| Per Share Operating Performance |
Selected data for a Share outstanding throughout the three
months ended June 30, 2018:
For the Three Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Short Euro |
|
|
Short VIX
Short-Term
Futures ETF |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra
Bloomberg
Natural Gas* |
|
|
Ultra Euro |
|
|
Ultra Gold |
|
|
Net asset value, at March 31, 2018
|
|
$ |
39.25 |
|
|
$ |
11.59 |
|
|
$ |
27.48 |
|
|
$ |
27.48 |
|
|
$ |
18.10 |
|
|
$ |
41.44 |
|
|
Net investment income (loss)
|
|
|
0.04 |
|
|
|
(0.01 |
) |
|
|
0.04 |
|
|
|
0.02 |
|
|
|
0.01 |
|
|
|
0.08 |
|
|
Net realized and unrealized gain (loss)#
|
|
|
2.31 |
|
|
|
1.19 |
|
|
|
6.81 |
|
|
|
1.78 |
|
|
|
(2.02 |
) |
|
|
(5.03 |
) |
|
Change in net asset value from operations
|
|
|
2.35 |
|
|
|
1.18 |
|
|
|
6.85 |
|
|
|
1.80 |
|
|
|
(2.01 |
) |
|
|
(4.95 |
) |
|
Net asset value, at June 30, 2018
|
|
$ |
41.60 |
|
|
$ |
12.77 |
|
|
$ |
34.33 |
|
|
$ |
29.28 |
|
|
$ |
16.09 |
|
|
$ |
36.49 |
|
|
Market value per share, at March 31, 2018†
|
|
$ |
39.04 |
|
|
$ |
11.74 |
|
|
$ |
27.50 |
|
|
$ |
27.53 |
|
|
$ |
18.09 |
|
|
$ |
41.55 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
41.53 |
|
|
$ |
12.72 |
|
|
$ |
34.38 |
|
|
$ |
29.27 |
|
|
$ |
16.06 |
|
|
$ |
36.56 |
|
|
Total Return, at net asset value^
|
|
|
6.0 |
% |
|
|
10.2 |
% |
|
|
24.9 |
% |
|
|
6.6 |
% |
|
|
(11.1 |
)% |
|
|
(11.9 |
)% |
|
Total Return, at market value^
|
|
|
6.4 |
% |
|
|
8.3 |
% |
|
|
25.0 |
% |
|
|
6.3 |
% |
|
|
(11.2 |
)% |
|
|
(12.0 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.97 |
% |
|
|
1.27 |
% |
|
|
0.98 |
% |
|
|
1.30 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
0.39 |
% |
|
|
(0.42 |
)% |
|
|
0.61 |
% |
|
|
0.29 |
% |
|
|
0.15 |
% |
|
|
0.76 |
% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
For the Three Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Ultra Silver |
|
|
Ultra VIX
Short-Term
Futures ETF |
|
|
Ultra Yen |
|
|
UltraPro 3x
Crude Oil ETF |
|
|
UltraPro 3x
Short Crude Oil
ETF* |
|
|
UltraShort
Australian
Dollar |
|
|
Net asset value, at March 31, 2018
|
|
$ |
30.83 |
|
|
$ |
19.00 |
|
|
$ |
63.48 |
|
|
$ |
46.30 |
|
|
$ |
30.80 |
|
|
$ |
47.09 |
|
|
Net investment income (loss)
|
|
|
0.05 |
|
|
|
(0.03 |
) |
|
|
(0.05 |
) |
|
|
(0.15 |
) |
|
|
(0.08 |
) |
|
|
0.03 |
|
|
Net realized and unrealized gain (loss)#
|
|
|
(1.50 |
) |
|
|
(6.72 |
) |
|
|
(5.55 |
) |
|
|
16.63 |
|
|
|
(11.41 |
) |
|
|
3.40 |
|
|
Change in net asset value from operations
|
|
|
(1.45 |
) |
|
|
(6.75 |
) |
|
|
(5.60 |
) |
|
|
16.48 |
|
|
|
(11.49 |
) |
|
|
3.43 |
|
|
Net asset value, at June 30, 2018
|
|
$ |
29.38 |
|
|
$ |
12.25 |
|
|
$ |
57.88 |
|
|
$ |
62.78 |
|
|
$ |
19.31 |
|
|
$ |
50.52 |
|
|
Market value per share, at March 31, 2018†
|
|
$ |
31.09 |
|
|
$ |
18.53 |
|
|
$ |
63.49 |
|
|
$ |
46.33 |
|
|
$ |
30.77 |
|
|
$ |
47.18 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
29.66 |
|
|
$ |
12.34 |
|
|
$ |
58.33 |
|
|
$ |
63.02 |
|
|
$ |
19.27 |
|
|
$ |
51.20 |
|
|
Total Return, at net asset value^
|
|
|
(4.7 |
)% |
|
|
(35.5 |
)% |
|
|
(8.8 |
)% |
|
|
35.6 |
% |
|
|
(37.3 |
)% |
|
|
7.3 |
% |
|
Total Return, at market value^
|
|
|
(4.6 |
)% |
|
|
(33.4 |
)% |
|
|
(8.1 |
)% |
|
|
36.0 |
% |
|
|
(37.4 |
)% |
|
|
8.5 |
% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.95 |
% |
|
|
1.57 |
% |
|
|
0.95 |
% |
|
|
1.19 |
% |
|
|
1.23 |
% |
|
