Document and Entity Information
Document and Entity Information | 9 Months Ended |
Sep. 30, 2015shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2015 |
Document Fiscal Year Focus | 2,015 |
Document Fiscal Period Focus | Q3 |
Entity Registrant Name | ProShares Trust II |
Entity Central Index Key | 1,415,311 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 104,640,929 |
Statements of Financial Conditi
Statements of Financial Condition - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 | |
Assets | |||
Cash | $ 48,812,978 | $ 35,899,231 | |
Segregated cash balances for swap agreements | 906,000 | ||
Segregated cash balances with brokers for futures contracts | 214,588,715 | 296,561,615 | |
Short-term U.S. government and agency obligations | 3,282,132,449 | 3,005,876,580 | |
Unrealized appreciation on swap agreements | 1,512,629 | 27,585,336 | |
Unrealized appreciation on forward agreements | 735,438 | 2,850,677 | |
Unrealized appreciation on foreign currency forward contracts | 7,273,738 | 19,594,239 | |
Receivable from capital shares sold | 37,505,806 | 58,085,447 | |
Receivable on open futures contracts | 16,162,402 | 56,002,326 | |
Offering costs | 181 | 49,384 | |
Limitation by Sponsor | 11,013 | 9,474 | |
Total assets | 3,609,641,349 | 3,502,514,309 | |
Liabilities | |||
Payable for capital shares redeemed | 18,034,002 | 25,400,996 | |
Payable on open futures contracts | 35,782,200 | 46,405,998 | |
Brokerage commissions and fees payable | 44,642 | ||
Management fee payable | 5,451,988 | 2,657,505 | |
Payable for offering costs | 65,785 | 65,785 | |
Unrealized depreciation on swap agreements | 45,384,448 | 76,512,435 | |
Unrealized depreciation on forward agreements | 2,305,482 | 14,882,468 | |
Unrealized depreciation on foreign currency forward contracts | 2,992,083 | 4,528,636 | |
Total liabilities | $ 110,060,630 | $ 170,453,823 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | [1] | $ 3,499,580,719 | $ 3,332,060,486 |
Total liabilities and shareholders' equity | $ 3,609,641,349 | $ 3,502,514,309 | |
Shares outstanding | 104,640,929 | 71,732,357 | |
ProShares Managed Futures Strategy [Member] | |||
Assets | |||
Cash | $ 8,033,817 | $ 6,135,185 | |
Segregated cash balances with brokers for futures contracts | 320,529 | 195,142 | |
Receivable from capital shares sold | 1,029,253 | ||
Receivable on open futures contracts | 17,445 | ||
Offering costs | 181 | 49,384 | |
Limitation by Sponsor | 11,013 | 9,474 | |
Total assets | 9,394,793 | 6,406,630 | |
Liabilities | |||
Payable on open futures contracts | 65,388 | ||
Brokerage commissions and fees payable | 197 | ||
Payable for offering costs | 65,785 | 65,785 | |
Total liabilities | $ 131,370 | $ 65,785 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 9,263,423 | $ 6,340,845 | |
Total liabilities and shareholders' equity | $ 9,394,793 | $ 6,406,630 | |
Shares outstanding | 450,010 | 300,010 | |
Net asset value per share | $ 20.58 | $ 21.14 | |
Market value per share | $ 20.81 | $ 21.28 | |
ProShares VIX Short-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 2,810,592 | $ 1,694,791 | |
Segregated cash balances with brokers for futures contracts | 22,941,825 | 18,439,750 | |
Short-term U.S. government and agency obligations | 88,533,608 | 82,088,299 | |
Receivable on open futures contracts | 9,317,236 | ||
Total assets | 114,286,025 | 111,540,076 | |
Liabilities | |||
Payable on open futures contracts | 3,161,690 | ||
Management fee payable | 177,957 | 80,751 | |
Total liabilities | $ 3,339,647 | $ 80,751 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 110,946,378 | $ 111,459,325 | |
Total liabilities and shareholders' equity | $ 114,286,025 | $ 111,540,076 | |
Shares outstanding | 6,424,812 | 5,324,812 | |
Net asset value per share | $ 17.27 | $ 20.93 | |
Market value per share | $ 17.08 | $ 20.99 | |
ProShares VIX Mid-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 2,325,502 | $ 1,634,082 | |
Segregated cash balances with brokers for futures contracts | 3,956,460 | 1,906,950 | |
Short-term U.S. government and agency obligations | 25,286,238 | 24,105,906 | |
Receivable on open futures contracts | 1,783,328 | ||
Total assets | 31,568,200 | 29,430,266 | |
Liabilities | |||
Payable for capital shares redeemed | 7,947,955 | ||
Payable on open futures contracts | 416,446 | ||
Management fee payable | 40,439 | 22,736 | |
Total liabilities | $ 456,885 | $ 7,970,691 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 31,111,315 | $ 21,459,575 | |
Total liabilities and shareholders' equity | $ 31,568,200 | $ 29,430,266 | |
Shares outstanding | 487,404 | 337,404 | |
Net asset value per share | $ 63.83 | $ 63.60 | |
Market value per share | $ 63.44 | $ 63.89 | |
ProShares Short VIX Short-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 1,551,738 | $ 9,122,219 | |
Segregated cash balances with brokers for futures contracts | 7,780,110 | 85,244,950 | |
Short-term U.S. government and agency obligations | 606,156,790 | 446,975,220 | |
Receivable on open futures contracts | 15,025,925 | ||
Total assets | 630,514,563 | 541,342,389 | |
Liabilities | |||
Payable for capital shares redeemed | 3,358,781 | ||
Payable on open futures contracts | 31,020,019 | ||
Management fee payable | 727,172 | 407,465 | |
Total liabilities | $ 727,172 | $ 34,786,265 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 629,787,391 | $ 506,556,124 | |
Total liabilities and shareholders' equity | $ 630,514,563 | $ 541,342,389 | |
Shares outstanding | 13,350,040 | 8,250,040 | |
Net asset value per share | $ 47.17 | $ 61.40 | |
Market value per share | $ 47.64 | $ 61.16 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Assets | |||
Cash | $ 6,498,142 | $ 3,737,292 | |
Segregated cash balances with brokers for futures contracts | 139,495,985 | 116,907,700 | |
Short-term U.S. government and agency obligations | 192,258,925 | 182,639,188 | |
Receivable from capital shares sold | 34,340,224 | 12,549,248 | |
Receivable on open futures contracts | 42,531,441 | ||
Total assets | 372,593,276 | 358,364,869 | |
Liabilities | |||
Payable for capital shares redeemed | 9,268,277 | 6,272,056 | |
Payable on open futures contracts | 27,913,959 | ||
Management fee payable | 527,242 | 302,860 | |
Total liabilities | $ 37,709,478 | $ 6,574,916 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 334,883,798 | $ 351,789,953 | |
Total liabilities and shareholders' equity | $ 372,593,276 | $ 358,364,869 | |
Shares outstanding | 5,852,448 | 2,804,020 | |
Net asset value per share | $ 57.22 | $ 125.46 | |
Market value per share | $ 55.96 | $ 125.75 | |
ProShares UltraShort Bloomberg Commodity [Member] | |||
Assets | |||
Cash | $ 673,915 | $ 467,766 | |
Short-term U.S. government and agency obligations | 6,062,965 | 4,233,548 | |
Unrealized appreciation on swap agreements | 210,073 | 567,259 | |
Total assets | 6,946,953 | 5,268,573 | |
Liabilities | |||
Management fee payable | 10,805 | 3,867 | |
Total liabilities | $ 10,805 | $ 3,867 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 6,936,148 | $ 5,264,706 | |
Total liabilities and shareholders' equity | $ 6,946,953 | $ 5,268,573 | |
Shares outstanding | 59,997 | 59,997 | |
Net asset value per share | $ 115.61 | $ 87.75 | |
Market value per share | $ 114.58 | $ 87.44 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Assets | |||
Cash | $ 1,695,481 | $ 994,268 | |
Segregated cash balances with brokers for futures contracts | 11,545,833 | 12,292,665 | |
Short-term U.S. government and agency obligations | 131,365,647 | 131,594,608 | |
Unrealized appreciation on swap agreements | 1,302,556 | 27,018,077 | |
Receivable on open futures contracts | 524,449 | 1,293,531 | |
Total assets | 146,433,966 | 173,193,149 | |
Liabilities | |||
Payable for capital shares redeemed | 4,374,713 | 3,854,654 | |
Brokerage commissions and fees payable | 9,507 | ||
Management fee payable | 266,191 | 128,385 | |
Unrealized depreciation on swap agreements | 9,102 | ||
Total liabilities | $ 4,659,513 | $ 3,983,039 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 141,774,453 | $ 169,210,110 | |
Total liabilities and shareholders' equity | $ 146,433,966 | $ 173,193,149 | |
Shares outstanding | 1,619,944 | 2,169,944 | |
Net asset value per share | $ 87.52 | $ 77.98 | |
Market value per share | $ 86.17 | $ 76.52 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | |||
Assets | |||
Cash | $ 458,001 | $ 696,743 | |
Segregated cash balances with brokers for futures contracts | 2,116,400 | 4,405,830 | |
Short-term U.S. government and agency obligations | 9,169,710 | 8,672,710 | |
Receivable on open futures contracts | 410,132 | 923,531 | |
Total assets | 12,154,243 | 14,698,814 | |
Liabilities | |||
Brokerage commissions and fees payable | 1,022 | ||
Management fee payable | 16,116 | 10,250 | |
Total liabilities | $ 17,138 | $ 10,250 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 12,137,105 | $ 14,688,564 | |
Total liabilities and shareholders' equity | $ 12,154,243 | $ 14,698,814 | |
Shares outstanding | 124,952 | 174,952 | |
Net asset value per share | $ 97.13 | $ 83.96 | |
Market value per share | $ 96.84 | $ 82.03 | |
ProShares UltraShort Gold [Member] | |||
Assets | |||
Cash | $ 153,183 | $ 162,434 | |
Segregated cash balances with brokers for futures contracts | 8,250 | 8,800 | |
Short-term U.S. government and agency obligations | 74,161,976 | 84,040,107 | |
Unrealized appreciation on forward agreements | 368,112 | ||
Receivable on open futures contracts | 2,320 | 3,260 | |
Total assets | 74,693,841 | 84,214,601 | |
Liabilities | |||
Management fee payable | 125,461 | 70,061 | |
Unrealized depreciation on forward agreements | 2,282,778 | ||
Total liabilities | $ 125,461 | $ 2,352,839 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 74,568,380 | $ 81,861,762 | |
Total liabilities and shareholders' equity | $ 74,693,841 | $ 84,214,601 | |
Shares outstanding | 696,978 | 846,978 | |
Net asset value per share | $ 106.99 | $ 96.65 | |
Market value per share | $ 106.63 | $ 100.22 | |
ProShares UltraShort Silver [Member] | |||
Assets | |||
Cash | $ 224,083 | $ 207,506 | |
Segregated cash balances with brokers for futures contracts | 13,200 | 14,300 | |
Short-term U.S. government and agency obligations | 55,416,227 | 52,226,692 | |
Unrealized appreciation on forward agreements | 799,523 | ||
Receivable on open futures contracts | 200 | 6,770 | |
Total assets | 55,653,710 | 53,254,791 | |
Liabilities | |||
Management fee payable | 85,289 | 42,354 | |
Unrealized depreciation on forward agreements | 523,519 | 204,570 | |
Total liabilities | $ 608,808 | $ 246,924 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 55,044,902 | $ 53,007,867 | |
Total liabilities and shareholders' equity | $ 55,653,710 | $ 53,254,791 | |
Shares outstanding | 458,489 | 458,489 | |
Net asset value per share | $ 120.06 | $ 115.61 | |
Market value per share | $ 122.16 | $ 119.39 | |
ProShares Short Euro [Member] | |||
Assets | |||
Cash | $ 8,522,289 | $ 1,640,225 | |
Segregated cash balances with brokers for futures contracts | 952,820 | 242,880 | |
Short-term U.S. government and agency obligations | 22,432,678 | 12,086,577 | |
Receivable from capital shares sold | 2,136,329 | ||
Receivable on open futures contracts | 199,376 | 63,250 | |
Total assets | 34,243,492 | 14,032,932 | |
Liabilities | |||
Management fee payable | 31,558 | 11,128 | |
Total liabilities | $ 31,558 | $ 11,128 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 34,211,934 | $ 14,021,804 | |
Total liabilities and shareholders' equity | $ 34,243,492 | $ 14,032,932 | |
Shares outstanding | 800,005 | 350,005 | |
Net asset value per share | $ 42.76 | $ 40.06 | |
Market value per share | $ 42.78 | $ 40.03 | |
ProShares UltraShort Australian Dollar [Member] | |||
Assets | |||
Cash | $ 2,534,753 | $ 1,788,757 | |
Segregated cash balances with brokers for futures contracts | 1,381,190 | 1,020,217 | |
Short-term U.S. government and agency obligations | 18,897,975 | 20,267,679 | |
Receivable on open futures contracts | 62,534 | ||
Total assets | 22,813,918 | 23,139,187 | |
Liabilities | |||
Payable on open futures contracts | 195,769 | ||
Management fee payable | 34,486 | 18,397 | |
Total liabilities | $ 230,255 | $ 18,397 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 22,583,663 | $ 23,120,790 | |
Total liabilities and shareholders' equity | $ 22,813,918 | $ 23,139,187 | |
Shares outstanding | 350,005 | 450,005 | |
Net asset value per share | $ 64.52 | $ 51.38 | |
Market value per share | $ 64.53 | $ 51.37 | |
ProShares UltraShort Euro [Member] | |||
Assets | |||
Cash | $ 271,847 | $ 746,454 | |
Short-term U.S. government and agency obligations | 542,602,902 | 487,111,117 | |
Unrealized appreciation on foreign currency forward contracts | 7,180,056 | 19,019,765 | |
Receivable from capital shares sold | 12,956,604 | ||
Total assets | 550,054,805 | 519,833,940 | |
Liabilities | |||
Management fee payable | 899,178 | 385,820 | |
Unrealized depreciation on foreign currency forward contracts | 1,876,489 | 2,256,771 | |
Total liabilities | $ 2,775,667 | $ 2,642,591 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 547,279,138 | $ 517,191,349 | |
Total liabilities and shareholders' equity | $ 550,054,805 | $ 519,833,940 | |
Shares outstanding | 22,450,014 | 23,950,014 | |
Net asset value per share | $ 24.38 | $ 21.59 | |
Market value per share | $ 24.36 | $ 21.61 | |
ProShares UltraShort Yen [Member] | |||
Assets | |||
Cash | $ 308,340 | $ 532,706 | |
Short-term U.S. government and agency obligations | 308,472,546 | 532,957,746 | |
Unrealized appreciation on foreign currency forward contracts | 78,122 | 571,149 | |
Total assets | 308,859,008 | 534,061,601 | |
Liabilities | |||
Payable for capital shares redeemed | 4,391,012 | ||
Management fee payable | 569,547 | 439,804 | |
Unrealized depreciation on foreign currency forward contracts | 968,851 | 2,149,924 | |
Total liabilities | $ 5,929,410 | $ 2,589,728 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 302,929,598 | $ 531,471,873 | |
Total liabilities and shareholders' equity | $ 308,859,008 | $ 534,061,601 | |
Shares outstanding | 3,449,294 | 5,949,294 | |
Net asset value per share | $ 87.82 | $ 89.33 | |
Market value per share | $ 87.82 | $ 89.30 | |
ProShares Ultra Bloomberg Commodity [Member] | |||
Assets | |||
Cash | $ 2,740,383 | $ 185,684 | |
Segregated cash balances for swap agreements | 906,000 | ||
Short-term U.S. government and agency obligations | 2,754,900 | ||
Total assets | 3,646,383 | 2,940,584 | |
Liabilities | |||
Management fee payable | 3,313 | 2,326 | |
Unrealized depreciation on swap agreements | 60,301 | 331,338 | |
Total liabilities | $ 63,614 | $ 333,664 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 3,582,769 | $ 2,606,920 | |
Total liabilities and shareholders' equity | $ 3,646,383 | $ 2,940,584 | |
Shares outstanding | 99,965 | 50,004 | |
Net asset value per share | $ 35.84 | $ 52.13 | |
Market value per share | $ 35.88 | $ 51.44 | |
ProShares Ultra Bloomberg Crude Oil [Member] | |||
Assets | |||
Cash | $ 3,908,458 | $ 2,349,384 | |
Segregated cash balances with brokers for futures contracts | 22,020,119 | 34,605,120 | |
Short-term U.S. government and agency obligations | 809,558,932 | 467,200,736 | |
Receivable from capital shares sold | 28,726,173 | ||
Total assets | 835,487,509 | 532,881,413 | |
Liabilities | |||
Payable on open futures contracts | 1,609,041 | 5,817,266 | |
Brokerage commissions and fees payable | 29,166 | ||
Management fee payable | 1,272,520 | 320,062 | |
Unrealized depreciation on swap agreements | 45,315,045 | 76,181,097 | |
Total liabilities | $ 48,225,772 | $ 82,318,425 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 787,261,737 | $ 450,562,988 | |
Total liabilities and shareholders' equity | $ 835,487,509 | $ 532,881,413 | |
Shares outstanding | 35,227,867 | 8,879,834 | |
Net asset value per share | $ 22.35 | $ 50.74 | |
Market value per share | $ 22.68 | $ 51.85 | |
ProShares Ultra Bloomberg Natural Gas [Member] | |||
Assets | |||
Cash | $ 2,278,102 | $ 1,653,582 | |
Segregated cash balances with brokers for futures contracts | 2,034,544 | 21,134,080 | |
Short-term U.S. government and agency obligations | 50,788,895 | 53,410,227 | |
Receivable from capital shares sold | 3,853,422 | ||
Total assets | 55,101,541 | 80,051,311 | |
Liabilities | |||
Payable on open futures contracts | 2,417,037 | 9,552,314 | |
Brokerage commissions and fees payable | 4,750 | ||
Management fee payable | 96,766 | 65,790 | |
Total liabilities | $ 2,518,553 | $ 9,618,104 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 52,582,988 | $ 70,433,207 | |
Total liabilities and shareholders' equity | $ 55,101,541 | $ 80,051,311 | |
Shares outstanding | 1,642,170 | 1,142,485 | |
Net asset value per share | $ 32.02 | $ 61.65 | |
Market value per share | $ 32.19 | $ 63.12 | |
ProShares Ultra Gold [Member] | |||
Assets | |||
Cash | $ 2,844,144 | $ 104,145 | |
Segregated cash balances with brokers for futures contracts | 8,250 | 8,800 | |
Short-term U.S. government and agency obligations | 79,793,461 | 101,927,857 | |
Unrealized appreciation on forward agreements | 2,051,154 | ||
Total assets | 82,645,855 | 104,091,956 | |
Liabilities | |||
Payable for capital shares redeemed | 1,999,718 | ||
Payable on open futures contracts | 2,320 | 3,260 | |
Management fee payable | 128,806 | 85,633 | |
Unrealized depreciation on forward agreements | 1,289,231 | ||
Total liabilities | $ 1,420,357 | $ 2,088,611 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 81,225,498 | $ 102,003,345 | |
Total liabilities and shareholders' equity | $ 82,645,855 | $ 104,091,956 | |
Shares outstanding | 2,450,014 | 2,550,014 | |
Net asset value per share | $ 33.15 | $ 40 | |
Market value per share | $ 33.23 | $ 38.41 | |
ProShares Ultra Silver [Member] | |||
Assets | |||
Cash | $ 245,186 | $ 305,004 | |
Segregated cash balances with brokers for futures contracts | 13,200 | 14,300 | |
Short-term U.S. government and agency obligations | 245,461,699 | 305,474,211 | |
Unrealized appreciation on forward agreements | 367,326 | ||
Total assets | 246,087,411 | 305,793,515 | |
Liabilities | |||
Payable for capital shares redeemed | 1,967,832 | ||
Payable on open futures contracts | 550 | 6,770 | |
Management fee payable | 412,916 | 254,050 | |
Unrealized depreciation on forward agreements | 492,732 | 12,395,120 | |
Total liabilities | $ 906,198 | $ 14,623,772 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 245,181,213 | $ 291,169,743 | |
Total liabilities and shareholders' equity | $ 246,087,411 | $ 305,793,515 | |
Shares outstanding | 7,896,533 | 7,396,533 | |
Net asset value per share | $ 31.05 | $ 39.37 | |
Market value per share | $ 30.53 | $ 38.05 | |
ProShares Ultra Euro [Member] | |||
Assets | |||
Cash | $ 218,955 | $ 671,117 | |
Short-term U.S. government and agency obligations | 10,695,537 | 2,415,698 | |
Unrealized appreciation on foreign currency forward contracts | 3,916 | 2,921 | |
Total assets | 10,918,408 | 3,089,736 | |
Liabilities | |||
Management fee payable | 17,660 | 2,003 | |
Unrealized depreciation on foreign currency forward contracts | 146,251 | 106,292 | |
Total liabilities | $ 163,911 | $ 108,295 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 10,754,497 | $ 2,981,441 | |
Total liabilities and shareholders' equity | $ 10,918,408 | $ 3,089,736 | |
Shares outstanding | 650,014 | 150,014 | |
Net asset value per share | $ 16.55 | $ 19.87 | |
Market value per share | $ 16.53 | $ 19.80 | |
ProShares Ultra Yen [Member] | |||
Assets | |||
Cash | $ 516,067 | $ 846,919 | |
Short-term U.S. government and agency obligations | 5,015,738 | 1,287,869 | |
Unrealized appreciation on foreign currency forward contracts | 11,644 | 404 | |
Total assets | 5,543,449 | 2,135,192 | |
Liabilities | |||
Management fee payable | 8,566 | 1,515 | |
Unrealized depreciation on foreign currency forward contracts | 492 | 15,649 | |
Total liabilities | $ 9,058 | $ 17,164 | |
Commitments and Contingencies | |||
Shareholders' equity | |||
Shareholders' equity | $ 5,534,391 | $ 2,118,028 | |
Total liabilities and shareholders' equity | $ 5,543,449 | $ 2,135,192 | |
Shares outstanding | 99,974 | 37,504 | |
Net asset value per share | $ 55.36 | $ 56.47 | |
Market value per share | $ 55.38 | $ 56.48 | |
[1] | Amounts include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. |
Statements of Financial Condit3
Statements of Financial Condition (Parenthetical) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Short-term U.S. government and agency obligations, cost | $ 3,281,880,201 | $ 3,005,824,301 |
ProShares VIX Short-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost | 88,528,469 | 82,086,464 |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost | 25,285,451 | 24,104,754 |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost | 606,101,455 | 446,972,637 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Short-term U.S. government and agency obligations, cost | 192,250,659 | 182,641,263 |
ProShares UltraShort Bloomberg Commodity [Member] | ||
Short-term U.S. government and agency obligations, cost | 6,062,754 | 4,233,396 |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Short-term U.S. government and agency obligations, cost | 131,359,782 | 131,592,367 |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Short-term U.S. government and agency obligations, cost | 9,168,763 | 8,672,527 |
ProShares UltraShort Gold [Member] | ||
Short-term U.S. government and agency obligations, cost | 74,156,465 | 84,038,905 |
ProShares UltraShort Silver [Member] | ||
Short-term U.S. government and agency obligations, cost | 55,411,040 | 52,225,712 |
ProShares Short Euro [Member] | ||
Short-term U.S. government and agency obligations, cost | 22,432,473 | 12,086,398 |
ProShares UltraShort Australian Dollar [Member] | ||
Short-term U.S. government and agency obligations, cost | 18,897,327 | 20,267,681 |
ProShares UltraShort Euro [Member] | ||
Short-term U.S. government and agency obligations, cost | 542,562,137 | 487,097,789 |
ProShares UltraShort Yen [Member] | ||
Short-term U.S. government and agency obligations, cost | 308,460,362 | 532,944,509 |
ProShares Ultra Bloomberg Commodity [Member] | ||
Short-term U.S. government and agency obligations, cost | 0 | 2,754,883 |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Short-term U.S. government and agency obligations, cost | 809,489,270 | 467,195,638 |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Short-term U.S. government and agency obligations, cost | 50,785,407 | 53,408,848 |
ProShares Ultra Gold [Member] | ||
Short-term U.S. government and agency obligations, cost | 79,786,929 | 101,925,636 |
ProShares Ultra Silver [Member] | ||
Short-term U.S. government and agency obligations, cost | 245,431,653 | 305,465,636 |
ProShares Ultra Euro [Member] | ||
Short-term U.S. government and agency obligations, cost | 10,695,915 | 2,415,732 |
ProShares Ultra Yen [Member] | ||
Short-term U.S. government and agency obligations, cost | $ 5,013,890 | $ 1,287,844 |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | ||||
Investment Income | |||||||
Interest | [1] | $ 283,914 | $ 223,800 | $ 946,945 | $ 954,921 | ||
Expenses | |||||||
Management fee | [1] | 8,276,639 | 6,638,426 | 26,470,056 | 20,189,853 | ||
Brokerage commissions and fees | [1] | 1,458,671 | 1,103,591 | 4,632,414 | 2,991,388 | ||
Offering costs | [1] | 16,581 | 49,203 | ||||
Limitation by Sponsor | [1] | (1,539) | |||||
Reduction in Limitation by Sponsor | [1] | 485 | |||||
Total expenses | [1] | 9,752,376 | 7,742,017 | 31,150,134 | 23,181,241 | ||
Net investment income (loss) | [1] | (9,468,462) | (7,518,217) | (30,203,189) | [2] | (22,226,320) | |
Net realized gain (loss) on | |||||||
Foreign currency forward contracts | [1] | (40,200,062) | 47,567,904 | 62,128,638 | 41,461,914 | ||
Short-term U.S. government and agency obligations | [1] | (1,053) | 36,987 | 161,365 | 125,433 | ||
Net realized gain (loss) | [1] | (300,439,720) | 93,426,026 | (756,502,481) | (172,026,296) | ||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | [1] | (131,925,029) | 88,565,200 | (20,936,275) | 83,333,081 | ||
Foreign currency forward contracts | [1] | 13,991,261 | 87,267,536 | (10,783,948) | 56,536,201 | ||
Short-term U.S. government and agency obligations | [1] | 214,467 | (11,313) | 199,969 | (118,782) | ||
Change in net unrealized appreciation/depreciation | [1] | (162,985,198) | 27,291,709 | (16,003,227) | 64,457,646 | ||
Net realized and unrealized gain (loss) | [1] | (463,424,918) | 120,717,735 | (772,505,708) | (107,568,650) | ||
Net income (loss) | [1] | (472,893,380) | 113,199,518 | (802,708,897) | [2] | (129,794,970) | [2] |
Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | [1] | 81,634,309 | 26,285,740 | (469,190,037) | (191,301,679) | ||
Swap Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | [1] | (291,982,643) | 14,171,355 | (279,256,847) | 11,100,356 | ||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | [1] | (55,411,844) | 12,217,102 | 5,055,280 | 569,899 | ||
Forward Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | [1] | (49,890,271) | 5,364,040 | (70,345,600) | (33,412,320) | ||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | [1] | 10,145,947 | (160,746,816) | 10,461,747 | (75,862,753) | ||
ProShares Managed Futures Strategy [Member] | |||||||
Expenses | |||||||
Brokerage commissions and fees | [3] | 2,206 | 5,724 | ||||
Offering costs | [3] | 16,581 | 49,203 | ||||
Limitation by Sponsor | [3] | (1,539) | |||||
Reduction in Limitation by Sponsor | [3] | 485 | |||||
Total expenses | [3] | 19,272 | 53,388 | ||||
Net investment income (loss) | [3] | (19,272) | (53,388) | ||||
Net realized gain (loss) on | |||||||
Net realized gain (loss) | [3] | (180,345) | (262,050) | ||||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | [3] | 208,302 | (1,145) | ||||
Change in net unrealized appreciation/depreciation | [3] | 208,302 | (1,145) | ||||
Net realized and unrealized gain (loss) | [3] | 27,957 | (263,195) | ||||
Net income (loss) | [3] | $ 8,685 | $ (316,583) | [4] | |||
Net income (loss) per weighted-average share | [3] | $ 0.02 | $ (0.78) | ||||
Weighted-average shares outstanding | [3] | 440,771 | 406,054 | ||||
ProShares Managed Futures Strategy [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | [3] | $ (180,345) | $ (262,050) | ||||
ProShares VIX Short-Term Futures ETF [Member] | |||||||
Investment Income | |||||||
Interest | 9,963 | 6,363 | 31,098 | 40,577 | |||
Expenses | |||||||
Management fee | 279,410 | 235,234 | 839,732 | 849,283 | |||
Brokerage commissions and fees | 49,114 | 24,499 | 115,986 | 24,499 | |||
Total expenses | 328,524 | 259,733 | 955,718 | 873,782 | |||
Net investment income (loss) | (318,561) | (253,370) | (924,620) | (833,205) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (1,235) | 2,249 | 1,928 | 13,481 | |||
Net realized gain (loss) | 63,978,915 | (2,987,868) | 3,414,162 | (28,423,976) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (12,755,774) | 19,045,502 | (5,109,937) | 29,084,702 | |||
Short-term U.S. government and agency obligations | 2,804 | (2,706) | 3,304 | (9,819) | |||
Change in net unrealized appreciation/depreciation | (12,752,970) | 19,042,796 | (5,106,633) | 29,074,883 | |||
Net realized and unrealized gain (loss) | 51,225,945 | 16,054,928 | (1,692,471) | 650,907 | |||
Net income (loss) | $ 50,907,384 | $ 15,801,558 | $ (2,617,091) | $ (182,298) | |||
Net income (loss) per weighted-average share | $ 5.15 | $ 2.77 | $ (0.29) | $ (0.03) | |||
Weighted-average shares outstanding | 9,892,475 | 5,708,779 | 8,981,039 | 5,489,922 | |||
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 63,980,150 | $ (2,990,117) | $ 3,412,234 | $ (28,437,457) | |||
ProShares VIX Mid-Term Futures ETF [Member] | |||||||
Investment Income | |||||||
Interest | 1,084 | 3,406 | 5,960 | 13,659 | |||
Expenses | |||||||
Management fee | 58,899 | 92,676 | 173,165 | 310,124 | |||
Brokerage commissions and fees | 1,686 | 2,966 | 13,649 | 2,966 | |||
Total expenses | 60,585 | 95,642 | 186,814 | 313,090 | |||
Net investment income (loss) | (59,501) | (92,236) | (180,854) | (299,431) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 22 | 55 | 1,330 | 1,772 | |||
Net realized gain (loss) | 632,005 | (4,036,024) | (2,290,055) | (16,098,628) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | 3,760,350 | 5,996,790 | 3,199,340 | 7,398,429 | |||
Short-term U.S. government and agency obligations | 594 | 655 | (365) | (106) | |||
Change in net unrealized appreciation/depreciation | 3,760,944 | 5,997,445 | 3,198,975 | 7,398,323 | |||
Net realized and unrealized gain (loss) | 4,392,949 | 1,961,421 | 908,920 | (8,700,305) | |||
Net income (loss) | $ 4,333,448 | $ 1,869,185 | $ 728,066 | $ (8,999,736) | |||
Net income (loss) per weighted-average share | $ 8.89 | $ 2.62 | $ 1.56 | $ (12.71) | |||
Weighted-average shares outstanding | 487,404 | 712,365 | 465,243 | 708,312 | |||
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 631,983 | $ (4,036,079) | $ (2,291,385) | $ (16,100,400) | |||
ProShares Short VIX Short-Term Futures ETF [Member] | |||||||
Investment Income | |||||||
Interest | 34,056 | 16,267 | 78,709 | 60,496 | |||
Expenses | |||||||
Management fee | 939,029 | 620,236 | 2,522,692 | 1,610,858 | |||
Brokerage commissions and fees | 470,319 | 385,191 | 1,263,889 | 949,948 | |||
Total expenses | 1,409,348 | 1,005,427 | 3,786,581 | 2,560,806 | |||
Net investment income (loss) | (1,375,292) | (989,160) | (3,707,872) | (2,500,310) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (8,165) | 7,571 | 22,472 | 17,530 | |||
Net realized gain (loss) | (74,076,312) | 18,154,494 | 35,802,720 | 94,432,504 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (45,302,831) | (33,969,073) | (45,530,343) | (33,165,401) | |||
Short-term U.S. government and agency obligations | 54,041 | (2,468) | 52,752 | (6,489) | |||
Change in net unrealized appreciation/depreciation | (45,248,790) | (33,971,541) | (45,477,591) | (33,171,890) | |||
Net realized and unrealized gain (loss) | (119,325,102) | (15,817,047) | (9,674,871) | 61,260,614 | |||
Net income (loss) | $ (120,700,394) | $ (16,806,207) | $ (13,382,743) | $ 58,760,304 | |||
Net income (loss) per weighted-average share | $ (18.06) | $ (5.40) | $ (2.37) | $ 18.53 | |||
Weighted-average shares outstanding | 6,682,105 | 3,109,823 | 5,658,282 | 3,171,835 | |||
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ (74,068,147) | $ 18,146,923 | $ 35,780,248 | $ 94,414,974 | |||
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||||||
Investment Income | |||||||
Interest | 22,679 | 13,610 | 87,173 | 55,542 | |||
Expenses | |||||||
Management fee | 807,006 | 689,515 | 3,205,706 | 2,064,694 | |||
Brokerage commissions and fees | 660,215 | 632,234 | 2,378,733 | 1,802,162 | |||
Total expenses | 1,467,221 | 1,321,749 | 5,584,439 | 3,866,856 | |||
Net investment income (loss) | (1,444,542) | (1,308,139) | (5,497,266) | (3,811,314) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 15,079 | 9,696 | 31,578 | 23,760 | |||
Net realized gain (loss) | 245,662,014 | (4,709,504) | (291,204,571) | (255,418,727) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (63,658,535) | 89,185,433 | (14,741,278) | 72,661,998 | |||
Short-term U.S. government and agency obligations | (610) | (5,896) | 10,341 | (9,852) | |||
Change in net unrealized appreciation/depreciation | (63,659,145) | 89,179,537 | (14,730,937) | 72,652,146 | |||
Net realized and unrealized gain (loss) | 182,002,869 | 84,470,033 | (305,935,508) | (182,766,581) | |||
Net income (loss) | $ 180,558,327 | $ 83,161,894 | $ (311,432,774) | $ (186,577,895) | |||
Net income (loss) per weighted-average share | $ 20.73 | $ 37.37 | $ (37.56) | $ (122.34) | |||
Weighted-average shares outstanding | 8,711,687 | 2,225,650 | 8,290,985 | 1,525,122 | |||
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 245,646,935 | $ (4,719,200) | $ (291,236,149) | $ (255,442,487) | |||
ProShares UltraShort Bloomberg Commodity [Member] | |||||||
Investment Income | |||||||
Interest | 407 | 295 | 1,403 | 947 | |||
Expenses | |||||||
Management fee | 15,461 | 8,827 | 41,048 | 24,737 | |||
Total expenses | 15,461 | 8,827 | 41,048 | 24,737 | |||
Net investment income (loss) | (15,054) | (8,532) | (39,645) | (23,790) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 3 | 16 | 3 | ||||
Net realized gain (loss) | 1,287,180 | 502,115 | 2,068,214 | (3,519) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Short-term U.S. government and agency obligations | 177 | 75 | 59 | 10 | |||
Change in net unrealized appreciation/depreciation | 447,822 | 401,185 | (357,127) | 379,066 | |||
Net realized and unrealized gain (loss) | 1,735,002 | 903,300 | 1,711,087 | 375,547 | |||
Net income (loss) | $ 1,719,948 | $ 894,768 | $ 1,671,442 | $ 351,757 | |||
Net income (loss) per weighted-average share | $ 28.67 | $ 14.91 | $ 27.86 | $ 5.86 | |||
Weighted-average shares outstanding | 59,997 | 59,997 | 59,997 | 59,997 | |||
ProShares UltraShort Bloomberg Commodity [Member] | Swap Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 1,287,180 | $ 502,112 | $ 2,068,198 | $ (3,522) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | 447,645 | 401,110 | (357,186) | 379,056 | |||
ProShares UltraShort Bloomberg Crude Oil [Member] | |||||||
Investment Income | |||||||
Interest | 9,198 | 24,612 | 45,693 | 100,900 | |||
Expenses | |||||||
Management fee | 409,809 | 648,492 | 1,681,411 | 2,113,748 | |||
Brokerage commissions and fees | 62,572 | 15,423 | 187,715 | 55,085 | |||
Total expenses | 472,381 | 663,915 | 1,869,126 | 2,168,833 | |||
Net investment income (loss) | (463,183) | (639,303) | (1,823,433) | (2,067,933) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (127) | 6,685 | 15,363 | 17,002 | |||
Net realized gain (loss) | 86,619,380 | 42,556,429 | 47,579,514 | (1,278,263) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (8,337,913) | 11,667,166 | (19,916,290) | 7,731,298 | |||
Short-term U.S. government and agency obligations | 4,716 | (1,209) | 3,624 | (9,845) | |||
Change in net unrealized appreciation/depreciation | (593,425) | 29,108,049 | (45,637,289) | 11,391,293 | |||
Net realized and unrealized gain (loss) | 86,025,955 | 71,664,478 | 1,942,225 | 10,113,030 | |||
Net income (loss) | $ 85,562,772 | $ 71,025,175 | $ 118,792 | $ 8,045,097 | |||
Net income (loss) per weighted-average share | $ 42.91 | $ 7.27 | $ 0.04 | $ 0.76 | |||
Weighted-average shares outstanding | 1,993,857 | 9,770,487 | 3,256,574 | 10,591,189 | |||
ProShares UltraShort Bloomberg Crude Oil [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 47,450,674 | $ 18,002,176 | $ 26,325,398 | $ (5,265,003) | |||
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | 39,168,833 | 24,547,568 | 21,238,753 | 3,969,738 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | 7,739,772 | 17,442,092 | (25,724,623) | 3,669,840 | |||
ProShares UltraShort Bloomberg Natural Gas [Member] | |||||||
Investment Income | |||||||
Interest | 880 | 2,392 | 2,460 | 15,332 | |||
Expenses | |||||||
Management fee | 26,131 | 73,623 | 83,818 | 352,678 | |||
Brokerage commissions and fees | 12,059 | 14,788 | 45,601 | 76,540 | |||
Total expenses | 38,190 | 88,411 | 129,419 | 429,218 | |||
Net investment income (loss) | (37,310) | (86,019) | (126,959) | (413,886) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (246) | 752 | 343 | 5,189 | |||
Net realized gain (loss) | 1,310,640 | 13,918,788 | 6,412,870 | 2,737,682 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | 2,386,865 | (4,337,530) | (1,527,541) | (2,911,986) | |||
Short-term U.S. government and agency obligations | 878 | 519 | 764 | (18) | |||
Change in net unrealized appreciation/depreciation | 2,387,743 | (4,337,011) | (1,526,777) | (2,912,004) | |||
Net realized and unrealized gain (loss) | 3,698,383 | 9,581,777 | 4,886,093 | (174,322) | |||
Net income (loss) | $ 3,661,073 | $ 9,495,758 | $ 4,759,134 | $ (588,208) | |||
Net income (loss) per weighted-average share | $ 26.43 | $ 15.21 | $ 32.19 | $ (0.51) | |||
Weighted-average shares outstanding | 138,538 | 624,408 | 147,845 | 1,154,439 | |||
ProShares UltraShort Bloomberg Natural Gas [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 1,310,886 | $ 13,918,036 | $ 6,412,527 | $ 2,732,493 | |||
ProShares UltraShort Gold [Member] | |||||||
Investment Income | |||||||
Interest | 7,442 | 7,015 | 22,233 | 34,960 | |||
Expenses | |||||||
Management fee | 189,154 | 192,878 | 557,050 | 689,861 | |||
Brokerage commissions and fees | 8 | 8 | 33 | 32 | |||
Total expenses | 189,162 | 192,886 | 557,083 | 689,893 | |||
Net investment income (loss) | (181,720) | (185,871) | (534,850) | (654,933) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 3,107 | 843 | 2,683 | 3,054 | |||
Net realized gain (loss) | 5,632,017 | (4,375,421) | 7,024,594 | (12,647,502) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (1,730) | 24,240 | 13,160 | 4,880 | |||
Short-term U.S. government and agency obligations | 4,194 | (2,534) | 4,309 | (191) | |||
Change in net unrealized appreciation/depreciation | 367,548 | 16,208,294 | 2,668,359 | (25,284) | |||
Net realized and unrealized gain (loss) | 5,999,565 | 11,832,873 | 9,692,953 | (12,672,786) | |||
Net income (loss) | $ 5,817,845 | $ 11,647,002 | $ 9,158,103 | $ (13,327,719) | |||
Net income (loss) per weighted-average share | $ 7.83 | $ 12.68 | $ 11.51 | $ (12.16) | |||
Weighted-average shares outstanding | 743,173 | 918,717 | 795,512 | 1,096,428 | |||
ProShares UltraShort Gold [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 13,430 | $ (1,900) | $ 1,430 | $ (6,330) | |||
ProShares UltraShort Gold [Member] | Forward Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | 5,615,480 | (4,374,364) | 7,020,481 | (12,644,226) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | 365,084 | 16,186,588 | 2,650,890 | (29,973) | |||
ProShares UltraShort Silver [Member] | |||||||
Investment Income | |||||||
Interest | 3,685 | 5,567 | 13,863 | 26,362 | |||
Expenses | |||||||
Management fee | 132,942 | 134,847 | 391,994 | 479,955 | |||
Brokerage commissions and fees | 8 | 9 | 33 | 33 | |||
Total expenses | 132,950 | 134,856 | 392,027 | 479,988 | |||
Net investment income (loss) | (129,265) | (129,289) | (378,164) | (453,626) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (88) | 1,921 | 546 | 3,931 | |||
Net realized gain (loss) | 9,309,270 | (1,121,493) | 7,379,053 | (1,278,772) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | 5,830 | 31,600 | 7,160 | 490 | |||
Short-term U.S. government and agency obligations | 5,187 | (505) | 4,207 | (2,409) | |||
Change in net unrealized appreciation/depreciation | (3,066,914) | 22,946,203 | (1,107,105) | 14,577,833 | |||
Net realized and unrealized gain (loss) | 6,242,356 | 21,824,710 | 6,271,948 | 13,299,061 | |||
Net income (loss) | $ 6,113,091 | $ 21,695,421 | $ 5,893,784 | $ 12,845,435 | |||
Net income (loss) per weighted-average share | $ 13.01 | $ 31.25 | $ 11.46 | $ 15.59 | |||
Weighted-average shares outstanding | 469,901 | 694,358 | 514,166 | 824,057 | |||
ProShares UltraShort Silver [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 5,300 | $ (4,375) | $ 5,325 | $ 10,875 | |||
ProShares UltraShort Silver [Member] | Forward Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | 9,304,058 | (1,119,039) | 7,373,182 | (1,293,578) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | (3,077,931) | 22,915,108 | (1,118,472) | 14,579,752 | |||
ProShares Short Euro [Member] | |||||||
Investment Income | |||||||
Interest | 989 | 1,279 | 3,652 | 3,684 | |||
Expenses | |||||||
Management fee | 47,369 | 38,144 | 132,555 | 83,705 | |||
Brokerage commissions and fees | 1,232 | 564 | 2,951 | 1,262 | |||
Total expenses | 48,601 | 38,708 | 135,506 | 84,967 | |||
Net investment income (loss) | (47,612) | (37,429) | (131,854) | (81,283) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 48 | 48 | 258 | ||||
Net realized gain (loss) | 45,349 | 767,314 | 1,196,111 | 926,106 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (77,413) | 541,828 | (224,456) | 463,900 | |||
Short-term U.S. government and agency obligations | 16 | (150) | 26 | (474) | |||
Change in net unrealized appreciation/depreciation | (77,397) | 541,678 | (224,430) | 463,426 | |||
Net realized and unrealized gain (loss) | (32,048) | 1,308,992 | 971,681 | 1,389,532 | |||
Net income (loss) | $ (79,660) | $ 1,271,563 | $ 839,827 | $ 1,308,249 | |||
Net income (loss) per weighted-average share | $ (0.17) | $ 2.94 | $ 1.94 | $ 4.02 | |||
Weighted-average shares outstanding | 459,788 | 433,157 | 432,056 | 325,646 | |||
ProShares Short Euro [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 45,301 | $ 767,314 | $ 1,196,063 | $ 925,848 | |||
ProShares UltraShort Australian Dollar [Member] | |||||||
Investment Income | |||||||
Interest | 1,058 | 1,375 | 2,914 | 7,366 | |||
Expenses | |||||||
Management fee | 51,046 | 49,101 | 149,028 | 157,466 | |||
Brokerage commissions and fees | 4,427 | 2,854 | 12,027 | 9,220 | |||
Total expenses | 55,473 | 51,955 | 161,055 | 166,686 | |||
Net investment income (loss) | (54,415) | (50,580) | (158,141) | (159,320) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 5 | 226 | 492 | ||||
Net realized gain (loss) | 3,397,069 | 549,800 | 5,931,063 | (1,375,251) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | 146,750 | 2,249,440 | (694,191) | 968,995 | |||
Short-term U.S. government and agency obligations | 554 | (523) | 650 | (2,002) | |||
Change in net unrealized appreciation/depreciation | 147,304 | 2,248,917 | (693,541) | 966,993 | |||
Net realized and unrealized gain (loss) | 3,544,373 | 2,798,717 | 5,237,522 | (408,258) | |||
Net income (loss) | $ 3,489,958 | $ 2,748,137 | $ 5,079,381 | $ (567,578) | |||
Net income (loss) per weighted-average share | $ 9.97 | $ 5.54 | $ 13.69 | $ (1.10) | |||
Weighted-average shares outstanding | 350,005 | 495,657 | 371,067 | 515,573 | |||
ProShares UltraShort Australian Dollar [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ 3,397,069 | $ 549,795 | $ 5,930,837 | $ (1,375,743) | |||
ProShares UltraShort Euro [Member] | |||||||
Investment Income | |||||||
Interest | 41,312 | 41,636 | 163,405 | 170,287 | |||
Expenses | |||||||
Management fee | 1,393,074 | 1,111,745 | 4,000,943 | 3,090,163 | |||
Total expenses | 1,393,074 | 1,111,745 | 4,000,943 | 3,090,163 | |||
Net investment income (loss) | (1,351,762) | (1,070,109) | (3,837,538) | (2,919,876) | |||
Net realized gain (loss) on | |||||||
Foreign currency forward contracts | (8,177,791) | 32,039,809 | 69,763,997 | 25,744,724 | |||
Short-term U.S. government and agency obligations | 7,012 | 2,005 | 22,878 | 4,490 | |||
Net realized gain (loss) | (8,170,779) | 32,041,814 | 69,786,875 | 25,749,214 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Foreign currency forward contracts | 827,483 | 42,910,400 | (11,459,427) | 51,071,566 | |||
Short-term U.S. government and agency obligations | 35,266 | (9,136) | 27,437 | (23,930) | |||
Change in net unrealized appreciation/depreciation | 862,749 | 42,901,264 | (11,431,990) | 51,047,636 | |||
Net realized and unrealized gain (loss) | (7,308,030) | 74,943,078 | 58,354,885 | 76,796,850 | |||
Net income (loss) | $ (8,659,792) | $ 73,872,969 | $ 54,517,347 | $ 73,876,974 | |||
Net income (loss) per weighted-average share | $ (0.37) | $ 2.89 | $ 2.41 | $ 2.97 | |||
Weighted-average shares outstanding | 23,492,405 | 25,554,362 | 22,591,589 | 24,893,054 | |||
ProShares UltraShort Yen [Member] | |||||||
Investment Income | |||||||
Interest | $ 28,980 | $ 28,871 | $ 113,947 | $ 163,880 | |||
Expenses | |||||||
Management fee | 894,286 | 894,941 | 3,069,183 | 2,800,653 | |||
Total expenses | 894,286 | 894,941 | 3,069,183 | 2,800,653 | |||
Net investment income (loss) | (865,306) | (866,070) | (2,955,236) | (2,636,773) | |||
Net realized gain (loss) on | |||||||
Foreign currency forward contracts | (32,435,377) | 15,787,084 | (6,900,989) | 15,952,890 | |||
Short-term U.S. government and agency obligations | 107 | 994 | 4,415 | 12,611 | |||
Net realized gain (loss) | (32,435,270) | 15,788,078 | (6,896,574) | 15,965,501 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Foreign currency forward contracts | 13,321,397 | 44,778,863 | 688,046 | 5,744,569 | |||
Short-term U.S. government and agency obligations | 6,858 | 8,059 | (1,053) | (31,958) | |||
Change in net unrealized appreciation/depreciation | 13,328,255 | 44,786,922 | 686,993 | 5,712,611 | |||
Net realized and unrealized gain (loss) | (19,107,015) | 60,575,000 | (6,209,581) | 21,678,112 | |||
Net income (loss) | $ (19,972,321) | $ 59,708,930 | $ (9,164,817) | $ 19,041,339 | |||
Net income (loss) per weighted-average share | $ (4.91) | $ 10.90 | $ (1.91) | $ 3.25 | |||
Weighted-average shares outstanding | 4,068,859 | 5,478,642 | 4,796,364 | 5,862,481 | |||
ProShares Ultra Bloomberg Commodity [Member] | |||||||
Investment Income | |||||||
Interest | $ 39 | $ 351 | $ 525 | $ 1,070 | |||
Expenses | |||||||
Management fee | 5,116 | 9,295 | 16,884 | 24,709 | |||
Total expenses | 5,116 | 9,295 | 16,884 | 24,709 | |||
Net investment income (loss) | (5,077) | (8,944) | (16,359) | (23,639) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | 1 | 19 | (6) | 19 | |||
Net realized gain (loss) | (520,395) | (651,766) | (1,033,389) | (274,820) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Short-term U.S. government and agency obligations | (21) | 84 | (17) | 35 | |||
Change in net unrealized appreciation/depreciation | (156,479) | (339,514) | 271,020 | (345,597) | |||
Net realized and unrealized gain (loss) | (676,874) | (991,280) | (762,369) | (620,417) | |||
Net income (loss) | $ (681,951) | $ (1,000,224) | $ (778,728) | $ (644,056) | |||
Net income (loss) per weighted-average share | $ (12.56) | $ (20) | $ (14.95) | $ (15.35) | |||
Weighted-average shares outstanding | 54,312 | 50,004 | 52,093 | 41,945 | |||
ProShares Ultra Bloomberg Commodity [Member] | Swap Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ (520,396) | $ (651,785) | $ (1,033,383) | $ (274,839) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | (156,458) | (339,598) | 271,037 | (345,632) | |||
ProShares Ultra Bloomberg Crude Oil [Member] | |||||||
Investment Income | |||||||
Interest | 75,891 | 11,935 | 217,460 | 44,923 | |||
Expenses | |||||||
Management fee | 2,012,640 | 333,837 | 6,257,893 | 908,339 | |||
Brokerage commissions and fees | 148,396 | 7,661 | 449,106 | 24,160 | |||
Total expenses | 2,161,036 | 341,498 | 6,706,999 | 932,499 | |||
Net investment income (loss) | (2,085,145) | (329,563) | (6,489,539) | (887,576) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (3,934) | 2,046 | 56,938 | 10,004 | |||
Net realized gain (loss) | (529,903,521) | (16,408,215) | (497,221,597) | 14,607,512 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | 4,743,818 | (7,190,259) | 42,513,527 | (6,693,816) | |||
Short-term U.S. government and agency obligations | 64,175 | (1,104) | 64,564 | (11,766) | |||
Change in net unrealized appreciation/depreciation | (58,634,810) | (12,477,865) | 73,444,143 | (9,838,947) | |||
Net realized and unrealized gain (loss) | (588,538,331) | (28,886,080) | (423,777,454) | 4,768,565 | |||
Net income (loss) | $ (590,623,476) | $ (29,215,643) | $ (430,266,993) | $ 3,880,989 | |||
Net income (loss) per weighted-average share | $ (18.39) | $ (34.48) | $ (17.28) | $ 5.03 | |||
Weighted-average shares outstanding | 32,116,997 | 847,225 | 24,903,035 | 771,153 | |||
ProShares Ultra Bloomberg Crude Oil [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ (197,981,324) | $ (6,183,721) | $ (195,748,120) | $ 7,188,529 | |||
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | (331,918,263) | (10,226,540) | (301,530,415) | 7,408,979 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | (63,442,803) | (5,286,502) | 30,866,052 | (3,133,365) | |||
ProShares Ultra Bloomberg Natural Gas [Member] | |||||||
Investment Income | |||||||
Interest | 3,636 | 3,296 | 15,020 | 11,380 | |||
Expenses | |||||||
Management fee | 147,696 | 114,501 | 479,185 | 264,587 | |||
Brokerage commissions and fees | 46,406 | 17,003 | 156,022 | 44,280 | |||
Total expenses | 194,102 | 131,504 | 635,207 | 308,867 | |||
Net investment income (loss) | (190,466) | (128,208) | (620,187) | (297,487) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (181) | 306 | 4,630 | 3,519 | |||
Net realized gain (loss) | (8,595,838) | (7,086,791) | (58,399,470) | 9,882,248 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (13,040,143) | 5,766,729 | 20,999,849 | 8,012,503 | |||
Short-term U.S. government and agency obligations | 2,650 | 479 | 2,109 | (2,382) | |||
Change in net unrealized appreciation/depreciation | (13,037,493) | 5,767,208 | 21,001,958 | 8,010,121 | |||
Net realized and unrealized gain (loss) | (21,633,331) | (1,319,583) | (37,397,512) | 17,892,369 | |||
Net income (loss) | $ (21,823,797) | $ (1,447,791) | $ (38,017,699) | $ 17,594,882 | |||
Net income (loss) per weighted-average share | $ (14.50) | $ (4.17) | $ (26.50) | $ 76.10 | |||
Weighted-average shares outstanding | 1,505,213 | 347,377 | 1,434,837 | 231,222 | |||
ProShares Ultra Bloomberg Natural Gas [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ (8,595,657) | $ (7,087,097) | $ (58,404,100) | $ 9,878,729 | |||
ProShares Ultra Gold [Member] | |||||||
Investment Income | |||||||
