ProShares Trust II
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
SCO$20.19+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Financial Statements and Supplementary Data
Statement of Operations for the three month periods ended March 31, 2023 and 2022, June 30, 2023 and 2022, September 30, 2023 and 2022, and December 31, 2023 and 2022 and the years ended December 31, 2023 and 2022 for each Fund, as applicable.
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
|---|---|---|---|---|---|
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $1,416,842 | $1,696,752 | $1,851,366 | $2,242,087 | $7,207,047 |
| Net realized and unrealized gain (loss) | $32,759,325 | $74,875,432 | $3,968,176 | $50,434,582 | $162,037,515 |
| Net income (loss) | $34,176,167 | $76,572,184 | $5,819,542 | $52,676,669 | $169,244,562 |
| Net increase (decrease) in net asset value per share | $5.02 | $20.95 | $1.57 | $17.14 | $44.68 |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(1,296,922) | $(1,094,000) | $(90,304) | $1,031,207 | $(1,450,019) |
| Net realized and unrealized gain (loss) | $(36,813,201) | $(47,612,992) | $10,224,384 | $75,446,620 | $1,244,811 |
| Net income (loss) | $(38,110,123) | $(48,706,992) | $10,134,080 | $76,477,827 | $(205,208) |
| Net increase (decrease) in net asset value per share | $(7.01) | $(6.41) | $0.37 | $10.19 | $(2.85) |
| PROSHARES ULTRA BLOOMBERG CRUDE OIL | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $4,038,946 | $4,038,791 | $3,659,529 | $3,723,236 | $15,460,502 |
| Net realized and unrealized gain (loss) | $(52,430,015) | $(30,875,638) | $272,727,215 | $(174,633,840) | $14,787,722 |
| Net income (loss) | $(48,391,069) | $(26,836,847) | $276,386,744 | $(170,910,604) | $30,248,224 |
| Net increase (decrease) in net asset value per share | $(3.73) | $(2.79) | $11.50 | $(8.96) | $(3.98) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(3,224,160) | $(2,084,704) | $153,992 | $2,733,247 | $(2,421,625) |
| Net realized and unrealized gain (loss) | $704,755,947 | $151,747,330 | $(377,827,106) | $139,314,150 | $617,990,321 |
| Net income (loss) | $701,531,787 | $149,662,626 | $(377,673,114) | $142,047,397 | $615,568,696 |
| Net increase (decrease) in net asset value per share | $16.40 | $3.67 | $(15.40) | $4.05 | $8.72 |
| PROSHARES ULTRA BLOOMBERG NATURAL GAS* | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $5,489,641 | $4,920,978 | $6,034,053 | $5,134,182 | $21,578,854 |
| Net realized and unrealized gain (loss) | $(1,114,644,554) | $41,170,109 | $(173,392,209) | $(479,605,370) | $(1,726,472,024) |
| Net income (loss) | $(1,109,154,913) | $46,091,087 | $(167,358,156) | $(474,471,188) | $(1,704,893,170) |
| Net increase (decrease) in net asset value per share | $(289.32) | $(4.28) | $(15.48) | $(25.45) | $(334.53) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(516,598) | $(566,073) | $106,387 | $1,741,555 | $765,271 |
| Net realized and unrealized gain (loss) | $161,084,980 | $(106,297,775) | $91,328,230 | $(338,782,316) | $(192,666,881) |
| Net income (loss) | $160,568,382 | $(106,863,848) | $91,434,617 | $(337,040,761) | $(191,901,610) |
| Net increase (decrease) in net asset value per share | $610.22 | $(330.60) | $273.70 | $(701.32) | $(148.00) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
|---|---|---|---|---|---|
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $72,991 | $68,331 | $63,747 | $61,745 | $266,814 |
| Net realized and unrealized gain (loss) | $183,334 | $(732) | $(484,785) | $486,969 | $184,786 |
| Net income (loss) | $256,325 | $67,599 | $(421,038) | $548,714 | $451,600 |
| Net increase (decrease) in net asset value per share | $0.22 | $0.10 | $(0.72) | $0.99 | $0.59 |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(15,691) | $(8,515) | $5,288 | $67,100 | $48,182 |
| Net realized and unrealized gain (loss) | $(585,404) | $(727,655) | $(1,713,393) | $2,400,606 | $(625,846) |
