John Loder, Esq.
c/o Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600 |
Richard F. Morris
ProShare Advisors LLC
7272 Wisconsin Avenue, 21st Floor
Bethesda, MD 20814 |
ION |
ProShares S&P Global Core Battery Metals ETF |
|
|
|
|
Management Fees |
|
Other Expenses1
|
|
Total Annual Fund Operating Expenses |
|
1 Year |
3 Years |
$ |
$ |
ProShares S&P Global
Core Battery Metals ETF |
ION |
Principal U.S. National Stock Exchange |
Fund |
NYSE Arca |
ProShares S&P Global Core Battery Metals ETF |
4 | |
5 | |
30 | |
31 | |
33 | |
38 | |
39 | |
41 | |
43 | |
46 | |
54 | |
55 | |
70 | |
79 | |
A-1 | |
B-1 | |
C-1 |
Term |
Definition |
1933 Act |
Securities Act of 1933, as amended |
1934 Act |
Securities and Exchange Act of 1934, as amended |
1940 Act |
Investment Company Act of 1940, as amended |
Advisor or ProShare Advisors |
ProShare Advisors LLC |
Board of Trustees or Board |
Board of Trustees of ProShares Trust |
CCO |
Chief Compliance Officer |
CFTC |
U.S. Commodity Futures Trading Commission |
Code or Internal Revenue Code |
Internal Revenue Code of 1986, as amended |
CPO |
Commodity Pool Operator |
Distributor or SEI |
SEI Investments Distribution Co. |
ETF |
Exchange traded fund |
Exchange |
NYSE Arca |
Fund Complex |
All operational registered investment companies that are
advised by the Advisor or its affiliates |
Independent Trustee(s) |
Trustees who are not “Interested Persons” of ProShare
Advisors or Trust as defined under Section 2(a)(19) of the
1940 Act |
NAV |
Net asset value |
New Fund(s) |
ProShares S&P Global Core Battery Metals ETF |
SEC |
U.S. Securities and Exchange Commission |
Shares |
The shares of the Fund |
Trust |
ProShares Trust |
Trustee(s) |
One or more of the trustees of the Trust |
Name and Birth Date |
Term of Office
and Length of
Time Served |
Principal Occupation(s)
During
the Past 5 Years |
Number of
Operational
Portfolios in
Fund Complex*
Overseen by Trustee |
Other Directorships
Held by Trustee
During
Past 5 Years |
Independent Trustees |
|
|
| |
William D. Fertig
Birth Date: 9/56 |
Indefinite; June
2011 to present |
Context Capital
Management
(Alternative Asset
Management): Chief
Investment Officer
(September 2002 to
present). |
ProShares (120)
ProFunds (117) |
Context Capital |
Russell S. Reynolds III
Birth Date: 7/57 |
Indefinite;
November 2005 to
present |
RSR Partners, Inc.
(Retained Executive
Recruitment and
Corporate
Governance
Consulting):
Managing Director
(February 1993 to
present). |
ProShares (120)
ProFunds (117) |
RSR Partners, Inc. |
Michael C. Wachs
Birth Date: 10/61 |
Indefinite;
November 2005 to
present |
Linden Lane Capital
Partners LLC (Real
Estate Investment
and Development):
Managing Principal
(2010 to present). |
ProShares (120)
ProFunds (117) |
NAIOP (the
Commercial Real
Estate Development
Association) |
Interested Trustee and Chairman of the Board |
|
|
Name and Birth Date |
Term of Office
and Length of
Time Served |
Principal Occupation(s)
During
the Past 5 Years |
Number of
Operational
Portfolios in
Fund Complex*
Overseen by Trustee |
Other Directorships
Held by Trustee
During
Past 5 Years |
Michael L. Sapir**
Birth Date: 5/58 |
Indefinite; 2002 to
present |
Chairman and Chief
Executive Officer of
ProFund
Advisors LLC
(April 1997 to
present); ProShare
Advisors
(November 2005 to
present); and
ProShare Capital
Management LLC
(July 2008 to
present). |
ProShares (120)
ProFunds (117) |
None |
Name of Trustee |
Dollar Range
of Equity
Securities in
the Fund |
Aggregate Dollar
Range of Equity
Securities in All
Registered Investment
Companies Overseen
by Trustee in Family of
Investment Companies |
Independent Trustees |
|
|
William D. Fertig, Trustee |
None |
Over $100,000 |
Russell S. Reynolds III, Trustee |
None |
$10,001-$50,000 |
Michael C. Wachs, Trustee |
None |
$10,001-$50,000 |
Interested Trustee |
|
|
Michael L. Sapir, Trustee and Chairman |
None |
Over $100,000 |
Name |
Aggregate
Compensation
From Fund |
Pension or
Retirement
Benefits
Accrued as
Part of
Trust
Expenses |
Estimated
Annual
Benefits
Upon
Retirement |
Total
Compensation
From Trust and
Fund Complex
Paid to Trustees |
Independent Trustees |
|
|
|
|
William D. Fertig, Trustee |
$0 |
$0 |
$0 |
$300,000.00 |
Russell S. Reynolds, III, Trustee |
$0 |
$0 |
$0 |
$300,000.00 |
Michael C. Wachs, Trustee |
$0 |
$0 |
$0 |
$300,000.00 |
Interested Trustee |
|
|
|
|
Michael L. Sapir, Trustee and Chairman |
$0 |
$0 |
$0 |
$0 |
Name and Birth Date |
Position(s)
Held with
Trust |
Term of Office
and Length of
Time Served |
Principal Occupation(s)
During the Past
5 Years |
Todd B. Johnson
Birth Date: 1/64 |
President |
Indefinite;
January 2014 to
present |
Chief Investment Officer of ProShare
Advisors (December 2008 to present);
ProFund Advisors LLC (December 2008 to
present); and ProShare Capital
Management LLC (February 2009 to present). |
Maria Clem Sell
3 Canal Plaza, Suite
100 Portland, ME
04101
Birth Date: 2/78 |
Treasurer |
Indefinite; June
2022 to present |
Principal Consultant, Principal Financial
Officer Group, ACA Group. |
Victor M. Frye, Esq.
