ProShares Trust II

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

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.

Jun 30, 2026 · Filed Aug 7, 2026

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 Ultra Euro

	June 30, 2026 (unaudited)	December 31, 2025
Assets
Short-term U.S. government and agency obligations (Note 3) (cost $1,994,278 and $–, respectively)	$1,994,224	$—
Cash	3,076,855	5,185,710
Segregated cash balances with brokers for foreign currency forward contracts	—	666,667
Unrealized appreciation on foreign currency forward contracts	576	62,719
Interest receivable	8,643	15,545
Total assets	5,080,298	5,930,641
Liabilities and shareholders’ equity
Liabilities
Payable to Sponsor	3,922	4,756
Unrealized depreciation on foreign currency forward contracts	126,416	29
Total liabilities	130,338	4,785
Commitments and Contingencies (Note 2)
Shareholders’ equity
Shareholders’ equity	4,949,960	5,925,856
Total liabilities and shareholders’ equity	$5,080,298	$5,930,641
Shares outstanding	400,000	450,000
Net asset value per share	$12 .37	$13 .17
Market value per share (Note 2)	$12 .36	$13 .16

	Principal Amount	Value
Short-term U.S. government and agency obligations
(40% of shareholders’ equity)
U.S. Treasury Bills^^:
3.656% due 07/30/26†	$2,000,000	$1,994,224
Total short-term U.S. government and agency obligations (cost $1,994,278)		$1,994,224

Foreign Currency Forward Contracts^

	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	07/17/26	3,554,921	$4,064,844	$(50,804)
Euro with UBS AG	07/17/26	5,265,502	6,020,792	(75,453)
Total Unrealized Depreciation				$(126,257)
Contracts to Sell
Euro with Goldman Sachs International	07/17/26	(81,000)	$(92,619)	$576
Euro with UBS AG	07/17/26	(81,000)	(92,619)	(159)
Total Unrealized Appreciation				$417

†	All or partial amount pledged as collateral for foreign currency forward contracts.

^	The positions and counterparties herein are as of June 30, 2026. The Fund continually evaluates different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at any time.

^^	Rates shown represent discount rate at the time of purchase.

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Investment Income
Interest	$47,346	$68,572	$94,187	$114,044
Total income	47,346	68,572	94,187	114,044
Expenses
Management fee	13,061	18,079	27,870	29,891
Total expenses	13,061	18,079	27,870	29,891
Net investment income (loss)	34,285	50,493	66,317	84,153
Realized and unrealized gain (loss) on investment activity
Net realized gain (loss) on
Foreign currency forward contracts	(45,142)	616,633	(224,784)	777,150
Net realized gain (loss)	(45,142)	616,633	(224,784)	777,150
Change in net unrealized appreciation (depreciation) on
Foreign currency forward contracts	(77,992)	415,771	(188,530)	610,648
Short-term U.S. government and agency obligations	(54)	—	(54)	—
Change in net unrealized appreciation (depreciation)	(78,046)	415,771	(188,584)	610,648
Net realized and unrealized gain (loss)	(123,188)	1,032,404	(413,368)	1,387,798
Net income (loss)	$(88,903)	$1,082,897	$(347,051)	$1,471,951

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Shareholders’ equity, beginning of period	$6,347,565	$5,111,473	$5,925,856	$5,751,156
Addition of –, 200,000, 50,000 and 200,000 shares, respectively	—	2,513,699	679,857	2,513,699
Redemption of 100,000, –, 100,000 and 100,000 shares, respectively	(1,308,702)	—	(1,308,702)	(1,028,737)
Net addition (redemption) of (100,000), 200,000, (50,000) and 100,000 shares, respectively	(1,308,702)	2,513,699	(628,845)	1,484,962
Net investment income (loss)	34,285	50,493	66,317	84,153
Net realized gain (loss)	(45,142)	616,633	(224,784)	777,150
Change in net unrealized appreciation (depreciation)	(78,046)	415,771	(188,584)	610,648
Net income (loss)	(88,903)	1,082,897	(347,051)	1,471,951
Shareholders’ equity, end of period	$4,949,960	$8,708,069	$4,949,960	$8,708,069

	Six Months Ended June 30,
	2026	2025
Cash flow from operating activities
Net income (loss)	$(347,051)	$1,471,951
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	(4,974,191)	—
Proceeds from sales or maturities of short-term U.S. government and agency obligations	3,000,000	—
Net amortization and accretion on short-term U.S. government and agency obligations	(20,087)	—
Change in unrealized (appreciation) depreciation on investments	188,584	(610,648)
Decrease (Increase) in interest receivable	6,902	(5,598)
Increase (Decrease) in payable to Sponsor	(834)	1,764
Net cash provided by (used in) operating activities	(2,146,677)	857,469
Cash flow from financing activities
Proceeds from addition of shares	679,857	2,513,699
Payment on shares redeemed	(1,308,702)	(1,028,737)
Net cash provided by (used in) financing activities	(628,845)	1,484,962
Net increase (decrease) in cash	(2,775,522)	2,342,431
Cash, beginning of period	5,852,377	5,903,547
Cash, end of period	$3,076,855	$8,245,978

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.