| Per Share Operating Performance |
Selected data for a Share outstanding throughout the three months ended June 30, 2024 For the Three Months Ended June 30, 2024 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Short VIX Short-Term Futures ETF * |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra Bloomberg Natural Gas * * |
|
|
|
|
|
|
|
|
|
|
| Net asset value, at March 31, 2024 |
|
$ |
56.38 |
|
|
$ |
33.19 |
|
|
$ |
65.67 |
|
|
$ |
11.34 |
|
|
$ |
71.99 |
|
|
$ |
28.53 |
|
| Net investment income (loss) |
|
|
0.50 |
|
|
|
0.29 |
|
|
|
0.62 |
|
|
|
0.11 |
|
|
|
0.77 |
|
|
|
0.35 |
|
| Net realized and unrealized gain (loss)# |
|
|
4.47 |
|
|
|
0.03 |
|
|
|
11.68 |
|
|
|
(0.26 |
) |
|
|
4.55 |
|
|
|
8.56 |
|
| Change in net asset value from operations |
|
|
4.97 |
|
|
|
0.32 |
|
|
|
12.30 |
|
|
|
(0.15 |
) |
|
|
5.32 |
|
|
|
8.91 |
|
| Net asset value, at June 30, 2024 |
|
$ |
61.35 |
|
|
$ |
33.51 |
|
|
$ |
77.97 |
|
|
$ |
11.19 |
|
|
$ |
77.31 |
|
|
$ |
37.44 |
|
Market value per share, at March 31, 2024 |
|
$ |
56.37 |
|
|
$ |
33.00 |
|
|
$ |
64.30 |
|
|
$ |
11.32 |
|
|
$ |
72.26 |
|
|
$ |
28.74 |
|
Market value per share, at June 30, 2024 |
|
$ |
61.39 |
|
|
$ |
33.50 |
|
|
$ |
78.35 |
|
|
$ |
11.17 |
|
|
$ |
77.04 |
|
|
$ |
37.09 |
|
Total Return, at net asset value^ |
|
|
8.8 |
% |
|
|
1.0 |
% |
|
|
18.7 |
% |
|
|
(1.3 |
)% |
|
|
7.4 |
% |
|
|
31.2 |
% |
Total Return, at market value^ |
|
|
8.9 |
% |
|
|
1.5 |
% |
|
|
21.9 |
% |
|
|
(1.3 |
)% |
|
|
6.6 |
% |
|
|
29.1 |
% |
Ratios to Average Net Assets** * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.18 |
% |
|
|
0.98 |
% |
|
|
1.54 |
% |
|
|
0.95 |
% |
|
|
0.96 |
% |
|
|
0.99 |
% |
| Net investment income gain (loss) |
|
|
3.49 |
% |
|
|
3.62 |
% |
|
|
3.04 |
% |
|
|
3.87 |
% |
|
|
3.94 |
% |
|
|
3.77 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
See Note 8 of these Notes to Financial Statements. |
*** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2024. |
| ^^ |
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 Three Months Ended June 30, 2024 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Ultra VIX Short-Term Futures ETF * |
|
|
|
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort Bloomberg Natural Gas * |
|
|
|
|
|
|
|
| Net asset value, at March 31, 2024 |
|
$ |
31.46 |
|
|
$ |
23.33 |
|
|
$ |
15.92 |
|
|
$ |
76.47 |
|
|
$ |
30.97 |
|
|
$ |
23.45 |
|
| Net investment income (loss) |
|
|
0.15 |
|
|
|
0.20 |
|
|
|
0.16 |
|
|
|
0.38 |
|
|
|
0.28 |
|
|
|
0.17 |
|
| Net realized and unrealized gain (loss)# |
|
|
(8.03 |
) |
|
|
(3.30 |
) |
|
|
(0.51 |
) |
|
|
(27.48 |
) |
|
|
0.61 |
|
|
|
(2.02 |
) |
| Change in net asset value from operations |
|
|
(7.88 |
) |
|
|
(3.10 |