| Net income (loss) | $(601,095) | $(736,170) | $(1,708,105) | $2,467,706 | $(577,664) |
| Net increase (decrease) in net asset value per share | $(0.85) | $(1.39) | $(1.51) | $1.70 | $(2.05) |
| PROSHARES ULTRA GOLD | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $1,213,285 | $1,502,010 | $1,415,082 | $1,393,196 | $5,523,573 |
| Net realized and unrealized gain (loss) | $21,488,275 | $(15,686,735) | $(17,416,551) | $30,440,370 | $18,825,359 |
| Net income (loss) | $22,701,560 | $(14,184,725) | $(16,001,469) | $31,833,566 | $24,348,932 |
| Net increase (decrease) in net asset value per share | $7.77 | $(4.50) | $(5.61) | $11.08 | $8.74 |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(617,466) | $(419,722) | $191,709 | $823,601 | $(21,878) |
| Net realized and unrealized gain (loss) | $32,998,085 | $(52,930,040) | $(37,603,461) | $25,100,280 | $(32,435,136) |
| Net income (loss) | $32,380,619 | $(53,349,762) | $(37,411,752) | $25,923,881 | $(32,457,014) |
| Net increase (decrease) in net asset value per share | $7.30 | $(10.53) | $(9.39) | $8.02 | $(4.60) |
| PROSHARES ULTRA SILVER | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $2,476,275 | $2,677,602 | $2,424,022 | $2,552,347 | $10,130,246 |
| Net realized and unrealized gain (loss) | $(6,391,744) | $(54,401,899) | $(30,033,136) | $38,905,327 | $(51,921,452) |
| Net income (loss) | $(3,915,469) | $(51,724,297) | $(27,609,114) | $41,457,674 | $(41,791,206) |
| Net increase (decrease) in net asset value per share | $(0.65) | $(4.06) | $(2.28) | $2.53 | $(4.46) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(1,128,206) | $(695,746) | $(15,349) | $1,498,431 | $(340,870) |
| Net realized and unrealized gain (loss) | $58,600,792 | $(206,331,148) | $(55,913,842) | $160,350,498 | $(43,293,700) |
| Net income (loss) | $57,472,586 | $(207,026,894) | $(55,929,191) | $161,848,929 | $(43,634,570) |
| Net increase (decrease) in net asset value per share | $4.22 | $(14.28) | $(3.94) | $10.91 | $(3.09) |
PROSHARES ULTRA VIX SHORT-TERM FUTURES ETF*
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
|---|---|---|---|---|---|
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $2,141,823 | $2,581,004 | $1,830,246 | $1,933,071 | $8,486,144 |
| Net realized and unrealized gain (loss) | $(180,203,681) | $(471,615,533) | $(33,733,037) | $(249,182,642) | $(934,734,893) |
| Net income (loss) | $(178,061,858) | $(469,034,529) | $(31,902,791) | $(247,249,571) | $(926,248,749) |
| Net increase (decrease) in net asset value per share | $(22.44) | $(27.77) | $(2.28) | $(7.77) | $(60.26) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(3,585,362) | $(3,277,402) | $(396,838) | $1,286,213 | $(5,973,389) |
| Net realized and unrealized gain (loss) | $245,978,647 | $287,436,850 | $(128,128,471) | $(466,239,319) | $(60,952,293) |
| Net income (loss) | $242,393,285 | $284,159,448 | $(128,525,309) | $(464,953,106) | $(66,925,682) |
| Net increase (decrease) in net asset value per share | $10.94 | $10.13 | $(16.39) | $(60.05) | $(55.37) |
| PROSHARES ULTRA YEN | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $89,558 | $89,650 | $138,386 | $203,896 | $521,490 |
| Net realized and unrealized gain (loss) | $(792,875) | $(2,118,251) | $(1,577,564) | $2,385,924 | $(2,102,766) |
| Net income (loss) | $(703,317) | $(2,028,601) | $(1,439,178) | $2,589,820 | $(1,581,276) |
| Net increase (decrease) in net asset value per share | $(1.49) | $(5.65) | $(2.39) | $2.45 | $(7.08) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
|---|---|---|---|---|---|
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(4,556) | $(4,972) | $3,923 | $60,658 | $55,053 |
| Net realized and unrealized gain (loss) | $(258,588) | $(609,293) | $(1,667,271) | $2,472,535 | $(62,617) |
| Net income (loss) | $(263,144) | $(614,265) | $(1,663,348) | $2,533,193 | $(7,564) |
| Net increase (decrease) in net asset value per share | $(5.27) | $(8.51) | $(4.48) | $5.51 | $(12.75) |
