| Financial Highlights |
NOTE 6 – FINANCIAL HIGHLIGHTS Selected data for a Share outstanding throughout the year ended December 31, 2023: For the Year Ended December 31, 2023
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Per Share Operating
Performance |
|
Short VIX Short-Term Futures ETF |
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|
Ultra
Bloomberg
Crude Oil |
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|
Ultra Bloomberg Natural Gas * |
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|
Net asset value, at December 31, 2022 |
|
$ |
58.71 |
|
|
$ |
30.26 |
|
|
$ |
363.08 |
|
|
$ |
11.27 |
|
|
$ |
55.09 |
|
|
$ |
31.75 |
|
Net investment income (loss) |
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|
2.11 |
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|
0.60 |
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|
|
1.43 |
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|
0.38 |
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|
1.81 |
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|
0.75 |
|
Net realized and unrealized gain (loss)# |
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|
42.57 |
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|
(4.58 |
) |
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|
(335.96 |
) |
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|
0.21 |
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|
6.93 |
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|
(5.21 |
) |
Change in net asset value from operations |
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|
44.68 |
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|
(3.98 |
) |
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|
(334.53 |
) |
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|
0.59 |
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|
8.74 |
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|
(4.46 |
) |
Net asset value, at December 31, 2023 |
|
$ |
103.39 |
|
|
$ |
26.28 |
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|
$ |
28.55 |
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|
$ |
11.86 |
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|
$ |
63.83 |
|
|
$ |
27.29 |
|
Market value per share, at December 31, 2022 |
|
$ |
58.68 |
|
|
$ |
30.31 |
|
|
$ |
355.60 |
|
|
$ |
11.26 |
|
|
$ |
55.27 |
|
|
$ |
32.00 |
|
Market value per share, at December 31, 2023 |
|
$ |
103.40 |
|
|
$ |
26.10 |
|
|
$ |
28.44 |
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|
$ |
11.84 |
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|
$ |
63.87 |
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|
$ |
27.17 |
|
Total Return, at net asset value |
|
|
76.1 |
% |
|
|
(13.2 |
)% |
|
|
(92.1 |
)% |
|
|
5.2 |
% |
|
|
15.9 |
% |
|
|
(14.1 |
)% |
Total Return, at market value |
|
|
76.2 |
% |
|
|
(13.9 |
)% |
|
|
(92.0 |
)% |
|
|
5.2 |
% |
|
|
15.6 |
% |
|
|
(15.1 |
)% |
Ratios to Average Net Assets |
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Expense ratio^^ |
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1.16 |
% |
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|
0.99 |
% |
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|
1.38 |
% |
|
|
0.95 |
% |
|
|
0.96 |
% |
|
|
0.98 |
% |
