2020) |
Worst Peak-to-Valley Loss:5
|
-93.91% (December 2017-March 2020) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
13.90% |
-4.78% |
-12.91% |
-8.63% |
11.45% |
February |
6.11% |
-17.55% |
12.24% |
-8.73% |
-1.38% |
March |
2.17% |
-39.79% |
16.42% |
6.35% |
-1.23% |
April |
6.59% |
6.11% |
5.70% |
-12.77% |
8.65% |
May |
-10.42% |
4.76% |
4.11% |
5.00% |
4.26% |
June |
9.13% |
-8.93% |
7.23% |
-3.63% |
17.29% |
July |
2.47% |
7.92% |
-3.42% |
11.31% |
4.71% |
August |
-9.81% |
2.36% |
7.77% |
-1.12% |
1.93% |
September |
7.05% |
1.96% |
-5.92% |
-8.50% |
-4.58% |
October |
7.63% |
-4.62% |
13.03% |
8.90% |
-2.23% |
November |
8.89% |
22.61% |
-12.52% |
8.48% |
16.39% |
December |
3.84% |
0.12% |
14.35% |
2.39% |
5.34% |
Annual |
54.92% |
-36.89% |
48.68% |
-4.64% |
76.09% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra Bloomberg Crude Oil† |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
November 24, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$18,308,329,254 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$60,620,079 |
Net Asset Value as of December 31, 2023 |
$652,793,437 |
Net Asset Value per Share3 as of December 31, 2023 |
$26.28 |
Worst Monthly Loss:4
|
-85.06% (March 2020) |
Worst Peak-to-Valley Loss:5
|
-99.94% (Inception -April 2020) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
37.17% |
-28.51% |
11.58% |
29.71% |
-2.98% |
February |
10.52% |
-26.25% |
35.90% |
15.54% |
-5.99% |
March |
8.71% |
-85.06% |
-4.74% |
17.60% |
-3.86% |
April |
12.78% |
-63.40% |
14.07% |
6.28% |
1.51% |
May |
-30.81% |
70.27% |
8.69% |
16.97% |
-18.77% |
June |
16.85% |
14.42% |
20.06% |
-11.74% |
8.51% |
July |
-0.54% |
5.91% |
2.83% |
-5.38% |
29.19% |
August |
-12.95% |
9.49% |
-10.33% |
-12.54% |
4.39% |
September |
-5.39% |
-13.36% |
17.09% |
-23.91% |
10.06% |
October |
0.73% |
-20.52% |
14.45% |
19.63% |
-10.05% |
November |
2.59% |
42.35% |
-29.81% |
-2.00% |
-8.14% |
December |
22.63% |
11.90% |
26.99% |
-1.59% |
-9.77% |
Annual |
55.99% |
-92.86% |
136.82% |
40.48% |
-13.18% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra Gold |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
December 1, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$1,146,479,556 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$181,266,167 |
Net Asset Value as of December 31, 2023 |
$191,502,023 |
Net Asset Value per Share3 as of December 31, 2023 |
$63.83 |
Worst Monthly Loss:4
|
-13.92% (June 2021) |
Worst Peak-to-Valley Loss:5
|
-66.92% (August 2011 -April 2019) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
5.88% |
7.74% |
-5.54% |
-4.05% |
11.60% |
February |
-1.41% |
-3.01% |
-13.04% |
11.71% |
-10.79% |
March |
-3.69% |
1.93% |
-2.14% |
4.75% |
14.64% |
April |
-1.98% |
11.92% |
5.95% |
-4.50% |
1.33% |
May |
3.03% |
5.16% |
15.64% |
-7.49% |
-3.47% |
June |
16.14% |
5.31% |
-13.92% |
-4.60% |
-5.10% |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
July |
1.59% |
17.50% |
4.56% |
-5.15% |
4.43% |
August |
12.99% |
-1.41% |
-0.23% |
-6.24% |
-4.09% |
September |
-7.40% |
-8.52% |
-6.90% |
-6.30% |
-9.76% |
October |
5.73% |
-1.89% |
2.87% |
-3.83% |
14.26% |
November |
-6.44% |
-11.42% |
-1.36% |
13.10% |
4.38% |
December |
6.92% |
12.92% |