Interest | 5,853 | 13,569 | 27,485 | 45,026 | |||
Expenses | |||||||
Management fee | 195,929 | 307,247 | 657,667 | 953,309 | |||
Brokerage commissions and fees | 8 | 8 | 33 | 32 | |||
Total expenses | 195,937 | 307,255 | 657,700 | 953,341 | |||
Net investment income (loss) | (190,084) | (293,686) | (630,215) | (908,315) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (3,445) | 985 | (1,245) | 1,708 | |||
Net realized gain (loss) | (8,324,354) | 1,376,176 | (12,230,086) | 3,321,383 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | 1,780 | (24,220) | (13,220) | (4,840) | |||
Short-term U.S. government and agency obligations | 6,644 | (969) | 4,311 | 5,177 | |||
Change in net unrealized appreciation/depreciation | (865,903) | (21,378,723) | (3,349,294) | (1,312,308) | |||
Net realized and unrealized gain (loss) | (9,190,257) | (20,002,547) | (15,579,380) | 2,009,075 | |||
Net income (loss) | $ (9,380,341) | $ (20,296,233) | $ (16,209,595) | $ 1,100,760 | |||
Net income (loss) per weighted-average share | $ (3.90) | $ (7.26) | $ (6.62) | $ 0.38 | |||
Weighted-average shares outstanding | 2,402,731 | 2,795,123 | 2,448,915 | 2,878,769 | |||
ProShares Ultra Gold [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ (13,520) | $ 1,880 | $ (1,660) | $ 6,320 | |||
ProShares Ultra Gold [Member] | Forward Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | (8,307,389) | 1,373,311 | (12,227,181) | 3,313,355 | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | (874,327) | (21,353,534) | (3,340,385) | (1,312,645) | |||
ProShares Ultra Silver [Member] | |||||||
Investment Income | |||||||
Interest | 35,179 | 41,216 | 109,726 | 155,173 | |||
Expenses | |||||||
Management fee | 631,618 | 1,064,643 | 2,085,125 | 3,351,080 | |||
Brokerage commissions and fees | 15 | 5 | 42 | 35 | |||
Total expenses | 631,633 | 1,064,648 | 2,085,167 | 3,351,115 | |||
Net investment income (loss) | (596,454) | (1,023,432) | (1,975,441) | (3,195,942) | |||
Net realized gain (loss) on | |||||||
Short-term U.S. government and agency obligations | (8,981) | 834 | (2,867) | 6,514 | |||
Net realized gain (loss) | (56,519,826) | 9,487,791 | (72,523,674) | (22,790,907) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Futures contracts | (4,385) | (37,835) | (7,735) | (15,180) | |||
Short-term U.S. government and agency obligations | 25,121 | 5,748 | 21,471 | (12,085) | |||
Change in net unrealized appreciation/depreciation | 13,753,857 | (178,527,065) | 12,283,450 | (89,127,152) | |||
Net realized and unrealized gain (loss) | (42,765,969) | (169,039,274) | (60,240,224) | (111,918,059) | |||
Net income (loss) | $ (43,362,423) | $ (170,062,706) | $ (62,215,665) | $ (115,114,001) | |||
Net income (loss) per weighted-average share | $ (5.37) | $ (23.96) | $ (8.10) | $ (15.80) | |||
Weighted-average shares outstanding | 8,073,163 | 7,096,533 | 7,683,346 | 7,283,608 | |||
ProShares Ultra Silver [Member] | Futures Contracts [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | $ (8,426) | $ 2,825 | $ (8,725) | $ (9,550) | |||
ProShares Ultra Silver [Member] | Forward Agreements [Member] | |||||||
Net realized gain (loss) on | |||||||
Gain (loss) on sale of derivatives | (56,502,419) | 9,484,132 | (72,512,082) | (22,787,871) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Unrealized gain (loss) on derivatives | 13,733,121 | (178,494,978) | 12,269,714 | (89,099,887) | |||
ProShares Ultra Euro [Member] | |||||||
Investment Income | |||||||
Interest | 514 | 231 | 2,076 | 936 | |||
Expenses | |||||||
Management fee | 27,210 | 5,760 | 78,687 | 17,908 | |||
Total expenses | 27,210 | 5,760 | 78,687 | 17,908 | |||
Net investment income (loss) | (26,696) | (5,529) | (76,611) | (16,972) | |||
Net realized gain (loss) on | |||||||
Foreign currency forward contracts | 68,814 | (172,537) | (559,487) | (127,652) | |||
Short-term U.S. government and agency obligations | (27) | (8) | 33 | (8) | |||
Net realized gain (loss) | 68,787 | (172,545) | (559,454) | (127,660) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Foreign currency forward contracts | (8,853) | (212,588) | (38,964) | (282,823) | |||
Short-term U.S. government and agency obligations | (486) | 30 | (344) | (103) | |||
Change in net unrealized appreciation/depreciation | (9,339) | (212,558) | (39,308) | (282,926) | |||
Net realized and unrealized gain (loss) | 59,448 | (385,103) | (598,762) | (410,586) | |||
Net income (loss) | $ 32,752 | $ (390,632) | $ (675,373) | $ (427,558) | |||
Net income (loss) per weighted-average share | $ 0.05 | $ (3.91) | $ (1) | $ (4.27) | |||
Weighted-average shares outstanding | 690,775 | 100,014 | 673,457 | 100,014 | |||
ProShares Ultra Yen [Member] | |||||||
Investment Income | |||||||
Interest | $ 1,069 | $ 167 | $ 1,819 | $ 988 | |||
Expenses | |||||||
Management fee | 12,814 | 4,546 | 35,135 | 17,855 | |||
Total expenses | 12,814 | 4,546 | 35,135 | 17,855 | |||
Net investment income (loss) | (11,745) | (4,379) | (33,316) | (16,867) | |||
Net realized gain (loss) on | |||||||
Foreign currency forward contracts | 344,294 | (86,452) | (174,883) | (108,048) | |||
Short-term U.S. government and agency obligations | 7 | 8 | 85 | ||||
Net realized gain (loss) | 344,294 | (86,445) | (174,875) | (107,963) | |||
Change in net unrealized appreciation/depreciation on | |||||||
Foreign currency forward contracts | (148,766) | (209,139) | 26,397 | 2,889 | |||
Short-term U.S. government and agency obligations | 1,709 | 76 | 1,823 | (271) | |||
Change in net unrealized appreciation/depreciation | (147,057) | (209,063) | 28,220 | 2,618 | |||
Net realized and unrealized gain (loss) | 197,237 | (295,508) | (146,655) | (105,345) | |||
Net income (loss) | $ 185,492 | $ (299,887) | $ (179,971) | $ (122,212) | |||
Net income (loss) per weighted-average share | $ 1.86 | $ (11.99) | $ (1.99) | $ 3.78 | |||
Weighted-average shares outstanding | 99,974 | 25,004 | 90,375 | 32,330 | |||
[1] | The operations include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. | ||||||
[2] | Amounts include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. | ||||||
[3] | Since the Fund commenced investment operations on October 1, 2014, the Statements of Operations for the three and nine months ended September 30, 2014 have not been provided. | ||||||
[4] | Since the Fund commenced investment operations on October 1, 2014, the Statement of Cash Flows for the nine months ended September 30, 2014 has not been provided. |
Statements of Changes in Shareh
Statements of Changes in Shareholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) | Total | [1] | ProShares Managed Futures Strategy [Member] | ProShares VIX Short-Term Futures ETF [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ProShares UltraShort Bloomberg Commodity [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ProShares UltraShort Gold [Member] | ProShares UltraShort Silver [Member] | ProShares Short Euro [Member] | ProShares UltraShort Australian Dollar [Member] | ProShares UltraShort Euro [Member] | ProShares UltraShort Yen [Member] | ProShares Ultra Bloomberg Commodity [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ProShares Ultra Gold [Member] | ProShares Ultra Silver [Member] | ProShares Ultra Euro [Member] | ProShares Ultra Yen [Member] | |
Beginning balance at Dec. 31, 2014 | $ 3,332,060,486 | $ 6,340,845 | $ 111,459,325 | $ 21,459,575 | $ 506,556,124 | $ 351,789,953 | $ 5,264,706 | $ 169,210,110 | $ 14,688,564 | $ 81,861,762 | $ 53,007,867 | $ 14,021,804 | $ 23,120,790 | $ 517,191,349 | $ 531,471,873 | $ 2,606,920 | $ 450,562,988 | $ 70,433,207 | $ 102,003,345 | $ 291,169,743 | $ 2,981,441 | $ 2,118,028 | ||
Addition of shares | 7,141,981,500 | 8,428,831 | 162,408,538 | 17,870,189 | 1,145,778,404 | 2,389,833,953 | 746,302,283 | 29,451,129 | 8,523,330 | 55,572,069 | 23,563,492 | 2,764,167 | 310,454,722 | 124,524,910 | 2,987,885 | 1,940,912,161 | 74,944,434 | 3,851,383 | 75,984,034 | 13,540,570 | 4,285,016 | |||
Redemption of shares | (6,171,752,370) | (5,189,670) | (160,304,394) | (8,946,515) | (1,009,164,394) | (2,095,307,334) | (773,856,732) | (36,761,722) | (24,974,815) | (59,428,818) | (4,213,189) | (8,380,675) | (334,884,280) | (343,902,368) | (1,233,308) | (1,173,946,419) | (54,776,954) | (8,419,635) | (59,756,899) | (5,092,141) | (688,682) | |||
Net addition (redemption) of shares | 970,229,130 | 3,239,161 | 2,104,144 | 8,923,674 | 136,614,010 | 294,526,619 | (27,554,449) | (7,310,593) | (16,451,485) | (3,856,749) | 19,350,303 | (5,616,508) | (24,429,558) | (219,377,458) | 1,754,577 | 766,965,742 | 20,167,480 | (4,568,252) | 16,227,135 | 8,448,429 | 3,596,334 | |||
Net investment income (loss) | (30,203,189) | [2] | (53,388) | [3] | (924,620) | (180,854) | (3,707,872) | (5,497,266) | (39,645) | (1,823,433) | (126,959) | (534,850) | (378,164) | (131,854) | (158,141) | (3,837,538) | (2,955,236) | (16,359) | (6,489,539) | (620,187) | (630,215) | (1,975,441) | (76,611) | (33,316) |
Net realized gain (loss) | (756,502,481) | (262,050) | 3,414,162 | (2,290,055) | 35,802,720 | (291,204,571) | 2,068,214 | 47,579,514 | 6,412,870 | 7,024,594 | 7,379,053 | 1,196,111 | 5,931,063 | 69,786,875 | (6,896,574) | (1,033,389) | (497,221,597) | (58,399,470) | (12,230,086) | (72,523,674) | (559,454) | (174,875) | ||
Change in net unrealized appreciation/depreciation | (16,003,227) | (1,145) | (5,106,633) | 3,198,975 | (45,477,591) | (14,730,937) | (357,127) | (45,637,289) | (1,526,777) | 2,668,359 | (1,107,105) | (224,430) | (693,541) | (11,431,990) | 686,993 | 271,020 | 73,444,143 | 21,001,958 | (3,349,294) | 12,283,450 | (39,308) | 28,220 | ||
Net income (loss) | (802,708,897) | [2] | (316,583) | [3],[4] | (2,617,091) | 728,066 | (13,382,743) | (311,432,774) | 1,671,442 | 118,792 | 4,759,134 | 9,158,103 | 5,893,784 | 839,827 | 5,079,381 | 54,517,347 | (9,164,817) | (778,728) | (430,266,993) | (38,017,699) | (16,209,595) | (62,215,665) | (675,373) | (179,971) |
Ending balance at Sep. 30, 2015 | $ 3,499,580,719 | $ 9,263,423 | $ 110,946,378 | $ 31,111,315 | $ 629,787,391 | $ 334,883,798 | $ 6,936,148 | $ 141,774,453 | $ 12,137,105 | $ 74,568,380 | $ 55,044,902 | $ 34,211,934 | $ 22,583,663 | $ 547,279,138 | $ 302,929,598 | $ 3,582,769 | $ 787,261,737 | $ 52,582,988 | $ 81,225,498 | $ 245,181,213 | $ 10,754,497 | $ 5,534,391 | ||
[1] | Amounts include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. | |||||||||||||||||||||||
[2] | The operations include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. | |||||||||||||||||||||||
[3] | Since the Fund commenced investment operations on October 1, 2014, the Statements of Operations for the three and nine months ended September 30, 2014 have not been provided. | |||||||||||||||||||||||
[4] | Since the Fund commenced investment operations on October 1, 2014, the Statement of Cash Flows for the nine months ended September 30, 2014 has not been provided. |
Statements of Changes in Share6
Statements of Changes in Shareholders' Equity (Parenthetical) | 9 Months Ended | |
Sep. 30, 2015shares | ||
Addition, shares | 159,097,500 | [1] |
Redemption, shares | 126,188,928 | [1] |
Net addition (redemption), shares | 32,908,572 | [1] |
ProShares Managed Futures Strategy [Member] | ||
Addition, shares | 400,000 | |
Redemption, shares | 250,000 | |
Net addition (redemption), shares | 150,000 | |
ProShares VIX Short-Term Futures ETF [Member] | ||
Addition, shares | 10,550,000 | |
Redemption, shares | 9,450,000 | |
Net addition (redemption), shares | 1,100,000 | |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Addition, shares | 300,000 | |
Redemption, shares | 150,000 | |
Net addition (redemption), shares | 150,000 | |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Addition, shares | 18,700,000 | |
Redemption, shares | 13,600,000 | |
Net addition (redemption), shares | 5,100,000 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Addition, shares | 44,780,000 | |
Redemption, shares | 41,731,572 | |
Net addition (redemption), shares | 3,048,428 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Addition, shares | 10,200,000 | |
Redemption, shares | 10,750,000 | |
Net addition (redemption), shares | (550,000) | |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Addition, shares | 400,000 | |
Redemption, shares | 450,000 | |
Net addition (redemption), shares | (50,000) | |
ProShares UltraShort Gold [Member] | ||
Addition, shares | 100,000 | |
Redemption, shares | 250,000 | |
Net addition (redemption), shares | (150,000) | |
ProShares UltraShort Silver [Member] | ||
Addition, shares | 550,000 | |
Redemption, shares | 550,000 | |
Net addition (redemption), shares | 0 | |
ProShares Short Euro [Member] | ||
Addition, shares | 550,000 | |
Redemption, shares | 100,000 | |
Net addition (redemption), shares | 450,000 | |
ProShares UltraShort Australian Dollar [Member] | ||
Addition, shares | 50,000 | |
Redemption, shares | 150,000 | |
Net addition (redemption), shares | (100,000) | |
ProShares UltraShort Euro [Member] | ||
Addition, shares | 11,900,000 | |
Redemption, shares | 13,400,000 | |
Net addition (redemption), shares | (1,500,000) | |
ProShares UltraShort Yen [Member] | ||
Addition, shares | 1,350,000 | |
Redemption, shares | 3,850,000 | |
Net addition (redemption), shares | (2,500,000) | |
ProShares Ultra Bloomberg Commodity [Member] | ||
Addition, shares | 75,000 | |
Redemption, shares | 25,039 | |
Net addition (redemption), shares | 49,961 | |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Addition, shares | 54,530,000 | |
Redemption, shares | 28,181,967 | |
Net addition (redemption), shares | 26,348,033 | |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Addition, shares | 1,687,500 | |
Redemption, shares | 1,187,815 | |
Net addition (redemption), shares | 499,685 | |
ProShares Ultra Gold [Member] | ||
Addition, shares | 100,000 | |
Redemption, shares | 200,000 | |
Net addition (redemption), shares | (100,000) | |
ProShares Ultra Silver [Member] | ||
Addition, shares | 2,000,000 | |
Redemption, shares | 1,500,000 | |
Net addition (redemption), shares | 500,000 | |
ProShares Ultra Euro [Member] | ||
Addition, shares | 800,000 | |
Redemption, shares | 300,000 | |
Net addition (redemption), shares | 500,000 | |
ProShares Ultra Yen [Member] | ||
Addition, shares | 75,000 | |
Redemption, shares | 12,530 | |
Net addition (redemption), shares | 62,470 | |
[1] | Amounts include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | ||
Cash flow from operating activities | |||
Net income (loss) | [1],[2] | $ (802,708,897) | $ (129,794,970) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances for swap agreements | [1] | (906,000) | |
Decrease (Increase) in segregated cash balances with brokers for futures contracts | [1] | 81,972,900 | 47,885,931 |
Purchases of short-term U.S. government and agency obligations | [1] | (13,306,525,393) | (8,327,469,985) |
Proceeds from sales or maturities of short-term U.S government and agency obligations | [1] | 13,031,571,704 | 8,571,832,172 |
Net amortization and accretion on short-term U.S government and agency obligations | [1] | (940,846) | (952,923) |
Net realized gain (loss) on investments | [1] | (161,365) | (125,433) |
Change in unrealized appreciation/depreciation on investments | [1] | (4,933,048) | 18,875,435 |
Decrease (Increase) in receivable on futures contracts | [1] | 39,839,924 | (10,935,940) |
Decrease (Increase) in Limitation by Sponsor | [1] | (1,539) | |
Change in offering cost | [1] | 49,203 | (65,785) |
Increase (Decrease) in management fee payable | [1] | 2,794,483 | (331,421) |
Increase (Decrease) in brokerage commissions and fees payable | [1] | 44,642 | |
Increase (Decrease) in payable on futures contracts | [1] | (10,623,798) | 2,586,573 |
Increase (Decrease) in payable for offering costs | [1] | 65,785 | |
Net cash provided by (used in) operating activities | [1] | (970,528,030) | 171,569,439 |
Cash flow from financing activities | |||
Proceeds from addition of shares | [1] | 7,162,561,141 | 3,117,489,880 |
Payment on shares redeemed | [1] | (6,179,119,238) | (3,282,670,391) |
Net cash provided by (used in) financing activities | [1] | 983,441,903 | (165,180,511) |
Net increase (decrease) in cash | [1] | 12,913,873 | 6,388,928 |
Cash, beginning of period | [1] | 35,899,231 | 23,390,732 |
Cash, end of period | [1] | 48,813,104 | 29,779,660 |
ProShares Managed Futures Strategy [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | [3],[4] | (316,583) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | [3] | (125,387) | |
Decrease (Increase) in receivable on futures contracts | [3] | 17,445 | |
Decrease (Increase) in Limitation by Sponsor | [3] | (1,539) | |
Change in offering cost | [3] | 49,203 | |
Increase (Decrease) in brokerage commissions and fees payable | [3] | 197 | |
Increase (Decrease) in payable on futures contracts | [3] | 65,388 | |
Net cash provided by (used in) operating activities | [3] | (311,276) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | [3] | 7,399,578 | |
Payment on shares redeemed | [3] | (5,189,670) | |
Net cash provided by (used in) financing activities | [3] | 2,209,908 | |
Net increase (decrease) in cash | [3] | 1,898,632 | |
Cash, beginning of period | [3] | 6,135,185 | |
Cash, end of period | [3] | 8,033,817 | |
ProShares VIX Short-Term Futures ETF [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (2,617,091) | (182,298) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | (4,502,075) | 41,059,850 | |
Purchases of short-term U.S. government and agency obligations | (528,217,602) | (479,040,234) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 521,808,025 | 574,519,760 | |
Net amortization and accretion on short-term U.S government and agency obligations | (30,500) | (40,577) | |
Net realized gain (loss) on investments | (1,928) | (13,481) | |
Change in unrealized appreciation/depreciation on investments | (3,304) | 9,819 | |
Decrease (Increase) in receivable on futures contracts | 9,317,236 | 2,650,305 | |
Increase (Decrease) in management fee payable | 97,206 | (124,888) | |
Increase (Decrease) in payable on futures contracts | 3,161,690 | ||
Net cash provided by (used in) operating activities | (988,343) | 138,838,256 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 162,408,538 | 163,742,094 | |
Payment on shares redeemed | (160,304,394) | (304,586,016) | |
Net cash provided by (used in) financing activities | 2,104,144 | (140,843,922) | |
Net increase (decrease) in cash | 1,115,801 | (2,005,666) | |
Cash, beginning of period | 1,694,791 | 4,333,752 | |
Cash, end of period | 2,810,592 | 2,328,086 | |
ProShares VIX Mid-Term Futures ETF [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 728,066 | (8,999,736) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | (2,049,510) | 4,521,490 | |
Purchases of short-term U.S. government and agency obligations | (69,593,419) | (116,375,672) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 68,420,012 | 124,708,345 | |
Net amortization and accretion on short-term U.S government and agency obligations | (5,960) | (13,660) | |
Net realized gain (loss) on investments | (1,330) | (1,772) | |
Change in unrealized appreciation/depreciation on investments | 365 | 106 | |
Decrease (Increase) in receivable on futures contracts | 1,783,328 | (167,457) | |
Increase (Decrease) in management fee payable | 17,703 | (15,384) | |
Increase (Decrease) in payable on futures contracts | 416,446 | ||
Net cash provided by (used in) operating activities | (284,299) | 3,656,260 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 17,870,189 | 40,985,669 | |
Payment on shares redeemed | (16,894,470) | (42,828,453) | |
Net cash provided by (used in) financing activities | 975,719 | (1,842,784) | |
Net increase (decrease) in cash | 691,420 | 1,813,476 | |
Cash, beginning of period | 1,634,082 | 1,906,397 | |
Cash, end of period | 2,325,502 | 3,719,873 | |
ProShares Short VIX Short-Term Futures ETF [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (13,382,743) | 58,760,304 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 77,464,840 | (17,547,100) | |
Purchases of short-term U.S. government and agency obligations | (1,564,085,870) | (901,478,771) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,405,058,217 | 779,926,160 | |
Net amortization and accretion on short-term U.S government and agency obligations | (78,693) | (60,496) | |
Net realized gain (loss) on investments | (22,472) | (17,530) | |
Change in unrealized appreciation/depreciation on investments | (52,752) | 6,489 | |
Decrease (Increase) in receivable on futures contracts | (15,025,925) | 603,833 | |
Increase (Decrease) in management fee payable | 319,707 | 86,086 | |
Increase (Decrease) in payable on futures contracts | (31,020,019) | 5,914,427 | |
Net cash provided by (used in) operating activities | (140,825,710) | (73,806,598) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 1,145,778,404 | 561,896,894 | |
Payment on shares redeemed | (1,012,523,175) | (485,606,100) | |
Net cash provided by (used in) financing activities | 133,255,229 | 76,290,794 | |
Net increase (decrease) in cash | (7,570,481) | 2,484,196 | |
Cash, beginning of period | 9,122,219 | 2,153,370 | |
Cash, end of period | 1,551,738 | 4,637,566 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (311,432,774) | (186,577,895) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | (22,588,285) | 22,380,250 | |
Purchases of short-term U.S. government and agency obligations | (2,605,845,186) | (1,596,272,347) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 2,596,354,541 | 1,490,909,573 | |
Net amortization and accretion on short-term U.S government and agency obligations | (87,173) | (55,542) | |
Net realized gain (loss) on investments | (31,578) | (23,760) | |
Change in unrealized appreciation/depreciation on investments | (10,341) | 9,852 | |
Decrease (Increase) in receivable on futures contracts | 42,531,441 | (11,373,242) | |
Increase (Decrease) in management fee payable | 224,382 | 67,490 | |
Increase (Decrease) in payable on futures contracts | 27,913,959 | (3,356,803) | |
Net cash provided by (used in) operating activities | (272,971,014) | (284,292,424) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 2,368,042,977 | 1,048,727,703 | |
Payment on shares redeemed | (2,092,311,113) | (762,292,545) | |
Net cash provided by (used in) financing activities | 275,731,864 | 286,435,158 | |
Net increase (decrease) in cash | 2,760,850 | 2,142,734 | |
Cash, beginning of period | 3,737,292 | 2,240,977 | |
Cash, end of period | 6,498,142 | 4,383,711 | |
ProShares UltraShort Bloomberg Commodity [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 1,671,442 | 351,757 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Purchases of short-term U.S. government and agency obligations | (10,085,938) | (5,960,014) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 8,257,999 | 6,192,931 | |
Net amortization and accretion on short-term U.S government and agency obligations | (1,403) | (947) | |
Net realized gain (loss) on investments | (16) | (3) | |
Change in unrealized appreciation/depreciation on investments | 357,127 | (379,066) | |
Increase (Decrease) in management fee payable | 6,938 | 40 | |
Net cash provided by (used in) operating activities | 206,149 | 204,698 | |
Cash flow from financing activities | |||
Net increase (decrease) in cash | 206,149 | 204,698 | |
Cash, beginning of period | 467,766 | 374,245 | |
Cash, end of period | 673,915 | 578,943 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 118,792 | 8,045,097 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 746,832 | 2,183,445 | |
Purchases of short-term U.S. government and agency obligations | (1,101,916,734) | (911,432,536) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,102,210,375 | 976,344,891 | |
Net amortization and accretion on short-term U.S government and agency obligations | (45,693) | (100,901) | |
Net realized gain (loss) on investments | (15,363) | (17,002) | |
Change in unrealized appreciation/depreciation on investments | 25,720,999 | (3,659,995) | |
Decrease (Increase) in receivable on futures contracts | 769,082 | (3,847,499) | |
Increase (Decrease) in management fee payable | 137,806 | (42,973) | |
Increase (Decrease) in brokerage commissions and fees payable | 9,507 | ||
Net cash provided by (used in) operating activities | 27,735,603 | 67,472,527 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 746,302,283 | 421,186,839 | |
Payment on shares redeemed | (773,336,673) | (489,152,022) | |
Net cash provided by (used in) financing activities | (27,034,390) | (67,965,183) | |
Net increase (decrease) in cash | 701,213 | (492,656) | |
Cash, beginning of period | 994,268 | 1,872,915 | |
Cash, end of period | 1,695,481 | 1,380,259 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 4,759,134 | (588,208) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 2,289,430 | (462,055) | |
Purchases of short-term U.S. government and agency obligations | (44,546,196) | (175,364,652) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 44,052,763 | 177,546,387 | |
Net amortization and accretion on short-term U.S government and agency obligations | (2,460) | (15,332) | |
Net realized gain (loss) on investments | (343) | (5,189) | |
Change in unrealized appreciation/depreciation on investments | (764) | 18 | |
Decrease (Increase) in receivable on futures contracts | 513,399 | 1,278,350 | |
Increase (Decrease) in management fee payable | 5,866 | 7,161 | |
Increase (Decrease) in brokerage commissions and fees payable | 1,022 | ||
Net cash provided by (used in) operating activities | 7,071,851 | 2,396,480 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 29,451,129 | 100,908,495 | |
Payment on shares redeemed | (36,761,722) | (103,372,034) | |
Net cash provided by (used in) financing activities | (7,310,593) | (2,463,539) | |
Net increase (decrease) in cash | (238,742) | (67,059) | |
Cash, beginning of period | 696,743 | 564,647 | |
Cash, end of period | 458,001 | 497,588 | |
ProShares UltraShort Gold [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 9,158,103 | (13,327,719) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 550 | 5,830 | |
Purchases of short-term U.S. government and agency obligations | (186,963,206) | (243,633,915) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 196,870,562 | 316,269,405 | |
Net amortization and accretion on short-term U.S government and agency obligations | (22,233) | (34,931) | |
Net realized gain (loss) on investments | (2,683) | (3,054) | |
Change in unrealized appreciation/depreciation on investments | (2,655,199) | 30,164 | |
Decrease (Increase) in receivable on futures contracts | 940 | (460) | |
Increase (Decrease) in management fee payable | 55,400 | (60,914) | |
Net cash provided by (used in) operating activities | 16,442,234 | 59,244,406 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 8,523,330 | 41,642,791 | |
Payment on shares redeemed | (24,974,815) | (100,930,623) | |
Net cash provided by (used in) financing activities | (16,451,485) | (59,287,832) | |
Net increase (decrease) in cash | (9,251) | (43,426) | |
Cash, beginning of period | 162,434 | 197,647 | |
Cash, end of period | 153,183 | 154,221 | |
ProShares UltraShort Silver [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 5,893,784 | 12,845,435 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 1,100 | 14,850 | |
Purchases of short-term U.S. government and agency obligations | (163,962,197) | (177,114,557) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 160,791,278 | 244,659,193 | |
Net amortization and accretion on short-term U.S government and agency obligations | (13,863) | (26,362) | |
Net realized gain (loss) on investments | (546) | (3,931) | |
Change in unrealized appreciation/depreciation on investments | 1,114,265 | (14,577,343) | |
Decrease (Increase) in receivable on futures contracts | 6,570 | 545 | |
Increase (Decrease) in management fee payable | 42,935 | (50,134) | |
Net cash provided by (used in) operating activities | 3,873,326 | 65,747,696 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 55,572,069 | 61,660,743 | |
Payment on shares redeemed | (59,428,818) | (127,675,064) | |
Net cash provided by (used in) financing activities | (3,856,749) | (66,014,321) | |
Net increase (decrease) in cash | 16,577 | (266,625) | |
Cash, beginning of period | 207,506 | 461,167 | |
Cash, end of period | 224,083 | 194,542 | |
ProShares Short Euro [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 839,827 | 1,308,249 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | (709,940) | (113,300) | |
Purchases of short-term U.S. government and agency obligations | (43,352,228) | (27,519,378) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 33,009,853 | 20,316,718 | |
Net amortization and accretion on short-term U.S government and agency obligations | (3,652) | (3,684) | |
Net realized gain (loss) on investments | (48) | (258) | |
Change in unrealized appreciation/depreciation on investments | (26) | 474 | |
Decrease (Increase) in receivable on futures contracts | (136,126) | (77,285) | |
Increase (Decrease) in management fee payable | 20,430 | 6,263 | |
Net cash provided by (used in) operating activities | (10,331,910) | (6,082,201) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 21,427,163 | 8,924,282 | |
Payment on shares redeemed | (4,213,189) | (1,792,584) | |
Net cash provided by (used in) financing activities | 17,213,974 | 7,131,698 | |
Net increase (decrease) in cash | 6,882,064 | 1,049,497 | |
Cash, beginning of period | 1,640,225 | 863,980 | |
Cash, end of period | 8,522,289 | 1,913,477 | |
ProShares UltraShort Australian Dollar [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 5,079,381 | (567,578) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | (360,973) | 465,245 | |
Purchases of short-term U.S. government and agency obligations | (44,858,928) | (33,501,786) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 46,232,422 | 40,217,466 | |
Net amortization and accretion on short-term U.S government and agency obligations | (2,914) | (7,366) | |
Net realized gain (loss) on investments | (226) | (492) | |
Change in unrealized appreciation/depreciation on investments | (650) | 2,002 | |
Decrease (Increase) in receivable on futures contracts | 62,534 | ||
Increase (Decrease) in management fee payable | 16,089 | (5,726) | |
Increase (Decrease) in payable on futures contracts | 195,769 | (3,002) | |
Net cash provided by (used in) operating activities | 6,362,504 | 6,598,763 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 2,764,167 | ||
Payment on shares redeemed | (8,380,675) | (6,770,427) | |
Net cash provided by (used in) financing activities | (5,616,508) | (6,770,427) | |
Net increase (decrease) in cash | 745,996 | (171,664) | |
Cash, beginning of period | 1,788,757 | 2,751,320 | |
Cash, end of period | 2,534,753 | 2,579,656 | |
ProShares UltraShort Euro [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | 54,517,347 | 73,876,974 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Purchases of short-term U.S. government and agency obligations | (1,420,398,053) | (803,273,432) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,365,118,964 | 800,041,097 | |
Net amortization and accretion on short-term U.S government and agency obligations | (162,381) | (170,287) | |
Net realized gain (loss) on investments | (22,878) | (4,490) | |
Change in unrealized appreciation/depreciation on investments | 11,431,990 | (51,047,636) | |
Increase (Decrease) in management fee payable | 513,358 | 27,783 | |
Net cash provided by (used in) operating activities | 10,998,347 | 19,450,009 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 323,411,326 | 43,961,622 | |
Payment on shares redeemed | (334,884,280) | (63,410,077) | |
Net cash provided by (used in) financing activities | (11,472,954) | (19,448,455) | |
Net increase (decrease) in cash | (474,607) | 1,554 | |
Cash, beginning of period | 746,454 | 218,940 | |
Cash, end of period | 271,847 | 220,494 | |
ProShares UltraShort Yen [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (9,164,817) | 19,041,339 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Purchases of short-term U.S. government and agency obligations | (1,027,392,799) | (767,180,365) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 1,251,995,308 | 936,995,101 | |
Net amortization and accretion on short-term U.S government and agency obligations | (113,947) | (163,880) | |
Net realized gain (loss) on investments | (4,415) | (12,611) | |
Change in unrealized appreciation/depreciation on investments | (686,993) | (5,712,611) | |
Increase (Decrease) in management fee payable | 129,743 | (125,148) | |
Net cash provided by (used in) operating activities | 214,762,080 | 182,841,825 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 124,524,910 | 81,996,228 | |
Payment on shares redeemed | (339,511,356) | (265,020,830) | |
Net cash provided by (used in) financing activities | (214,986,446) | (183,024,602) | |
Net increase (decrease) in cash | (224,366) | (182,777) | |
Cash, beginning of period | 532,706 | 575,108 | |
Cash, end of period | 308,340 | 392,331 | |
ProShares Ultra Bloomberg Commodity [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (778,728) | (644,056) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances for swap agreements | (906,000) | ||
Purchases of short-term U.S. government and agency obligations | (3,628,527) | (7,841,970) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 6,383,929 | 7,029,957 | |
Net amortization and accretion on short-term U.S government and agency obligations | (525) | (1,070) | |
Net realized gain (loss) on investments | 6 | (19) | |
Change in unrealized appreciation/depreciation on investments | (271,020) | 345,597 | |
Increase (Decrease) in management fee payable | 987 | 436 | |
Net cash provided by (used in) operating activities | 800,122 | (1,111,125) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 2,987,885 | 1,134,916 | |
Payment on shares redeemed | (1,233,308) | ||
Net cash provided by (used in) financing activities | 1,754,577 | 1,134,916 | |
Net increase (decrease) in cash | 2,554,699 | 23,791 | |
Cash, beginning of period | 185,684 | 85,642 | |
Cash, end of period | 2,740,383 | 109,433 | |
ProShares Ultra Bloomberg Crude Oil [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (430,266,993) | 3,880,989 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 12,585,001 | (1,206,315) | |
Purchases of short-term U.S. government and agency obligations | (3,406,730,520) | (461,750,270) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 3,064,708,146 | 415,938,839 | |
Net amortization and accretion on short-term U.S government and agency obligations | (214,320) | (44,924) | |
Net realized gain (loss) on investments | (56,938) | (10,004) | |
Change in unrealized appreciation/depreciation on investments | (30,930,616) | 3,145,131 | |
Increase (Decrease) in management fee payable | 952,458 | 12,768 | |
Increase (Decrease) in brokerage commissions and fees payable | 29,166 | ||
Increase (Decrease) in payable on futures contracts | (4,208,225) | 4,852,856 | |
Net cash provided by (used in) operating activities | (794,132,841) | (35,180,930) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 1,969,638,334 | 326,129,425 | |
Payment on shares redeemed | (1,173,946,419) | (289,091,371) | |
Net cash provided by (used in) financing activities | 795,691,915 | 37,038,054 | |
Net increase (decrease) in cash | 1,559,074 | 1,857,124 | |
Cash, beginning of period | 2,349,384 | 689,596 | |
Cash, end of period | 3,908,458 | 2,546,720 | |
ProShares Ultra Bloomberg Natural Gas [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (38,017,699) | 17,594,882 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 19,099,536 | (3,455,694) | |
Purchases of short-term U.S. government and agency obligations | (227,408,040) | (145,326,321) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 230,049,810 | 145,234,415 | |
Net amortization and accretion on short-term U.S government and agency obligations | (13,699) | (11,380) | |
Net realized gain (loss) on investments | (4,630) | (3,519) | |
Change in unrealized appreciation/depreciation on investments | (2,109) | 2,382 | |
Increase (Decrease) in management fee payable | 30,976 | (29,752) | |
Increase (Decrease) in brokerage commissions and fees payable | 4,750 | ||
Increase (Decrease) in payable on futures contracts | (7,135,277) | (4,824,695) | |
Net cash provided by (used in) operating activities | (23,396,382) | 9,180,318 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 78,797,856 | 75,528,011 | |
Payment on shares redeemed | (54,776,954) | (84,703,554) | |
Net cash provided by (used in) financing activities | 24,020,902 | (9,175,543) | |
Net increase (decrease) in cash | 624,520 | 4,775 | |
Cash, beginning of period | 1,653,582 | 3,102,827 | |
Cash, end of period | 2,278,102 | 3,107,602 | |
ProShares Ultra Gold [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (16,209,595) | 1,100,760 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 550 | 5,830 | |
Purchases of short-term U.S. government and agency obligations | (194,601,532) | (323,360,826) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 216,766,479 | 343,200,066 | |
Net amortization and accretion on short-term U.S government and agency obligations | (27,485) | (45,026) | |
Net realized gain (loss) on investments | 1,245 | (1,708) | |
Change in unrealized appreciation/depreciation on investments | 3,336,074 | 1,307,468 | |
Increase (Decrease) in management fee payable | 43,173 | (19,627) | |
Increase (Decrease) in payable on futures contracts | (940) | 1,140 | |
Net cash provided by (used in) operating activities | 9,307,969 | 22,188,077 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 3,851,383 | 11,583,569 | |
Payment on shares redeemed | (10,419,353) | (33,792,527) | |
Net cash provided by (used in) financing activities | (6,567,970) | (22,208,958) | |
Net increase (decrease) in cash | 2,739,999 | (20,881) | |
Cash, beginning of period | 104,145 | 142,566 | |
Cash, end of period | 2,844,144 | 121,685 | |
ProShares Ultra Silver [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (62,215,665) | (115,114,001) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Decrease (Increase) in segregated cash balances with brokers for futures contracts | 1,100 | 7,700 | |
Purchases of short-term U.S. government and agency obligations | (613,020,609) | (1,138,679,040) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 673,161,451 | 1,158,071,193 | |
Net amortization and accretion on short-term U.S government and agency obligations | (109,726) | (153,201) | |
Net realized gain (loss) on investments | 2,867 | (6,514) | |
Change in unrealized appreciation/depreciation on investments | (12,291,185) | 89,111,972 | |
Increase (Decrease) in management fee payable | 158,866 | (63,037) | |
Increase (Decrease) in payable on futures contracts | (6,220) | 2,650 | |
Net cash provided by (used in) operating activities | (14,319,121) | (6,822,278) | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 75,984,034 | 127,480,399 | |
Payment on shares redeemed | (61,724,731) | (120,670,514) | |
Net cash provided by (used in) financing activities | 14,259,303 | 6,809,885 | |
Net increase (decrease) in cash | (59,818) | (12,393) | |
Cash, beginning of period | 305,004 | 463,001 | |
Cash, end of period | 245,186 | 450,608 | |
ProShares Ultra Euro [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (675,373) | (427,558) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Purchases of short-term U.S. government and agency obligations | (36,614,695) | (4,882,192) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 28,336,621 | 5,148,933 | |
Net amortization and accretion on short-term U.S government and agency obligations | (2,076) | (936) | |
Net realized gain (loss) on investments | (33) | 8 | |
Change in unrealized appreciation/depreciation on investments | 39,308 | 282,926 | |
Increase (Decrease) in management fee payable | 15,657 | (946) | |
Net cash provided by (used in) operating activities | (8,900,591) | 120,235 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 13,540,570 | ||
Payment on shares redeemed | (5,092,141) | ||
Net cash provided by (used in) financing activities | 8,448,429 | ||
Net increase (decrease) in cash | (452,162) | 120,235 | |
Cash, beginning of period | 671,117 | 49,723 | |
Cash, end of period | 218,955 | 169,958 | |
ProShares Ultra Yen [Member] | |||
Cash flow from operating activities | |||
Net income (loss) | (179,971) | (122,212) | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Purchases of short-term U.S. government and agency obligations | (11,027,181) | (4,152,351) | |
Proceeds from sales or maturities of short-term U.S government and agency obligations | 7,302,962 | 5,348,742 | |
Net amortization and accretion on short-term U.S government and agency obligations | (1,819) | (988) | |
Net realized gain (loss) on investments | (8) | (85) | |
Change in unrealized appreciation/depreciation on investments | (28,220) | (2,618) | |
Increase (Decrease) in management fee payable | 7,051 | (949) | |
Net cash provided by (used in) operating activities | (3,927,186) | 1,069,539 | |
Cash flow from financing activities | |||
Proceeds from addition of shares | 4,285,016 | ||
Payment on shares redeemed | (688,682) | (975,650) | |
Net cash provided by (used in) financing activities | 3,596,334 | (975,650) | |
Net increase (decrease) in cash | (330,852) | 93,889 | |
Cash, beginning of period | 846,919 | 28,116 | |
Cash, end of period | $ 516,067 | $ 122,005 | |
[1] | Amounts include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. | ||
[2] | The operations include the activity of ProShares Ultra Australian Dollar through June 29, 2015, the date of liquidation. See Note 1. | ||
[3] | Since the Fund commenced investment operations on October 1, 2014, the Statement of Cash Flows for the nine months ended September 30, 2014 has not been provided. | ||
[4] | Since the Fund commenced investment operations on October 1, 2014, the Statements of Operations for the three and nine months ended September 30, 2014 have not been provided. |
Organization