Net investment income gain (loss) |
|
|
2.74 |
% |
|
|
2.16 |
% |
|
|
2.24 |
% |
|
|
3.29 |
% |
|
|
3.02 |
% |
|
|
2.64 |
% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | For the Year Ended December 31, 2023
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Per Share Operating
Performance |
|
Ultra VIX Short-Term Futures ETF * |
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|
UltraShort
Bloomberg
Crude Oil |
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UltraShort
Bloomberg
Natural Gas |
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Net asset value, at December 31, 2022 |
|
$ |
68.69 |
|
|
$ |
34.54 |
|
|
$ |
23.93 |
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|
$ |
27.00 |
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|
$ |
29.46 |
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|
$ |
31.10 |
|
Net investment income (loss) |
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|
0.42 |
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|
0.96 |
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|
0.70 |
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|
1.55 |
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|
0.97 |
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|
0.83 |
|
Net realized and unrealized gain (loss)# |
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|
(60.68 |
) |
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|
(8.04 |
) |
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|
(3.88 |
) |
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|
67.55 |
|
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|
(1.27 |
) |
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|
(5.54 |
) |
Change in net asset value from operations |
|
|
(60.26 |
) |
|
|
(7.08 |
) |
|
|
(3.18 |
) |
|
|
69.10 |
|
|
|
(0.30 |
) |
|
|
(4.71 |
) |
Net asset value, at December 31, 2023 |
|
$ |
8.43 |
|
|
$ |
27.46 |
|
|
$ |
20.75 |
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|
$ |
96.10 |
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|
$ |
29.16 |
|
|
$ |
26.39 |
|
Market value per share, at December 31, 2022 |
|
$ |
68.60 |
|
|
$ |
34.56 |
|
|
$ |
23.85 |
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|
$ |
27.56 |
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|
$ |
29.45 |
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|
$ |
30.99 |
|
Market value per share, at December 31, 2023 |
|
$ |
8.44 |
|
|
$ |
27.49 |
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|
$ |
20.89 |
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|
$ |
96.41 |
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|
$ |
29.15 |
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|
$ |
26.37 |
|
Total Return, at net asset value |
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|
(87.7 |
)% |
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|
(20.5 |
)% |
|
|
(13.3 |
)% |
|
|
255.9 |
% |
|
|
(1.0 |
)% |
|
|
(15.2 |
)% |
Total Return, at market value |
|
|
(87.7 |
)% |
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|
(20.5 |
)% |
|
|
(12.4 |
)% |
|
|
249.8 |
% |
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|
(1.0 |
)% |
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|
(14.9 |
)% |
Ratios to Average Net Assets |