) |
|
|
(0.35 |
) |
|
|
(27.10 |
) |
|
|
0.89 |
|
|
|
(1.85 |
) |
| Net asset value, at June 30, 2024 |
|
$ |
23.58 |
|
|
$ |
20.23 |
|
|
$ |
15.57 |
|
|
$ |
49.37 |
|
|
$ |
31.86 |
|
|
$ |
21.60 |
|
Market value per share, at March 31, 2024 |
|
$ |
31.60 |
|
|
$ |
23.35 |
|
|
$ |
16.02 |
|
|
$ |
78.35 |
|
|
$ |
30.96 |
|
|
$ |
23.38 |
|
Market value per share, at June 30, 2024 |
|
$ |
23.54 |
|
|
$ |
20.30 |
|
|
$ |
15.57 |
|
|
$ |
49.19 |
|
|
$ |
31.83 |
|
|
$ |
21.67 |
|
Total Return, at net asset value^ |
|
|
(25.0 |
)% |
|
|
(13.3 |
)% |
|
|
(2.2 |
)% |
|
|
(35.4 |
)% |
|
|
2.9 |
% |
|
|
(7.9 |
)% |
Total Return, at market value^ |
|
|
(25.5 |
)% |
|
|
(13.1 |
)% |
|
|
(2.8 |
)% |
|
|
(37.2 |
)% |
|
|
2.8 |
% |
|
|
(7.3 |
)% |
Ratios to Average Net Assets** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.84 |
% |
|
|
0.95 |
% |
|
|
1.04 |
% |
|
|
1.92 |
% |
|
|
0.95 |
% |
|
|
0.98 |
% |
| Net investment income gain (loss) |
|
|
2.17 |
% |
|
|
3.67 |
% |
|
|
3.89 |
% |
|
|
2.92 |
% |
|
|
3.54 |
% |
|
|
3.29 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2024. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded. | For the Three Months Ended June 30, 2024 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
|
|
|
|
|
|
|
|
|
VIX Short- Term Futures ETF * |
|
| Net asset value, at March 31, 2024 |
|
$ |
67.29 |
|
|
$ |
40.97 |
|
|
$ |
15.85 |
|
|
$ |
51.72 |
|
| Net investment income (loss) |
|
|
0.36 |
|
|
|
0.39 |
|
|
|
0.13 |
|
|
|
0.41 |
|
| Net realized and unrealized gain (loss)# |
|
|
(22.77 |
) |
|
|
6.27 |
|
|
|
(1.69 |
) |
|
|
(8.80 |
) |
| Change in net asset value from operations |
|
|
(22.41 |
) |
|
|
6.66 |
|
|
|
(1.56 |
) |
|
|
(8.39 |
) |
| Net asset value, at June 30, 2024 |
|
$ |
44.88 |
|
|
$ |
47.63 |
|
|
$ |
14.29 |
|
|
$ |
43.33 |
|
Market value per share, at March 31, 2024 |
|
$ |
66.84 |
|
|
$ |
40.92 |
|
|
$ |
15.85 |
|
|
$ |
51.84 |
|
Market value per share, at June 30, 2024 |
|
$ |
45.32 |
|
|
$ |
47.56 |
|
|
$ |
14.33 |
|
|
$ |
43.40 |
|
Total Return, at net asset value^ |
|
|
(33.3 |
)% |
|
|
16.3 |
% |
|
|
(9.9 |
)% |
|
|
(16.2 |
)% |
Total Return, at market value^ |
|
|
(32.2 |
)% |
|
|
16.2 |
% |
|
|
(9.6 |
)% |
|
|
(16.3 |
)% |
Ratios to Average Net Assets** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.04 |
% |
|
|
0.95 |
% |
|
|
1.19 |
% |
|
|
1.04 |
% |
| Net investment income gain (loss) |
|
|
3.04 |
% |
|
|
3.52 |
% |
|
|
3.73 |
% |
|
|
3.40 |
% |
* |
See Note 8 of these Notes to Financial Statements. |
| ** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2024. |
| ^^ |