| PROSHARES ULTRASHORT BLOOMBERG CRUDE OIL | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $1,452,572 | $1,140,772 | $2,006,197 | $1,867,545 | $6,467,086 |
| Net realized and unrealized gain (loss) | $38,570,997 | $19,817,916 | $(85,783,119) | $51,943,637 | $24,549,431 |
| Net income (loss) | $40,023,569 | $20,958,688 | $(83,776,922) | $53,811,182 | $31,016,517 |
| Net increase (decrease) in net asset value per share | $1.22 | $0.47 | $(8.76) | $3.89 | $(3.18) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(585,973) | $(849,692) | $390,992 | $1,178,690 | $134,017 |
| Net realized and unrealized gain (loss) | $(104,553,059) | $(67,836,886) | $143,432,834 | $(61,307,332) | $(90,264,443) |
| Net income (loss) | $(105,139,032) | $(68,686,578) | $143,823,826 | $(60,128,642) | $(90,130,426) |
| Net increase (decrease) in net asset value per share | $(35.10) | $(6.13) | $7.30 | $(6.41) | $(40.33) |
| PROSHARES ULTRASHORT BLOOMBERG NATURAL GAS | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $650,640 | $782,210 | $1,013,760 | $946,312 | $3,392,922 |
| Net realized and unrealized gain (loss) | $138,446,168 | $(12,512,257) | $33,288,197 | $58,117,768 | $217,339,876 |
| Net income (loss) | $139,096,808 | $(11,730,047) | $34,301,957 | $59,064,080 | $220,732,798 |
| Net increase (decrease) in net asset value per share | $44.11 | $(16.05) | $6.40 | $34.64 | $69.10 |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(837,419) | $(610,379) | $(3,202) | $823,434 | $(627,566) |
| Net realized and unrealized gain (loss) | $(202,511,379) | $(54,567,757) | $(15,351,617) | $179,477,416 | $(92,953,337) |
| Net income (loss) | $(203,348,798) | $(55,178,136) | $(15,354,819) | $180,300,850 | $(93,580,903) |
| Net increase (decrease) in net asset value per share | $(182.69) | $(22.06) | $(25.30) | $9.65 | $(220.40) |
| PROSHARES ULTRASHORT EURO | |||||
|---|---|---|---|---|---|
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $485,552 | $462,645 | $412,212 | $386,045 | $1,746,454 |
| Net realized and unrealized gain (loss) | $(1,266,100) | $(489,473) | $3,084,236 | $(3,345,725) | $(2,017,062) |
| Net income (loss) | $(780,548) | $(26,828) | $3,496,448 | $(2,959,680) | $(270,608) |
| Net increase (decrease) in net asset value per share | $(0.42) | $0.06 | $2.33 | $(2.27) | $(0.30) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(102,051) | $(107,923) | $25,953 | $411,059 | $227,038 |
| Net realized and unrealized gain (loss) | $3,021,849 | $6,104,867 | $10,793,890 | $(15,158,817) | $4,761,789 |
| Net income (loss) | $2,919,798 | $5,996,944 | $10,819,843 | $(14,747,758) | $4,988,827 |
| Net increase (decrease) in net asset value per share | $1.46 | $3.08 | $4.46 | $(5.38) | $3.62 |
| PROSHARES ULTRASHORT GOLD | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $94,828 | $139,578 | $108,638 | $93,511 | $436,555 |
| Net realized and unrealized gain (loss) | $(1,686,583) | $1,205,770 | $1,184,818 | $(2,536,900) | $(1,832,895) |
| Net income (loss) | $(1,591,755) | $1,345,348 | $1,293,456 | $(2,443,389) | $(1,396,340) |
| Net increase (decrease) in net asset value per share | $(4.22) | $2.02 | $3.24 | $(5.75) | $(4.71) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(61,130) | $(59,266) | $(8,664) | $64,371 | $(64,689) |
| Net realized and unrealized gain (loss) | $(4,279,890) | $4,847,821 | $5,829,774 | $(3,674,364) | $2,723,341 |
| Net income (loss) | $(4,341,020) | $4,788,555 | $5,821,110 | $(3,609,993) | $2,658,652 |
| Net increase (decrease) in net asset value per share | $(4.48) | $4.32 | $5.63 | $(6.08) | $(0.61) |
| PROSHARES ULTRASHORT SILVER | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $134,207 | $232,359 | $245,155 | $179,238 | $790,959 |
| Net realized and unrealized gain (loss) | $1,530,387 | $6,762,984 | $6,983,201 | $1,699,006 | $16,975,578 |
