Company: EUO
Filing Date: 2025-03-18
Form Type: S-3/A
Source: 0001193125-25-056731
Chunk: 45

Company: ProShares Trust II
Filing Date: 2025-03-18
Form: S-3/A
Chunk 45
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 price fluctuation limits, may contribute to a lack of liquidity with respect to some Financial Instruments and have a negative impact on Fund performance. During periods of market illiquidity, including periods of market disruption and volatility, it may be difficult or impossible for a Fund to buy or sell futures contracts or other Financial Instruments or for investors to buy or sell Fund Shares at desired prices or at all. Fees are charged regardless of a Fund’s returns and may result in depletion of assets. The Funds are subject to the fees and expenses described herein which are payable irrespective of a Fund’s returns, as well as the effects of commissions, trading spreads, and embedded financing, borrowing costs and fees associated with swaps, forwards, futures contracts, and costs relating to the purchase of U.S. Treasury securities or similar high credit quality, short-term fixed-income or similar securities. Additional charges may include other fees as applicable. These fees and expenses have a negative impact on Fund returns. The policies of S&P and the Chicago Board Options Exchange (the “Cboe”) and changes implemented by the Index provider that affect the composition and valuation of the S&P 500, the VIX or the Index could negatively impact the performance of the Funds.

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The Funds are linked to the Index, which is maintained by a third-party provider that is unaffiliated with the Funds or the Sponsor. There can be no guarantee or assurance that the methodology used by such third-party provider to create the Index will result in a Fund achieving high, or even positive, returns. The policies implemented by the Index provider concerning the calculation or the composition of the Index could affect the value of the Index and, therefore, the value of a Fund’s Shares. The Index provider may change the composition of the Index, or make other methodological changes that could change the value of the Index. Additionally, the Index provider may alter, discontinue or suspend calculation or dissemination of the Index. Any of these actions could adversely affect the value of Shares of a Fund using the Index. There is no guarantee that the methodology underlying the Index will be free from error. Index providers have no obligation to consider Fund shareholder interests in calculating or revising an index. Each of these factors could have a negative impact on the performance of the Funds. The policies of S&P and the Cboe concerning the calculation of the level of the S&P 500, the VIX and the Index, and any additions, deletions or substitutions of equity securities, options or futures contracts in the above indexes, respectively, and the