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 three months ended June 30, 2023 For the Three Months Ended June 30, 2023 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Short VIX Short-Term Futures ETF * |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra Bloomberg Natural Gas ** |
|
|
|
|
|
|
|
|
|
|
| Net asset value, at March 31, 2023 |
|
$ |
31.86 |
|
|
$ |
26.53 |
|
|
$ |
368.82 |
|
|
$ |
11.49 |
|
|
$ |
62.86 |
|
|
$ |
31.10 |
|
| Net investment income (loss) |
|
|
0.23 |
|
|
|
0.14 |
|
|
|
1.40 |
|
|
|
0.09 |
|
|
|
0.47 |
|
|
|
0.20 |
|
| Net realized and unrealized gain (loss)# |
|
|
10.25 |
|
|
|
(2.93 |
) |
|
|
(22.81 |
) |
|
|
0.01 |
|
|
|
(4.97 |
) |
|
|
(4.26 |
) |
| Change in net asset value from operations |
|
|
10.48 |
|
|
|
(2.79 |
) |
|
|
(21.41 |
) |
|
|
0.10 |
|
|
|
(4.50 |
) |
|
|
(4.06 |
) |
| Net asset value, at June 30, 2023 |
|
$ |
42.34 |
|
|
$ |
23.74 |
|
|
$ |
347.41 |
|
|
$ |
11.59 |
|
|
$ |
58.36 |
|
|
$ |
27.04 |
|
Market value per share, at March 31, 2023 |
|
$ |
31.88 |
|
|
$ |
26.47 |
|
|
$ |
361.00 |
|
|
$ |
11.49 |
|
|
$ |
63.02 |
|
|
$ |
31.23 |
|
Market value per share, at June 30, 2023 |
|
$ |
42.34 |
|
|
$ |
23.65 |
|
|
$ |
344.95 |
|
|
$ |
11.61 |
|
|
$ |
58.24 |
|
|
$ |
26.95 |
|
Total Return, at net asset value^ |
|
|
32.9 |
% |
|
|
(10.5 |
)% |
|
|
(5.8 |
)% |
|
|
0.9 |
% |
|
|
(7.2 |
)% |
|
|
(13.1 |
)% |
Total Return, at market value^ |
|
|
32.8 |
% |
|
|
(10.7 |
)% |
|
|
(4.5 |
)% |
|
|
1.0 |
% |
|
|
(7.6 |
)% |
|
|
(13.7 |
)% |
Ratios to Average Net Assets** * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.14 |
% |
|
|
1.00 |
% |
|
|
1.45 |
% |
|
|
0.95 |
% |
|
|
0.96 |
% |
|
|
1.00 |
% |
| Net investment income gain (loss) |
|
|
2.61 |
% |
|
|
2.20 |
% |
|
|
1.81 |
% |
|
|
3.27 |
% |
|
|
3.01 |
% |
|
|
2.61 |
% |
* |
See Note 1 of these Notes to Financial Statements. |
| * * |
See Note 8 of these Notes to Financial Statements. |
| ** * |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2023. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded. | For the Three Months Ended June 30, 2023 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Ultra VIX Short-Term Futures ETF * |
|
|
|
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort Bloomberg Natural Gas * |
|
|
|
|
|
|
|
| Net asset value, at March 31, 2023 |
|
$ |
231.27 |
|
|
$ |
33.05 |
|
|
$ |
25.15 |
|
|
$ |
35.56 |
|
|
$ |
29.04 |
|
|
$ |
26.88 |
|
| Net investment income (loss) |
|
|
0.73 |
|
|
|
0.26 |
|
|
|
0.19 |
|
|
|
0.22 |
|
|
|
0.24 |
|
|
|
0.22 |
|
| Net realized and unrealized gain (loss)# |
|
|
(139.58 |
) |
|
|
(5.91 |
) |
|
|
0.28 |
|
|
|
(8.25 |
) |
|
|
(0.18 |
) |
|
|
1.80 |
|
| Change in net asset value from operations |
|
|
(138.85 |
) |
|
|
(5.65 |
) |
|
|
0.47 |
|
|
|
(8.03 |
) |
|
|
0.06 |
|
|
|
2.02 |
|
| Net asset value, at June 30, 2023 |
|
$ |
92.42 |
|
