|
Investments (Tables)
|
6 Months Ended |
|
Jun. 30, 2014
|
| Investments Debt And Equity Securities [Abstract] |
|
| Fair Value of Derivative Instruments |
Fair Value of Derivative Instruments
as of June 30, 2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Derivatives
|
|
|
Liability Derivatives
|
|
|
Derivatives not
accounted for
as hedging
instruments
|
|
Statements of
Financial
Condition
Location
|
|
Fund
|
|
Unrealized
Appreciation |
|
|
Statements of
Financial
Condition
Location
|
|
Fund
|
|
Unrealized
Depreciation |
|
|
Commodities Contracts
|
|
Receivables on open futures contracts, unrealized appreciation on
swap and/or forward agreements
|
|
ProShares UltraShort Bloomberg Natural Gas
|
|
$ |
2,467,844 |
* |
|
Payable on open futures contracts, unrealized depreciation on swap
and/or forward agreements
|
|
ProShares UltraShort Bloomberg Commodity
|
|
$ |
49,719 |
|
| |
|
ProShares Ultra Bloomberg Commodity
|
|
|
14,121 |
|
|
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
21,273,793 |
* |
| |
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
5,234,134 |
* |
|
|
ProShares UltraShort Gold
|
|
|
10,588,348 |
* |
| |
|
ProShares Ultra Gold
|
|
|
13,232,735 |
* |
|
|
ProShares UltraShort Silver
|
|
|
10,580,123 |
* |
| |
|
ProShares Ultra Silver
|
|
|
86,910,666 |
* |
|
|
ProShares Ultra Bloomberg Commodity
|
|
|
5,077 |
|
| |
|
|
|
|
|
|
|
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
1,410,765 |
* |
|
|
|
|
|
|
|
|
Foreign Exchange Contracts
|
|
Unrealized appreciation on foreign currency forward contracts and
receivables on open futures contracts
|
|
ProShares UltraShort Euro
|
|
|
327,971 |
|
|
Unrealized depreciation on foreign currency forward contracts and
payable on open futures contracts
|
|
ProShares Short Euro
|
|
|
111,159 |
* |
| |
|
ProShares UltraShort Yen
|
|
|
480,205 |
|
|
|
ProShares UltraShort Australian Dollar
|
|
|
362,840 |
* |
| |
|
ProShares Ultra Australian Dollar
|
|
|
63,500 |
* |
|
|
ProShares UltraShort Euro
|
|
|
5,915,312 |
|
| |
|
ProShares Ultra Euro
|
|
|
31,105 |
|
|
|
ProShares UltraShort Yen
|
|
|
10,127,815 |
|
| |
|
ProShares Ultra Yen
|
|
|
76,915 |
|
|
|
ProShares Ultra Euro
|
|
|
378 |
|
| |
|
|
|
|
|
|
|
ProShares Ultra Yen
|
|
|
24,196 |
|
|
|
|
|
|
|
|
|
VIX Futures Contracts
|
|
Receivables on open futures contracts
|
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
8,920,627 |
* |
|
Payable on open futures contracts
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
6,613,486 |
* |
| |
|
|
|
|
ProShares VIX Mid-Term Futures ETF
|
|
|
3,495,050 |
* |
| |
|
|
|
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
40,533,346 |
* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust
|
|
$ |
117,759,823 |
* |
|
|
|
Total Trust
|
|
$ |
111,091,407 |
* |
| * |
Includes cumulative
appreciation/depreciation of futures contracts as reported in the
Schedules of Investments. Only current day’s variation margin
is reported within the Statements of Financial Condition in
receivable/payable on open futures contracts. |
Fair Value of Derivative Instruments
as of December 31, 2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Derivatives
|
|
|
Liability Derivatives
|
|
|
Derivatives not
accounted for
as hedging
instruments
|
|
Statements of
Financial
Condition
Location
|
|
Fund
|
|
Unrealized
Appreciation |
|
|
Statements of
Financial
Condition
Location
|
|
Fund
|
|
Unrealized
Depreciation |
|
|
Commodities Contracts
|
|
Receivables on open futures contracts, unrealized appreciation on
swap and/or forward agreements
|
|
ProShares UltraShort Bloomberg Natural Gas
|
|
$ |
1,042,300 |
* |
|
Payable on open futures contracts, unrealized depreciation on swap
and/or forward agreements
|
|
ProShares UltraShort Bloomberg Commodity
|
|
$ |
27,665 |
|
| |
|
ProShares UltraShort Gold
|
|
|
5,647,573 |
* |
|
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
3,565,673 |
* |
| |
|
ProShares UltraShort Silver
|
|
|
14,200 |
* |
|
|
ProShares UltraShort Silver
|
|
|
2,227,857 |
|
| |
|
ProShares Ultra Bloomberg Commodity
|
|
|
15,078 |
|
|
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
3,656,539 |
* |
| |
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
2,584,554 |
* |
|
|
ProShares Ultra Gold
|
|
|
6,827,534 |
* |
| |
|
|
|
|
|
|
|
|
ProShares Ultra Silver
|
|
|
2,507,080 |
* |
|
|
|
|
|
|
|
|
Foreign Exchange Contracts
|
|
Unrealized appreciation on foreign currency forward contracts and
receivables on open futures contracts
|
|
ProShares UltraShort Australian Dollar
|
|
|
917,605 |
* |
|
Unrealized depreciation on foreign currency forward contracts and
payable on open futures contracts
|
|
ProShares Short Euro
|
|
|
33,231 |
* |
| |
|
ProShares UltraShort Euro
|
|
|
151,351 |
|
|
|
ProShares UltraShort Euro
|
|
|
13,899,858 |
|
| |
|
ProShares UltraShort Yen
|
|
|
31,317,568 |
|
|
|
ProShares UltraShort Yen
|
|
|
1,930,884 |
|
| |
|
ProShares Ultra Euro
|
|
|
120,908 |
|
|
|
ProShares Ultra Australian Dollar
|
|
|
118,220 |
* |
| |
|
ProShares Ultra Yen
|
|
|
4,052 |
|
|
|