5.72% |
7.58% |
1.47% |
Annual |
32.56% |
37.32% |
-11.67% |
-7.73% |
15.88% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra Silver |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
December 1, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$4,184,194,204 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$1,438,758,385 |
Net Asset Value as of December 31, 2023 |
$390,146,373 |
Net Asset Value per Share3 as of December 31, 2023 |
$27.29 |
Worst Monthly Loss:4
|
-34.13% (September 2020) |
Worst Peak-to-Valley Loss:5
|
-97.51% (April 2011 - March 2020) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
6.81% |
0.67% |
1.86% |
-8.97% |
-1.84% |
February |
-6.68% |
-18.09% |
-6.37% |
17.38% |
-23.45% |
March |
-6.79% |
-29.61% |
-14.52% |
4.98% |
30.36% |
April |
-2.92% |
7.86% |
10.41% |
-16.65% |
6.96% |
May |
-5.62% |
51.00% |
16.47% |
-12.28% |
-12.89% |
June |
9.58% |
-1.37% |
-13.54% |
-13.18% |
-6.72% |
July |
14.13% |
65.32% |
-5.39% |
-2.60% |
17.29% |
August |
22.48% |
31.26% |
-12.73% |
-23.24% |
-4.49% |
September |
-15.15% |
-34.13% |
-16.45% |
12.39% |
-18.25% |
October |
12.79% |
0.07% |
17.43% |
-0.55% |
3.98% |
November |
-12.10% |
-11.20% |
-10.20% |
26.88% |
20.96% |
December |
9.49% |
35.08% |
4.18% |
20.71% |
-12.37% |
Annual |
20.10% |
59.97% |
-31.31% |
-8.87% |
-14.07% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Ultra VIX Short-Term Futures ETF |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
October 3, 2011 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$32,783,719,909 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$8,415,936,952 |
Net Asset Value as of December 31, 2023 |
$348,555,743 |
Net Asset Value per Share3 as of December 31, 2023 |
$42.17 |
Worst Monthly Loss:4
|
-48.56% (November 2020) |
Worst Peak-to-Valley Loss:5
|
-100.00% (Inception - December 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-35.48% |
9.33% |
36.42% |
22.67% |
-28.71% |
February |
-17.46% |
58.78% |
-34.87% |
15.22% |
1.29% |
March |
-10.08% |
165.90% |
-40.58% |
-22.97% |
-6.74% |
April |
-18.62% |
-27.02% |
-17.77% |
35.85% |
-23.42% |
May |
25.96% |
-22.77% |
-22.08% |
-24.64% |
-14.20% |
June |
-24.06% |
-0.13% |
-22.66% |
5.00% |
-39.18% |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
July |
-9.46% |
-24.15% |
2.35% |
-28.94% |
-14.03% |
August |
17.21% |
-9.21% |
-23.68% |
-0.90% |
-8.86% |
September |
-21.26% |
-11.13% |
12.07% |
25.91% |
11.83% |
October |
-23.74% |
7.28% |
-32.63% |
-24.02% |
-1.93% |
November |
-23.67% |
-48.56% |
24.85% |
-23.07% |
-37.34% |
December |
-14.19% |
-4.09% |
-39.62% |
-8.74% |
-15.26% |
Annual |
-84.44% |
-15.84% |
-88.37% |
-44.65% |
-87.72% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Bloomberg Crude Oil† |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
November 24, 2008 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$9,052,653,331 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$237,773,988 |
Net Asset Value as of December 31, 2023 |
$188,963,592 |
Net Asset Value per Share3 as of December 31, 2023 |
$20.75 |
Worst Monthly Loss:4
|
-50.78% (May 2020) |
Worst Peak-to-Valley Loss:5
|
-99.17% (February 2009 - September 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-29.89% |
