Distributions

To see the most recent distribution schedule click here.

ProShares may distribute net investment income earned by the funds, if any, on a monthly or quarterly basis, depending on the fund. Some ProShares may make capital gain distributions generally on an annual basis. Distribution information is posted on our website.

For funds that provide tax information on Schedule K-1, such as our Commodity, Currency, VIX Futures and Managed Futures funds, additional information is available in Taxation FAQs for VIX Futures, Commodity, Currency and Managed Futures ProShares.

Additional dividend distributions FAQs for our crypto funds and OILK can be found here.

All 40 Act ETFs are required by IRS regulations to distribute substantially all of their net investment income and capital gains to shareholders at least annually. Many ETFs make regular income distributions as well as capital gains distributions.

Ex-Date. On this date, the ETF will trade without its dividend with the first reported trade. That means the ETF’s NAV will drop by the amount of the distribution on the morning of the ex-date. Even though the NAV is affected, shareholders who bought the shares before the ex-date have not "lost" the dividend amount, because they will receive the distribution. The ex-date is usually the second business day before the record date.

Record Date. This is the date on which ProShares determines the shareholders of record. An investor must be listed as a holder of record to ensure the right of a distribution payout.

Pay Date. This is the date on which ProShares pays a distribution to the holder of record. This date is usually a couple of days after the record date.

Because you hold ProShares through a brokerage account, you must request this service, if offered, from your brokerage firm. Your brokerage firm is also responsible for other services, such as account statements, confirmations of your purchases and sales of ProShares, and year-end tax information. It also will be responsible for ensuring that you receive shareholder reports and other communications from ProShares.

Net investment income results from funds holding debt securities, money market instruments and/or dividend-producing equity securities. Income received from these instruments is periodically distributed (net of expenses) to shareholders. While ProShares may use tax management strategies to minimize capital gains, such strategies are generally not used to minimize dividend distributions.

Short ProShares may use derivative products, including futures contracts and/or swap agreements, to obtain short exposure to indexes or benchmarks. These derivatives generally provide the fund with the desired short exposure to an index or benchmark. As a result, the fund has cash available to invest in debt securities and/or money market instruments which generally earn prevailing interest rates. This investment strategy allows ProShares to pass on interest income (net of expenses) to shareholders.

Net investment income and short-term capital gains will be reported as ordinary income on the Form 1099-DIV your financial professional sends out. Long-term capital gains are reported as ETF capital gains.

VIX Futures, Commodity, Currency and Managed Futures ProShares issue K-1s instead of 1099s. For more information, please see Taxation FAQs for VIX Futures, Commodity, Currency and Managed Futures ProShares.

The following ProShares ETFs are expected to distribute any interest income according to the monthly schedule above:

Details on how distributions are calculated for the Crypto ETFs (BETE, BETH, BITI, BITO, BITU, EETH, ETHD, ETHT, KRYP, SBIT, SETH, SLON, UXRP) and OILK can be found here.

The earliest a newly launched ETF with a monthly distribution schedule will generally distribute a regular dividend is when the ex-date is at least 30 days from the launch date. 

The following ProShares ETF is expected to distribute any interest income according to the weekly schedule above:

GENIUS Money Market ETF (IQMM)

The following ProShares ETFs distributed any interest income according to the monthly schedule above:

Details on how distributions are calculated for the Crypto ETFs (BETE, BETH, BITI, BITO, BITU, EETH, ETHD, ETHT, SBIT, SETH, SLON, UXRP) and OILK can be found here.

Due to a tax provision included in the One Big Beautiful Bill Act (OBBBA), the Crypto Funds’ subsidiaries’ tax year-end will change from September 30 to October 31. As part of this transition, the subsidiaries will have two net income periods in 2026. See Questions 4, 5 and 6 for details.

Like many mutual funds and ETFs these Funds may distribute dividends. Each of the Funds listed above has a monthly dividend distribution schedule, but may or may not issue a monthly dividend.

