v2.4.1.9

Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Fair Value of Derivative Instruments | Fair Value of Derivative Instruments as of March 31, 2015
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 |
Managed Futures Contracts |  | Receivables on open futures contracts |  | ProShares Managed Futures Strategy |  | $ | 190,575 | * |  | Payable on open futures contracts |  | ProShares Managed Futures Strategy |  | $ | 107,342 | *
VIX Futures Contracts |  | Receivables on open futures contracts |  | ProShares VIX Short-Term Futures ETF |  |  | 710,151 | * |  | Payable on open futures contracts |  | ProShares VIX Short-Term Futures ETF |  |  | 5,816,262 | *
|  | ProShares VIX Mid-Term Futures ETF |  |  | 116,200 | * |  |  | ProShares VIX Mid-Term Futures ETF |  |  | 616,590 | *
|  | ProShares Short VIX Short-Term Futures ETF |  |  | 8,591,734 | * |  |  | ProShares Short VIX Short-Term Futures ETF |  |  | 1,599,750 |
|  |  |  | ProShares Ultra VIX Short-Term Futures ETF |  |  | 6,202,210 |  |  |  |  | ProShares Ultra VIX Short-Term Futures ETF |  |  | 55,127,903 |
Commodities Contracts |  | Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements |  | ProShares UltraShort Bloomberg Commodity |  |  | 276,625 |  |  | Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements |  | ProShares UltraShort Gold |  |  | 1,588,121 | *
|  | ProShares UltraShort Bloomberg Crude Oil |  |  | 44,263,734 | * |  |  | ProShares UltraShort Silver |  |  | 3,736,183 |
|  | ProShares UltraShort Bloomberg Natural Gas |  |  | 859,740 | * |  |  | ProShares Ultra Bloomberg Commodity |  |  | 129,433 |
|  | ProShares UltraShort Silver |  |  | 3,095 | * |  |  | ProShares Ultra Bloomberg Crude Oil |  |  | 142,337,660 | *
|  | ProShares Ultra Gold |  |  | 1,666,988 | * |  |  | ProShares Ultra Bloomberg Natural Gas |  |  | 7,437,631 | *
|  | ProShares Ultra Silver |  |  | 22,620,868 |  |  |  | ProShares Ultra Silver |  |  | 3,320 | *
Foreign Exchange Contracts |  | Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts |  | ProShares Short Euro |  |  | 109,769 | * |  | Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts |  | ProShares UltraShort Euro |  |  | 2,088,667 |
|  | ProShares UltraShort Australian Dollar |  |  | 419,850 | * |  |  | ProShares UltraShort Yen |  |  | 57,733 |
|  | ProShares UltraShort Euro |  |  | 25,478,862 |  |  |  | ProShares Ultra Australian Dollar |  |  | 57,414 | *
|  | ProShares UltraShort Yen |  |  | 725,490 |  |  |  | ProShares Ultra Euro |  |  | 780,795 |
|  | ProShares Ultra Euro |  |  | 2,045 |  |  |  | ProShares Ultra Yen |  |  | 41,178 |
|  |  |  | Total Trust |  | $ | 112,237,936 | * |  |  |  | Total Trust |  | $ | 221,525,982 | *
* | 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, 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 |
Managed Futures Contracts |  | Receivables on open futures contracts |  | ProShares Managed Futures Strategy |  | $ | 122,831 | * |  | Payable on open futures contracts |  | ProShares Managed Futures Strategy |  | $ | 18,504 | *
VIX Futures Contracts |  | Receivables on open futures contracts |  | ProShares VIX Short-Term Futures ETF |  |  | 6,264,620 | * |  | Payable on open futures contracts |  | ProShares VIX Mid-Term Futures ETF |  |  | 222,845 | *
|  | ProShares VIX Mid-Term Futures ETF |  |  | 483,510 | * |  |  | ProShares Short VIX Short-Term ETF |  |  | 16,352,149 | *
|  | ProShares Ultra VIX Short-Term Futures ETF |  |  | 39,585,253 | * |  |  |  |  |  |
Commodities Contracts |  | Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements |  | ProShares UltraShort Bloomberg Commodity |  |  | 567,259 |  |  | Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements |  | ProShares UltraShort Gold |  |  | 2,287,298 | *