Birth Date: 10/58 |
Chief
Compliance
Officer and AML
Officer |
Indefinite;
November 2005
to present |
Counsel and Chief Compliance Officer of
ProShare Advisors (December 2004 to
present) and ProFund Advisors LLC (October
2002 to present); Secretary of ProFunds
Distributors, Inc. (April 2008 to present). |
Richard F. Morris
Birth Date: 8/67 |
Chief Legal
Officer and
Secretary |
Indefinite;
December 2015
to present |
General Counsel of ProShare Advisors;
ProFund Advisors LLC; and ProShare Capital
Management LLC (December 2015 to
present); Chief Legal Officer of ProFunds
Distributors, Inc. (December 2015 to present);
Partner at Morgan Lewis & Bockius, LLP
(October 2012 to November 2015). |
Name of Fund |
Investment Advisory and
Management Fee |
ProShares S&P Global Core Battery Metals ETF |
0.58% |
Name of Portfolio Manager |
Dollar Range of
Equity Securities
in the Funds
Managed by the
Portfolio Manager |
Aggregate Dollar Range
of Equity Securities in
All Registered
Investment Companies in
the ProShares Family |
Alexander Ilyasov |
None |
$50,001-$100,000 |
Scott Hanson |
None |
None |
Name of Portfolio
Manager |
Number of All Registered
Investment Companies
Managed/Total Assets |
Number of All
Other Pooled
Investment Vehicles
Managed/Total Assets |
Number of All
Other Accounts
Managed/Total Assets |
Alexander Ilyasov |
74/$6,171,444,863 |
16/$4,643,246,761 |
3/$84,659,783 |
Scott Hanson |
47/$1,022,441,806 |
0/$0 |
1/$23,744,009 |
Fund Name |
Creation Unit
Size |
Value of
Creation Unit at
inception |
ProShares S&P Global Core Battery Metals ETF |
25,000 |
$1,000,000 |
Fund(s) |
Typical Creation Cut-Off Time (Eastern Time) |
ProShares S&P Global Core Battery Metals
ETF |
3:30 p.m. |
Fund(s) |
Typical NAV Calculation Time
Eastern Time |
ProShares S&P Global Core Battery Metals ETF |
4:00 p.m. |
Argentina |
Australia |
Bahrain |
Belgium |
Bermuda |
Brazil |
Canada |
October 7 |
December 26 |
October 9 |
December 26 |
November 11 |
October 12 |
October 10 |
October 10 |
December 27 |
December 18 |
April 7 |
December 26 |
November 2 |
December 26 |
November 21 |
January 2 |
December 19 |
April 10 |
December 27 |
November 15 |
December 27 |
December 8 |
January 26 |
January 1 |
May 1 |
January 2 |
December 30 |
January 2 |
December 9 |
April 7 |
April 23 |
|
April 7 |
February 20 |
February 20 |
February 20 |
April 10 |
April 24 |
|
May 26 |
February 21 |
April 7 |
February 21 |
April 25 |
April 25 |
|
June 19 |
April 7 |
May 22 |
March 24 |
June 12 |
June 28 |
|
August 3 |
April 21 |
July 3 |
April 6 |
|
June 29 |
|
August 4 |
May 1 |
August 7 |
April 7 |
|
July 19 |
|
September 4 |
June 8 |
September 4 |
May 1 |
|
July 30 |
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September 7 |
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May 25 |
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July 31 |
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June 20 |
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September 27 |
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July 19 |
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August 21 |
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|
Cayman Islands |
Chile |
China |
Colombia |
Costa Rica |
Croatia |
Denmark |
November 14 |
October 10 |
October 3 |
October 17 |
December 5 |
November 1 |
December 26 |
December 26 |
October 31 |
October 4 |
November 7 |
December 26 |
November 18 |
April 6 |
December 27 |
November 1 |
October 5 |
November 14 |
December 27 |
December 26 |
April 7 |
January 2 |
December 8 |
October 6 |
December 8 |
December 28 |
December 29 |
April 10 |
January 23 |
January 2 |
October 7 |
December 30 |
December 29 |
December 30 |
May 1 |
February 22 |
April 7 |
December 23 |
January 9 |
December 30 |
January 6 |
May 18 |
April 7 |
May 1 |
December 26 |
March 20 |
April 3 |
April 7 |
May 19 |
April 10 |
June 21 |
January 25 |
April 6 |
April 4 |
April 10 |
May 29 |
May 15 |
June 26 |
January 26 |
April 7 |
April 5 |
May 1 |
Jun 5 |
June 19 |
August 15 |
January 27 |
May 1 |
April 6 |
May 30 |
|
July 3 |
September 18 |
February 21 |
May 22 |
April 7 |
June 8 |
|
|
September 19 |
April 5 |
June 12 |
April 10 |
June 22 |
|
|
|
May 1 |
June 19 |
May 1 |
August 15 |
|
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|
June 22 |
July 3 |
July 24 |
|
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|
September 29 |
July 20 |
August 2 |
|
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August 7 |
September 15 |
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August 21 |
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Ecuador |
Egypt |
France |
Germany |
Hong Kong |
Hungary |
India |
October 10 |
October 6 |
December 26 |
December 26 |
October 4 |
October 31 |
October 5 |
November 3 |
October 10 |
April 7 |
April 7 |
December 26 |
November 1 |
October 26 |
November 4 |
January 1 |
April 10 |
April 10 |
December 27 |
December 26 |
November 8 |
December 26 |
January 25 |
May 1 |
May 1 |
January 2 |
March 15 |
January 26 |
December 30 |
April 16 |
|
|
January 23 |
April 7 |
March 8 |
January 2 |
April 17 |
|
|
January 24 |
April 10 |
March 30 |
February 20 |
April 23 |
|
|
January 25 |
May 1 |
April 3 |
February 21 |
April 24 |
|
|
April 5 |
May 29 |
April 7 |
April 7 |
April 25 |
|
|
April 7 |
|
April 14 |
May 26 |
June 27 |
|
|
April 10 |
|
May 1 |
August 11 |
June 28 |
|
|
May 1 |
|
June 29 |
|
June 29 |
|
|
May 26 |
|
August 15 |
|
July 19 |
|
|
June 22 |
|
September 18 |
|
July 23 |
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|
Indonesia |
Ireland |
Italy |
Japan |
Kazakhstan |
Korea, Republic
of |
Lebanon |
March 22 |
December 26 |
December 26 |
October 10 |
December 1 |
October 3 |
November 22 |
April 7 |
December 27 |
April 7 |
November 3 |
December 16 |
October 10 |
January 6 |
April 19 |
January 2 |
April 10 |
November 23 |
December 19 |
December 30 |
