Company: EUO
Filing Date: 2025-03-28
Form Type: 424B3
Source: 0001193125-25-065648
Chunk: 78

Company: ProShares Trust II
Filing Date: 2025-03-28
Form: 424B3
Chunk 78
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 Oil futures traded on NYMEX. The contract schedules are equally-weighted in the index (1/3 each) at each semi-annual reset in March and September. At each semi-annual reset date, one-third of the Index is designated to follow a monthly roll schedule. Each month this portion of the Index rolls from the current futures contract (called “Lead” by Bloomberg, and which expires one month out) into the following month’s contract (called “Next” by Bloomberg and which expires two months out). The second portion of the Index is always designated to be in a June contract, and follows an annual roll schedule in March of each year in which the June contract expiring in the current year is rolled into the June contract expiring the following year. The remaining portion is always designated to be in a December contract, and follows an annual roll schedule in September of each year in which the December contract expiring in the current year is rolled into the December contract expiring the following year. The weighting ( i.e ., percentage) of each of the three contract schedules included in the Index fluctuate above or below one-third between the semi-annual reset dates due to changing futures prices and the impact of rolling the futures positions. As a result, the weighting of each contract in the Index will “drift” away from equal weighting. The Index reflects the cost of rolling the futures contracts included in the Index, without regard to income earned on cash positions. The Index is not linked to the “spot” price of WTI crude oil. Futures contracts may perform very differently from the spot price of crude oil. The following table indicates for the next 12 months the futures contacts that are expected to comprise the Bloomberg Commodity Balanced WTI Crude Oil Index and the futures contracts expected to be held by each Oil Fund, except as otherwise described herein.

| During the month of     | The Bloomberg Commodity Balanced WTICrude Oil Index will roll on the second andthird business days of the month andbeginning on the fourth business day of themonth are expected to be comprised of thefollowing WTI crude oil futures contracts* | The weighting of the WTI crude oil futurescontracts comprising the Index is reset toits target weight of 1/3, 1/3 and 1/3 at theclose of business on the 3rd business day of |
| January (Current Year)  | April (Current Year)June (Current Year)December (Current Year)                                                                                                                                                                                    |                                                                                                                                                                              |
| February (