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 Yen

	September 30, 2024 (unaudited)	December 31, 2023
Assets
Cash	$31,176,803	$21,807,595
Segregated cash balances with brokers for foreign currency forward contracts	3,831,966	3,434,732
Unrealized appreciation on foreign currency forward contracts	—	129,697
Interest receivable	134,888	100,284
Total assets	35,143,657	25,472,308
Liabilities and shareholders’ equity
Liabilities
Payable to Sponsor	28,529	20,676
Unrealized depreciation on foreign currency forward contracts	210,204	1,441,622
Total liabilities	238,733	1,462,298
Commitments and Contingencies (Note 2)
Shareholders’ equity
Shareholders’ equity	34,904,924	24,010,010
Total liabilities and shareholders’ equity	$35,143,657	$25,472,308
Shares outstanding (Note 8)	897,160	697,160
Net asset value per share (Note 8)	$38.91	$34.44
Market value per share (Note 8) (Note 2)	$38.90	$34.47

	Settlement Date	Contract Amount in Local Currency	Contract Amount in U.S. Dollars	Unrealized Appreciation (Depreciation)/ Value
Contracts to Purchase
Yen with Goldman Sachs International	10/04/24	766,460,000	$5,336,120	$(63,902)
Yen with UBS AG	10/04/24	1,844,169,000	12,839,165	(126,695)
			Total Unrealized Depreciation	$(190,597)
Contracts to Sell
Yen with Goldman Sachs International	10/04/24	(5,401,596,165)	$(37,606,091)	$(7,404)
Yen with UBS AG	10/04/24	(7,246,500,574)	(50,450,377)	(12,203)
			Total Unrealized Depreciation	$(19,607)

^	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	$449,333	$274,125	$1,220,993	$733,679
Expenses
Management fee	93,279	58,762	256,361	167,753
Total expenses	93,279	58,762	256,361	167,753
Net investment income (loss)	356,054	215,363	964,632	565,926
Realized and unrealized gain (loss) on investment activity
Net realized gain (loss) on
Foreign currency forward contracts	(5,013,671)	3,079,208	1,109,169	3,422,003
Short-term U.S. government and agency obligations	—	—	3,541	—
Net realized gain (loss)	(5,013,671)	3,079,208	1,112,710	3,422,003
Change in net unrealized appreciation (depreciation) on
Foreign currency forward contracts	(3,366,298)	(1,059,246)	1,101,721	3,948,039
Short-term U.S. government and agency obligations	—	—	—	(2,761)
Change in net unrealized appreciation (depreciation)	(3,366,298)	(1,059,246)	1,101,721	3,945,278
Net realized and unrealized gain (loss)	(8,379,969)	2,019,962	2,214,431	7,367,281
Net income (loss)	$(8,023,915)	$2,235,325	$3,179,063	$7,933,207

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Shareholders’ equity, beginning of period	$47,495,032	$27,077,656	$24,010,010	$21,397,736
Addition of 300,000, –, 900,000 and 900,000 shares, respectively (Note 8)	12,483,356	—	37,504,826	26,056,375
Redemption of 400,000, 100,000, 700,000 and 1,000,000 shares, respectively (Note 8)	(17,049,549)	(3,140,790)	(29,788,975)	(29,215,127)
Net addition (redemption) of (100,000), (100,000), 200,000 and (100,000) shares, respectively (Note 8)	(4,566,193)	(3,140,790)	7,715,851	(3,158,752)
Net investment income (loss)	356,054	215,363	964,632	565,926
Net realized gain (loss)	(5,013,671)	3,079,208	1,112,710	3,422,003
Change in net unrealized appreciation (depreciation)	(3,366,298)	(1,059,246)	1,101,721	3,945,278
Net income (loss)	(8,023,915)	2,235,325	3,179,063	7,933,207
Shareholders’ equity, end of period	$34,904,924	$26,172,191	$34,904,924	$26,172,191

	Nine Months Ended September 30,
	2024	2023
Cash flow from operating activities
Net income (loss)	$3,179,063	$7,933,207
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Proceeds from sales or maturities of short-term U.S. government and agency obligations	3,541	23,000,000
Net amortization and accretion on short-term U.S. government and agency obligations	—	(4,702)
Net realized (gain) loss on investments	(3,541)	—
Change in unrealized (appreciation) depreciation on investments	(1,101,721)	(3,945,278)
Decrease (Increase) in interest receivable	(34,604)	(58,335)
Increase (Decrease) in payable to Sponsor	7,853	(9,790)
Net cash provided by (used in) operating activities	2,050,591	26,915,102
Cash flow from financing activities
Proceeds from addition of shares	37,504,826	26,056,375
Payment on shares redeemed	(29,788,975)	(31,898,582)
Net cash provided by (used in) financing activities	7,715,851	(5,842,207)
Net increase (decrease) in cash	9,766,442	21,072,895
Cash, beginning of period	25,242,327	4,104,127
Cash, end of period	$35,008,769	$25,177,022

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.