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, 2026 and 2025, each of the Fund’s positions were as follows:
+Added: As of June 30, 2026 and 2025, each of the Fund’s positions were as follows:
ProShares Short VIX Short-Term Futures ETF
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: The March 31, 2026 and 2025 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, 2026 and 2025 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.
5 unchanged sentences
ProShares Ultra Bloomberg Crude Oil:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2026
WTI Crude Oil (NYMEX)
December 2026
−Removed: WTI Crude Oil (Need Exch)
−Removed: Swap Agreements as of March 31, 2026
+Added: WTI Crude Oil (NYMEX)
+Added: Swap Agreements as of June 30, 2026
Reference Index
5 unchanged sentences
Bloomberg Commodity Balanced WTI Crude Oil Index
−Removed: Morgan Stanley & Co.
−Removed: International PLC
−Removed: Bloomberg Commodity Balanced WTI Crude Oil Index
Societe Generale
Bloomberg Commodity Balanced WTI Crude Oil Index
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2025
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: Swap Agreements as of March 31, 2025
+Added: Swap Agreements as of June 30, 2025
Reference Index
10 unchanged sentences
Bloomberg Commodity Balanced WTI Crude Oil Index
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2026 and 2025 swap notional values are calculated by multiplying the number of units times the closing level of the Index.
+Added: The June 30, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2026 and 2025 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 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
+Added: 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 to have $2.00 of exposure to the Index for every $1.00 of net assets.
4 unchanged sentences
ProShares Ultra Bloomberg Natural Gas:
−Removed: As of March 31, 2026 and 2025, the ProShares Ultra Bloomberg Natural Gas Fund was exposed to 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, the ProShares Ultra Bloomberg Natural Gas Fund was exposed to 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
Natural Gas (NYMEX)
−Removed: Futures Positions as of March 31, 2025
+Added: September 2026
+Added: Futures Positions as of June 30, 2025
Notional Amount
Natural Gas (NYMEX)
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: September 2025
+Added: The June 30, 2026 and 2025 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.
5 unchanged sentences
ProShares Ultra Euro:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2026
Reference Currency
2 unchanged sentences
Goldman Sachs International
−Removed: Foreign Currency Forward Contracts as of March 31, 2025
+Added: Foreign Currency Forward Contracts as of June 30, 2025
Reference Currency
2 unchanged sentences
Goldman Sachs International
−Removed: The March 31, 2026 and 2025 USD market value equals the number of euros multiplied by the forward rate.
+Added: The June 30, 2026 and 2025 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.
6 unchanged sentences
ProShares Ultra Gold:
−Removed: As of March 31, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
Gold Futures (COMEX)
−Removed: 1,041,456,360
−Removed: Swap Agreements as of March 31, 2026
+Added: Swap Agreements as of June 30, 2026
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2025
+Added: Swap Agreements as of June 30, 2025
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2026 and 2025 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2026 and 2025 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 contract price, as applicable.
1 unchanged sentence
The Fund will generally attempt to adjust its positions in Financial Instruments each day to have $2.00 of exposure to the Index for every $1.00 of net assets.
−Removed: Future period returns, before fees and expenses,
−Removed: cannot be estimated simply by estimating the return of the Index and multiplying by two.
+Added: Future period returns, before fees and expenses, cannot be estimated simply by estimating the return of the Index and multiplying by two.
See “Item 1A.
2 unchanged sentences
ProShares Ultra Silver:
−Removed: As of March 31, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
Silver Futures (COMEX)
−Removed: 1,368,770,130
−Removed: Swap Agreements as of March 31, 2026
+Added: September 2026
+Added: Swap Agreements as of June 30, 2026
Reference Index
2 unchanged sentences
Citibank, N.A.
−Removed: 1,016,244,234
Bloomberg Silver Subindex
4 unchanged sentences
Bloomberg Silver Subindex
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2025
+Added: September 2025
+Added: Swap Agreements as of June 30, 2025
Reference Index
8 unchanged sentences
Bloomberg Silver Subindex
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
−Removed: The March 31, 2026 and 2025 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2026 and 2025 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 contract price, as applicable.
6 unchanged sentences
ProShares Ultra VIX Short-Term Futures ETF
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
−Removed: VIX Futures (Cboe)
−Removed: VIX Futures (Cboe)
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: VIX Futures (COMEX)
+Added: VIX Futures (COMEX)
+Added: The June 30, 2026 and 2025 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.
5 unchanged sentences
ProShares Ultra Yen:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2026
Reference Currency
4 unchanged sentences
Goldman Sachs International
−Removed: Foreign Currency Forward Contracts as of March 31, 2025
+Added: Foreign Currency Forward Contracts as of June 30, 2025
Reference Currency
4 unchanged sentences
Goldman Sachs International
−Removed: (1,286,656,000
−Removed: The March 31, 2026 and 2025 USD market values equal the number of yen multiplied by the forward rate.