|
1.02 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
0.68 |
% |
|
|
(1.02 |
)% |
|
|
(0.34 |
)% |
|
|
(1.15 |
)% |
|
|
(1.19 |
)% |
|
|
0.26 |
% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
For the Three Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort
Bloomberg
Natural Gas |
|
|
UltraShort
Euro |
|
|
UltraShort
Gold |
|
|
UltraShort
Silver |
|
|
UltraShort Yen |
|
|
Net asset value, at March 31, 2018
|
|
$ |
19.96 |
|
|
$ |
42.88 |
|
|
$ |
20.33 |
|
|
$ |
67.14 |
|
|
$ |
33.93 |
|
|
$ |
67.20 |
|
|
Net investment income (loss)
|
|
|
0.03 |
|
|
|
(0.02 |
) |
|
|
0.04 |
|
|
|
0.12 |
|
|
|
0.05 |
|
|
|
0.12 |
|
|
Net realized and unrealized gain (loss)#
|
|
|
(5.06 |
) |
|
|
(4.27 |
) |
|
|
2.42 |
|
|
|
8.39 |
|
|
|
0.79 |
|
|
|
6.17 |
|
|
Change in net asset value from operations
|
|
|
(5.03 |
) |
|
|
(4.29 |
) |
|
|
2.46 |
|
|
|
8.51 |
|
|
|
0.84 |
|
|
|
6.29 |
|
|
Net asset value, at June 30, 2018
|
|
$ |
14.93 |
|
|
$ |
38.59 |
|
|
$ |
22.79 |
|
|
$ |
75.65 |
|
|
$ |
34.77 |
|
|
$ |
73.49 |
|
|
Market value per share, at March 31, 2018†
|
|
$ |
19.95 |
|
|
$ |
42.83 |
|
|
$ |
20.32 |
|
|
$ |
66.98 |
|
|
$ |
33.54 |
|
|
$ |
67.14 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
14.91 |
|
|
$ |
38.62 |
|
|
$ |
22.79 |
|
|
$ |
75.39 |
|
|
$ |
34.40 |
|
|
$ |
73.44 |
|
|
Total Return, at net asset value^
|
|
|
(25.2 |
)% |
|
|
(10.0 |
)% |
|
|
12.1 |
% |
|
|
12.7 |
% |
|
|
2.5 |
% |
|
|
9.4 |
% |
|
Total Return, at market value^
|
|
|
(25.3 |
)% |
|
|
(9.8 |
)% |
|
|
12.2 |
% |
|
|
12.6 |
% |
|
|
2.6 |
% |
|
|
9.4 |
% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.99 |
% |
|
|
1.36 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
0.76 |
% |
|
|
(0.19 |
)% |
|
|
0.66 |
% |
|
|
0.68 |
% |
|
|
0.61 |
% |
|
|
0.70 |
% |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
For the Three Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
VIX Mid-Term
Futures ETF |
|
|
VIX Short-Term
Futures ETF |
|
|
Net asset value, at March 31, 2018
|
|
$ |
26.61 |
|
|
$ |
39.76 |
|
|
Net investment income (loss)
|
|
|
0.00 |
(1) |
|
|
(0.01 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(3.58 |
) |
|
|
(9.33 |
) |
|
Change in net asset value from operations
|
|
|
(3.58 |
) |
|
|
(9.34 |
) |
|
Net asset value, at June 30, 2018
|
|
$ |
23.03 |
|
|
$ |
30.42 |
|
|
Market value per share, at March 31, 2018†
|
|
$ |
26.45 |
|
|
$ |
39.15 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
23.02 |
|
|
$ |
30.52 |
|
|
Total Return, at net asset value^
|
|
|
(13.5 |
)% |
|
|
(23.5 |
)% |
|
Total Return, at market value^
|
|
|
(13.0 |
)% |
|
|
(22.0 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.91 |
% |
|
|
0.97 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.85 |
% |
|
|
0.85 |
% |
|
Net investment income (loss)
|
|
|
0.06 |
% |
|
|
(0.06 |
)% |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
| (1) |
Amount represents less than
$0.005. |
Selected data for a Share outstanding throughout the three
months ended June 30, 2017:
For the Three Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Short Euro |
|
|
Short VIX
Short-Term
Futures ETF* |
|
|
Ultra
Bloomberg
Crude Oil* |
|
|
Ultra
Bloomberg
Natural Gas* |
|
|
Ultra Euro |
|
|
Ultra Gold |
|
|
Net asset value, at March 31, 2017
|
|
$ |
44.51 |
|
|
$ |
70.54 |
|
|
$ |
18.96 |
|
|
$ |
61.36 |
|
|
$ |
14.24 |
|
|
$ |
38.33 |
|
|
Net investment income (loss)
