ProShares Trust II
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout 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, 2026 · Filed Nov 6, 2026
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
ProShares VIX Mid-Term Futures ETF
| September 30, 2026 (unaudited) | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Short-term U.S. government and agency obligations (Note 3) (cost $19,859,051 and $–, respectively) | $19,850,134 | $— |
| Affiliated investments (cost $17,007,550 and $–, respectively) | 17,010,200 | — |
| Cash | 5,659,429 | 38,019,261 |
| Segregated cash balances with brokers for futures contracts | 7,568,422 | 6,491,709 |
| Receivable from capital shares sold | 323,539 | 1,143,390 |
| Receivable on open futures contracts | 196,669 | 169,802 |
| Receivable for dividends from affiliates | 12,135 | — |
| Interest receivable | 69,720 | 117,024 |
| Total assets | 50,690,248 | 45,941,186 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Brokerage commissions and futures account fees payable | 2,552 | 2,156 |
| Payable to Sponsor | 79,473 | 27,972 |
| Total liabilities | 82,025 | 30,128 |
| Commitments and Contingencies (Note 2) | ||
| Shareholders’ equity | ||
| Shareholders’ equity | 50,608,223 | 45,911,058 |
| Total liabilities and shareholders’ equity | $50,690,248 | $45,941,186 |
| Shares outstanding | 3,912,403 | 3,012,403 |
| Net asset value per share | $12.94 | $15.24 |
| Market value per share (Note 2) | $12.92 | $15.27 |
| Principal Amount | Value | |
|---|---|---|
| Short-term U.S. government and agency obligations | ||
| (39% of shareholders’ equity) | ||
| U.S. Treasury Bills^^: | ||
| 3.799% due 12/8/2026 | $20,000,000 | $19,850,134 |
| Total short-term U.S. government and agency obligations (cost $19,859,051) | $19,850,134 | |
| Shares | ||
| Affiliated Investments | ||
| Exchange Traded Fund | ||
| (34% of shareholders’ equity) | ||
| ProShares Genius Money Market ETF 3.71%(a)(b) (cost $17,007,550) | 170,000 | 17,010,200 |
| Total Investments in Securities (cost $36,866,601) | $36,860,334 | |
| Number of Contracts | Notional Amount at Value | Unrealized Appreciation (Depreciation)/Value | |
|---|---|---|---|
| VIX Futures - Cboe, expires January 2027 | 472 | $9,213,912 | $(796,570) |
| VIX Futures - Cboe, expires February 2027 | 842 | 16,810,614 | (1,528,132) |
| VIX Futures - Cboe, expires March 2027 | 842 | 16,980,362 | (605,638) |
| VIX Futures - Cboe, expires April 2027 | 371 | 7,604,535 | (41,847) |
| $(2,972,187) | |||
| (a) | Affiliated company as defined under the Investment Company Act of 1940. |
|---|
| (b) | Represents 7-day effective yield as of September 30, 2026. |
|---|
| ^^ | Rates shown represent discount rate at the time of purchase. |
|---|
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Investment Income | ||||
| Interest | $454,096 | $322,262 | $1,110,702 | $820,355 |
| Dividends from affiliates (Note 5) | 239,897 | — | 459,680 | — |
| Total income | 693,993 | 322,262 | 1,570,382 | 820,355 |
| Expenses | ||||
| Management fee | 186,507 | 74,709 | 428,115 | 188,230 |
| Brokerage commissions | 90,600 | 10,101 | 113,194 | 28,555 |
| Futures account fees | 10,729 | 4,599 | 20,252 | 9,723 |
| Total expenses | 287,836 | 89,409 | 561,561 | 226,508 |
| Net investment income (loss) | 406,157 | 232,853 | 1,008,821 | 593,847 |
| Realized and unrealized gain (loss) on investment activity | ||||
| Net realized gain (loss) on | ||||
| Futures contracts | (12,569,838) | (1,349,262) | (13,170,385) | 4,084,920 |