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Expense ratio^^ |
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|
1.61 |
% |
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|
0.95 |
% |
|
|
1.07 |
% |
|
|
1.66 |
% |
|
|
0.95 |
% |
|
|
0.98 |
% |
Net investment income gain (loss) |
|
|
1.84 |
% |
|
|
3.40 |
% |
|
|
3.28 |
% |
|
|
2.63 |
% |
|
|
3.28 |
% |
|
|
2.95 |
% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | For the Year Ended December 31, 2023
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Per Share Operating
Performance |
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|
|
VIX Short- Term Futures ETF * |
|
Net asset value, at December 31, 2022 |
|
$ |
19.46 |
|
|
$ |
53.68 |
|
|
$ |
30.41 |
|
|
$ |
57.00 |
|
Net investment income (loss) |
|
|
0.50 |
|
|
|
2.15 |
|
|
|
0.71 |
|
|
|
0.86 |
|
Net realized and unrealized gain (loss)# |
|
|
(1.82 |
) |
|
|
13.05 |
|
|
|
(14.38 |
) |
|
|
(42.36 |
) |
Change in net asset value from operations |
|
|
(1.32 |
) |
|
|
15.20 |
|
|
|
(13.67 |
) |
|
|
(41.50 |
) |
Net asset value, at December 31, 2023 |
|
$ |
18.14 |
|
|
$ |
68.88 |
|
|
$ |
16.74 |
|
|
$ |
15.50 |
|
Market value per share, at December 31, 2022 |
|
$ |
19.30 |
|
|
$ |
53.57 |
|
|
$ |
30.36 |
|
|
$ |
56.90 |
|
Market value per share, at December 31, 2023 |
|
$ |
18.24 |
|
|
$ |
68.94 |
|
|
$ |
16.75 |
|
|
$ |
15.51 |
|
Total Return, at net asset value |
|
|
(6.8 |
)% |
|
|
28.3 |
% |
|
|
(45.0 |
)% |
|
|
(72.8 |
)% |
Total Return, at market value |
|
|
(5.5 |
)% |
|
|
28.7 |
% |
|
|
(44.8 |
)% |
|
|
(72.7 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
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|
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|
|
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|
|
Expense ratio^^ |
|
|
1.08 |
% |
|
|
0.95 |
% |
|
|
0.99 |
% |
|
|
1.07 |
% |
Net investment income gain (loss) |
|
|
2.61 |
% |
|
|
3.33 |
% |
|
|
3.12 |
% |
|
|
2.93 |
% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.85% and 0.85%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | Selected data for a Share outstanding throughout the year ended December 31, 2022: For the Year Ended December 31, 2022
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|
Per Share Operating
Performance |
|
Short VIX Short-Term Futures ETF |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra Bloomberg Natural Gas * |
|
|
|
|
|
|
|
|
|
|
Net asset value, at December 31, 2021 |
|
$ |
61.56 |
|
|
$ |
21.54 |
|
|
$ |
511.08 |
|
|
$ |
13.32 |
|
|
$ |
59.69 |
|
|
$ |
34.84 |
|
Net investment income (loss) |
|
|
(0.19 |
) |
|
|
(0.08 |
) |
|
|
2.55 |
|
|
|
0.05 |
|
|
|
(0.01 |
) |
|
|
(0.02 |
) |
Net realized and unrealized gain (loss)# |
|
|
(2.66 |
) |
|
|
8.80 |
|
|
|
(150.55 |
) |
|
|
(2.10 |
) |
|
|
(4.59 |
) |
|
|
(3.07 |
) |
Change in net asset value from operations |
|
|
(2.85 |
) |
|
|
8.72 |
|
|
|
(148.00 |
) |
|
|
(2.05 |
) |
|
|
(4.60 |
) |
|
|
(3.09 |
) |
Net asset value, at December 31, 2022 |
|
$ |
58.71 |
|
|
$ |
30.26 |
|
|
$ |
363.08 |
|
|
$ |
11.27 |
|
|
$ |
55.09 |
|
|
$ |
31.75 |
|
Market value per share, at December 31, 2021 |
|
$ |
61.55 |
|
|
$ |
21.70 |
|
|
$ |
521.80 |
|
|
$ |
13.33 |
|
|
$ |
59.81 |
|
|
$ |
34.74 |
|