|
$ |
27.40 |
|
|
$ |
25.62 |
|
|
$ |
27.53 |
|
|
$ |
29.10 |
|
|
$ |
28.90 |
|
Market value per share, at March 31, 2023 |
|
$ |
232.50 |
|
|
$ |
33.02 |
|
|
$ |
25.22 |
|
|
$ |
36.21 |
|
|
$ |
29.04 |
|
|
$ |
26.84 |
|
Market value per share, at June 30, 2023 |
|
$ |
92.45 |
|
|
$ |
27.42 |
|
|
$ |
25.70 |
|
|
$ |
27.73 |
|
|
$ |
29.11 |
|
|
$ |
28.96 |
|
Total Return, at net asset value^ |
|
|
(60.0 |
)% |
|
|
(17.1 |
)% |
|
|
1.9 |
% |
|
|
(22.6 |
)% |
|
|
0.2 |
% |
|
|
7.5 |
% |
Total Return, at market value^ |
|
|
(60.2 |
)% |
|
|
(17.0 |
)% |
|
|
1.9 |
% |
|
|
(23.4 |
)% |
|
|
0.2 |
% |
|
|
7.9 |
% |
Ratios to Average Net Assets** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.55 |
% |
|
|
0.95 |
% |
|
|
1.11 |
% |
|
|
1.77 |
% |
|
|
0.95 |
% |
|
|
0.98 |
% |
| Net investment income gain (loss) |
|
|
1.84 |
% |
|
|
3.36 |
% |
|
|
3.01 |
% |
|
|
2.47 |
% |
|
|
3.36 |
% |
|
|
3.09 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2023. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded. | For the Three Months Ended June 30, 2023 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
|
|
|
|
|
|
|
|
|
VIX Short- Term Futures ETF * |
|
| Net asset value, at March 31, 2023 |
|
$ |
74.54 |
|
|
$ |
27.99 |
|
|
$ |
26.79 |
|
|
$ |
180.63 |
|
| Net investment income (loss) |
|
|
0.49 |
|
|
|
0.24 |
|
|
|
0.20 |
|
|
|
0.98 |
|
| Net realized and unrealized gain (loss)# |
|
|
6.94 |
|
|
|
5.74 |
|
|
|
(6.50 |
) |
|
|
(81.80 |
) |
| Change in net asset value from operations |
|
|
7.43 |
|
|
|
5.98 |
|
|
|
(6.30 |
) |
|
|
(80.82 |
) |
| Net asset value, at June 30, 2023 |
|
$ |
81.97 |
|
|
$ |
33.97 |
|
|
$ |
20.49 |
|
|
$ |
99.81 |
|
Market value per share, at March 31, 2023 |
|
$ |
74.24 |
|
|
$ |
28.00 |
|
|
$ |
26.82 |
|
|
$ |
181.00 |
|
Market value per share, at June 30, 2023 |
|
$ |
82.32 |
|
|
$ |
33.98 |
|
|
$ |
20.48 |
|
|
$ |
99.84 |
|
Total Return, at net asset value^ |
|
|
10.0 |
% |
|
|
21.4 |
% |
|
|
(23.5 |
)% |
|
|
(44.8 |
)% |
Total Return, at market value^ |
|
|
10.9 |
% |
|
|
21.3 |
% |
|
|
(23.6 |
)% |
|
|
(44.8 |
)% |
Ratios to Average Net Assets** * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.05 |
% |
|
|
0.95 |
% |
|
|
1.00 |
% |
|
|
1.08 |
% |
| Net investment income gain (loss) |
|
|
2.68 |
% |
|
|
3.22 |
% |
|
|
3.13 |
% |
|
|
2.82 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
** |
See Note 8 of these Notes to Financial Statements. |
| ** * |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2023. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.85% and 0.85%, respectively, if brokerage commissions and futures account fees were excluded. | S elected Data for a Share Outstanding Throughout the six months Ended June For the Six Months Ended June 30, 2024 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Short VIX Short-Term Futures ETF * |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra Bloomberg Natural Gas ** |