|
|
|
(0.04 |
) |
|
|
(0.16 |
) |
|
|
(0.01 |
) |
|
|
(0.08 |
) |
|
|
(0.01 |
) |
|
|
(0.02 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(2.73 |
) |
|
|
9.73 |
|
|
|
(4.15 |
) |
|
|
(12.43 |
) |
|
|
1.93 |
|
|
|
(0.56 |
) |
|
Change in net asset value from operations
|
|
|
(2.77 |
) |
|
|
9.57 |
|
|
|
(4.16 |
) |
|
|
(12.51 |
) |
|
|
1.92 |
|
|
|
(0.58 |
) |
|
Net asset value, at June 30, 2017
|
|
$ |
41.74 |
|
|
$ |
80.11 |
|
|
$ |
14.80 |
|
|
$ |
48.85 |
|
|
$ |
16.16 |
|
|
$ |
37.75 |
|
|
Market value per share, at March 31, 2017†
|
|
$ |
44.29 |
|
|
$ |
70.58 |
|
|
$ |
19.02 |
|
|
$ |
61.35 |
|
|
$ |
14.27 |
|
|
$ |
38.45 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
41.71 |
|
|
$ |
80.64 |
|
|
$ |
14.86 |
|
|
$ |
48.70 |
|
|
$ |
16.17 |
|
|
$ |
37.68 |
|
|
Total Return, at net asset value^
|
|
|
(6.2 |
)% |
|
|
13.6 |
% |
|
|
(21.9 |
)% |
|
|
(20.4 |
)% |
|
|
13.4 |
% |
|
|
(1.5 |
)% |
|
Total Return, at market value^
|
|
|
(5.8 |
)% |
|
|
14.3 |
% |
|
|
(21.9 |
)% |
|
|
(20.6 |
)% |
|
|
13.3 |
% |
|
|
(2.0 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.96 |
% |
|
|
1.50 |
% |
|
|
0.98 |
% |
|
|
1.19 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
(0.33 |
)% |
|
|
(0.86 |
)% |
|
|
(0.24 |
)% |
|
|
(0.59 |
)% |
|
|
(0.26 |
)% |
|
|
(0.20 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2017. |
| ** |
Percentages are annualized. |
For the Three Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Ultra Silver |
|
|
Ultra VIX
Short-Term
Futures ETF* |
|
|
Ultra Yen |
|
|
UltraPro 3x
Crude Oil ETF |
|
|
UltraPro 3x
Short Crude Oil
ETF* |
|
|
UltraShort
Australian
Dollar |
|
|
Net asset value, at March 31, 2017
|
|
$ |
40.60 |
|
|
$ |
64.77 |
|
|
$ |
60.42 |
|
|
$ |
29.24 |
|
|
$ |
84.63 |
|
|
$ |
48.75 |
|
|
Net investment income (loss)
|
|
|
(0.02 |
) |
|
|
(0.15 |
) |
|
|
(0.08 |
) |
|
|
(0.07 |
) |
|
|
(0.32 |
) |
|
|
(0.05 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(7.35 |
) |
|
|
(25.30 |
) |
|
|
(1.66 |
) |
|
|
(9.65 |
) |
|
|
21.53 |
|
|
|
(0.80 |
) |
|
Change in net asset value from operations
|
|
|
(7.37 |
) |
|
|
(25.45 |
) |
|
|
(1.74 |
) |
|
|
(9.72 |
) |
|
|
21.21 |
|
|
|
(0.85 |
) |
|
Net asset value, at June 30, 2017
|
|
$ |
33.23 |
|
|
$ |
39.32 |
|
|
$ |
58.68 |
|
|
$ |
19.52 |
|
|
$ |
105.84 |
|
|
$ |
47.90 |
|
|
Market value per share, at March 31, 2017†
|
|
$ |
41.23 |
|
|
$ |
64.68 |
|
|
$ |
60.19 |
|
|
$ |
29.42 |
|
|
$ |
84.28 |
|
|
$ |
49.00 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
33.82 |
|
|
$ |
38.96 |
|
|
$ |
58.68 |
|
|
$ |
19.68 |
|
|
$ |
104.96 |
|
|
$ |
47.80 |
|
|
Total Return, at net asset value^
|
|
|
(18.1 |
)% |
|
|
(39.3 |
)% |
|
|
(2.9 |
)% |
|
|
(33.2 |
)% |
|
|
25.1 |
% |
|
|
(1.7 |
)% |
|
Total Return, at market value^
|
|
|
(18.0 |
)% |
|
|
(39.8 |
)% |
|
|
(2.5 |
)% |
|
|
(33.1 |
)% |
|
|
24.5 |
% |
|
|
(2.4 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.95 |
% |
|
|
1.88 |
% |
|
|
0.95 |
% |
|
|
1.27 |
% |
|
|
1.34 |
% |
|
|
1.01 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
(0.19 |
)% |
|
|
(1.27 |
)% |
|
|
(0.49 |
)% |
|
|
(1.27 |
)% |
|
|
(1.34 |
)% |
|
|
(0.42 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2017. |
| ** |
Percentages are annualized. |
For the Three Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
UltraShort
Bloomberg
Crude Oil* |
|
|
UltraShort
Bloomberg
Natural Gas |
|
|
UltraShort Euro |
|
|