|  | ProShares UltraShort Bloomberg Crude Oil |  |  | 42,824,680 | * |  |  | ProShares UltraShort Silver |  |  | 204,570 |
|  | ProShares UltraShort Bloomberg Natural Gas |  |  | 3,941,465 | * |  |  | ProShares Ultra Bloomberg Commodity |  |  | 331,338 |
|  | ProShares UltraShort Silver |  |  | 801,083 | * |  |  | ProShares Ultra Bloomberg Crude Oil |  |  | 122,655,884 | *
|  | ProShares Ultra Gold |  |  | 2,055,734 | * |  |  | ProShares Ultra Bloomberg Natural Gas |  |  | 34,889,283 | *
|  |  |  |  |  |  |  |  | ProShares Ultra Silver |  |  | 12,396,680 | *
Foreign Exchange Contracts |  | Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts |  | ProShares Short Euro |  |  | 385,331 | * |  | Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts |  | ProShares UltraShort Euro |  |  | 2,256,771 |
|  | ProShares UltraShort Australian Dollar |  |  | 743,481 | * |  |  | ProShares UltraShort Yen |  |  | 2,149,924 |
|  | ProShares UltraShort Euro |  |  | 19,019,765 |  |  |  | ProShares Ultra Australian Dollar |  |  | 96,825 | *
|  | ProShares UltraShort Yen |  |  | 571,149 |  |  |  | ProShares Ultra Euro |  |  | 106,292 |
|  | ProShares Ultra Euro |  |  | 2,921 |  |  |  | ProShares Ultra Yen |  |  | 15,649 |
|  | ProShares Ultra Yen |  |  | 404 |  |  |  |  |  |  |
|  |  |  | Total Trust |  | $ | 117,369,486 | * |  |  |  | Total Trust |  | $ | 193,984,012 | *
* | 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, 2014. 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, 2014 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 March 31, 2015
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 |
Managed Futures Contracts |  | Net realized gain (loss) on futures contracts / changes in unrealized appreciation/depreciation on futures contracts |  | ProShares Managed Futures Strategy |  | $ | 119,252 |  |  | $ | (21,094 | )
VIX Futures Contracts |  | Net realized gain (loss) on futures contracts, changes in unrealized appreciation/ depreciation on futures contracts |  | ProShares VIX Short-Term Futures ETF |  |  | (8,978,330 | ) |  |  | (11,370,731 | )
|  |  | ProShares VIX Mid-Term Futures ETF |  |  | 126,671 |  |  |  | (761,055 | )
|  |  | ProShares Short VIX Short-Term Futures ETF |  |  | 23,811,285 |  |  |  | 23,344,133 |
|  |  | ProShares Ultra VIX Short-Term Futures ETF |  |  | (135,093,226 | ) |  |  | (88,510,946 | )
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 |  |  | 856,549 |  |  |  | (290,634 | )
|  |  | ProShares UltraShort Bloomberg Crude Oil |  |  | 44,649,872 |  |  |  | 1,439,054 |
|  |  | ProShares UltraShort Bloomberg Natural Gas |  |  | 5,179,268 |  |  |  | (3,081,725 | )
|  | ProShares UltraShort Gold |  |  | 1,918,530 |  |  |  | 699,177 |
|  | ProShares UltraShort Silver |  |  | (1,361,705 | ) |  |  | (4,329,601 | )
|  |  | ProShares Ultra Bloomberg Commodity |  |  | (520,459 | ) |  |  | 201,905 |
|  |  | ProShares Ultra Bloomberg Crude Oil |  |  | (173,683,119 | ) |  |  | (19,681,776 | )
|  |  | ProShares Ultra Bloomberg Natural Gas |  |  | (45,836,964 | ) |  |  | 27,451,658 |
|  | ProShares Ultra Gold |  |  | (2,987,756 | ) |  |  | (388,746 | )
|  | ProShares Ultra Silver |  |  | (17,769,093 | ) |  |  | 35,014,228 |
Foreign Exchange Contracts |  | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts |  | ProShares Short Euro |  |  | 2,057,094 |  |  |  | (275,562 | )
|  |  | ProShares UltraShort Australian Dollar |  |  | 2,979,670 |  |  |  | (323,631 | )
|  |  | ProShares UltraShort Euro |  |  | 107,515,818 |  |  |  | 6,627,201 |
|  |  | ProShares UltraShort Yen |  |  | (5,107,734 | ) |  |  | 2,246,532 |
|  |  | ProShares Ultra Australian Dollar |  |  | (376,158 | ) |  |  | 39,411 |