Organization | 9 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | NOTE 1 – ORGANIZATION ProShares Trust II (formerly known as the Commodities and Currencies Trust) (the “Trust”) is a Delaware statutory trust formed on October 9, 2007 and is currently organized into separate series (each, a “Fund” and collectively, the “Funds”). As of September 30, 2015, the following twenty-one series of the Trust have commenced investment operations: (i) ProShares Managed Futures Strategy (the “Managed Futures Fund”); (ii) ProShares VIX Short-Term Futures ETF and ProShares VIX Mid-Term Futures ETF (each, a “Matching VIX Fund” and collectively, the “Matching VIX Funds”); (iii) ProShares Short VIX Short-Term Futures ETF and ProShares Ultra VIX Short-Term Futures ETF (each, a “Geared VIX Fund” and collectively, the “Geared VIX Funds”); and (iv) ProShares UltraShort Bloomberg Commodity, ProShares UltraShort Bloomberg Crude Oil, ProShares UltraShort Bloomberg Natural Gas, ProShares UltraShort Gold, ProShares UltraShort Silver, ProShares UltraShort Australian Dollar, ProShares UltraShort Euro, ProShares UltraShort Yen, ProShares Ultra Bloomberg Commodity, ProShares Ultra Bloomberg Crude Oil, ProShares Ultra Bloomberg Natural Gas, ProShares Ultra Gold, ProShares Ultra Silver, ProShares Ultra Euro and ProShares Ultra Yen (each, a “Leveraged Fund” and collectively, the “Leveraged Funds”); and (v) ProShares Short Euro (the “Short Euro Fund”). Each of the Funds listed above issues common units of beneficial interest (“Shares”), which represent units of fractional undivided beneficial interest in and ownership of only that Fund. The Shares of each Fund are listed on the New York Stock Exchange Archipelago (“NYSE Arca”). The Leveraged Funds, the Short Euro Fund and the Geared VIX Funds, are collectively referred to as the “Geared Funds” in these Notes to Financial Statements. The Geared VIX Funds and the Matching VIX Funds are collectively referred to as the “VIX Funds” in these Notes to Financial Statements. On May 22, 2015, the Trust announced plans to liquidate ProShares Ultra Australian Dollar (ticker symbol: GDAY). ProShares Ultra Australian Dollar was closed to purchases and redemptions as of the close of regular trading on the NYSE Arca on June 18, 2015. Beginning June 19, 2015, no secondary market for ProShares Ultra Australian Dollar’s Shares remained. Proceeds of the liquidation were distributed to shareholders on June 29, 2015. Any shareholders remaining in the fund on June 29, 2015 automatically had their shares redeemed for cash at ProShares Ultra Australian Dollar’s net asset value per Share as of June 19, 2015. On June 30, 2015, the NYSE Arca filed a Form 25 removing the listing of ProShares Ultra Australian Dollar on the NYSE Arca. On July 10, 2015 a Form 15 was filed with the U.S. Securities and Exchange Commission (“SEC”) terminating the registration of ProShares Ultra Australian Dollar. The Trust had no operations prior to November 24, 2008, other than matters relating to its organization, the registration of each series under the Securities Act of 1933, as amended, and the sale and issuance to ProShare Capital Management LLC (the “Sponsor”) of fourteen Shares at an aggregate purchase price of $350 in each of the following Funds: ProShares UltraShort Bloomberg Commodity, ProShares UltraShort Bloomberg Crude Oil, ProShares UltraShort Gold, ProShares UltraShort Silver, ProShares UltraShort Euro, ProShares UltraShort Yen, ProShares Ultra Bloomberg Commodity, ProShares Ultra Bloomberg Crude Oil, ProShares Ultra Gold, ProShares Ultra Silver, ProShares Ultra Euro and ProShares Ultra Yen. Groups of Funds are collectively referred to in several different ways. References to “Short Funds,” “UltraShort Funds,” or “Ultra Funds” refer to the different Funds based upon their investment objectives, but without distinguishing among the Funds’ benchmarks. References to “Commodity Index Funds,” “Commodity Funds” and “Currency Funds” refer to the different Funds according to their general benchmark categories without distinguishing among the Funds’ investment objectives or Fund-specific benchmarks. References to “VIX Funds” refer to the different Funds based upon their investment objective and their general benchmark categories. Each “Short” Fund seeks daily investment results (before fees and expenses) that correspond to the inverse (-1x) of the daily performance of its corresponding benchmark. Each “UltraShort” Fund seeks daily investment results (before fees and expenses) that correspond to two times the inverse (-2x) of the daily performance of its corresponding benchmark. Each “Ultra” Fund seeks daily investment results (before fees and expenses) that correspond to two times (2x) the daily performance of its corresponding benchmark. Each Matching VIX Fund and the Managed Futures Fund seeks investment results (before fees and expenses), both over a single day and over time, that match the performance of its corresponding benchmark. Daily performance is measured from the calculation of one NAV to the next. The Geared Funds do not seek to achieve their stated investment objective over a period of time greater than a single day because mathematical compounding prevents the Geared Funds from achieving such results. Accordingly, results over periods of time greater than a single day should not be expected to be a simple multiple (e.g., -1x, -2x or 2x) of the period return of the corresponding benchmark and will likely differ significantly. The Matching VIX Funds and the Managed Futures Fund seek to achieve their stated investment objective both over a single day and over time. Each of the Funds generally invests in Financial Instruments ( i.e Share Splits and Reverse Share Splits The table below includes Share splits and reverse Share splits for the Funds during the year ended December 31, 2014 and the nine months ended September 30, 2015. The ticker symbols for these Funds did not change and each Fund continues to trade on the NYSE Arca. Fund Execution Date (Prior to Opening of Trading) Type of Split Date Trading Resumed at Post- Split Price ProShares VIX Mid-Term Futures ETF November 6, 2014 1-for-4 reverse Share split November 6, 2014 ProShares Short VIX Short-Term Futures ETF January 21, 2014 2-for-1 Share split January 24, 2014 ProShares Ultra VIX Short-Term Futures ETF January 21, 2014 1-for-4 reverse Share split January 24, 2014 ProShares Ultra VIX Short-Term Futures ETF May 20, 2015 1-for-5 reverse Share split May 20, 2015 ProShares Ultra Bloomberg Commodity May 20, 2015 1-for-4 reverse Share split May 20, 2015 ProShares Ultra Bloomberg Crude Oil May 20, 2015 1-for-5 reverse Share split May 20, 2015 ProShares Ultra Bloomberg Natural Gas May 20, 2015 1-for-4 reverse Share split May 20, 2015 ProShares Ultra Silver January 21, 2014 1-for-4 reverse Share split January 24, 2014 ProShares Ultra Yen May 20, 2015 1-for-4 reverse Share split May 20, 2015 The reverse splits were applied retroactively for all periods presented, reducing the number of Shares outstanding for each of ProShares VIX Mid-Term Futures ETF, ProShares Ultra VIX Short-Term Futures ETF, ProShares Ultra Bloomberg Commodity, ProShares Ultra Bloomberg Natural Gas, ProShares Ultra Bloomberg Crude Oil, ProShares Ultra Silver and ProShares Ultra Yen, and resulted in a proportionate increase in the price per Share and per Share information of each such Fund. Therefore, the reverse splits did not change the aggregate net asset value of a shareholder’s investment at the time of the reverse split. The split was applied retroactively for all periods presented, increasing the number of Shares outstanding for ProShares Short VIX Short-Term Futures ETF, and resulted in a proportionate decrease in the price per Share and per Share information of such Fund. Therefore, the split did not change the aggregate net asset value of a shareholder’s investment at the time of the split. |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Each Fund is an investment company, as defined by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946 “Financial Services — Investment Companies.” As such, the Funds follow the investment company accounting and reporting guidance. The following is a summary of significant accounting policies followed by each Fund, as applicable, in preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain prior year amounts have been reclassified to conform to the current year presentation. The accompanying unaudited financial statements were prepared in accordance with GAAP for interim financial information and with the instructions for Form 10-Q and the rules and regulations of the SEC. In the opinion of management, all material adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the interim period financial statements have been made. Interim period results are not necessarily indicative of results for a full-year period. These financial statements and the notes thereto should be read in conjunction with the Trust’s and the Funds’ financial statements included in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on March 2, 2015. Use of Estimates & Indemnifications The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these financial statements. Actual results could differ from those estimates. In the normal course of business, the Trust enters into contracts that contain a variety of representations which provide general indemnifications. The Trust’s maximum exposure under these arrangements cannot be known; however, the Trust expects any risk of loss to be remote. Basis of Presentation Pursuant to rules and regulations of the SEC, financial statements are presented for the Trust as a whole, as the SEC registrant, and for each Fund individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Fund shall be enforceable only against the assets of such Fund and not against the assets of the Trust generally or any other Fund. Accordingly, the assets of one Fund of the Trust include only those funds and other assets that are paid to, held by or distributed to the Trust for the purchase of Shares in that Fund. Statement of Cash Flows The cash amount shown in the Statements of Cash Flows is the amount reported as cash in the Statement of Financial Condition dated September 30, 2015, and represents non-segregated cash with the custodian and does not include short-term investments. Final Net Asset Value for Fiscal Period The cut-off times and the times of the calculation of the Funds’ final net asset value for creation and redemption of fund Shares for the nine months ended September 30, 2015 were as follows. All times are Eastern Standard Time: Create/Redeem Cut-off* NAV Calculation Time NAV Calculation Date UltraShort Silver, Ultra Silver 6:30 a.m. 7:00 a.m. September 30 UltraShort Gold, Ultra Gold 9:30 a.m. 10:00 a.m. September 30 UltraShort Bloomberg Crude Oil, Ultra Bloomberg Crude Oil 2:00 p.m. 2:30 p.m. September 30 UltraShort Bloomberg Natural Gas, Ultra Bloomberg Natural Gas 2:00 p.m. 2:30 p.m. September 30 UltraShort Bloomberg Commodity, Ultra Bloomberg Commodity 10:45 a.m. 2:30 p.m. September 30 Managed Futures Strategy 10:45 a.m. 3:00 p.m. September 30 UltraShort Australian Dollar 3:00 p.m. 4:00 p.m. September 30 Short Euro, UltraShort Euro, Ultra Euro 3:00 p.m. 4:00 p.m. September 30 UltraShort Yen, Ultra Yen 3:00 p.m. 4:00 p.m. September 30 VIX Short-Term Futures ETF, Ultra VIX Short-Term Futures ETF, 2:00 p.m. 4:15 p.m. September 30 Short VIX Short-Term Futures ETF VIX Mid-Term Futures ETF 2:00 p.m. 4:15 p.m. September 30 * Although the Funds’ Shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, these times represent the final opportunity to transact in creation or redemption units for the nine months ended September 30, 2015. Market value per Share is determined at the close of the NYSE Arca and may be later than when the Funds’ NAV per Share is calculated. For financial reporting purposes, the Funds value transactions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these financial statements may differ from those used in the calculation of certain of the Funds’ final creation/redemption NAV for the nine months ended September 30, 2015. Investment Valuation Short-term investments are valued at amortized cost which approximates fair value for daily NAV purposes. For financial reporting purposes, short-term investments are valued at their market price using information provided by a third-party pricing service or market quotations. In each of these situations, valuations are typically categorized as Level I in the fair value hierarchy. Derivatives (e.g., futures contracts, swap agreements, forward agreements and foreign currency forward contracts) are generally valued using independent sources and/or agreements with counterparties or other procedures as determined by the Sponsor. Futures contracts, except for those entered into by the Gold, Silver, Australian Dollar and Short Euro Funds, are generally valued at the last settled price on the applicable exchange on which that future trades. Futures contracts entered into by the Gold, Silver, Australian Dollar and Short Euro Funds are valued at the last sales price prior to the time at which the NAV per Share of a Fund is determined. For financial reporting purposes, all futures contracts are valued at the last settled price. Futures contracts valuations are typically categorized as Level I in the fair value hierarchy. Swap agreements, forward agreements and foreign currency forward contracts valuations are typically categorized as Level II in the fair value hierarchy. If there was no sale on that day, and for non-exchange-traded derivatives, the Sponsor may in its sole discretion choose to determine a fair value price as the basis for determining the market value of such position for such day. Such fair value prices would generally be determined based on available inputs about the current value of the underlying financial instrument or commodity and would be based on principles that the Sponsor deems fair and equitable so long as such principles are consistent with industry standards. When market closing prices are not available, the Sponsor may fair value an asset of a Fund pursuant to the policies the Sponsor has adopted, which are consistent with normal industry standards. Depending on the source and relevant significance of valuation inputs, these instruments may be classified as Level II or Level III in the fair value hierarchy. Fair value pricing may require subjective determinations about the value of an investment. While the Funds’ policies are intended to result in a calculation of its respective Fund’s NAV that fairly reflects investment values as of the time of pricing, such Fund cannot ensure that fair values determined by the Sponsor or persons acting at their direction would accurately reflect the price that a Fund could obtain for an investment if it were to dispose of that investment as of the time of pricing (for instance, in a forced or distressed sale). The prices used by such Fund may differ from the value that would be realized if the investments were sold and the differences could be material to the financial statements. Fair Value of Financial Instruments The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs); and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level II – Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II assets include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III – Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following table summarizes the valuation of investments at September 30, 2015 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Managed Futures Strategy $ — $ 103,182 $ — $ — $ — $ 103,182 VIX Short-Term Futures ETF 88,533,608 1,154,683 — — — 89,688,291 VIX Mid-Term Futures ETF 25,286,238 3,460,005 — — — 28,746,243 Short VIX Short-Term Futures ETF 606,156,790 (61,882,492 ) — — — 544,274,298 Ultra VIX Short-Term Futures ETF 192,258,925 24,843,975 — — — 217,102,900 UltraShort Bloomberg Commodity 6,062,965 — — — 210,073 6,273,038 UltraShort Bloomberg Crude Oil 131,365,647 (4,109,687 ) — — 1,293,454 128,549,414 UltraShort Bloomberg Natural Gas 9,169,710 2,413,924 — — — 11,583,634 UltraShort Gold 74,161,976 8,640 368,112 — — 74,538,728 UltraShort Silver 55,416,227 8,720 (523,519 ) — — 54,901,428 Short Euro 22,432,678 160,875 — — — 22,593,553 UltraShort Australian Dollar 18,897,975 49,290 — — — 18,947,265 UltraShort Euro 542,602,902 — — 5,303,567 — 547,906,469 UltraShort Yen 308,472,546 — — (890,729 ) — 307,581,817 Ultra Bloomberg Commodity — — — — (60,301 ) (60,301 ) Ultra Bloomberg Crude Oil 809,558,932 (3,961,260 ) — — (45,315,045 ) 760,282,627 Ultra Bloomberg Natural Gas 50,788,895 (13,889,434 ) — — — 36,899,461 Ultra Gold 79,793,461 (8,640 ) (1,289,231 ) — — 78,495,590 Ultra Silver 245,461,699 (9,295 ) (125,406 ) — — 245,326,998 Ultra Euro 10,695,537 — — (142,335 ) — 10,553,202 Ultra Yen 5,015,738 — — 11,152 — 5,026,890 Total Trust $ 3,282,132,449 $ (51,657,514 ) $ (1,570,044 ) $ 4,281,655 $ (43,871,819 ) $ 3,189,314,727 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At September 30, 2015, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At September 30, 2015, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the valuation of investments at December 31, 2014 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Managed Futures Strategy $ — $ 104,327 $ — $ — $ — $ 104,327 VIX Short-Term Futures ETF 82,088,299 6,264,620 — — — 88,352,919 VIX Mid-Term Futures ETF 24,105,906 260,665 — — — 24,366,571 Short VIX Short-Term Futures ETF 446,975,220 (16,352,149 ) — — — 430,623,071 Ultra VIX Short-Term Futures ETF 182,639,188 39,585,253 — — — 222,224,441 UltraShort Bloomberg Commodity 4,233,548 — — — 567,259 4,800,807 UltraShort Bloomberg Crude Oil 131,594,608 15,806,603 — — 27,018,077 174,419,288 UltraShort Bloomberg Natural Gas 8,672,710 3,941,465 — — — 12,614,175 UltraShort Gold 84,040,107 (4,520 ) (2,282,778 ) — — 81,752,809 UltraShort Silver 52,226,692 1,560 594,953 — — 52,823,205 Short Euro 12,086,577 385,331 — — — 12,471,908 UltraShort Australian Dollar 20,267,679 743,481 — — — 21,011,160 UltraShort Euro 487,111,117 — — 16,762,994 — 503,874,111 UltraShort Yen 532,957,746 — — (1,578,775 ) — 531,378,971 Ultra Bloomberg Commodity 2,754,900 — — — (331,338 ) 2,423,562 Ultra Bloomberg Crude Oil 467,200,736 (46,474,787 ) — — (76,181,097 ) 344,544,852 Ultra Bloomberg Natural Gas 53,410,227 (34,889,283 ) — — — 18,520,944 Ultra Gold 101,927,857 4,580 2,051,154 — — 103,983,591 Ultra Silver 305,474,211 (1,560 ) (12,395,120 ) — — 293,077,531 Ultra Euro 2,415,698 — — (103,371 ) — 2,312,327 Ultra Yen 1,287,869 — — (15,245 ) — 1,272,624 Total Trust $ 3,003,470,895 $ (30,624,414 ) $ (12,031,791 ) $ 15,065,603 $ (48,927,099 ) $ 2,926,953,194 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments as presented in the Form 10-K for the year ended December 31, 2014. Only current day’s variation margin is reported within the Statements of Financial Condition as presented in the Form 10-K for the year ended December 31, 2014 in receivable/payable on open futures. At December 31, 2014, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At December 31, 2014, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized appreciation/depreciation on open contracts are reflected in the Statements of Financial Condition and changes in the unrealized appreciation/depreciation between periods are reflected in the Statements of Operations. Discounts on short-term securities purchased are amortized and reflected as Interest Income in the Statements of Operations. Brokerage Commissions and Fees Each Fund pays its respective brokerage commissions, including applicable exchange fees, National Futures Association (“NFA”) fees, give-up fees, pit brokerage fees and other transaction related fees and expenses charged in connection with trading activities for each Fund’s investment in U.S. Commodity Futures Trading Commission (“CFTC”) regulated investments. The effects of trading spreads, financing costs/fees associated with Financial Instruments, and costs relating to the purchase of U.S. Treasury securities or similar high credit quality short-term fixed-income or similar securities would also be borne by the Funds. Brokerage commissions on futures contracts are recognized on a half-turn basis (e.g., the first half is recognized when the contract is purchased (opened) and the second half is recognized when the transaction is closed). From January 1, 2014 through July 30, 2014, the Sponsor paid brokerage commissions on VIX futures contracts for the Matching VIX Funds. On July 31, 2014, the Sponsor began paying, and is currently paying, brokerage commissions on VIX futures contracts for the Matching VIX Funds that exceed variable create/redeem fees collected by more than 0.02% of the Matching VIX Fund’s average net assets annually. Federal Income Tax Each Fund is registered as a series of a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, no Fund expects to incur U.S. federal income tax liability; rather, each beneficial owner of a Fund’s Shares is required to take into account its allocable share of its Fund’s income, gain, loss, deductions and other items for its Fund’s taxable year ending with or within the beneficial owner’s taxable year. Management of the Funds has reviewed all open tax years and major jurisdictions ( i.e., |
Investments
Investments | 9 Months Ended |
Sep. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | NOTE 3 – INVESTMENTS Short-Term Investments The Funds may purchase U.S. Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less. A portion of these investments may be posted as collateral in connection with swap agreements and/or used as collateral for a Fund’s trading in futures and forward contracts. Accounting for Derivative Instruments In seeking to achieve each Fund’s investment objective, the Sponsor uses a mathematical approach to investing. Using this approach, the Sponsor determines the type, quantity and mix of investment positions, including derivative positions, which the Sponsor believes in combination, should produce returns consistent with a Fund’s objective. All open derivative positions at period end are reflected on each respective Fund’s Schedule of Investments. Certain Funds utilized a varying level of derivative instruments in conjunction with investment securities in seeking to meet their investment objective during the period. While the volume of open positions may vary on a daily basis as each Fund transacts derivatives contracts in order to achieve the appropriate exposure to meet its investment objective the volume of these open positions relative to the net assets of each respective Fund at the date of this report is generally representative of open positions throughout the reporting period. Following is a description of the derivative instruments used by the Funds during the reporting period, including the primary underlying risk exposures related to each instrument type. Futures Contracts The Funds enter into futures contracts to gain exposure to changes in the value of, or as a substitute for investing directly in (or shorting), an underlying index, currency or commodity. A futures contract obligates the seller to deliver (and the purchaser to accept) the future delivery of a specified quantity and type of asset at a specified time and place. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity, if applicable, or by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery, or by cash settlement at expiration of contract. Upon entering into a futures contract, each Fund is required to deposit and maintain as collateral at least such initial margin as required by the exchange on which the transaction is effected. The initial margin is segregated as cash balances with brokers for futures contracts, as disclosed in the Statements of Financial Condition, and is restricted as to its use. The Funds that enter into futures contracts maintain collateral at the broker in the form of cash. Pursuant to the futures contract, each Fund generally agrees to receive from or pay to the broker(s) an amount of cash equal to the daily fluctuation in value of the futures contract. Such receipts or payments are known as variation margin and are recorded by each Fund as unrealized gains or losses. Each Fund will realize a gain or loss upon closing of a futures transaction. Futures contracts involve, to varying degrees, elements of market risk (specifically commodity price risk or equity market volatility risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure each Fund has in the particular classes of instruments. Additional risks associated with the use of futures contracts are imperfect correlation between movements in the price of the futures contracts and the market value of the underlying index or commodity and the possibility of an illiquid market for a futures contract. With futures contracts, there is minimal but some counterparty risk to the Funds since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. Many futures exchanges and boards of trade limit the amount of fluctuation permitted in futures contract prices during a single trading day. Once the daily limit has been reached in a particular contract, no trades may be made that day at a price beyond that limit or trading may be suspended for specified times during the trading day. Futures contracts prices could move to the limit for several consecutive trading days with little or no trading, thereby preventing prompt liquidation of futures positions and potentially subjecting a Fund to substantial losses. If trading is not possible, or if a Fund determines not to close a futures position in anticipation of adverse price movements, the Fund will be required to make daily cash payments of variation margin. The risk the Fund will be unable to close out a futures position will be minimized by entering into such transactions on a national exchange with an active and liquid secondary market. Swap Agreements Certain of the Funds enter into swap agreements for purposes of pursuing their investment objectives or as a substitute for investing directly in (or shorting) an underlying index, currency or commodity, or to create an economic hedge against a position. Swap agreements are two-party contracts that have traditionally been entered into primarily with institutional investors in over-the-counter (“OTC”) markets for a specified period, ranging from a day to more than one year. However, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) provides for significant reforms of the OTC derivative markets, including a requirement to execute certain swap transactions on a CFTC-regulated market and/or to clear such transactions through a CFTC-regulated Generally, swap agreements entered into by the Funds calculate and settle the obligations of the parties to the agreement on a “net basis” with a single payment. Consequently, each Fund’s current obligations (or rights) under a swap agreement will generally be equal only to the net amount to be paid or received under the agreement based on the relative values of such obligations (or rights) (the “net amount”). In a typical swap agreement entered into by a Matching VIX Fund or an Ultra Fund, the Matching VIX Fund or Ultra Fund would be entitled to settlement payments in the event the level of the benchmark increases and would be required to make payments to the swap counterparties in the event the level of the benchmark decreases, adjusted for any transaction costs or trading spreads on the notional amount the Funds may pay. In a typical swap agreement entered into by a Short Fund or an UltraShort Fund, the Short Fund or UltraShort Fund would be required to make payments to the swap counterparties in the event the level of the benchmark increases and would be entitled to settlement payments in the event the level of the benchmark decreases, adjusted for any transaction costs or trading spreads on the notional amount the Funds may pay. The net amount of the excess, if any, of each Fund’s obligations over its entitlements with respect to each uncleared swap agreement is accrued on a daily basis and an amount of cash and/or securities having an aggregate value at least equal to such accrued excess is maintained for the benefit of the counterparty in a segregated account by the Funds’ Custodian. The net amount of the excess, if any, of each Fund’s entitlements over its obligations with respect to each uncleared swap agreement is accrued on a daily basis and an amount of cash and/or securities having an aggregate value at least equal to such accrued excess is maintained for the benefit of the Fund in a segregated account by the Funds’ Custodian. Until a swap agreement is settled in cash, the gain or loss on the notional amount less any transaction costs or trading spreads payable by each Fund on the notional amount are recorded as “unrealized appreciation or depreciation on swap agreements” and, when cash is exchanged, the gain or loss realized is recorded as “realized gains or losses on swap agreements.” Swap agreements are generally valued at the last settled price of the benchmark referenced asset. The Trust, on behalf of a Fund, may enter into agreements with certain counterparties for derivative transactions. These agreements contain various conditions, events of default, termination events, covenants and representations. The triggering of certain events or the default on certain terms of the agreement could allow a party to terminate a transaction under the agreement and request immediate payment in an amount equal to the net positions owed the party under the agreement. This could cause a Fund to have to enter into a new transaction with the same counterparty, enter into a transaction with a different counterparty or seek to achieve its investment objective through any number of different investments or investment techniques. Swap agreements involve, to varying degrees, elements of market risk and exposure to loss in excess of the unrealized gain/loss reflected. The notional amounts reflect the extent of the total investment exposure each Fund has under the swap agreement, which may exceed the NAV of each Fund. Additional risks associated with the use of swap agreements are imperfect correlations between movements in the notional amount and the price of the underlying reference index and the inability of counterparties to perform. Each Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty. A Fund will typically enter into swap agreements only with major global financial institutions. The creditworthiness of each of the firms that is a party to a swap agreement is monitored by the Sponsor. The Sponsor may use various techniques to minimize credit risk including early termination and payment, using different counterparties, limiting the net amount due from any individual counterparty and generally requiring collateral to be posted by the counterparty in an amount approximately equal to that owed to the Funds. All of the outstanding swap agreements at September 30, 2015 contractually terminate within one month but may be terminated without penalty by either party daily. Upon termination, the Fund is entitled to pay or receive the “unrealized appreciation or depreciation” amount. The Funds, as applicable, collateralize swap agreements by segregating or designating cash and/or certain securities as indicated on the Statements of Financial Condition or Schedules of Investments. As noted above, collateral posted in connection with uncleared derivative transactions is held for the benefit of the counterparty in a segregated tri-party account at the Custodian to protect the counterparty against non-payment by the Funds. In the event of a default by the counterparty, the Funds will seek withdrawal of this collateral from the segregated account and may incur certain costs in exercising its right with respect to the collateral. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Funds may experience significant delays in obtaining any recovery in a bankruptcy or other reorganizational proceeding. The Funds may obtain only limited recovery or may obtain no recovery in such circumstances. The Funds remain subject to credit risk with respect to the amount they expect to receive from counterparties. However, the Funds have sought to mitigate these risks in connection with uncleared swaps by generally requiring that the counterparties for each Fund agree to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to what the counterparty owes the Fund, subject to certain minimum thresholds. In the event of the bankruptcy of a counterparty, the Fund will have direct access to the collateral received from the counterparty, generally as of the day prior to the bankruptcy, because there is a one day time lag between the Fund’s request for collateral and the delivery of such collateral. To the extent any such collateral is insufficient, the Funds will be exposed to counterparty risk as described above, including the possible delays in recovering amounts as a result of bankruptcy proceedings. As of September 30, 2015, the collateral posted by counterparties consisted of cash and/or U.S. Treasury securities. The counterparty/credit risk for cleared derivative transactions is generally lower than for uncleared OTC derivatives since generally a clearing organization becomes substituted for each counterparty to a cleared derivative contract and, in effect, guarantees the parties’ performance under the contract as each party to a trade looks only to the clearing organization for performance of financial obligations. In addition, cleared derivative transactions benefit from daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. Forward Contracts Certain of the Funds enter into forward contracts for purposes of pursuing their investment objectives and as a substitute for investing directly in (or shorting) commodities and/or currencies. A forward contract is an agreement between two parties to purchase or sell a specified quantity of an asset at or before a specified date in the future at a specified price. Forward contracts are typically traded in OTC markets and all details of the contract are negotiated between the counterparties to the agreement. Accordingly, the forward contracts are valued by reference to the contracts traded in the OTC markets. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity or currency, establishing an opposite position in the contract and recognizing the profit or loss on both positions simultaneously on the delivery date or, in some instances, paying a cash settlement before the designated date of delivery. The forward contracts are adjusted by the daily fluctuation of the underlying commodity or currency and any gains or losses are recorded for financial statement purposes as unrealized gains or losses until the contract settlement date. Forward contracts have traditionally not been cleared or guaranteed by a third party. As a result of the Dodd-Frank Act, the CFTC now regulates non-deliverable forwards (including deliverable forwards where the parties do not take delivery). Certain non-deliverable The Funds may collateralize uncleared forward commodity contracts by segregating or designating cash and/or certain securities as indicated on their Statements of Financial Condition or Schedules of Investments. Such collateral is held for the benefit of the counterparty in a segregated tri-party account at the Custodian to protect the counterparty against non-payment by the Funds. In the event of a default by the counterparty, the Funds will seek withdrawal of this collateral from the segregated account and may incur certain costs in exercising its right with respect to the collateral. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Funds may experience significant delays in obtaining any recovery in a bankruptcy or other reorganizational proceeding. The Funds may obtain only limited recovery or may obtain no recovery in such circumstances. The Funds remain subject to credit risk with respect to the amount they expect to receive from counterparties. However, the Funds have sought to mitigate these risks by generally requiring that the counterparties for each Fund agree to post collateral for the benefit of the Fund, marked to market daily, in an amount approximately equal to what the counterparty owes the Fund, subject to minimum thresholds. In the event of the bankruptcy of a counterparty, the Fund will have direct access to the collateral received from the counterparty, generally as of the day prior to the bankruptcy, because there is a one day time lag between the Fund’s request for collateral and the delivery of such collateral. To the extent any such collateral is insufficient, the Fund will be exposed to counterparty risk as described above, including the possible delays in recovering amounts as a result of bankruptcy proceedings. As of September 30, 2015, the collateral posted by counterparties consisted of cash and/or U.S. Treasury securities. Participants in trading foreign exchange forward contracts often do not require margin deposits, but rely upon internal credit limitations and their judgments regarding the creditworthiness of their counterparties. In recent years, however, many OTC market participants in foreign exchange trading have begun to require their counterparties to post margin. A Fund will typically enter into forward contracts only with major global financial institutions. The creditworthiness of each of the firms that is a party to a forward contract is monitored by the Sponsor. The counterparty/credit risk for cleared derivative transactions is generally lower than for uncleared OTC derivatives since generally a clearing organization becomes substituted for each counterparty to a cleared derivative contract and, in effect, guarantees the parties’ performance under the contract as each party to a trade looks only to the clearing organization for performance of financial obligations. In addition, cleared derivative transactions benefit from daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. The following tables indicate the location of derivative related items on the Statement of Financial Condition as well as the effect of derivative instruments on the Statement of Operations during the reporting period. Fair Value of Derivative Instruments as of September 30, 2015 Asset Derivatives Liability Derivatives Derivatives not accounted for as hedging instruments Statements of Financial Condition Location Fund Unrealized Appreciation Statements of Financial Condition Location Fund Unrealized Depreciation Managed Futures Contracts Receivables on open futures contracts ProShares Managed Futures Strategy $ 136,553 * Payable on open futures contracts ProShares Managed Futures Strategy $ 33,371 * VIX Futures Contracts Receivables on open futures contracts ProShares VIX Short-Term Futures ETF 2,138,199 * Payable on open futures contracts ProShares VIX Short-Term Futures ETF 983,516 * ProShares VIX Mid-Term Futures ETF 3,460,005 * ProShares Short VIX Short-Term Futures ETF 61,882,492 * ProShares Ultra VIX Short-Term Futures ETF 24,843,975 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 210,073 Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraShort Bloomberg Crude Oil 4,118,789 * ProShares UltraShort Bloomberg Crude Oil 1,302,556 ProShares UltraShort Silver 523,519 ProShares UltraShort Bloomberg Natural Gas 2,413,924 * ProShares Ultra Bloomberg Commodity 60,301 ProShares UltraShort Gold 376,752 * ProShares Ultra Bloomberg Crude Oil 49,276,305 * ProShares UltraShort Silver 8,720 * ProShares Ultra Bloomberg Natural Gas 13,889,434 * ProShares Ultra Silver 367,326 ProShares Ultra Gold 1,297,871 * ProShares Ultra Silver 502,027 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Short Euro 160,875 * Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares UltraShort Euro 1,876,489 ProShares UltraShort Australian Dollar 49,290 * ProShares UltraShort Yen 968,851 ProShares UltraShort Euro 7,180,056 ProShares Ultra Euro 146,251 ProShares UltraShort Yen 78,122 ProShares Ultra Yen 492 ProShares Ultra Euro 3,916 ProShares Ultra Yen 11,644 Total Trust $ 42,741,986 * Total Trust $ 135,559,708 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. Fair Value of Derivative Instruments as of December 31, 2014 Asset Derivatives Liability Derivatives Derivatives not accounted for as hedging instruments Statements of Financial Condition Location Fund Unrealized Appreciation Statements of Financial Condition Location Fund Unrealized Depreciation Managed Futures Contracts Receivables on open futures contracts ProShares Managed Futures Strategy $ 122,831 * Payable on open futures contracts ProShares Managed Futures Strategy $ 18,504 * VIX Futures Contracts Receivables on open futures contracts ProShares VIX Short-Term Futures ETF 6,264,620 * Payable on open futures contracts ProShares VIX Mid-Term Futures ETF 222,845 * ProShares VIX Mid-Term Futures ETF 483,510 * ProShares Short VIX Short-Term ETF 16,352,149 * ProShares Ultra VIX Short-Term Futures ETF 39,585,253 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 567,259 Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraShort Gold 2,287,298 * ProShares UltraShort Bloomberg Crude Oil 42,824,680 * ProShares UltraShort Silver 204,570 ProShares UltraShort Bloomberg Natural Gas 3,941,465 * ProShares Ultra Bloomberg Commodity 331,338 ProShares UltraShort Silver 801,083 * ProShares Ultra Bloomberg Crude Oil 122,655,884 * ProShares Ultra Gold 2,055,734 * ProShares Ultra Bloomberg Natural Gas 34,889,283 * ProShares Ultra Silver 12,396,680 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Short Euro 385,331 * Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares UltraShort Euro 2,256,771 ProShares UltraShort Australian Dollar 743,481 * ProShares UltraShort Yen 2,149,924 ProShares UltraShort Euro 19,019,765 ProShares Ultra Euro 106,292 ProShares UltraShort Yen 571,149 ProShares Ultra Yen 15,649 ProShares Ultra Euro 2,921 ProShares Ultra Yen 404 Total Trust $ 117,369,486 * Total Trust $ 193,887,187 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments as presented in the Form 10-K for the year ended December 31, 2014. Only current day’s variation margin is reported within the Statements of Financial Condition as presented in the Form 10-K for the year ended December 31, 2014 in receivable/payable on open futures contracts. The Effect of Derivative Instruments on the Statements of Operations For the three months ended September 30, 2015 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Derivatives Recognized in Income Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income Managed Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/depreciation on futures contracts ProShares Managed Futures Strategy $ (180,345 ) $ 208,302 VIX Futures Contracts Net realized gain (loss) on futures contracts, changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF 63,980,150 (12,755,774 ) ProShares VIX Mid-Term Futures ETF 631,983 3,760,350 ProShares Short VIX Short-Term Futures ETF (74,068,147 ) (45,302,831 ) ProShares Ultra VIX Short-Term Futures ETF 245,646,935 (63,658,535 ) Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 1,287,180 447,645 ProShares UltraShort Bloomberg Crude Oil 86,619,507 (598,141 ) ProShares UltraShort Bloomberg Natural Gas 1,310,886 2,386,865 ProShares UltraShort Gold 5,628,910 363,354 ProShares UltraShort Silver 9,309,358 (3,072,101 ) ProShares Ultra Bloomberg Commodity (520,396 ) (156,458 ) ProShares Ultra Bloomberg Crude Oil (529,899,587 ) (58,698,985 ) ProShares Ultra Bloomberg Natural Gas (8,595,657 ) (13,040,143 ) ProShares Ultra Gold (8,320,909 ) (872,547 ) ProShares Ultra Silver (56,510,845 ) 13,728,736 Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 45,301 (77,413 ) ProShares UltraShort Australian Dollar 3,397,069 146,750 ProShares UltraShort Euro (8,177,791 ) 827,483 ProShares UltraShort Yen (32,435,377 ) 13,321,397 ProShares Ultra Euro 68,814 (8,853 ) ProShares Ultra Yen 344,294 (148,766 ) Total Trust $ (300,438,667 ) $ (163,199,665 ) The Effect of Derivative Instruments on the Statements of Operations For the three months ended September 30, 2014 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Derivatives Recognized in Income Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF $ (2,990,117 ) $ 19,045,502 ProShares VIX Mid-Term Futures ETF (4,036,079 ) 5,996,790 ProShares Short VIX Short-Term Futures ETF 18,146,923 (33,969,073 ) ProShares Ultra VIX Short-Term Futures ETF (4,719,200 ) 89,185,433 Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 502,112 401,110 ProShares UltraShort Bloomberg Crude Oil 42,549,744 29,109,258 ProShares UltraShort Bloomberg Natural Gas 13,918,036 (4,337,530 ) ProShares UltraShort Gold (4,376,264 ) 16,210,828 ProShares UltraShort Silver (1,123,414 ) 22,946,708 ProShares Ultra Bloomberg Commodity (651,785 ) (339,598 ) ProShares Ultra Bloomberg Crude Oil (16,410,261 ) (12,476,761 ) ProShares Ultra Bloomberg Natural Gas (7,087,097 ) 5,766,729 ProShares Ultra Gold 1,375,191 (21,377,754 ) ProShares Ultra Silver 9,486,957 (178,532,813 ) Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 767,314 541,828 ProShares UltraShort Australian Dollar 549,795 2,249,440 ProShares UltraShort Euro 32,039,809 42,910,400 ProShares UltraShort Yen 15,787,084 44,778,863 ProShares Ultra Euro (172,537 ) (212,588 ) ProShares Ultra Yen (86,452 ) (209,139 ) Total Trust $ 93,469,759 $ 27,687,633 The Effect of Derivative Instruments on the Statements of Operations For the nine months ended September 30, 2015 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Derivatives Recognized in Income Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income Managed Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/depreciation on futures contracts ProShares Managed Futures Strategy $ (262,050 ) $ (1,145 ) VIX Futures Contracts Net realized gain (loss) on futures contracts, changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF 3,412,234 (5,109,937 ) ProShares VIX Mid-Term Futures ETF (2,291,385 ) 3,199,340 ProShares Short VIX Short-Term Futures ETF 35,780,248 (45,530,343 ) ProShares Ultra VIX Short-Term Futures ETF (291,236,149 ) (14,741,278 ) Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 2,068,198 (357,186 ) ProShares UltraShort Bloomberg Crude Oil 47,564,151 (45,640,913 ) ProShares UltraShort Bloomberg Natural Gas 6,412,527 (1,527,541 ) ProShares UltraShort Gold 7,021,911 2,664,050 ProShares UltraShort Silver 7,378,507 (1,111,312 ) ProShares Ultra Bloomberg Commodity (1,033,383 ) 271,037 ProShares Ultra Bloomberg Crude Oil (497,278,535 ) 73,379,579 ProShares Ultra Bloomberg Natural Gas (58,404,100 ) 20,999,849 ProShares Ultra Gold (12,228,841 ) (3,353,605 ) ProShares Ultra Silver (72,520,807 ) 12,261,979 Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 1,196,063 (224,456 ) ProShares UltraShort Australian Dollar 5,930,837 (694,191 ) ProShares UltraShort Euro 69,763,997 (11,459,427 ) ProShares UltraShort Yen (6,900,989 ) 688,046 ProShares Ultra Euro (559,487 ) (38,964 ) ProShares Ultra Yen (174,883 ) 26,397 Total Trust $ (756,361,936 ) $ (16,300,021 ) The Effect of Derivative Instruments on the Statements of Operations For the nine months ended September 30, 2014 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Recognized in Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF $ (28,437,457 ) $ 29,084,702 ProShares VIX Mid-Term Futures ETF (16,100,400 ) 7,398,429 ProShares Short VIX Short-Term Futures ETF 94,414,974 (33,165,401 ) ProShares Ultra VIX Short-Term Futures ETF (255,442,487 ) 72,661,998 Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity (3,522 ) 379,056 ProShares UltraShort Bloomberg Crude Oil (1,295,265 ) 11,401,138 ProShares UltraShort Bloomberg Natural Gas 2,732,493 (2,911,986 ) ProShares UltraShort Gold (12,650,556 ) (25,093 ) ProShares UltraShort Silver (1,282,703 ) 14,580,242 ProShares Ultra Bloomberg Commodity (274,839 ) (345,632 ) ProShares Ultra Bloomberg Crude Oil 14,597,508 (9,827,181 ) ProShares Ultra Bloomberg Natural Gas 9,878,729 8,012,503 ProShares Ultra Gold 3,319,675 (1,317,485 ) ProShares Ultra Silver (22,797,421 ) (89,115,067 ) Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 925,848 463,900 ProShares UltraShort Australian Dollar (1,375,743 ) 968,995 ProShares UltraShort Euro 25,744,724 51,071,566 ProShares UltraShort Yen 15,952,890 5,744,569 ProShares Ultra Euro (127,652 ) (282,823 ) ProShares Ultra Yen (108,048 ) 2,889 Total Trust $ (172,329,252 ) $ 64,779,319 Offsetting Assets and Liabilities The Funds are subject to master netting agreements or similar arrangements that allow for amounts owed between the Funds and the counterparty to be netted upon an early termination. The party that has the larger payable pays the excess of the larger amount over the smaller amount to the other party. The master netting agreements or similar arrangements do not apply to amounts owed to/from different counterparties. As described above, the Funds utilize derivative instruments to achieve their investment objective during the year. The amounts shown in the Statements of Financial Condition do not take into consideration the effects of legally enforceable master netting agreements or similar arrangements. For financial reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Financial Condition. The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of September |
Agreements
Agreements | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Agreements | NOTE 4 – AGREEMENTS Management Fee Each Leveraged Fund, the Short Euro Fund and each Geared VIX Fund pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.95% per annum of its average daily NAV of such Fund. Each Matching VIX Fund pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.85% per annum of its average daily NAV of such Fund. The Managed Futures Fund will pay the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.75% per annum of its average daily net assets. The Sponsor did not and will not charge the Management Fee in the first year of operation of each Fund in an amount equal to the offering costs. The Sponsor reimbursed each Fund, to the extent that its offering costs exceed the Management Fee, for the first year of operations. The Management Fee is paid in consideration of the Sponsor’s services as commodity pool operator, and for managing the business and affairs of the Funds. From the Management Fee, the Sponsor pays all of the routine operational, administrative and other ordinary expenses of each Fund, generally as determined by the Sponsor, including but not limited to the Administrator, Custodian, Distributor, ProFunds Distributors, Inc. (“PDI”), an affiliated broker-dealer of the Sponsor, Transfer Agent, accounting and auditing fees and expenses, any index licensors for the Funds, and the normal and expected expenses incurred in connection with the continuous offering of Shares of each Fund after the commencement of its trading operations, including, but not limited to, expenses such as tax preparation expenses, legal fees not in excess of $100,000 per annum, ongoing SEC registration fees not exceeding 0.021% per annum of the NAV of a Fund and Financial Industry Regulatory Authority (“FINRA”) filing fees, individual Schedule K-1 preparation and mailing fees not exceeding 0.10% per annum of the net assets of a Fund, and report preparation and mailing expenses. Each Fund incurs and pays its non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities, litigation costs or indemnification or other material expenses which are not currently anticipated obligations of the Funds. The Administrator The Sponsor and the Trust, for itself and on behalf of each Fund, has appointed Brown Brothers Harriman & Co. (“BBH&Co.”) as the Administrator of the Funds, and the Sponsor, and the Trust, on its own behalf and on behalf of each Fund, and BBH&Co. have entered into an Administrative Agency Agreement (the “Administration Agreement”) in connection therewith. Pursuant to the terms of the Administration Agreement and under the supervision and direction of the Sponsor and the Trust, BBH&Co. prepares and files certain regulatory filings on behalf of the Funds. BBH&Co. may also perform other services for the Funds pursuant to the Administration Agreement as mutually agreed upon by the Sponsor, the Trust and BBH&Co. from time to time. Pursuant to the terms of the Administration Agreement, BBH&Co. also serves as the Transfer Agent of the Funds. The Administrator’s fees are paid on behalf of the Funds by the Sponsor. The Custodian BBH&Co. serves as the Custodian of the Funds, and the Trust, on its own behalf and on behalf of each Fund, and BBH&Co. have entered into a Custodian Agreement in connection therewith. Pursuant to the terms of the Custodian Agreement, BBH&Co. is responsible for the holding and safekeeping of assets delivered to it by the Funds, and performing various administrative duties in accordance with instructions delivered to BBH&Co. by the Funds. The Custodian’s fees are paid on behalf of the Funds by the Sponsor. The Distributor SEI Investments Distribution Co. (“SEI”), serves as Distributor of the Funds and assists the Sponsor and the Administrator with certain functions and duties relating to distribution and marketing, including taking creation and redemption orders, consulting with the marketing staff of the Sponsor and its affiliates with respect to compliance with the requirements of FINRA and/or the NFA in connection with marketing efforts, and reviewing and filing of marketing materials with FINRA and/or the NFA. SEI retains all marketing materials separately for each Fund, at c/o SEI, One Freedom Valley Drive, Oaks, PA 19456. The Sponsor, on behalf of each Fund, has entered into a Distribution Services Agreement with SEI. Non-Recurring Fees and Expenses Each Fund pays all its non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities, litigation costs or indemnification or other material expenses which are not currently anticipated obligations of the Funds. Such fees and expenses are those that are non-recurring, unexpected or unusual in nature. |
Offering Costs
Offering Costs | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Offering Costs | NOTE 5 – OFFERING COSTS Offering costs will be amortized by the Funds over a twelve month period on a straight-line basis beginning once the fund commences operations. The Sponsor did not and will not charge its Management Fee in the first year of operations of the Managed Futures Fund in an amount equal to the offering costs. The Sponsor will reimburse the Managed Futures Fund to the extent its offering costs exceed 0.75% of its average daily NAV for the first year of operations. Normal and expected expenses incurred in connection with the continuous offering of Shares of the Managed Futures Fund after the commencement of its trading operations will be paid by the Sponsor. |
Creation and Redemption of Crea
