Company: EUO
Filing Date: 2025-03-18
Form Type: S-1/A
Source: 0001193125-25-056734
Chunk: 50

Company: ProShares Trust II
Filing Date: 2025-03-18
Form: S-1/A
Chunk 50
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 summer months. Natural gas prices are subject to volatile, sudden, unpredictable and/or temporary price movements over short periods of time. • With regard to the Natural Gas Funds, competition from clean power companies, fluctuations in the supply and demand of alternative energy fuels, energy conservation, changes in consumer preferences regarding the use of renewable energy sources to replace fossil fuels, such as preferences for electric or alternative-fueled vehicles, and tax and other government regulations can significantly affect the price of natural gas. • The recent proliferation of commodity-linked, exchange-traded products and their unknown effect on the commodity markets. • The prices, supply and demand for gold and silver may also be impacted by changes in interest rates, inflation, and other local or regional market conditions, as well as by investor confidence. There can be no assurance that either gold or silver will maintain its long-term value in terms of future purchasing power. As of the date of this prospectus, gold and silver prices are at or near historically high levels. Gold and silver prices are volatile and subject to sudden, and unpredictable price movements, including reversals. Gold and silver markets also have historically experienced extended periods of flat or declining prices. There can be no assurance that either gold or silver prices will maintain their price levels as of the date of this prospectus. • On February 24, 2022, Russia commenced a military attack on Ukraine. The ongoing hostilities and conflict between Ukraine and Russia could result in more widespread conflict and could have a severe adverse affect on the region and/or the world and the markets for securities and commodities, including oil and natural gas. Any potential sanctions imposed in the future on Russia could have a significant adverse impact on the Russian economy and related markets. How long such conflict, future sanctions, and related events will last and whether it will escalate further cannot be predicted. Impacts from this conflict and related events could have significant impact on a Fund’s performance, and the value of an investment in a Fund may decline significantly. • The possibility of a 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, such as the Houthi Attacks in the Red Sea, could further destabilize the Middle East region and introduce new uncertainties in global markets, including the oil and natural gas markets. How long such conflict, future sanctions, and related events will last and whether it will escalate further cannot be predicted. Impacts from this conflict and related events could have significant impact on a Fund’s performance, and the