February 9 |
April 20 |
April 7 |
May 1 |
January 2 |
January 2 |
January 23 |
February 14 |
April 21 |
April 10 |
August 18 |
January 3 |
January 3 |
January 24 |
April 7 |
April 24 |
May 1 |
|
January 9 |
March 8 |
March 1 |
April 10 |
April 25 |
|
|
February 23 |
March 20 |
May 1 |
April 14 |
May 1 |
|
|
March 21 |
March 21 |
May 5 |
April 17 |
May 15 |
|
|
May 3 |
March 22 |
June 6 |
April 21 |
June 1 |
|
|
May 4 |
March 23 |
August 15 |
May 1 |
June 29 |
|
|
May 5 |
May 1 |
September 28 |
May 25 |
July 19 |
|
|
July 17 |
May 8 |
September29 |
June 28 |
August 17 |
|
|
August 11 |
May 9 |
|
June 29 |
September 27 |
|
|
September 18 |
June 28 |
|
June 30 |
|
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|
July 6 |
|
July 19 |
|
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July 7 |
|
August 15 |
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August 30 |
|
September 27 |
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Luxembourg |
Malaysia |
Malta |
Mexico |
Netherlands |
New Zealand |
Oman |
December 26 |
October 10 |
December 8 |
November 2 |
December 26 |
October 24 |
October 9 |
April 7 |
October 24 |
December 13 |
November 21 |
April 7 |
December 26 |
November 23 |
April 10 |
December 26 |
December 26 |
December 12 |
April 10 |
December 27 |
November 24 |
May 1 |
January 2 |
January 2 |
February 6 |
May 1 |
January 2 |
February 19 |
|
January 23 |
February 10 |
March 20 |
|
January 3 |
April 20 |
|
January 24 |
March 31 |
April 6 |
|
February 6 |
April 23 |
|
February 1 |
April 7 |
April 7 |
|
April 7 |
April 24 |
|
February 6 |
April 10 |
May 1 |
|
April 10 |
June 28 |
|
April 24 |
May 1 |
|
|
April 25 |
June 29 |
|
May 1 |
June 7 |
|
|
June 5 |
July 20 |
|
May 4 |
|
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|
July 14 |
September 28 |
|
June 5 |
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June 29 |
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July 19 |
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August 31 |
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September 28 |
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Panama |
Philippines |
Poland |
Qatar |
Romania |
Russia |
Saudi Arabia |
November 3 |
November 1 |
November 1 |
December 18 |
November 30 |
November 3 |
February 22 |
November 4 |
November 30 |
November 11 |
|
December 1 |
November 4 |
April 19 |
November 10 |
December 8 |
December 26 |
|
December 26 |
November 10 |
April 20 |
November 28 |
December 30 |
|
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|
November 28 |
April 23 |
December 8 |
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December 8 |
April 24 |
December 26 |
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December 20 |
April 25 |
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December 20 |
June 27 |
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December 26 |
June 28 |
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January 2 |
June 29 |
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January 9 |
July 2 |
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February 20 |
July 3 |
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April 6 |
September 24 |
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April 7 |
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May 1 |
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Serbia |
Singapore |
South Africa |
Spain |
Sri Lanka |
Sweden |
Switzerland |
November 11 |
October 24 |
December 16 |
December 26 |
October 10 |
December 26 |
December 26 |
December 30 |
December 26 |
December 26 |
April 7 |
October 24 |
January 6 |
January 2 |
January 2 |
January 2 |
January 2 |
April 10 |
November 7 |
April 7 |
April 7 |
January 3 |
January 23 |
March 21 |
May 1 |
December 7 |
April 10 |
April 10 |
February 15 |
January 24 |
April 7 |
|
December 26 |
May 1 |
May 1 |
February 16 |
April 7 |
April 10 |
|
January 6 |
May 18 |
May 18 |
April 14 |
May 1 |
April 27 |
|
January 16 |
June 6 |
May 29 |
April 17 |
June 29 |
May 1 |
|
March 6 |
June 23 |
August 1 |
May 1 |
August 9 |
June 16 |
|
April 5 |
|
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May 2 |
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August 9 |
|
April 7 |
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September 25 |
|
April 13 |
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April 14 |
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May 1 |
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May 5 |
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June 29 |
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July 3 |
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August 1 |
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August 30 |
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September 28 |
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September 29 |
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Taiwan |
Thailand |
Turkey |
Ukraine |
United Arab Emirates |
United Kingdom | |
October 10 |
October 13 |
April 21 |
October 14 |
December 1 |
|
December 26 |
January 2 |
October 14 |
May 1 |
December 26 |
December 2 |
|
December 27 |
January 18 |
October 24 |
May 19 |
December 30 |
April 20 |
|
January 2 |
January 19 |
December 5 |
June 28 |
January 2 |
April 21 |
|
April 7 |
January 20 |
December 12 |
June 29 |
January 3 |
June 27 |
|
April 10 |
January 23 |
January 2 |
June 30 |
January 9 |
June 28 |
|
May 1 |
January 24 |
March 6 |
August 30 |
March 8 |
June 29 |
|
|
January 25 |
April 6 |
|
April 17 |
June 30 |
|
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January 26 |
April 13 |
|
May 1 |
July 19 |
|
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January 27 |
April 14 |
|
May 8 |
September 27 |
|
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February 27 |
May 4 |
|
June 5 |
