ProShares Trust II
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 11. Executive Compensation
The Funds have no employees or directors and are managed by the Sponsor. None of the officers of the Trust, or the members or officers of the Sponsor receive compensation from the Funds.
The Sponsor receives a monthly Management Fee from each Fund, with the exception of each Matching VIX Fund, equal to 0.95% annually of the average daily net asset value per share at the end of each month. The Sponsor receives a monthly Management Fee from each Matching VIX Fund equal to 0.85% annually of the average daily net asset value per share at the end of each month. During the first year of each Fund’s operations, the Sponsor will waive the Management Fee to the extent that such amounts cumulatively exceed the offering costs incurred by each Fund. For the year ended December 31, 2023, the following represents Management Fees earned by the Sponsor:
| Fund | Amount |
|---|---|
| ProShares Short VIX Short-Term Futures ETF | $2,500,560 |
| ProShares Ultra Bloomberg Crude Oil | 6,801,744 |
| ProShares Ultra Bloomberg Natural Gas | 9,157,296 |
| ProShares Ultra Euro | 77,062 |
| ProShares Ultra Gold | 1,735,128 |
| ProShares Ultra Silver | 3,644,422 |
| ProShares Ultra VIX Short-Term Futures ETF | 4,392,607 |
| ProShares Ultra Yen | 145,536 |
| ProShares UltraShort Bloomberg Crude Oil | 1,871,453 |
| ProShares UltraShort Bloomberg Natural Gas | 1,226,758 |
| ProShares UltraShort Euro | 505,085 |
| ProShares UltraShort Gold | 140,787 |
| ProShares UltraShort Silver | 287,739 |
| ProShares UltraShort Yen | 233,492 |
| ProShares VIX Mid-Term Futures ETF | 499,363 |
| ProShares VIX Short-Term Futures ETF | 1,893,306 |
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