0002071691-26-009262.txt : 20260424 0002071691-26-009262.hdr.sgml : 20260424 20260424144320 ACCESSION NUMBER: 0002071691-26-009262 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20260228 FILED AS OF DATE: 20260424 DATE AS OF CHANGE: 20260424 PERIOD START: 20260531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROSHARES TRUST CENTRAL INDEX KEY: 0001174610 ORGANIZATION NAME: EIN: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21114 FILM NUMBER: 26892982 BUSINESS ADDRESS: STREET 1: 7272 WISCONSIN AVENUE STREET 2: 21ST FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 240-497-6400 MAIL ADDRESS: STREET 1: 7272 WISCONSIN AVENUE STREET 2: 21ST FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: XTRASHARES TRUST DATE OF NAME CHANGE: 20030409 FORMER COMPANY: FORMER CONFORMED NAME: PROFUNDS ETF TRUST DATE OF NAME CHANGE: 20020531 0001174610 S000059656 ProShares Long Online/Short Stores Retail ETF C000195298 ProShares Long Online/Short Stores Retail ETF CLIX NPORT-P 1 primary_doc.xml NPORT-P false 0001174610 XXXXXXXX S000059656 C000195298 ProShares Trust 811-21114 0001174610 5493005D9DS7C1P5AM59 7272 Wisconsin Avenue Bethesda 20814 240-497-6400 ProShares Long Online/Short Stores ETF S000059656 549300QP6J13R5VAMZ44 2026-05-31 2026-02-28 N 7513394.57 748490.92 6764903.65 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 671844.12000000 N ProShares Long Online/Short Stores Index PSCLIXPR Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd. 01609W102 3416.00000000 NS USD 492279.76000000 7.276966317177 Long EC CORP KY N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 6635.00000000 NS USD 1393350.00000000 20.59674567574 Long EC CORP US N 1 N N N Buckle, Inc. (The) 5299007IU0461T3GDL34 Buckle, Inc. (The) 118440106 5748.00000000 NS USD 307805.40000000 4.550033761382 Long EC CORP US N 1 N N N Carvana Co. 5493003WEAK2PJ5WS063 Carvana Co., Class A 146869102 828.00000000 NS USD 276684.48000000 4.089998827995 Long EC CORP US N 1 N N N Chewy, Inc. 254900NPQSTG9I422879 Chewy, Inc., Class A 16679L109 9452.00000000 NS USD 259173.84000000 3.831153456265 Long EC CORP US N 1 N N N Coupang, Inc. 549300XR4L1D80AK4W76 Coupang, Inc. 22266T109 15141.00000000 NS USD 288890.28000000 4.270427118352 Long EC CORP US N 1 N N N Repurchase Agreement N/A Repurchase Agreement 000000000 82212.89999999 PA USD 82212.89999999 1.215285601295 Long RA CORP US N 2 Repurchase N 3.40000000 2026-03-02 82212.90000000 USD 83857.16110000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 82212.89999999 PA USD 82212.89999999 1.215285601295 Long RA CORP US N 2 Repurchase N 3.66000000 2026-03-02 82212.90000000 USD 83857.16110000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 49327.74000000 PA USD 49327.74000000 0.729171360777 Long RA CORP US N 2 Repurchase N 3.67000000 2026-03-02 49327.74000000 USD 50314.30780000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 165896.56000000 PA USD 165896.56000000 2.452312236553 Long RA CORP US N 2 Repurchase N 3.65000000 2026-03-02 165896.56000000 USD 169266.07230000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 49327.74000000 PA USD 49327.74000000 0.729171360777 Long RA CORP US N 2 Repurchase N 3.66000000 2026-03-02 49327.74000000 USD 50329.64790000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 32885.16000000 PA USD 32885.16000000 0.486114240518 Long RA CORP US N 2 Repurchase N 3.55000000 2026-03-02 32885.16000000 USD 33542.99920000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 41106.44999999 PA USD 41106.44999999 0.607642800647 Long RA CORP US N 2 Repurchase N 3.52000000 2026-03-02 41106.45000000 USD 41940.89300000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 16442.58000000 PA USD 16442.58000000 0.243057120259 Long RA CORP US N 2 Repurchase N 3.00000000 2026-03-02 16442.58000000 USD 16771.44880000 USD UST N N N Repurchase Agreement N/A Repurchase Agreement 000000000 32885.16000000 PA USD 32885.16000000 0.486114240518 Long RA CORP US N 2 Repurchase N 3.25000000 2026-03-02 32885.16000000 USD 33542.87030000 USD UST N N N eBay, Inc. OML71K8X303XQONU6T67 eBay, Inc. 278642103 4920.00000000 NS USD 447031.20000000 6.608094115279 Long EC CORP US N 1 N N N Etsy, Inc. 54930089Q7XT501AEA40 Etsy, Inc. 29786A106 4878.00000000 NS USD 267704.64000000 3.957257247854 Long EC CORP US N 1 N N N Figs, Inc. N/A Figs, Inc., Class A 30260D103 24529.00000000 NS USD 378973.05000000 5.602046527299 Long EC CORP US N 1 N N N JD.com, Inc. 549300HVTWB0GJZ16V92 JD.com, Inc. 47215P106 5310.00000000 NS USD 140874.30000000 2.082428771916 Long EC CORP KY N 1 N N N MercadoLibre, Inc. 549300DKPDN9M5S8GB14 MercadoLibre, Inc. 58733R102 110.00000000 NS USD 193333.80000000 2.857894361880 Long EC CORP US N 1 N N N Bed Bath & Beyond, Inc. 549300ACR0DL9U7EI710 Bed Bath & Beyond, Inc. 690370101 41976.00000000 NS USD 223732.08000000 3.307247103216 Long EC CORP US N 1 N N N Ozon Holdings plc 213800GXSI7E5V776B13 Ozon Holdings plc 69269L104 3471.00000000 NS USD 0.00000000 0.000000 Long EC CORP CY N 3 N N N PDD Holdings, Inc. 5493000573DS7005T657 PDD Holdings, Inc. 722304102 2783.00000000 NS USD 288680.59000000 4.267327443754 Long EC CORP KY N 1 N N N Revolve Group, Inc. N/A Revolve Group, Inc., Class A 76156B107 9665.00000000 NS USD 243171.40000000 3.594602563186 Long EC CORP US N 1 N N N Sea Ltd. 529900OM6JLLW44YKI15 Sea Ltd. 81141R100 1542.00000000 NS USD 167229.90000000 2.472021903815 Long EC CORP KY N 1 N N N Wayfair, Inc. 54930027N9ZAVYFDHK53 Wayfair, Inc., Class A 94419L101 2679.00000000 NS USD 204488.07000000 3.022778750145 Long EC CORP US N 1 N N N N/A N/A Total Return Swap N/A 86.00000000 NC USD -7411.91000000 -0.10956416208 N/A DE US N 2 BNP Paribas SA R0MUWSFPU8MPRO8K5P83 ProShares Long Online/Short Stores Index PSONLINP Y 2027-04-15 0.00000000 USD 0.00000000 USD 192777.60000000 USD -7411.91000000 N N N N/A N/A Total Return Swap N/A 8.00000000 NC USD 2286.36000000 0.033797377143 N/A DE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 ProShares Long Online/Short Stores Index PSONLINP Y 2026-11-06 0.00000000 USD 0.00000000 USD 17932.80000000 USD 2286.36000000 N N N N/A N/A Total Return Swap N/A 273.00000000 NC USD 261141.00000000 3.860232362659 N/A DE US N 2 Societe Generale O2RNE8IBXP4R0TD8PU41 ProShares Long Online/Short Stores Index PSONLINP Y 2026-11-06 0.00000000 USD 0.00000000 USD 461769.60000000 USD 261141.00000000 N N N N/A N/A Total Return Swap N/A 32.00000000 NC USD -8715.13000000 -0.12882859018 N/A DE US N 2 UBS AG 254900R882POXXVAK772 ProShares Long Online/Short Stores Index PSONLINP Y 2027-11-15 0.00000000 USD 0.00000000 USD 71731.20000000 USD -8715.13000000 N N N N/A N/A Total Return Swap N/A -1372.00000000 NC USD -453605.34000000 -6.70527421332 N/A DE US N 2 BNP Paribas SA R0MUWSFPU8MPRO8K5P83 Solactive-ProShares Bricks and Mortar Retail Store Index SOEMTYPR Y 2027-04-15 0.00000000 USD 0.00000000 USD -2697983.12000000 USD -453605.34000000 N N N N/A N/A Total Return Swap N/A -83.00000000 NC USD -14071.78000000 -0.20801153612 N/A DE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Solactive-ProShares Bricks and Mortar Retail Store Index SOEMTYPR Y 2026-11-06 0.00000000 USD 0.00000000 USD -163216.18000000 USD -14071.78000000 N N N N/A N/A Total Return Swap N/A -500.00000000 NC USD -261266.09000000 -3.86208146512 N/A DE US N 2 Societe Generale O2RNE8IBXP4R0TD8PU41 Solactive-ProShares Bricks and Mortar Retail Store Index SOEMTYPR Y 2027-03-08 0.00000000 USD 0.00000000 USD -527011.28000000 USD -261266.09000000 N N N GigaCloud Technology, Inc. N/A GigaCloud Technology, Inc., Class A N/A 7321.00000000 NS USD 324613.14000000 4.798488741225 Long EC CORP KY N 1 N N N Global-e Online Ltd. N/A Global-e Online Ltd. N/A 2683.00000000 NS USD 93824.51000000 1.386930470177 Long EC CORP IL N 1 N N N Oddity Tech Ltd. 254900QH12XZS53G0V57 Oddity Tech Ltd., Class A N/A 2772.00000000 NS USD 32626.44000000 0.482289795805 Long EC CORP IL N 1 N N N 2026-03-30 ProShares Trust Maria Clem Sell Maria Clem Sell Treasurer XXXX NPORT-EX 2 STRATEGIC.htm NPORT PART F
FEBRUARY
28,
2026
(Unaudited)
::
BIG
DATA
REFINERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
1
DAT
::
Investments
Shares
Value
Common
Stocks
—
99
.7
%
Electronic
Equipment,
Instruments
&
Components
—
7.5%
Vusion
1,104
$
155,886
Zebra
Technologies
Corp.,
Class
a
A*
1,152
258,002
413,888
Hotels,
Restaurants
&
Leisure
—
2.8%
Genius
Sports
Ltd.*
24,385
151,431
IT
Services
—
8.6%
MongoDB,
Inc.,
Class
a
A*
745
244,710
Snowflake,
Inc.,
Class
a
A*
1,334
224,659
469,369
Professional
Services
—
2.7%
Innodata,
Inc.(a)
3,364
148,588
Software
—
78.1%
AvePoint,
Inc.*
14,972
161,398
Braze,
Inc.,
Class
a
A*
8,741
165,992
Cellebrite
DI
Ltd.*
12,689
169,271
Cognyte
Software
Ltd.*
6,687
47,411
Commvault
Systems,
Inc.*
2,522
214,572
Confluent,
Inc.,
Class
a
A*
13,186
404,415
Datadog,
Inc.,
Class
a
A*
2,015
225,599
Dynatrace,
Inc.*
6,864
246,555
Elastic
NV*
4,086
212,758
Enghouse
Systems
Ltd.
4,740
61,507
Five9,
Inc.*
8,457
147,490
I3
Verticals,
Inc.,
Class
a
A*
2,520
56,398
InterDigital,
Inc.
859
314,849
Nice
Ltd.,
ADR(a)
2,925
340,031
Nutanix,
Inc.,
Class
a
A*
6,448
246,829
Palantir
Technologies,
Inc.,
Class
a
A*
1,679
230,342
Red
Violet,
Inc.*
1,260
54,571
Rubrik,
Inc.,
Class
a
A*
3,537
183,782
Investments
Shares
Value
Common
Stocks
(continued)
Strategy,
Inc.,
Class
a
A*
1,705
$
220,797
Teradata
Corp.*
10,120
318,679
Tyler
Technologies,
Inc.*
650
230,548
Weave
Communications,
Inc.*
7,519
37,896
4,291,690
Total
Common
Stocks
(Cost
$6,732,810)
5,474,966
Securities
Lending
Reinvestments
(b)
—
7
.1
%
Investment
Companies
—
7
.1
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$389,833)
389,833
389,833
Total
Investments
—
106.8%
(Cost
$7,122,643)
5,864,799
Liabilities
in
excess
of
other
assets
—
(6.8%)
(
371,076
)
Net
Assets
—
100.0%
$
5,493,723
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$488,459,
collateralized
in
the
form
of
cash
with
a
value
of
$389,833
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$119,390
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.63%
–
4.75%,
and
maturity
dates
ranging
from
December
31,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$509,223.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$389,833.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
Abbreviations
ADR
American
Depositary
Receipt
Big
Data
Refiners
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
82
.8
%
Israel
10
.1
%
France
2
.9
%
United
Kingdom
2
.8
%
Canada
1
.1
%
Other
a
0
.3
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
DECLINE
OF
THE
RETAIL
STORE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
2
EMTY
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
86
.4
%
Repurchase
Agreements
(a)
—
86
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$2,222,482
(Cost
$2,221,822)
$
2,221,822
$
2,221,822
Total
Investments
—
86.4%
(Cost
$2,221,822)
2,221,822
Other
assets
less
liabilities
—
13.6%
349,270
Net
Assets
—
100.0%
$
2,571,092
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Swap
Agreements
Decline
of
the
Retail
Store
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
140,856,394
3/8/2027
BNP
Paribas
3.99%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
244,543
)
2,488,148
11/6/2026
Goldman
Sachs
International
3.39%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
22,019
)
12,308,026
11/6/2026
Societe
Generale
3.39%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
47,157
)
5,069,436
11/15/2027
UBS
AG
4.04%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
14,200
)
160,722,004
(
327,919
)
Total
Unrealized
Depreciation
(
327,919
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
28,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
28,
2026
(Unaudited)
::
DJ
BROOKFIELD
GLOBAL
INFRASTRUCTURE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
3
TOLZ
::
Investments
Shares
Value
Common
Stocks
—
91
.2
%
Construction
&
Engineering
—
6.8%
Ferrovial
SE
49,037
$
3,659,624
Vinci
SA
51,111
8,500,281
12,159,905
Diversified
Telecommunication
Services
—
2.0%
Cellnex
Telecom
SA(a)
59,375
2,254,862
China
Tower
Corp.
Ltd.,
Class
a
H(a)
474,198
675,832
Helios
Towers
plc*
86,358
233,343
Infrastrutture
Wireless
Italiane
SpA(a)(b)
32,203
342,269
RAI
Way
SpA(a)
9,678
70,672
3,576,978
Electric
Utilities
—
11.1%
Edison
International
32,084
2,397,958
Elia
Group
SA/NV
5,080
809,141
Eversource
Energy
31,283
2,384,078
Exelon
Corp.
84,405
4,175,515
Fortis,
Inc.
51,182
2,944,358
Hydro
One
Ltd.(a)
32,074
1,378,379
PG&E
Corp.
183,626
3,488,894
Redeia
Corp.
SA(b)
41,243
766,566
Terna
-
Rete
Elettrica
Nazionale
142,469
1,717,082
20,061,971
Gas
Utilities
—
8.3%
APA
Group
137,922
903,000
Atmos
Energy
Corp.
13,385
2,500,184
Beijing
Enterprises
Holdings
Ltd.
48,586
218,604
Brookfield
Infrastructure
Corp.,
Class
a
A
12,033
600,206
Chesapeake
Utilities
Corp.
1,977
268,813
China
Gas
Holdings
Ltd.
293,402
303,776
China
Resources
Gas
Group
Ltd.
91,705
245,925
Enagas
SA
23,961
434,453
ENN
Energy
Holdings
Ltd.
74,721
657,106
Hong
Kong
&
China
Gas
Co.
Ltd.
1,095,888
1,065,995
Italgas
SpA
62,907
813,180
Kunlun
Energy
Co.
Ltd.
387,162
415,202
Naturgy
Energy
Group
SA
27,373
851,939
New
Jersey
Resources
Corp.
8,376
454,314
Northwest
Natural
Holding
Co.
3,477
184,420
ONE
Gas,
Inc.
5,003
437,462
Snam
SpA
207,591
1,616,458
Southwest
Gas
Holdings,
Inc.
5,357
472,327
Spire,
Inc.
4,922
450,905
Toho
Gas
Co.
Ltd.
8,975
323,448
Tokyo
Gas
Co.
Ltd.
32,315
1,584,245
Towngas
Smart
Energy
Co.
Ltd.(b)
115,622
57,490
14,859,452
Investments
Shares
Value
Common
Stocks
(continued)
Media
—
0.2%
Eutelsat
Communications
SACA*
38,376
$
102,253
SES
SA,
Class
a
A,
ADR
33,902
253,371
355,624
Multi-Utilities
—
15.6%
ACEA
SpA
4,323
134,444
CenterPoint
Energy,
Inc.
54,436
2,367,966
Consolidated
Edison,
Inc.
30,155
3,393,040
E.ON
SE
224,662
5,224,265
National
Grid
plc
502,396
9,417,821
NiSource,
Inc.
39,789
1,882,020
Northwestern
Energy
Group,
Inc.
5,137
359,384
Sempra
54,529
5,249,507
Unitil
Corp.
1,506
78,779
28,107,226
Oil,
Gas
&
Consumable
Fuels
—
28.6%
Antero
Midstream
Corp.
27,798
624,899
Cheniere
Energy,
Inc.
17,982
4,238,897
DT
Midstream,
Inc.
8,478
1,177,086
Enbridge,
Inc.
220,848
11,733,334
Friedrich
Vorwerk
Group
SE
635
60,325
Gibson
Energy,
Inc.
16,649
357,745
Hess
Midstream
LP,
Class
a
A
10,789
417,319
Keyera
Corp.
23,292
888,957
Kinder
Morgan,
Inc.
163,565
5,441,808
Koninklijke
Vopak
NV
5,737
314,809
ONEOK,
Inc.
52,570
4,351,219
Pembina
Pipeline
Corp.
58,836
2,585,842
South
Bow
Corp.
21,175
680,866
Targa
Resources
Corp.
17,934
4,228,837
TC
Energy
Corp.
105,369
6,770,714
Williams
Cos.,
Inc.
(The)
102,028
7,623,532
51,496,189
Specialized
REITs
—
7.0%
American
Tower
Corp.,
REIT
39,112
7,504,028
Crown
Castle,
Inc.,
REIT
36,382
3,257,644
SBA
Communications
Corp.,
Class
a
A,
REIT
8,884
1,787,106
12,548,778
Transportation
Infrastructure
—
7.0%
Aena
SME
SA(a)
74,425
2,345,375
Aeroports
de
Paris
SA
3,935
550,512
Anhui
Expressway
Co.
Ltd.,
Class
a
H
40,825
72,274
Atlas
Arteria
Ltd.
106,283
363,054
Auckland
International
Airport
Ltd.
172,223
946,301
Beijing
Capital
International
Airport
Co.
Ltd.,
Class
a
H(b)
190,970
57,120
China
Merchants
Port
Holdings
Co.
Ltd.
119,443
266,874
Corp.
America
Airports
SA*
3,142
89,547
COSCO
SHIPPING
Ports
Ltd.
137,784
114,300
DJ
BROOKFIELD
GLOBAL
INFRASTRUCTURE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
4
TOLZ
::
Investments
Shares
Value
Common
Stocks
(continued)
Flughafen
Zurich
AG
(Registered)
1,923
$
660,301
Fraport
AG
Frankfurt
Airport
Services
Worldwide*
3,193
314,090
Getlink
SE
31,859
693,413
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV,
ADR
3,406
416,077
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV,
ADR
4,123
1,075,114
Grupo
Aeroportuario
del
Sureste
SAB
de
CV,
ADR
1,736
624,387
Hutchison
Port
Holdings
Trust,
Class
a
U
513,400
115,515
Japan
Airport
Terminal
Co.
Ltd.
9,477
323,698
Jiangsu
Expressway
Co.
Ltd.,
Class
a
H
124,180
161,586
Shenzhen
Expressway
Corp.
Ltd.,
Class
a
H
61,516
56,457
Transurban
Group
315,387
3,218,544
Westshore
Terminals
Investment
Corp.
3,269
76,689
12,541,228
Water
Utilities
—
4.6%
American
States
Water
Co.
3,228
240,583
American
Water
Works
Co.,
Inc.
16,270
2,213,208
Beijing
Enterprises
Water
Group
Ltd.
418,573
151,413
California
Water
Service
Group
4,999
225,355
China
Water
Affairs
Group
Ltd.
77,691
52,235
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP,
ADR
47,652
1,430,037
Consolidated
Water
Co.
Ltd.
1,265
47,880
Essential
Utilities,
Inc.
23,595
943,092
H2O
America
2,779
149,482
Pennon
Group
plc
47,967
387,856
Severn
Trent
plc
26,828
1,185,876
United
Utilities
Group
plc
69,047
1,296,203
8,323,220
Total
Common
Stocks
(Cost
$144,567,476)
164,030,571
Master
Limited
Partnerships
—
8
.0
%
Multi-Utilities
—
0.5%
Brookfield
Infrastructure
Partners
LP
22,840
891,674
Oil,
Gas
&
Consumable
Fuels
—
7.5%
Cheniere
Energy
Partners
LP
3,250
199,225
Energy
Transfer
LP
263,897
4,971,820
Enterprise
Products
Partners
LP
121,093
4,376,301
Genesis
Energy
LP
9,340
168,680
MPLX
LP
31,377
1,849,360
Plains
All
American
Pipeline
LP
38,824
811,810
Plains
GP
Holdings
LP
Class
A
16,500
371,910
Western
Midstream
Partners
LP
19,731
820,612
13,569,718
Total
Master
Limited
Partnerships
(Cost
$12,004,118)
14,461,392
Investments
Shares
Value
Closed
End
Funds
—
0
.4
%
Capital
Markets
—
0.4%
3i
Infrastructure
plc
66,541
$
322,827
Hicl
Infrastructure
plc
194,653
324,757
Total
Closed
End
Funds
(Cost
$682,746)
647,584
Securities
Lending
Reinvestments
(c)
—
0
.4
%
Investment
Companies
—
0
.4
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$790,086)
790,086
790,086
Principal
Amount
Short-Term
Investments
—
0
.3
%
Repurchase
Agreements
(e)
—
0
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$629,520
(Cost
$629,335)
$
629,335
629,335
Total
Investments
—
100.3%
(Cost
$158,673,761)
180,558,968
Liabilities
in
excess
of
other
assets
—
(0.3%)
(
619,050
)
Net
Assets
—
100.0%
$
179,939,918
*
Non-income
producing
security.
(a)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$1,166,211,
collateralized
in
the
form
of
cash
with
a
value
of
$790,086
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$423,755
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
4.88%,
and
maturity
dates
ranging
from
October
29,
2026
–
August
15,
2055.
The
total
value
of
collateral
is
$1,213,841.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$790,086.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
DJ
BROOKFIELD
GLOBAL
INFRASTRUCTURE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
5
TOLZ
::
DJ
Brookfield
Global
Infrastructure
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
49
.3
%
Canada
16
.1
%
United
Kingdom
7
.3
%
Spain
5
.7
%
France
5
.5
%
Germany
3
.1
%
Italy
2
.6
%
Australia
2
.5
%
China
1
.5
%
Japan
1
.2
%
Mexico
1
.2
%
Hong
Kong
1
.1
%
Brazil
0
.8
%
New
Zealand
0
.5
%
Belgium
0
.4
%
Switzerland
0
.4
%
Netherlands
0
.2
%
Luxembourg
0
.1
%
Singapore
0
.1
%
Other
a
0
.4
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
EQUITIES
FOR
RISING
RATES
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
6
EQRR
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Aerospace
&
Defense
—
1.2%
Curtiss-Wright
Corp.
185
$
129,561
Banks
—
3.4%
JPMorgan
Chase
&
Co.
638
191,592
Wells
Fargo
&
Co.
2,189
178,294
369,886
Building
Products
—
1.1%
Carlisle
Cos.,
Inc.
314
123,958
Capital
Markets
—
7.1%
Ameriprise
Financial,
Inc.
415
195,100
Interactive
Brokers
Group,
Inc.,
Class
a
A
3,156
224,675
LPL
Financial
Holdings,
Inc.
560
168,213
Raymond
James
Financial,
Inc.
1,263
193,340
781,328
Consumer
Finance
—
0.8%
Synchrony
Financial
1,214
83,900
Electrical
Equipment
—
4.4%
AMETEK,
Inc.
500
119,610
Eaton
Corp.
plc
324
121,798
Vertiv
Holdings
Co.,
Class
a
A
933
237,813
479,221
Energy
Equipment
&
Services
—
7.8%
Baker
Hughes
Co.,
Class
a
A
6,913
451,142
Halliburton
Co.
11,195
403,020
854,162
Entertainment
—
4.6%
Live
Nation
Entertainment,
Inc.*
1,788
289,906
Take-Two
Interactive
Software,
Inc.*
1,019
215,498
505,404
Financial
Services
—
1.3%
Apollo
Global
Management,
Inc.
1,405
146,963
Ground
Transportation
—
2.2%
Uber
Technologies,
Inc.*
3,210
242,098
Hotels,
Restaurants
&
Leisure
—
7.0%
Booking
Holdings,
Inc.
48
203,489
Marriott
International,
Inc.,
Class
a
A
827
282,611
Royal
Caribbean
Cruises
Ltd.
912
283,595
769,695
Insurance
—
5.1%
American
International
Group,
Inc.
2,415
194,383
MetLife,
Inc.
2,599
187,310
Investments
Shares
Value
Common
Stocks
(continued)
Prudential
Financial,
Inc.
1,832
$
180,232
561,925
Machinery
—
4.4%
Cummins,
Inc.
202
117,942
Ingersoll
Rand,
Inc.
1,285
120,970
Parker-Hannifin
Corp.
118
119,083
Westinghouse
Air
Brake
Technologies
Corp.
477
125,904
483,899
Media
—
1.8%
Fox
Corp.,
Class
a
A
3,512
197,866
Oil,
Gas
&
Consumable
Fuels
—
28.2%
Chevron
Corp.
2,087
389,768
ConocoPhillips
3,418
387,806
Coterra
Energy,
Inc.
12,138
371,302
Devon
Energy
Corp.
8,776
382,019
Diamondback
Energy,
Inc.
2,141
372,705
EOG
Resources,
Inc.
3,025
375,342
Occidental
Petroleum
Corp.
7,856
416,997
Valero
Energy
Corp.
1,909
390,658
3,086,597
Passenger
Airlines
—
7.3%
Delta
Air
Lines,
Inc.
3,682
241,907
Southwest
Airlines
Co.
6,320
311,323
United
Airlines
Holdings,
Inc.*
2,286
243,002
796,232
Professional
Services
—
1.0%
Jacobs
Solutions,
Inc.
771
106,290
Semiconductors
&
Semiconductor
Equipment
—
1.7%
Microchip
Technology,
Inc.
2,411
179,957
Software
—
6.6%
AppLovin
Corp.,
Class
a
A*
218
94,780
Crowdstrike
Holdings,
Inc.,
Class
a
A*
325
120,893
Datadog,
Inc.,
Class
a
A*
1,132
126,739
Fortinet,
Inc.*
1,918
151,580
Palo
Alto
Networks,
Inc.*
832
123,901
Zscaler,
Inc.*
679
99,806
717,699
Technology
Hardware,
Storage
&
Peripherals
—
2.8%
Dell
Technologies,
Inc.,
Class
a
C
1,211
179,325
HP,
Inc.
6,727
127,746
307,071
Total
Common
Stocks
(Cost
$9,875,228)
10,923,712
FEBRUARY
28,
2026
(Unaudited)
::
EQUITIES
FOR
RISING
RATES
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
7
EQRR
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(a)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$6,974
(Cost
$6,973)
$
6,973
$
6,973
Total
Investments
—
99.9%
(Cost
$9,882,201)
10,930,685
Other
assets
less
liabilities
—
0.1%
15,085
Net
Assets
—
100.0%
$
10,945,770
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
GLOBAL
LISTED
PRIVATE
EQUITY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
8
PEX
::
Investments
Shares
Value
Common
Stocks
—
87
.6
%
Capital
Markets
—
68.3%
3i
Group
plc
26,745
$
1,197,345
Ares
Capital
Corp.
56,913
1,059,720
Barings
BDC,
Inc.
16,552
139,699
Capital
Southwest
Corp.
10,164
222,287
Chrysalis
Investments
Ltd.*
82,022
101,141
FS
KKR
Capital
Corp.
36,071
389,567
Gimv
NV
4,291
237,795
Goldman
Sachs
BDC,
Inc.
19,574
177,340
Golub
Capital
BDC,
Inc.
38,408
460,512
Hercules
Capital,
Inc.
28,335
402,640
Main
Street
Capital
Corp.(a)
14,873
844,786
MidCap
Financial
Investment
Corp.
16,431
159,052
Molten
Ventures
plc*
29,134
181,393
New
Mountain
Finance
Corp.
16,513
126,325
Oaktree
Specialty
Lending
Corp.
15,666
177,652
Onex
Corp.
9,755
725,376
Prospect
Capital
Corp.
62,106
168,928
Ratos
AB,
Class
a
B
32,779
136,234
Sixth
Street
Specialty
Lending,
Inc.
17,152
297,073
SLR
Investment
Corp.
8,146
117,465
7,322,330
Financial
Services
—
19.3%
Eurazeo
SE
7,905
465,346
Kinnevik
AB,
Class
a
B*
42,963
303,819
Sofina
SA
2,885
858,365
Wendel
SE
4,208
441,778
2,069,308
Total
Common
Stocks
(Cost
$10,576,930)
9,391,638
Closed
End
Funds
—
11
.8
%
Capital
Markets
—
11.8%
HBM
Healthcare
Investments
AG
Class
A
991
286,144
HgCapital
Trust
plc(a)
75,907
407,138
NB
Private
Equity
Partners
Ltd.
7,310
140,874
Oakley
Capital
Investments
Ltd.
24,096
160,092
Partners
Group
Private
Equity
Ltd.
10,768
122,400
Syncona
Ltd.*
109,910
142,492
Total
Closed
End
Funds
(Cost
$1,205,510)
1,259,140
Securities
Lending
Reinvestments
(b)
—
12
.4
%
Investment
Companies
—
12
.4
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$1,334,884)
1,334,884
1,334,884
Investments
Principal
Amount
Value
Short-Term
Investments
—
0
.6
%
Repurchase
Agreements
(d)
—
0
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$66,063
(Cost
$66,043)
$
66,043
$
66,043
Total
Investments
—
112.4%
(Cost
$13,183,367)
12,051,705
Liabilities
in
excess
of
other
assets
—
(12.4%)
(
1,326,866
)
Net
Assets
—
100.0%
$
10,724,839
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$1,247,003,
collateralized
in
the
form
of
cash
with
a
value
of
$1,334,884
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$1,334,884.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
28,
2026
(Unaudited)
::
GLOBAL
LISTED
PRIVATE
EQUITY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
9
PEX
::
Global
Listed
Private
Equity
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
44
.2
%
United
Kingdom
22
.9
%
Belgium
10
.2
%
France
8
.5
%
Canada
6
.8
%
Sweden
4
.1
%
Switzerland
2
.7
%
Other
a
0
.6
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
10
HDG
::
Investments
Shares
Value
Common
Stocks
—
12
.7
%
Aerospace
&
Defense
—
0.4%
AAR
Corp.*
40
$
4,687
AeroVironment,
Inc.*
39
9,838
AerSale
Corp.*
33
257
AIRO
Group
Holdings,
Inc.*
8
78
Archer
Aviation,
Inc.,
Class
a
A*
647
4,607
Astronics
Corp.*
31
2,499
Byrna
Technologies,
Inc.*
19
243
Cadre
Holdings,
Inc.
29
1,287
Ducommun,
Inc.*
14
1,730
Eve
Holding,
Inc.*
98
294
Firefly
Aerospace,
Inc.*
22
424
Intuitive
Machines,
Inc.*
112
1,846
Kratos
Defense
&
Security
Solutions,
Inc.*
171
14,737
Mercury
Systems,
Inc.*
53
4,719
Moog,
Inc.,
Class
a
A
29
9,785
National
Presto
Industries,
Inc.
5
660
Park
Aerospace
Corp.
19
502
Red
Cat
Holdings,
Inc.*
105
1,223
Redwire
Corp.*
75
680
Satellogic,
Inc.,
Class
a
A*
86
258
V2X,
Inc.*
24
1,674
Voyager
Technologies,
Inc.,
Class
a
A*
14
374
VSE
Corp.
28
6,358
68,760
Air
Freight
&
Logistics
—
0.0%(a)
Arrive
AI,
Inc.*
3
3
Forward
Air
Corp.*
22
556
Hub
Group,
Inc.,
Class
a
A
61
2,627
Radiant
Logistics,
Inc.*
37
275
3,461
Automobile
Components
—
0.0%(a)
Adient
plc*
84
2,043
Cooper-Standard
Holdings,
Inc.*
17
653
Dana,
Inc.
121
4,143
Dauch
Corp.*
234
1,544
Dorman
Products,
Inc.*
28
3,300
Fox
Factory
Holding
Corp.*
43
724
Garrett
Motion,
Inc.
163
3,319
Gentherm,
Inc.*
31
1,016
Goodyear
Tire
&
Rubber
Co.
(The)*
283
2,335
Holley,
Inc.*
78
318
LCI
Industries
24
3,197
Motorcar
Parts
of
America,
Inc.*
14
145
Patrick
Industries,
Inc.
33
4,085
Phinia,
Inc.
39
2,833
Solid
Power,
Inc.*
158
559
Standard
Motor
Products,
Inc.
22
873
Strattec
Security
Corp.*
4
352
Visteon
Corp.
28
2,679
XPEL,
Inc.*(b)
26
1,108
35,226
Investments
Shares
Value
Common
Stocks
(continued)
Automobiles
—
0.0%(a)
Faraday
Future
Intelligent
Electric,
Inc.,
Class
a
A*
146
$
71
Livewire
Group,
Inc.*
38
64
Winnebago
Industries,
Inc.
28
1,117
1,252
Banks
—
1.3%
1st
Source
Corp.
19
1,273
ACNB
Corp.
11
554
Amalgamated
Financial
Corp.
24
924
Amerant
Bancorp,
Inc.,
Class
a
A
37
790
Ameris
Bancorp
68
5,281
Ames
National
Corp.
9
243
Arrow
Financial
Corp.
17
566
Associated
Banc-Corp.
171
4,516
Atlantic
Union
Bankshares
Corp.
146
5,411
Avidbank
Holdings,
Inc.*
3
87
Axos
Financial,
Inc.*
56
4,862
Banc
of
California,
Inc.
132
2,438
BancFirst
Corp.
21
2,310
Bancorp,
Inc.
(The)*
43
2,257
Bank
First
Corp.
9
1,212
Bank
of
Hawaii
Corp.
40
3,031
Bank
of
Marin
Bancorp
15
373
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
43
2,182
Bank7
Corp.
4
163
BankUnited,
Inc.
77
3,596
Bankwell
Financial
Group,
Inc.
7
327
Banner
Corp.
35
2,060
Bar
Harbor
Bankshares
17
548
BayCom
Corp.
10
294
BCB
Bancorp,
Inc.
16
128
Beacon
Financial
Corp.
86
2,558
Blue
Foundry
Bancorp*
18
237
Blue
Ridge
Bankshares,
Inc.
69
280
Bridgewater
Bancshares,
Inc.*
21
384
Burke
&
Herbert
Financial
Services
Corp.
14
902
Business
First
Bancshares,
Inc.
29
792
BV
Financial,
Inc.*
8
149
Byline
Bancorp,
Inc.
32
998
C&F
Financial
Corp.
3
218
California
BanCorp
23
421
Camden
National
Corp.
17
785
Capital
Bancorp,
Inc.
12
353
Capital
City
Bank
Group,
Inc.
14
600
Capitol
Federal
Financial,
Inc.
126
905
Carter
Bankshares,
Inc.*
23
479
Cathay
General
Bancorp
68
3,380
CB
Financial
Services,
Inc.
5
174
Central
Pacific
Financial
Corp.
27
860
CF
Bankshares,
Inc.
5
151
Chain
Bridge
Bancorp,
Inc.,
Class
a
A*
2
69
Chemung
Financial
Corp.
4
222
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
11
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
ChoiceOne
Financial
Services,
Inc.
15
$
429
Citizens
&
Northern
Corp.
18
404
Citizens
Community
Bancorp,
Inc.
10
174
Citizens
Financial
Services,
Inc.
5
300
City
Holding
Co.
14
1,680
Civista
Bancshares,
Inc.
20
476
CNB
Financial
Corp.
30
840
Coastal
Financial
Corp.*
13
964
CoastalSouth
Bancshares,
Inc.
6
147
Colony
Bankcorp,
Inc.
17
337
Columbia
Financial,
Inc.*
28
501
Commercial
Bancgroup,
Inc.*
7
182
Community
Financial
System,
Inc.
54
3,270
Community
Trust
Bancorp,
Inc.
16
961
Community
West
Bancshares
17
395
ConnectOne
Bancorp,
Inc.
49
1,300
Customers
Bancorp,
Inc.*
33
2,226
CVB
Financial
Corp.
134
2,577
Dime
Community
Bancshares,
Inc.
41
1,326
Eagle
Bancorp
Montana,
Inc.
8
174
Eagle
Bancorp,
Inc.
29
738
Eagle
Financial
Services,
Inc.
5
174
Eastern
Bankshares,
Inc.
227
4,440
ECB
Bancorp,
Inc.*
8
138
Enterprise
Financial
Services
Corp.
38
2,170
Equity
Bancshares,
Inc.,
Class
a
A
16
718
Esquire
Financial
Holdings,
Inc.
7
707
Farmers
&
Merchants
Bancorp,
Inc.
13
336
Farmers
National
Banc
Corp.
57
737
FB
Bancorp,
Inc.*
18
237
FB
Financial
Corp.
43
2,352
Fidelity
D&D
Bancorp,
Inc.
5
219
Financial
Institutions,
Inc.
20
628
Finward
Bancorp
4
149
Finwise
Bancorp*
10
168
First
Bancorp
163
3,444
First
Bancorp
41
2,329
First
Bancorp,
Inc.
(The)
11
304
First
Bank
22
350
First
Busey
Corp.
87
2,206
First
Business
Financial
Services,
Inc.
8
437
First
Capital,
Inc.
3
152
First
Commonwealth
Financial
Corp.
107
1,876
First
Community
Bankshares,
Inc.
16
626
First
Community
Corp.
8
231
First
Financial
Bancorp
103
2,891
First
Financial
Bankshares,
Inc.
138
4,268
First
Financial
Corp.
12
760
First
Foundation,
Inc.*
65
382
First
Internet
Bancorp
8
162
Investments
Shares
Value
Common
Stocks
(continued)
First
Interstate
BancSystem,
Inc.,
Class
a
A
92
$
3,184
First
Merchants
Corp.
64
2,501
First
Mid
Bancshares,
Inc.
22
902
First
National
Corp.
8
212
First
United
Corp.
6
213
First
Western
Financial,
Inc.*
8
202
Firstsun
Capital
Bancorp*
13
474
Five
Star
Bancorp
16
623
Flagstar
Bank
NA
312
3,959
Flushing
Financial
Corp.
33
509
Franklin
Financial
Services
Corp.
4
206
FS
Bancorp,
Inc.
7
277
Fulton
Financial
Corp.
187
3,824
FVCBankcorp,
Inc.
16
247
GBank
Financial
Holdings,
Inc.*
9
272
German
American
Bancorp,
Inc.
37
1,530
Glacier
Bancorp,
Inc.
132
6,005
Great
Southern
Bancorp,
Inc.
9
554
Greene
County
Bancorp,
Inc.
7
154
Hancock
Whitney
Corp.
87
5,725
Hanmi
Financial
Corp.
31
809
Hanover
Bancorp,
Inc.
5
103
Hawthorn
Bancshares,
Inc.
6
198
HBT
Financial,
Inc.
12
324
Heritage
Commerce
Corp.
62
771
Heritage
Financial
Corp.
35
924
Hilltop
Holdings,
Inc.
45
1,684
Hingham
Institution
For
Savings
(The)
2
558
Home
Bancorp,
Inc.
7
414
Home
BancShares,
Inc.
193
5,300
HomeTrust
Bancshares,
Inc.
16
674
Hope
Bancorp,
Inc.
127
1,430
Horizon
Bancorp,
Inc.
52
876
Independent
Bank
Corp.
52
4,060
Independent
Bank
Corp.
20
695
International
Bancshares
Corp.
56
3,758
Investar
Holding
Corp.
9
254
John
Marshall
Bancorp,
Inc.
13
250
Kearny
Financial
Corp.
59
451
Lakeland
Financial
Corp.
26
1,510
Landmark
Bancorp,
Inc.
5
139
LCNB
Corp.
14
238
LINKBANCORP,
Inc.
22
190
Live
Oak
Bancshares,
Inc.
36
1,306
MainStreet
Bancshares,
Inc.
7
155
Mechanics
Bancorp
50
713
Mercantile
Bank
Corp.
16
827
Meridian
Corp.
9
175
Metrocity
Bankshares,
Inc.
20
562
Metropolitan
Bank
Holding
Corp.
9
757
Mid
Penn
Bancorp,
Inc.
20
643
Midland
States
Bancorp,
Inc.
21
465
MVB
Financial
Corp.
11
297
National
Bank
Holdings
Corp.,
Class
a
A
39
1,560
National
Bankshares,
Inc.
6
225
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
12
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
NB
Bancorp,
Inc.
41
$
875
NBT
Bancorp,
Inc.
53
2,264
Nicolet
Bankshares,
Inc.
19
2,902
Northeast
Bank
8
887
Northeast
Community
Bancorp,
Inc.
13
315
Northfield
Bancorp,
Inc.
38
507
Northpointe
Bancshares,
Inc.
21
379
Northrim
Bancorp,
Inc.
22
517
Northwest
Bancshares,
Inc.
149
1,855
Norwood
Financial
Corp.
10
291
Oak
Valley
Bancorp
7
224
OceanFirst
Financial
Corp.
58
1,047
OFG
Bancorp
45
1,804
Ohio
Valley
Banc
Corp.
4
171
Old
National
Bancorp
360
8,316
Old
Second
Bancorp,
Inc.
52
1,021
OP
Bancorp
12
160
Orange
County
Bancorp,
Inc.
12
399
Origin
Bancorp,
Inc.
31
1,290
Orrstown
Financial
Services,
Inc.
19
683
Park
National
Corp.
15
2,468
Parke
Bancorp,
Inc.
10
279
Pathward
Financial,
Inc.
23
2,088
Patriot
National
Bancorp,
Inc.*
70
88
PCB
Bancorp
11
246
Peapack-Gladstone
Financial
Corp.
16
536
Peoples
Bancorp
of
North
Carolina,
Inc.
4
153
Peoples
Bancorp,
Inc.
36
1,162
Peoples
Financial
Services
Corp.
10
536
Pioneer
Bancorp,
Inc.*
11
155
Plumas
Bancorp
7
352
Ponce
Financial
Group,
Inc.*
20
325
Preferred
Bank
12
1,053
Primis
Financial
Corp.
22
291
Princeton
Bancorp,
Inc.
5
170
Provident
Financial
Services,
Inc.
132
2,777
QCR
Holdings,
Inc.
17
1,470
RBB
Bancorp
17
366
Red
River
Bancshares,
Inc.
5
444
Renasant
Corp.
97
3,652
Republic
Bancorp,
Inc.,
Class
a
A
9
621
Rhinebeck
Bancorp,
Inc.*
5
80
Richmond
Mutual
Bancorp,
Inc.
8
108
Riverview
Bancorp,
Inc.
21
112
S&T
Bancorp,
Inc.
39
1,631
SB
Financial
Group,
Inc.
6
125
Seacoast
Banking
Corp.
of
Florida
90
2,801
ServisFirst
Bancshares,
Inc.
53
4,294
Shore
Bancshares,
Inc.
32
595
Sierra
Bancorp
13
468
Simmons
First
National
Corp.,
Class
a
A
148
2,947
SmartFinancial,
Inc.
15
588
Sound
Financial
Bancorp,
Inc.
2
85
Investments
Shares
Value
Common
Stocks
(continued)
South
Plains
Financial,
Inc.
13
$
532
Southern
First
Bancshares,
Inc.*
8
447
Southern
Missouri
Bancorp,
Inc.
10
619
Southside
Bancshares,
Inc.
30
940
SR
Bancorp,
Inc.
8
132
Stellar
Bancorp,
Inc.
48
1,808
Stock
Yards
Bancorp,
Inc.
27
1,732
Texas
Capital
Bancshares,
Inc.*
47
4,479
Third
Coast
Bancshares,
Inc.*
13
515
Timberland
Bancorp,
Inc.
8
305
Tompkins
Financial
Corp.
14
1,074
Towne
Bank
75
2,569
TriCo
Bancshares
31
1,481
Triumph
Financial,
Inc.*
23
1,285
TrustCo
Bank
Corp.
19
824
Trustmark
Corp.
58
2,470
UMB
Financial
Corp.
75
8,691
Union
Bankshares,
Inc.
4
93
United
Bankshares,
Inc.
144
5,947
United
Community
Banks,
Inc.
126
4,053
United
Security
Bancshares
14
145
Unity
Bancorp,
Inc.
8
426
Univest
Financial
Corp.
29
973
USCB
Financial
Holdings,
Inc.
12
227
Valley
National
Bancorp
498
6,280
Virginia
National
Bankshares
Corp.
5
194
WaFd,
Inc.
80
2,493
Washington
Trust
Bancorp,
Inc.
20
674
WesBanco,
Inc.
97
3,382
West
Bancorp,
Inc.
16
390
Westamerica
Bancorp
25
1,266
Western
New
England
Bancorp,
Inc.
19
244
WSFS
Financial
Corp.
57
3,620
297,486
Beverages
—
0.0%(a)
MGP
Ingredients,
Inc.
14
266
National
Beverage
Corp.*
25
909
Vita
Coco
Co.,
Inc.
(The)*
49
2,845
Zevia
PBC,
Class
a
A*
57
76
4,096
Biotechnology
—
1.5%
4D
Molecular
Therapeutics,
Inc.*
41
396
Abeona
Therapeutics,
Inc.*
45
230
Absci
Corp.*
140
384
ACADIA
Pharmaceuticals,
Inc.*
128
3,144
Actuate
Therapeutics,
Inc.*
10
37
ADC
Therapeutics
SA*
88
361
ADMA
Biologics,
Inc.*
238
3,706
Agios
Pharmaceuticals,
Inc.*
58
1,753
Akebia
Therapeutics,
Inc.*
260
341
Aldeyra
Therapeutics,
Inc.*
56
306
Alector,
Inc.*
82
199
Alkermes
plc*
166
4,997
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
13
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Allogene
Therapeutics,
Inc.*
158
$
439
Altimmune,
Inc.*
91
392
Amicus
Therapeutics,
Inc.*
306
4,397
AnaptysBio,
Inc.*
19
1,046
Anavex
Life
Sciences
Corp.*
86
381
Anika
Therapeutics,
Inc.*
13
187
Annexon,
Inc.*
103
577
Apogee
Therapeutics,
Inc.*
40
2,800
Arbutus
Biopharma
Corp.*
155
722
Arcellx,
Inc.*
35
3,983
Arcturus
Therapeutics
Holdings,
Inc.*
26
214
Arcus
Biosciences,
Inc.*
81
1,650
Arcutis
Biotherapeutics,
Inc.*
113
3,048
Ardelyx,
Inc.*
246
1,611
ArriVent
Biopharma,
Inc.*
30
689
Arrowhead
Pharmaceuticals,
Inc.*
136
8,605
ARS
Pharmaceuticals,
Inc.*
61
566
aTyr
Pharma,
Inc.*
98
94
Aura
Biosciences,
Inc.*
45
265
Aurinia
Pharmaceuticals,
Inc.*
122
1,729
Avidity
Biosciences,
Inc.*
119
8,568
Avita
Medical,
Inc.*
13
65
Beam
Therapeutics,
Inc.*
98
2,789
Benitec
Biopharma,
Inc.*
15
163
Bicara
Therapeutics,
Inc.*
32
537
BioCryst
Pharmaceuticals,
Inc.*
240
2,100
Biohaven
Ltd.*
96
1,106
Bridgebio
Pharma,
Inc.*
163
10,836
Bright
Minds
Biosciences,
Inc.*
5
419
Candel
Therapeutics,
Inc.*
45
236
Capricor
Therapeutics,
Inc.*
39
1,089
Cardiff
Oncology,
Inc.*
64
124
CareDx,
Inc.*
53
994
Cartesian
Therapeutics,
Inc.*
12
91
Catalyst
Pharmaceuticals,
Inc.*
119
2,747
Celcuity,
Inc.*
33
3,686
Celldex
Therapeutics,
Inc.*
67
2,016
CG
oncology,
Inc.*
57
3,352
Cogent
Biosciences,
Inc.*
143
5,556
Coherus
Oncology,
Inc.*
109
182
Compass
Therapeutics,
Inc.*
134
757
Corvus
Pharmaceuticals,
Inc.*
59
1,077
CRISPR
Therapeutics
AG*
89
5,352
Cullinan
Therapeutics,
Inc.*
55
852
Cytokinetics,
Inc.*
120
7,466
Day
One
Biopharmaceuticals,
Inc.*
81
859
Denali
Therapeutics,
Inc.*
136
2,880
Design
Therapeutics,
Inc.*
25
261
DiaMedica
Therapeutics,
Inc.*
35
278
Dianthus
Therapeutics,
Inc.*
25
1,380
Disc
Medicine,
Inc.*
26
1,732
Dyne
Therapeutics,
Inc.*
127
1,984
Editas
Medicine,
Inc.*
93
205
Eledon
Pharmaceuticals,
Inc.*
58
152
Emergent
BioSolutions,
Inc.*
54
440
Enanta
Pharmaceuticals,
Inc.*
28
400
Entrada
Therapeutics,
Inc.*
29
346
Investments
Shares
Value
Common
Stocks
(continued)
Erasca,
Inc.*
178
$
2,431
Fate
Therapeutics,
Inc.*
112
166
Fennec
Pharmaceuticals,
Inc.*
24
204
Foghorn
Therapeutics,
Inc.*
34
193
Geron
Corp.*
560
941
Gossamer
Bio,
Inc.*
197
84
GRAIL,
Inc.*
36
1,916
Greenwich
Lifesciences,
Inc.*
6
166
Gyre
Therapeutics,
Inc.*
12
99
Heron
Therapeutics,
Inc.*
158
188
Humacyte,
Inc.*
159
177
Ideaya
Biosciences,
Inc.*
82
2,640
ImmunityBio,
Inc.*
303
2,963
Immunome,
Inc.*
96
2,099
Immunovant,
Inc.*
72
1,997
Inhibikase
Therapeutics,
Inc.*
62
127
Inhibrx
Biosciences,
Inc.*
9
667
Inmune
Bio,
Inc.*
21
27
Intellia
Therapeutics,
Inc.*
106
1,461
Iovance
Biotherapeutics,
Inc.*
315
1,216
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
164
561
Jade
Biosciences,
Inc.
47
697
Janux
Therapeutics,
Inc.*
44
599
KalVista
Pharmaceuticals,
Inc.*
39
635
Keros
Therapeutics,
Inc.*
30
426
Kodiak
Sciences,
Inc.*
34
911
Korro
Bio,
Inc.*
7
85
Krystal
Biotech,
Inc.*
25
6,891
Kura
Oncology,
Inc.*
83
725
Kymera
Therapeutics,
Inc.*
58
5,298
Larimar
Therapeutics,
Inc.*
50
265
Lexeo
Therapeutics,
Inc.*
65
467
Madrigal
Pharmaceuticals,
Inc.*
19
8,208
MannKind
Corp.*
311
1,020
MapLight
Therapeutics,
Inc.*
17
294
MeiraGTx
Holdings
plc*
46
348
MiMedx
Group,
Inc.*
121
592
Mineralys
Therapeutics,
Inc.*
48
1,404
Mirum
Pharmaceuticals,
Inc.*
42
3,876
Monopar
Therapeutics,
Inc.*
5
274
Monte
Rosa
Therapeutics,
Inc.*
48
852
Myriad
Genetics,
Inc.*
93
429
Neurogene,
Inc.*
10
235
Nkarta,
Inc.*
44
119
Novavax,
Inc.*
154
1,562
Nurix
Therapeutics,
Inc.*
103
1,645
Nuvalent,
Inc.,
Class
a
A*
51
5,199
Nuvectis
Pharma,
Inc.*
16
142
Olema
Pharmaceuticals,
Inc.*
61
1,476
Organogenesis
Holdings,
Inc.,
Class
a
A*
70
225
ORIC
Pharmaceuticals,
Inc.*
68
915
Oruka
Therapeutics,
Inc.*
40
1,376
Palvella
Therapeutics,
Inc.*
7
945
Perspective
Therapeutics,
Inc.*
61
329
Praxis
Precision
Medicines,
Inc.*
25
8,419
Precigen,
Inc.*
185
701
Prime
Medicine,
Inc.*
102
471
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
14
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Protagonist
Therapeutics,
Inc.*
60
$
5,525
Protalix
BioTherapeutics,
Inc.*
74
213
Protara
Therapeutics,
Inc.*
36
229
Prothena
Corp.
plc*
45
390
PTC
Therapeutics,
Inc.*
80
5,455
Puma
Biotechnology,
Inc.*
44
251
Recursion
Pharmaceuticals,
Inc.,
Class
a
A*
390
1,431
REGENXBIO,
Inc.*
48
434
Relay
Therapeutics,
Inc.*
144
1,477
Replimune
Group,
Inc.*
71
543
Rezolute,
Inc.*
83
266
Rhythm
Pharmaceuticals,
Inc.*
54
5,007
Rigel
Pharmaceuticals,
Inc.*
18
625
Rocket
Pharmaceuticals,
Inc.*
87
436
Sana
Biotechnology,
Inc.*
169
711
Savara,
Inc.*
145
873
Scholar
Rock
Holding
Corp.*
84
3,719
SELLAS
Life
Sciences
Group,
Inc.*
127
626
Sionna
Therapeutics,
Inc.*
16
585
Soleno
Therapeutics,
Inc.*
48
1,875
Solid
Biosciences,
Inc.*
60
373
Spyre
Therapeutics,
Inc.*
71
3,054
Stoke
Therapeutics,
Inc.*
46
1,675
Syndax
Pharmaceuticals,
Inc.*
87
1,889
Tango
Therapeutics,
Inc.*
109
1,214
Taysha
Gene
Therapies,
Inc.*
227
1,028
Tectonic
Therapeutic,
Inc.*
11
258
Tevogen
Bio
Holdings,
Inc.*
42
11
TG
Therapeutics,
Inc.*
149
4,483
Tonix
Pharmaceuticals
Holding
Corp.*
12
168
Travere
Therapeutics,
Inc.*
85
2,532
TriSalus
Life
Sciences,
Inc.*
31
157
TuHURA
Biosciences,
Inc.*
34
57
Twist
Bioscience
Corp.*
61
2,862
Tyra
Biosciences,
Inc.*
27
899
Upstream
Bio,
Inc.*
34
261
UroGen
Pharma
Ltd.*
38
825
Vanda
Pharmaceuticals,
Inc.*
57
508
Vaxcyte,
Inc.*
127
7,841
Vera
Therapeutics,
Inc.,
Class
a
A*
57
2,325
Veracyte,
Inc.*
80
2,927
Verastem,
Inc.*
55
315
Vericel
Corp.*
52
1,855
Vir
Biotechnology,
Inc.*
91
827
Viridian
Therapeutics,
Inc.*
82
2,409
Voyager
Therapeutics,
Inc.*
48
197
Xencor,
Inc.*
72
919
Xenon
Pharmaceuticals,
Inc.*
78
3,372
XOMA
Royalty
Corp.*
10
255
Zenas
Biopharma,
Inc.*
19
501
Zymeworks,
Inc.*
51
1,188
278,560
Broadline
Retail
—
0.0%(a)
Groupon,
Inc.,
Class
a
A*
26
328
Kohl's
Corp.
112
1,833
Investments
Shares
Value
Common
Stocks
(continued)
Savers
Value
Village,
Inc.*
39
$
368
2,529
Building
Products
—
0.2%
American
Woodmark
Corp.*
15
752
Apogee
Enterprises,
Inc.
22
876
AZZ,
Inc.
30
4,079
CSW
Industrials,
Inc.
17
5,004
Gibraltar
Industries,
Inc.*
31
1,410
Griffon
Corp.
39
3,324
Insteel
Industries,
Inc.
19
708
Janus
International
Group,
Inc.*
139
967
JELD-WEN
Holding,
Inc.*
87
171
Masterbrand,
Inc.*
130
1,316
Modine
Manufacturing
Co.*
54
12,272
Quanex
Building
Products
Corp.
47
965
Resideo
Technologies,
Inc.*
133
5,147
Tecnoglass,
Inc.
28
1,276
UFP
Industries,
Inc.
60
6,175
Zurn
Elkay
Water
Solutions
Corp.
154
7,851
52,293
Capital
Markets
—
0.2%
Acadian
Asset
Management,
Inc.
27
1,454
AlTi
Global,
Inc.*
44
195
Artisan
Partners
Asset
Management,
Inc.,
Class
a
A
64
2,578
Bakkt,
Inc.,
Class
a
A*
15
143
BGC
Group,
Inc.,
Class
a
A
372
3,541
Cohen
&
Steers,
Inc.
28
1,872
Diamond
Hill
Investment
Group,
Inc.
3
516
DigitalBridge
Group,
Inc.
182
2,812
Donnelley
Financial
Solutions,
Inc.*
26
1,294
Fold
Holdings,
Inc.*
6
9
Forge
Global
Holdings,
Inc.*
11
495
GCM
Grosvenor,
Inc.,
Class
a
A
53
614
Innventure,
Inc.*
28
80
Marex
Group
plc
57
2,477
MarketWise,
Inc.
2
28
Miami
International
Holdings,
Inc.*
24
1,022
Moelis
&
Co.,
Class
a
A
76
4,511
Open
Lending
Corp.*
104
138
Patria
Investments
Ltd.,
Class
a
A
68
892
Perella
Weinberg
Partners,
Class
a
A
64
1,185
Piper
Sandler
Cos.
18
5,320
PJT
Partners,
Inc.,
Class
a
A
24
3,544
Ridgepost
Capital,
Inc.,
Class
a
A
60
484
Siebert
Financial
Corp.*
15
28
Silvercrest
Asset
Management
Group,
Inc.,
Class
a
A
7
106
StepStone
Group,
Inc.,
Class
a
A
72
3,106
StoneX
Group,
Inc.*
50
6,375
Strive,
Inc.,
Class
a
A*
14
111
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
15
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Value
Line,
Inc.
1
$
37
Victory
Capital
Holdings,
Inc.,
Class
a
A
45
3,113
Virtus
Investment
Partners,
Inc.
7
969
Webull
Corp.*
280
1,627
Westwood
Holdings
Group,
Inc.
8
134
WisdomTree,
Inc.
127
2,173
52,983
Chemicals
—
0.1%
AdvanSix,
Inc.
27
481
American
Vanguard
Corp.*
26
120
Arq,
Inc.*
33
116
Ascent
Industries
Co.*
8
137
ASP
Isotopes,
Inc.*
95
507
Aspen
Aerogels,
Inc.*
68
212
Avient
Corp.
94
3,861
Balchem
Corp.
34
6,169
Cabot
Corp.
55
4,188
Chemours
Co.
(The)
155
2,827
Core
Molding
Technologies,
Inc.*
8
146
Ecovyst,
Inc.*
117
1,319
Flotek
Industries,
Inc.*
15
230
Hawkins,
Inc.
20
2,982
HB
Fuller
Co.
56
3,680
Ingevity
Corp.*
37
2,665
Innospec,
Inc.
25
1,915
Intrepid
Potash,
Inc.*
11
407
Koppers
Holdings,
Inc.
19
718
Kronos
Worldwide,
Inc.
22
128
LSB
Industries,
Inc.*
55
639
Mativ
Holdings,
Inc.
55
596
Minerals
Technologies,
Inc.
32
2,260
Orion
SA
57
324
Perimeter
Solutions,
Inc.*
143
3,358
PureCycle
Technologies,
Inc.*
133
839
Quaker
Chemical
Corp.
14
2,058
Rayonier
Advanced
Materials,
Inc.*
66
625
Sensient
Technologies
Corp.
43
4,366
Solesence,
Inc.*
19
24
Stepan
Co.
22
1,120
Trinseo
plc
35
8
Tronox
Holdings
plc
123
920
Valhi,
Inc.
2
28
49,973
Commercial
Services
&
Supplies
—
0.0%(a)
ABM
Industries,
Inc.
63
2,804
ACCO
Brands
Corp.
90
366
ACV
Auctions,
Inc.,
Class
a
A*
172
836
BrightView
Holdings,
Inc.*
74
1,020
Brink's
Co.
(The)
43
5,021
Casella
Waste
Systems,
Inc.,
Class
a
A*
65
6,055
Cimpress
plc*
18
1,315
CompX
International,
Inc.
2
47
CoreCivic,
Inc.*
108
1,909
Deluxe
Corp.
45
1,249
Investments
Shares
Value
Common
Stocks
(continued)
Ennis,
Inc.
25
$
528
Enviri
Corp.*
78
1,477
GEO
Group,
Inc.
(The)*
139
2,091
Healthcare
Services
Group,
Inc.*
72
1,567
HNI
Corp.
65
2,922
Interface,
Inc.,
Class
a
A
59
1,858
Liquidity
Services,
Inc.*
24
759
MillerKnoll,
Inc.
70
1,410
Mobile
Infrastructure
Corp.,
Class
a
A*
13
40
Montrose
Environmental
Group,
Inc.*
34
993
NL
Industries,
Inc.
9
56
OPENLANE,
Inc.*
108
3,079
Perma-Fix
Environmental
Services,
Inc.*
18
246
Pitney
Bowes,
Inc.
166
1,781
Quad/Graphics,
Inc.
30
207
UniFirst
Corp.
15
3,522
Vestis
Corp.*
118
929
Virco
Mfg.
Corp.
12
76
44,163
Communications
Equipment
—
0.2%
ADTRAN
Holdings,
Inc.*
76
775
Applied
Optoelectronics,
Inc.*
62
5,222
Aviat
Networks,
Inc.*
12
300
BK
Technologies
Corp.*
3
261
Calix,
Inc.*
62
3,210
Clearfield,
Inc.*
12
377
Digi
International,
Inc.*
37
1,806
Extreme
Networks,
Inc.*
135
1,887
Harmonic,
Inc.*
115
1,222
Inseego
Corp.*
13
161
NETGEAR,
Inc.*
28
577
NetScout
Systems,
Inc.*
72
2,103
Ribbon
Communications,
Inc.*
96
214
Viasat,
Inc.*
127
5,814
Viavi
Solutions,
Inc.*
227
6,744
Vistance
Networks,
Inc.*
224
3,936
34,609
Construction
&
Engineering
—
0.6%
Ameresco,
Inc.,
Class
a
A*
33
1,005
Arcosa,
Inc.
50
5,374
Argan,
Inc.
14
6,317
Bowman
Consulting
Group
Ltd.,
Class
a
A*
14
470
Centuri
Holdings,
Inc.*
80
2,480
Concrete
Pumping
Holdings,
Inc.*
23
155
Construction
Partners,
Inc.,
Class
a
A*
48
6,450
Dycom
Industries,
Inc.*
29
12,181
Fluor
Corp.*
165
8,631
Granite
Construction,
Inc.
45
6,051
Great
Lakes
Dredge
&
Dock
Corp.*
68
1,153
IES
Holdings,
Inc.*
9
4,458
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
16
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Legence
Corp.,
Class
a
A*
38
$
2,206
Limbach
Holdings,
Inc.*
11
1,006
Matrix
Service
Co.*
28
308
MYR
Group,
Inc.*
16
4,319
NWPX
Infrastructure,
Inc.*
10
776
Orion
Group
Holdings,
Inc.*
39
535
Primoris
Services
Corp.
56
8,440
Southland
Holdings,
Inc.*
13
15
Sterling
Infrastructure,
Inc.*
31
13,272
Tutor
Perini
Corp.
46
3,467
89,069
Construction
Materials
—
0.1%
Knife
River
Corp.*
59
5,250
Smith-Midland
Corp.*
3
115
Titan
America
SA
25
453
United
States
Lime
&
Minerals,
Inc.
11
1,256
7,074
Consumer
Finance
—
0.1%
Atlanticus
Holdings
Corp.*
5
262
Bread
Financial
Holdings,
Inc.
47
3,330
Consumer
Portfolio
Services,
Inc.*
10
81
Dave,
Inc.*
11
2,126
Encore
Capital
Group,
Inc.*
23
1,571
Enova
International,
Inc.*
25
3,476
FirstCash
Holdings,
Inc.
41
7,904
Green
Dot
Corp.,
Class
a
A*
55
636
Jefferson
Capital,
Inc.
8
165
LendingClub
Corp.*
116
1,730
LendingTree,
Inc.*
11
411
Medallion
Financial
Corp.
17
172
Navient
Corp.
70
615
Nelnet,
Inc.,
Class
a
A
11
1,424
NerdWallet,
Inc.,
Class
a
A*
44
477
Oportun
Financial
Corp.*
42
218
OppFi,
Inc.
27
248
PRA
Group,
Inc.*
40
630
PROG
Holdings,
Inc.
40
1,408
Regional
Management
Corp.
9
286
Upstart
Holdings,
Inc.*
87
2,369
Vroom,
Inc.*
1
15
World
Acceptance
Corp.*
3
405
29,959
Consumer
Staples
Distribution
&
Retail
—
0.1%
Andersons,
Inc.
(The)
34
2,220
Chefs'
Warehouse,
Inc.
(The)*
37
2,641
Grocery
Outlet
Holding
Corp.*
97
958
HF
Foods
Group,
Inc.*
41
86
Ingles
Markets,
Inc.,
Class
a
A
15
1,276
Natural
Grocers
by
Vitamin
Cottage,
Inc.
13
351
PriceSmart,
Inc.
26
4,020
United
Natural
Foods,
Inc.*
62
2,369
Village
Super
Market,
Inc.,
Class
a
A
9
352
Investments
Shares
Value
Common
Stocks
(continued)
Weis
Markets,
Inc.
14
$
949
15,222
Containers
&
Packaging
—
0.0%(a)
Ardagh
Metal
Packaging
SA
143
694
Greif,
Inc.,
Class
a
A
26
1,889
Greif,
Inc.,
Class
a
B
5
437
Myers
Industries,
Inc.
38
850
O-I
Glass,
Inc.*
158
2,117
Ranpak
Holdings
Corp.,
Class
a
A*
48
246
TriMas
Corp.
33
1,290
7,523
Distributors
—
0.0%(a)
GigaCloud
Technology,
Inc.,
Class
a
A*
25
1,108
Gold.
Com,
Inc.
19
1,092
Weyco
Group,
Inc.
6
188
2,388
Diversified
Consumer
Services
—
0.1%
American
Public
Education,
Inc.*
18
825
Carriage
Services,
Inc.,
Class
a
A
15
691
Coursera,
Inc.*
146
936
Covista,
Inc.*
37
3,626
Driven
Brands
Holdings,
Inc.*
61
671
European
Wax
Center,
Inc.,
Class
a
A*
30
172
Frontdoor,
Inc.*
75
5,143
Graham
Holdings
Co.,
Class
a
B
3
3,160
KinderCare
Learning
Cos.,
Inc.*
32
112
Laureate
Education,
Inc.*
131
4,237
Lincoln
Educational
Services
Corp.*
30
1,087
Matthews
International
Corp.,
Class
a
A
31
819
McGraw
Hill,
Inc.*
30
420
Mister
Car
Wash,
Inc.*
102
726
Nerdy,
Inc.*
61
59
OneSpaWorld
Holdings
Ltd.
103
2,218
Perdoceo
Education
Corp.
67
2,234
Phoenix
Education
Partners,
Inc.
5
148
Strategic
Education,
Inc.
24
1,975
Stride,
Inc.*
44
3,713
Udemy,
Inc.*
98
493
Universal
Technical
Institute,
Inc.*
48
1,738
Zspace,
Inc.*
6
2
35,205
Diversified
REITs
—
0.1%
Alexander
&
Baldwin,
Inc.,
REIT
75
1,559
Alpine
Income
Property
Trust,
Inc.,
REIT
13
256
American
Assets
Trust,
Inc.,
REIT
53
1,035
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
17
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Armada
Hoffler
Properties,
Inc.,
REIT
82
$
513
Broadstone
Net
Lease,
Inc.,
REIT
195
3,781
CTO
Realty
Growth,
Inc.,
REIT
32
623
Essential
Properties
Realty
Trust,
Inc.,
REIT
204
6,924
Gladstone
Commercial
Corp.,
REIT
47
587
Global
Net
Lease,
Inc.,
REIT
203
1,912
Modiv
Industrial,
Inc.,
Class
a
C,
REIT
10
155
NexPoint
Diversified
Real
Estate
Trust,
REIT
36
160
17,505
Diversified
Telecommunication
Services
—
0.1%
Anterix,
Inc.*
12
443
ATN
International,
Inc.
10
288
Bandwidth,
Inc.,
Class
a
A*
28
415
Cogent
Communications
Holdings,
Inc.
50
938
Globalstar,
Inc.*
51
3,176
IDT
Corp.,
Class
a
B
17
866
Liberty
Latin
America
Ltd.,
Class
a
A*
30
235
Liberty
Latin
America
Ltd.,
Class
a
C*
130
1,032
Lumen
Technologies,
Inc.*
979
6,961
Shenandoah
Telecommunications
Co.
52
709
Uniti
Group,
Inc.
172
1,259
16,322
Electric
Utilities
—
0.2%
Genie
Energy
Ltd.,
Class
a
B
22
320
Hawaiian
Electric
Industries,
Inc.*
179
2,773
MGE
Energy,
Inc.
38
3,117
Oklo,
Inc.,
Class
a
A*
112
7,050
Otter
Tail
Corp.
40
3,404
Portland
General
Electric
Co.
116
6,259
TXNM
Energy,
Inc.
103
6,079
29,002
Electrical
Equipment
—
0.4%
Allient,
Inc.
15
988
American
Superconductor
Corp.*
45
1,466
Amprius
Technologies,
Inc.*
113
1,212
Array
Technologies,
Inc.*
156
1,182
Atkore,
Inc.
35
2,265
Bloom
Energy
Corp.,
Class
a
A*
224
34,870
EnerSys
38
6,314
Enovix
Corp.*
173
912
Eos
Energy
Enterprises,
Inc.*
317
1,805
Fluence
Energy,
Inc.*
65
1,010
FuelCell
Energy,
Inc.*
1
8
Hyliion
Holdings
Corp.*
127
260
KULR
Technology
Group,
Inc.*
41
115
LSI
Industries,
Inc.
28
605
Investments
Shares
Value
Common
Stocks
(continued)
NANO
Nuclear
Energy,
Inc.*
41
$
1,090
Net
Power,
Inc.*
32
62
Nextpower,
Inc.,
Class
a
A*
150
15,765
NuScale
Power
Corp.,
Class
a
A*
130
1,670
Plug
Power,
Inc.*
1,156
2,069
Powell
Industries,
Inc.
10
5,236
Power
Solutions
International,
Inc.*
9
751
Preformed
Line
Products
Co.
3
761
Shoals
Technologies
Group,
Inc.,
Class
a
A*
173
1,026
SKYX
Platforms
Corp.*
73
141
SunPower,
Inc.*
64
83
Sunrun,
Inc.*
230
3,048
T1
Energy,
Inc.*
137
844
Thermon
Group
Holdings,
Inc.*
34
1,727
Vicor
Corp.*
24
4,834
92,119
Electronic
Equipment,
Instruments
&
Components
—
0.4%
908
Devices,
Inc.*
28
193
Advanced
Energy
Industries,
Inc.
39
13,087
Aeva
Technologies,
Inc.*
38
504
Arlo
Technologies,
Inc.*
102
1,600
Badger
Meter,
Inc.
30
4,573
Bel
Fuse,
Inc.,
Class
a
A
2
424
Bel
Fuse,
Inc.,
Class
a
B
11
2,527
Belden,
Inc.
40
5,732
Benchmark
Electronics,
Inc.
37
2,139
Climb
Global
Solutions,
Inc.
4
379
CTS
Corp.
30
1,580
Daktronics,
Inc.*
39
1,005
ePlus,
Inc.
27
2,178
Evolv
Technologies
Holdings,
Inc.*
157
832
Fabrinet*
37
20,188
Frequency
Electronics,
Inc.*
7
351
Insight
Enterprises,
Inc.*
30
2,507
Itron,
Inc.*
47
4,416
Kimball
Electronics,
Inc.*
25
625
Knowles
Corp.*
88
2,391
Methode
Electronics,
Inc.
34
288
MicroVision,
Inc.*
309
241
Mirion
Technologies,
Inc.,
Class
a
A*
246
5,316
M-Tron
Industries,
Inc.*
3
190
Napco
Security
Technologies,
Inc.
35
1,631
Neonode,
Inc.*
13
24
nLight,
Inc.*
48
2,697
Novanta,
Inc.*
37
4,974
OSI
Systems,
Inc.*
17
4,848
Ouster,
Inc.*
56
1,061
PC
Connection,
Inc.
11
670
Plexus
Corp.*
28
5,436
Powerfleet,
Inc.*
128
457
Richardson
Electronics
Ltd.
12
147
Rogers
Corp.*
19
2,049
Sanmina
Corp.*
54
8,384
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
18
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
ScanSource,
Inc.*
22
$
809
TTM
Technologies,
Inc.*
105
10,945
Vishay
Intertechnology,
Inc.
124
2,321
Vishay
Precision
Group,
Inc.*
12
553
Vuzix
Corp.*
69
199
120,471
Energy
Equipment
&
Services
—
0.4%
Archrock,
Inc.
177
6,253
Atlas
Energy
Solutions,
Inc.,
Class
a
A
80
770
Borr
Drilling
Ltd.
273
1,673
Bristow
Group,
Inc.,
Class
a
A*
29
1,383
Cactus,
Inc.,
Class
a
A
70
3,780
Core
Laboratories,
Inc.
48
844
DMC
Global,
Inc.*
20
118
Energy
Services
of
America
Corp.
12
187
Expro
Group
Holdings
NV*
91
1,625
Flowco
Holdings,
Inc.,
Class
a
A
21
474
Forum
Energy
Technologies,
Inc.*
10
580
Helix
Energy
Solutions
Group,
Inc.*
143
1,314
Helmerich
&
Payne,
Inc.
99
3,487
Innovex
International,
Inc.*
40
1,054
Kodiak
Gas
Services,
Inc.
87
4,748
Liberty
Energy,
Inc.,
Class
a
A
162
4,551
Mammoth
Energy
Services,
Inc.*
25
58
Nabors
Industries
Ltd.*
15
1,172
National
Energy
Services
Reunited
Corp.*
63
1,578
Natural
Gas
Services
Group,
Inc.
10
383
Noble
Corp.
plc
130
5,906
Oceaneering
International,
Inc.*
101
3,585
Oil
States
International,
Inc.*
58
759
Patterson-UTI
Energy,
Inc.
356
3,030
ProFrac
Holding
Corp.,
Class
a
A*
29
144
ProPetro
Holding
Corp.*
82
995
Ranger
Energy
Services,
Inc.,
Class
a
A
21
366
RPC,
Inc.
92
535
SEACOR
Marine
Holdings,
Inc.*
22
169
Seadrill
Ltd.*
64
2,808
Select
Water
Solutions,
Inc.,
Class
a
A
97
1,326
Solaris
Energy
Infrastructure,
Inc.,
Class
a
A
43
2,134
TETRA
Technologies,
Inc.*
130
1,126
Tidewater,
Inc.*
50
3,971
Transocean
Ltd.*
954
6,182
Valaris
Ltd.*
64
6,134
75,202
Entertainment
—
0.0%(a)
AMC
Entertainment
Holdings,
Inc.,
Class
a
A*
530
615
Investments
Shares
Value
Common
Stocks
(continued)
Atlanta
Braves
Holdings,
Inc.,
Class
a
A*
7
$
339
Atlanta
Braves
Holdings,
Inc.,
Class
a
C*
47
2,054
Cinemark
Holdings,
Inc.
107
3,022
CuriosityStream,
Inc.
42
142
Eventbrite,
Inc.,
Class
a
A*
78
345
Gaia,
Inc.,
Class
a
A*
17
58
Golden
Matrix
Group,
Inc.,*
22
13
IMAX
Corp.*
45
1,927
Lionsgate
Studios
Corp.*
210
1,890
Madison
Square
Garden
Entertainment
Corp.,
Class
a
A*
41
2,589
Marcus
Corp.
(The)
23
387
Playstudios,
Inc.*
92
47
Playtika
Holding
Corp.
58
179
Reservoir
Media,
Inc.*
21
188
Sphere
Entertainment
Co.*
29
3,451
Starz
Entertainment
Corp.
12
132
Vivid
Seats,
Inc.,
Class
a
A*
3
18
17,396
Financial
Services
—
0.4%
Acacia
Research
Corp.*
35
147
Alerus
Financial
Corp.
24
572
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class
a
E
29
1,451
Better
Home
&
Finance
Holding
Co.*
6
197
Burford
Capital
Ltd.
206
1,739
Cannae
Holdings,
Inc.
49
598
Cantaloupe,
Inc.*
57
595
Cass
Information
Systems,
Inc.
12
533
Compass
Diversified
Holdings
69
517
Enact
Holdings,
Inc.
29
1,213
Essent
Group
Ltd.
97
5,901
EVERTEC,
Inc.
66
1,868
Federal
Agricultural
Mortgage
Corp.,
Class
a
C
10
1,577
Finance
of
America
Cos.,
Inc.,
Class
a
A*
5
97
Flywire
Corp.*
120
1,477
HA
Sustainable
Infrastructure
Capital,
Inc.
126
4,602
International
Money
Express,
Inc.*
28
442
Jackson
Financial,
Inc.,
Class
a
A
71
7,773
loanDepot,
Inc.,
Class
a
A*
92
190
Marqeta,
Inc.,
Class
a
A*
375
1,440
Merchants
Bancorp
27
1,142
NCR
Atleos
Corp.*
75
3,321
NewtekOne,
Inc.
23
282
NMI
Holdings,
Inc.,
Class
a
A*
80
3,145
Onity
Group,
Inc.*
7
293
Pagseguro
Digital
Ltd.,
Class
a
A
184
1,952
Payoneer
Global,
Inc.*
286
1,236
Paysafe
Ltd.*
33
207
Paysign,
Inc.*
36
128
PennyMac
Financial
Services,
Inc.
30
2,758
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
19
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Priority
Technology
Holdings,
Inc.*
28
$
155
Radian
Group,
Inc.
139
4,798
Remitly
Global,
Inc.*
173
2,889
Repay
Holdings
Corp.,
Class
a
A*
69
192
Security
National
Financial
Corp.,
Class
a
A*
17
154
Sezzle,
Inc.*
17
1,240
StoneCo
Ltd.,
Class
a
A*
258
4,334
SWK
Holdings
Corp.
3
49
Velocity
Financial,
Inc.*
12
223
Walker
&
Dunlop,
Inc.
