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

Company: ProShares Trust II
Filing Date: 2025-02-13
Form: S-1
Chunk 13
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 A PERIOD LONGER THAN A GIVEN DAY IS THE RESULT OF ITS RETURN FOR EACH DAY COMPOUNDED OVER THE PERIOD AND USUALLY WILL DIFFER IN AMOUNT AND POSSIBLY EVEN DIRECTION FROM THE GEARED FUND’S STATED MULTIPLE TIMES THE RETURN OF THE GEARED FUND’S BENCHMARK FOR THE SAME PERIOD. THESE DIFFERENCES CAN BE SIGNIFICANT. SHAREHOLDERS WHO INVEST IN THE GEARED FUNDS SHOULD CONSIDER ACTIVELY MONITORING AND/OR PERIODICALLY REBALANCING THEIR INVESTMENTS (WHICH WILL POSSIBLY TRIGGER TRANSACTION COSTS AND TAX CONSEQUENCES) IN LIGHT OF THEIR INVESTMENT GOALS AND RISK TOLERANCE. PLEASE REFER TO “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” AND “THE PERFORMANCE OF A GEARED FUND FOR PERIODS LONGER THAN A GIVEN DAY WILL LIKELY DIFFER FROM THE DAILY TARGET AND INVESTORS HOLDING SHARES FOR LONGER THAN A DAY SHOULD UNDERSTAND THE IMPACT OF BENCHMARK RETURNS AND VOLATILITY (HOW MUCH THE VALUE OF THE BENCHMARK MOVES UP AND DAY FROM DAY-TO-DAY) ON THEIR HOLDING PERIOD RETURN” UNDER THE CAPTION “RISK FACTORS” ON PAGE 12 . FOR ADDITIONAL DETAIL.

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THE VIX FUTURES FUND PRESENTS DIFFERENT RISKS THAN OTHER TYPES OF FUNDS, INCLUDING RISKS RELATING TO INVESTING AND SEEKING EXPOSURE TO VIX FUTURES CONTRACTS. AN INVESTOR SHOULD ONLY CONSIDER AN INVESTMENT IN THE VIX FUTURES FUND IF HE OR SHE UNDERSTANDS THE CONSEQUENCES OF SEEKING EXPOSURE TO VIX FUTURES CONTRACTS. The VIX Futures Fund is benchmarked to the S&P 500 VIX Mid-Term Futures Index (the “Index”), an investable index of VIX futures contracts. The VIX Futures Fund is a matching fund (the “Matching Fund”) which seeks results, before fees and expenses, that match the performance of the Index. The VIX Futures Fund is not benchmarked to the VIX Index (which is commonly referred to as the “VIX”). The VIX is a non-investable