|
|
|
|
|
|
|
|
|
|
| Net asset value, at December 31, 2023 |
|
$ |
51.69 |
|
|
$ |
26.28 |
|
|
$ |
142.73 |
|
|
$ |
11.86 |
|
|
$ |
63.83 |
|
|
$ |
27.29 |
|
| Net investment income (loss) |
|
|
0.91 |
|
|
|
0.44 |
|
|
|
1.28 |
|
|
|
0.21 |
|
|
|
1.31 |
|
|
|
0.54 |
|
| Net realized and unrealized gain (loss)# |
|
|
8.75 |
|
|
|
6.79 |
|
|
|
(66.04 |
) |
|
|
(0.88 |
) |
|
|
12.17 |
|
|
|
9.61 |
|
| Change in net asset value from operations |
|
|
9.66 |
|
|
|
7.23 |
|
|
|
(64.76 |
) |
|
|
(0.67 |
) |
|
|
13.48 |
|
|
|
10.15 |
|
| Net asset value, at June 30, 2024 |
|
$ |
61.35 |
|
|
$ |
33.51 |
|
|
$ |
77.97 |
|
|
$ |
11.19 |
|
|
$ |
77.31 |
|
|
$ |
37.44 |
|
Market value per share, at December 31, 2023 |
|
$ |
51.70 |
|
|
$ |
26.10 |
|
|
$ |
142.20 |
|
|
$ |
11.84 |
|
|
$ |
63.87 |
|
|
$ |
27.17 |
|
Market value per share, at June 30, 2024 |
|
$ |
61.39 |
|
|
$ |
33.50 |
|
|
$ |
78.35 |
|
|
$ |
11.17 |
|
|
$ |
77.04 |
|
|
$ |
37.09 |
|
Total Return, at net asset value^ |
|
|
18.7 |
% |
|
|
27.5 |
% |
|
|
(45.4 |
)% |
|
|
(5.6 |
)% |
|
|
21.1 |
% |
|
|
37.2 |
% |
Total Return, at market value^ |
|
|
18.7 |
% |
|
|
28.4 |
% |
|
|
(44.9 |
)% |
|
|
(5.7 |
)% |
|
|
20.6 |
% |
|
|
36.5 |
% |
Ratios to Average Net Assets** * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.18 |
% |
|
|
0.99 |
% |
|
|
1.51 |
% |
|
|
0.95 |
% |
|
|
0.97 |
% |
|
|
0.99 |
% |
| Net investment income gain (loss) |
|
|
3.28 |
% |
|
|
2.89 |
% |
|
|
2.89 |
% |
|
|
3.80 |
% |
|
|
3.70 |
% |
|
|
3.44 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
See Note 8 of these Notes to Financial Statements. |
*** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2024. |
| ^^ |
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 Six Months Ended June 30, 2024 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Ultra VIX Short-Term Futures ETF * |
|
|
|
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort Bloomberg Natural Gas * |
|
|
|
|
|
|
|
| Net asset value, at December 31, 2023 |
|
$ |
42.17 |
|
|
$ |
27.46 |
|
|
$ |
20.75 |
|
|
$ |
48.05 |
|
|
$ |
29.16 |
|
|
$ |
26.39 |
|
| Net investment income (loss) |
|
|
0.35 |
|
|
|
0.41 |
|
|
|
0.32 |
|
|
|
0.78 |
|
|
|
0.55 |
|
|
|
0.38 |
|
| Net realized and unrealized gain (loss)# |
|
|
(18.94 |
) |
|
|
(7.64 |
) |
|
|
(5.50 |
) |
|
|
0.54 |
|
|
|
2.15 |
|
|
|
(5.17 |
) |
| Change in net asset value from operations |
|
|
(18.59 |
) |
|
|
(7.23 |
) |
|
|
(5.18 |
) |
|
|
1.32 |
|
|
|
2.70 |
|
|
|
(4.79 |
) |
| Net asset value, at June 30, 2024 |
|
