Company: EUO
Filing Date: 2025-02-13
Form Type: S-1
Source: 0001193125-25-026199
Chunk: 43

Company: ProShares Trust II
Filing Date: 2025-02-13
Form: S-1
Chunk 43
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 and forward volatility levels of the U.S. stock markets, the S&P 500, the equity securities included in the S&P 500 and prevailing market prices of options on the S&P 500, the VIX, options on the VIX, the relevant VIX futures contracts, or any other financial instruments related to the S&P 500 and the VIX or VIX futures contracts; • Interest rates and investors’ expectations concerning interest rates; • Inflation rates and investors’ expectations concerning inflation rates; • Inflation rates may change frequently and drastically as a result of various factors, including unexpected shifts in the domestic or global economy, and a Fund’s investments may not keep pace with inflation, which may result in losses to investors; • Economic, financial, political, regulatory, geographical, judicial and other events, including sanctions, trade disputes and the imposition of tariffs, exchange controls or other cross-border trade barriers, that affect the level of the Mid-Term VIX Futures Index or the market price or forward volatility of the U.S. stock markets, the equity securities included in the S&P 500, the S&P 500, the VIX or the relevant futures or option contracts on the VIX; • Supply and demand as well as hedging activities in the listed and OTC equity derivatives markets; • The level of margin requirements; • The position and accountability limits imposed by futures exchanges and any position or risk limits imposed by Futures Commission Merchants (“FCMs”) or swap counterparties; • Disruptions in trading of the S&P 500, futures contracts on the S&P 500 or options on the S&P 500; • The level of contango or backwardation in the VIX futures contract market; • Global or regional political, economic, or financial events and situations, including the impact of a new presidential administration in the U.S., and investor expectations concerning such events; • Weather, natural disasters (including disease, epidemics and pandemics), and other environmental conditions; and • Investment and trading activities of mutual funds, hedge funds and other market participants, including the Fund. Each of these factors could have a negative impact on the price and/or liquidity of VIX futures contracts and other Financial Instruments, the Index and the VIX Futures Fund. These factors interrelate in complex ways, and the effect of one factor on the market value of the VIX Futures Fund may offset or enhance the effect of another factor. Margin requirements for VIX futures contracts and position limits imposed by exchanges and/or FCMs may