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February 28 |
June 5 |
|
June 28 |
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April 3 |
July 28 |
|
July 28 |
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April 4 |
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TITLE: |
Proxy Voting Policies and Procedures |
FOR: |
ProShare Advisors LLC ProFund Advisors LLC |
DATED: |
March 1, 2008 |
AS REVISED: |
May 1, 2015 |
Name |
Position and Office with Underwriter |
Positions and
Offices with
Registrant |
William M. Doran |
Director |
None |
Paul F. Klauder |
Director |
None |
Wayne M. Withrow |
Director |
None |
Kevin P. Barr |
President & Chief Executive Officer |
None |
Maxine J. Chou |
Chief Financial Officer, Chief Operations Officer & Treasurer |
None |
John C. Munch |
General Counsel & Secretary |
None |
Jennifer H. Campisi |
Chief Compliance Officer, Anti-Money Laundering Officer and Assistant Secretary |
None |
Mark J. Held |
Senior Vice President |
None |
Lori L. White |
Vice President & Assistant Secretary |
None |
John P. Coary |
Vice President and Assistant Secretary |
None |
Jason McGhin |
Vice President |
None |
Judith A. Rager |
Vice President |
None |
Gary Michael Reese |
Vice President |
None |
Robert M. Silvestri |
Vice President |
None |
ProShares Trust | |
By: |
/s/ Todd B. Johnson |
|
Todd B. Johnson President |
Signature |
Title |
Date |
/s/ Michael L. Sapir*
Michael L. Sapir |
Trustee, Chairman |
November 1, 2022 |
/s/ Russell S. Reynolds, III*
Russell S. Reynolds, III |
Trustee |
November 1, 2022 |
/s/ Michael C. Wachs*
Michael C. Wachs |
Trustee |
November 1, 2022 |
/s/ William D. Fertig*
William D. Fertig |
Trustee |
November 1, 2022 |
/s/ Todd B. Johnson
Todd B. Johnson |
President |
November 1, 2022 |
/s/ Maria Clem Sell
Maria Clem Sell |
Treasurer |
November 1, 2022 |
* By:/s/ Richard F. Morris
Richard F. Morris
As Attorney-in-fact
Date: November 1, 2022 |
|
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$IKK1[G10D]W(TS7L$KRL^!G+*XR,8/XFO7;,W-QIZ?VC;0PSNI$L M*2>:@]MQ R,>U<#H_A/Q%X"U*^'AR*TU/1;R3S197$YAD@;'\+X((Q@<\\#Z MT"+'A_P3K6G^+=8US4]2LC%JEN8[B"SC=%#<88;B<8P>_P#$:Y.PN?B!\,+< MZ>VD+K>A0L3%+""65"[,T]I, 1#*0"=HZ!21D8[YZ=**N^#_ Q) MH"ZG=W1A^W:I=-=3I;C]W'G.$4D G&3R>I/2B@#RCXS^!+R+5Y_%%DJR6 !].\$Z6;>U/G74N#<73##2$= !V4=A74444""BBB@ HHHH **** "BBB@ :HHHH **** "BBB@ HHHH **** "BBB@#_]D! end
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Label | Element | Value |
---|---|---|
Risk Return Abstract | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 485BPOS |
Period End Date | dei_DocumentPeriodEndDate | May 31, 2022 |
Registrant Name | dei_EntityRegistrantName | ProShares Trust |
CIK | dei_EntityCentralIndexKey | 0001174610 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Nov. 01, 2022 |
Document Effective Date | dei_DocumentEffectiveDate | Nov. 02, 2022 |
Prospectus Date | rr_ProspectusDate | Nov. 02, 2022 |
Entity Inv Company Type | dei_EntityInvCompanyType | N-1A |
ProShares S&P Global Core Battery Metals ETF | None | ||
Risk Return Abstract | rr_RiskReturnAbstract | |
Trading Symbol | dei_TradingSymbol | ION |
Label | Element | Value | ||
---|---|---|---|---|
Risk Return Abstract | rr_RiskReturnAbstract | |||
Registrant Name | dei_EntityRegistrantName | ProShares Trust | ||
Prospectus Date | rr_ProspectusDate | Nov. 02, 2022 | ||
ProShares S&P Global Core Battery Metals ETF | ||||
Risk Return Abstract | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | S&P Global Core Battery Metals ETF | ||
Objective [Heading] | rr_ObjectiveHeading | <span style="color:#000000;font-family:Arial;font-size:9.02pt;font-weight:bold;">Investment Objective</span> | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | ProShares S&P Global Core Battery Metals ETF (the “Fund”) seeks investment results, before fees and expenses, that track the performance of the S&P Global Core Battery Metals Index (the “Index”). | ||
Expense [Heading] | rr_ExpenseHeading | <span style="color:#000000;font-family:Arial;font-size:9.02pt;font-weight:bold;">Fees and Expenses of the Fund</span> | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0.0pt;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">(expenses that you pay each year as a percentage </span><span style="color:#000000;font-family:Arial;font-size:9pt;margin-left:0.0pt;">of the value of your investment)</span> | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | <span style="color:#000000;font-family:Arial;font-size:9.02pt;font-weight:bold;">Portfolio Turnover</span> | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund’s shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the example above, affect the Fund’s performance. Because the Fund is newly organized, portfolio turnover information is not yet available. | ||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | <span style="color:#000000;font-family:Arial;font-size:8pt;">“Other Expenses” are estimated.</span> | ||
Expense Example [Heading] | rr_ExpenseExampleHeading | <span style="color:#000000;font-family:Arial;font-size:9pt;font-weight:bold;margin-left:0%;">Example:</span> | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem or hold all of your shares at the end of each period. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your approximate costs would be: | ||
Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | The Fund pays transaction and financing costs associated with the purchase and sale of securities. These costs are not reflected in the table or the example above. | ||