Market value per share, at December 31, 2022 |
|
$ |
58.68 |
|
|
$ |
30.31 |
|
|
$ |
355.60 |
|
|
$ |
11.26 |
|
|
$ |
55.27 |
|
|
$ |
32.00 |
|
Total Return, at net asset value |
|
|
(4.6 |
)% |
|
|
40.5 |
% |
|
|
(29.0 |
)% |
|
|
(15.4 |
)% |
|
|
(7.7 |
)% |
|
|
(8.9 |
)% |
Total Return, at market value |
|
|
(4.7 |
)% |
|
|
39.7 |
% |
|
|
(31.9 |
)% |
|
|
(15.5 |
)% |
|
|
(7.6 |
)% |
|
|
(7.9 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio^^ |
|
|
1.21 |
% |
|
|
1.04 |
% |
|
|
1.27 |
% |
|
|
0.96 |
% |
|
|
0.99 |
% |
|
|
0.99 |
% |
Net investment income gain (loss) |
|
|
(0.35 |
)% |
|
|
(0.22 |
)% |
|
|
0.27 |
% |
|
|
0.46 |
% |
|
|
(0.01 |
)% |
|
|
(0.08 |
)% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | For the Year Ended December 31, 2022
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|
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|
|
| |
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|
|
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|
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|
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|
|
Net asset value, at December 31, 2021 |
|
$ |
124.06 |
|
|
$ |
47.29 |
|
|
$ |
64.26 |
|
|
$ |
247.40 |
|
Net investment income (loss) |
|
|
(0.76 |
) |
|
|
0.26 |
|
|
|
0.01 |
|
|
|
(0.06 |
) |
Net realized and unrealized gain (loss)# |
|
|
(54.61 |
) |
|
|
(13.01 |
) |
|
|
(40.34 |
) |
|
|
(220.34 |
) |
Change in net asset value from operations |
|
|
(55.37 |
) |
|
|
(12.75 |
) |
|
|
(40.33 |
) |
|
|
(220.40 |
) |
Net asset value, at December 31, 2022 |
|
$ |
68.69 |
|
|
$ |
34.54 |
|
|
$ |
23.93 |
|
|
$ |
27.00 |
|
Market value per share, at December 31, 2021 |
|
$ |
124.30 |
|
|
$ |
47.29 |
|
|
$ |
63.75 |
|
|
$ |
242.20 |
|
Market value per share, at December 31, 2022 |
|
$ |
68.60 |
|
|
$ |
34.56 |
|
|
$ |
23.85 |
|
|
$ |
27.56 |
|
Total Return, at net asset value |
|
|
(44.6 |
)% |
|
|
(27.0 |
)% |
|
|
(62.8 |
)% |
|
|
(89.1 |
)% |
Total Return, at market value |
|
|
(44.8 |
)% |
|
|
(26.9 |
)% |
|
|
(62.6 |
)% |
|
|
(88.6 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio^^ |
|
|
1.56 |
% |
|
|
0.96 |
% |
|
|
1.14 |
% |
|
|
1.37 |
% |
Net investment income gain (loss) |
|
|
(0.63 |
)% |
|
|
0.80 |
% |
|
|
0.04 |
% |
|
|
(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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | For the Year Ended December 31, 2022
|
|
|
|
|
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|
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|
|
|
|
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|
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| |
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|
|
Net asset value, at December 31, 2021 |
|
$ |
25.84 |
|
|
$ |
31.71 |
|
|
$ |
26.77 |
|
|
$ |
41.50 |
|
|
$ |
30.61 |
|
|
$ |
75.62 |
|
Net investment income (loss) |
|
|
0.10 |
|
|
|
(0.07 |
) |
|
|
(0.07 |
) |
|
|
0.17 |
|
|
|
(0.03 |
) |
|
|
(0.10 |
) |
Net realized and unrealized gain (loss)# |
|
|
3.52 |
|
|
|
(0.54 |
) |
|
|
(7.24 |
) |
|
|
12.01 |
|
|
|
(0.17 |
) |
|
|
(18.52 |
) |
Change in net asset value from operations |
|
|
3.62 |
|
|
|
(0.61 |
) |
|
|
(7.31 |
) |
|
|
12.18 |
|
|
|
(0.20 |
) |
|
|
(18.62 |
) |
Net asset value, at December 31, 2022 |
|