Creation and Redemption of Creation Units | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Creation and Redemption of Creation Units | NOTE 6 – CREATION AND REDEMPTION OF CREATION UNITS Each Fund issues and redeems shares from time to time, but only in one or more Creation Units. A Creation Unit is a block of 50,000 Shares of a Geared Fund and the Managed Futures Fund and 25,000 Shares of a Matching VIX Fund. Creation Units may be created or redeemed only by Authorized Participants. As a result of the Share splits and reverse Share splits as described in Note 1, certain redemptions as disclosed in the Statements of Changes in Shareholders’ Equity reflect payment of fractional share balances on beneficial shareholder accounts. Except when aggregated in Creation Units, the Shares are not redeemable securities. Retail investors, therefore, generally will not be able to purchase or redeem Shares directly from or with a Fund. Rather, most retail investors will purchase or sell Shares in the secondary market with the assistance of a broker. Thus, some of the information contained in these Notes to Financial Statements, such as references to the Transaction Fees imposed on purchases and redemptions, is not relevant to retail investors. Transaction Fees on Creation and Redemption Transactions The manner by which Creation Units are purchased or redeemed is dictated by the terms of the Authorized Participant Agreement and Authorized Participant Handbook. By placing a purchase order, an Authorized Participant agrees to: (1) deposit cash with the Custodian; and (2) if permitted by the Sponsor in its sole discretion, enter into or arrange for an exchange of futures contract for related position or block trade whereby the Authorized Participant would also transfer to such Fund a number and type of exchange-traded Authorized Participants may pay a fixed transaction fee of up to $500 in connection with each order to create or redeem a Creation Unit in order to compensate BBH&Co., as the Administrator, the Custodian and the Transfer Agent of each Fund and its Shares, for services in processing the creation and redemption of Creation Units and to offset the costs of increasing or decreasing derivative positions. Authorized Participants also may pay a variable transaction fee to the Fund of up to 0.10% (and a variable transaction fee to the Matching VIX Funds of 0.05%) of the value of the Creation Unit that is purchased or redeemed unless the transaction fee is waived or otherwise adjusted by the Sponsor. The Sponsor provides such Authorized Participant with prompt notice in advance of any such waiver or adjustment of the transaction fee. Authorized Participants may sell the Shares included in the Creation Units they purchase from the Funds to other investors in the secondary market. Transaction fees for the three and nine months ended September 30, 2015, which are included in the Sale and/or Redemption of Shares on the Statements of Changes in Shareholders’ Equity, were as follows: Fund Three Months Ended Nine Months Ended Managed Futures Strategy $ — $ — VIX Short-Term Futures ETF 43,747 95,573 VIX Mid-Term Futures ETF — 8,093 Short VIX Short-Term Futures ETF 139,688 267,654 Ultra VIX Short-Term Futures ETF 472,333 1,086,845 UltraShort Bloomberg Commodity — — UltraShort Bloomberg Crude Oil 69,807 338,253 UltraShort Bloomberg Natural Gas 1,894 6,733 UltraShort Gold 1,162 7,441 UltraShort Silver 5,261 25,147 Short Euro — — UltraShort Australian Dollar — — UltraShort Euro — — UltraShort Yen — — Ultra Bloomberg Commodity 401 937 Ultra Bloomberg Crude Oil 140,803 691,077 Ultra Bloomberg Natural Gas 4,351 13,105 Ultra Gold 392 2,715 Ultra Silver 7,010 29,895 Ultra Euro — — Ultra Yen — — Total Trust $ 886,849 $ 2,573,468 |
Financial Highlights
Financial Highlights | 9 Months Ended |
Sep. 30, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | |
Financial Highlights | NOTE 7 – FINANCIAL HIGHLIGHTS Selected data for a Share outstanding throughout the three months ended September 30, 2015: For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Managed VIX Short- VIX Mid- Short VIX Short-Term Ultra VIX Short-Term UltraShort UltraShort Net asset value, at June 30, 2015 $ 20.4976 $ 13.5185 $ 54.9398 $ 78.8529 $ 44.5168 $ 86.9410 $ 56.8124 Net investment income (loss) (0.0437 ) (0.0322 ) (0.1221 ) (0.2058 ) (0.1658 ) (0.2509 ) (0.2323 ) Net realized and unrealized gain (loss)# 0.1310 3.7821 9.0130 (31.4722 ) 12.8701 28.9181 30.9380 Change in net asset value from operations 0.0873 3.7499 8.8909 (31.6780 ) 12.7043 28.6672 30.7057 Net asset value, at September 30, 2015 $ 20.5849 $ 17.2684 $ 63.8307 $ 47.1749 $ 57.2211 $ 115.6082 $ 87.5181 Market value per share, at June 30, 2015† $ 20.90 $ 13.42 $ 54.31 $ 79.06 $ 43.96 $ 88.96 $ 57.12 Market value per share, at September 30, 2015† $ 20.81 $ 17.08 $ 63.44 $ 47.64 $ 55.96 $ 114.58 $ 86.17 Total Return, at net asset value^ 0.4 % 27.7 % 16.2 % (40.2 )% 28.5 % 33.0 % 54.0 % Total Return, at market value^ (0.4 )% 27.3 % 16.8 % (39.7 )% 27.3 % 28.8 % 50.9 % Ratios to Average Net Assets** Expense ratio (0.85 )% (1.00 )% (0.87 )% (1.43 )% (1.73 )% (0.95 )% (1.10 )% Expense ratio, excluding brokerage commissions (0.75 )% (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.85 )% (0.97 )% (0.86 )% (1.39 )% (1.70 )% (0.92 )% (1.07 )% * 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 September 30, 2015. ** Percentages are annualized. For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Net asset value, at June 30, 2015 $ 74.7968 $ 99.0011 $ 109.4314 $ 43.0220 $ 54.5527 $ 24.7394 $ 92.1775 Net investment income (loss) (0.2693 ) (0.2445 ) (0.2751 ) (0.1036 ) (0.1555 ) (0.0575 ) (0.2127 ) Net realized and unrealized gain (loss)# 22.6066 8.2315 10.9009 (0.1537 ) 10.1266 (0.3042 ) (4.1411 ) Change in net asset value from operations 22.3373 7.9870 10.6258 (0.2573 ) 9.9711 (0.3617 ) (4.3538 ) Net asset value, at September 30, 2015 $ 97.1341 $ 106.9881 $ 120.0572 $ 42.7647 $ 64.5238 $ 24.3777 $ 87.8237 Market value per share, at June 30, 2015† $ 75.20 $ 98.82 $ 108.54 $ 43.05 $ 55.09 $ 24.75 $ 92.19 Market value per share, at September 30, 2015† $ 96.84 $ 106.63 $ 122.16 $ 42.78 $ 64.53 $ 24.36 $ 87.82 Total Return, at net asset value^ 29.9 % 8.1 % 9.7 % (0.6 )% 18.3 % (1.5 )% (4.7 )% Total Return, at market value^ 28.8 % 7.9 % 12.5 % (0.6 )% 17.1 % (1.6 )% (4.7 )% Ratios to Average Net Assets** Expense ratio (1.39 )% (0.95 )% (0.95 )% (0.97 )% (1.03 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0 .95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (1.36 )% (0 .91 )% (0.92 )% (0.95 )% (1.01 )% (0.92 )% (0.92 )% # 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 September 30, 2015. ** Percentages are annualized For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Ultra Ultra Ultra Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at June 30, 2015 $ 49.5838 $ 45.4988 $ 45.4247 $ 37.0199 $ 36.4482 $ 16.5907 $ 53.5029 Net investment income (loss) (0.0935 ) (0.0649 ) (0.1265 ) (0.0791 ) (0.0739 ) (0.0386 ) (0.1175 ) Net realized and unrealized gain (loss)# (13.6501 ) (23.0862 ) (13.2778 ) (3.7877 ) (5.3251 ) (0.0071 ) 1.9729 Change in net asset value from operations (13.7436 ) (23.1511 ) (13.4043 ) (3.8668 ) (5.3990 ) (0.0457 ) 1.8554 Net asset value, at September 30, 2015 $ 35.8402 $ 22.3477 $ 32.0204 $ 33.1531 $ 31.0492 $ 16.5450 $ 55.3583 Market value per share, at June 30, 2015† $ 47.02 $ 45.20 $ 45.20 $ 37.04 $ 36.63 $ 16.59 $ 53.61 Market value per share, at September 30, 2015† $ 35.88 $ 22.68 $ 32.19 $ 33.23 $ 30.53 $ 16.53 $ 55.38 Total Return, at net asset value^ (27.7 )% (50.9 )% (29.5 )% (10.4 )% (14.8 )% (0.3 )% 3.5 % Total Return, at market value^ (23.7 )% (49.8 )% (28.8 )% (10.3 )% (16.7 )% (0.4 )% 3.3 % Ratios to Average Net Assets** Expense ratio (0.95 )% (1.02 )% (1.25 )% (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 )% (0.95 )% Net investment income (loss) (0.94 )% (0.98 )% (1.23 )% (0.92 )% (0.90 )% (0.93 )% (0.87 )% * 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 September 30, 2015. ** Percentages are annualized. Selected data for a Share outstanding throughout the three months ended September 30, 2014: For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance VIX Short- VIX Mid- Short VIX Short-Term Ultra VIX Short-Term UltraShort UltraShort UltraShort Net asset value, at June 30, 2014 $ 19.0084 $ 61.7690 $ 88.4063 $ 132.7602 $ 54.2430 $ 24.6332 $ 40.5583 Net investment income (loss) (0.0444 ) (0.1295 ) (0.3181 ) (0.5878 ) (0.1422 ) (0.0654 ) (0.1378 ) Net realized and unrealized gain (loss)# 1.8571 2.3798 (13.2748 ) 16.6593 15.0557 6.2237 5.8977 Change in net asset value from operations 1.8127 2.2503 (13.5929 ) 16.0715 14.9135 6.1583 5.7599 Net asset value, at September 30, 2014 $ 20.8211 $ 64.0193 $ 74.8134 $ 148.8317 $ 69.1565 $ 30.7915 $ 46.3182 Market value per share, at June 30, 2014† $ 19.03 $ 61.88 $ 88.27 $ 133.10 $ 52.00 $ 24.61 $ 40.43 Market value per share, at September 30, 2014† $ 20.78 $ 63.88 $ 74.94 $ 148.15 $ 67.85 $ 30.60 $ 46.48 Total Return, at net asset value^ 9.5 % 3.6 % (15.4 )% 12.1 % 27.5 % 25.0 % 14.2 % Total Return, at market value^ 9.2 % 3.2 % (15.1 )% 11.3 % 30.5 % 24.3 % 15.0 % Ratios to Average Net Assets** Expense ratio (0.94 )% (0.88 )% (1.54 )% (1.82 )% (0.95 )% (0.97 )% (1.14 )% Expense ratio, excluding brokerage commissions (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.92 )% (0.85 )% (1.52 )% (1.80 )% (0.92 )% (0.94 )% (1.11 )% * 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 September 30, 2014. ** Percentages are annualized. For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Ultra Net asset value, at June 30, 2014 $ 83.9968 $ 73.6642 $ 35.6131 $ 40.2542 $ 17.0603 $ 64.8923 $ 88.1153 Net investment income (loss) (0.2023 ) (0.1862 ) (0.0864 ) (0.1020 ) (0.0419 ) (0.1581 ) (0.1789 ) Net realized and unrealized gain (loss)# 13.1335 33.6339 2.9991 5.7257 2.9566 11.0143 (19.8240 ) Change in net asset value from operations 12.9312 33.4477 2.9127 5.6237 2.9147 10.8562 (20.0029 ) Net asset value, at September 30, 2014 $ 96.9280 $ 107.1119 $ 38.5258 $ 45.8779 $ 19.9750 $ 75.7485 $ 68.1124 Market value per share, at June 30, 2014† $ 82.11 $ 72.05 $ 35.66 $ 40.29 $ 17.05 $ 64.89 $ 88.08 Market value per share, at September 30, 2014† $ 98.24 $ 107.60 $ 38.50 $ 45.82 $ 19.96 $ 75.76 $ 68.24 Total Return, at net asset value^ 15.4 % 45.4 % 8.2 % 14.0 % 17.1 % 16.7 % (22.7 )% Total Return, at market value^ 19.6 % 49.3 % 8.0 % 13.7 % 17.1 % 16.8 % (22.5 )% Ratios to Average Net Assets** Expense ratio (0.95 )% (0.95 )% (0.96 )% (1.01 )% (0.95 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.92 )% (0.91 )% (0.93 )% (0.98 )% (0.91 )% (0.92 )% (0.91 )% * 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 September 30, 2014. ** Percentages are annualized. For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Ultra Crude Oil* Ultra Bloomberg Natural Gas* Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at June 30, 2014 $ 195.9524 $ 180.1407 $ 48.3777 $ 70.1043 $ 25.6654 $ 79.8693 Net investment income (loss) (0.3890 ) (0.3691 ) (0.1051 ) (0.1442 ) (0.0553 ) (0.1751 ) Net realized and unrealized gain (loss)# (44.9744 ) (34.9239 ) (7.1796 ) (23.5528 ) (3.8505 ) (11.8185 ) Change in net asset value from operations (45.3634 ) (35.2930 ) (7.2847 ) (23.6970 ) (3.9058 ) (11.9936 ) Net asset value, at September 30, 2014 $ 150.5890 $ 144.8477 $ 41.0930 $ 46.4073 $ 21.7596 $ 67.8757 Market value per share, at June 30, 2014† $ 195.95 $ 180.08 $ 49.41 $ 71.76 $ 25.80 $ 80.28 Market value per share, at September 30, 2014† $ 151.70 $ 144.80 $ 40.59 $ 46.15 $ 21.72 $ 68.24 Total Return, at net asset value^ (23.2 )% (19.6 )% (15.1 )% (33.8 )% (15.2 )% (15.0 )% Total Return, at market value^ (22.6 )% (19.6 )% (17.9 )% (35.7 )% (15.8 )% (15.0 )% Ratios to Average Net Assets** Expense ratio (0.97 )% (1.09 )% (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) (0.94 )% (1.06 )% (0.91 )% (0.91 )% (0.91 )% (0.92 )% * 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 September 30, 2014. ** Percentages are annualized. Selected data for a Share outstanding throughout the nine months ended September 30, 2015: For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Managed VIX Short- VIX Mid- Short VIX Ultra VIX UltraShort UltraShort Net asset value, at December 31, 2014 $ 21.1354 $ 20.9321 $ 63.6020 $ 61.4004 $ 125.4591 $ 87.7495 $ 77.9790 Net investment income (loss) (0.1315 ) (0.1030 ) (0.3887 ) (0.6553 ) (0.6630 ) (0.6608 ) (0.5599 ) Net realized and unrealized gain (loss)# (0.4190 ) (3.5607 ) 0.6174 (13.5702 ) (67.5750 ) 28.5195 10.0990 Change in net asset value from operations (0.5505 ) (3.6637 ) 0.2287 (14.2255 ) (68.2380 ) 27.8587 9.5391 Net asset value, at September 30, 2015 $ 20.5849 $ 17.2684 $ 63.8307 $ 47.1749 $ 57.2211 $ 115.6082 $ 87.5181 Market value per share, at December 31, 2014† $ 21.28 $ 20.99 $ 63.89 $ 61.16 $ 125.75 $ 87.44 $ 76.52 Market value per share, at September 30, 2015† $ 20.81 $ 17.08 $ 63.44 $ 47.64 $ 55.96 $ 114.58 $ 86.17 Total Return, at net asset value^ (2.6 )% (17.5 )% 0.4 % (23.2 )% (54.4 )% 31.7 % 12.2 % Total Return, at market value^ (2.2 )% (18.6 )% (0.7 )% (22.1 )% (55.5 )% 31.0 % 12.6 % Ratios to Average Net Assets** Expense ratio (0.84 )% (0.97 )% (0.92 )% (1.43 )% (1.65 )% (0.95 )% (1.06 )% Expense ratio, excluding brokerage commissions (0.75 )% (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.84 )% (0.94 )% (0.89 )% (1.40 )% (1.63 )% (0.92 )% (1.03 )% * 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 September 30, 2015. ** Percentages are annualized. For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Net asset value, at December 31, 2014 $ 83.9577 $ 96.6516 $ 115.6143 $ 40.0617 $ 51.3790 $ 21.5946 $ 89.3336 Net investment income (loss) (0.8587 ) (0.6723 ) (0.7355 ) (0.3052 ) (0.4262 ) (0.1699 ) (0.6161 ) Net realized and unrealized gain (loss)# 14.0351 11.0088 5.1784 3.0082 13.5710 2.9530 (0.8938 ) Change in net asset value from operations 13.1764 10.3365 4.4429 2.7030 13.1448 2.7831 (1.5099 ) Net asset value, at September 30, 2015 $ 97.1341 $ 106.9881 $ 120.0572 $ 42.7647 $ 64.5238 $ 24.3777 $ 87.8237 Market value per share, at December 31, 2014† $ 82.03 $ 100.22 $ 119.39 $ 40.03 $ 51.37 $ 21.61 $ 89.30 Market value per share, at September 30, 2015† $ 96.84 $ 106.63 $ 122.16 $ 42.78 $ 64.53 $ 24.36 $ 87.82 Total Return, at net asset value^ 15.7 % 10.7 % 3.8 % 6.7 % 25.6 % 12.9 % (1.7 )% Total Return, at market value^ 18.1 % 6.4 % 2.3 % 6.9 % 25.6 % 12.7 % (1.7 )% Ratios to Average Net Assets** Expense ratio (1.47 )% (0.95 )% (0.95 )% (0.97 )% (1.03 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (1.44 )% (0.91 )% (0.92 )% (0.94 )% (1.01 )% (0.91 )% (0.91 )% # 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 September 30, 2015. ** Percentages are annualized. For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Ultra Ultra Ultra Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at December 31, 2014 $ 52.1342 $ 50.7400 $ 61.6491 $ 40.0011 $ 39.3657 $ 19.8744 $ 56.4747 Net investment income (loss) (0.3140 ) (0.2606 ) (0.4322 ) (0.2573 ) (0.2571 ) (0.1138 ) (0.3686 ) Net realized and unrealized gain (loss)# (15.9800 ) (28.1317 ) (29.1965 ) (6.5907 ) (8.0594 ) (3.2156 ) (0.7478 ) Change in net asset value from operations (16.2940 ) (28.3923 ) (29.6287 ) (6.8480 ) (8.3165 ) (3.3294 ) (1.1164 ) Net asset value, at September 30, 2015 $ 35.8402 $ 22.3477 $ 32.0204 $ 33.1531 $ 31.0492 $ 16.5450 $ 55.3583 Market value per share, at December 31, 2014† $ 51.44 $ 51.85 $ 63.12 $ 38.41 $ 38.05 $ 19.80 $ 56.48 Market value per share, at September 30, 2015† $ 35.88 $ 22.68 $ 32.19 $ 33.23 $ 30.53 $ 16.53 $ 55.38 Total Return, at net asset value^ (31.3 )% (56.0 )% (48.1 )% (17.1 )% (21.1 )% (16.8 )% (2.0 )% Total Return, at market value^ (30.2 )% (56.3 )% (49.0 )% (13.5 )% (19.8 )% (16.5 )% (1.9 )% Ratios to Average Net Assets** Expense ratio (0.95 )% (1.02 )% (1.26 )% (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 )% (0.95 )% Net investment income (loss) (0.92 )% (0.99 )% (1.23 )% (0.91 )% (0.90 )% (0.92 )% (0.90 )% * 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 September 30, 2015. ** Percentages are annualized. Selected data for a Share outstanding throughout the nine months ended September 30, 2014: For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance VIX Short- VIX Mid- Short VIX Short-Term Ultra VIX Short-Term UltraShort UltraShort UltraShort Net asset value, at December 31, 2013 $ 28.5387 $ 77.1837 $ 67.4993 $ 335.4203 $ 63.2936 $ 31.7301 $ 69.9635 Net investment income (loss) (0.1518 ) (0.4227 ) (0.7883 ) (2.4990 ) (0.3965 ) (0.1953 ) (0.3585 ) Net realized and unrealized gain (loss)# (7.5658 ) (12.7417 ) 8.1024 (184.0896 ) 6.2594 (0.7433 ) (23.2868 ) Change in net asset value from operations (7.7176 ) (13.1644 ) 7.3141 (186.5886 ) 5.8629 (0.9386 ) (23.6453 ) Net asset value, at September 30, 2014 $ 20.8211 $ 64.0193 $ 74.8134 $ 148.8317 $ 69.1565 $ 30.7915 $ 46.3182 Market value per share, at December 31, 2013† $ 28.53 $ 77.16 $ 67.47 $ 335.60 $ 58.41 $ 31.58 $ 69.36 Market value per share, at September 30, 2014† $ 20.78 $ 63.88 $ 74.94 $ 148.15 $ 67.85 $ 30.60 $ 46.48 Total Return, at net asset value^ (27.0 )% (17.1 )% 10.8 % (55.6 )% 9.3 % (3.0 )% (33.8 )% Total Return, at market value^ (27.2 )% (17.2 )% 11.1 % (55.9 )% 16.2 % (3.1 )% (33.0 )% Ratios to Average Net Assets** Expense ratio (0.87 )% (0.86 )% (1.51 )% (1.78 )% (0.95 )% (0.97 )% (1.16 )% Expense ratio, excluding brokerage commissions (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.83 )% (0.82 )% (1.47 )% (1.75 )% (0.91 )% (0.93 )% (1.11 )% * 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 September 30, 2014. ** Percentages are annualized. For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Ultra Net asset value, at December 31, 2013 $ 103.5180 $ 89.7820 $ 35.5867 $ 46.6384 $ 17.0613 $ 70.8640 $ 77.7259 Net investment income (loss) (0.5973 ) (0.5505 ) (0.2496 ) (0.3090 ) (0.1173 ) (0.4498 ) (0.5636 ) Net realized and unrealized gain (loss)# (5.9927 ) 17.8804 3.1887 (0.4515 ) 3.0310 5.3343 (9.0499 ) Change in net asset value from operations (6.5900 ) 17.3299 2.9391 (0.7605 ) 2.9137 4.8845 (9.6135 ) Net asset value, at September 30, 2014 $ 96.9280 $ 107.1119 $ 38.5258 $ 45.8779 $ 19.9750 $ 75.7485 $ 68.1124 Market value per share, at December 31, 2013† $ 103.53 $ 90.19 $ 35.66 $ 46.66 $ 17.06 $ 70.91 $ 76.52 Market value per share, at September 30, 2014† $ 98.24 $ 107.60 $ 38.50 $ 45.82 $ 19.96 $ 75.76 $ 68.24 Total Return, at net asset value^ (6.4 )% 19.3 % 8.3 % (1.6 )% 17.1 % 6.9 % (12.4 )% Total Return, at market value^ (5.1 )% 19.3 % 8.0 % (1.8 )% 17.0 % 6.8 % (10.8 )% Ratios to Average Net Assets** Expense ratio (0.95 )% (0.95 )% (0.96 )% (1.01 )% (0.95 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.90 )% (0.90 )% (0.92 )% (0.96 )% (0.90 )% (0.89 )% (0.91 )% * 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 September 30, 2014. ** Percentages are annualized. For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Ultra Ultra Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at December 31, 2013 $ 160.4495 $ 155.3534 $ 41.2553 $ 63.3305 $ 26.0346 $ 74.5261 Net investment income (loss) (1.1510 ) (1.2866 ) (0.3155 ) (0.4388 ) (0.1697 ) (0.5217 ) Net realized and unrealized gain (loss)# (8.7095 ) (9.2191 ) 0.1532 (16.4844 ) (4.1053 ) (6.1287 ) Change in net asset value from operations (9.8605 ) (10.5057 ) (0.1623 ) (16.9232 ) (4.2750 ) (6.6504 ) Net asset value, at September 30, 2014 $ 150.5890 $ 144.8477 $ 41.0930 $ 46.4073 $ 21.7596 $ 67.8757 Market value per share, at December 31, 2013† $ 161.10 $ 157.12 $ 41.26 $ 63.04 $ 25.98 $ 74.44 Market value per share, at September 30, 2014† $ 151.70 $ 144.80 $ 40.59 $ 46.15 $ 21.72 $ 68.24 Total Return, at net asset value^ (6.1 )% (6.8 )% (0.4 )% (26.7 )% (16.4 )% (8.9 )% Total Return, at market value^ (5.8 )% (7.8 )% (1.6 )% (26.8 )% (16.4 )% (8.3 )% Ratios to Average Net Assets** Expense ratio (0.98 )% (1.11 )% (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) (0.93 )% (1.07 )% (0.91 )% (0.91 )% (0.90 )% (0.90 )% * 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 September 30, 2014. ** Percentages are annualized. |
Risk
Risk | 9 Months Ended |
Sep. 30, 2015 | |
Risks and Uncertainties [Abstract] | |
Risk | NOTE 8 – RISK Correlation and Compounding Risk The Geared Funds do not seek to achieve their stated investment objective over a period of time greater than a single day (as measured from NAV calculation time to NAV calculation time). The return of a Geared Fund for a period longer than a single day is the result of its return for each day compounded over the period and usually will differ from the inverse (-1x), two times the inverse (-2x), or two times (2x) of the return of the Geared Fund’s benchmark for the period. A Fund will lose money if its benchmark performance is flat over time, and it is possible for a Geared Fund to lose money over time even if the performance of its benchmark increases (or decreases in the case of Short and UltraShort Funds), as a result of daily rebalancing, the benchmark’s volatility and compounding. Longer holding periods, higher benchmark volatility, inverse exposure and greater leverage each affect the impact of compounding on a Fund’s returns. Daily compounding of a Geared Fund’s investment returns can dramatically and adversely affect its longer-term performance during periods of high volatility. Volatility may be at least as important to a Geared Fund’s return for a period as the return of the Fund’s underlying benchmark. The Matching VIX Funds and the Managed Futures Fund seek to achieve their stated investment objective both over a single day and over time. Each Ultra and UltraShort Fund uses leverage and should produce daily returns that are more volatile than that of its benchmark. For example, the daily return of an Ultra Fund with a 2x multiple should be approximately two times as volatile on a daily basis as is the return of a fund with an objective of matching the same benchmark. The daily return of a Short or UltraShort Fund is designed to return the inverse (-1x) or two times the inverse (-2x) of the return that would be expected of a fund with an objective of matching the same benchmark. The Geared Funds are not appropriate for all investors and present different risks than other funds. The Leveraged Funds use leverage and are riskier than similarly benchmarked exchange-traded funds that do not use leverage. An investor should only consider an investment in a Geared Fund if he or she understands the consequences of seeking daily leveraged, daily inverse or daily inverse leveraged investment results. Daily objective Geared Funds, if used properly and in conjunction with the investor’s view on the future direction and volatility of the markets, can be useful tools for investors who want to manage their exposure to various markets and market segments and who are willing to monitor and/or periodically rebalance their portfolios. Shareholders who invest in the Funds should actively manage and monitor their investments, as frequently as daily. While the Funds expect to meet their investment objectives, several factors may affect their ability to do so. Among these factors are: (1) the Sponsor’s ability to purchase and sell Financial Instruments in a manner that correlates to a Fund’s objective; (2) an imperfect correlation between the performance of Financial Instruments held by a Fund and the performance of the applicable benchmark; (3) bid-ask spreads on such Financial Instruments; (4) fees, expenses, transaction costs, financing costs associated with the use of Financial Instruments and commission costs; (5) holding instruments traded in a market that has become illiquid or disrupted; (6) a Fund’s Share prices being rounded to the nearest cent and/or valuation methodology; (7) changes to a benchmark index that are not disseminated in advance; (8) the need to conform a Fund’s portfolio holdings to comply with investment restrictions or policies or regulatory or tax law requirements; (9) early and unanticipated closings of the markets on which the holdings of a Fund trade, resulting in the inability of the Fund to execute intended portfolio transactions; (10) accounting standards; and (11) differences caused by a Fund obtaining exposure to only a representative sample of the components of a benchmark, overweighting or underweighting certain components of a benchmark or obtaining exposure to assets that are not included in a benchmark. A number of factors may affect a Geared Fund’s ability to achieve a high degree of correlation with its benchmark, and there can be no guarantee that a Fund will achieve a high degree of correlation. Failure to achieve a high degree of correlation may prevent a Geared Fund from achieving its investment objective. In order to achieve a high degree of correlation with their underlying benchmarks, the Geared Funds seek to rebalance their portfolios daily to keep exposure consistent with their investment objectives. Being materially under- or over-exposed to the benchmark may prevent such Geared Funds from achieving a high degree of correlation with such benchmark. Market disruptions or closure, large amounts of assets into or out of the Geared Funds, regulatory restrictions or extreme market volatility will adversely affect such Funds’ ability to adjust exposure to requisite levels. The target amount of portfolio exposure is impacted dynamically by the benchmarks’ movements during each day. Because of this, it is unlikely that the Geared Funds will be perfectly exposed ( i.e., Counterparty Risk Certain of the Funds will use swap agreements and/or forward contracts as a means to achieve their respective investment objectives. Such Funds will use either swap agreements and/or forward contracts referencing their respective benchmarks. These Funds may also invest in other swap agreements or forward contracts if such instruments tend to exhibit trading prices or returns that correlate with the benchmark or a component of the benchmark and will further the investment objective of the Fund. Certain Funds may invest in swap agreements or forward contracts if position accountability rules or position limits are reached with respect to specific futures contracts or the market for a specific futures contract experiences emergencies ( e.g. e.g. Swap agreements and forward contracts are generally traded in OTC markets and have only recently become subject to regulation by the CFTC. CFTC rules, however, do not cover all types of swap agreements and forward contracts. Investors, therefore, may not receive the protection of CFTC regulation or the statutory scheme of the Commodity Exchange Act (the “CEA”) in connection with each Fund’s swap agreements or forward contracts. The lack of regulation in these markets could expose investors to significant losses under certain circumstances, including in the event of trading abuses or financial failure by participants. The Funds will be subject to credit risk with respect to the counterparties to the derivatives contracts (whether a clearing corporation in the case of cleared instruments or another third party in the case of OTC uncleared instruments). Unlike in futures contracts, the counterparty to uncleared swap agreements or forward contracts is generally a single bank or other financial institution, rather than a clearing organization backed by a group of financial institutions. As a result, a Fund is subject to credit risk with respect to the amount it expects to receive from counterparties to uncleared swaps and forward contracts entered into as part of that Fund’s principal investment strategy. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, a Fund could suffer significant losses on these contracts and the value of an investor’s investment in a Fund may decline. The Funds have sought to mitigate these risks by generally requiring that the counterparties for each Fund agree to post collateral for the benefit of the Fund, marked to market daily, subject to certain minimum thresholds; however there are no limitations on the percentage of its assets each Fund may invest in swap agreements or forward contracts with a particular counterparty. To the extent any such collateral is insufficient or there are delays in accessing the collateral, the Funds will be exposed to counterparty risk as described above, including possible delays in recovering amounts as a result of bankruptcy proceedings. The Funds typically enter into transactions only with major global financial institutions. OTC swaps or forward contracts are less liquid than futures contracts because they are not traded on an exchange, do not have uniform terms and conditions, and are generally entered into based upon the creditworthiness of the parties and the availability of credit support, such as collateral, and in general, are not transferable without the consent of the counterparty. If the level of the Fund’s benchmark has a dramatic intraday move that would cause a material decline in the Fund’s NAV, the terms of the swap may permit the counterparty to immediately close out the transaction with the Fund. In that event, it may not be possible for the Fund to enter into another swap agreement or to invest in other Financial Instruments necessary to achieve the desired exposure consistent with the Fund’s objective. This, in turn, may prevent the Fund from achieving its investment objective, particularly if the level of the Fund’s benchmark reverses all or part of its intraday move by the end of the day. In addition, cleared derivative transactions benefit from daily marking-to-market and settlement, and segregation and minimum capital requirements applicable to intermediaries. Transactions entered into directly between two counterparties generally do not benefit from such protections. This exposes the Funds to the risk that a counterparty will not settle a transaction in accordance with its terms and conditions because of a dispute over the terms of the contract (whether or not bona fide) or because of a credit or liquidity problem, thus causing the Funds to suffer a loss. Each counterparty and/or any of its affiliates may be an Authorized Participant or shareholder of a Fund. The counterparty risk for cleared derivative transactions is generally lower than for uncleared OTC derivatives since generally a clearing organization becomes substituted for each counterparty to a cleared derivative contract and, in effect, guarantees the parties’ performance under the contract as each party to a trade looks only to the clearing house for performance of financial obligations. However, there can be no assurance that the clearing house, or its members, will satisfy its obligations to the Fund. Leverage Risk The Leveraged Funds may utilize leverage in seeking to achieve their respective investment objectives and will lose more money in market environments adverse to their respective daily investment objectives than funds that do not employ leverage. The use of leveraged and/or inverse leveraged positions could result in the total loss of an investor’s investment. For example, because the UltraShort Funds and Ultra Funds include a two times the inverse (-2x), or a two times (2x) multiplier, a single-day movement in the relevant benchmark approaching 50% at any point in the day (for an UltraShort Fund or an UltraShort Fund) could result in the total loss or almost total loss of an investor’s investment if that movement is contrary to the investment objective of the Fund in which an investor has invested, even if such Fund’s benchmark subsequently moves in an opposite direction, eliminating all or a portion of the movement. This would be the case with downward single-day or intraday movements in the underlying benchmark of an Ultra Fund or upward single-day or intraday movements in the benchmark of an UltraShort Fund, even if the underlying benchmark maintains a level greater than zero at all times. Liquidity Risk Financial Instruments cannot always be liquidated at the desired price. It is difficult to execute a trade at a specific price when there is a relatively small volume of buy and sell orders in a market. A market disruption can also make it difficult to liquidate a position or find a swap or forward contract counterparty at a reasonable cost. Market illiquidity may cause losses for the Funds. The large size of the positions which the Funds may acquire increases the risk of illiquidity by both making their positions more difficult to liquidate and increasing the losses incurred while trying to do so. Any type of disruption or illiquidity will potentially be exacerbated due to the fact that the Funds will typically invest in Financial Instruments related to one benchmark, which in many cases is highly concentrated. “Contango” and “Backwardation” Risk In Funds that hold futures contracts, as the futures contracts near expiration, they are generally replaced by contracts that have a later expiration. Thus, for example, a contract purchased and held in November 2014 may specify a January 2015 expiration. As that contract nears expiration, it may be replaced by selling the January 2015 contract and purchasing the contract expiring in March 2015. This process is referred to as “rolling.” Rolling may have a positive or negative impact on performance. For example, historically, the prices of certain types of futures contracts have frequently been higher for contracts with shorter-term expirations than for contracts with longer-term expirations, which is referred to as “backwardation.” In these circumstances, absent other factors, the sale of the January 2015 contract would take place at a price that is higher than the price at which the March 2015 contract is purchased, thereby creating a gain in connection with rolling. While certain types of futures contracts have historically exhibited consistent periods of backwardation, backwardation will likely not exist in these markets at all times. The presence of contango (where prices of contracts are higher in the distant delivery months than in the nearer delivery months due to the costs of long-term storage of a physical commodity prior to delivery or other factors) in certain futures contracts at the time of rolling would be expected to adversely affect an Ultra Fund, the Managed Futures Fund or a Matching VIX Fund that invests in such futures, and positively affect a Short Fund or an UltraShort Fund that invests in such futures. Similarly, the presence of backwardation in certain futures contracts at the time of rolling such contracts would be expected to adversely affect the Short Funds and UltraShort Funds, and positively affect the Ultra Funds, the Managed Futures Fund and Matching VIX Funds. Since the introduction of VIX futures contracts, there have frequently been periods where VIX futures prices reflect higher expected volatility levels further out in time. This can result in a loss from “rolling” the VIX futures to maintain the constant weighted average maturity of the applicable VIX Futures Index. Losses from exchanging a lower priced VIX future for a higher priced longer-term future in the rolling process would adversely affect the value of each VIX Futures Index and, accordingly, decrease the return of the Ultra VIX Short-Term Futures ETF and the Matching VIX Funds. Gold and silver historically exhibit persistent “contango” markets rather than backwardation. Natural gas, like crude oil, moves in and out of backwardation and contango but historically has been in contango most commonly. It is generally believed this is because the market needs to build inventories for most of the year in order to have enough storage to make it through a normal winter. Periods of backwardation are typically thought to be caused by demand shocks or supply shortages such as an unusually cold winter or a hurricane. Shareholder Concentration As of September 30, 2015, ProShares Morningstar Alternatives Solution ETF, an ETF affiliated with the Funds, owned 50% of the outstanding shares of the Managed Futures Fund. Subscription and redemption activity by concentrated shareholders may have a significant effect on the operations of the Fund. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 9 – SUBSEQUENT EVENTS Management has evaluated the possibility of subsequent events existing in the Trust’s and the Funds’ financial statements through the date the financial statements were issued. The subsequent events were as follows: On October 27, 2015, the Trust announced a 2-for-1 split of the Shares of beneficial interest of ProShares UltraShort Silver. The split will decrease the price per Share of the Fund with a proportionate increase in the number of Shares outstanding. For example, for a 2-for-1 split, every one pre-split Share will result in the receipt of two post-split Shares, which will be priced at half the NAV of a pre-split Share. The split will be effective for shareholders of record after the close of the markets on November 10, 2015. The split will be effective at the market open on November 13, 2015, when the Fund will begin trading at its post-split price. The ticker symbol for the Fund will not change. Ticker Fund Split Ratio ZSL UltraShort Silver 2:1 The Shares outstanding and per Share information for ProShares UltraShort Silver disclosed in the financial statements and notes to the financial statements have not been retroactively adjusted to give effect to the split. Presented below are pro forma Shares outstanding and per Share information after giving retroactive effect for the split. Pro forma information, giving retroactive effect to the split, is as follows: For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Net asset value, at June 30, 2015 $ 54.7157 Net investment income (loss) (0.1375 ) Net realized and unrealized gain (loss) 5.4504 Change in net asset value from operations 5.3129 Net asset value, at September 30, 2015 $ 60.0286 Market value per share, at June 30, 2015 $ 54.27 Market value per share, at September 30, 2015 $ 61.08 For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Net asset value, at December 31, 2014 $ 57.8071 Net investment income (loss) (0.3677 ) Net realized and unrealized gain (loss) 2.5892 Change in net asset value from operations 2.2215 Net asset value, at September 30, 2015 $ 60.0286 Market value per share, at December 31, 2014 $ 59.70 Market value per share, at September 30, 2015 $ 61.08 As of September 30, 2015 and December 31, 2014 (unaudited) Shares outstanding Shares outstanding, at September 30, 2015 916,978 Shares outstanding, at December 31, 2014 916,978 For the Three Months Ended September 30, 2015 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 6.50 Weighted-average shares outstanding 939,802 For the Nine Months Ended September 30, 2015 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 5.73 Weighted-average shares outstanding 1,028,332 Pro forma information, giving retroactive effect to the split, is as follows: For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Net asset value, at June 30, 2014 $ 36.8321 Net investment income (loss) (0.0931 ) Net realized and unrealized gain (loss) 16.8169 Change in net asset value from operations 16.7238 Net asset value, at September 30, 2014 $ 53.5559 Market value per share, at June 30, 2014 $ 36.03 Market value per share, at September 30, 2014 $ 53.80 For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Net asset value, at December 31, 2013 $ 44.8910 Net investment income (loss) (0.2752 ) Net realized and unrealized gain (loss) 8.9401 Change in net asset value from operations 8.6649 Net asset value, at September 30, 2014 $ 53.5559 Market value per share, at December 31, 2013 $ 45.10 Market value per share, at September 30, 2014 $ 53.80 For the Three Months Ended September 30, 2014 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 15.62 Weighted-average shares outstanding 1,388,716 For the Nine Months Ended September 30, 2014 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 7.79 Weighted-average shares outstanding 1,648,114 |
Significant Accounting Polici17
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Use of Estimates and Indemnifications | Use of Estimates & Indemnifications The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these financial statements. Actual results could differ from those estimates. In the normal course of business, the Trust enters into contracts that contain a variety of representations which provide general indemnifications. The Trust’s maximum exposure under these arrangements cannot be known; however, the Trust expects any risk of loss to be remote. |
Basis of Presentation | Basis of Presentation Pursuant to rules and regulations of the SEC, financial statements are presented for the Trust as a whole, as the SEC registrant, and for each Fund individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Fund shall be enforceable only against the assets of such Fund and not against the assets of the Trust generally or any other Fund. Accordingly, the assets of one Fund of the Trust include only those funds and other assets that are paid to, held by or distributed to the Trust for the purchase of Shares in that Fund. |
Statement of Cash Flows | Statement of Cash Flows The cash amount shown in the Statements of Cash Flows is the amount reported as cash in the Statement of Financial Condition dated September 30, 2015, and represents non-segregated cash with the custodian and does not include short-term investments. |
Final Net Asset Value for Fiscal Period | Final Net Asset Value for Fiscal Period The cut-off times and the times of the calculation of the Funds’ final net asset value for creation and redemption of fund Shares for the nine months ended September 30, 2015 were as follows. All times are Eastern Standard Time: Create/Redeem Cut-off* NAV Calculation Time NAV Calculation Date UltraShort Silver, Ultra Silver 6:30 a.m. 7:00 a.m. September 30 UltraShort Gold, Ultra Gold 9:30 a.m. 10:00 a.m. September 30 UltraShort Bloomberg Crude Oil, Ultra Bloomberg Crude Oil 2:00 p.m. 2:30 p.m. September 30 UltraShort Bloomberg Natural Gas, Ultra Bloomberg Natural Gas 2:00 p.m. 2:30 p.m. September 30 UltraShort Bloomberg Commodity, Ultra Bloomberg Commodity 10:45 a.m. 2:30 p.m. September 30 Managed Futures Strategy 10:45 a.m. 3:00 p.m. September 30 UltraShort Australian Dollar 3:00 p.m. 4:00 p.m. September 30 Short Euro, UltraShort Euro, Ultra Euro 3:00 p.m. 4:00 p.m. September 30 UltraShort Yen, Ultra Yen 3:00 p.m. 4:00 p.m. September 30 VIX Short-Term Futures ETF, Ultra VIX Short-Term Futures ETF, 2:00 p.m. 4:15 p.m. September 30 Short VIX Short-Term Futures ETF VIX Mid-Term Futures ETF 2:00 p.m. 4:15 p.m. September 30 * Although the Funds’ Shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, these times represent the final opportunity to transact in creation or redemption units for the nine months ended September 30, 2015. Market value per Share is determined at the close of the NYSE Arca and may be later than when the Funds’ NAV per Share is calculated. For financial reporting purposes, the Funds value transactions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these financial statements may differ from those used in the calculation of certain of the Funds’ final creation/redemption NAV for the nine months ended September 30, 2015. |
Investment Valuation | Investment Valuation Short-term investments are valued at amortized cost which approximates fair value for daily NAV purposes. For financial reporting purposes, short-term investments are valued at their market price using information provided by a third-party pricing service or market quotations. In each of these situations, valuations are typically categorized as Level I in the fair value hierarchy. Derivatives (e.g., futures contracts, swap agreements, forward agreements and foreign currency forward contracts) are generally valued using independent sources and/or agreements with counterparties or other procedures as determined by the Sponsor. Futures contracts, except for those entered into by the Gold, Silver, Australian Dollar and Short Euro Funds, are generally valued at the last settled price on the applicable exchange on which that future trades. Futures contracts entered into by the Gold, Silver, Australian Dollar and Short Euro Funds are valued at the last sales price prior to the time at which the NAV per Share of a Fund is determined. For financial reporting purposes, all futures contracts are valued at the last settled price. Futures contracts valuations are typically categorized as Level I in the fair value hierarchy. Swap agreements, forward agreements and foreign currency forward contracts valuations are typically categorized as Level II in the fair value hierarchy. If there was no sale on that day, and for non-exchange-traded derivatives, the Sponsor may in its sole discretion choose to determine a fair value price as the basis for determining the market value of such position for such day. Such fair value prices would generally be determined based on available inputs about the current value of the underlying financial instrument or commodity and would be based on principles that the Sponsor deems fair and equitable so long as such principles are consistent with industry standards. When market closing prices are not available, the Sponsor may fair value an asset of a Fund pursuant to the policies the Sponsor has adopted, which are consistent with normal industry standards. Depending on the source and relevant significance of valuation inputs, these instruments may be classified as Level II or Level III in the fair value hierarchy. Fair value pricing may require subjective determinations about the value of an investment. While the Funds’ policies are intended to result in a calculation of its respective Fund’s NAV that fairly reflects investment values as of the time of pricing, such Fund cannot ensure that fair values determined by the Sponsor or persons acting at their direction would accurately reflect the price that a Fund could obtain for an investment if it were to dispose of that investment as of the time of pricing (for instance, in a forced or distressed sale). The prices used by such Fund may differ from the value that would be realized if the investments were sold and the differences could be material to the financial statements. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs); and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level II – Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II assets include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III – Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following table summarizes the valuation of investments at September 30, 2015 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Managed Futures Strategy $ — $ 103,182 $ — $ — $ — $ 103,182 VIX Short-Term Futures ETF 88,533,608 1,154,683 — — — 89,688,291 VIX Mid-Term Futures ETF 25,286,238 3,460,005 — — — 28,746,243 Short VIX Short-Term Futures ETF 606,156,790 (61,882,492 ) — — — 544,274,298 Ultra VIX Short-Term Futures ETF 192,258,925 24,843,975 — — — 217,102,900 UltraShort Bloomberg Commodity 6,062,965 — — — 210,073 6,273,038 UltraShort Bloomberg Crude Oil 131,365,647 (4,109,687 ) — — 1,293,454 128,549,414 UltraShort Bloomberg Natural Gas 9,169,710 2,413,924 — — — 11,583,634 UltraShort Gold 74,161,976 8,640 368,112 — — 74,538,728 UltraShort Silver 55,416,227 8,720 (523,519 ) — — 54,901,428 Short Euro 22,432,678 160,875 — — — 22,593,553 UltraShort Australian Dollar 18,897,975 49,290 — — — 18,947,265 UltraShort Euro 542,602,902 — — 5,303,567 — 547,906,469 UltraShort Yen 308,472,546 — — (890,729 ) — 307,581,817 Ultra Bloomberg Commodity — — — — (60,301 ) (60,301 ) Ultra Bloomberg Crude Oil 809,558,932 (3,961,260 ) — — (45,315,045 ) 760,282,627 Ultra Bloomberg Natural Gas 50,788,895 (13,889,434 ) — — — 36,899,461 Ultra Gold 79,793,461 (8,640 ) (1,289,231 ) — — 78,495,590 Ultra Silver 245,461,699 (9,295 ) (125,406 ) — — 245,326,998 Ultra Euro 10,695,537 — — (142,335 ) — 10,553,202 Ultra Yen 5,015,738 — — 11,152 — 5,026,890 Total Trust $ 3,282,132,449 $ (51,657,514 ) $ (1,570,044 ) $ 4,281,655 $ (43,871,819 ) $ 3,189,314,727 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. At September 30, 2015, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At September 30, 2015, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the valuation of investments at December 31, 2014 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Managed Futures Strategy $ — $ 104,327 $ — $ — $ — $ 104,327 VIX Short-Term Futures ETF 82,088,299 6,264,620 — — — 88,352,919 VIX Mid-Term Futures ETF 24,105,906 260,665 — — — 24,366,571 Short VIX Short-Term Futures ETF 446,975,220 (16,352,149 ) — — — 430,623,071 Ultra VIX Short-Term Futures ETF 182,639,188 39,585,253 — — — 222,224,441 UltraShort Bloomberg Commodity 4,233,548 — — — 567,259 4,800,807 UltraShort Bloomberg Crude Oil 131,594,608 15,806,603 — — 27,018,077 174,419,288 UltraShort Bloomberg Natural Gas 8,672,710 3,941,465 — — — 12,614,175 UltraShort Gold 84,040,107 (4,520 ) (2,282,778 ) — — 81,752,809 UltraShort Silver 52,226,692 1,560 594,953 — — 52,823,205 Short Euro 12,086,577 385,331 — — — 12,471,908 UltraShort Australian Dollar 20,267,679 743,481 — — — 21,011,160 UltraShort Euro 487,111,117 — — 16,762,994 — 503,874,111 UltraShort Yen 532,957,746 — — (1,578,775 ) — 531,378,971 Ultra Bloomberg Commodity 2,754,900 — — — (331,338 ) 2,423,562 Ultra Bloomberg Crude Oil 467,200,736 (46,474,787 ) — — (76,181,097 ) 344,544,852 Ultra Bloomberg Natural Gas 53,410,227 (34,889,283 ) — — — 18,520,944 Ultra Gold 101,927,857 4,580 2,051,154 — — 103,983,591 Ultra Silver 305,474,211 (1,560 ) (12,395,120 ) — — 293,077,531 Ultra Euro 2,415,698 — — (103,371 ) — 2,312,327 Ultra Yen 1,287,869 — — (15,245 ) — 1,272,624 Total Trust $ 3,003,470,895 $ (30,624,414 ) $ (12,031,791 ) $ 15,065,603 $ (48,927,099 ) $ 2,926,953,194 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments as presented in the Form 10-K for the year ended December 31, 2014. Only current day’s variation margin is reported within the Statements of Financial Condition as presented in the Form 10-K for the year ended December 31, 2014 in receivable/payable on open futures. At December 31, 2014, there were no Level III portfolio investments for which significant unobservable inputs were used to determine fair value. The Funds’ policy is to recognize transfers between valuation levels at the end of the reporting period. At December 31, 2014, there were no significant transfers in or out of Level I and Level II fair value measurements. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. |