Strategy [Heading] | rr_StrategyHeading | <span style="color:#000000;font-family:Arial;font-size:9.02pt;font-weight:bold;">Principal Investment Strategies</span> | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the Index.The Index, constructed and maintained by S&P Dow Jones Indices LLC, consists of companies engaged in the mining of lithium, nickel or cobalt—base metals used to produce batteries. The Index measures the performance of companies in the S&P Global Broad Market Index (a global total market index which includes small, mid, and large capitalization companies listed for trading in developed and emerging market countries) that are engaged in the mining of battery metals. The Index consists of companies that had (i) positive total revenue and (ii) positive production value from, in aggregate, the mining of lithium, nickel and cobalt during the previous year. Production value is the dollar market value of the lithium, nickel or cobalt produced. Companies in the Index may mine metals other than battery metals and may be engaged in other business activities in addition to mining. Companies in the Index are ranked based on the ratio of their production value relative to total revenue from all sources. Companies with higher ratios generally are weighted more heavily in the Index. In this manner, the Index composition emphasizes companies in which core battery metals production plays a relatively greater role in their overall operations. Companies in the Index also must meet certain minimum liquidity requirements, have a market capitalization of at least $100 million, and meet other Index requirements. The Index is reconstituted annually in July and reweighted quarterly in January, April, July, and October. As of October 24, 2022, the Index included companies domiciled in: Australia, South Africa, Indonesia, China, the United States and Canada, among others. The Index is published under the Bloomberg ticker symbol “SPGBMUN.”Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the securities that comprise the Index.The Fund will invest principally in the securities set forth below.•Equity Securities — The Fund invests in common stock issued by public companies.•Depositary Receipts — The Fund may invest in depositary receipts, which principally include:○American Depositary Receipts (ADRs), which represent the right to receive securities of foreign issuers deposited in a bank or trust company and are an alternative to purchasing the underlying securities in their national markets and currencies○Global Depositary Receipts (GDRs), which are receipts for shares in a foreign-based corporation traded in capital markets around the world.ProShare Advisors uses a mathematical approach to investing. Using this approach, ProShare Advisors determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with the Fund’s investment objective. The Fund may invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure with aggregate characteristics similar to those of the Index. In managing the assets of the Fund, ProShare Advisors does not invest the assets of the Fund in securities or financial instruments based on ProShare Advisors’ view of the investment merit of a particular security, instrument, or company, nor does it conduct conventional investment research or analysis or forecast market movement or trends. The Fund seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide exposure to the returns of the Index without regard to market conditions, trends or direction.The Fund will concentrate (i.e., invest in securities that represent 25 percent or more of the value of the Index) or focus (i.e., invest in securities that represent a substantial portion of its value, but less than 25 percent) its investments in a particular industry or group of industries, country or region to approximately the same extent the Index is so concentrated or focused. As of October 24, 2022, the Index was concentrated in the materials industry group and was focused in Australia.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details. | ||
Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | <span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:0%;">The Fund will concentrate (i.e., invest in securities that represent</span><span style="color:#000000;font-family:Arial;font-size:10pt;"> 25 percent or more of the value of the Index) or focus (i.e., invest in securities that represent a substantial portion of its value, but less than 25 percent) its investments in a particular industry or group of industries, country or region to approximately the same extent the Index is so concentrated or focused. </span> | ||
Risk [Heading] | rr_RiskHeading | <span style="color:#000000;font-family:Arial;font-size:9.02pt;font-weight:bold;">Principal Risks</span> | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | You could lose money by investing in the Fund.The principal risks described below are intended to provide information about the factors likely to have a significant adverse impact on the Fund’s returns and consequently the value of an investment in the Fund. The risks are presented in an order intended to facilitate readability and their order does not imply that the realization of one risk is more likely to occur than another risk or likely to have a greater adverse impact than another risk.•Battery Metals Investing Risk — Companies engaged in the battery metals mining industry are subject to the risks associated with mining activities. These risks include those related to changes in the price of battery metals, which may be the result of changing inflation expectations, currency fluctuations, speculation, and industrial, government and global consumer demand, among other factors. In addition, such companies may be particularly susceptible to disruptions in the supply chains and world events and economic conditions, including political risks of the countries where battery metals companies are located or do business. These companies may also face increased scrutiny from regulators and legislators considering the environmental impact of battery metal mining. Finally, mining companies often engage in significant amounts of spending on exploration and development of mineral deposits which may involve significant financial risks over longer periods of time.