7 unchanged sentences
The tables below provide information about each of the Currency Funds’ Financial Instruments, VIX Funds’ Financial Instruments, and Commodity Funds’ and the Commodity Index Funds’ Financial Instruments.
−Removed: As of March 31, 2024 and 2023, each of the Fund’s positions were as follows:
+Added: As of June 30, 2024 and 2023, each of the Fund’s positions were as follows:
ProShares Short VIX Short-Term Futures ETF
−Removed: As of March 31, 2024 and 2023, the ProShares Short VIX Short-Term Futures ETF Fund was exposed to inverse equity market volatility risk through its holding of VIX futures contracts.
−Removed: The following table provides information about the Fund’s positions in VIX futures contracts as of March 31, 2024 and 2023, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares Short VIX Short-Term Futures ETF Fund was exposed to inverse equity market volatility risk through its holding of VIX futures contracts.
+Added: The following table provides information about the Fund’s positions in VIX futures contracts as of June 30, 2024 and 2023, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: The March 31, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
The short notional values will increase (decrease) proportionally with decreases (increases) in the price of the futures contract.
6 unchanged sentences
ProShares Ultra Bloomberg Crude Oil:
−Removed: As of March 31, 2024 and 2023, the ProShares Ultra Bloomberg Crude Oil Fund was exposed to commodity price risk through its holding of Crude Oil futures contracts and swap agreements linked to the Bloomberg Commodity Balanced WTI Crude Oil Index SM
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares Ultra Bloomberg Crude Oil Fund was exposed to commodity price risk through its holding of Crude Oil futures contracts and swap agreements linked to the Bloomberg Commodity Balanced WTI Crude Oil Index SM
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2024
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: Swap Agreements as of March 31, 2024
+Added: Swap Agreements as of June 30, 2024
Reference Index
10 unchanged sentences
Bloomberg Commodity Balanced WTI Crude Oil Index
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2023
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: Swap Agreements as of March 31, 2023
+Added: Swap Agreements as of June 30, 2023
Reference Index
10 unchanged sentences
Bloomberg Commodity Balanced WTI Crude Oil Index
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2024 and 2023 swap notional values are calculated by multiplying the number of units times the closing level of the Index.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 swap notional values are calculated by multiplying the number of units times the closing level of the Index.
These notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract or the level of the Index, as applicable.
−Removed: Additional gains (losses) associated with these contracts will be equal to any such
−Removed: subsequent increases (decreases) in notional values, before accounting for spreads or transaction or financing costs.
+Added: Additional gains (losses) associated with these contracts will be equal to any such subsequent increases (decreases) in notional values, before accounting for spreads or transaction or financing costs.
The Fund will generally attempt to adjust its positions in Financial Instruments each day
8 unchanged sentences
ProShares Ultra Bloomberg Natural Gas:
−Removed: As of March 31, 2024 and 2023, the ProShares Ultra Bloomberg Natural Gas Fund was exposed to commodity price risk through its holding of Natural Gas futures contracts and swap agreements linked to the Bloomberg Natural Gas Subindex.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares Ultra Bloomberg Natural Gas Fund was exposed to commodity price risk through its holding of Natural Gas futures contracts linked to the Bloomberg Natural Gas Subindex.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
Natural Gas (NYMEX)
+Added: September 2024
1,081,079,760
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
Natural Gas (NYMEX)
+Added: September 2023
1,979,221,260
−Removed: Swap Agreements as of March 31, 2023
−Removed: Reference Index
−Removed: Notional Amount
−Removed: Bloomberg Natural Gas Subindex
−Removed: Citibank, N.A.
−Removed: Bloomberg Natural Gas Subindex
−Removed: Goldman Sachs International
−Removed: Bloomberg Natural Gas Subindex
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2023 swap notional values are calculated by multiplying the number of units times the closing level of the Index.
−Removed: These notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract, as applicable.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract, as applicable.
Additional gains (losses) associated with these contracts will be equal to any such subsequent increases (decreases) in notional values, before accounting for spreads or transaction or financing costs.
6 unchanged sentences
for additional information regarding performance for periods longer than a single day.