34
1,564
Waterstone
Financial,
Inc.
16
285
63,276
Food
Products
—
0.2%
Alico,
Inc.
6
248
B&G
Foods,
Inc.
80
425
Beyond
Meat,
Inc.*
393
372
BRC,
Inc.,
Class
a
A*
95
60
Calavo
Growers,
Inc.
17
456
Cal-Maine
Foods,
Inc.
45
3,920
Dole
plc
85
1,363
Forafric
Global
plc*
6
58
Fresh
Del
Monte
Produce,
Inc.
34
1,460
Hain
Celestial
Group,
Inc.
(The)*
93
74
J
&
J
Snack
Foods
Corp.
16
1,393
John
B
Sanfilippo
&
Son,
Inc.
8
661
Lifeway
Foods,
Inc.*
5
111
Limoneira
Co.
17
239
Mama's
Creations,
Inc.*
38
651
Marzetti
Co.
(The)
21
3,451
Mission
Produce,
Inc.*
44
624
Seneca
Foods
Corp.,
Class
a
A*
5
695
Simply
Good
Foods
Co.
(The)*
95
1,621
SunOpta,
Inc.*
98
635
Tootsie
Roll
Industries,
Inc.
19
802
Utz
Brands,
Inc.
76
706
Vital
Farms,
Inc.*
36
759
Westrock
Coffee
Co.*
37
163
20,947
Gas
Utilities
—
0.1%
Brookfield
Infrastructure
Corp.,
Class
a
A
124
6,185
Chesapeake
Utilities
Corp.
24
3,263
New
Jersey
Resources
Corp.
104
5,641
Northwest
Natural
Holding
Co.
42
2,228
ONE
Gas,
Inc.
61
5,334
RGC
Resources,
Inc.
8
176
Southwest
Gas
Holdings,
Inc.
66
5,819
Spire,
Inc.
60
5,497
34,143
Ground
Transportation
—
0.0%(a)
ArcBest
Corp.
23
2,361
Covenant
Logistics
Group,
Inc.,
Class
a
A
16
471
FTAI
Infrastructure,
Inc.
112
650
Heartland
Express,
Inc.
45
496
Investments
Shares
Value
Common
Stocks
(continued)
Hertz
Global
Holdings,
Inc.*
121
$
549
Marten
Transport
Ltd.
60
815
PAMT
Corp.*
5
50
Proficient
Auto
Logistics,
Inc.*
25
189
RXO,
Inc.*
167
2,665
Universal
Logistics
Holdings,
Inc.
7
116
Werner
Enterprises,
Inc.
62
2,176
10,538
Health
Care
Equipment
&
Supplies
—
0.2%
Accuray,
Inc.*
102
59
Acme
United
Corp.
3
135
Alphatec
Holdings,
Inc.*
121
1,648
AngioDynamics,
Inc.*
40
458
Anteris
Technologies
Global
Corp.*
35
228
Artivion,
Inc.*
43
1,655
AtriCure,
Inc.*
50
1,563
Avanos
Medical,
Inc.*
46
649
Axogen,
Inc.*
46
1,460
Beta
Bionics,
Inc.*
40
505
Bioventus,
Inc.,
Class
a
A*
47
413
Butterfly
Network,
Inc.*
201
762
CapsoVision,
Inc.*
6
33
Carlsmed,
Inc.*
7
102
Ceribell,
Inc.*
27
504
Cerus
Corp.*
189
484
ClearPoint
Neuro,
Inc.*
27
339
CONMED
Corp.
32
1,472
CVRx,
Inc.*
16
131
Delcath
Systems,
Inc.*
31
276
Electromed,
Inc.*
7
166
Embecta
Corp.
60
616
Enovis
Corp.*
59
1,503
Glaukos
Corp.*
57
6,863
Haemonetics
Corp.*
49
3,103
ICU
Medical,
Inc.*
25
3,764
Inogen,
Inc.*
24
146
Integer
Holdings
Corp.*
35
3,034
Integra
LifeSciences
Holdings
Corp.*
69
785
iRadimed
Corp.
8
828
IRhythm
Holdings,
Inc.*
33
4,414
Kestra
Medical
Technologies
Ltd.*
20
466
KORU
Medical
Systems,
Inc.*
44
210
Lantheus
Holdings,
Inc.*
69
5,169
LeMaitre
Vascular,
Inc.
21
2,272
LENSAR,
Inc.*
10
120
LivaNova
plc*
56
3,954
Lucid
Diagnostics,
Inc.*
92
132
Merit
Medical
Systems,
Inc.*
60
4,631
Myomo,
Inc.*
36
28
Neogen
Corp.*
224
2,516
Neuronetics,
Inc.*
40
54
NeuroPace,
Inc.*
26
379
Novocure
Ltd.*
104
1,422
Omnicell,
Inc.*
47
1,932
OraSure
Technologies,
Inc.*
73
230
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
20
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Orthofix
Medical,
Inc.*
40
$
541
OrthoPediatrics
Corp.*
17
326
Outset
Medical,
Inc.*
17
59
Picard
Medical,
Inc.*
5
5
PROCEPT
BioRobotics
Corp.*
55
1,248
Pro-Dex,
Inc.*
2
89
Pulmonx
Corp.*
40
63
Pulse
Biosciences,
Inc.*
18
337
QuidelOrtho
Corp.*
70
1,592
RxSight,
Inc.*
36
269
Sanara
Medtech,
Inc.*
3
61
SANUWAVE
Health,
Inc.*
8
195
Shoulder
Innovations,
Inc.*
5
68
SI-BONE,
Inc.*
40
621
Sight
Sciences,
Inc.*
43
222
STAAR
Surgical
Co.*
51
1,015
Stereotaxis,
Inc.*
62
134
Tactile
Systems
Technology,
Inc.*
23
674
Tandem
Diabetes
Care,
Inc.*
70
1,771
TransMedics
Group,
Inc.*
34
4,939
Treace
Medical
Concepts,
Inc.*
49
91
UFP
Technologies,
Inc.*
8
1,685
Utah
Medical
Products,
Inc.
3
200
Varex
Imaging
Corp.*
42
553
78,371
Health
Care
Providers
&
Services
—
0.4%
Accendra
Health,
Inc.*
77
186
AdaptHealth
Corp.,
Class
a
A*
105
961
Addus
HomeCare
Corp.*
19
1,967
agilon
health,
Inc.*
317
187
AirSculpt
Technologies,
Inc.*
17
27
Alignment
Healthcare,
Inc.*
174
3,344
AMN
Healthcare
Services,
Inc.*
39
760
Ardent
Health,
Inc.*
24
225
Astrana
Health,
Inc.*
42
854
Aveanna
Healthcare
Holdings,
Inc.*
71
523
BrightSpring
Health
Services,
Inc.*
114
4,723
Brookdale
Senior
Living,
Inc.*
239
3,657
Castle
Biosciences,
Inc.*
29
858
Clover
Health
Investments
Corp.,
Class
a
A*
419
876
Community
Health
Systems,
Inc.*
132
457
Concentra
Group
Holdings
Parent,
Inc.
120
2,875
CorVel
Corp.*
30
1,547
Cross
Country
Healthcare,
Inc.*
32
278
DocGo,
Inc.*
92
66
Enhabit,
Inc.*
51
694
Ensign
Group,
Inc.
(The)
58
12,422
Fulgent
Genetics,
Inc.*
21
322
GeneDx
Holdings
Corp.,
Class
a
A*
20
1,594
Guardant
Health,
Inc.*
125
11,737
Guardian
Pharmacy
Services,
Inc.,
Class
a
A*
23
771
HealthEquity,
Inc.*
88
6,731
Investments
Shares
Value
Common
Stocks
(continued)
Hims
&
Hers
Health,
Inc.*
210
$
3,049
Innovage
Holding
Corp.*
21
188
Joint
Corp.
(The)*
15
132
LifeStance
Health
Group,
Inc.*
171
1,238
Nano-X
Imaging
Ltd.*
66
156
National
HealthCare
Corp.
13
2,125
National
Research
Corp.
12
161
NeoGenomics,
Inc.*
132
1,298
Nutex
Health,
Inc.*
4
442
Omada
Health,
Inc.*
10
123
Oncology
Institute,
Inc.
(The)*
70
202
OPKO
Health,
Inc.*
422
506
Option
Care
Health,
Inc.*
164
5,323
PACS
Group,
Inc.*
45
1,643
Pediatrix
Medical
Group,
Inc.*
89
1,767
Pennant
Group,
Inc.
(The)*
35
1,180
Privia
Health
Group,
Inc.*
119
2,826
Progyny,
Inc.*
77
1,362
RadNet,
Inc.*
70
4,887
SBC
Medical
Group
Holdings,
Inc.*
12
46
Select
Medical
Holdings
Corp.
110
1,647
Sonida
Senior
Living,
Inc.*
6
215
Strata
Critical
Medical,
Inc.*
70
300
Surgery
Partners,
Inc.*
79
1,224
Talkspace,
Inc.*
148
713
US
Physical
Therapy,
Inc.
15
1,244
Viemed
Healthcare,
Inc.*
35
304
92,943
Health
Care
REITs
—
0.2%
American
Healthcare
REIT,
Inc.
174
9,090
CareTrust
REIT,
Inc.
231
9,383
Chiron
Real
Estate,
Inc.,
REIT
13
450
Community
Healthcare
Trust,
Inc.,
REIT
28
479
Diversified
Healthcare
Trust,
REIT
225
1,521
LTC
Properties,
Inc.,
REIT
47
1,865
National
Health
Investors,
Inc.,
REIT
48
4,035
Sabra
Health
Care
REIT,
Inc.
244
5,014
Sila
Realty
Trust,
Inc.,
REIT
57
1,467
Strawberry
Fields
REIT,
Inc.
8
102
Universal
Health
Realty
Income
Trust,
REIT
13
567
33,973
Health
Care
Technology
—
0.0%(a)
Claritev
Corp.*
8
108
Definitive
Healthcare
Corp.,
Class
a
A*
31
40
Evolent
Health,
Inc.,
Class
a
A*
120
390
Health
Catalyst,
Inc.*
69
112
HealthStream,
Inc.
24
510
HeartFlow,
Inc.*
20
463
LifeMD,
Inc.*
40
107
OptimizeRx
Corp.*
16
121
Phreesia,
Inc.*
59
727
Schrodinger,
Inc.*
58
699
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
21
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Simulations
Plus,
Inc.*
17
$
208
Teladoc
Health,
Inc.*
183
963
TruBridge,
Inc.*
10
193
Waystar
Holding
Corp.*
113
2,898
7,539
Hotel
&
Resort
REITs
—
0.1%
Apple
Hospitality
REIT,
Inc.
230
2,820
Braemar
Hotels
&
Resorts,
Inc.,
REIT
57
166
Chatham
Lodging
Trust,
REIT
48
370
DiamondRock
Hospitality
Co.,
REIT
212
2,129
Pebblebrook
Hotel
Trust,
REIT
121
1,552
RLJ
Lodging
Trust,
REIT
141
1,131
Ryman
Hospitality
Properties,
Inc.,
REIT
63
6,221
Service
Properties
Trust,
REIT
159
366
Summit
Hotel
Properties,
Inc.,
REIT
109
492
Sunstone
Hotel
Investors,
Inc.,
REIT
187
1,735
Xenia
Hotels
&
Resorts,
Inc.,
REIT
98
1,497
18,479
Hotels,
Restaurants
&
Leisure
—
0.1%
Accel
Entertainment,
Inc.,
Class
a
A*
52
591
Bally's
Corp.*
10
142
Biglari
Holdings,
Inc.,
Class
a
B*
1
388
BJ's
Restaurants,
Inc.*
21
798
Black
Rock
Coffee
Bar,
Inc.,
Class
a
A*
17
227
Bloomin'
Brands,
Inc.
86
526
Brightstar
Lottery
plc
108
1,464
Brinker
International,
Inc.*
45
6,669
Cheesecake
Factory,
Inc.
(The)
47
3,045
Cracker
Barrel
Old
Country
Store,
Inc.
23
753
Dave
&
Buster's
Entertainment,
Inc.*
28
412
Dine
Brands
Global,
Inc.
15
464
El
Pollo
Loco
Holdings,
Inc.*
29
321
First
Watch
Restaurant
Group,
Inc.*
56
698
Genius
Sports
Ltd.*
224
1,391
Global
Business
Travel
Group
I*
134
733
Golden
Entertainment,
Inc.
20
578
Hilton
Grand
Vacations,
Inc.*
62
2,787
Inspired
Entertainment,
Inc.*
26
212
Jack
in
the
Box,
Inc.
18
305
Krispy
Kreme,
Inc.
79
296
Kura
Sushi
USA,
Inc.,
Class
a
A*
6
423
Life
Time
Group
Holdings,
Inc.*
155
4,185
Lindblad
Expeditions
Holdings,
Inc.*
39
769
Marriott
Vacations
Worldwide
Corp.
29
1,885
Monarch
Casino
&
Resort,
Inc.
13
1,249
Nathan's
Famous,
Inc.
3
302
Investments
Shares
Value
Common
Stocks
(continued)
Navan,
Inc.,
Class
a
A*
38
$
370
Papa
John's
International,
Inc.
34
1,066
Portillo's,
Inc.,
Class
a
A*
68
363
Pursuit
Attractions
and
Hospitality,
Inc.*
22
765
RCI
Hospitality
Holdings,
Inc.
8
177
Red
Rock
Resorts,
Inc.,
Class
a
A
50
3,027
Rush
Street
Interactive,
Inc.*
94
1,856
Sabre
Corp.*
380
448
Serve
Robotics,
Inc.*
64
639
Shake
Shack,
Inc.,
Class
a
A*
40
3,840
Six
Flags
Entertainment
Corp.*
98
1,669
Super
Group
SGHC
Ltd.
163
1,744
Sweetgreen,
Inc.,
Class
a
A*
106
588
Target
Hospitality
Corp.*
33
257
United
Parks
&
Resorts,
Inc.*
28
974
Xponential
Fitness,
Inc.,
Class
a
A*
28
119
49,515
Household
Durables
—
0.5%
Bassett
Furniture
Industries,
Inc.
8
120
Beazer
Homes
USA,
Inc.*
28
716
Cavco
Industries,
Inc.*
8
4,618
Century
Communities,
Inc.
27
1,815
Champion
Homes,
Inc.*
58
5,422
Cricut,
Inc.,
Class
a
A
49
211
Dream
Finders
Homes,
Inc.,
Class
a
A*
30
542
Ethan
Allen
Interiors,
Inc.
24
547
Flexsteel
Industries,
Inc.
4
206
Green
Brick
Partners,
Inc.*
32
2,357
Hamilton
Beach
Brands
Holding
Co.,
Class
a
A
7
133
Helen
of
Troy
Ltd.*
24
423
Hovnanian
Enterprises,
Inc.,
Class
a
A*
5
628
Installed
Building
Products,
Inc.
24
7,866
KB
Home
65
4,133
La-Z-Boy,
Inc.
43
1,536
Legacy
Housing
Corp.*
9
197
Leggett
&
Platt,
Inc.
137
1,600
LGI
Homes,
Inc.*
21
1,090
Lovesac
Co.
(The)*
14
179
M/I
Homes,
Inc.*
27
3,838
Meritage
Homes
Corp.
71
5,355
Sonos,
Inc.*
123
1,894
Taylor
Morrison
Home
Corp.,
Class
a
A*
99
6,523
Traeger,
Inc.*
34
29
Tri
Pointe
Homes,
Inc.*
87
4,028
56,006
Household
Products
—
0.0%(a)
Central
Garden
&
Pet
Co.*
9
353
Central
Garden
&
Pet
Co.,
Class
a
A*
52
1,796
Energizer
Holdings,
Inc.
64
1,382
Oil-Dri
Corp.
of
America
10
678
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
22
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Spectrum
Brands
Holdings,
Inc.
24
$
1,881
WD-40
Co.
14
3,335
9,425
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
Hallador
Energy
Co.*
32
582
Montauk
Renewables,
Inc.*
69
106
Ormat
Technologies,
Inc.
63
6,533
7,221
Industrial
Conglomerates
—
0.0%(a)
Brookfield
Business
Corp.,
Class
a
A
24
827
Industrial
REITs
—
0.1%
Industrial
Logistics
Properties
Trust,
REIT
55
322
Innovative
Industrial
Properties,
Inc.,
REIT
29
1,536
LXP
Industrial
Trust,
REIT
60
2,974
One
Liberty
Properties,
Inc.,
REIT
19
446
Terreno
Realty
Corp.,
REIT
105
6,936
12,214
Insurance
—
0.1%
Abacus
Global
Management,
Inc.
41
374
American
Coastal
Insurance
Corp.
25
285
American
Integrity
Insurance
Group,
Inc.*
8
163
AMERISAFE,
Inc.
19
618
Ategrity
Specialty
Holdings
LLC*
7
155
Baldwin
Insurance
Group,
Inc.
(The),
Class
a
A*
73
1,696
Bowhead
Specialty
Holdings,
Inc.*
18
456
Citizens,
Inc.,
Class
a
A*
46
249
CNO
Financial
Group,
Inc.
99
4,139
Crawford
&
Co.,
Class
a
A
17
183
Donegal
Group,
Inc.,
Class
a
A
17
300
eHealth,
Inc.*
30
39
Employers
Holdings,
Inc.
23
951
F&G
Annuities
&
Life,
Inc.
38
861
Fidelis
Insurance
Holdings
Ltd.
57
1,086
Genworth
Financial,
Inc.,
Class
a
A*
417
3,519
GoHealth,
Inc.,
Class
a
A*
10
14
Goosehead
Insurance,
Inc.,
Class
a
A*
24
1,301
Greenlight
Capital
Re
Ltd.,
Class
a
A*
27
383
Hamilton
Insurance
Group
Ltd.,
Class
a
B*
46
1,453
HCI
Group,
Inc.
11
1,941
Heritage
Insurance
Holdings,
Inc.*
25
697
Hippo
Holdings,
Inc.*
18
518
Horace
Mann
Educators
Corp.
42
1,827
Investments
Shares
Value
Common
Stocks
(continued)
Investors
Title
Co.
1
$
231
James
River
Group
Holdings,
Inc.
38
266
Kestrel
Group
Ltd.
3
46
Kingstone
Cos.,
Inc.
12
198
Kingsway
Financial
Services,
Inc.*
22
269
Lemonade,
Inc.*
62
3,208
MBIA,
Inc.*
47
308
Mercury
General
Corp.
28
2,536
NI
Holdings,
Inc.*
7
93
Octave
Specialty
Group,
Inc.*
42
225
Oscar
Health,
Inc.,
Class
a
A*
203
2,769
Palomar
Holdings,
Inc.*
27
3,340
ProAssurance
Corp.*
52
1,277
Root,
Inc.,
Class
a
A*
13
674
Safety
Insurance
Group,
Inc.
15
1,164
Selective
Insurance
Group,
Inc.
62
5,210
Selectquote,
Inc.*
144
124
SiriusPoint
Ltd.*
105
2,220
Skyward
Specialty
Insurance
Group,
Inc.*
37
1,719
Slide
Insurance
Holdings,
Inc.*
27
513
Stewart
Information
Services
Corp.
29
2,059
Tiptree,
Inc.,
Class
a
A
24
409
Trupanion,
Inc.*
38
1,009
United
Fire
Group,
Inc.
22
855
Universal
Insurance
Holdings,
Inc.
26
914
54,844
Interactive
Media
&
Services
—
0.0%(a)
Angi,
Inc.,
Class
a
A*
37
288
Arena
Group
Holdings,
Inc.
(The)*
13
37
Bumble,
Inc.,
Class
a
A*
75
228
Cargurus,
Inc.,
Class
a
A*
84
2,579
Cars.com,
Inc.*
55
470
EverQuote,
Inc.,
Class
a
A*
30
474
fuboTV,
Inc.*
342
400
Getty
Images
Holdings,
Inc.*
113
88
Grindr,
Inc.*
34
387
MediaAlpha,
Inc.,
Class
a
A*
35
348
Nextdoor
Holdings,
Inc.*
223
390
QuinStreet,
Inc.*
57
668
Rumble,
Inc.*
109
590
Shutterstock,
Inc.
25
420
Teads
Holding
Co.*
37
32
Travelzoo*
6
39
TripAdvisor,
Inc.*
117
1,183
Webtoon
Entertainment,
Inc.*
18
202
Yelp,
Inc.,
Class
a
A*
62
1,382
Ziff
Davis,
Inc.*
42
1,137
ZipRecruiter,
Inc.,
Class
a
A*
64
116
11,458
IT
Services
—
0.1%
Applied
Digital
Corp.*
244
6,654
ASGN,
Inc.*
43
1,845
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
23
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Backblaze,
Inc.,
Class
a
A*
57
$
214
BigBear.ai
Holdings,
Inc.*
445
1,762
Commerce.com,
Inc.,
Series
1*
69
192
Crexendo,
Inc.*
18
105
CSP,
Inc.
7
63
DigitalOcean
Holdings,
Inc.*
70
3,924
Fastly,
Inc.,
Class
a
A*
143
2,734
Grid
Dynamics
Holdings,
Inc.*
68
459
Hackett
Group,
Inc.
(The)
26
355
Information
Services
Group,
Inc.
36
173
Rackspace
Technology,
Inc.*
86
168
TSS,
Inc.*
22
227
Tucows,
Inc.,
Class
a
A*
7
127
Unisys
Corp.*
68
165
VTEX,
Class
a
A*
58
199
Whitefiber,
Inc.*
11
185
19,551
Leisure
Products
—
0.0%(a)
Acushnet
Holdings
Corp.
28
2,865
American
Outdoor
Brands,
Inc.*
13
118
Callaway
Golf
Co.*
135
1,898
Clarus
Corp.
30
95
Escalade,
Inc.
10
144
Funko,
Inc.,
Class
a
A*
42
210
JAKKS
Pacific,
Inc.
9
197
Johnson
Outdoors,
Inc.,
Class
a
A
6
291
Latham
Group,
Inc.*
46
309
Malibu
Boats,
Inc.,
Class
a
A*
19
552
Marine
Products
Corp.
9
68
MasterCraft
Boat
Holdings,
Inc.*
16
347
Peloton
Interactive,
Inc.,
Class
a
A*
407
1,636
Polaris,
Inc.
55
3,341
Smith
&
Wesson
Brands,
Inc.
45
535
Sturm
Ruger
&
Co.,
Inc.
15
562
13,168
Life
Sciences
Tools
&
Services
—
0.0%(a)
10X
Genomics,
Inc.,
Class
a
A*
113
2,605
Adaptive
Biotechnologies
Corp.*
153
2,451
Alpha
Teknova,
Inc.*
11
28
Atlantic
International
Corp.*
6
19
Azenta,
Inc.*
42
1,133
BioLife
Solutions,
Inc.*
42
1,016
Codexis,
Inc.*
92
93
CryoPort,
Inc.*
50
421
Cytek
Biosciences,
Inc.*
121
542
Fortrea
Holdings,
Inc.*
94
1,008
Ginkgo
Bioworks
Holdings,
Inc.*
42
283
Lifecore
Biomedical,
Inc.*
29
209
Maravai
LifeSciences
Holdings,
Inc.,
Class
a
A*
112
399
MaxCyte,
Inc.*
104
84
Mesa
Laboratories,
Inc.
5
483
Investments
Shares
Value
Common
Stocks
(continued)
OmniAb,
Inc.*
108
$
186
Pacific
Biosciences
of
California,
Inc.*
283
475
Personalis,
Inc.*
51
462
Quanterix
Corp.*
45
295
Quantum-Si,
Inc.*
161
154
Standard
BioTools,
Inc.*
307
347
12,693
Machinery
—
0.7%
3D
Systems
Corp.*
128
247
Aebi
Schmidt
Holding
AG
39
562
AirJoule
Technologies
Corp.*
25
81
Alamo
Group,
Inc.
11
2,349
Albany
International
Corp.,
Class
a
A
30
1,730
Alliance
Laundry
Holdings,
Inc.*
45
1,009
Astec
Industries,
Inc.
23
1,428
Atmus
Filtration
Technologies,
Inc.
86
5,550
Blue
Bird
Corp.*
33
1,923
CECO
Environmental
Corp.*
30
1,813
Chart
Industries,
Inc.*
46
9,536
Columbus
McKinnon
Corp.
29
550
Douglas
Dynamics,
Inc.
23
1,056
Eastern
Co.
(The)
6
111
Energy
Recovery,
Inc.*
53
553
Enerpac
Tool
Group
Corp.,
Class
a
A
55
2,244
Enpro,
Inc.
22
5,690
ESCO
Technologies,
Inc.
27
7,487
Federal
Signal
Corp.
62
7,219
Franklin
Electric
Co.,
Inc.
40
3,985
Gencor
Industries,
Inc.*
11
172
Gorman-Rupp
Co.
(The)
22
1,413
Graham
Corp.*
11
893
Greenbrier
Cos.,
Inc.
(The)
31
1,749
Helios
Technologies,
Inc.
34
2,425
Hillman
Solutions
Corp.*
203
1,665
Hyster-Yale,
Inc.
12
442
JBT
Marel
Corp.
54
8,316
Kadant,
Inc.
12
4,070
Kennametal,
Inc.
78
3,142
L
B
Foster
Co.,
Class
a
A*
10
307
Lindsay
Corp.
11
1,482
Luxfer
Holdings
plc
27
347
Manitowoc
Co.,
Inc.
(The)*
35
516
Mayville
Engineering
Co.,
Inc.*
13
273
Microvast
Holdings,
Inc.*
204
457
Miller
Industries,
Inc.
11
462
Mueller
Water
Products,
Inc.,
Class
a
A
160
4,789
Omega
Flex,
Inc.
4
144
Palladyne
AI
Corp.*
31
218
Park-Ohio
Holdings
Corp.
10
257
Proto
Labs,
Inc.*
24
1,490
Richtech
Robotics,
Inc.,
Class
a
B*
157
391
SPX
Technologies,
Inc.*
49
11,120
Standex
International
Corp.
12
3,144
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
24
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Tennant
Co.
19
$
1,160
Terex
Corp.
115
7,911
Titan
International,
Inc.*
50
486
Trinity
Industries,
Inc.
83
2,837
Wabash
National
Corp.
40
406
Watts
Water
Technologies,
Inc.,
Class
a
A
28
9,205
Worthington
Enterprises,
Inc.
32
1,792
128,604
Marine
Transportation
—
0.0%(a)
Costamare
Bulkers
Holdings
Ltd.*
9
172
Costamare,
Inc.
45
791
Genco
Shipping
&
Trading
Ltd.
32
770
Himalaya
Shipping
Ltd.
29
427
Matson,
Inc.
32
5,316
Pangaea
Logistics
Solutions
Ltd.
31
290
Safe
Bulkers,
Inc.
53
348
8,114
Media
—
0.1%
Advantage
Solutions,
Inc.*
97
51
AMC
Networks,
Inc.,
Class
a
A*
32
261
Boston
Omaha
Corp.,
Class
a
A*
22
272
Cable
One,
Inc.*
5
480
EchoStar
Corp.,
Class
a
A*
139
16,059
Emerald
Holding,
Inc.
14
58
Entravision
Communications
Corp.,
Class
a
A
64
198
EW
Scripps
Co.
(The),
Class
a
A*
65
270
Gambling.com
Group
Ltd.*
19
83
Gray
Media,
Inc.
90
467
Ibotta,
Inc.,
Class
a
A*
14
350
iHeartMedia,
Inc.,
Class
a
A*
125
409
John
Wiley
&
Sons,
Inc.,
Class
a
A
42
1,303
Magnite,
Inc.*
144
1,961
National
CineMedia,
Inc.
68
242
Newsmax,
Inc.,
Class
a
B*
49
291
Nexxen
International
Ltd.*
35
225
Optimum
Communications,
Inc.,
Class
a
A*
268
386
PubMatic,
Inc.,
Class
a
A*
39
316
Scholastic
Corp.
21
730
Sinclair,
Inc.
40
654
Stagwell,
Inc.,
Class
a
A*
115
554
TechTarget,
Inc.*
30
105
TEGNA,
Inc.
165
3,457
Thryv
Holdings,
Inc.*
38
88
USA
Today
Co.,
Inc.*
145
863
30,133
Metals
&
Mining
—
0.4%
Alpha
Metallurgical
Resources,
Inc.*
12
1,952
American
Battery
Technology
Co.*
116
428
Caledonia
Mining
Corp.
plc
17
540
Investments
Shares
Value
Common
Stocks
(continued)
Century
Aluminum
Co.*
54
$
2,784
Coeur
Mining,
Inc.*
657
17,838
Commercial
Metals
Co.
114
8,356
Compass
Minerals
International,
Inc.*
36
907
Constellium
SE,
Class
a
A*
141
3,509
Contango
ORE,
Inc.*
11
331
Critical
Metals
Corp.*
47
477
Dakota
Gold
Corp.*
92
640
Ferroglobe
plc
123
629
Friedman
Industries,
Inc.
7
130
Hecla
Mining
Co.
653
16,266
Idaho
Strategic
Resources,
Inc.*
15
646
Ivanhoe
Electric,
Inc.*
109
1,874
Kaiser
Aluminum
Corp.
17
2,212
Lifezone
Metals
Ltd.*
28
130
Materion
Corp.
21
3,424
Metallus,
Inc.*
38
646
NioCorp
Developments
Ltd.*
110
583
Novagold
Resources,
Inc.*
311
4,143
Perpetua
Resources
Corp.*
87
3,207
Ramaco
Resources,
Inc.,
Class
a
A*
43
651
Ramaco
Resources,
Inc.,
Class
a
B
1
12
Ryerson
Holding
Corp.
45
1,177
SSR
Mining,
Inc.*
209
6,728
SunCoke
Energy,
Inc.
87
496
Tredegar
Corp.*
27
248
United
States
Antimony
Corp.*
122
1,091
US
Gold
Corp.*
12
260
US
Goldmining,
Inc.*
2
24
USA
Rare
Earth,
Inc.*
91
1,720
Vox
Royalty
Corp.
61
392
Warrior
Met
Coal,
Inc.
53
4,412
Worthington
Steel,
Inc.
34
1,413
90,276
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.0%(a)
ACRES
Commercial
Realty
Corp.*
6
111
Adamas
Trust,
Inc.
87
717
Angel
Oak
Mortgage
REIT,
Inc.
14
120
Apollo
Commercial
Real
Estate
Finance,
Inc.
143
1,516
Arbor
Realty
Trust,
Inc.
199
1,578
Ares
Commercial
Real
Estate
Corp.
54
271
ARMOUR
Residential
REIT,
Inc.
116
2,082
Blackstone
Mortgage
Trust,
Inc.,
Class
a
A
163
3,131
BrightSpire
Capital,
Inc.,
Class
a
A
132
767
Chicago
Atlantic
Real
Estate
Finance,
Inc.
19
231
Chimera
Investment
Corp.
85
1,157
Claros
Mortgage
Trust,
Inc.*
95
227
Dynex
Capital,
Inc.
151
2,119
Ellington
Financial,
Inc.
100
1,242
Franklin
BSP
Realty
Trust,
Inc.
84
767
Invesco
Mortgage
Capital,
Inc.
74
624
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
25
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
KKR
Real
Estate
Finance
Trust,
Inc.
57
$
396
Ladder
Capital
Corp.,
Class
a
A
117
1,213
Lument
Finance
Trust,
Inc.
47
65
MFA
Financial,
Inc.
106
1,072
Nexpoint
Real
Estate
Finance,
Inc.
8
116
Orchid
Island
Capital,
Inc.
157
1,168
PennyMac
Mortgage
Investment
Trust
90
1,103
Ready
Capital
Corp.
152
281
Redwood
Trust,
Inc.
130
786
Rithm
Property
Trust,
Inc.
7
102
Seven
Hills
Realty
Trust
23
197
Sunrise
Realty
Trust,
Inc.
10
94
TPG
Mortgage
Investment
Trust,
Inc.
29
235
TPG
RE
Finance
Trust,
Inc.
69
584
Two
Harbors
Investment
Corp.
107
1,105
25,177
Multi-Utilities
—
0.0%(a)
Avista
Corp.
83
3,371
Black
Hills
Corp.
75
5,525
Northwestern
Energy
Group,
Inc.
63
4,407
Unitil
Corp.
18
942
14,245
Office
REITs
—
0.0%(a)
Brandywine
Realty
Trust,
REIT
177
565
COPT
Defense
Properties,
REIT
117
3,718
Douglas
Emmett,
Inc.,
REIT
166
1,642
Easterly
Government
Properties,
Inc.,
Class
a
A,
REIT
44
1,024
Empire
State
Realty
Trust,
Inc.,
Class
a
A,
REIT
144
847
Franklin
Street
Properties
Corp.,
REIT
81
67
Hudson
Pacific
Properties,
Inc.,
REIT*
56
405
JBG
SMITH
Properties,
REIT
61
928
NET
Lease
Office
Properties,
REIT
15
205
Peakstone
Realty
Trust,
REIT
38
793
Piedmont
Realty
Trust,
Inc.,
Class
a
A,
REIT*
128
972
Postal
Realty
Trust,
Inc.,
Class
a
A,
REIT
24
498
SL
Green
Realty
Corp.,
REIT
74
2,727
14,391
Oil,
Gas
&
Consumable
Fuels
—
0.4%
Ardmore
Shipping
Corp.
35
573
BKV
Corp.*
23
721
California
Resources
Corp.
75
4,413
Calumet,
Inc.*
71
1,914
Centrus
Energy
Corp.,
Class
a
A*
17
3,444
Clean
Energy
Fuels
Corp.*
178
402
CNX
Resources
Corp.*
134
5,599
Comstock
Resources,
Inc.*
76
1,490
Investments
Shares
Value
Common
Stocks
(continued)
Core
Natural
Resources,
Inc.
52
$
4,268
Crescent
Energy
Co.,
Class
a
A
242
2,822
CVR
Energy,
Inc.*
32
773
Delek
US
Holdings,
Inc.
61
2,325
DHT
Holdings,
Inc.
139
2,709
Diversified
Energy
Co.
64
881
Dorian
LPG
Ltd.
38
1,406
Empire
Petroleum
Corp.*
16
53
Encore
Energy
Corp.*
189
510
Energy
Fuels,
Inc.*
234
4,989
Epsilon
Energy
Ltd.
20
102
Evolution
Petroleum
Corp.
32
143
Excelerate
Energy,
Inc.,
Class
a
A
24
966
FLEX
LNG
Ltd.
32
874
FutureFuel
Corp.
26
112
Gevo,
Inc.*
237
431
Golar
LNG
Ltd.
100
4,446
Granite
Ridge
Resources,
Inc.
55
278
Green
Plains,
Inc.*
69
947
Gulfport
Energy
Corp.*
16
3,339
HighPeak
Energy,
Inc.
23
120
Infinity
Natural
Resources,
Inc.,
Class
a
A*
16
266
International
Seaways,
Inc.
41
3,097
Kinetik
Holdings,
Inc.,
Class
a
A
45
2,047
Kolibri
Global
Energy,
Inc.*
31
118
Kosmos
Energy
Ltd.*
487
1,135
Lightbridge
Corp.*
27
349
Magnolia
Oil
&
Gas
Corp.,
Class
a
A
186
5,175
Murphy
Oil
Corp.
139
4,608
NACCO
Industries,
Inc.,
Class
a
A
4
230
Navigator
Holdings
Ltd.
32
673
New
Fortress
Energy,
Inc.*
180
196
NextDecade
Corp.*
139
749
NextNRG,
Inc.*
37
24
Nordic
American
Tankers
Ltd.
210
1,203
Northern
Oil
&
Gas,
Inc.
98
2,704
OPAL
Fuels,
Inc.,
Class
a
A*
22
46
Par
Pacific
Holdings,
Inc.*
51
2,176
PBF
Energy,
Inc.,
Class
a
A
86
3,062
Peabody
Energy
Corp.
126
3,974
Prairie
Operating
Co.*
30
53
REX
American
Resources
Corp.*
30
1,067
Riley
Exploration
Permian,
Inc.
15
433
Sable
Offshore
Corp.*
78
643
SandRidge
Energy,
Inc.
37
649
Scorpio
Tankers,
Inc.
46
3,638
SFL
Corp.
Ltd.
124
1,365
SM
Energy
Co.
256
5,921
Summit
Midstream
Corp.*
10
295
Talos
Energy,
Inc.*
134
1,641
Teekay
Corp.
Ltd.
55
712
Teekay
Tankers
Ltd.,
Class
a
A
25
1,957
Uranium
Energy
Corp.*
490
7,512
VAALCO
Energy,
Inc.
106
546
Verde
Clean
Fuels,
Inc.*
4
6
Vitesse
Energy,
Inc.
30
579
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
26
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
W&T
Offshore,
Inc.
102
$
270
World
Kinect
Corp.
56
1,397
XCF
Global,
Inc.,
Class
a
A*
39
8
111,574
Paper
&
Forest
Products
—
0.0%(a)
Clearwater
Paper
Corp.*
16
240
Magnera
Corp.*
33
427
Sylvamo
Corp.
35
1,620
2,287
Passenger
Airlines
—
0.0%(a)
Allegiant
Travel
Co.*
15
1,532
flyExclusive,
Inc.*
5
10
Frontier
Group
Holdings,
Inc.*
87
386
JetBlue
Airways
Corp.*
305
1,690
Joby
Aviation,
Inc.*
529
5,322
SkyWest,
Inc.*
42
4,371
Sun
Country
Airlines
Holdings,
Inc.*
52
1,023
14,334
Personal
Care
Products
—
0.0%(a)
Beauty
Health
Co.
(The)*
117
122
Edgewell
Personal
Care
Co.
46
1,046
FitLife
Brands,
Inc.*
4
60
Herbalife
Ltd.*
105
2,050
Honest
Co.,
Inc.
(The)*
96
269
Interparfums,
Inc.
19
1,915
Lifevantage
Corp.
11
51
Medifast,
Inc.*
11
116
Nature's
Sunshine
Products,
Inc.*
17
471
Niagen
Bioscience,
Inc.*
54
273
Nu
Skin
Enterprises,
Inc.,
Class
a
A
50
424
Olaplex
Holdings,
Inc.*
144
232
USANA
Health
Sciences,
Inc.*
11
237
Waldencast
plc,
Class
a
A*
43
73
7,339
Pharmaceuticals
—
0.1%
Aardvark
Therapeutics,
Inc.*
13
162
Aclaris
Therapeutics,
Inc.*
94
270
Alumis,
Inc.*
58
1,722
Amneal
Pharmaceuticals,
Inc.*
154
2,127
Amphastar
Pharmaceuticals,
Inc.*
37
749
Amylyx
Pharmaceuticals,
Inc.*
91
1,380
ANI
Pharmaceuticals,
Inc.*
19
1,404
Aquestive
Therapeutics,
Inc.*
107
428
Arvinas,
Inc.*
67
889
Atea
Pharmaceuticals,
Inc.*
73
342
Atrium
Therapeutics,
Inc.*
12
176
Axsome
Therapeutics,
Inc.*
42
6,883
BioAge
Labs,
Inc.*
24
534
Biote
Corp.,
Class
a
A*
30
64
Collegium
Pharmaceutical,
Inc.*
32
1,333
CorMedix,
Inc.*
76
542
Crinetics
Pharmaceuticals,
Inc.*
100
4,110
Investments
Shares
Value
Common
Stocks
(continued)
Definium
Therapeutics,
Inc.*
97
$
1,693
Edgewise
Therapeutics,
Inc.*
69
2,100
Enliven
Therapeutics,
Inc.*
40
1,188
Esperion
Therapeutics,
Inc.*
240
804
Eton
Pharmaceuticals,
Inc.*
26
442
Evolus,
Inc.*
53
228
EyePoint,
Inc.*
78
1,370
Fulcrum
Therapeutics,
Inc.*
44
369
Harmony
Biosciences
Holdings,
Inc.*
45
1,284
Harrow,
Inc.*
32
1,734
Indivior
Pharmaceuticals,
Inc.*
124
4,057
Innoviva,
Inc.*
65
1,492
Journey
Medical
Corp.*
15
123
LB
Pharmaceuticals,
Inc.*
20
480
LENZ
Therapeutics,
Inc.*
17
229
Ligand
Pharmaceuticals,
Inc.*
20
3,966
Liquidia
Corp.*
66
2,047
Maze
Therapeutics,
Inc.*
22
1,003
MBX
Biosciences,
Inc.*
29
944
MediWound
Ltd.*
10
173
Nuvation
Bio,
Inc.*
247
1,460
Ocular
Therapeutix,
Inc.*
191
1,708
Omeros
Corp.*
68
819
Pacira
BioSciences,
Inc.*
46
1,008
Phathom
Pharmaceuticals,
Inc.*
41
515
Phibro
Animal
Health
Corp.,
Class
a
A
21
1,146
Prestige
Consumer
Healthcare,
Inc.*
51
3,534
Rapport
Therapeutics,
Inc.*
29
842
Scilex
Holding
Co.*
7
58
Septerna,
Inc.*
22
638
SIGA
Technologies,
Inc.
42
272
Supernus
Pharmaceuticals,
Inc.*
55
3,010
Tarsus
Pharmaceuticals,
Inc.*
40
3,021
Terns
Pharmaceuticals,
Inc.*
88
3,707
Theravance
Biopharma,
Inc.*
39
712
Third
Harmonic
Bio,
Inc.*‡
30
—
Trevi
Therapeutics,
Inc.*
93
1,109
Tvardi
Therapeutics,
Inc.*
6
24
WaVe
Life
Sciences
Ltd.*
119
1,658
Xeris
Biopharma
Holdings,
Inc.*
158
967
Zevra
Therapeutics,
Inc.*
57
509
75,558
Professional
Services
—
0.0%(a)
Alight,
Inc.,
Class
a
A
443
390
Asure
Software,
Inc.*
26
238
Barrett
Business
Services,
Inc.
26
722
BlackSky
Technology,
Inc.*
32
603
CBIZ,
Inc.*
51
1,461
Conduent,
Inc.*
149
218
CRA
International,
Inc.
7
1,209
CSG
Systems
International,
Inc.
29
2,317
Exponent,
Inc.
52
3,785
Falcon's
Beyond
Global,
Inc.,
Class
a
A*
15
97
First
Advantage
Corp.*
81
932
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
27
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Forrester
Research,
Inc.*
12
$
72
Franklin
Covey
Co.*
11
143
HireQuest,
Inc.
6
70
Huron
Consulting
Group,
Inc.*
17
2,404
IBEX
Holdings
Ltd.*
10
289
ICF
International,
Inc.
19
1,579
Innodata,
Inc.*
32
1,413
Insperity,
Inc.
37
822
Kelly
Services,
Inc.,
Class
a
A
31
301
Kforce,
Inc.
18
486
Korn
Ferry
54
3,384
Legalzoom.com,
Inc.*
131
921
Maximus,
Inc.
58
4,385
Mistras
Group,
Inc.*
13
199
Planet
Labs
PBC*
244
5,890
RCM
Technologies,
Inc.*
5
95
Resolute
Holdings
Management,
Inc.*
4
674
Resources
Connection,
Inc.
32
120
Skillsoft
Corp.*
5
21
Spire
Global,
Inc.*
28
248
TIC
Solutions,
Inc.*
205
1,941
TriNet
Group,
Inc.
31
1,180
TrueBlue,
Inc.*
29
123
TTEC
Holdings,
Inc.*
21
53
Upwork,
Inc.*
126
1,691
Verra
Mobility
Corp.,
Class
a
A*
164
2,740
Willdan
Group,
Inc.*
14
1,248
44,464
Real
Estate
Management
&
Development
—
0.1%
American
Realty
Investors,
Inc.*
1
17
Compass,
Inc.,
Class
a
A*
659
6,425
Cushman
&
Wakefield
Ltd.*
238
3,192
Douglas
Elliman,
Inc.*
75
171
eXp
World
Holdings,
Inc.
90
627
Forestar
Group,
Inc.*
20
574
FRP
Holdings,
Inc.*
12
287
Kennedy-Wilson
Holdings,
Inc.
124
1,349
Logistic
Properties
of
The
Americas,
Class
a
A*
3
8
Marcus
&
Millichap,
Inc.
25
660
Maui
Land
&
Pineapple
Co.,
Inc.*
7
115
Newmark
Group,
Inc.,
Class
a
A
152
2,207
RE/MAX
Holdings,
Inc.,
Class
a
A*
19
120
Real
Brokerage,
Inc.
(The)*
136
360
RMR
Group,
Inc.
(The),
Class
a
A
16
262
Seaport
Entertainment
Group,
Inc.*
8
187
St
Joe
Co.
(The)
39
2,815
Stratus
Properties,
Inc.*
7
214
Tejon
Ranch
Co.*
22
387
Transcontinental
Realty
Investors,
Inc.*
2
73
20,050
Residential
REITs
—
0.0%(a)
BRT
Apartments
Corp.,
REIT
11
161
Investments
Shares
Value
Common
Stocks
(continued)
Centerspace,
REIT
17
$
1,069
Clipper
Realty,
Inc.,
REIT
14
43
Independence
Realty
Trust,
Inc.,
REIT
247
4,093
NexPoint
Residential
Trust,
Inc.,
REIT
23
648
UMH
Properties,
Inc.,
REIT
82
1,237
Veris
Residential,
Inc.,
REIT
77
1,451
8,702
Retail
REITs
—
0.1%
Acadia
Realty
Trust,
REIT
135
2,824
Alexander's,
Inc.,
REIT
2
469
CBL
&
Associates
Properties,
Inc.,
REIT
19
718
Curbline
Properties
Corp.,
REIT
100
2,781
FrontView
REIT,
Inc.
21
348
Getty
Realty
Corp.,
REIT
55
1,805
InvenTrust
Properties
Corp.,
REIT
80
2,496
Kite
Realty
Group
Trust,
REIT
223
5,809
Macerich
Co.
(The),
REIT
261
5,343
NETSTREIT
Corp.,
REIT
86
1,786
Phillips
Edison
&
Co.,
Inc.,
REIT
130
5,106
Saul
Centers,
Inc.,
REIT
13
443
SITE
Centers
Corp.,
REIT
52
320
Tanger,
Inc.,
REIT
115
4,262
Urban
Edge
Properties,
REIT
131
2,784
Whitestone
REIT
46
699
37,993
Semiconductors
&
Semiconductor
Equipment
—
0.6%
ACM
Research,
Inc.,
Class
a
A*
52
2,895
Aehr
Test
Systems*
29
1,085
Aeluma,
Inc.*
13
201
Alpha
&
Omega
Semiconductor
Ltd.*
26
546
Ambarella,
Inc.*
42
2,534
Ambiq
Micro,
Inc.*
5
154
Atomera,
Inc.*
31
156
Axcelis
Technologies,
Inc.*
32
2,644
Blaize
Holdings,
Inc.*
80
94
CEVA,
Inc.*
24
501
Cohu,
Inc.*
47
1,419
Credo
Technology
Group
Holding
Ltd.*
157
17,626
Diodes,
Inc.*
47
3,207
FormFactor,
Inc.*
80
7,910
Ichor
Holdings
Ltd.*
35
1,664
Impinj,
Inc.*
28
3,434
indie
Semiconductor,
Inc.,
Class
a
A*
201
736
Kopin
Corp.*
184
407
Kulicke
&
Soffa
Industries,
Inc.
52
3,625
MaxLinear,
Inc.,
Class
a
A*
85
1,482
Navitas
Semiconductor
Corp.,
Class
a
A*
164
1,476
NVE
Corp.
5
344
PDF
Solutions,
Inc.*
33
1,115
Penguin
Solutions,
Inc.*
53
1,101
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
28
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Photronics,
Inc.*
59
$
2,208
Power
Integrations,
Inc.
57
2,731
Rambus,
Inc.*
111
11,062
Rigetti
Computing,
Inc.*
328
5,714
Semtech
Corp.*
89
8,030
Silicon
Laboratories,
Inc.*
33
6,750
SiTime
Corp.*
22
8,753
SkyWater
Technology,
Inc.*
31
913
Synaptics,
Inc.*
40
3,258
Ultra
Clean
Holdings,
Inc.*
46
2,791
Veeco
Instruments,
Inc.*
61
1,864
110,430
Software
—
0.4%
8x8,
Inc.*
137
293
A10
Networks,
Inc.
74
1,425
ACI
Worldwide,
Inc.*
106
4,206
Adeia,
Inc.
112
2,317
Agilysys,
Inc.*
27
1,949
Airship
AI
Holdings,
Inc.*
24
66
Alarm.com
Holdings,
Inc.*
49
2,345
Alkami
Technology,
Inc.*
71
1,175
Amplitude,
Inc.,
Class
a
A*
95
694
Appian
Corp.,
Class
a
A*
40
1,067
Arteris,
Inc.*
31
527
Asana,
Inc.,
Class
a
A*
89
632
AudioEye,
Inc.*
8
55
AvePoint,
Inc.*
151
1,628
Bit
Digital,
Inc.*
326
544
Bitdeer
Technologies
Group,
Class
a
A*
101
778
Blackbaud,
Inc.*
39
1,893
BlackLine,
Inc.*
53
1,868
Blend
Labs,
Inc.,
Class
a
A*
202
339
Box,
Inc.,
Class
a
A*
144
3,391
Braze,
Inc.,
Class
a
A*
88
1,671
C3.ai,
Inc.,
Class
a
A*
129
1,026
Cerence,
Inc.*
42
332
Chaince
Digital
Holdings,
Inc.*
42
247
Cipher
Digital,
Inc.*
333
5,195
Cleanspark,
Inc.*
285
2,836
Clear
Secure,
Inc.,
Class
a
A
89
4,329
Clearwater
Analytics
Holdings,
Inc.,
Class
a
A*
286
6,690
Commvault
Systems,
Inc.*
46
3,914
Consensus
Cloud
Solutions,
Inc.*
19
572
Core
Scientific,
Inc.*
298
5,057
CS
Disco,
Inc.*
25
81
Daily
Journal
Corp.*
1
510
Digimarc
Corp.*
16
71
Digital
Turbine,
Inc.*
111
451
Domo,
Inc.,
Class
a
B*
34
122
D-Wave
Quantum,
Inc.*
344
6,460
eGain
Corp.*
17
159
EverCommerce,
Inc.*
15
172
Expensify,
Inc.,
Class
a
A*
61
58
Five9,
Inc.*
79
1,378
Freshworks,
Inc.,
Class
a
A*
206
1,611
Hut
8
Corp.*
98
5,217
Investments
Shares
Value
Common
Stocks
(continued)
I3
Verticals,
Inc.,
Class
a
A*
24
$
537
Intapp,
Inc.*
59
1,323
InterDigital,
Inc.
27
9,896
Kaltura,
Inc.*
93
129
Life360,
Inc.*
21
1,106
LiveRamp
Holdings,
Inc.*
66
1,793
MARA
Holdings,
Inc.*
381
3,406
Mitek
Systems,
Inc.*
46
671
N-able,
Inc.*
74
326
NCR
Voyix
Corp.*
143
1,093
NextNav,
Inc.*
97
1,561
ON24,
Inc.*
38
304
OneSpan,
Inc.
37
408
Ooma,
Inc.*
26
321
Pagaya
Technologies
Ltd.,
Class
a
A*
52
582
PagerDuty,
Inc.*
92
650
PAR
Technology
Corp.*
41
672
Porch
Group,
Inc.*
89
731
Progress
Software
Corp.*
44
1,843
Q2
Holdings,
Inc.*
64
3,080
Qualys,
Inc.*
38
3,514
Rapid7,
Inc.*
66
411
Red
Violet,
Inc.*
12
520
ReposiTrak,
Inc.
12
104
Rezolve
AI
plc*
184
429
Rimini
Street,
Inc.*
50
186
Riot
Platforms,
Inc.*
358
5,832
SEMrush
Holdings,
Inc.,
Class
a
A*
53
626
Silvaco
Group,
Inc.*
8
27
SoundHound
AI,
Inc.,
Class
a
A*
385
3,311
SoundThinking,
Inc.*
10
73
Sprinklr,
Inc.,
Class
a
A*
115
669
Sprout
Social,
Inc.,
Class
a
A*
54
348
SPS
Commerce,
Inc.*
39
2,204
Telos
Corp.*
55
221
Tenable
Holdings,
Inc.*
125
2,404
Terawulf,
Inc.*
311
5,044
Varonis
Systems,
Inc.,
Class
a
B*
119
2,749
Vertex,
Inc.,
Class
a
A*
72
1,043
Via
Transportation,
Inc.,
Class
a
A*
11
189
Viant
Technology,
Inc.,
Class
a
A*
15
152
Weave
Communications,
Inc.*
62
313
WM
Technology,
Inc.*
92
62
Workiva,
Inc.,
Class
a
A*
52
3,202
Xperi,
Inc.*
47
288
Yext,
Inc.*
104
591
Zeta
Global
Holdings
Corp.,
Class
a
A*
193
3,271
143,566
Specialized
REITs
—
0.0%(a)
Farmland
Partners,
Inc.,
REIT
40
522
Four
Corners
Property
Trust,
Inc.,
REIT
109
2,782
Gladstone
Land
Corp.,
REIT
35
430
Outfront
Media,
Inc.,
REIT
153
4,408
Safehold,
Inc.,
REIT
58
936
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
29
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Smartstop
Self
Storage
REIT,
Inc.,
REIT
32
$
1,067
10,145
Specialty
Retail
—
0.4%
1-800-Flowers.com,
Inc.,
Class
a
A*
24
83
Abercrombie
&
Fitch
Co.,
Class
a
A*
48
4,694
Academy
Sports
&
Outdoors,
Inc.
68
4,089
Advance
Auto
Parts,
Inc.
62
3,297
American
Eagle
Outfitters,
Inc.
164
4,029
America's
Car-Mart,
Inc.*
7
140
Arhaus,
Inc.,
Class
a
A*
53
437
Arko
Corp.
78
502
Asbury
Automotive
Group,
Inc.*
20
4,276
BARK,
Inc.*
95
74
Barnes
&
Noble
Education,
Inc.*
17
147
Bed
Bath
&
Beyond,
Inc.*
70
373
Boot
Barn
Holdings,
Inc.*
32
6,055
Buckle,
Inc.
(The)
32
1,714
Build-A-Bear
Workshop,
Inc.
13
633
Caleres,
Inc.
34
404
Camping
World
Holdings,
Inc.,
Class
a
A
62
516
Citi
Trends,
Inc.*
5
237
Designer
Brands,
Inc.,
Class
a
A
34
242
Envela
Corp.*
7
94
EVgo,
Inc.,
Class
a
A*
132
362
Genesco,
Inc.*
10
272
Group
1
Automotive,
Inc.
13
4,235
Haverty
Furniture
Cos.,
Inc.
14
333
J
Jill,
Inc.
8
138
Lands'
End,
Inc.*
9
145
MarineMax,
Inc.*
19
579
Monro,
Inc.
31
667
National
Vision
Holdings,
Inc.*
80
2,158
OneWater
Marine,
Inc.,
Class
a
A*
12
137
Outdoor
Holding
Co.*
89
190
Petco
Health
&
Wellness
Co.,
Inc.,
Class
a
A*
82
209
RealReal,
Inc.
(The)*
103
1,263
Revolve
Group,
Inc.,
Class
a
A*
42
1,057
Sally
Beauty
Holdings,
Inc.*
102
1,639
Shoe
Carnival,
Inc.
19
384
Signet
Jewelers
Ltd.
41
3,944
Sleep
Number
Corp.*
19
117
Sonic
Automotive,
Inc.,
Class
a
A
15
941
Stitch
Fix,
Inc.,
Class
a
A*
115
383
ThredUp,
Inc.,
Class
a
A*
101
493
Torrid
Holdings,
Inc.*
35
36
Upbound
Group,
Inc.
54
1,158
Urban
Outfitters,
Inc.*
63
4,171
Victoria's
Secret
&
Co.*
71
4,452
Warby
Parker,
Inc.,
Class
a
A*
101
2,526
Winmark
Corp.
3
1,369
Zumiez,
Inc.*
14
367
65,761
Investments
Shares
Value
Common
Stocks
(continued)
Technology
Hardware,
Storage
&
Peripherals
—
0.1%
Corsair
Gaming,
Inc.*
48
$
264
CPI
Card
Group,
Inc.*
6
74
Diebold
Nixdorf,
Inc.*
25
2,000
Eastman
Kodak
Co.*
49
359
GPGI,
Inc.,
Class
a
A
59
1,325
Immersion
Corp.
29
177
IonQ,
Inc.*
347
13,314
Quantum
Computing,
Inc.*
207
1,741
Turtle
Beach
Corp.*
16
201
Xerox
Holdings
Corp.
121
218
19,673
Textiles,
Apparel
&
Luxury
Goods
—
0.0%(a)
Capri
Holdings
Ltd.*
119
2,441
Carter's,
Inc.
37
1,241
Ermenegildo
Zegna
NV
63
710
Figs,
Inc.,
Class
a
A*
91
1,406
G-III
Apparel
Group
Ltd.
37
1,132
Kontoor
Brands,
Inc.
57
3,717
Lakeland
Industries,
Inc.
9
83
Movado
Group,
Inc.
16
399
Oxford
Industries,
Inc.
15
594
Rocky
Brands,
Inc.
7
316
Steven
Madden
Ltd.
74
2,671
Superior
Group
of
Cos.,
Inc.
11
109
Wolverine
World
Wide,
Inc.
83
1,467
16,286
Tobacco
—
0.0%(a)
Ispire
Technology,
Inc.*
19
45
Turning
Point
Brands,
Inc.
18
2,466
Universal
Corp.
25
1,343
3,854
Trading
Companies
&
Distributors
—
0.1%
Alta
Equipment
Group,
Inc.
20
138
BlueLinx
Holdings,
Inc.*
8
527
Boise
Cascade
Co.
39
3,227
Custom
Truck
One
Source,
Inc.*
62
444
Distribution
Solutions
Group,
Inc.*
10
299
DNOW,
Inc.*
191
2,250
DXP
Enterprises,
Inc.*
13
1,800
EVI
Industries,
Inc.
5
97
GATX
Corp.
37
6,814
Global
Industrial
Co.
15
495
Herc
Holdings,
Inc.
34
4,753
Hudson
Technologies,
Inc.*
39
277
Karat
Packaging,
Inc.
9
222
McGrath
RentCorp
25
2,774
NPK
International,
Inc.*
84
1,212
Rush
Enterprises,
Inc.,
Class
a
A
63
4,471
Rush
Enterprises,
Inc.,
Class
a
B
9
582
Titan
Machinery,
Inc.*
22
429
Transcat,
Inc.*
9
702
Willis
Lease
Finance
Corp.
3
611
HEDGE
REPLICATION
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
30
HDG
::
Investments
Shares
Value
Common
Stocks
(continued)
Xometry,
Inc.,
Class
a
A*
45
$
1,846
33,970
Transportation
Infrastructure
—
0.0%(a)
Sky
Harbour
Group
Corp.*
22
193
Water
Utilities
—
0.0%(a)
American
States
Water
Co.
40
2,981
Cadiz,
Inc.*
56
291
California
Water
Service
Group
61
2,750
Consolidated
Water
Co.
Ltd.
15
568
Global
Water
Resources,
Inc.
13
119
H2O
America
34
1,829
Middlesex
Water
Co.
19
1,026
Pure
Cycle
Corp.*
21
222
York
Water
Co.
(The)
15
493
10,279
Wireless
Telecommunication
Services
—
0.1%
Gogo,
Inc.*
80
338
Spok
Holdings,
Inc.
21
255
Telephone
and
Data
Systems,
Inc.
102
4,564
5,157
Total
Common
Stocks
(Cost
$1,742,764)
3,139,534
Number
of
Rights
Rights
—
0
.0
%
(a)
Biotechnology
—
0.0%
Aduro
Biotech,
Inc.,
CVR‡(c)
39
—
Cartesian
Therapeutics,
Inc.,
expiring
12/31/2049*‡
263
—
Chinook
Therape,
CVR*‡
118
—
Tobira
Therapeutics,
Inc.,
CVR*‡
10
—
—
Oil,
Gas
&
Consumable
Fuels
—
0.0%
(a)
Empire
Petroleum
Corp.,
expiring
3/18/2026*
17
1
Total
Rights
(Cost
$146)
1
Shares
Securities
Lending
Reinvestments
(d)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(e)
(Cost
$44)
44
44
Investments
Principal
Amount
Value
Short-Term
Investments
—
81
.8
%
Repurchase
Agreements
(f)
—
13
.9
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$3,421,311
(Cost
$3,420,296)
$
3,420,296
$
3,420,296
U.S.
Treasury
Obligations
—
67
.9
%
U.S.
Treasury
Bills
3.62%,
5/7/2026
(g)                                                                            
(Cost
$16,697,684)
16,810,000
16,702,565
Total
Short-Term
Investments
(Cost
$20,117,980)
20,122,861
Total
Investments
—
94.5%
(Cost
$21,860,934)
23,262,440
Other
assets
less
liabilities
—
5.5%
1,346,631
Net
Assets
—
100.0%
$
24,609,071
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(c)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$–,
collateralized
in
the
form
of
cash
with
a
value
of
$44
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(d)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$44.
(e)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(f)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(g)
The
rate
shown
was
the
current
yield
as
of
February
28,
2026.
Abbreviations
CVR
Contingent
Value
Rights
-
No
defined
expiration
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
HEDGE
REPLICATION
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
31
HDG
::
Futures
Contracts
Sold
Hedge
Replication
ETF
had
the
following
open
short
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
E-Mini
Euro
21
3/16/2026
U.S.
Dollar
$
1,551,900
$
(2,727
)
Swap
Agreements
Hedge
Replication
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
28,330
11/6/2026
Societe
Generale
4.49%
Russell
2000
®
Total
Return
Index
2,361
22,289,350
11/6/2026
Societe
Generale
4.64%
S&P
500
®
Total
Return
Index
81,646
25,860,547
11/15/2027
Societe
Generale
4.64%
iShares
®
MSCI
Emerging
Markets
ETF
71,045
54,649,452
11/6/2026
Societe
Generale
4.24%
iShares
®
MSCI
EAFE
ETF
426,949
102,827,679
582,001
(36,605)
11/6/2026
UBS
AG
(4.34)%
Russell
2000
®
Total
Return
Index
(
3,328
)
80,813,510
11/15/2027
UBS
AG
4.04%
iShares
®
MSCI
EAFE
ETF
123,004
144,453,452
11/15/2027
UBS
AG
4.04%
iShares
®
MSCI
Emerging
Markets
ETF
179,001
225,230,357
298,677
328,058,036
880,678
Total
Unrealized
Appreciation
884,006
Total
Unrealized
Depreciation
(
3,328
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
28,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
HIGH
YIELD-INTEREST
RATE
HEDGED
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
32
HYHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
—
95
.2
%
Aerospace
&
Defense
—
1
.6
%
Axon
Enterprise,
Inc.
6.13%,
3/15/2030
(a)
$
338,000
$
348,444
TransDigm,
Inc.
6.38%,
3/1/2029
(a)
1,264,000
1,298,301
6.38%,
5/31/2033
(a)
1,019,000
1,039,961
2,686,706
Automobile
Components
—
2
.2
%
American
Axle
&
Manufacturing,
Inc.
7.75%,
10/15/2033
(a)
511,000
519,881
Clarios
Global
LP
6.75%,
2/15/2030
(a)
525,000
549,916
6.75%,
9/15/2032
(a)
492,000
509,230
Icahn
Enterprises
LP
10.00%,
11/15/2029
(a)
695,000
686,270
Tenneco,
Inc.
8.00%,
11/17/2028
(a)
748,000
748,040
ZF
North
America
Capital,
Inc.
7.50%,
3/24/2031
(a)
602,000
620,398
3,633,735
Automobiles
—
0
.5
%
Aston
Martin
Capital
Holdings
Ltd.
10.00%,
3/31/2029
(a)
431,000
348,033
Nissan
Motor
Acceptance
Co.
LLC
6.13%,
9/30/2030
(a)
536,000
537,212
885,245
Building
Products
—
3
.3
%
Builders
FirstSource,
Inc.
4.25%,
2/1/2032
(a)
233,000
222,154
6.38%,
3/1/2034
(a)
682,000
702,932
EMRLD
Borrower
LP
6.63%,
12/15/2030
(a)
996,000
1,030,842
Quikrete
Holdings,
Inc.
6.38%,
3/1/2032
(a)
2,385,000
2,478,187
6.75%,
3/1/2033
(a)
13,000
13,511
Smyrna
Ready
Mix
Concrete
LLC
8.88%,
11/15/2031
(a)
528,000
560,942
Standard
Building
Solutions,
Inc.
6.25%,
8/1/2033
(a)
486,000
495,056
5,503,624
Capital
Markets
—
1
.8
%
Coinbase
Global,
Inc.
3.38%,
10/1/2028
(a)
417,000
397,585
Compass
Group
Diversified
Holdings
LLC
5.25%,
4/15/2029
(a)
393,591
368,390
Focus
Financial
Partners
LLC
6.75%,
9/15/2031
(a)
382,000
381,045
Jane
Street
Group
6.13%,
11/1/2032
(a)
495,000
497,949
6.75%,
5/1/2033
(a)
1,000,000
1,027,097
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Capital
Markets
Osaic
Holdings,
Inc.
6.75%,
8/1/2032
(a)
$
367,000
$
370,327
3,042,393
Chemicals
—
2
.1
%
Celanese
US
Holdings
LLC
6.75%,
4/15/2033
(b)
835,000
856,126
Olympus
Water
US
Holding
Corp.
6.75%,
8/1/2032
(a)
382,000
376,260
Series
144*,
7.25%,
2/15/2033
(a)
675,000
671,901
SCIH
Salt
Holdings,
Inc.
4.88%,
5/1/2028
(a)
443,000
441,276
Solstice
Advanced
Materials,
Inc.
5.63%,
9/30/2033
(a)
309,000
312,343
Tronox,
Inc.
4.63%,
3/15/2029
(a)(b)
400,000
309,273
WR
Grace
Holdings
LLC
5.63%,
8/15/2029
(a)
542,000
519,210
3,486,389
Commercial
Services
&
Supplies
—
3
.7
%
ADT
Security
Corp.
(The)
5.88%,
10/15/2033
(a)
1,037,000
1,053,743
Allied
Universal
Holdco
LLC
4.63%,
6/1/2028
(a)
1,223,000
1,213,826
7.88%,
2/15/2031
(a)
391,000
413,087
Garda
World
Security
Corp.
8.38%,
11/15/2032
(a)
393,000
402,350
GFL
Environmental
Holdings
US,
Inc.
5.50%,
2/1/2034
(a)
550,000
551,991
GFL
Environmental,
Inc.
6.75%,
1/15/2031
(a)
135,000
141,621
Madison
IAQ
LLC
5.88%,
6/30/2029
(a)
433,000
431,938
Raven
Acquisition
Holdings
LLC
6.88%,
11/15/2031
(a)
496,000
477,843
RR
Donnelley
&
Sons
Co.
9.50%,
8/1/2029
(a)
371,000
382,301
Sabre
Financial
Borrower
LLC
11.13%,
6/15/2029
(a)
638,000
614,965
Veritiv
Operating
Co.
10.50%,
11/30/2030
(a)
312,000
333,812
6,017,477
Construction
&
Engineering
—
0
.5
%
AECOM
6.00%,
8/1/2033
(a)
297,000
303,435
Brand
Industrial
Services,
Inc.
10.38%,
8/1/2030
(a)
563,000
525,741
829,176
Consumer
Finance
—
0
.3
%
OneMain
Finance
Corp.
6.75%,
9/15/2033
500,000
496,892
FEBRUARY
28,
2026
(Unaudited)
::
HIGH
YIELD-INTEREST
RATE
HEDGED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
33
HYHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Consumer
Staples
Distribution
&
Retail
—
1
.5
%
Albertsons
Cos.,
Inc.
5.63%,
3/31/2032
(a)
$
110,000
$
110,387
5.75%,
3/31/2034
(a)
1,000,000
994,941
KeHE
Distributors
LLC
9.00%,
2/15/2029
(a)
419,000
439,667
Performance
Food
Group,
Inc.
6.13%,
9/15/2032
(a)
432,000
443,442
5.63%,
3/1/2034
(a)
429,000
430,278
2,418,715
Containers
&
Packaging
—
2
.5
%
Ardagh
Group
SA
9.50%,
12/1/2030
(a)
642,000
696,299
Ardagh
Metal
Packaging
Finance
USA
LLC
4.00%,
9/1/2029
(a)
490,000
467,648
Ball
Corp.
6.00%,
6/15/2029
408,000
420,640
Clydesdale
Acquisition
Holdings,
Inc.
8.75%,
4/15/2030
(a)(b)
188,000
187,162
6.75%,
4/15/2032
(a)
868,000
874,395
Mauser
Packaging
Solutions
Holding
Co.
7.88%,
4/15/2030
(a)
1,176,000
1,203,930
9.25%,
4/15/2030
(a)
219,000
215,784
4,065,858
Diversified
Consumer
Services
—
0
.6
%
Belron
UK
Finance
plc
5.75%,
10/15/2029
(a)
420,000
429,212
Wand
NewCo
3,
Inc.
7.63%,
1/30/2032
(a)
543,000
569,097
998,309
Diversified
Telecommunication
Services
—
7
.4
%
Altice
Financing
SA
5.75%,
8/15/2029
(a)
719,000
498,782
Altice
France
SA
6.50%,
4/15/2032
(a)
737,353
706,167
APLD
ComputeCo
LLC
9.25%,
12/15/2030
(a)
1,047,000
1,099,286
Black
Pearl
Compute
LLC
6.13%,
2/15/2031
(a)
578,000
591,998
CCO
Holdings
LLC
4.50%,
5/1/2032
805,000
736,700
4.25%,
1/15/2034
(a)(b)
1,168,000
1,017,409
Cipher
Compute
LLC
7.13%,
11/15/2030
(a)
798,000
831,542
Level
3
Financing,
Inc.
6.88%,
6/30/2033
(a)
1,806,000
1,870,330
Sable
International
Finance
Ltd.
7.13%,
10/15/2032
(a)
427,000
432,244
SV
RNO
Property
Owner
1
LLC
5.88%,
3/1/2031
(a)
1,000,000
1,004,046
Uniti
Services
LLC
7.50%,
10/15/2033
(a)
391,000
406,823
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Diversified
Telecommunication
Services
Windstream
Services
LLC
8.25%,
10/1/2031
(a)
$
1,074,000
$
1,130,897
WULF
Compute
LLC
7.75%,
10/15/2030
(a)
1,743,000
1,845,898
12,172,122
Electric
Utilities
—
3
.1
%
Alpha
Generation
LLC
6.75%,
10/15/2032
(a)
435,000
451,906
California
Buyer
Ltd.
6.38%,
2/15/2032
(a)
367,000
365,719
NRG
Energy,
Inc.
5.75%,
1/15/2034
(a)
500,000
506,837
6.00%,
1/15/2036
(a)
875,000
890,459
PG&E
Corp.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.88%),
7.38%,
3/15/2055
(c)
607,000
628,232
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%),
6.85%,
9/15/2056
(c)
354,000
355,530
Vistra
Operations
Co.
LLC
4.38%,
5/1/2029
(a)
391,000
386,633
7.75%,
10/15/2031
(a)
675,000
713,355
VoltaGrid
LLC
7.38%,
11/1/2030
(a)
750,000
783,584
5,082,255
Energy
Equipment
&
Services
—
0
.8
%
USA
Compression
Partners
LP
7.13%,
3/15/2029
(a)
407,000
420,570
Valaris
Ltd.
8.38%,
4/30/2030
(a)
324,000
339,795
Weatherford
International
Ltd.
6.75%,
10/15/2033
(a)
467,000
488,249
1,248,614
Entertainment
—
1
.3
%
Discovery
Global
Holdings,
Inc.
4.28%,
3/15/2032
(b)
951,000
872,543
5.05%,
3/15/2042
1,861,000
1,335,267
2,207,810
Financial
Services
—
3
.6
%
Block,
Inc.
5.63%,
8/15/2030
(a)
337,000
341,443
6.50%,
5/15/2032
901,000
926,971
Freedom
Mortgage
Holdings
LLC
9.25%,
2/1/2029
(a)
412,000
430,326
ION
Platform
Finance
US,
Inc.
7.88%,
9/30/2032
(a)
550,000
440,115
Jefferies
Finance
LLC
5.00%,
8/15/2028
(a)
422,000
401,195
HIGH
YIELD-INTEREST
RATE
HEDGED
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
34
HYHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Financial
Services
NCR
Atleos
Corp.
9.50%,
4/1/2029
(a)
$
505,000
$
542,242
Rocket
Cos.,
Inc.
6.13%,
8/1/2030
(a)
409,000
419,653
6.38%,
8/1/2033
(a)
1,254,000
1,295,745
Shift4
Payments
LLC
6.75%,
8/15/2032
(a)
697,000
682,218
UWM
Holdings
LLC
6.25%,
3/15/2031
(a)
522,000
504,585
5,984,493
Food
Products
—
0
.9
%
Darling
Ingredients,
Inc.
6.00%,
6/15/2030
(a)
436,000
441,536
Post
Holdings,
Inc.
6.38%,
3/1/2033
(a)
461,000
469,217
6.50%,
3/15/2036
(a)
585,000
594,802
1,505,555
Ground
Transportation
—
0
.9
%
Albion
Financing
1
SARL
7.00%,
5/21/2030
(a)
500,000
523,591
Brightline
East
LLC
11.00%,
1/31/2030
(a)
710,000
191,700
Hertz
Corp.
(The)
12.63%,
7/15/2029
(a)(b)
576,000
530,937
5.00%,
12/1/2029
(a)(b)
301,000
156,243
1,402,471
Health
Care
Equipment
&
Supplies
—
0
.9
%
Bausch
+
Lomb
Corp.
8.38%,
10/1/2028
(a)
488,000
505,690
Medline
Borrower
LP
5.25%,
10/1/2029
(a)
977,000
976,998
1,482,688
Health
Care
Providers
&
Services
—
5
.0
%
Community
Health
Systems,
Inc.
10.88%,
1/15/2032
(a)
1,242,000
1,343,431
9.75%,
1/15/2034
(a)
183,000
192,857
CVS
Health
Corp.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.89%),
7.00%,
3/10/2055
(c)
945,000
993,976
DaVita,
Inc.
6.75%,
7/15/2033
(a)
798,000
828,458
Global
Medical
Response,
Inc.
7.38%,
10/1/2032
(a)
393,000
411,168
LifePoint
Health,
Inc.
11.00%,
10/15/2030
(a)
473,000
513,748
National
Mentor
Holdings,
Inc.
10.50%,
12/15/2030
(a)
630,000
627,623
Prime
Healthcare
Services,
Inc.
9.38%,
9/1/2029
(a)
649,000
677,902
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Health
Care
Providers
&
Services
Star
Parent,
Inc.
9.00%,
10/1/2030
(a)
$
349,000
$
354,218
Surgery
Center
Holdings,
Inc.
7.25%,
4/15/2032
(a)
425,000
425,082
Tenet
Healthcare
Corp.
6.13%,
10/1/2028
793,000
794,837
6.13%,
6/15/2030
737,000
751,705
US
Acute
Care
Solutions
LLC
9.75%,
5/15/2029
(a)
313,000
313,069
8,228,074
Health
Care
REITs
—
0
.4
%
MPT
Operating
Partnership
LP
REIT,
8.50%,
2/15/2032
(a)
548,000
586,517
Health
Care
Technology
—
0
.6
%
IQVIA,
Inc.
6.25%,
6/1/2032
(a)
937,000
963,889
Hotel
&
Resort
REITs
—
0
.5
%
RHP
Hotel
Properties
LP
REIT,
6.50%,
4/1/2032
(a)
382,000
395,283
Service
Properties
Trust
REIT,
8.63%,
11/15/2031
(a)
446,000
469,123
864,406
Hotels,
Restaurants
&
Leisure
—
6
.5
%
1011778
BC
ULC
6.13%,
6/15/2029
(a)
497,000
511,161
Caesars
Entertainment,
Inc.
7.00%,
2/15/2030
(a)
581,000
595,756
6.50%,
2/15/2032
(a)
772,000
784,501
Carnival
Corp.
5.75%,
8/1/2032
(a)
1,592,000
1,652,116
6.13%,
2/15/2033
(a)
448,000
463,768
Churchill
Downs,
Inc.
5.75%,
4/1/2030
(a)
284,000
286,252
Fertitta
Entertainment
LLC
4.63%,
1/15/2029
(a)
495,000
481,340
6.75%,
1/15/2030
(a)
492,000
463,927
Hilton
Domestic
Operating
Co.,
Inc.
5.50%,
3/31/2034
(a)
560,000
565,963
Light
&
Wonder
International,
Inc.
6.25%,
10/1/2033
(a)
418,000
419,806
NCL
Corp.
Ltd.
6.75%,
2/1/2032
(a)
1,179,000
1,214,099
Six
Flags
Entertainment
Corp.
8.63%,
1/15/2032
(a)
391,000
395,871
TKC
Holdings,
Inc.
8.50%,
8/15/2030
(a)
399,000
408,234
Viking
Cruises
Ltd.
5.88%,
10/15/2033
(a)
674,000
687,483
FEBRUARY
28,
2026
(Unaudited)
::
HIGH
YIELD-INTEREST
RATE
HEDGED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
35
HYHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Hotels,
Restaurants
&
Leisure
Voyager
Parent
LLC
9.25%,
7/1/2032
(a)
$
690,000
$
736,792
Wynn
Resorts
Finance
LLC
7.13%,
2/15/2031
(a)
426,000
460,070
Yum!
Brands,
Inc.
4.63%,
1/31/2032
550,000
540,737
10,667,876
Household
Durables
—
0
.3
%
Newell
Brands,
Inc.
8.50%,
6/1/2028
(a)
485,000
510,688
Independent
Power
and
Renewable
Electricity
Producers
—
1
.0
%
Lightning
Power
LLC
7.25%,
8/15/2032
(a)
546,000
579,681
Talen
Energy
Supply
LLC
6.50%,
2/1/2036
(a)
1,000,000
1,028,766
1,608,447
Insurance
—
5
.7
%
Acrisure
LLC
7.50%,
11/6/2030
(a)
489,000
497,640
Alliant
Holdings
Intermediate
LLC
6.75%,
4/15/2028
(a)
347,000
350,969
7.00%,
1/15/2031
(a)
799,000
813,487
Ardonagh
Finco
Ltd.
7.75%,
2/15/2031
(a)
550,000
563,878
Ardonagh
Group
Finance
Ltd.
8.88%,
2/15/2032
(a)
629,000
620,806
Asurion
LLC
8.00%,
12/31/2032
(a)
2,308,000
2,423,881
8.38%,
2/1/2034
(a)
50,000
49,762
Howden
UK
Refinance
plc
7.25%,
2/15/2031
(a)
467,000
473,198
8.13%,
2/15/2032
(a)
417,000
399,484
HUB
International
Ltd.
7.25%,
6/15/2030
(a)
464,000
478,741
7.38%,
1/31/2032
(a)
1,338,000
1,363,850
Panther
Escrow
Issuer
LLC
7.13%,
6/1/2031
(a)
1,283,000
1,305,392
9,341,088
Interactive
Media
&
Services
—
0
.3
%
Snap,
Inc.
6.88%,
3/1/2033
(a)
530,000
527,938
IT
Services
—
0
.9
%
CoreWeave,
Inc.