$ |
23.58 |
|
|
$ |
20.23 |
|
|
$ |
15.57 |
|
|
$ |
49.37 |
|
|
$ |
31.86 |
|
|
$ |
21.60 |
|
Market value per share, at December 31, 2023 |
|
$ |
42.20 |
|
|
$ |
27.49 |
|
|
$ |
20.89 |
|
|
$ |
48.21 |
|
|
$ |
29.15 |
|
|
$ |
26.37 |
|
Market value per share, at June 30, 2024 |
|
$ |
23.54 |
|
|
$ |
20.30 |
|
|
$ |
15.57 |
|
|
$ |
49.19 |
|
|
$ |
31.83 |
|
|
$ |
21.67 |
|
Total Return, at net asset value^ |
|
|
(44.1 |
)% |
|
|
(26.3 |
)% |
|
|
(25.0 |
)% |
|
|
2.8 |
% |
|
|
9.2 |
% |
|
|
(18.2 |
)% |
Total Return, at market value^ |
|
|
(44.2 |
)% |
|
|
(26.2 |
)% |
|
|
(25.5 |
)% |
|
|
2.0 |
% |
|
|
9.2 |
% |
|
|
(17.8 |
)% |
Ratios to Average Net Assets** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.80 |
% |
|
|
0.95 |
% |
|
|
1.05 |
% |
|
|
1.93 |
% |
|
|
0.95 |
% |
|
|
0.98 |
% |
| Net investment income gain (loss) |
|
|
2.16 |
% |
|
|
3.64 |
% |
|
|
3.77 |
% |
|
|
2.92 |
% |
|
|
3.58 |
% |
|
|
3.26 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2024. |
| ^^ |
The expense ratio would be 0.95%, 0.95%, 0.95%, 0.95%, 0.95% and 0.95%, respectively, if brokerage commissions and futures account fees were excluded. | For the Six Months Ended June 30, 2024 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
|
|
|
|
|
|
|
|
|
VIX Short- Term Futures ETF * |
|
| Net asset value, at December 31, 2023 |
|
$ |
72.56 |
|
|
$ |
34.44 |
|
|
$ |
16.74 |
|
|
$ |
61.99 |
|
| Net investment income (loss) |
|
|
0.83 |
|
|
|
0.74 |
|
|
|
0.27 |
|
|
|
0.89 |
|
| Net realized and unrealized gain (loss)# |
|
|
(28.51 |
) |
|
|
12.45 |
|
|
|
(2.72 |
) |
|
|
(19.55 |
) |
| Change in net asset value from operations |
|
|
(27.68 |
) |
|
|
13.19 |
|
|
|
(2.45 |
) |
|
|
(18.66 |
) |
| Net asset value, at June 30, 2024 |
|
$ |
44.88 |
|
|
$ |
47.63 |
|
|
$ |
14.29 |
|
|
$ |
43.33 |
|
Market value per share, at December 31, 2023 |
|
$ |
72.96 |
|
|
$ |
34.47 |
|
|
$ |
16.75 |
|
|
$ |
62.04 |
|
Market value per share, at June 30, 2024 |
|
$ |
45.32 |
|
|
$ |
47.56 |
|
|
$ |
14.33 |
|
|
$ |
43.40 |
|
Total Return, at net asset value^ |
|
|
(38.2 |
)% |
|
|
38.3 |
% |
|
|
(14.6 |
)% |
|
|
(30.1 |
)% |
Total Return, at market value^ |
|
|
(37.9 |
)% |
|
|
38.0 |
% |
|
|
(14.5 |
)% |
|
|
(30.0 |
)% |
Ratios to Average Net Assets** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.03 |
% |
|
|
0.95 |
% |
|
|
1.15 |
% |
|
|
1.04 |
% |
| Net investment income gain (loss) |
|
|
3.01 |
% |
|
|
3.55 |
% |
|
|
3.63 |
% |
|
|
3.40 |
% |
* |
See Note 8 of these Notes to Financial Statements. |
| ** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2024. |
| ^^ |
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 six months Ended June 30, 2023 For the Six Months Ended June 30, 2023 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Short VIX Short-Term Futures ETF * |