Investment Transactions and Related Income | Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized appreciation/depreciation on open contracts are reflected in the Statements of Financial Condition and changes in the unrealized appreciation/depreciation between periods are reflected in the Statements of Operations. Discounts on short-term securities purchased are amortized and reflected as Interest Income in the Statements of Operations. |
Brokerage Commissions and Fees | Brokerage Commissions and Fees Each Fund pays its respective brokerage commissions, including applicable exchange fees, National Futures Association (“NFA”) fees, give-up fees, pit brokerage fees and other transaction related fees and expenses charged in connection with trading activities for each Fund’s investment in U.S. Commodity Futures Trading Commission (“CFTC”) regulated investments. The effects of trading spreads, financing costs/fees associated with Financial Instruments, and costs relating to the purchase of U.S. Treasury securities or similar high credit quality short-term fixed-income or similar securities would also be borne by the Funds. Brokerage commissions on futures contracts are recognized on a half-turn basis (e.g., the first half is recognized when the contract is purchased (opened) and the second half is recognized when the transaction is closed). From January 1, 2014 through July 30, 2014, the Sponsor paid brokerage commissions on VIX futures contracts for the Matching VIX Funds. On July 31, 2014, the Sponsor began paying, and is currently paying, brokerage commissions on VIX futures contracts for the Matching VIX Funds that exceed variable create/redeem fees collected by more than 0.02% of the Matching VIX Fund’s average net assets annually. |
Federal Income Tax | Federal Income Tax Each Fund is registered as a series of a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, no Fund expects to incur U.S. federal income tax liability; rather, each beneficial owner of a Fund’s Shares is required to take into account its allocable share of its Fund’s income, gain, loss, deductions and other items for its Fund’s taxable year ending with or within the beneficial owner’s taxable year. Management of the Funds has reviewed all open tax years and major jurisdictions ( i.e., |
Organization (Tables)
Organization (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Share Splits and Reverse Share Splits | The table below includes Share splits and reverse Share splits for the Funds during the year ended December 31, 2014 and the nine months ended September 30, 2015. The ticker symbols for these Funds did not change and each Fund continues to trade on the NYSE Arca. Fund Execution Date (Prior to Opening of Trading) Type of Split Date Trading Resumed at Post- Split Price ProShares VIX Mid-Term Futures ETF November 6, 2014 1-for-4 reverse Share split November 6, 2014 ProShares Short VIX Short-Term Futures ETF January 21, 2014 2-for-1 Share split January 24, 2014 ProShares Ultra VIX Short-Term Futures ETF January 21, 2014 1-for-4 reverse Share split January 24, 2014 ProShares Ultra VIX Short-Term Futures ETF May 20, 2015 1-for-5 reverse Share split May 20, 2015 ProShares Ultra Bloomberg Commodity May 20, 2015 1-for-4 reverse Share split May 20, 2015 ProShares Ultra Bloomberg Crude Oil May 20, 2015 1-for-5 reverse Share split May 20, 2015 ProShares Ultra Bloomberg Natural Gas May 20, 2015 1-for-4 reverse Share split May 20, 2015 ProShares Ultra Silver January 21, 2014 1-for-4 reverse Share split January 24, 2014 ProShares Ultra Yen May 20, 2015 1-for-4 reverse Share split May 20, 2015 |
Significant Accounting Polici19
Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Cut-off Times and Times of Calculation of Funds' Final Net Asset Value for Creation and Redemption of Fund Shares | The cut-off times and the times of the calculation of the Funds’ final net asset value for creation and redemption of fund Shares for the nine months ended September 30, 2015 were as follows. All times are Eastern Standard Time: Create/Redeem Cut-off* NAV Calculation Time NAV Calculation Date UltraShort Silver, Ultra Silver 6:30 a.m. 7:00 a.m. September 30 UltraShort Gold, Ultra Gold 9:30 a.m. 10:00 a.m. September 30 UltraShort Bloomberg Crude Oil, Ultra Bloomberg Crude Oil 2:00 p.m. 2:30 p.m. September 30 UltraShort Bloomberg Natural Gas, Ultra Bloomberg Natural Gas 2:00 p.m. 2:30 p.m. September 30 UltraShort Bloomberg Commodity, Ultra Bloomberg Commodity 10:45 a.m. 2:30 p.m. September 30 Managed Futures Strategy 10:45 a.m. 3:00 p.m. September 30 UltraShort Australian Dollar 3:00 p.m. 4:00 p.m. September 30 Short Euro, UltraShort Euro, Ultra Euro 3:00 p.m. 4:00 p.m. September 30 UltraShort Yen, Ultra Yen 3:00 p.m. 4:00 p.m. September 30 VIX Short-Term Futures ETF, Ultra VIX Short-Term Futures ETF, 2:00 p.m. 4:15 p.m. September 30 Short VIX Short-Term Futures ETF VIX Mid-Term Futures ETF 2:00 p.m. 4:15 p.m. September 30 * Although the Funds’ Shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, these times represent the final opportunity to transact in creation or redemption units for the nine months ended September 30, 2015. |
Valuation of Investments using Fair Value Hierarchy | The following table summarizes the valuation of investments at September 30, 2015 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Managed Futures Strategy $ — $ 103,182 $ — $ — $ — $ 103,182 VIX Short-Term Futures ETF 88,533,608 1,154,683 — — — 89,688,291 VIX Mid-Term Futures ETF 25,286,238 3,460,005 — — — 28,746,243 Short VIX Short-Term Futures ETF 606,156,790 (61,882,492 ) — — — 544,274,298 Ultra VIX Short-Term Futures ETF 192,258,925 24,843,975 — — — 217,102,900 UltraShort Bloomberg Commodity 6,062,965 — — — 210,073 6,273,038 UltraShort Bloomberg Crude Oil 131,365,647 (4,109,687 ) — — 1,293,454 128,549,414 UltraShort Bloomberg Natural Gas 9,169,710 2,413,924 — — — 11,583,634 UltraShort Gold 74,161,976 8,640 368,112 — — 74,538,728 UltraShort Silver 55,416,227 8,720 (523,519 ) — — 54,901,428 Short Euro 22,432,678 160,875 — — — 22,593,553 UltraShort Australian Dollar 18,897,975 49,290 — — — 18,947,265 UltraShort Euro 542,602,902 — — 5,303,567 — 547,906,469 UltraShort Yen 308,472,546 — — (890,729 ) — 307,581,817 Ultra Bloomberg Commodity — — — — (60,301 ) (60,301 ) Ultra Bloomberg Crude Oil 809,558,932 (3,961,260 ) — — (45,315,045 ) 760,282,627 Ultra Bloomberg Natural Gas 50,788,895 (13,889,434 ) — — — 36,899,461 Ultra Gold 79,793,461 (8,640 ) (1,289,231 ) — — 78,495,590 Ultra Silver 245,461,699 (9,295 ) (125,406 ) — — 245,326,998 Ultra Euro 10,695,537 — — (142,335 ) — 10,553,202 Ultra Yen 5,015,738 — — 11,152 — 5,026,890 Total Trust $ 3,282,132,449 $ (51,657,514 ) $ (1,570,044 ) $ 4,281,655 $ (43,871,819 ) $ 3,189,314,727 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures. The following table summarizes the valuation of investments at December 31, 2014 using the fair value hierarchy: Level I - Quoted Prices Level II - Other Significant Observable Inputs Short-Term U.S. Futures Forward Foreign Swap Total Managed Futures Strategy $ — $ 104,327 $ — $ — $ — $ 104,327 VIX Short-Term Futures ETF 82,088,299 6,264,620 — — — 88,352,919 VIX Mid-Term Futures ETF 24,105,906 260,665 — — — 24,366,571 Short VIX Short-Term Futures ETF 446,975,220 (16,352,149 ) — — — 430,623,071 Ultra VIX Short-Term Futures ETF 182,639,188 39,585,253 — — — 222,224,441 UltraShort Bloomberg Commodity 4,233,548 — — — 567,259 4,800,807 UltraShort Bloomberg Crude Oil 131,594,608 15,806,603 — — 27,018,077 174,419,288 UltraShort Bloomberg Natural Gas 8,672,710 3,941,465 — — — 12,614,175 UltraShort Gold 84,040,107 (4,520 ) (2,282,778 ) — — 81,752,809 UltraShort Silver 52,226,692 1,560 594,953 — — 52,823,205 Short Euro 12,086,577 385,331 — — — 12,471,908 UltraShort Australian Dollar 20,267,679 743,481 — — — 21,011,160 UltraShort Euro 487,111,117 — — 16,762,994 — 503,874,111 UltraShort Yen 532,957,746 — — (1,578,775 ) — 531,378,971 Ultra Bloomberg Commodity 2,754,900 — — — (331,338 ) 2,423,562 Ultra Bloomberg Crude Oil 467,200,736 (46,474,787 ) — — (76,181,097 ) 344,544,852 Ultra Bloomberg Natural Gas 53,410,227 (34,889,283 ) — — — 18,520,944 Ultra Gold 101,927,857 4,580 2,051,154 — — 103,983,591 Ultra Silver 305,474,211 (1,560 ) (12,395,120 ) — — 293,077,531 Ultra Euro 2,415,698 — — (103,371 ) — 2,312,327 Ultra Yen 1,287,869 — — (15,245 ) — 1,272,624 Total Trust $ 3,003,470,895 $ (30,624,414 ) $ (12,031,791 ) $ 15,065,603 $ (48,927,099 ) $ 2,926,953,194 * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments as presented in the Form 10-K for the year ended December 31, 2014. Only current day’s variation margin is reported within the Statements of Financial Condition as presented in the Form 10-K for the year ended December 31, 2014 in receivable/payable on open futures. |
Investments (Tables)
Investments (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Fair Value of Derivative Instruments | The following tables indicate the location of derivative related items on the Statement of Financial Condition as well as the effect of derivative instruments on the Statement of Operations during the reporting period. Fair Value of Derivative Instruments as of September 30, 2015 Asset Derivatives Liability Derivatives Derivatives not accounted for as hedging instruments Statements of Financial Condition Location Fund Unrealized Appreciation Statements of Financial Condition Location Fund Unrealized Depreciation Managed Futures Contracts Receivables on open futures contracts ProShares Managed Futures Strategy $ 136,553 * Payable on open futures contracts ProShares Managed Futures Strategy $ 33,371 * VIX Futures Contracts Receivables on open futures contracts ProShares VIX Short-Term Futures ETF 2,138,199 * Payable on open futures contracts ProShares VIX Short-Term Futures ETF 983,516 * ProShares VIX Mid-Term Futures ETF 3,460,005 * ProShares Short VIX Short-Term Futures ETF 61,882,492 * ProShares Ultra VIX Short-Term Futures ETF 24,843,975 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 210,073 Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraShort Bloomberg Crude Oil 4,118,789 * ProShares UltraShort Bloomberg Crude Oil 1,302,556 ProShares UltraShort Silver 523,519 ProShares UltraShort Bloomberg Natural Gas 2,413,924 * ProShares Ultra Bloomberg Commodity 60,301 ProShares UltraShort Gold 376,752 * ProShares Ultra Bloomberg Crude Oil 49,276,305 * ProShares UltraShort Silver 8,720 * ProShares Ultra Bloomberg Natural Gas 13,889,434 * ProShares Ultra Silver 367,326 ProShares Ultra Gold 1,297,871 * ProShares Ultra Silver 502,027 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Short Euro 160,875 * Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares UltraShort Euro 1,876,489 ProShares UltraShort Australian Dollar 49,290 * ProShares UltraShort Yen 968,851 ProShares UltraShort Euro 7,180,056 ProShares Ultra Euro 146,251 ProShares UltraShort Yen 78,122 ProShares Ultra Yen 492 ProShares Ultra Euro 3,916 ProShares Ultra Yen 11,644 Total Trust $ 42,741,986 * Total Trust $ 135,559,708 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. Fair Value of Derivative Instruments as of December 31, 2014 Asset Derivatives Liability Derivatives Derivatives not accounted for as hedging instruments Statements of Financial Condition Location Fund Unrealized Appreciation Statements of Financial Condition Location Fund Unrealized Depreciation Managed Futures Contracts Receivables on open futures contracts ProShares Managed Futures Strategy $ 122,831 * Payable on open futures contracts ProShares Managed Futures Strategy $ 18,504 * VIX Futures Contracts Receivables on open futures contracts ProShares VIX Short-Term Futures ETF 6,264,620 * Payable on open futures contracts ProShares VIX Mid-Term Futures ETF 222,845 * ProShares VIX Mid-Term Futures ETF 483,510 * ProShares Short VIX Short-Term ETF 16,352,149 * ProShares Ultra VIX Short-Term Futures ETF 39,585,253 * Commodities Contracts Receivables on open futures contracts, unrealized appreciation on swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 567,259 Payable on open futures contracts, unrealized depreciation on swap and/or forward agreements ProShares UltraShort Gold 2,287,298 * ProShares UltraShort Bloomberg Crude Oil 42,824,680 * ProShares UltraShort Silver 204,570 ProShares UltraShort Bloomberg Natural Gas 3,941,465 * ProShares Ultra Bloomberg Commodity 331,338 ProShares UltraShort Silver 801,083 * ProShares Ultra Bloomberg Crude Oil 122,655,884 * ProShares Ultra Gold 2,055,734 * ProShares Ultra Bloomberg Natural Gas 34,889,283 * ProShares Ultra Silver 12,396,680 * Foreign Exchange Contracts Unrealized appreciation on foreign currency forward contracts and receivables on open futures contracts ProShares Short Euro 385,331 * Unrealized depreciation on foreign currency forward contracts and payable on open futures contracts ProShares UltraShort Euro 2,256,771 ProShares UltraShort Australian Dollar 743,481 * ProShares UltraShort Yen 2,149,924 ProShares UltraShort Euro 19,019,765 ProShares Ultra Euro 106,292 ProShares UltraShort Yen 571,149 ProShares Ultra Yen 15,649 ProShares Ultra Euro 2,921 ProShares Ultra Yen 404 Total Trust $ 117,369,486 * Total Trust $ 193,887,187 * * Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments as presented in the Form 10-K for the year ended December 31, 2014. Only current day’s variation margin is reported within the Statements of Financial Condition as presented in the Form 10-K for the year ended December 31, 2014 in receivable/payable on open futures contracts. |
Effect of Derivative Instruments on Statements of Operations | The Effect of Derivative Instruments on the Statements of Operations For the three months ended September 30, 2015 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Derivatives Recognized in Income Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income Managed Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/depreciation on futures contracts ProShares Managed Futures Strategy $ (180,345 ) $ 208,302 VIX Futures Contracts Net realized gain (loss) on futures contracts, changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF 63,980,150 (12,755,774 ) ProShares VIX Mid-Term Futures ETF 631,983 3,760,350 ProShares Short VIX Short-Term Futures ETF (74,068,147 ) (45,302,831 ) ProShares Ultra VIX Short-Term Futures ETF 245,646,935 (63,658,535 ) Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 1,287,180 447,645 ProShares UltraShort Bloomberg Crude Oil 86,619,507 (598,141 ) ProShares UltraShort Bloomberg Natural Gas 1,310,886 2,386,865 ProShares UltraShort Gold 5,628,910 363,354 ProShares UltraShort Silver 9,309,358 (3,072,101 ) ProShares Ultra Bloomberg Commodity (520,396 ) (156,458 ) ProShares Ultra Bloomberg Crude Oil (529,899,587 ) (58,698,985 ) ProShares Ultra Bloomberg Natural Gas (8,595,657 ) (13,040,143 ) ProShares Ultra Gold (8,320,909 ) (872,547 ) ProShares Ultra Silver (56,510,845 ) 13,728,736 Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 45,301 (77,413 ) ProShares UltraShort Australian Dollar 3,397,069 146,750 ProShares UltraShort Euro (8,177,791 ) 827,483 ProShares UltraShort Yen (32,435,377 ) 13,321,397 ProShares Ultra Euro 68,814 (8,853 ) ProShares Ultra Yen 344,294 (148,766 ) Total Trust $ (300,438,667 ) $ (163,199,665 ) The Effect of Derivative Instruments on the Statements of Operations For the three months ended September 30, 2014 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Derivatives Recognized in Income Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF $ (2,990,117 ) $ 19,045,502 ProShares VIX Mid-Term Futures ETF (4,036,079 ) 5,996,790 ProShares Short VIX Short-Term Futures ETF 18,146,923 (33,969,073 ) ProShares Ultra VIX Short-Term Futures ETF (4,719,200 ) 89,185,433 Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 502,112 401,110 ProShares UltraShort Bloomberg Crude Oil 42,549,744 29,109,258 ProShares UltraShort Bloomberg Natural Gas 13,918,036 (4,337,530 ) ProShares UltraShort Gold (4,376,264 ) 16,210,828 ProShares UltraShort Silver (1,123,414 ) 22,946,708 ProShares Ultra Bloomberg Commodity (651,785 ) (339,598 ) ProShares Ultra Bloomberg Crude Oil (16,410,261 ) (12,476,761 ) ProShares Ultra Bloomberg Natural Gas (7,087,097 ) 5,766,729 ProShares Ultra Gold 1,375,191 (21,377,754 ) ProShares Ultra Silver 9,486,957 (178,532,813 ) Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 767,314 541,828 ProShares UltraShort Australian Dollar 549,795 2,249,440 ProShares UltraShort Euro 32,039,809 42,910,400 ProShares UltraShort Yen 15,787,084 44,778,863 ProShares Ultra Euro (172,537 ) (212,588 ) ProShares Ultra Yen (86,452 ) (209,139 ) Total Trust $ 93,469,759 $ 27,687,633 The Effect of Derivative Instruments on the Statements of Operations For the nine months ended September 30, 2015 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Derivatives Recognized in Income Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income Managed Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/depreciation on futures contracts ProShares Managed Futures Strategy $ (262,050 ) $ (1,145 ) VIX Futures Contracts Net realized gain (loss) on futures contracts, changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF 3,412,234 (5,109,937 ) ProShares VIX Mid-Term Futures ETF (2,291,385 ) 3,199,340 ProShares Short VIX Short-Term Futures ETF 35,780,248 (45,530,343 ) ProShares Ultra VIX Short-Term Futures ETF (291,236,149 ) (14,741,278 ) Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity 2,068,198 (357,186 ) ProShares UltraShort Bloomberg Crude Oil 47,564,151 (45,640,913 ) ProShares UltraShort Bloomberg Natural Gas 6,412,527 (1,527,541 ) ProShares UltraShort Gold 7,021,911 2,664,050 ProShares UltraShort Silver 7,378,507 (1,111,312 ) ProShares Ultra Bloomberg Commodity (1,033,383 ) 271,037 ProShares Ultra Bloomberg Crude Oil (497,278,535 ) 73,379,579 ProShares Ultra Bloomberg Natural Gas (58,404,100 ) 20,999,849 ProShares Ultra Gold (12,228,841 ) (3,353,605 ) ProShares Ultra Silver (72,520,807 ) 12,261,979 Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 1,196,063 (224,456 ) ProShares UltraShort Australian Dollar 5,930,837 (694,191 ) ProShares UltraShort Euro 69,763,997 (11,459,427 ) ProShares UltraShort Yen (6,900,989 ) 688,046 ProShares Ultra Euro (559,487 ) (38,964 ) ProShares Ultra Yen (174,883 ) 26,397 Total Trust $ (756,361,936 ) $ (16,300,021 ) The Effect of Derivative Instruments on the Statements of Operations For the nine months ended September 30, 2014 Derivatives not accounted for as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Fund Realized Gain (Loss) on Recognized in Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income VIX Futures Contracts Net realized gain (loss) on futures contracts / changes in unrealized appreciation/ depreciation on futures contracts ProShares VIX Short-Term Futures ETF $ (28,437,457 ) $ 29,084,702 ProShares VIX Mid-Term Futures ETF (16,100,400 ) 7,398,429 ProShares Short VIX Short-Term Futures ETF 94,414,974 (33,165,401 ) ProShares Ultra VIX Short-Term Futures ETF (255,442,487 ) 72,661,998 Commodity Contracts Net realized gain (loss) on futures contracts, swap and/or forward agreements/changes in unrealized appreciation/ depreciation on futures contracts, swap and/or forward agreements ProShares UltraShort Bloomberg Commodity (3,522 ) 379,056 ProShares UltraShort Bloomberg Crude Oil (1,295,265 ) 11,401,138 ProShares UltraShort Bloomberg Natural Gas 2,732,493 (2,911,986 ) ProShares UltraShort Gold (12,650,556 ) (25,093 ) ProShares UltraShort Silver (1,282,703 ) 14,580,242 ProShares Ultra Bloomberg Commodity (274,839 ) (345,632 ) ProShares Ultra Bloomberg Crude Oil 14,597,508 (9,827,181 ) ProShares Ultra Bloomberg Natural Gas 9,878,729 8,012,503 ProShares Ultra Gold 3,319,675 (1,317,485 ) ProShares Ultra Silver (22,797,421 ) (89,115,067 ) Foreign Exchange Contracts Net realized gain (loss) on futures and/or foreign currency forward contracts/changes in unrealized appreciation/ depreciation on futures and/or foreign currency forward contracts ProShares Short Euro 925,848 463,900 ProShares UltraShort Australian Dollar (1,375,743 ) 968,995 ProShares UltraShort Euro 25,744,724 51,071,566 ProShares UltraShort Yen 15,952,890 5,744,569 ProShares Ultra Euro (127,652 ) (282,823 ) ProShares Ultra Yen (108,048 ) 2,889 Total Trust $ (172,329,252 ) $ 64,779,319 |
Offsetting of Financial Assets and Liabilities | The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of September 30, 2015: Fair Values of Derivative Instruments as of September 30, 2015 Assets Liabilities Gross Gross Net Amounts of Gross Gross Net Amounts of ProShares UltraShort Bloomberg Commodity Swap agreements $ 210,073 $ — $ 210,073 $ — $ — $ — ProShares UltraShort Bloomberg Crude Oil Swap agreements 1,302,556 — 1,302,556 9,102 — 9,102 ProShares UltraShort Gold Forward agreements 368,112 — 368,112 — — — ProShares UltraShort Silver Forward agreements — — — 523,519 — 523,519 ProShares UltraShort Euro Foreign currency forward contracts 7,180,056 — 7,180,056 1,876,489 — 1,876,489 ProShares UltraShort Yen Foreign currency forward contracts 78,122 — 78,122 968,851 — 968,851 ProShares Ultra Bloomberg Commodity Swap agreements — — — 60,301 — 60,301 ProShares Ultra Bloomberg Crude Oil Swap agreements — — — 45,315,045 — 45,315,045 ProShares Ultra Gold Forward agreements — — — 1,289,231 — 1,289,231 ProShares Ultra Silver Forward agreements 367,326 — 367,326 492,732 — 492,732 ProShares Ultra Euro Foreign currency forward contracts 3,916 — 3,916 146,251 — 146,251 ProShares Ultra Yen Foreign currency forward contracts 11,644 — 11,644 492 — 492 The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of December 31, 2014: Fair Values of Derivative Instruments as of December 31, 2014 Assets Liabilities Gross Gross Net Amounts of Gross Gross Net Amounts of Liabilities ProShares UltraShort Bloomberg Commodity Swap agreements $ 567,259 $ — $ 567,259 $ — $ — $ — ProShares UltraShort Bloomberg Crude Oil Swap agreements 27,018,077 — 27,018,077 — — — ProShares UltraShort Gold Forward agreements — — — 2,282,778 — 2,282,778 ProShares UltraShort Silver Forward agreements 799,523 — 799,523 204,570 — 204,570 ProShares UltraShort Euro Foreign currency forward contracts 19,019,765 — 19,019,765 2,256,771 — 2,256,771 ProShares UltraShort Yen Foreign currency forward contracts 571,149 — 571,149 2,149,924 — 2,149,924 ProShares Ultra Bloomberg Commodity Swap agreements — — — 331,338 — 331,338 ProShares Ultra Bloomberg Crude Oil Swap agreements — — — 76,181,097 — 76,181,097 ProShares Ultra Gold Forward agreements 2,051,154 — 2,051,154 — — — ProShares Ultra Silver Forward agreements — — — 12,395,120 — 12,395,120 ProShares Ultra Euro Foreign currency forward contracts 2,921 — 2,921 106,292 — 106,292 ProShares Ultra Yen Foreign currency forward contracts 404 — 404 15,649 — 15,649 |
Gross Amounts Not Offset in Statements of Financial Condition | Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at September 30, 2015. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”. Gross Amounts Not Offset in the Statements of Financial Condition as of September 30, 2015 Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition Financial Instruments for the Benefit of (the Funds) / the Counterparties Cash Collateral for the Benefit of (the Funds) / the Counterparties Net Amount ProShares UltraShort Bloomberg Commodity Deutsche Bank AG $ 80,000 $ — $ (50,000 ) $ 30,000 Goldman Sachs International 94,573 — — 94,573 UBS AG 35,500 — — 35,500 ProShares UltraShort Bloomberg Crude Oil Deutsche Bank AG 587,462 — (450,000 ) 137,462 Goldman Sachs International 127,029 (1,174 ) — 125,855 Societe Generale S.A. 588,065 (588,065 ) — — UBS AG (9,102 ) 9,102 — — ProShares UltraShort Gold Deutsche Bank AG 47,487 — — 47,487 Goldman Sachs International 148,845 — — 148,845 Societe Generale S.A. 93,204 (93,204 ) — — UBS AG 78,576 — — 78,576 ProShares UltraShort Silver Deutsche Bank AG (81,990 ) 81,990 — — Goldman Sachs International (356,851 ) 356,851 — — Societe Generale S.A. (16,671 ) 16,671 — — UBS AG (68,007 ) 68,007 — — ProShares UltraShort Euro Goldman Sachs International 2,864,629 — — 2,864,629 UBS AG 2,438,938 — — 2,438,938 ProShares UltraShort Yen Goldman Sachs International (417,483 ) 417,483 — — UBS AG (473,246 ) 473,246 — — ProShares Ultra Bloomberg Commodity Deutsche Bank AG (24,403 ) — 24,403 — Goldman Sachs International (26,072 ) — 26,072 — UBS AG (9,826 ) — 9,826 — ProShares Ultra Bloomberg Crude Oil Deutsche Bank AG (13,364,460 ) 13,364,460 — — Goldman Sachs International (13,515,250 ) 13,515,250 — — Societe Generale S.A. (3,967,675 ) 3,967,675 — — UBS AG (14,467,660 ) 14,467,660 — — ProShares Ultra Gold Deutsche Bank AG (619,312 ) 619,312 — — Goldman Sachs International (222,153 ) 222,153 — — Societe Generale S.A. (113,075 ) 113,075 — — UBS AG (334,691 ) 334,691 — — ProShares Ultra Silver Deutsche Bank AG 325,395 — (325,395 ) — Goldman Sachs International (372,086 ) 372,086 — — Societe Generale S.A. 41,931 (41,931 ) — — UBS AG (120,646 ) 120,646 — — ProShares Ultra Euro Goldman Sachs International (76,938 ) 76,938 — — UBS AG (65,397 ) 65,397 — — ProShares Ultra Yen Goldman Sachs International 8,221 — — 8,221 UBS AG 2,931 — — 2,931 Asset (Liability) amounts shown in the table below represent amounts owed to (by) the Funds for the derivative-related investments at December 31, 2014. These amounts may be collateralized by cash or financial instruments, segregated for the benefit of the Funds or the counterparties, depending on whether the related contracts are in an appreciated or depreciated position at period end. Amounts shown in the column labeled “Net Amount” represent the uncollateralized portions of these amounts at period end. These amounts may be un-collateralized due to timing differences related to market movements or due to minimum thresholds for collateral movement, as further described above under the caption “Accounting for Derivative Instruments”. Gross Amounts Not Offset in the Statements of Financial Condition as of December 31, 2014 Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition Financial Instruments for the Benefit of (the Funds) / the Counterparties Cash Collateral for the Benefit of (the Funds) / the Counterparties Net Amount ProShares UltraShort Bloomberg Commodity Deutsche Bank AG $ 243,474 $ — $ — $ 243,474 Goldman Sachs International 240,271 — — 240,271 UBS AG 83,514 — — 83,514 ProShares UltraShort Bloomberg Crude Oil Deutsche Bank AG 7,669,493 — (6,800,000 ) 869,493 Goldman Sachs International 8,362,336 (7,598,657 ) — 763,679 Societe Generale S.A. 2,132,657 (2,132,657 ) — — UBS AG 8,853,591 (8,281,350 ) — 572,241 ProShares UltraShort Gold Deutsche Bank AG (1,422,997 ) 1,422,997 — — Goldman Sachs International (354,660 ) 354,660 — — Societe Generale S.A. (182,225 ) 182,225 — — UBS AG (322,896 ) 322,896 — — ProShares UltraShort Silver Deutsche Bank AG 462,619 — (462,619 ) — Goldman Sachs International 138,563 (138,563 ) — — Societe Generale S.A. 198,341 (198,341 ) — — UBS AG (204,570 ) 204,570 — — ProShares UltraShort Euro Goldman Sachs International 8,193,303 (6,008,925 ) — 2,184,378 UBS AG 8,569,691 (6,592,366 ) (11,518 ) 1,965,807 ProShares UltraShort Yen Goldman Sachs International (1,466,239 ) 1,466,239 — — UBS AG (112,536 ) 112,536 — — ProShares Ultra Bloomberg Commodity Deutsche Bank AG (143,751 ) 143,751 — — Goldman Sachs International (138,532 ) 138,532 — — UBS AG (49,055 ) 49,055 — — ProShares Ultra Bloomberg Crude Oil Deutsche Bank AG (24,223,667 ) 24,223,667 — — Goldman Sachs International (24,285,701 ) 24,285,701 — — Societe Generale S.A. (5,528,160 ) 5,528,160 — — UBS AG (22,143,569 ) 22,143,569 — — ProShares Ultra Gold Deutsche Bank AG 1,231,694 — (1,231,694 ) — Goldman Sachs International 222,126 — — 222,126 Societe Generale S.A. 190,591 (190,591 ) — — UBS AG 406,743 (406,743 ) — — ProShares Ultra Silver Deutsche Bank AG (6,220,069 ) 6,220,069 — — Goldman Sachs International (2,124,796 ) 2,124,796 — — Societe Generale S.A. (1,384,207 ) 1,384,207 — — UBS AG (2,666,048 ) 2,666,048 — — ProShares Ultra Euro Goldman Sachs International (38,856 ) 38,856 — — UBS AG (64,515 ) 64,515 — — ProShares Ultra Yen Goldman Sachs International (12,255 ) 12,255 — — UBS AG (2,990 ) 2,990 — — |
Creation and Redemption of Cr21
Creation and Redemption of Creation Units (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Schedule of Transaction Fees | Transaction fees for the three and nine months ended September 30, 2015, which are included in the Sale and/or Redemption of Shares on the Statements of Changes in Shareholders’ Equity, were as follows: Fund Three Months Ended Nine Months Ended Managed Futures Strategy $ — $ — VIX Short-Term Futures ETF 43,747 95,573 VIX Mid-Term Futures ETF — 8,093 Short VIX Short-Term Futures ETF 139,688 267,654 Ultra VIX Short-Term Futures ETF 472,333 1,086,845 UltraShort Bloomberg Commodity — — UltraShort Bloomberg Crude Oil 69,807 338,253 UltraShort Bloomberg Natural Gas 1,894 6,733 UltraShort Gold 1,162 7,441 UltraShort Silver 5,261 25,147 Short Euro — — UltraShort Australian Dollar — — UltraShort Euro — — UltraShort Yen — — Ultra Bloomberg Commodity 401 937 Ultra Bloomberg Crude Oil 140,803 691,077 Ultra Bloomberg Natural Gas 4,351 13,105 Ultra Gold 392 2,715 Ultra Silver 7,010 29,895 Ultra Euro — — Ultra Yen — — Total Trust $ 886,849 $ 2,573,468 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Per Share Operating Performance | Selected data for a Share outstanding throughout the three months ended September 30, 2015: For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Managed VIX Short- VIX Mid- Short VIX Short-Term Ultra VIX Short-Term UltraShort UltraShort Net asset value, at June 30, 2015 $ 20.4976 $ 13.5185 $ 54.9398 $ 78.8529 $ 44.5168 $ 86.9410 $ 56.8124 Net investment income (loss) (0.0437 ) (0.0322 ) (0.1221 ) (0.2058 ) (0.1658 ) (0.2509 ) (0.2323 ) Net realized and unrealized gain (loss)# 0.1310 3.7821 9.0130 (31.4722 ) 12.8701 28.9181 30.9380 Change in net asset value from operations 0.0873 3.7499 8.8909 (31.6780 ) 12.7043 28.6672 30.7057 Net asset value, at September 30, 2015 $ 20.5849 $ 17.2684 $ 63.8307 $ 47.1749 $ 57.2211 $ 115.6082 $ 87.5181 Market value per share, at June 30, 2015† $ 20.90 $ 13.42 $ 54.31 $ 79.06 $ 43.96 $ 88.96 $ 57.12 Market value per share, at September 30, 2015† $ 20.81 $ 17.08 $ 63.44 $ 47.64 $ 55.96 $ 114.58 $ 86.17 Total Return, at net asset value^ 0.4 % 27.7 % 16.2 % (40.2 )% 28.5 % 33.0 % 54.0 % Total Return, at market value^ (0.4 )% 27.3 % 16.8 % (39.7 )% 27.3 % 28.8 % 50.9 % Ratios to Average Net Assets** Expense ratio (0.85 )% (1.00 )% (0.87 )% (1.43 )% (1.73 )% (0.95 )% (1.10 )% Expense ratio, excluding brokerage commissions (0.75 )% (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.85 )% (0.97 )% (0.86 )% (1.39 )% (1.70 )% (0.92 )% (1.07 )% * 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 September 30, 2015. ** Percentages are annualized. For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Net asset value, at June 30, 2015 $ 74.7968 $ 99.0011 $ 109.4314 $ 43.0220 $ 54.5527 $ 24.7394 $ 92.1775 Net investment income (loss) (0.2693 ) (0.2445 ) (0.2751 ) (0.1036 ) (0.1555 ) (0.0575 ) (0.2127 ) Net realized and unrealized gain (loss)# 22.6066 8.2315 10.9009 (0.1537 ) 10.1266 (0.3042 ) (4.1411 ) Change in net asset value from operations 22.3373 7.9870 10.6258 (0.2573 ) 9.9711 (0.3617 ) (4.3538 ) Net asset value, at September 30, 2015 $ 97.1341 $ 106.9881 $ 120.0572 $ 42.7647 $ 64.5238 $ 24.3777 $ 87.8237 Market value per share, at June 30, 2015† $ 75.20 $ 98.82 $ 108.54 $ 43.05 $ 55.09 $ 24.75 $ 92.19 Market value per share, at September 30, 2015† $ 96.84 $ 106.63 $ 122.16 $ 42.78 $ 64.53 $ 24.36 $ 87.82 Total Return, at net asset value^ 29.9 % 8.1 % 9.7 % (0.6 )% 18.3 % (1.5 )% (4.7 )% Total Return, at market value^ 28.8 % 7.9 % 12.5 % (0.6 )% 17.1 % (1.6 )% (4.7 )% Ratios to Average Net Assets** Expense ratio (1.39 )% (0.95 )% (0.95 )% (0.97 )% (1.03 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0 .95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (1.36 )% (0 .91 )% (0.92 )% (0.95 )% (1.01 )% (0.92 )% (0.92 )% # 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 September 30, 2015. ** Percentages are annualized For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Ultra Ultra Ultra Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at June 30, 2015 $ 49.5838 $ 45.4988 $ 45.4247 $ 37.0199 $ 36.4482 $ 16.5907 $ 53.5029 Net investment income (loss) (0.0935 ) (0.0649 ) (0.1265 ) (0.0791 ) (0.0739 ) (0.0386 ) (0.1175 ) Net realized and unrealized gain (loss)# (13.6501 ) (23.0862 ) (13.2778 ) (3.7877 ) (5.3251 ) (0.0071 ) 1.9729 Change in net asset value from operations (13.7436 ) (23.1511 ) (13.4043 ) (3.8668 ) (5.3990 ) (0.0457 ) 1.8554 Net asset value, at September 30, 2015 $ 35.8402 $ 22.3477 $ 32.0204 $ 33.1531 $ 31.0492 $ 16.5450 $ 55.3583 Market value per share, at June 30, 2015† $ 47.02 $ 45.20 $ 45.20 $ 37.04 $ 36.63 $ 16.59 $ 53.61 Market value per share, at September 30, 2015† $ 35.88 $ 22.68 $ 32.19 $ 33.23 $ 30.53 $ 16.53 $ 55.38 Total Return, at net asset value^ (27.7 )% (50.9 )% (29.5 )% (10.4 )% (14.8 )% (0.3 )% 3.5 % Total Return, at market value^ (23.7 )% (49.8 )% (28.8 )% (10.3 )% (16.7 )% (0.4 )% 3.3 % Ratios to Average Net Assets** Expense ratio (0.95 )% (1.02 )% (1.25 )% (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 )% (0.95 )% Net investment income (loss) (0.94 )% (0.98 )% (1.23 )% (0.92 )% (0.90 )% (0.93 )% (0.87 )% * 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 September 30, 2015. ** Percentages are annualized. Selected data for a Share outstanding throughout the three months ended September 30, 2014: For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance VIX Short- VIX Mid- Short VIX Short-Term Ultra VIX Short-Term UltraShort UltraShort UltraShort Net asset value, at June 30, 2014 $ 19.0084 $ 61.7690 $ 88.4063 $ 132.7602 $ 54.2430 $ 24.6332 $ 40.5583 Net investment income (loss) (0.0444 ) (0.1295 ) (0.3181 ) (0.5878 ) (0.1422 ) (0.0654 ) (0.1378 ) Net realized and unrealized gain (loss)# 1.8571 2.3798 (13.2748 ) 16.6593 15.0557 6.2237 5.8977 Change in net asset value from operations 1.8127 2.2503 (13.5929 ) 16.0715 14.9135 6.1583 5.7599 Net asset value, at September 30, 2014 $ 20.8211 $ 64.0193 $ 74.8134 $ 148.8317 $ 69.1565 $ 30.7915 $ 46.3182 Market value per share, at June 30, 2014† $ 19.03 $ 61.88 $ 88.27 $ 133.10 $ 52.00 $ 24.61 $ 40.43 Market value per share, at September 30, 2014† $ 20.78 $ 63.88 $ 74.94 $ 148.15 $ 67.85 $ 30.60 $ 46.48 Total Return, at net asset value^ 9.5 % 3.6 % (15.4 )% 12.1 % 27.5 % 25.0 % 14.2 % Total Return, at market value^ 9.2 % 3.2 % (15.1 )% 11.3 % 30.5 % 24.3 % 15.0 % Ratios to Average Net Assets** Expense ratio (0.94 )% (0.88 )% (1.54 )% (1.82 )% (0.95 )% (0.97 )% (1.14 )% Expense ratio, excluding brokerage commissions (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.92 )% (0.85 )% (1.52 )% (1.80 )% (0.92 )% (0.94 )% (1.11 )% * 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 September 30, 2014. ** Percentages are annualized. For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Ultra Net asset value, at June 30, 2014 $ 83.9968 $ 73.6642 $ 35.6131 $ 40.2542 $ 17.0603 $ 64.8923 $ 88.1153 Net investment income (loss) (0.2023 ) (0.1862 ) (0.0864 ) (0.1020 ) (0.0419 ) (0.1581 ) (0.1789 ) Net realized and unrealized gain (loss)# 13.1335 33.6339 2.9991 5.7257 2.9566 11.0143 (19.8240 ) Change in net asset value from operations 12.9312 33.4477 2.9127 5.6237 2.9147 10.8562 (20.0029 ) Net asset value, at September 30, 2014 $ 96.9280 $ 107.1119 $ 38.5258 $ 45.8779 $ 19.9750 $ 75.7485 $ 68.1124 Market value per share, at June 30, 2014† $ 82.11 $ 72.05 $ 35.66 $ 40.29 $ 17.05 $ 64.89 $ 88.08 Market value per share, at September 30, 2014† $ 98.24 $ 107.60 $ 38.50 $ 45.82 $ 19.96 $ 75.76 $ 68.24 Total Return, at net asset value^ 15.4 % 45.4 % 8.2 % 14.0 % 17.1 % 16.7 % (22.7 )% Total Return, at market value^ 19.6 % 49.3 % 8.0 % 13.7 % 17.1 % 16.8 % (22.5 )% Ratios to Average Net Assets** Expense ratio (0.95 )% (0.95 )% (0.96 )% (1.01 )% (0.95 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.92 )% (0.91 )% (0.93 )% (0.98 )% (0.91 )% (0.92 )% (0.91 )% * 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 September 30, 2014. ** Percentages are annualized. For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Ultra Crude Oil* Ultra Bloomberg Natural Gas* Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at June 30, 2014 $ 195.9524 $ 180.1407 $ 48.3777 $ 70.1043 $ 25.6654 $ 79.8693 Net investment income (loss) (0.3890 ) (0.3691 ) (0.1051 ) (0.1442 ) (0.0553 ) (0.1751 ) Net realized and unrealized gain (loss)# (44.9744 ) (34.9239 ) (7.1796 ) (23.5528 ) (3.8505 ) (11.8185 ) Change in net asset value from operations (45.3634 ) (35.2930 ) (7.2847 ) (23.6970 ) (3.9058 ) (11.9936 ) Net asset value, at September 30, 2014 $ 150.5890 $ 144.8477 $ 41.0930 $ 46.4073 $ 21.7596 $ 67.8757 Market value per share, at June 30, 2014† $ 195.95 $ 180.08 $ 49.41 $ 71.76 $ 25.80 $ 80.28 Market value per share, at September 30, 2014† $ 151.70 $ 144.80 $ 40.59 $ 46.15 $ 21.72 $ 68.24 Total Return, at net asset value^ (23.2 )% (19.6 )% (15.1 )% (33.8 )% (15.2 )% (15.0 )% Total Return, at market value^ (22.6 )% (19.6 )% (17.9 )% (35.7 )% (15.8 )% (15.0 )% Ratios to Average Net Assets** Expense ratio (0.97 )% (1.09 )% (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) (0.94 )% (1.06 )% (0.91 )% (0.91 )% (0.91 )% (0.92 )% * 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 September 30, 2014. ** Percentages are annualized. Selected data for a Share outstanding throughout the nine months ended September 30, 2015: For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Managed VIX Short- VIX Mid- Short VIX Ultra VIX UltraShort UltraShort Net asset value, at December 31, 2014 $ 21.1354 $ 20.9321 $ 63.6020 $ 61.4004 $ 125.4591 $ 87.7495 $ 77.9790 Net investment income (loss) (0.1315 ) (0.1030 ) (0.3887 ) (0.6553 ) (0.6630 ) (0.6608 ) (0.5599 ) Net realized and unrealized gain (loss)# (0.4190 ) (3.5607 ) 0.6174 (13.5702 ) (67.5750 ) 28.5195 10.0990 Change in net asset value from operations (0.5505 ) (3.6637 ) 0.2287 (14.2255 ) (68.2380 ) 27.8587 9.5391 Net asset value, at September 30, 2015 $ 20.5849 $ 17.2684 $ 63.8307 $ 47.1749 $ 57.2211 $ 115.6082 $ 87.5181 Market value per share, at December 31, 2014† $ 21.28 $ 20.99 $ 63.89 $ 61.16 $ 125.75 $ 87.44 $ 76.52 Market value per share, at September 30, 2015† $ 20.81 $ 17.08 $ 63.44 $ 47.64 $ 55.96 $ 114.58 $ 86.17 Total Return, at net asset value^ (2.6 )% (17.5 )% 0.4 % (23.2 )% (54.4 )% 31.7 % 12.2 % Total Return, at market value^ (2.2 )% (18.6 )% (0.7 )% (22.1 )% (55.5 )% 31.0 % 12.6 % Ratios to Average Net Assets** Expense ratio (0.84 )% (0.97 )% (0.92 )% (1.43 )% (1.65 )% (0.95 )% (1.06 )% Expense ratio, excluding brokerage commissions (0.75 )% (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.84 )% (0.94 )% (0.89 )% (1.40 )% (1.63 )% (0.92 )% (1.03 )% * 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 September 30, 2015. ** Percentages are annualized. For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance UltraShort UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Net asset value, at December 31, 2014 $ 83.9577 $ 96.6516 $ 115.6143 $ 40.0617 $ 51.3790 $ 21.5946 $ 89.3336 Net investment income (loss) (0.8587 ) (0.6723 ) (0.7355 ) (0.3052 ) (0.4262 ) (0.1699 ) (0.6161 ) Net realized and unrealized gain (loss)# 14.0351 11.0088 5.1784 3.0082 13.5710 2.9530 (0.8938 ) Change in net asset value from operations 13.1764 10.3365 4.4429 2.7030 13.1448 2.7831 (1.5099 ) Net asset value, at September 30, 2015 $ 97.1341 $ 106.9881 $ 120.0572 $ 42.7647 $ 64.5238 $ 24.3777 $ 87.8237 Market value per share, at December 31, 2014† $ 82.03 $ 100.22 $ 119.39 $ 40.03 $ 51.37 $ 21.61 $ 89.30 Market value per share, at September 30, 2015† $ 96.84 $ 106.63 $ 122.16 $ 42.78 $ 64.53 $ 24.36 $ 87.82 Total Return, at net asset value^ 15.7 % 10.7 % 3.8 % 6.7 % 25.6 % 12.9 % (1.7 )% Total Return, at market value^ 18.1 % 6.4 % 2.3 % 6.9 % 25.6 % 12.7 % (1.7 )% Ratios to Average Net Assets** Expense ratio (1.47 )% (0.95 )% (0.95 )% (0.97 )% (1.03 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (1.44 )% (0.91 )% (0.92 )% (0.94 )% (1.01 )% (0.91 )% (0.91 )% # 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 September 30, 2015. ** Percentages are annualized. For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Ultra Ultra Ultra Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at December 31, 2014 $ 52.1342 $ 50.7400 $ 61.6491 $ 40.0011 $ 39.3657 $ 19.8744 $ 56.4747 Net investment income (loss) (0.3140 ) (0.2606 ) (0.4322 ) (0.2573 ) (0.2571 ) (0.1138 ) (0.3686 ) Net realized and unrealized gain (loss)# (15.9800 ) (28.1317 ) (29.1965 ) (6.5907 ) (8.0594 ) (3.2156 ) (0.7478 ) Change in net asset value from operations (16.2940 ) (28.3923 ) (29.6287 ) (6.8480 ) (8.3165 ) (3.3294 ) (1.1164 ) Net asset value, at September 30, 2015 $ 35.8402 $ 22.3477 $ 32.0204 $ 33.1531 $ 31.0492 $ 16.5450 $ 55.3583 Market value per share, at December 31, 2014† $ 51.44 $ 51.85 $ 63.12 $ 38.41 $ 38.05 $ 19.80 $ 56.48 Market value per share, at September 30, 2015† $ 35.88 $ 22.68 $ 32.19 $ 33.23 $ 30.53 $ 16.53 $ 55.38 Total Return, at net asset value^ (31.3 )% (56.0 )% (48.1 )% (17.1 )% (21.1 )% (16.8 )% (2.0 )% Total Return, at market value^ (30.2 )% (56.3 )% (49.0 )% (13.5 )% (19.8 )% (16.5 )% (1.9 )% Ratios to Average Net Assets** Expense ratio (0.95 )% (1.02 )% (1.26 )% (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 )% (0.95 )% Net investment income (loss) (0.92 )% (0.99 )% (1.23 )% (0.91 )% (0.90 )% (0.92 )% (0.90 )% * 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 September 30, 2015. ** Percentages are annualized. Selected data for a Share outstanding throughout the nine months ended September 30, 2014: For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance VIX Short- VIX Mid- Short VIX Short-Term Ultra VIX Short-Term UltraShort UltraShort UltraShort Net asset value, at December 31, 2013 $ 28.5387 $ 77.1837 $ 67.4993 $ 335.4203 $ 63.2936 $ 31.7301 $ 69.9635 Net investment income (loss) (0.1518 ) (0.4227 ) (0.7883 ) (2.4990 ) (0.3965 ) (0.1953 ) (0.3585 ) Net realized and unrealized gain (loss)# (7.5658 ) (12.7417 ) 8.1024 (184.0896 ) 6.2594 (0.7433 ) (23.2868 ) Change in net asset value from operations (7.7176 ) (13.1644 ) 7.3141 (186.5886 ) 5.8629 (0.9386 ) (23.6453 ) Net asset value, at September 30, 2014 $ 20.8211 $ 64.0193 $ 74.8134 $ 148.8317 $ 69.1565 $ 30.7915 $ 46.3182 Market value per share, at December 31, 2013† $ 28.53 $ 77.16 $ 67.47 $ 335.60 $ 58.41 $ 31.58 $ 69.36 Market value per share, at September 30, 2014† $ 20.78 $ 63.88 $ 74.94 $ 148.15 $ 67.85 $ 30.60 $ 46.48 Total Return, at net asset value^ (27.0 )% (17.1 )% 10.8 % (55.6 )% 9.3 % (3.0 )% (33.8 )% Total Return, at market value^ (27.2 )% (17.2 )% 11.1 % (55.9 )% 16.2 % (3.1 )% (33.0 )% Ratios to Average Net Assets** Expense ratio (0.87 )% (0.86 )% (1.51 )% (1.78 )% (0.95 )% (0.97 )% (1.16 )% Expense ratio, excluding brokerage commissions (0.85 )% (0.85 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.83 )% (0.82 )% (1.47 )% (1.75 )% (0.91 )% (0.93 )% (1.11 )% * 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 September 30, 2014. ** Percentages are annualized. For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance UltraShort UltraShort Short Euro UltraShort UltraShort UltraShort Ultra Net asset value, at December 31, 2013 $ 103.5180 $ 89.7820 $ 35.5867 $ 46.6384 $ 17.0613 $ 70.8640 $ 77.7259 Net investment income (loss) (0.5973 ) (0.5505 ) (0.2496 ) (0.3090 ) (0.1173 ) (0.4498 ) (0.5636 ) Net realized and unrealized gain (loss)# (5.9927 ) 17.8804 3.1887 (0.4515 ) 3.0310 5.3343 (9.0499 ) Change in net asset value from operations (6.5900 ) 17.3299 2.9391 (0.7605 ) 2.9137 4.8845 (9.6135 ) Net asset value, at September 30, 2014 $ 96.9280 $ 107.1119 $ 38.5258 $ 45.8779 $ 19.9750 $ 75.7485 $ 68.1124 Market value per share, at December 31, 2013† $ 103.53 $ 90.19 $ 35.66 $ 46.66 $ 17.06 $ 70.91 $ 76.52 Market value per share, at September 30, 2014† $ 98.24 $ 107.60 $ 38.50 $ 45.82 $ 19.96 $ 75.76 $ 68.24 Total Return, at net asset value^ (6.4 )% 19.3 % 8.3 % (1.6 )% 17.1 % 6.9 % (12.4 )% Total Return, at market value^ (5.1 )% 19.3 % 8.0 % (1.8 )% 17.0 % 6.8 % (10.8 )% Ratios to Average Net Assets** Expense ratio (0.95 )% (0.95 )% (0.96 )% (1.01 )% (0.95 )% (0.95 )% (0.95 )% Expense ratio, excluding brokerage commissions (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% (0.95 )% Net investment income (loss) (0.90 )% (0.90 )% (0.92 )% (0.96 )% (0.90 )% (0.89 )% (0.91 )% * 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 September 30, 2014. ** Percentages are annualized. For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Ultra Ultra Ultra Gold Ultra Silver Ultra Euro Ultra Yen* Net asset value, at December 31, 2013 $ 160.4495 $ 155.3534 $ 41.2553 $ 63.3305 $ 26.0346 $ 74.5261 Net investment income (loss) (1.1510 ) (1.2866 ) (0.3155 ) (0.4388 ) (0.1697 ) (0.5217 ) Net realized and unrealized gain (loss)# (8.7095 ) (9.2191 ) 0.1532 (16.4844 ) (4.1053 ) (6.1287 ) Change in net asset value from operations (9.8605 ) (10.5057 ) (0.1623 ) (16.9232 ) (4.2750 ) (6.6504 ) Net asset value, at September 30, 2014 $ 150.5890 $ 144.8477 $ 41.0930 $ 46.4073 $ 21.7596 $ 67.8757 Market value per share, at December 31, 2013† $ 161.10 $ 157.12 $ 41.26 $ 63.04 $ 25.98 $ 74.44 Market value per share, at September 30, 2014† $ 151.70 $ 144.80 $ 40.59 $ 46.15 $ 21.72 $ 68.24 Total Return, at net asset value^ (6.1 )% (6.8 )% (0.4 )% (26.7 )% (16.4 )% (8.9 )% Total Return, at market value^ (5.8 )% (7.8 )% (1.6 )% (26.8 )% (16.4 )% (8.3 )% Ratios to Average Net Assets** Expense ratio (0.98 )% (1.11 )% (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) (0.93 )% (1.07 )% (0.91 )% (0.91 )% (0.90 )% (0.90 )% * 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 September 30, 2014. ** Percentages are annualized. |
Pro Forma [Member] | |
Per Share Operating Performance | Pro forma information, giving retroactive effect to the split, is as follows: For the Three Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Net asset value, at June 30, 2015 $ 54.7157 Net investment income (loss) (0.1375 ) Net realized and unrealized gain (loss) 5.4504 Change in net asset value from operations 5.3129 Net asset value, at September 30, 2015 $ 60.0286 Market value per share, at June 30, 2015 $ 54.27 Market value per share, at September 30, 2015 $ 61.08 For the Nine Months Ended September 30, 2015 (unaudited) Per Share Operating Performance Net asset value, at December 31, 2014 $ 57.8071 Net investment income (loss) (0.3677 ) Net realized and unrealized gain (loss) 2.5892 Change in net asset value from operations 2.2215 Net asset value, at September 30, 2015 $ 60.0286 Market value per share, at December 31, 2014 $ 59.70 Market value per share, at September 30, 2015 $ 61.08 As of September 30, 2015 and December 31, 2014 (unaudited) Shares outstanding Shares outstanding, at September 30, 2015 916,978 Shares outstanding, at December 31, 2014 916,978 For the Three Months Ended September 30, 2015 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 6.50 Weighted-average shares outstanding 939,802 For the Nine Months Ended September 30, 2015 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 5.73 Weighted-average shares outstanding 1,028,332 Pro forma information, giving retroactive effect to the split, is as follows: For the Three Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Net asset value, at June 30, 2014 $ 36.8321 Net investment income (loss) (0.0931 ) Net realized and unrealized gain (loss) 16.8169 Change in net asset value from operations 16.7238 Net asset value, at September 30, 2014 $ 53.5559 Market value per share, at June 30, 2014 $ 36.03 Market value per share, at September 30, 2014 $ 53.80 For the Nine Months Ended September 30, 2014 (unaudited) Per Share Operating Performance Net asset value, at December 31, 2013 $ 44.8910 Net investment income (loss) (0.2752 ) Net realized and unrealized gain (loss) 8.9401 Change in net asset value from operations 8.6649 Net asset value, at September 30, 2014 $ 53.5559 Market value per share, at December 31, 2013 $ 45.10 Market value per share, at September 30, 2014 $ 53.80 For the Three Months Ended September 30, 2014 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 15.62 Weighted-average shares outstanding 1,388,716 For the Nine Months Ended September 30, 2014 (unaudited) Net income (loss) per weighted-average share Net income (loss) per weighted-average share $ 7.79 Weighted-average shares outstanding 1,648,114 |
Subsequent Events (Tables)
Subsequent Events (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
Schedule of Fund Going Under Stock Split | The split will be effective for shareholders of record after the close of the markets on November 10, 2015. The split will be effective at the market open on November 13, 2015, when the Fund will begin trading at its post-split price. The ticker symbol for the Fund will not change. Ticker Fund Split Ratio ZSL UltraShort Silver 2:1 |