•Unrelated Business Lines Risk – Companies in the Index may have significant business lines that are not battery metals-related. These unrelated business lines may be a meaningful portion of a company’s current business, in terms of profit or revenue, for example, than the portion represented by the Index theme. Consequently, these unrelated business lines may have a significant impact on the performance of the company, the Index and the Fund. In particular, these unrelated business lines may cause the Fund to underperform investments that do not have exposure to unrelated business lines. For example, if an unrelated business line of a company underperforms its battery metals-related business line, it may negatively affect the performance of the company, the Index and the Fund.•Correlation Risk — A number of factors may affect the Fund’s ability to achieve a high degree of correlation with the Index, and there is no guarantee that the Fund will achieve a high degree of correlation. Failure to achieve a high degree of correlation may prevent the Fund from achieving its investment objective.Factors that may adversely affect the Fund’s correlation with the Index include fees, expenses, transaction costs, income items, valuation methodology, accounting standards and disruptions or illiquidity in the markets for the financial instruments in which the Fund invests. The Fund may not have investment exposure to all of the securities in the Index, or its weighting of investment exposure to securities may be different from that of the Index. In addition, the Fund may invest in securities not included in the Index. The Fund may take or refrain from taking positions in order to improve tax efficiency, comply with regulatory restrictions, or for other reasons, each of which may negatively affect the Fund’s correlation with the Index. The Fund may also be subject to large movements of assets into and out of the Fund, potentially resulting in the Fund being over- or underexposed to the Index and may be impacted by Index reconstitutions and Index rebalancing events. Additionally, the Fund’s underlying investments may trade on markets that may not be open on the same day as the Fund, which may cause a difference between the performance of the Fund and the performance of the Index on such day. Any of these factors could decrease correlation between the performance of the Fund and the Index and may hinder the Fund’s ability to meet its investment objective.•Foreign Investments/Emerging Market Risk — Exposure to securities of foreign issuers may provide the Fund with increased risk. Various factors related to foreign investments may negatively impact the Fund’s and the Index’s performance, such as: i) fluctuations in the value of the applicable foreign currency; ii) differences in securities settlement practices; iii) uncertainty associated with evidence of ownership of investments in countries that lack centralized custodial services; iv) possible regulation of, or other limitations on, investments by U.S. investors in foreign investments; v) potentially higher brokerage commissions; vi) the possibility that a foreign government may withhold portions of interest and dividends at the source; vii) taxation of income earned in foreign countries or other foreign taxes imposed; viii) foreign exchange controls, which may include suspension of the ability to transfer currency from a foreign country; ix) less publicly available information about foreign issuers; x) changes in the denomination currency of a foreign investment; and xi) less certain legal systems in which the Fund may encounter difficulties or be unable to pursue legal remedies. Foreign investments also may be more susceptible to political, social, economic and regional factors than may be the case with U.S. securities. In addition, markets for foreign investments are usually less liquid, more volatile and significantly smaller than markets for U.S. securities, which may affect, among other things, the Fund’s ability to purchase or sell foreign investments at appropriate times and prices. Because of differences in settlement times and/or foreign market holidays, transactions in a foreign market may take place one or more days after the necessary exposure to these investments is determined. Until the transactions are effected, the Fund is exposed to increased foreign currency risk and market risk and, ultimately, increased correlation risk.Because the Fund’s foreign investment exposure may include issuers domiciled in developing or “emerging market” countries, all the aforementioned factors are heightened and foreign investments risk is higher. Economic, business, political, or social instability may adversely affect the value of emerging market investments more acutely than investments tied to developed foreign countries. Furthermore any of these developments may result in a decline in the value of a country’s currency. Emerging markets are riskier than more developed markets because they may develop unevenly or may never fully develop. Investments in emerging markets are considered speculative.To the extent the Fund invests in China, those investments may be made through legal structures known as variable interest entities (“VIEs”). In China, ownership of companies in certain sectors by foreign individuals and entities (including U.S. persons and entities such as the Funds) is prohibited. In order to facilitate foreign investment in these businesses, many Chinese companies have created VIEs. In these arrangements, a China-based operating company typically establishes an offshore shell company in another jurisdiction, such as the Cayman Islands. That shell company enters into service and other contracts with the China-based operating company, then issues shares on a foreign exchange, such as the New York Stock Exchange. Foreign investors hold stock in the shell company (i.e., the U.S.