IPO - ProShares Trust II

Form Type: S-1/A

Filing Date: 2025-03-18

Corporate Action: Ipo

Type: Update

Accession Number: 000119312525056734

Filing Summary: ProShares Trust II has filed a pre-effective amendment to its registration statement under the Securities Act of 1933 to offer common units of beneficial interest in various series including ProShares VIX Mid-Term Futures ETF (VIXM), ProShares Ultra Bloomberg Natural Gas (BOIL), and several other funds. The statement discusses risk factors associated with the funds, investment objectives, principal investment strategies, and the continuous offer and redemption of shares in large blocks known as 'Creation Units'. It emphasizes that investors may face significant risks, including the potential loss of the full principal value of their investment, and warns that these funds may not be appropriate for all investors. The registration will become effective upon the filing of a further amendment or as determined by the SEC. The document includes details about the nature of the funds, their benchmarks, and investment strategies, stressing the importance of understanding the unique risks of leveraged investment products, especially for longer-term holding periods.

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Form Type: S-1

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: New

Accession Number: 000119312525026199

Filing Summary: ProShares Trust II is filing a registration statement with the SEC to offer Common Units of Beneficial Interest in a series of funds it manages, including the ProShares VIX Mid-Term Futures ETF and the ProShares Ultra series. The registration is intended to commence sales of these units as soon as the effective date is granted. The filing indicates that the shares represent fractional beneficial interests in the respective funds, which are designed to achieve specified investment results either matching or opposing the performance of certain benchmarks like the S&P 500 VIX Mid-Term Futures Index. There is a warning about the risks involved, particularly noting that these investment products are not suitable for all investors and that significant losses can occur, particularly due to the leveraged nature of the funds. Each fund operates under a unique strategy, with specified investment objectives and risk factors outlined, emphasizing the volatility and potential for rapid loss of principal. The funds will distribute information about income and expenses to shareholders via Schedule K-1 forms. The registration does not guarantee the sale of shares until effective approval is granted by the SEC, highlighting the necessary compliance with securities regulation.

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