36.14% |
-11.92% |
-24.31% |
0.80% |
February |
-11.14% |
30.49% |
-28.34% |
-15.37% |
4.06% |
March |
-9.00% |
126.55% |
-1.78% |
-29.09% |
0.21% |
April |
-12.55% |
-5.34% |
-14.89% |
-10.38% |
-3.72% |
May |
38.83% |
-50.78% |
-10.32% |
-18.68% |
18.21% |
June |
-17.80% |
-19.95% |
-17.59% |
8.32% |
-10.52% |
July |
-2.51% |
-7.74% |
-6.87% |
-3.03% |
-23.62% |
August |
6.76% |
-9.90% |
6.81% |
8.81% |
-4.92% |
September |
-6.54% |
9.25% |
-16.01% |
24.81% |
-9.38% |
October |
-2.22% |
18.70% |
-13.75% |
-19.08% |
7.46% |
November |
-5.59% |
-33.10% |
29.46% |
-1.43% |
5.66% |
December |
-19.44% |
-12.00% |
-23.93% |
-1.13% |
8.43% |
Annual |
-59.07% |
-4.76% |
-72.33% |
-62.76% |
-13.27% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares VIX Short-Term Futures ETF |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
January 3, 2011 |
Aggregate Gross Capital
Subscriptions1 as of
December 31, 2023 |
$6,103,517,434 |
Aggregate Net Capital
Subscriptions2 as of
December 31, 2023 |
$1,502,230,839 |
Net Asset Value as of December 31, 2023 |
$157,321,746 |
Net Asset Value per Share3 as of December 31, 2023 |
$15.50 |
Worst Monthly Loss:4
|
-35.26% (November 2020) |
Worst Peak-to-Valley Loss:5
|
-99.99% (September 2011 - December 2023) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-24.67% |
7.12% |
24.81% |
15.71% |
-19.85% |
February |
-11.73% |
38.55% |
-23.96% |
12.12% |
1.54% |
March |
-6.13% |
107.86% |
-28.60% |
-15.30% |
-2.65% |
April |
-12.54% |
-17.16% |
-11.87% |
24.54% |
-15.89% |
May |
18.61% |
-14.30% |
-13.59% |
-15.49% |
-9.03% |
June |
-16.49% |
3.69% |
-15.18% |
4.25% |
-27.78% |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
July |
-5.94% |
-16.22% |
2.81% |
-20.12% |
-9.17% |
August |
13.97% |
-5.91% |
-15.95% |
0.11% |
-5.20% |
September |
-14.19% |
-6.72% |
8.99% |
17.32% |
8.51% |
October |
-15.80% |
5.88% |
-22.88% |
-16.41% |
0.44% |
November |
-16.26% |
-35.26% |
19.08% |
-15.68% |
-26.42% |
December |
-9.11% |
-2.25% |
-27.39% |
-5.46% |
-10.05% |
Annual |
-68.12% |
11.87% |
-72.51% |
-24.63% |
-72.81% |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraPro 3x Crude Oil ETFa |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
March 24, 2017 |
Aggregate Gross Capital
Subscriptions1 as of
April 3, 2020 |
$891,992,538 |
Aggregate Net Capital
Subscriptions2 as of
April 3, 2020 |
$376,396,221 |
Net Asset Value as of April 3, 2020 |
$— |
Net Asset Value per Share3 as of April 3, 2020 |
$— |
Worst Monthly Loss:4
|
-97.33% (March 2020) |
Worst Peak-to-Valley Loss:5
|
-99.67% (September 2018—March 2020) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
58.31% |
-40.24% |
N/A |
N/A |
N/A |
February |
15.30% |
-37.70% |
N/A |
N/A |
N/A |
Marchb
|
12.85% |
-97.33% |
N/A |
N/A |
N/A |
April |
19.04% |
N/A |
N/A |
N/A |
N/A |
May |
-43.50% |
N/A |
N/A |
N/A |
N/A |
June |
24.34% |
N/A |
N/A |
N/A |
N/A |
July |
-2.06% |
N/A |
N/A |
N/A |
N/A |
August |
-21.33% |
N/A |
N/A |
N/A |
N/A |
September |
-11.23% |
N/A |
N/A |
N/A |
N/A |
October |
0.44% |
N/A |
N/A |
N/A |
N/A |
November |
2.64% |
N/A |
N/A |
N/A |
N/A |
December |
35.12% |
N/A |
N/A |
N/A |
N/A |
Annual |
64.10% |
-99.01% |
N/A |
N/A |
