Company: EUO
Filing Date: 2025-03-18
Form Type: S-3/A
Source: 0001193125-25-056731
Chunk: 104

Company: ProShares Trust II
Filing Date: 2025-03-18
Form: S-3/A
Chunk 104
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5. The breakeven amount reflected in the Breakeven Table does not reflect brokerage commissions or transaction fees paid by individual investors who purchased Fund shares in the secondary market or Authorized Participants when creating or redeeming a Creation Unit. 6. The Sponsor is currently paying brokerage commissions on VIX futures contracts for the Matching Fund that exceed variable create/redeem fees collected by more than 0.02% of the Fund’s average net assets annually. Management Fee Each Geared Fund pays the Sponsor a management fee (the “Management Fee”), monthly in arrears, in an amount equal to 0.95% per annum of its average daily net assets and the Matching Fund pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.85% per annum of its average daily net assets. “Average daily net assets” is calculated by dividing the month-end net assets of a Fund by the number of calendar days in such month. No other Management Fee is paid by the Funds. The Management Fee is paid in consideration of the Sponsor’s trading advisory services and the other services provided to the Funds that the Sponsor pays directly. Licensing Fee The Sponsor pays S&P a licensing fee for use of the Index as the index for the Funds. Routine Operational, Administrative and Other Ordinary Expenses The Sponsor pays all of the routine operational, administrative and other ordinary expenses of each Fund, generally, as determined by the Sponsor, including, but not limited to, fees and expenses of the Administrator, Custodian, Distributor, PDI and Transfer Agent, licensors, accounting and audit fees and expenses, tax preparation expenses, legal fees not in excess of $100,000 per annum, ongoing SEC registration fees

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not exceeding 0.021% per annum of the net assets of each Fund, individual Schedule K-1 preparation and mailing fees not exceeding 0.10% per annum of the net assets of each Fund, and report preparation and mailing expenses. Non-Recurring Fees and Expenses Each Fund pays all of their non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of a Fund. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. Selling Commission Retail investors may purchase and sell Shares through