UltraShort Gold |
|
|
UltraShort
Silver |
|
|
UltraShort Yen |
|
|
Net asset value, at March 31, 2017
|
|
$ |
36.70 |
|
|
$ |
29.24 |
|
|
$ |
26.42 |
|
|
$ |
76.40 |
|
|
$ |
29.38 |
|
|
$ |
72.55 |
|
|
Net investment income (loss)
|
|
|
(0.03 |
) |
|
|
(0.06 |
) |
|
|
(0.01 |
) |
|
|
(0.04 |
) |
|
|
(0.02 |
) |
|
|
(0.04 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
6.76 |
|
|
|
3.98 |
|
|
|
(3.29 |
) |
|
|
(0.06 |
) |
|
|
5.39 |
|
|
|
1.56 |
|
|
Change in net asset value from operations
|
|
|
6.73 |
|
|
|
3.92 |
|
|
|
(3.30 |
) |
|
|
(0.10 |
) |
|
|
5.37 |
|
|
|
1.52 |
|
|
Net asset value, at June 30, 2017
|
|
$ |
43.43 |
|
|
$ |
33.16 |
|
|
$ |
23.12 |
|
|
$ |
76.30 |
|
|
$ |
34.75 |
|
|
$ |
74.07 |
|
|
Market value per share, at March 31, 2017†
|
|
$ |
36.57 |
|
|
$ |
29.25 |
|
|
$ |
26.39 |
|
|
$ |
75.93 |
|
|
$ |
28.90 |
|
|
$ |
72.50 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
43.21 |
|
|
$ |
33.33 |
|
|
$ |
23.12 |
|
|
$ |
76.37 |
|
|
$ |
34.09 |
|
|
$ |
74.05 |
|
|
Total Return, at net asset value^
|
|
|
18.3 |
% |
|
|
13.4 |
% |
|
|
(12.5 |
)% |
|
|
(0.1 |
)% |
|
|
18.3 |
% |
|
|
2.1 |
% |
|
Total Return, at market value^
|
|
|
18.2 |
% |
|
|
13.9 |
% |
|
|
(12.4 |
)% |
|
|
0.6 |
% |
|
|
18.0 |
% |
|
|
2.1 |
% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
1.00 |
% |
|
|
1.31 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
(0.30 |
)% |
|
|
(0.81 |
)% |
|
|
(0.19 |
)% |
|
|
(0.21 |
)% |
|
|
(0.27 |
)% |
|
|
(0.20 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2017. |
| ** |
Percentages are annualized. |
For the Three Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
VIX Mid-Term
Futures ETF |
|
|
VIX Short-Term
Futures ETF* |
|
|
Net asset value, at March 31, 2017
|
|
$ |
31.90 |
|
|
$ |
52.72 |
|
|
Net investment income (loss)
|
|
|
(0.02 |
) |
|
|
(0.04 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(4.42 |
) |
|
|
(9.99 |
) |
|
Change in net asset value from operations
|
|
|
(4.44 |
) |
|
|
(10.03 |
) |
|
Net asset value, at June 30, 2017
|
|
$ |
27.46 |
|
|
$ |
42.69 |
|
|
Market value per share, at March 31, 2017†
|
|
$ |
31.95 |
|
|
$ |
52.68 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
27.43 |
|
|
$ |
42.52 |
|
|
Total Return, at net asset value^
|
|
|
(13.9 |
)% |
|
|
(19.0 |
)% |
|
Total Return, at market value^
|
|
|
(14.1 |
)% |
|
|
(19.3 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.87 |
% |
|
|
0.97 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.85 |
% |
|
|
0.85 |
% |
|
Net investment income (loss)
|
|
|
(0.28 |
)% |
|
|
(0.30 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2017. |
| ** |
Percentages are annualized. |
Selected data for a Share outstanding throughout the six months
ended June 30, 2018:
For the Six Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Short Euro |
|
|
Short VIX
Short-Term
Futures ETF |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra
Bloomberg
Natural Gas* |
|
|
Ultra Euro |
|
|
Ultra Gold |
|
|
Net asset value, at December 31, 2017
|
|
$ |
39.96 |
|
|
$ |
127.30 |
|
|
$ |
23.66 |
|
|
$ |
32.64 |
|
|
$ |
17.44 |
|
|
$ |
39.88 |
|
|
Net investment income (loss)
|
|
|
0.04 |
|
|
|
(0.05 |
) |
|
|
0.06 |
|
|
|
0.02 |
|
|
|
0.01 |
|
|
|
0.11 |
|
|
Net realized and unrealized gain (loss)#
|
|
|
1.60 |
|
|
|
(114.48 |
) |
|
|
10.61 |
|
|
|
(3.38 |
) |
|
|
(1.36 |
) |
|
|
(3.50 |
) |
|
Change in net asset value from operations