9.25%,
6/1/2030
(a)(b)
1,068,000
1,046,360
9.00%,
2/1/2031
(a)
404,000
388,328
1,434,688
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Machinery
—
0
.6
%
Chart
Industries,
Inc.
7.50%,
1/1/2030
(a)
$
901,000
$
936,089
Media
—
9
.1
%
Clear
Channel
Outdoor
Holdings,
Inc.
7.50%,
6/1/2029
(a)(b)
594,000
598,177
7.13%,
2/15/2031
(a)
100,000
105,650
CSC
Holdings
LLC
11.75%,
1/31/2029
(a)
1,078,000
768,093
4.50%,
11/15/2031
(a)
224,000
134,434
Directv
Financing
LLC
5.88%,
8/15/2027
(a)
235,000
235,279
10.00%,
2/15/2031
(a)
1,250,000
1,278,343
DISH
Network
Corp.
11.75%,
11/15/2027
(a)
889,000
920,317
EchoStar
Corp.
10.75%,
11/30/2029
1,895,000
2,069,757
Gray
Media,
Inc.
10.50%,
7/15/2029
(a)
437,000
468,340
5.38%,
11/15/2031
(a)
611,000
481,024
Neptune
Bidco
US,
Inc.
9.29%,
4/15/2029
(a)
1,091,000
1,092,911
9.50%,
2/15/2033
(a)
500,000
488,413
Paramount
Global
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.00%),
6.38%,
3/30/2062
(c)
392,000
307,720
Sinclair
Television
Group,
Inc.
8.13%,
2/15/2033
(a)
613,000
638,286
Sirius
XM
Radio
LLC
4.00%,
7/15/2028
(a)
880,000
859,086
3.88%,
9/1/2031
(a)
408,000
373,730
Stagwell
Global
LLC
5.63%,
8/15/2029
(a)
442,000
407,640
Sunrise
FinCo.
I
BV
4.88%,
7/15/2031
(a)
459,000
441,549
TEGNA,
Inc.
4.63%,
3/15/2028
496,000
494,448
Univision
Communications,
Inc.
8.00%,
8/15/2028
(a)
782,000
803,247
9.38%,
8/1/2032
(a)(b)
413,000
436,752
Versant
Media
Group,
Inc.
7.25%,
1/30/2031
(a)(b)
400,000
409,336
VZ
Secured
Financing
BV
5.00%,
1/15/2032
(a)
1,001,000
889,331
7.50%,
1/15/2033
(a)
325,000
319,209
15,021,072
Metals
&
Mining
—
1
.5
%
Cleveland-Cliffs,
Inc.
7.00%,
3/15/2032
(a)
1,038,000
1,054,262
Commercial
Metals
Co.
5.75%,
11/15/2033
(a)
750,000
765,199
6.00%,
12/15/2035
(a)
80,000
81,947
HIGH
YIELD-INTEREST
RATE
HEDGED
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
36
HYHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Metals
&
Mining
First
Quantum
Minerals
Ltd.
6.38%,
2/15/2036
(a)
$
640,000
$
642,620
2,544,028
Oil,
Gas
&
Consumable
Fuels
—
6
.4
%
Aethon
United
BR
LP
7.50%,
10/1/2029
(a)
433,000
455,496
CITGO
Petroleum
Corp.
8.38%,
1/15/2029
(a)
450,000
466,632
Comstock
Resources,
Inc.
6.75%,
3/1/2029
(a)
529,000
527,165
CQP
Holdco
LP
5.50%,
6/15/2031
(a)
483,000
482,184
Crescent
Energy
Finance
LLC
7.63%,
4/1/2032
(a)
449,000
454,126
7.88%,
4/15/2032
(a)
442,000
450,279
Delek
Logistics
Partners
LP
8.63%,
3/15/2029
(a)
436,000
455,258
Hilcorp
Energy
I
LP
7.25%,
2/15/2035
(a)
467,000
462,514
ITT
Holdings
LLC
6.50%,
8/1/2029
(a)
517,000
502,264
Kinetik
Holdings
LP
6.63%,
12/15/2028
(a)
202,000
208,234
5.88%,
6/15/2030
(a)
556,000
562,071
NGL
Energy
Operating
LLC
8.38%,
2/15/2032
(a)
601,000
630,258
Permian
Resources
Operating
LLC
7.00%,
1/15/2032
(a)
450,000
472,258
6.25%,
2/1/2033
(a)
343,000
354,523
SM
Energy
Co.
8.38%,
7/1/2028
(a)
376,000
388,621
8.75%,
7/1/2031
(a)
735,000
771,623
Sunoco
LP
6.25%,
7/1/2033
(a)
742,000
763,592
Venture
Global
LNG,
Inc.
9.50%,
2/1/2029
(a)
866,000
928,776
8.38%,
6/1/2031
(a)(b)
1,154,000
1,182,128
10,518,002
Passenger
Airlines
—
1
.9
%
American
Airlines,
Inc.
5.75%,
4/20/2029
(a)
1,140,000
1,152,945
JetBlue
Airways
Corp.
9.88%,
9/20/2031
(a)
827,000
842,446
United
Airlines
Holdings,
Inc.
4.88%,
3/1/2029
638,000
642,388
5.38%,
3/1/2031
88,000
89,592
VistaJet
Malta
Finance
plc
6.38%,
2/1/2030
(a)
452,000
420,514
3,147,885
Personal
Care
Products
—
0
.3
%
Opal
Bidco
SAS
6.50%,
3/31/2032
(a)
466,000
479,980
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Pharmaceuticals
—
2
.7
%
1261229
BC
Ltd.
10.00%,
4/15/2032
(a)
$
2,471,000
$
2,561,035
Endo
Finance
Holdings
LP
8.50%,
4/15/2031
(a)
378,000
401,709
Organon
&
Co.
4.13%,
4/30/2028
(a)
846,000
830,433
5.13%,
4/30/2031
(a)
767,000
681,263
4,474,440
Professional
Services
—
0
.6
%
Amentum
Holdings,
Inc.
7.25%,
8/1/2032
(a)
333,000
348,921
CACI
International,
Inc.
6.38%,
6/15/2033
(a)
566,000
583,552
932,473
Semiconductors
&
Semiconductor
Equipment
—
0
.4
%
Qnity
Electronics,
Inc.
5.75%,
8/15/2032
(a)
628,000
643,535
Software
—
3
.9
%
AthenaHealth
Group,
Inc.
6.50%,
2/15/2030
(a)
941,000
888,374
Cloud
Software
Group,
Inc.
6.50%,
3/31/2029
(a)
2,071,000
2,031,999
9.00%,
9/30/2029
(a)
1,170,000
1,140,200
Fair
Isaac
Corp.
6.00%,
5/15/2033
(a)
800,000
808,734
McAfee
Corp.
7.38%,
2/15/2030
(a)
799,000
653,711
UKG,
Inc.
6.88%,
2/1/2031
(a)
1,006,000
977,031
6,500,049
Specialized
REITs
—
1
.6
%
Iron
Mountain,
Inc.
REIT,
7.00%,
2/15/2029
(a)
617,000
633,226
REIT,
6.25%,
1/15/2033
(a)
255,000
260,651
Millrose
Properties,
Inc.
REIT,
6.38%,
8/1/2030
(a)
1,073,000
1,101,006
SBA
Communications
Corp.
REIT,
3.13%,
2/1/2029
665,000
639,386
2,634,269
Specialty
Retail
—
1
.5
%
EG
Global
Finance
plc
12.00%,
11/30/2028
(a)
450,000
483,771
LCM
Investments
Holdings
II
LLC
4.88%,
5/1/2029
(a)
367,000
361,586
PetSmart
LLC
7.50%,
9/15/2032
(a)
724,000
732,587
FEBRUARY
28,
2026
(Unaudited)
::
HIGH
YIELD-INTEREST
RATE
HEDGED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
37
HYHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Specialty
Retail
Staples,
Inc.
10.75%,
9/1/2029
(a)
$
988,000
$
910,357
2,488,301
Trading
Companies
&
Distributors
—
2
.7
%
EquipmentShare.com,
Inc.
9.00%,
5/15/2028
(a)
441,000
461,168
FTAI
Aviation
Investors
LLC
5.50%,
5/1/2028
(a)
287,000
286,973
Herc
Holdings,
Inc.
7.25%,
6/15/2033
(a)
1,096,000
1,158,607
Imola
Merger
Corp.
4.75%,
5/15/2029
(a)
826,000
811,901
QXO
Building
Products,
Inc.
6.75%,
4/30/2032
(a)
929,000
962,068
United
Rentals
North
America,
Inc.
5.38%,
11/15/2033
(a)
324,000
326,330
6.13%,
3/15/2034
(a)
500,000
523,788
4,530,835
Wireless
Telecommunication
Services
—
1
.3
%
Connect
Finco
SARL
9.00%,
9/15/2029
(a)
726,000
770,330
Rogers
Communications,
Inc.
Series
NC5,
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%),
7.00%,
4/15/2055
(c)
685,000
716,388
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.62%),
7.13%,
4/15/2055
(c)
166,000
175,857
Vmed
O2
UK
Financing
I
plc
4.75%,
7/15/2031
(a)
630,000
560,765
2,223,340
Total
Corporate
Bonds
(Cost
$155,733,189)
156,958,436
Shares
Securities
Lending
Reinvestments
(d)
—
4
.0
%
Investment
Companies
—
4
.0
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(e)
(Cost
$6,594,235)
6,594,235
6,594,235
Investments
Principal
Amount
Value
Short-Term
Investments
—
2
.3
%
Repurchase
Agreements
(f)
—
2
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$3,813,901
(Cost
$3,812,771)
$
3,812,771
$
3,812,771
Total
Investments
—
101.5%
(Cost
$166,140,195)
167,365,442
Liabilities
in
excess
of
other
assets
—
(1.5%)
(
2,513,504
)
Net
Assets
—
100.0%
$
164,851,938
(a)
Securities
exempt
from
registration
under
Rule
144A
or
section
4(2),
of
the
Securities
Act
of
1933.
Under
procedures
approved
by
the
Board
of
Trustees,
such
securities
have
been
determined
to
be
liquid
by
the
investment
adviser
and
may
be
resold,
normally
to
qualified
institutional
buyers
in
transactions
exempt
from
registration.The
aggregate
value
of
these
securities
as
of
February
28,
2026
was
$142,112,744
which
represents
86.21%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$6,648,175,
collateralized
in
the
form
of
cash
with
a
value
of
$6,594,235
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$330,930
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.25%,
and
maturity
dates
ranging
from
March
12,
2026
–
May
15,
2055.
The
total
value
of
collateral
is
$6,925,165.
(c)
Variable
or
floating
rate
security,
linked
to
the
referenced
benchmark.
The
interest
rate
shown
is
the
rate
in
effect
as
of
February
28,
2026.
(d)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$6,594,235.
(e)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(f)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
HIGH
YIELD-INTEREST
RATE
HEDGED
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
38
HYHG
::
Futures
Contracts
Sold
High
Yield-Interest
Rate
Hedged
had
the
following
open
short
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
10
Year
Treasury
Note
179
6/18/2026
U.S.
Dollar
$
20,372,438
$
(
96,709
)
U.S.
2
Year
Treasury
Note
272
6/30/2026
U.S.
Dollar
56,922,375
(
83,454
)
U.S.
5
Year
Treasury
Note
700
6/30/2026
U.S.
Dollar
77,098,437
(
267,277
)
$
(
447,440
)
FEBRUARY
28,
2026
(Unaudited)
::
INFLATION
EXPECTATIONS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
39
RINF
::
Investments
Shares
Value
Exchange
Traded
Funds
—
81
.6
%
ProShares
GENIUS
Money
Market
ETF,
3.50%(a)(b)
(Cost
$14,005,600)
140,000
$
14,016,800
Principal
Amount
Short-Term
Investments
—
14
.6
%
Repurchase
Agreements
(c)
—
14
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$2,515,315
(Cost
$2,514,570)
$
2,514,570
2,514,570
Total
Investments
—
96.2%
(Cost
$16,520,170)
16,531,370
Other
assets
less
liabilities
—
3.8%
648,015
Net
Assets
—
100.0%
$
17,179,385
(a)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(b)
Represents
7-day
effective
yield
as
of
February
28,
2026.
(c)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ETF
Exchange
Traded
Fund
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
February
28,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2025
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
Appreciation
($)
Value
at
February
28,
2026
($)
Shares
held
at
February
28,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
—
14,005,600
–
–
11,200
14,016,800
140,000
–
INFLATION
EXPECTATIONS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
40
RINF
::
Swap
Agreements
Inflation
Expectations
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
2,672,146
11/4/2026
Citibank
NA
3.38%
FTSE
30-Year
TIPS
(Treasury
Rate-Hedged)
Index
(long
exposure
to
30-year
Treasury
Inflation-Protected
Securities
(TIPS)
bond)
c
56,555
3,431,595
11/4/2026
Citibank
NA
3.29%
FTSE
30-Year
TIPS
(Treasury
Rate-Hedged)
Index
(long
exposure
to
30-year
Treasury
Bond
inverse
index)
c
(
101,913
)
6,103,741
(
45,358
)
14,505,171
11/4/2026
Societe
Generale
3.73%
FTSE
30-Year
TIPS
(Treasury
Rate-Hedged)
Index
(long
exposure
to
30-year
Treasury
Inflation-Protected
Securities
(TIPS)
bond)
c
114,512
20,022,515
11/4/2026
Societe
Generale
3.18%
FTSE
30-Year
TIPS
(Treasury
Rate-Hedged)
Index
(long
exposure
to
30-year
Treasury
Bond
inverse
index)
c
(
421,413
)
34,527,686
(
306,901
)
40,631,427
(
352,259
)
Total
Unrealized
Appreciation
171,067
Total
Unrealized
Depreciation
(
523,326
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
28,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
Certain
underlying
component
disclosures
related
to
this
index
may
be
found
on
the
website
at
www.proshares.com/media/FTSE30-Year_
TIPS_February.pdf.
FEBRUARY
28,
2026
(Unaudited)
::
INVESTMENT
GRADE-INTEREST
RATE
HEDGED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
41
IGHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
—
94
.6
%
Aerospace
&
Defense
—
2
.5
%
GE
Capital
International
Funding
Co.
ULC.
4.42%,
11/15/2035
$
963,000
$
950,956
General
Electric
Co.
6.75%,
3/15/2032
1,135,000
1,297,410
Lockheed
Martin
Corp.
4.07%,
12/15/2042
1,629,000
1,423,957
RTX
Corp.
4.50%,
6/1/2042
3,792,000
3,496,182
7,168,505
Air
Freight
&
Logistics
—
0
.8
%
United
Parcel
Service,
Inc.
6.20%,
1/15/2038
1,889,000
2,123,358
Automobiles
—
1
.6
%
Ford
Motor
Co.
4.75%,
1/15/2043
1,868,000
1,502,740
General
Motors
Co.
6.25%,
10/2/2043
1,704,000
1,751,317
5.20%,
4/1/2045
1,294,000
1,179,553
4,433,610
Banks
—
26
.9
%
Banco
Santander
SA
6.92%,
8/8/2033
2,416,000
2,688,189
6.94%,
11/7/2033
1,587,000
1,833,652
6.35%,
3/14/2034
2,164,000
2,336,560
6.03%,
1/17/2035
50,000
53,879
5.13%,
11/6/2035
847,000
852,038
Bank
of
America
Corp.
6.11%,
1/29/2037
500,000
539,818
7.75%,
5/14/2038
2,034,000
2,496,064
5.88%,
2/7/2042
3,569,000
3,827,703
5.00%,
1/21/2044
356,000
346,639
Bank
of
America
NA
6.00%,
10/15/2036
876,000
953,535
Barclays
plc
5.25%,
8/17/2045
2,342,000
2,291,604
4.95%,
1/10/2047
774,000
724,608
Citigroup,
Inc.
6.63%,
6/15/2032
1,568,000
1,746,883
8.13%,
7/15/2039
1,226,000
1,576,634
6.68%,
9/13/2043
2,459,000
2,779,175
4.65%,
7/30/2045
160,000
146,116
4.75%,
5/18/2046
1,262,000
1,124,740
Cooperatieve
Rabobank
UA
5.25%,
5/24/2041
2,050,000
2,075,694
5.75%,
12/1/2043
1,290,000
1,313,584
5.25%,
8/4/2045
870,000
830,652
Fifth
Third
Bancorp
8.25%,
3/1/2038
1,074,000
1,331,496
HSBC
Holdings
plc
6.50%,
5/2/2036
500,000
558,177
6.50%,
9/15/2037
3,006,000
3,343,657
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Banks
HSBC
Holdings
plc
5.25%,
3/14/2044
$
621,000
$
610,536
JPMorgan
Chase
&
Co.
6.40%,
5/15/2038
2,154,000
2,448,702
5.50%,
10/15/2040
3,660,000
3,867,127
5.60%,
7/15/2041
100,000
104,556
5.40%,
1/6/2042
100,000
102,424
5.63%,
8/16/2043
257,000
265,659
4.95%,
6/1/2045
1,078,000
1,023,930
Lloyds
Banking
Group
plc
4.34%,
1/9/2048
1,591,000
1,349,069
Mitsubishi
UFJ
Financial
Group,
Inc.
3.75%,
7/18/2039
1,417,000
1,252,562
Mizuho
Financial
Group,
Inc.
2.56%,
9/13/2031
1,184,000
1,077,614
Royal
Bank
of
Canada
2.30%,
11/3/2031
2,363,000
2,157,568
3.88%,
5/4/2032
1,048,000
1,031,662
5.00%,
2/1/2033
342,000
354,955
5.15%,
2/1/2034
1,693,000
1,782,867
Sumitomo
Mitsui
Financial
Group,
Inc.
2.22%,
9/17/2031
581,000
521,926
5.77%,
1/13/2033
1,798,000
1,932,164
5.56%,
7/9/2034
2,141,000
2,266,330
5.63%,
1/15/2035
877,000
936,911
6.18%,
7/13/2043
927,000
1,027,011
5.84%,
7/9/2044
786,000
821,202
Toronto-Dominion
Bank
(The)
3.20%,
3/10/2032
2,059,000
1,942,790
4.46%,
6/8/2032
1,937,000
1,955,623
4.93%,
10/15/2035
1,050,000
1,058,495
Wells
Fargo
&
Co.
5.38%,
11/2/2043
836,000
815,847
5.61%,
1/15/2044
1,571,000
1,566,548
4.65%,
11/4/2044
1,452,000
1,274,945
3.90%,
5/1/2045
350,000
286,515
4.90%,
11/17/2045
2,404,000
2,171,621
4.40%,
6/14/2046
50,000
42,117
4.75%,
12/7/2046
891,000
789,022
Wells
Fargo
Bank
NA
6.60%,
1/15/2038
1,065,000
1,205,088
Westpac
Banking
Corp.
4.42%,
7/24/2039
858,000
806,833
2.96%,
11/16/2040
704,000
548,346
3.13%,
11/18/2041
1,446,000
1,122,025
76,291,687
Beverages
—
2
.5
%
Anheuser-Busch
InBev
Worldwide,
Inc.
4.95%,
1/15/2042
1,452,000
1,409,701
Coca-Cola
Co.
(The)
2.50%,
6/1/2040
1,142,000
868,610
2.60%,
6/1/2050
302,000
191,461
3.00%,
3/5/2051
1,986,000
1,351,577
2.50%,
3/15/2051
2,643,000
1,626,165
2.75%,
6/1/2060
691,000
414,111
INVESTMENT
GRADE-INTEREST
RATE
HEDGED
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
42
IGHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Beverages
Molson
Coors
Beverage
Co.
5.00%,
5/1/2042
$
1,228,000
$
1,148,940
7,010,565
Biotechnology
—
0
.8
%
AbbVie,
Inc.
4.40%,
11/6/2042
2,589,000
2,350,065
Capital
Markets
—
6
.2
%
Goldman
Sachs
Group,
Inc.
(The)
6.13%,
2/15/2033
897,000
984,229
6.75%,
10/1/2037
1,738,000
1,952,064
6.25%,
2/1/2041
2,770,000
3,026,989
5.15%,
5/22/2045
2,445,000
2,310,000
Morgan
Stanley
6.38%,
7/24/2042
303,000
338,851
4.30%,
1/27/2045
2,227,000
1,942,830
4.38%,
1/22/2047
4,623,000
4,029,660
Nomura
Holdings,
Inc.
5.78%,
7/3/2034
1,066,000
1,134,216
UBS
Group
AG
4.88%,
5/15/2045
1,894,000
1,768,856
17,487,695
Communications
Equipment
—
1
.8
%
Cisco
Systems,
Inc.
5.90%,
2/15/2039
3,032,000
3,315,597
5.50%,
1/15/2040
1,834,000
1,925,527
5,241,124
Consumer
Finance
—
2
.3
%
Ally
Financial,
Inc.
8.00%,
11/1/2031
2,087,000
2,369,161
American
Express
Co.
4.05%,
12/3/2042
943,000
822,477
John
Deere
Capital
Corp.
4.40%,
9/8/2031
520,000
530,643
Series
I,
5.15%,
9/8/2033
1,401,000
1,481,719
5.10%,
4/11/2034
1,237,000
1,293,216
6,497,216
Consumer
Staples
Distribution
&
Retail
—
1
.2
%
Target
Corp.
4.00%,
7/1/2042
1,113,000
961,584
Walmart,
Inc.
5.25%,
9/1/2035
1,069,000
1,142,096
6.50%,
8/15/2037
1,210,000
1,419,938
3,523,618
Diversified
Telecommunication
Services
—
6
.4
%
Comcast
Corp.
4.25%,
1/15/2033
1,719,000
1,703,666
Sprint
Capital
Corp.
8.75%,
3/15/2032
2,243,000
2,742,656
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Diversified
Telecommunication
Services
Telefonica
Emisiones
SA
7.05%,
6/20/2036
$
1,953,000
$
2,211,387
5.21%,
3/8/2047
2,835,000
2,553,395
4.90%,
3/6/2048
917,000
788,423
Verizon
Communications,
Inc.
4.50%,
8/10/2033
1,365,000
1,361,941
4.27%,
1/15/2036
2,171,000
2,065,071
5.25%,
3/16/2037
1,239,000
1,261,330
4.81%,
3/15/2039
450,000
434,898
4.86%,
8/21/2046
2,276,000
2,050,869
4.52%,
9/15/2048
1,319,000
1,122,501
18,296,137
Electric
Utilities
—
0
.7
%
Duke
Energy
Florida
LLC
6.40%,
6/15/2038
759,000
851,882
Georgia
Power
Co.
4.30%,
3/15/2042
1,391,000
1,248,680
2,100,562
Electrical
Equipment
—
0
.2
%
Eaton
Corp.
4.15%,
11/2/2042
769,000
681,725
Energy
Equipment
&
Services
—
0
.3
%
Baker
Hughes
Holdings
LLC
5.13%,
9/15/2040
788,000
783,643
Entertainment
—
0
.9
%
TWDC
Enterprises
18
Corp.
4.13%,
6/1/2044
730,000
622,657
Walt
Disney
Co.
(The)
6.65%,
11/15/2037
1,555,000
1,796,354
2,419,011
Financial
Services
—
0
.4
%
Berkshire
Hathaway,
Inc.
4.50%,
2/11/2043
1,178,000
1,108,415
Food
Products
—
0
.9
%
Kraft
Heinz
Foods
Co.
5.00%,
6/4/2042
1,334,000
1,225,138
Unilever
Capital
Corp.
5.90%,
11/15/2032
1,078,000
1,191,486
2,416,624
Health
Care
Equipment
&
Supplies
—
1
.1
%
Medtronic,
Inc.
4.38%,
3/15/2035
952,000
942,511
4.63%,
3/15/2045
2,218,000
2,058,628
3,001,139
FEBRUARY
28,
2026
(Unaudited)
::
INVESTMENT
GRADE-INTEREST
RATE
HEDGED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
43
IGHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Health
Care
Providers
&
Services
—
2
.1
%
Ascension
Health
3.95%,
11/15/2046
$
1,382,000
$
1,153,779
Elevance
Health,
Inc.
4.65%,
1/15/2043
985,000
890,764
UnitedHealth
Group,
Inc.
4.63%,
7/15/2035
864,000
858,927
6.88%,
2/15/2038
1,925,000
2,234,333
4.75%,
7/15/2045
1,032,000
936,160
6,073,963
Insurance
—
1
.0
%
MetLife,
Inc.
5.70%,
6/15/2035
800,000
855,123
4.88%,
11/13/2043
1,543,000
1,430,606
4.05%,
3/1/2045
540,000
446,539
2,732,268
IT
Services
—
2
.0
%
International
Business
Machines
Corp.
4.15%,
5/15/2039
1,210,000
1,088,462
4.00%,
6/20/2042
1,051,000
887,565
4.25%,
5/15/2049
4,634,000
3,764,897
5,740,924
Machinery
—
0
.4
%
Caterpillar,
Inc.
3.80%,
8/15/2042
1,480,000
1,265,647
Media
—
2
.9
%
Paramount
Global
6.88%,
4/30/2036
1,001,000
908,651
4.38%,
3/15/2043
1,717,000
1,076,867
Time
Warner
Cable
Enterprises
LLC
8.38%,
7/15/2033
1,614,000
1,887,280
Time
Warner
Cable
LLC
6.55%,
5/1/2037
1,001,000
1,030,785
7.30%,
7/1/2038
307,000
332,234
6.75%,
6/15/2039
2,793,000
2,862,134
8,097,951
Metals
&
Mining
—
3
.2
%
BHP
Billiton
Finance
USA
Ltd.
4.13%,
2/24/2042
1,133,000
998,599
5.00%,
9/30/2043
2,195,000
2,131,243
Rio
Tinto
Finance
USA
Ltd.
5.20%,
11/2/2040
1,504,000
1,527,668
Southern
Copper
Corp.
6.75%,
4/16/2040
1,496,000
1,717,849
5.25%,
11/8/2042
157,000
154,373
5.88%,
4/23/2045
2,298,000
2,409,046
8,938,778
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Multi-Utilities
—
0
.8
%
Berkshire
Hathaway
Energy
Co.
6.13%,
4/1/2036
$
2,041,000
$
2,239,046
Oil,
Gas
&
Consumable
Fuels
—
7
.6
%
Canadian
Natural
Resources
Ltd.
6.25%,
3/15/2038
204,000
220,303
ConocoPhillips
6.50%,
2/1/2039
1,528,000
1,746,628
Hess
Corp.
5.60%,
2/15/2041
1,233,000
1,297,051
Kinder
Morgan
Energy
Partners
LP
6.95%,
1/15/2038
1,358,000
1,565,574
Kinder
Morgan,
Inc.
7.75%,
1/15/2032
894,000
1,051,574
Occidental
Petroleum
Corp.
6.45%,
9/15/2036
1,956,000
2,130,458
Phillips
66
5.88%,
5/1/2042
1,627,000
1,674,092
Shell
Finance
US,
Inc.
4.13%,
5/11/2035
2,014,000
1,964,467
4.38%,
5/11/2045
2,617,000
2,294,397
4.00%,
5/10/2046
2,036,000
1,684,321
TransCanada
PipeLines
Ltd.
6.20%,
10/15/2037
2,122,000
2,310,001
7.63%,
1/15/2039
640,000
774,562
Valero
Energy
Corp.
6.63%,
6/15/2037
1,254,000
1,410,776
Williams
Cos.,
Inc.
(The)
6.30%,
4/15/2040
1,369,000
1,492,781
21,616,985
Pharmaceuticals
—
7
.6
%
AstraZeneca
plc
6.45%,
9/15/2037
715,000
820,421
4.00%,
9/18/2042
3,609,000
3,149,659
4.38%,
11/16/2045
1,357,000
1,215,047
GlaxoSmithKline
Capital,
Inc.
6.38%,
5/15/2038
2,768,000
3,159,802
Johnson
&
Johnson
5.95%,
8/15/2037
1,683,000
1,888,227
Merck
&
Co.,
Inc.
4.15%,
5/18/2043
1,211,000
1,061,978
Novartis
Capital
Corp.
4.40%,
5/6/2044
1,908,000
1,736,127
Pfizer,
Inc.
4.00%,
12/15/2036
(a)
2,897,000
2,747,344
7.20%,
3/15/2039
1,686,000
2,036,469
4.40%,
5/15/2044
1,000,000
909,110
4.13%,
12/15/2046
274,000
229,842
Wyeth
LLC
5.95%,
4/1/2037
2,452,000
2,681,667
21,635,693
INVESTMENT
GRADE-INTEREST
RATE
HEDGED
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
44
IGHG
::
Investments
Principal
Amount
Value
Corporate
Bonds
(continued)
Software
—
1
.6
%
Oracle
Corp.
6.50%,
4/15/2038
$
3,611,000
$
3,741,375
6.13%,
7/8/2039
504,000
500,523
5.38%,
7/15/2040
368,000
336,617
4,578,515
Specialty
Retail
—
1
.0
%
Home
Depot,
Inc.
(The)
5.88%,
12/16/2036
2,520,000
2,757,951
Technology
Hardware,
Storage
&
Peripherals
—
2
.8
%
Apple,
Inc.
3.85%,
5/4/2043
400,000
343,078
4.45%,
5/6/2044
993,000
924,267
3.45%,
2/9/2045
5,961,000
4,723,383
4.38%,
5/13/2045
889,000
804,471
HP,
Inc.
6.00%,
9/15/2041
(a)
1,187,000
1,190,909
7,986,108
Tobacco
—
1
.8
%
Altria
Group,
Inc.
5.38%,
1/31/2044
2,682,000
2,601,259
Philip
Morris
International,
Inc.
6.38%,
5/16/2038
1,876,000
2,109,876
4.25%,
11/10/2044
525,000
454,828
5,165,963
Wireless
Telecommunication
Services
—
2
.3
%
America
Movil
SAB
de
CV
6.13%,
3/30/2040
1,895,000
2,059,417
4.38%,
7/16/2042
1,292,000
1,155,443
Vodafone
Group
plc
6.15%,
2/27/2037
2,498,000
2,755,470
5.25%,
5/30/2048
446,000
421,406
4.88%,
6/19/2049
234,000
208,746
6,600,482
Total
Corporate
Bonds
(Cost
$259,919,713)
268,364,973
Asset-Backed
Securities
-
0
.4
%
United
Airlines
Pass-Through
Trust
Series
2023-1,
Class
A,
5.80%,
1/15/2036
(Cost
$1,115,305)
1,100,039
1,167,485
Shares
Securities
Lending
Reinvestments
(b)
—
0
.5
%
Investment
Companies
—
0
.5
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$1,392,165)
1,392,165
1,392,165
Investments
Principal
Amount
Value
Short-Term
Investments
—
1
.5
%
Repurchase
Agreements
(d)
—
1
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$4,358,150
(Cost
$4,356,858)
$
4,356,858
$
4,356,858
Total
Investments
—
97.0%
(Cost
$266,784,041)
275,281,481
Other
assets
less
liabilities
—
3.0%
8,509,216
Net
Assets
—
100.0%
$
283,790,697
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$1,341,136,
collateralized
in
the
form
of
cash
with
a
value
of
$1,392,165
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$1,392,165.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
28,
2026
(Unaudited)
::
INVESTMENT
GRADE-INTEREST
RATE
HEDGED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
45
IGHG
::
Futures
Contracts
Sold
Investment
Grade-Interest
Rate
Hedged
had
the
following
open
short
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
U.S.
10
Year
Treasury
Note
Futures
Contracts
958
6/18/2026
U.S.
Dollar
$
109,032,375
$
(
542,312
)
U.S.
Treasury
Long
Bond
1,256
6/18/2026
U.S.
Dollar
148,796,750
(
1,062,179
)
U.S.
Treasury
Ultra
Bond
80
6/18/2026
U.S.
Dollar
9,727,500
(
87,657
)
$
(
1,692,148
)
K-1
FREE
CRUDE
OIL
ETF
::
FEBRUARY
28,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
46
OILK
::
Investments
Shares
Value
Exchange
Traded
Funds
—
47
.1
%
ProShares
GENIUS
Money
Market
ETF,
3.50%(a)(b)
(Cost
$50,020,000)
500,000
$
50,060,000
Principal
Amount
Short-Term
Investments
—
26
.1
%
Repurchase
Agreements
(c)
—
26
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$27,700,589
(Cost
$27,692,378)
$
27,692,378
27,692,378
Total
Investments
—
73.2%
(Cost
$77,712,378)
77,752,378
Other
assets
less
liabilities
—
26.8%
28,511,289
Net
Assets
—
100.0%
$
106,263,667
(a)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(b)
Represents
7-day
effective
yield
as
of
February
28,
2026.
(c)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
February
28,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2025
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
Appreciation
($)
Value
at
February
28,
2026
($)
Shares
held
at
February
28,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
—
50,020,000
–
–
40,000
50,060,000
500,000
–
Futures
Contracts
Purchased
K-1
Free
Crude
Oil
ETF
had
the
following
open
long
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
WTI
Crude
Oil
530
4/21/2026
U.S.
Dollar
$
35,451,700
$
1,539,477
WTI
Crude
Oil
537
5/19/2026
U.S.
Dollar
35,742,720
2,325,985
WTI
Crude
Oil
539
11/20/2026
U.S.
Dollar
34,350,470
1,237,678
$
5,103,140
FEBRUARY
28,
2026
(Unaudited)
::
LARGE
CAP
CORE
PLUS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
47
CSM
::
Investments
Shares
Value
Common
Stocks
(a)
—
92
.5
%
Aerospace
&
Defense
—
3.3%
Boeing
Co.
(The)*
10,251
$
2,332,410
General
Dynamics
Corp.
5,328
1,902,362
General
Electric
Co.
9,707
3,322,318
Howmet
Aerospace,
Inc.
8,497
2,230,718
Huntington
Ingalls
Industries,
Inc.
3,685
1,638,056
Lockheed
Martin
Corp.
1,323
870,640
Northrop
Grumman
Corp.
2,798
2,026,815
RTX
Corp.
988
200,189
Textron,
Inc.
15,037
1,483,400
16,006,908
Air
Freight
&
Logistics
—
0.1%
United
Parcel
Service,
Inc.,
Class
a
B
2,479
287,465
Automobile
Components
—
0.0%(b)
Aptiv
plc*
2,978
219,002
Automobiles
—
1.7%
Ford
Motor
Co.
124,571
1,755,205
General
Motors
Co.
14,258
1,122,247
Tesla,
Inc.*
13,299
5,352,981
8,230,433
Banks
—
2.9%
Bank
of
America
Corp.
15,147
754,775
Citigroup,
Inc.
21,725
2,393,878
Citizens
Financial
Group,
Inc.
14,128
850,364
Fifth
Third
Bancorp
11,615
574,594
Huntington
Bancshares,
Inc.
56,350
946,680
JPMorgan
Chase
&
Co.
11,511
3,456,753
KeyCorp
65,710
1,362,826
M&T
Bank
Corp.
6,743
1,463,096
Truist
Financial
Corp.
32,526
1,603,857
Wells
Fargo
&
Co.
7,588
618,043
14,024,866
Beverages
—
0.8%
Coca-Cola
Co.
(The)
9,932
810,054
Molson
Coors
Beverage
Co.,
Class
a
B
20,062
982,837
PepsiCo,
Inc.
10,966
1,861,369
3,654,260
Biotechnology
—
1.8%
AbbVie,
Inc.
5,542
1,286,187
Amgen,
Inc.
2,795
1,084,907
Biogen,
Inc.*
6,906
1,324,709
Gilead
Sciences,
Inc.
13,263
1,975,524
Incyte
Corp.*
14,661
1,484,720
Vertex
Pharmaceuticals,
Inc.*
3,604
1,790,575
8,946,622
Broadline
Retail
—
2.3%
Amazon.com,
Inc.*
51,406
10,795,260
Investments
Shares
Value
Common
Stocks
(a)
(continued)
eBay,
Inc.
2,024
$
183,901
10,979,161
Building
Products
—
0.9%
Allegion
plc
7,885
1,270,668
Builders
FirstSource,
Inc.*
3,590
374,401
Johnson
Controls
International
plc
1,529
220,635
Lennox
International,
Inc.
660
376,160
Masco
Corp.
2,780
199,104
Trane
Technologies
plc
4,285
1,981,041
4,422,009
Capital
Markets
—
3.1%
Ameriprise
Financial,
Inc.
1,200
564,144
Blackstone,
Inc.
9,524
1,079,736
Cboe
Global
Markets,
Inc.
3,030
908,152
Charles
Schwab
Corp.
(The)
23,280
2,216,256
Coinbase
Global,
Inc.,
Class
a
A*
1,817
319,519
FactSet
Research
Systems,
Inc.
6,963
1,509,648
Goldman
Sachs
Group,
Inc.
(The)
303
260,450
Interactive
Brokers
Group,
Inc.,
Class
a
A
20,486
1,458,398
Invesco
Ltd.
51,942
1,363,997
Moody's
Corp.
3,603
1,720,757
Morgan
Stanley
1,203
200,312
Robinhood
Markets,
Inc.,
Class
a
A*
7,060
535,501
S&P
Global,
Inc.
3,697
1,633,630
T.
Rowe
Price
Group,
Inc.
11,172
1,057,206
14,827,706
Chemicals
—
1.2%
Albemarle
Corp.
8,371
1,495,646
CF
Industries
Holdings,
Inc.
8,742
870,179
Corteva,
Inc.
4,192
335,863
Linde
plc
896
455,240
LyondellBasell
Industries
NV,
Class
a
A
19,530
1,123,365
Mosaic
Co.
(The)
47,715
1,328,386
5,608,679
Commercial
Services
&
Supplies
—
1.1%
Cintas
Corp.
2,958
594,943
Copart,
Inc.*
28,207
1,074,405
Republic
Services,
Inc.,
Class
a
A
4,629
1,060,041
Rollins,
Inc.
20,396
1,241,912
Veralto
Corp.
16,336
1,591,616
5,562,917
Communications
Equipment
—
1.0%
Arista
Networks,
Inc.*
12,156
1,622,826
Cisco
Systems,
Inc.
22,294
1,771,481
F5,
Inc.*
4,669
1,266,980
4,661,287
Consumer
Finance
—
0.3%
Synchrony
Financial
17,876
1,235,410
LARGE
CAP
CORE
PLUS
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
48
CSM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Consumer
Staples
Distribution
&
Retail
—
1.6%
Costco
Wholesale
Corp.
1,266
$
1,279,660
Dollar
General
Corp.
3,270
510,905
Dollar
Tree,
Inc.*
7,296
922,798
Kroger
Co.
(The)
20,939
1,428,877
Target
Corp.
14,847
1,689,440
Walmart,
Inc.
14,628
1,871,653
7,703,333
Containers
&
Packaging
—
0.2%
International
Paper
Co.
23,931
1,042,195
Diversified
Telecommunication
Services
—
0.7%
AT&T,
Inc.
84,298
2,361,187
Comcast
Corp.,
Class
a
A
12,788
395,916
Verizon
Communications,
Inc.
8,471
424,736
3,181,839
Electric
Utilities
—
2.9%
American
Electric
Power
Co.,
Inc.
4,251
568,869
Constellation
Energy
Corp.
6,451
2,128,056
Edison
International
23,348
1,745,030
Entergy
Corp.
1,868
200,081
Eversource
Energy
12,432
947,443
Exelon
Corp.
36,829
1,821,931
FirstEnergy
Corp.
27,415
1,402,551
NRG
Energy,
Inc.
9,043
1,618,335
PG&E
Corp.
95,269
1,810,111
Pinnacle
West
Capital
Corp.
15,058
1,510,317
Xcel
Energy,
Inc.
3,213
267,836
14,020,560
Electrical
Equipment
—
0.5%
AMETEK,
Inc.
2,855
682,973
Eaton
Corp.
plc
1,140
428,549
GE
Vernova,
Inc.
415
362,544
Hubbell,
Inc.,
Class
a
B
1,551
793,538
Rockwell
Automation,
Inc.
624
254,249
2,521,853
Electronic
Equipment,
Instruments
&
Components
—
1.5%
Amphenol
Corp.,
Class
a
A
16,716
2,441,539
CDW
Corp.
5,295
649,379
Jabil,
Inc.
5,956
1,578,280
TE
Connectivity
plc
7,832
1,802,535
Zebra
Technologies
Corp.,
Class
a
A*
4,012
898,527
7,370,260
Energy
Equipment
&
Services
—
0.1%
Halliburton
Co.
9,163
329,868
Entertainment
—
1.0%
Live
Nation
Entertainment,
Inc.*
10,173
1,649,450
Netflix,
Inc.*
17,001
1,636,176
Take-Two
Interactive
Software,
Inc.*
6,301
1,332,536
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Walt
Disney
Co.
(The)
3,851
$
408,360
5,026,522
Financial
Services
—
2.6%
Apollo
Global
Management,
Inc.
11,859
1,240,452
Berkshire
Hathaway,
Inc.,
Class
a
B*
7,916
3,997,184
Block,
Inc.,
Class
a
A*
7,711
491,191
Global
Payments,
Inc.
11,096
848,400
Jack
Henry
&
Associates,
Inc.
8,518
1,383,834
Mastercard,
Inc.,
Class
a
A
2,419
1,251,131
PayPal
Holdings,
Inc.
28,809
1,331,264
Visa,
Inc.,
Class
a
A
6,022
1,927,883
12,471,339
Food
Products
—
1.6%
Archer-Daniels-Midland
Co.
22,922
1,582,535
Bunge
Global
SA
6,193
747,185
Campbell's
Co.
(The)
27,952
753,306
Conagra
Brands,
Inc.
14,052
270,501
General
Mills,
Inc.
20,083
908,354
Hormel
Foods
Corp.
8,701
222,746
Kraft
Heinz
Co.
(The)
39,663
976,106
Lamb
Weston
Holdings,
Inc.
18,724
902,310
Tyson
Foods,
Inc.,
Class
a
A
22,911
1,488,986
7,852,029
Gas
Utilities
—
0.3%
Atmos
Energy
Corp.
8,476
1,583,232
Ground
Transportation
—
1.1%
Norfolk
Southern
Corp.
2,702
850,428
Uber
Technologies,
Inc.*
28,513
2,150,450
Union
Pacific
Corp.
8,738
2,315,395
5,316,273
Health
Care
Equipment
&
Supplies
—
2.2%
Abbott
Laboratories
2,121
246,778
Baxter
International,
Inc.
55,051
1,121,389
Boston
Scientific
Corp.*
22,972
1,765,398
Dexcom,
Inc.*
3,855
283,073
GE
HealthCare
Technologies,
Inc.
9,331
786,323
IDEXX
Laboratories,
Inc.*
2,443
1,604,392
Insulet
Corp.*
4,477
1,104,073
Medtronic
plc
15,612
1,524,668
ResMed,
Inc.
5,134
1,315,639
STERIS
plc
4,203
1,060,627
10,812,360
Health
Care
Providers
&
Services
—
2.4%
Cardinal
Health,
Inc.
7,655
1,754,756
Centene
Corp.*
37,586
1,686,860
Cigna
Group
(The)
3,422
991,764
CVS
Health
Corp.
25,636
2,048,316
Elevance
Health,
Inc.
821
262,720
Humana,
Inc.
3,598
685,563
McKesson
Corp.
1,423
1,405,028
Quest
Diagnostics,
Inc.
1,947
412,589
FEBRUARY
28,
2026
(Unaudited)
::
LARGE
CAP
CORE
PLUS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
49
CSM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
UnitedHealth
Group,
Inc.
3,309
$
970,430
Universal
Health
Services,
Inc.,
Class
a
B
6,615
1,363,351
11,581,377
Health
Care
REITs
—
0.7%
Healthpeak
Properties,
Inc.,
REIT
85,264
1,507,468
Ventas,
Inc.,
REIT
19,201
1,654,358
3,161,826
Hotel
&
Resort
REITs
—
0.3%
Host
Hotels
&
Resorts,
Inc.,
REIT
68,545
1,342,797
Hotels,
Restaurants
&
Leisure
—
2.0%
Booking
Holdings,
Inc.
510
2,162,069
Carnival
Corp.
47,744
1,506,323
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
5,418
201,658
Darden
Restaurants,
Inc.
1,044
223,260
Domino's
Pizza,
Inc.
1,565
629,928
Hilton
Worldwide
Holdings,
Inc.
3,435
1,070,964
Las
Vegas
Sands
Corp.
15,996
907,293
MGM
Resorts
International*
18,026
664,438
Norwegian
Cruise
Line
Holdings
Ltd.*
61,195
1,517,024
Royal
Caribbean
Cruises
Ltd.
2,793
868,511
9,751,468
Household
Durables
—
0.5%
DR
Horton,
Inc.
5,370
861,294
PulteGroup,
Inc.
10,533
1,445,128
2,306,422
Household
Products
—
0.5%
Church
&
Dwight
Co.,
Inc.
4,983
522,517
Clorox
Co.
(The)
1,732
220,241
Kimberly-Clark
Corp.
5,881
655,379
Procter
&
Gamble
Co.
(The)
5,564
930,301
2,328,438
Independent
Power
and
Renewable
Electricity
Producers
—
0.5%
AES
Corp.
(The)
89,192
1,541,238
Vistra
Corp.
3,777
656,782
2,198,020
Industrial
Conglomerates
—
0.3%
3M
Co.
9,387
1,551,859
Industrial
REITs
—
0.2%
Prologis,
Inc.,
REIT
8,384
1,195,307
Insurance
—
3.0%
Allstate
Corp.
(The)
8,392
1,800,252
American
International
Group,
Inc.
10,676
859,311
Arch
Capital
Group
Ltd.*
13,252
1,327,188
Assurant,
Inc.
6,136
1,408,764
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Brown
&
Brown,
Inc.
11,190
$
803,666
Cincinnati
Financial
Corp.
9,378
1,537,804
Erie
Indemnity
Co.,
Class
a
A
2,058
554,508
Hartford
Insurance
Group,
Inc.
(The)
10,218
1,439,001
Marsh
&
McLennan
Cos.,
Inc.
10,733
2,004,280
MetLife,
Inc.
16,933
1,220,361
Progressive
Corp.
(The)
8,263
1,765,473
14,720,608
Interactive
Media
&
Services
—
4.8%
Alphabet,
Inc.,
Class
a
A
29,543
9,210,326
Alphabet,
Inc.,
Class
a
C
22,745
7,083,475
Meta
Platforms,
Inc.,
Class
a
A
10,622
6,884,968
23,178,769
IT
Services
—
0.8%
Accenture
plc,
Class
a
A
3,724
777,273
Akamai
Technologies,
Inc.*
8,142
801,091
Cognizant
Technology
Solutions
Corp.,
Class
a
A
15,862
1,021,989
GoDaddy,
Inc.,
Class
a
A*
12,429
1,083,312
International
Business
Machines
Corp.
1,081
259,667
3,943,332
Life
Sciences
Tools
&
Services
—
0.7%
Danaher
Corp.
1,785
375,993
IQVIA
Holdings,
Inc.*
3,331
595,616
Mettler-Toledo
International,
Inc.*
769
1,050,985
Revvity,
Inc.
10,240
1,006,694
Thermo
Fisher
Scientific,
Inc.
584
304,328
West
Pharmaceutical
Services,
Inc.
1,044
265,531
3,599,147
Machinery
—
1.9%
Caterpillar,
Inc.
863
641,062
Fortive
Corp.
22,898
1,355,562
IDEX
Corp.
996
208,632
Illinois
Tool
Works,
Inc.
1,234
358,638
Otis
Worldwide
Corp.
12,828
1,187,360
Pentair
plc
14,295
1,417,921
Snap-on,
Inc.
2,791
1,075,149
Stanley
Black
&
Decker,
Inc.
15,960
1,380,380
Xylem,
Inc.
11,290
1,462,732
9,087,436
Media
—
0.4%
Fox
Corp.,
Class
a
A
19,548
1,101,334
Fox
Corp.,
Class
a
B
3,005
155,449
Omnicom
Group,
Inc.
8,495
724,538
1,981,321
Metals
&
Mining
—
1.0%
Freeport-McMoRan,
Inc.
21,053
1,433,288
Newmont
Corp.
17,727
2,304,510
Nucor
Corp.
2,197
388,605
LARGE
CAP
CORE
PLUS
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
50
CSM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Steel
Dynamics,
Inc.
3,375
$
651,814
4,778,217
Multi-Utilities
—
1.3%
Ameren
Corp.
14,627
1,656,946
Consolidated
Edison,
Inc.
14,841
1,669,909
DTE
Energy
Co.
11,225
1,663,994
WEC
Energy
Group,
Inc.
11,284
1,319,777
6,310,626
Oil,
Gas
&
Consumable
Fuels
—
2.8%
APA
Corp.
46,198
1,403,033
Chevron
Corp.
3,440
642,454
Coterra
Energy,
Inc.
49,623
1,517,968
Devon
Energy
Corp.
30,322
1,319,917
Diamondback
Energy,
Inc.
3,526
613,806
EQT
Corp.
28,573
1,754,954
Expand
Energy
Corp.
14,896
1,607,576
Exxon
Mobil
Corp.
15,444
2,355,210
ONEOK,
Inc.
20,225
1,674,023
Phillips
66
2,676
412,987
13,301,928
Passenger
Airlines
—
0.3%
Southwest
Airlines
Co.
26,295
1,295,292
United
Airlines
Holdings,
Inc.*
1,780
189,214
1,484,506
Pharmaceuticals
—
2.4%
Bristol-Myers
Squibb
Co.
10,666
665,239
Eli
Lilly
&
Co.
4,476
4,708,707
Johnson
&
Johnson
8,231
2,044,827
Merck
&
Co.,
Inc.
16,707
2,068,661
Pfizer,
Inc.
76,048
2,102,727
11,590,161
Professional
Services
—
1.3%
Automatic
Data
Processing,
Inc.
7,622
1,633,852
Broadridge
Financial
Solutions,
Inc.
8,690
1,615,210
Leidos
Holdings,
Inc.
7,446
1,303,795
Paychex,
Inc.
10,123
948,019
Paycom
Software,
Inc.
5,201
654,442
6,155,318
Real
Estate
Management
&
Development
—
0.3%
CBRE
Group,
Inc.,
Class
a
A*
9,502
1,403,065
Residential
REITs
—
1.2%
AvalonBay
Communities,
Inc.,
REIT
6,777
1,201,088
Camden
Property
Trust,
REIT
3,912
423,826
Equity
Residential,
REIT
19,989
1,263,505
Essex
Property
Trust,
Inc.,
REIT
5,122
1,306,673
Invitation
Homes,
Inc.,
REIT
52,919
1,393,886
5,588,978
Retail
REITs
—
0.3%
Kimco
Realty
Corp.,
REIT
55,204
1,300,054
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Semiconductors
&
Semiconductor
Equipment
—
9.4%
Advanced
Micro
Devices,
Inc.*
11,654
$
2,333,247
Analog
Devices,
Inc.
2,541
904,062
Applied
Materials,
Inc.
525
195,458
Broadcom,
Inc.
26,761
8,551,478
First
Solar,
Inc.*
2,121
418,261
Intel
Corp.*
15,927
726,430
Lam
Research
Corp.
6,051
1,415,268
Microchip
Technology,
Inc.
4,503
336,104
Micron
Technology,
Inc.
9,889
4,077,927
NVIDIA
Corp.
134,177
23,774,823
QUALCOMM,
Inc.
11,618
1,653,938
Skyworks
Solutions,
Inc.
18,646
1,110,929
45,497,925
Software
—
7.1%
Adobe,
Inc.*
6,052
1,588,105
AppLovin
Corp.,
Class
a
A*
3,071
1,335,179
Autodesk,
Inc.*
4,845
1,191,240
Cadence
Design
Systems,
Inc.*
643
193,800
Fair
Isaac
Corp.*
886
1,248,693
Gen
Digital,
Inc.
51,621
1,165,086
Intuit,
Inc.
4,902
2,005,065
Microsoft
Corp.
40,783
16,017,115
Oracle
Corp.
10,648
1,548,219
Palantir
Technologies,
Inc.,
Class
a
A*
13,993
1,919,700
PTC,
Inc.*
8,545
1,338,062
Salesforce,
Inc.
8,625
1,680,064
ServiceNow,
Inc.*
11,795
1,273,978
Trimble,
Inc.*
2,508
167,710
Tyler
Technologies,
Inc.*
2,813
997,743
Workday,
Inc.,
Class
a
A*
4,251
568,614
34,238,373
Specialized
REITs
—
1.3%
Digital
Realty
Trust,
Inc.,
REIT
9,389
1,663,731
SBA
Communications
Corp.,
Class
a
A,
REIT
7,290
1,466,456
VICI
Properties,
Inc.,
Class
a
A,
REIT
53,418
1,613,758
Weyerhaeuser
Co.,
REIT
55,470
1,360,679
6,104,624
Specialty
Retail
—
0.8%
Best
Buy
Co.,
Inc.
10,113
626,703
Carvana
Co.,
Class
a
A*
440
147,030
Home
Depot,
Inc.
(The)
2,253
857,762
Lowe's
Cos.,
Inc.
8,121
2,148,573
Williams-Sonoma,
Inc.
954
196,190
3,976,258
Technology
Hardware,
Storage
&
Peripherals
—
5.8%
Apple,
Inc.
81,008
21,400,693
Dell
Technologies,
Inc.,
Class
a
C
12,719
1,883,430
HP,
Inc.
32,305
613,472
NetApp,
Inc.
10,986
1,087,944
Sandisk
Corp.*
1,431
909,200
FEBRUARY
28,
2026
(Unaudited)
::
LARGE
CAP
CORE
PLUS
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
51
CSM
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Western
Digital
Corp.
7,253
$
2,028,664
27,923,403
Textiles,
Apparel
&
Luxury
Goods
—
0.5%
Deckers
Outdoor
Corp.*
12,180
1,428,349
Ralph
Lauren
Corp.,
Class
a
A
2,607
945,298
2,373,647
Tobacco
—
0.5%
Altria
Group,
Inc.
31,218
2,155,291
Philip
Morris
International,
Inc.
1,646
307,522
2,462,813
Wireless
Telecommunication
Services
—
0.4%
T-Mobile
US,
Inc.
9,730
2,112,286
Total
Common
Stocks
(Cost
$346,021,855)
446,428,697
Exchange
Traded
Funds
—
5
.2
%
ProShares
GENIUS
Money
Market
ETF,
3.50%(c)(d)
(Cost
$25,010,000)
250,000
25,027,500
Principal
Amount
Short-Term
Investments
—
2
.2
%
Repurchase
Agreements
(e)
—
2
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$10,816,246
(Cost
$10,813,040)
$
10,813,040
10,813,040
Total
Investments
—
99.9%
(Cost
$381,844,895)
482,269,237
Other
assets
less
liabilities
—
0.1%
531,105
Net
Assets
—
100.0%
$
482,800,342
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$48,371,506.
(b)
Represents
less
than
0.05%
of
net
assets.
(c)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(d)
Represents
7-day
effective
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ETF
Exchange
Traded
Fund
REIT
Real
Estate
Investment
Trust
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
February
28,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2025
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
Appreciation
($)
Value
at
February
28,
2026
($)
Shares
held
at
February
28,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
—
25,010,000
–
–
17,500
25,027,500
250,000
–
LARGE
CAP
CORE
PLUS
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
52
CSM
::
Swap
Agreements
Large
Cap
Core
Plus
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
100,383,211,307
11/15/2027
Goldman
Sachs
International
3.89%
UBS
130/30
Large
Cap
Index
(short
portion)
c
(
5,686,468
)
31,430,635,623
11/15/2027
Societe
Generale
4.69%
UBS
130/30
Large
Cap
Index
(long
portion)
d
2,443,112
66,129,941,073
11/15/2027
Societe
Generale
3.64%
UBS
130/30
Large
Cap
Index
(short
portion)
c
(
5,092,403
)
97,560,576,696
(
2,649,291
)
34,554,404,293
4/15/2027
UBS
AG
4.04%
UBS
130/30
Large
Cap
Index
(short
portion)
c
(
2,925,364
)
298,385,796,848
11/6/2026
UBS
AG
4.44%
UBS
130/30
Large
Cap
Index
(long
portion)
d
11,485,212
332,940,201,141
8,559,848
530,883,989,144
224,089
Total
Unrealized
Appreciation
13,928,324
Total
Unrealized
Depreciation
(
13,704,235
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
28,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
Certain
underlying
short
component
disclosures
related
to
this
index
may
be
found
on
the
website
at
www.proshares.com/media/Large_Cap_
Short_February.pdf
d
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
long
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
FEBRUARY
28,
2026
(Unaudited)
::
LONG
ONLINE/SHORT
STORES
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
53
CLIX
::
Investments
Shares
Value
Common
Stocks
—
89
.0
%
Broadline
Retail
—
56.1%
Alibaba
Group
Holding
Ltd.,
ADR
4,839
$
697,348
Amazon.com,
Inc.*
6,782
1,424,220
Coupang,
Inc.*
14,266
272,195
eBay,
Inc.
5,669
515,086
Etsy,
Inc.*
4,492
246,521
Global-e
Online
Ltd.*
2,261
79,067
JD.com,
Inc.,
ADR
3,803
100,894
MercadoLibre,
Inc.*
75
131,819
Ozon
Holdings
plc,
ADR*‡
3,471
—
PDD
Holdings,
Inc.,
ADR*
1,988
206,215
Sea
Ltd.,
ADR*
1,114
120,813
3,794,178
Distributors
—
4.6%
GigaCloud
Technology,
Inc.,
Class
a
A*
7,004
310,557
Personal
Care
Products
—
0.4%
Oddity
Tech
Ltd.,
Class
a
A*
2,569
30,237
Specialty
Retail
—
22.9%
Bed
Bath
&
Beyond,
Inc.*
43,799
233,449
Buckle,
Inc.
(The)
4,526
242,367
Carvana
Co.,
Class
a
A*
946
316,115
Chewy,
Inc.,
Class
a
A*
9,744
267,180
Revolve
Group,
Inc.,
Class
a
A*
9,342
235,045
Wayfair,
Inc.,
Class
a
A*
3,350
255,706
1,549,862
Textiles,
Apparel
&
Luxury
Goods
—
5.0%
Figs,
Inc.,
Class
a
A*
22,073
341,028
Total
Common
Stocks
(Cost
$5,184,318)
6,025,862
Principal
Amount
Short-Term
Investments
—
8
.2
%
Repurchase
Agreements
(a)
—
8
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$552,462
(Cost
$552,297)
$
552,297
552,297
Total
Investments
—
97.2%
(Cost
$5,736,615)
6,578,159
Other
assets
less
liabilities
—
2.8%
186,574
Net
Assets
—
100.0%
$
6,764,733
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
LONG
ONLINE/SHORT
STORES
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
54
CLIX
::
Swap
Agreements
Long
Online/Short
Stores
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(637,424)
4/15/2027
BNP
Paribas
(4.44)%
ProShares
Online
Retail
Index
(
7,412
)
622,346,526
4/15/2027
BNP
Paribas
3.99%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
453,605
)
621,709,102
(
461,017
)
18,291
11/6/2026
Goldman
Sachs
International
4.39%
ProShares
Online
Retail
Index
2,286
1,167,957
11/6/2026
Goldman
Sachs
International
3.39%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
14,072
)
1,186,248
(
11,786
)
53,791,334
11/6/2026
Societe
Generale
3.39%
ProShares
Online
Retail
Index
261,123
70,033,610
3/8/2027
Societe
Generale
3.39%
Solactive-ProShares
Bricks
and
Mortar
Retail
Store
Index
(
261,319
)
123,824,944
(
196
)
(278,884)
11/15/2027
UBS
AG
(4.44)%
ProShares
Online
Retail
Index
(
8,715
)
746,441,410
(
481,714
)
Total
Unrealized
Appreciation
263,409
Total
Unrealized
Depreciation
(
745,123
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
28,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
FEBRUARY
28,
2026
(Unaudited)
::
MERGER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
55
MRGR
::
Investments
Shares
Value
Common
Stocks
—
97
.1
%
Banks
—
4.7%
Stellar
Bancorp,
Inc.
10,033
$
377,843
Webster
Financial
Corp.
5,028
362,669
740,512
Biotechnology
—
11.7%
Amicus
Therapeutics,
Inc.*
25,379
364,696
Arcellx,
Inc.*
3,200
364,128
Avidity
Biosciences,
Inc.*
4,986
358,992
Exact
Sciences
Corp.*
3,557
367,723
RAPT
Therapeutics,
Inc.*
6,329
366,955
Verve
Therapeutics,
Inc.*‡
26,450
16,664
1,839,158
Capital
Markets
—
9.6%
Allfunds
Group
plc
37,567
373,979
DigitalBridge
Group,
Inc.
23,794
367,617
Janus
Henderson
Group
plc
7,591
395,491
Schroders
plc
45,300
357,744
1,494,831
Chemicals
—
2.7%
Axalta
Coating
Systems
Ltd.*
12,795
427,481
Construction
&
Engineering
—
2.3%
Great
Lakes
Dredge
&
Dock
Corp.*
21,500
364,425
Diversified
Telecommunication
Services
—
2.3%
IHS
Holding
Ltd.*
44,900
359,200
Electric
Utilities
—
2.2%
TXNM
Energy,
Inc.
5,806
342,670
Energy
Equipment
&
Services
—
2.7%
Valaris
Ltd.*
4,346
416,564
Entertainment
—
2.2%
Electronic
Arts,
Inc.
1,698
340,568
Food
Products
—
2.2%
JDE
Peet's
NV
9,294
348,123
Ground
Transportation
—
2.4%
Norfolk
Southern
Corp.
1,201
378,003
Health
Care
Equipment
&
Supplies
—
6.9%
Hologic,
Inc.*
4,763
358,939
Masimo
Corp.*
2,085
365,605
Penumbra,
Inc.*
1,038
357,477
1,082,021
Household
Durables
—
2.3%
Tri
Pointe
Homes,
Inc.*
7,850
363,455
Machinery
—
2.2%
Chart
Industries,
Inc.*
1,683
348,886
Investments
Shares
Value
Common
Stocks
(continued)
Metals
&
Mining
—
9.7%
Allied
Gold
Corp.*
11,492
$
363,788
New
Gold,
Inc.*
48,623
653,036
Teck
Resources
Ltd.,
Class
a
B
8,668
509,067
1,525,891
Multi-Utilities
—
2.6%
Northwestern
Energy
Group,
Inc.
5,802
405,908
Passenger
Airlines
—
2.6%
Sun
Country
Airlines
Holdings,
Inc.*
20,879
410,899
Personal
Care
Products
—
2.7%
Kenvue,
Inc.
22,267
425,745
Pharmaceuticals
—
2.4%
Atrium
Therapeutics,
Inc.*
499
7,355
Ventyx
Biosciences,
Inc.*
26,256
366,796
374,151
Real
Estate
Management
&
Development
—
2.3%
Kennedy-Wilson
Holdings,
Inc.
33,500
364,480
Residential
REITs
—
2.3%
Veris
Residential,
Inc.,
REIT
19,300
363,805
Semiconductors
&
Semiconductor
Equipment
—
4.5%
Silicon
Laboratories,
Inc.*
1,786
365,290
SkyWater
Technology,
Inc.*
11,260
331,720
697,010
Software
—
7.0%
Confluent,
Inc.,
Class
a
A*
12,030
368,960
Onestream,
Inc.,
Class
a
A*
15,422
363,805
SEMrush
Holdings,
Inc.,
Class
a
A*
30,541
360,995
1,093,760
Trading
Companies
&
Distributors
—
2.2%
Air
Lease
Corp.,
Class
a
A
5,282
342,485
Transportation
Infrastructure
—
2.4%
Qube
Holdings
Ltd.
103,500
369,015
Total
Common
Stocks
(Cost
$14,298,182)
15,219,046
MERGER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
56
MRGR
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
2
.0
%
Repurchase
Agreements
(a)
—
2
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$307,339
(Cost
$307,248)
$
307,248
$
307,248
Total
Investments
—
99.1%
(Cost
$14,605,430)
15,526,294
Other
assets
less
liabilities
—
0.9%
141,562
Net
Assets
—
100.0%
$
15,667,856
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Forward
Currency
Contracts
Merger
ETF
had
the
following
open
forward
currency
contracts
as
of
February
28,
2026:
Currency
A
Counterparty
A
Delivery
Date
A
Foreign
Currency
to
Receive
(Pay)
A
U.S.
Dollars
to
Receive
(Pay)
A
Market
Value
A
Net
Unrealized
Appreciation
/
(Depreciation)
A
AAA
U.S.
Dollar
vs.
Euro
Goldman
Sachs
International
04/14/26
2,000
$
(
2,357
)
$
2,369
$
12
U.S.
Dollar
vs.
British
Pound
Goldman
Sachs
International
04/14/26
1,000
(
1,348
)
1,348
–
U.S.
Dollar
vs.
Canadian
Dollar
Goldman
Sachs
International
04/14/26
(
595,000
)
440,525
(
437,008
)
3,517
U.S.
Dollar
vs.
Euro
Goldman
Sachs
International
04/14/26
(
351,000
)
418,281
(
415,654
)
2,627
U.S.
Dollar
vs.
British
Pound
Goldman
Sachs
International
04/14/26
(
265,000
)
357,977
(
357,176
)
801
Total
Unrealized
Appreciation
$
6,957
U.S.
Dollar
vs.
Canadian
Dollar
Goldman
Sachs
International
04/14/26
573,000
$
(
421,583
)
$
420,849
$
(
734
)
U.S.
Dollar
vs.
Euro
Goldman
Sachs
International
04/14/26
2,000
(
2,398
)
2,368
(
30
)
U.S.
Dollar
vs.
British
Pound
Goldman
Sachs
International
04/14/26
227,000
(
313,066
)
305,959
(
7,107
)
U.S.
Dollar
vs.
Australian
Dollar
Goldman
Sachs
International
04/14/26
(
524,000
)
369,788
(
372,832
)
(
3,044
)
U.S.
Dollar
vs.
Canadian
Dollar
Goldman
Sachs
International
04/14/26
(
2,001,000
)
1,449,889
(
1,469,668
)
(
19,779
)
U.S.
Dollar
vs.
Euro
Goldman
Sachs
International
04/14/26
(
254,000
)
296,965
(
300,786
)
(
3,821
)
U.S.
Dollar
vs.
British
Pound
Goldman
Sachs
International
04/14/26
(
228,000
)
305,903
(
307,306
)
(
1,403
)
Total
Unrealized
Depreciation
$
(
35,918
)
Total
Net
Unrealized
Depreciation
$
(
28,961
)
FEBRUARY
28,
2026
(Unaudited)
::
MERGER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
57
MRGR
::
Swap
Agreements
Merger
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(8,744)
11/6/2026
Citibank
NA
(2.94)%
S&P
Merger
Arbitrage
Index
(short
exposure
to
Acquirers)
c
(
1,324
)
10,013
11/6/2026
Citibank
NA
4.29%
S&P
Merger
Arbitrage
Index
(long
exposure
to
Targets)
d
555
1,269
(
769
)
(6,328,031)
11/6/2026
Societe
Generale
(2.64)%
S&P
Merger
Arbitrage
Index
(short
exposure
to
Acquirers)
c
(
330,085
)
4,355,764
11/6/2026
Societe
Generale
4.64%
S&P
Merger
Arbitrage
Index
(long
exposure
to
Targets)
d
192,181
(1,972,267)
(
137,904
)
(1,970,998)
(
138,673
)
Total
Unrealized
Appreciation
192,736
Total
Unrealized
Depreciation
(
331,409
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
February
28,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
c
Certain
underlying
short
component
disclosures
related
to
this
index
may
be
found
on
the
website
at
www.proshares.com/media/Merger_
Acquirers_February.pdf.
d
See
the
Common
Stocks
section
of
the
preceding
Schedule
of
Portfolio
Investments
for
the
representative
long
components
of
the
underlying
reference
instrument
and
their
relative
weightings.
Merger
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
75
.9
%
Canada
9
.7
%
United
Kingdom
7
.0
%
Australia
2
.3
%
Netherlands
2
.2
%
Other
a
2
.9
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
METAVERSE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
58
VERS
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Broadline
Retail
—
4.6%
Amazon.com,
Inc.*
1,099
$
230,790
Communications
Equipment
—
4.5%
Nokia
OYJ,
ADR
16,437
126,894
Telefonaktiebolaget
LM
Ericsson,
ADR(a)
8,770
101,732
228,626
Electronic
Equipment,
Instruments
&
Components
—
6.5%
Coherent
Corp.*
504
130,501
MicroVision,
Inc.*
6,008
4,693
Vuzix
Corp.*
66,631
192,563
327,757
Entertainment
—
7.0%
Electronic
Arts,
Inc.
644
129,167
ROBLOX
Corp.,
Class
a
A*
2,080
142,813
Take-Two
Interactive
Software,
Inc.*
394
83,323
355,303
Interactive
Media
&
Services
—
11.4%
Alphabet,
Inc.,
Class
a
A
717
223,532
Meta
Platforms,
Inc.,
Class
a
A
350
226,863
Pinterest,
Inc.,
Class
a
A*
950
16,273
Snap,
Inc.,
Class
a
A*
20,701
107,852
574,520
IT
Services
—
1.1%
Globant
SA*
859
42,744
Kingsoft
Cloud
Holdings
Ltd.,
ADR*
951
12,819
55,563
Media
—
2.1%
Stagwell,
Inc.,
Class
a
A*
22,524
108,566
Real
Estate
Management
&
Development
—
2.3%
eXp
World
Holdings,
Inc.
17,068
118,964
Semiconductors
&
Semiconductor
Equipment
—
43.4%
Aeluma,
Inc.(a)
12,904
199,625
Ambarella,
Inc.*
1,578
95,217
Amkor
Technology,
Inc.
1,422
68,000
ARM
Holdings
plc,
ADR(a)
874
111,391
Blaize
Holdings,
Inc.*
65,426
77,203
CEVA,
Inc.*
4,459
93,015
Cirrus
Logic,
Inc.*
303
42,759
Himax
Technologies,
Inc.,
ADR
29,275
213,122
Kopin
Corp.(a)
96,033
212,233
Micron
Technology,
Inc.
578
238,350
NVIDIA
Corp.
1,249
221,310
Qorvo,
Inc.*
2,340
193,986
QUALCOMM,
Inc.
1,483
211,120
Skyworks
Solutions,
Inc.
654
38,965
Synaptics,
Inc.*
270
21,994
Investments
Shares
Value
Common
Stocks
(continued)
Universal
Display
Corp.
1,491
$
159,075
2,197,365
Software
—
9.8%
Autodesk,
Inc.*
488
119,985
Figma,
Inc.,
Class
a
A*
3,154
92,696
Microsoft
Corp.
447
175,555
PTC,
Inc.*
173
27,090
Unity
Software,
Inc.*
4,389
80,011
495,337
Specialty
Retail
—
2.8%
Williams-Sonoma,
Inc.
678
139,431
Technology
Hardware,
Storage
&
Peripherals
—
4.3%
Apple,
Inc.
833
220,062
Total
Common
Stocks
(Cost
$4,569,851)
5,052,284
Securities
Lending
Reinvestments
(b)
—
6
.4
%
Investment
Companies
—
6
.4
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$321,772)
321,772
321,772
Total
Investments
—
106.2%
(Cost
$4,891,623)
5,374,056
Liabilities
in
excess
of
other
assets
—
(6.2%)
(
315,300
)
Net
Assets
—
100.0%
$
5,058,756
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$405,036,
collateralized
in
the
form
of
cash
with
a
value
of
$321,772
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$120,391
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.75%,
and
maturity
dates
ranging
from
April
30,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$442,163.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$321,772.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
Abbreviations
ADR
American
Depositary
Receipt
OYJ
Public
Limited
Company
FEBRUARY
28,
2026
(Unaudited)
::
METAVERSE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
59
VERS
::
Metaverse
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
90
.9
%
Taiwan
4
.2
%
Finland
2
.5
%
Sweden
2
.0
%
China
0
.2
%
Other
a
0
.2
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
MSCI
EAFE
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
60
EFAD
::
Investments
Shares
Value
Common
Stocks
—
99
.1
%
Aerospace
&
Defense
—
1.3%
BAE
Systems
plc
29,306
$
832,137
Biotechnology
—
1.2%
CSL
Ltd.
7,522
786,715
Broadline
Retail
—
1.3%
Pan
Pacific
International
Holdings
Corp.
129,599
863,302
Building
Products
—
1.3%
Geberit
AG
(Registered)
970
817,320
Capital
Markets
—
3.9%
Deutsche
Boerse
AG
3,146
863,246
London
Stock
Exchange
Group
plc
7,853
935,436
Partners
Group
Holding
AG(a)
659
734,707
2,533,389
Chemicals
—
6.5%
Air
Liquide
SA
3,993
840,319
Givaudan
SA
(Registered)
204
820,191
Nippon
Sanso
Holdings
Corp.
(a)
22,606
867,752
Sika
AG
(Registered)
4,036
837,061
Symrise
AG,
Class
a
A
9,103
833,823
4,199,146
Construction
&
Engineering
—
1.3%
ACS
Actividades
de
Construccion
y
Servicios
SA
6,678
864,165
Construction
Materials
—
1.3%
Buzzi
SpA
14,402
832,878
Diversified
Telecommunication
Services
—
5.0%
Elisa
OYJ
15,898
815,402
HKT
Trust
&
HKT
Ltd.
516,487
814,795
NTT,
Inc.
806,630
792,035
Telenor
ASA
43,691
809,671
3,231,903
Electric
Utilities
—
5.2%
CK
Infrastructure
Holdings
Ltd.
96,543
820,143
Elia
Group
SA/NV
5,150
819,666
Enel
SpA
73,682
886,841
Iberdrola
SA
33,837
801,024
3,327,674
Electrical
Equipment
—
1.3%
Schneider
Electric
SE
2,673
873,268
Electronic
Equipment,
Instruments
&
Components
—
2.8%
Halma
plc
15,231
856,771
Murata
Manufacturing
Co.
Ltd.
35,194
926,033
1,782,804
Investments
Shares
Value
Common
Stocks
(continued)
Financial
Services
—
2.6%
Sofina
SA
2,800
$
832,441
Washington
H
Soul
Pattinson
&
Co.
Ltd.
30,570
833,303
1,665,744
Food
Products
—
5.2%
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
a
PC
50
823,093
Kerry
Group
plc,
Class
a
A
9,255
822,832
Lotus
Bakeries
NV(a)
67
832,205
Nestle
SA
(Registered)
7,863
858,637
3,336,767
Gas
Utilities
—
1.3%
APA
Group
124,859
818,623
Health
Care
Equipment
&
Supplies
—
4.0%
Coloplast
A/S,
Class
a
B
10,478
808,038
Fisher
&
Paykel
Healthcare
Corp.
Ltd.
37,416
918,265
Terumo
Corp.
63,445
857,447
2,583,750
Health
Care
Providers
&
Services
—
1.4%
Sonic
Healthcare
Ltd.
53,195
903,381
Health
Care
Technology
—
1.3%
Pro
Medicus
Ltd.
9,050
838,433
Household
Durables
—
1.3%
Sony
Group
Corp.
35,416
826,392
Household
Products
—
1.2%
Unicharm
Corp.
114,347
783,309
Industrial
Conglomerates
—
3.8%
Hikari
Tsushin,
Inc.
2,962
838,751
Lifco
AB,
Class
a
B
23,075
822,993
Sekisui
Chemical
Co.
Ltd.(a)
41,799
816,302
2,478,046
Industrial
REITs
—
1.3%
Segro
plc,
REIT
74,513
842,706
Insurance
—
5.1%
AIA
Group
Ltd.
76,203
845,601
Legal
&
General
Group
plc
215,986
787,808
Swiss
Life
Holding
AG
(Registered)
724
829,769
Tokio
Marine
Holdings,
Inc.
19,766
826,342
3,289,520
Interactive
Media
&
Services
—
1.3%
CAR
Group
Ltd.
44,512
841,254
FEBRUARY
28,
2026
(Unaudited)
::
MSCI
EAFE
DIVIDEND
GROWERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
61
EFAD
::
Investments
Shares
Value
Common
Stocks
(continued)
IT
Services
—
3.9%
Obic
Co.
Ltd.(a)
32,295
$
868,785
Otsuka
Corp.
40,947
825,890
TIS,
Inc.(a)
38,604
797,177
2,491,852
Machinery
—
1.3%
Spirax
Group
plc
7,653
813,351
Metals
&
Mining
—
1.3%
Northern
Star
Resources
Ltd.
40,381
871,383
Personal
Care
Products
—
1.2%
Kao
Corp.
18,814
804,257
Pharmaceuticals
—
10.9%
Astellas
Pharma,
Inc.
50,936
848,743
Financiere
de
Tubize
SA
2,775
742,114
Novartis
AG
(Registered)
4,840
821,299
Novo
Nordisk
A/S,
Class
a
B
16,388
616,104
Recordati
Industria
Chimica
e
Farmaceutica
SpA
14,360
820,954
Roche
Holding
AG
1,683
803,148
Sanofi
SA
8,701
844,463
Shionogi
&
Co.
Ltd.
35,518
833,550
UCB
SA
2,398
714,341
7,044,716
Professional
Services
—
4.1%
Computershare
Ltd.
37,266
823,021
RELX
plc
26,724
928,407
Wolters
Kluwer
NV
10,940
879,638
2,631,066
Real
Estate
Management
&
Development
—
2.6%
Hulic
Co.
Ltd.
62,577
829,283
Sumitomo
Realty
&
Development
Co.
Ltd.
25,505
863,862
1,693,145
Semiconductors
&
Semiconductor
Equipment
—
2.6%
ASML
Holding
NV
567
825,708
Lasertec
Corp.
4,033
869,501
1,695,209
Software
—
3.8%
Nemetschek
SE
10,347
828,292
Sage
Group
plc
(The)
74,531
823,470
SAP
SE
4,007
808,823
2,460,585
Technology
Hardware,
Storage
&
Peripherals
—
2.6%
FUJIFILM
Holdings
Corp.
40,031
831,773
Logitech
International
SA
(Registered)
8,997
828,746
1,660,519
Investments
Shares
Value
Common
Stocks
(continued)
Trading
Companies
&
Distributors
—
1.3%
Bunzl
plc
28,048
$
827,338
Water
Utilities
—
1.3%
United
Utilities
Group
plc
43,545
815,519
Total
Common
Stocks
(Cost
$55,079,303)
63,961,566
Securities
Lending
Reinvestments
(b)
—
4
.9
%
Investment
Companies
—
4
.9
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$3,158,242)
3,158,242
3,158,242
Principal
Amount
Short-Term
Investments
—
0
.3
%
Repurchase
Agreements
(d)
—
0
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$192,900
(Cost
$192,841)
$
192,841
192,841
Total
Investments
—
104.3%
(Cost
$58,430,386)
67,312,649
Liabilities
in
excess
of
other
assets
—
(4.3%)
(
2,763,245
)
Net
Assets
—
100.0%
$
64,549,404
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$3,034,158,
collateralized
in
the
form
of
cash
with
a
value
of
$3,158,242
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$26,185
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.13%
–
4.63%,
and
maturity
dates
ranging
from
May
15,
2026
–
February
15,
2035.
