ProShares Trust II

For the period ended Sep 30, 2024. Filed Nov 18, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 18, 2024

SCO$20.19+2.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

ProShares UltraShort Euro

	September 30, 2024 (unaudited)	December 31, 2023
Assets
Cash	$28,552,506	$34,758,230
Segregated cash balances with brokers for foreign currency forward contracts	4,592,112	6,332,112
Unrealized appreciation on foreign currency forward contracts	3,425	38,029
Interest receivable	122,190	159,359
Total assets	33,270,233	41,287,730
Liabilities and shareholders’ equity
Liabilities
Payable to Sponsor	26,664	33,372
Unrealized depreciation on foreign currency forward contracts	331,061	1,886,808
Total liabilities	357,725	1,920,180
Commitments and Contingencies (Note 2)
Shareholders’ equity
Shareholders’ equity	32,912,508	39,367,550
Total liabilities and shareholders’ equity	$33,270,233	$41,287,730
Shares outstanding	1,100,000	1,350,000
Net asset value per share	$29.92	$29.16
Market value per share (Note 2)	$29.92	$29.15

	Settlement Date	Contract Amount in Local Currency	Contract Amount in U.S. Dollars	Unrealized Appreciation (Depreciation)/ Value
Contracts to Purchase
Euro with Goldman Sachs International	10/04/24	2,449,000	$2,726,606	$(7,194)
Euro with UBS AG	10/04/24	4,937,000	5,496,633	3,425
			Total Unrealized Depreciation	$(3,769)
Contracts to Sell
Euro with Goldman Sachs International	10/04/24	(33,971,263)	$(37,822,066)	$(174,548)
Euro with UBS AG	10/04/24	(32,544,199)	(36,233,239)	(149,319)
			Total Unrealized Depreciation	$(323,867)

^	The positions and counterparties herein are as of September 30, 2024. The Fund continually evaluates different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time.

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Investment Income
Interest	$400,294	$523,684	$1,288,483	$1,764,550
Expenses
Management fee	84,768	111,472	270,996	404,141
Total expenses	84,768	111,472	270,996	404,141
Net investment income (loss)	315,526	412,212	1,017,487	1,360,409
Realized and unrealized gain (loss) on investment activity
Net realized gain (loss) on
Foreign currency forward contracts	(1,317,854)	(122,866)	(1,360,955)	(2,576,119)
Short-term U.S. government and agency obligations	—	—	4,641	—
Net realized gain (loss)	(1,317,854)	(122,866)	(1,356,314)	(2,576,119)
Change in net unrealized appreciation (depreciation) on
Foreign currency forward contracts	(1,247,585)	3,207,102	1,521,143	3,909,584
Short-term U.S. government and agency obligations	—	—	—	(4,802)
Change in net unrealized appreciation (depreciation)	(1,247,585)	3,207,102	1,521,143	3,904,782
Net realized and unrealized gain (loss)	(2,565,439)	3,084,236	164,829	1,328,663
Net income (loss)	$(2,249,913)	$3,496,448	$1,182,316	$2,689,072

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Shareholders’ equity, beginning of period	$38,226,983	$50,931,301	$39,367,550	$75,113,179
Addition of –, –, 50,000 and 100,000 shares, respectively	—	—	1,591,183	3,051,886
Redemption of 100,000, 350,000, 300,000 and 1,250,000 shares, respectively	(3,064,562)	(10,423,341)	(9,228,541)	(36,849,729)
Net addition (redemption) of (100,000), (350,000), (250,000) and (1,150,000) shares, respectively	(3,064,562)	(10,423,341)	(7,637,358)	(33,797,843)
Net investment income (loss)	315,526	412,212	1,017,487	1,360,409
Net realized gain (loss)	(1,317,854)	(122,866)	(1,356,314)	(2,576,119)
Change in net unrealized appreciation (depreciation)	(1,247,585)	3,207,102	1,521,143	3,904,782
Net income (loss)	(2,249,913)	3,496,448	1,182,316	2,689,072
Shareholders’ equity, end of period	$32,912,508	$44,004,408	$32,912,508	$44,004,408

	Nine Months Ended September 30,
	2024	2023
Cash flow from operating activities
Net income (loss)	$1,182,316	$2,689,072
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Purchases of short-term U.S. government and agency obligations	—	(54,925,175)
Proceeds from sales or maturities of short-term U.S. government and agency obligations	4,641	95,000,000
Net amortization and accretion on short-term U.S. government and agency obligations	—	(83,003)
Net realized (gain) loss on investments	(4,641)	—
Change in unrealized (appreciation) depreciation on investments	(1,521,143)	(3,904,782)
Decrease (Increase) in interest receivable	37,169	(55,032)
Increase (Decrease) in payable to Sponsor	(6,708)	(28,970)
Net cash provided by (used in) operating activities	(308,366)	38,692,110
Cash flow from financing activities
Proceeds from addition of shares	1,591,183	3,051,886
Payment on shares redeemed	(9,228,541)	(36,849,729)
Net cash provided by (used in) financing activities	(7,637,358)	(33,797,843)
Net increase (decrease) in cash	(7,945,724)	4,894,267
Cash, beginning of period	41,090,342	37,531,356
Cash, end of period	$33,144,618	$42,425,623

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.