|
|
|
1.64 |
|
|
|
(114.53 |
) |
|
|
10.67 |
|
|
|
(3.36 |
) |
|
|
(1.35 |
) |
|
|
(3.39 |
) |
|
Net asset value, at June 30, 2018
|
|
$ |
41.60 |
|
|
$ |
12.77 |
|
|
$ |
34.33 |
|
|
$ |
29.28 |
|
|
$ |
16.09 |
|
|
$ |
36.49 |
|
|
Market value per share, at December 31, 2017†
|
|
$ |
39.99 |
|
|
$ |
128.21 |
|
|
$ |
23.44 |
|
|
$ |
32.50 |
|
|
$ |
17.46 |
|
|
$ |
40.67 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
41.53 |
|
|
$ |
12.72 |
|
|
$ |
34.38 |
|
|
$ |
29.27 |
|
|
$ |
16.06 |
|
|
$ |
36.56 |
|
|
Total Return, at net asset value^
|
|
|
4.1 |
% |
|
|
(90.0 |
)% |
|
|
45.1 |
% |
|
|
(10.3 |
)% |
|
|
(7.7 |
)% |
|
|
(8.5 |
)% |
|
Total Return, at market value^
|
|
|
3.9 |
% |
|
|
(90.1 |
)% |
|
|
46.7 |
% |
|
|
(9.9 |
)% |
|
|
(8.0 |
)% |
|
|
(10.1 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.97 |
% |
|
|
1.44 |
% |
|
|
0.97 |
% |
|
|
1.22 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
0.22 |
% |
|
|
(0.63 |
)% |
|
|
0.45 |
% |
|
|
0.16 |
% |
|
|
0.10 |
% |
|
|
0.56 |
% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
For the Six Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Ultra Silver |
|
|
Ultra VIX
Short-Term
Futures ETF |
|
|
Ultra Yen |
|
|
UltraPro 3x
Crude Oil ETF |
|
|
UltraPro 3x
Short Crude Oil
ETF* |
|
|
UltraShort
Australian
Dollar |
|
|
Net asset value, at December 31, 2017
|
|
$ |
33.55 |
|
|
$ |
10.33 |
|
|
$ |
57.32 |
|
|
$ |
37.78 |
|
|
$ |
42.32 |
|
|
$ |
45.67 |
|
|
Net investment income (loss)
|
|
|
0.08 |
|
|
|
(0.07 |
) |
|
|
(0.11 |
) |
|
|
(0.27 |
) |
|
|
(0.17 |
) |
|
|
0.03 |
|
|
Net realized and unrealized gain (loss)#
|
|
|
(4.25 |
) |
|
|
1.99 |
|
|
|
0.67 |
|
|
|
25.27 |
|
|
|
(22.84 |
) |
|
|
4.82 |
|
|
Change in net asset value from operations
|
|
|
(4.17 |
) |
|
|
1.92 |
|
|
|
0.56 |
|
|
|
25.00 |
|
|
|
(23.01 |
) |
|
|
4.85 |
|
|
Net asset value, at June 30, 2018
|
|
$ |
29.38 |
|
|
$ |
12.25 |
|
|
$ |
57.88 |
|
|
$ |
62.78 |
|
|
$ |
19.31 |
|
|
$ |
50.52 |
|
|
Market value per share, at December 31, 2017†
|
|
$ |
33.85 |
|
|
$ |
10.21 |
|
|
$ |
57.45 |
|
|
$ |
37.23 |
|
|
$ |
42.88 |
|
|
$ |
45.72 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
29.66 |
|
|
$ |
12.34 |
|
|
$ |
58.33 |
|
|
$ |
63.02 |
|
|
$ |
19.27 |
|
|
$ |
51.20 |
|
|
Total Return, at net asset value^
|
|
|
(12.4 |
)% |
|
|
18.6 |
% |
|
|
1.0 |
% |
|
|
66.2 |
% |
|
|
(54.4 |
)% |
|
|
10.6 |
% |
|
Total Return, at market value^
|
|
|
(12.4 |
)% |
|
|
20.9 |
% |
|
|
1.5 |
% |
|
|
69.3 |
% |
|
|
(55.1 |
)% |
|
|
12.0 |
% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.95 |
% |
|
|
1.74 |
% |
|
|
0.95 |
% |
|
|
1.18 |
% |
|
|
1.22 |
% |
|
|
1.02 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
0.52 |
% |
|
|
(1.11 |
)% |
|
|
(0.37 |
)% |
|
|
(1.12 |
)% |
|
|
(1.16 |
)% |
|
|
0.13 |
% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
For the Six Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort
Bloomberg
Natural Gas |
|
|
UltraShort
Euro |
|
|
UltraShort
Gold |
|
|
UltraShort
Silver |
|
|
UltraShort Yen |
|
|
Net asset value, at December 31, 2017
|
|
$ |
24.31 |
|
|
$ |
39.48 |
|
|
$ |
21.21 |
|
|
$ |
70.47 |
|
|
$ |
31.71 |
|
|
$ |
74.93 |
|
|
Net investment income (loss)
|
|
|
0.05 |
|
|
|
(0.08 |
) |
|
|
0.05 |
|
|
|
0.17 |
|
|
|
0.07 |
|
|
|
0.18 |
|
|
Net realized and unrealized gain (loss)#
|
|
|
(9.43 |
) |
|
|
(0.81 |
) |
|
|
1.53 |
|
|
|
5.01 |
|
|
|
2.99 |
|
|
|
(1.62 |
