Company: EUO
Filing Date: 2025-02-13
Form Type: S-3
Source: 0001193125-25-026203
Chunk: 16

Company: ProShares Trust II
Filing Date: 2025-02-13
Form: S-3
Chunk 16
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. The amount approximates the NAV of such shares based on recent NAV history as of January 31, 2025, rounded to the nearest $5. The actual NAV of each Fund differs and is likely to change on a daily basis. The numbers in this chart have been rounded to the nearest 0.01. Current Developments Ongoing geopolitical events, such as Russia’s continued military actions against Ukraine which started in February 2022, the Israel-Hamas conflict, and the Houthi movement’s attacks on marine vessels in the Red Sea have had, and may continue to have, an impact on certain commodities markets, particularly the market for crude oil, commodity futures markets, including futures on crude oil, and the prices of the Crude Oil Funds. Crude oil was stable for the entirety of 2024. The futures curve remained mostly flat with crude futures consistently settling in the $70’s. There was low volatility considering it was an election year that resulted in a political regime change and the potential for future policies that could impact energy markets. While a ceasefire agreement between Israel and Hamas has been reached, there is no guarantee that the parties will continue to comply with the terms of the agreement and the agreement does not mean the conflict will be resolved. The possibility of a continued and prolonged conflict between Hamas and Israel, and the potential expansion of the conflict in the surrounding areas and the involvement of other nations in such conflict, could further destabilize the Middle East region and introduce new uncertainties in global markets, including the crude oil markets. This may increase or decrease volatility of the Fund’s shares. Important Tax Information Please note that each Fund will distribute to each shareholder a Schedule K-1 that will contain information regarding the shareholder’s share of income and expense items of the Fund. Schedule K-1 is a complex form and shareholders may find that preparing tax returns may require additional time or may require the assistance of an accountant or other tax preparer, at an additional expense to the shareholder.

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RISK FACTOR SUMMARY Risks Related to All Funds • There is no guarantee that any Fund will achieve its investment objective. • The use of leveraged or inverse leveraged positions increases risk and could result in the total loss of an investor’s investment within a given day. • Each Fund’s returns over periods longer than a day will likely differ in amount and possibly even direction from the Fund’s daily target for such period. • Intraday price performance of Fund Shares will likely differ from the Fund’s stated multiple times the performance of its benchmark