|  |  | ProShares Ultra Euro |  |  | (1,065,216 | ) |  |  | (675,379 | )
|  | ProShares Ultra Yen |  |  | (80,612 | ) |  |  | (25,933 | )
|  |  |  | Total Trust |  | $ | (203,646,363 | ) |  | $ | (32,673,514 | )
The Effect of Derivative Instruments on the Statements of Operations For the three months ended March 31, 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 |
VIX Futures Contracts |  | Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts |  | ProShares VIX Short-Term Futures ETF |  | $ | 15,779,707 |  |  | $ | 11,625,721 |
|  |  | ProShares VIX Mid-Term Futures ETF |  |  | (5,397,902 | ) |  |  | 2,889,479 |
|  |  | ProShares Short VIX Short-Term Futures ETF |  |  | 2,731,436 |  |  |  | (33,756 | )
|  |  | ProShares Ultra VIX Short-Term Futures ETF |  |  | (3,546,304 | ) |  |  | (5,691,916 | )
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 |  |  | (635,695 | ) |  |  | 129,934 |
|  |  | ProShares UltraShort Bloomberg Crude Oil |  |  | (12,278,001 | ) |  |  | (3,391,572 | )
|  |  | ProShares UltraShort Bloomberg Natural Gas |  |  | (9,215,034 | ) |  |  | 3,437,020 |
|  | ProShares UltraShort Gold |  |  | (22,149,687 | ) |  |  | 2,901,049 |
|  | ProShares UltraShort Silver |  |  | (12,614,405 | ) |  |  | 9,961,567 |
|  |  | ProShares Ultra Bloomberg Commodity |  |  | 537,342 |  |  |  | (129,206 | )
|  |  | ProShares Ultra Bloomberg Crude Oil |  |  | 21,193,668 |  |  |  | 484,711 |
|  |  | ProShares Ultra Bloomberg Natural Gas |  |  | 16,803,375 |  |  |  | 1,805,128 |
|  | ProShares Ultra Gold |  |  | 23,433,620 |  |  |  | (5,199,398 | )
|  | ProShares Ultra Silver |  |  | 73,955,572 |  |  |  | (55,636,611 | )
Foreign Exchange Contracts |  | Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts |  | ProShares Short Euro |  |  | (66,588 | ) |  |  | 81,131 |
|  |  | ProShares UltraShort Australian Dollar |  |  | (78,609 | ) |  |  | (2,139,484 | )
|  |  | ProShares UltraShort Euro |  |  | (12,182,041 | ) |  |  | 10,024,197 |
|  |  | ProShares UltraShort Yen |  |  | (102,730 | ) |  |  | (24,540,300 | )
|  |  | ProShares Ultra Australian Dollar |  |  | (27,427 | ) |  |  | 311,205 |
|  |  | ProShares Ultra Euro |  |  | 85,136 |  |  |  | (79,978 | )
|  | ProShares Ultra Yen |  |  | (10,517 | ) |  |  | 118,080 |
|  |  |  | Total Trust |  | $ | 76,214,916 |  |  | $ | (53,072,999 | )
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 March 31, 2015:
Fair Values of Derivative Instruments as of March 31, 2015 |
|  | Assets |  |  | Liabilities |
|  | Gross Amounts of Recognized Assets presented in the Statements of Financial Condition |  |  | Gross Amounts Offset in the Statements of Financial Condition |  |  | Net Amounts of Assets presented in the Statements of Financial Condition |  |  | Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition |  |  | Gross Amounts Offset in the Statements of Financial Condition |  |  | Net Amounts of Liabilities presented in the Statements of Financial Condition |
ProShares UltraShort Bloomberg Commodity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | 276,625 |  |  |  | — |  |  |  | 276,625 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares UltraShort Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | 26,857,473 |  |  |  | — |  |  |  | 26,857,473 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares UltraShort Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,582,081 |  |  |  | — |  |  |  | 1,582,081 |
ProShares UltraShort Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,736,183 |  |  |  | — |  |  |  | 3,736,183 |
ProShares UltraShort Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 25,478,862 |  |  |  | — |  |  |  | 25,478,862 |  |  |  | 2,088,667 |  |  |  | — |  |  |  | 2,088,667 |