See Distribution Schedule

All 1940 Act registered mutual funds and ETFs are required to distribute nearly all of their taxable income by the end of each calendar year to avoid excise taxes.

The source of each Fund’s distributions are investments held by each Fund’s subsidiary or direct investments held by the Fund. Daily consolidated holdings for each of the Funds (which includes the subsidiaries holdings) can be found on its product page. 

Investments Held by the Subsidiary

Each of the Funds gets exposure to oil or crypto futures contracts, or swap on a commodity or crypto index or an index of futures contracts, as applicable, by investing in a wholly owned subsidiary which, in turn, invests in such futures contracts or swap agreements. For tax purposes, each Fund recognizes any net income of its subsidiary, including gains on such futures contracts or swap agreements in which its subsidiary invests, as an ordinary dividend on the final day of the subsidiary’s tax year. The Crypto Funds’ subsidiaries’ tax year-ends will change from September 30 to October 31. During the transition year of 2026, the Crypto Funds’ subsidiaries will have two net income periods: (1) October 1, 2025, through September 30, 2026, and (2) October 1, 2026, through October 31, 2026.  In 2027, the Crypto Funds’ subsidiaries’ tax year-end will be October 31.  See Questions 5 and 6 for more details. The final day of the subsidiary’s tax year-end for OILK is October 31. When paid to Fund shareholders, these amounts are characterized for tax purposes as dividend distributions and are not eligible for capital gains treatment.

Direct Investments Held in the Fund

Other investments that may be held by the Funds, such as U.S. Treasury securities or swap on an ETF, may generate interest and capital gains (or losses), which may also be distributed as either dividends or capital gains, respectively. Net capital gains generated from swap on an ETF, if any, would  typically be distributed annually in December and are not included in the monthly dividend distribution.   

The tax year-end for the Crypto Funds’ subsidiaries will change from September 30 to October 31 due to a tax provision included in the One Big Beautiful Bill Act (OBBBA), which was signed into law on July 4, 2025.

Under prior rules, each subsidiary, classified as a controlled foreign corporation (CFC), was permitted to elect a tax year-end that was one month earlier than that of the Fund. The OBBBA repeals this election. As a result, for tax years beginning after November 30, 2025, the Crypto Funds’ subsidiaries will be required to adopt the same tax year-end as the Funds, which is October 31.

In 2026 the Crypto Funds’ subsidiaries will have two net income periods due to the tax-year end transition:

1. October 1, 2025 through September 30, 2026; and
2. October 1, 2026 through October 31, 2026.

Each period will be treated independently – any positive net income from either period must be distributed in 2026, and losses from one period cannot offset gains from the other.

See Question 6 for details on the Funds’ monthly distribution calculation and schedule.

The amount of each Fund’s monthly dividend distribution (if any) is intended to estimate the Fund’s current required calendar year distribution allocated equally over the remaining months of the calendar year.

It is important to remember that the dividend distribution amount for each Fund may change significantly from month to month. In some months, a Fund may not make any dividend distributions at all. For example, a Fund may not make distributions if its subsidiary has had significant recent losses or if the distributions previously paid by the Fund have already covered the Fund’s expected required calendar-year dividend distribution.

The monthly dividend distribution amount for each Fund, in general, can be expected to approximate the total of:

FUND

• The previous month’s net investment income (does not include gains/losses from swaps on ETFs) included for such Fund (without regard to its subsidiary). Net investment income typically consists of interest earned on cash investments, such as U.S. Treasury securities, minus accrued Fund expenses.

(PLUS)

SUBSIDIARY

• The tax year/period-to-date net income (includes gains/losses from commodity/crypto futures) of the Fund’s subsidiary. For OILK, this refers to the subsidiary’s tax year ending October 31 of the current calendar year. For the Crypto Funds in 2026, this refers to net income earned during the subsidiaries two net income periods—October 1, 2025 through September 30, 2026, and October 1, 2026 through October 31, 2026.

