Company: EUO
Filing Date: 2025-03-18
Form Type: S-1/A
Source: 0001193125-25-056734
Chunk: 43

Company: ProShares Trust II
Filing Date: 2025-03-18
Form: S-1/A
Chunk 43
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 other Financial Instruments, if any, owned by the VIX Futures Fund, including, but not limited to: • Prevailing market prices and forward volatility levels of the U.S. stock markets, the S&P 500, the equity securities included in the S&P 500 and prevailing market prices of options on the S&P 500, the VIX, options on the VIX, the relevant VIX futures contracts, or any other financial instruments related to the S&P 500 and the VIX or VIX futures contracts; • Interest rates and investors’ expectations concerning interest rates; • Inflation rates 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; • Economic, financial, political, regulatory, geographical, judicial and other events, including sanctions, trade disputes and the imposition of tariffs, changes in U.S government policy or agency staffing or agency reorganizations, exchange controls or other cross-border trade barriers, that affect the level of the Mid-Term VIX Futures Index or the market price or forward volatility of the U.S. stock markets, the equity securities included in the S&P 500, the S&P 500, the VIX or the relevant futures or option contracts on the VIX; • Supply and demand as well as hedging activities in the listed and OTC equity derivatives markets; • The level of margin requirements; • The position and accountability limits imposed by futures exchanges and any position or risk limits imposed by Futures Commission Merchants (“FCMs”) or swap counterparties; • Disruptions in trading of the S&P 500, futures contracts on the S&P 500 or options on the S&P 500; • The level of contango or backwardation in the VIX futures contract market; • Global or regional political, economic, or financial events and situations, including the impact of a new presidential administration in the U.S., and investor expectations concerning such events; • Weather, natural disasters (including disease, epidemics and pandemics), and other environmental conditions; and • Investment and trading activities of mutual funds, hedge funds and other market participants, including the Fund. Each of these factors could have a negative impact on the price and/or liquidity of VIX futures contracts and other Financial Instruments, the Index and the VIX Futures Fund. These factors interrelate in complex ways, and the effect of