The
total
value
of
collateral
is
$3,184,427.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$3,158,242.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
OYJ
Public
Limited
Company
REIT
Real
Estate
Investment
Trust
MSCI
EAFE
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
62
EFAD
::
MSCI
EAFE
Dividend
Growers
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
Japan
26
.0
%
United
Kingdom
13
.1
%
Switzerland
12
.7
%
Australia
10
.4
%
Belgium
6
.1
%
Germany
5
.2
%
France
4
.0
%
Italy
3
.9
%
Hong
Kong
3
.8
%
Netherlands
2
.6
%
Spain
2
.6
%
Denmark
2
.2
%
New
Zealand
1
.4
%
Sweden
1
.3
%
Ireland
1
.3
%
Finland
1
.3
%
Norway
1
.2
%
Other
a
0
.9
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
FEBRUARY
28,
2026
(Unaudited)
::
MSCI
EMERGING
MARKETS
DIVIDEND
GROWERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
63
EMDV
::
Investments
Shares
Value
Common
Stocks
—
100
.9
%
Automobile
Components
—
2.2%
Hankook
Tire
&
Technology
Co.
Ltd.
3,208
$
162,574
Banks
—
16.9%
Bank
of
China
Ltd.,
Class
a
A
207,800
160,040
Bank
of
Communications
Co.
Ltd.,
Class
a
A
165,900
158,502
China
Construction
Bank
Corp.,
Class
a
A
126,800
158,877
China
Merchants
Bank
Co.
Ltd.,
Class
a
A
28,500
161,088
Haci
Omer
Sabanci
Holding
A/S
63,641
146,015
Huaxia
Bank
Co.
Ltd.,
Class
a
A
163,900
159,939
Industrial
&
Commercial
Bank
of
China
Ltd.,
Class
a
A
155,200
156,656
Postal
Savings
Bank
of
China
Co.
Ltd.,
Class
a
H(a)
244,838
154,287
1,255,404
Beverages
—
14.0%
Anhui
Gujing
Distillery
Co.
Ltd.,
Class
a
B
11,900
105,578
Coca-Cola
Femsa
SAB
de
CV
14,226
158,136
Jiangsu
King's
Luck
Brewery
JSC
Ltd.,
Class
a
A
34,100
155,436
Kweichow
Moutai
Co.
Ltd.,
Class
a
A
700
148,565
Luzhou
Laojiao
Co.
Ltd.,
Class
a
A
9,500
153,121
Tsingtao
Brewery
Co.
Ltd.,
Class
a
H
24,294
164,581
Wuliangye
Yibin
Co.
Ltd.,
Class
a
A
10,400
157,842
1,043,259
Capital
Markets
—
4.3%
HDFC
Asset
Management
Co.
Ltd.(a)
5,069
150,360
Reinet
Investments
SCA
4,718
166,736
317,096
Chemicals
—
2.1%
Pidilite
Industries
Ltd.
9,707
159,194
Communications
Equipment
—
4.8%
Suzhou
TFC
Optical
Communication
Co.
Ltd.,
Class
a
A
3,500
188,230
Yealink
Network
Technology
Corp.
Ltd.,
Class
a
A
30,500
167,188
355,418
Construction
&
Engineering
—
2.2%
China
State
Construction
Engineering
Corp.
Ltd.,
Class
a
A
220,600
162,175
Investments
Shares
Value
Common
Stocks
(continued)
Consumer
Finance
—
2.2%
Sundaram
Finance
Ltd.
2,775
$
168,053
Consumer
Staples
Distribution
&
Retail
—
2.1%
Shoprite
Holdings
Ltd.
9,488
157,612
Diversified
Telecommunication
Services
—
2.2%
China
Tower
Corp.
Ltd.,
Class
a
H(a)
113,429
161,660
Electric
Utilities
—
2.0%
Interconexion
Electrica
SA
ESP
19,968
146,354
Electrical
Equipment
—
2.0%
WEG
SA
15,500
150,268
Electronic
Equipment,
Instruments
&
Components
—
2.3%
Lotes
Co.
Ltd.
3,057
173,855
Food
Products
—
2.0%
China
Mengniu
Dairy
Co.
Ltd.
73,813
152,657
Gas
Utilities
—
2.1%
ENN
Energy
Holdings
Ltd.
17,924
157,626
Ground
Transportation
—
2.2%
Localiza
Rent
a
Car
SA
16,253
160,929
Health
Care
Providers
&
Services
—
1.8%
Mouwasat
Medical
Services
Co.
7,907
134,176
Household
Durables
—
2.1%
Midea
Group
Co.
Ltd.,
Class
a
A
14,000
160,590
Independent
Power
and
Renewable
Electricity
Producers
—
4.3%
Gulf
Development
PCL,
NVDR*
81,616
162,786
NHPC
Ltd.
189,244
156,697
319,483
Interactive
Media
&
Services
—
2.1%
Tencent
Holdings
Ltd.
2,347
155,399
IT
Services
—
7.6%
Infosys
Ltd.,
ADR
10,148
146,537
LTIMindtree
Ltd.(a)
2,811
137,868
Mphasis
Ltd.
5,889
148,655
Persistent
Systems
Ltd.
2,579
134,171
567,231
Metals
&
Mining
—
0.0%
Polyus
PJSC,
GDR*‡(a)
3,949
—
Oil,
Gas
&
Consumable
Fuels
—
0.0%
Rosneft
Oil
Co.
PJSC,
GDR*‡(a)
25,159
—
MSCI
EMERGING
MARKETS
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
64
EMDV
::
Investments
Shares
Value
Common
Stocks
(continued)
Pharmaceuticals
—
6.5%
Sun
Pharmaceutical
Industries
Ltd.
8,454
$
161,411
Yuhan
Corp.
2,126
162,868
Zhangzhou
Pientzehuang
Pharmaceutical
Co.
Ltd.,
Class
a
A
6,600
157,152
481,431
Semiconductors
&
Semiconductor
Equipment
—
4.4%
Alchip
Technologies
Ltd.
1,488
166,387
NAURA
Technology
Group
Co.
Ltd.,
Class
a
A
2,305
158,654
325,041
Technology
Hardware,
Storage
&
Peripherals
—
2.2%
Wistron
Corp.
38,246
166,655
Tobacco
—
2.1%
ITC
Ltd.
44,606
153,759
Wireless
Telecommunication
Services
—
2.2%
China
United
Network
Communications
Ltd.,
Class
a
A
229,800
164,916
Total
Common
Stocks
(Cost
$7,250,465)
7,512,815
Principal
Amount
Short-Term
Investments
—
3
.1
%
Repurchase
Agreements
(b)
—
3
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$230,214
(Cost
$230,146)
$
230,146
230,146
Total
Investments
—
104.0%
(Cost
$7,480,611)
7,742,961
Liabilities
in
excess
of
other
assets
—
(4.0%)
(
297,945
)
Net
Assets
—
100.0%
$
7,445,016
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(b)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
NVDR
Non-Voting
Depositary
Receipt
PJSC
Public
Joint
Stock
Company
SCA
Limited
partnership
with
share
capital
FEBRUARY
28,
2026
(Unaudited)
::
MSCI
EMERGING
MARKETS
DIVIDEND
GROWERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
65
EMDV
::
MSCI
Emerging
Markets
Dividend
Growers
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
China
50
.8
%
India
18
.4
%
Taiwan
6
.8
%
South
Korea
4
.4
%
South
Africa
4
.3
%
Brazil
4
.2
%
Thailand
2
.2
%
Mexico
2
.1
%
Israel
2
.0
%
Colombia
2
.0
%
Turkey
1
.9
%
Saudi
Arabia
1
.8
%
Russia
0.0
%
*
Other
a
(
0
.9
)
%
100
.0
%
*
Amount
represents
less
than
0.05%.
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
MSCI
EUROPE
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
66
EUDV
::
Investments
Shares
Value
Common
Stocks
—
98
.8
%
Aerospace
&
Defense
—
2.2%
BAE
Systems
plc
6,729
$
191,069
Building
Products
—
2.2%
Geberit
AG
(Registered)
223
187,899
Capital
Markets
—
6.8%
Deutsche
Boerse
AG
722
198,113
London
Stock
Exchange
Group
plc
1,803
214,770
Partners
Group
Holding
AG
151
168,347
581,230
Chemicals
—
8.9%
Air
Liquide
SA
917
192,981
Givaudan
SA
(Registered)
47
188,965
Sika
AG
(Registered)
927
192,259
Symrise
AG,
Class
a
A
2,090
191,441
765,646
Construction
&
Engineering
—
2.3%
ACS
Actividades
de
Construccion
y
Servicios
SA
1,533
198,377
Construction
Materials
—
2.2%
Buzzi
SpA
3,307
191,246
Diversified
Telecommunication
Services
—
4.3%
Elisa
OYJ
3,650
187,207
Telenor
ASA
10,032
185,911
373,118
Electric
Utilities
—
6.7%
Elia
Group
SA/NV
1,183
188,284
Enel
SpA
16,919
203,638
Iberdrola
SA(a)
7,770
183,940
575,862
Electrical
Equipment
—
2.3%
Schneider
Electric
SE
614
200,594
Electronic
Equipment,
Instruments
&
Components
—
2.3%
Halma
plc
3,497
196,713
Financial
Services
—
2.2%
Sofina
SA
643
191,164
Food
Products
—
8.8%
Chocoladefabriken
Lindt
&
Spruengli
AG,
Class
a
PC
11
181,080
Kerry
Group
plc,
Class
a
A
2,125
188,927
Lotus
Bakeries
NV(a)
15
186,314
Nestle
SA
(Registered)
1,806
197,215
753,536
Health
Care
Equipment
&
Supplies
—
2.2%
Coloplast
A/S,
Class
a
B
2,406
185,545
Investments
Shares
Value
Common
Stocks
(continued)
Industrial
Conglomerates
—
2.2%
Lifco
AB,
Class
a
B
5,298
$
188,958
Industrial
REITs
—
2.2%
Segro
plc,
REIT
17,110
193,506
Insurance
—
4.3%
Legal
&
General
Group
plc
49,595
180,897
Swiss
Life
Holding
AG
(Registered)
166
190,251
371,148
Machinery
—
2.2%
Spirax
Group
plc
1,757
186,732
Pharmaceuticals
—
14.3%
Financiere
de
Tubize
SA
637
170,352
Novartis
AG
(Registered)
1,111
188,525
Novo
Nordisk
A/S,
Class
a
B
3,763
141,469
Recordati
Industria
Chimica
e
Farmaceutica
SpA
3,297
188,488
Roche
Holding
AG
386
184,204
Sanofi
SA
1,998
193,913
UCB
SA
551
164,138
1,231,089
Professional
Services
—
4.8%
RELX
plc
6,136
213,168
Wolters
Kluwer
NV
2,512
201,979
415,147
Semiconductors
&
Semiconductor
Equipment
—
2.2%
ASML
Holding
NV
130
189,316
Software
—
6.6%
Nemetschek
SE
2,376
190,202
Sage
Group
plc
(The)
17,114
189,088
SAP
SE
920
185,704
564,994
Technology
Hardware,
Storage
&
Peripherals
—
2.2%
Logitech
International
SA
(Registered)
2,066
190,307
Trading
Companies
&
Distributors
—
2.2%
Bunzl
plc
6,440
189,962
Water
Utilities
—
2.2%
United
Utilities
Group
plc
9,999
187,263
Total
Common
Stocks
(Cost
$7,583,170)
8,500,421
FEBRUARY
28,
2026
(Unaudited)
::
MSCI
EUROPE
DIVIDEND
GROWERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
67
EUDV
::
Investments
Shares
Value
Securities
Lending
Reinvestments
(b)
—
0
.0
%
(c)
Investment
Companies
—
0
.0
%
(c)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$1,019)
1,019
$
1,019
Principal
Amount
Short-Term
Investments
—
0
.3
%
Repurchase
Agreements
(e)
—
0
.3
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$24,127
(Cost
$24,120)
$
24,120
24,120
Total
Investments
—
99.1%
(Cost
$7,608,309)
8,525,560
Other
assets
less
liabilities
—
0.9%
73,443
Net
Assets
—
100.0%
$
8,599,003
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$112,760,
collateralized
in
the
form
of
cash
with
a
value
of
$1,019
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$117,836
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.13%
–
4.63%,
and
maturity
dates
ranging
from
May
15,
2026
–
February
15,
2035.
The
total
value
of
collateral
is
$118,855.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$1,019.
(c)
Represents
less
than
0.05%
of
net
assets.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
OYJ
Public
Limited
Company
REIT
Real
Estate
Investment
Trust
MSCI
Europe
Dividend
Growers
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
Kingdom
22
.6
%
Switzerland
21
.7
%
Belgium
10
.5
%
Germany
8
.9
%
France
6
.8
%
Italy
6
.8
%
Netherlands
4
.5
%
Spain
4
.4
%
Denmark
3
.8
%
Sweden
2
.2
%
Ireland
2
.2
%
Finland
2
.2
%
Norway
2
.2
%
Other
a
1
.2
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
MSCI
TRANSFORMATIONAL
CHANGES
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
68
ANEW
::
Investments
Shares
Value
Common
Stocks
—
99
.5
%
Aerospace
&
Defense
—
0.4%
AeroVironment,
Inc.*
51
$
12,865
Kratos
Defense
&
Security
Solutions,
Inc.*
214
18,442
31,307
Biotechnology
—
2.6%
AbbVie,
Inc.
659
152,941
CRISPR
Therapeutics
AG(a)
395
23,755
Madrigal
Pharmaceuticals,
Inc.*
39
16,848
193,544
Broadline
Retail
—
7.3%
Alibaba
Group
Holding
Ltd.
7,617
139,130
Amazon.com,
Inc.*
629
132,090
eBay,
Inc.
403
36,617
Naspers
Ltd.,
Class
a
N
2,125
118,139
Sea
Ltd.,
ADR*
1,072
116,258
542,234
Capital
Markets
—
0.4%
Coinbase
Global,
Inc.,
Class
a
A*
54
9,496
FactSet
Research
Systems,
Inc.
60
13,009
Robinhood
Markets,
Inc.,
Class
a
A*
123
9,329
31,834
Chemicals
—
11.6%
Corteva,
Inc.
2,312
185,238
International
Flavors
&
Fragrances,
Inc.
2,350
193,241
Nutrien
Ltd.
2,554
192,086
Sensient
Technologies
Corp.
676
68,634
Symrise
AG,
Class
a
A
1,803
165,278
UPL
Ltd.
8,091
56,687
861,164
Communications
Equipment
—
0.9%
Arista
Networks,
Inc.*
135
18,023
Cisco
Systems,
Inc.
411
32,658
F5,
Inc.*
68
18,452
69,133
Consumer
Staples
Distribution
&
Retail
—
1.0%
Sprouts
Farmers
Market,
Inc.*
950
70,177
Diversified
Telecommunication
Services
—
0.2%
Globalstar,
Inc.*
255
15,879
Electronic
Equipment,
Instruments
&
Components
—
0.3%
Cognex
Corp.
430
23,392
Entertainment
—
7.3%
China
Ruyi
Holdings
Ltd.(a)
113,534
29,460
Electronic
Arts,
Inc.
741
148,622
International
Games
System
Co.
Ltd.
1,475
32,845
Netflix,
Inc.*
1,328
127,807
Investments
Shares
Value
Common
Stocks
(continued)
Nintendo
Co.
Ltd.
1,712
$
98,610
Square
Enix
Holdings
Co.
Ltd.
1,778
29,312
Take-Two
Interactive
Software,
Inc.*
147
31,087
Warner
Bros
Discovery,
Inc.*
1,594
44,903
542,646
Financial
Services
—
1.8%
Mastercard,
Inc.,
Class
a
A
108
55,859
PayPal
Holdings,
Inc.
244
11,275
Visa,
Inc.,
Class
a
A
215
68,830
135,964
Food
Products
—
4.2%
Kerry
Group
plc,
Class
a
A
1,647
146,541
McCormick
&
Co.,
Inc.
(Non-Voting)
2,333
165,736
312,277
Health
Care
Equipment
&
Supplies
—
12.3%
Abbott
Laboratories
1,193
138,806
Becton
Dickinson
&
Co.
800
141,184
Boston
Scientific
Corp.*
1,476
113,431
Edwards
Lifesciences
Corp.*
1,796
155,300
Globus
Medical,
Inc.,
Class
a
A*
244
23,292
ICU
Medical,
Inc.*
148
22,286
Intuitive
Surgical,
Inc.*
268
134,941
IRhythm
Holdings,
Inc.*
115
15,381
ResMed,
Inc.
475
121,723
Teleflex,
Inc.
185
22,581
TransMedics
Group,
Inc.*
173
25,130
914,055
Health
Care
Providers
&
Services
—
1.7%
Guardant
Health,
Inc.*
211
19,813
Henry
Schein,
Inc.*
283
23,317
Hims
&
Hers
Health,
Inc.(a)
529
7,681
Quest
Diagnostics,
Inc.
364
77,135
127,946
Hotels,
Restaurants
&
Leisure
—
3.8%
Delivery
Hero
SE*(b)
3,633
84,374
DoorDash,
Inc.,
Class
a
A*
782
138,000
DraftKings,
Inc.,
Class
a
A*
1,122
26,748
Tongcheng
Travel
Holdings
Ltd.
(b)
11,904
31,436
280,558
Interactive
Media
&
Services
—
7.8%
Alphabet,
Inc.,
Class
a
A
536
167,103
Kuaishou
Technology(b)
3,942
31,669
Meta
Platforms,
Inc.,
Class
a
A
252
163,341
Pinterest,
Inc.,
Class
a
A*
1,294
22,166
REA
Group
Ltd.(a)
265
31,379
SEEK
Ltd.
2,090
24,631
Snap,
Inc.,
Class
a
A*
3,890
20,267
Tencent
Holdings
Ltd.
1,818
120,373
580,929
FEBRUARY
28,
2026
(Unaudited)
::
MSCI
TRANSFORMATIONAL
CHANGES
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
69
ANEW
::
Investments
Shares
Value
Common
Stocks
(continued)
IT
Services
—
1.8%
Akamai
Technologies,
Inc.*
182
$
17,907
Applied
Digital
Corp.*
621
16,935
Cloudflare,
Inc.,
Class
a
A*
73
12,570
CoreWeave,
Inc.,
Class
a
A*
192
15,276
DigitalOcean
Holdings,
Inc.(a)
339
19,004
GDS
Holdings
Ltd.,
Class
a
A*
3,995
21,355
International
Business
Machines
Corp.
116
27,864
130,911
Life
Sciences
Tools
&
Services
—
4.4%
Danaher
Corp.
701
147,659
Illumina,
Inc.*
500
67,230
Medpace
Holdings,
Inc.*
35
15,812
QIAGEN
NV
440
21,815
Revvity,
Inc.
219
21,530
Tempus
AI,
Inc.,
Class
a
A*
290
15,442
Waters
Corp.*
108
34,493
323,981
Machinery
—
7.1%
AGCO
Corp.
1,189
162,298
CNH
Industrial
NV
11,586
142,508
Deere
&
Co.
320
201,507
SMC
Corp.
47
22,699
529,012
Pharmaceuticals
—
4.9%
Eli
Lilly
&
Co.
151
158,850
Roche
Holding
AG
422
201,436
360,286
Professional
Services
—
0.2%
Paylocity
Holding
Corp.*
111
11,820
Semiconductors
&
Semiconductor
Equipment
—
6.1%
Advanced
Micro
Devices,
Inc.*
163
32,634
Ambarella,
Inc.*
172
10,379
Broadcom,
Inc.
433
138,365
MediaTek,
Inc.
409
25,488
Micron
Technology,
Inc.
82
33,814
NVIDIA
Corp.
793
140,512
QUALCOMM,
Inc.
116
16,514
Rigetti
Computing,
Inc.*
580
10,104
Semtech
Corp.*
229
20,660
Silicon
Laboratories,
Inc.*
129
26,384
454,854
Software
—
8.8%
Cadence
Design
Systems,
Inc.*
487
146,782
Check
Point
Software
Technologies
Ltd.*
81
12,318
Cipher
Digital,
Inc.*
944
14,726
Cleanspark,
Inc.(a)
1,231
12,248
Commvault
Systems,
Inc.*
129
10,975
Core
Scientific,
Inc.*
998
16,936
Investments
Shares
Value
Common
Stocks
(continued)
Crowdstrike
Holdings,
Inc.,
Class
a
A*
30
$
11,159
Dropbox,
Inc.,
Class
a
A*
532
13,295
D-Wave
Quantum,
Inc.(a)
622
11,681
Gen
Digital,
Inc.
608
13,723
Hut
8
Corp.*
393
20,919
JFrog
Ltd.*
266
10,680
Klaviyo,
Inc.,
Class
a
A*
1,206
20,996
MARA
Holdings,
Inc.(a)
1,139
10,183
Microsoft
Corp.
301
118,215
Nebius
Group
NV,
Class
a
A(a)
174
15,867
Oracle
Corp.
207
30,098
Palantir
Technologies,
Inc.,
Class
a
A*
178
24,420
Palo
Alto
Networks,
Inc.*
158
23,529
Procore
Technologies,
Inc.*
210
11,558
Rubrik,
Inc.,
Class
a
A*
222
11,535
SAP
SE
115
23,231
SoundHound
AI,
Inc.,
Class
a
A(a)
1,239
10,655
Strategy,
Inc.,
Class
a
A*
73
9,454
Terawulf,
Inc.(a)
1,298
21,054
Trend
Micro,
Inc.
327
10,889
Varonis
Systems,
Inc.,
Class
a
B*
462
10,672
Workday,
Inc.,
Class
a
A*
73
9,765
657,563
Specialized
REITs
—
0.2%
Keppel
DC
REIT,
REIT
8,897
16,248
Technology
Hardware,
Storage
&
Peripherals
—
2.4%
Apple,
Inc.
562
148,469
IonQ,
Inc.(a)
324
12,432
NetApp,
Inc.
147
14,557
175,458
Total
Common
Stocks
(Cost
$5,885,582)
7,393,172
Securities
Lending
Reinvestments
(c)
—
1
.1
%
Investment
Companies
—
1
.1
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$81,464)
81,464
81,464
Principal
Amount
Short-Term
Investments
—
0
.2
%
Repurchase
Agreements
(e)
—
0
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$18,101
(Cost
$18,095)
$
18,095
18,095
Total
Investments
—
100.8%
(Cost
$5,985,141)
7,492,731
Liabilities
in
excess
of
other
assets
—
(0.8%)
(
56,163
)
Net
Assets
—
100.0%
$
7,436,568
MSCI
TRANSFORMATIONAL
CHANGES
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
70
ANEW
::
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$196,281,
collateralized
in
the
form
of
cash
with
a
value
of
$81,464
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$132,459
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.75%,
and
maturity
dates
ranging
from
March
19,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$213,923.
(b)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$81,464.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
REIT
Real
Estate
Investment
Trust
MSCI
Transformational
Changes
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
75
.1
%
China
5
.0
%
Germany
4
.0
%
Switzerland
2
.7
%
Canada
2
.6
%
Japan
2
.2
%
Ireland
2
.0
%
Singapore
1
.8
%
South
Africa
1
.6
%
Taiwan
0
.8
%
India
0
.8
%
Australia
0
.7
%
Israel
0
.2
%
Other
a
0
.5
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
FEBRUARY
28,
2026
(Unaudited)
::
NANOTECHNOLOGY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
71
TINY
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Biotechnology
—
4.8%
Nanobiotix
SA*
5,067
$
154,469
Novavax,
Inc.(a)
17,168
174,083
328,552
Chemicals
—
8.4%
Cabot
Corp.
3,482
265,119
LG
Chem
Ltd.
848
246,118
Toyo
Gosei
Co.
Ltd.
867
64,068
575,305
Construction
&
Engineering
—
5.4%
JGC
Holdings
Corp.
23,202
368,017
Electronic
Equipment,
Instruments
&
Components
—
10.1%
Jeol
Ltd.
5,484
241,884
nLight,
Inc.*
5,274
296,346
Park
Systems
Corp.
744
149,214
687,444
Health
Care
Providers
&
Services
—
1.4%
OPKO
Health,
Inc.*
81,144
97,373
Life
Sciences
Tools
&
Services
—
3.8%
Alpha
Teknova,
Inc.*
5,656
14,592
Bruker
Corp.
6,034
242,024
256,616
Semiconductors
&
Semiconductor
Equipment
—
62.2%
ACM
Research,
Inc.,
Class
a
A*
5,667
315,539
Applied
Materials,
Inc.
1,008
375,278
ASML
Holding
NV
222
323,540
Axcelis
Technologies,
Inc.*
2,953
243,947
Broadcom,
Inc.
636
203,234
Entegris,
Inc.
2,566
339,867
Lam
Research
Corp.
1,492
348,964
NVE
Corp.
511
35,177
NVIDIA
Corp.
1,160
205,540
Onto
Innovation,
Inc.*
1,741
375,865
SCREEN
Holdings
Co.
Ltd.
2,482
364,357
SkyWater
Technology,
Inc.*
5,092
150,010
SUSS
MicroTec
SE
2,020
131,992
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.,
ADR
768
287,677
Ultra
Clean
Holdings,
Inc.*
4,797
291,082
Veeco
Instruments,
Inc.*
6,359
194,331
Wonik
QnC
Corp.*
2,798
60,589
4,246,989
Technology
Hardware,
Storage
&
Peripherals
—
3.7%
Canon,
Inc.(a)
8,182
249,497
Total
Common
Stocks
(Cost
$4,660,927)
6,809,793
Investments
Shares
Value
Securities
Lending
Reinvestments
(b)
—
5
.9
%
Investment
Companies
—
5
.9
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$404,240)
404,240
$
404,240
Total
Investments
—
105.7%
(Cost
$5,065,167)
7,214,033
Liabilities
in
excess
of
other
assets
—
(5.7%)
(
386,300
)
Net
Assets
—
100.0%
$
6,827,733
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$371,609,
collateralized
in
the
form
of
cash
with
a
value
of
$404,240
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$404,240.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
Abbreviations
ADR
American
Depositary
Receipt
NANOTECHNOLOGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
72
TINY
::
Nanotechnology
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
61
.1
%
Japan
18
.9
%
South
Korea
6
.7
%
Netherlands
4
.7
%
Taiwan
4
.2
%
France
2
.3
%
Germany
1
.9
%
Other
a
0
.2
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
FEBRUARY
28,
2026
(Unaudited)
::
NASDAQ-100
DORSEY
WRIGHT
MOMENTUM
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
73
QQQA
::
Investments
Shares
Value
Common
Stocks
—
99
.9
%
Automobiles
—
4.2%
Tesla,
Inc.*
1,165
$
468,924
Biotechnology
—
10.2%
Gilead
Sciences,
Inc.
4,280
637,506
Regeneron
Pharmaceuticals,
Inc.
652
509,649
1,147,155
Broadline
Retail
—
3.9%
Amazon.com,
Inc.*
2,096
440,160
Entertainment
—
8.4%
Take-Two
Interactive
Software,
Inc.*
2,068
437,341
Warner
Bros
Discovery,
Inc.*
17,947
505,567
942,908
Hotels,
Restaurants
&
Leisure
—
3.5%
Booking
Holdings,
Inc.
94
398,499
Interactive
Media
&
Services
—
4.4%
Alphabet,
Inc.,
Class
a
A
1,579
492,269
Semiconductors
&
Semiconductor
Equipment
—
44.6%
Advanced
Micro
Devices,
Inc.*
2,551
510,736
Applied
Materials,
Inc.
1,723
641,473
ASML
Holding
NV
(Registered),
ADR
407
590,378
Intel
Corp.*
11,382
519,133
KLA
Corp.
370
564,083
Lam
Research
Corp.
2,374
555,255
Microchip
Technology,
Inc.
6,893
514,493
Micron
Technology,
Inc.
1,503
619,792
NVIDIA
Corp.
2,804
496,841
5,012,184
Software
—
3.1%
AppLovin
Corp.,
Class
a
A*
800
347,816
Specialty
Retail
—
5.0%
Ross
Stores,
Inc.
2,711
557,490
Technology
Hardware,
Storage
&
Peripherals
—
12.6%
Seagate
Technology
Holdings
plc
1,706
695,775
Western
Digital
Corp.
2,589
724,143
1,419,918
Total
Common
Stocks
(Cost
$9,292,079)
11,227,323
Investments
Principal
Amount
Value
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(a)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$13,482
(Cost
$13,479)
$
13,479
$
13,479
Total
Investments
—
100.0%
(Cost
$9,305,558)
11,240,802
Other
assets
less
liabilities
—
0.0%(b)
196
Net
Assets
—
100.0%
$
11,240,998
*
Non-income
producing
security.
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(b)
Represents
less
than
0.05%
of
net
assets.
NASDAQ-100
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
74
QB
::
Investments
Shares
Value
Common
Stocks
(a)
—
99
.9
%
Aerospace
&
Defense
—
0.2%
Axon
Enterprise,
Inc.*
5
$
2,712
Automobiles
—
3.9%
Tesla,
Inc.*
125
50,314
Beverages
—
2.2%
Coca-Cola
Europacific
Partners
plc
32
3,534
Keurig
Dr
Pepper,
Inc.
93
2,816
Monster
Beverage
Corp.*
69
5,886
PepsiCo,
Inc.
95
16,125
28,361
Biotechnology
—
3.6%
Alnylam
Pharmaceuticals,
Inc.*
9
2,996
Amgen,
Inc.
37
14,362
Gilead
Sciences,
Inc.
86
12,810
Insmed,
Inc.*
16
2,389
Regeneron
Pharmaceuticals,
Inc.
7
5,472
Vertex
Pharmaceuticals,
Inc.*
18
8,943
46,972
Broadline
Retail
—
5.3%
Amazon.com,
Inc.*
271
56,910
MercadoLibre,
Inc.*
4
7,030
PDD
Holdings,
Inc.,
ADR*
46
4,772
68,712
Chemicals
—
1.3%
Linde
plc
32
16,259
Commercial
Services
&
Supplies
—
0.6%
Cintas
Corp.
28
5,632
Copart,
Inc.*
67
2,552
8,184
Communications
Equipment
—
1.7%
Cisco
Systems,
Inc.
275
21,851
Construction
&
Engineering
—
0.3%
Ferrovial
SE
52
3,868
Consumer
Staples
Distribution
&
Retail
—
5.8%
Costco
Wholesale
Corp.
31
31,334
Walmart,
Inc.
340
43,503
74,837
Diversified
Telecommunication
Services
—
0.6%
Comcast
Corp.,
Class
a
A
253
7,833
Electric
Utilities
—
1.6%
American
Electric
Power
Co.,
Inc.
39
5,219
Constellation
Energy
Corp.
25
8,247
Exelon
Corp.
70
3,463
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Xcel
Energy,
Inc.
41
$
3,418
20,347
Energy
Equipment
&
Services
—
0.3%
Baker
Hughes
Co.,
Class
a
A
69
4,503
Entertainment
—
3.0%
Electronic
Arts,
Inc.
17
3,410
Netflix,
Inc.*
296
28,487
Take-Two
Interactive
Software,
Inc.*
13
2,749
Warner
Bros
Discovery,
Inc.*
174
4,901
39,547
Financial
Services
—
0.2%
PayPal
Holdings,
Inc.
66
3,050
Food
Products
—
0.6%
Kraft
Heinz
Co.
(The)
83
2,043
Mondelez
International,
Inc.,
Class
a
A
90
5,542
7,585
Ground
Transportation
—
0.7%
CSX
Corp.
130
5,549
Old
Dominion
Freight
Line,
Inc.
15
3,046
8,595
Health
Care
Equipment
&
Supplies
—
1.6%
Dexcom,
Inc.*
27
1,982
GE
HealthCare
Technologies,
Inc.
32
2,697
IDEXX
Laboratories,
Inc.*
6
3,940
Intuitive
Surgical,
Inc.*
25
12,588
21,207
Hotels,
Restaurants
&
Leisure
—
2.5%
Airbnb,
Inc.,
Class
a
A*
31
4,188
Booking
Holdings,
Inc.
2
8,479
DoorDash,
Inc.,
Class
a
A*
29
5,118
Marriott
International,
Inc.,
Class
a
A
19
6,493
Starbucks
Corp.
80
7,841
32,119
Industrial
Conglomerates
—
0.8%
Honeywell
International,
Inc.
45
10,962
Interactive
Media
&
Services
—
10.5%
Alphabet,
Inc.,
Class
a
A
147
45,829
Alphabet,
Inc.,
Class
a
C
137
42,666
Meta
Platforms,
Inc.,
Class
a
A
74
47,965
136,460
IT
Services
—
1.0%
Cognizant
Technology
Solutions
Corp.,
Class
a
A
33
2,126
Shopify,
Inc.,
Class
a
A*
86
10,383
12,509
FEBRUARY
28,
2026
(Unaudited)
::
NASDAQ-100
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
75
QB
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Machinery
—
0.4%
PACCAR,
Inc.
37
$
4,665
Media
—
0.2%
Charter
Communications,
Inc.,
Class
a
A*
9
2,112
Oil,
Gas
&
Consumable
Fuels
—
0.3%
Diamondback
Energy,
Inc.
20
3,482
Professional
Services
—
1.0%
Automatic
Data
Processing,
Inc.
28
6,002
Paychex,
Inc.
25
2,341
Thomson
Reuters
Corp.
31
2,989
Verisk
Analytics,
Inc.,
Class
a
A
10
2,076
13,408
Real
Estate
Management
&
Development
—
0.1%
CoStar
Group,
Inc.*
29
1,294
Semiconductors
&
Semiconductor
Equipment
—
25.7%
Advanced
Micro
Devices,
Inc.*
113
22,624
Analog
Devices,
Inc.
34
12,097
Applied
Materials,
Inc.
57
21,221
ARM
Holdings
plc,
ADR*
11
1,402
ASML
Holding
NV
(Registered),
ADR
6
8,703
Broadcom,
Inc.
119
38,026
Intel
Corp.*
332
15,143
KLA
Corp.
9
13,721
Lam
Research
Corp.
87
20,348
Marvell
Technology,
Inc.
61
4,983
Microchip
Technology,
Inc.
37
2,762
Micron
Technology,
Inc.
78
32,165
Monolithic
Power
Systems,
Inc.
3
3,428
NVIDIA
Corp.
614
108,795
NXP
Semiconductors
NV
17
3,859
QUALCOMM,
Inc.
74
10,535
Texas
Instruments,
Inc.
65
13,787
333,599
Software
—
12.9%
Adobe,
Inc.*
29
7,610
AppLovin
Corp.,
Class
a
A*
21
9,130
Atlassian
Corp.,
Class
a
A*
12
901
Autodesk,
Inc.*
15
3,688
Cadence
Design
Systems,
Inc.*
19
5,727
Crowdstrike
Holdings,
Inc.,
Class
a
A*
17
6,324
Datadog,
Inc.,
Class
a
A*
24
2,687
Fortinet,
Inc.*
53
4,189
Intuit,
Inc.
19
7,772
Microsoft
Corp.
189
74,228
Palantir
Technologies,
Inc.,
Class
a
A*
160
21,950
Palo
Alto
Networks,
Inc.*
56
8,339
Roper
Technologies,
Inc.
7
2,448
Strategy,
Inc.,
Class
a
A*
20
2,590
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Synopsys,
Inc.*
13
$
5,382
Workday,
Inc.,
Class
a
A*
16
2,140
Zscaler,
Inc.*
11
1,617
166,722
Specialty
Retail
—
0.8%
O'Reilly
Automotive,
Inc.*
60
5,633
Ross
Stores,
Inc.
23
4,729
10,362
Technology
Hardware,
Storage
&
Peripherals
—
8.6%
Apple,
Inc.
373
98,539
Seagate
Technology
Holdings
plc
15
6,117
Western
Digital
Corp.
24
6,713
111,369
Trading
Companies
&
Distributors
—
0.3%
Fastenal
Co.
80
3,683
Wireless
Telecommunication
Services
—
1.3%
T-Mobile
US,
Inc.
78
16,933
Total
Common
Stocks
(Cost
$1,252,932)
1,294,416
Principal
Amount
Short-Term
Investments
—
22
.2
%
Repurchase
Agreements
(b)
—
22
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$288,283
(Cost
$288,199)
$
288,199
288,199
Total
Investments
—
122.1%
(Cost
$1,541,131)
1,582,615
Liabilities
in
excess
of
other
assets
—
(22.1%)
(
286,882
)
Net
Assets
—
100.0%
$
1,295,733
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$891,008.
(b)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
NASDAQ-100
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
76
QB
::
Swap
Agreements
Nasdaq-100
Dynamic
Buffer
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
1,291,505
11/6/2026
Goldman
Sachs
International
N/A
Nasdaq-100
Dynamic
Buffer
Index
(
286,972
)
1,291,505
(
286,972
)
Total
Unrealized
Depreciation
(
286,972
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
No
financing
fee
is
paid
or
received
on
this
swap.
FEBRUARY
28,
2026
(Unaudited)
::
NASDAQ-100
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
77
IQQQ
::
Investments
Shares
Value
Common
Stocks
(a)
—
85
.3
%
Aerospace
&
Defense
—
0.2%
Axon
Enterprise,
Inc.*
1,304
$
707,290
Automobiles
—
3.3%
Tesla,
Inc.*
29,884
12,028,609
Beverages
—
1.9%
Coca-Cola
Europacific
Partners
plc
7,612
840,593
Keurig
Dr
Pepper,
Inc.
22,562
683,177
Monster
Beverage
Corp.*
16,228
1,384,249
PepsiCo,
Inc.
22,703
3,853,607
6,761,626
Biotechnology
—
3.1%
Alnylam
Pharmaceuticals,
Inc.*
2,203
733,423
Amgen,
Inc.
8,937
3,468,986
Gilead
Sciences,
Inc.
20,625
3,072,094
Insmed,
Inc.*
3,540
528,628
Regeneron
Pharmaceuticals,
Inc.
1,715
1,340,564
Vertex
Pharmaceuticals,
Inc.*
4,216
2,094,635
11,238,330
Broadline
Retail
—
4.5%
Amazon.com,
Inc.*
64,300
13,503,000
MercadoLibre,
Inc.*
842
1,479,883
PDD
Holdings,
Inc.,
ADR*
11,095
1,150,884
16,133,767
Chemicals
—
1.1%
Linde
plc
7,754
3,939,652
Commercial
Services
&
Supplies
—
0.5%
Cintas
Corp.
6,679
1,343,347
Copart,
Inc.*
16,065
611,916
1,955,263
Communications
Equipment
—
1.5%
Cisco
Systems,
Inc.
65,600
5,212,576
Construction
&
Engineering
—
0.3%
Ferrovial
SE
12,184
906,246
Consumer
Staples
Distribution
&
Retail
—
4.9%
Costco
Wholesale
Corp.
7,349
7,428,295
Walmart,
Inc.
81,145
10,382,503
17,810,798
Diversified
Telecommunication
Services
—
0.5%
Comcast
Corp.,
Class
a
A
60,345
1,868,281
Electric
Utilities
—
1.3%
American
Electric
Power
Co.,
Inc.
8,864
1,186,181
Constellation
Energy
Corp.
6,017
1,984,888
Exelon
Corp.
16,771
829,661
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Xcel
Energy,
Inc.
9,817
$
818,345
4,819,075
Energy
Equipment
&
Services
—
0.3%
Baker
Hughes
Co.,
Class
a
A
16,388
1,069,481
Entertainment
—
2.6%
Electronic
Arts,
Inc.
4,157
833,769
Netflix,
Inc.*
70,349
6,770,388
Take-Two
Interactive
Software,
Inc.*
3,077
650,724
Warner
Bros
Discovery,
Inc.*
41,143
1,158,998
9,413,879
Financial
Services
—
0.2%
PayPal
Holdings,
Inc.
15,540
718,103
Food
Products
—
0.5%
Kraft
Heinz
Co.
(The)
19,642
483,390
Mondelez
International,
Inc.,
Class
a
A
21,424
1,319,290
1,802,680
Ground
Transportation
—
0.6%
CSX
Corp.
30,911
1,319,590
Old
Dominion
Freight
Line,
Inc.
3,472
704,990
2,024,580
Health
Care
Equipment
&
Supplies
—
1.4%
Dexcom,
Inc.*
6,467
474,872
GE
HealthCare
Technologies,
Inc.
7,571
638,008
IDEXX
Laboratories,
Inc.*
1,334
876,078
Intuitive
Surgical,
Inc.*
5,892
2,966,681
4,955,639
Hotels,
Restaurants
&
Leisure
—
2.2%
Airbnb,
Inc.,
Class
a
A*
7,058
953,606
Booking
Holdings,
Inc.
543
2,301,967
DoorDash,
Inc.,
Class
a
A*
6,751
1,191,349
Marriott
International,
Inc.,
Class
a
A
4,454
1,522,066
Starbucks
Corp.
18,888
1,851,402
7,820,390
Industrial
Conglomerates
—
0.7%
Honeywell
International,
Inc.
10,539
2,567,195
Interactive
Media
&
Services
—
9.0%
Alphabet,
Inc.,
Class
a
A
34,993
10,909,418
Alphabet,
Inc.,
Class
a
C
32,519
10,127,392
Meta
Platforms,
Inc.,
Class
a
A
17,659
11,446,210
32,483,020
IT
Services
—
0.8%
Cognizant
Technology
Solutions
Corp.,
Class
a
A
8,010
516,084
Shopify,
Inc.,
Class
a
A*
20,295
2,450,216
2,966,300
NASDAQ-100
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
78
IQQQ
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Machinery
—
0.3%
PACCAR,
Inc.
8,721
$
1,099,631
Media
—
0.1%
Charter
Communications,
Inc.,
Class
a
A*
2,141
502,343
Oil,
Gas
&
Consumable
Fuels
—
0.2%
Diamondback
Energy,
Inc.
4,749
826,706
Professional
Services
—
0.9%
Automatic
Data
Processing,
Inc.
6,721
1,440,713
Paychex,
Inc.
5,978
559,840
Thomson
Reuters
Corp.(b)
7,377
711,217
Verisk
Analytics,
Inc.,
Class
a
A
2,320
481,562
3,193,332
Real
Estate
Management
&
Development
—
0.1%
CoStar
Group,
Inc.*
7,037
314,061
Semiconductors
&
Semiconductor
Equipment
—
22.0%
Advanced
Micro
Devices,
Inc.*
27,031
5,411,876
Analog
Devices,
Inc.
8,124
2,890,438
Applied
Materials,
Inc.
13,224
4,923,295
ARM
Holdings
plc,
ADR(b)
2,304
293,645
ASML
Holding
NV
(Registered),
ADR
1,463
2,122,169
Broadcom,
Inc.
28,392
9,072,664
Intel
Corp.*
79,196
3,612,130
KLA
Corp.
2,177
3,318,945
Lam
Research
Corp.
20,852
4,877,074
Marvell
Technology,
Inc.
14,304
1,168,494
Microchip
Technology,
Inc.
8,968
669,371
Micron
Technology,
Inc.
18,678
7,702,247
Monolithic
Power
Systems,
Inc.
797
910,764
NVIDIA
Corp.
146,138
25,894,192
NXP
Semiconductors
NV
4,183
949,583
QUALCOMM,
Inc.
17,777
2,530,734
Texas
Instruments,
Inc.
15,081
3,198,831
79,546,452
Software
—
11.0%
Adobe,
Inc.*
6,950
1,823,749
AppLovin
Corp.,
Class
a
A*
5,106
2,219,936
Atlassian
Corp.,
Class
a
A*
2,788
209,462
Autodesk,
Inc.*
3,519
865,217
Cadence
Design
Systems,
Inc.*
4,516
1,361,122
Crowdstrike
Holdings,
Inc.,
Class
a
A*
4,171
1,551,529
Datadog,
Inc.,
Class
a
A*
5,400
604,584
Fortinet,
Inc.*
12,346
975,704
Intuit,
Inc.
4,615
1,887,673
Microsoft
Corp.
44,695
17,553,514
Palantir
Technologies,
Inc.,
Class
a
A*
37,926
5,203,068
Palo
Alto
Networks,
Inc.*
13,529
2,014,739
Roper
Technologies,
Inc.
1,786
624,618
Strategy,
Inc.,
Class
a
A*
4,443
575,368
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Synopsys,
Inc.*
3,093
$
1,280,502
Workday,
Inc.,
Class
a
A*
3,535
472,842
Zscaler,
Inc.*
2,647
389,083
39,612,710
Specialty
Retail
—
0.7%
O'Reilly
Automotive,
Inc.*
14,014
1,315,634
Ross
Stores,
Inc.
5,396
1,109,634
2,425,268
Technology
Hardware,
Storage
&
Peripherals
—
7.3%
Apple,
Inc.
88,876
23,479,262
Seagate
Technology
Holdings
plc
3,544
1,445,385
Western
Digital
Corp.
5,673
1,586,738
26,511,385
Trading
Companies
&
Distributors
—
0.2%
Fastenal
Co.
19,070
877,983
Wireless
Telecommunication
Services
—
1.1%
T-Mobile
US,
Inc.
18,570
4,031,361
Total
Common
Stocks
(Cost
$268,715,787)
308,144,012
Exchange
Traded
Funds
—
8
.3
%
ProShares
GENIUS
Money
Market
ETF,
3.50%(c)(d)
(Cost
$30,012,000)
300,000
30,033,000
Securities
Lending
Reinvestments
(e)
—
0
.2
%
Investment
Companies
—
0
.2
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(f)
(Cost
$685,746)
685,746
685,746
Principal
Amount
Short-Term
Investments
—
4
.6
%
Repurchase
Agreements
(g)
—
4
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$16,569,189
(Cost
$16,564,279)
$
16,564,279
16,564,279
Total
Investments
—
98.4%
(Cost
$315,977,812)
355,427,037
Other
assets
less
liabilities
—
1.6%
5,700,683
Net
Assets
—
100.0%
$
361,127,720
*
Non-income
producing
security.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$115,422,256.
FEBRUARY
28,
2026
(Unaudited)
::
NASDAQ-100
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
79
IQQQ
::
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$934,672,
collateralized
in
the
form
of
cash
with
a
value
of
$685,746
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$315,431
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.75%,
and
maturity
dates
ranging
from
April
30,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$1,001,177.
(c)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(d)
Represents
7-day
effective
yield
as
of
February
28,
2026.
(e)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$685,746.
(f)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(g)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
ETF
Exchange
Traded
Fund
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
February
28,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2025
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
Appreciation
($)
Value
at
February
28,
2026
($)
Shares
held
at
February
28,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
—
30,012,000
–
–
21,000
30,033,000
300,000
–
Futures
Contracts
Purchased
Nasdaq-100
High
Income
ETF
had
the
following
open
long
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Depreciation
AAAAAA
Nasdaq
100
E-Mini
Index
103
3/20/2026
U.S.
Dollar
$
51,509,785
$
(
1,315,990
)
Swap
Agreements
Nasdaq-100
High
Income
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
15,924,680
3/8/2027
BNP
Paribas
N/A
Nasdaq-100
Daily
Covered
Call
Index
23,205
343,071,808
11/4/2027
Goldman
Sachs
International
N/A
Nasdaq-100
Daily
Covered
Call
Index
1,468,967
358,996,488
1,492,172
Total
Unrealized
Appreciation
1,492,172
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
No
financing
fee
is
paid
or
received
on
this
swap.
ON
DEMAND
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
80
OND
::
Investments
Shares
Value
Common
Stocks
—
99.8%
Entertainment
—
56.0%
Capcom
Co.
Ltd.(a)
10,110
$
232,608
CD
Projekt
SA
2,253
153,031
China
Ruyi
Holdings
Ltd.*
308,014
79,923
Electronic
Arts,
Inc.
1,172
235,068
International
Games
System
Co.
Ltd.
7,830
174,357
Krafton,
Inc.*
1,002
173,095
NCSoft
Corp.
654
105,022
NetEase,
Inc.
8,540
195,614
Netflix,
Inc.*
2,386
229,629
Nexon
Co.
Ltd.
9,869
209,874
ROBLOX
Corp.,
Class
a
A*
2,484
170,551
Spotify
Technology
SA*
423
217,820
Take-Two
Interactive
Software,
Inc.*
965
204,078
Tencent
Music
Entertainment
Group,
Class
a
A
25,435
184,827
2,565,497
Ground
Transportation
—
11.7%
Grab
Holdings
Ltd.,
Class
a
A*
46,081
194,462
Lyft,
Inc.,
Class
a
A*
10,412
144,102
Uber
Technologies,
Inc.*
2,619
197,525
536,089
Hotels,
Restaurants
&
Leisure
—
12.1%
Delivery
Hero
SE*(b)
7,465
173,370
DoorDash,
Inc.,
Class
a
A*
1,063
187,587
Meituan,
Class
a
B*(b)
18,797
194,976
555,933
Interactive
Media
&
Services
—
5.6%
Bilibili,
Inc.,
Class
a
Z*
9,136
258,313
Leisure
Products
—
1.2%
Peloton
Interactive,
Inc.,
Class
a
A*
13,550
54,471
Investments
Shares
Value
Common
Stocks
(continued)
Passenger
Airlines
—
3.4%
Joby
Aviation,
Inc.*
15,672
$
157,660
Semiconductors
&
Semiconductor
Equipment
—
6.9%
Ambarella,
Inc.*
1,396
84,235
NVIDIA
Corp.
1,311
232,296
316,531
Software
—
2.9%
Life360,
Inc.*
2,500
131,625
Total
Common
Stocks
(Cost
$4,722,088)
4,576,119
Securities
Lending
Reinvestments
(c)
—
4.8%
Investment
Companies
—
4.8%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$220,196)
220,196
220,196
Total
Investments
—
104.6%
(Cost
$4,942,284)
4,796,315
Liabilities
in
excess
of
other
assets
—
(4.6%)
(212,159)
Net
Assets
—
100.0%
$
4,584,156
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$209,347,
collateralized
in
the
form
of
cash
with
a
value
of
$220,196
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$220,196.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
On-Demand
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
44.3%
Hong
Kong
10.0%
China
9.9%
Japan
9.7%
South
Korea
6.1%
Luxembourg
4.7%
Singapore
4.2%
Taiwan
3.8%
Germany
3.8%
Poland
3.3%
Other
a
0.2%
100.0%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
FEBRUARY
28,
2026
(Unaudited)
::
ONLINE
RETAIL
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
81
ONLN
::
Investments
Shares
Value
Common
Stocks
—
100
.0
%
Broadline
Retail
—
62.9%
Alibaba
Group
Holding
Ltd.,
ADR
51,392
$
7,406,101
Amazon.com,
Inc.*
72,019
15,123,990
Coupang,
Inc.*
151,492
2,890,467
eBay,
Inc.
60,198
5,469,590
Etsy,
Inc.*
47,707
2,618,160
Global-e
Online
Ltd.*
24,005
839,455
JD.com,
Inc.,
ADR
40,382
1,071,335
MercadoLibre,
Inc.*
795
1,397,276
Ozon
Holdings
plc,
ADR*‡
60,470
—
PDD
Holdings,
Inc.,
ADR*
21,108
2,189,533
Sea
Ltd.,
ADR*
11,825
1,282,421
40,288,328
Distributors
—
5.2%
GigaCloud
Technology,
Inc.,
Class
a
A*
74,375
3,297,788
Personal
Care
Products
—
0.5%
Oddity
Tech
Ltd.,
Class
a
A*
27,279
321,074
Specialty
Retail
—
25.7%
Bed
Bath
&
Beyond,
Inc.*
465,118
2,479,079
Buckle,
Inc.
(The)
48,064
2,573,827
Carvana
Co.,
Class
a
A*
10,050
3,358,308
Chewy,
Inc.,
Class
a
A*
103,472
2,837,202
Revolve
Group,
Inc.,
Class
a
A*
99,202
2,495,922
Wayfair,
Inc.,
Class
a
A*
35,577
2,715,593
16,459,931
Textiles,
Apparel
&
Luxury
Goods
—
5.7%
Figs,
Inc.,
Class
a
A*
234,397
3,621,434
Total
Common
Stocks
(Cost
$59,654,773)
63,988,555
Principal
Amount
Short-Term
Investments
—
0
.0
%
(a)
Repurchase
Agreements
(b)
—
0
.0
%
(a)
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$30,064
(Cost
$30,056)
$
30,056
30,056
Total
Investments
—
100.0%
(Cost
$59,684,829)
64,018,611
Other
assets
less
liabilities
—
0.0%(a)
10,824
Net
Assets
—
100.0%
$
64,029,435
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
ADR
American
Depositary
Receipt
PET
CARE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
82
PAWZ
::
Investments
Shares
Value
Common
Stocks
—
99
.4
%
Distributors
—
0.0%(a)
Arata
Corp.
423
$
8,343
Food
Products
—
19.8%
Freshpet,
Inc.*
64,543
5,450,656
General
Mills,
Inc.
8,463
382,782
I-TAIL
Corp.
PCL,
NVDR
1,734,060
942,758
J
M
Smucker
Co.
(The)
1,662
192,709
Nestle
SA
(Registered)
19,035
2,079,156
Post
Holdings,
Inc.*
708
75,260
9,123,321
Health
Care
Equipment
&
Supplies
—
13.5%
IDEXX
Laboratories,
Inc.*
6,945
4,560,990
Vimian
Group
AB*
555,780
1,636,385
6,197,375
Health
Care
Providers
&
Services
—
6.5%
Cencora,
Inc.
3,077
1,145,075
CVS
Group
plc
103,500
1,852,318
2,997,393
Household
Products
—
8.8%
Central
Garden
&
Pet
Co.*
22,137
867,549
Colgate-Palmolive
Co.
12,817
1,270,677
Oil-Dri
Corp.
of
America
28,084
1,905,219
Spectrum
Brands
Holdings,
Inc.
356
27,903
4,071,348
Insurance
—
6.7%
Anicom
Holdings,
Inc.
153,808
1,212,420
Trupanion,
Inc.*
70,346
1,866,983
3,079,403
Pharmaceuticals
—
21.9%
Elanco
Animal
Health,
Inc.*
7,839
206,950
Merck
&
Co.,
Inc.
16,200
2,005,884
Virbac
SACA
7,695
3,364,192
Zoetis,
Inc.,
Class
a
A
34,511
4,524,392
10,101,418
Specialty
Retail
—
22.2%
Chewy,
Inc.,
Class
a
A*
180,390
4,946,294
Pet
Valu
Holdings
Ltd.
94,355
1,970,730
Petco
Health
&
Wellness
Co.,
Inc.,
Class
a
A*
398,604
1,016,440
Pets
at
Home
Group
plc
656,754
1,844,496
Tractor
Supply
Co.
8,386
434,730
10,212,690
Total
Common
Stocks
(Cost
$44,338,540)
45,791,291
Investments
Principal
Amount
Value
Short-Term
Investments
—
0
.2
%
Repurchase
Agreements
(b)
—
0
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$69,654
(Cost
$69,635)
$
69,635
$
69,635
Total
Investments
—
99.6%
(Cost
$44,408,175)
45,860,926
Other
assets
less
liabilities
—
0.4%
183,135
Net
Assets
—
100.0%
$
46,044,061
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
NVDR
Non-Voting
Depositary
Receipt
FEBRUARY
28,
2026
(Unaudited)
::
PET
CARE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
83
PAWZ
::
Pet
Care
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
67
.1
%
United
Kingdom
8
.0
%
France
7
.3
%
Switzerland
4
.5
%
Canada
4
.3
%
Sweden
3
.6
%
Japan
2
.6
%
Thailand
2
.0
%
Other
a
0
.6
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
RUSSELL
2000
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
84
SMDV
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Banks
—
24.4%
Associated
Banc-Corp.
228,455
$
6,033,497
Atlantic
Union
Bankshares
Corp.
173,516
6,430,503
ChoiceOne
Financial
Services,
Inc.
190,952
5,465,046
Community
Financial
System,
Inc.(a)
101,708
6,158,419
Community
Trust
Bancorp,
Inc.
104,467
6,272,199
Financial
Institutions,
Inc.
193,365
6,067,794
First
Busey
Corp.
248,428
6,300,134
First
Merchants
Corp.
159,850
6,246,938
Fulton
Financial
Corp.
314,066
6,422,650
Heritage
Financial
Corp.
247,194
6,528,394
Independent
Bank
Corp.
81,034
6,326,324
Independent
Bank
Corp.
178,128
6,189,948
Lakeland
Financial
Corp.
102,407
5,948,823
Mercantile
Bank
Corp.
128,164
6,620,952
NBT
Bancorp,
Inc.
142,044
6,068,120
Orrstown
Financial
Services,
Inc.
161,541
5,805,784
Peoples
Bancorp,
Inc.
197,200
6,363,644
Preferred
Bank
63,422
5,563,378
S&T
Bancorp,
Inc.
148,734
6,218,569
Simmons
First
National
Corp.,
Class
a
A
319,619
6,363,614
Southside
Bancshares,
Inc.
195,392
6,119,677
Tompkins
Financial
Corp.
83,237
6,385,110
TriCo
Bancshares
124,785
5,962,227
United
Bankshares,
Inc.
156,951
6,482,076
United
Community
Banks,
Inc.
191,812
6,170,592
WesBanco,
Inc.
182,596
6,367,122
160,881,534
Building
Products
—
2.0%
Apogee
Enterprises,
Inc.
158,492
6,311,151
Griffon
Corp.
80,748
6,882,960
13,194,111
Capital
Markets
—
1.0%
Cohen
&
Steers,
Inc.
95,936
6,415,240
Chemicals
—
6.3%
Avient
Corp.
194,437
7,985,527
Balchem
Corp.
39,649
7,193,518
HB
Fuller
Co.
102,619
6,744,121
Innospec,
Inc.
79,520
6,089,642
Quaker
Chemical
Corp.
44,320
6,516,370
Stepan
Co.
132,136
6,724,401
41,253,579
Commercial
Services
&
Supplies
—
1.9%
ABM
Industries,
Inc.
133,706
5,949,917
HNI
Corp.
145,828
6,556,427
12,506,344
Consumer
Staples
Distribution
&
Retail
—
1.2%
Andersons,
Inc.
(The)
119,320
7,790,403
Investments
Shares
Value
Common
Stocks
(continued)
Diversified
Consumer
Services
—
1.0%
Matthews
International
Corp.,
Class
a
A
243,461
$
6,434,674
Electric
Utilities
—
3.8%
MGE
Energy,
Inc.
75,862
6,222,201
Otter
Tail
Corp.
72,657
6,183,111
Portland
General
Electric
Co.
122,857
6,629,364
TXNM
Energy,
Inc.
102,494
6,049,196
25,083,872
Electronic
Equipment,
Instruments
&
Components
—
0.8%
Badger
Meter,
Inc.
33,125
5,049,244
Financial
Services
—
2.7%
Cass
Information
Systems,
Inc.
138,355
6,140,195
Federal
Agricultural
Mortgage
Corp.,
Class
a
C
33,942
5,351,296
HA
Sustainable
Infrastructure
Capital,
Inc.
178,552
6,520,719
18,012,210
Food
Products
—
2.8%
J
&
J
Snack
Foods
Corp.
65,595
5,710,700
Marzetti
Co.
(The)
37,308
6,131,197
Tootsie
Roll
Industries,
Inc.(a)
158,747
6,703,886
18,545,783
Gas
Utilities
—
5.1%
Chesapeake
Utilities
Corp.
46,207
6,282,766
New
Jersey
Resources
Corp.
132,371
7,179,803
Northwest
Natural
Holding
Co.
129,051
6,844,865
ONE
Gas,
Inc.
75,775
6,625,766
Spire,
Inc.
72,391
6,631,739
33,564,939
Health
Care
Equipment
&
Supplies
—
1.1%
LeMaitre
Vascular,
Inc.
70,593
7,636,751
Health
Care
Providers
&
Services
—
1.1%
Ensign
Group,
Inc.
(The)
33,531
7,181,334
Health
Care
REITs
—
3.0%
CareTrust
REIT,
Inc.
158,283
6,429,455
Community
Healthcare
Trust,
Inc.,
REIT
390,273
6,669,766
Universal
Health
Realty
Income
Trust,
REIT
149,780
6,533,404
19,632,625
Household
Products
—
1.1%
WD-40
Co.
31,286
7,452,325
Industrial
REITs
—
0.9%
Terreno
Realty
Corp.,
REIT
95,815
6,329,539
Insurance
—
2.5%
AMERISAFE,
Inc.
160,671
5,226,628
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DIVIDEND
GROWERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
85
SMDV
::
Investments
Shares
Value
Common
Stocks
(continued)
Donegal
Group,
Inc.,
Class
a
A
308,066
$
5,428,123
Horace
Mann
Educators
Corp.
136,769
5,950,819
16,605,570
Leisure
Products
—
0.8%
Polaris,
Inc.
88,468
5,373,546
Machinery
—
11.8%
Alamo
Group,
Inc.
36,196
7,728,932
Enpro,
Inc.
26,330
6,810,254
Franklin
Electric
Co.,
Inc.
63,402
6,316,107
Gorman-Rupp
Co.
(The)
129,022
8,287,083
Hyster-Yale,
Inc.
176,444
6,498,433
Kadant,
Inc.
20,718
7,026,924
Lindsay
Corp.
50,196
6,761,401
Mueller
Water
Products,
Inc.,
Class
a
A
242,868
7,269,039
Standex
International
Corp.
24,649
6,458,038
Trinity
Industries,
Inc.
215,814
7,376,523
Watts
Water
Technologies,
Inc.,
Class
a
A
21,884
7,194,146
77,726,880
Marine
Transportation
—
1.3%
Matson,
Inc.
51,271
8,517,651
Media
—
0.9%
John
Wiley
&
Sons,
Inc.,
Class
a
A
184,174
5,713,077
Metals
&
Mining
—
1.2%
Materion
Corp.
47,643
7,768,668
Multi-Utilities
—
3.8%
Avista
Corp.
154,154
6,261,735
Black
Hills
Corp.
85,320
6,284,671
Northwestern
Energy
Group,
Inc.
91,006
6,366,780
Unitil
Corp.
124,654
6,520,651
25,433,837
Professional
Services
—
2.4%
CSG
Systems
International,
Inc.
77,486
6,191,131
Exponent,
Inc.
81,496
5,931,279
Insperity,
Inc.
169,814
3,771,569
15,893,979
Residential
REITs
—
0.9%
NexPoint
Residential
Trust,
Inc.,
REIT
201,258
5,673,463
Retail
REITs
—
1.1%
Getty
Realty
Corp.,
REIT
213,651
7,012,026
Semiconductors
&
Semiconductor
Equipment
—
1.2%
Power
Integrations,
Inc.
163,443
7,832,189
Investments
Shares
Value
Common
Stocks
(continued)
Specialized
REITs
—
2.2%
Four
Corners
Property
Trust,
Inc.,
REIT
258,546
$
6,598,094
Gladstone
Land
Corp.,
REIT
653,587
8,026,048
14,624,142
Specialty
Retail
—
1.9%
Shoe
Carnival,
Inc.
340,209
6,868,820
Sonic
Automotive,
Inc.,
Class
a
A
92,702
5,814,269
12,683,089
Tobacco
—
0.9%
Universal
Corp.
114,207
6,136,342
Trading
Companies
&
Distributors
—
2.0%
GATX
Corp.
35,667
6,568,792
McGrath
RentCorp
57,874
6,421,120
12,989,912
Water
Utilities
—
4.7%
American
States
Water
Co.
81,553
6,078,145
California
Water
Service
Group
132,958
5,993,747
H2O
America
124,552
6,699,652
Middlesex
Water
Co.
114,955
6,207,570
York
Water
Co.
(The)
180,089
5,921,326
30,900,440
Total
Common
Stocks
(Cost
$576,616,623)
657,849,318
Securities
Lending
Reinvestments
(b)
—
0
.1
%
Investment
Companies
—
0
.1
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$554,700)
554,700
554,700
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(d)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$386,276
(Cost
$386,163)
$
386,163
386,163
Total
Investments
—
100.0%
(Cost
$577,557,486)
658,790,181
Other
assets
less
liabilities
—
0.0%(e)
124,168
Net
Assets
—
100.0%
$
658,914,349
RUSSELL
2000
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
86
SMDV
::
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$544,208,
collateralized
in
the
form
of
cash
with
a
value
of
$554,700
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$554,700.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
(e)
Represents
less
than
0.05%
of
net
assets.
Abbreviations
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
87
RB
::
Investments
Shares
Value
Common
Stocks
—
88
.4
%
Aerospace
&
Defense
—
1.9%
AAR
Corp.*
13
$
1,523
AeroVironment,
Inc.*
12
3,027
AerSale
Corp.*
9
70
AIRO
Group
Holdings,
Inc.*
2
20
Archer
Aviation,
Inc.,
Class
a
A*
204
1,452
Astronics
Corp.*
10
806
Byrna
Technologies,
Inc.*
5
64
Cadre
Holdings,
Inc.
8
355
Ducommun,
Inc.*
4
494
Eve
Holding,
Inc.*
30
90
Firefly
Aerospace,
Inc.*
9
173
Intuitive
Machines,
Inc.(a)
35
577
Kratos
Defense
&
Security
Solutions,
Inc.*
53
4,568
Mercury
Systems,
Inc.*
17
1,514
Moog,
Inc.,
Class
a
A
8
2,699
National
Presto
Industries,
Inc.
2
264
Park
Aerospace
Corp.
6
159
Red
Cat
Holdings,
Inc.*
32
373
Redwire
Corp.*
23
209
Satellogic,
Inc.,
Class
a
A*
25
75
V2X,
Inc.*
8
558
Voyager
Technologies,
Inc.,
Class
a
A*
5
133
VSE
Corp.
8
1,817
21,020
Air
Freight
&
Logistics
—
0.1%
Forward
Air
Corp.*
7
177
Hub
Group,
Inc.,
Class
a
A
19
818
Radiant
Logistics,
Inc.*
11
82
1,077
Automobile
Components
—
1.0%
Adient
plc*
29
705
Cooper-Standard
Holdings,
Inc.*
6
231
Dana,
Inc.
40
1,370
Dauch
Corp.*
72
475
Dorman
Products,
Inc.*
8
943
Fox
Factory
Holding
Corp.*
16
269
Garrett
Motion,
Inc.
51
1,038
Gentherm,
Inc.*
10
328
Goodyear
Tire
&
Rubber
Co.
(The)*
88
726
Holley,
Inc.*
24
98
LCI
Industries
8
1,066
Motorcar
Parts
of
America,
Inc.*
3
31
Patrick
Industries,
Inc.
11
1,362
Phinia,
Inc.
12
871
Solid
Power,
Inc.*
50
177
Standard
Motor
Products,
Inc.
7
278
Strattec
Security
Corp.*
1
88
Visteon
Corp.
8
765
XPEL,
Inc.*(b)
8
341
11,162
Investments
Shares
Value
Common
Stocks
(continued)
Automobiles
—
0.0%(c)
Faraday
Future
Intelligent
Electric,
Inc.,
Class
a
A*
46
$
23
Livewire
Group,
Inc.*
11
18
Winnebago
Industries,
Inc.
8
319
360
Banks
—
8.4%
1st
Source
Corp.
6
402
ACNB
Corp.
3
151
Amalgamated
Financial
Corp.
7
269
Amerant
Bancorp,
Inc.,
Class
a
A
13
278
Ameris
Bancorp
22
1,709
Ames
National
Corp.
3
81
Arrow
Financial
Corp.
5
167
Associated
Banc-Corp.
53
1,400
Atlantic
Union
Bankshares
Corp.
48
1,779
Avidbank
Holdings,
Inc.*
1
29
Axos
Financial,
Inc.*
18
1,563
Banc
of
California,
Inc.
40
739
BancFirst
Corp.
7
770
Bancorp,
Inc.
(The)*
14
735
Bank
First
Corp.
3
404
Bank
of
Hawaii
Corp.
13
985
Bank
of
Marin
Bancorp
5
124
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
14
710
Bank7
Corp.
1
41
BankUnited,
Inc.
24
1,121
Bankwell
Financial
Group,
Inc.
2
93
Banner
Corp.
11
647
Bar
Harbor
Bankshares
5
161
BayCom
Corp.
3
88
BCB
Bancorp,
Inc.
4
32
Beacon
Financial
Corp.
26
773
Blue
Foundry
Bancorp*
5
66
Blue
Ridge
Bankshares,
Inc.
21
85
Bridgewater
Bancshares,
Inc.*
9
165
Burke
&
Herbert
Financial
Services
Corp.
4
258
Business
First
Bancshares,
Inc.
8
218
BV
Financial,
Inc.*
3
56
Byline
Bancorp,
Inc.
10
312
C&F
Financial
Corp.
1
73
California
BanCorp
9
165
Camden
National
Corp.
5
231
Capital
Bancorp,
Inc.
4
118
Capital
City
Bank
Group,
Inc.
5
214
Capitol
Federal
Financial,
Inc.
41
294
Carter
Bankshares,
Inc.*
8
167
Cathay
General
Bancorp
22
1,094
CB
Financial
Services,
Inc.
1
35
Central
Pacific
Financial
Corp.
8
255
CF
Bankshares,
Inc.
2
60
Chain
Bridge
Bancorp,
Inc.,
Class
a
A*
1
34
Chemung
Financial
Corp.
1
56
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
88
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
ChoiceOne
Financial
Services,
Inc.
5
$
143
Citizens
&
Northern
Corp.
6
135
Citizens
Community
Bancorp,
Inc.
4
70
Citizens
Financial
Services,
Inc.
1
60
City
Holding
Co.
5
600
Civista
Bancshares,
Inc.
6
143
CNB
Financial
Corp.
10
280
Coastal
Financial
Corp.*
4
297
CoastalSouth
Bancshares,
Inc.
2
49
Colony
Bankcorp,
Inc.
7
139
Columbia
Financial,
Inc.*
11
197
Commercial
Bancgroup,
Inc.*
2
52
Community
Financial
System,
Inc.
17
1,029
Community
Trust
Bancorp,
Inc.
5
300
Community
West
Bancshares
5
116
ConnectOne
Bancorp,
Inc.
16
424
Customers
Bancorp,
Inc.*
10
674
CVB
Financial
Corp.
41
788
Dime
Community
Bancshares,
Inc.
13
421
Eagle
Bancorp
Montana,
Inc.
2
43
Eagle
Bancorp,
Inc.
9
229
Eagle
Financial
Services,
Inc.
1
35
Eastern
Bankshares,
Inc.
71
1,389
ECB
Bancorp,
Inc.*
4
69
Enterprise
Financial
Services
Corp.
12
685
Equity
Bancshares,
Inc.,
Class
a
A
5
224
Esquire
Financial
Holdings,
Inc.
2
202
Farmers
&
Merchants
Bancorp,
Inc.
4
103
Farmers
National
Banc
Corp.
10
129
FB
Bancorp,
Inc.*
5
66
FB
Financial
Corp.
14
766
Fidelity
D&D
Bancorp,
Inc.
2
88
Financial
Institutions,
Inc.
6
188
Finward
Bancorp
1
37
Finwise
Bancorp*
6
101
First
Bancorp
13
738
First
Bancorp
51
1,078
First
Bancorp,
Inc.
(The)
4
111
First
Bank
7
111
First
Busey
Corp.
30
761
First
Business
Financial
Services,
Inc.
3
164
First
Capital,
Inc.
1
51
First
Commonwealth
Financial
Corp.
33
578
First
Community
Bankshares,
Inc.
5
196
First
Community
Corp.
2
58
First
Financial
Bancorp
35
982
First
Financial
Bankshares,
Inc.
45
1,392
First
Financial
Corp.
4
253
First
Foundation,
Inc.*
20
117
First
Internet
Bancorp
3
61
Investments
Shares
Value
Common
Stocks
(continued)
First
Interstate
BancSystem,
Inc.,
Class
a
A
29
$
1,004
First
Merchants
Corp.
20
782
First
Mid
Bancshares,
Inc.
7
287
First
National
Corp.
3
80
First
United
Corp.
2
71
First
Western
Financial,
Inc.*
3
76
Firstsun
Capital
Bancorp*
4
146
Five
Star
Bancorp
5
195
Flagstar
Bank
NA
97
1,231
Flushing
Financial
Corp.
10
154
Franklin
Financial
Services
Corp.
1
51
FS
Bancorp,
Inc.
2
79
Fulton
Financial
Corp.
58
1,186
FVCBankcorp,
Inc.
5
77
GBank
Financial
Holdings,
Inc.*
3
91
German
American
Bancorp,
Inc.
12
496
Glacier
Bancorp,
Inc.
43
1,956
Great
Southern
Bancorp,
Inc.
3
185
Greene
County
Bancorp,
Inc.
2
44
Hancock
Whitney
Corp.
27
1,777
Hanmi
Financial
Corp.
10
261
Hanover
Bancorp,
Inc.
1
21
Hawthorn
Bancshares,
Inc.
2
66
HBT
Financial,
Inc.
4
108
Heritage
Commerce
Corp.
19
236
Heritage
Financial
Corp.
11
291
Hilltop
Holdings,
Inc.
14
524
Hingham
Institution
For
Savings
(The)
1
279
Home
Bancorp,
Inc.
2
118
Home
BancShares,
Inc.
59
1,620
HomeTrust
Bancshares,
Inc.
5
211
Hope
Bancorp,
Inc.
41
462
Horizon
Bancorp,
Inc.
15
253
Independent
Bank
Corp.
16
1,249
Independent
Bank
Corp.
7
243
International
Bancshares
Corp.
18
1,208
Investar
Holding
Corp.
3
85
John
Marshall
Bancorp,
Inc.
4
77
Kearny
Financial
Corp.
18
138
Lakeland
Financial
Corp.
8
465
Landmark
Bancorp,
Inc.
2
55
LCNB
Corp.
7
119
LINKBANCORP,
Inc.
6
52
Live
Oak
Bancshares,
Inc.
12
435
MainStreet
Bancshares,
Inc.
2
44
Mechanics
Bancorp
15
214
Mercantile
Bank
Corp.
5
258
Meridian
Corp.
3
58
Metrocity
Bankshares,
Inc.
6
169
Metropolitan
Bank
Holding
Corp.
3
252
Mid
Penn
Bancorp,
Inc.
6
193
Midland
States
Bancorp,
Inc.
8
177
MVB
Financial
Corp.
4
108
National
Bank
Holdings
Corp.,
Class
a
A
12
480
National
Bankshares,
Inc.
2
75
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
89
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
NB
Bancorp,
Inc.
14
$
299
NBT
Bancorp,
Inc.
17
726
Nicolet
Bankshares,
Inc.
5
764
Northeast
Bank
2
222
Northeast
Community
Bancorp,
Inc.
4
97
Northfield
Bancorp,
Inc.
11
147
Northpointe
Bancshares,
Inc.
9
163
Northrim
Bancorp,
Inc.
7
164
Northwest
Bancshares,
Inc.
48
598
Norwood
Financial
Corp.
3
87
Oak
Valley
Bancorp
2
64
OceanFirst
Financial
Corp.
18
325
OFG
Bancorp
14
561
Ohio
Valley
Banc
Corp.
1
43
Old
National
Bancorp
114
2,633
Old
Second
Bancorp,
Inc.
18
353
OP
Bancorp
3
40
Orange
County
Bancorp,
Inc.
4
133
Origin
Bancorp,
Inc.
10
416
Orrstown
Financial
Services,
Inc.
6
216
Park
National
Corp.
5
823
Parke
Bancorp,
Inc.
3
84
Pathward
Financial,
Inc.
7
636
Patriot
National
Bancorp,
Inc.*
21
26
PCB
Bancorp
4
89
Peapack-Gladstone
Financial
Corp.
5
167
Peoples
Bancorp
of
North
Carolina,
Inc.
1
38
Peoples
Bancorp,
Inc.
11
355
Peoples
Financial
Services
Corp.
3
161
Pioneer
Bancorp,
Inc.*
4
56
Plumas
Bancorp
2
101
Ponce
Financial
Group,
Inc.*
6
97
Preferred
Bank
4
351
Primis
Financial
Corp.
6
79
Princeton
Bancorp,
Inc.
2
68
Provident
Financial
Services,
Inc.
41
863
QCR
Holdings,
Inc.
5
432
RBB
Bancorp
5
107
Red
River
Bancshares,
Inc.
2
177
Renasant
Corp.
31
1,167
Republic
Bancorp,
Inc.,
Class
a
A
3
207
Richmond
Mutual
Bancorp,
Inc.
3
41
Riverview
Bancorp,
Inc.
6
32
S&T
Bancorp,
Inc.
12
502
SB
Financial
Group,
Inc.
2
42
Seacoast
Banking
Corp.
of
Florida
27
840
ServisFirst
Bancshares,
Inc.
17
1,377
Shore
Bancshares,
Inc.
12
223
Sierra
Bancorp
4
144
Simmons
First
National
Corp.,
Class
a
A
46
916
SmartFinancial,
Inc.
5
196
Sound
Financial
Bancorp,
Inc.
1
42
South
Plains
Financial,
Inc.
4
164
Investments
Shares
Value
Common
Stocks
(continued)
Southern
First
Bancshares,
Inc.*
3
$
168
Southern
Missouri
Bancorp,
Inc.
3
186
Southside
Bancshares,
Inc.
8
251
SR
Bancorp,
Inc.
4
66
Stellar
Bancorp,
Inc.
15
565
Stock
Yards
Bancorp,
Inc.
8
513
Texas
Capital
Bancshares,
Inc.*
15
1,429
Third
Coast
Bancshares,
Inc.*
4
158
Timberland
Bancorp,
Inc.
2
76
Tompkins
Financial
Corp.
4
307
Towne
Bank
24
822
TriCo
Bancshares
10
478
Triumph
Financial,
Inc.*
7
391
TrustCo
Bank
Corp.
6
260
Trustmark
Corp.
18
767
UMB
Financial
Corp.
24
2,781
Union
Bankshares,
Inc.
1
23
United
Bankshares,
Inc.
48
1,982
United
Community
Banks,
Inc.
42
1,351
United
Security
Bancshares
4
42
Unity
Bancorp,
Inc.
2
106
Univest
Financial
Corp.
8
268
USCB
Financial
Holdings,
Inc.
4
76
Valley
National
Bancorp
157
1,980
Virginia
National
Bankshares
Corp.
2
77
WaFd,
Inc.
24
748
Washington
Trust
Bancorp,
Inc.
6
202
WesBanco,
Inc.
31
1,081
West
Bancorp,
Inc.
5
122
Westamerica
Bancorp
8
405
Western
New
England
Bancorp,
Inc.
5
64
WSFS
Financial
Corp.
18
1,143
94,243
Beverages
—
0.1%
MGP
Ingredients,
Inc.
5
95
National
Beverage
Corp.*
8
291
Vita
Coco
Co.,
Inc.