-listed company) rather than directly in the China-based operating company. This arrangement allows U.S. investors to obtain economic exposure to the China-based company through contractual means rather than through formal equity ownership.Intervention by the Chinese government with respect to VIEs could significantly affect the Chinese operating company’s performance (and, in turn, the Fund’s performance) and the enforceability of the VIE’s contractual arrangements with the Chinese company.•Concentration and Focused Investing — The Index may concentrate (i.e., composed of securities that represent 25 percent or more of the value of the Index) or focus (i.e., composed of securities that represent a substantial portion of its value, but less than 25 percent) in an industry or group of industries. The Fund will allocate its investments to approximately the same extent as the Index. As a result, the Fund may be subject to greater market fluctuations than a fund that is more broadly invested across industries. Financial, economic, business, regulatory conditions, and other developments affecting issuers in a particular industry or group of industries will have a greater effect on the Fund, and if securities of the particular industry or group of industries fall out of favor, the Fund could underperform, or its net asset value may be more volatile than, funds that have greater industry diversification.○Materials Industry Risk — Companies in this sector may experience: adverse effects from commodity price volatility, exchange rates, import controls and increased competition; supply and demand issues; and risk for environmental damage and product liability claims.•Geographic Concentration Risk — Because the Fund focuses its investments in particular foreign countries or geographic regions, an investment in the Fund may be more volatile than a more geographically diversified fund. The performance of the Fund will be affected by the political, social and economic conditions in those foreign countries and geographic regions and subject to the related risks.○Australia Investments Risk – Investments in securities of issuers in Australia countries involve risks that are specific to Australia, including certain legal, regulatory, political and economic risks. The Australian economy is heavily dependent on exports from the certain commodity markets, including energy and mining sectors, and is vulnerable to price changes in commodity markets. In addition, Australia is dependent on trade and economic conditions in other countries can impact the Australian economy.•Small- and Mid-Cap Company Investment Risk — The risk of equity investing may be particularly acute for securities of issuers with smaller market capitalizations. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices. Additionally, small- and mid-cap company stocks may trade at greater spreads or lower trading volumes, and may be less liquid than the stocks of larger companies. Further, stocks of small- and mid-sized companies could be more difficult to liquidate during market downturns compared to larger, more widely traded companies.•Non-Diversification Risk — The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (“1940 Act”). This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers. This may increase the Fund’s volatility and increase the risk that the Fund’s performance will decline based on the performance of a single issuer.•Index Performance Risk — The Index is maintained by a third party provider unaffiliated with the Fund or ProShare Advisors. There can be no guarantee or assurance that the methodology used by the third party provider to create the Index will result in the Fund achieving positive returns. Further, there can be no guarantee that the methodology underlying the Index or the daily calculation of the Index will be free from error. It is also possible that the value of the Index may be subject to intentional manipulation by third-party market participants. The Index used by the Fund may underperform other asset classes and may underperform other similar indices. Each of these factors could have a negative impact on the performance of the Fund.•Market Price Variance Risk — Investors buy and sell Fund shares in the secondary market at market prices, which may be different from the NAV per share of the Fund (i.e., the secondary market price may trade at a price greater than NAV (a premium) or less than NAV (a discount)). The market price of the Fund’s shares will fluctuate in response to changes in the value of the Fund’s holdings, supply and demand for shares and other market factors. In addition, the instruments held by the Fund may be traded in markets on days and at times when the Fund’s listing exchange is closed for trading. As a result, the value of the Fund’s holdings may vary, perhaps significantly, on days and at times when investors are unable to purchase or sell Fund shares. ProShare Advisors cannot predict whether shares will trade above, below or at a price equal to the value of the Fund’s holdings.•Early Close/Late Close/Trading Halt Risk — An exchange or market may close early, close late or issue trading halts on specific securities or financial instruments. As a result, the ability to trade certain securities or financial instruments may be restricted, which may disrupt the Fund’s creation and redemption process, potentially affect the price at which the Fund’s shares trade in the secondary market, and/or result in the Fund being unable to trade certain securities or financial instruments at all. In these circumstances, the Fund may be unable to rebalance its portfolio, may be unable to accurately price its investments and/or may incur substantial trading losses. If trading in the Fund’s shares are halted, investors may be temporarily unable to trade shares of the Fund.