(MINUS)

• The net income previously paid as dividend distributions by the Fund during the current calendar year.

(DIVIDED BY)

• The number of scheduled dividend distribution dates remaining in the current calendar year.
  
  See Distribution Schedule 

Important Information:

Actual Fund distributions may be different from amounts determined using the approach described above.

For the Crypto Funds during the tax year-end transition year in 2026, the October, November and December distributions will reflect their subsidiaries’ remaining undistributed net income earned during the period of October 1, 2025 through September 30, 2026. In addition, any net income earned by the subsidiaries during October 1, 2026 through October 31, 2026 will be distributed in November and December 2026. Net income of the subsidiaries in November and December 2026 will affect the distributions beginning in February of the following calendar year.

For OILK, the November and December distributions each year reflect its subsidiary’s net income only through the subsidiary’s October 31 tax year-end. OILK generally does not begin distribution of the net income (if any) of its subsidiary earned in November and December of each calendar year until February of the following calendar year.

For all Funds (and each subsidiary), monthly income and expenses (including at fiscal year-end) are generally determined six business days prior to month-end for operational reasons. Therefore, Fund distributions may not reflect actual income and expenses through month-end. Amounts not included in the calculation for a given month generally are reflected in the following month.

The crypto Funds (BETE, BETH, BITO, BITI, BITU, EETH, ETHD, ETHT, KRYP, SBIT, SETH, SLON, UXRP) expect to distribute as per the following schedule:

1. "From Date" refers to the starting period of the monthly distribution calculation (see formula above). 
2. "Cut Off Date" refers to the ending period of the monthly distribution calculation.
3. Includes year-to-date net income of the Fund's subsidiary from October 1, 2025, to January 23, 2026, and net investment income from the Fund from January 1, 2026 to January 23, 2026.
4. Includes net income of the Fund's subsidiary’s first net income period from September 24, 2026, to September 30, 2026 and from its second net income period from October 1, 2026 to October 23, 2026.
5. Includes net income of the Fund’s subsidiary’s second net income period from October 24, 2026 to October 31, 2026.
6. Does not include income from the Fund’s subsidiary after October 31, 2026 and includes estimate of the Fund's net investment income up to and including the Cut Off Date.

OILK expects to distribute as per the following schedule:

1. "From Date" refers to the starting period of the monthly distribution calculation (see formula above).
2. "Cut Off Date" refers to the ending period of the monthly distribution calculation.
3. Includes year-to-date net income of the Fund's subsidiary from November 1, 2025, to January 23, 2026 and net investment income from the Fund from January 1, 2026, to January 23, 2026.
4. Includes net income of the Fund's subsidiary from October 24, 2026, to October 31, 2026.
5. Does not include net income from the subsidiary after October 31, 2026, and includes estimate of the Fund's net investment income up to and including the Cut Off Date.

In addition to the factors described above, the amount of Fund distributions, if any, may be impacted by the level of Fund and subsidiary fees and expenses, portfolio investment and tax strategies, and other factors.

The approximate value of the monthly dividend per share for each Fund is its estimated monthly dividend amount divided by the outstanding shares of such Fund one day before the Fund’s ex-dividend date.

The approach described above is for illustrative purposes only. It should not be relied on as a definitive indicator of the level, character or frequency of Fund distributions, if any. This information is not intended as investment or tax advice and should not be used or relied on for investment purposes. The approach described above, including the dates referenced therein, may be changed at any time without notice.

The earliest a Fund will generally distribute a regular dividend is when the ex-date is at least 30 days from the launch date. 

Generally, the Fund’s dividend distributions will be taxed as ordinary dividends, not qualified dividend income. It should be noted that in some circumstances distributions ultimately may be recharacterized as non-taxable distributions. For example, if a Fund or its subsidiary experiences significant losses later in its tax year, Fund distributions made earlier in the year may be recharacterized as a non-taxable return of capital distribution.