(The)*
16
929
Zevia
PBC,
Class
a
A*
17
23
1,338
Biotechnology
—
7.8%
4D
Molecular
Therapeutics,
Inc.*
13
126
Abeona
Therapeutics,
Inc.*
13
67
Absci
Corp.(a)
44
121
ACADIA
Pharmaceuticals,
Inc.*
40
982
Actuate
Therapeutics,
Inc.*
2
7
ADC
Therapeutics
SA*
26
107
ADMA
Biologics,
Inc.*
76
1,183
Agios
Pharmaceuticals,
Inc.*
18
544
Akebia
Therapeutics,
Inc.*
80
105
Aldeyra
Therapeutics,
Inc.*
17
93
Alector,
Inc.*
24
58
Alkermes
plc*
52
1,565
Allogene
Therapeutics,
Inc.*
50
139
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
90
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Altimmune,
Inc.*
27
$
116
Amicus
Therapeutics,
Inc.*
95
1,365
AnaptysBio,
Inc.*
6
330
Anavex
Life
Sciences
Corp.*
25
111
Anika
Therapeutics,
Inc.*
3
43
Annexon,
Inc.*
32
179
Apogee
Therapeutics,
Inc.*
13
910
Arbutus
Biopharma
Corp.*
50
233
Arcellx,
Inc.*
11
1,252
Arcturus
Therapeutics
Holdings,
Inc.*
7
58
Arcus
Biosciences,
Inc.*
24
489
Arcutis
Biotherapeutics,
Inc.*
38
1,025
Ardelyx,
Inc.*
75
491
ArriVent
Biopharma,
Inc.*
10
230
Arrowhead
Pharmaceuticals,
Inc.*
44
2,784
ARS
Pharmaceuticals,
Inc.*
18
167
aTyr
Pharma,
Inc.*
30
29
Aura
Biosciences,
Inc.*
13
77
Aurinia
Pharmaceuticals,
Inc.*
37
524
Avidity
Biosciences,
Inc.*
39
2,808
Avita
Medical,
Inc.*
3
15
Beam
Therapeutics,
Inc.*
33
939
Benitec
Biopharma,
Inc.*
4
44
Bicara
Therapeutics,
Inc.*
10
168
BioCryst
Pharmaceuticals,
Inc.*
74
648
Biohaven
Ltd.*
30
346
Bridgebio
Pharma,
Inc.*
51
3,390
Bright
Minds
Biosciences,
Inc.*
2
168
Candel
Therapeutics,
Inc.*
13
68
Capricor
Therapeutics,
Inc.*
13
363
Cardiff
Oncology,
Inc.*
19
37
CareDx,
Inc.*
18
338
Cartesian
Therapeutics,
Inc.*
2
15
Catalyst
Pharmaceuticals,
Inc.*
37
854
Celcuity,
Inc.*
10
1,117
Celldex
Therapeutics,
Inc.*
22
662
CG
oncology,
Inc.*
18
1,058
Cogent
Biosciences,
Inc.*
46
1,787
Coherus
Oncology,
Inc.*
35
58
Compass
Therapeutics,
Inc.*
43
243
Corvus
Pharmaceuticals,
Inc.*
18
329
CRISPR
Therapeutics
AG(a)
27
1,624
Cullinan
Therapeutics,
Inc.*
17
264
Cytokinetics,
Inc.*
40
2,489
Day
One
Biopharmaceuticals,
Inc.*
25
265
Denali
Therapeutics,
Inc.*
41
868
Design
Therapeutics,
Inc.*
7
73
DiaMedica
Therapeutics,
Inc.*
11
87
Dianthus
Therapeutics,
Inc.*
8
442
Disc
Medicine,
Inc.*
8
533
Dyne
Therapeutics,
Inc.*
38
594
Editas
Medicine,
Inc.*
28
62
Eledon
Pharmaceuticals,
Inc.*
17
45
Emergent
BioSolutions,
Inc.*
17
139
Enanta
Pharmaceuticals,
Inc.*
8
114
Entrada
Therapeutics,
Inc.*
8
95
Erasca,
Inc.*
58
792
Investments
Shares
Value
Common
Stocks
(continued)
Fate
Therapeutics,
Inc.*
35
$
52
Fennec
Pharmaceuticals,
Inc.*
7
59
Foghorn
Therapeutics,
Inc.*
9
51
Geron
Corp.*
174
292
Gossamer
Bio,
Inc.*
60
25
GRAIL,
Inc.*
11
586
Greenwich
Lifesciences,
Inc.(a)
2
55
Gyre
Therapeutics,
Inc.*
3
25
Heron
Therapeutics,
Inc.*
50
60
Humacyte,
Inc.*
50
56
Ideaya
Biosciences,
Inc.*
25
805
ImmunityBio,
Inc.(a)
94
919
Immunome,
Inc.*
30
656
Immunovant,
Inc.*
23
638
Inhibikase
Therapeutics,
Inc.*
19
39
Inhibrx
Biosciences,
Inc.*
3
222
Inmune
Bio,
Inc.*
6
8
Intellia
Therapeutics,
Inc.*
33
455
Iovance
Biotherapeutics,
Inc.*
97
374
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
50
171
Jade
Biosciences,
Inc.
14
208
Janux
Therapeutics,
Inc.*
13
177
KalVista
Pharmaceuticals,
Inc.*
11
179
Keros
Therapeutics,
Inc.*
9
128
Kodiak
Sciences,
Inc.*
11
295
Krystal
Biotech,
Inc.*
8
2,205
Kura
Oncology,
Inc.*
25
218
Kymera
Therapeutics,
Inc.*
18
1,644
Larimar
Therapeutics,
Inc.*
15
80
Lexeo
Therapeutics,
Inc.*
20
144
Madrigal
Pharmaceuticals,
Inc.*
6
2,592
MannKind
Corp.*
96
315
MapLight
Therapeutics,
Inc.(a)
8
138
MeiraGTx
Holdings
plc*
14
106
MiMedx
Group,
Inc.*
40
196
Mineralys
Therapeutics,
Inc.*
15
439
Mirum
Pharmaceuticals,
Inc.*
13
1,200
Monopar
Therapeutics,
Inc.*
1
55
Monte
Rosa
Therapeutics,
Inc.*
15
266
Myriad
Genetics,
Inc.*
28
129
Neurogene,
Inc.*
3
70
Nkarta,
Inc.*
13
35
Novavax,
Inc.(a)
50
507
Nurix
Therapeutics,
Inc.*
32
511
Nuvalent,
Inc.,
Class
a
A*
16
1,631
Nuvectis
Pharma,
Inc.*
4
35
Olema
Pharmaceuticals,
Inc.*
20
484
Organogenesis
Holdings,
Inc.,
Class
a
A*
21
67
ORIC
Pharmaceuticals,
Inc.*
21
282
Oruka
Therapeutics,
Inc.*
13
447
Palvella
Therapeutics,
Inc.*
2
270
Perspective
Therapeutics,
Inc.*
18
97
Praxis
Precision
Medicines,
Inc.*
8
2,694
Precigen,
Inc.*
57
216
Prime
Medicine,
Inc.*
31
143
Protagonist
Therapeutics,
Inc.*
19
1,750
Protalix
BioTherapeutics,
Inc.*
23
66
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
91
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Protara
Therapeutics,
Inc.*
9
$
57
Prothena
Corp.
plc*
14
121
PTC
Therapeutics,
Inc.*
24
1,637
Puma
Biotechnology,
Inc.*
13
74
Recursion
Pharmaceuticals,
Inc.,
Class
a
A(a)
124
455
REGENXBIO,
Inc.*
14
127
Relay
Therapeutics,
Inc.*
47
482
Replimune
Group,
Inc.*
22
168
Rezolute,
Inc.*
24
77
Rhythm
Pharmaceuticals,
Inc.*
17
1,576
Rigel
Pharmaceuticals,
Inc.*
6
208
Rocket
Pharmaceuticals,
Inc.*
26
130
Sana
Biotechnology,
Inc.*
52
219
Savara,
Inc.*
46
277
Scholar
Rock
Holding
Corp.*
26
1,151
SELLAS
Life
Sciences
Group,
Inc.(a)
41
202
Sionna
Therapeutics,
Inc.*
5
183
Soleno
Therapeutics,
Inc.*
15
586
Solid
Biosciences,
Inc.*
18
112
Spyre
Therapeutics,
Inc.*
22
946
Stoke
Therapeutics,
Inc.*
15
546
Syndax
Pharmaceuticals,
Inc.*
27
586
Tango
Therapeutics,
Inc.*
35
390
Taysha
Gene
Therapies,
Inc.*
70
317
Tectonic
Therapeutic,
Inc.(a)
4
94
Tevogen
Bio
Holdings,
Inc.*
14
4
TG
Therapeutics,
Inc.*
47
1,414
Tonix
Pharmaceuticals
Holding
Corp.*
4
56
Travere
Therapeutics,
Inc.*
26
775
TriSalus
Life
Sciences,
Inc.*
8
40
TuHURA
Biosciences,
Inc.*
9
15
Twist
Bioscience
Corp.*
19
891
Tyra
Biosciences,
Inc.*
8
266
Upstream
Bio,
Inc.*
11
84
UroGen
Pharma
Ltd.*
13
282
Vanda
Pharmaceuticals,
Inc.*
17
151
Vaxcyte,
Inc.*
42
2,593
Vera
Therapeutics,
Inc.,
Class
a
A*
18
734
Veracyte,
Inc.*
25
915
Verastem,
Inc.*
16
92
Vericel
Corp.*
16
571
Vir
Biotechnology,
Inc.*
28
255
Viridian
Therapeutics,
Inc.*
25
735
Voyager
Therapeutics,
Inc.*
14
57
Xencor,
Inc.*
22
281
Xenon
Pharmaceuticals,
Inc.*
24
1,038
XOMA
Royalty
Corp.*
3
77
Zenas
Biopharma,
Inc.*
6
158
Zymeworks,
Inc.*
17
396
87,619
Broadline
Retail
—
0.1%
Groupon,
Inc.,
Class
a
A*
7
88
Kohl's
Corp.
35
573
Savers
Value
Village,
Inc.*
13
123
784
Investments
Shares
Value
Common
Stocks
(continued)
Building
Products
—
1.5%
American
Woodmark
Corp.*
5
$
251
Apogee
Enterprises,
Inc.
7
279
AZZ,
Inc.
10
1,360
CSW
Industrials,
Inc.
5
1,472
Gibraltar
Industries,
Inc.*
10
455
Griffon
Corp.
13
1,108
Insteel
Industries,
Inc.
6
224
Janus
International
Group,
Inc.*
44
306
JELD-WEN
Holding,
Inc.*
26
51
Masterbrand,
Inc.*
42
425
Modine
Manufacturing
Co.*
17
3,863
Quanex
Building
Products
Corp.
16
328
Resideo
Technologies,
Inc.*
43
1,664
Tecnoglass,
Inc.
8
364
UFP
Industries,
Inc.
19
1,955
Zurn
Elkay
Water
Solutions
Corp.
50
2,549
16,654
Capital
Markets
—
1.5%
Acadian
Asset
Management,
Inc.
8
431
AlTi
Global,
Inc.*
13
58
Artisan
Partners
Asset
Management,
Inc.,
Class
a
A
20
806
Bakkt,
Inc.,
Class
a
A*
4
38
BGC
Group,
Inc.,
Class
a
A
117
1,114
Cohen
&
Steers,
Inc.
8
535
Diamond
Hill
Investment
Group,
Inc.
1
172
DigitalBridge
Group,
Inc.
56
865
Donnelley
Financial
Solutions,
Inc.*
8
398
Forge
Global
Holdings,
Inc.*
4
180
GCM
Grosvenor,
Inc.,
Class
a
A
17
197
Innventure,
Inc.*
8
23
Marex
Group
plc
18
782
Miami
International
Holdings,
Inc.*
8
341
Moelis
&
Co.,
Class
a
A
24
1,425
Open
Lending
Corp.*
32
42
Patria
Investments
Ltd.,
Class
a
A
21
275
Perella
Weinberg
Partners,
Class
a
A
21
389
Piper
Sandler
Cos.
6
1,773
PJT
Partners,
Inc.,
Class
a
A
7
1,034
Ridgepost
Capital,
Inc.,
Class
a
A
18
145
Siebert
Financial
Corp.*
4
8
StepStone
Group,
Inc.,
Class
a
A
23
992
StoneX
Group,
Inc.*
16
2,040
Strive,
Inc.,
Class
a
A*
4
32
Victory
Capital
Holdings,
Inc.,
Class
a
A
14
968
Virtus
Investment
Partners,
Inc.
2
277
Webull
Corp.*
87
505
Westwood
Holdings
Group,
Inc.
4
67
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
92
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
WisdomTree,
Inc.
38
$
650
16,562
Chemicals
—
1.4%
AdvanSix,
Inc.
11
196
American
Vanguard
Corp.*
7
32
Arq,
Inc.*
8
28
Ascent
Industries
Co.*
6
103
ASP
Isotopes,
Inc.*
28
150
Aspen
Aerogels,
Inc.*
21
65
Avient
Corp.
30
1,232
Balchem
Corp.
11
1,996
Cabot
Corp.
17
1,294
Chemours
Co.
(The)
48
876
Core
Molding
Technologies,
Inc.*
3
55
Ecovyst,
Inc.*
37
417
Flotek
Industries,
Inc.*
6
92
Hawkins,
Inc.
6
895
HB
Fuller
Co.
18
1,183
Ingevity
Corp.*
12
864
Innospec,
Inc.
8
613
Intrepid
Potash,
Inc.*
4
148
Koppers
Holdings,
Inc.
6
227
Kronos
Worldwide,
Inc.
6
35
LSB
Industries,
Inc.*
17
198
Mativ
Holdings,
Inc.
17
184
Minerals
Technologies,
Inc.
10
706
Orion
SA
17
97
Perimeter
Solutions,
Inc.*
43
1,010
PureCycle
Technologies,
Inc.*
43
271
Quaker
Chemical
Corp.
4
588
Rayonier
Advanced
Materials,
Inc.*
20
189
Sensient
Technologies
Corp.
14
1,421
Solesence,
Inc.*
5
6
Stepan
Co.
7
356
Trinseo
plc
11
3
Tronox
Holdings
plc
40
299
15,829
Commercial
Services
&
Supplies
—
1.3%
ABM
Industries,
Inc.
20
890
ACCO
Brands
Corp.
26
106
ACV
Auctions,
Inc.,
Class
a
A*
53
258
BrightView
Holdings,
Inc.*
22
303
Brink's
Co.
(The)
14
1,635
Casella
Waste
Systems,
Inc.,
Class
a
A*
20
1,863
Cimpress
plc*
6
438
CompX
International,
Inc.
1
24
CoreCivic,
Inc.*
33
584
Deluxe
Corp.
14
389
Ennis,
Inc.
8
169
Enviri
Corp.*
24
454
GEO
Group,
Inc.
(The)*
43
647
Healthcare
Services
Group,
Inc.*
24
523
HNI
Corp.
21
944
Interface,
Inc.,
Class
a
A
19
598
Investments
Shares
Value
Common
Stocks
(continued)
Liquidity
Services,
Inc.*
8
$
253
MillerKnoll,
Inc.
24
483
Mobile
Infrastructure
Corp.,
Class
a
A(a)
3
9
Montrose
Environmental
Group,
Inc.*
11
321
NL
Industries,
Inc.
2
12
OPENLANE,
Inc.*
36
1,026
Perma-Fix
Environmental
Services,
Inc.*
5
68
Pitney
Bowes,
Inc.
53
569
Quad/Graphics,
Inc.
8
55
UniFirst
Corp.
5
1,174
Vestis
Corp.*
39
307
Virco
Mfg.
Corp.
3
19
14,121
Communications
Equipment
—
1.0%
ADTRAN
Holdings,
Inc.*
23
235
Applied
Optoelectronics,
Inc.*
20
1,685
Aviat
Networks,
Inc.*
4
100
BK
Technologies
Corp.*
1
87
Calix,
Inc.*
20
1,035
Clearfield,
Inc.*
4
126
Digi
International,
Inc.*
12
586
Extreme
Networks,
Inc.*
42
587
Harmonic,
Inc.*
38
404
Inseego
Corp.*
4
49
NETGEAR,
Inc.*
9
186
NetScout
Systems,
Inc.*
23
672
Ribbon
Communications,
Inc.*
30
67
Viasat,
Inc.*
42
1,923
Viavi
Solutions,
Inc.*
71
2,109
Vistance
Networks,
Inc.*
71
1,247
11,098
Construction
&
Engineering
—
2.5%
Ameresco,
Inc.,
Class
a
A*
10
305
Arcosa,
Inc.
16
1,720
Argan,
Inc.
4
1,805
Bowman
Consulting
Group
Ltd.,
Class
a
A*
5
168
Centuri
Holdings,
Inc.*
25
775
Concrete
Pumping
Holdings,
Inc.*
6
40
Construction
Partners,
Inc.,
Class
a
A*
15
2,015
Dycom
Industries,
Inc.*
8
3,360
Fluor
Corp.*
52
2,720
Granite
Construction,
Inc.
14
1,882
Great
Lakes
Dredge
&
Dock
Corp.*
21
356
IES
Holdings,
Inc.*
3
1,486
Legence
Corp.,
Class
a
A*
12
697
Limbach
Holdings,
Inc.*
3
274
Matrix
Service
Co.*
8
88
MYR
Group,
Inc.*
5
1,350
NWPX
Infrastructure,
Inc.*
3
233
Orion
Group
Holdings,
Inc.*
11
151
Primoris
Services
Corp.
18
2,713
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
93
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Southland
Holdings,
Inc.*
4
$
4
Sterling
Infrastructure,
Inc.*
10
4,281
Tutor
Perini
Corp.
15
1,131
27,554
Construction
Materials
—
0.2%
Knife
River
Corp.*
19
1,691
Smith-Midland
Corp.*
1
38
Titan
America
SA
10
181
United
States
Lime
&
Minerals,
Inc.
4
457
2,367
Consumer
Finance
—
0.9%
Atlanticus
Holdings
Corp.*
2
105
Bread
Financial
Holdings,
Inc.
15
1,063
Consumer
Portfolio
Services,
Inc.*
2
16
Dave,
Inc.*
3
580
Encore
Capital
Group,
Inc.*
7
478
Enova
International,
Inc.*
8
1,112
FirstCash
Holdings,
Inc.
13
2,506
Green
Dot
Corp.,
Class
a
A*
17
197
Jefferson
Capital,
Inc.
3
62
LendingClub
Corp.*
36
537
LendingTree,
Inc.*
4
149
Medallion
Financial
Corp.
4
40
Navient
Corp.
21
185
Nelnet,
Inc.,
Class
a
A
4
518
NerdWallet,
Inc.,
Class
a
A*
14
152
Oportun
Financial
Corp.*
12
62
OppFi,
Inc.
8
73
PRA
Group,
Inc.*
12
189
PROG
Holdings,
Inc.
13
458
Regional
Management
Corp.
3
95
Upstart
Holdings,
Inc.*
30
817
World
Acceptance
Corp.*
1
135
9,529
Consumer
Staples
Distribution
&
Retail
—
0.4%
Andersons,
Inc.
(The)
11
718
Chefs'
Warehouse,
Inc.
(The)*
12
857
Grocery
Outlet
Holding
Corp.*
30
296
HF
Foods
Group,
Inc.*
12
25
Ingles
Markets,
Inc.,
Class
a
A
5
426
Natural
Grocers
by
Vitamin
Cottage,
Inc.
4
108
PriceSmart,
Inc.
8
1,237
United
Natural
Foods,
Inc.*
20
764
Village
Super
Market,
Inc.,
Class
a
A
3
118
Weis
Markets,
Inc.
4
271
4,820
Containers
&
Packaging
—
0.2%
Ardagh
Metal
Packaging
SA
45
218
Greif,
Inc.,
Class
a
A
8
581
Greif,
Inc.,
Class
a
B
2
175
Myers
Industries,
Inc.
12
268
O-I
Glass,
Inc.*
50
670
Investments
Shares
Value
Common
Stocks
(continued)
Ranpak
Holdings
Corp.,
Class
a
A*
14
$
72
TriMas
Corp.
10
391
2,375
Distributors
—
0.1%
GigaCloud
Technology,
Inc.,
Class
a
A*
8
355
Gold.
Com,
Inc.
6
345
Weyco
Group,
Inc.
2
62
762
Diversified
Consumer
Services
—
1.0%
American
Public
Education,
Inc.*
6
275
Carriage
Services,
Inc.,
Class
a
A
5
230
Coursera,
Inc.*
47
301
Covista,
Inc.*
12
1,176
Driven
Brands
Holdings,
Inc.*
18
198
European
Wax
Center,
Inc.,
Class
a
A*
8
46
Frontdoor,
Inc.*
24
1,646
Graham
Holdings
Co.,
Class
a
B
1
1,053
KinderCare
Learning
Cos.,
Inc.*
8
28
Laureate
Education,
Inc.*
42
1,358
Lincoln
Educational
Services
Corp.*
10
363
Matthews
International
Corp.,
Class
a
A
10
264
McGraw
Hill,
Inc.*
8
112
Mister
Car
Wash,
Inc.*
31
221
Nerdy,
Inc.*
18
18
OneSpaWorld
Holdings
Ltd.
32
689
Perdoceo
Education
Corp.
21
700
Phoenix
Education
Partners,
Inc.
2
59
Strategic
Education,
Inc.
8
658
Stride,
Inc.*
14
1,181
Udemy,
Inc.*
30
151
Universal
Technical
Institute,
Inc.*
15
543
11,270
Diversified
REITs
—
0.5%
Alexander
&
Baldwin,
Inc.,
REIT
24
499
Alpine
Income
Property
Trust,
Inc.,
REIT
4
79
American
Assets
Trust,
Inc.,
REIT
17
332
Armada
Hoffler
Properties,
Inc.,
REIT
24
150
Broadstone
Net
Lease,
Inc.,
REIT
60
1,163
CTO
Realty
Growth,
Inc.,
REIT
12
234
Essential
Properties
Realty
Trust,
Inc.,
REIT
63
2,138
Gladstone
Commercial
Corp.,
REIT
14
175
Global
Net
Lease,
Inc.,
REIT
63
593
Modiv
Industrial,
Inc.,
Class
a
C,
REIT
3
47
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
94
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
NexPoint
Diversified
Real
Estate
Trust,
REIT
11
$
49
5,459
Diversified
Telecommunication
Services
—
0.5%
Anterix,
Inc.*
4
148
ATN
International,
Inc.
3
86
Bandwidth,
Inc.,
Class
a
A*
8
118
Cogent
Communications
Holdings,
Inc.
17
319
Globalstar,
Inc.*
16
996
IDT
Corp.,
Class
a
B
5
255
Liberty
Latin
America
Ltd.,
Class
a
A*
9
71
Liberty
Latin
America
Ltd.,
Class
a
C*
42
333
Lumen
Technologies,
Inc.*
309
2,197
Shenandoah
Telecommunications
Co.
16
218
Uniti
Group,
Inc.
52
381
5,122
Electric
Utilities
—
0.8%
Genie
Energy
Ltd.,
Class
a
B
6
87
Hawaiian
Electric
Industries,
Inc.*
55
852
MGE
Energy,
Inc.
12
984
Oklo,
Inc.,
Class
a
A(a)
37
2,329
Otter
Tail
Corp.
13
1,106
Portland
General
Electric
Co.
39
2,105
TXNM
Energy,
Inc.
34
2,007
9,470
Electrical
Equipment
—
2.6%
Allient,
Inc.
5
329
American
Superconductor
Corp.*
14
456
Amprius
Technologies,
Inc.*
36
386
Array
Technologies,
Inc.*
50
379
Atkore,
Inc.
11
712
Bloom
Energy
Corp.,
Class
a
A*
70
10,897
EnerSys
12
1,994
Enovix
Corp.*
53
279
Eos
Energy
Enterprises,
Inc.*
99
564
Fluence
Energy,
Inc.*
20
311
Hyliion
Holdings
Corp.*
41
84
KULR
Technology
Group,
Inc.(a)
12
34
LSI
Industries,
Inc.
9
195
NANO
Nuclear
Energy,
Inc.(a)
13
346
Net
Power,
Inc.*
8
15
Nextpower,
Inc.,
Class
a
A*
50
5,255
NuScale
Power
Corp.,
Class
a
A*
40
514
Plug
Power,
Inc.(a)
362
648
Powell
Industries,
Inc.
3
1,571
Power
Solutions
International,
Inc.*
3
250
Preformed
Line
Products
Co.
1
254
Shoals
Technologies
Group,
Inc.,
Class
a
A*
53
314
SKYX
Platforms
Corp.*
22
42
Investments
Shares
Value
Common
Stocks
(continued)
SunPower,
Inc.*
19
$
25
Sunrun,
Inc.*
73
967
T1
Energy,
Inc.*
43
265
Thermon
Group
Holdings,
Inc.*
11
558
Vicor
Corp.*
7
1,410
29,054
Electronic
Equipment,
Instruments
&
Components
—
3.4%
908
Devices,
Inc.*
8
55
Advanced
Energy
Industries,
Inc.
12
4,027
Aeva
Technologies,
Inc.(a)
11
146
Arlo
Technologies,
Inc.*
31
486
Badger
Meter,
Inc.
10
1,524
Bel
Fuse,
Inc.,
Class
a
A
1
212
Bel
Fuse,
Inc.,
Class
a
B
3
689
Belden,
Inc.
13
1,863
Benchmark
Electronics,
Inc.
12
694
Climb
Global
Solutions,
Inc.
1
95
CTS
Corp.
8
421
Daktronics,
Inc.*
12
309
ePlus,
Inc.
8
645
Evolv
Technologies
Holdings,
Inc.*
50
265
Fabrinet*
12
6,548
Frequency
Electronics,
Inc.*
2
100
Insight
Enterprises,
Inc.*
10
836
Itron,
Inc.*
15
1,409
Kimball
Electronics,
Inc.*
8
200
Knowles
Corp.*
30
815
Methode
Electronics,
Inc.
11
93
MicroVision,
Inc.*
96
75
Mirion
Technologies,
Inc.,
Class
a
A*
76
1,642
M-Tron
Industries,
Inc.*
1
63
Napco
Security
Technologies,
Inc.
11
513
Neonode,
Inc.*
3
6
nLight,
Inc.*
15
843
Novanta,
Inc.*
12
1,613
OSI
Systems,
Inc.*
5
1,426
Ouster,
Inc.*
18
341
PC
Connection,
Inc.
4
244
Plexus
Corp.*
8
1,553
Powerfleet,
Inc.*
42
150
Richardson
Electronics
Ltd.
3
37
Rogers
Corp.*
6
647
Sanmina
Corp.*
17
2,640
ScanSource,
Inc.*
7
258
TTM
Technologies,
Inc.*
34
3,544
Vishay
Intertechnology,
Inc.
38
711
Vishay
Precision
Group,
Inc.*
4
184
Vuzix
Corp.*
21
61
37,983
Energy
Equipment
&
Services
—
2.1%
Archrock,
Inc.
55
1,943
Atlas
Energy
Solutions,
Inc.,
Class
a
A
24
231
Borr
Drilling
Ltd.
85
521
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
95
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Bristow
Group,
Inc.,
Class
a
A*
8
$
382
Cactus,
Inc.,
Class
a
A
22
1,188
Core
Laboratories,
Inc.
15
264
DMC
Global,
Inc.*
5
29
Energy
Services
of
America
Corp.
4
62
Expro
Group
Holdings
NV*
28
500
Flowco
Holdings,
Inc.,
Class
a
A
8
180
Forum
Energy
Technologies,
Inc.*
3
174
Helix
Energy
Solutions
Group,
Inc.*
46
423
Helmerich
&
Payne,
Inc.
32
1,127
Innovex
International,
Inc.*
13
343
Kodiak
Gas
Services,
Inc.
27
1,473
Liberty
Energy,
Inc.,
Class
a
A
50
1,404
Mammoth
Energy
Services,
Inc.*
7
16
Nabors
Industries
Ltd.*
5
391
National
Energy
Services
Reunited
Corp.*
21
526
Natural
Gas
Services
Group,
Inc.
3
115
Noble
Corp.
plc
42
1,908
Oceaneering
International,
Inc.*
32
1,136
Oil
States
International,
Inc.*
17
223
Patterson-UTI
Energy,
Inc.
112
953
ProFrac
Holding
Corp.,
Class
a
A*
8
40
ProPetro
Holding
Corp.*
25
303
Ranger
Energy
Services,
Inc.,
Class
a
A
8
139
RPC,
Inc.
27
157
SEACOR
Marine
Holdings,
Inc.*
6
46
Seadrill
Ltd.*
20
878
Select
Water
Solutions,
Inc.,
Class
a
A
30
410
Solaris
Energy
Infrastructure,
Inc.,
Class
a
A
14
695
TETRA
Technologies,
Inc.*
42
364
Tidewater,
Inc.*
16
1,271
Transocean
Ltd.*
300
1,944
Valaris
Ltd.*
20
1,917
23,676
Entertainment
—
0.5%
AMC
Entertainment
Holdings,
Inc.,
Class
a
A*
164
190
Atlanta
Braves
Holdings,
Inc.,
Class
a
A*
2
97
Atlanta
Braves
Holdings,
Inc.,
Class
a
C*
15
656
Cinemark
Holdings,
Inc.
36
1,017
CuriosityStream,
Inc.
12
41
Eventbrite,
Inc.,
Class
a
A*
24
106
Gaia,
Inc.,
Class
a
A*
4
13
Golden
Matrix
Group,
Inc.,*
7
4
IMAX
Corp.*
14
600
Lionsgate
Studios
Corp.*
64
576
Madison
Square
Garden
Entertainment
Corp.,
Class
a
A*
13
821
Investments
Shares
Value
Common
Stocks
(continued)
Marcus
Corp.
(The)
6
$
101
Playstudios,
Inc.*
26
13
Playtika
Holding
Corp.
17
52
Reservoir
Media,
Inc.*
6
54
Sphere
Entertainment
Co.*
8
952
Starz
Entertainment
Corp.
3
33
5,326
Financial
Services
—
1.8%
Acacia
Research
Corp.*
9
38
Alerus
Financial
Corp.
9
215
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class
a
E
8
400
Better
Home
&
Finance
Holding
Co.*
2
66
Burford
Capital
Ltd.
63
532
Cannae
Holdings,
Inc.
14
171
Cantaloupe,
Inc.*
17
177
Cass
Information
Systems,
Inc.
4
178
Compass
Diversified
Holdings
21
157
Enact
Holdings,
Inc.
8
335
Essent
Group
Ltd.
31
1,886
EVERTEC,
Inc.
21
595
Federal
Agricultural
Mortgage
Corp.,
Class
a
C
3
473
Finance
of
America
Cos.,
Inc.,
Class
a
A*
2
39
Flywire
Corp.*
38
468
HA
Sustainable
Infrastructure
Capital,
Inc.
42
1,534
International
Money
Express,
Inc.*
8
126
Jackson
Financial,
Inc.,
Class
a
A
23
2,518
loanDepot,
Inc.,
Class
a
A*
27
56
Marqeta,
Inc.,
Class
a
A*
118
453
Merchants
Bancorp
8
338
NCR
Atleos
Corp.*
24
1,063
NewtekOne,
Inc.
6
74
NMI
Holdings,
Inc.,
Class
a
A*
24
943
Onity
Group,
Inc.*
2
84
Pagseguro
Digital
Ltd.,
Class
a
A
57
605
Payoneer
Global,
Inc.*
89
384
Paysafe
Ltd.*
9
56
Paysign,
Inc.*
9
32
PennyMac
Financial
Services,
Inc.
10
919
Priority
Technology
Holdings,
Inc.*
8
44
Radian
Group,
Inc.
45
1,553
Remitly
Global,
Inc.*
54
902
Repay
Holdings
Corp.,
Class
a
A*
21
58
Security
National
Financial
Corp.,
Class
a
A*
4
36
Sezzle,
Inc.*
5
365
StoneCo
Ltd.,
Class
a
A*
83
1,394
SWK
Holdings
Corp.
3
49
Velocity
Financial,
Inc.*
4
74
Walker
&
Dunlop,
Inc.
11
506
Waterstone
Financial,
Inc.
8
143
20,039
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
96
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Food
Products
—
0.6%
Alico,
Inc.
2
$
83
B&G
Foods,
Inc.
24
127
Beyond
Meat,
Inc.(a)
125
118
BRC,
Inc.,
Class
a
A*
28
18
Calavo
Growers,
Inc.
5
134
Cal-Maine
Foods,
Inc.
14
1,220
Dole
plc
26
417
Fresh
Del
Monte
Produce,
Inc.
11
472
Hain
Celestial
Group,
Inc.
(The)*
27
22
J
&
J
Snack
Foods
Corp.
5
435
John
B
Sanfilippo
&
Son,
Inc.
3
248
Lifeway
Foods,
Inc.*
2
44
Limoneira
Co.
4
56
Mama's
Creations,
Inc.*
11
189
Marzetti
Co.
(The)
7
1,150
Mission
Produce,
Inc.*
13
184
Seneca
Foods
Corp.,
Class
a
A*
2
278
Simply
Good
Foods
Co.
(The)*
29
495
SunOpta,
Inc.*
30
194
Tootsie
Roll
Industries,
Inc.
6
253
Utz
Brands,
Inc.
23
214
Vital
Farms,
Inc.*
12
253
Westrock
Coffee
Co.*
11
49
6,653
Gas
Utilities
—
1.0%
Brookfield
Infrastructure
Corp.,
Class
a
A
41
2,045
Chesapeake
Utilities
Corp.
8
1,088
New
Jersey
Resources
Corp.
34
1,844
Northwest
Natural
Holding
Co.
13
689
ONE
Gas,
Inc.
20
1,749
RGC
Resources,
Inc.
3
66
Southwest
Gas
Holdings,
Inc.
21
1,852
Spire,
Inc.
19
1,741
11,074
Ground
Transportation
—
0.3%
ArcBest
Corp.
7
719
Covenant
Logistics
Group,
Inc.,
Class
a
A
5
147
FTAI
Infrastructure,
Inc.
36
209
Heartland
Express,
Inc.
13
143
Hertz
Global
Holdings,
Inc.(a)
39
177
Marten
Transport
Ltd.
19
258
Proficient
Auto
Logistics,
Inc.*
7
53
RXO,
Inc.*
52
830
Universal
Logistics
Holdings,
Inc.
3
50
Werner
Enterprises,
Inc.
20
702
3,288
Health
Care
Equipment
&
Supplies
—
2.2%
Accuray,
Inc.*
30
17
Acme
United
Corp.
1
45
Alphatec
Holdings,
Inc.*
36
490
AngioDynamics,
Inc.*
12
137
Investments
Shares
Value
Common
Stocks
(continued)
Anteris
Technologies
Global
Corp.*
9
$
59
Artivion,
Inc.*
14
539
AtriCure,
Inc.*
16
500
Avanos
Medical,
Inc.*
14
197
Axogen,
Inc.*
14
444
Beta
Bionics,
Inc.*
12
152
Bioventus,
Inc.,
Class
a
A*
14
123
Butterfly
Network,
Inc.*
61
231
Ceribell,
Inc.*
10
187
Cerus
Corp.*
58
149
ClearPoint
Neuro,
Inc.*
8
101
CONMED
Corp.
10
460
CVRx,
Inc.*
4
33
Delcath
Systems,
Inc.*
9
80
Electromed,
Inc.*
2
47
Embecta
Corp.
18
185
Enovis
Corp.*
20
509
Glaukos
Corp.*
18
2,167
Haemonetics
Corp.*
16
1,013
ICU
Medical,
Inc.*
8
1,205
Inogen,
Inc.*
7
43
Integer
Holdings
Corp.*
11
954
Integra
LifeSciences
Holdings
Corp.*
21
239
iRadimed
Corp.
3
311
IRhythm
Holdings,
Inc.*
10
1,338
Kestra
Medical
Technologies
Ltd.*
6
140
KORU
Medical
Systems,
Inc.*
13
62
Lantheus
Holdings,
Inc.*
22
1,648
LeMaitre
Vascular,
Inc.
7
757
LENSAR,
Inc.*
2
24
LivaNova
plc*
18
1,271
Lucid
Diagnostics,
Inc.*
27
39
Merit
Medical
Systems,
Inc.*
19
1,466
Myomo,
Inc.*
11
9
Neogen
Corp.*
68
764
Neuronetics,
Inc.*
12
16
NeuroPace,
Inc.*
7
102
Novocure
Ltd.*
32
437
Omnicell,
Inc.*
15
617
OraSure
Technologies,
Inc.*
22
69
Orthofix
Medical,
Inc.*
12
162
OrthoPediatrics
Corp.*
7
134
Outset
Medical,
Inc.*
4
14
PROCEPT
BioRobotics
Corp.*
18
408
Pro-Dex,
Inc.*
1
44
Pulmonx
Corp.*
12
19
Pulse
Biosciences,
Inc.*
8
150
QuidelOrtho
Corp.*
24
546
RxSight,
Inc.*
11
82
Sanara
Medtech,
Inc.*
1
20
SANUWAVE
Health,
Inc.*
2
49
SI-BONE,
Inc.*
12
186
Sight
Sciences,
Inc.*
13
67
STAAR
Surgical
Co.*
16
318
Stereotaxis,
Inc.*
19
41
Tactile
Systems
Technology,
Inc.*
7
205
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
97
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Tandem
Diabetes
Care,
Inc.*
21
$
531
TransMedics
Group,
Inc.*
11
1,598
Treace
Medical
Concepts,
Inc.*
15
28
UFP
Technologies,
Inc.*
2
421
Utah
Medical
Products,
Inc.
1
67
Varex
Imaging
Corp.*
12
158
24,624
Health
Care
Providers
&
Services
—
2.6%
Accendra
Health,
Inc.*
24
58
AdaptHealth
Corp.,
Class
a
A*
32
293
Addus
HomeCare
Corp.*
6
621
agilon
health,
Inc.*
101
59
AirSculpt
Technologies,
Inc.*
4
6
Alignment
Healthcare,
Inc.*
54
1,038
AMN
Healthcare
Services,
Inc.*
11
214
Ardent
Health,
Inc.*
7
66
Astrana
Health,
Inc.*
15
305
Aveanna
Healthcare
Holdings,
Inc.*
22
162
BrightSpring
Health
Services,
Inc.*
38
1,574
Brookdale
Senior
Living,
Inc.*
76
1,163
Castle
Biosciences,
Inc.*
8
237
Clover
Health
Investments
Corp.,
Class
a
A*
132
276
Community
Health
Systems,
Inc.*
42
145
Concentra
Group
Holdings
Parent,
Inc.
37
886
CorVel
Corp.*
8
413
Cross
Country
Healthcare,
Inc.*
9
78
DocGo,
Inc.*
27
19
Enhabit,
Inc.*
15
204
Ensign
Group,
Inc.
(The)
18
3,855
Fulgent
Genetics,
Inc.*
8
123
GeneDx
Holdings
Corp.,
Class
a
A*
6
478
Guardant
Health,
Inc.*
42
3,944
Guardian
Pharmacy
Services,
Inc.,
Class
a
A*
7
235
HealthEquity,
Inc.*
27
2,065
Hims
&
Hers
Health,
Inc.*
68
987
Innovage
Holding
Corp.*
6
54
Joint
Corp.
(The)*
4
35
LifeStance
Health
Group,
Inc.*
52
376
Nano-X
Imaging
Ltd.*
20
47
National
HealthCare
Corp.
4
654
National
Research
Corp.
3
40
NeoGenomics,
Inc.*
43
423
Nutex
Health,
Inc.*
1
110
Omada
Health,
Inc.*
2
25
Oncology
Institute,
Inc.
(The)*
21
61
OPKO
Health,
Inc.*
133
160
Option
Care
Health,
Inc.*
51
1,655
PACS
Group,
Inc.*
14
511
Pediatrix
Medical
Group,
Inc.*
27
536
Pennant
Group,
Inc.
(The)*
11
371
Privia
Health
Group,
Inc.*
37
879
Progyny,
Inc.*
25
442
Investments
Shares
Value
Common
Stocks
(continued)
RadNet,
Inc.*
22
$
1,536
SBC
Medical
Group
Holdings,
Inc.*
3
12
Select
Medical
Holdings
Corp.
34
509
Sonida
Senior
Living,
Inc.*
2
72
Strata
Critical
Medical,
Inc.*
21
90
Surgery
Partners,
Inc.*
24
372
Talkspace,
Inc.*
47
227
US
Physical
Therapy,
Inc.
5
415
Viemed
Healthcare,
Inc.*
11
96
29,212
Health
Care
REITs
—
0.9%
American
Healthcare
REIT,
Inc.
54
2,821
CareTrust
REIT,
Inc.
72
2,925
Chiron
Real
Estate,
Inc.,
REIT
4
139
Community
Healthcare
Trust,
Inc.,
REIT
9
154
Diversified
Healthcare
Trust,
REIT
70
473
LTC
Properties,
Inc.,
REIT
15
595
National
Health
Investors,
Inc.,
REIT
15
1,261
Sabra
Health
Care
REIT,
Inc.
77
1,582
Sila
Realty
Trust,
Inc.,
REIT
18
463
Universal
Health
Realty
Income
Trust,
REIT
4
174
10,587
Health
Care
Technology
—
0.2%
Claritev
Corp.*
3
41
Definitive
Healthcare
Corp.,
Class
a
A*
8
10
Evolent
Health,
Inc.,
Class
a
A*
39
127
Health
Catalyst,
Inc.*
21
34
HealthStream,
Inc.
9
191
HeartFlow,
Inc.*
6
139
LifeMD,
Inc.*
12
32
OptimizeRx
Corp.*
4
30
Phreesia,
Inc.*
18
222
Schrodinger,
Inc.*
18
217
Simulations
Plus,
Inc.*
4
49
Teladoc
Health,
Inc.*
56
295
TruBridge,
Inc.*
3
58
Waystar
Holding
Corp.*
36
923
2,368
Hotel
&
Resort
REITs
—
0.5%
Apple
Hospitality
REIT,
Inc.
71
870
Braemar
Hotels
&
Resorts,
Inc.,
REIT
17
49
Chatham
Lodging
Trust,
REIT
14
108
DiamondRock
Hospitality
Co.,
REIT
64
643
Pebblebrook
Hotel
Trust,
REIT
37
475
RLJ
Lodging
Trust,
REIT
45
361
Ryman
Hospitality
Properties,
Inc.,
REIT
20
1,975
Service
Properties
Trust,
REIT
50
115
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
98
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Summit
Hotel
Properties,
Inc.,
REIT
35
$
158
Sunstone
Hotel
Investors,
Inc.,
REIT
57
529
Xenia
Hotels
&
Resorts,
Inc.,
REIT
30
458
5,741
Hotels,
Restaurants
&
Leisure
—
1.4%
Accel
Entertainment,
Inc.,
Class
a
A*
17
193
Bally's
Corp.*
3
43
BJ's
Restaurants,
Inc.*
7
266
Black
Rock
Coffee
Bar,
Inc.,
Class
a
A*
4
53
Bloomin'
Brands,
Inc.
25
153
Brightstar
Lottery
plc
33
448
Brinker
International,
Inc.*
14
2,075
Cheesecake
Factory,
Inc.
(The)
15
972
Cracker
Barrel
Old
Country
Store,
Inc.(a)
7
229
Dave
&
Buster's
Entertainment,
Inc.*
8
118
Dine
Brands
Global,
Inc.
5
155
El
Pollo
Loco
Holdings,
Inc.*
8
89
First
Watch
Restaurant
Group,
Inc.*
18
224
Genius
Sports
Ltd.*
69
429
Global
Business
Travel
Group
I*
43
235
Golden
Entertainment,
Inc.
6
173
Hilton
Grand
Vacations,
Inc.*
20
899
Inspired
Entertainment,
Inc.*
7
57
Jack
in
the
Box,
Inc.
7
118
Krispy
Kreme,
Inc.
24
90
Kura
Sushi
USA,
Inc.,
Class
a
A*
2
141
Life
Time
Group
Holdings,
Inc.*
48
1,296
Lindblad
Expeditions
Holdings,
Inc.*
14
276
Marriott
Vacations
Worldwide
Corp.
8
520
Monarch
Casino
&
Resort,
Inc.
4
384
Nathan's
Famous,
Inc.
1
101
Navan,
Inc.,
Class
a
A*
12
117
Papa
John's
International,
Inc.
11
345
Portillo's,
Inc.,
Class
a
A*
21
112
Pursuit
Attractions
and
Hospitality,
Inc.*
7
243
RCI
Hospitality
Holdings,
Inc.
3
66
Red
Rock
Resorts,
Inc.,
Class
a
A
16
969
Rush
Street
Interactive,
Inc.*
29
573
Sabre
Corp.*
120
142
Serve
Robotics,
Inc.*
19
190
Shake
Shack,
Inc.,
Class
a
A*
13
1,248
Six
Flags
Entertainment
Corp.*
30
511
Super
Group
SGHC
Ltd.
50
535
Sweetgreen,
Inc.,
Class
a
A*
33
183
Target
Hospitality
Corp.*
8
62
United
Parks
&
Resorts,
Inc.*
8
278
Xponential
Fitness,
Inc.,
Class
a
A*
8
34
15,345
Investments
Shares
Value
Common
Stocks
(continued)
Household
Durables
—
1.6%
Bassett
Furniture
Industries,
Inc.
3
$
45
Beazer
Homes
USA,
Inc.*
8
205
Cavco
Industries,
Inc.*
3
1,732
Century
Communities,
Inc.
8
538
Champion
Homes,
Inc.*
18
1,683
Cricut,
Inc.,
Class
a
A
15
64
Dream
Finders
Homes,
Inc.,
Class
a
A*
11
199
Ethan
Allen
Interiors,
Inc.
9
205
Flexsteel
Industries,
Inc.
1
51
Green
Brick
Partners,
Inc.*
10
737
Hamilton
Beach
Brands
Holding
Co.,
Class
a
A
2
38
Helen
of
Troy
Ltd.*
8
141
Hovnanian
Enterprises,
Inc.,
Class
a
A*
2
251
Installed
Building
Products,
Inc.(a)
8
2,622
KB
Home
21
1,335
La-Z-Boy,
Inc.
14
500
Legacy
Housing
Corp.*
3
66
Leggett
&
Platt,
Inc.
44
514
LGI
Homes,
Inc.*
7
363
Lovesac
Co.
(The)*
3
38
M/I
Homes,
Inc.*
8
1,137
Meritage
Homes
Corp.
23
1,735
Sonos,
Inc.*
37
570
Taylor
Morrison
Home
Corp.,
Class
a
A*
31
2,042
Traeger,
Inc.*
9
8
Tri
Pointe
Homes,
Inc.*
27
1,250
18,069
Household
Products
—
0.3%
Central
Garden
&
Pet
Co.*
3
118
Central
Garden
&
Pet
Co.,
Class
a
A*
16
553
Energizer
Holdings,
Inc.
22
475
Oil-Dri
Corp.
of
America
3
203
Spectrum
Brands
Holdings,
Inc.
8
627
WD-40
Co.
4
953
2,929
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
Hallador
Energy
Co.*
12
218
Montauk
Renewables,
Inc.*
21
32
Ormat
Technologies,
Inc.
20
2,074
2,324
Industrial
Conglomerates
—
0.0%(c)
Brookfield
Business
Corp.,
Class
a
A
8
276
Industrial
REITs
—
0.3%
Industrial
Logistics
Properties
Trust,
REIT
16
94
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
99
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Innovative
Industrial
Properties,
Inc.,
REIT
8
$
424
LXP
Industrial
Trust,
REIT
19
941
One
Liberty
Properties,
Inc.,
REIT
6
141
Terreno
Realty
Corp.,
REIT
34
2,246
3,846
Insurance
—
1.5%
Abacus
Global
Management,
Inc.
13
119
American
Coastal
Insurance
Corp.
7
80
American
Integrity
Insurance
Group,
Inc.*
4
81
AMERISAFE,
Inc.
6
195
Ategrity
Specialty
Holdings
LLC*
2
44
Baldwin
Insurance
Group,
Inc.
(The),
Class
a
A*
23
534
Bowhead
Specialty
Holdings,
Inc.*
6
152
Citizens,
Inc.,
Class
a
A*
14
76
CNO
Financial
Group,
Inc.
31
1,296
Crawford
&
Co.,
Class
a
A
4
43
Donegal
Group,
Inc.,
Class
a
A
8
141
eHealth,
Inc.*
8
10
Employers
Holdings,
Inc.
7
289
F&G
Annuities
&
Life,
Inc.
12
272
Fidelis
Insurance
Holdings
Ltd.
20
381
Genworth
Financial,
Inc.,
Class
a
A*
132
1,114
Goosehead
Insurance,
Inc.,
Class
a
A*
8
434
Greenlight
Capital
Re
Ltd.,
Class
a
A*
8
113
Hamilton
Insurance
Group
Ltd.,
Class
a
B*
15
474
HCI
Group,
Inc.
4
706
Heritage
Insurance
Holdings,
Inc.*
8
223
Hippo
Holdings,
Inc.*
6
173
Horace
Mann
Educators
Corp.
13
566
James
River
Group
Holdings,
Inc.
11
77
Kingstone
Cos.,
Inc.
5
82
Kingsway
Financial
Services,
Inc.*
6
73
Lemonade,
Inc.*
20
1,035
MBIA,
Inc.*
14
92
Mercury
General
Corp.
8
725
Octave
Specialty
Group,
Inc.*
12
64
Oscar
Health,
Inc.,
Class
a
A*
65
887
Palomar
Holdings,
Inc.*
8
990
ProAssurance
Corp.*
17
417
Root,
Inc.,
Class
a
A*
4
208
Safety
Insurance
Group,
Inc.
5
388
Selective
Insurance
Group,
Inc.
20
1,681
Selectquote,
Inc.*
46
40
SiriusPoint
Ltd.*
32
676
Investments
Shares
Value
Common
Stocks
(continued)
Skyward
Specialty
Insurance
Group,
Inc.*
12
$
558
Slide
Insurance
Holdings,
Inc.*
9
171
Stewart
Information
Services
Corp.
8
568
Tiptree,
Inc.,
Class
a
A
9
153
Trupanion,
Inc.*
12
318
United
Fire
Group,
Inc.
7
272
Universal
Insurance
Holdings,
Inc.
8
281
17,272
Interactive
Media
&
Services
—
0.3%
Angi,
Inc.,
Class
a
A*
11
86
Arena
Group
Holdings,
Inc.
(The)*
3
9
Bumble,
Inc.,
Class
a
A*
23
70
Cargurus,
Inc.,
Class
a
A*
26
798
Cars.com,
Inc.*
17
145
EverQuote,
Inc.,
Class
a
A*
8
127
fuboTV,
Inc.*
109
128
Getty
Images
Holdings,
Inc.*
36
28
Grindr,
Inc.*
10
114
MediaAlpha,
Inc.,
Class
a
A*
11
109
Nextdoor
Holdings,
Inc.*
69
121
QuinStreet,
Inc.*
17
199
Rumble,
Inc.*
35
189
Shutterstock,
Inc.
8
134
Teads
Holding
Co.*
11
10
TripAdvisor,
Inc.*
38
384
Webtoon
Entertainment,
Inc.*
5
56
Yelp,
Inc.,
Class
a
A*
22
490
Ziff
Davis,
Inc.*
13
352
ZipRecruiter,
Inc.,
Class
a
A*
19
34
3,583
IT
Services
—
0.5%
Applied
Digital
Corp.*
76
2,073
ASGN,
Inc.*
14
601
Backblaze,
Inc.,
Class
a
A*
17
64
BigBear.ai
Holdings,
Inc.*
141
558
Commerce.com,
Inc.,
Series
1*
21
59
Crexendo,
Inc.*
5
29
DigitalOcean
Holdings,
Inc.*
22
1,233
Fastly,
Inc.,
Class
a
A*
44
841
Grid
Dynamics
Holdings,
Inc.*
21
142
Hackett
Group,
Inc.
(The)
7
96
Information
Services
Group,
Inc.
9
43
Rackspace
Technology,
Inc.*
24
47
TSS,
Inc.*
6
62
Tucows,
Inc.,
Class
a
A*
2
36
Unisys
Corp.*
21
51
VTEX,
Class
a
A*
17
58
Whitefiber,
Inc.*
7
118
6,111
Leisure
Products
—
0.4%
Acushnet
Holdings
Corp.
8
819
American
Outdoor
Brands,
Inc.*
3
27
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
100
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Callaway
Golf
Co.*
42
$
590
Clarus
Corp.
8
25
Escalade,
Inc.
3
43
Funko,
Inc.,
Class
a
A*
12
60
JAKKS
Pacific,
Inc.
3
66
Johnson
Outdoors,
Inc.,
Class
a
A
2
97
Latham
Group,
Inc.*
14
94
Malibu
Boats,
Inc.,
Class
a
A*
6
174
Marine
Products
Corp.
2
15
MasterCraft
Boat
Holdings,
Inc.*
5
109
Peloton
Interactive,
Inc.,
Class
a
A*
128
515
Polaris,
Inc.
17
1,033
Smith
&
Wesson
Brands,
Inc.
13
155
Sturm
Ruger
&
Co.,
Inc.
5
187
4,009
Life
Sciences
Tools
&
Services
—
0.4%
10X
Genomics,
Inc.,
Class
a
A*
35
807
Adaptive
Biotechnologies
Corp.*
48
769
Alpha
Teknova,
Inc.*
3
8
Atlantic
International
Corp.*
2
6
Azenta,
Inc.*
13
351
BioLife
Solutions,
Inc.*
13
314
Codexis,
Inc.*
27
27
CryoPort,
Inc.*
15
126
Cytek
Biosciences,
Inc.*
39
175
Fortrea
Holdings,
Inc.*
29
311
Ginkgo
Bioworks
Holdings,
Inc.*
13
88
Lifecore
Biomedical,
Inc.*
8
58
Maravai
LifeSciences
Holdings,
Inc.,
Class
a
A*
36
128
MaxCyte,
Inc.*
32
26
Mesa
Laboratories,
Inc.
2
193
OmniAb,
Inc.*
33
57
Pacific
Biosciences
of
California,
Inc.*
88
148
Personalis,
Inc.*
15
136
Quanterix
Corp.*
13
85
Quantum-Si,
Inc.*
50
48
Standard
BioTools,
Inc.*
95
107
3,968
Machinery
—
3.6%
3D
Systems
Corp.*
42
81
Aebi
Schmidt
Holding
AG
11
159
AirJoule
Technologies
Corp.*
7
23
Alamo
Group,
Inc.
3
641
Albany
International
Corp.,
Class
a
A
10
576
Alliance
Laundry
Holdings,
Inc.*
15
336
Astec
Industries,
Inc.
7
435
Atmus
Filtration
Technologies,
Inc.
26
1,678
Blue
Bird
Corp.*
10
583
CECO
Environmental
Corp.*
10
604
Investments
Shares
Value
Common
Stocks
(continued)
Chart
Industries,
Inc.*
15
$
3,109
Columbus
McKinnon
Corp.
11
209
Douglas
Dynamics,
Inc.
7
321
Eastern
Co.
(The)
2
37
Energy
Recovery,
Inc.*
16
167
Enerpac
Tool
Group
Corp.,
Class
a
A
17
694
Enpro,
Inc.
7
1,811
ESCO
Technologies,
Inc.
8
2,218
Federal
Signal
Corp.
20
2,329
Franklin
Electric
Co.,
Inc.
13
1,295
Gencor
Industries,
Inc.*
3
47
Gorman-Rupp
Co.
(The)
7
450
Graham
Corp.*
3
244
Greenbrier
Cos.,
Inc.
(The)
10
564
Helios
Technologies,
Inc.
11
785
Hillman
Solutions
Corp.*
62
508
Hyster-Yale,
Inc.
4
147
JBT
Marel
Corp.
17
2,618
Kadant,
Inc.
4
1,357
Kennametal,
Inc.
24
967
L
B
Foster
Co.,
Class
a
A*
3
92
Lindsay
Corp.
4
539
Luxfer
Holdings
plc
8
103
Manitowoc
Co.,
Inc.
(The)*
10
147
Mayville
Engineering
Co.,
Inc.*
4
84
Microvast
Holdings,
Inc.*
62
139
Miller
Industries,
Inc.
4
168
Mueller
Water
Products,
Inc.,
Class
a
A
50
1,496
Omega
Flex,
Inc.
1
36
Palladyne
AI
Corp.(a)
8
56
Park-Ohio
Holdings
Corp.
3
77
Proto
Labs,
Inc.*
8
497
Richtech
Robotics,
Inc.,
Class
a
B*
50
124
SPX
Technologies,
Inc.*
16
3,631
Standex
International
Corp.
4
1,048
Tennant
Co.
6
366
Terex
Corp.
39
2,683
Titan
International,
Inc.*
16
156
Trinity
Industries,
Inc.
25
854
Wabash
National
Corp.
12
122
Watts
Water
Technologies,
Inc.,
Class
a
A
8
2,630
Worthington
Enterprises,
Inc.
10
560
40,601
Marine
Transportation
—
0.2%
Costamare
Bulkers
Holdings
Ltd.*
3
57
Costamare,
Inc.
13
228
Genco
Shipping
&
Trading
Ltd.
10
241
Himalaya
Shipping
Ltd.
8
118
Matson,
Inc.
10
1,661
Pangaea
Logistics
Solutions
Ltd.
9
84
Safe
Bulkers,
Inc.
16
105
2,494
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
101
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Media
—
0.9%
Advantage
Solutions,
Inc.*
29
$
15
AMC
Networks,
Inc.,
Class
a
A*
8
65
Boston
Omaha
Corp.,
Class
a
A*
6
74
Cable
One,
Inc.*
2
192
EchoStar
Corp.,
Class
a
A*
45
5,199
Emerald
Holding,
Inc.
4
17
Entravision
Communications
Corp.,
Class
a
A
19
59
EW
Scripps
Co.
(The),
Class
a
A*
20
83
Gambling.com
Group
Ltd.*
5
22
Gray
Media,
Inc.
27
140
Ibotta,
Inc.,
Class
a
A*
5
125
iHeartMedia,
Inc.,
Class
a
A*
41
134
John
Wiley
&
Sons,
Inc.,
Class
a
A
13
403
Magnite,
Inc.*
46
627
National
CineMedia,
Inc.
21
75
Newsmax,
Inc.,
Class
a
B*
14
83
Nexxen
International
Ltd.*
9
58
Optimum
Communications,
Inc.,
Class
a
A*
82
118
PubMatic,
Inc.,
Class
a
A*
11
89
Scholastic
Corp.
7
243
Sinclair,
Inc.
12
196
Stagwell,
Inc.,
Class
a
A*
36
173
TechTarget,
Inc.*
8
28
TEGNA,
Inc.
51
1,068
Thryv
Holdings,
Inc.*
11
26
USA
Today
Co.,
Inc.*
46
274
9,586
Metals
&
Mining
—
2.6%
Alpha
Metallurgical
Resources,
Inc.*
4
651
American
Battery
Technology
Co.*
38
140
Caledonia
Mining
Corp.
plc
5
159
Century
Aluminum
Co.*
17
877
Coeur
Mining,
Inc.*
207
5,620
Commercial
Metals
Co.
38
2,785
Compass
Minerals
International,
Inc.*
11
277
Constellium
SE,
Class
a
A*
43
1,070
Contango
ORE,
Inc.*
4
120
Critical
Metals
Corp.*
15
152
Dakota
Gold
Corp.*
27
188
Ferroglobe
plc
40
204
Friedman
Industries,
Inc.
2
37
Hecla
Mining
Co.
206
5,132
Idaho
Strategic
Resources,
Inc.*
5
215
Ivanhoe
Electric,
Inc.*
34
585
Kaiser
Aluminum
Corp.
5
651
Lifezone
Metals
Ltd.*
8
37
Materion
Corp.
7
1,141
Metallus,
Inc.*
13
221
NioCorp
Developments
Ltd.*
35
186
Novagold
Resources,
Inc.*
97
1,292
Perpetua
Resources
Corp.*
27
995
Investments
Shares
Value
Common
Stocks
(continued)
Ramaco
Resources,
Inc.,
Class
a
A*
13
$
197
Ryerson
Holding
Corp.
14
366
SSR
Mining,
Inc.*
65
2,092
SunCoke
Energy,
Inc.
26
148
Tredegar
Corp.*
8
74
United
States
Antimony
Corp.*
40
358
US
Gold
Corp.*
3
65
USA
Rare
Earth,
Inc.*
28
529
Vox
Royalty
Corp.
18
116
Warrior
Met
Coal,
Inc.
17
1,415
Worthington
Steel,
Inc.
11
457
28,552
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.7%
ACRES
Commercial
Realty
Corp.*
2
37
Adamas
Trust,
Inc.
27
222
Angel
Oak
Mortgage
REIT,
Inc.
3
26
Apollo
Commercial
Real
Estate
Finance,
Inc.
47
498
Arbor
Realty
Trust,
Inc.(a)
60
476
Ares
Commercial
Real
Estate
Corp.
16
80
ARMOUR
Residential
REIT,
Inc.(a)
36
646
Blackstone
Mortgage
Trust,
Inc.,
Class
a
A
51
980
BrightSpire
Capital,
Inc.,
Class
a
A
42
244
Chicago
Atlantic
Real
Estate
Finance,
Inc.
5
61
Chimera
Investment
Corp.
26
354
Claros
Mortgage
Trust,
Inc.*
28
67
Dynex
Capital,
Inc.
47
659
Ellington
Financial,
Inc.
31
385
Franklin
BSP
Realty
Trust,
Inc.
26
237
Invesco
Mortgage
Capital,
Inc.
22
185
KKR
Real
Estate
Finance
Trust,
Inc.
17
118
Ladder
Capital
Corp.,
Class
a
A
38
394
Lument
Finance
Trust,
Inc.
14
19
MFA
Financial,
Inc.
33
334
Orchid
Island
Capital,
Inc.
50
372
PennyMac
Mortgage
Investment
Trust
27
331
Ready
Capital
Corp.
49
91
Redwood
Trust,
Inc.
42
254
Rithm
Property
Trust,
Inc.
1
15
Seven
Hills
Realty
Trust
6
51
Sunrise
Realty
Trust,
Inc.
2
19
TPG
Mortgage
Investment
Trust,
Inc.
8
65
TPG
RE
Finance
Trust,
Inc.
21
178
Two
Harbors
Investment
Corp.
33
341
7,739
Multi-Utilities
—
0.4%
Avista
Corp.
26
1,056
Black
Hills
Corp.
24
1,768
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
102
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Northwestern
Energy
Group,
Inc.
20
$
1,399
Unitil
Corp.
6
314
4,537
Office
REITs
—
0.4%
Brandywine
Realty
Trust,
REIT
54
172
COPT
Defense
Properties,
REIT
39
1,239
Douglas
Emmett,
Inc.,
REIT
51
504
Easterly
Government
Properties,
Inc.,
Class
a
A,
REIT
14
326
Empire
State
Realty
Trust,
Inc.,
Class
a
A,
REIT
46
271
Franklin
Street
Properties
Corp.,
REIT
24
20
Hudson
Pacific
Properties,
Inc.,
REIT*
16
116
JBG
SMITH
Properties,
REIT
19
289
NET
Lease
Office
Properties,
REIT
5
68
Peakstone
Realty
Trust,
REIT
13
271
Piedmont
Realty
Trust,
Inc.,
Class
a
A,
REIT*
42
319
Postal
Realty
Trust,
Inc.,
Class
a
A,
REIT
8
166
SL
Green
Realty
Corp.,
REIT
23
848
4,609
Oil,
Gas
&
Consumable
Fuels
—
3.1%
Ardmore
Shipping
Corp.
10
164
BKV
Corp.*
7
219
California
Resources
Corp.
24
1,412
Calumet,
Inc.*
22
593
Centrus
Energy
Corp.,
Class
a
A*
5
1,013
Clean
Energy
Fuels
Corp.*
55
124
CNX
Resources
Corp.*
44
1,838
Comstock
Resources,
Inc.*
24
471
Core
Natural
Resources,
Inc.
17
1,395
Crescent
Energy
Co.,
Class
a
A
75
875
CVR
Energy,
Inc.*
10
242
Delek
US
Holdings,
Inc.
19
724
DHT
Holdings,
Inc.
43
838
Diversified
Energy
Co.
20
275
Dorian
LPG
Ltd.
12
444
Empire
Petroleum
Corp.*
4
13
Encore
Energy
Corp.*
58
157
Energy
Fuels,
Inc.*
73
1,556
Epsilon
Energy
Ltd.
5
26
Evolution
Petroleum
Corp.
8
36
Excelerate
Energy,
Inc.,
Class
a
A
8
322
FLEX
LNG
Ltd.
10
273
FutureFuel
Corp.
7
30
Gevo,
Inc.*
73
133
Golar
LNG
Ltd.
32
1,423
Granite
Ridge
Resources,
Inc.
17
86
Green
Plains,
Inc.*
21
288
Gulfport
Energy
Corp.*
5
1,043
HighPeak
Energy,
Inc.
6
31
Infinity
Natural
Resources,
Inc.,
Class
a
A*
6
100
Investments
Shares
Value
Common
Stocks
(continued)
International
Seaways,
Inc.
13
$
982
Kinetik
Holdings,
Inc.,
Class
a
A
14
637
Kolibri
Global
Energy,
Inc.*
8
31
Kosmos
Energy
Ltd.*
151
352
Lightbridge
Corp.*
8
103
Magnolia
Oil
&
Gas
Corp.,
Class
a
A
58
1,614
Murphy
Oil
Corp.
45
1,492
NACCO
Industries,
Inc.,
Class
a
A
1
57
Navigator
Holdings
Ltd.
12
252
New
Fortress
Energy,
Inc.(a)
55
60
NextDecade
Corp.*
44
237
NextNRG,
Inc.*
11
7
Nordic
American
Tankers
Ltd.
64
367
Northern
Oil
&
Gas,
Inc.
33
910
OPAL
Fuels,
Inc.,
Class
a
A*
6
13
Par
Pacific
Holdings,
Inc.*
16
683
PBF
Energy,
Inc.,
Class
a
A
26
926
Peabody
Energy
Corp.
42
1,325
Prairie
Operating
Co.*
8
14
REX
American
Resources
Corp.*
8
285
Riley
Exploration
Permian,
Inc.
5
144
Sable
Offshore
Corp.*
24
198
SandRidge
Energy,
Inc.
11
193
Scorpio
Tankers,
Inc.
15
1,186
SFL
Corp.
Ltd.
41
451
SM
Energy
Co.
79
1,827
Summit
Midstream
Corp.*
3
89
Talos
Energy,
Inc.*
43
527
Teekay
Corp.
Ltd.
16
207
Teekay
Tankers
Ltd.,
Class
a
A
8
626
Uranium
Energy
Corp.*
155
2,376
VAALCO
Energy,
Inc.
33
170
Vitesse
Energy,
Inc.
11
212
W&T
Offshore,
Inc.
31
82
World
Kinect
Corp.
18
449
XCF
Global,
Inc.,
Class
a
A*
9
2
35,230
Paper
&
Forest
Products
—
0.1%
Clearwater
Paper
Corp.*
5
75
Magnera
Corp.*
9
117
Sylvamo
Corp.
11
509
701
Passenger
Airlines
—
0.4%
Allegiant
Travel
Co.*
5
511
Frontier
Group
Holdings,
Inc.*
26
115
JetBlue
Airways
Corp.*
94
521
Joby
Aviation,
Inc.*
164
1,650
SkyWest,
Inc.*
13
1,353
Sun
Country
Airlines
Holdings,
Inc.*
19
374
4,524
Personal
Care
Products
—
0.2%
Beauty
Health
Co.
(The)*
38
39
Edgewell
Personal
Care
Co.
16
364
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
103
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Herbalife
Ltd.*
32
$
625
Honest
Co.,
Inc.
(The)*
28
78
Interparfums,
Inc.
6
605
Lifevantage
Corp.
2
9
Medifast,
Inc.*
3
32
Nature's
Sunshine
Products,
Inc.*
5
138
Niagen
Bioscience,
Inc.*
16
81
Nu
Skin
Enterprises,
Inc.,
Class
a
A
15
127
Olaplex
Holdings,
Inc.*
46
74
USANA
Health
Sciences,
Inc.*
4
86
Waldencast
plc,
Class
a
A*
13
22
2,280
Pharmaceuticals
—
2.1%
Aardvark
Therapeutics,
Inc.*
3
37
Aclaris
Therapeutics,
Inc.*
28
80
Alumis,
Inc.*
18
534
Amneal
Pharmaceuticals,
Inc.*
48
663
Amphastar
Pharmaceuticals,
Inc.*
13
263
Amylyx
Pharmaceuticals,
Inc.*
28
425
ANI
Pharmaceuticals,
Inc.*
6
443
Aquestive
Therapeutics,
Inc.*
33
132
Arvinas,
Inc.*
20
265
Atea
Pharmaceuticals,
Inc.*
22
103
Atrium
Therapeutics,
Inc.*
5
72
Axsome
Therapeutics,
Inc.*
13
2,131
BioAge
Labs,
Inc.*
9
200
Biote
Corp.,
Class
a
A*
8
17
Collegium
Pharmaceutical,
Inc.*
10
417
CorMedix,
Inc.*
23
164
Crinetics
Pharmaceuticals,
Inc.*
32
1,315
Definium
Therapeutics,
Inc.*
30
524
Edgewise
Therapeutics,
Inc.*
22
670
Enliven
Therapeutics,
Inc.*
13
386
Esperion
Therapeutics,
Inc.*
74
248
Eton
Pharmaceuticals,
Inc.*
9
153
Evolus,
Inc.*
16
69
EyePoint,
Inc.*
24
421
Fulcrum
Therapeutics,
Inc.*
13
109
Harmony
Biosciences
Holdings,
Inc.*
14
400
Harrow,
Inc.*
10
542
Indivior
Pharmaceuticals,
Inc.*
42
1,374
Innoviva,
Inc.*
23
528
Journey
Medical
Corp.*
4
33
LB
Pharmaceuticals,
Inc.*
6
144
LENZ
Therapeutics,
Inc.(a)
4
54
Ligand
Pharmaceuticals,
Inc.*
6
1,190
Liquidia
Corp.*
21
651
Maze
Therapeutics,
Inc.*
7
319
MBX
Biosciences,
Inc.*
8
260
MediWound
Ltd.*
6
104
Nuvation
Bio,
Inc.*
76
449
Ocular
Therapeutix,
Inc.*
59
527
Omeros
Corp.*
20
241
Pacira
BioSciences,
Inc.*
16
351
Phathom
Pharmaceuticals,
Inc.*
12
151
Investments
Shares
Value
Common
Stocks
(continued)
Phibro
Animal
Health
Corp.,
Class
a
A
7
$
382
Prestige
Consumer
Healthcare,
Inc.*
16
1,109
Rapport
Therapeutics,
Inc.*
8
232
Septerna,
Inc.*
7
203
SIGA
Technologies,
Inc.
12
78
Supernus
Pharmaceuticals,
Inc.*
18
985
Tarsus
Pharmaceuticals,
Inc.*
13
982
Terns
Pharmaceuticals,
Inc.*
27
1,137
Theravance
Biopharma,
Inc.*
14
256
Third
Harmonic
Bio,
Inc.*‡
59
—
Trevi
Therapeutics,
Inc.*
29
346
WaVe
Life
Sciences
Ltd.*
36
501
Xeris
Biopharma
Holdings,
Inc.*
50
306
Zevra
Therapeutics,
Inc.*
17
152
23,828
Professional
Services
—
1.2%
Alight,
Inc.,
Class
a
A
139
122
Asure
Software,
Inc.*
7
64
Barrett
Business
Services,
Inc.
8
222
BlackSky
Technology,
Inc.*
12
226
CBIZ,
Inc.*
16
458
Conduent,
Inc.*
47
69
CRA
International,
Inc.
2
345
CSG
Systems
International,
Inc.
8
639
Exponent,
Inc.
17
1,237
Falcon's
Beyond
Global,
Inc.,
Class
a
A(a)
4
26
First
Advantage
Corp.*
25
288
Forrester
Research,
Inc.*
3
18
Franklin
Covey
Co.*
4
52
Huron
Consulting
Group,
Inc.*
6
848
IBEX
Holdings
Ltd.*
3
87
ICF
International,
Inc.
6
499
Innodata,
Inc.*
10
442
Insperity,
Inc.
12
267
Kelly
Services,
Inc.,
Class
a
A
9
87
Kforce,
Inc.
6
162
Korn
Ferry
17
1,065
Legalzoom.com,
Inc.*
42
295
Maximus,
Inc.
18
1,361
Mistras
Group,
Inc.*
4
61
Planet
Labs
PBC*
76
1,835
RCM
Technologies,
Inc.*
2
38
Resolute
Holdings
Management,
Inc.*
1
169
Resources
Connection,
Inc.
8
30
Spire
Global,
Inc.*
8
71
TIC
Solutions,
Inc.*
63
597
TriNet
Group,
Inc.
10
381
TrueBlue,
Inc.*
8
34
TTEC
Holdings,
Inc.*
6
15
Upwork,
Inc.*
39
523
Verra
Mobility
Corp.,
Class
a
A*
51
852
Willdan
Group,
Inc.*
5
446
13,931
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
104
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Real
Estate
Management
&
Development
—
0.6%
Compass,
Inc.,
Class
a
A*
207
$
2,018
Cushman
&
Wakefield
Ltd.*
76
1,019
Douglas
Elliman,
Inc.*
23
52
eXp
World
Holdings,
Inc.
27
188
Forestar
Group,
Inc.*
6
172
FRP
Holdings,
Inc.*
4
96
Kennedy-Wilson
Holdings,
Inc.
40
435
Marcus
&
Millichap,
Inc.
8
211
Maui
Land
&
Pineapple
Co.,
Inc.*
4
66
Newmark
Group,
Inc.,
Class
a
A
47
683
RE/MAX
Holdings,
Inc.,
Class
a
A*
5
32
Real
Brokerage,
Inc.
(The)*
43
114
RMR
Group,
Inc.
(The),
Class
a
A
6
98
Seaport
Entertainment
Group,
Inc.*
2
47
St
Joe
Co.
(The)
12
866
Stratus
Properties,
Inc.*
2
61
Tejon
Ranch
Co.*
8
141
Transcontinental
Realty
Investors,
Inc.*
1
37
6,336
Residential
REITs
—
0.2%
BRT
Apartments
Corp.,
REIT
4
59
Centerspace,
REIT
5
314
Clipper
Realty,
Inc.,
REIT
4
12
Independence
Realty
Trust,
Inc.,
REIT
79
1,309
NexPoint
Residential
Trust,
Inc.,
REIT
7
197
UMH
Properties,
Inc.,
REIT
25
377
Veris
Residential,
Inc.,
REIT
23
434
2,702
Retail
REITs
—
1.1%
Acadia
Realty
Trust,
REIT
41
858
Alexander's,
Inc.,
REIT
1
235
CBL
&
Associates
Properties,
Inc.,
REIT
6
227
Curbline
Properties
Corp.,
REIT
34
946
FrontView
REIT,
Inc.
6
99
Getty
Realty
Corp.,
REIT
18
591
InvenTrust
Properties
Corp.,
REIT
24
749
Kite
Realty
Group
Trust,
REIT
70
1,823
Macerich
Co.
(The),
REIT
84
1,719
NETSTREIT
Corp.,
REIT(a)
26
540
Phillips
Edison
&
Co.,
Inc.,
REIT
42
1,650
Saul
Centers,
Inc.,
REIT
4
136
SITE
Centers
Corp.,
REIT
15
92
Tanger,
Inc.,
REIT
38
1,408
Urban
Edge
Properties,
REIT
40
850
Whitestone
REIT
14
213
12,136
Investments
Shares
Value
Common
Stocks
(continued)
Semiconductors
&
Semiconductor
Equipment
—
3.1%
ACM
Research,
Inc.,
Class
a
A*
16
$
891
Aehr
Test
Systems*
8
299
Aeluma,
Inc.*
4
62
Alpha
&
Omega
Semiconductor
Ltd.*
9
189
Ambarella,
Inc.*
13
784
Ambiq
Micro,
Inc.*
2
61
Atomera,
Inc.*
8
40
Axcelis
Technologies,
Inc.*
10
826
Blaize
Holdings,
Inc.*
24
28
CEVA,
Inc.*
9
188
Cohu,
Inc.*
15
453
Credo
Technology
Group
Holding
Ltd.*
50
5,614
Diodes,
Inc.*
15
1,024
FormFactor,
Inc.*
24
2,373
Ichor
Holdings
Ltd.*
11
523
Impinj,
Inc.*
8
981
indie
Semiconductor,
Inc.,
Class
a
A(a)
61
223
Kopin
Corp.*
55
122
Kulicke
&
Soffa
Industries,
Inc.
17
1,185
MaxLinear,
Inc.,
Class
a
A*
26
453
Navitas
Semiconductor
Corp.,
Class
a
A*
50
450
NVE
Corp.
2
138
PDF
Solutions,
Inc.*
10
338
Penguin
Solutions,
Inc.*
18
374
Photronics,
Inc.*
19
711
Power
Integrations,
Inc.
18
863
Rambus,
Inc.*
37
3,687
Rigetti
Computing,
Inc.*
104
1,812
Semtech
Corp.*
27
2,436
Silicon
Laboratories,
Inc.*
11
2,250
SiTime
Corp.*
7
2,785
SkyWater
Technology,
Inc.*
10
295
Synaptics,
Inc.*
13
1,059
Ultra
Clean
Holdings,
Inc.*
15
910
Veeco
Instruments,
Inc.*
19
581
35,008
Software
—
4.0%
8x8,
Inc.*
44
94
A10
Networks,
Inc.
23
443
ACI
Worldwide,
Inc.*
35
1,389
Adeia,
Inc.
34
703
Agilysys,
Inc.*
8
577
Airship
AI
Holdings,
Inc.*
6
16
Alarm.com
Holdings,
Inc.*
16
766
Alkami
Technology,
Inc.*
22
364
Amplitude,
Inc.,
Class
a
A*
28
204
Appian
Corp.,
Class
a
A*
13
347
Arteris,
Inc.*
9
153
Asana,
Inc.,
Class
a
A*
26
185
AudioEye,
Inc.*
2
14
AvePoint,
Inc.*
49
528
Bit
Digital,
Inc.*
103
172
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
105
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Bitdeer
Technologies
Group,
Class
a
A*
31
$
239
Blackbaud,
Inc.*
12
582
BlackLine,
Inc.*
17
599
Blend
Labs,
Inc.,
Class
a
A*
61
102
Box,
Inc.,
Class
a
A*
45
1,060
Braze,
Inc.,
Class
a
A*
27
513
C3.ai,
Inc.,
Class
a
A*
42
334
Cerence,
Inc.*
12
95
Chaince
Digital
Holdings,
Inc.*
12
70
Cipher
Digital,
Inc.*
105
1,638
Cleanspark,
Inc.*
88
876
Clear
Secure,
Inc.,
Class
a
A
27
1,313
Clearwater
Analytics
Holdings,
Inc.,
Class
a
A*
92
2,152
Commvault
Systems,
Inc.*
15
1,276
Consensus
Cloud
Solutions,
Inc.*
6
181
Core
Scientific,
Inc.*
95
1,612
CS
Disco,
Inc.*
7
23
Digimarc
Corp.*
4
18
Digital
Turbine,
Inc.*
35
142
Domo,
Inc.,
Class
a
B*
9
32
D-Wave
Quantum,
Inc.*
109
2,047
eGain
Corp.*
4
37
EverCommerce,
Inc.*
4
46
Expensify,
Inc.,
Class
a
A*
18
17
Five9,
Inc.*
24
419
Freshworks,
Inc.,
Class
a
A*
62
485
Hut
8
Corp.*
31
1,650
I3
Verticals,
Inc.,
Class
a
A*
9
201
Intapp,
Inc.*
21
471
InterDigital,
Inc.
8
2,932
Kaltura,
Inc.*
27
38
Life360,
Inc.*
7
369
LiveRamp
Holdings,
Inc.*
21
571
MARA
Holdings,
Inc.*
120
1,073
Mitek
Systems,
Inc.*
14
204
N-able,
Inc.*
23
101
NCR
Voyix
Corp.*
46
351
NextNav,
Inc.*
30
483
ON24,
Inc.*
11
88
OneSpan,
Inc.