−Removed: Swap counterparty risk is generally limited to the amount of any unrealized gains, although in the event of a counterparty bankruptcy, there could be delays and costs associated with recovering collateral posted in segregated tri-party
−Removed: accounts at the Fund’s third-party custodian.
ProShares Ultra Euro:
−Removed: As of March 31, 2024 and 2023, the ProShares Ultra Euro Fund was exposed to exchange rate price risk through its holdings of EUR/USD foreign currency forward contracts.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares Ultra Euro Fund was exposed to exchange rate price risk through its holdings of EUR/USD foreign currency forward contracts.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2024
+Added: Local Currency
Goldman Sachs International
−Removed: Foreign Currency Forward Contracts as of March 31, 2023
+Added: Foreign Currency Forward Contracts as of June 30, 2023
+Added: Local Currency
Goldman Sachs International
Goldman Sachs International
−Removed: The March 31, 2024 and 2023 USD market value equals the number of euros multiplied by the forward rate.
+Added: The June 30, 2024 and 2023 USD market value equals the number of euros multiplied by the forward rate.
These notional values will increase (decrease) proportionally with increases (decreases) in the forward price.
10 unchanged sentences
ProShares Ultra Gold:
−Removed: As of March 31, 2024 and 2023 the ProShares Ultra Gold Fund was exposed to commodity price risk through its holding of Gold futures contracts and swap agreements linked to the Bloomberg Gold Subindex SM
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023 the ProShares Ultra Gold Fund was exposed to commodity price risk through its holding of Gold futures contracts and swap agreements linked to the Bloomberg Gold Subindex SM
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2024
+Added: Swap Agreements as of June 30, 2024
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2023
+Added: Swap Agreements as of June 30, 2023
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2024 and 2023 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 swap notional values equal units multiplied by the swap price.
These notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract or swap price, as applicable.
10 unchanged sentences
ProShares Ultra Silver:
−Removed: As of March 31, 2024 and 2023 the ProShares Ultra Silver Fund was exposed to commodity price risk through its holding of Silver futures contracts and swap agreements linked to the Bloomberg Silver Subindex SM
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
−Removed: Notional Amount
+Added: As of June 30, 2024 and 2023 the ProShares Ultra Silver Fund was exposed to commodity price risk through its holding of Silver futures contracts and swap agreements linked to the Bloomberg Silver Subindex SM
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2024
+Added: September 2024
+Added: Swap Agreements as of June 30, 2024
Reference Index
8 unchanged sentences
Bloomberg Silver Subindex
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2023
+Added: September 2023
+Added: Swap Agreements as of June 30, 2023
Reference Index
8 unchanged sentences
Bloomberg Silver Subindex
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2024 and 2023 and swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 and swap notional values equal units multiplied by the swap price.
These notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract or swap price, as applicable.
10 unchanged sentences
ProShares Ultra VIX Short-Term Futures ETF
−Removed: As of March 31, 2024 and 2023, the ProShares Ultra VIX Short-Term Futures ETF Fund was exposed to equity market volatility risk through its holding of VIX futures contracts.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares Ultra VIX Short-Term Futures ETF Fund was exposed to equity market volatility risk through its holding of VIX futures contracts.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
The notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract or the level of the Index, as applicable.
6 unchanged sentences
ProShares Ultra Yen:
−Removed: As of March 31, 2024 and 2023, the ProShares Ultra Yen Fund was exposed to exchange rate price risk through its holdings of Yen/USD foreign currency forward contracts.
−Removed: The following table provides information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares Ultra Yen Fund was exposed to exchange rate price risk through its holdings of Yen/USD foreign currency forward contracts.
+Added: The following table provides information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2024
Local Currency
2 unchanged sentences
7,961,290,856
−Removed: Foreign Currency Forward Contracts as of March 31, 2023
+Added: Foreign Currency Forward Contracts as of June 30, 2023
Local Currency
−Removed: GOLDMAN SACHS
−Removed: INTERNATIONAL
+Added: Goldman Sachs International
1,507,359,517
1 unchanged sentence
Goldman Sachs International
−Removed: The March 31, 2024 and 2023 USD market values equal the number of yen multiplied by the forward rate.