Schedule of Investments - Futur
Schedule of Investments - Futures Contracts Purchased (Detail) | 9 Months Ended | |
Sep. 30, 2015USD ($)Contract | ||
ProShares Managed Futures Strategy [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 20,081 | [1] |
ProShares Managed Futures Strategy [Member] | Euro Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 3 | [1] |
Notional Amount at Value | $ 419,213 | [1] |
Unrealized Appreciation (Depreciation) | $ (1,350) | [1] |
ProShares Managed Futures Strategy [Member] | Japanese Yen Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6 | [1] |
Notional Amount at Value | $ 625,725 | [1] |
Unrealized Appreciation (Depreciation) | $ (2,381) | [1] |
ProShares Managed Futures Strategy [Member] | US 10 YR Note Futures - CBT, Expires December 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 11 | [1] |
Notional Amount at Value | $ 1,416,078 | [1] |
Unrealized Appreciation (Depreciation) | $ 9,750 | [1] |
ProShares Managed Futures Strategy [Member] | US Treasury Long Bond Futures - CBT, Expires December 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6 | [1] |
Notional Amount at Value | $ 944,063 | [1] |
Unrealized Appreciation (Depreciation) | 14,062 | [1] |
ProShares VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 1,154,683 | [2] |
ProShares VIX Short-Term Futures ETF [Member] | VIX Futures - CBOE, Expires October 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2,745 | [2] |
Notional Amount at Value | $ 63,203,625 | [2] |
Unrealized Appreciation (Depreciation) | $ (983,516) | [2] |
ProShares VIX Short-Term Futures ETF [Member] | VIX Futures - CBOE, Expires November 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2,144 | [2] |
Notional Amount at Value | $ 47,436,000 | [2] |
Unrealized Appreciation (Depreciation) | 2,138,199 | [2] |
ProShares VIX Mid-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 3,460,005 | [3] |
ProShares VIX Mid-Term Futures ETF [Member] | VIX Futures - CBOE, Expires January 2016 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 262 | [3] |
Notional Amount at Value | $ 5,757,450 | [3] |
Unrealized Appreciation (Depreciation) | $ 1,007,235 | [3] |
ProShares VIX Mid-Term Futures ETF [Member] | VIX Futures - CBOE, Expires February 2016 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 468 | [3] |
Notional Amount at Value | $ 10,377,900 | [3] |
Unrealized Appreciation (Depreciation) | $ 2,023,635 | [3] |
ProShares VIX Mid-Term Futures ETF [Member] | VIX Futures - CBOE, Expires March 2016 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 468 | [3] |
Notional Amount at Value | $ 10,377,900 | [3] |
Unrealized Appreciation (Depreciation) | $ 252,010 | [3] |
ProShares VIX Mid-Term Futures ETF [Member] | VIX Futures - CBOE, Expires April 2016 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 205 | [3] |
Notional Amount at Value | $ 4,597,125 | [3] |
Unrealized Appreciation (Depreciation) | 177,125 | [3] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 24,843,975 | [4] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | VIX Futures - CBOE, Expires October 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 16,536 | [4] |
Notional Amount at Value | $ 380,741,400 | [4] |
Unrealized Appreciation (Depreciation) | $ 11,812,897 | [4] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | VIX Futures - CBOE, Expires November 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 12,983 | [4] |
Notional Amount at Value | $ 287,248,875 | [4] |
Unrealized Appreciation (Depreciation) | 13,031,078 | [4] |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (45,315,045) | [5] |
ProShares Ultra Bloomberg Crude Oil [Member] | WTI Crude Oil Futures - NYMEX, Expires November 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 11,512 | [6] |
Notional Amount at Value | $ 519,076,080 | [6] |
Unrealized Appreciation (Depreciation) | $ (3,961,260) | [6] |
ProShares Ultra Bloomberg Natural Gas [Member] | Natural Gas - NYMEX, Expires November 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 4,166 | [7] |
Notional Amount at Value | $ 105,149,840 | [7] |
Unrealized Appreciation (Depreciation) | (13,889,434) | [7] |
ProShares Ultra Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (1,289,231) | [5] |
ProShares Ultra Gold [Member] | Gold Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [8] |
Notional Amount at Value | $ 223,040 | [8] |
Unrealized Appreciation (Depreciation) | (8,640) | [8] |
ProShares Ultra Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (125,406) | [5] |
ProShares Ultra Silver [Member] | Silver Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Purchased [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [9] |
Notional Amount at Value | $ 145,180 | [9] |
Unrealized Appreciation (Depreciation) | $ (9,295) | [9] |
[1] | Cash collateral in the amount of $320,529 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[2] | Cash collateral in the amount of $22,941,825 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[3] | Cash collateral in the amount of $3,956,460 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[4] | Cash collateral in the amount of $139,495,985 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[5] | The positions and counterparties herein are as of September 30, 2015. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at anytime. | |
[6] | Cash collateral in the amount of $22,020,119 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[7] | Cash collateral in the amount of $2,034,544 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[8] | Cash collateral in the amount of $8,250 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[9] | Cash collateral in the amount of $13,200 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. |
Schedule of Investments - Fut25
Schedule of Investments - Futures Contracts Purchased (Parenthetical) (Detail) - Futures Contracts Purchased [Member] | 9 Months Ended |
Sep. 30, 2015USD ($) | |
ProShares Managed Futures Strategy [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | $ 320,529 |
ProShares VIX Short-Term Futures ETF [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 22,941,825 |
ProShares VIX Mid-Term Futures ETF [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 3,956,460 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 139,495,985 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 22,020,119 |
ProShares Ultra Bloomberg Natural Gas [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 2,034,544 |
ProShares Ultra Gold [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 8,250 |
ProShares Ultra Silver [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | $ 13,200 |
Schedule of Investments - Fut26
Schedule of Investments - Futures Contracts Sold (Detail) | Sep. 30, 2015USD ($)Contract | |
ProShares Managed Futures Strategy [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 83,101 | [1] |
ProShares Managed Futures Strategy [Member] | Natural Gas Futures - NYMEX, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 7 | [1] |
Notional Amount at Value | $ 176,680 | [1] |
Unrealized Appreciation (Depreciation) | $ 14,117 | [1] |
ProShares Managed Futures Strategy [Member] | NY Harbor ULSD Futures - NYMEX, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 129,142 | [1] |
Unrealized Appreciation (Depreciation) | $ 2,650 | [1] |
ProShares Managed Futures Strategy [Member] | RBOB Gasoline Futures - NYMEX, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 114,803 | [1] |
Unrealized Appreciation (Depreciation) | $ 701 | [1] |
ProShares Managed Futures Strategy [Member] | Soybean Futures - CBT, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6 | [1] |
Notional Amount at Value | $ 267,600 | [1] |
Unrealized Appreciation (Depreciation) | $ 14,750 | [1] |
ProShares Managed Futures Strategy [Member] | WTI Crude Oil Futures - NYMEX, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 90,180 | [1] |
Unrealized Appreciation (Depreciation) | $ 3,252 | [1] |
ProShares Managed Futures Strategy [Member] | Australian Dollar Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 5 | [1] |
Notional Amount at Value | $ 349,400 | [1] |
Unrealized Appreciation (Depreciation) | $ (30) | [1] |
ProShares Managed Futures Strategy [Member] | British Pound Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6 | [1] |
Notional Amount at Value | $ 566,738 | [1] |
Unrealized Appreciation (Depreciation) | $ 5,725 | [1] |
ProShares Managed Futures Strategy [Member] | Canadian Dollar Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 6 | [1] |
Notional Amount at Value | $ 449,280 | [1] |
Unrealized Appreciation (Depreciation) | $ 2,570 | [1] |
ProShares Managed Futures Strategy [Member] | Cocoa Futures - ICE, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 14 | [1] |
Notional Amount at Value | $ 435,960 | [1] |
Unrealized Appreciation (Depreciation) | $ 10,630 | [1] |
ProShares Managed Futures Strategy [Member] | Coffee 'C' Futures - ICE, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 4 | [1] |
Notional Amount at Value | $ 182,025 | [1] |
Unrealized Appreciation (Depreciation) | $ 3,825 | [1] |
ProShares Managed Futures Strategy [Member] | Copper Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 5 | [1] |
Notional Amount at Value | $ 292,625 | [1] |
Unrealized Appreciation (Depreciation) | $ 1,463 | [1] |
ProShares Managed Futures Strategy [Member] | Corn Futures - CBT, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 13 | [1] |
Notional Amount at Value | $ 252,037 | [1] |
Unrealized Appreciation (Depreciation) | $ (2,425) | [1] |
ProShares Managed Futures Strategy [Member] | Cotton No. 2 Futures - ICE, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 10 | [1] |
Notional Amount at Value | $ 302,200 | [1] |
Unrealized Appreciation (Depreciation) | $ 7,146 | [1] |
ProShares Managed Futures Strategy [Member] | Gold 100 OZ Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 223,040 | [1] |
Unrealized Appreciation (Depreciation) | $ 12,020 | [1] |
ProShares Managed Futures Strategy [Member] | Gold Mini Futures - ICE, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 71,707 | [1] |
Unrealized Appreciation (Depreciation) | $ 399 | [1] |
ProShares Managed Futures Strategy [Member] | Lean Hogs Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 14 | [1] |
Notional Amount at Value | $ 373,660 | [1] |
Unrealized Appreciation (Depreciation) | $ (13,547) | [1] |
ProShares Managed Futures Strategy [Member] | Live Cattle Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 8 | [1] |
Notional Amount at Value | $ 418,960 | [1] |
Unrealized Appreciation (Depreciation) | $ 30,960 | [1] |
ProShares Managed Futures Strategy [Member] | Silver Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 145,180 | [1] |
Unrealized Appreciation (Depreciation) | $ 1,370 | [1] |
ProShares Managed Futures Strategy [Member] | Swiss Franc Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [1] |
Notional Amount at Value | $ 257,050 | [1] |
Unrealized Appreciation (Depreciation) | $ 1,163 | [1] |
ProShares Managed Futures Strategy [Member] | Wheat Futures - CBT, December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 10 | [1] |
Notional Amount at Value | $ 256,375 | [1] |
Unrealized Appreciation (Depreciation) | $ (1,475) | [1] |
ProShares Managed Futures Strategy [Member] | Sugar #11 Futures - CBT, Expires March 2016 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 18 | [1] |
Notional Amount at Value | $ 259,661 | [1] |
Unrealized Appreciation (Depreciation) | (12,163) | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (61,882,492) | [2] |
ProShares Short VIX Short-Term Futures ETF [Member] | VIX Futures - CBOE, Expires October 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 15,656 | [2] |
Notional Amount at Value | $ 360,479,400 | [2] |
Unrealized Appreciation (Depreciation) | $ (46,371,878) | [2] |
ProShares Short VIX Short-Term Futures ETF [Member] | VIX Futures - CBOE, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 12,319 | [2] |
Notional Amount at Value | $ 272,557,875 | [2] |
Unrealized Appreciation (Depreciation) | (15,510,614) | [2] |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 1,293,454 | [3],[4] |
ProShares UltraShort Bloomberg Crude Oil [Member] | WTI Crude Oil Futures - NYMEX, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2,842 | [5] |
Notional Amount at Value | $ 128,145,780 | [5] |
Unrealized Appreciation (Depreciation) | $ (4,109,687) | [5] |
ProShares UltraShort Bloomberg Natural Gas [Member] | Natural Gas - NYMEX, Expires November 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 962 | [6] |
Notional Amount at Value | $ 24,280,880 | [6] |
Unrealized Appreciation (Depreciation) | 2,413,924 | [6] |
ProShares UltraShort Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 368,112 | [4] |
ProShares UltraShort Gold [Member] | Gold Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [7] |
Notional Amount at Value | $ 223,040 | [7] |
Unrealized Appreciation (Depreciation) | 8,640 | [7] |
ProShares UltraShort Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (523,519) | [4] |
ProShares UltraShort Silver [Member] | Silver Futures - COMEX, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 2 | [8] |
Notional Amount at Value | $ 145,180 | [8] |
Unrealized Appreciation (Depreciation) | $ 8,720 | [8] |
ProShares Short Euro [Member] | Euro Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 244 | [9] |
Notional Amount at Value | $ 34,095,950 | [9] |
Unrealized Appreciation (Depreciation) | $ 160,875 | [9] |
ProShares UltraShort Australian Dollar [Member] | Australian Dollar Fx Currency Futures - CME, Expires December 2015 [Member] | Futures Contracts Sold [Member] | ||
Schedule of Investments [Line Items] | ||
Number of Contracts | Contract | 645 | [10] |
Notional Amount at Value | $ 45,072,600 | [10] |
Unrealized Appreciation (Depreciation) | $ 49,290 | [10] |
[1] | Cash collateral in the amount of $320,529 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[2] | Cash collateral in the amount of $7,780,110 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[3] | For swap agreements, a positive amount represents "long" exposure to the benchmark index. A negative amount represents "short" exposure to the benchmark index. | |
[4] | The positions and counterparties herein are as of September 30, 2015. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at anytime. | |
[5] | Cash collateral in the amount of $11,545,833 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[6] | Cash collateral in the amount of $2,116,400 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[7] | Cash collateral in the amount of $8,250 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[8] | Cash collateral in the amount of $13,200 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[9] | Cash collateral in the amount of $952,820 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. | |
[10] | Cash collateral in the amount of $1,381,190 was pledged to cover margin requirements for open futures contracts as of September 30, 2015. |
Schedule of Investments - Fut27
Schedule of Investments - Futures Contracts Sold (Parenthetical) (Detail) - Futures Contracts Sold [Member] | 9 Months Ended |
Sep. 30, 2015USD ($) | |
ProShares Managed Futures Strategy [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | $ 320,529 |
ProShares Short VIX Short-Term Futures ETF [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 7,780,110 |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 11,545,833 |
ProShares UltraShort Bloomberg Natural Gas [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 2,116,400 |
ProShares UltraShort Gold [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 8,250 |
ProShares UltraShort Silver [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 13,200 |
ProShares Short Euro [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | 952,820 |
ProShares UltraShort Australian Dollar [Member] | |
Schedule of Investments [Line Items] | |
Cash collateral pledged to cover margin requirements | $ 1,381,190 |
Schedule of Investments - Short
Schedule of Investments - Short-Term U.S. Government and Agency Obligations (Detail) | Sep. 30, 2015USD ($) | |
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | $ 3,282,132,449 | |
ProShares VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 88,533,608 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.005% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,602,000 | |
Total short-term U.S. government and Value | 5,602,002 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.015% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 9,642,000 | |
Total short-term U.S. government and Value | 9,642,018 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.007% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 8,325,000 | |
Total short-term U.S. government and Value | 8,325,122 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.010% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,211,000 | |
Total short-term U.S. government and Value | 4,211,057 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.046% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,650,000 | |
Total short-term U.S. government and Value | 2,649,977 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.029% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 19,182,000 | |
Total short-term U.S. government and Value | 19,182,411 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.087% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,167,000 | |
Total short-term U.S. government and Value | 5,166,789 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 8,658,000 | |
Total short-term U.S. government and Value | 8,657,428 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 25,099,000 | [1] |
Total short-term U.S. government and Value | 25,096,804 | [1] |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 25,286,238 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.018% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 6,899,000 | |
Total short-term U.S. government and Value | 6,899,013 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 8,175,000 | |
Total short-term U.S. government and Value | 8,175,119 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.019% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 6,128,000 | |
Total short-term U.S. government and Value | 6,127,947 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.029% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,084,000 | |
Total short-term U.S. government and Value | 4,084,159 | |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 606,156,790 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.015% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 7,655,000 | |
Total short-term U.S. government and Value | 7,655,015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.007% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 42,975,000 | |
Total short-term U.S. government and Value | 42,975,627 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 22,342,000 | [1] |
Total short-term U.S. government and Value | 22,340,523 | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.022% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 34,756,000 | |
Total short-term U.S. government and Value | 34,756,014 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.003% Due 11/12/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 22,027,000 | |
Total short-term U.S. government and Value | 22,027,258 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.031% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 11,605,000 | |
Total short-term U.S. government and Value | 11,605,158 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 21,136,000 | |
Total short-term U.S. government and Value | 21,135,833 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.022% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 178,415,000 | [1] |
Total short-term U.S. government and Value | 178,413,448 | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.031% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,000,000 | |
Total short-term U.S. government and Value | 2,000,078 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.035% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 71,174,000 | |
Total short-term U.S. government and Value | 71,175,523 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.086% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 146,376,000 | [1] |
Total short-term U.S. government and Value | 146,370,028 | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.100% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 17,220,000 | |
Total short-term U.S. government and Value | 17,219,247 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,000,000 | |
Total short-term U.S. government and Value | 3,999,751 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.005% Due 02/11/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 24,486,000 | [1] |
Total short-term U.S. government and Value | 24,483,287 | [1] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 192,258,925 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,318,000 | [1] |
Total short-term U.S. government and Value | 4,317,732 | [1] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.036% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,848,000 | |
Total short-term U.S. government and Value | 5,848,002 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.034% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,756,000 | |
Total short-term U.S. government and Value | 5,756,078 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.025% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 31,687,000 | |
Total short-term U.S. government and Value | 31,686,750 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.035% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 51,110,000 | |
Total short-term U.S. government and Value | 51,109,555 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.032% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 59,231,000 | |
Total short-term U.S. government and Value | 59,233,304 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,000,000 | |
Total short-term U.S. government and Value | 999,959 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 33,309,000 | |
Total short-term U.S. government and Value | 33,307,545 | |
ProShares UltraShort Bloomberg Commodity [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 6,062,965 | |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 946,000 | [2] |
Total short-term U.S. government and Value | 946,014 | [2] |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,033,000 | [2] |
Total short-term U.S. government and Value | 1,032,936 | [2] |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,268,000 | [2] |
Total short-term U.S. government and Value | 2,268,031 | [2] |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.040% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,816,000 | [2] |
Total short-term U.S. government and Value | 1,815,984 | [2] |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 131,365,647 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 14,342,000 | [3] |
Total short-term U.S. government and Value | 14,341,108 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.025% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 8,854,000 | [3] |
Total short-term U.S. government and Value | 8,853,930 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 11,725,000 | [3] |
Total short-term U.S. government and Value | 11,725,159 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.011% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 22,467,000 | |
Total short-term U.S. government and Value | 22,467,009 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.030% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 8,497,000 | |
Total short-term U.S. government and Value | 8,497,016 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.027% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 14,259,000 | [3] |
Total short-term U.S. government and Value | 14,258,876 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.027% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 45,655,000 | [3] |
Total short-term U.S. government and Value | 45,656,776 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.080% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,566,000 | [3] |
Total short-term U.S. government and Value | 5,565,773 | [3] |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 9,169,710 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.034% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,270,000 | |
Total short-term U.S. government and Value | 1,270,017 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.025% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,737,000 | |
Total short-term U.S. government and Value | 2,736,976 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.107% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 3,609,000 | |
Total short-term U.S. government and Value | 3,608,853 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,554,000 | |
Total short-term U.S. government and Value | 1,553,864 | |
ProShares UltraShort Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 74,161,976 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,869,000 | [4] |
Total short-term U.S. government and Value | 4,868,962 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.025% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,190,000 | [4] |
Total short-term U.S. government and Value | 5,189,955 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.016% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 16,090,000 | |
Total short-term U.S. government and Value | 16,090,006 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.019% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 34,301,000 | [4] |
Total short-term U.S. government and Value | 34,301,467 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,342,000 | [4] |
Total short-term U.S. government and Value | 2,342,050 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 11,370,000 | [4] |
Total short-term U.S. government and Value | 11,369,536 | [4] |
ProShares UltraShort Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 55,416,227 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,282,000 | [4] |
Total short-term U.S. government and Value | 2,281,982 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.022% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 14,849,000 | [4] |
Total short-term U.S. government and Value | 14,848,871 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.011% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,000,000 | |
Total short-term U.S. government and Value | 4,000,002 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.019% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,424,000 | [4] |
Total short-term U.S. government and Value | 5,424,074 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,789,000 | [4] |
Total short-term U.S. government and Value | 2,789,060 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 8,744,000 | [4] |
Total short-term U.S. government and Value | 8,743,643 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.026% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,121,000 | |
Total short-term U.S. government and Value | 2,121,004 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.028% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 15,207,000 | [4] |
Total short-term U.S. government and Value | 15,207,591 | [4] |
ProShares Short Euro [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 22,432,678 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.005% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,087,000 | |
Total short-term U.S. government and Value | 1,087,000 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.015% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,421,000 | |
Total short-term U.S. government and Value | 2,421,005 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,948,000 | |
Total short-term U.S. government and Value | 2,947,977 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.000% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,605,000 | |
Total short-term U.S. government and Value | 5,604,771 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.040% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,074,000 | |
Total short-term U.S. government and Value | 2,073,982 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,049,000 | |
Total short-term U.S. government and Value | 2,048,821 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,811,000 | |
Total short-term U.S. government and Value | 4,811,103 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.030% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,438,000 | |
Total short-term U.S. government and Value | 1,438,019 | |
ProShares UltraShort Australian Dollar [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 18,897,975 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,618,000 | [5] |
Total short-term U.S. government and Value | 1,617,858 | [5] |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.030% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 9,595,000 | |
Total short-term U.S. government and Value | 9,595,131 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.020% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,090,000 | |
Total short-term U.S. government and Value | 1,089,991 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.020% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 5,502,000 | |
Total short-term U.S. government and Value | 5,501,952 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.020% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,093,000 | |
Total short-term U.S. government and Value | 1,093,043 | |
ProShares UltraShort Euro [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 542,602,902 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 28,272,000 | [6] |
Total short-term U.S. government and Value | 28,270,131 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 44,995,000 | |
Total short-term U.S. government and Value | 44,992,201 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.019% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 24,622,000 | |
Total short-term U.S. government and Value | 24,622,010 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.025% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 21,957,000 | |
Total short-term U.S. government and Value | 21,957,042 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.014% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 76,737,000 | |
Total short-term U.S. government and Value | 76,738,120 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.015% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 71,878,000 | |
Total short-term U.S. government and Value | 71,878,978 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.071% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 88,844,000 | [6] |
Total short-term U.S. government and Value | 88,843,298 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.021% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 15,975,000 | [6] |
Total short-term U.S. government and Value | 15,974,861 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 93,558,000 | [6] |
Total short-term U.S. government and Value | 93,561,640 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.030% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 75,763,000 | [6] |
Total short-term U.S. government and Value | 75,764,621 | [6] |
ProShares UltraShort Yen [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 308,472,546 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 14,859,000 | |
Total short-term U.S. government and Value | 14,859,217 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.022% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 15,393,000 | [6] |
Total short-term U.S. government and Value | 15,392,866 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 53,476,000 | [6] |
Total short-term U.S. government and Value | 53,476,727 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.080% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,417,000 | |
Total short-term U.S. government and Value | 4,416,820 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 10,200,000 | [6] |
Total short-term U.S. government and Value | 10,200,219 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 6,086,000 | [6] |
Total short-term U.S. government and Value | 6,086,237 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.027% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 165,347,000 | |
Total short-term U.S. government and Value | 165,347,066 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.033% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 23,801,000 | |
Total short-term U.S. government and Value | 23,801,045 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.148% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 14,893,000 | [6] |
Total short-term U.S. government and Value | 14,892,349 | [6] |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 809,558,932 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.005% Due 02/11/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 25,516,000 | |
Total short-term U.S. government and Value | 25,513,173 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.036% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 312,000 | |
Total short-term U.S. government and Value | 312,000 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.029% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 29,479,000 | |
Total short-term U.S. government and Value | 29,479,056 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.025% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 46,646,000 | |
Total short-term U.S. government and Value | 46,646,681 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.071% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 123,766,000 | |
Total short-term U.S. government and Value | 123,767,683 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.022% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 251,501,000 | [3] |
Total short-term U.S. government and Value | 251,499,013 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.026% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 54,790,000 | [3] |
Total short-term U.S. government and Value | 54,789,524 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.026% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 81,721,000 | [3] |
Total short-term U.S. government and Value | 81,724,179 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.094% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 64,610,000 | [3] |
Total short-term U.S. government and Value | 64,607,364 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.137% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 85,422,000 | [3] |
Total short-term U.S. government and Value | 85,418,267 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.001% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 45,806,000 | [3] |
Total short-term U.S. government and Value | 45,801,992 | [3] |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 50,788,895 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.005% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,706,000 | |
Total short-term U.S. government and Value | 4,706,002 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 3,139,000 | [5] |
Total short-term U.S. government and Value | 3,138,793 | [5] |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 4,075,000 | |
Total short-term U.S. government and Value | 4,075,060 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.031% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 6,232,000 | |
Total short-term U.S. government and Value | 6,232,085 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 3,375,000 | |
Total short-term U.S. government and Value | 3,374,973 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.080% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,137,000 | |
Total short-term U.S. government and Value | 1,136,954 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,752,000 | [5] |
Total short-term U.S. government and Value | 2,751,759 | [5] |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 12,954,000 | [5] |
Total short-term U.S. government and Value | 12,954,277 | [5] |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,833,000 | |
Total short-term U.S. government and Value | 1,833,071 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.007% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,271,000 | |
Total short-term U.S. government and Value | 1,271,002 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.033% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 9,315,000 | |
Total short-term U.S. government and Value | 9,314,919 | |
ProShares Ultra Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 79,793,461 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 3,330,000 | [4] |
Total short-term U.S. government and Value | 3,330,071 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 13,049,000 | [4] |
Total short-term U.S. government and Value | 13,048,468 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.020% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 7,721,000 | [4] |
Total short-term U.S. government and Value | 7,720,939 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 9,832,000 | [4] |
Total short-term U.S. government and Value | 9,832,382 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.016% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 45,862,000 | [4] |
Total short-term U.S. government and Value | 45,861,601 | [4] |
ProShares Ultra Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 245,461,699 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 17,053,000 | [4] |
Total short-term U.S. government and Value | 17,053,232 | [4] |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 45,864,000 | [4] |
Total short-term U.S. government and Value | 45,862,129 | [4] |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.020% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 22,113,000 | [4] |
Total short-term U.S. government and Value | 22,112,825 | [4] |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.015% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 42,072,000 | |
Total short-term U.S. government and Value | 42,072,017 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.019% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 11,563,000 | |
Total short-term U.S. government and Value | 11,563,022 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.018% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 17,291,000 | |
Total short-term U.S. government and Value | 17,291,253 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.087% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 89,508,000 | [4] |
Total short-term U.S. government and Value | 89,507,221 | [4] |
ProShares Ultra Euro [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 10,695,537 | |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,135,000 | [6] |
Total short-term U.S. government and Value | 1,135,017 | [6] |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 0.019% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 2,157,000 | [6] |
Total short-term U.S. government and Value | 2,156,981 | [6] |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 7,404,000 | |
Total short-term U.S. government and Value | 7,403,539 | |
ProShares Ultra Yen [Member] | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and Value | 5,015,738 | |
ProShares Ultra Yen [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 3,811,000 | [6] |
Total short-term U.S. government and Value | 3,810,748 | [6] |
ProShares Ultra Yen [Member] | U.S. Treasury Bills 0.015% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Principal Amount | 1,205,000 | |
Total short-term U.S. government and Value | $ 1,204,990 | |
[1] | All or partial amount pledged as collateral for future contracts. | |
[2] | All or partial amount pledged as collateral for swap agreements. | |
[3] | All or partial amount pledged as collateral for swap agreements and/or futures contracts. | |
[4] | All or partial amount pledged as collateral for forward agreements and/or futures contracts. | |
[5] | All or partial amount pledged as collateral for futures contracts. | |
[6] | All or partial amount segregated as collateral for foreign currency forward contracts. |
Schedule of Investments - Sho29
Schedule of Investments - Short-Term U.S. Government and Agency Obligations (Parenthetical) (Detail) | 9 Months Ended | |
Sep. 30, 2015USD ($) | ||
Schedule of Investments [Line Items] | ||
Total short-term U.S. government and agency obligations, cost | $ 3,281,880,201 | |
ProShares VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 80.00% | |
Total short-term U.S. government and agency obligations, cost | $ 88,528,469 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.005% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.005% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.015% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.015% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.007% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.007% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.010% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.01% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.046% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.046% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.029% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.029% | |
Debt instrument, maturity date | Dec. 17, 2015 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.087% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.087% | |
Debt instrument, maturity date | Jan. 7, 2016 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.165% | |
Debt instrument, maturity date | Jan. 28, 2016 | |
ProShares VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | [1] |
Debt instrument, maturity date | Feb. 4, 2016 | [1] |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 81.00% | |
Total short-term U.S. government and agency obligations, cost | $ 25,285,451 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.018% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.018% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.012% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.019% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.019% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares VIX Mid-Term Futures ETF [Member] | U.S. Treasury Bills 0.029% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.029% | |
Debt instrument, maturity date | Dec. 10, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 96.00% | |
Total short-term U.S. government and agency obligations, cost | $ 606,101,455 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.015% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.015% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.007% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.007% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.165% | [1] |
Debt instrument, maturity date | Jan. 28, 2016 | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.022% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.022% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.003% Due 11/12/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.003% | |
Debt instrument, maturity date | Nov. 12, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.031% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.031% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.021% | |
Debt instrument, maturity date | Nov. 27, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.022% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.022% | [1] |
Debt instrument, maturity date | Dec. 3, 2015 | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.031% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.031% | |
Debt instrument, maturity date | Dec. 10, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.035% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.035% | |
Debt instrument, maturity date | Dec. 17, 2015 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.086% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.086% | [1] |
Debt instrument, maturity date | Jan. 7, 2016 | [1] |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.100% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.10% | |
Debt instrument, maturity date | Jan. 14, 2016 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | |
Debt instrument, maturity date | Jan. 21, 2016 | |
ProShares Short VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.005% Due 02/11/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.005% | [1] |
Debt instrument, maturity date | Feb. 11, 2016 | [1] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 57.00% | |
Total short-term U.S. government and agency obligations, cost | $ 192,250,659 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | [1] |
Debt instrument, maturity date | Jan. 21, 2016 | [1] |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.036% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.036% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.034% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.034% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.025% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.025% | |
Debt instrument, maturity date | Nov. 27, 2015 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.035% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.035% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.032% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.032% | |
Debt instrument, maturity date | Dec. 10, 2015 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | |
Debt instrument, maturity date | Jan. 7, 2016 | |
ProShares Ultra VIX Short-Term Futures ETF [Member] | U.S. Treasury Bills 0.000% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | |
Debt instrument, maturity date | Jan. 14, 2016 | |
ProShares UltraShort Bloomberg Commodity [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 87.00% | |
Total short-term U.S. government and agency obligations, cost | $ 6,062,754 | |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.012% | [2] |
Debt instrument, maturity date | Nov. 5, 2015 | [2] |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | [2] |
Debt instrument, maturity date | Jan. 21, 2016 | [2] |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.035% | [2] |
Debt instrument, maturity date | Nov. 19, 2015 | [2] |
ProShares UltraShort Bloomberg Commodity [Member] | U.S. Treasury Bills 0.040% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.04% | [2] |
Debt instrument, maturity date | Dec. 3, 2015 | [2] |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 93.00% | |
Total short-term U.S. government and agency obligations, cost | $ 131,359,782 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | [3] |
Debt instrument, maturity date | Jan. 21, 2016 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.025% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.025% | [3] |
Debt instrument, maturity date | Nov. 27, 2015 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.035% | [3] |
Debt instrument, maturity date | Nov. 19, 2015 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.011% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.011% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.030% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.027% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.027% | [3] |
Debt instrument, maturity date | Dec. 3, 2015 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.027% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.027% | [3] |
Debt instrument, maturity date | Dec. 10, 2015 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.080% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.08% | [3] |
Debt instrument, maturity date | Jan. 7, 2016 | [3] |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 76.00% | |
Total short-term U.S. government and agency obligations, cost | $ 9,168,763 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.034% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.034% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.025% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.025% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.107% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.107% | |
Debt instrument, maturity date | Jan. 7, 2016 | |
ProShares UltraShort Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.002% | |
Debt instrument, maturity date | Feb. 4, 2016 | |
ProShares UltraShort Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 99.00% | |
Total short-term U.S. government and agency obligations, cost | $ 74,156,465 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.021% | [4] |