|
|
Ultra
Bloomberg
Crude Oil |
|
|
Ultra Bloomberg Natural Gas |
|
|
|
|
|
|
|
|
|
|
| Net asset value, at December 31, 2022 |
|
$ |
29.35 |
|
|
$ |
30.26 |
|
|
$ |
1815.41 |
|
|
$ |
11.27 |
|
|
$ |
55.09 |
|
|
$ |
31.75 |
|
| Net investment income (loss) |
|
|
0.41 |
|
|
|
0.27 |
|
|
|
4.04 |
|
|
|
0.17 |
|
|
|
0.86 |
|
|
|
0.39 |
|
| Net realized and unrealized gain (loss)# |
|
|
12.58 |
|
|
|
(6.79 |
) |
|
|
(1,472.04 |
) |
|
|
0.15 |
|
|
|
2.41 |
|
|
|
(5.10 |
) |
| Change in net asset value from operations |
|
|
12.99 |
|
|
|
(6.52 |
) |
|
|
(1,468.00 |
) |
|
|
0.32 |
|
|
|
3.27 |
|
|
|
(4.71 |
) |
| Net asset value, at June 30, 2023 |
|
$ |
42.34 |
|
|
$ |
23.74 |
|
|
$ |
347.41 |
|
|
$ |
11.59 |
|
|
$ |
58.36 |
|
|
$ |
27.04 |
|
Market value per share, at December 31, 2022 |
|
$ |
29.34 |
|
|
$ |
30.31 |
|
|
$ |
1,778.00 |
|
|
$ |
11.26 |
|
|
$ |
55.27 |
|
|
$ |
32.00 |
|
Market value per share, at June 30, 2023 |
|
$ |
42.34 |
|
|
$ |
23.65 |
|
|
$ |
344.95 |
|
|
$ |
11.61 |
|
|
$ |
58.24 |
|
|
$ |
26.95 |
|
Total Return, at net asset value^ |
|
|
44.2 |
% |
|
|
(21.5 |
)% |
|
|
(80.9 |
)% |
|
|
2.9 |
% |
|
|
5.9 |
% |
|
|
(14.8 |
)% |
Total Return, at market value^ |
|
|
44.3 |
% |
|
|
(22.0 |
)% |
|
|
(80.6 |
)% |
|
|
3.1 |
% |
|
|
5.4 |
% |
|
|
(15.8 |
)% |
Ratios to Average Net Assets** * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.15 |
% |
|
|
1.00 |
% |
|
|
1.43 |
% |
|
|
0.95 |
% |
|
|
0.97 |
% |
|
|
0.99 |
% |
| Net investment income gain (loss) |
|
|
2.50 |
% |
|
|
2.12 |
% |
|
|
2.01 |
% |
|
|
3.04 |
% |
|
|
2.86 |
% |
|
|
2.65 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
** |
See Note 8 of these Notes to Financial Statements. |
| ** * |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2023. |
| ^^ |
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 Six Months Ended June 30, 2023 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
Ultra VIX Short-Term Futures ETF * |
|
|
|
|
|
UltraShort
Bloomberg
Crude Oil |
|
|
UltraShort Bloomberg Natural Gas * |
|
|
|
|
|
|
|
| Net asset value, at December 31, 2022 |
|
$ |
343.43 |
|
|
$ |
34.54 |
|
|
$ |
23.93 |
|
|
$ |
13.50 |
|
|
$ |
29.46 |
|
|
$ |
31.10 |
|
| Net investment income (loss) |
|
|
1.64 |
|
|
|
0.49 |
|
|
|
0.36 |
|
|
|
0.33 |
|
|
|
0.45 |
|
|
|
0.39 |
|
| Net realized and unrealized gain (loss)# |
|
|
(252.65 |
) |
|
|
(7.63 |
) |
|
|
1.33 |
|
|
|
13.70 |
|
|
|
(0.81 |
) |
|
|
(2.59 |
) |
| Change in net asset value from operations |
|
|
(251.01 |
) |
|
|
(7.14 |
) |
|
|
1.69 |
|
|
|
14.03 |
|
|
|
(0.36 |
) |
|
|
(2.20 |
) |
| Net asset value, at June 30, 2023 |
|
$ |
92.42 |
|
|
$ |
27.40 |
|
|