ProShares Ultra Euro
|
|
|
19,946 |
|
| |
|
|
|
|
|
|
|
|
ProShares Ultra Yen
|
|
|
163,361 |
|
|
|
|
|
|
|
|
|
VIX Futures Contracts
|
|
Receivables on open futures contracts
|
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
8,116,955 |
* |
|
Payable on open futures contracts
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
16,652,686 |
* |
| |
|
|
|
|
ProShares VIX Mid-Term Futures ETF
|
|
|
4,896,689 |
* |
| |
|
|
|
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
24,009,911 |
* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust
|
|
$ |
49,932,144 |
* |
|
|
|
Total Trust
|
|
$ |
80,537,134 |
* |
| * |
Includes cumulative
appreciation/depreciation of futures contracts as reported in the
Schedules of Investments as presented in the Form 10-K for the year
ended December 31, 2013. Only current day’s variation
margin is reported within the Statements of Financial Condition as
presented in the Form 10-K for the year ended December 31,
2013 in receivable/payable on open futures contracts. |
|
| Effect of Derivative Instruments on Statements of Operations |
The Effect of Derivative Instruments on the
Statements of Operations
For the three months ended June 30,
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives not accounted for as
hedging instruments
|
|
Location of Gain or
(Loss) on Derivatives
Recognized in Income
|
|
Fund
|
|
Realized Gain
or (Loss) on
Derivatives
Recognized in
Income |
|
|
Change in
Unrealized
Appreciation or
Depreciation on
Derivatives
Recognized in
Income |
|
|
Commodity Contracts
|
|
Net realized gain (loss) on futures contracts, swap
and/or forward agreements/changes in unrealized appreciation/
depreciation on futures contracts, swap and/or forward
agreements
|
|
ProShares UltraShort Bloomberg Commodity
|
|
$ |
130,061 |
|
|
$ |
(151,988 |
) |
| |
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
(31,567,008 |
) |
|
|
(14,316,548 |
) |
| |
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
(1,970,509 |
) |
|
|
(2,011,476 |
) |
| |
|
ProShares UltraShort Gold
|
|
|
13,875,395 |
|
|
|
(19,136,970 |
) |
| |
|
ProShares UltraShort Silver
|
|
|
12,455,116 |
|
|
|
(18,328,033 |
) |
| |
|
ProShares Ultra Bloomberg Commodity
|
|
|
(160,396 |
) |
|
|
123,172 |
|
| |
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
9,814,101 |
|
|
|
2,164,869 |
|
| |
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
162,451 |
|
|
|
440,646 |
|
| |
|
ProShares Ultra Gold
|
|
|
(21,489,136 |
) |
|
|
25,259,667 |
|
| |
|
ProShares Ultra Silver
|
|
|
(106,239,950 |
) |
|
|
145,054,357 |
|
|
|
|
|
|
|
Foreign Exchange Contracts
|
|
Net realized gain (loss) on futures contracts and/or
foreign currency forward contracts/changes in unrealized
appreciation/ depreciation on futures contracts and/or foreign
currency forward contracts
|
|
ProShares Short Euro
|
|
|
225,122 |
|
|
|
(159,059 |
) |
| |
|
ProShares UltraShort Australian Dollar
|
|
|
(1,846,929 |
) |
|
|
859,039 |
|
| |
|
ProShares UltraShort Euro
|
|
|
5,886,956 |
|
|
|
(1,863,031 |
) |
| |
|
ProShares UltraShort Yen
|
|
|
268,536 |
|
|
|
(14,493,994 |
) |
| |
|
ProShares Ultra Australian Dollar
|
|
|
285,670 |
|
|
|
(129,485 |
) |
| |
|
ProShares Ultra Euro
|
|
|
(40,251 |
) |
|
|
9,743 |
|
| |
|
ProShares Ultra Yen
|
|
|
(11,079 |
) |
|
|
93,948 |
|
|
|
|
|
|
|
VIX Futures Contracts
|
|
Net realized gain (loss) on futures contracts/
changes in unrealized appreciation/ depreciation on futures
contracts
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
(41,227,047 |
) |
|
|
(1,586,521 |
) |
| |
|
ProShares VIX Mid-Term Futures ETF
|
|
|
(6,666,419 |
) |
|
|
(1,487,840 |
) |
| |
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
(247,176,983 |
) |
|
|
(10,831,519 |
) |
| |
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
73,536,615 |
|
|
|
837,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust
|
|
$ |
(341,755,684 |
) |
|
$ |
90,346,405 |
|
The Effect of Derivative Instruments on the
Statements of Operations
For the three months ended June 30,
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives not accounted for as
hedging instruments
|
|
Location of Gain or
(Loss) on Derivatives
Recognized in Income
|
|
Fund
|
|
Realized Gain
or (Loss) on
Derivatives
Recognized in
Income |
|
|
Change in
Unrealized
Appreciation or
Depreciation on
Derivatives
Recognized in
Income |
|
|
Commodity Contracts
|
|
Net realized gain (loss) on futures contracts, swap
and/or forward agreements/changes in unrealized appreciation/
depreciation on futures contracts, swap and/or forward
agreements
|
|
ProShares UltraShort Bloomberg Commodity
|
|
$ |
150,169 |
|
|
$ |
505,167 |
|
| |
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
1,025,654 |
|
|
|
9,878,372 |
|
| |
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
(834,719 |
) |
|
|
5,826,227 |
|
| |
|
ProShares UltraShort Gold
|
|
|
20,858,050 |
|
|
|
55,074,622 |
|
| |
|
ProShares UltraShort Silver
|
|
|
51,615,327 |
|
|
|
40,886,777 |
|
| |
|
ProShares Ultra Bloomberg Commodity
|
|
|
(274,078 |
) |
|
|
(586,322 |
) |
| |