) |
|
Change in net asset value from operations
|
|
|
(9.38 |
) |
|
|
(0.89 |
) |
|
|
1.58 |
|
|
|
5.18 |
|
|
|
3.06 |
|
|
|
(1.44 |
) |
|
Net asset value, at June 30, 2018
|
|
$ |
14.93 |
|
|
$ |
38.59 |
|
|
$ |
22.79 |
|
|
$ |
75.65 |
|
|
$ |
34.77 |
|
|
$ |
73.49 |
|
|
Market value per share, at December 31, 2017†
|
|
$ |
24.56 |
|
|
$ |
39.65 |
|
|
$ |
21.20 |
|
|
$ |
69.11 |
|
|
$ |
31.40 |
|
|
$ |
74.98 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
14.91 |
|
|
$ |
38.62 |
|
|
$ |
22.79 |
|
|
$ |
75.39 |
|
|
$ |
34.40 |
|
|
$ |
73.44 |
|
|
Total Return, at net asset value^
|
|
|
(38.6 |
)% |
|
|
(2.3 |
)% |
|
|
7.4 |
% |
|
|
7.4 |
% |
|
|
9.6 |
% |
|
|
(1.9 |
)% |
|
Total Return, at market value^
|
|
|
(39.3 |
)% |
|
|
(2.6 |
)% |
|
|
7.5 |
% |
|
|
9.1 |
% |
|
|
9.6 |
% |
|
|
(2.1 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.98 |
% |
|
|
1.39 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
0.53 |
% |
|
|
(0.39 |
)% |
|
|
0.51 |
% |
|
|
0.49 |
% |
|
|
0.45 |
% |
|
|
0.51 |
% |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
For the Six Months Ended June 30, 2018
(unaudited)
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
VIX Mid-Term
Futures ETF |
|
|
VIX Short-Term
Futures ETF |
|
|
Net asset value, at December 31, 2017
|
|
$ |
21.29 |
|
|
$ |
23.34 |
|
|
Net investment income (loss)
|
|
|
(0.00 |
)(1) |
|
|
(0.02 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
1.74 |
|
|
|
7.10 |
|
|
Change in net asset value from operations
|
|
|
1.74 |
|
|
|
7.08 |
|
|
Net asset value, at June 30, 2018
|
|
$ |
23.03 |
|
|
$ |
30.42 |
|
|
Market value per share, at December 31, 2017†
|
|
$ |
21.15 |
|
|
$ |
23.15 |
|
|
Market value per share, at June 30, 2018†
|
|
$ |
23.02 |
|
|
$ |
30.52 |
|
|
Total Return, at net asset value^
|
|
|
8.2 |
% |
|
|
30.3 |
% |
|
Total Return, at market value^
|
|
|
8.8 |
% |
|
|
31.8 |
% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.98 |
% |
|
|
1.03 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.85 |
% |
|
|
0.85 |
% |
|
Net investment income (loss)
|
|
|
(0.01 |
)% |
|
|
(0.12 |
)% |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2018. |
| ** |
Percentages are annualized. |
| (1) |
Amount represents less than
$0.005. |
Selected data for a Share outstanding throughout the six months
ended June 30, 2017:
For the Six Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Short Euro |
|
|
Short VIX
Short-Term
Futures ETF* |
|
|
Ultra Bloomberg
Crude Oil* |
|
|
Ultra Bloomberg
Natural Gas* |
|
|
Ultra Euro |
|
|
Ultra Gold |
|
|
Net asset value, at December 31, 2016
|
|
$ |
45.06 |
|
|
$ |
45.62 |
|
|
$ |
23.34 |
|
|
$ |
94.24 |
|
|
$ |
14.02 |
|
|
$ |
32.90 |
|
|
Net investment income (loss)
|
|
|
(0.10 |
) |
|
|
(0.33 |
) |
|
|
(0.03 |
) |
|
|
(0.20 |
) |
|
|
(0.03 |
) |
|
|
(0.06 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(3.22 |
) |
|
|
34.82 |
|
|
|
(8.50 |
) |
|
|
(45.19 |
) |
|
|
2.17 |
|
|
|
4.91 |
|
|
Change in net asset value from operations
|
|
|
(3.32 |
) |
|
|
34.49 |
|
|
|
(8.53 |
) |
|
|
(45.39 |
) |
|
|
2.14 |
|
|
|
4.85 |
|
|
Net asset value, at June 30, 2017
|
|
$ |
41.74 |
|
|
$ |
80.11 |
|
|
$ |
14.80 |
|
|
$ |
48.85 |
|
|
$ |
16.16 |
|
|
$ |
37.75 |
|
|
Market value per share, at December 31, 2016†
|
|
$ |
45.12 |
|
|
$ |
45.49 |
|
|
$ |
23.36 |
|
|
$ |
94.80 |
|
|
$ |
14.09 |
|
|
$ |
33.20 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
