Company: EUO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001193125-25-039791
Chunk: 21

Company: ProShares Trust II
Filing Date: 2025-02-28
Form: 10-K
Item: Item 10
Chunk 21
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The Sponsor 

ProShare Capital Management LLC is the Sponsor of the Trust and the Funds. The Sponsor has exclusive management and control of all aspects of the business of the Funds. The Trustee has no duty or liability to supervise the performance of the Sponsor, nor will the Trustee have any liability for the acts or omissions of the Sponsor. 

As of December 31, 2024, the Sponsor serves as the Trust’s commodity pool operator. 

Specifically, with respect to the Trust, the Sponsor: 

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 selects the Funds’ service providers;    

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 negotiates various agreements and fees;    

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 performs such other services as the Sponsor believes that the Trust may require from time to time;    

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 selects the FCM and Financial Instrument counterparties;    

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 manages each Fund’s portfolio of other assets, including cash equivalents; and    

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 manages the Funds with a view toward achieving the Funds’ investment objectives.    

Background and Principals 

As of December 31, 2024, the Sponsor served as the commodity pool operator of the Trust and the Funds, and previously also served as the commodity trading advisor to the Trust and the Funds. The Sponsor is registered as a commodity pool operator and as a commodity trading advisor with the CFTC and is a member in good standing of the NFA. The Sponsor’s membership with the NFA was originally approved on June 11, 1999. It withdrew its membership with the NFA on August 31, 2000 but later re-applied and had its membership subsequently approved on January 8, 2001. Its membership with the NFA is currently effective. The Sponsor’s registration as a commodity trading advisor was approved on June 11, 1999. The Sponsor’s registration as a commodity pool operator was originally approved on June 11, 1999. It withdrew its registration as a commodity pool operator on August 30, 2000 but later re-applied and had its registration subsequently approved on November 28, 2007. Its registration as a commodity pool operator is currently effective. As a registered commodity pool operator, with respect to the Trust, the Sponsor must comply with various regulatory requirements under the CEA, and the rules and regulations of the CFTC and the NFA, including investor protection requirements, antifraud prohibitions, disclosure requirements, and reporting and recordkeeping requirements. The NFA approved the Sponsor as a Swaps Firm on January 4, 201