+Added: The June 30, 2024 and 2023 USD market values equal the number of yen multiplied by the forward rate.
These notional values will increase (decrease) proportionally with increases (decreases) in the forward price.
10 unchanged sentences
ProShares UltraShort Bloomberg Crude Oil:
−Removed: As of March 31, 2024 and 2023, the ProShares UltraShort Bloomberg Crude Oil Fund was exposed to inverse commodity price risk through its holding of Crude Oil futures contracts.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares UltraShort Bloomberg Crude Oil Fund was exposed to inverse commodity price risk through its holding of Crude Oil futures contracts.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2024
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2023
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: The March 31, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
The short notional values will increase (decrease) proportionally with decreases (increases) in the price of the futures contract or the level of the Index, as applicable.
8 unchanged sentences
ProShares UltraShort Bloomberg Natural Gas:
−Removed: As of March 31, 2024 and 2023, the ProShares UltraShort Bloomberg Natural Gas Fund was exposed to inverse commodity price risk through its holding of Natural Gas futures contracts.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares UltraShort Bloomberg Natural Gas Fund was exposed to inverse commodity price risk through its holding of Natural Gas futures contracts.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
Natural Gas (NYMEX)
−Removed: Futures Positions as of March 31, 2023
+Added: September 2024
+Added: Futures Positions as of June 30, 2023
Notional Amount
Natural Gas (NYMEX)
−Removed: The March 31, 2024 and 2023 short futures notional values are calculated by multiplying the number of Contracts held times the valuation price times the contract multiplier.
+Added: September 2023
+Added: The June 30, 2024 and 2023 short futures notional values are calculated by multiplying the number of Contracts held times the valuation price times the contract multiplier.
The short notional values will increase (decrease) proportionally with decreases (increases) in the price of the futures contract as applicable.
8 unchanged sentences
ProShares UltraShort Euro:
−Removed: As of March 31, 2024 and 2023, the ProShares UltraShort Euro Fund was exposed to inverse exchange rate price risk through its holdings of Euro/USD foreign currency forward contracts.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares UltraShort Euro Fund was exposed to inverse exchange rate price risk through its holdings of Euro/USD foreign currency forward contracts.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2024
+Added: Local Currency
Goldman Sachs International
Goldman Sachs International
−Removed: Foreign Currency Forward Contracts as of March 31, 2023
+Added: Foreign Currency Forward Contracts as of June 30, 2023
+Added: Local Currency
Goldman Sachs International
Goldman Sachs International
−Removed: The March 31, 2024 and 2023 USD market values equal the number of euros multiplied by the forward rate.
+Added: The June 30, 2024 and 2023 USD market values equal the number of euros multiplied by the forward rate.
These short notional values will increase (decrease) proportionally with decreases (increases) in the forward price.
10 unchanged sentences
ProShares UltraShort Gold:
−Removed: As of March 31, 2024 and 2023 the ProShares UltraShort Gold Fund was exposed to inverse commodity price risk through its holding of Gold futures contracts and swap agreements linked to the Bloomberg Gold Subindex SM
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023 the ProShares UltraShort Gold Fund was exposed to inverse commodity price risk through its holding of Gold futures contracts and swap agreements linked to the Bloomberg Gold Subindex SM
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2024
+Added: Swap Agreements as of June 30, 2024
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2023
+Added: Swap Agreements as of June 30, 2023
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: The March 31, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2024 and 2023 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 swap notional values equal units multiplied by the swap price.
These short notional values will increase (decrease) proportionally with decreases (increases) in the price of the futures contract or swap price, as applicable.
10 unchanged sentences
ProShares UltraShort Silver:
−Removed: As of March 31, 2024 and 2023 the ProShares UltraShort Silver Fund was exposed to inverse commodity price risk through its holding of Silver futures contracts and swap agreements linked to the Bloomberg Silver Subindex SM
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2024
+Added: As of June 30, 2024 and 2023 the ProShares UltraShort Silver Fund was exposed to inverse commodity price risk through its holding of Silver futures contracts and swap agreements linked to the Bloomberg Silver Subindex SM
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2024
Notional Amount
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2024
+Added: September 2024
+Added: Swap Agreements as of June 30, 2024
Reference Index
8 unchanged sentences
Bloomberg Silver Subindex
−Removed: Futures Positions as of March 31, 2023
+Added: Futures Positions as of June 30, 2023
Notional Amount
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2023
+Added: September 2023
+Added: Swap Agreements as of June 30, 2023
Reference Index
8 unchanged sentences
Bloomberg Silver Subindex
−Removed: The March 31, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2024 and 2023 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2024 and 2023 short futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 swap notional values equal units multiplied by the swap price.