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
20,733,669 |
|
|
|
(22,057,265 |
) |
| |
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
9,153,747 |
|
|
|
(19,990,856 |
) |
| |
|
ProShares Ultra Gold
|
|
|
(68,008,649 |
) |
|
|
(62,970,484 |
) |
| |
|
ProShares Ultra Silver
|
|
|
(322,610,723 |
) |
|
|
(168,439,871 |
) |
|
|
|
|
|
|
Foreign Exchange Contracts
|
|
Net realized gain (loss) on futures contracts and/or
foreign currency forward contracts/changes in unrealized
appreciation/ depreciation on futures contracts and/or foreign
currency forward contracts
|
|
ProShares Short Euro
|
|
|
(67,938 |
) |
|
|
5,900 |
|
| |
|
ProShares UltraShort Australian Dollar
|
|
|
1,793,067 |
|
|
|
1,508,211 |
|
| |
|
ProShares UltraShort Euro
|
|
|
(8,147,050 |
) |
|
|
(8,918,725 |
) |
| |
|
ProShares UltraShort Yen
|
|
|
48,138,405 |
|
|
|
(6,860,712 |
) |
| |
|
ProShares Ultra Australian Dollar
|
|
|
(590,630 |
) |
|
|
(332,037 |
) |
| |
|
ProShares Ultra Euro
|
|
|
36,991 |
|
|
|
96,965 |
|
| |
|
ProShares Ultra Yen
|
|
|
(456,601 |
) |
|
|
80,626 |
|
|
|
|
|
|
|
VIX Futures Contracts
|
|
Net realized gain (loss) on futures contracts and
swap agreements/ changes in unrealized appreciation/ depreciation
on futures contracts and swap agreements
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
11,156,344 |
|
|
|
9,582,597 |
|
| |
|
ProShares VIX Mid-Term Futures ETF
|
|
|
(2,486,914 |
) |
|
|
7,458,863 |
|
| |
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
17,763,794 |
|
|
|
21,978,092 |
|
| |
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
(4,128,965 |
) |
|
|
(3,022,387 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust
|
|
$ |
(225,181,050 |
) |
|
$ |
(140,296,240 |
) |
The Effect of Derivative Instruments on the
Statements of Operations
For the six months ended June 30,
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives not accounted for as
hedging instruments
|
|
Location of Gain or
(Loss) on Derivatives
Recognized in Income
|
|
Fund
|
|
Realized Gain
or (Loss) on
Derivatives
Recognized in
Income |
|
|
Change in
Unrealized
Appreciation or
Depreciation on
Derivatives
Recognized in
Income |
|
|
Commodity Contracts
|
|
Net realized gain (loss) on futures contracts, swap and/or forward
agreements/changes in unrealized appreciation/ depreciation on
futures contracts, swap and/or forward agreements
|
|
ProShares UltraShort Bloomberg Commodity
|
|
$ |
(505,634 |
) |
|
$ |
(22,054 |
) |
| |
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
(43,845,009 |
) |
|
|
(17,708,120 |
) |
| |
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
(11,185,543 |
) |
|
|
1,425,544 |
|
| |
|
ProShares UltraShort Gold
|
|
|
(8,274,292 |
) |
|
|
(16,235,921 |
) |
| |
|
ProShares UltraShort Silver
|
|
|
(159,289 |
) |
|
|
(8,366,466 |
) |
| |
|
ProShares Ultra Bloomberg Commodity
|
|
|
376,946 |
|
|
|
(6,034 |
) |
| |
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
31,007,769 |
|
|
|
2,649,580 |
|
| |
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
16,965,826 |
|
|
|
2,245,774 |
|
| |
|
ProShares Ultra Gold
|
|
|
1,944,484 |
|
|
|
20,060,269 |
|
| |
|
ProShares Ultra Silver
|
|
|
(32,284,378 |
) |
|
|
89,417,746 |
|
|
|
|
|
|
|
Foreign Exchange Contracts
|
|
Net realized gain (loss) on futures contracts and/or foreign
currency forward contracts/changes in unrealized appreciation/
depreciation on futures contracts and/or foreign currency forward
contracts
|
|
ProShares Short Euro
|
|
|
158,534 |
|
|
|
(77,928 |
) |
| |
|
ProShares UltraShort Australian Dollar
|
|
|
(1,925,538 |
) |
|
|
(1,280,445 |
) |
| |
|
ProShares UltraShort Euro
|
|
|
(6,295,085 |
) |
|
|
8,161,166 |
|
| |
|
ProShares UltraShort Yen
|
|
|
165,806 |
|
|
|
(39,034,294 |
) |
| |
|
ProShares Ultra Australian Dollar
|
|
|
258,243 |
|
|
|
181,720 |
|
| |
|
ProShares Ultra Euro
|
|
|
44,885 |
|
|
|
(70,235 |
) |
| |
|
ProShares Ultra Yen
|
|
|
(21,596 |
) |
|
|
212,028 |
|
|
|
|
|
|
|
VIX Futures Contracts
|
|
Net realized gain (loss) on futures contracts/ changes in
unrealized appreciation/ depreciation on futures contracts
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
(25,447,340 |
) |
|
|
10,039,200 |
|
| |
|
ProShares VIX Mid-Term Futures ETF
|
|
|
(12,064,321 |
) |
|
|
1,401,639 |
|
| |
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
(250,723,287 |
) |
|
|
(16,523,435 |
) |
| |
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
76,268,051 |
|
|
|
803,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust
|
|
$ |
(265,540,768 |
) |
|
$ |
37,273,406 |
|
The Effect of Derivative Instruments on the
Statements of Operations
For the six months ended June 30,
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives not accounted for as
hedging instruments
|
|
Location of Gain or
(Loss) on Derivatives
Recognized in Income
|
|
Fund
|
|
Realized Gain
or (Loss) on
Derivatives
Recognized in
Income |
|
|
Change in
Unrealized
Appreciation or
Depreciation on
Derivatives
Recognized in
Income |
|
|
Commodity Contracts
|
|
Net realized gain (loss) on futures contracts, swap and/or forward