+Added: The June 30, 2026 and 2025 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.
6 unchanged sentences
ProShares UltraShort Bloomberg Crude Oil:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2026
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
WTI Crude Oil (NYMEX)
+Added: September 2025
WTI Crude Oil (NYMEX)
1 unchanged sentence
WTI Crude Oil (NYMEX)
−Removed: The March 31, 2026 and 2025 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, 2026 and 2025 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.
5 unchanged sentences
ProShares UltraShort Bloomberg Natural Gas:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
Natural Gas (NYMEX)
−Removed: Futures Positions as of March 31, 2025
+Added: September 2026
+Added: Futures Positions as of June 30, 2025
Notional Amount
Natural Gas (NYMEX)
−Removed: (1,147,718,160
−Removed: The March 31, 2026 and 2025 short futures notional values are calculated by multiplying the number of Contracts held times the valuation price times the contract multiplier.
+Added: September 2025
+Added: The June 30, 2026 and 2025 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.
5 unchanged sentences
ProShares UltraShort Euro:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2026
Reference Currency
2 unchanged sentences
Goldman Sachs International
−Removed: Foreign Currency Forward Contracts as of March 31, 2025
+Added: Foreign Currency Forward Contracts as of June 30, 2025
Reference Currency
2 unchanged sentences
Goldman Sachs International
−Removed: The March 31, 2026 and 2025 USD market values equal the number of euros multiplied by the forward rate.
+Added: The June 30, 2026 and 2025 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.
6 unchanged sentences
ProShares UltraShort Gold:
−Removed: As of March 31, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2026
+Added: Swap Agreements as of June 30, 2026
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
Gold Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2025
+Added: Swap Agreements as of June 30, 2025
Reference Index
5 unchanged sentences
Bloomberg Gold Subindex
−Removed: The March 31, 2026 and 2025 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, 2026 and 2025 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2026 and 2025 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, 2026 and 2025 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 contract price, as applicable.
6 unchanged sentences
ProShares UltraShort Silver:
−Removed: As of March 31, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025 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, 2026 and 2025, which were sensitive to commodity price risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2026
+Added: September 2026
+Added: Swap Agreements as of June 30, 2026
Reference Index
5 unchanged sentences
Bloomberg Silver Subindex
−Removed: Morgan Stanley & Co.
−Removed: International PLC
−Removed: Bloomberg Silver Subindex
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
Silver Futures (COMEX)
−Removed: Swap Agreements as of March 31, 2025
+Added: September 2025
+Added: Swap Agreements as of June 30, 2025
Reference Index
8 unchanged sentences
Bloomberg Silver Subindex
−Removed: The March 31, 2026 and 2025 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, 2026 and 2025 swap notional values equal units multiplied by the swap price.
+Added: The June 30, 2026 and 2025 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, 2026 and 2025 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 contract price, as applicable.
6 unchanged sentences
ProShares UltraShort Yen:
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
−Removed: Foreign Currency Forward Contracts as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to exchange rate price risk.
+Added: Foreign Currency Forward Contracts as of June 30, 2026
Reference Currency
2 unchanged sentences
(5,045,974,165
−Removed: Goldman Sachs International
(5,078,154,424
−Removed: (5,768,986,424
−Removed: Foreign Currency Forward Contracts as of March 31, 2025
+Added: Foreign Currency Forward Contracts as of June 30, 2025
Reference Currency
4 unchanged sentences
(3,863,915,424
−Removed: The March 31, 2026 and 2025 USD market values equal the number of yen multiplied by the forward rate.
+Added: The June 30, 2026 and 2025 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.
6 unchanged sentences
ProShares VIX Mid-Term Futures ETF
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, the ProShares VIX Mid-Term Futures ETF Fund was exposed to 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, 2026 and 2025, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
+Added: November 2026
VIX Futures (Cboe)
−Removed: September 2026
+Added: December 2026
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
+Added: November 2025
VIX Futures (Cboe)
−Removed: September 2025
+Added: December 2025
VIX Futures (Cboe)
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2026 and 2025 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.
5 unchanged sentences
ProShares VIX Short-Term Futures ETF
−Removed: As of March 31, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
−Removed: Futures Positions as of March 31, 2026
+Added: As of June 30, 2026 and 2025, 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, 2026 and 2025, which were sensitive to equity market volatility risk.
+Added: Futures Positions as of June 30, 2026
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: Futures Positions as of March 31, 2025
+Added: Futures Positions as of June 30, 2025
Notional Amount
1 unchanged sentence
VIX Futures (Cboe)
−Removed: The March 31, 2026 and 2025 futures notional values are calculated by multiplying the number of contracts held times the valuation price times the contract multiplier.
+Added: The June 30, 2026 and 2025 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.
71 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.