$ |
25.62 |
|
|
$ |
27.53 |
|
|
$ |
29.10 |
|
|
$ |
28.90 |
|
Market value per share, at December 31, 2022 |
|
$ |
343.00 |
|
|
$ |
34.56 |
|
|
$ |
23.85 |
|
|
$ |
13.78 |
|
|
$ |
29.45 |
|
|
$ |
30.99 |
|
Market value per share, at June 30, 2023 |
|
$ |
92.45 |
|
|
$ |
27.42 |
|
|
$ |
25.70 |
|
|
$ |
27.73 |
|
|
$ |
29.11 |
|
|
$ |
28.96 |
|
Total Return, at net asset value^ |
|
|
(73.1 |
)% |
|
|
(20.7 |
)% |
|
|
7.1 |
% |
|
|
103.9 |
% |
|
|
(1.2 |
)% |
|
|
(7.1 |
)% |
Total Return, at market value^ |
|
|
(73.1 |
)% |
|
|
(20.7 |
)% |
|
|
7.8 |
% |
|
|
101.2 |
% |
|
|
(1.2 |
)% |
|
|
(6.6 |
)% |
Ratios to Average Net Assets** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.56 |
% |
|
|
0.95 |
% |
|
|
1.09 |
% |
|
|
1.74 |
% |
|
|
0.95 |
% |
|
|
0.99 |
% |
| Net investment income gain (loss) |
|
|
1.66 |
% |
|
|
3.05 |
% |
|
|
2.92 |
% |
|
|
2.27 |
% |
|
|
3.08 |
% |
|
|
2.81 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2023. |
| ^^ |
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 Six Months Ended June 30, 2023 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Share Operating Performance |
|
|
|
|
|
|
|
|
|
|
VIX Short- Term Futures ETF * |
|
| Net asset value, at December 31, 2022 |
|
$ |
77.82 |
|
|
$ |
26.84 |
|
|
$ |
30.41 |
|
|
$ |
228.01 |
|
| Net investment income (loss) |
|
|
0.94 |
|
|
|
0.44 |
|
|
|
0.38 |
|
|
|
2.10 |
|
| Net realized and unrealized gain (loss)# |
|
|
3.21 |
|
|
|
6.69 |
|
|
|
(10.30 |
) |
|
|
(130.30 |
) |
| Change in net asset value from operations |
|
|
4.15 |
|
|
|
7.13 |
|
|
|
(9.92 |
) |
|
|
(128.20 |
) |
| Net asset value, at June 30, 2023 |
|
$ |
81.97 |
|
|
$ |
33.97 |
|
|
$ |
20.49 |
|
|
$ |
99.81 |
|
Market value per share, at December 31, 2022 |
|
$ |
77.20 |
|
|
$ |
26.79 |
|
|
$ |
30.36 |
|
|
$ |
227.60 |
|
Market value per share, at June 30, 2023 |
|
$ |
82.32 |
|
|
$ |
33.98 |
|
|
$ |
20.48 |
|
|
$ |
99.84 |
|
Total Return, at net asset value^ |
|
|
5.3 |
% |
|
|
26.6 |
% |
|
|
(32.6 |
)% |
|
|
(56.2 |
)% |
Total Return, at market value^ |
|
|
6.6 |
% |
|
|
26.8 |
% |
|
|
(32.5 |
)% |
|
|
(56.1 |
)% |
Ratios to Average Net Assets** * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expense ratio^^ |
|
|
1.05 |
% |
|
|
0.95 |
% |
|
|
0.98 |
% |
|
|
1.09 |
% |
| Net investment income gain (loss) |
|
|
2.44 |
% |
|
|
3.06 |
% |
|
|
2.90 |
% |
|
|
2.61 |
% |
| * |
See Note 1 of these Notes to Financial Statements. |
| ** |
See Note 8 of these Notes to Financial Statements. |
*** |
Percentages are annualized. |
| # |
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. |
| ^ |
Percentages are not annualized for the period ended June 30, 2023. |
| ^^ |
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. |
|