N/A |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraPro 3x Short Crude Oil ETFa |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
March 24, 2017 |
Aggregate Gross Capital
Subscriptions1 as of
April 13, 2020 |
$464,876,088 |
Aggregate Net Capital
Subscriptions2 as of
April 13, 2020 |
$(81,065,469) |
Net Asset Value as of April 13, 2020 |
$— |
Net Asset Value per Share3 as of April 13, 2020 |
$— |
Name of Pool: |
ProShares UltraPro 3x Short Crude Oil ETFa |
Worst Monthly Loss:4
|
-42.29% (January 2019) |
Worst Peak-to-Valley Loss:5
|
-89.93% (June 2017—December 2019) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-42.29% |
57.34% |
N/A |
N/A |
N/A |
February |
-16.88% |
47.11% |
N/A |
N/A |
N/A |
Marchb
|
-13.66% |
84.56% |
N/A |
N/A |
N/A |
April |
-18.72% |
N/A |
N/A |
N/A |
N/A |
May |
61.35% |
N/A |
N/A |
N/A |
N/A |
June |
-26.77% |
N/A |
N/A |
N/A |
N/A |
July |
-4.90% |
N/A |
N/A |
N/A |
N/A |
August |
7.38% |
N/A |
N/A |
N/A |
N/A |
September |
-15.78% |
N/A |
N/A |
N/A |
N/A |
October |
-3.92% |
N/A |
N/A |
N/A |
N/A |
November |
-9.40% |
N/A |
N/A |
N/A |
N/A |
December |
-28.09% |
N/A |
N/A |
N/A |
N/A |
Annual |
-78.59% |
327.18% |
N/A |
N/A |
N/A |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares UltraShort Australian Dollara |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
July 17, 2012 |
Aggregate Gross Capital
Subscriptions1 as of May
12, 2022 |
$42,781,314 |
Aggregate Net Capital
Subscriptions2 as of May
12, 2022 |
$(4,851,156) |
Net Asset Value as of May 12, 2022 |
$— |
Net Asset Value per Share3 as of May 12, 2022 |
$— |
Worst Monthly Loss:4
|
-11.53% (April 2020) |
Worst Peak-to-Valley Loss:5
|
-39.35% (March 2020 - May 2021) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
-6.11% |
10.07% |
1.52% |
5.32% |
N/A |
February |
4.98% |
5.53% |
-1.72% |
-5.24% |
N/A |
March |
-0.17% |
10.40% |
2.31% |
-6.16% |
N/A |
April |
1.45% |
-11.53% |
-3.04% |
11.85% |
N/A |
May |
3.46% |
-4.79% |
-0.29% |
0.28% |
N/A |
June |
-2.34% |
-7.42% |
5.34% |
N/A |
N/A |
July |
5.47% |
-7.02% |
4.21% |
N/A |
N/A |
August |
3.35% |
-6.34% |
0.35% |
N/A |
N/A |
September |
-0.36% |
5.75% |
2.18% |
N/A |
N/A |
October |
-3.94% |
3.47% |
-7.83% |
N/A |
N/A |
November |
3.98% |
-8.54% |
11.15% |
N/A |
N/A |
December |
-7.07% |
-9.58% |
-4.03% |
N/A |
N/A |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
Annual |
1.68% |
-21.18% |
9.22% |
5.04% |
N/A |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name of Pool: |
ProShares Short Euroa |
Type of Pool: |
Public, Exchange-listed Commodity Pool |
Date of Inception of Trading: |
June 26, 2012 |
Aggregate Gross Capital
Subscriptions1 as of May
12, 2022 |
$61,818,137 |
Aggregate Net Capital
Subscriptions2 as of May
12, 2022 |
$(3,472,691) |
Net Asset Value as of May 12, 2022 |
$— |
Net Asset Value per Share3 as of May 12, 2022 |
$— |
Worst Monthly Loss:4
|
-4.67% (July 2020) |
Worst Peak-to-Valley Loss:5
|
-10.63% (April 2020-December 2020) |
Rate of Return:6 |
2019 |
2020 |
2021 |
2022 |
2023 |
January |
0.43% |
1.40% |
0.66% |
1.23% |
N/A |
February |
0.96% |
0.66% |
0.55% |
0.37% |
N/A |
March |
1.70% |
-0.08% |
2.89% |
1.28% |
N/A |
April |
0.36% |
0.73% |
-2.50% |
4.85% |
N/A |
May |
0.77% |
-1.39% |
-1.42% |
0.39% |
N/A |
June |
-1.47% |
-1.21% |
2.74% |
N/A |