Debt instrument, maturity date | Nov. 27, 2015 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.025% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.025% | [4] |
Debt instrument, maturity date | Dec. 3, 2015 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.016% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.016% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.019% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.019% | [4] |
Debt instrument, maturity date | Nov. 19, 2015 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [4] |
Debt instrument, maturity date | Dec. 17, 2015 | [4] |
ProShares UltraShort Gold [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.135% | [4] |
Debt instrument, maturity date | Jan. 7, 2016 | [4] |
ProShares UltraShort Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 101.00% | |
Total short-term U.S. government and agency obligations, cost | $ 55,411,040 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.021% | [4] |
Debt instrument, maturity date | Nov. 27, 2015 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.022% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.022% | [4] |
Debt instrument, maturity date | Dec. 3, 2015 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.011% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.011% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.019% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.019% | [4] |
Debt instrument, maturity date | Nov. 19, 2015 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [4] |
Debt instrument, maturity date | Dec. 17, 2015 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.135% | [4] |
Debt instrument, maturity date | Jan. 7, 2016 | [4] |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.026% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.026% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares UltraShort Silver [Member] | U.S. Treasury Bills 0.028% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.028% | [4] |
Debt instrument, maturity date | Dec. 10, 2015 | [4] |
ProShares Short Euro [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 66.00% | |
Total short-term U.S. government and agency obligations, cost | $ 22,432,473 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.005% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.005% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.015% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.015% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.021% | |
Debt instrument, maturity date | Nov. 27, 2015 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.000% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | |
Debt instrument, maturity date | Jan. 7, 2016 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.040% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.04% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.002% | |
Debt instrument, maturity date | Feb. 4, 2016 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | |
Debt instrument, maturity date | Dec. 17, 2015 | |
ProShares Short Euro [Member] | U.S. Treasury Bills 0.030% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares UltraShort Australian Dollar [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 84.00% | |
Total short-term U.S. government and agency obligations, cost | $ 18,897,327 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.002% | [5] |
Debt instrument, maturity date | Feb. 4, 2016 | [5] |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.030% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.020% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | |
Debt instrument, maturity date | Nov. 27, 2015 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.020% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares UltraShort Australian Dollar [Member] | U.S. Treasury Bills 0.020% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | |
Debt instrument, maturity date | Dec. 10, 2015 | |
ProShares UltraShort Euro [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 99.00% | |
Total short-term U.S. government and agency obligations, cost | $ 542,562,137 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.165% | [6] |
Debt instrument, maturity date | Jan. 28, 2016 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | |
Debt instrument, maturity date | Jan. 21, 2016 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.019% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.019% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.025% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.025% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.014% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.014% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.015% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.015% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.071% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.071% | [6] |
Debt instrument, maturity date | Nov. 27, 2015 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.021% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.021% | [6] |
Debt instrument, maturity date | Dec. 3, 2015 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | [6] |
Debt instrument, maturity date | Dec. 10, 2015 | [6] |
ProShares UltraShort Euro [Member] | U.S. Treasury Bills 0.030% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | [6] |
Debt instrument, maturity date | Dec. 17, 2015 | [6] |
ProShares UltraShort Yen [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 102.00% | |
Total short-term U.S. government and agency obligations, cost | $ 308,460,362 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.012% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.022% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.022% | [6] |
Debt instrument, maturity date | Dec. 3, 2015 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.035% | [6] |
Debt instrument, maturity date | Nov. 19, 2015 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.080% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.08% | |
Debt instrument, maturity date | Jan. 7, 2016 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [6] |
Debt instrument, maturity date | Dec. 17, 2015 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | [6] |
Debt instrument, maturity date | Dec. 10, 2015 | [6] |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.027% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.027% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.033% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.033% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares UltraShort Yen [Member] | U.S. Treasury Bills 0.148% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.148% | [6] |
Debt instrument, maturity date | Jan. 14, 2016 | [6] |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 103.00% | |
Total short-term U.S. government and agency obligations, cost | $ 809,489,270 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.005% Due 02/11/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.005% | |
Debt instrument, maturity date | Feb. 11, 2016 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.036% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.036% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.029% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.029% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.025% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.025% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.071% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.071% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.022% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.022% | [3] |
Debt instrument, maturity date | Nov. 27, 2015 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.026% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.026% | [3] |
Debt instrument, maturity date | Dec. 3, 2015 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.026% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.026% | [3] |
Debt instrument, maturity date | Dec. 10, 2015 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.094% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.094% | [3] |
Debt instrument, maturity date | Jan. 7, 2016 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.137% Due 01/14/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.137% | [3] |
Debt instrument, maturity date | Jan. 14, 2016 | [3] |
ProShares Ultra Bloomberg Crude Oil [Member] | U.S. Treasury Bills 0.001% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.001% | [3] |
Debt instrument, maturity date | Feb. 4, 2016 | [3] |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 97.00% | |
Total short-term U.S. government and agency obligations, cost | $ 50,785,407 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.005% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.005% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.165% | [5] |
Debt instrument, maturity date | Jan. 28, 2016 | [5] |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.012% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.031% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.031% | |
Debt instrument, maturity date | Nov. 19, 2015 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.021% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.021% | |
Debt instrument, maturity date | Nov. 27, 2015 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.080% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.08% | |
Debt instrument, maturity date | Jan. 7, 2016 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.002% Due 02/04/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.002% | [5] |
Debt instrument, maturity date | Feb. 4, 2016 | [5] |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [5] |
Debt instrument, maturity date | Dec. 17, 2015 | [5] |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | |
Debt instrument, maturity date | Dec. 10, 2015 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.007% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.007% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares Ultra Bloomberg Natural Gas [Member] | U.S. Treasury Bills 0.033% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.033% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
ProShares Ultra Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 98.00% | |
Total short-term U.S. government and agency obligations, cost | $ 79,786,929 | |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.020% Due 12/17/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [4] |
Debt instrument, maturity date | Dec. 17, 2015 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.135% | [4] |
Debt instrument, maturity date | Jan. 7, 2016 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.020% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [4] |
Debt instrument, maturity date | Nov. 27, 2015 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.030% Due 12/10/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.03% | [4] |
Debt instrument, maturity date | Dec. 10, 2015 | [4] |
ProShares Ultra Gold [Member] | U.S. Treasury Bills 0.016% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.016% | [4] |
Debt instrument, maturity date | Dec. 3, 2015 | [4] |
ProShares Ultra Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 100.00% | |
Total short-term U.S. government and agency obligations, cost | $ 245,431,653 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.035% Due 11/19/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.035% | [4] |
Debt instrument, maturity date | Nov. 19, 2015 | [4] |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.135% Due 01/07/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.135% | [4] |
Debt instrument, maturity date | Jan. 7, 2016 | [4] |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.020% Due 11/27/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.02% | [4] |
Debt instrument, maturity date | Nov. 27, 2015 | [4] |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.015% Due 10/01/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.015% | |
Debt instrument, maturity date | Oct. 1, 2015 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.019% Due 10/08/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.019% | |
Debt instrument, maturity date | Oct. 8, 2015 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.018% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.018% | |
Debt instrument, maturity date | Nov. 5, 2015 | |
ProShares Ultra Silver [Member] | U.S. Treasury Bills 0.087% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.087% | [4] |
Debt instrument, maturity date | Dec. 3, 2015 | [4] |
ProShares Ultra Euro [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 99.00% | |
Total short-term U.S. government and agency obligations, cost | $ 10,695,915 | |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 0.012% Due 11/05/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.012% | [6] |
Debt instrument, maturity date | Nov. 5, 2015 | [6] |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 0.019% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.019% | [6] |
Debt instrument, maturity date | Dec. 3, 2015 | [6] |
ProShares Ultra Euro [Member] | U.S. Treasury Bills 0.000% Due 01/21/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.00% | |
Debt instrument, maturity date | Jan. 21, 2016 | |
ProShares Ultra Yen [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 91.00% | |
Total short-term U.S. government and agency obligations, cost | $ 5,013,890 | |
ProShares Ultra Yen [Member] | U.S. Treasury Bills 0.165% Due 01/28/16 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.165% | [6] |
Debt instrument, maturity date | Jan. 28, 2016 | [6] |
ProShares Ultra Yen [Member] | U.S. Treasury Bills 0.015% Due 12/03/15 [Member] | ||
Schedule of Investments [Line Items] | ||
Short-term U.S. government and agency obligations percentage of shareholders' equity | 0.015% | |
Debt instrument, maturity date | Dec. 3, 2015 | |
[1] | All or partial amount pledged as collateral for future contracts. | |
[2] | All or partial amount pledged as collateral for swap agreements. | |
[3] | All or partial amount pledged as collateral for swap agreements and/or futures contracts. | |
[4] | All or partial amount pledged as collateral for forward agreements and/or futures contracts. | |
[5] | All or partial amount pledged as collateral for futures contracts. | |
[6] | All or partial amount segregated as collateral for foreign currency forward contracts. |
Schedule of Investments - Swap
Schedule of Investments - Swap Agreements (Detail) | 9 Months Ended | |
Sep. 30, 2015USD ($) | [1] | |
ProShares UltraShort Bloomberg Commodity [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 210,073 | |
ProShares UltraShort Bloomberg Commodity [Member] | Swap Agreement with Deutsche Bank AG Based on Bloomberg Commodity Index [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (5,121,176) | [3] |
Unrealized Appreciation (Depreciation) | $ 80,000 | |
ProShares UltraShort Bloomberg Commodity [Member] | Swap Agreement with Goldman Sachs International Based on Bloomberg Commodity Index [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (5,231,008) | [3] |
Unrealized Appreciation (Depreciation) | $ 94,573 | |
ProShares UltraShort Bloomberg Commodity [Member] | Swap Agreement with UBS AG Based on Bloomberg Commodity Index [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.60% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (3,530,230) | [3] |
Unrealized Appreciation (Depreciation) | 35,500 | |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 1,293,454 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with Deutsche Bank AG Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (43,305,552) | |
Unrealized Appreciation (Depreciation) | $ 587,462 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with Goldman Sachs International Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (38,460,578) | |
Unrealized Appreciation (Depreciation) | $ 127,029 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with Societe Generale S.A. Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (17,760,098) | |
Unrealized Appreciation (Depreciation) | $ 588,065 | [3] |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreement with UBS AG Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ (55,882,943) | |
Unrealized Appreciation (Depreciation) | (9,102) | [3] |
ProShares Ultra Bloomberg Commodity [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (60,301) | |
ProShares Ultra Bloomberg Commodity [Member] | Swap Agreement with Deutsche Bank AG Based on Bloomberg Commodity Index [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 5,278,242 | [3] |
Unrealized Appreciation (Depreciation) | $ (24,403) | |
ProShares Ultra Bloomberg Commodity [Member] | Swap Agreement with Goldman Sachs International Based on Bloomberg Commodity Index [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 1,530,959 | [3] |
Unrealized Appreciation (Depreciation) | $ (26,072) | |
ProShares Ultra Bloomberg Commodity [Member] | Swap Agreement with UBS AG Based on Bloomberg Commodity Index [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.60% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 358,496 | [3] |
Unrealized Appreciation (Depreciation) | (9,826) | |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (45,315,045) | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with Deutsche Bank AG Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 299,072,212 | [3] |
Unrealized Appreciation (Depreciation) | $ (13,364,460) | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with Goldman Sachs International Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 329,950,075 | [3] |
Unrealized Appreciation (Depreciation) | $ (13,515,250) | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with Societe Generale S.A. Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 118,711,010 | [3] |
Unrealized Appreciation (Depreciation) | $ (3,967,675) | |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreement with UBS AG Based on Bloomberg WTI Crude Oil Subindex [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.25% | [2] |
Termination Date | Oct. 6, 2015 | |
Notional Amount at Value | $ 307,603,721 | [3] |
Unrealized Appreciation (Depreciation) | $ (14,467,660) | |
[1] | The positions and counterparties herein are as of September 30, 2015. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at anytime. | |
[2] | Reflects the floating financing rate, as of September 30, 2015, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. | |
[3] | For swap agreements, a positive amount represents "long" exposure to the benchmark index. A negative amount represents "short" exposure to the benchmark index. |
Schedule of Investments - Forwa
Schedule of Investments - Forward Agreements (Detail) | 9 Months Ended | |
Sep. 30, 2015USD ($) | [1] | |
ProShares UltraShort Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 368,112 | |
ProShares UltraShort Gold [Member] | Forward Agreements with Deutsche Bank AG Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.20% | [2] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (56,300) | |
Notional Amount at Value | (62,719,326) | [3] |
Unrealized Appreciation (Depreciation) | $ 47,487 | |
ProShares UltraShort Gold [Member] | Forward Agreements with Goldman Sachs International Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.40% | [2] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (32,998) | |
Notional Amount at Value | (36,759,772) | [3] |
Unrealized Appreciation (Depreciation) | $ 148,845 | |
ProShares UltraShort Gold [Member] | Forward Agreements with Societe Generale S.A. Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.54% | [2] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (14,000) | |
Notional Amount at Value | (15,595,860) | [3] |
Unrealized Appreciation (Depreciation) | $ 93,204 | |
ProShares UltraShort Gold [Member] | Forward Agreements with UBS AG Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.44% | [2] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (30,350) | |
Notional Amount at Value | (33,809,597) | [3] |
Unrealized Appreciation (Depreciation) | 78,576 | |
ProShares UltraShort Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (523,519) | |
ProShares UltraShort Silver [Member] | Forward Agreements with Deutsche Bank AG Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | (0.28%) | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (3,020,000) | |
Notional Amount at Value | (44,247,228) | [3] |
Unrealized Appreciation (Depreciation) | $ (81,990) | |
ProShares UltraShort Silver [Member] | Forward Agreements with Goldman Sachs International Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.00% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (1,865,500) | |
Notional Amount at Value | (27,331,441) | [3] |
Unrealized Appreciation (Depreciation) | $ (356,851) | |
ProShares UltraShort Silver [Member] | Forward Agreements with Societe Generale S.A. Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.07% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (656,000) | |
Notional Amount at Value | (9,611,056) | [3] |
Unrealized Appreciation (Depreciation) | $ (16,671) | |
ProShares UltraShort Silver [Member] | Forward Agreements with UBS AG Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.02% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ (1,962,000) | |
Notional Amount at Value | (28,745,262) | [3] |
Unrealized Appreciation (Depreciation) | (68,007) | |
ProShares Ultra Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (1,289,231) | |
ProShares Ultra Gold [Member] | Forward Agreements with Deutsche Bank AG Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.40% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 73,000 | |
Notional Amount at Value | 81,323,460 | [3] |
Unrealized Appreciation (Depreciation) | $ (619,312) | |
ProShares Ultra Gold [Member] | Forward Agreements with Goldman Sachs International Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.45% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 26,620 | |
Notional Amount at Value | 29,654,680 | [3] |
Unrealized Appreciation (Depreciation) | $ (222,153) | |
ProShares Ultra Gold [Member] | Forward Agreements with Societe Generale S.A. Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.46% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 15,400 | |
Notional Amount at Value | 17,155,446 | [3] |
Unrealized Appreciation (Depreciation) | $ (113,075) | |
ProShares Ultra Gold [Member] | Forward Agreements with UBS AG Based on 0.995 Fine Troy Ounce Gold [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.36% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 30,600 | |
Notional Amount at Value | 34,088,094 | [3] |
Unrealized Appreciation (Depreciation) | (334,691) | |
ProShares Ultra Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (125,406) | |
ProShares Ultra Silver [Member] | Forward Agreements with Deutsche Bank AG Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.88% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 12,627,000 | |
Notional Amount at Value | 185,003,228 | [3] |
Unrealized Appreciation (Depreciation) | $ 325,395 | |
ProShares Ultra Silver [Member] | Forward Agreements with Goldman Sachs International Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.85% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 7,982,800 | |
Notional Amount at Value | 116,956,003 | [3] |
Unrealized Appreciation (Depreciation) | $ (372,086) | |
ProShares Ultra Silver [Member] | Forward Agreements with Societe Generale S.A. Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.93% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 3,984,000 | |
Notional Amount at Value | 58,369,584 | [3] |
Unrealized Appreciation (Depreciation) | $ 41,931 | |
ProShares Ultra Silver [Member] | Forward Agreements with UBS AG Based on 0.999 Fine Troy Ounce Silver [Member] | ||
Schedule of Investments [Line Items] | ||
Rate Paid (Received) | 0.88% | [4] |
Settlement Date | Oct. 6, 2015 | |
Commitment to (Deliver)/Receive | $ 8,862,000 | |
Notional Amount at Value | 129,837,162 | [3] |
Unrealized Appreciation (Depreciation) | $ (120,646) | |
[1] | The positions and counterparties herein are as of September 30, 2015. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at anytime. | |
[2] | Reflects the floating financing rate, as of September 30, 2015, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. | |
[3] | For forward agreements, a positive amount represents "long" exposure to the underlying commodity. A negative amount represents "short" exposure to the underlying commodity. | |
[4] | Reflects the floating financing rate, as of September 30, 2015, on the notional amount of the forward agreement paid to the counterparty or received from the counterparty, excluding any commissions. |
Schedule of Investments - Forei
Schedule of Investments - Foreign Currency Forward Contracts (Detail) | 9 Months Ended | |
Sep. 30, 2015USD ($) | [1] | |
ProShares UltraShort Euro [Member] | Contracts to Purchase [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (1,876,489) | |
ProShares UltraShort Euro [Member] | Contracts to Purchase [Member] | Euro with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 52,575,200 | |
Notional Amount at Value | 58,758,406 | |
Unrealized Appreciation (Depreciation) | $ (612,367) | |
ProShares UltraShort Euro [Member] | Contracts to Purchase [Member] | Euro with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 84,264,100 | |
Notional Amount at Value | 94,174,139 | |
Unrealized Appreciation (Depreciation) | (1,264,122) | |
ProShares UltraShort Euro [Member] | Contracts to Sell [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 7,180,056 | |
ProShares UltraShort Euro [Member] | Contracts to Sell [Member] | Euro with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (527,357,625) | |
Notional Amount at Value | (589,378,515) | |
Unrealized Appreciation (Depreciation) | $ 3,476,996 | |
ProShares UltraShort Euro [Member] | Contracts to Sell [Member] | Euro with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (589,820,600) | |
Notional Amount at Value | (659,187,567) | |
Unrealized Appreciation (Depreciation) | 3,703,060 | |
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (51,108) | |
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 5,754,030,200 | |
Notional Amount at Value | 47,975,159 | |
Unrealized Appreciation (Depreciation) | $ 78,122 | |
ProShares UltraShort Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 5,101,523,700 | |
Notional Amount at Value | 42,534,780 | |
Unrealized Appreciation (Depreciation) | (129,230) | |
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (839,621) | |
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (42,132,482,600) | |
Notional Amount at Value | (351,286,398) | |
Unrealized Appreciation (Depreciation) | $ (495,605) | |
ProShares UltraShort Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (41,389,892,100) | |
Notional Amount at Value | (345,094,929) | |
Unrealized Appreciation (Depreciation) | (344,016) | |
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (146,251) | |
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 11,569,925 | |
Notional Amount at Value | 12,930,628 | |
Unrealized Appreciation (Depreciation) | $ (79,122) | |
ProShares Ultra Euro [Member] | Contracts to Purchase [Member] | Euro with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 8,722,700 | |
Notional Amount at Value | 9,748,550 | |
Unrealized Appreciation (Depreciation) | (67,129) | |
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 3,916 | |
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (412,400) | |
Notional Amount at Value | (460,901) | |
Unrealized Appreciation (Depreciation) | $ 2,184 | |
ProShares Ultra Euro [Member] | Contracts to Sell [Member] | Euro with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (640,900) | |
Notional Amount at Value | (716,274) | |
Unrealized Appreciation (Depreciation) | 1,732 | |
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ 11,593 | |
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 870,160,900 | |
Notional Amount at Value | 7,255,107 | |
Unrealized Appreciation (Depreciation) | $ 8,713 | |
ProShares Ultra Yen [Member] | Contracts to Purchase [Member] | Yen with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ 486,769,100 | |
Notional Amount at Value | 4,058,516 | |
Unrealized Appreciation (Depreciation) | 2,880 | |
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | ||
Schedule of Investments [Line Items] | ||
Unrealized Appreciation (Depreciation) | $ (441) | |
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with Goldman Sachs International [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (18,075,700) | |
Notional Amount at Value | (150,709) | |
Unrealized Appreciation (Depreciation) | $ (492) | |
ProShares Ultra Yen [Member] | Contracts to Sell [Member] | Yen with UBS AG [Member] | ||
Schedule of Investments [Line Items] | ||
Settlement Date | Oct. 9, 2015 | |
Local Currency | $ (8,963,800) | |
Notional Amount at Value | (74,737) | |
Unrealized Appreciation (Depreciation) | $ 51 | |
[1] | The positions and counterparties herein are as of September 30, 2015. The Funds continually evaluate different counterparties for their transactions and counterparties are subject to change. New counterparties can be added at anytime. |
Organization - Additional Infor
Organization - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2015USD ($)Trustshares | |
Organization [Line Items] | |
Number of series of Trust | Trust | 21 |
Number of shares of each Leveraged Fund | shares | 14 |
Aggregate purchase price of each Leveraged Fund | $ 350 |
Period for expected multiple returns | 1 day |
ProShares UltraShort Bloomberg Commodity [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | $ 350 |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Gold [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Silver [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Euro [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares UltraShort Yen [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Bloomberg Commodity [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Gold [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Silver [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Euro [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | 350 |
ProShares Ultra Yen [Member] | |
Organization [Line Items] | |
Aggregate purchase price of each Leveraged Fund | $ 350 |
Organization - Schedule of Shar
Organization - Schedule of Share Splits and Reverse Share Splits (Detail) | 9 Months Ended |
Sep. 30, 2015 | |
ProShares VIX Mid-Term Futures ETF [Member] | November 6, 2014 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | November 6, 2014 |
Date Trading Resumed at Post- Split Price | November 6, 2014 |
Type of Split | 1-for-4 reverse Share split |
ProShares Short VIX Short-Term Futures ETF [Member] | January 21, 2014 Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | January 21, 2014 |
Date Trading Resumed at Post- Split Price | January 24, 2014 |
Funds Split | 2-for-1 Share split |
ProShares Ultra VIX Short-Term Futures ETF [Member] | January 21, 2014 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | January 21, 2014 |
Date Trading Resumed at Post- Split Price | January 24, 2014 |
Type of Split | 1-for-4 reverse Share split |
ProShares Ultra VIX Short-Term Futures ETF [Member] | May 20, 2015 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | May 20, 2015 |
Date Trading Resumed at Post- Split Price | May 20, 2015 |
Type of Split | 1-for-5 reverse Share split |
ProShares Ultra Bloomberg Commodity [Member] | May 20, 2015 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | May 20, 2015 |
Date Trading Resumed at Post- Split Price | May 20, 2015 |
Type of Split | 1-for-4 reverse Share split |
ProShares Ultra Bloomberg Crude Oil [Member] | May 20, 2015 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | May 20, 2015 |
Date Trading Resumed at Post- Split Price | May 20, 2015 |
Type of Split | 1-for-5 reverse Share split |
ProShares Ultra Bloomberg Natural Gas [Member] | May 20, 2015 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | May 20, 2015 |
Date Trading Resumed at Post- Split Price | May 20, 2015 |
Type of Split | 1-for-4 reverse Share split |
ProShares Ultra Silver [Member] | January 21, 2014 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | January 21, 2014 |
Date Trading Resumed at Post- Split Price | January 24, 2014 |
Type of Split | 1-for-4 reverse Share split |
ProShares Ultra Yen [Member] | May 20, 2015 Reverse Share Split [Member] | |
Organization [Line Items] | |
Execution Date (Prior to Opening of Trading) | May 20, 2015 |
Date Trading Resumed at Post- Split Price | May 20, 2015 |
Type of Split | 1-for-4 reverse Share split |
Significant Accounting Polici35
Significant Accounting Policies - Cut-off Times and Times of Calculation of Funds' Final Net Asset Value for Creation and Redemption of Fund Shares (Detail) | 9 Months Ended |
Sep. 30, 2015 | |
ProShares UltraShort Silver [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 6:30 a.m. |
NAV Calculation Time | 7:00 a.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Silver [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 6:30 a.m. |
NAV Calculation Time | 7:00 a.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Gold [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 9:30 a.m. |
NAV Calculation Time | 10:00 a.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Gold [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 9:30 a.m. |
NAV Calculation Time | 10:00 a.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Bloomberg Crude Oil [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Bloomberg Crude Oil [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Bloomberg Natural Gas [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Bloomberg Natural Gas [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Bloomberg Commodity [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 10:45 a.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Bloomberg Commodity [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 10:45 a.m. |
NAV Calculation Time | 2:30 p.m. |
NAV Calculation Date | September 30 |
ProShares Managed Futures Strategy [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 10:45 a.m. |
NAV Calculation Time | 3:00 p.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Australian Dollar [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | September 30 |
ProShares Short Euro [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Euro [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Euro [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | September 30 |
ProShares UltraShort Yen [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | September 30 |
ProShares Ultra Yen [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 3:00 p.m. |
NAV Calculation Time | 4:00 p.m. |
NAV Calculation Date | September 30 |
ProShares VIX Short-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | September 30 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | September 30 |
ProShares Short VIX Short-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | September 30 |
ProShares VIX Mid-Term Futures ETF [Member] | |
Net Asset Value [Line Items] | |
Create/Redeem Cut-off | 2:00 p.m. |
NAV Calculation Time | 4:15 p.m. |
NAV Calculation Date | September 30 |
Significant Accounting Polici36
Significant Accounting Policies - Valuation of Investments using Fair Value Hierarchy (Detail) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
ProShares Managed Futures Strategy [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | $ 103,182 | $ 104,327 |
ProShares VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 89,688,291 | 88,352,919 |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 28,746,243 | 24,366,571 |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 544,274,298 | 430,623,071 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 217,102,900 | 222,224,441 |
ProShares UltraShort Bloomberg Commodity [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 6,273,038 | 4,800,807 |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 128,549,414 | 174,419,288 |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 11,583,634 | 12,614,175 |
ProShares UltraShort Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 74,538,728 | 81,752,809 |
ProShares UltraShort Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 54,901,428 | 52,823,205 |
ProShares Short Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 22,593,553 | 12,471,908 |
ProShares UltraShort Australian Dollar [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 18,947,265 | 21,011,160 |
ProShares UltraShort Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 547,906,469 | 503,874,111 |
ProShares UltraShort Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 307,581,817 | 531,378,971 |
ProShares Ultra Bloomberg Commodity [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (60,301) | 2,423,562 |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 760,282,627 | 344,544,852 |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 36,899,461 | 18,520,944 |
ProShares Ultra Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 78,495,590 | 103,983,591 |
ProShares Ultra Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 245,326,998 | 293,077,531 |
ProShares Ultra Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 10,553,202 | 2,312,327 |
ProShares Ultra Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 5,026,890 | 1,272,624 |
Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,189,314,727 | 2,926,953,194 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 88,533,608 | 82,088,299 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 25,286,238 | 24,105,906 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 606,156,790 | 446,975,220 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 192,258,925 | 182,639,188 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Bloomberg Commodity [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 6,062,965 | 4,233,548 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 131,365,647 | 131,594,608 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 9,169,710 | 8,672,710 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 74,161,976 | 84,040,107 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 55,416,227 | 52,226,692 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Short Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 22,432,678 | 12,086,577 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Australian Dollar [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 18,897,975 | 20,267,679 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 542,602,902 | 487,111,117 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares UltraShort Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 308,472,546 | 532,957,746 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Bloomberg Commodity [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 2,754,900 | |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 809,558,932 | 467,200,736 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 50,788,895 | 53,410,227 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 79,793,461 | 101,927,857 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 245,461,699 | 305,474,211 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 10,695,537 | 2,415,698 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | ProShares Ultra Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 5,015,738 | 1,287,869 |
Level I - Quoted Prices [Member] | Short-Term U.S. Government and Agencies [Member] | Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,282,132,449 | 3,003,470,895 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Managed Futures Strategy [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 103,182 | 104,327 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 1,154,683 | 6,264,620 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 3,460,005 | 260,665 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (61,882,492) | (16,352,149) |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 24,843,975 | 39,585,253 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (4,109,687) | 15,806,603 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 2,413,924 | 3,941,465 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares UltraShort Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 8,640 | (4,520) |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares UltraShort Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 8,720 | 1,560 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Short Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 160,875 | 385,331 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares UltraShort Australian Dollar [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 49,290 | 743,481 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (3,961,260) | (46,474,787) |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (13,889,434) | (34,889,283) |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Ultra Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (8,640) | 4,580 |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | ProShares Ultra Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (9,295) | (1,560) |
Level I - Quoted Prices [Member] | Futures Contracts [Member] | Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (51,657,514) | (30,624,414) |
Level II - Other Significant Observable Inputs [Member] | Forward Agreements [Member] | ProShares UltraShort Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 368,112 | (2,282,778) |
Level II - Other Significant Observable Inputs [Member] | Forward Agreements [Member] | ProShares UltraShort Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (523,519) | 594,953 |
Level II - Other Significant Observable Inputs [Member] | Forward Agreements [Member] | ProShares Ultra Gold [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (1,289,231) | 2,051,154 |
Level II - Other Significant Observable Inputs [Member] | Forward Agreements [Member] | ProShares Ultra Silver [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (125,406) | (12,395,120) |
Level II - Other Significant Observable Inputs [Member] | Forward Agreements [Member] | Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (1,570,044) | (12,031,791) |
Level II - Other Significant Observable Inputs [Member] | Foreign Currency Forward Contracts [Member] | ProShares UltraShort Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 5,303,567 | 16,762,994 |
Level II - Other Significant Observable Inputs [Member] | Foreign Currency Forward Contracts [Member] | ProShares UltraShort Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (890,729) | (1,578,775) |
Level II - Other Significant Observable Inputs [Member] | Foreign Currency Forward Contracts [Member] | ProShares Ultra Euro [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (142,335) | (103,371) |
Level II - Other Significant Observable Inputs [Member] | Foreign Currency Forward Contracts [Member] | ProShares Ultra Yen [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 11,152 | (15,245) |
Level II - Other Significant Observable Inputs [Member] | Foreign Currency Forward Contracts [Member] | Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 4,281,655 | 15,065,603 |
Level II - Other Significant Observable Inputs [Member] | Swap Agreements [Member] | ProShares UltraShort Bloomberg Commodity [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 210,073 | 567,259 |
Level II - Other Significant Observable Inputs [Member] | Swap Agreements [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | 1,293,454 | 27,018,077 |
Level II - Other Significant Observable Inputs [Member] | Swap Agreements [Member] | ProShares Ultra Bloomberg Commodity [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (60,301) | (331,338) |
Level II - Other Significant Observable Inputs [Member] | Swap Agreements [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | (45,315,045) | (76,181,097) |
Level II - Other Significant Observable Inputs [Member] | Swap Agreements [Member] | Total Trust [Member] | ||
Significant Accounting Policies [Line Items] | ||
Investments, fair value disclosure | $ (43,871,819) | $ (48,927,099) |
Significant Accounting Polici37
Significant Accounting Policies - Additional Information (Detail) - USD ($) | Jul. 31, 2014 | Sep. 30, 2015 | Dec. 31, 2014 |
Significant Accounting Policies [Line Items] | |||
Level III portfolio investments | $ 0 | $ 0 | |
Minimum [Member] | Volatility Index Fund [Member] | |||
Significant Accounting Policies [Line Items] | |||
Percentage of brokerage commissions exceed variable create/redeem fees | 0.02% |
Investments - Fair Value of Der
Investments - Fair Value of Derivative Instruments (Detail) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | $ 42,741,986 | [1] | $ 117,369,486 | [2] | |
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 135,559,708 | [1] | 193,887,187 | [2] | |
Managed Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares Managed Futures Strategy [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 33,371 | [1] | 18,504 | [2] | |
Managed Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares Managed Futures Strategy [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 136,553 | [1] | 122,831 | [2] | |
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | [1] | 983,516 | |||
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares VIX Mid-Term Futures ETF [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | [2] | 222,845 | |||
VIX Futures Contracts [Member] | Payable on Open Futures Contracts [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 61,882,492 | [1] | 16,352,149 | [2] | |
VIX Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 2,138,199 | [1] | 6,264,620 | [2] | |
VIX Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares VIX Mid-Term Futures ETF [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 3,460,005 | [1] | 483,510 | [2] | |
VIX Futures Contracts [Member] | Receivables on Open Futures Contracts [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 24,843,975 | [1] | 39,585,253 | [2] | |
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | [1] | 4,118,789 | |||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares UltraShort Gold [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | [2] | 2,287,298 | |||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares UltraShort Silver [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 523,519 | 204,570 | |||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Commodity [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 60,301 | 331,338 | |||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 49,276,305 | [1] | 122,655,884 | [2] | |
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 13,889,434 | [1] | 34,889,283 | [2] | |
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares Ultra Gold [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | [1] | 1,297,871 | |||
Commodity Contracts [Member] | Payable on Open Futures Contracts, Unrealized Depreciation on Swap and/or Forward Agreements [Member] | ProShares Ultra Silver [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 502,027 | [1] | 12,396,680 | [2] | |
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares UltraShort Bloomberg Commodity [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 210,073 | 567,259 | |||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 1,302,556 | 42,824,680 | [2] | ||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 2,413,924 | [1] | 3,941,465 | [2] | |
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares UltraShort Gold [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | [1] | 376,752 | |||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares UltraShort Silver [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 8,720 | [1] | 801,083 | [2] | |
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares Ultra Gold [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | [2] | 2,055,734 | |||
Commodity Contracts [Member] | Receivables on Open Futures Contracts, Unrealized Appreciation on Swap and/ or Forwards Agreements [Member] | ProShares Ultra Silver [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 367,326 | ||||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares UltraShort Euro [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 1,876,489 | 2,256,771 | |||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares UltraShort Yen [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 968,851 | 2,149,924 | |||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares Ultra Euro [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 146,251 | 106,292 | |||