agreements/changes in unrealized appreciation/ depreciation on
futures contracts, swap and/or forward agreements
|
|
ProShares UltraShort Bloomberg Commodity
|
|
$ |
458,667 |
|
|
$ |
263,746 |
|
| |
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
(5,099,504 |
) |
|
|
8,378,263 |
|
| |
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
(2,608,140 |
) |
|
|
1,920,339 |
|
| |
|
ProShares UltraShort Gold
|
|
|
33,741,517 |
|
|
|
48,081,834 |
|
| |
|
ProShares UltraShort Silver
|
|
|
80,819,839 |
|
|
|
21,821,880 |
|
| |
|
ProShares Ultra Bloomberg Commodity
|
|
|
(782,975 |
) |
|
|
(165,007 |
) |
| |
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
87,297,994 |
|
|
|
(50,795,208 |
) |
| |
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
14,901,941 |
|
|
|
(2,129,288 |
) |
| |
|
ProShares Ultra Gold
|
|
|
(118,423,854 |
) |
|
|
(38,079,366 |
) |
| |
|
ProShares Ultra Silver
|
|
|
(538,299,271 |
) |
|
|
(30,793,633 |
) |
|
|
|
|
|
|
Foreign Exchange Contracts
|
|
Net realized gain (loss) on futures contracts and/or foreign
currency forward contracts/changes in unrealized appreciation/
depreciation on futures contracts and/or foreign currency forward
contracts
|
|
ProShares Short Euro
|
|
|
(75,938 |
) |
|
|
122,669 |
|
| |
|
ProShares UltraShort Australian Dollar
|
|
|
1,905,097 |
|
|
|
1,313,051 |
|
| |
|
ProShares UltraShort Euro
|
|
|
(11,096,730 |
) |
|
|
17,894,296 |
|
| |
|
ProShares UltraShort Yen
|
|
|
145,024,702 |
|
|
|
(42,242,261 |
) |
| |
|
ProShares Ultra Australian Dollar
|
|
|
(739,905 |
) |
|
|
(108,077 |
) |
| |
|
ProShares Ultra Euro
|
|
|
(28,371 |
) |
|
|
(124,190 |
) |
| |
|
ProShares Ultra Yen
|
|
|
(1,674,572 |
) |
|
|
504,360 |
|
|
|
|
|
|
|
VIX Futures Contracts
|
|
Net realized gain (loss) on futures contracts and swap
agreements/changes in unrealized appreciation/ depreciation on
futures contracts and swap agreements
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
(44,252,605 |
) |
|
|
1,457,956 |
|
| |
|
ProShares VIX Mid-Term Futures ETF
|
|
|
(12,747,085 |
) |
|
|
7,052,844 |
|
| |
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
(104,926,279 |
) |
|
|
882,558 |
|
| |
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
21,075,146 |
|
|
|
753,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust
|
|
$ |
(455,530,326 |
) |
|
$ |
(53,989,730 |
) |
|
| Offsetting of Financial Assets and Liabilities |
The following table presents each Fund’s derivatives by
investment type and by counterparty net of amounts available for
offset under a master netting agreement and the related collateral
received or pledged by the Funds as of June 30, 2014 and
December 31, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Values of Derivative Instruments as of
June 30, 2014
|
|
| |
|
Assets |
|
|
Liabilities |
|
| |
|
Gross
Amounts of
Recognized
Assets
presented
in the
Statement
of Financial
Conditions |
|
|
Gross
Amounts
Offset
in the
Statement
of Financial
Conditions |
|
|
Net
Amounts of
Assets
presented
in the
Statement
of Financial
Conditions |
|
|
Gross
Amounts of
Recognized
Liabilities
presented
in the
Statement
of Financial
Conditions |
|
|
Gross
Amounts
Offset
in the
Statement
of Financial
Conditions |
|
|
Net
Amounts of
Liabilities
presented
in the
Statement
of Financial
Conditions |
|
|
ProShares UltraShort Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Swap agreements
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
49,719 |
|
|
$ |
— |
|
|
$ |
49,719 |
|
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
778,232 |
|
|
|
— |
|
|
|
778,232 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Swap agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16,105,152 |
|
|
|
— |
|
|
|
16,105,152 |
|
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
730,316 |
|
|
|
— |
|
|
|
730,316 |
|
|
ProShares UltraShort Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,583,508 |
|
|
|
— |
|
|
|
10,583,508 |
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,000 |
|
|
|
— |
|
|
|
1,000 |
|
|
ProShares UltraShort Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,563,213 |
|
|
|
— |
|
|
|
10,563,213 |
|
|
Futures contracts*
|
|
|
780 |
|
|
|
— |
|
|
|
780 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Short Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
49,240 |
|
|
|
— |
|
|
|
49,240 |
|
|
ProShares UltraShort Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
17,160 |
|
|
|
— |
|
|
|
17,160 |
|
|
ProShares UltraShort Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
327,971 |
|
|
|
— |
|
|
|
327,971 |
|
|
|
5,915,312 |
|
|
|
— |
|
|
|
5,915,312 |
|
|
ProShares UltraShort Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
480,205 |
|
|
|
— |
|
|
|
480,205 |
|
|
|
10,127,815 |
|
|
|
— |
|
|
|
10,127,815 |
|
|
ProShares Ultra Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Swap agreements
|
|
|
14,121 |
|
|
|
— |
|
|
|
14,121 |
|
|
|
5,077 |
|
|
|
— |
|
|
|
5,077 |
|
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
313,787 |
|
|
|
— |
|
|
|
313,787 |