$ |
29.46 |
|
|
$ |
31.10 |
|
|
$ |
19.46 |
|
|
$ |
53.68 |
|
|
$ |
30.41 |
|
|
$ |
57.00 |
|
Market value per share, at December 31, 2021 |
|
$ |
25.86 |
|
|
$ |
31.66 |
|
|
$ |
26.84 |
|
|
$ |
41.50 |
|
|
$ |
30.57 |
|
|
$ |
75.85 |
|
Market value per share, at December 31, 2022 |
|
$ |
29.45 |
|
|
$ |
30.99 |
|
|
$ |
19.30 |
|
|
$ |
53.57 |
|
|
$ |
30.36 |
|
|
$ |
56.90 |
|
Total Return, at net asset value |
|
|
14.0 |
% |
|
|
(1.9 |
)% |
|
|
(27.3 |
)% |
|
|
29.4 |
% |
|
|
(0.7 |
)% |
|
|
(24.6 |
)% |
Total Return, at market value |
|
|
13.9 |
% |
|
|
(2.1 |
)% |
|
|
(28.1 |
)% |
|
|
29.1 |
% |
|
|
(0.7 |
)% |
|
|
(25.0 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio^^ |
|
|
0.96 |
% |
|
|
1.00 |
% |
|
|
1.08 |
% |
|
|
0.95 |
% |
|
|
1.01 |
% |
|
|
1.15 |
% |
Net investment income gain (loss) |
|
|
0.32 |
% |
|
|
(0.23 |
)% |
|
|
(0.25 |
)% |
|
|
0.31 |
% |
|
|
(0.10 |
)% |
|
|
(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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.85% and 0.85%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | Selected data for a Share outstanding throughout the year ended December 31, 2021 For the Year Ended December 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, at December 31, 2020 |
|
$ |
41.92 |
|
|
$ |
41.42 |
|
|
$ |
9.10 |
|
|
$ |
419.91 |
|
|
$ |
15.79 |
|
|
$ |
67.57 |
|
Net investment income (loss) |
|
|
(0.39 |
) |
|
|
(0.68 |
) |
|
|
(0.18 |
) |
|
|
(9.90 |
) |
|
|
(0.13 |
) |
|
|
(0.57 |
) |
Net realized and unrealized gain (loss)# |
|
|
3.38 |
|
|
|
20.82 |
|
|
|
12.62 |
|
|
|
101.07 |
|
|
|
(2.34 |
) |
|
|
(7.31 |
) |
Change in net asset value from operations |
|
|
2.99 |
|
|
|
20.14 |
|
|
|
12.44 |
|
|
|
91.17 |
|
|
|
(2.47 |
) |
|
|
(7.88 |
) |
Net asset value, at December 31, 2021 |
|
$ |
44.91 |
|
|
$ |
61.56 |
|
|
$ |
21.54 |
|
|
$ |
511.08 |
|
|
$ |
13.32 |
|
|
$ |
59.69 |
|
Market value per share, at December 31, 2020 |
|
$ |
41.35 |
|
|
$ |
41.44 |
|
|
$ |
9.07 |
|
|
$ |
421.40 |
|
|
$ |
15.81 |
|
|
$ |
68.20 |
|
Market value per share, at December 31, 2021 |
|
$ |
44.92 |
|
|
$ |
61.55 |
|
|
$ |
21.70 |
|
|
$ |
521.80 |
|
|
$ |
13.33 |
|
|
$ |
59.81 |
|
Total Return, at net asset value |
|
|
7.1 |
% |
|
|
48.6 |
% |
|
|
136.8 |
% |
|
|
21.7 |
% |
|
|
(15.6 |
)% |
|
|
(11.7 |
)% |
Total Return, at market value |
|
|
8.6 |
% |
|
|
48.5 |
% |
|
|
139.3 |
% |
|
|
23.8 |
% |
|
|
(15.7 |
)% |
|
|
(12.3 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio^^ |
|
|
0.97 |
% |
|
|
1.36 |
% |
|
|
1.10 |
% |
|
|
1.53 |
% |
|
|
0.95 |
% |
|
|
1.00 |
% |
Net investment income gain (loss) |
|
|
(0.91 |
)% |
|
|
(1.34 |
)% |
|
|
(1.06 |
)% |
|
|
(1.48 |
)% |
|
|
(0.90 |
)% |
|
|
(0.96 |
)% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | For the Year Ended December 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ultra VIX Short-Term Futures ETF * |
|
|
|
|
|
UltraShort
Australian
Dollar |
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort
Bloomberg
Natural Gas |
|
Net asset value, at December 31, 2020 |
|
$ |
50.71 |
|
|
$ |
1,066.78 |
|
|
$ |
59.83 |
|
|
$ |
44.45 |
|
|
$ |
232.23 |
|
|
$ |
951.82 |
|
Net investment income (loss) |
|
|
(0.42 |
) |
|
|
(5.94 |
) |
|
|
(0.48 |
) |
|
|
(0.46 |
) |
|
|
(1.13 |
) |
|
|
(3.93 |