41.71 |
|
|
$ |
80.64 |
|
|
$ |
14.86 |
|
|
$ |
48.70 |
|
|
$ |
16.17 |
|
|
$ |
37.68 |
|
|
Total Return, at net asset value^
|
|
|
(7.4 |
)% |
|
|
75.6 |
% |
|
|
(36.6 |
)% |
|
|
(48.2 |
)% |
|
|
15.3 |
% |
|
|
14.7 |
% |
|
Total Return, at market value^
|
|
|
(7.6 |
)% |
|
|
77.3 |
% |
|
|
(36.4 |
)% |
|
|
(48.6 |
)% |
|
|
14.8 |
% |
|
|
13.5 |
% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.96 |
% |
|
|
1.54 |
% |
|
|
0.98 |
% |
|
|
1.17 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
(0.45 |
)% |
|
|
(0.96 |
)% |
|
|
(0.35 |
)% |
|
|
(0.68 |
)% |
|
|
(0.36 |
)% |
|
|
(0.34 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period ended June 30, 2017. |
| ** |
Percentages are annualized. |
For the Six Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
Ultra Silver |
|
|
Ultra VIX
Short-Term
Futures ETF* |
|
|
Ultra Yen |
|
|
UltraPro 3x
Crude Oil ETF+ |
|
|
UltraPro 3x
Short Crude Oil
ETF*+ |
|
|
UltraShort
Australian
Dollar |
|
|
Net asset value, at December 31, 2016
|
|
$ |
33.44 |
|
|
$ |
173.93 |
|
|
$ |
55.43 |
|
|
$ |
25.00 |
|
|
$ |
100.00 |
|
|
$ |
55.38 |
|
|
Net investment income (loss)
|
|
|
(0.06 |
) |
|
|
(0.42 |
) |
|
|
(0.17 |
) |
|
|
(0.08 |
) |
|
|
(0.36 |
) |
|
|
(0.13 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(0.15 |
) |
|
|
(134.19 |
) |
|
|
3.42 |
|
|
|
(5.40 |
) |
|
|
6.20 |
|
|
|
(7.35 |
) |
|
Change in net asset value from operations
|
|
|
(0.21 |
) |
|
|
(134.61 |
) |
|
|
3.26 |
|
|
|
(5.48 |
) |
|
|
5.84 |
|
|
|
(7.48 |
) |
|
Net asset value, at June 30, 2017
|
|
$ |
33.23 |
|
|
$ |
39.32 |
|
|
$ |
58.68 |
|
|
$ |
19.52 |
|
|
$ |
105.84 |
|
|
$ |
47.90 |
|
|
Market value per share, at December 31, 2016†
|
|
$ |
32.09 |
|
|
$ |
175.00 |
|
|
$ |
55.52 |
|
|
$ |
25.00 |
|
|
$ |
100.00 |
|
|
$ |
55.24 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
33.82 |
|
|
$ |
38.96 |
|
|
$ |
58.68 |
|
|
$ |
19.68 |
|
|
$ |
104.96 |
|
|
$ |
47.80 |
|
|
Total Return, at net asset value^
|
|
|
(0.6 |
)% |
|
|
(77.4 |
)% |
|
|
5.9 |
% |
|
|
(21.9 |
)% |
|
|
5.8 |
% |
|
|
(13.5 |
)% |
|
Total Return, at market value^
|
|
|
5.4 |
% |
|
|
(77.7 |
)% |
|
|
5.7 |
% |
|
|
(21.3 |
)% |
|
|
5.0 |
% |
|
|
(13.5 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.95 |
% |
|
|
1.81 |
% |
|
|
0.95 |
% |
|
|
1.29 |
% |
|
|
1.37 |
% |
|
|
1.01 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
(0.33 |
)% |
|
|
(1.31 |
)% |
|
|
(0.57 |
)% |
|
|
(1.29 |
)% |
|
|
(1.37 |
)% |
|
|
(0.53 |
)% |
| * |
See Note 1 of these Notes to Financial Statements.
|
| + |
From commencement of operations, March 24, 2017
through June 30, 2017.
|
| # |
The amount shown for a share outstanding throughout
the period may not accord with the change in aggregate gains and
losses during the period because of timing of creation and
redemption units in relation to fluctuating net asset value during
the period.
|
| † |
Market values are determined at the close of the New
York Stock Exchange, which may be later than when the Funds’
net asset value is calculated.
|
| ^ |
Percentages are not annualized for the period ended
June 30, 2017. For ProShares UltraPro 3x Crude Oil ETF and
ProShares UltraPro 3x Short Crude Oil ETF the returns shares
outstanding for the period from commencement of operations through
June 30, 2017 are calculated based on the initial offering
price upon commencement of operations of $25.00 and $100.00
respectively.