|
|
Swap agreements
|
|
|
4,111,030 |
|
|
|
— |
|
|
|
4,111,030 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
111,842 |
|
|
|
— |
|
|
|
111,842 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
13,227,915 |
|
|
|
— |
|
|
|
13,227,915 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
120 |
|
|
|
— |
|
|
|
120 |
|
|
ProShares Ultra Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
86,902,211 |
|
|
|
— |
|
|
|
86,902,211 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
575 |
|
|
|
— |
|
|
|
575 |
|
|
ProShares Ultra Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
3,080 |
|
|
|
— |
|
|
|
3,080 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
31,105 |
|
|
|
— |
|
|
|
31,105 |
|
|
|
378 |
|
|
|
— |
|
|
|
378 |
|
|
ProShares Ultra Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
76,915 |
|
|
|
— |
|
|
|
76,915 |
|
|
|
24,196 |
|
|
|
— |
|
|
|
24,196 |
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,041,667 |
|
|
|
— |
|
|
|
1,041,667 |
|
|
ProShares VIX Mid-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
522,035 |
|
|
|
— |
|
|
|
522,035 |
|
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,702,682 |
|
|
|
— |
|
|
|
5,702,682 |
|
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,181 |
|
|
|
— |
|
|
|
14,181 |
|
| * |
Current day’s variation margin
is reported within the Statements of Financial Condition in
receivable/payable on open futures contracts;
Cumulative appreciation/depreciation is reported in the
Schedule of Investments. |
| Fair Values of
Derivative Instruments as of December 31, 2013 |
|
| |
|
Assets |
|
|
Liabilities |
|
| |
|
Gross
Amounts of
Recognized
Assets
presented in
the Statement
of Financial
Conditions
|
|
|
Gross
Amounts
Offset in
the Statement
of Financial
Conditions
|
|
|
Net
Amounts of
Assets
presented in
the Statement
of Financial
Conditions
|
|
|
Gross
Amounts of
Recognized
Liabilities
presented in
the Statement
of Financial
Conditions
|
|
|
Gross
Amounts
Offset in
the Statement
of Financial
Conditions
|
|
|
Net
Amounts of
Liabilities
presented in
the Statement
of Financial
Conditions
|
|
|
ProShares UltraShort Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Swap agreements
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
27,665 |
|
|
|
— |
|
|
$ |
27,665 |
|
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
1,503,943 |
|
|
|
— |
|
|
|
1,503,943 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Swap agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,332,900 |
|
|
|
— |
|
|
|
2,332,900 |
|
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
1,520,548 |
|
|
|
— |
|
|
|
1,520,548 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
5,633,053 |
|
|
|
— |
|
|
|
5,633,053 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Futures contracts*
|
|
|
300 |
|
|
|
— |
|
|
|
300 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,227,857 |
|
|
|
— |
|
|
|
2,227,857 |
|
|
Futures contracts*
|
|
|
2,450 |
|
|
|
— |
|
|
|
2,450 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Short Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
9,100 |
|
|
|
— |
|
|
|
9,100 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
86,166 |
|
|
|
— |
|
|
|
86,166 |
|
|
ProShares UltraShort Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
151,351 |
|
|
|
— |
|
|
|
151,351 |
|
|
|
13,899,858 |
|
|
|
— |
|
|
|
13,899,858 |
|
|
ProShares UltraShort Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
31,317,568 |
|
|
|
— |
|
|
|
31,317,568 |
|
|
|
1,930,884 |
|
|
|
— |
|
|
|
1,930,884 |
|
|
ProShares Ultra Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Swap agreements
|
|
|
15,078 |
|
|
|
— |
|
|
|
15,078 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
997,210 |
|
|
|
— |
|
|
|
997,210 |
|
|
Swap agreements
|
|
|
1,957,893 |
|
|
|
— |
|
|
|
1,957,893 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,628,532 |
|
|
|
— |
|
|
|
5,628,532 |
|
|
ProShares Ultra Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,812,974 |
|
|
|
— |
|
|
|
6,812,974 |
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
|
— |
|
|
|
300 |
|
|
ProShares Ultra Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward agreements
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,492,880 |
|
|
|
— |
|
|
|
2,492,880 |
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,450 |
|
|
|
— |
|
|
|
2,450 |
|
|
ProShares Ultra Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
10,650 |
|
|
|
— |
|
|
|
10,650 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
120,908 |
|
|
|
— |
|
|
|
120,908 |
|
|
|
19,946 |
|
|
|
— |
|
|
|
19,946 |
|
|
ProShares Ultra Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
|
4,052 |
|
|
|
— |
|
|
|
4,052 |
|
|
|
163,361 |
|
|
|
— |
|
|
|
163,361 |
|
|
ProShares VIX Short-Term
Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
3,179,017 |
|
|
|
— |
|
|
|
3,179,017 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares VIX Mid-Term
Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
100,734 |
|
|
|
— |
|
|
|
100,734 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,356,803 |