11
121
Ooma,
Inc.*
7
87
Pagaya
Technologies
Ltd.,
Class
a
A*
17
190
PagerDuty,
Inc.*
27
191
PAR
Technology
Corp.*
15
246
Porch
Group,
Inc.*
26
213
Progress
Software
Corp.*
14
586
Q2
Holdings,
Inc.*
20
962
Qualys,
Inc.*
12
1,110
Rapid7,
Inc.*
20
124
Red
Violet,
Inc.*
4
173
ReposiTrak,
Inc.
3
26
Rezolve
AI
plc*
55
128
Rimini
Street,
Inc.*
15
56
Riot
Platforms,
Inc.*
111
1,808
SEMrush
Holdings,
Inc.,
Class
a
A*
17
201
Investments
Shares
Value
Common
Stocks
(continued)
Silvaco
Group,
Inc.*
2
$
7
SoundHound
AI,
Inc.,
Class
a
A(a)
122
1,049
SoundThinking,
Inc.*
2
15
Sprinklr,
Inc.,
Class
a
A*
38
221
Sprout
Social,
Inc.,
Class
a
A*
16
103
SPS
Commerce,
Inc.*
12
678
Telos
Corp.*
16
64
Tenable
Holdings,
Inc.*
39
750
Terawulf,
Inc.(a)
99
1,606
Varonis
Systems,
Inc.,
Class
a
B*
38
878
Vertex,
Inc.,
Class
a
A*
22
319
Via
Transportation,
Inc.,
Class
a
A*
5
86
Viant
Technology,
Inc.,
Class
a
A*
4
41
Weave
Communications,
Inc.*
19
96
WM
Technology,
Inc.*
27
18
Workiva,
Inc.,
Class
a
A*
16
985
Xperi,
Inc.*
14
86
Yext,
Inc.*
32
182
Zeta
Global
Holdings
Corp.,
Class
a
A*
61
1,034
44,835
Specialized
REITs
—
0.3%
Farmland
Partners,
Inc.,
REIT
12
156
Four
Corners
Property
Trust,
Inc.,
REIT
36
919
Gladstone
Land
Corp.,
REIT
10
123
Outfront
Media,
Inc.,
REIT
47
1,354
Safehold,
Inc.,
REIT
17
274
Smartstop
Self
Storage
REIT,
Inc.,
REIT
10
334
3,160
Specialty
Retail
—
1.8%
1-800-Flowers.com,
Inc.,
Class
a
A*
7
24
Abercrombie
&
Fitch
Co.,
Class
a
A*
15
1,467
Academy
Sports
&
Outdoors,
Inc.
22
1,323
Advance
Auto
Parts,
Inc.
20
1,064
American
Eagle
Outfitters,
Inc.
51
1,253
America's
Car-Mart,
Inc.*
2
40
Arhaus,
Inc.,
Class
a
A*
16
132
Arko
Corp.
24
154
Asbury
Automotive
Group,
Inc.*
6
1,283
BARK,
Inc.*
28
22
Barnes
&
Noble
Education,
Inc.*
4
35
Bed
Bath
&
Beyond,
Inc.*
21
112
Boot
Barn
Holdings,
Inc.*
10
1,892
Buckle,
Inc.
(The)
10
536
Build-A-Bear
Workshop,
Inc.
4
195
Caleres,
Inc.
10
119
Camping
World
Holdings,
Inc.,
Class
a
A
19
158
Citi
Trends,
Inc.*
2
95
Designer
Brands,
Inc.,
Class
a
A
9
64
EVgo,
Inc.,
Class
a
A*
42
115
Genesco,
Inc.*
3
82
RUSSELL
2000
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
106
RB
::
Investments
Shares
Value
Common
Stocks
(continued)
Group
1
Automotive,
Inc.
4
$
1,303
Haverty
Furniture
Cos.,
Inc.
4
95
J
Jill,
Inc.
4
69
Lands'
End,
Inc.*
5
80
MarineMax,
Inc.*
6
183
Monro,
Inc.
10
215
National
Vision
Holdings,
Inc.*
26
701
OneWater
Marine,
Inc.,
Class
a
A*
3
34
Outdoor
Holding
Co.*
26
55
Petco
Health
&
Wellness
Co.,
Inc.,
Class
a
A*
24
61
RealReal,
Inc.
(The)*
32
392
Revolve
Group,
Inc.,
Class
a
A*
13
327
Sally
Beauty
Holdings,
Inc.*
31
498
Shoe
Carnival,
Inc.
6
121
Signet
Jewelers
Ltd.
13
1,251
Sleep
Number
Corp.*
5
31
Sonic
Automotive,
Inc.,
Class
a
A
5
314
Stitch
Fix,
Inc.,
Class
a
A*
36
120
ThredUp,
Inc.,
Class
a
A*
31
151
Torrid
Holdings,
Inc.*
9
9
Upbound
Group,
Inc.
19
408
Urban
Outfitters,
Inc.*
20
1,324
Victoria's
Secret
&
Co.*
23
1,442
Warby
Parker,
Inc.,
Class
a
A*
32
800
Winmark
Corp.
1
456
Zumiez,
Inc.*
4
105
20,710
Technology
Hardware,
Storage
&
Peripherals
—
0.6%
Corsair
Gaming,
Inc.*
14
77
Diebold
Nixdorf,
Inc.*
8
640
Eastman
Kodak
Co.*
15
110
GPGI,
Inc.,
Class
a
A
21
471
Immersion
Corp.
8
49
IonQ,
Inc.*
110
4,221
Quantum
Computing,
Inc.*
63
530
Turtle
Beach
Corp.*
4
50
Xerox
Holdings
Corp.
39
70
6,218
Textiles,
Apparel
&
Luxury
Goods
—
0.5%
Capri
Holdings
Ltd.*
37
759
Carter's,
Inc.
12
403
Ermenegildo
Zegna
NV
19
214
Figs,
Inc.,
Class
a
A*
28
432
G-III
Apparel
Group
Ltd.
12
367
Kontoor
Brands,
Inc.
18
1,174
Lakeland
Industries,
Inc.
2
18
Movado
Group,
Inc.
5
125
Oxford
Industries,
Inc.
5
198
Rocky
Brands,
Inc.
2
90
Steven
Madden
Ltd.
23
830
Superior
Group
of
Cos.,
Inc.
3
30
Wolverine
World
Wide,
Inc.
25
442
5,082
Tobacco
—
0.1%
Ispire
Technology,
Inc.*
5
12
Turning
Point
Brands,
Inc.
6
822
Investments
Shares
Value
Common
Stocks
(continued)
Universal
Corp.
8
$
430
1,264
Trading
Companies
&
Distributors
—
1.0%
Alta
Equipment
Group,
Inc.
5
34
BlueLinx
Holdings,
Inc.*
2
132
Boise
Cascade
Co.
12
993
Custom
Truck
One
Source,
Inc.*
19
136
Distribution
Solutions
Group,
Inc.*
3
90
DNOW,
Inc.*
62
730
DXP
Enterprises,
Inc.*
4
554
EVI
Industries,
Inc.
2
39
GATX
Corp.
12
2,210
Global
Industrial
Co.
5
165
Herc
Holdings,
Inc.
11
1,538
Hudson
Technologies,
Inc.*
12
85
Karat
Packaging,
Inc.
3
74
McGrath
RentCorp
8
888
NPK
International,
Inc.*
26
375
Rush
Enterprises,
Inc.,
Class
a
A
20
1,419
Rush
Enterprises,
Inc.,
Class
a
B
3
194
Titan
Machinery,
Inc.*
9
175
Transcat,
Inc.*
3
234
Willis
Lease
Finance
Corp.
1
204
Xometry,
Inc.,
Class
a
A*
14
574
10,843
Transportation
Infrastructure
—
0.0%(c)
Sky
Harbour
Group
Corp.*
6
53
Water
Utilities
—
0.3%
American
States
Water
Co.
13
969
Cadiz,
Inc.*
17
88
California
Water
Service
Group
19
857
Consolidated
Water
Co.
Ltd.
5
189
Global
Water
Resources,
Inc.
3
28
H2O
America
11
592
Middlesex
Water
Co.
6
324
Pure
Cycle
Corp.*
6
63
York
Water
Co.
(The)
5
164
3,274
Wireless
Telecommunication
Services
—
0.1%
Gogo,
Inc.*
24
101
Spok
Holdings,
Inc.
6
73
Telephone
and
Data
Systems,
Inc.
32
1,432
1,606
Total
Common
Stocks
(Cost
$934,526)
989,791
Number
of
Rights
Rights
—
0
.0
%
(c)
Oil,
Gas
&
Consumable
Fuels
—
0.0%
(c)
Empire
Petroleum
Corp.,
expiring
3/18/2026*
(Cost
$–)
4
—
(d)
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
107
RB
::
Investments
Shares
Value
Securities
Lending
Reinvestments
(e)
—
0
.6
%
Investment
Companies
—
0
.6
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(f)
(Cost
$6,883)
6,883
$
6,883
Principal
Amount
Short-Term
Investments
—
11
.2
%
Repurchase
Agreements
(g)
—
11
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$125,743
(Cost
$125,704)
$
125,704
125,704
Total
Investments
—
100.2%
(Cost
$1,067,113)
1,122,378
Liabilities
in
excess
of
other
assets
—
(0.2%)
(
2,680
)
Net
Assets
—
100.0%
$
1,119,698
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$13,521,
collateralized
in
the
form
of
cash
with
a
value
of
$6,883
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$7,382
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.13%,
and
maturity
dates
ranging
from
March
19,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$14,265.
(b)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(c)
Represents
less
than
0.05%
of
net
assets.
(d)
Amount
less
than
one
dollar.
(e)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$6,883.
(f)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(g)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
Futures
Contracts
Purchased
Russell
2000
Dynamic
Buffer
ETF
had
the
following
open
long
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
Russell
2000
®
E-mini
Index
1
3/20/2026
U.S.
Dollar
$
131,735
$
3,055
Swap
Agreements
Russell
2000
Dynamic
Buffer
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
1,118,083
11/6/2026
Goldman
Sachs
International
N/A
Russell
2000
®
Daily
Buffer
Index
(
324,978
)
1,118,083
(
324,978
)
Total
Unrealized
Depreciation
(
324,978
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
No
financing
fee
is
paid
or
received
on
this
swap.
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
108
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
—
84
.8
%
Aerospace
&
Defense
—
1.9%
AAR
Corp.*
1,685
$
197,432
AeroVironment,
Inc.*
1,627
410,411
AerSale
Corp.*
1,383
10,787
AIRO
Group
Holdings,
Inc.*
344
3,371
Archer
Aviation,
Inc.,
Class
a
A*
27,147
193,287
Astronics
Corp.*
1,318
106,257
Byrna
Technologies,
Inc.(b)
779
9,956
Cadre
Holdings,
Inc.
1,226
54,422
Ducommun,
Inc.*
594
73,413
Eve
Holding,
Inc.*
4,120
12,360
Firefly
Aerospace,
Inc.*
926
17,844
Intuitive
Machines,
Inc.(b)
4,707
77,571
Kratos
Defense
&
Security
Solutions,
Inc.*
7,173
618,169
Mercury
Systems,
Inc.*
2,239
199,338
Moog,
Inc.,
Class
a
A
1,212
408,965
National
Presto
Industries,
Inc.
221
29,159
Park
Aerospace
Corp.
786
20,766
Red
Cat
Holdings,
Inc.*
4,405
51,318
Redwire
Corp.(b)
3,149
28,561
Satellogic,
Inc.,
Class
a
A*
3,611
10,833
V2X,
Inc.*
991
69,122
Voyager
Technologies,
Inc.,
Class
a
A*
600
16,014
VSE
Corp.
1,156
262,493
2,881,849
Air
Freight
&
Logistics
—
0.1%
Arrive
AI,
Inc.*
124
136
Forward
Air
Corp.*
925
23,393
Hub
Group,
Inc.,
Class
a
A
2,569
110,647
Radiant
Logistics,
Inc.*
1,559
11,568
145,744
Automobile
Components
—
1.0%
Adient
plc*
3,506
85,266
Cooper-Standard
Holdings,
Inc.*
728
27,984
Dana,
Inc.
5,066
173,460
Dauch
Corp.*
9,830
64,878
Dorman
Products,
Inc.*
1,189
140,136
Fox
Factory
Holding
Corp.*
1,806
30,413
Garrett
Motion,
Inc.
6,837
139,201
Gentherm,
Inc.*
1,309
42,896
Goodyear
Tire
&
Rubber
Co.
(The)*
11,875
97,969
Holley,
Inc.*
3,286
13,407
LCI
Industries
1,016
135,331
Motorcar
Parts
of
America,
Inc.*
574
5,935
Patrick
Industries,
Inc.
1,399
173,182
Phinia,
Inc.
1,637
118,895
Solid
Power,
Inc.*
6,630
23,470
Standard
Motor
Products,
Inc.
911
36,149
Strattec
Security
Corp.*
174
15,312
Visteon
Corp.
1,180
112,891
XPEL,
Inc.*(c)
1,092
46,541
1,483,316
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Automobiles
—
0.0%(d)
Faraday
Future
Intelligent
Electric,
Inc.,
Class
a
A(b)
6,141
$
3,006
Livewire
Group,
Inc.*
1,578
2,651
Winnebago
Industries,
Inc.
1,172
46,751
52,408
Banks
—
8.0%
1st
Source
Corp.
796
53,340
ACNB
Corp.
445
22,428
Amalgamated
Financial
Corp.
986
37,951
Amerant
Bancorp,
Inc.,
Class
a
A
1,572
33,562
Ameris
Bancorp
2,847
221,098
Ames
National
Corp.
381
10,291
Arrow
Financial
Corp.
700
23,317
Associated
Banc-Corp.
7,157
189,016
Atlantic
Union
Bankshares
Corp.
6,137
227,437
Avidbank
Holdings,
Inc.*
126
3,639
Axos
Financial,
Inc.*
2,341
203,246
Banc
of
California,
Inc.
5,523
102,010
BancFirst
Corp.
899
98,890
Bancorp,
Inc.
(The)*
1,823
95,689
Bank
First
Corp.
388
52,252
Bank
of
Hawaii
Corp.
1,696
128,506
Bank
of
Marin
Bancorp
633
15,755
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
1,793
90,995
Bank7
Corp.
183
7,444
BankUnited,
Inc.
3,250
151,775
Bankwell
Financial
Group,
Inc.
305
14,243
Banner
Corp.
1,465
86,215
Bar
Harbor
Bankshares
704
22,711
BayCom
Corp.
442
12,995
BCB
Bancorp,
Inc.
666
5,328
Beacon
Financial
Corp.
3,588
106,707
Blue
Foundry
Bancorp*
774
10,201
Blue
Ridge
Bankshares,
Inc.
2,898
11,766
Bridgewater
Bancshares,
Inc.*
899
16,434
Burke
&
Herbert
Financial
Services
Corp.
584
37,633
Business
First
Bancshares,
Inc.
1,226
33,470
BV
Financial,
Inc.*
349
6,519
Byline
Bancorp,
Inc.
1,350
42,120
C&F
Financial
Corp.
132
9,612
California
BanCorp
967
17,706
Camden
National
Corp.
722
33,328
Capital
Bancorp,
Inc.
501
14,734
Capital
City
Bank
Group,
Inc.
598
25,621
Capitol
Federal
Financial,
Inc.
5,302
38,068
Carter
Bankshares,
Inc.*
965
20,111
Cathay
General
Bancorp
2,861
142,220
CB
Financial
Services,
Inc.
195
6,788
Central
Pacific
Financial
Corp.
1,129
35,959
CF
Bankshares,
Inc.
201
6,074
Chain
Bridge
Bancorp,
Inc.,
Class
a
A*
95
3,277
Chemung
Financial
Corp.
178
9,883
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
109
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
ChoiceOne
Financial
Services,
Inc.
616
$
17,630
Citizens
&
Northern
Corp.
742
16,665
Citizens
Community
Bancorp,
Inc.
409
7,121
Citizens
Financial
Services,
Inc.
195
11,712
City
Holding
Co.
606
72,702
Civista
Bancshares,
Inc.
819
19,500
CNB
Financial
Corp.
1,257
35,209
Coastal
Financial
Corp.*
558
41,398
CoastalSouth
Bancshares,
Inc.
232
5,696
Colony
Bankcorp,
Inc.
730
14,476
Columbia
Financial,
Inc.*
1,168
20,907
Commercial
Bancgroup,
Inc.*
297
7,725
Community
Financial
System,
Inc.
2,276
137,812
Community
Trust
Bancorp,
Inc.
686
41,187
Community
West
Bancshares
722
16,772
ConnectOne
Bancorp,
Inc.
2,050
54,387
Customers
Bancorp,
Inc.*
1,378
92,932
CVB
Financial
Corp.
5,627
108,207
Dime
Community
Bancshares,
Inc.
1,715
55,480
Eagle
Bancorp
Montana,
Inc.
320
6,944
Eagle
Bancorp,
Inc.
1,212
30,845
Eagle
Financial
Services,
Inc.
197
6,838
Eastern
Bankshares,
Inc.
9,530
186,407
ECB
Bancorp,
Inc.*
324
5,570
Enterprise
Financial
Services
Corp.
1,578
90,104
Equity
Bancshares,
Inc.,
Class
a
A
662
29,711
Esquire
Financial
Holdings,
Inc.
313
31,607
Farmers
&
Merchants
Bancorp,
Inc.
544
14,068
Farmers
National
Banc
Corp.
1,571
20,313
FB
Bancorp,
Inc.*
766
10,088
FB
Financial
Corp.
1,783
97,512
Fidelity
D&D
Bancorp,
Inc.
203
8,902
Financial
Institutions,
Inc.
853
26,767
Finward
Bancorp
147
5,492
Finwise
Bancorp*
402
6,770
First
Bancorp
6,843
144,593
First
Bancorp
1,736
98,587
First
Bancorp,
Inc.
(The)
463
12,802
First
Bank
930
14,806
First
Busey
Corp.
3,635
92,184
First
Business
Financial
Services,
Inc.
341
18,636
First
Capital,
Inc.
141
7,163
First
Commonwealth
Financial
Corp.
4,488
78,675
First
Community
Bankshares,
Inc.
671
26,256
First
Community
Corp.
319
9,194
First
Financial
Bancorp
4,332
121,599
First
Financial
Bankshares,
Inc.
5,791
179,116
First
Financial
Corp.
489
30,983
First
Foundation,
Inc.*
2,728
16,013
First
Internet
Bancorp
334
6,774
Investments
Shares
Value
Common
Stocks
(a)
(continued)
First
Interstate
BancSystem,
Inc.,
Class
a
A
3,847
$
133,145
First
Merchants
Corp.
2,682
104,813
First
Mid
Bancshares,
Inc.
937
38,426
First
National
Corp.
336
8,921
First
United
Corp.
260
9,222
First
Western
Financial,
Inc.*
356
9,003
Firstsun
Capital
Bancorp*
541
19,730
Five
Star
Bancorp
671
26,122
Flagstar
Bank
NA
13,076
165,934
Flushing
Financial
Corp.
1,388
21,417
Franklin
Financial
Services
Corp.
179
9,215
FS
Bancorp,
Inc.
278
10,984
Fulton
Financial
Corp.
7,856
160,655
FVCBankcorp,
Inc.
663
10,237
GBank
Financial
Holdings,
Inc.
(b)
385
11,631
German
American
Bancorp,
Inc.
1,560
64,490
Glacier
Bancorp,
Inc.
5,524
251,287
Great
Southern
Bancorp,
Inc.
359
22,089
Greene
County
Bancorp,
Inc.
303
6,687
Hancock
Whitney
Corp.
3,647
240,009
Hanmi
Financial
Corp.
1,291
33,708
Hanover
Bancorp,
Inc.
196
4,053
Hawthorn
Bancshares,
Inc.
251
8,280
HBT
Financial,
Inc.
492
13,264
Heritage
Commerce
Corp.
2,577
32,032
Heritage
Financial
Corp.
1,466
38,717
Hilltop
Holdings,
Inc.
1,872
70,069
Hingham
Institution
For
Savings
(The)
70
19,538
Home
Bancorp,
Inc.
293
17,316
Home
BancShares,
Inc.
8,105
222,563
HomeTrust
Bancshares,
Inc.
688
28,992
Hope
Bancorp,
Inc.
5,323
59,937
Horizon
Bancorp,
Inc.
2,165
36,459
Independent
Bank
Corp.
2,167
169,178
Independent
Bank
Corp.
858
29,816
International
Bancshares
Corp.
2,347
157,507
Investar
Holding
Corp.
392
11,066
John
Marshall
Bancorp,
Inc.
542
10,406
Kearny
Financial
Corp.
2,464
18,850
Lakeland
Financial
Corp.
1,083
62,911
Landmark
Bancorp,
Inc.
204
5,659
LCNB
Corp.
582
9,888
LINKBANCORP,
Inc.
927
8,019
Live
Oak
Bancshares,
Inc.
1,523
55,239
MainStreet
Bancshares,
Inc.
304
6,749
Mechanics
Bancorp
2,084
29,718
Mercantile
Bank
Corp.
682
35,232
Meridian
Corp.
400
7,776
Metrocity
Bankshares,
Inc.
841
23,632
Metropolitan
Bank
Holding
Corp.
392
32,987
Mid
Penn
Bancorp,
Inc.
840
27,023
Midland
States
Bancorp,
Inc.
888
19,651
MVB
Financial
Corp.
481
12,987
National
Bank
Holdings
Corp.,
Class
a
A
1,630
65,184
National
Bankshares,
Inc.
269
10,101
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
110
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
NB
Bancorp,
Inc.
1,716
$
36,619
NBT
Bancorp,
Inc.
2,202
94,069
Nicolet
Bankshares,
Inc.
795
121,444
Northeast
Bank
321
35,592
Northeast
Community
Bancorp,
Inc.
529
12,802
Northfield
Bancorp,
Inc.
1,589
21,197
Northpointe
Bancshares,
Inc.
884
15,965
Northrim
Bancorp,
Inc.
937
22,010
Northwest
Bancshares,
Inc.
6,248
77,788
Norwood
Financial
Corp.
429
12,467
Oak
Valley
Bancorp
294
9,408
OceanFirst
Financial
Corp.
2,418
43,669
OFG
Bancorp
1,901
76,192
Ohio
Valley
Banc
Corp.
163
6,949
Old
National
Bancorp
15,070
348,117
Old
Second
Bancorp,
Inc.
2,170
42,597
OP
Bancorp
505
6,747
Orange
County
Bancorp,
Inc.
501
16,638
Origin
Bancorp,
Inc.
1,280
53,248
Orrstown
Financial
Services,
Inc.
805
28,932
Park
National
Corp.
637
104,806
Parke
Bancorp,
Inc.
429
11,952
Pathward
Financial,
Inc.
977
88,702
Patriot
National
Bancorp,
Inc.*
2,947
3,684
PCB
Bancorp
468
10,464
Peapack-Gladstone
Financial
Corp.
688
23,041
Peoples
Bancorp
of
North
Carolina,
Inc.
181
6,916
Peoples
Bancorp,
Inc.
1,499
48,373
Peoples
Financial
Services
Corp.
402
21,547
Pioneer
Bancorp,
Inc.*
473
6,674
Plumas
Bancorp
281
14,134
Ponce
Financial
Group,
Inc.*
846
13,748
Preferred
Bank
501
43,948
Primis
Financial
Corp.
905
11,955
Princeton
Bancorp,
Inc.
222
7,541
Provident
Financial
Services,
Inc.
5,542
116,604
QCR
Holdings,
Inc.
713
61,675
RBB
Bancorp
697
14,986
Red
River
Bancshares,
Inc.
211
18,716
Renasant
Corp.
4,059
152,821
Republic
Bancorp,
Inc.,
Class
a
A
360
24,840
Rhinebeck
Bancorp,
Inc.*
194
3,104
Richmond
Mutual
Bancorp,
Inc.
355
4,793
Riverview
Bancorp,
Inc.
881
4,713
S&T
Bancorp,
Inc.
1,644
68,736
SB
Financial
Group,
Inc.
248
5,148
Seacoast
Banking
Corp.
of
Florida
3,755
116,856
ServisFirst
Bancshares,
Inc.
2,219
179,761
Shore
Bancshares,
Inc.
1,326
24,637
Sierra
Bancorp
524
18,854
Simmons
First
National
Corp.,
Class
a
A
6,208
123,601
SmartFinancial,
Inc.
625
24,506
Sound
Financial
Bancorp,
Inc.
94
3,992
Investments
Shares
Value
Common
Stocks
(a)
(continued)
South
Plains
Financial,
Inc.
557
$
22,815
Southern
First
Bancshares,
Inc.*
335
18,706
Southern
Missouri
Bancorp,
Inc.
417
25,816
Southside
Bancshares,
Inc.
1,244
38,962
SR
Bancorp,
Inc.
319
5,279
Stellar
Bancorp,
Inc.
2,026
76,299
Stock
Yards
Bancorp,
Inc.
1,130
72,478
Texas
Capital
Bancshares,
Inc.*
1,956
186,407
Third
Coast
Bancshares,
Inc.*
557
22,063
Timberland
Bancorp,
Inc.
322
12,262
Tompkins
Financial
Corp.
583
44,722
Towne
Bank
3,159
108,227
TriCo
Bancshares
1,303
62,257
Triumph
Financial,
Inc.*
976
54,519
TrustCo
Bank
Corp.
802
34,783
Trustmark
Corp.
2,417
102,940
UMB
Financial
Corp.
3,128
362,473
Union
Bankshares,
Inc.
156
3,627
United
Bankshares,
Inc.
6,018
248,543
United
Community
Banks,
Inc.
5,269
169,504
United
Security
Bancshares
596
6,192
Unity
Bancorp,
Inc.
316
16,808
Univest
Financial
Corp.
1,224
41,065
USCB
Financial
Holdings,
Inc.
501
9,484
Valley
National
Bancorp
20,873
263,209
Virginia
National
Bankshares
Corp.
204
7,899
WaFd,
Inc.
3,350
104,386
Washington
Trust
Bancorp,
Inc.
820
27,626
WesBanco,
Inc.
4,075
142,095
West
Bancorp,
Inc.
649
15,803
Westamerica
Bancorp
1,044
52,879
Western
New
England
Bancorp,
Inc.
780
10,023
WSFS
Financial
Corp.
2,409
152,996
12,461,150
Beverages
—
0.1%
MGP
Ingredients,
Inc.
606
11,514
National
Beverage
Corp.*
1,035
37,622
Vita
Coco
Co.,
Inc.
(The)*
2,050
119,023
Zevia
PBC,
Class
a
A*
2,387
3,199
171,358
Biotechnology
—
7.5%
4D
Molecular
Therapeutics,
Inc.*
1,727
16,683
Abeona
Therapeutics,
Inc.(b)
1,878
9,615
Absci
Corp.(b)
5,864
16,067
ACADIA
Pharmaceuticals,
Inc.*
5,352
131,445
Actuate
Therapeutics,
Inc.*
409
1,530
ADC
Therapeutics
SA*
3,705
15,191
ADMA
Biologics,
Inc.*
9,972
155,264
Agios
Pharmaceuticals,
Inc.*
2,428
73,398
Akebia
Therapeutics,
Inc.*
10,887
14,262
Aldeyra
Therapeutics,
Inc.*
2,334
12,744
Alector,
Inc.*
3,453
8,391
Alkermes
plc*
6,978
210,038
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
111
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Allogene
Therapeutics,
Inc.*
6,614
$
18,387
Altimmune,
Inc.*
3,812
16,430
Amicus
Therapeutics,
Inc.*
12,812
184,108
AnaptysBio,
Inc.*
794
43,710
Anavex
Life
Sciences
Corp.*
3,594
15,921
Anika
Therapeutics,
Inc.*
534
7,668
Annexon,
Inc.*
4,301
24,086
Apogee
Therapeutics,
Inc.*
1,654
115,780
Arbutus
Biopharma
Corp.*
6,509
30,332
Arcellx,
Inc.*
1,472
167,499
Arcturus
Therapeutics
Holdings,
Inc.*
1,089
8,963
Arcus
Biosciences,
Inc.*
3,380
68,851
Arcutis
Biotherapeutics,
Inc.*
4,733
127,649
Ardelyx,
Inc.*
10,305
67,498
ArriVent
Biopharma,
Inc.(b)
1,269
29,149
Arrowhead
Pharmaceuticals,
Inc.*
5,707
361,082
ARS
Pharmaceuticals,
Inc.(b)
2,537
23,543
aTyr
Pharma,
Inc.*
4,124
3,958
Aura
Biosciences,
Inc.*
1,888
11,120
Aurinia
Pharmaceuticals,
Inc.*
5,134
72,749
Avidity
Biosciences,
Inc.*
4,985
358,920
Avita
Medical,
Inc.(b)
522
2,626
Beam
Therapeutics,
Inc.*
4,113
117,056
Benitec
Biopharma,
Inc.*
638
6,954
Bicara
Therapeutics,
Inc.*
1,355
22,737
BioCryst
Pharmaceuticals,
Inc.*
10,057
87,999
Biohaven
Ltd.*
4,034
46,472
Bridgebio
Pharma,
Inc.*
6,826
453,793
Bright
Minds
Biosciences,
Inc.*
216
18,105
Candel
Therapeutics,
Inc.*
1,884
9,891
Capricor
Therapeutics,
Inc.*
1,653
46,168
Cardiff
Oncology,
Inc.(b)
2,665
5,170
CareDx,
Inc.*
2,241
42,041
Cartesian
Therapeutics,
Inc.*
452
3,431
Catalyst
Pharmaceuticals,
Inc.*
4,981
114,962
Celcuity,
Inc.*
1,384
154,607
Celldex
Therapeutics,
Inc.*
2,817
84,764
CG
oncology,
Inc.*
2,403
141,296
Cogent
Biosciences,
Inc.*
5,979
232,284
Coherus
Oncology,
Inc.(b)
4,561
7,617
Compass
Therapeutics,
Inc.*
5,628
31,798
Corvus
Pharmaceuticals,
Inc.*
2,463
44,974
CRISPR
Therapeutics
AG(b)
3,750
225,525
Cullinan
Therapeutics,
Inc.*
2,321
35,976
Cytokinetics,
Inc.*
5,026
312,718
Day
One
Biopharmaceuticals,
Inc.*
3,373
35,754
Denali
Therapeutics,
Inc.*
5,696
120,641
Design
Therapeutics,
Inc.*
1,030
10,753
DiaMedica
Therapeutics,
Inc.(b)
1,460
11,607
Dianthus
Therapeutics,
Inc.*
1,055
58,225
Disc
Medicine,
Inc.*
1,074
71,550
Dyne
Therapeutics,
Inc.*
5,323
83,145
Editas
Medicine,
Inc.*
3,897
8,573
Eledon
Pharmaceuticals,
Inc.*
2,414
6,325
Emergent
BioSolutions,
Inc.*
2,243
18,281
Enanta
Pharmaceuticals,
Inc.*
1,171
16,745
Entrada
Therapeutics,
Inc.*
1,226
14,626
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Erasca,
Inc.*
7,465
$
101,972
Fate
Therapeutics,
Inc.*
4,677
6,922
Fennec
Pharmaceuticals,
Inc.*
1,006
8,541
Foghorn
Therapeutics,
Inc.*
1,430
8,122
Geron
Corp.*
23,492
39,467
Gossamer
Bio,
Inc.*
8,261
3,510
GRAIL,
Inc.*
1,514
80,590
Greenwich
Lifesciences,
Inc.(b)
270
7,484
Gyre
Therapeutics,
Inc.*
506
4,169
Heron
Therapeutics,
Inc.*
6,607
7,862
Humacyte,
Inc.(b)
6,670
7,437
Ideaya
Biosciences,
Inc.*
3,456
111,283
ImmunityBio,
Inc.(b)
12,690
124,108
Immunome,
Inc.*
4,030
88,096
Immunovant,
Inc.*
3,016
83,634
Inhibikase
Therapeutics,
Inc.(b)
2,598
5,326
Inhibrx
Biosciences,
Inc.*
388
28,762
Inmune
Bio,
Inc.(b)
875
1,129
Intellia
Therapeutics,
Inc.*
4,426
60,990
Iovance
Biotherapeutics,
Inc.(b)
13,226
51,052
Ironwood
Pharmaceuticals,
Inc.,
Class
a
A*
6,883
23,540
Jade
Biosciences,
Inc.
1,993
29,556
Janux
Therapeutics,
Inc.*
1,843
25,083
KalVista
Pharmaceuticals,
Inc.*
1,648
26,829
Keros
Therapeutics,
Inc.*
1,256
17,823
Kodiak
Sciences,
Inc.*
1,409
37,761
Korro
Bio,
Inc.*
286
3,469
Krystal
Biotech,
Inc.*
1,068
294,384
Kura
Oncology,
Inc.*
3,470
30,293
Kymera
Therapeutics,
Inc.*
2,426
221,615
Larimar
Therapeutics,
Inc.*
2,087
11,082
Lexeo
Therapeutics,
Inc.*
2,710
19,458
Madrigal
Pharmaceuticals,
Inc.*
801
346,032
MannKind
Corp.*
13,020
42,706
MapLight
Therapeutics,
Inc.*
727
12,555
MeiraGTx
Holdings
plc*
1,944
14,697
MiMedx
Group,
Inc.*
5,089
24,885
Mineralys
Therapeutics,
Inc.*
2,014
58,930
Mirum
Pharmaceuticals,
Inc.*
1,764
162,800
Monopar
Therapeutics,
Inc.*
196
10,742
Monte
Rosa
Therapeutics,
Inc.*
2,008
35,642
Myriad
Genetics,
Inc.*
3,916
18,053
Neurogene,
Inc.*
426
10,007
Nkarta,
Inc.*
1,828
4,936
Novavax,
Inc.(b)
6,440
65,302
Nurix
Therapeutics,
Inc.*
4,311
68,847
Nuvalent,
Inc.,
Class
a
A*
2,155
219,702
Nuvectis
Pharma,
Inc.*
664
5,883
Olema
Pharmaceuticals,
Inc.*
2,560
61,952
Organogenesis
Holdings,
Inc.,
Class
a
A*
2,938
9,431
ORIC
Pharmaceuticals,
Inc.*
2,845
38,265
Oruka
Therapeutics,
Inc.*
1,661
57,155
Palvella
Therapeutics,
Inc.*
312
42,126
Perspective
Therapeutics,
Inc.*
2,562
13,835
Praxis
Precision
Medicines,
Inc.*
1,060
356,955
Precigen,
Inc.*
7,754
29,388
Prime
Medicine,
Inc.*
4,279
19,769
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
112
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Protagonist
Therapeutics,
Inc.*
2,505
$
230,660
Protalix
BioTherapeutics,
Inc.*
3,105
8,942
Protara
Therapeutics,
Inc.*
1,517
9,648
Prothena
Corp.
plc*
1,896
16,438
PTC
Therapeutics,
Inc.*
3,343
227,959
Puma
Biotechnology,
Inc.*
1,853
10,562
Recursion
Pharmaceuticals,
Inc.,
Class
a
A(b)
16,362
60,049
REGENXBIO,
Inc.*
2,015
18,216
Relay
Therapeutics,
Inc.*
6,054
62,114
Replimune
Group,
Inc.*
2,977
22,774
Rezolute,
Inc.*
3,472
11,145
Rhythm
Pharmaceuticals,
Inc.*
2,275
210,961
Rigel
Pharmaceuticals,
Inc.*
757
26,298
Rocket
Pharmaceuticals,
Inc.*
3,642
18,246
Sana
Biotechnology,
Inc.*
7,104
29,908
Savara,
Inc.*
6,091
36,668
Scholar
Rock
Holding
Corp.*
3,536
156,539
SELLAS
Life
Sciences
Group,
Inc.(b)
5,327
26,262
Sionna
Therapeutics,
Inc.*
689
25,176
Soleno
Therapeutics,
Inc.*
2,010
78,531
Solid
Biosciences,
Inc.*
2,536
15,749
Spyre
Therapeutics,
Inc.*
2,964
127,482
Stoke
Therapeutics,
Inc.*
1,929
70,235
Syndax
Pharmaceuticals,
Inc.*
3,664
79,545
Tango
Therapeutics,
Inc.*
4,575
50,966
Taysha
Gene
Therapies,
Inc.*
9,497
43,021
Tectonic
Therapeutic,
Inc.(b)
472
11,068
Tevogen
Bio
Holdings,
Inc.*
1,767
467
TG
Therapeutics,
Inc.*
6,248
188,002
Tonix
Pharmaceuticals
Holding
Corp.*
499
6,971
Travere
Therapeutics,
Inc.*
3,546
105,635
TriSalus
Life
Sciences,
Inc.*
1,306
6,608
TuHURA
Biosciences,
Inc.(b)
1,427
2,383
Twist
Bioscience
Corp.*
2,572
120,678
Tyra
Biosciences,
Inc.*
1,114
37,107
Upstream
Bio,
Inc.*
1,412
10,844
UroGen
Pharma
Ltd.*
1,586
34,416
Vanda
Pharmaceuticals,
Inc.*
2,396
21,348
Vaxcyte,
Inc.*
5,344
329,939
Vera
Therapeutics,
Inc.,
Class
a
A*
2,390
97,488
Veracyte,
Inc.*
3,369
123,272
Verastem,
Inc.*
2,300
13,156
Vericel
Corp.*
2,168
77,354
Vir
Biotechnology,
Inc.*
3,830
34,815
Viridian
Therapeutics,
Inc.*
3,438
101,008
Voyager
Therapeutics,
Inc.*
2,003
8,212
X4
Pharmaceuticals,
Inc.*
1
3
Xencor,
Inc.*
3,030
38,693
Xenon
Pharmaceuticals,
Inc.*
3,270
141,362
XOMA
Royalty
Corp.*
410
10,467
Zenas
Biopharma,
Inc.*
813
21,423
Zymeworks,
Inc.*
2,147
50,004
11,695,981
Broadline
Retail
—
0.1%
Groupon,
Inc.,
Class
a
A*
1,094
13,806
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Kohl's
Corp.
4,694
$
76,841
Savers
Value
Village,
Inc.*
1,649
15,550
106,197
Building
Products
—
1.4%
American
Woodmark
Corp.*
618
30,962
Apogee
Enterprises,
Inc.
912
36,316
AZZ,
Inc.
1,277
173,646
CSW
Industrials,
Inc.
700
206,031
Gibraltar
Industries,
Inc.*
1,284
58,396
Griffon
Corp.
1,649
140,561
Insteel
Industries,
Inc.
805
30,010
Janus
International
Group,
Inc.*
5,834
40,605
JELD-WEN
Holding,
Inc.*
3,654
7,162
Masterbrand,
Inc.*
5,466
55,316
Modine
Manufacturing
Co.*
2,255
512,449
Quanex
Building
Products
Corp.
1,984
40,731
Resideo
Technologies,
Inc.*
5,556
215,017
Tecnoglass,
Inc.
1,165
53,077
UFP
Industries,
Inc.
2,504
257,687
Zurn
Elkay
Water
Solutions
Corp.
6,470
329,841
2,187,807
Capital
Markets
—
1.4%
Acadian
Asset
Management,
Inc.
1,153
62,100
AlTi
Global,
Inc.(b)
1,861
8,244
Artisan
Partners
Asset
Management,
Inc.,
Class
a
A
2,692
108,434
Bakkt,
Inc.,
Class
a
A(b)
617
5,898
BGC
Group,
Inc.,
Class
a
A
15,602
148,531
Cohen
&
Steers,
Inc.
1,195
79,910
Diamond
Hill
Investment
Group,
Inc.
109
18,734
DigitalBridge
Group,
Inc.
7,622
117,760
Donnelley
Financial
Solutions,
Inc.*
1,100
54,736
Fold
Holdings,
Inc.*
264
393
Forge
Global
Holdings,
Inc.*
476
21,420
GCM
Grosvenor,
Inc.,
Class
a
A
2,237
25,904
Innventure,
Inc.*
1,174
3,334
Marex
Group
plc
2,370
103,000
MarketWise,
Inc.
86
1,206
Miami
International
Holdings,
Inc.*
1,011
43,069
Moelis
&
Co.,
Class
a
A
3,198
189,833
Open
Lending
Corp.*
4,350
5,785
Patria
Investments
Ltd.,
Class
a
A
2,847
37,353
Perella
Weinberg
Partners,
Class
a
A
2,674
49,496
Piper
Sandler
Cos.
752
222,254
PJT
Partners,
Inc.,
Class
a
A
986
145,612
Ridgepost
Capital,
Inc.,
Class
a
A
2,514
20,288
Siebert
Financial
Corp.*
607
1,153
Silvercrest
Asset
Management
Group,
Inc.,
Class
a
A
297
4,516
StepStone
Group,
Inc.,
Class
a
A
3,002
129,506
StoneX
Group,
Inc.*
2,108
268,770
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
113
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Strive,
Inc.,
Class
a
A(b)
598
$
4,748
Value
Line,
Inc.
32
1,176
Victory
Capital
Holdings,
Inc.,
Class
a
A
1,905
131,788
Virtus
Investment
Partners,
Inc.
277
38,326
Webull
Corp.*
11,744
68,233
Westwood
Holdings
Group,
Inc.
321
5,380
WisdomTree,
Inc.(b)
5,324
91,094
2,217,984
Chemicals
—
1.4%
AdvanSix,
Inc.
1,128
20,112
American
Vanguard
Corp.*
1,099
5,066
Arq,
Inc.*
1,375
4,826
Ascent
Industries
Co.*
353
6,057
ASP
Isotopes,
Inc.(b)
3,978
21,243
Aspen
Aerogels,
Inc.*
2,851
8,895
Avient
Corp.
3,955
162,432
Balchem
Corp.
1,414
256,542
Cabot
Corp.
2,288
174,208
Chemours
Co.
(The)
6,484
118,268
Core
Molding
Technologies,
Inc.*
348
6,351
Ecovyst,
Inc.*
4,912
55,358
Flotek
Industries,
Inc.(b)
613
9,410
Hawkins,
Inc.
840
125,244
HB
Fuller
Co.
2,354
154,705
Ingevity
Corp.*
1,569
113,015
Innospec,
Inc.
1,070
81,941
Intrepid
Potash,
Inc.*
463
17,117
Koppers
Holdings,
Inc.
814
30,769
Kronos
Worldwide,
Inc.
940
5,461
LSB
Industries,
Inc.*
2,309
26,831
Mativ
Holdings,
Inc.
2,325
25,203
Minerals
Technologies,
Inc.
1,360
96,043
Orion
SA
2,388
13,588
Perimeter
Solutions,
Inc.*
5,989
140,622
PureCycle
Technologies,
Inc.(b)
5,586
35,248
Quaker
Chemical
Corp.
593
87,189
Rayonier
Advanced
Materials,
Inc.*
2,773
26,260
Sensient
Technologies
Corp.
1,820
184,785
Solesence,
Inc.*
808
1,034
Stepan
Co.
929
47,277
Trinseo
plc(b)
1,461
336
Tronox
Holdings
plc
5,145
38,485
Valhi,
Inc.
105
1,467
2,101,388
Commercial
Services
&
Supplies
—
1.2%
ABM
Industries,
Inc.
2,624
116,768
ACCO
Brands
Corp.
3,758
15,295
ACV
Auctions,
Inc.,
Class
a
A*
7,226
35,118
BrightView
Holdings,
Inc.*
3,094
42,666
Brink's
Co.
(The)
1,809
211,237
Casella
Waste
Systems,
Inc.,
Class
a
A*
2,704
251,905
Cimpress
plc*
747
54,568
CompX
International,
Inc.
65
1,528
CoreCivic,
Inc.*
4,548
80,409
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Deluxe
Corp.
1,904
$
52,836
Ennis,
Inc.
1,053
22,229
Enviri
Corp.*
3,272
61,939
GEO
Group,
Inc.
(The)*
5,822
87,563
Healthcare
Services
Group,
Inc.*
3,030
65,963
HNI
Corp.
2,739
123,145
Interface,
Inc.,
Class
a
A
2,496
78,599
Liquidity
Services,
Inc.*
999
31,578
MillerKnoll,
Inc.
2,945
59,312
Mobile
Infrastructure
Corp.,
Class
a
A(b)
558
1,696
Montrose
Environmental
Group,
Inc.*
1,422
41,551
NL
Industries,
Inc.
361
2,231
OPENLANE,
Inc.*
4,532
129,207
Perma-Fix
Environmental
Services,
Inc.*
743
10,135
Pitney
Bowes,
Inc.
6,942
74,488
Quad/Graphics,
Inc.
1,245
8,603
UniFirst
Corp.
629
147,702
Vestis
Corp.*
4,960
39,035
Virco
Mfg.
Corp.
486
3,086
1,850,392
Communications
Equipment
—
0.9%
ADTRAN
Holdings,
Inc.*
3,198
32,620
Applied
Optoelectronics,
Inc.*
2,596
218,661
Aviat
Networks,
Inc.*
497
12,445
BK
Technologies
Corp.*
124
10,799
Calix,
Inc.*
2,592
134,188
Clearfield,
Inc.*
494
15,531
Digi
International,
Inc.*
1,568
76,550
Extreme
Networks,
Inc.*
5,680
79,406
Harmonic,
Inc.*
4,840
51,449
Inseego
Corp.(b)
539
6,657
NETGEAR,
Inc.*
1,176
24,249
NetScout
Systems,
Inc.*
3,009
87,893
Ribbon
Communications,
Inc.*
4,035
8,998
Viasat,
Inc.*
5,319
243,504
Viavi
Solutions,
Inc.*
9,525
282,988
Vistance
Networks,
Inc.*
9,390
164,982
1,450,920
Construction
&
Engineering
—
2.4%
Ameresco,
Inc.,
Class
a
A*
1,382
42,096
Arcosa,
Inc.
2,088
224,418
Argan,
Inc.
581
262,176
Bowman
Consulting
Group
Ltd.,
Class
a
A*
605
20,292
Centuri
Holdings,
Inc.*
3,368
104,408
Concrete
Pumping
Holdings,
Inc.*
945
6,369
Construction
Partners,
Inc.,
Class
a
A*
2,022
271,696
Dycom
Industries,
Inc.*
1,207
506,964
Fluor
Corp.*
6,931
362,561
Granite
Construction,
Inc.
1,886
253,592
Great
Lakes
Dredge
&
Dock
Corp.*
2,863
48,528
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
114
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
IES
Holdings,
Inc.*
387
$
191,700
Legence
Corp.,
Class
a
A*
1,593
92,474
Limbach
Holdings,
Inc.*
458
41,870
Matrix
Service
Co.*
1,164
12,792
MYR
Group,
Inc.*
663
178,984
NWPX
Infrastructure,
Inc.*
409
31,738
Orion
Group
Holdings,
Inc.*
1,620
22,243
Primoris
Services
Corp.
2,329
351,027
Southland
Holdings,
Inc.*
537
601
Sterling
Infrastructure,
Inc.*
1,284
549,719
Tutor
Perini
Corp.
1,916
144,409
3,720,657
Construction
Materials
—
0.2%
Knife
River
Corp.*
2,462
219,069
Smith-Midland
Corp.*
118
4,532
Titan
America
SA(b)
1,048
18,990
United
States
Lime
&
Minerals,
Inc.
466
53,198
295,789
Consumer
Finance
—
0.8%
Atlanticus
Holdings
Corp.*
227
11,874
Bread
Financial
Holdings,
Inc.
1,968
139,453
Consumer
Portfolio
Services,
Inc.*
414
3,353
Dave,
Inc.*
448
86,585
Encore
Capital
Group,
Inc.*
967
66,036
Enova
International,
Inc.*
1,041
144,751
FirstCash
Holdings,
Inc.
1,706
328,900
Green
Dot
Corp.,
Class
a
A*
2,308
26,681
Jefferson
Capital,
Inc.
340
7,014
LendingClub
Corp.*
4,872
72,642
LendingTree,
Inc.*
480
17,938
Medallion
Financial
Corp.
698
7,043
Navient
Corp.
2,927
25,728
Nelnet,
Inc.,
Class
a
A
481
62,270
NerdWallet,
Inc.,
Class
a
A*
1,842
19,986
Oportun
Financial
Corp.*
1,740
9,013
OppFi,
Inc.
1,146
10,520
PRA
Group,
Inc.*
1,675
26,381
PROG
Holdings,
Inc.
1,693
59,611
Regional
Management
Corp.
387
12,314
Upstart
Holdings,
Inc.*
3,665
99,798
Vroom,
Inc.*
44
661
World
Acceptance
Corp.*
129
17,400
1,255,952
Consumer
Staples
Distribution
&
Retail
—
0.4%
Andersons,
Inc.
(The)
1,409
91,994
Chefs'
Warehouse,
Inc.
(The)*
1,569
112,011
Grocery
Outlet
Holding
Corp.*
4,077
40,281
HF
Foods
Group,
Inc.*
1,725
3,605
Ingles
Markets,
Inc.,
Class
a
A
629
53,528
Natural
Grocers
by
Vitamin
Cottage,
Inc.
547
14,785
PriceSmart,
Inc.
1,104
170,700
United
Natural
Foods,
Inc.*
2,577
98,467
Village
Super
Market,
Inc.,
Class
a
A
391
15,308
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Weis
Markets,
Inc.
591
$
40,046
640,725
Containers
&
Packaging
—
0.2%
Ardagh
Metal
Packaging
SA
5,999
29,095
Greif,
Inc.,
Class
a
A
1,091
79,283
Greif,
Inc.,
Class
a
B
199
17,389
Myers
Industries,
Inc.
1,596
35,703
O-I
Glass,
Inc.*
6,615
88,641
Ranpak
Holdings
Corp.,
Class
a
A*
2,020
10,342
TriMas
Corp.
1,375
53,735
314,188
Distributors
—
0.1%
GigaCloud
Technology,
Inc.,
Class
a
A*
1,056
46,823
Gold.
Com,
Inc.
818
47,010
Weyco
Group,
Inc.
262
8,193
102,026
Diversified
Consumer
Services
—
1.0%
American
Public
Education,
Inc.*
747
34,228
Carriage
Services,
Inc.,
Class
a
A
611
28,149
Coursera,
Inc.*
6,142
39,370
Covista,
Inc.*
1,546
151,508
Driven
Brands
Holdings,
Inc.*
2,566
28,226
European
Wax
Center,
Inc.,
Class
a
A*
1,256
7,184
Frontdoor,
Inc.*
3,156
216,407
Graham
Holdings
Co.,
Class
a
B
139
146,396
KinderCare
Learning
Cos.,
Inc.*
1,358
4,753
Laureate
Education,
Inc.*
5,472
176,965
Lincoln
Educational
Services
Corp.*
1,274
46,170
Matthews
International
Corp.,
Class
a
A
1,283
33,910
McGraw
Hill,
Inc.*
1,247
17,458
Mister
Car
Wash,
Inc.*
4,266
30,374
Nerdy,
Inc.(b)
2,555
2,465
OneSpaWorld
Holdings
Ltd.
4,298
92,536
Perdoceo
Education
Corp.
2,820
94,047
Phoenix
Education
Partners,
Inc.
212
6,275
Strategic
Education,
Inc.
1,003
82,527
Stride,
Inc.*
1,838
155,090
Udemy,
Inc.*
4,112
20,683
Universal
Technical
Institute,
Inc.*
2,010
72,762
Zspace,
Inc.*
243
64
1,487,547
Diversified
REITs
—
0.5%
Alexander
&
Baldwin,
Inc.,
REIT
3,142
65,322
Alpine
Income
Property
Trust,
Inc.,
REIT
568
11,201
American
Assets
Trust,
Inc.,
REIT
2,237
43,666
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
115
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Armada
Hoffler
Properties,
Inc.,
REIT
3,441
$
21,506
Broadstone
Net
Lease,
Inc.,
REIT
8,166
158,339
CTO
Realty
Growth,
Inc.,
REIT
1,350
26,298
Essential
Properties
Realty
Trust,
Inc.,
REIT
8,551
290,221
Gladstone
Commercial
Corp.,
REIT
1,994
24,905
Global
Net
Lease,
Inc.,
REIT
8,529
80,343
Modiv
Industrial,
Inc.,
Class
a
C,
REIT
404
6,266
NexPoint
Diversified
Real
Estate
Trust,
REIT
1,522
6,773
734,840
Diversified
Telecommunication
Services
—
0.5%
Anterix,
Inc.*
484
17,865
ATN
International,
Inc.
429
12,364
Bandwidth,
Inc.,
Class
a
A*
1,190
17,636
Cogent
Communications
Holdings,
Inc.
2,095
39,302
Globalstar,
Inc.*
2,160
134,503
IDT
Corp.,
Class
a
B
699
35,614
Liberty
Latin
America
Ltd.,
Class
a
A*
1,255
9,839
Liberty
Latin
America
Ltd.,
Class
a
C*
5,457
43,329
Lumen
Technologies,
Inc.*
41,049
291,858
Shenandoah
Telecommunications
Co.
2,184
29,768
Uniti
Group,
Inc.
7,197
52,682
684,760
Electric
Utilities
—
0.8%
Genie
Energy
Ltd.,
Class
a
B
905
13,149
Hawaiian
Electric
Industries,
Inc.*
7,503
116,221
MGE
Energy,
Inc.
1,587
130,166
Oklo,
Inc.,
Class
a
A(b)
4,679
294,543
Otter
Tail
Corp.
1,657
141,011
Portland
General
Electric
Co.
4,874
263,001
TXNM
Energy,
Inc.
4,334
255,793
1,213,884
Electrical
Equipment
—
2.5%
Allient,
Inc.
620
40,821
American
Superconductor
Corp.*
1,882
61,316
Amprius
Technologies,
Inc.*
4,747
50,935
Array
Technologies,
Inc.*
6,531
49,505
Atkore,
Inc.
1,448
93,700
Bloom
Energy
Corp.,
Class
a
A*
9,411
1,465,010
EnerSys
1,605
266,671
Enovix
Corp.(b)
7,258
38,250
Eos
Energy
Enterprises,
Inc.(b)
13,281
75,635
Fluence
Energy,
Inc.(b)
2,744
42,642
Hyliion
Holdings
Corp.*
5,329
10,924
KULR
Technology
Group,
Inc.(b)
1,697
4,769
LSI
Industries,
Inc.
1,168
25,252
NANO
Nuclear
Energy,
Inc.(b)
1,722
45,788
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Net
Power,
Inc.*
1,351
$
2,607
Nextpower,
Inc.,
Class
a
A*
6,280
660,028
NuScale
Power
Corp.,
Class
a
A*
5,454
70,084
Plug
Power,
Inc.(b)
48,444
86,715
Powell
Industries,
Inc.
412
215,723
Power
Solutions
International,
Inc.*
367
30,644
Preformed
Line
Products
Co.
112
28,409
Shoals
Technologies
Group,
Inc.,
Class
a
A*
7,235
42,903
SKYX
Platforms
Corp.*
3,077
5,939
SunPower,
Inc.*
2,686
3,492
Sunrun,
Inc.*
9,625
127,531
T1
Energy,
Inc.*
5,734
35,321
Thermon
Group
Holdings,
Inc.*
1,415
71,854
Vicor
Corp.*
987
198,782
3,851,250
Electronic
Equipment,
Instruments
&
Components
—
3.2%
908
Devices,
Inc.*
1,176
8,114
Advanced
Energy
Industries,
Inc.
1,621
543,959
Aeva
Technologies,
Inc.(b)
1,611
21,362
Arlo
Technologies,
Inc.*
4,277
67,106
Badger
Meter,
Inc.
1,277
194,653
Bel
Fuse,
Inc.,
Class
a
A
67
14,201
Bel
Fuse,
Inc.,
Class
a
B
449
103,140
Belden,
Inc.
1,686
241,604
Benchmark
Electronics,
Inc.
1,539
88,970
Climb
Global
Solutions,
Inc.
166
15,717
CTS
Corp.
1,239
65,246
Daktronics,
Inc.*
1,640
42,279
ePlus,
Inc.
1,133
91,388
Evolv
Technologies
Holdings,
Inc.*
6,576
34,853
Fabrinet*
1,555
848,455
Frequency
Electronics,
Inc.*
284
14,260
Insight
Enterprises,
Inc.*
1,257
105,035
Itron,
Inc.*
1,953
183,484
Kimball
Electronics,
Inc.*
1,049
26,215
Knowles
Corp.*
3,676
99,877
Methode
Electronics,
Inc.
1,437
12,157
MicroVision,
Inc.*
12,959
10,122
Mirion
Technologies,
Inc.,
Class
a
A*
10,316
222,929
M-Tron
Industries,
Inc.*
106
6,709
Napco
Security
Technologies,
Inc.
1,484
69,169
Neonode,
Inc.*
535
974
nLight,
Inc.*
1,996
112,155
Novanta,
Inc.*
1,554
208,904
OSI
Systems,
Inc.*
696
198,499
Ouster,
Inc.*
2,351
44,551
PC
Connection,
Inc.
476
29,012
Plexus
Corp.*
1,155
224,220
Powerfleet,
Inc.*
5,347
19,089
Richardson
Electronics
Ltd.
519
6,373
Rogers
Corp.*
776
83,676
Sanmina
Corp.*
2,248
349,024
ScanSource,
Inc.*
943
34,684
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
116
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
TTM
Technologies,
Inc.*
4,406
$
459,281
Vishay
Intertechnology,
Inc.
5,209
97,512
Vishay
Precision
Group,
Inc.*
513
23,634
Vuzix
Corp.*
2,906
8,398
5,030,990
Energy
Equipment
&
Services
—
2.0%
Archrock,
Inc.
7,436
262,714
Atlas
Energy
Solutions,
Inc.,
Class
a
A
3,340
32,164
Borr
Drilling
Ltd.
11,448
70,176
Bristow
Group,
Inc.,
Class
a
A*
1,226
58,480
Cactus,
Inc.,
Class
a
A
2,951
159,354
Core
Laboratories,
Inc.
2,022
35,567
DMC
Global,
Inc.*
833
4,906
Energy
Services
of
America
Corp.
506
7,904
Expro
Group
Holdings
NV*
3,833
68,457
Flowco
Holdings,
Inc.,
Class
a
A
860
19,402
Forum
Energy
Technologies,
Inc.*
442
25,649
Helix
Energy
Solutions
Group,
Inc.*
5,985
55,002
Helmerich
&
Payne,
Inc.
4,159
146,480
Innovex
International,
Inc.*
1,669
43,978
Kodiak
Gas
Services,
Inc.
3,633
198,253
Liberty
Energy,
Inc.,
Class
a
A
6,797
190,928
Mammoth
Energy
Services,
Inc.*
1,044
2,412
Nabors
Industries
Ltd.*
610
47,653
National
Energy
Services
Reunited
Corp.*
2,626
65,781
Natural
Gas
Services
Group,
Inc.
439
16,796
Noble
Corp.
plc
5,434
246,867
Oceaneering
International,
Inc.*
4,251
150,911
Oil
States
International,
Inc.*
2,426
31,756
Patterson-UTI
Energy,
Inc.
14,933
127,080
ProFrac
Holding
Corp.,
Class
a
A*
1,236
6,118
ProPetro
Holding
Corp.*
3,447
41,812
Ranger
Energy
Services,
Inc.,
Class
a
A
861
14,999
RPC,
Inc.
3,843
22,328
SEACOR
Marine
Holdings,
Inc.*
940
7,200
Seadrill
Ltd.*
2,701
118,520
Select
Water
Solutions,
Inc.,
Class
a
A
4,046
55,309
Solaris
Energy
Infrastructure,
Inc.,
Class
a
A
1,822
90,426
TETRA
Technologies,
Inc.*
5,465
47,327
Tidewater,
Inc.*
2,117
168,132
Transocean
Ltd.*
39,978
259,058
Valaris
Ltd.*
2,685
257,357
3,157,256
Entertainment
—
0.5%
AMC
Entertainment
Holdings,
Inc.,
Class
a
A(b)
22,234
25,792
Atlanta
Braves
Holdings,
Inc.,
Class
a
A*
291
14,087
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Atlanta
Braves
Holdings,
Inc.,
Class
a
C*
1,988
$
86,896
Cinemark
Holdings,
Inc.
4,471
126,261
CuriosityStream,
Inc.
1,756
5,935
Eventbrite,
Inc.,
Class
a
A*
3,253
14,378
Gaia,
Inc.,
Class
a
A*
718
2,434
Golden
Matrix
Group,
Inc.,*
931
540
IMAX
Corp.*
1,886
80,777
Lionsgate
Studios
Corp.*
8,815
79,335
Madison
Square
Garden
Entertainment
Corp.,
Class
a
A*
1,707
107,780
Marcus
Corp.
(The)
981
16,510
Playstudios,
Inc.*
3,841
1,961
Playtika
Holding
Corp.
2,415
7,462
Reservoir
Media,
Inc.*
877
7,867
Sphere
Entertainment
Co.*
1,197
142,455
Starz
Entertainment
Corp.
494
5,434
Vivid
Seats,
Inc.,
Class
a
A*
139
829
726,733
Financial
Services
—
1.7%
Acacia
Research
Corp.*
1,468
6,151
Alerus
Financial
Corp.
1,009
24,055
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class
a
E
1,213
60,686
Better
Home
&
Finance
Holding
Co.*
242
7,962
Burford
Capital
Ltd.
8,656
73,057
Cannae
Holdings,
Inc.
2,036
24,839
Cantaloupe,
Inc.*
2,395
25,004
Cass
Information
Systems,
Inc.
509
22,589
Compass
Diversified
Holdings
2,889
21,639
Enact
Holdings,
Inc.
1,214
50,794
Essent
Group
Ltd.
4,078
248,106
EVERTEC,
Inc.
2,771
78,447
Federal
Agricultural
Mortgage
Corp.,
Class
a
C
403
63,537
Finance
of
America
Cos.,
Inc.,
Class
a
A*
217
4,199
Flywire
Corp.*
5,045
62,104
HA
Sustainable
Infrastructure
Capital,
Inc.
5,264
192,241
International
Money
Express,
Inc.*
1,178
18,589
Jackson
Financial,
Inc.,
Class
a
A
2,983
326,579
loanDepot,
Inc.,
Class
a
A*
3,836
7,940
Marqeta,
Inc.,
Class
a
A*
15,711
60,330
Merchants
Bancorp
1,115
47,142
NCR
Atleos
Corp.*
3,151
139,526
NewtekOne,
Inc.
963
11,826
NMI
Holdings,
Inc.,
Class
a
A*
3,361
132,121
Onity
Group,
Inc.*
286
11,986
Pagseguro
Digital
Ltd.,
Class
a
A
7,710
81,803
Payoneer
Global,
Inc.*
11,907
51,438
Paysafe
Ltd.*
1,396
8,739
Paysign,
Inc.*
1,492
5,297
PennyMac
Financial
Services,
Inc.
1,257
115,556
Priority
Technology
Holdings,
Inc.*
1,177
6,532
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
117
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Radian
Group,
Inc.
5,834
$
201,390
Remitly
Global,
Inc.*
7,268
121,376
Repay
Holdings
Corp.,
Class
a
A*
2,896
8,051
Security
National
Financial
Corp.,
Class
a
A*
698
6,324
Sezzle,
Inc.*
699
50,992
StoneCo
Ltd.,
Class
a
A*
10,807
181,558
SWK
Holdings
Corp.
132
2,167
Velocity
Financial,
Inc.*
492
9,146
Walker
&
Dunlop,
Inc.
1,419
65,288
Waterstone
Financial,
Inc.
652
11,612
2,648,718
Food
Products
—
0.6%
Alico,
Inc.
243
10,031
B&G
Foods,
Inc.
3,353
17,804
Beyond
Meat,
Inc.(b)
16,486
15,589
BRC,
Inc.,
Class
a
A(b)
3,975
2,502
Calavo
Growers,
Inc.
724
19,432
Cal-Maine
Foods,
Inc.
1,905
165,945
Dole
plc
3,553
56,990
Forafric
Global
plc*
239
2,309
Fresh
Del
Monte
Produce,
Inc.
1,429
61,347
Hain
Celestial
Group,
Inc.
(The)*
3,892
3,111
J
&
J
Snack
Foods
Corp.
667
58,069
John
B
Sanfilippo
&
Son,
Inc.
334
27,592
Lifeway
Foods,
Inc.*
218
4,831
Limoneira
Co.
718
10,117
Mama's
Creations,
Inc.*
1,579
27,064
Marzetti
Co.
(The)
862
141,661
Mission
Produce,
Inc.*
1,835
26,039
Seneca
Foods
Corp.,
Class
a
A*
199
27,657
Simply
Good
Foods
Co.
(The)*
3,989
68,052
SunOpta,
Inc.*
4,119
26,691
Tootsie
Roll
Industries,
Inc.
779
32,897
Utz
Brands,
Inc.
3,166
29,412
Vital
Farms,
Inc.*
1,488
31,382
Westrock
Coffee
Co.(b)
1,550
6,851
873,375
Gas
Utilities
—
0.9%
Brookfield
Infrastructure
Corp.,
Class
a
A
5,185
258,628
Chesapeake
Utilities
Corp.
1,005
136,650
New
Jersey
Resources
Corp.
4,351
235,998
Northwest
Natural
Holding
Co.
1,769
93,828
ONE
Gas,
Inc.
2,576
225,245
RGC
Resources,
Inc.
356
7,853
Southwest
Gas
Holdings,
Inc.
2,788
245,818
Spire,
Inc.
2,511
230,033
1,434,053
Ground
Transportation
—
0.3%
ArcBest
Corp.
981
100,710
Covenant
Logistics
Group,
Inc.,
Class
a
A
653
19,224
FTAI
Infrastructure,
Inc.
4,715
27,371
Heartland
Express,
Inc.
1,888
20,825
Hertz
Global
Holdings,
Inc.(b)
5,080
23,063
Marten
Transport
Ltd.
2,509
34,097
Investments
Shares
Value
Common
Stocks
(a)
(continued)
PAMT
Corp.*
202
$
2,028
Proficient
Auto
Logistics,
Inc.*
1,044
7,903
RXO,
Inc.*
6,994
111,624
Universal
Logistics
Holdings,
Inc.(b)
291
4,839
Werner
Enterprises,
Inc.
2,577
90,427
442,111
Health
Care
Equipment
&
Supplies
—
2.1%
Accuray,
Inc.*
4,259
2,460
Acme
United
Corp.
144
6,481
Alphatec
Holdings,
Inc.*
5,053
68,822
AngioDynamics,
Inc.*
1,691
19,345
Anteris
Technologies
Global
Corp.*
1,460
9,505
Artivion,
Inc.*
1,810
69,685
AtriCure,
Inc.*
2,079
64,990
Avanos
Medical,
Inc.*
1,927
27,171
Axogen,
Inc.*
1,912
60,668
Beta
Bionics,
Inc.*
1,676
21,168
Bioventus,
Inc.,
Class
a
A*
1,985
17,428
Butterfly
Network,
Inc.*
8,423
31,923
CapsoVision,
Inc.*
246
1,351
Carlsmed,
Inc.*
292
4,254
Ceribell,
Inc.*
1,145
21,377
Cerus
Corp.*
7,941
20,329
ClearPoint
Neuro,
Inc.*
1,130
14,204
CONMED
Corp.
1,339
61,594
CVRx,
Inc.(b)
688
5,614
Delcath
Systems,
Inc.*
1,280
11,392
Electromed,
Inc.*
291
6,897
Embecta
Corp.
2,517
25,824
Enovis
Corp.*
2,460
62,656
Glaukos
Corp.*
2,405
289,562
Haemonetics
Corp.*
2,072
131,199
ICU
Medical,
Inc.*
1,043
157,055
Inogen,
Inc.*
1,019
6,216
Integer
Holdings
Corp.*
1,482
128,460
Integra
LifeSciences
Holdings
Corp.*
2,883
32,809
iRadimed
Corp.
350
36,235
IRhythm
Holdings,
Inc.*
1,373
183,639
Kestra
Medical
Technologies
Ltd.(b)
844
19,648
KORU
Medical
Systems,
Inc.*
1,859
8,867
Lantheus
Holdings,
Inc.*
2,881
215,816
LeMaitre
Vascular,
Inc.
898
97,146
LENSAR,
Inc.(b)
411
4,920
LivaNova
plc*
2,345
165,557
Lucid
Diagnostics,
Inc.(b)
3,875
5,580
Merit
Medical
Systems,
Inc.*
2,516
194,185
Myomo,
Inc.(b)
1,522
1,180
Neogen
Corp.*
9,409
105,663
Neuronetics,
Inc.(b)
1,694
2,270
NeuroPace,
Inc.*
1,096
15,980
Novocure
Ltd.*
4,371
59,752
Omnicell,
Inc.*
1,963
80,679
OraSure
Technologies,
Inc.*
3,048
9,601
Orthofix
Medical,
Inc.*
1,670
22,595
OrthoPediatrics
Corp.*
729
13,975
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
118
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Outset
Medical,
Inc.*
703
$
2,453
Picard
Medical,
Inc.(b)
210
227
PROCEPT
BioRobotics
Corp.*
2,295
52,074
Pro-Dex,
Inc.*
93
4,121
Pulmonx
Corp.*
1,664
2,629
Pulse
Biosciences,
Inc.*
761
14,253
QuidelOrtho
Corp.*
2,913
66,242
RxSight,
Inc.*
1,496
11,190
Sanara
Medtech,
Inc.*
132
2,698
SANUWAVE
Health,
Inc.*
321
7,808
Shoulder
Innovations,
Inc.*
204
2,766
SI-BONE,
Inc.*
1,655
25,686
Sight
Sciences,
Inc.*
1,799
9,283
STAAR
Surgical
Co.*
2,149
42,765
Stereotaxis,
Inc.*
2,609
5,635
Tactile
Systems
Technology,
Inc.*
950
27,825
Tandem
Diabetes
Care,
Inc.*
2,914
73,724
TransMedics
Group,
Inc.*
1,445
209,901
Treace
Medical
Concepts,
Inc.*
2,049
3,811
UFP
Technologies,
Inc.*
325
68,438
Utah
Medical
Products,
Inc.
131
8,726
Varex
Imaging
Corp.*
1,765
23,245
3,289,227
Health
Care
Providers
&
Services
—
2.5%
Accendra
Health,
Inc.*
3,243
7,848
AdaptHealth
Corp.,
Class
a
A*
4,383
40,104
Addus
HomeCare
Corp.*
781
80,857
agilon
health,
Inc.*
13,271
7,821
AirSculpt
Technologies,
Inc.*
714
1,128
Alignment
Healthcare,
Inc.*
7,297
140,248
AMN
Healthcare
Services,
Inc.*
1,646
32,064
Ardent
Health,
Inc.*
995
9,343
Astrana
Health,
Inc.*
1,755
35,679
Aveanna
Healthcare
Holdings,
Inc.*
2,993
22,028
BrightSpring
Health
Services,
Inc.*
4,788
198,367
Brookdale
Senior
Living,
Inc.*
10,006
153,092
Castle
Biosciences,
Inc.*
1,223
36,164
Clover
Health
Investments
Corp.,
Class
a
A*
17,577
36,736
Community
Health
Systems,
Inc.*
5,513
19,075
Concentra
Group
Holdings
Parent,
Inc.
5,028
120,471
CorVel
Corp.*
1,252
64,578
Cross
Country
Healthcare,
Inc.*
1,347
11,719
DocGo,
Inc.*
3,863
2,774
Enhabit,
Inc.*
2,131
29,003
Ensign
Group,
Inc.
(The)
2,417
517,649
Fulgent
Genetics,
Inc.*
890
13,644
GeneDx
Holdings
Corp.,
Class
a
A*
819
65,282
Guardant
Health,
Inc.*
5,226
490,721
Guardian
Pharmacy
Services,
Inc.,
Class
a
A*
970
32,505
HealthEquity,
Inc.*
3,671
280,795
Hims
&
Hers
Health,
Inc.(b)
8,823
128,110
Innovage
Holding
Corp.*
871
7,804
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Joint
Corp.
(The)*
609
$
5,359
LifeStance
Health
Group,
Inc.*
7,151
51,773
Nano-X
Imaging
Ltd.*
2,759
6,539
National
HealthCare
Corp.
545
89,108
National
Research
Corp.
509
6,826
NeoGenomics,
Inc.*
5,548
54,537
Nutex
Health,
Inc.(b)
147
16,238
Omada
Health,
Inc.*
402
4,937
Oncology
Institute,
Inc.
(The)*
2,933
8,476
OPKO
Health,
Inc.*
17,697
21,236
Option
Care
Health,
Inc.*
6,871
223,033
PACS
Group,
Inc.*
1,897
69,259
Pediatrix
Medical
Group,
Inc.*
3,728
74,001
Pennant
Group,
Inc.
(The)*
1,457
49,115
Privia
Health
Group,
Inc.*
5,007
118,916
Progyny,
Inc.*
3,229
57,121
RadNet,
Inc.*
2,939
205,172
SBC
Medical
Group
Holdings,
Inc.*
484
1,868
Select
Medical
Holdings
Corp.
4,623
69,206
Sonida
Senior
Living,
Inc.*
233
8,362
Strata
Critical
Medical,
Inc.*
2,938
12,575
Surgery
Partners,
Inc.*
3,327
51,569
Talkspace,
Inc.*
6,200
29,884
US
Physical
Therapy,
Inc.
647
53,675
Viemed
Healthcare,
Inc.*
1,469
12,780
3,887,174
Health
Care
REITs
—
0.9%
American
Healthcare
REIT,
Inc.
7,278
380,203
CareTrust
REIT,
Inc.
9,673
392,917
Chiron
Real
Estate,
Inc.,
REIT
548
18,977
Community
Healthcare
Trust,
Inc.,
REIT
1,176
20,098
Diversified
Healthcare
Trust,
REIT
9,446
63,855
LTC
Properties,
Inc.,
REIT
1,956
77,614
National
Health
Investors,
Inc.,
REIT
2,025
170,242
Sabra
Health
Care
REIT,
Inc.
10,232
210,267
Sila
Realty
Trust,
Inc.,
REIT
2,394
61,598
Strawberry
Fields
REIT,
Inc.
329
4,211
Universal
Health
Realty
Income
Trust,
REIT
558
24,340
1,424,322
Health
Care
Technology
—
0.2%
Claritev
Corp.(b)
327
4,405
Definitive
Healthcare
Corp.,
Class
a
A*
1,289
1,650
Evolent
Health,
Inc.,
Class
a
A*
5,046
16,399
Health
Catalyst,
Inc.*
2,905
4,706
HealthStream,
Inc.
1,021
21,676
HeartFlow,
Inc.(b)
835
19,339
LifeMD,
Inc.(b)
1,684
4,496
OptimizeRx
Corp.*
679
5,147
Phreesia,
Inc.*
2,463
30,369
Schrodinger,
Inc.*
2,421
29,197
Simulations
Plus,
Inc.*
720
8,805
Teladoc
Health,
Inc.*
7,653
40,255
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
119
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
TruBridge,
Inc.*
432
$
8,333
Waystar
Holding
Corp.*
4,738
121,530
316,307
Hotel
&
Resort
REITs
—
0.5%
Apple
Hospitality
REIT,
Inc.
9,638
118,162
Braemar
Hotels
&
Resorts,
Inc.,
REIT
2,370
6,897
Chatham
Lodging
Trust,
REIT
2,006
15,466
DiamondRock
Hospitality
Co.,
REIT
8,872
89,075
Pebblebrook
Hotel
Trust,
REIT
5,059
64,907
RLJ
Lodging
Trust,
REIT
5,908
47,382
Ryman
Hospitality
Properties,
Inc.,
REIT
2,659
262,576
Service
Properties
Trust,
REIT
6,645
15,284
Summit
Hotel
Properties,
Inc.,
REIT
4,578
20,647
Sunstone
Hotel
Investors,
Inc.,
REIT
7,829
72,653
Xenia
Hotels
&
Resorts,
Inc.,
REIT
4,090
62,495
775,544
Hotels,
Restaurants
&
Leisure
—
1.3%
Accel
Entertainment,
Inc.,
Class
a
A*
2,199
24,981
Bally's
Corp.*
416
5,915
Biglari
Holdings,
Inc.,
Class
a
B*
28
10,858
BJ's
Restaurants,
Inc.*
865
32,861
Black
Rock
Coffee
Bar,
Inc.,
Class
a
A*
703
9,378
Bloomin'
Brands,
Inc.
3,614
22,118
Brightstar
Lottery
plc
4,517
61,251
Brinker
International,
Inc.*
1,906
282,469
Cheesecake
Factory,
Inc.
(The)
(b)
1,993
129,107
Cracker
Barrel
Old
Country
Store,
Inc.(b)
956
31,280
Dave
&
Buster's
Entertainment,
Inc.*
1,168
17,193
Dine
Brands
Global,
Inc.
645
19,969
El
Pollo
Loco
Holdings,
Inc.*
1,206
13,338
First
Watch
Restaurant
Group,
Inc.*
2,367
29,493
Genius
Sports
Ltd.*
9,411
58,442
Global
Business
Travel
Group
I*
5,618
30,730
Golden
Entertainment,
Inc.
831
24,016
Hilton
Grand
Vacations,
Inc.*
2,620
117,795
Inspired
Entertainment,
Inc.*
1,076
8,780
Jack
in
the
Box,
Inc.
756
12,792
Krispy
Kreme,
Inc.
3,316
12,435
Kura
Sushi
USA,
Inc.,
Class
a
A*
271
19,087
Life
Time
Group
Holdings,
Inc.*
6,501
175,527
Lindblad
Expeditions
Holdings,
Inc.*
1,618
31,891
Marriott
Vacations
Worldwide
Corp.
1,200
78,012
Monarch
Casino
&
Resort,
Inc.
547
52,567
Nathan's
Famous,
Inc.
126
12,673
Navan,
Inc.,
Class
a
A(b)
1,607
15,652
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Papa
John's
International,
Inc.
1,408
$
44,141
Portillo's,
Inc.,
Class
a
A*
2,869
15,320
Pursuit
Attractions
and
Hospitality,
Inc.*
915
31,805
RCI
Hospitality
Holdings,
Inc.
349
7,723
Red
Rock
Resorts,
Inc.,
Class
a
A
2,101
127,216
Rush
Street
Interactive,
Inc.*
3,940
77,815
Sabre
Corp.*
15,942
18,812
Serve
Robotics,
Inc.(b)
2,688
26,853
Shake
Shack,
Inc.,
Class
a
A*
1,675
160,817
Six
Flags
Entertainment
Corp.*
4,128
70,300
Super
Group
SGHC
Ltd.
6,852
73,316
Sweetgreen,
Inc.,
Class
a
A*
4,453
24,714
Target
Hospitality
Corp.*
1,382
10,766
United
Parks
&
Resorts,
Inc.*
1,167
40,600
Xponential
Fitness,
Inc.,
Class
a
A*
1,180
5,027
2,075,835
Household
Durables
—
1.5%
Bassett
Furniture
Industries,
Inc.
350
5,239
Beazer
Homes
USA,
Inc.*
1,189
30,415
Cavco
Industries,
Inc.*
336
193,959
Century
Communities,
Inc.
1,120
75,298
Champion
Homes,
Inc.*
2,431
227,250
Cricut,
Inc.,
Class
a
A
2,070
8,901
Dream
Finders
Homes,
Inc.,
Class
a
A*
1,269
22,931
Ethan
Allen
Interiors,
Inc.
