ProShares K-1 Free Crude Oil ETF (OILK)

The Crude Oil Strategy K-1 Free ETF (OILK) is an exchange-traded fund that seeks to provide investors with exposure to crude oil prices. The ETF is designed to track the performance of the S&P GSCI Crude Oil Enhanced Roll Index, which seeks to provide exposure to the price of WTI crude oil futures contracts.

The OILK ETF was launched in 2017 and is traded on the NYSE Arca under the ticker symbol OILK. The ETF is designed to track the S&P GSCI Crude Oil Enhanced Roll Index, which seeks to provide exposure to the price of WTI crude oil futures contracts.

The index uses a rules-based methodology to select and roll over WTI crude oil futures contracts. The index seeks to mitigate the negative impact of contango, which is a market condition where futures contracts with later expiration dates trade at a higher price than contracts with earlier expiration dates. The index does this by selecting contracts with the lowest implied cost of carry and rolling over contracts on a monthly basis.

The OILK ETF aims to provide investors with exposure to crude oil prices without the tax complexities associated with direct investments in futures contracts. The ETF is structured as a Regulated Investment Company (RIC) and is designed to be K-1 free, meaning that investors do not need to deal with the tax implications of K-1 forms when investing in the ETF.

The fund has a diversified portfolio of holdings, with the top 10 holdings comprising approximately 75% of the portfolio. Some of the top holdings include WTI crude oil futures contracts and cash and cash equivalents.

Investing in the OILK ETF involves significant risks, including the risk of volatility in crude oil prices, the risk of regulatory changes that may impact the oil industry, and the risk of changes in the creditworthiness of the counterparties involved in the ETF.

The Crude Oil Strategy K-1 Free ETF seeks to provide investors with exposure to crude oil prices by tracking the S&P GSCI Crude Oil Enhanced Roll Index, which seeks to provide exposure to the price of WTI crude oil futures contracts. The ETF is designed to be K-1 free, and investors do not need to deal with the tax implications of K-1 forms when investing in the ETF.