These short notional values will increase (decrease) proportionally with decreases (increases) in the price of the futures contract or swap price, as applicable.
10 unchanged sentences
ProShares UltraShort Yen:
−Removed: As of March 31, 2024 and 2023, the ProShares UltraShort Yen Fund was exposed to inverse exchange rate price risk through its holdings of Yen/USD foreign currency forward contracts.
−Removed: The following tables provide information about the Fund’s positions in these Financial Instruments as of March 31, 2024 and 2023, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2024
+Added: As of June 30, 2024 and 2023, the ProShares UltraShort Yen Fund was exposed to inverse exchange rate price risk through its holdings of Yen/USD foreign currency forward contracts.
+Added: The following tables provide information about the Fund’s positions in these Financial Instruments as of June 30, 2024 and 2023, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2024
Local Currency
+Added: 1,368,727,000
Goldman Sachs International
1 unchanged sentence
(8,533,259,574
−Removed: Foreign Currency Forward Contracts as of March 31, 2023
+Added: Foreign Currency Forward Contracts as of June 30, 2023
Local Currency
−Removed: Goldman Sachs International
1,228,677,000
−Removed: 1,461,674,000
Goldman Sachs International
1 unchanged sentence
(5,596,567,574
−Removed: The March 31, 2024 and 2023 USD market values equal the number of yen multiplied by the forward rate.
+Added: The June 30, 2024 and 2023 USD market values equal the number of yen multiplied by the forward rate.
These short notional values will increase (decrease) proportionally with decreases (increases) in the forward price.
10 unchanged sentences
ProShares VIX Mid-Term
−Removed: As of March 31, 2024 and 2023, the ProShares VIX Mid-Term
+Added: As of June 30, 2024 and 2023, the ProShares VIX Mid-Term
Futures ETF Fund was exposed to equity market volatility risk through its holding of VIX futures contracts.
−Removed: The following table provides information about the Fund’s positions in VIX futures contracts as of March 31, 2024 and 2023, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2024
−Removed: Notional Amount
+Added: The following table provides information about the Fund’s positions in VIX futures contracts as of June 30, 2024 and 2023, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2024
VIX Futures (Cboe)
VIX Futures (Cboe)
+Added: November 2024
VIX Futures (Cboe)
−Removed: September 2024
+Added: December 2024
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2023
−Removed: Notional Amount
+Added: Futures Positions as of June 30, 2023
VIX Futures (Cboe)
VIX Futures (Cboe)
+Added: November 2023
VIX Futures (Cboe)
−Removed: September 2023
+Added: December 2023
VIX Futures (Cboe)
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
The notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract.
7 unchanged sentences
ProShares VIX Short-Term Futures ETF
−Removed: As of March 31, 2024 and 2023, the ProShares VIX Short-Term Futures ETF Fund was exposed to equity market volatility risk through its holding of VIX futures contracts.
−Removed: The following tables provide information about the Fund’s positions in VIX futures contracts as of March 31, 2024 and 2023, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2024
−Removed: Notional Amount
+Added: As of June 30, 2024 and 2023, the ProShares VIX Short-Term Futures ETF Fund was exposed to equity market volatility risk through its holding of VIX futures contracts.
+Added: The following tables provide information about the Fund’s positions in VIX futures contracts as of June 30, 2024 and 2023, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2024
VIX Futures (Cboe)
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2023
−Removed: Notional Amount
+Added: Futures Positions as of June 30, 2023
VIX Futures (Cboe)
VIX Futures (Cboe)
−Removed: The March 31, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2024 and 2023 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
The notional values will increase (decrease) proportionally with increases (decreases) in the price of the futures contract.
95 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.