997
22,712
Flexsteel
Industries,
Inc.
152
7,823
Green
Brick
Partners,
Inc.*
1,347
99,220
Hamilton
Beach
Brands
Holding
Co.,
Class
a
A
304
5,788
Helen
of
Troy
Ltd.*
984
17,358
Hovnanian
Enterprises,
Inc.,
Class
a
A*
206
25,878
Installed
Building
Products,
Inc.(b)
996
326,449
KB
Home
2,717
172,747
La-Z-Boy,
Inc.
1,784
63,724
Legacy
Housing
Corp.*
367
8,045
Leggett
&
Platt,
Inc.
5,738
67,020
LGI
Homes,
Inc.*
882
45,776
Lovesac
Co.
(The)(b)
575
7,349
M/I
Homes,
Inc.*
1,121
159,361
Meritage
Homes
Corp.
2,998
226,109
Sonos,
Inc.*
5,140
79,156
Taylor
Morrison
Home
Corp.,
Class
a
A*
4,132
272,257
Traeger,
Inc.*
1,414
1,216
Tri
Pointe
Homes,
Inc.*
3,647
168,856
2,340,837
Household
Products
—
0.3%
Central
Garden
&
Pet
Co.*
359
14,069
Central
Garden
&
Pet
Co.,
Class
a
A*
2,175
75,125
Energizer
Holdings,
Inc.
2,694
58,164
Oil-Dri
Corp.
of
America
429
29,103
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
120
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Spectrum
Brands
Holdings,
Inc.
1,010
$
79,164
WD-40
Co.
587
139,823
395,448
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
Hallador
Energy
Co.*
1,334
24,252
Montauk
Renewables,
Inc.*
2,890
4,450
Ormat
Technologies,
Inc.
2,631
272,835
301,537
Industrial
Conglomerates
—
0.0%(d)
Brookfield
Business
Corp.,
Class
a
A
1,002
34,519
Industrial
REITs
—
0.3%
Industrial
Logistics
Properties
Trust,
REIT
2,302
13,490
Innovative
Industrial
Properties,
Inc.,
REIT
1,196
63,340
LXP
Industrial
Trust,
REIT
2,509
124,346
One
Liberty
Properties,
Inc.,
REIT
790
18,557
Terreno
Realty
Corp.,
REIT
4,402
290,796
510,529
Insurance
—
1.5%
Abacus
Global
Management,
Inc.(b)
1,736
15,850
American
Coastal
Insurance
Corp.
1,054
12,005
American
Integrity
Insurance
Group,
Inc.*
344
7,004
AMERISAFE,
Inc.
818
26,610
Ategrity
Specialty
Holdings
LLC*
276
6,105
Baldwin
Insurance
Group,
Inc.
(The),
Class
a
A*
3,070
71,316
Bowhead
Specialty
Holdings,
Inc.*
764
19,352
Citizens,
Inc.,
Class
a
A*
1,944
10,536
CNO
Financial
Group,
Inc.
4,139
173,052
Crawford
&
Co.,
Class
a
A
700
7,532
Donegal
Group,
Inc.,
Class
a
A
724
12,757
eHealth,
Inc.*
1,236
1,607
Employers
Holdings,
Inc.
962
39,779
F&G
Annuities
&
Life,
Inc.
1,593
36,081
Fidelis
Insurance
Holdings
Ltd.
2,407
45,877
Genworth
Financial,
Inc.,
Class
a
A*
17,492
147,632
GoHealth,
Inc.,
Class
a
A(b)
405
555
Goosehead
Insurance,
Inc.,
Class
a
A*
1,018
55,176
Greenlight
Capital
Re
Ltd.,
Class
a
A*
1,124
15,950
Hamilton
Insurance
Group
Ltd.,
Class
a
B*
1,932
61,032
HCI
Group,
Inc.
464
81,859
Heritage
Insurance
Holdings,
Inc.*
1,060
29,542
Hippo
Holdings,
Inc.*
769
22,116
Horace
Mann
Educators
Corp.
1,754
76,317
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Investors
Title
Co.
60
$
13,854
James
River
Group
Holdings,
Inc.
1,585
11,095
Kestrel
Group
Ltd.
117
1,801
Kingstone
Cos.,
Inc.
484
7,976
Kingsway
Financial
Services,
Inc.*
909
11,126
Lemonade,
Inc.*
2,604
134,731
MBIA,
Inc.*
1,964
12,864
Mercury
General
Corp.
1,157
104,801
NI
Holdings,
Inc.*
295
3,918
Octave
Specialty
Group,
Inc.*
1,773
9,486
Oscar
Health,
Inc.,
Class
a
A*
8,508
116,049
Palomar
Holdings,
Inc.*
1,133
140,163
ProAssurance
Corp.*
2,197
53,936
Root,
Inc.,
Class
a
A*
526
27,289
Safety
Insurance
Group,
Inc.
634
49,217
Selective
Insurance
Group,
Inc.
2,620
220,185
Selectquote,
Inc.*
6,035
5,191
SiriusPoint
Ltd.*
4,410
93,227
Skyward
Specialty
Insurance
Group,
Inc.*
1,540
71,564
Slide
Insurance
Holdings,
Inc.*
1,149
21,831
Stewart
Information
Services
Corp.
1,197
84,975
Tiptree,
Inc.,
Class
a
A
1,011
17,217
Trupanion,
Inc.*
1,595
42,331
United
Fire
Group,
Inc.
907
35,246
Universal
Insurance
Holdings,
Inc.
1,095
38,511
2,304,226
Interactive
Media
&
Services
—
0.3%
Angi,
Inc.,
Class
a
A*
1,553
12,082
Arena
Group
Holdings,
Inc.
(The)(b)
557
1,610
Bumble,
Inc.,
Class
a
A*
3,130
9,515
Cargurus,
Inc.,
Class
a
A*
3,539
108,647
Cars.com,
Inc.*
2,315
19,770
EverQuote,
Inc.,
Class
a
A*
1,254
19,813
fuboTV,
Inc.*
14,352
16,792
Getty
Images
Holdings,
Inc.(b)
4,733
3,682
Grindr,
Inc.*
1,408
16,023
MediaAlpha,
Inc.,
Class
a
A*
1,458
14,493
Nextdoor
Holdings,
Inc.*
9,368
16,394
QuinStreet,
Inc.*
2,381
27,905
Rumble,
Inc.(b)
4,590
24,832
Shutterstock,
Inc.
1,051
17,657
Teads
Holding
Co.(b)
1,568
1,342
Travelzoo*
268
1,729
TripAdvisor,
Inc.*
4,922
49,761
Webtoon
Entertainment,
Inc.(b)
771
8,674
Yelp,
Inc.,
Class
a
A*
2,604
58,043
Ziff
Davis,
Inc.*
1,750
47,390
ZipRecruiter,
Inc.,
Class
a
A*
2,692
4,873
481,027
IT
Services
—
0.5%
Applied
Digital
Corp.*
10,230
278,972
ASGN,
Inc.*
1,790
76,791
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
121
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Backblaze,
Inc.,
Class
a
A*
2,371
$
8,915
BigBear.ai
Holdings,
Inc.(b)
18,657
73,882
Commerce.com,
Inc.,
Series
1*
2,870
7,979
Crexendo,
Inc.*
743
4,339
CSP,
Inc.
299
2,694
DigitalOcean
Holdings,
Inc.*
2,944
165,041
Fastly,
Inc.,
Class
a
A*
6,004
114,797
Grid
Dynamics
Holdings,
Inc.*
2,869
19,366
Hackett
Group,
Inc.
(The)
1,081
14,766
Information
Services
Group,
Inc.
1,516
7,292
Rackspace
Technology,
Inc.(b)
3,594
7,008
TSS,
Inc.*
904
9,338
Tucows,
Inc.,
Class
a
A*
290
5,266
Unisys
Corp.*
2,868
6,969
VTEX,
Class
a
A*
2,416
8,287
Whitefiber,
Inc.*
469
7,903
819,605
Leisure
Products
—
0.4%
Acushnet
Holdings
Corp.
1,189
121,670
American
Outdoor
Brands,
Inc.*
526
4,787
Callaway
Golf
Co.*
5,680
79,861
Clarus
Corp.
1,269
4,010
Escalade,
Inc.
441
6,350
Funko,
Inc.,
Class
a
A*
1,751
8,755
JAKKS
Pacific,
Inc.
386
8,438
Johnson
Outdoors,
Inc.,
Class
a
A
252
12,219
Latham
Group,
Inc.*
1,932
12,964
Malibu
Boats,
Inc.,
Class
a
A*
795
23,103
Marine
Products
Corp.
377
2,861
MasterCraft
Boat
Holdings,
Inc.*
681
14,781
Peloton
Interactive,
Inc.,
Class
a
A*
17,044
68,517
Polaris,
Inc.
2,296
139,459
Smith
&
Wesson
Brands,
Inc.
1,892
22,515
Sturm
Ruger
&
Co.,
Inc.
609
22,801
553,091
Life
Sciences
Tools
&
Services
—
0.4%
10X
Genomics,
Inc.,
Class
a
A*
4,751
109,511
Adaptive
Biotechnologies
Corp.*
6,428
102,977
Alpha
Teknova,
Inc.*
465
1,200
Atlantic
International
Corp.*
228
718
Azenta,
Inc.*
1,756
47,377
BioLife
Solutions,
Inc.*
1,767
42,761
Codexis,
Inc.*
3,833
3,871
CryoPort,
Inc.*
2,100
17,682
Cytek
Biosciences,
Inc.*
5,055
22,646
Fortrea
Holdings,
Inc.*
3,930
42,130
Ginkgo
Bioworks
Holdings,
Inc.*
1,777
11,995
Lifecore
Biomedical,
Inc.*
1,202
8,654
Maravai
LifeSciences
Holdings,
Inc.,
Class
a
A*
4,699
16,729
MaxCyte,
Inc.*
4,349
3,528
Mesa
Laboratories,
Inc.
223
21,535
Investments
Shares
Value
Common
Stocks
(a)
(continued)
OmniAb,
Inc.*
4,524
$
7,781
Pacific
Biosciences
of
California,
Inc.*
11,874
19,948
Personalis,
Inc.*
2,159
19,561
Quanterix
Corp.*
1,897
12,425
Quantum-Si,
Inc.*
6,756
6,462
Standard
BioTools,
Inc.*
12,870
14,543
534,034
Machinery
—
3.5%
3D
Systems
Corp.*
5,362
10,349
Aebi
Schmidt
Holding
AG
1,601
23,086
AirJoule
Technologies
Corp.*
1,030
3,327
Alamo
Group,
Inc.
447
95,448
Albany
International
Corp.,
Class
a
A
1,270
73,215
Alliance
Laundry
Holdings,
Inc.*
1,884
42,258
Astec
Industries,
Inc.
983
61,034
Atmus
Filtration
Technologies,
Inc.
3,594
231,921
Blue
Bird
Corp.*
1,365
79,538
CECO
Environmental
Corp.*
1,268
76,651
Chart
Industries,
Inc.*
1,946
403,406
Columbus
McKinnon
Corp.
1,220
23,156
Douglas
Dynamics,
Inc.
974
44,726
Eastern
Co.
(The)
248
4,605
Energy
Recovery,
Inc.*
2,226
23,217
Enerpac
Tool
Group
Corp.,
Class
a
A
2,283
93,146
Enpro,
Inc.
911
235,630
ESCO
Technologies,
Inc.
1,117
309,733
Federal
Signal
Corp.
2,583
300,739
Franklin
Electric
Co.,
Inc.
1,671
166,465
Gencor
Industries,
Inc.*
447
6,982
Gorman-Rupp
Co.
(The)
903
58,000
Graham
Corp.*
449
36,468
Greenbrier
Cos.,
Inc.
(The)
1,301
73,402
Helios
Technologies,
Inc.
1,427
101,774
Hillman
Solutions
Corp.*
8,523
69,889
Hyster-Yale,
Inc.
503
18,525
JBT
Marel
Corp.
2,248
346,192
Kadant,
Inc.
505
171,281
Kennametal,
Inc.
3,277
131,998
L
B
Foster
Co.,
Class
a
A*
436
13,398
Lindsay
Corp.
469
63,174
Luxfer
Holdings
plc
1,149
14,788
Manitowoc
Co.,
Inc.
(The)*
1,484
21,889
Mayville
Engineering
Co.,
Inc.*
566
11,886
Microvast
Holdings,
Inc.*
8,556
19,165
Miller
Industries,
Inc.
475
19,964
Mueller
Water
Products,
Inc.,
Class
a
A
6,711
200,860
Omega
Flex,
Inc.
153
5,497
Palladyne
AI
Corp.(b)
1,301
9,146
Park-Ohio
Holdings
Corp.
420
10,811
Proto
Labs,
Inc.*
1,021
63,384
Richtech
Robotics,
Inc.,
Class
a
B(b)
6,591
16,412
SPX
Technologies,
Inc.*
2,073
470,447
Standex
International
Corp.
515
134,930
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
122
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Tennant
Co.
794
$
48,458
Terex
Corp.
4,825
331,912
Titan
International,
Inc.*
2,090
20,336
Trinity
Industries,
Inc.
3,462
118,331
Wabash
National
Corp.
1,697
17,225
Watts
Water
Technologies,
Inc.,
Class
a
A
1,180
387,913
Worthington
Enterprises,
Inc.
1,355
75,893
5,391,980
Marine
Transportation
—
0.2%
Costamare
Bulkers
Holdings
Ltd.*
377
7,193
Costamare,
Inc.
1,906
33,488
Genco
Shipping
&
Trading
Ltd.
1,362
32,756
Himalaya
Shipping
Ltd.
1,203
17,696
Matson,
Inc.
1,355
225,106
Pangaea
Logistics
Solutions
Ltd.
1,282
11,987
Safe
Bulkers,
Inc.
2,210
14,498
342,724
Media
—
0.8%
Advantage
Solutions,
Inc.*
4,053
2,117
AMC
Networks,
Inc.,
Class
a
A*
1,324
10,817
Boston
Omaha
Corp.,
Class
a
A*
938
11,584
Cable
One,
Inc.*
219
21,013
EchoStar
Corp.,
Class
a
A*
5,835
674,117
Emerald
Holding,
Inc.
598
2,494
Entravision
Communications
Corp.,
Class
a
A
2,673
8,286
EW
Scripps
Co.
(The),
Class
a
A*
2,731
11,334
Gambling.com
Group
Ltd.*
804
3,505
Gray
Media,
Inc.
3,781
19,623
Ibotta,
Inc.,
Class
a
A*
601
15,007
iHeartMedia,
Inc.,
Class
a
A*
5,231
17,105
John
Wiley
&
Sons,
Inc.,
Class
a
A
1,753
54,378
Magnite,
Inc.*
6,022
82,020
National
CineMedia,
Inc.
2,850
10,146
Newsmax,
Inc.,
Class
a
B(b)
2,044
12,162
Nexxen
International
Ltd.*
1,476
9,505
Optimum
Communications,
Inc.,
Class
a
A*
11,241
16,187
PubMatic,
Inc.,
Class
a
A*
1,618
13,106
Scholastic
Corp.
875
30,424
Sinclair,
Inc.
1,664
27,190
Stagwell,
Inc.,
Class
a
A*
4,807
23,170
TechTarget,
Inc.*
1,241
4,356
TEGNA,
Inc.
6,921
144,995
Thryv
Holdings,
Inc.*
1,602
3,717
USA
Today
Co.,
Inc.*
6,066
36,093
1,264,451
Metals
&
Mining
—
2.4%
Alpha
Metallurgical
Resources,
Inc.*
502
81,650
American
Battery
Technology
Co.*
4,866
17,956
Caledonia
Mining
Corp.
plc
707
22,440
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Century
Aluminum
Co.*
2,271
$
117,093
Coeur
Mining,
Inc.*
27,555
748,118
Commercial
Metals
Co.
4,791
351,180
Compass
Minerals
International,
Inc.*
1,487
37,472
Constellium
SE,
Class
a
A*
5,903
146,926
Contango
ORE,
Inc.*
477
14,343
Critical
Metals
Corp.(b)
1,946
19,752
Dakota
Gold
Corp.*
3,850
26,796
Ferroglobe
plc
5,142
26,276
Friedman
Industries,
Inc.
290
5,397
Hecla
Mining
Co.
27,356
681,438
Idaho
Strategic
Resources,
Inc.*
616
26,531
Ivanhoe
Electric,
Inc.*
4,585
78,816
Kaiser
Aluminum
Corp.
691
89,927
Lifezone
Metals
Ltd.*
1,194
5,552
Materion
Corp.
891
145,286
Metallus,
Inc.*
1,579
26,843
NioCorp
Developments
Ltd.*
4,610
24,433
Novagold
Resources,
Inc.*
13,037
173,653
Perpetua
Resources
Corp.*
3,656
134,760
Ramaco
Resources,
Inc.,
Class
a
A*
1,782
26,980
Ramaco
Resources,
Inc.,
Class
a
B
1
12
Ryerson
Holding
Corp.
1,896
49,599
SSR
Mining,
Inc.*
8,761
282,017
SunCoke
Energy,
Inc.
3,652
20,816
Tredegar
Corp.*
1,147
10,530
United
States
Antimony
Corp.*
5,116
45,737
US
Gold
Corp.*
509
11,045
US
Goldmining,
Inc.*
100
1,205
USA
Rare
Earth,
Inc.*
3,786
71,555
Vox
Royalty
Corp.
2,559
16,454
Warrior
Met
Coal,
Inc.
2,242
186,624
Worthington
Steel,
Inc.
1,414
58,766
3,783,978
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.7%
ACRES
Commercial
Realty
Corp.*
265
4,905
Adamas
Trust,
Inc.
3,659
30,150
Angel
Oak
Mortgage
REIT,
Inc.
586
5,028
Apollo
Commercial
Real
Estate
Finance,
Inc.
6,009
63,695
Arbor
Realty
Trust,
Inc.(b)
8,362
66,311
Ares
Commercial
Real
Estate
Corp.(b)
2,272
11,405
ARMOUR
Residential
REIT,
Inc.(b)
4,858
87,201
Blackstone
Mortgage
Trust,
Inc.,
Class
a
A
6,842
131,435
BrightSpire
Capital,
Inc.,
Class
a
A
5,550
32,246
Chicago
Atlantic
Real
Estate
Finance,
Inc.
780
9,477
Chimera
Investment
Corp.
3,517
47,866
Claros
Mortgage
Trust,
Inc.*
3,967
9,481
Dynex
Capital,
Inc.
6,324
88,726
Ellington
Financial,
Inc.
4,204
52,214
Franklin
BSP
Realty
Trust,
Inc.
3,520
32,138
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
123
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Invesco
Mortgage
Capital,
Inc.
3,085
$
26,007
KKR
Real
Estate
Finance
Trust,
Inc.
2,372
16,485
Ladder
Capital
Corp.,
Class
a
A
4,915
50,969
Lument
Finance
Trust,
Inc.
1,959
2,703
MFA
Financial,
Inc.
4,431
44,797
Nexpoint
Real
Estate
Finance,
Inc.
329
4,774
Orchid
Island
Capital,
Inc.
6,598
49,089
PennyMac
Mortgage
Investment
Trust
3,753
46,012
Ready
Capital
Corp.
6,379
11,801
Redwood
Trust,
Inc.
5,444
32,936
Rithm
Property
Trust,
Inc.
303
4,412
Seven
Hills
Realty
Trust
950
8,132
Sunrise
Realty
Trust,
Inc.
439
4,113
TPG
Mortgage
Investment
Trust,
Inc.
1,231
9,959
TPG
RE
Finance
Trust,
Inc.
2,899
24,526
Two
Harbors
Investment
Corp.
4,489
46,371
1,055,364
Multi-Utilities
—
0.4%
Avista
Corp.
3,500
142,170
Black
Hills
Corp.
3,161
232,839
Northwestern
Energy
Group,
Inc.
2,656
185,814
Unitil
Corp.
763
39,913
600,736
Office
REITs
—
0.4%
Brandywine
Realty
Trust,
REIT
7,409
23,635
COPT
Defense
Properties,
REIT
4,903
155,817
Douglas
Emmett,
Inc.,
REIT
6,971
68,943
Easterly
Government
Properties,
Inc.,
Class
a
A,
REIT
1,827
42,533
Empire
State
Realty
Trust,
Inc.,
Class
a
A,
REIT
6,020
35,398
Franklin
Street
Properties
Corp.,
REIT
3,403
2,800
Hudson
Pacific
Properties,
Inc.,
REIT*
2,285
16,543
JBG
SMITH
Properties,
REIT
2,573
39,135
NET
Lease
Office
Properties,
REIT
640
8,730
Peakstone
Realty
Trust,
REIT
1,583
33,021
Piedmont
Realty
Trust,
Inc.,
Class
a
A,
REIT*
5,348
40,591
Postal
Realty
Trust,
Inc.,
Class
a
A,
REIT
1,005
20,834
SL
Green
Realty
Corp.,
REIT
3,094
114,014
601,994
Oil,
Gas
&
Consumable
Fuels
—
3.0%
Ardmore
Shipping
Corp.
1,482
24,275
BKV
Corp.*
959
30,045
California
Resources
Corp.
3,152
185,464
Calumet,
Inc.*
2,968
80,017
Centrus
Energy
Corp.,
Class
a
A*
726
147,080
Clean
Energy
Fuels
Corp.*
7,475
16,894
CNX
Resources
Corp.*
5,616
234,636
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Comstock
Resources,
Inc.*
3,186
$
62,477
Core
Natural
Resources,
Inc.
2,192
179,919
Crescent
Energy
Co.,
Class
a
A
10,140
118,232
CVR
Energy,
Inc.*
1,330
32,133
Delek
US
Holdings,
Inc.
2,567
97,828
DHT
Holdings,
Inc.
5,820
113,432
Diversified
Energy
Co.
2,673
36,780
Dorian
LPG
Ltd.
1,598
59,110
Empire
Petroleum
Corp.*
666
2,198
Encore
Energy
Corp.*
7,920
21,384
Energy
Fuels,
Inc.*
9,829
209,554
Epsilon
Energy
Ltd.
825
4,224
Evolution
Petroleum
Corp.
1,360
6,079
Excelerate
Energy,
Inc.,
Class
a
A
1,023
41,176
FLEX
LNG
Ltd.(b)
1,347
36,800
FutureFuel
Corp.
1,081
4,670
Gevo,
Inc.*
9,952
18,113
Golar
LNG
Ltd.
4,205
186,954
Granite
Ridge
Resources,
Inc.
2,327
11,775
Green
Plains,
Inc.*
2,887
39,639
Gulfport
Energy
Corp.*
684
142,723
HighPeak
Energy,
Inc.
956
4,981
Infinity
Natural
Resources,
Inc.,
Class
a
A*
659
10,939
International
Seaways,
Inc.
1,730
130,667
Kinetik
Holdings,
Inc.,
Class
a
A
1,906
86,704
Kolibri
Global
Energy,
Inc.*
1,281
4,893
Kosmos
Energy
Ltd.*
20,405
47,544
Lightbridge
Corp.*
1,151
14,882
Magnolia
Oil
&
Gas
Corp.,
Class
a
A
7,789
216,690
Murphy
Oil
Corp.
5,817
192,834
NACCO
Industries,
Inc.,
Class
a
A
171
9,812
Navigator
Holdings
Ltd.
1,360
28,587
New
Fortress
Energy,
Inc.(b)
7,550
8,230
NextDecade
Corp.*
5,840
31,478
NextNRG,
Inc.*
1,540
1,015
Nordic
American
Tankers
Ltd.
8,823
50,556
Northern
Oil
&
Gas,
Inc.
4,125
113,809
OPAL
Fuels,
Inc.,
Class
a
A*
909
1,900
Par
Pacific
Holdings,
Inc.*
2,150
91,741
PBF
Energy,
Inc.,
Class
a
A
3,608
128,445
Peabody
Energy
Corp.
5,265
166,058
Prairie
Operating
Co.*
1,236
2,188
PrimeEnergy
Resources
Corp.*
17
3,381
REX
American
Resources
Corp.*
1,239
44,059
Riley
Exploration
Permian,
Inc.
636
18,342
Sable
Offshore
Corp.*
3,272
26,994
SandRidge
Energy,
Inc.
1,564
27,417
Scorpio
Tankers,
Inc.
1,942
153,573
SFL
Corp.
Ltd.
5,218
57,450
SM
Energy
Co.
10,728
248,139
Summit
Midstream
Corp.*
407
12,011
Talos
Energy,
Inc.*
5,619
68,833
Teekay
Corp.
Ltd.
2,288
29,630
Teekay
Tankers
Ltd.,
Class
a
A
1,036
81,088
Uranium
Energy
Corp.*
20,566
315,277
VAALCO
Energy,
Inc.
4,453
22,933
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
124
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Verde
Clean
Fuels,
Inc.*
177
$
267
Vitesse
Energy,
Inc.
1,268
24,485
W&T
Offshore,
Inc.
4,266
11,305
World
Kinect
Corp.
2,332
58,183
XCF
Global,
Inc.,
Class
a
A*
1,616
335
4,691,266
Paper
&
Forest
Products
—
0.1%
Clearwater
Paper
Corp.*
670
10,043
Magnera
Corp.*
1,376
17,819
Sylvamo
Corp.
1,478
68,432
96,294
Passenger
Airlines
—
0.4%
Allegiant
Travel
Co.*
622
63,537
flyExclusive,
Inc.*
221
449
Frontier
Group
Holdings,
Inc.*
3,640
16,162
JetBlue
Airways
Corp.*
12,780
70,801
Joby
Aviation,
Inc.*
22,180
223,131
SkyWest,
Inc.*
1,741
181,203
Sun
Country
Airlines
Holdings,
Inc.*
2,200
43,296
598,579
Personal
Care
Products
—
0.2%
Beauty
Health
Co.
(The)*
4,916
5,113
Edgewell
Personal
Care
Co.
1,936
44,025
FitLife
Brands,
Inc.(b)
167
2,527
Herbalife
Ltd.*
4,403
85,946
Honest
Co.,
Inc.
(The)*
4,012
11,234
Interparfums,
Inc.
789
79,515
Lifevantage
Corp.(b)
459
2,134
Medifast,
Inc.(b)
463
4,875
Nature's
Sunshine
Products,
Inc.*
716
19,819
Niagen
Bioscience,
Inc.*
2,274
11,484
Nu
Skin
Enterprises,
Inc.,
Class
a
A
2,102
17,825
Olaplex
Holdings,
Inc.*
6,039
9,723
USANA
Health
Sciences,
Inc.*
464
9,985
Waldencast
plc,
Class
a
A*
1,821
3,077
307,282
Pharmaceuticals
—
2.0%
Aardvark
Therapeutics,
Inc.*
546
6,820
Aclaris
Therapeutics,
Inc.*
3,945
11,322
Alumis,
Inc.*
2,429
72,117
Amneal
Pharmaceuticals,
Inc.*
6,473
89,392
Amphastar
Pharmaceuticals,
Inc.*
1,563
31,619
Amylyx
Pharmaceuticals,
Inc.*
3,816
57,889
ANI
Pharmaceuticals,
Inc.*
782
57,790
Aquestive
Therapeutics,
Inc.(b)
4,490
17,960
Arvinas,
Inc.*
2,822
37,448
Atea
Pharmaceuticals,
Inc.*
3,055
14,297
Atrium
Therapeutics,
Inc.*
495
7,294
Axsome
Therapeutics,
Inc.*
1,765
289,266
BioAge
Labs,
Inc.*
1,018
22,671
Biote
Corp.,
Class
a
A*
1,252
2,654
Collegium
Pharmaceutical,
Inc.*
1,353
56,380
Investments
Shares
Value
Common
Stocks
(a)
(continued)
CorMedix,
Inc.(b)
3,191
$
22,752
Crinetics
Pharmaceuticals,
Inc.*
4,207
172,908
Definium
Therapeutics,
Inc.*
4,050
70,673
Edgewise
Therapeutics,
Inc.*
2,900
88,276
Enliven
Therapeutics,
Inc.*
1,694
50,295
Esperion
Therapeutics,
Inc.*
10,062
33,708
Eton
Pharmaceuticals,
Inc.*
1,103
18,740
Evolus,
Inc.*
2,231
9,593
EyePoint,
Inc.*
3,252
57,105
Fulcrum
Therapeutics,
Inc.*
1,852
15,520
Harmony
Biosciences
Holdings,
Inc.*
1,884
53,769
Harrow,
Inc.*
1,359
73,631
Indivior
Pharmaceuticals,
Inc.*
5,217
170,700
Innoviva,
Inc.*
2,706
62,130
Journey
Medical
Corp.*
619
5,057
LB
Pharmaceuticals,
Inc.*
828
19,880
LENZ
Therapeutics,
Inc.(b)
694
9,362
Ligand
Pharmaceuticals,
Inc.*
834
165,391
Liquidia
Corp.*
2,759
85,584
Maze
Therapeutics,
Inc.*
924
42,125
MBX
Biosciences,
Inc.*
1,226
39,906
MediWound
Ltd.(b)
421
7,283
Nuvation
Bio,
Inc.*
10,375
61,316
Ocular
Therapeutix,
Inc.*
8,003
71,547
Omeros
Corp.(b)
2,833
34,138
Pacira
BioSciences,
Inc.*
1,921
42,089
Phathom
Pharmaceuticals,
Inc.*
1,708
21,452
Phibro
Animal
Health
Corp.,
Class
a
A
881
48,094
Prestige
Consumer
Healthcare,
Inc.*
2,128
147,470
Rapport
Therapeutics,
Inc.*
1,226
35,591
Septerna,
Inc.*
921
26,727
SIGA
Technologies,
Inc.
1,764
11,413
Supernus
Pharmaceuticals,
Inc.*
2,321
127,028
Tarsus
Pharmaceuticals,
Inc.*
1,686
127,327
Terns
Pharmaceuticals,
Inc.*
3,688
155,339
Theravance
Biopharma,
Inc.*
1,628
29,711
Third
Harmonic
Bio,
Inc.*‡
522
—
Trevi
Therapeutics,
Inc.*
3,905
46,548
Tvardi
Therapeutics,
Inc.*
228
910
WaVe
Life
Sciences
Ltd.*
4,980
69,371
Xeris
Biopharma
Holdings,
Inc.*
6,604
40,416
Zevra
Therapeutics,
Inc.*
2,396
21,396
3,167,190
Professional
Services
—
1.2%
Alight,
Inc.,
Class
a
A
18,551
16,319
Asure
Software,
Inc.*
1,086
9,926
Barrett
Business
Services,
Inc.
1,073
29,797
BlackSky
Technology,
Inc.*
1,336
25,184
CBIZ,
Inc.*
2,125
60,860
Conduent,
Inc.*
6,260
9,140
CRA
International,
Inc.
276
47,654
CSG
Systems
International,
Inc.
1,197
95,640
Exponent,
Inc.
2,188
159,243
Falcon's
Beyond
Global,
Inc.,
Class
a
A(b)
625
4,050
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
125
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
First
Advantage
Corp.*
3,407
$
39,215
Forrester
Research,
Inc.*
492
2,942
Franklin
Covey
Co.*
463
6,028
HireQuest,
Inc.
239
2,787
Huron
Consulting
Group,
Inc.*
734
103,788
IBEX
Holdings
Ltd.*
434
12,543
ICF
International,
Inc.
791
65,756
Innodata,
Inc.(b)
1,320
58,304
Insperity,
Inc.
1,553
34,492
Kelly
Services,
Inc.,
Class
a
A
1,318
12,798
Kforce,
Inc.
770
20,805
Korn
Ferry
2,256
141,384
Legalzoom.com,
Inc.*
5,483
38,545
Maximus,
Inc.
2,433
183,959
Mistras
Group,
Inc.*
533
8,144
Planet
Labs
PBC*
10,249
247,411
RCM
Technologies,
Inc.*
210
3,971
Resolute
Holdings
Management,
Inc.*
183
30,845
Resources
Connection,
Inc.
1,344
5,053
Skillsoft
Corp.(b)
217
909
Spire
Global,
Inc.*
1,179
10,434
TIC
Solutions,
Inc.*
8,586
81,309
TriNet
Group,
Inc.
1,287
49,009
TrueBlue,
Inc.*
1,232
5,211
TTEC
Holdings,
Inc.(b)
863
2,158
Upwork,
Inc.*
5,294
71,045
Verra
Mobility
Corp.,
Class
a
A*
6,874
114,865
Willdan
Group,
Inc.*
605
53,930
1,865,453
Real
Estate
Management
&
Development
—
0.5%
American
Realty
Investors,
Inc.*
55
941
Compass,
Inc.,
Class
a
A*
27,630
269,393
Cushman
&
Wakefield
Ltd.*
9,962
133,590
Douglas
Elliman,
Inc.*
3,152
7,187
eXp
World
Holdings,
Inc.
3,787
26,395
Forestar
Group,
Inc.*
831
23,866
FRP
Holdings,
Inc.*
500
11,970
Kennedy-Wilson
Holdings,
Inc.
5,205
56,630
Logistic
Properties
of
The
Americas,
Class
a
A*
134
338
Marcus
&
Millichap,
Inc.
1,034
27,308
Maui
Land
&
Pineapple
Co.,
Inc.*
294
4,836
Newmark
Group,
Inc.,
Class
a
A
6,368
92,463
RE/MAX
Holdings,
Inc.,
Class
a
A*
786
4,944
Real
Brokerage,
Inc.
(The)*
5,695
15,092
RMR
Group,
Inc.
(The),
Class
a
A
667
10,925
Seaport
Entertainment
Group,
Inc.*
322
7,522
St
Joe
Co.
(The)
1,638
118,215
Stratus
Properties,
Inc.*
288
8,790
Tejon
Ranch
Co.*
907
15,972
Transcontinental
Realty
Investors,
Inc.*
83
3,044
839,421
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Residential
REITs
—
0.2%
BRT
Apartments
Corp.,
REIT
466
$
6,836
Centerspace,
REIT
725
45,602
Clipper
Realty,
Inc.,
REIT
595
1,833
Independence
Realty
Trust,
Inc.,
REIT
10,356
171,599
NexPoint
Residential
Trust,
Inc.,
REIT
967
27,260
UMH
Properties,
Inc.,
REIT
3,457
52,131
Veris
Residential,
Inc.,
REIT
3,249
61,244
366,505
Retail
REITs
—
1.0%
Acadia
Realty
Trust,
REIT
5,680
118,826
Alexander's,
Inc.,
REIT
94
22,054
CBL
&
Associates
Properties,
Inc.,
REIT
786
29,695
Curbline
Properties
Corp.,
REIT
4,192
116,580
FrontView
REIT,
Inc.
890
14,747
Getty
Realty
Corp.,
REIT
2,325
76,306
InvenTrust
Properties
Corp.,
REIT
3,356
104,707
Kite
Realty
Group
Trust,
REIT
9,362
243,880
Macerich
Co.
(The),
REIT
10,930
223,737
NETSTREIT
Corp.,
REIT(b)
3,618
75,146
Phillips
Edison
&
Co.,
Inc.,
REIT
5,434
213,448
Saul
Centers,
Inc.,
REIT
527
17,960
SITE
Centers
Corp.,
REIT
2,162
13,318
Tanger,
Inc.,
REIT
4,808
178,184
Urban
Edge
Properties,
REIT
5,475
116,344
Whitestone
REIT
1,941
29,484
1,594,416
Semiconductors
&
Semiconductor
Equipment
—
3.0%
ACM
Research,
Inc.,
Class
a
A*
2,174
121,048
Aehr
Test
Systems*
1,226
45,889
Aeluma,
Inc.(b)
564
8,725
Alpha
&
Omega
Semiconductor
Ltd.*
1,078
22,649
Ambarella,
Inc.*
1,753
105,776
Ambiq
Micro,
Inc.*
199
6,109
Atomera,
Inc.(b)
1,296
6,532
Axcelis
Technologies,
Inc.*
1,335
110,284
Blaize
Holdings,
Inc.*
3,339
3,940
CEVA,
Inc.*
1,005
20,964
Cohu,
Inc.*
1,965
59,343
Credo
Technology
Group
Holding
Ltd.*
6,603
741,319
Diodes,
Inc.*
1,973
134,618
FormFactor,
Inc.*
3,350
331,248
Ichor
Holdings
Ltd.*
1,463
69,566
Impinj,
Inc.*
1,159
142,163
indie
Semiconductor,
Inc.,
Class
a
A(b)
8,428
30,847
Kopin
Corp.(b)
7,703
17,024
Kulicke
&
Soffa
Industries,
Inc.
2,192
152,826
MaxLinear,
Inc.,
Class
a
A*
3,551
61,894
Navitas
Semiconductor
Corp.,
Class
a
A*
6,883
61,947
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
126
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
NVE
Corp.
207
$
14,250
PDF
Solutions,
Inc.*
1,374
46,414
Penguin
Solutions,
Inc.*
2,239
46,526
Photronics,
Inc.*
2,456
91,928
Power
Integrations,
Inc.
2,408
115,391
Rambus,
Inc.*
4,643
462,721
Rigetti
Computing,
Inc.*
13,747
239,473
Semtech
Corp.*
3,752
338,506
Silicon
Laboratories,
Inc.*
1,404
287,160
SiTime
Corp.*
929
369,631
SkyWater
Technology,
Inc.*
1,305
38,445
Synaptics,
Inc.*
1,674
136,364
Ultra
Clean
Holdings,
Inc.*
1,921
116,566
Veeco
Instruments,
Inc.*
2,555
78,081
4,636,167
Software
—
3.9%
8x8,
Inc.*
5,751
12,307
A10
Networks,
Inc.
3,096
59,629
ACI
Worldwide,
Inc.*
4,452
176,655
Adeia,
Inc.
4,678
96,788
Agilysys,
Inc.*
1,113
80,325
Airship
AI
Holdings,
Inc.*
986
2,692
Alarm.com
Holdings,
Inc.*
2,049
98,045
Alkami
Technology,
Inc.*
2,967
49,089
Amplitude,
Inc.,
Class
a
A*
3,972
28,996
Appian
Corp.,
Class
a
A*
1,697
45,259
Arteris,
Inc.*
1,304
22,155
Asana,
Inc.,
Class
a
A*
3,728
26,469
AudioEye,
Inc.*
342
2,332
AvePoint,
Inc.*
6,323
68,162
Bit
Digital,
Inc.*
13,686
22,856
Bitdeer
Technologies
Group,
Class
a
A*
4,241
32,656
Blackbaud,
Inc.*
1,645
79,848
BlackLine,
Inc.*
2,240
78,960
Blend
Labs,
Inc.,
Class
a
A*
8,487
14,258
Box,
Inc.,
Class
a
A*
6,044
142,336
Braze,
Inc.,
Class
a
A*
3,670
69,693
C3.ai,
Inc.,
Class
a
A*
5,414
43,041
Cerence,
Inc.*
1,741
13,771
Chaince
Digital
Holdings,
Inc.*
1,749
10,267
Cipher
Digital,
Inc.*
13,961
217,792
Cleanspark,
Inc.*
11,941
118,813
Clear
Secure,
Inc.,
Class
a
A
3,718
180,844
Clearwater
Analytics
Holdings,
Inc.,
Class
a
A*
12,009
280,890
Commvault
Systems,
Inc.*
1,924
163,694
Consensus
Cloud
Solutions,
Inc.*
812
24,425
Core
Scientific,
Inc.*
12,490
211,955
CS
Disco,
Inc.*
1,042
3,386
Daily
Journal
Corp.*
52
26,495
Digimarc
Corp.(b)
669
2,947
Digital
Turbine,
Inc.*
4,665
18,940
Domo,
Inc.,
Class
a
B*
1,442
5,177
D-Wave
Quantum,
Inc.(b)
14,405
270,526
eGain
Corp.*
692
6,463
EverCommerce,
Inc.(b)
631
7,244
Expensify,
Inc.,
Class
a
A*
2,568
2,440
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Five9,
Inc.*
3,332
$
58,110
Freshworks,
Inc.,
Class
a
A*
8,646
67,612
Hut
8
Corp.*
4,120
219,308
I3
Verticals,
Inc.,
Class
a
A*
1,010
22,604
Intapp,
Inc.*
2,459
55,155
InterDigital,
Inc.
1,114
408,314
Kaltura,
Inc.*
3,881
5,395
Life360,
Inc.*
883
46,490
LiveRamp
Holdings,
Inc.*
2,783
75,614
MARA
Holdings,
Inc.*
15,992
142,968
Mitek
Systems,
Inc.*
1,914
27,906
N-able,
Inc.*
3,103
13,653
NCR
Voyix
Corp.*
5,986
45,733
NextNav,
Inc.(b)
4,079
65,631
ON24,
Inc.*
1,609
12,888
OneSpan,
Inc.
1,553
17,145
Ooma,
Inc.*
1,092
13,497
Pagaya
Technologies
Ltd.,
Class
a
A*
2,195
24,562
PagerDuty,
Inc.*
3,842
27,125
PAR
Technology
Corp.*
1,725
28,273
Porch
Group,
Inc.*
3,731
30,631
Progress
Software
Corp.*
1,843
77,185
Q2
Holdings,
Inc.*
2,677
128,817
Qualys,
Inc.*
1,573
145,455
Rapid7,
Inc.*
2,747
17,086
Red
Violet,
Inc.*
485
21,005
ReposiTrak,
Inc.
483
4,202
Rezolve
AI
plc*
7,715
17,976
Rimini
Street,
Inc.*
2,096
7,797
Riot
Platforms,
Inc.*
15,007
244,464
SEMrush
Holdings,
Inc.,
Class
a
A*
2,202
26,028
Silvaco
Group,
Inc.*
348
1,169
SoundHound
AI,
Inc.,
Class
a
A(b)
16,133
138,744
SoundThinking,
Inc.*
412
3,008
Sprinklr,
Inc.,
Class
a
A*
4,841
28,175
Sprout
Social,
Inc.,
Class
a
A*
2,257
14,558
SPS
Commerce,
Inc.*
1,638
92,563
Telos
Corp.*
2,291
9,210
Tenable
Holdings,
Inc.*
5,225
100,477
Terawulf,
Inc.(b)
13,055
211,752
Varonis
Systems,
Inc.,
Class
a
B*
5,005
115,615
Vertex,
Inc.,
Class
a
A*
3,018
43,701
Via
Transportation,
Inc.,
Class
a
A*
445
7,645
Viant
Technology,
Inc.,
Class
a
A*
639
6,473
Weave
Communications,
Inc.*
2,613
13,170
WM
Technology,
Inc.*
3,854
2,576
Workiva,
Inc.,
Class
a
A*
2,165
133,321
Xperi,
Inc.*
1,950
11,953
Yext,
Inc.*
4,366
24,799
Zeta
Global
Holdings
Corp.,
Class
a
A*
8,107
137,414
6,013,572
Specialized
REITs
—
0.3%
Farmland
Partners,
Inc.,
REIT
1,674
21,829
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
127
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Four
Corners
Property
Trust,
Inc.,
REIT
4,557
$
116,295
Gladstone
Land
Corp.,
REIT
1,465
17,990
Outfront
Media,
Inc.,
REIT
6,363
183,318
Safehold,
Inc.,
REIT
2,416
38,994
Smartstop
Self
Storage
REIT,
Inc.,
REIT
1,342
44,756
423,182
Specialty
Retail
—
1.8%
1-800-Flowers.com,
Inc.,
Class
a
A*
998
3,473
Abercrombie
&
Fitch
Co.,
Class
a
A*
2,006
196,187
Academy
Sports
&
Outdoors,
Inc.
2,855
171,671
Advance
Auto
Parts,
Inc.
2,581
137,232
American
Eagle
Outfitters,
Inc.
6,862
168,599
America's
Car-Mart,
Inc.*
307
6,128
Arhaus,
Inc.,
Class
a
A*
2,201
18,158
Arko
Corp.
3,251
20,904
Asbury
Automotive
Group,
Inc.*
836
178,720
BARK,
Inc.*
3,971
3,103
Barnes
&
Noble
Education,
Inc.*
692
5,986
Bed
Bath
&
Beyond,
Inc.*
2,950
15,723
Boot
Barn
Holdings,
Inc.*
1,322
250,149
Buckle,
Inc.
(The)
1,361
72,882
Build-A-Bear
Workshop,
Inc.
532
25,887
Caleres,
Inc.
1,421
16,896
Camping
World
Holdings,
Inc.,
Class
a
A
2,591
21,557
Citi
Trends,
Inc.*
204
9,666
Designer
Brands,
Inc.,
Class
a
A(b)
1,437
10,231
Envela
Corp.*
287
3,863
EVgo,
Inc.,
Class
a
A*
5,513
15,106
Genesco,
Inc.*
429
11,686
Group
1
Automotive,
Inc.
527
171,665
Haverty
Furniture
Cos.,
Inc.
583
13,881
J
Jill,
Inc.
316
5,457
Lands'
End,
Inc.*
398
6,396
MarineMax,
Inc.*
817
24,918
Monro,
Inc.
1,285
27,666
National
Vision
Holdings,
Inc.*
3,351
90,376
OneWater
Marine,
Inc.,
Class
a
A*
488
5,556
Outdoor
Holding
Co.*
3,730
7,945
Petco
Health
&
Wellness
Co.,
Inc.,
Class
a
A*
3,415
8,708
RealReal,
Inc.
(The)*
4,326
53,037
Revolve
Group,
Inc.,
Class
a
A*
1,743
43,854
Sally
Beauty
Holdings,
Inc.*
4,267
68,571
Shoe
Carnival,
Inc.
780
15,748
Signet
Jewelers
Ltd.
1,724
165,832
Sleep
Number
Corp.*
789
4,868
Sonic
Automotive,
Inc.,
Class
a
A
643
40,329
Stitch
Fix,
Inc.,
Class
a
A*
4,807
16,007
ThredUp,
Inc.,
Class
a
A*
4,218
20,584
Torrid
Holdings,
Inc.(b)
1,449
1,478
Upbound
Group,
Inc.
2,258
48,434
Urban
Outfitters,
Inc.*
2,635
174,437
Victoria's
Secret
&
Co.*
2,983
187,034
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Warby
Parker,
Inc.,
Class
a
A*
4,228
$
105,742
Winmark
Corp.
129
58,855
Zumiez,
Inc.*
571
14,972
2,746,157
Technology
Hardware,
Storage
&
Peripherals
—
0.5%
Corsair
Gaming,
Inc.*
2,009
11,029
CPI
Card
Group,
Inc.*
255
3,128
Diebold
Nixdorf,
Inc.*
1,065
85,200
Eastman
Kodak
Co.*
2,073
15,174
GPGI,
Inc.,
Class
a
A
2,471
55,474
Immersion
Corp.
1,208
7,381
IonQ,
Inc.(b)
14,561
558,706
Quantum
Computing,
Inc.(b)
8,673
72,940
Turtle
Beach
Corp.*
678
8,502
Xerox
Holdings
Corp.
5,064
9,115
826,649
Textiles,
Apparel
&
Luxury
Goods
—
0.4%
Capri
Holdings
Ltd.*
5,009
102,734
Carter's,
Inc.
1,533
51,432
Ermenegildo
Zegna
NV(b)
2,659
29,967
Figs,
Inc.,
Class
a
A*
3,806
58,803
G-III
Apparel
Group
Ltd.
1,564
47,843
Kontoor
Brands,
Inc.
2,371
154,613
Lakeland
Industries,
Inc.
364
3,338
Movado
Group,
Inc.
653
16,292
Oxford
Industries,
Inc.
608
24,071
Rocky
Brands,
Inc.
305
13,786
Steven
Madden
Ltd.
3,091
111,585
Superior
Group
of
Cos.,
Inc.
471
4,677
Wolverine
World
Wide,
Inc.
3,469
61,297
680,438
Tobacco
—
0.1%
Ispire
Technology,
Inc.*
809
1,901
Turning
Point
Brands,
Inc.
746
102,195
Universal
Corp.
1,043
56,040
160,136
Trading
Companies
&
Distributors
—
0.9%
Alta
Equipment
Group,
Inc.
844
5,823
BlueLinx
Holdings,
Inc.*
329
21,688
Boise
Cascade
Co.
1,622
134,204
Custom
Truck
One
Source,
Inc.*
2,590
18,544
Distribution
Solutions
Group,
Inc.*
424
12,678
DNOW,
Inc.*
7,997
94,205
DXP
Enterprises,
Inc.*
563
77,959
EVI
Industries,
Inc.
216
4,197
GATX
Corp.
1,546
284,727
Global
Industrial
Co.
618
20,382
Herc
Holdings,
Inc.
1,407
196,684
Hudson
Technologies,
Inc.*
1,653
11,753
Karat
Packaging,
Inc.
368
9,071
McGrath
RentCorp
1,058
117,385
NPK
International,
Inc.*
3,528
50,909
Rush
Enterprises,
Inc.,
Class
a
A
2,631
186,722
Rush
Enterprises,
Inc.,
Class
a
B
370
23,920
RUSSELL
2000
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
128
ITWO
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Titan
Machinery,
Inc.*
910
$
17,736
Transcat,
Inc.*
392
30,564
Willis
Lease
Finance
Corp.
122
24,853
Xometry,
Inc.,
Class
a
A*
1,872
76,780
1,420,784
Transportation
Infrastructure
—
0.0%(d)
Sky
Harbour
Group
Corp.*
916
8,042
Water
Utilities
—
0.3%
American
States
Water
Co.
1,667
124,241
Cadiz,
Inc.*
2,363
12,288
California
Water
Service
Group
2,571
115,901
Consolidated
Water
Co.
Ltd.
648
24,527
Global
Water
Resources,
Inc.
540
4,946
H2O
America
1,434
77,135
Middlesex
Water
Co.
787
42,498
Pure
Cycle
Corp.*
897
9,481
York
Water
Co.
(The)
620
20,386
431,403
Wireless
Telecommunication
Services
—
0.1%
Gogo,
Inc.*
3,353
14,183
Spok
Holdings,
Inc.
874
10,610
Telephone
and
Data
Systems,
Inc.
4,282
191,620
216,413
Total
Common
Stocks
(Cost
$119,652,813)
131,595,186
Number
of
Rights
Rights
—
0
.0
%
(d)
Oil,
Gas
&
Consumable
Fuels
—
0.0%
(d)
Empire
Petroleum
Corp.,
expiring
3/18/2026(b)
(Cost
$–)
592
18
Shares
Securities
Lending
Reinvestments
(e)
—
1
.7
%
Investment
Companies
—
1
.7
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(f)
(Cost
$2,673,336)
2,673,336
2,673,336
Investments
Principal
Amount
Value
Short-Term
Investments
—
13
.4
%
Repurchase
Agreements
(g)
—
13
.4
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$20,879,013
(Cost
$20,872,824)
$
20,872,824
$
20,872,824
Total
Investments
—
99.9%
(Cost
$143,198,973)
155,141,364
Other
assets
less
liabilities
—
0.1%
158,930
Net
Assets
—
100.0%
$
155,300,294
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$29,217,525.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$3,597,537,
collateralized
in
the
form
of
cash
with
a
value
of
$2,673,336
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$1,214,663
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.75%,
and
maturity
dates
ranging
from
March
12,
2026
–
May
15,
2055.
The
total
value
of
collateral
is
$3,887,999.
(c)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(d)
Represents
less
than
0.05%
of
net
assets.
(e)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$2,673,336.
(f)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(g)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
2000
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
129
ITWO
::
Futures
Contracts
Purchased
Russell
2000
High
Income
ETF
had
the
following
open
long
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
Russell
2000
®
E-mini
Index
171
3/20/2026
U.S.
Dollar
$
22,526,685
$
409,920
Swap
Agreements
Russell
2000
High
Income
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
10,050,831
3/8/2027
BNP
Paribas
N/A
Russell
2000
®
Daily
Covered
Call
Index
167
143,906,087
4/6/2027
Goldman
Sachs
International
N/A
Russell
2000
®
Daily
Covered
Call
Index
(
1,159,576
)
153,956,918
(
1,159,409
)
Total
Unrealized
Appreciation
167
Total
Unrealized
Depreciation
(
1,159,576
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
No
financing
fee
is
paid
or
received
on
this
swap.
RUSSELL
U.S.
DIVIDEND
GROWERS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
130
TMDV
::
Investments
Shares
Value
Common
Stocks
—
99
.7
%
Banks
—
4.4%
Commerce
Bancshares,
Inc.
1,252
$
63,839
Community
Trust
Bancorp,
Inc.
1,145
68,746
United
Bankshares,
Inc.
1,720
71,036
203,621
Beverages
—
4.6%
Brown-Forman
Corp.,
Class
a
B
2,151
62,078
Coca-Cola
Co.
(The)
934
76,177
PepsiCo,
Inc.
451
76,553
214,808
Building
Products
—
1.7%
Carlisle
Cos.,
Inc.
202
79,744
Capital
Markets
—
4.1%
Franklin
Resources,
Inc.
2,794
74,153
S&P
Global,
Inc.
131
57,886
T.
Rowe
Price
Group,
Inc.
613
58,008
190,047
Chemicals
—
9.4%
Air
Products
and
Chemicals,
Inc.
251
69,193
HB
Fuller
Co.
1,124
73,869
PPG
Industries,
Inc.
647
79,756
RPM
International,
Inc.
621
70,868
Sherwin-Williams
Co.
(The)
196
71,068
Stepan
Co.
1,448
73,689
438,443
Commercial
Services
&
Supplies
—
3.1%
ABM
Industries,
Inc.
1,465
65,193
MSA
Safety,
Inc.
403
78,750
143,943
Consumer
Staples
Distribution
&
Retail
—
5.0%
Sysco
Corp.
894
81,497
Target
Corp.
709
80,677
Walmart,
Inc.
568
72,676
234,850
Containers
&
Packaging
—
1.9%
Sonoco
Products
Co.
1,578
89,110
Distributors
—
1.3%
Genuine
Parts
Co.
502
59,868
Electrical
Equipment
—
1.5%
Emerson
Electric
Co.
476
71,757
Food
Products
—
7.7%
Archer-Daniels-Midland
Co.
1,108
76,496
Hormel
Foods
Corp.
2,686
68,762
Marzetti
Co.
(The)
409
67,215
McCormick
&
Co.,
Inc.
(Non-Voting)
1,033
73,384
Investments
Shares
Value
Common
Stocks
(continued)
Tootsie
Roll
Industries,
Inc.
1,739
$
73,438
359,295
Gas
Utilities
—
4.7%
Atmos
Energy
Corp.
382
71,354
National
Fuel
Gas
Co.
799
72,733
Northwest
Natural
Holding
Co.
1,414
74,998
219,085
Health
Care
Equipment
&
Supplies
—
3.9%
Abbott
Laboratories
523
60,851
Becton
Dickinson
&
Co.
337
59,474
Medtronic
plc
645
62,990
183,315
Health
Care
REITs
—
1.5%
Universal
Health
Realty
Income
Trust,
REIT
1,641
71,580
Hotels,
Restaurants
&
Leisure
—
1.5%
McDonald's
Corp.
210
71,623
Household
Products
—
6.6%
Clorox
Co.
(The)
623
79,221
Colgate-Palmolive
Co.
838
83,079
Kimberly-Clark
Corp.
635
70,765
Procter
&
Gamble
Co.
(The)
456
76,243
309,308
Insurance
—
5.6%
Aflac,
Inc.
598
67,532
Cincinnati
Financial
Corp.
403
66,084
Old
Republic
International
Corp.
1,522
65,248
RLI
Corp.
1,047
65,249
264,113
Machinery
—
8.6%
Dover
Corp.
342
77,121
Gorman-Rupp
Co.
(The)
1,414
90,821
Illinois
Tool
Works,
Inc.
262
76,145
Nordson
Corp.
274
80,403
Stanley
Black
&
Decker,
Inc.
902
78,014
402,504
Metals
&
Mining
—
1.6%
Nucor
Corp.
410
72,521
Multi-Utilities
—
3.1%
Black
Hills
Corp.
935
68,872
Consolidated
Edison,
Inc.
677
76,176
145,048
Oil,
Gas
&
Consumable
Fuels
—
1.7%
Chevron
Corp.
436
81,427
Pharmaceuticals
—
1.7%
Johnson
&
Johnson
324
80,491
FEBRUARY
28,
2026
(Unaudited)
::
RUSSELL
U.S.
DIVIDEND
GROWERS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
131
TMDV
::
Investments
Shares
Value
Common
Stocks
(continued)
Professional
Services
—
1.1%
Automatic
Data
Processing,
Inc.
250
$
53,590
Retail
REITs
—
3.1%
Federal
Realty
Investment
Trust,
REIT
673
73,202
NNN
REIT,
Inc.
1,626
73,691
146,893
Specialty
Retail
—
1.5%
Lowe's
Cos.,
Inc.
263
69,582
Tobacco
—
1.4%
Universal
Corp.
1,251
67,216
Trading
Companies
&
Distributors
—
1.6%
WW
Grainger,
Inc.
67
76,697
Water
Utilities
—
5.8%
American
States
Water
Co.
894
66,630
California
Water
Service
Group
1,457
65,682
H2O
America
1,365
73,423
Middlesex
Water
Co.
1,261
68,094
273,829
Total
Common
Stocks
(Cost
$4,415,857)
4,674,308
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(a)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$6,492
(Cost
$6,490)
$
6,490
6,490
Total
Investments
—
99.8%
(Cost
$4,422,347)
4,680,798
Other
assets
less
liabilities
—
0.2%
7,515
Net
Assets
—
100.0%
$
4,688,313
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
S&P
500
®
DIVIDEND
ARISTOCRATS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
132
NOBL
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Aerospace
&
Defense
—
1.4%
General
Dynamics
Corp.
456,424
$
162,966,189
Air
Freight
&
Logistics
—
2.7%
CH
Robinson
Worldwide,
Inc.
928,164
171,942,381
Expeditors
International
of
Washington,
Inc.
1,024,516
148,585,555
320,527,936
Beverages
—
4.6%
Brown-Forman
Corp.,
Class
a
B(a)
5,944,098
171,546,668
Coca-Cola
Co.
(The)
2,312,097
188,574,631
PepsiCo,
Inc.
1,134,621
192,590,569
552,711,868
Biotechnology
—
1.5%
AbbVie,
Inc.
770,272
178,764,726
Building
Products
—
1.5%
A
O
Smith
Corp.
2,304,737
179,769,486
Capital
Markets
—
4.9%
FactSet
Research
Systems,
Inc.
586,374
127,131,747
Franklin
Resources,
Inc.
6,536,876
173,488,689
S&P
Global,
Inc.
313,455
138,509,496
T.
Rowe
Price
Group,
Inc.
1,568,775
148,453,178
587,583,110
Chemicals
—
8.9%
Air
Products
and
Chemicals,
Inc.
632,792
174,441,771
Albemarle
Corp.
924,661
165,209,181
Ecolab,
Inc.
594,919
183,443,274
Linde
plc
378,956
192,539,964
PPG
Industries,
Inc.
1,479,423
182,368,473
Sherwin-Williams
Co.
(The)
467,273
169,428,517
1,067,431,180
Commercial
Services
&
Supplies
—
1.4%
Cintas
Corp.
852,025
171,367,788
Consumer
Staples
Distribution
&
Retail
—
4.6%
Sysco
Corp.
2,164,230
197,291,207
Target
Corp.
1,569,971
178,647,000
Walmart,
Inc.
1,394,890
178,476,175
554,414,382
Containers
&
Packaging
—
1.6%
Amcor
plc
3,926,751
190,172,551
Distributors
—
1.2%
Genuine
Parts
Co.
1,222,066
145,743,591
Electric
Utilities
—
3.0%
Eversource
Energy
2,332,504
177,760,130
Investments
Shares
Value
Common
Stocks
(continued)
NextEra
Energy,
Inc.
1,985,618
$
186,191,400
363,951,530
Electrical
Equipment
—
1.4%
Emerson
Electric
Co.
1,113,153
167,807,815
Food
Products
—
5.9%
Archer-Daniels-Midland
Co.
2,459,295
169,789,727
Hormel
Foods
Corp.
6,815,152
174,467,891
J
M
Smucker
Co.
(The)
1,629,260
188,912,697
McCormick
&
Co.,
Inc.
(Non-Voting)
2,501,416
177,700,593
710,870,908
Gas
Utilities
—
1.5%
Atmos
Energy
Corp.
988,858
184,708,786
Health
Care
Equipment
&
Supplies
—
4.2%
Abbott
Laboratories
1,379,063
160,453,980
Becton
Dickinson
&
Co.
1,006,368
177,603,825
Medtronic
plc
1,660,128
162,128,100
500,185,905
Health
Care
Providers
&
Services
—
1.5%
Cardinal
Health,
Inc.
798,650
183,074,540
Hotels,
Restaurants
&
Leisure
—
1.6%
McDonald's
Corp.
544,650
185,758,329
Household
Products
—
7.9%
Church
&
Dwight
Co.,
Inc.
1,814,454
190,263,646
Clorox
Co.
(The)
1,506,188
191,526,866
Colgate-Palmolive
Co.
1,964,998
194,809,902
Kimberly-Clark
Corp.
1,664,609
185,504,027
Procter
&
Gamble
Co.
(The)
1,139,904
190,591,949
952,696,390
Insurance
—
7.0%
Aflac,
Inc.
1,533,662
173,196,450
Brown
&
Brown,
Inc.
2,132,628
153,165,343
Chubb
Ltd.
555,017
189,183,094
Cincinnati
Financial
Corp.
1,029,141
168,758,541
Erie
Indemnity
Co.,
Class
a
A
594,834
160,272,073
844,575,501
IT
Services
—
1.1%
International
Business
Machines
Corp.
559,568
134,413,829
Life
Sciences
Tools
&
Services
—
1.4%
West
Pharmaceutical
Services,
Inc.
652,510
165,959,393
Machinery
—
8.9%
Caterpillar,
Inc.
257,978
191,633,798
Dover
Corp.
798,341
180,025,895
Illinois
Tool
Works,
Inc.
640,510
186,151,421
Nordson
Corp.
609,645
178,894,229
Pentair
plc
1,553,842
154,125,588
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
DIVIDEND
ARISTOCRATS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
133
NOBL
::
Investments
Shares
Value
Common
Stocks
(continued)
Stanley
Black
&
Decker,
Inc.
1,992,988
$
172,373,532
1,063,204,463
Metals
&
Mining
—
1.4%
Nucor
Corp.
923,787
163,399,445
Multi-Utilities
—
1.5%
Consolidated
Edison,
Inc.
1,603,373
180,411,530
Oil,
Gas
&
Consumable
Fuels
—
3.1%
Chevron
Corp.
998,586
186,495,921
Exxon
Mobil
Corp.
1,246,120
190,033,300
376,529,221
Personal
Care
Products
—
1.5%
Kenvue,
Inc.
9,579,644
183,162,793
Pharmaceuticals
—
1.6%
Johnson
&
Johnson
763,700
189,725,991
Professional
Services
—
1.2%
Automatic
Data
Processing,
Inc.
647,861
138,875,484
Residential
REITs
—
1.4%
Essex
Property
Trust,
Inc.,
REIT
647,232
165,115,356
Retail
REITs
—
3.0%
Federal
Realty
Investment
Trust,
REIT
1,624,967
176,747,661
Realty
Income
Corp.,
REIT
2,694,517
180,532,639
357,280,300
Software
—
1.2%
Roper
Technologies,
Inc.
411,444
143,894,310
Specialty
Retail
—
1.3%
Lowe's
Cos.,
Inc.
600,824
158,960,006
Trading
Companies
&
Distributors
—
2.9%
Fastenal
Co.
3,731,822
171,813,085
WW
Grainger,
Inc.
157,280
180,043,134
351,856,219
Total
Common
Stocks
(Cost
$9,745,752,091)
11,977,870,851
Securities
Lending
Reinvestments
(b)
—
0
.5
%
Investment
Companies
—
0
.5
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$62,514,182)
62,514,182
62,514,182
Investments
Principal
Amount
Value
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(d)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$13,906,632
(Cost
$13,902,511)
$
13,902,511
$
13,902,511
Total
Investments
—
100.4%
(Cost
$9,822,168,784)
12,054,287,544
Liabilities
in
excess
of
other
assets
—
(0.4%)
(
43,774,364
)
Net
Assets
—
100.0%
$
12,010,513,180
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$61,680,660,
collateralized
in
the
form
of
cash
with
a
value
of
$62,514,182
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$62,514,182.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(d)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
S&P
500
®
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
134
FB
::
Investments
Shares
Value
Common
Stocks
—
80
.0
%
Aerospace
&
Defense
—
2.0%
Axon
Enterprise,
Inc.*
2
$
1,085
Boeing
Co.
(The)*
18
4,096
General
Dynamics
Corp.
6
2,142
General
Electric
Co.
25
8,556
Howmet
Aerospace,
Inc.
9
2,363
Huntington
Ingalls
Industries,
Inc.
1
445
L3Harris
Technologies,
Inc.
4
1,458
Lockheed
Martin
Corp.
5
3,290
Northrop
Grumman
Corp.
3
2,173
RTX
Corp.
31
6,281
Textron,
Inc.
4
395
TransDigm
Group,
Inc.
1
1,303
33,587
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
3
556
Expeditors
International
of
Washington,
Inc.
3
435
FedEx
Corp.
5
1,935
United
Parcel
Service,
Inc.,
Class
a
B
17
1,971
4,897
Automobile
Components
—
0.0%(a)
Aptiv
plc*
5
368
Automobiles
—
1.8%
Ford
Motor
Co.
92
1,296
General
Motors
Co.
24
1,889
Tesla,
Inc.*
66
26,566
29,751
Banks
—
2.8%
Bank
of
America
Corp.
157
7,823
Citigroup,
Inc.
42
4,628
Citizens
Financial
Group,
Inc.
11
662
Fifth
Third
Bancorp
21
1,039
Huntington
Bancshares,
Inc.
50
840
JPMorgan
Chase
&
Co.
64
19,219
KeyCorp
23
477
M&T
Bank
Corp.
4
868
PNC
Financial
Services
Group,
Inc.
(The)
9
1,911
Regions
Financial
Corp.
22
612
Truist
Financial
Corp.
30
1,479
US
Bancorp
37
2,023
Wells
Fargo
&
Co.
73
5,946
47,527
Beverages
—
0.9%
Brown-Forman
Corp.,
Class
a
B
6
173
Coca-Cola
Co.
(The)
89
7,259
Constellation
Brands,
Inc.,
Class
a
A
3
474
Keurig
Dr
Pepper,
Inc.
33
999
Molson
Coors
Beverage
Co.,
Class
a
B
5
245
Investments
Shares
Value
Common
Stocks
(continued)
Monster
Beverage
Corp.*
18
$
1,535
PepsiCo,
Inc.
31
5,262
15,947
Biotechnology
—
1.4%
AbbVie,
Inc.
41
9,515
Amgen,
Inc.
12
4,658
Biogen,
Inc.*
3
576
Gilead
Sciences,
Inc.
29
4,320
Incyte
Corp.*
4
405
Moderna,
Inc.*
9
482
Regeneron
Pharmaceuticals,
Inc.
2
1,563
Vertex
Pharmaceuticals,
Inc.*
6
2,981
24,500
Broadline
Retail
—
2.8%
Amazon.com,
Inc.*
226
47,460
eBay,
Inc.
11
999
48,459
Building
Products
—
0.4%
A
O
Smith
Corp.
3
234
Allegion
plc
2
322
Builders
FirstSource,
Inc.*
3
313
Carrier
Global
Corp.
19
1,224
Johnson
Controls
International
plc
14
2,020
Lennox
International,
Inc.
1
570
Masco
Corp.
5
358
Trane
Technologies
plc
5
2,312
7,353
Capital
Markets
—
2.5%
Ameriprise
Financial,
Inc.
2
940
Ares
Management
Corp.,
Class
a
A
5
560
Bank
of
New
York
Mellon
Corp.
(The)
16
1,906
Blackrock,
Inc.
3
3,190
Blackstone,
Inc.
17
1,927
Cboe
Global
Markets,
Inc.
2
600
Charles
Schwab
Corp.
(The)
37
3,522
CME
Group,
Inc.
8
2,556
Coinbase
Global,
Inc.,
Class
a
A*
5
879
FactSet
Research
Systems,
Inc.
1
217
Franklin
Resources,
Inc.
9
239
Goldman
Sachs
Group,
Inc.
(The)
7
6,017
Interactive
Brokers
Group,
Inc.,
Class
a
A
11
783
Intercontinental
Exchange,
Inc.
13
2,134
Invesco
Ltd.
12
315
KKR
&
Co.,
Inc.
16
1,403
Moody's
Corp.
3
1,433
Morgan
Stanley
29
4,829
MSCI,
Inc.,
Class
a
A
2
1,144
Nasdaq,
Inc.
11
963
Northern
Trust
Corp.
4
572
Raymond
James
Financial,
Inc.
4
612
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
135
FB
::
Investments
Shares
Value
Common
Stocks
(continued)
Robinhood
Markets,
Inc.,
Class
a
A*
19
$
1,441
S&P
Global,
Inc.
7
3,093
State
Street
Corp.
6
772
T.
Rowe
Price
Group,
Inc.
5
473
42,520
Chemicals
—
0.9%
Air
Products
and
Chemicals,
Inc.
5
1,378
Albemarle
Corp.
3
536
CF
Industries
Holdings,
Inc.
4
398
Corteva,
Inc.
15
1,202
Dow,
Inc.
18
553
DuPont
de
Nemours,
Inc.
11
550
Ecolab,
Inc.
6
1,850
International
Flavors
&
Fragrances,
Inc.
7
576
Linde
plc
11
5,589
LyondellBasell
Industries
NV,
Class
a
A
7
403
Mosaic
Co.
(The)
9
251
PPG
Industries,
Inc.
5
616
Sherwin-Williams
Co.
(The)
5
1,813
15,715
Commercial
Services
&
Supplies
—
0.4%
Cintas
Corp.
8
1,609
Copart,
Inc.*
21
800
Republic
Services,
Inc.,
Class
a
A
5
1,145
Rollins,
Inc.
8
487
Veralto
Corp.
6
584
Waste
Management,
Inc.
8
1,927
6,552
Communications
Equipment
—
0.8%
Arista
Networks,
Inc.*
25
3,338
Ciena
Corp.*
3
1,046
Cisco
Systems,
Inc.
93
7,390
F5,
Inc.*
1
271
Motorola
Solutions,
Inc.
4
1,929
13,974
Construction
&
Engineering
—
0.2%
Comfort
Systems
USA,
Inc.
1
1,429
EMCOR
Group,
Inc.
1
725
Quanta
Services,
Inc.
3
1,689
3,843
Construction
Materials
—
0.2%
CRH
plc
15
1,800
Martin
Marietta
Materials,
Inc.
1
676
Vulcan
Materials
Co.
3
930
3,406
Consumer
Finance
—
0.4%
American
Express
Co.
12
3,707
Capital
One
Financial
Corp.
14
2,739
Investments
Shares
Value
Common
Stocks
(continued)
Synchrony
Financial
9
$
622
7,068
Consumer
Staples
Distribution
&
Retail
—
1.6%
Costco
Wholesale
Corp.
10
10,108
Dollar
General
Corp.
5
781
Dollar
Tree,
Inc.*
4
506
Kroger
Co.
(The)
15
1,023
Sysco
Corp.
11
1,003
Target
Corp.
10
1,138
Walmart,
Inc.
101
12,923
27,482
Containers
&
Packaging
—
0.2%
Amcor
plc
12
581
Avery
Dennison
Corp.
2
393
Ball
Corp.
7
470
International
Paper
Co.
13
566
Packaging
Corp.
of
America
2
464
Smurfit
Westrock
plc
13
611
3,085
Distributors
—
0.0%(a)
Genuine
Parts
Co.
3
358
Pool
Corp.
1
227
585
Diversified
Telecommunication
Services
—
0.7%
AT&T,
Inc.
167
4,678
Comcast
Corp.,
Class
a
A
86
2,662
Verizon
Communications,
Inc.
98
4,914
12,254
Electric
Utilities
—
1.3%
Alliant
Energy
Corp.
8
579
American
Electric
Power
Co.,
Inc.
12
1,606
Constellation
Energy
Corp.
7
2,309
Duke
Energy
Corp.
18
2,355
Edison
International
11
822
Entergy
Corp.
10
1,071
Evergy,
Inc.
5
418
Eversource
Energy
11
838
Exelon
Corp.
24
1,187
FirstEnergy
Corp.
13
665
NextEra
Energy,
Inc.
48
4,501
NRG
Energy,
Inc.
4
716
PG&E
Corp.
54
1,026
Pinnacle
West
Capital
Corp.
3
301
PPL
Corp.
18
702
Southern
Co.
(The)
26
2,532
Xcel
Energy,
Inc.
15
1,251
22,879
Electrical
Equipment
—
0.8%
AMETEK,
Inc.
5
1,196
Eaton
Corp.
plc
9
3,383
Emerson
Electric
Co.
13
1,960
GE
Vernova,
Inc.
6
5,242
S&P
500
®
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
136
FB
::
Investments
Shares
Value
Common
Stocks
(continued)
Generac
Holdings,
Inc.*
1
$
225
Hubbell,
Inc.,
Class
a
B
1
512
Rockwell
Automation,
Inc.
3
1,222
13,740
Electronic
Equipment,
Instruments
&
Components
—
0.7%
Amphenol
Corp.,
Class
a
A
29
4,236
CDW
Corp.
3
368
Corning,
Inc.
18
2,707
Jabil,
Inc.
2
530
Keysight
Technologies,
Inc.*
4
1,229
TE
Connectivity
plc
7
1,611
Teledyne
Technologies,
Inc.*
1
681
Zebra
Technologies
Corp.,
Class
a
A*
1
224
11,586
Energy
Equipment
&
Services
—
0.2%
Baker
Hughes
Co.,
Class
a
A
23
1,501
Halliburton
Co.
20
720
SLB
Ltd.
35
1,797
4,018
Entertainment
—
1.1%
Electronic
Arts,
Inc.
5
1,003
Live
Nation
Entertainment,
Inc.*
4
648
Netflix,
Inc.*
100
9,624
Take-Two
Interactive
Software,
Inc.*
4
846
TKO
Group
Holdings,
Inc.,
Class
a
A
2
448
Walt
Disney
Co.
(The)
42
4,454
Warner
Bros
Discovery,
Inc.*
60
1,690
18,713
Financial
Services
—
3.0%
Apollo
Global
Management,
Inc.
11
1,151
Berkshire
Hathaway,
Inc.,
Class
a
B*
44
22,218
Block,
Inc.,
Class
a
A*
13
828
Corpay,
Inc.*
2
650
Fidelity
National
Information
Services,
Inc.
13
662
Fiserv,
Inc.*
13
810
Global
Payments,
Inc.
7
535
Jack
Henry
&
Associates,
Inc.
2
325
Mastercard,
Inc.,
Class
a
A
19
9,827
PayPal
Holdings,
Inc.
22
1,017
Visa,
Inc.,
Class
a
A
38
12,165
50,188
Food
Products
—
0.4%
Archer-Daniels-Midland
Co.
12
829
Bunge
Global
SA
3
362
Campbell's
Co.
(The)
5
135
Conagra
Brands,
Inc.
13
250
General
Mills,
Inc.
13
588
Hershey
Co.
(The)
3
709
Hormel
Foods
Corp.
9
230
J
M
Smucker
Co.
(The)
2
232
Investments
Shares
Value
Common
Stocks
(continued)
Kraft
Heinz
Co.
(The)
21
$
517
Lamb
Weston
Holdings,
Inc.
4
193
McCormick
&
Co.,
Inc.
(Non-Voting)
7
497
Mondelez
International,
Inc.,
Class
a
A
30
1,847
Tyson
Foods,
Inc.,
Class
a
A
7
455
6,844
Gas
Utilities
—
0.1%
Atmos
Energy
Corp.
4
747
Ground
Transportation
—
0.7%
CSX
Corp.
45
1,921
JB
Hunt
Transport
Services,
Inc.
2
467
Norfolk
Southern
Corp.
5
1,574
Old
Dominion
Freight
Line,
Inc.
4
812
Uber
Technologies,
Inc.*
48
3,620
Union
Pacific
Corp.
14
3,710
12,104
Health
Care
Equipment
&
Supplies
—
1.6%
Abbott
Laboratories
41
4,770
Align
Technology,
Inc.*
2
380
Baxter
International,
Inc.
14
285
Becton
Dickinson
&
Co.
7
1,235
Boston
Scientific
Corp.*
35
2,690
Cooper
Cos.,
Inc.
(The)*
5
418
Dexcom,
Inc.*
8
587
Edwards
Lifesciences
Corp.*
15
1,297
GE
HealthCare
Technologies,
Inc.
11
927
Hologic,
Inc.*
5
377
IDEXX
Laboratories,
Inc.*
2
1,314
Insulet
Corp.*
2
493
Intuitive
Surgical,
Inc.*
8
4,028
Medtronic
plc
30
2,930
ResMed,
Inc.
3
769
Solventum
Corp.*
3
223
STERIS
plc
2
505
Stryker
Corp.
8
3,100
Zimmer
Biomet
Holdings,
Inc.
5
492
26,820
Health
Care
Providers
&
Services
—
1.3%
Cardinal
Health,
Inc.
5
1,146
Cencora,
Inc.
4
1,488
Centene
Corp.*
12
539
Cigna
Group
(The)
6
1,739
CVS
Health
Corp.
30
2,397
DaVita,
Inc.*
1
156
Elevance
Health,
Inc.
5
1,600
HCA
Healthcare,
Inc.
4
2,119
Henry
Schein,
Inc.*
3
247
Humana,
Inc.
3
572
Labcorp
Holdings,
Inc.
2
578
McKesson
Corp.
3
2,962
Molina
Healthcare,
Inc.*
1
154
Quest
Diagnostics,
Inc.
3
636
FEBRUARY
28,
2026
(Unaudited)
::
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500
®
DYNAMIC
BUFFER
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SCHEDULE
OF
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INVESTMENTS
PROSHARES
TRUST
137
FB
::
Investments
Shares
Value
Common
Stocks
(continued)
UnitedHealth
Group,
Inc.
21
$
6,159
Universal
Health
Services,
Inc.,
Class
a
B
1
206
22,698
Health
Care
REITs
—
0.3%
Alexandria
Real
Estate
Equities,
Inc.,
REIT
5
270
Healthpeak
Properties,
Inc.,
REIT
18
318
Ventas,
Inc.,
REIT
11
948
Welltower,
Inc.,
REIT
16
3,314
4,850
Hotel
&
Resort
REITs
—
0.0%(a)
Host
Hotels
&
Resorts,
Inc.,
REIT
17
333
Hotels,
Restaurants
&
Leisure
—
1.6%
Airbnb,
Inc.,
Class
a
A*
10
1,351
Booking
Holdings,
Inc.
1
4,239
Carnival
Corp.
27
852
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
31
1,154
Darden
Restaurants,
Inc.
3
642
Domino's
Pizza,
Inc.
1
402
DoorDash,
Inc.,
Class
a
A*
9
1,588
Expedia
Group,
Inc.
3
647
Hilton
Worldwide
Holdings,
Inc.
5
1,559
Las
Vegas
Sands
Corp.
8
454
Marriott
International,
Inc.,
Class
a
A
5
1,709
McDonald's
Corp.
16
5,457
MGM
Resorts
International*
6
221
Norwegian
Cruise
Line
Holdings
Ltd.*
12
297
Royal
Caribbean
Cruises
Ltd.