ProShares UltraShort Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 725,490 |  |  |  | — |  |  |  | 725,490 |  |  |  | 57,733 |  |  |  | — |  |  |  | 57,733 |
ProShares Ultra Bloomberg Commodity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 129,433 |  |  |  | — |  |  |  | 129,433 |
ProShares Ultra Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 78,474,219 |  |  |  | — |  |  |  | 78,474,219 |
ProShares Ultra Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | 1,660,968 |  |  |  | — |  |  |  | 1,660,968 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares Ultra Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | 22,620,868 |  |  |  | — |  |  |  | 22,620,868 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares Ultra Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 2,045 |  |  |  | — |  |  |  | 2,045 |  |  |  | 780,795 |  |  |  | — |  |  |  | 780,795 |
ProShares Ultra Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41,178 |  |  |  | — |  |  |  | 41,178 |
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 December 31, 2014:
Fair Values of Derivative Instruments as of December 31, 2014 |
|  | Assets |  |  | Liabilities |
|  | Gross Amounts of Recognized Assets presented in the Statements of Financial Condition |  |  | Gross Amounts Offset in the Statements of Financial Condition |  |  | Net Amounts of Assets presented in the Statements of Financial Condition |  |  | Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition |  |  | Gross Amounts Offset in the Statements of Financial Condition |  |  | Net Amounts of Liabilities presented in the Statements of Financial Condition |
ProShares UltraShort Bloomberg Commodity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | 567,259 |  |  |  | — |  |  |  | 567,259 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares UltraShort Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | 27,018,077 |  |  |  | — |  |  |  | 27,018,077 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares UltraShort Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,282,778 |  |  |  | — |  |  |  | 2,282,778 |
ProShares UltraShort Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | 799,523 |  |  |  | — |  |  |  | 799,523 |  |  |  | 204,570 |  |  |  | — |  |  |  | 204,570 |
ProShares UltraShort Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 19,019,765 |  |  |  | — |  |  |  | 19,019,765 |  |  |  | 2,256,771 |  |  |  | — |  |  |  | 2,256,771 |
ProShares UltraShort Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 571,149 |  |  |  | — |  |  |  | 571,149 |  |  |  | 2,149,924 |  |  |  | — |  |  |  | 2,149,924 |
ProShares Ultra Bloomberg Commodity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 331,338 |  |  |  | — |  |  |  | 331,338 |
ProShares Ultra Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 76,181,097 |  |  |  | — |  |  |  | 76,181,097 |
ProShares Ultra Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | 2,051,154 |  |  |  | — |  |  |  | 2,051,154 |  |  |  | — |  |  |  | — |  |  |  | — |
ProShares Ultra Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,395,120 |  |  |  | — |  |  |  | 12,395,120 |
ProShares Ultra Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 2,921 |  |  |  | — |  |  |  | 2,921 |  |  |  | 106,292 |  |  |  | — |  |  |  | 106,292 |
ProShares Ultra Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 404 |  |  |  | — |  |  |  | 404 |  |  |  | 15,649 |  |  |  | — |  |  |  | 15,649 |
Gross Amounts Not Offset in Statements of Financial Condition | Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at March 31, 2015. 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 “Accounting for Derivative Instruments”.