|
|
|
— |
|
|
|
3,356,803 |
|
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts*
|
|
|
603,833 |
|
|
|
— |
|
|
|
603,833 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| * |
Current day’s variation margin
is reported within the Statements of Financial Condition as
presented in the Form 10-K for the year ended December 31,
2013 in receivable/payable on open futures contracts; Cumulative
appreciation/depreciation is reported in the Schedule of
Investments as presented in the Form 10-K for the year ended
December 31, 2013. |
|
| Gross Amounts not Offset in the Statement of Financial Condition |
Asset (Liability) amounts shown in the table below represent
amounts owed to (by) the Funds for the derivative-related
investments at June 30, 2014. These amounts may be
collateralized by cash or financial instruments, segregated for the
benefit of the Funds or the counterparties, depending on whether
the related contracts are in an appreciated or depreciated position
at period end. Amounts shown in the column labeled “Net
Amount” represent the un-collateralized portions of these
amounts at period end. These amounts may be un-collateralized due
to timing differences related to market movements or due to minimum
thresholds for collateral movement, as further described above
under the caption “Account for Derivative
Instruments”.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Amounts Not Offset in the Statement of
Financial Condition
|
|
| |
|
Amounts of
Recognized
Assets /
(Liabilities)
presented in the
Statement of
Financial
Condition |
|
|
Financial
Instruments for
the Benefit of
(the Funds) / the
Counterparties |
|
|
Cash
Collateral for
the Benefit of
(the Funds)/the
Counterparties |
|
|
Net Amount |
|
|
ProShares UltraShort Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
$ |
(20,115 |
) |
|
$ |
20,115 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Goldman Sachs International
|
|
|
(17,081 |
) |
|
|
17,081 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(12,523 |
) |
|
|
12,523 |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(4,518,754 |
) |
|
|
4,518,754 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
778,232 |
|
|
|
— |
|
|
|
— |
|
|
|
778,232 |
|
|
Goldman Sachs International
|
|
|
(4,396,306 |
) |
|
|
4,396,306 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(2,715,109 |
) |
|
|
2,715,109 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(4,474,983 |
) |
|
|
4,474,983 |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Bloomberg Natural Gas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs & Co.
|
|
|
(730,316 |
) |
|
|
— |
|
|
|
730,316 |
|
|
|
— |
|
|
ProShares UltraShort Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(5,448,091 |
) |
|
|
5,448,091 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(1,000 |
) |
|
|
— |
|
|
|
1,000 |
|
|
|
— |
|
|
Goldman Sachs International
|
|
|
(2,015,729 |
) |
|
|
2,015,729 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(1,118,143 |
) |
|
|
1,118,143 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(2,001,545 |
) |
|
|
2,001,545 |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(5,772,553 |
) |
|
|
5,772,553 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
780 |
|
|
|
— |
|
|
|
— |
|
|
|
780 |
|
|
Goldman Sachs International
|
|
|
(1,869,870 |
) |
|
|
1,869,870 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(959,772 |
) |
|
|
959,772 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(1,961,018 |
) |
|
|
1,961,018 |
|
|
|
— |
|
|
|
— |
|
|
ProShares Short Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(49,240 |
) |
|
|
— |
|
|
|
49,240 |
|
|
|
— |
|
|
ProShares UltraShort Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(17,160 |
) |
|
|
— |
|
|
|
17,160 |
|
|
|
— |
|
|
ProShares UltraShort Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
(2,728,154 |
) |
|
|
2,728,154 |
|
|
|
— |
|
|
|
—
|
|
|
UBS AG
|
|
|
(2,859,187 |
) |
|
|
2,859,187 |
|
|
|
— |
|
|
|
—
|
|
|
ProShares UltraShort Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
(4,793,422 |
) |
|
|
4,793,422
|
|
|
|
— |
|
|
|
—
|
|
|
UBS AG
|
|
|
(4,854,188 |
) |
|
|
4,854,188
|
|
|
|
— |
|
|
|
—
|
|
|
ProShares Ultra Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
7,260 |
|
|
|
— |
|
|
|
— |
|
|
|
7,260 |
|
|
Goldman Sachs International
|
|
|
(5,077 |
) |
|
|
5,077 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
6,861 |
|
|
|
— |
|
|
|
— |
|
|
|
6,861 |
|
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
1,035,637 |
|
|
|
— |
|
|
|
(1,035,637 |
) |
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(313,787 |
) |
|
|
— |
|
|
|
313,787 |
|
|
|
— |
|
|
Goldman Sachs International
|
|
|
1,328,164 |
|
|
|
(1,328,164 |
) |
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
629,911 |
|
|
|
(629,911 |
) |
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
1,117,318 |
|
|
|
(1,117,318 |
) |
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Bloomberg Natural Gas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs & Co.
