Company: EUO
Filing Date: 2025-02-13
Form Type: S-1
Source: 0001193125-25-026199
Chunk: 53

Company: ProShares Trust II
Filing Date: 2025-02-13
Form: S-1
Chunk 53
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 environmental disasters and widespread disease, including public health disruptions, pandemics and epidemics (for example, COVID-19 and its variants); • Debt level and trade deficit of the relevant foreign countries; • Inflation rates of the U.S. and the relevant foreign countries 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; • Interest rates of the U.S. and the relevant foreign countries and investors’ expectations concerning interest rates; • Investment and trading activities of mutual funds, hedge funds and other market participants; • Global or regional political, economic or financial events and situations (including political disruptions, societal breakdown, insurrection, terrorism, pandemics, sabotage and/or war and military actions between countries and the ensuing conflicts and investor expectations concerning such events; • Sovereign action to set or restrict currency conversion; • Monetary policies and other related activities of central banks within the U.S. and other relevant non-U.S. markets; • Overall growth and performance of the economies of relevant countries; and

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• Non-U.S. financial markets may be closed on a day when U.S. domestic markets are open for trading. As a result, liquidity and/or pricing may be affected by the absence of trading in a specific currency. In periods of financial or social turmoil or war and military actions, capital can move quickly out of countries or geographic regions that are perceived to be more vulnerable to the other effects of the crisis than other countries or geographic regions, with sudden and severely adverse consequences to the currencies of those countries or geographic regions. Each of these factors could have a negative impact on the value of a Currency Fund. These factors interrelate in complex ways, and the effect of one factor on the market value of a Currency Fund may offset or enhance the effect of another factor. All of these factors are, in turn, sensitive to the monetary, fiscal and trade policies observed by the relevant countries and those of other countries important to international trade and finance. In addition, information relating to non-U.S. countries or currencies may not be as well-known or as rapidly or thoroughly reported as information regarding the U.S. or the U.S. dollar. Russia’s Invasion of Ukraine, the Israel-Hamas Conflict and the Possible Expansion of Conflict in Surrounding Areas, Could Have a Severe Adverse Effect on Certain Commodities Markets, Particularly Natural Gas