|
| ** |
Percentages are annualized.
|
For the Six Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
UltraShort
Bloomberg
Crude Oil* |
|
|
UltraShort
Bloomberg
Natural Gas |
|
|
UltraShort Euro |
|
|
UltraShort Gold |
|
|
UltraShort
Silver |
|
|
UltraShort Yen |
|
|
Net asset value, at December 31, 2016
|
|
$ |
31.70 |
|
|
$ |
23.10 |
|
|
$ |
27.08 |
|
|
$ |
91.33 |
|
|
$ |
37.31 |
|
|
$ |
80.24 |
|
|
Net investment income (loss)
|
|
|
(0.08 |
) |
|
|
(0.13 |
) |
|
|
(0.04 |
) |
|
|
(0.13 |
) |
|
|
(0.06 |
) |
|
|
(0.13 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
11.81 |
|
|
|
10.20 |
|
|
|
(3.92 |
) |
|
|
(14.90 |
) |
|
|
(2.50 |
) |
|
|
(6.04 |
) |
|
Change in net asset value from operations
|
|
|
11.74 |
|
|
|
10.06 |
|
|
|
(3.96 |
) |
|
|
(15.03 |
) |
|
|
(2.56 |
) |
|
|
(6.17 |
) |
|
Net asset value, at June 30, 2017
|
|
$ |
43.43 |
|
|
$ |
33.16 |
|
|
$ |
23.12 |
|
|
$ |
76.30 |
|
|
$ |
34.75 |
|
|
$ |
74.07 |
|
|
Market value per share, at December 31, 2016†
|
|
$ |
31.65 |
|
|
$ |
23.05 |
|
|
$ |
27.08 |
|
|
$ |
90.54 |
|
|
$ |
38.76 |
|
|
$ |
80.25 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
43.21 |
|
|
$ |
33.33 |
|
|
$ |
23.12 |
|
|
$ |
76.37 |
|
|
$ |
34.09 |
|
|
$ |
74.05 |
|
|
Total Return, at net asset value^
|
|
|
37.0 |
% |
|
|
43.6 |
% |
|
|
(14.6 |
)% |
|
|
(16.5 |
)% |
|
|
(6.9 |
)% |
|
|
(7.7 |
)% |
|
Total Return, at market value^
|
|
|
36.5 |
% |
|
|
44.6 |
% |
|
|
(14.6 |
)% |
|
|
(15.6 |
)% |
|
|
(12.0 |
)% |
|
|
(7.7 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.98 |
% |
|
|
1.30 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
|
0.95 |
% |
|
Net investment income (loss)
|
|
|
(0.43 |
)% |
|
|
(0.89 |
)% |
|
|
(0.33 |
)% |
|
|
(0.34 |
)% |
|
|
(0.37 |
)% |
|
|
(0.36 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated |
| ^ |
Percentages are not annualized for
the period ended June 30, 2017. |
| ** |
Percentages are annualized. |
For the Six Months Ended June 30, 2017
(unaudited)
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance
|
|
VIX Mid-Term
Futures ETF |
|
|
VIX Short-Term
Futures ETF* |
|
|
Net asset value, at December 31, 2016
|
|
$ |
42.14 |
|
|
$ |
84.86 |
|
|
Net investment income (loss)
|
|
|
(0.06 |
) |
|
|
(0.11 |
) |
|
Net realized and unrealized gain (loss)#
|
|
|
(14.61 |
) |
|
|
(42.06 |
) |
|
Change in net asset value from operations
|
|
|
(14.67 |
) |
|
|
(42.17 |
) |
|
Net asset value, at June 30, 2017
|
|
$ |
27.46 |
|
|
$ |
42.69 |
|
|
Market value per share, at December 31, 2016†
|
|
$ |
42.34 |
|
|
$ |
85.04 |
|
|
Market value per share, at June 30, 2017†
|
|
$ |
27.43 |
|
|
$ |
42.52 |
|
|
Total Return, at net asset value^
|
|
|
(34.8 |
)% |
|
|
(49.7 |
)% |
|
Total Return, at market value^
|
|
|
(35.2 |
)% |
|
|
(50.0 |
)% |
|
Ratios to Average Net Assets**
|
|
|
|
|
|
|
|
|
|
Expense ratio
|
|
|
0.88 |
% |
|
|
0.96 |
% |
|
Expense ratio, excluding brokerage commissions
|
|
|
0.85 |
% |
|
|
0.85 |
% |
|
Net investment income (loss)
|
|
|
(0.37 |
)% |
|
|
(0.40 |
)% |
| * |
See Note 1 of these Notes to
Financial Statements. |
| # |
The amount shown for a share
outstanding throughout the period may not accord with the change in
aggregate gains and losses during the period because of timing of
creation and redemption units in relation to fluctuating net asset
value during the period. |
| † |
Market values are determined at the
close of the New York Stock Exchange, which may be later than when
the Funds’ net asset value is calculated. |
| ^ |
Percentages are not annualized for
the period June 30, 2017. |
| ** |
Percentages are annualized. |
|