| Short-term U.S. government and agency obligations | (5,010) | — | (5,010) | 84 |
| Affiliated investments (Note 5) | 966 | — | 4,363 | — |
| Payment from affiliate (Note 5) | 10,473 | — | 20,224 | — |
| Net realized gain (loss) | (12,563,409) | (1,349,262) | (13,150,808) | 4,085,004 |
| Change in net unrealized appreciation (depreciation) on | ||||
| Futures contracts | 629,452 | (1,372,511) | (936,638) | (1,583,444) |
| Short-term U.S. government and agency obligations | (8,617) | — | (8,917) | — |
| Affiliated investments (Note 5) | (350) | — | 2,650 | — |
| Change in net unrealized appreciation (depreciation) | 620,485 | (1,372,511) | (942,905) | (1,583,444) |
| Net realized and unrealized gain (loss) | (11,942,924) | (2,721,773) | (14,093,713) | 2,501,560 |
| Net income (loss) | $(11,536,767) | $(2,488,920) | $(13,084,892) | $3,095,407 |
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Shareholders’ equity, beginning of period | $40,291,991 | $21,537,610 | $45,911,058 | $28,111,210 |
| Addition of 10,850,000, 1,600,000, 12,550,000 and 2,925,000 shares, respectively | 154,501,175 | 26,715,374 | 180,637,131 | 47,261,354 |
| Redemption of 9,750,000, 75,000, 11,650,000 and 2,050,000 shares, respectively | (132,648,176) | (1,241,417) | (162,855,074) | (33,945,324) |
| Net addition (redemption) of 1,100,000, 1,525,000, 900,000 and 875,000 shares, respectively | 21,852,999 | 25,473,957 | 17,782,057 | 13,316,030 |
| Net investment income (loss) | 406,157 | 232,853 | 1,008,821 | 593,847 |
| Net realized gain (loss) | (12,563,409) | (1,349,262) | (13,150,808) | 4,085,004 |
| Change in net unrealized appreciation (depreciation) | 620,485 | (1,372,511) | (942,905) | (1,583,444) |
| Net income (loss) | (11,536,767) | (2,488,920) | (13,084,892) | 3,095,407 |
| Shareholders’ equity, end of period | $50,608,223 | $44,522,647 | $50,608,223 | $44,522,647 |
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flow from operating activities | ||
| Net income (loss) | $(13,084,892) | $3,095,407 |
| 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 | (69,398,337) | — |
| Proceeds from sales or maturities of short-term U.S. government and agency obligations | 49,846,817 | 84 |
| Cost of affiliated investments purchased | (60,037,750) | — |
| Proceeds from affiliated investments sold | 43,034,563 | — |
| Net amortization and accretion on short-term U.S. government and agency obligations | (312,541) | — |
| Net realized (gain) loss on investments | 647 | (84) |
| Change in unrealized (appreciation) depreciation on investments | 6,267 | — |
| Decrease (Increase) in receivable on open futures contracts | (26,867) | 557 |
| Decrease (Increase) in receivable for dividends from affiliates | (12,135) | — |
| Decrease (Increase) in interest receivable | 47,304 | (28,167) |
| Increase (Decrease) in payable to Sponsor | 51,501 | 9,434 |
| Increase (Decrease) in brokerage commissions and futures account fees payable | 396 | 45 |
| Increase (Decrease) in payable on open futures contracts | — | 23,543 |
| Net cash provided by (used in) operating activities | (49,885,027) | 3,100,819 |
| Cash flow from financing activities | ||
| Proceeds from addition of shares | 181,456,982 | 47,261,354 |
| Payment on shares redeemed | (162,855,074) | (33,945,324) |
| Net cash provided by (used in) financing activities | 18,601,908 | 13,316,030 |
| Net increase (decrease) in cash | (31,283,119) | 16,416,849 |
| Cash, beginning of period | 44,510,970 | 28,081,839 |
| Cash, end of period | $13,227,851 | $44,498,688 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.