Gross Amounts Not Offset in the Statements of Financial Condition as of March 31, 2015 |
|  | Amounts of Recognized Assets / (Liabilities) presented in the Statements 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 |  |  | 118,941 |  |  |  | — |  |  |  | — |  |  |  | 118,941 |
Goldman Sachs International |  |  | 113,070 |  |  |  | — |  |  |  | — |  |  |  | 113,070 |
UBS AG |  |  | 44,614 |  |  |  | — |  |  |  | — |  |  |  | 44,614 |
ProShares UltraShort Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | 9,502,897 |  |  |  | — |  |  |  | (6,400,000 | ) |  |  | 3,102,897 |
Goldman Sachs International |  |  | 7,090,832 |  |  |  | (4,179,789 | ) |  |  | — |  |  |  | 2,911,043 |
Societe Generale S.A. |  |  | 2,850,353 |  |  |  | (2,850,353 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | 7,413,391 |  |  |  | (4,951,884 | ) |  |  | — |  |  |  | 2,461,507 |
ProShares UltraShort Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (647,913 | ) |  |  | 647,913 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (370,015 | ) |  |  | 370,015 |  |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | (375,583 | ) |  |  | 375,583 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (188,570 | ) |  |  | 188,570 |  |  |  | — |  |  |  | — |
ProShares UltraShort Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (1,877,505 | ) |  |  | 1,877,505 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (860,699 | ) |  |  | 860,699 |  |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | (296,399 | ) |  |  | 296,399 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (701,580 | ) |  |  | 701,580 |  |  |  | — |  |  |  | — |
ProShares UltraShort Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | 11,076,250 |  |  |  | (7,250,046 | ) |  |  | — |  |  |  | 3,826,204 |
UBS AG |  |  | 12,313,945 |  |  |  | (9,399,102 | ) |  |  | — |  |  |  | 2,914,843 |
ProShares UltraShort Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | 446,692 |  |  |  | (446,692 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | 221,065 |  |  |  | (221,065 | ) |  |  | — |  |  |  | — |
ProShares Ultra Bloomberg Commodity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (54,521 | ) |  |  | 54,521 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (55,872 | ) |  |  | 55,872 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (19,040 | ) |  |  | 19,040 |  |  |  | — |  |  |  | — |
ProShares Ultra Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (24,270,565 | ) |  |  | 24,270,565 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (24,277,344 | ) |  |  | 24,277,344 |  |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | (8,155,514 | ) |  |  | 8,155,514 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (21,770,796 | ) |  |  | 21,770,796 |  |  |  | — |  |  |  | — |
ProShares Ultra Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | 895,425 |  |  |  | — |  |  |  | (800,000 | ) |  |  | 95,425 |
Goldman Sachs International |  |  | 346,843 |  |  |  | (311,985 | ) |  |  | — |  |  |  | 34,858 |
Societe Generale S.A. |  |  | 90,113 |  |  |  | (90,113 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | 328,587 |  |  |  | (302,741 | ) |  |  | — |  |  |  | 25,846 |
ProShares Ultra Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | 12,075,006 |  |  |  | — |  |  |  | (12,075,006 | ) |  |  | — |
Goldman Sachs International |  |  | 4,343,236 |  |  |  | (4,343,236 | ) |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | 2,548,949 |  |  |  | (2,548,949 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | 3,653,677 |  |  |  | (3,653,677 | ) |  |  | — |  |  |  | — |
ProShares Ultra Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | (361,029 | ) |  |  | 361,029 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (417,721 | ) |  |  | 417,721 |  |  |  | — |  |  |  | — |
ProShares Ultra Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | (15,605 | ) |  |  | 15,605 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (25,573 | ) |  |  | 25,573 |  |  |  | — |  |  |  | — |
Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at December 31, 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 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 “Accounting for Derivative Instruments”.