N/A |
July |
3.06% |
-4.67% |
-0.05% |
N/A |
N/A |
August |
1.05% |
-1.38% |
0.46% |
N/A |
N/A |
September |
1.16% |
1.78% |
1.91% |
N/A |
N/A |
October |
-1.89% |
0.64% |
0.18% |
N/A |
N/A |
November |
1.45% |
-2.38% |
1.93% |
N/A |
N/A |
December |
-1.57% |
-2.41% |
-0.28% |
N/A |
N/A |
Annual |
6.05% |
-8.17% |
7.15% |
8.32% |
N/A |
Year-to-Date |
N/A |
N/A |
N/A |
N/A |
N/A |
Name |
Position |
Michael L. Sapir |
Chief Executive Officer and Principal of the Sponsor |
Louis M. Mayberg |
Principal of the Sponsor |
William E. Seale |
Principal of the Sponsor |
Sapir Family Trust |
Principal of the Sponsor |
Northstar Trust |
Principal of the Sponsor |
Annette Lege |
Chief Financial Officer and Principal of the Sponsor |
Edward J. Karpowicz |
Principal Financial Officer of the Trust and Principal of the Sponsor |
Todd B. Johnson* |
Principal Executive Officer of the Trust and Chief Investment Officer and Principal of the Sponsor |
Hratch Najarian |
Director, Portfolio Management and Principal of the Sponsor |
Alexander Ilyasov |
Senior Portfolio Manager of the Sponsor |
James Linneman |
Portfolio Manager and Principal of the Sponsor |
George Banian |
Portfolio Manager of the Sponsor |
Victor M. Frye |
Principal of the Sponsor |
Fund |
NAV Calculation Time |
ProShares VIX Mid-Term Futures ETF |
4:00 p.m. (Eastern Time) |
ProShares Ultra Bloomberg Natural Gas |
2:30 p.m. (Eastern Time) |
ProShares UltraShort Bloomberg Natural Gas |
2:30 p.m. (Eastern Time) |
ProShares UltraShort Silver |
1:25 p.m. (Eastern Time) |
ProShares UltraShort Gold |
1:30 p.m. (Eastern Time) |
ProShares Ultra Euro |
4:00 p.m. (Eastern Time) |
ProShares UltraShort Euro |
4:00 p.m. (Eastern Time) |
ProShares Ultra Yen |
4:00 p.m. (Eastern Time) |
ProShares UltraShort Yen |
4:00 p.m. (Eastern Time) |
1933 Act |
Securities Act of 1933, as amended |
1934 Act |
Securities Exchange Act of 1934, as amended |
1940 Act |
Investment Company Act of 1940, as amended |
Administrator |
The Bank of New York Mellon, as administrator for the Funds |
Advisers Act |
The Investment Advisers Act of 1940 |
Authorized Participant |
Those who may purchase (i.e., create) or redeem Creation Units directly from the Funds |
Authorized Participant Agreement |
The agreement that is entered into between an Authorized Participant, the Sponsor and the Trust that
allows an Authorized Participant to purchase or redeem Creation Units directly from the
Funds |
Authorized Participant Procedures Handbook |
A handbook that details the procedures for placing and processing Purchase Orders and Redemption
Orders in Creation Units |
BNYM |
The Bank of New York Mellon |
Business Day |
Any day on which the NAV of a specified Fund is determined. |
Cboe |
Chicago Board Options Exchange, Incorporated |
CBOT |
Chicago Board of Trade |
CEA |
Commodity Exchange Act, as amended |
CFE |
Cboe Futures Exchange |
CFTC |
United States Commodity Futures Trading Commission |
CME |
Chicago Mercantile Exchange |
Code |
Internal Revenue Code of 1986, as amended |
Creation Unit |
A block of 25,000 or 50,000 Shares, as applicable, that is created for sale by the Trust to Authorized
Participants and/or submitted to the Trust for redemption by an Authorized
Participant. |
Currency Fund(s) |
