Company: EUO
Filing Date: 2025-03-18
Form Type: S-1/A
Source: 0001193125-25-056734
Chunk: 132

Company: ProShares Trust II
Filing Date: 2025-03-18
Form: S-1/A
Chunk 132
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 is currently paying brokerage commissions on VIX futures contracts that exceed variable create/redeem fees collected by more than 0.02% of the VIX Mid-Term Futures ETF’s average net assets annually. 4. Interest income approximates Government and Agency securities and overnight cash rates in effect as of the end of the fourth quarter of 2024. 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.

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Management Fee Each Fund pays the Sponsor a management fee (the “Management Fee”), monthly in arrears, in an amount equal to 0.95% (0.85% for ProShares VIX Mid-Term Futures ETF) 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 are 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 Mid-Term VIX Index as the benchmark for the VIX Futures Fund. The Sponsor pays Bloomberg a licensing fee for the Bloomberg Natural Gas Subindex SM , which serves as the benchmark for each Natural Gas Fund. The Sponsor pays Bloomberg a licensing fee for the Bloomberg Silver Subindex SM , which serves as the benchmark for the UltraShort Silver Fund. The Sponsor pays Bloomberg a licensing fee for the Bloomberg Gold Subindex SM , which serves as the benchmark for the UltraShort Gold Fund. 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 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