Gross Amounts Not Offset in the Statements of Financial Condition as of December 31, 2014 |
|  | Amounts of Recognized Assets / (Liabilities) presented in the Statements 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 |  |  | 243,474 |  |  |  | — |  |  |  | — |  |  |  | 243,474 |
Goldman Sachs International |  |  | 240,271 |  |  |  | — |  |  |  | — |  |  |  | 240,271 |
UBS AG |  |  | 83,514 |  |  |  | — |  |  |  | — |  |  |  | 83,514 |
ProShares UltraShort Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | 7,669,493 |  |  |  | — |  |  |  | (6,800,000 | ) |  |  | 869,493 |
Goldman Sachs International |  |  | 8,362,336 |  |  |  | (7,598,657 | ) |  |  | — |  |  |  | 763,679 |
Societe Generale S.A. |  |  | 2,132,657 |  |  |  | (2,132,657 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | 8,853,591 |  |  |  | (8,281,350 | ) |  |  | — |  |  |  | 572,241 |
ProShares UltraShort Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (1,422,997 | ) |  |  | 1,422,997 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (354,660 | ) |  |  | 354,660 |  |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | (182,225 | ) |  |  | 182,225 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (322,896 | ) |  |  | 322,896 |  |  |  | — |  |  |  | — |
ProShares UltraShort Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | 462,619 |  |  |  | — |  |  |  | (462,619 | ) |  |  | — |
Goldman Sachs International |  |  | 138,563 |  |  |  | (138,563 | ) |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | 198,341 |  |  |  | (198,341 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | (204,570 | ) |  |  | 204,570 |  |  |  | — |  |  |  | — |
ProShares UltraShort Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | 8,193,303 |  |  |  | (6,008,925 | ) |  |  | — |  |  |  | 2,184,378 |
UBS AG |  |  | 8,569,691 |  |  |  | (6,592,366 | ) |  |  | (11,518 | ) |  |  | 1,965,807 |
ProShares UltraShort Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | (1,466,239 | ) |  |  | 1,466,239 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (112,536 | ) |  |  | 112,536 |  |  |  | — |  |  |  | — |
ProShares Ultra Bloomberg Commodity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (143,751 | ) |  |  | 143,751 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (138,532 | ) |  |  | 138,532 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (49,055 | ) |  |  | 49,055 |  |  |  | — |  |  |  | — |
ProShares Ultra Bloomberg Crude Oil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (24,223,667 | ) |  |  | 24,223,667 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (24,285,701 | ) |  |  | 24,285,701 |  |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | (5,528,160 | ) |  |  | 5,528,160 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (22,143,569 | ) |  |  | 22,143,569 |  |  |  | — |  |  |  | — |
ProShares Ultra Gold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | 1,231,694 |  |  |  | — |  |  |  | (1,231,694 | ) |  |  | — |
Goldman Sachs International |  |  | 222,126 |  |  |  | — |  |  |  | — |  |  |  | 222,126 |
Societe Generale S.A. |  |  | 190,591 |  |  |  | (190,591 | ) |  |  | — |  |  |  | — |
UBS AG |  |  | 406,743 |  |  |  | (406,743 | ) |  |  | — |  |  |  | — |
ProShares Ultra Silver |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deutsche Bank AG |  |  | (6,220,069 | ) |  |  | 6,220,069 |  |  |  | — |  |  |  | — |
Goldman Sachs International |  |  | (2,124,796 | ) |  |  | 2,124,796 |  |  |  | — |  |  |  | — |
Societe Generale S.A. |  |  | (1,384,207 | ) |  |  | 1,384,207 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (2,666,048 | ) |  |  | 2,666,048 |  |  |  | — |  |  |  | — |
ProShares Ultra Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | (38,856 | ) |  |  | 38,856 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (64,515 | ) |  |  | 64,515 |  |  |  | — |  |  |  | — |
ProShares Ultra Yen |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goldman Sachs International |  |  | (12,255 | ) |  |  | 12,255 |  |  |  | — |  |  |  | — |
UBS AG |  |  | (2,990 | ) |  |  | 2,990 |  |  |  | — |  |  |  | — |

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