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      <invstOrSec>
        <name>Carlisle Cos., Inc.</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
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      <invstOrSec>
        <name>Casey's General Stores, Inc.</name>
        <lei>549300CAFWSI86V66Q65</lei>
        <title>Casey's General Stores, Inc.</title>
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      <invstOrSec>
        <name>Chemed Corp.</name>
        <lei>54930020031IDJT2IM79</lei>
        <title>Chemed Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Churchill Downs, Inc.</name>
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      <invstOrSec>
        <name>Commerce Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CubeSmart</name>
        <lei>N/A</lei>
        <title>CubeSmart</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Cullen/Frost Bankers, Inc.</name>
        <lei>529900V2E9G9AY665O34</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>DT Midstream, Inc.</name>
        <lei>N/A</lei>
        <title>DT Midstream, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Donaldson Co., Inc.</name>
        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
        <title>Donaldson Co., Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Repurchase Agreement</name>
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        <name>Repurchase Agreement</name>
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        <name>Repurchase Agreement</name>
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        <name>EastGroup Properties, Inc.</name>
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        <name>Ensign Group, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Equity LifeStyle Properties, Inc.</name>
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        <name>Essential Utilities, Inc.</name>
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        <name>Evercore, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First American Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First Financial Bankshares, Inc.</name>
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        <name>Flowers Foods, Inc.</name>
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        <name>GATX Corp.</name>
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        <title>GATX Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Graco, Inc.</name>
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        <title>Graco, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Hanover Insurance Group, Inc. (The)</name>
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        <title>Hanover Insurance Group, Inc. (The)</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Home BancShares, Inc.</name>
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        <title>Home BancShares, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>IDACORP, Inc.</name>
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        <name>Ingredion, Inc.</name>
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        <title>Ingredion, Inc.</title>
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        <name>International Bancshares Corp.</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>International Bancshares Corp.</title>
        <cusip>459044103</cusip>
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        <name>Marzetti Co. (The)</name>
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        <title>Marzetti Co. (The)</title>
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        <name>Lincoln Electric Holdings, Inc.</name>
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        <name>Lithia Motors, Inc.</name>
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        <name>Littelfuse, Inc.</name>
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        <title>Littelfuse, Inc.</title>
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        <name>MSA Safety, Inc.</name>
        <lei>529900DVA3258XK11O39</lei>
        <title>MSA Safety, Inc.</title>
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        <name>National Fuel Gas Co.</name>
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        <title>National Fuel Gas Co.</title>
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        <name>NNN REIT, Inc.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT, Inc.</title>
        <cusip>637417106</cusip>
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        <invCountry>US</invCountry>
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        <name>New Jersey Resources Corp.</name>
        <lei>549300QKBSQBIX4DQ583</lei>
        <title>New Jersey Resources Corp.</title>
        <cusip>646025106</cusip>
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        <invCountry>US</invCountry>
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        <name>Northwestern Energy Group, Inc.</name>
        <lei>254900N1WG46G1VMDM34</lei>
        <title>Northwestern Energy Group, Inc.</title>
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        <name>OGE Energy Corp.</name>
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      <invstOrSec>
        <name>Old Republic International Corp.</name>
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        <name>ONE Gas, Inc.</name>
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        <name>Polaris, Inc.</name>
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        <name>Portland General Electric Co.</name>
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        <name>Primerica, Inc.</name>
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        <name>Prosperity Bancshares, Inc.</name>
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        <name>RB Global, Inc.</name>
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        <name>RLI Corp.</name>
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        <name>RPM International, Inc.</name>
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        <name>Reinsurance Group of America, Inc.</name>
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        <name>Reliance, Inc.</name>
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        <name>Royal Gold, Inc.</name>
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        <name>Ryder System, Inc.</name>
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        <name>SEI Investments Co.</name>
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        <name>Service Corp. International</name>
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        <name>Silgan Holdings, Inc.</name>
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        <name>Sonoco Products Co.</name>
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        <name>Spire, Inc.</name>
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        <name>Thor Industries, Inc.</name>
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        <name>Toro Co. (The)</name>
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        <name>UMB Financial Corp.</name>
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        <name>United Bankshares, Inc.</name>
        <lei>5299005O3BAMJ9Z92V62</lei>
        <title>United Bankshares, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unum Group</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
        <cusip>91529Y106</cusip>
        <identifiers>
          <isin value="US91529Y1064"/>
        </identifiers>
        <balance>334366.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23984073.18000000</valUSD>
        <pctVal>1.357746464322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westlake Corp.</name>
        <lei>GOXNEVUM0LL78B1OS344</lei>
        <title>Westlake Corp.</title>
        <cusip>960413102</cusip>
        <identifiers>
          <isin value="US9604131022"/>
        </identifiers>
        <balance>295868.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31178569.84000000</valUSD>
        <pctVal>1.765029344480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RenaissanceRe Holdings Ltd.</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
        <title>RenaissanceRe Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG7496G1033"/>
        </identifiers>
        <balance>93507.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28282127.22000000</valUSD>
        <pctVal>1.601060751786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Each Repurchase Agreement was fully collateralized which had an aggregate value at the Trust level." noteItem="C.10.f.iii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>ProShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Maria Clem Sell</ncom:signature>
      <ncom:signerName>Maria Clem Sell</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>