|
|
|
111,842 |
|
|
|
— |
|
|
|
— |
|
|
|
111,842 |
|
|
ProShares Ultra Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
7,156,303 |
|
|
|
— |
|
|
|
(7,156,303 |
) |
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(120 |
) |
|
|
— |
|
|
|
120 |
|
|
|
— |
|
|
Goldman Sachs International
|
|
|
2,462,460 |
|
|
|
(2,440,832 |
) |
|
|
— |
|
|
|
21,628 |
|
|
Societe Generale S.A.
|
|
|
1,379,253 |
|
|
|
(1,379,253 |
) |
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
2,229,899 |
|
|
|
(2,229,899 |
) |
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
45,349,782 |
|
|
|
— |
|
|
|
(45,349,782 |
) |
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(575 |
) |
|
|
— |
|
|
|
45 |
|
|
|
(530 |
) |
|
Goldman Sachs International
|
|
|
16,680,099 |
|
|
|
(16,680,099 |
) |
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
9,222,909 |
|
|
|
(9,222,909 |
) |
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
15,649,421 |
|
|
|
(15,649,421 |
) |
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
3,080 |
|
|
|
— |
|
|
|
— |
|
|
|
3,080 |
|
|
ProShares Ultra Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
5,649 |
|
|
|
— |
|
|
|
— |
|
|
|
5,649 |
|
|
UBS AG
|
|
|
25,078 |
|
|
|
— |
|
|
|
— |
|
|
|
25,078 |
|
|
ProShares Ultra Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
12,173 |
|
|
|
— |
|
|
|
— |
|
|
|
12,173 |
|
|
UBS AG
|
|
|
40,546 |
|
|
|
— |
|
|
|
— |
|
|
|
40,546 |
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(1,041,667 |
) |
|
|
— |
|
|
|
1,041,667 |
|
|
|
— |
|
|
ProShares VIX Mid-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(522,035 |
) |
|
|
— |
|
|
|
522,035 |
|
|
|
— |
|
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(5,702,682 |
) |
|
|
— |
|
|
|
5,702,682 |
|
|
|
— |
|
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(14,181 |
) |
|
|
— |
|
|
|
14,181 |
|
|
|
— |
|
Asset (Liability) amounts shown in the table below represent
amounts owed to (by) the Funds for the derivative-related
investments at December 31, 2013. These amounts may be
collateralized by cash or financial instruments, segregated for the
benefit of the Funds or the counterparties, depending on whether
the related contracts are in an appreciated or depreciated position
at period end. Amounts shown in the column labeled “Net
Amount” represent the uncollateralized portions of these
amounts at period end. These amounts may be un-collateralized due
to timing differences related to market movements or due to minimum
thresholds for collateral movement, as further described above
under the caption “Account for Derivative
Instruments”.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Amounts Not Offset in the Statement of
Financial Condition
|
|
| |
|
Amounts of Recognized
Assets / (Liabilities)
presented in the
Statement of Financial
Condition |
|
|
Financial Instruments
for the Benefit of
(the Funds) / the
Counterparties |
|
|
Cash Collateral
for the Benefit of
(the Funds) / the
Counterparties |
|
|
Net Amount |
|
|
ProShares UltraShort Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
$ |
(11,710 |
) |
|
$ |
11,710 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Goldman Sachs International
|
|
|
(12,945 |
) |
|
|
12,945 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(3,010 |
) |
|
|
3,010 |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(570,114 |
) |
|
|
570,114 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
1,503,943 |
|
|
|
— |
|
|
|
— |
|
|
|
1,503,943 |
|
|
Goldman Sachs International
|
|
|
(632,990 |
) |
|
|
632,990 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(402,586 |
) |
|
|
402,586 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(727,210 |
) |
|
|
727,210 |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Bloomberg Natural Gas Goldman Sachs &
Co.