•Liquidity Risk — In certain circumstances, such as the disruption of the orderly markets for the financial instruments in which the Fund invests, the Fund might not be able to acquire or dispose of certain holdings quickly or at prices that represent true market value in the judgment of ProShare Advisors. Markets for the financial instruments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, political crises, health crises, natural disasters, excessive volatility, new legislation, or regulatory changes inside or outside of the U.S. For example, regulation limiting the ability of certain financial institutions to invest in certain financial instruments would likely reduce the liquidity of those instruments. These situations may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.•New Fund Risk — The Fund recently commenced operations, has a limited operating history, and started operations with a small asset base. There can be no assurance that the Fund will be successful or grow to or maintain a viable size, that an active trading market for the Fund’s shares will develop or be maintained, or that the Fund’s shares’ listing will continue unchanged.•Portfolio Turnover Risk — The Fund may incur high portfolio turnover to manage the Fund’s investment exposure. Additionally, active market trading of the Fund’s shares may cause more frequent creation or redemption activities that could, in certain circumstances, increase the number of portfolio transactions. High levels of portfolio transactions increase brokerage and other transaction costs and may result in increased taxable capital gains. Each of these factors could have a negative impact on the performance of the Fund.•Tax Risk — In order to qualify for the special tax treatment accorded a regulated investment company (“RIC”) and its shareholders, the Fund must derive at least 90% of its gross income for each taxable year from “qualifying income,” meet certain asset diversification tests at the end of each taxable quarter, and meet annual distribution requirements. The Fund’s pursuit of its investment strategies will potentially be limited by the Fund’s intention to qualify for such treatment and could adversely affect the Fund’s ability to so qualify. The Fund may make certain investments, the treatment of which for these purposes is unclear. If, in any year, the Fund were to fail to qualify for the special tax treatment accorded a RIC and its shareholders, and were ineligible to or were not to cure such failure, the Fund would be taxed in the same manner as an ordinary corporation subject to U.S. federal income tax on all its income at the fund level. The resulting taxes could substantially reduce the Fund’s net assets and the amount of income available for distribution. In addition, in order to requalify for taxation as a RIC, the Fund could be required to recognize unrealized gains, pay substantial taxes and interest, and make certain distributions. Please see the section entitled “Taxation” in the Statement of Additional Information for more information.•Valuation Risk — In certain circumstances (e.g., if ProShare Advisors believes market quotations are not reliable, or a trading halt closes an exchange or market early), ProShare Advisors may, pursuant to procedures approved by the Board of Trustees of the Fund, choose to determine a fair value price as the basis for determining the value of such investment for such day. The fair value of an investment determined by ProShare Advisors may be different from other value determinations of the same investment. Portfolio investments that are valued using techniques other than market quotations, including “fair valued” investments, may be subject to greater fluctuation in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that the Fund could sell a portfolio investment for the value established for it at any time, and it is possible that the Fund would incur a loss because a portfolio investment is sold at a discount to its established value.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details. | ||
Risk Lose Money [Text] | rr_RiskLoseMoney | <span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">You could lose money by investing in the Fund.</span> | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | <span style="color:#000000;font-family:Arial;font-size:9.02pt;font-weight:bold;">Investment Results</span> | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance history will be available for the Fund after it has been in operation for a full calendar year. After the Fund has a full calendar year of performance information, performance information will be shown on an annual basis. | ||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | <span style="color:#000000;font-family:Arial;font-size:10pt;">After the Fund has a </span><span style="color:#000000;font-family:Arial;font-size:10pt;">full calendar year of performance information, performance information will be shown on an annual basis.</span> | ||
ProShares S&P Global Core Battery Metals ETF | None | ||||
Risk Return Abstract | rr_RiskReturnAbstract | |||
Management Fees | rr_ManagementFeesOverAssets | 0.58% | ||
Other Expenses | rr_OtherExpensesOverAssets | none | [1] | |
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.58% | ||
1 Year | rr_ExpenseExampleYear01 | $ 59 | ||
3 Years | rr_ExpenseExampleYear03 | $ 186 | ||
|
Label | Element | Value |
---|---|---|
Risk Return Abstract | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | ProShares Trust |
Prospectus Date | rr_ProspectusDate | Nov. 02, 2022 |
Document Creation Date | dei_DocumentCreationDate | Nov. 01, 2022 |
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