Foreign Exchange Contracts [Member] | Unrealized Depreciation on Foreign Currency Forward Contracts and Payable on Open Futures Contracts [Member] | ProShares Ultra Yen [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative liability not designated as hedging instrument, Unrealized Depreciation | 492 | 15,649 | |||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares Short Euro [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 160,875 | [1] | 385,331 | [2] | |
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares UltraShort Australian Dollar [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 49,290 | [1] | 743,481 | [2] | |
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares UltraShort Euro [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 7,180,056 | 19,019,765 | |||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares UltraShort Yen [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 78,122 | 571,149 | |||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares Ultra Euro [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | 3,916 | 2,921 | |||
Foreign Exchange Contracts [Member] | Unrealized Appreciation on Foreign Currency Forward Contracts and Receivables on Open Futures Contracts [Member] | ProShares Ultra Yen [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Derivative asset not designated as hedging instrument, Unrealized Appreciation | $ 11,644 | $ 404 | |||
[1] | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day's variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures contracts. | ||||
[2] | Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments as presented in the Form 10-K for the year ended December 31, 2014. Only current day's variation margin is reported within the Statements of Financial Condition as presented in the Form 10-K for the year ended December 31, 2014 in receivable/payable on open futures contracts. |
Investments - Effect of Derivat
Investments - Effect of Derivative Instruments on Statements of Operations (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | $ (300,438,667) | $ 93,469,759 | $ (756,361,936) | $ (172,329,252) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (163,199,665) | 27,687,633 | (16,300,021) | 64,779,319 |
Managed Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts / Changes in Unrealized Appreciation/ Depreciation on Futures Contracts [Member] | ProShares Managed Futures Strategy [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (180,345) | (262,050) | ||
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 208,302 | (1,145) | ||
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts / Changes in Unrealized Appreciation/ Depreciation on Futures Contracts [Member] | ProShares VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 63,980,150 | (2,990,117) | 3,412,234 | (28,437,457) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (12,755,774) | 19,045,502 | (5,109,937) | 29,084,702 |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts / Changes in Unrealized Appreciation/ Depreciation on Futures Contracts [Member] | ProShares VIX Mid-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 631,983 | (4,036,079) | (2,291,385) | (16,100,400) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 3,760,350 | 5,996,790 | 3,199,340 | 7,398,429 |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts / Changes in Unrealized Appreciation/ Depreciation on Futures Contracts [Member] | ProShares Short VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (74,068,147) | 18,146,923 | 35,780,248 | 94,414,974 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (45,302,831) | (33,969,073) | (45,530,343) | (33,165,401) |
VIX Futures Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts / Changes in Unrealized Appreciation/ Depreciation on Futures Contracts [Member] | ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 245,646,935 | (4,719,200) | (291,236,149) | (255,442,487) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (63,658,535) | 89,185,433 | (14,741,278) | 72,661,998 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Commodity [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 1,287,180 | 502,112 | 2,068,198 | (3,522) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 447,645 | 401,110 | (357,186) | 379,056 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Crude Oil [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 86,619,507 | 42,549,744 | 47,564,151 | (1,295,265) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (598,141) | 29,109,258 | (45,640,913) | 11,401,138 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Bloomberg Natural Gas [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 1,310,886 | 13,918,036 | 6,412,527 | 2,732,493 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 2,386,865 | (4,337,530) | (1,527,541) | (2,911,986) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Gold [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 5,628,910 | (4,376,264) | 7,021,911 | (12,650,556) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 363,354 | 16,210,828 | 2,664,050 | (25,093) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares UltraShort Silver [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 9,309,358 | (1,123,414) | 7,378,507 | (1,282,703) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (3,072,101) | 22,946,708 | (1,111,312) | 14,580,242 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Commodity [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (520,396) | (651,785) | (1,033,383) | (274,839) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (156,458) | (339,598) | 271,037 | (345,632) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Crude Oil [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (529,899,587) | (16,410,261) | (497,278,535) | 14,597,508 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (58,698,985) | (12,476,761) | 73,379,579 | (9,827,181) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Bloomberg Natural Gas [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (8,595,657) | (7,087,097) | (58,404,100) | 9,878,729 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (13,040,143) | 5,766,729 | 20,999,849 | 8,012,503 |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Gold [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (8,320,909) | 1,375,191 | (12,228,841) | 3,319,675 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (872,547) | (21,377,754) | (3,353,605) | (1,317,485) |
Commodity Contracts [Member] | Net Realized Gain (Loss) on Futures Contracts, Swap and/or Forward Agreements/Changes in Unrealized Appreciation/ Depreciation on Futures Contracts, Swap and/or Forward Agreements [Member] | ProShares Ultra Silver [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (56,510,845) | 9,486,957 | (72,520,807) | (22,797,421) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 13,728,736 | (178,532,813) | 12,261,979 | (89,115,067) |
Foreign Exchange Contracts [Member] | Net Realized Gain (Loss) on Futures and/or Foreign Currency Forward Contracts/Changes in Unrealized Appreciation/ Depreciation on Futures and/or Foreign Currency Forward Contracts [Member] | ProShares Short Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 45,301 | 767,314 | 1,196,063 | 925,848 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (77,413) | 541,828 | (224,456) | 463,900 |
Foreign Exchange Contracts [Member] | Net Realized Gain (Loss) on Futures and/or Foreign Currency Forward Contracts/Changes in Unrealized Appreciation/ Depreciation on Futures and/or Foreign Currency Forward Contracts [Member] | ProShares UltraShort Australian Dollar [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 3,397,069 | 549,795 | 5,930,837 | (1,375,743) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 146,750 | 2,249,440 | (694,191) | 968,995 |
Foreign Exchange Contracts [Member] | Net Realized Gain (Loss) on Futures and/or Foreign Currency Forward Contracts/Changes in Unrealized Appreciation/ Depreciation on Futures and/or Foreign Currency Forward Contracts [Member] | ProShares UltraShort Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (8,177,791) | 32,039,809 | 69,763,997 | 25,744,724 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 827,483 | 42,910,400 | (11,459,427) | 51,071,566 |
Foreign Exchange Contracts [Member] | Net Realized Gain (Loss) on Futures and/or Foreign Currency Forward Contracts/Changes in Unrealized Appreciation/ Depreciation on Futures and/or Foreign Currency Forward Contracts [Member] | ProShares UltraShort Yen [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | (32,435,377) | 15,787,084 | (6,900,989) | 15,952,890 |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | 13,321,397 | 44,778,863 | 688,046 | 5,744,569 |
Foreign Exchange Contracts [Member] | Net Realized Gain (Loss) on Futures and/or Foreign Currency Forward Contracts/Changes in Unrealized Appreciation/ Depreciation on Futures and/or Foreign Currency Forward Contracts [Member] | ProShares Ultra Euro [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 68,814 | (172,537) | (559,487) | (127,652) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | (8,853) | (212,588) | (38,964) | (282,823) |
Foreign Exchange Contracts [Member] | Net Realized Gain (Loss) on Futures and/or Foreign Currency Forward Contracts/Changes in Unrealized Appreciation/ Depreciation on Futures and/or Foreign Currency Forward Contracts [Member] | ProShares Ultra Yen [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized Gain (Loss) on Derivatives Recognized in Income | 344,294 | (86,452) | (174,883) | (108,048) |
Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | $ (148,766) | $ (209,139) | $ 26,397 | $ 2,889 |
Investments - Offsetting of Fin
Investments - Offsetting of Financial Assets and Liabilities (Detail) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
ProShares UltraShort Bloomberg Commodity [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | $ 210,073 | $ 567,259 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 210,073 | 567,259 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
ProShares UltraShort Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 1,302,556 | 27,018,077 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 1,302,556 | 27,018,077 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 9,102 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 9,102 | |
ProShares UltraShort Gold [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 368,112 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 368,112 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 2,282,778 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 2,282,778 | |
ProShares UltraShort Silver [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 799,523 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 799,523 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 523,519 | 204,570 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 523,519 | 204,570 |
ProShares UltraShort Euro [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 7,180,056 | 19,019,765 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 7,180,056 | 19,019,765 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 1,876,489 | 2,256,771 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 1,876,489 | 2,256,771 |
ProShares UltraShort Yen [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 78,122 | 571,149 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 78,122 | 571,149 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 968,851 | 2,149,924 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 968,851 | 2,149,924 |
ProShares Ultra Bloomberg Commodity [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 60,301 | 331,338 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 60,301 | 331,338 |
ProShares Ultra Bloomberg Crude Oil [Member] | Swap Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 45,315,045 | 76,181,097 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 45,315,045 | 76,181,097 |
ProShares Ultra Gold [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,051,154 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 2,051,154 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 1,289,231 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 1,289,231 | |
ProShares Ultra Silver [Member] | Forward Agreements [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 367,326 | |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 367,326 | |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 492,732 | 12,395,120 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 492,732 | 12,395,120 |
ProShares Ultra Euro [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 3,916 | 2,921 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 3,916 | 2,921 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 146,251 | 106,292 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | 146,251 | 106,292 |
ProShares Ultra Yen [Member] | Foreign Currency Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Gross Amounts of Recognized Assets presented in the Statements of Financial Condition | 11,644 | 404 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Assets presented in the Statements of Financial Condition | 11,644 | 404 |
Gross Amounts of Recognized Liabilities presented in the Statements of Financial Condition | 492 | 15,649 |
Gross Amounts Offset in the Statements of Financial Condition | 0 | 0 |
Net Amounts of Liabilities presented in the Statements of Financial Condition | $ 492 | $ 15,649 |
Investments - Gross Amounts Not
Investments - Gross Amounts Not Offset in Statements of Financial Condition (Detail) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
ProShares UltraShort Gold [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | $ 47,487 | |
Net Amount | 47,487 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | $ (1,422,997) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 1,422,997 | |
Net Amount | 0 | |
ProShares UltraShort Gold [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 148,845 | |
Net Amount | 148,845 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (354,660) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 354,660 | |
Net Amount | 0 | |
ProShares UltraShort Gold [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 93,204 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (93,204) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (182,225) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 182,225 | |
Net Amount | 0 | |
ProShares UltraShort Gold [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 78,576 | |
Net Amount | 78,576 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (322,896) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 322,896 | |
Net Amount | 0 | |
ProShares UltraShort Silver [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 462,619 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (462,619) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (81,990) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 81,990 | |
Net Amount | 0 | |
ProShares UltraShort Silver [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 138,563 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (138,563) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (356,851) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 356,851 | |
Net Amount | 0 | |
ProShares UltraShort Silver [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 198,341 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (198,341) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (16,671) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 16,671 | |
Net Amount | 0 | |
ProShares UltraShort Silver [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (68,007) | (204,570) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 68,007 | 204,570 |
Net Amount | 0 | 0 |
ProShares UltraShort Yen [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (417,483) | (1,466,239) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 417,483 | 1,466,239 |
Net Amount | 0 | 0 |
ProShares UltraShort Yen [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (473,246) | (112,536) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 473,246 | 112,536 |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Commodity [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (24,403) | (143,751) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 143,751 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 24,403 | |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Commodity [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (26,072) | (138,532) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 138,532 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 26,072 | |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Commodity [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (9,826) | (49,055) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 49,055 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | 9,826 | |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Crude Oil [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (13,364,460) | (24,223,667) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 13,364,460 | 24,223,667 |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Crude Oil [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (13,515,250) | (24,285,701) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 13,515,250 | 24,285,701 |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Crude Oil [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (3,967,675) | (5,528,160) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 3,967,675 | 5,528,160 |
Net Amount | 0 | 0 |
ProShares Ultra Bloomberg Crude Oil [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (14,467,660) | (22,143,569) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 14,467,660 | 22,143,569 |
Net Amount | 0 | 0 |
ProShares Ultra Silver [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 325,395 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (325,395) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (6,220,069) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 6,220,069 | |
Net Amount | 0 | |
ProShares Ultra Silver [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (372,086) | (2,124,796) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 372,086 | 2,124,796 |
Net Amount | 0 | 0 |
ProShares Ultra Silver [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 41,931 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (41,931) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (1,384,207) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 1,384,207 | |
Net Amount | 0 | |
ProShares Ultra Silver [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (120,646) | (2,666,048) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 120,646 | 2,666,048 |
Net Amount | 0 | 0 |
ProShares Ultra Euro [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (76,938) | (38,856) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 76,938 | 38,856 |
Net Amount | 0 | 0 |
ProShares Ultra Euro [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (65,397) | (64,515) |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 65,397 | 64,515 |
Net Amount | 0 | 0 |
ProShares Ultra Yen [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 8,221 | |
Net Amount | 8,221 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (12,255) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 12,255 | |
Net Amount | 0 | |
ProShares Ultra Yen [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,931 | |
Net Amount | 2,931 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (2,990) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 2,990 | |
Net Amount | 0 | |
ProShares UltraShort Bloomberg Commodity [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 80,000 | 243,474 |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (50,000) | |
Net Amount | 30,000 | 243,474 |
ProShares UltraShort Bloomberg Commodity [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 94,573 | 240,271 |
Net Amount | 94,573 | 240,271 |
ProShares UltraShort Bloomberg Commodity [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 35,500 | 83,514 |
Net Amount | 35,500 | 83,514 |
ProShares UltraShort Bloomberg Crude Oil [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 587,462 | 7,669,493 |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (450,000) | (6,800,000) |
Net Amount | 137,462 | 869,493 |
ProShares UltraShort Bloomberg Crude Oil [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 127,029 | 8,362,336 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (1,174) | (7,598,657) |
Net Amount | 125,855 | 763,679 |
ProShares UltraShort Bloomberg Crude Oil [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 588,065 | 2,132,657 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (588,065) | (2,132,657) |
ProShares UltraShort Bloomberg Crude Oil [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 8,853,591 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (8,281,350) | |
Net Amount | 572,241 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (9,102) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 9,102 | |
Net Amount | 0 | |
ProShares UltraShort Euro [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,864,629 | 8,193,303 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (6,008,925) | |
Net Amount | 2,864,629 | 2,184,378 |
ProShares UltraShort Euro [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 2,438,938 | 8,569,691 |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (6,592,366) | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (11,518) | |
Net Amount | 2,438,938 | 1,965,807 |
ProShares Ultra Gold [Member] | Deutsche Bank AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 1,231,694 | |
Cash Collateral for the Benefit of (the Funds) / the Counterparties | (1,231,694) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (619,312) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 619,312 | |
Net Amount | 0 | |
ProShares Ultra Gold [Member] | Goldman Sachs International [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 222,126 | |
Net Amount | 222,126 | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (222,153) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 222,153 | |
Net Amount | 0 | |
ProShares Ultra Gold [Member] | Societe Generale S.A. [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 190,591 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | (190,591) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (113,075) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 113,075 | |
Net Amount | 0 | |
ProShares Ultra Gold [Member] | UBS AG [Member] | ||
Derivative [Line Items] | ||
Amounts of Recognized Assets presented in the Statements of Financial Condition | 406,743 | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | $ (406,743) | |
Amounts of Recognized Liabilities presented in the Statements of Financial Condition | (334,691) | |
Financial Instruments for the Benefit of (the Funds) / the Counterparties | 334,691 | |
Net Amount | $ 0 |
Agreements - Additional Informa
Agreements - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2015USD ($) | |
Health Care Trust Fund [Line Items] | |
Ceiling for legal fees | $ 100,000 |
Percentage of annual NAV as limit to pay SEC registration fees incurred | 0.021% |
Ceiling for per annum K-1 preparation and mailing fees against annual net assets of Fund | 0.10% |
Leverage Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Geared VIX Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Short Euro Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.95% |
Volatility Index Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.85% |
Managed Futures Fund [Member] | |
Health Care Trust Fund [Line Items] | |
Management Fee paid to sponsor, percent per annum of the average daily NAV of each Geared Fund | 0.75% |
Offering Costs - Additional Inf
Offering Costs - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2015 | |
Organization And Offering Costs [Line Items] | |
Offering costs, amortization period | 12 months |
Managed Futures Fund [Member] | |
Organization And Offering Costs [Line Items] | |
Sponsor reimbursement of organization and offering costs, maximum for each Leveraged Fund | 0.75% |
Creation and Redemption of Cr44
Creation and Redemption of Creation Units - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2015$ / EquityUnitshares | |
Creation And Redemption Of Creation Units [Line Items] | |
Creation Unit, block Shares of a Fund | 50,000 |
Fixed transaction fee per Creation Unit | $ / EquityUnit | 500 |
Variable transaction fee, percent of the value of the Creation Unit, maximum | 0.10% |
Managed Futures Fund [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Creation Unit, block Shares of a Fund | 50,000 |
Volatility Index Fund [Member] | |
Creation And Redemption Of Creation Units [Line Items] | |
Creation Unit, block Shares of a Fund | 25,000 |
Variable transaction fee, percent of the value of the Creation Unit, maximum | 0.05% |
Creation and Redemption of Cr45
Creation and Redemption of Creation Units - Schedule of Transaction Fees (Detail) - USD ($) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2015 | Sep. 30, 2015 | |
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | $ 886,849 | $ 2,573,468 |
ProShares VIX Short-Term Futures ETF [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 43,747 | 95,573 |
ProShares VIX Mid-Term Futures ETF [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 8,093 | |
ProShares Short VIX Short-Term Futures ETF [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 139,688 | 267,654 |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 472,333 | 1,086,845 |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 69,807 | 338,253 |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 1,894 | 6,733 |
ProShares UltraShort Gold [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 1,162 | 7,441 |
ProShares UltraShort Silver [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 5,261 | 25,147 |
ProShares Ultra Bloomberg Commodity [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 401 | 937 |
ProShares Ultra Bloomberg Crude Oil [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 140,803 | 691,077 |
ProShares Ultra Bloomberg Natural Gas [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 4,351 | 13,105 |
ProShares Ultra Gold [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | 392 | 2,715 |
ProShares Ultra Silver [Member] | ||
Creation And Redemption Of Creation Units [Line Items] | ||
Transaction fees | $ 7,010 | $ 29,895 |
Financial Highlights - Per Shar
Financial Highlights - Per Share Operating Performance (Detail) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
ProShares Managed Futures Strategy [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 20.4976 | $ 21.14 | ||
Net investment income (loss) | (0.0437) | (0.1315) | ||
Net realized and unrealized gain (loss) | 0.1310 | (0.4190) | ||
Change in net asset value from operations | 0.0873 | (0.5505) | ||
Net asset value, ending balance | 20.58 | 20.58 | ||
Market value per share, beginning balance | 20.90 | 21.28 | ||
Market value per share, ending balance | $ 20.81 | $ 20.81 | ||
Total Return, at net asset value | 0.40% | (2.60%) | ||
Total Return, at market value | (0.40%) | (2.20%) | ||
Ratios to Average Net Assets | ||||
Expense ratio | (0.85%) | (0.84%) | ||
Expense ratio, excluding brokerage commissions | (0.75%) | (0.75%) | ||
Net investment income (loss) | (0.85%) | (0.84%) | ||
ProShares VIX Short-Term Futures ETF [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 13.5185 | $ 19.0084 | $ 20.93 | $ 28.5387 |
Net investment income (loss) | (0.0322) | (0.0444) | (0.1030) | (0.1518) |
Net realized and unrealized gain (loss) | 3.7821 | 1.8571 | (3.5607) | (7.5658) |
Change in net asset value from operations | 3.7499 | 1.8127 | (3.6637) | (7.7176) |
Net asset value, ending balance | 17.27 | 20.8211 | 17.27 | 20.8211 |
Market value per share, beginning balance | 13.42 | 19.03 | 20.99 | 28.53 |
Market value per share, ending balance | $ 17.08 | $ 20.78 | $ 17.08 | $ 20.78 |
Total Return, at net asset value | 27.70% | 9.50% | (17.50%) | (27.00%) |
Total Return, at market value | 27.30% | 9.20% | (18.60%) | (27.20%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.00%) | (0.94%) | (0.97%) | (0.87%) |
Expense ratio, excluding brokerage commissions | (0.85%) | (0.85%) | (0.85%) | (0.85%) |
Net investment income (loss) | (0.97%) | (0.92%) | (0.94%) | (0.83%) |
ProShares VIX Mid-Term Futures ETF [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 54.9398 | $ 61.7690 | $ 63.60 | $ 77.1837 |
Net investment income (loss) | (0.1221) | (0.1295) | (0.3887) | (0.4227) |
Net realized and unrealized gain (loss) | 9.0130 | 2.3798 | 0.6174 | (12.7417) |
Change in net asset value from operations | 8.8909 | 2.2503 | 0.2287 | (13.1644) |
Net asset value, ending balance | 63.83 | 64.0193 | 63.83 | 64.0193 |
Market value per share, beginning balance | 54.31 | 61.88 | 63.89 | 77.16 |
Market value per share, ending balance | $ 63.44 | $ 63.88 | $ 63.44 | $ 63.88 |
Total Return, at net asset value | 16.20% | 3.60% | 0.40% | (17.10%) |
Total Return, at market value | 16.80% | 3.20% | (0.70%) | (17.20%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.87%) | (0.88%) | (0.92%) | (0.86%) |
Expense ratio, excluding brokerage commissions | (0.85%) | (0.85%) | (0.85%) | (0.85%) |
Net investment income (loss) | (0.86%) | (0.85%) | (0.89%) | (0.82%) |
ProShares Short VIX Short-Term Futures ETF [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 78.8529 | $ 88.4063 | $ 61.40 | $ 67.4993 |
Net investment income (loss) | (0.2058) | (0.3181) | (0.6553) | (0.7883) |
Net realized and unrealized gain (loss) | (31.4722) | (13.2748) | (13.5702) | 8.1024 |
Change in net asset value from operations | (31.6780) | (13.5929) | (14.2255) | 7.3141 |
Net asset value, ending balance | 47.17 | 74.8134 | 47.17 | 74.8134 |
Market value per share, beginning balance | 79.06 | 88.27 | 61.16 | 67.47 |
Market value per share, ending balance | $ 47.64 | $ 74.94 | $ 47.64 | $ 74.94 |
Total Return, at net asset value | (40.20%) | (15.40%) | (23.20%) | 10.80% |
Total Return, at market value | (39.70%) | (15.10%) | (22.10%) | 11.10% |
Ratios to Average Net Assets | ||||
Expense ratio | (1.43%) | (1.54%) | (1.43%) | (1.51%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (1.39%) | (1.52%) | (1.40%) | (1.47%) |
ProShares Ultra VIX Short-Term Futures ETF [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 44.5168 | $ 132.7602 | $ 125.46 | $ 335.4203 |
Net investment income (loss) | (0.1658) | (0.5878) | (0.6630) | (2.4990) |
Net realized and unrealized gain (loss) | 12.8701 | 16.6593 | (67.5750) | (184.0896) |
Change in net asset value from operations | 12.7043 | 16.0715 | (68.2380) | (186.5886) |
Net asset value, ending balance | 57.22 | 148.8317 | 57.22 | 148.8317 |
Market value per share, beginning balance | 43.96 | 133.10 | 125.75 | 335.60 |
Market value per share, ending balance | $ 55.96 | $ 148.15 | $ 55.96 | $ 148.15 |
Total Return, at net asset value | 28.50% | 12.10% | (54.40%) | (55.60%) |
Total Return, at market value | 27.30% | 11.30% | (55.50%) | (55.90%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.73%) | (1.82%) | (1.65%) | (1.78%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (1.70%) | (1.80%) | (1.63%) | (1.75%) |
ProShares UltraShort Bloomberg Commodity [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 86.9410 | $ 54.2430 | $ 87.75 | $ 63.2936 |
Net investment income (loss) | (0.2509) | (0.1422) | (0.6608) | (0.3965) |
Net realized and unrealized gain (loss) | 28.9181 | 15.0557 | 28.5195 | 6.2594 |
Change in net asset value from operations | 28.6672 | 14.9135 | 27.8587 | 5.8629 |
Net asset value, ending balance | 115.61 | 69.1565 | 115.61 | 69.1565 |
Market value per share, beginning balance | 88.96 | 52 | 87.44 | 58.41 |
Market value per share, ending balance | $ 114.58 | $ 67.85 | $ 114.58 | $ 67.85 |
Total Return, at net asset value | 33.00% | 27.50% | 31.70% | 9.30% |
Total Return, at market value | 28.80% | 30.50% | 31.00% | 16.20% |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.92%) | (0.92%) | (0.92%) | (0.91%) |
ProShares UltraShort Bloomberg Crude Oil [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 56.8124 | $ 24.6332 | $ 77.98 | $ 31.7301 |
Net investment income (loss) | (0.2323) | (0.0654) | (0.5599) | (0.1953) |
Net realized and unrealized gain (loss) | 30.9380 | 6.2237 | 10.0990 | (0.7433) |
Change in net asset value from operations | 30.7057 | 6.1583 | 9.5391 | (0.9386) |
Net asset value, ending balance | 87.52 | 30.7915 | 87.52 | 30.7915 |
Market value per share, beginning balance | 57.12 | 24.61 | 76.52 | 31.58 |
Market value per share, ending balance | $ 86.17 | $ 30.60 | $ 86.17 | $ 30.60 |
Total Return, at net asset value | 54.00% | 25.00% | 12.20% | (3.00%) |
Total Return, at market value | 50.90% | 24.30% | 12.60% | (3.10%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.10%) | (0.97%) | (1.06%) | (0.97%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (1.07%) | (0.94%) | (1.03%) | (0.93%) |
ProShares UltraShort Bloomberg Natural Gas [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 74.7968 | $ 40.5583 | $ 83.96 | $ 69.9635 |
Net investment income (loss) | (0.2693) | (0.1378) | (0.8587) | (0.3585) |
Net realized and unrealized gain (loss) | 22.6066 | 5.8977 | 14.0351 | (23.2868) |
Change in net asset value from operations | 22.3373 | 5.7599 | 13.1764 | (23.6453) |
Net asset value, ending balance | 97.13 | 46.3182 | 97.13 | 46.3182 |
Market value per share, beginning balance | 75.20 | 40.43 | 82.03 | 69.36 |
Market value per share, ending balance | $ 96.84 | $ 46.48 | $ 96.84 | $ 46.48 |
Total Return, at net asset value | 29.90% | 14.20% | 15.70% | (33.80%) |
Total Return, at market value | 28.80% | 15.00% | 18.10% | (33.00%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.39%) | (1.14%) | (1.47%) | (1.16%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (1.36%) | (1.11%) | (1.44%) | (1.11%) |
ProShares UltraShort Gold [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 99.0011 | $ 83.9968 | $ 96.65 | $ 103.5180 |
Net investment income (loss) | (0.2445) | (0.2023) | (0.6723) | (0.5973) |
Net realized and unrealized gain (loss) | 8.2315 | 13.1335 | 11.0088 | (5.9927) |
Change in net asset value from operations | 7.9870 | 12.9312 | 10.3365 | (6.5900) |
Net asset value, ending balance | 106.99 | 96.9280 | 106.99 | 96.9280 |
Market value per share, beginning balance | 98.82 | 82.11 | 100.22 | 103.53 |
Market value per share, ending balance | $ 106.63 | $ 98.24 | $ 106.63 | $ 98.24 |
Total Return, at net asset value | 8.10% | 15.40% | 10.70% | (6.40%) |
Total Return, at market value | 7.90% | 19.60% | 6.40% | (5.10%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.91%) | (0.92%) | (0.91%) | (0.90%) |
ProShares UltraShort Silver [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 109.4314 | $ 73.6642 | $ 115.61 | $ 89.7820 |
Net investment income (loss) | (0.2751) | (0.1862) | (0.7355) | (0.5505) |
Net realized and unrealized gain (loss) | 10.9009 | 33.6339 | 5.1784 | 17.8804 |
Change in net asset value from operations | 10.6258 | 33.4477 | 4.4429 | 17.3299 |
Net asset value, ending balance | 120.06 | 107.1119 | 120.06 | 107.1119 |
Market value per share, beginning balance | 108.54 | 72.05 | 119.39 | 90.19 |
Market value per share, ending balance | $ 122.16 | $ 107.60 | $ 122.16 | $ 107.60 |
Total Return, at net asset value | 9.70% | 45.40% | 3.80% | 19.30% |
Total Return, at market value | 12.50% | 49.30% | 2.30% | 19.30% |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.92%) | (0.91%) | (0.92%) | (0.90%) |
ProShares Short Euro [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 43.0220 | $ 35.6131 | $ 40.06 | $ 35.5867 |
Net investment income (loss) | (0.1036) | (0.0864) | (0.3052) | (0.2496) |
Net realized and unrealized gain (loss) | (0.1537) | 2.9991 | 3.0082 | 3.1887 |
Change in net asset value from operations | (0.2573) | 2.9127 | 2.7030 | 2.9391 |
Net asset value, ending balance | 42.76 | 38.5258 | 42.76 | 38.5258 |
Market value per share, beginning balance | 43.05 | 35.66 | 40.03 | 35.66 |
Market value per share, ending balance | $ 42.78 | $ 38.50 | $ 42.78 | $ 38.50 |
Total Return, at net asset value | (0.60%) | 8.20% | 6.70% | 8.30% |
Total Return, at market value | (0.60%) | 8.00% | 6.90% | 8.00% |
Ratios to Average Net Assets | ||||
Expense ratio | (0.97%) | (0.96%) | (0.97%) | (0.96%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.95%) | (0.93%) | (0.94%) | (0.92%) |
ProShares UltraShort Australian Dollar [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 54.5527 | $ 40.2542 | $ 51.38 | $ 46.6384 |
Net investment income (loss) | (0.1555) | (0.1020) | (0.4262) | (0.3090) |
Net realized and unrealized gain (loss) | 10.1266 | 5.7257 | 13.5710 | (0.4515) |
Change in net asset value from operations | 9.9711 | 5.6237 | 13.1448 | (0.7605) |
Net asset value, ending balance | 64.52 | 45.8779 | 64.52 | 45.8779 |
Market value per share, beginning balance | 55.09 | 40.29 | 51.37 | 46.66 |
Market value per share, ending balance | $ 64.53 | $ 45.82 | $ 64.53 | $ 45.82 |
Total Return, at net asset value | 18.30% | 14.00% | 25.60% | (1.60%) |
Total Return, at market value | 17.10% | 13.70% | 25.60% | (1.80%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.03%) | (1.01%) | (1.03%) | (1.01%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (1.01%) | (0.98%) | (1.01%) | (0.96%) |
ProShares UltraShort Euro [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 24.7394 | $ 17.0603 | $ 21.59 | $ 17.0613 |
Net investment income (loss) | (0.0575) | (0.0419) | (0.1699) | (0.1173) |
Net realized and unrealized gain (loss) | (0.3042) | 2.9566 | 2.9530 | 3.0310 |
Change in net asset value from operations | (0.3617) | 2.9147 | 2.7831 | 2.9137 |
Net asset value, ending balance | 24.38 | 19.9750 | 24.38 | 19.9750 |
Market value per share, beginning balance | 24.75 | 17.05 | 21.61 | 17.06 |
Market value per share, ending balance | $ 24.36 | $ 19.96 | $ 24.36 | $ 19.96 |
Total Return, at net asset value | (1.50%) | 17.10% | 12.90% | 17.10% |
Total Return, at market value | (1.60%) | 17.10% | 12.70% | 17.00% |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.92%) | (0.91%) | (0.91%) | (0.90%) |
ProShares UltraShort Yen [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 92.1775 | $ 64.8923 | $ 89.33 | $ 70.8640 |
Net investment income (loss) | (0.2127) | (0.1581) | (0.6161) | (0.4498) |
Net realized and unrealized gain (loss) | (4.1411) | 11.0143 | (0.8938) | 5.3343 |
Change in net asset value from operations | (4.3538) | 10.8562 | (1.5099) | 4.8845 |
Net asset value, ending balance | 87.82 | 75.7485 | 87.82 | 75.7485 |
Market value per share, beginning balance | 92.19 | 64.89 | 89.30 | 70.91 |
Market value per share, ending balance | $ 87.82 | $ 75.76 | $ 87.82 | $ 75.76 |
Total Return, at net asset value | (4.70%) | 16.70% | (1.70%) | 6.90% |
Total Return, at market value | (4.70%) | 16.80% | (1.70%) | 6.80% |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.92%) | (0.92%) | (0.91%) | (0.89%) |
ProShares Ultra Bloomberg Commodity [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 49.5838 | $ 88.1153 | $ 52.13 | $ 77.7259 |
Net investment income (loss) | (0.0935) | (0.1789) | (0.3140) | (0.5636) |
Net realized and unrealized gain (loss) | (13.6501) | (19.8240) | (15.9800) | (9.0499) |
Change in net asset value from operations | (13.7436) | (20.0029) | (16.2940) | (9.6135) |
Net asset value, ending balance | 35.84 | 68.1124 | 35.84 | 68.1124 |
Market value per share, beginning balance | 47.02 | 88.08 | 51.44 | 76.52 |
Market value per share, ending balance | $ 35.88 | $ 68.24 | $ 35.88 | $ 68.24 |
Total Return, at net asset value | (27.70%) | (22.70%) | (31.30%) | (12.40%) |
Total Return, at market value | (23.70%) | (22.50%) | (30.20%) | (10.80%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.94%) | (0.91%) | (0.92%) | (0.91%) |
ProShares Ultra Bloomberg Crude Oil [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 45.4988 | $ 195.9524 | $ 50.74 | $ 160.4495 |
Net investment income (loss) | (0.0649) | (0.3890) | (0.2606) | (1.1510) |
Net realized and unrealized gain (loss) | (23.0862) | (44.9744) | (28.1317) | (8.7095) |
Change in net asset value from operations | (23.1511) | (45.3634) | (28.3923) | (9.8605) |
Net asset value, ending balance | 22.35 | 150.5890 | 22.35 | 150.5890 |
Market value per share, beginning balance | 45.20 | 195.95 | 51.85 | 161.10 |
Market value per share, ending balance | $ 22.68 | $ 151.70 | $ 22.68 | $ 151.70 |
Total Return, at net asset value | (50.90%) | (23.20%) | (56.00%) | (6.10%) |
Total Return, at market value | (49.80%) | (22.60%) | (56.30%) | (5.80%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.02%) | (0.97%) | (1.02%) | (0.98%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.98%) | (0.94%) | (0.99%) | (0.93%) |
ProShares Ultra Bloomberg Natural Gas [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 45.4247 | $ 180.1407 | $ 61.65 | $ 155.3534 |
Net investment income (loss) | (0.1265) | (0.3691) | (0.4322) | (1.2866) |
Net realized and unrealized gain (loss) | (13.2778) | (34.9239) | (29.1965) | (9.2191) |
Change in net asset value from operations | (13.4043) | (35.2930) | (29.6287) | (10.5057) |
Net asset value, ending balance | 32.02 | 144.8477 | 32.02 | 144.8477 |
Market value per share, beginning balance | 45.20 | 180.08 | 63.12 | 157.12 |
Market value per share, ending balance | $ 32.19 | $ 144.80 | $ 32.19 | $ 144.80 |
Total Return, at net asset value | (29.50%) | (19.60%) | (48.10%) | (6.80%) |
Total Return, at market value | (28.80%) | (19.60%) | (49.00%) | (7.80%) |
Ratios to Average Net Assets | ||||
Expense ratio | (1.25%) | (1.09%) | (1.26%) | (1.11%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (1.23%) | (1.06%) | (1.23%) | (1.07%) |
ProShares Ultra Gold [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 37.0199 | $ 48.3777 | $ 40 | $ 41.2553 |
Net investment income (loss) | (0.0791) | (0.1051) | (0.2573) | (0.3155) |
Net realized and unrealized gain (loss) | (3.7877) | (7.1796) | (6.5907) | 0.1532 |
Change in net asset value from operations | (3.8668) | (7.2847) | (6.8480) | (0.1623) |
Net asset value, ending balance | 33.15 | 41.0930 | 33.15 | 41.0930 |
Market value per share, beginning balance | 37.04 | 49.41 | 38.41 | 41.26 |
Market value per share, ending balance | $ 33.23 | $ 40.59 | $ 33.23 | $ 40.59 |
Total Return, at net asset value | (10.40%) | (15.10%) | (17.10%) | (0.40%) |
Total Return, at market value | (10.30%) | (17.90%) | (13.50%) | (1.60%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.92%) | (0.91%) | (0.91%) | (0.91%) |
ProShares Ultra Silver [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 36.4482 | $ 70.1043 | $ 39.37 | $ 63.3305 |
Net investment income (loss) | (0.0739) | (0.1442) | (0.2571) | (0.4388) |
Net realized and unrealized gain (loss) | (5.3251) | (23.5528) | (8.0594) | (16.4844) |
Change in net asset value from operations | (5.3990) | (23.6970) | (8.3165) | (16.9232) |
Net asset value, ending balance | 31.05 | 46.4073 | 31.05 | 46.4073 |
Market value per share, beginning balance | 36.63 | 71.76 | 38.05 | 63.04 |
Market value per share, ending balance | $ 30.53 | $ 46.15 | $ 30.53 | $ 46.15 |
Total Return, at net asset value | (14.80%) | (33.80%) | (21.10%) | (26.70%) |
Total Return, at market value | (16.70%) | (35.70%) | (19.80%) | (26.80%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.90%) | (0.91%) | (0.90%) | (0.91%) |
ProShares Ultra Euro [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 16.5907 | $ 25.6654 | $ 19.87 | $ 26.0346 |
Net investment income (loss) | (0.0386) | (0.0553) | (0.1138) | (0.1697) |
Net realized and unrealized gain (loss) | (0.0071) | (3.8505) | (3.2156) | (4.1053) |
Change in net asset value from operations | (0.0457) | (3.9058) | (3.3294) | (4.2750) |
Net asset value, ending balance | 16.55 | 21.7596 | 16.55 | 21.7596 |
Market value per share, beginning balance | 16.59 | 25.80 | 19.80 | 25.98 |
Market value per share, ending balance | $ 16.53 | $ 21.72 | $ 16.53 | $ 21.72 |
Total Return, at net asset value | (0.30%) | (15.20%) | (16.80%) | (16.40%) |
Total Return, at market value | (0.40%) | (15.80%) | (16.50%) | (16.40%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.93%) | (0.91%) | (0.92%) | (0.90%) |
ProShares Ultra Yen [Member] | ||||
Financial Highlights [Line Items] | ||||
Net asset value, beginning balance | $ 53.5029 | $ 79.8693 | $ 56.47 | $ 74.5261 |
Net investment income (loss) | (0.1175) | (0.1751) | (0.3686) | (0.5217) |
Net realized and unrealized gain (loss) | 1.9729 | (11.8185) | (0.7478) | (6.1287) |
Change in net asset value from operations | 1.8554 | (11.9936) | (1.1164) | (6.6504) |
Net asset value, ending balance | 55.36 | 67.8757 | 55.36 | 67.8757 |
Market value per share, beginning balance | 53.61 | 80.28 | 56.48 | 74.44 |
Market value per share, ending balance | $ 55.38 | $ 68.24 | $ 55.38 | $ 68.24 |
Total Return, at net asset value | 3.50% | (15.00%) | (2.00%) | (8.90%) |
Total Return, at market value | 3.30% | (15.00%) | (1.90%) | (8.30%) |
Ratios to Average Net Assets | ||||
Expense ratio | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Expense ratio, excluding brokerage commissions | (0.95%) | (0.95%) | (0.95%) | (0.95%) |
Net investment income (loss) | (0.87%) | (0.92%) | (0.90%) | (0.90%) |
Risk - Additional Information (
Risk - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2015 | |
Unusual Risk or Uncertainty [Line Items] | |
Percentage of calculation on simple inverse correlation | 200.00% |
Forward Agreements [Member] | |
Unusual Risk or Uncertainty [Line Items] | |
Exposure to swap agreements or forward contracts | 100.00% |
UltraShort Fund [Member] | |
Unusual Risk or Uncertainty [Line Items] | |
Leverage risk benchmark | 50% at any point in the day |
Managed Futures Fund [Member] | ProShares Morningstar Alternatives Solution ETF [Member] | |
Unusual Risk or Uncertainty [Line Items] | |
Equity ownership percentage | 50.00% |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) | Oct. 27, 2015 |
ProShares UltraShort Silver [Member] | Subsequent Event [Member] | |
Subsequent Event [Line Items] | |
Shares split, description | On October 27, 2015, the Trust announced a 2-for-1 split of the Shares of beneficial interest of ProShares UltraShort Silver. The split will decrease the price per Share of the Fund with a proportionate increase in the number of Shares outstanding. For example, for a 2-for-1 split, every one pre-split Share will result in the receipt of two post-split Shares, which will be priced at half the NAV of a pre-split Share. The split will be effective for shareholders of record after the close of the markets on November 10, 2015. The split will be effective at the market open on November 13, 2015, when the Fund will begin trading at its post-split price. The ticker symbol for the Fund will not change. |
Subsequent Events - Schedule of
Subsequent Events - Schedule of Fund Going Under Stock Split (Detail) | Nov. 13, 2015 |
Subsequent Event [Member] | ProShares UltraShort Silver [Member] | |
Subsequent Event [Line Items] | |
Split Ratio | 2 |
Subsequent Events - Per Share O
Subsequent Events - Per Share Operating Performance (Detail) - $ / shares | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Financial Highlights [Line Items] | |||||
Shares outstanding | 104,640,929 | 104,640,929 | 71,732,357 | ||
ProShares UltraShort Silver [Member] | |||||
Financial Highlights [Line Items] | |||||
Net asset value, beginning balance | $ 109.4314 | $ 73.6642 | $ 115.61 | $ 89.7820 | |
Net investment income (loss) | (0.2751) | (0.1862) | (0.7355) | (0.5505) | |
Net realized and unrealized gain (loss) | 10.9009 | 33.6339 | 5.1784 | 17.8804 | |
Change in net asset value from operations | 10.6258 | 33.4477 | 4.4429 | 17.3299 | |
Net asset value, ending balance | 120.06 | 107.1119 | 120.06 | 107.1119 | |
Market value per share, beginning balance | 108.54 | 72.05 | 119.39 | 90.19 | |
Market value per share, ending balance | $ 122.16 | 107.60 | $ 122.16 | 107.60 | |
Shares outstanding | 458,489 | 458,489 | 458,489 | ||
Net income (loss) per weighted-average share | $ 13.01 | $ 31.25 | $ 11.46 | $ 15.59 | |
Weighted-average shares outstanding | 469,901 | 694,358 | 514,166 | 824,057 | |
ProShares UltraShort Silver [Member] | Pro Forma [Member] | |||||
Financial Highlights [Line Items] | |||||
Net asset value, beginning balance | $ 54.7157 | $ 36.8321 | $ 57.8071 | $ 44.8910 | |
Net investment income (loss) | (0.1375) | (0.0931) | (0.3677) | (0.2752) | |
Net realized and unrealized gain (loss) | 5.4504 | 16.8169 | 2.5892 | 8.9401 | |
Change in net asset value from operations | 5.3129 | 16.7238 | 2.2215 | 8.6649 | |
Net asset value, ending balance | 60.0286 | 53.5559 | 60.0286 | 53.5559 | |
Market value per share, beginning balance | 54.27 | 36.03 | 59.70 | 45.10 | |
Market value per share, ending balance | $ 61.08 | 53.80 | $ 61.08 | 53.80 | |
Shares outstanding | 916,978 | 916,978 | 916,978 | ||
Net income (loss) per weighted-average share | $ 6.50 | $ 15.62 | $ 5.73 | $ 7.79 | |
Weighted-average shares outstanding | 939,802 | 1,388,716 | 1,028,332 | 1,648,114 |