|
|
|
1,520,548 |
|
|
|
— |
|
|
|
— |
|
|
|
1,520,548 |
|
|
ProShares UltraShort Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
2,258,281 |
|
|
|
— |
|
|
|
(2,258,281 |
) |
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
300 |
|
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
Goldman Sachs International
|
|
|
1,411,290 |
|
|
|
(1,411,290 |
) |
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
665,044 |
|
|
|
(665,044 |
) |
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
1,298,438 |
|
|
|
(1,298,438 |
) |
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(445,752 |
) |
|
|
445,752 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
2,450 |
|
|
|
— |
|
|
|
— |
|
|
|
2,450 |
|
|
Goldman Sachs International
|
|
|
(1,257,636 |
) |
|
|
1,257,636 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(7,359 |
) |
|
|
7,359 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(517,110 |
) |
|
|
517,110 |
|
|
|
— |
|
|
|
— |
|
|
ProShares Short Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
9,100 |
|
|
|
— |
|
|
|
— |
|
|
|
9,100 |
|
|
ProShares UltraShort Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(86,166 |
) |
|
|
— |
|
|
|
86,166 |
|
|
|
— |
|
|
ProShares UltraShort Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
64,104 |
|
|
|
— |
|
|
|
— |
|
|
|
64,104 |
|
|
Goldman Sachs International
|
|
|
(6,820,802 |
) |
|
|
6,820,802 |
|
|
|
|
|
|
|
— |
|
|
UBS AG
|
|
|
87,247 |
|
|
|
— |
|
|
|
— |
|
|
|
87,247 |
|
|
UBS AG
|
|
|
(7,079,056 |
) |
|
|
7,079,056 |
|
|
|
— |
|
|
|
— |
|
|
ProShares UltraShort Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
15,716,318 |
|
|
|
(13,635,426 |
) |
|
|
— |
|
|
|
2,080,892 |
|
|
Goldman Sachs International
|
|
|
(884,849 |
) |
|
|
884,849 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
15,601,250 |
|
|
|
(14,004,926 |
) |
|
|
— |
|
|
|
1,596,324 |
|
|
UBS AG
|
|
|
(1,046,035 |
) |
|
|
1,046,035 |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Bloomberg Commodity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
6,454 |
|
|
|
— |
|
|
|
— |
|
|
|
6,454 |
|
|
Goldman Sachs International
|
|
|
4,974 |
|
|
|
— |
|
|
|
— |
|
|
|
4,974 |
|
|
UBS AG
|
|
|
3,650 |
|
|
|
— |
|
|
|
— |
|
|
|
3,650 |
|
|
ProShares Ultra Bloomberg Crude Oil
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
622,117 |
|
|
|
— |
|
|
|
(622,117 |
) |
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(997,210 |
) |
|
|
— |
|
|
|
997,210 |
|
|
|
— |
|
|
Goldman Sachs International
|
|
|
576,723 |
|
|
|
(576,723 |
) |
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
275,816 |
|
|
|
(275,816 |
) |
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
483,237 |
|
|
|
(483,237 |
) |
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Bloomberg Natural Gas Goldman Sachs &
Co.
|
|
|
(5,628,532 |
) |
|
|
— |
|
|
|
4,630,277 |
|
|
|
(998,255 |
) |
|
ProShares Ultra Gold
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(3,543,937 |
) |
|
|
3,543,937 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(300 |
) |
|
|
— |
|
|
|
300 |
|
|
|
— |
|
|
Goldman Sachs International
|
|
|
(1,327,335 |
) |
|
|
1,327,335 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(785,038 |
) |
|
|
785,038 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(1,156,664 |
) |
|
|
1,156,664 |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Silver
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
(350,663 |
) |
|
|
350,663 |
|
|
|
— |
|
|
|
— |
|
|
Goldman Sachs & Co.
|
|
|
(2,450 |
) |
|
|
— |
|
|
|
2,450 |
|
|
|
— |
|
|
Goldman Sachs International
|
|
|
(1,345,433 |
) |
|
|
1,345,433 |
|
|
|
— |
|
|
|
— |
|
|
Societe Generale S.A.
|
|
|
(28,581 |
) |
|
|
28,581 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
(768,203 |
) |
|
|
768,203 |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Australian Dollar
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
10,650 |
|
|
|
— |
|
|
|
— |
|
|
|
10,650 |
|
|
ProShares Ultra Euro
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
56,991 |
|
|
|
— |
|
|
|
— |
|
|
|
56,991 |
|
|
Goldman Sachs International
|
|
|
(19,770 |
) |
|
|
19,770 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
63,917 |
|
|
|
— |
|
|
|
— |
|
|
|
63,917 |
|
|
UBS AG
|
|
|
(176 |
) |
|
|
176 |
|
|
|
— |
|
|
|
— |
|
|
ProShares Ultra Yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs International
|
|
|
2,462 |
|
|
|
— |
|
|
|
— |
|
|
|
2,462 |
|
|
Goldman Sachs International
|
|
|
(78,309 |
) |
|
|
78,309 |
|
|
|
— |
|
|
|
— |
|
|
UBS AG
|
|
|
1,590 |
|
|
|
— |
|
|
|
— |
|
|
|
1,590 |
|
|
UBS AG
|
|
|
(85,052 |
) |
|
|
85,052 |
|
|
|
— |
|
|
|
— |
|
|
ProShares VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
3,179,017 |
|
|
|
— |
|
|
|
— |
|
|
|
3,179,017 |
|
|
ProShares VIX Mid-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
100,734 |
|
|
|
— |
|
|
|
— |
|
|
|
100,734 |
|
|
ProShares Ultra VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
(3,356,803 |
) |
|
|
— |
|
|
|
3,356,803 |
|
|
|
— |
|
|
ProShares Short VIX Short-Term Futures ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital Markets
|
|
|
603,833 |
|
|
|
— |
|
|
|
— |
|
|
|
603,833 |
|
|