If you have questions about the tax implications of your investment in a Fund, you should consider consulting a tax professional.

The dividend schedule can be found here: Distribution Schedule. Dividend rates are posted after the market close the evening prior to ex-date on each Fund’s product page. For 1099 purposes, the character of each dividend can be viewed on the ICI Primary Report posted in the Tax Supplement section here: Tax Supplements.

S&P 500 High Income ETF (ISPY), Nasdaq-100 High Income ETF (IQQQ), and Russell 2000 High Income ETF (ITWO) seek to make distributions each month. However, there is no guarantee that the Funds will make such distributions, and the amount of such distributions, if any, may vary significantly from month to month.

See Distribution Schedule.

The Funds invest in financial instruments that, in combination, should track the performance of the index. The Funds invest in financial instruments, such as equity securities, swap agreements, futures contracts and U.S. Treasury securities, that generate taxable income.

ISPY seeks to make distributions that generally reflect the dividend and call premium income earned by the Index (net of Fund expenses) as measured by the S&P 500 Daily Covered Call Index - Income Only, a sub-index that measures the cash received by the Index from dividends and call option premiums. Each month the Fund intends to distribute an amount that reflects all or a portion of the dividend and call premium income earned by the Index, subject to a minimum yield of 6% (annualized). Amounts distributed by the Fund to satisfy the monthly minimum yield requirement that exceed the dividend and call premium income earned by the Index will reduce the amount of subsequent Fund distributions. The monthly distributions are intended to provide shareholders with dividend and call premium income. However, some or all of the monthly distributions may be characterized as a return of capital.

IQQQ seeks to make distributions that generally reflect the dividend and call premium income earned by the Index (net of Fund expenses) as measured by the Nasdaq-100 Daily Covered Call - Income Only Index, a sub-index that measures the cash received by the Index from dividends and call option premiums. Each month the Fund intends to distribute an amount that reflects all or a portion of the dividend and call premium income earned by the Index, subject to a minimum yield of 6% (annualized). Amounts distributed by the Fund to satisfy the monthly minimum yield requirement that exceed the dividend and call premium income earned by the Index will reduce the amount of subsequent Fund distributions. The monthly distributions are intended to provide shareholders with dividend and call premium income. However, some or all of the monthly distributions may be characterized as return of capital.

ITWO seeks to make distributions that generally reflect the dividend and call premium income earned by the Index (net of Fund expenses) as measured by the Cboe Russell 2000 Daily Covered Call Index - Income Only, a sub-index that measures the cash received by the Index from dividends and call option premiums. Each month the Fund intends to distribute an amount that reflects all or a portion of the dividend and call premium income earned by the Index, subject to a minimum yield of 6% (annualized). Amounts distributed by the Fund to satisfy the monthly minimum yield requirement that exceed the dividend and call premium income earned by the Index will reduce the amount of subsequent Fund distributions. The monthly distributions are intended to provide shareholders with dividend and call premium income. However, some or all of the monthly distributions may be characterized as return of capital.

On 19a-1 notices, the fund discloses the accounting source of each distribution, either net investment income or accounting return of capital. The accounting source of the distribution does not impact whether the distribution is considered to be taxable income or a tax return of capital for income tax purposes. The characterization of fund distributions for income tax purposes as ordinary dividends, capital gains, or tax return of capital is determined at the end of the year and will be provided in a Form 1099-DIV. In general, distributions that are non-taxable will be reported as non-dividend distributions on Form 1099-DIV. If you have questions about the tax implications of your investment in a Fund, you should consult a tax professional.

The distribution schedule, which includes ex-dates, record dates and payable dates, can be found here: Distribution Schedule. Distribution rates are posted after market close the evening prior to ex-date on each Fund’s product page. For Form 1099-DIV purposes, the character of each dividend can be viewed on the ICI Primary Report posted in the Tax Supplement section here: Tax Supplements.