The Ultra Euro Fund, the UltraShort Euro Fund, the Ultra Yen Fund and/or the UltraShort Yen Fund |
Custodian |
The Bank of New York Mellon, as custodian for the Funds |
Distributor |
SEI Investments Distribution Co., as distributor for the Funds |
Dodd-Frank Act |
Dodd-Frank Wall Street Reform and Consumer Protection Act |
DSTA |
Delaware Statutory Trust Act |
DTC |
Depository Trust Company |
EMU |
European Monetary Union |
EU |
European Union |
Exchange |
The exchange on which a Fund is primarily listed and traded (i.e., NYSE Arca or Cboe BZX Exchange,
Inc.) |
FCM |
Futures Commission Merchant |
Financial Instrument |
Instruments whose value is derived from the value of an underlying asset, rate, benchmark or an equity
market volatility index, including futures contracts, swap agreements, forward contracts,
option contracts, and other instruments. |
1933 Act |
Securities Act of 1933, as amended |
FINRA |
Financial Industry Regulatory Authority, Inc. |
Fund(s) |
One or more of the series of the Trust offered herein. |
Geared Funds |
The Ultra Funds and the UltraShort Funds |
Gold Subindex |
Bloomberg Gold Subindex |
ICE |
Intercontinental Exchange |
IRS |
United States Internal Revenue Service |
Matching Fund |
The VIX Futures Fund |
Natural Gas Funds |
The Ultra Natural Gas Fund and the UltraShort Natural Gas Fund |
Natural Gas Subindex |
Bloomberg Natural Gas Subindex |
NAV |
Net Asset Value |
NFA |
National Futures Association |
NSCC |
National Securities Clearing Corporation |
NYMEX |
New York Mercantile Exchange |
NYSE |
New York Stock Exchange |
NYSE Arca |
NYSE Arca Equities, Inc. |
Other Fund |
A series of the Trust that is not being offered pursuant to this Prospectus. |
OTC |
Over-The-Counter |
PDI |
ProFunds Distributors, Inc. |
Position Limit Rules |
The requirement of U.S. commodities exchanges to establish corresponding speculative position limits. |
Precious Metals Fund(s) |
The UltraShort Silver Fund and/or the UltraShort Gold Fund |
PTP |
Publicly-traded partnership |
Reference Asset |
The underlying asset that is used to determine the value of a Financial Instrument. |
Regulations |
The income tax regulations promulgated under the
Code. |
S&P |
Standard & Poor’s |
SEC |
United States Securities and Exchange Commission |
SEI |
SEI Investments Distribution Co. |
Shares |
Common units of beneficial interest that represent units of fractional undivided beneficial interest in and
ownership of the Funds. |
Silver Subindex |
Bloomberg Silver Subindex |
Sponsor |
ProShare Capital Management LLC |
Title VII |
Title VII of Dodd Frank |
Transfer Agent |
The Bank of New York Mellon, as transfer agent for the Funds |
Trust |
ProShares Trust II |
Trust Agreement |
The Amended and Restated Trust Agreement of ProShares Trust II, as amended by Amendment No. 1. |
Trustee |
Wilmington Trust Company |
U.K. |
United Kingdom |
1933 Act |
Securities Act of 1933, as amended |
Ultra Fund(s) |
The Ultra Natural Gas Fund, the Ultra Euro Fund, and/or the Ultra Yen Fund |
UltraShort Fund(s) |
The UltraShort Natural Gas Fund, the UltraShort Euro Fund, the UltraShort Yen Fund and/or the Precious
Metals Funds |
U.S. |
United States of America |
VIX |
Cboe Volatility Index |
VIX Index |
Cboe Volatility Index |