| Net income (loss) | $1,664,594 | $6,995,343 | $7,228,356 | $1,878,244 | $17,766,537 |
| Net increase (decrease) in net asset value per share | $(0.83) | $1.86 | $0.95 | $(3.30) | $(1.32) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(60,608) | $(51,484) | $(13,304) | $61,212 | $(64,184) |
| Net realized and unrealized gain (loss) | $(5,584,284) | $13,264,544 | $2,139,883 | $(12,883,644) | $(3,063,501) |
| Net income (loss) | $(5,644,892) | $13,213,060 | $2,126,579 | $(12,822,432) | $(3,127,685) |
| Net increase (decrease) in net asset value per share | $(5.32) | $10.29 | $2.32 | $(14.60) | $(7.31) |
| PROSHARES ULTRASHORT YEN | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $153,388 | $197,175 | $215,363 | $253,043 | $818,969 |
| Net realized and unrealized gain (loss) | $831,525 | $4,515,794 | $2,019,962 | $(2,674,660) | $4,692,621 |
| Net income (loss) | $984,913 | $4,712,969 | $2,235,325 | $(2,421,617) | $5,511,590 |
| Net increase (decrease) in net asset value per share | $2.30 | $11.96 | $7.14 | $(6.20) | $15.20 |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
|---|---|---|---|---|---|
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(50,421) | $(66,268) | $7,640 | $231,045 | $121,996 |
| Net realized and unrealized gain (loss) | $2,621,608 | $6,549,241 | $5,356,002 | $(9,295,347) | $5,231,504 |
| Net income (loss) | $2,571,187 | $6,482,973 | $5,363,642 | $(9,064,302) | $5,353,500 |
| Net increase (decrease) in net asset value per share | $4.82 | $10.74 | $7.98 | $(11.36) | $12.18 |
| PROSHARES VIX MID-TERM FUTURES ETF | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $477,188 | $492,463 | $461,209 | $401,747 | $1,832,607 |
| Net realized and unrealized gain (loss) | $(11,238,260) | $(16,618,435) | $(3,309,969) | $(6,502,972) | $(37,669,636) |
| Net income (loss) | $(10,761,072) | $(16,125,972) | $(2,848,760) | $(6,101,225) | $(35,837,029) |
| Net increase (decrease) in net asset value per share | $(3.62) | $(6.30) | $(1.07) | $(2.68) | $(13.67) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(252,097) | $(184,164) | $(1,269) | $337,605 | $(99,925) |
| Net realized and unrealized gain (loss) | $4,317,662 | $11,854,722 | $2,018,937 | $(13,004,577) | $5,186,744 |
| Net income (loss) | $4,065,565 | $11,670,558 | $2,017,668 | $(12,666,972) | $5,086,819 |
| Net increase (decrease) in net asset value per share | $0.84 | $3.84 | $0.19 | $(5.07) | $(0.20) |
| PROSHARES VIX SHORT-TERM FUTURES ETF* | |||||
| Three Months Ended (unaudited) · Year EndedDecember 31, 2023 | |||||
| March 31, 2023 · June 30, 2023 · September 30, 2023 · December 31, 2023 | |||||
| Net investment income (loss) | $1,455,917 | $1,765,342 | $1,721,249 | $1,580,823 | $6,523,331 |
| Net realized and unrealized gain (loss) | $(44,966,668) | $(148,543,165) | $(13,108,851) | $(68,618,049) | $(275,236,733) |
| Net income (loss) | $(43,510,751) | $(146,777,823) | $(11,387,602) | $(67,037,226) | $(268,713,402) |
| Net increase (decrease) in net asset value per share | $(11.84) | $(20.21) | $(1.64) | $(7.81) | $(41.50) |
| Three Months Ended (unaudited) · Year EndedDecember 31, 2022 | |||||
| March 31, 2022 · June 30, 2022 · September 30, 2022 · December 31, 2022 | |||||
| Net investment income (loss) | $(952,113) | $(852,779) | $260,042 | $1,086,723 | $(458,127) |
| Net realized and unrealized gain (loss) | $40,285,843 | $70,259,562 | $6,241,628 | $(132,083,254) | $(15,296,221) |
| Net income (loss) | $39,333,730 | $69,406,783 | $6,501,670 | $(130,996,531) | $(15,754,348) |
| Net increase (decrease) in net asset value per share | $7.42 | $8.05 | $(5.58) | $(28.51) | $(18.62) |
See the Index to Financial Statements on Page 134 for a list of the financial statements being filed as part of this Annual Report on Form 10-K. Those Financial Statements, and the notes and schedules related thereto, are incorporated by reference into this Item 8.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.