) |
Net realized and unrealized gain (loss)# |
|
|
(15.45 |
) |
|
|
(936.78 |
) |
|
|
(12.06 |
) |
|
|
4.26 |
|
|
|
(166.84 |
) |
|
|
(700.49 |
) |
Change in net asset value from operations |
|
|
(15.87 |
) |
|
|
(942.72 |
) |
|
|
(12.54 |
) |
|
|
3.80 |
|
|
|
(167.97 |
) |
|
|
(704.42 |
) |
Net asset value, at December 31, 2021 |
|
$ |
34.84 |
|
|
$ |
124.06 |
|
|
$ |
47.29 |
|
|
$ |
48.25 |
|
|
$ |
64.26 |
|
|
$ |
247.40 |
|
Market value per share, at December 31, 2020 |
|
$ |
51.28 |
|
|
$ |
1,065.00 |
|
|
$ |
59.82 |
|
|
$ |
43.89 |
|
|
$ |
232.80 |
|
|
$ |
947.60 |
|
Market value per share, at December 31, 2021 |
|
$ |
34.74 |
|
|
$ |
124.30 |
|
|
$ |
47.29 |
|
|
$ |
48.41 |
|
|
$ |
63.75 |
|
|
$ |
242.20 |
|
Total Return, at net asset value |
|
|
(31.3 |
)% |
|
|
(88.4 |
)% |
|
|
(21.0 |
)% |
|
|
8.5 |
% |
|
|
(72.3 |
)% |
|
|
(74.0 |
)% |
Total Return, at market value |
|
|
(32.3 |
)% |
|
|
(88.3 |
)% |
|
|
(20.9 |
)% |
|
|
10.3 |
% |
|
|
(72.6 |
)% |
|
|
(74.4 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio^^ |
|
|
1.02 |
% |
|
|
1.74 |
% |
|
|
0.95 |
% |
|
|
1.03 |
% |
|
|
1.22 |
% |
|
|
1.56 |
% |
Net investment income gain (loss) |
|
|
(0.98 |
)% |
|
|
(1.72 |
)% |
|
|
(0.90 |
)% |
|
|
(0.98 |
)% |
|
|
(1.16 |
)% |
|
|
(1.52 |
)% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. | For the Year Ended December 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, at December 31, 2020 |
|
$ |
22.53 |
|
|
$ |
31.43 |
|
|
$ |
27.73 |
|
|
$ |
33.91 |
|
|
$ |
36.73 |
|
|
$ |
275.14 |
|
Net investment income (loss) |
|
|
(0.22 |
) |
|
|
(0.33 |
) |
|
|
(0.27 |
) |
|
|
(0.34 |
) |
|
|
(0.33 |
) |
|
|
(1.60 |
) |
Net realized and unrealized gain (loss)# |
|
|
3.53 |
|
|
|
0.61 |
|
|
|
(0.69 |
) |
|
|
7.93 |
|
|
|
(5.79 |
) |
|
|
(197.92 |
) |
Change in net asset value from operations |
|
|
3.31 |
|
|
|
0.28 |
|
|
|
(0.96 |
) |
|
|
7.59 |
|
|
|
(6.12 |
) |
|
|
(199.52 |
) |
Net asset value, at December 31, 2021 |
|
$ |
25.84 |
|
|
$ |
31.71 |
|
|
$ |
26.77 |
|
|
$ |
41.50 |
|
|
$ |
30.61 |
|
|
$ |
75.62 |
|
Market value per share, at December 31, 2020 |
|
$ |
22.52 |
|
|
$ |
31.14 |
|
|
$ |
27.40 |
|
|
$ |
33.91 |
|
|
$ |
36.70 |
|
|
$ |
274.80 |
|
Market value per share, at December 31, 2021 |
|
$ |
25.86 |
|
|
$ |
31.66 |
|
|
$ |
26.84 |
|
|
$ |
41.50 |
|
|
$ |
30.57 |
|
|
$ |
75.85 |
|
Total Return, at net asset value |
|
|
14.7 |
% |
|
|
0.9 |
% |
|
|
(3.5 |
)% |
|
|
22.4 |
% |
|
|
(16.7 |
)% |
|
|
(72.5 |
)% |
Total Return, at market value |
|
|
14.8 |
% |
|
|
1.7 |
% |
|
|
(2.0 |
)% |
|
|
22.4 |
% |
|
|
(16.7 |
)% |
|
|
(72.4 |
)% |
Ratios to Average Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense ratio^^ |
|
|
0.95 |
% |
|
|
1.03 |
% |
|
|
1.10 |
% |
|
|
0.95 |
% |
|
|
1.04 |
% |
|
|
1.21 |
% |
Net investment income gain (loss) |
|
|
(0.90 |
)% |
|
|
(0.98 |
)% |
|
|
(1.06 |
)% |
|
|
(0.90 |
)% |
|
|
(1.00 |
)% |
|
|
(1.18 |
)% |
| * |
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 applicable primary listing exchange, which may be later than when the Funds’ net asset value is calculated. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.85% and 0.85%, respectively, if non-recurring fees and expenses, and brokerage commissions and futures account fees were excluded. |
|