6
1,866
Starbucks
Corp.
27
2,647
Wynn
Resorts
Ltd.
2
216
Yum!
Brands,
Inc.
6
1,009
26,310
Household
Durables
—
0.2%
DR
Horton,
Inc.
6
962
Garmin
Ltd.
4
1,011
Lennar
Corp.,
Class
a
A
5
572
PulteGroup,
Inc.
4
549
3,094
Household
Products
—
0.8%
Church
&
Dwight
Co.,
Inc.
5
524
Clorox
Co.
(The)
3
381
Colgate-Palmolive
Co.
18
1,785
Kimberly-Clark
Corp.
8
892
Procter
&
Gamble
Co.
(The)
55
9,196
12,778
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
AES
Corp.
(The)
18
311
Investments
Shares
Value
Common
Stocks
(continued)
Vistra
Corp.
7
$
1,217
1,528
Industrial
Conglomerates
—
0.3%
3M
Co.
12
1,984
Honeywell
International,
Inc.
14
3,410
5,394
Industrial
REITs
—
0.2%
Prologis,
Inc.,
REIT
21
2,994
Insurance
—
1.4%
Aflac,
Inc.
11
1,242
Allstate
Corp.
(The)
6
1,287
American
International
Group,
Inc.
14
1,127
Aon
plc,
Class
a
A
5
1,677
Arch
Capital
Group
Ltd.*
8
801
Arthur
J
Gallagher
&
Co.
6
1,369
Assurant,
Inc.
1
230
Brown
&
Brown,
Inc.
8
575
Chubb
Ltd.
8
2,727
Cincinnati
Financial
Corp.
4
656
Erie
Indemnity
Co.,
Class
a
A
1
269
Everest
Group
Ltd.
1
335
Globe
Life,
Inc.
2
291
Hartford
Insurance
Group,
Inc.
(The)
6
845
Loews
Corp.
4
440
Marsh
&
McLennan
Cos.,
Inc.
11
2,054
MetLife,
Inc.
15
1,081
Principal
Financial
Group,
Inc.
5
477
Progressive
Corp.
(The)
13
2,778
Prudential
Financial,
Inc.
8
787
Travelers
Cos.,
Inc.
(The)
5
1,543
W
R
Berkley
Corp.
8
574
Willis
Towers
Watson
plc
2
610
23,775
Interactive
Media
&
Services
—
6.4%
Alphabet,
Inc.,
Class
a
A
136
42,399
Alphabet,
Inc.,
Class
a
C
107
33,323
Match
Group,
Inc.
7
221
Meta
Platforms,
Inc.,
Class
a
A
52
33,706
109,649
IT
Services
—
0.6%
Accenture
plc,
Class
a
A
14
2,922
Akamai
Technologies,
Inc.*
3
295
Cognizant
Technology
Solutions
Corp.,
Class
a
A
12
773
EPAM
Systems,
Inc.*
1
141
Gartner,
Inc.*
2
314
GoDaddy,
Inc.,
Class
a
A*
3
262
International
Business
Machines
Corp.
21
5,045
VeriSign,
Inc.
2
456
10,208
S&P
500
®
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
138
FB
::
Investments
Shares
Value
Common
Stocks
(continued)
Leisure
Products
—
0.0%(a)
Hasbro,
Inc.
3
$
299
Life
Sciences
Tools
&
Services
—
0.7%
Agilent
Technologies,
Inc.
6
728
Bio-Techne
Corp.
5
295
Charles
River
Laboratories
International,
Inc.*
1
178
Danaher
Corp.
14
2,949
IQVIA
Holdings,
Inc.*
4
715
Revvity,
Inc.
3
295
Thermo
Fisher
Scientific,
Inc.
9
4,690
Waters
Corp.*
2
639
West
Pharmaceutical
Services,
Inc.
2
509
10,998
Machinery
—
1.6%
Caterpillar,
Inc.
11
8,171
Cummins,
Inc.
3
1,752
Deere
&
Co.
6
3,778
Dover
Corp.
3
676
Fortive
Corp.
8
474
IDEX
Corp.
2
419
Illinois
Tool
Works,
Inc.
6
1,744
Ingersoll
Rand,
Inc.
8
753
Nordson
Corp.
1
293
Otis
Worldwide
Corp.
9
833
PACCAR,
Inc.
12
1,513
Parker-Hannifin
Corp.
3
3,028
Pentair
plc
4
397
Snap-on,
Inc.
1
385
Stanley
Black
&
Decker,
Inc.
4
346
Westinghouse
Air
Brake
Technologies
Corp.
4
1,056
Xylem,
Inc.
6
777
26,395
Media
—
0.2%
Charter
Communications,
Inc.,
Class
a
A*
2
469
Fox
Corp.,
Class
a
A
6
338
Fox
Corp.,
Class
a
B
4
207
News
Corp.,
Class
a
A
11
267
News
Corp.,
Class
a
B
4
107
Omnicom
Group,
Inc.
8
682
Paramount
Skydance
Corp.,
Class
a
B(b)
11
149
Trade
Desk,
Inc.
(The),
Class
a
A*
12
286
2,505
Metals
&
Mining
—
0.4%
Freeport-McMoRan,
Inc.
34
2,315
Newmont
Corp.
25
3,250
Nucor
Corp.
5
884
Steel
Dynamics,
Inc.
3
579
7,028
Investments
Shares
Value
Common
Stocks
(continued)
Multi-Utilities
—
0.5%
Ameren
Corp.
6
$
680
CenterPoint
Energy,
Inc.
16
696
CMS
Energy
Corp.
8
624
Consolidated
Edison,
Inc.
8
900
Dominion
Energy,
Inc.
20
1,263
DTE
Energy
Co.
5
741
NiSource,
Inc.
12
568
Public
Service
Enterprise
Group,
Inc.
11
947
Sempra
15
1,444
WEC
Energy
Group,
Inc.
7
819
8,682
Office
REITs
—
0.0%(a)
BXP,
Inc.,
REIT
4
230
Oil,
Gas
&
Consumable
Fuels
—
2.6%
APA
Corp.
10
304
Chevron
Corp.
45
8,404
ConocoPhillips
29
3,290
Coterra
Energy,
Inc.
19
581
Devon
Energy
Corp.
15
653
Diamondback
Energy,
Inc.
4
696
EOG
Resources,
Inc.
12
1,489
EQT
Corp.
15
921
Expand
Energy
Corp.
5
540
Exxon
Mobil
Corp.
97
14,793
Kinder
Morgan,
Inc.
48
1,597
Marathon
Petroleum
Corp.
7
1,387
Occidental
Petroleum
Corp.
17
902
ONEOK,
Inc.
15
1,242
Phillips
66
9
1,389
Targa
Resources
Corp.
5
1,179
Texas
Pacific
Land
Corp.
1
524
Valero
Energy
Corp.
7
1,433
Williams
Cos.,
Inc.
(The)
29
2,167
43,491
Passenger
Airlines
—
0.1%
Delta
Air
Lines,
Inc.
16
1,051
Southwest
Airlines
Co.
13
641
United
Airlines
Holdings,
Inc.*
7
744
2,436
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
6
657
Kenvue,
Inc.
47
898
1,555
Pharmaceuticals
—
2.9%
Bristol-Myers
Squibb
Co.
47
2,931
Eli
Lilly
&
Co.
18
18,936
Johnson
&
Johnson
57
14,161
Merck
&
Co.,
Inc.
59
7,305
Pfizer,
Inc.
136
3,761
Viatris,
Inc.
27
403
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
139
FB
::
Investments
Shares
Value
Common
Stocks
(continued)
Zoetis,
Inc.,
Class
a
A
10
$
1,311
48,808
Professional
Services
—
0.3%
Automatic
Data
Processing,
Inc.
9
1,929
Broadridge
Financial
Solutions,
Inc.
3
558
Equifax,
Inc.
3
627
Jacobs
Solutions,
Inc.
3
414
Leidos
Holdings,
Inc.
3
525
Paychex,
Inc.
7
655
Paycom
Software,
Inc.
1
126
Verisk
Analytics,
Inc.,
Class
a
A
3
623
5,457
Real
Estate
Management
&
Development
—
0.1%
CBRE
Group,
Inc.,
Class
a
A*
7
1,034
CoStar
Group,
Inc.*
11
491
1,525
Residential
REITs
—
0.2%
AvalonBay
Communities,
Inc.,
REIT
3
532
Camden
Property
Trust,
REIT
2
217
Equity
Residential,
REIT
9
569
Essex
Property
Trust,
Inc.,
REIT
1
255
Invitation
Homes,
Inc.,
REIT
15
395
Mid-America
Apartment
Communities,
Inc.,
REIT
3
401
UDR,
Inc.,
REIT
8
300
2,669
Retail
REITs
—
0.2%
Federal
Realty
Investment
Trust,
REIT
2
218
Kimco
Realty
Corp.,
REIT
17
400
Realty
Income
Corp.,
REIT
22
1,474
Regency
Centers
Corp.,
REIT
4
316
Simon
Property
Group,
Inc.,
REIT
7
1,427
3,835
Semiconductors
&
Semiconductor
Equipment
—
11.4%
Advanced
Micro
Devices,
Inc.*
37
7,408
Analog
Devices,
Inc.
11
3,914
Applied
Materials,
Inc.
18
6,701
Broadcom,
Inc.
110
35,151
First
Solar,
Inc.*
2
394
Intel
Corp.*
104
4,743
KLA
Corp.
3
4,574
Lam
Research
Corp.
29
6,783
Microchip
Technology,
Inc.
15
1,120
Micron
Technology,
Inc.
26
10,722
Monolithic
Power
Systems,
Inc.
1
1,143
NVIDIA
Corp.
564
99,935
NXP
Semiconductors
NV
6
1,362
ON
Semiconductor
Corp.*
9
598
Qnity
Electronics,
Inc.
5
634
QUALCOMM,
Inc.
25
3,559
Skyworks
Solutions,
Inc.
4
238
Investments
Shares
Value
Common
Stocks
(continued)
Teradyne,
Inc.
4
$
1,280
Texas
Instruments,
Inc.
21
4,454
194,713
Software
—
6.5%
Adobe,
Inc.*
10
2,624
AppLovin
Corp.,
Class
a
A*
6
2,609
Autodesk,
Inc.*
5
1,229
Cadence
Design
Systems,
Inc.*
6
1,808
Crowdstrike
Holdings,
Inc.,
Class
a
A*
6
2,232
Datadog,
Inc.,
Class
a
A*
7
784
Fair
Isaac
Corp.*
1
1,409
Fortinet,
Inc.*
14
1,106
Gen
Digital,
Inc.
15
339
Intuit,
Inc.
6
2,454
Microsoft
Corp.
172
67,551
Oracle
Corp.
38
5,525
Palantir
Technologies,
Inc.,
Class
a
A*
53
7,271
Palo
Alto
Networks,
Inc.*
18
2,681
PTC,
Inc.*
3
470
Roper
Technologies,
Inc.
2
700
Salesforce,
Inc.
22
4,285
ServiceNow,
Inc.*
25
2,700
Synopsys,
Inc.*
4
1,656
Trimble,
Inc.*
5
334
Tyler
Technologies,
Inc.*
1
355
Workday,
Inc.,
Class
a
A*
5
669
110,791
Specialized
REITs
—
0.6%
American
Tower
Corp.,
REIT
11
2,111
Crown
Castle,
Inc.,
REIT
10
895
Digital
Realty
Trust,
Inc.,
REIT
7
1,240
Equinix,
Inc.,
REIT
2
1,949
Extra
Space
Storage,
Inc.,
REIT
5
755
Iron
Mountain,
Inc.,
REIT
7
758
Public
Storage,
REIT
4
1,228
SBA
Communications
Corp.,
Class
a
A,
REIT
2
402
VICI
Properties,
Inc.,
Class
a
A,
REIT
27
816
Weyerhaeuser
Co.,
REIT
18
442
10,596
Specialty
Retail
—
1.3%
Best
Buy
Co.,
Inc.
5
310
Carvana
Co.,
Class
a
A*
3
1,002
Home
Depot,
Inc.
(The)
23
8,757
Lowe's
Cos.,
Inc.
13
3,439
O'Reilly
Automotive,
Inc.*
19
1,784
Ross
Stores,
Inc.
7
1,439
TJX
Cos.,
Inc.
(The)
25
4,042
Tractor
Supply
Co.
13
674
Ulta
Beauty,
Inc.*
1
685
Williams-Sonoma,
Inc.
3
617
22,749
S&P
500
®
DYNAMIC
BUFFER
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
140
FB
::
Investments
Shares
Value
Common
Stocks
(continued)
Technology
Hardware,
Storage
&
Peripherals
—
5.8%
Apple,
Inc.
342
$
90,350
Dell
Technologies,
Inc.,
Class
a
C
7
1,036
Hewlett
Packard
Enterprise
Co.
32
687
HP,
Inc.
23
437
NetApp,
Inc.
5
495
Sandisk
Corp.*
3
1,906
Seagate
Technology
Holdings
plc
5
2,039
Super
Micro
Computer,
Inc.*
12
389
Western
Digital
Corp.
8
2,238
99,577
Textiles,
Apparel
&
Luxury
Goods
—
0.2%
Deckers
Outdoor
Corp.*
3
352
Lululemon
Athletica,
Inc.*
2
370
NIKE,
Inc.,
Class
a
B
28
1,741
Ralph
Lauren
Corp.,
Class
a
A
1
363
Tapestry,
Inc.
5
777
3,603
Tobacco
—
0.6%
Altria
Group,
Inc.
39
2,692
Philip
Morris
International,
Inc.
36
6,726
9,418
Trading
Companies
&
Distributors
—
0.2%
Fastenal
Co.
27
1,243
United
Rentals,
Inc.
1
840
WW
Grainger,
Inc.
1
1,145
3,228
Water
Utilities
—
0.0%(a)
American
Water
Works
Co.,
Inc.
4
544
Wireless
Telecommunication
Services
—
0.1%
T-Mobile
US,
Inc.
11
2,388
Total
Common
Stocks
(Cost
$1,227,889)
1,363,643
Securities
Lending
Reinvestments
(c)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$35)
35
35
Investments
Principal
Amount
Value
Short-Term
Investments
—
14
.0
%
Repurchase
Agreements
(e)
—
14
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$239,344
(Cost
$239,275)
$
239,275
$
239,275
Total
Investments
—
94.0%
(Cost
$1,467,199)
1,602,953
Other
assets
less
liabilities
—
6.0%
101,440
Net
Assets
—
100.0%
$
1,704,393
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$41,
collateralized
in
the
form
of
cash
with
a
value
of
$35
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$35.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
DYNAMIC
BUFFER
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
141
FB
::
Futures
Contracts
Purchased
S&P
500
®
Dynamic
Buffer
ETF
had
the
following
open
long
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Depreciation
AAAAAA
S&P
500
®
E-Mini
Index
1
3/20/2026
U.S.
Dollar
$
344,450
$
(
39
)
Swap
Agreements
S&P
500
®
Dynamic
Buffer
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Depreciation
($)
1,695,282
11/6/2026
Goldman
Sachs
International
N/A
S&P
®
500
Daily
Dynamic
Buffer
Index
(
447,044
)
1,695,282
(
447,044
)
Total
Unrealized
Depreciation
(
447,044
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
No
financing
fee
is
paid
or
received
on
this
swap.
S&P
500
®
EX-ENERGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
142
SPXE
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Aerospace
&
Defense
—
2.6%
Axon
Enterprise,
Inc.*
105
$
56,952
Boeing
Co.
(The)*
1,037
235,949
General
Dynamics
Corp.
335
119,612
General
Electric
Co.
1,398
478,479
Howmet
Aerospace,
Inc.
534
140,191
Huntington
Ingalls
Industries,
Inc.
52
23,115
L3Harris
Technologies,
Inc.
247
90,041
Lockheed
Martin
Corp.
269
177,024
Northrop
Grumman
Corp.
178
128,940
RTX
Corp.
1,776
359,853
Textron,
Inc.
234
23,084
TransDigm
Group,
Inc.
75
97,709
1,930,949
Air
Freight
&
Logistics
—
0.4%
CH
Robinson
Worldwide,
Inc.
157
29,084
Expeditors
International
of
Washington,
Inc.
178
25,815
FedEx
Corp.
287
111,069
United
Parcel
Service,
Inc.,
Class
a
B
980
113,641
279,609
Automobile
Components
—
0.0%(a)
Aptiv
plc*
287
21,106
Automobiles
—
2.2%
Ford
Motor
Co.
5,186
73,071
General
Motors
Co.
1,236
97,286
Tesla,
Inc.*
3,724
1,498,947
1,669,304
Banks
—
3.5%
Bank
of
America
Corp.
8,904
443,686
Citigroup,
Inc.
2,371
261,261
Citizens
Financial
Group,
Inc.
570
34,308
Fifth
Third
Bancorp
1,197
59,216
Huntington
Bancshares,
Inc.
2,695
45,276
JPMorgan
Chase
&
Co.
3,608
1,083,482
KeyCorp
1,232
25,552
M&T
Bank
Corp.
203
44,047
PNC
Financial
Services
Group,
Inc.
(The)
520
110,422
Regions
Financial
Corp.
1,163
32,366
Truist
Financial
Corp.
1,695
83,581
US
Bancorp
2,061
112,654
Wells
Fargo
&
Co.
4,160
338,832
2,674,683
Beverages
—
1.2%
Brown-Forman
Corp.,
Class
a
B(b)
232
6,696
Coca-Cola
Co.
(The)
5,130
418,403
Constellation
Brands,
Inc.,
Class
a
A
187
29,520
Keurig
Dr
Pepper,
Inc.
1,800
54,504
Investments
Shares
Value
Common
Stocks
(continued)
Molson
Coors
Beverage
Co.,
Class
a
B
224
$
10,974
Monster
Beverage
Corp.*
945
80,608
PepsiCo,
Inc.
1,811
307,399
908,104
Biotechnology
—
1.9%
AbbVie,
Inc.
2,342
543,531
Amgen,
Inc.
714
277,146
Biogen,
Inc.*
194
37,213
Gilead
Sciences,
Inc.
1,644
244,874
Incyte
Corp.*
219
22,178
Moderna,
Inc.*
461
24,696
Regeneron
Pharmaceuticals,
Inc.
134
104,744
Vertex
Pharmaceuticals,
Inc.*
336
166,935
1,421,317
Broadline
Retail
—
3.7%
Amazon.com,
Inc.*
12,892
2,707,320
eBay,
Inc.
599
54,425
2,761,745
Building
Products
—
0.5%
A
O
Smith
Corp.
150
11,700
Allegion
plc
114
18,371
Builders
FirstSource,
Inc.*
146
15,226
Carrier
Global
Corp.
1,049
67,556
Johnson
Controls
International
plc
810
116,883
Lennox
International,
Inc.
42
23,937
Masco
Corp.
276
19,767
Trane
Technologies
plc
293
135,460
408,900
Capital
Markets
—
3.3%
Ameriprise
Financial,
Inc.
123
57,825
Ares
Management
Corp.,
Class
a
A
272
30,467
Bank
of
New
York
Mellon
Corp.
(The)
923
109,929
Blackrock,
Inc.
190
202,014
Blackstone,
Inc.
978
110,876
Cboe
Global
Markets,
Inc.
139
41,661
Charles
Schwab
Corp.
(The)
2,213
210,677
CME
Group,
Inc.
478
152,721
Coinbase
Global,
Inc.,
Class
a
A*
302
53,107
FactSet
Research
Systems,
Inc.
50
10,840
Franklin
Resources,
Inc.
408
10,828
Goldman
Sachs
Group,
Inc.
(The)
398
342,109
Interactive
Brokers
Group,
Inc.,
Class
a
A
590
42,002
Intercontinental
Exchange,
Inc.
756
124,082
Invesco
Ltd.
590
15,493
KKR
&
Co.,
Inc.
910
79,789
Moody's
Corp.
203
96,951
Morgan
Stanley
1,601
266,582
MSCI,
Inc.,
Class
a
A
100
57,183
Nasdaq,
Inc.
598
52,373
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-ENERGY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
143
SPXE
::
Investments
Shares
Value
Common
Stocks
(continued)
Northern
Trust
Corp.
250
$
35,772
Raymond
James
Financial,
Inc.
233
35,668
Robinhood
Markets,
Inc.,
Class
a
A*
1,042
79,036
S&P
Global,
Inc.
411
181,613
State
Street
Corp.
371
47,718
T.
Rowe
Price
Group,
Inc.
290
27,443
2,474,759
Chemicals
—
1.2%
Air
Products
and
Chemicals,
Inc.
294
81,047
Albemarle
Corp.
156
27,873
CF
Industries
Holdings,
Inc.
207
20,605
Corteva,
Inc.
896
71,788
Dow,
Inc.
942
28,948
DuPont
de
Nemours,
Inc.
556
27,822
Ecolab,
Inc.
337
103,914
International
Flavors
&
Fragrances,
Inc.
340
27,958
Linde
plc
619
314,501
LyondellBasell
Industries
NV,
Class
a
A
341
19,614
Mosaic
Co.
(The)
421
11,721
PPG
Industries,
Inc.
298
36,734
Sherwin-Williams
Co.
(The)
305
110,590
883,115
Commercial
Services
&
Supplies
—
0.5%
Cintas
Corp.
453
91,112
Copart,
Inc.*
1,181
44,984
Republic
Services,
Inc.,
Class
a
A
266
60,914
Rollins,
Inc.
388
23,625
Veralto
Corp.
329
32,055
Waste
Management,
Inc.
492
118,493
371,183
Communications
Equipment
—
1.0%
Arista
Networks,
Inc.*
1,368
182,628
Ciena
Corp.*
187
65,207
Cisco
Systems,
Inc.
5,222
414,940
F5,
Inc.*
77
20,895
Motorola
Solutions,
Inc.
220
106,097
789,767
Construction
&
Engineering
—
0.3%
Comfort
Systems
USA,
Inc.
47
67,180
EMCOR
Group,
Inc.
59
42,753
Quanta
Services,
Inc.
197
110,927
220,860
Construction
Materials
—
0.3%
CRH
plc
888
106,542
Martin
Marietta
Materials,
Inc.
80
54,126
Vulcan
Materials
Co.
175
54,250
214,918
Consumer
Finance
—
0.6%
American
Express
Co.
712
219,937
Investments
Shares
Value
Common
Stocks
(continued)
Capital
One
Financial
Corp.
843
$
164,925
Synchrony
Financial
477
32,965
417,827
Consumer
Staples
Distribution
&
Retail
—
2.1%
Costco
Wholesale
Corp.
587
593,334
Dollar
General
Corp.
291
45,466
Dollar
Tree,
Inc.*
251
31,746
Kroger
Co.
(The)
808
55,138
Sysco
Corp.
635
57,887
Target
Corp.
602
68,502
Walmart,
Inc.
5,812
743,645
1,595,718
Containers
&
Packaging
—
0.2%
Amcor
plc
611
29,591
Avery
Dennison
Corp.
103
20,224
Ball
Corp.
355
23,831
International
Paper
Co.
700
30,485
Packaging
Corp.
of
America
119
27,625
Smurfit
Westrock
plc
692
32,531
164,287
Distributors
—
0.0%(a)
Genuine
Parts
Co.
184
21,944
Pool
Corp.
43
9,769
31,713
Diversified
Telecommunication
Services
—
0.9%
AT&T,
Inc.
9,394
263,126
Comcast
Corp.,
Class
a
A
4,816
149,103
Verizon
Communications,
Inc.
5,587
280,132
692,361
Electric
Utilities
—
1.7%
Alliant
Energy
Corp.
341
24,668
American
Electric
Power
Co.,
Inc.
709
94,878
Constellation
Energy
Corp.
414
136,570
Duke
Energy
Corp.
1,031
134,906
Edison
International
511
38,192
Entergy
Corp.
592
63,409
Evergy,
Inc.
305
25,516
Eversource
Energy
497
37,876
Exelon
Corp.
1,339
66,240
FirstEnergy
Corp.
689
35,249
NextEra
Energy,
Inc.
2,759
258,712
NRG
Energy,
Inc.
253
45,277
PG&E
Corp.
2,912
55,328
Pinnacle
West
Capital
Corp.
159
15,948
PPL
Corp.
980
38,201
Southern
Co.
(The)
1,459
142,078
Xcel
Energy,
Inc.
785
65,438
1,278,486
Electrical
Equipment
—
1.1%
AMETEK,
Inc.
304
72,723
Eaton
Corp.
plc
515
193,599
Emerson
Electric
Co.
744
112,158
S&P
500
®
EX-ENERGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
144
SPXE
::
Investments
Shares
Value
Common
Stocks
(continued)
GE
Vernova,
Inc.
359
$
313,622
Generac
Holdings,
Inc.*
78
17,579
Hubbell,
Inc.,
Class
a
B
71
36,326
Rockwell
Automation,
Inc.
149
60,710
806,717
Electronic
Equipment,
Instruments
&
Components
—
0.9%
Amphenol
Corp.,
Class
a
A
1,622
236,909
CDW
Corp.
173
21,217
Corning,
Inc.
1,034
155,493
Jabil,
Inc.
142
37,629
Keysight
Technologies,
Inc.*
227
69,764
TE
Connectivity
plc
390
89,758
Teledyne
Technologies,
Inc.*
62
42,228
Zebra
Technologies
Corp.,
Class
a
A*
67
15,005
668,003
Entertainment
—
1.4%
Electronic
Arts,
Inc.
297
59,569
Live
Nation
Entertainment,
Inc.*
209
33,887
Netflix,
Inc.*
5,616
540,484
Take-Two
Interactive
Software,
Inc.*
229
48,429
TKO
Group
Holdings,
Inc.,
Class
a
A
88
19,701
Walt
Disney
Co.
(The)
2,366
250,891
Warner
Bros
Discovery,
Inc.*
3,283
92,482
1,045,443
Financial
Services
—
3.7%
Apollo
Global
Management,
Inc.
615
64,329
Berkshire
Hathaway,
Inc.,
Class
a
B*
2,430
1,227,029
Block,
Inc.,
Class
a
A*
727
46,310
Corpay,
Inc.*
93
30,234
Fidelity
National
Information
Services,
Inc.
687
35,010
Fiserv,
Inc.*
714
44,475
Global
Payments,
Inc.
314
24,008
Jack
Henry
&
Associates,
Inc.
96
15,596
Mastercard,
Inc.,
Class
a
A
1,086
561,690
PayPal
Holdings,
Inc.
1,241
57,347
Visa,
Inc.,
Class
a
A
2,236
715,833
2,821,861
Food
Products
—
0.5%
Archer-Daniels-Midland
Co.
638
44,048
Bunge
Global
SA
180
21,717
Campbell's
Co.
(The)
260
7,007
Conagra
Brands,
Inc.
634
12,204
General
Mills,
Inc.
707
31,978
Hershey
Co.
(The)
196
46,311
Hormel
Foods
Corp.
387
9,907
J
M
Smucker
Co.
(The)
142
16,465
Kraft
Heinz
Co.
(The)
1,129
27,785
Lamb
Weston
Holdings,
Inc.
185
8,915
McCormick
&
Co.,
Inc.
(Non-Voting)
336
23,869
Investments
Shares
Value
Common
Stocks
(continued)
Mondelez
International,
Inc.,
Class
a
A
1,710
$
105,302
Tyson
Foods,
Inc.,
Class
a
A
375
24,371
379,879
Gas
Utilities
—
0.1%
Atmos
Energy
Corp.
212
39,599
Ground
Transportation
—
0.9%
CSX
Corp.
2,468
105,359
JB
Hunt
Transport
Services,
Inc.
100
23,341
Norfolk
Southern
Corp.
297
93,478
Old
Dominion
Freight
Line,
Inc.
243
49,341
Uber
Technologies,
Inc.*
2,753
207,631
Union
Pacific
Corp.
786
208,274
687,424
Health
Care
Equipment
&
Supplies
—
2.0%
Abbott
Laboratories
2,304
268,070
Align
Technology,
Inc.*
89
16,919
Baxter
International,
Inc.
681
13,872
Becton
Dickinson
&
Co.
379
66,886
Boston
Scientific
Corp.*
1,965
151,010
Cooper
Cos.,
Inc.
(The)*
264
22,089
Dexcom,
Inc.*
517
37,963
Edwards
Lifesciences
Corp.*
770
66,582
GE
HealthCare
Technologies,
Inc.
603
50,815
Hologic,
Inc.*
295
22,231
IDEXX
Laboratories,
Inc.*
106
69,613
Insulet
Corp.*
93
22,935
Intuitive
Surgical,
Inc.*
470
236,650
Medtronic
plc
1,700
166,022
ResMed,
Inc.
193
49,458
Solventum
Corp.*
196
14,543
STERIS
plc
130
32,806
Stryker
Corp.
457
177,069
Zimmer
Biomet
Holdings,
Inc.
263
25,890
1,511,423
Health
Care
Providers
&
Services
—
1.7%
Cardinal
Health,
Inc.
314
71,978
Cencora,
Inc.
256
95,268
Centene
Corp.*
619
27,781
Cigna
Group
(The)
353
102,307
CVS
Health
Corp.
1,682
134,392
DaVita,
Inc.*
47
7,346
Elevance
Health,
Inc.
294
94,080
HCA
Healthcare,
Inc.
211
111,767
Henry
Schein,
Inc.*
133
10,958
Humana,
Inc.
160
30,486
Labcorp
Holdings,
Inc.
110
31,803
McKesson
Corp.
164
161,929
Molina
Healthcare,
Inc.*
68
10,475
Quest
Diagnostics,
Inc.
148
31,363
UnitedHealth
Group,
Inc.
1,201
352,217
Universal
Health
Services,
Inc.,
Class
a
B
73
15,045
1,289,195
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-ENERGY
ETF
SCHEDULE
OF
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INVESTMENTS
PROSHARES
TRUST
145
SPXE
::
Investments
Shares
Value
Common
Stocks
(continued)
Health
Care
REITs
—
0.4%
Alexandria
Real
Estate
Equities,
Inc.,
REIT
206
$
11,132
Healthpeak
Properties,
Inc.,
REIT
921
16,283
Ventas,
Inc.,
REIT
622
53,592
Welltower,
Inc.,
REIT
910
188,479
269,486
Hotel
&
Resort
REITs
—
0.0%(a)
Host
Hotels
&
Resorts,
Inc.,
REIT
847
16,593
Hotels,
Restaurants
&
Leisure
—
1.9%
Airbnb,
Inc.,
Class
a
A*
564
76,202
Booking
Holdings,
Inc.
43
182,292
Carnival
Corp.
1,439
45,401
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
1,752
65,209
Darden
Restaurants,
Inc.
154
32,933
Domino's
Pizza,
Inc.
41
16,503
DoorDash,
Inc.,
Class
a
A*
496
87,529
Expedia
Group,
Inc.
155
33,432
Hilton
Worldwide
Holdings,
Inc.
307
95,717
Las
Vegas
Sands
Corp.
403
22,858
Marriott
International,
Inc.,
Class
a
A
295
100,810
McDonald's
Corp.
944
321,961
MGM
Resorts
International*
271
9,989
Norwegian
Cruise
Line
Holdings
Ltd.*
603
14,948
Royal
Caribbean
Cruises
Ltd.
336
104,483
Starbucks
Corp.
1,507
147,716
Wynn
Resorts
Ltd.
112
12,117
Yum!
Brands,
Inc.
368
61,883
1,431,983
Household
Durables
—
0.3%
DR
Horton,
Inc.
363
58,222
Garmin
Ltd.
216
54,611
Lennar
Corp.,
Class
a
A
286
32,707
NVR,
Inc.*
4
30,071
PulteGroup,
Inc.
259
35,535
211,146
Household
Products
—
1.0%
Church
&
Dwight
Co.,
Inc.
319
33,450
Clorox
Co.
(The)
162
20,600
Colgate-Palmolive
Co.
1,069
105,981
Kimberly-Clark
Corp.
440
49,034
Procter
&
Gamble
Co.
(The)
3,097
517,818
726,883
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
AES
Corp.
(The)
943
16,295
Vistra
Corp.
423
73,556
89,851
Investments
Shares
Value
Common
Stocks
(continued)
Industrial
Conglomerates
—
0.4%
3M
Co.
704
$
116,385
Honeywell
International,
Inc.
841
204,859
321,244
Industrial
REITs
—
0.2%
Prologis,
Inc.,
REIT
1,232
175,646
Insurance
—
1.8%
Aflac,
Inc.
625
70,581
Allstate
Corp.
(The)
346
74,224
American
International
Group,
Inc.
716
57,631
Aon
plc,
Class
a
A
284
95,273
Arch
Capital
Group
Ltd.*
479
47,972
Arthur
J
Gallagher
&
Co.
340
77,588
Assurant,
Inc.
66
15,153
Brown
&
Brown,
Inc.
390
28,010
Chubb
Ltd.
486
165,658
Cincinnati
Financial
Corp.
206
33,780
Erie
Indemnity
Co.,
Class
a
A
34
9,161
Everest
Group
Ltd.
56
18,787
Globe
Life,
Inc.
106
15,398
Hartford
Insurance
Group,
Inc.
(The)
370
52,107
Loews
Corp.
225
24,755
Marsh
&
McLennan
Cos.,
Inc.
649
121,194
MetLife,
Inc.
734
52,899
Principal
Financial
Group,
Inc.
265
25,286
Progressive
Corp.
(The)
777
166,014
Prudential
Financial,
Inc.
464
45,648
Travelers
Cos.,
Inc.
(The)
295
91,049
W
R
Berkley
Corp.
398
28,537
Willis
Towers
Watson
plc
127
38,757
1,355,462
Interactive
Media
&
Services
—
8.2%
Alphabet,
Inc.,
Class
a
A
7,710
2,403,670
Alphabet,
Inc.,
Class
a
C
6,162
1,919,032
Match
Group,
Inc.
312
9,859
Meta
Platforms,
Inc.,
Class
a
A
2,886
1,870,647
6,203,208
IT
Services
—
0.8%
Accenture
plc,
Class
a
A
822
171,568
Akamai
Technologies,
Inc.*
191
18,792
Cognizant
Technology
Solutions
Corp.,
Class
a
A
639
41,171
EPAM
Systems,
Inc.*
73
10,293
Gartner,
Inc.*
96
15,091
GoDaddy,
Inc.,
Class
a
A*
179
15,602
International
Business
Machines
Corp.
1,239
297,620
VeriSign,
Inc.
111
25,301
595,438
Leisure
Products
—
0.0%(a)
Hasbro,
Inc.
177
17,627
S&P
500
®
EX-ENERGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
146
SPXE
::
Investments
Shares
Value
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
—
0.9%
Agilent
Technologies,
Inc.
376
$
45,639
Bio-Techne
Corp.
207
12,213
Charles
River
Laboratories
International,
Inc.*
65
11,602
Danaher
Corp.
833
175,463
IQVIA
Holdings,
Inc.*
225
40,232
Mettler-Toledo
International,
Inc.*
27
36,901
Revvity,
Inc.
150
14,747
Thermo
Fisher
Scientific,
Inc.
499
260,034
Waters
Corp.*
130
41,519
West
Pharmaceutical
Services,
Inc.
95
24,162
662,512
Machinery
—
2.0%
Caterpillar,
Inc.
620
460,555
Cummins,
Inc.
183
106,848
Deere
&
Co.
333
209,693
Dover
Corp.
182
41,041
Fortive
Corp.
421
24,923
IDEX
Corp.
99
20,737
Illinois
Tool
Works,
Inc.
349
101,430
Ingersoll
Rand,
Inc.
476
44,811
Nordson
Corp.
71
20,834
Otis
Worldwide
Corp.
516
47,761
PACCAR,
Inc.
696
87,759
Parker-Hannifin
Corp.
167
168,533
Pentair
plc
217
21,524
Snap-on,
Inc.
69
26,580
Stanley
Black
&
Decker,
Inc.
206
17,817
Westinghouse
Air
Brake
Technologies
Corp.
226
59,653
Xylem,
Inc.
323
41,848
1,502,347
Media
—
0.2%
Charter
Communications,
Inc.,
Class
a
A*
117
27,452
Fox
Corp.,
Class
a
A
276
15,550
Fox
Corp.,
Class
a
B
197
10,191
News
Corp.,
Class
a
A
497
12,072
News
Corp.,
Class
a
B
164
4,392
Omnicom
Group,
Inc.
423
36,077
Paramount
Skydance
Corp.,
Class
a
B(b)
412
5,566
Trade
Desk,
Inc.
(The),
Class
a
A*
583
13,887
125,187
Metals
&
Mining
—
0.5%
Freeport-McMoRan,
Inc.
1,902
129,488
Newmont
Corp.
1,446
187,980
Nucor
Corp.
303
53,594
Steel
Dynamics,
Inc.
182
35,150
406,212
Multi-Utilities
—
0.7%
Ameren
Corp.
359
40,668
Investments
Shares
Value
Common
Stocks
(continued)
CenterPoint
Energy,
Inc.
865
$
37,627
CMS
Energy
Corp.
403
31,462
Consolidated
Edison,
Inc.
479
53,897
Dominion
Energy,
Inc.
1,131
71,411
DTE
Energy
Co.
276
40,914
NiSource,
Inc.
632
29,894
Public
Service
Enterprise
Group,
Inc.
661
56,892
Sempra
865
83,274
WEC
Energy
Group,
Inc.
432
50,527
496,566
Office
REITs
—
0.0%(a)
BXP,
Inc.,
REIT
196
11,286
Passenger
Airlines
—
0.2%
Delta
Air
Lines,
Inc.
860
56,502
Southwest
Airlines
Co.
685
33,743
United
Airlines
Holdings,
Inc.*
430
45,709
135,954
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
326
35,687
Kenvue,
Inc.
2,538
48,527
84,214
Pharmaceuticals
—
3.7%
Bristol-Myers
Squibb
Co.
2,698
168,274
Eli
Lilly
&
Co.
1,052
1,106,694
Johnson
&
Johnson
3,193
793,237
Merck
&
Co.,
Inc.
3,289
407,244
Pfizer,
Inc.
7,535
208,343
Viatris,
Inc.
1,525
22,768
Zoetis,
Inc.,
Class
a
A
584
76,562
2,783,122
Professional
Services
—
0.4%
Automatic
Data
Processing,
Inc.
537
115,111
Broadridge
Financial
Solutions,
Inc.
155
28,810
Equifax,
Inc.
162
33,852
Jacobs
Solutions,
Inc.
159
21,920
Leidos
Holdings,
Inc.
170
29,767
Paychex,
Inc.
430
40,269
Paycom
Software,
Inc.
65
8,179
Verisk
Analytics,
Inc.,
Class
a
A
185
38,400
316,308
Real
Estate
Management
&
Development
—
0.1%
CBRE
Group,
Inc.,
Class
a
A*
389
57,440
CoStar
Group,
Inc.*
562
25,082
82,522
Residential
REITs
—
0.2%
AvalonBay
Communities,
Inc.,
REIT
188
33,319
Camden
Property
Trust,
REIT
141
15,276
Equity
Residential,
REIT
458
28,950
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-ENERGY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
147
SPXE
::
Investments
Shares
Value
Common
Stocks
(continued)
Essex
Property
Trust,
Inc.,
REIT
85
$
21,684
Invitation
Homes,
Inc.,
REIT
747
19,676
Mid-America
Apartment
Communities,
Inc.,
REIT
155
20,748
UDR,
Inc.,
REIT
399
14,963
154,616
Retail
REITs
—
0.3%
Federal
Realty
Investment
Trust,
REIT
104
11,312
Kimco
Realty
Corp.,
REIT
898
21,148
Realty
Income
Corp.,
REIT
1,220
81,740
Regency
Centers
Corp.,
REIT
218
17,222
Simon
Property
Group,
Inc.,
REIT
433
88,267
219,689
Semiconductors
&
Semiconductor
Equipment
—
14.8%
Advanced
Micro
Devices,
Inc.*
2,157
431,853
Analog
Devices,
Inc.
652
231,975
Applied
Materials,
Inc.
1,055
392,777
Broadcom,
Inc.
6,258
1,999,744
First
Solar,
Inc.*
142
28,002
Intel
Corp.*
5,942
271,015
KLA
Corp.
174
265,272
Lam
Research
Corp.
1,665
389,427
Microchip
Technology,
Inc.
717
53,517
Micron
Technology,
Inc.
1,487
613,194
Monolithic
Power
Systems,
Inc.
64
73,135
NVIDIA
Corp.
32,201
5,705,695
NXP
Semiconductors
NV
333
75,594
ON
Semiconductor
Corp.*
534
35,500
Qnity
Electronics,
Inc.
278
35,239
QUALCOMM,
Inc.
1,419
202,009
Skyworks
Solutions,
Inc.
197
11,737
Teradyne,
Inc.
207
66,246
Texas
Instruments,
Inc.
1,205
255,593
11,137,524
Software
—
8.4%
Adobe,
Inc.*
555
145,638
AppLovin
Corp.,
Class
a
A*
358
155,648
Autodesk,
Inc.*
282
69,335
Cadence
Design
Systems,
Inc.*
360
108,504
Crowdstrike
Holdings,
Inc.,
Class
a
A*
332
123,497
Datadog,
Inc.,
Class
a
A*
432
48,367
Fair
Isaac
Corp.*
31
43,690
Fortinet,
Inc.*
838
66,227
Gen
Digital,
Inc.
744
16,792
Intuit,
Inc.
369
150,932
Microsoft
Corp.
9,849
3,868,096
Oracle
Corp.
2,229
324,097
Palantir
Technologies,
Inc.,
Class
a
A*
3,027
415,274
Palo
Alto
Networks,
Inc.*
1,054
156,962
PTC,
Inc.*
159
24,898
Roper
Technologies,
Inc.
143
50,011
Salesforce,
Inc.
1,262
245,825
ServiceNow,
Inc.*
1,375
148,514
Investments
Shares
Value
Common
Stocks
(continued)
Synopsys,
Inc.*
245
$
101,430
Trimble,
Inc.*
316
21,131
Tyler
Technologies,
Inc.*
57
20,217
Workday,
Inc.,
Class
a
A*
287
38,389
6,343,474
Specialized
REITs
—
0.8%
American
Tower
Corp.,
REIT
620
118,953
Crown
Castle,
Inc.,
REIT
577
51,665
Digital
Realty
Trust,
Inc.,
REIT
428
75,842
Equinix,
Inc.,
REIT
130
126,654
Extra
Space
Storage,
Inc.,
REIT
281
42,439
Iron
Mountain,
Inc.,
REIT
392
42,465
Public
Storage,
REIT
209
64,176
SBA
Communications
Corp.,
Class
a
A,
REIT
141
28,364
VICI
Properties,
Inc.,
Class
a
A,
REIT
1,416
42,777
Weyerhaeuser
Co.,
REIT
955
23,426
616,761
Specialty
Retail
—
1.9%
AutoZone,
Inc.*
22
82,623
Best
Buy
Co.,
Inc.
259
16,050
Carvana
Co.,
Class
a
A*
188
62,822
Home
Depot,
Inc.
(The)
1,320
502,550
Lowe's
Cos.,
Inc.
743
196,576
O'Reilly
Automotive,
Inc.*
1,119
105,052
Ross
Stores,
Inc.
432
88,836
TJX
Cos.,
Inc.
(The)
1,475
238,449
Tractor
Supply
Co.
700
36,288
Ulta
Beauty,
Inc.*
59
40,403
Williams-Sonoma,
Inc.
162
33,315
1,402,964
Technology
Hardware,
Storage
&
Peripherals
—
7.6%
Apple,
Inc.
19,581
5,172,908
Dell
Technologies,
Inc.,
Class
a
C
400
59,232
Hewlett
Packard
Enterprise
Co.
1,748
37,529
HP,
Inc.
1,239
23,529
NetApp,
Inc.
265
26,243
Sandisk
Corp.*
185
117,542
Seagate
Technology
Holdings
plc
288
117,458
Super
Micro
Computer,
Inc.*
664
21,507
Western
Digital
Corp.
454
126,984
5,702,932
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Deckers
Outdoor
Corp.*
193
22,633
Lululemon
Athletica,
Inc.*
143
26,479
NIKE,
Inc.,
Class
a
B
1,576
97,996
Ralph
Lauren
Corp.,
Class
a
A
51
18,493
Tapestry,
Inc.
271
42,132
207,733
Tobacco
—
0.7%
Altria
Group,
Inc.
2,225
153,614
S&P
500
®
EX-ENERGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
148
SPXE
::
Investments
Shares
Value
Common
Stocks
(continued)
Philip
Morris
International,
Inc.
2,064
$
385,617
539,231
Trading
Companies
&
Distributors
—
0.3%
Fastenal
Co.
1,522
70,073
United
Rentals,
Inc.
84
70,560
WW
Grainger,
Inc.
58
66,394
207,027
Water
Utilities
—
0.0%(a)
American
Water
Works
Co.,
Inc.
259
35,232
Wireless
Telecommunication
Services
—
0.2%
T-Mobile
US,
Inc.
637
138,286
Total
Common
Stocks
(Cost
$48,934,379)
75,186,521
Securities
Lending
Reinvestments
(c)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$11,396)
11,396
11,396
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(e)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$60,592
(Cost
$60,573)
$
60,573
60,573
Total
Investments
—
99.9%
(Cost
$49,006,348)
75,258,490
Other
assets
less
liabilities
—
0.1%
44,184
Net
Assets
—
100.0%
$
75,302,674
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$12,133,
collateralized
in
the
form
of
cash
with
a
value
of
$11,396
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$11,396.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-FINANCIALS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
149
SPXN
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Aerospace
&
Defense
—
2.9%
Axon
Enterprise,
Inc.*
112
$
60,749
Boeing
Co.
(The)*
1,109
252,331
General
Dynamics
Corp.
359
128,181
General
Electric
Co.
1,493
510,994
Howmet
Aerospace,
Inc.
569
149,380
Huntington
Ingalls
Industries,
Inc.
56
24,893
L3Harris
Technologies,
Inc.
264
96,238
Lockheed
Martin
Corp.
287
188,869
Northrop
Grumman
Corp.
190
137,632
RTX
Corp.
1,898
384,573
Textron,
Inc.
251
24,761
TransDigm
Group,
Inc.
80
104,223
2,062,824
Air
Freight
&
Logistics
—
0.4%
CH
Robinson
Worldwide,
Inc.
167
30,937
Expeditors
International
of
Washington,
Inc.
190
27,556
FedEx
Corp.
306
118,422
United
Parcel
Service,
Inc.,
Class
a
B
1,046
121,294
298,209
Automobile
Components
—
0.0%(a)
Aptiv
plc*
307
22,577
Automobiles
—
2.5%
Ford
Motor
Co.
5,540
78,058
General
Motors
Co.
1,321
103,976
Tesla,
Inc.*
3,978
1,601,185
1,783,219
Beverages
—
1.4%
Brown-Forman
Corp.,
Class
a
B(b)
249
7,186
Coca-Cola
Co.
(The)
5,481
447,030
Constellation
Brands,
Inc.,
Class
a
A
199
31,414
Keurig
Dr
Pepper,
Inc.
1,924
58,259
Molson
Coors
Beverage
Co.,
Class
a
B
241
11,807
Monster
Beverage
Corp.*
1,010
86,153
PepsiCo,
Inc.
1,935
328,447
970,296
Biotechnology
—
2.1%
AbbVie,
Inc.
2,503
580,896
Amgen,
Inc.
763
296,166
Biogen,
Inc.*
207
39,707
Gilead
Sciences,
Inc.
1,757
261,705
Incyte
Corp.*
234
23,697
Moderna,
Inc.*
493
26,410
Regeneron
Pharmaceuticals,
Inc.
143
111,779
Vertex
Pharmaceuticals,
Inc.*
359
178,362
1,518,722
Investments
Shares
Value
Common
Stocks
(continued)
Broadline
Retail
—
4.1%
Amazon.com,
Inc.*
13,770
$
2,891,700
eBay,
Inc.
640
58,150
2,949,850
Building
Products
—
0.6%
A
O
Smith
Corp.
162
12,636
Allegion
plc
122
19,660
Builders
FirstSource,
Inc.*
156
16,269
Carrier
Global
Corp.
1,121
72,193
Johnson
Controls
International
plc
865
124,820
Lennox
International,
Inc.
45
25,647
Masco
Corp.
295
21,128
Trane
Technologies
plc
313
144,706
437,059
Chemicals
—
1.3%
Air
Products
and
Chemicals,
Inc.
314
86,560
Albemarle
Corp.
167
29,838
CF
Industries
Holdings,
Inc.
222
22,098
Corteva,
Inc.
957
76,675
Dow,
Inc.
1,006
30,914
DuPont
de
Nemours,
Inc.
593
29,674
Ecolab,
Inc.
361
111,314
International
Flavors
&
Fragrances,
Inc.
364
29,932
Linde
plc
660
335,333
LyondellBasell
Industries
NV,
Class
a
A
366
21,052
Mosaic
Co.
(The)
450
12,528
PPG
Industries,
Inc.
319
39,323
Sherwin-Williams
Co.
(The)
325
117,842
943,083
Commercial
Services
&
Supplies
—
0.6%
Cintas
Corp.
484
97,347
Copart,
Inc.*
1,262
48,070
Republic
Services,
Inc.,
Class
a
A
284
65,036
Rollins,
Inc.
416
25,330
Veralto
Corp.
353
34,393
Waste
Management,
Inc.
525
126,441
396,617
Communications
Equipment
—
1.2%
Arista
Networks,
Inc.*
1,461
195,043
Ciena
Corp.*
200
69,740
Cisco
Systems,
Inc.
5,578
443,228
F5,
Inc.*
82
22,252
Motorola
Solutions,
Inc.
235
113,331
843,594
Construction
&
Engineering
—
0.3%
Comfort
Systems
USA,
Inc.
50
71,468
EMCOR
Group,
Inc.
63
45,651
Quanta
Services,
Inc.
210
118,247
235,366
S&P
500
®
EX-FINANCIALS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
150
SPXN
::
Investments
Shares
Value
Common
Stocks
(continued)
Construction
Materials
—
0.3%
CRH
plc
949
$
113,861
Martin
Marietta
Materials,
Inc.
85
57,509
Vulcan
Materials
Co.
187
57,970
229,340
Consumer
Staples
Distribution
&
Retail
—
2.4%
Costco
Wholesale
Corp.
627
633,765
Dollar
General
Corp.
311
48,591
Dollar
Tree,
Inc.*
268
33,897
Kroger
Co.
(The)
864
58,959
Sysco
Corp.
678
61,806
Target
Corp.
643
73,167
Walmart,
Inc.
6,208
794,314
1,704,499
Containers
&
Packaging
—
0.2%
Amcor
plc
654
31,673
Avery
Dennison
Corp.
109
21,402
Ball
Corp.
379
25,442
International
Paper
Co.
749
32,619
Packaging
Corp.
of
America
127
29,482
Smurfit
Westrock
plc
740
34,788
175,406
Distributors
—
0.1%
Genuine
Parts
Co.
196
23,375
Pool
Corp.
46
10,450
33,825
Diversified
Telecommunication
Services
—
1.0%
AT&T,
Inc.
10,035
281,080
Comcast
Corp.,
Class
a
A
5,146
159,320
Verizon
Communications,
Inc.
5,969
299,286
739,686
Electric
Utilities
—
1.9%
Alliant
Energy
Corp.
365
26,404
American
Electric
Power
Co.,
Inc.
758
101,436
Constellation
Energy
Corp.
442
145,807
Duke
Energy
Corp.
1,101
144,066
Edison
International
545
40,733
Entergy
Corp.
632
67,693
Evergy,
Inc.
327
27,357
Eversource
Energy
531
40,467
Exelon
Corp.
1,431
70,792
FirstEnergy
Corp.
737
37,705
NextEra
Energy,
Inc.
2,949
276,528
NRG
Energy,
Inc.
270
48,319
PG&E
Corp.
3,111
59,109
Pinnacle
West
Capital
Corp.
170
17,051
PPL
Corp.
1,048
40,851
Southern
Co.
(The)
1,560
151,913
Xcel
Energy,
Inc.
839
69,939
1,366,170
Investments
Shares
Value
Common
Stocks
(continued)
Electrical
Equipment
—
1.2%
AMETEK,
Inc.
325
$
77,747
Eaton
Corp.
plc
550
206,756
Emerson
Electric
Co.
796
119,997
GE
Vernova,
Inc.
384
335,462
Generac
Holdings,
Inc.*
83
18,706
Hubbell,
Inc.,
Class
a
B
75
38,372
Rockwell
Automation,
Inc.
159
64,785
861,825
Electronic
Equipment,
Instruments
&
Components
—
1.0%
Amphenol
Corp.,
Class
a
A
1,732
252,976
CDW
Corp.
184
22,566
Corning,
Inc.
1,105
166,170
Jabil,
Inc.
151
40,013
Keysight
Technologies,
Inc.*
242
74,374
TE
Connectivity
plc
417
95,972
Teledyne
Technologies,
Inc.*
66
44,953
Zebra
Technologies
Corp.,
Class
a
A*
72
16,125
713,149
Energy
Equipment
&
Services
—
0.3%
Baker
Hughes
Co.,
Class
a
A
1,398
91,234
Halliburton
Co.
1,193
42,948
SLB
Ltd.
2,116
108,635
242,817
Entertainment
—
1.6%
Electronic
Arts,
Inc.
317
63,581
Live
Nation
Entertainment,
Inc.*
223
36,157
Netflix,
Inc.*
5,999
577,344
Take-Two
Interactive
Software,
Inc.*
245
51,813
TKO
Group
Holdings,
Inc.,
Class
a
A
94
21,044
Walt
Disney
Co.
(The)
2,528
268,069
Warner
Bros
Discovery,
Inc.*
3,508
98,820
1,116,828
Food
Products
—
0.6%
Archer-Daniels-Midland
Co.
682
47,085
Bunge
Global
SA
192
23,165
Campbell's
Co.
(The)
278
7,492
Conagra
Brands,
Inc.
677
13,032
General
Mills,
Inc.
756
34,194
Hershey
Co.
(The)
209
49,383
Hormel
Foods
Corp.
414
10,598
J
M
Smucker
Co.
(The)
150
17,393
Kraft
Heinz
Co.
(The)
1,208
29,729
Lamb
Weston
Holdings,
Inc.
197
9,493
McCormick
&
Co.,
Inc.
(Non-Voting)
360
25,574
Mondelez
International,
Inc.,
Class
a
A
1,827
112,507
Tyson
Foods,
Inc.,
Class
a
A
401
26,061
405,706
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-FINANCIALS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
151
SPXN
::
Investments
Shares
Value
Common
Stocks
(continued)
Gas
Utilities
—
0.1%
Atmos
Energy
Corp.
226
$
42,215
Ground
Transportation
—
1.0%
CSX
Corp.
2,637
112,573
JB
Hunt
Transport
Services,
Inc.
107
24,975
Norfolk
Southern
Corp.
317
99,773
Old
Dominion
Freight
Line,
Inc.
260
52,793
Uber
Technologies,
Inc.*
2,941
221,810
Union
Pacific
Corp.
840
222,583
734,507
Health
Care
Equipment
&
Supplies
—
2.3%
Abbott
Laboratories
2,462
286,454
Align
Technology,
Inc.*
94
17,869
Baxter
International,
Inc.
729
14,850
Becton
Dickinson
&
Co.
406
71,651
Boston
Scientific
Corp.*
2,098
161,231
Cooper
Cos.,
Inc.
(The)*
283
23,679
Dexcom,
Inc.*
552
40,533
Edwards
Lifesciences
Corp.*
822
71,078
GE
HealthCare
Technologies,
Inc.
645
54,354
Hologic,
Inc.*
316
23,814
IDEXX
Laboratories,
Inc.*
113
74,210
Insulet
Corp.*
100
24,661
Intuitive
Surgical,
Inc.*
502
252,762
Medtronic
plc
1,816
177,351
ResMed,
Inc.
206
52,790
Solventum
Corp.*
210
15,582
STERIS
plc
139
35,077
Stryker
Corp.
487
188,693
Zimmer
Biomet
Holdings,
Inc.
282
27,760
1,614,399
Health
Care
Providers
&
Services
—
1.9%
Cardinal
Health,
Inc.
335
76,792
Cencora,
Inc.
274
101,966
Centene
Corp.*
661
29,666
Cigna
Group
(The)
378
109,552
CVS
Health
Corp.
1,798
143,660
DaVita,
Inc.*
50
7,815
Elevance
Health,
Inc.
314
100,480
HCA
Healthcare,
Inc.
225
119,182
Henry
Schein,
Inc.*
143
11,782
Humana,
Inc.
170
32,392
Labcorp
Holdings,
Inc.
117
33,827
McKesson
Corp.
175
172,790
Molina
Healthcare,
Inc.*
73
11,246
Quest
Diagnostics,
Inc.
158
33,482
UnitedHealth
Group,
Inc.
1,283
376,265
Universal
Health
Services,
Inc.,
Class
a
B
78
16,076
1,376,973
Hotels,
Restaurants
&
Leisure
—
2.2%
Airbnb,
Inc.,
Class
a
A*
602
81,336
Investments
Shares
Value
Common
Stocks
(continued)
Booking
Holdings,
Inc.
46
$
195,010
Carnival
Corp.
1,538
48,524
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
1,872
69,676
Darden
Restaurants,
Inc.
165
35,285
Domino's
Pizza,
Inc.
44
17,710
DoorDash,
Inc.,
Class
a
A*
529
93,353
Expedia
Group,
Inc.
166
35,805
Hilton
Worldwide
Holdings,
Inc.
328
102,264
Las
Vegas
Sands
Corp.
431
24,446
Marriott
International,
Inc.,
Class
a
A
314
107,303
McDonald's
Corp.
1,007
343,447
MGM
Resorts
International*
290
10,689
Norwegian
Cruise
Line
Holdings
Ltd.*
645
15,990
Royal
Caribbean
Cruises
Ltd.
359
111,635
Starbucks
Corp.
1,611
157,910
Wynn
Resorts
Ltd.
120
12,983
Yum!
Brands,
Inc.
393
66,087
1,529,453
Household
Durables
—
0.3%
DR
Horton,
Inc.
388
62,231
Garmin
Ltd.
231
58,404
Lennar
Corp.,
Class
a
A
306
34,994
NVR,
Inc.*
4
30,071
PulteGroup,
Inc.
275
37,730
223,430
Household
Products
—
1.1%
Church
&
Dwight
Co.,
Inc.
341
35,757
Clorox
Co.
(The)
172
21,871
Colgate-Palmolive
Co.
1,141
113,119
Kimberly-Clark
Corp.
471
52,488
Procter
&
Gamble
Co.
(The)
3,308
553,098
776,333
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
AES
Corp.
(The)
1,008
17,418
Vistra
Corp.
451
78,425
95,843
Industrial
Conglomerates
—
0.5%
3M
Co.
752
124,321
Honeywell
International,
Inc.
899
218,987
343,308
Interactive
Media
&
Services
—
9.3%
Alphabet,
Inc.,
Class
a
A
8,236
2,567,655
Alphabet,
Inc.,
Class
a
C
6,582
2,049,832
Match
Group,
Inc.
334
10,555
Meta
Platforms,
Inc.,
Class
a
A
3,082
1,997,691
6,625,733
IT
Services
—
0.9%
Accenture
plc,
Class
a
A
878
183,256
Akamai
Technologies,
Inc.*
205
20,170
S&P
500
®
EX-FINANCIALS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
152
SPXN
::
Investments
Shares
Value
Common
Stocks
(continued)
Cognizant
Technology
Solutions
Corp.,
Class
a
A
683
$
44,006
EPAM
Systems,
Inc.*
78
10,998
Gartner,
Inc.*
102
16,034
GoDaddy,
Inc.,
Class
a
A*
191
16,648
International
Business
Machines
Corp.
1,324
318,038
VeriSign,
Inc.
118
26,897
636,047
Leisure
Products
—
0.0%(a)
Hasbro,
Inc.
190
18,922
Life
Sciences
Tools
&
Services
—
1.0%
Agilent
Technologies,
Inc.
401
48,673
Bio-Techne
Corp.
222
13,098
Charles
River
Laboratories
International,
Inc.*
70
12,494
Danaher
Corp.
890
187,470
IQVIA
Holdings,
Inc.*
240
42,914
Mettler-Toledo
International,
Inc.*
29
39,634
Revvity,
Inc.
160
15,730
Thermo
Fisher
Scientific,
Inc.
532
277,231
Waters
Corp.*
138
44,074
West
Pharmaceutical
Services,
Inc.
102
25,943
707,261
Machinery
—
2.3%
Caterpillar,
Inc.
662
491,753
Cummins,
Inc.
195
113,855
Deere
&
Co.
356
224,177
Dover
Corp.
194
43,747
Fortive
Corp.
450
26,640
IDEX
Corp.
106
22,204
Illinois
Tool
Works,
Inc.
374
108,696
Ingersoll
Rand,
Inc.
509
47,917
Nordson
Corp.
76
22,301
Otis
Worldwide
Corp.
552
51,093
PACCAR,
Inc.
744
93,811
Parker-Hannifin
Corp.
179
180,643
Pentair
plc
233
23,111
Snap-on,
Inc.
74
28,506
Stanley
Black
&
Decker,
Inc.
220
19,028
Westinghouse
Air
Brake
Technologies
Corp.
241
63,612
Xylem,
Inc.
344
44,569
1,605,663
Media
—
0.2%
Charter
Communications,
Inc.,
Class
a
A*
125
29,329
Fox
Corp.,
Class
a
A
296
16,677
Fox
Corp.,
Class
a
B
211
10,915
News
Corp.,
Class
a
A
531
12,898
News
Corp.,
Class
a
B
176
4,713
Omnicom
Group,
Inc.
453
38,636
Paramount
Skydance
Corp.,
Class
a
B(b)
440
5,944
Investments
Shares
Value
Common
Stocks
(continued)
Trade
Desk,
Inc.
(The),
Class
a
A*
624
$
14,864
133,976
Metals
&
Mining
—
0.6%
Freeport-McMoRan,
Inc.
2,033
138,407
Newmont
Corp.
1,544
200,720
Nucor
Corp.
323
57,132
Steel
Dynamics,
Inc.
194
37,467
433,726
Multi-Utilities
—
0.7%
Ameren
Corp.
384
43,500
CenterPoint
Energy,
Inc.
926
40,281
CMS
Energy
Corp.
431
33,648
Consolidated
Edison,
Inc.
512
57,610
Dominion
Energy,
Inc.
1,209
76,336
DTE
Energy
Co.
293
43,434
NiSource,
Inc.
676
31,975
Public
Service
Enterprise
Group,
Inc.
707
60,852
Sempra
924
88,953
WEC
Energy
Group,
Inc.
462
54,036
530,625
Oil,
Gas
&
Consumable
Fuels
—
3.7%
APA
Corp.
503
15,276
Chevron
Corp.
2,679
500,330
ConocoPhillips
1,750
198,555
Coterra
Energy,
Inc.
1,079
33,007
Devon
Energy
Corp.
889
38,698
Diamondback
Energy,
Inc.
263
45,783
EOG
Resources,
Inc.
768
95,293
EQT
Corp.
885
54,357
Expand
Energy
Corp.
338
36,477
Exxon
Mobil
Corp.
5,969
910,273
Kinder
Morgan,
Inc.
2,772
92,224
Marathon
Petroleum
Corp.
426
84,437
Occidental
Petroleum
Corp.
1,018
54,035
ONEOK,
Inc.
891
73,748
Phillips
66
572
88,277
Targa
Resources
Corp.
303
71,447
Texas
Pacific
Land
Corp.
81
42,468
Valero
Energy
Corp.
432
88,405
Williams
Cos.,
Inc.
(The)
1,729
129,191
2,652,281
Passenger
Airlines
—
0.2%
Delta
Air
Lines,
Inc.
919
60,378
Southwest
Airlines
Co.
733
36,108
United
Airlines
Holdings,
Inc.*
459
48,792
145,278
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
349
38,205
Kenvue,
Inc.
2,713
51,873
90,078
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-FINANCIALS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
153
SPXN
::
Investments
Shares
Value
Common
Stocks
(continued)
Pharmaceuticals
—
4.2%
Bristol-Myers
Squibb
Co.
2,883
$
179,813
Eli
Lilly
&
Co.
1,125
1,183,489
Johnson
&
Johnson
3,410
847,146
Merck
&
Co.,
Inc.
3,514
435,103
Pfizer,
Inc.
8,049
222,555
Viatris,
Inc.
1,631
24,351
Zoetis,
Inc.,
Class
a
A
624
81,806
2,974,263
Professional
Services
—
0.5%
Automatic
Data
Processing,
Inc.
573
122,828
Broadridge
Financial
Solutions,
Inc.
165
30,669
Equifax,
Inc.
173
36,150
Jacobs
Solutions,
Inc.
169
23,298
Leidos
Holdings,
Inc.
181
31,693
Paychex,
Inc.
460
43,079
Paycom
Software,
Inc.
69
8,682
Verisk
Analytics,
Inc.,
Class
a
A
196
40,684
337,083
Semiconductors
&
Semiconductor
Equipment
—
16.7%
Advanced
Micro
Devices,
Inc.*
2,304
461,284
Analog
Devices,
Inc.
696
247,630
Applied
Materials,
Inc.
1,128
419,954
Broadcom,
Inc.
6,684
2,135,872
First
Solar,
Inc.*
152
29,974
Intel
Corp.*
6,347
289,487
KLA
Corp.
186
283,566
Lam
Research
Corp.
1,778
415,856
Microchip
Technology,
Inc.
766
57,174
Micron
Technology,
Inc.
1,588
654,844
Monolithic
Power
Systems,
Inc.
68
77,706
NVIDIA
Corp.
34,395
6,094,450
NXP
Semiconductors
NV
356
80,816
ON
Semiconductor
Corp.*
571
37,960
Qnity
Electronics,
Inc.
298
37,774
QUALCOMM,
Inc.
1,516
215,818
Skyworks
Solutions,
Inc.
212
12,631
Teradyne,
Inc.
221
70,727
Texas
Instruments,
Inc.
1,287
272,986
11,896,509
Software
—
9.5%
Adobe,
Inc.*
592
155,347
AppLovin
Corp.,
Class
a
A*
383
166,517
Autodesk,
Inc.*
301
74,007
Cadence
Design
Systems,
Inc.*
385
116,039
Crowdstrike
Holdings,
Inc.,
Class
a
A*
354
131,681
Datadog,
Inc.,
Class
a
A*
462
51,725
Fair
Isaac
Corp.*
34
47,918
Fortinet,
Inc.*
895
70,732
Gen
Digital,
Inc.
797
17,988
Intuit,
Inc.
395
161,567
Microsoft
Corp.
10,520
4,131,625
Oracle
Corp.
2,381
346,197
Investments
Shares
Value
Common
Stocks
(continued)
Palantir
Technologies,
Inc.,
Class
a
A*
3,234
$
443,672
Palo
Alto
Networks,
Inc.*
1,125
167,535
PTC,
Inc.*
170
26,620
Roper
Technologies,
Inc.
152
53,159
Salesforce,
Inc.
1,348
262,577
ServiceNow,
Inc.*
1,468
158,559
Synopsys,
Inc.*
262
108,468
Trimble,
Inc.*
338
22,602
Tyler
Technologies,
Inc.*
61
21,636
Workday,
Inc.,
Class
a
A*
306
40,931
6,777,102
Specialty
Retail
—
2.1%
AutoZone,
Inc.*
24
90,134
Best
Buy
Co.,
Inc.
278
17,228
Carvana
Co.,
Class
a
A*
199
66,498
Home
Depot,
Inc.
(The)
1,409
536,434
Lowe's
Cos.,
Inc.
794
210,068
O'Reilly
Automotive,
Inc.*
1,195
112,187
Ross
Stores,
Inc.
461
94,800
TJX
Cos.,
Inc.
(The)
1,575
254,614
Tractor
Supply
Co.
749
38,828
Ulta
Beauty,
Inc.*
63
43,142
Williams-Sonoma,
Inc.
172
35,372
1,499,305
Technology
Hardware,
Storage
&
Peripherals
—
8.6%
Apple,
Inc.
20,915
5,525,325
Dell
Technologies,
Inc.,
Class
a
C
428
63,378
Hewlett
Packard
Enterprise
Co.
1,868
40,106
HP,
Inc.
1,325
25,162
NetApp,
Inc.
284
28,124
Sandisk
Corp.*
196
124,530
Seagate
Technology
Holdings
plc
308
125,615
Super
Micro
Computer,
Inc.*
710
22,997
Western
Digital
Corp.
484
135,375
6,090,612
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Deckers
Outdoor
Corp.*
206
24,158
Lululemon
Athletica,
Inc.*
153
28,331
NIKE,
Inc.,
Class
a
B
1,684
104,711
Ralph
Lauren
Corp.,
Class
a
A
55
19,943
Tapestry,
Inc.
289
44,931
222,074
Tobacco
—
0.8%
Altria
Group,
Inc.
2,377
164,108
Philip
Morris
International,
Inc.
2,203
411,587
575,695
Trading
Companies
&
Distributors
—
0.3%
Fastenal
Co.
1,626
74,861
United
Rentals,
Inc.
90
75,600
WW
Grainger,
Inc.
62
70,973
221,434
S&P
500
®
EX-FINANCIALS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
154
SPXN
::
Investments
Shares
Value
Common
Stocks
(continued)
Water
Utilities
—
0.1%
American
Water
Works
Co.,
Inc.
275
$
37,408
Wireless
Telecommunication
Services
—
0.2%
T-Mobile
US,
Inc.
680
147,621
Total
Common
Stocks
(Cost
$48,593,466)
71,145,824
Securities
Lending
Reinvestments
(c)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$12,303)
12,303
12,303
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(e)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$40,139
(Cost
$40,125)
$
40,125
40,125
Total
Investments
—
99.9%
(Cost
$48,645,894)
71,198,252
Other
assets
less
liabilities
—
0.1%
50,680
Net
Assets
—
100.0%
$
71,248,932
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$13,088,
collateralized
in
the
form
of
cash
with
a
value
of
$12,303
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$12,303.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-HEALTH
CARE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
155
SPXV
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Aerospace
&
Defense
—
2.7%
Axon
Enterprise,
Inc.*
53
$
28,747
Boeing
Co.
(The)*
529
120,363
General
Dynamics
Corp.
171
61,056
General
Electric
Co.
712
243,689
Howmet
Aerospace,
Inc.
271
71,146
Huntington
Ingalls
Industries,
Inc.
27
12,002
L3Harris
Technologies,
Inc.
126
45,932
Lockheed
Martin
Corp.
138
90,815
Northrop
Grumman
Corp.
91
65,919
RTX
Corp.
906
183,574
Textron,
Inc.
119
11,739
TransDigm
Group,
Inc.
38
49,506
984,488
Air
Freight
&
Logistics
—
0.4%
CH
Robinson
Worldwide,
Inc.
80
14,820
Expeditors
International
of
Washington,
Inc.
91
13,198
FedEx
Corp.
147
56,889
United
Parcel
Service,
Inc.,
Class
a
B
499
57,864
142,771
Automobile
Components
—
0.0%(a)
Aptiv
plc*
146
10,737
Automobiles
—
2.4%
Ford
Motor
Co.
2,645
37,268
General
Motors
Co.
631
49,666
Tesla,
Inc.*
1,899
764,367
851,301
Banks
—
3.8%
Bank
of
America
Corp.
4,540
226,228
Citigroup,
Inc.
1,210
133,330
Citizens
Financial
Group,
Inc.
291
17,515
Fifth
Third
Bancorp
608
30,078
Huntington
Bancshares,
Inc.
1,375
23,100
JPMorgan
Chase
&
Co.
1,839
552,252
KeyCorp
628
13,025
M&T
Bank
Corp.
104
22,566
PNC
Financial
Services
Group,
Inc.
(The)
264
56,060
Regions
Financial
Corp.
594
16,531
Truist
Financial
Corp.
865
42,653
US
Bancorp
1,050
57,393
Wells
Fargo
&
Co.
2,120
172,674
1,363,405
Beverages
—
1.3%
Brown-Forman
Corp.,
Class
a
B(b)
120
3,463
Coca-Cola
Co.
(The)
2,616
213,361
Constellation
Brands,
Inc.,
Class
a
A
95
14,997
Keurig
Dr
Pepper,
Inc.
920
27,857
Investments
Shares
Value
Common
Stocks
(continued)
Molson
Coors
Beverage
Co.,
Class
a
B
115
$
5,634
Monster
Beverage
Corp.*
482
41,115
PepsiCo,
Inc.
924
156,840
463,267
Broadline
Retail
—
3.9%
Amazon.com,
Inc.*
6,574
1,380,540
eBay,
Inc.
306
27,803
1,408,343
Building
Products
—
0.6%
A
O
Smith
Corp.
77
6,006
Allegion
plc
58
9,347
Builders
FirstSource,
Inc.*
75
7,822
Carrier
Global
Corp.
536
34,518
Johnson
Controls
International
plc
413
59,596
Lennox
International,
Inc.
22
12,539
Masco
Corp.
141
10,098
Trane
Technologies
plc
150
69,348
209,274
Capital
Markets
—
3.5%
Ameriprise
Financial,
Inc.
63
29,618
Ares
Management
Corp.,
Class
a
A
139
15,569
Bank
of
New
York
Mellon
Corp.
(The)
471
56,096
Blackrock,
Inc.
98
104,197
Blackstone,
Inc.
499
56,572
Cboe
Global
Markets,
Inc.
71
21,280
Charles
Schwab
Corp.
(The)
1,129
107,481
CME
Group,
Inc.
243
77,638
Coinbase
Global,
Inc.,
Class
a
A*
154
27,081
FactSet
Research
Systems,
Inc.
25
5,420
Franklin
Resources,
Inc.
208
5,520
Goldman
Sachs
Group,
Inc.
(The)
202
173,633
Interactive
Brokers
Group,
Inc.,
Class
a
A
302
21,499
Intercontinental
Exchange,
Inc.
385
63,190
Invesco
Ltd.
301
7,904
KKR
&
Co.,
Inc.
464
40,684
Moody's
Corp.
104
49,669
Morgan
Stanley
816
135,872
MSCI,
Inc.,
Class
a
A
51
29,163
Nasdaq,
Inc.
305
26,712
Northern
Trust
Corp.
128
18,316
Raymond
James
Financial,
Inc.
119
18,217
Robinhood
Markets,
Inc.,
Class
a
A*
532
40,352
S&P
Global,
Inc.
209
92,353
State
Street
Corp.
188
24,181
T.
Rowe
Price
Group,
Inc.
147
13,911
1,262,128
Chemicals
—
1.3%
Air
Products
and
Chemicals,
Inc.
150
41,350
S&P
500
®
EX-HEALTH
CARE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
156
SPXV
::
Investments
Shares
Value
Common
Stocks
(continued)
Albemarle
Corp.
80
$
14,294
CF
Industries
Holdings,
Inc.
105
10,452
Corteva,
Inc.
457
36,615
Dow,
Inc.
482
14,812
DuPont
de
Nemours,
Inc.
283
14,161
Ecolab,
Inc.
172
53,036
International
Flavors
&
Fragrances,
Inc.
174
14,308
Linde
plc
315
160,045
LyondellBasell
Industries
NV,
Class
a
A
175
10,066
Mosaic
Co.
(The)
215
5,986
PPG
Industries,
Inc.
151
18,614
Sherwin-Williams
Co.
(The)
156
56,564
450,303
Commercial
Services
&
Supplies
—
0.5%
Cintas
Corp.
230
46,260
Copart,
Inc.*
602
22,930
Republic
Services,
Inc.,
Class
a
A
136
31,144
Rollins,
Inc.
199
12,117
Veralto
Corp.
168
16,368
Waste
Management,
Inc.
250
60,210
189,029
Communications
Equipment
—
1.1%
Arista
Networks,
Inc.*
697
93,050
Ciena
Corp.*
95
33,126
Cisco
Systems,
Inc.
2,663
211,602
F5,
Inc.*
39
10,583
Motorola
Solutions,
Inc.
113
54,495
402,856
Construction
&
Engineering
—
0.3%
Comfort
Systems
USA,
Inc.
24
34,305
EMCOR
Group,
Inc.
30
21,739
Quanta
Services,
Inc.
101
56,871
112,915
Construction
Materials
—
0.3%
CRH
plc
453
54,351
Martin
Marietta
Materials,
Inc.
41
27,739
Vulcan
Materials
Co.
89
27,590
109,680
Consumer
Finance
—
0.6%
American
Express
Co.
363
112,131
Capital
One
Financial
Corp.
430
84,125
Synchrony
Financial
245
16,932
213,188
Consumer
Staples
Distribution
&
Retail
—
2.3%
Costco
Wholesale
Corp.
299
302,226
Dollar
General
Corp.
149
23,280
Dollar
Tree,
Inc.*
128
16,189
Kroger
Co.
(The)
412
28,115
Sysco
Corp.
325
29,627
Target
Corp.
307
34,934
Investments
Shares
Value
Common
Stocks
(continued)
Walmart,
Inc.
2,963
$
379,116
813,487
Containers
&
Packaging
—
0.2%
Amcor
plc
312
15,110
Avery
Dennison
Corp.
52
10,210
Ball
Corp.
182
12,218
International
Paper
Co.
357
15,547
Packaging
Corp.
of
America
60
13,928
Smurfit
Westrock
plc
353
16,595
83,608
Distributors
—
0.0%(a)
Genuine
Parts
Co.
94
11,210
Pool
Corp.
22
4,998
16,208
Diversified
Telecommunication
Services
—
1.0%
AT&T,
Inc.
4,793
134,252
Comcast
Corp.,
Class
a
A
2,456
76,038
Verizon
Communications,
Inc.
2,851
142,949
353,239
Electric
Utilities
—
1.8%
Alliant
Energy
Corp.
175
12,660
American
Electric
Power
Co.,
Inc.
362
48,443
Constellation
Energy
Corp.
210
69,275
Duke
Energy
Corp.
526
68,827
Edison
International
261
19,507
Entergy
Corp.
302
32,347
Evergy,
Inc.
156
13,051
Eversource
Energy
255
19,434
Exelon
Corp.
683
33,788
FirstEnergy
Corp.
351
17,957
NextEra
Energy,
Inc.
1,407
131,934
NRG
Energy,
Inc.
130
23,265
PG&E
Corp.
1,485
28,215
Pinnacle
West
Capital
Corp.
81
8,124
PPL
Corp.
501
19,529
Southern
Co.
(The)
744
72,451
Xcel
Energy,
Inc.
400
33,344
652,151
Electrical
Equipment
—
1.2%
AMETEK,
Inc.
156
37,318
Eaton
Corp.
plc
262
98,491
Emerson
Electric
Co.
380
57,285
GE
Vernova,
Inc.
183
159,869
Generac
Holdings,
Inc.*
40
9,015
Hubbell,
Inc.,
Class
a
B
36
18,419
Rockwell
Automation,
Inc.
76
30,966
411,363
Electronic
Equipment,
Instruments
&
Components
—
1.0%
Amphenol
Corp.,
Class
a
A
827
120,792
CDW
Corp.
88
10,792
Corning,
Inc.
527
79,250
Jabil,
Inc.
72
19,079
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-HEALTH
CARE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
157
SPXV
::
Investments
Shares
Value
Common
Stocks
(continued)
Keysight
Technologies,
Inc.*
116
$
35,650
TE
Connectivity
plc
199
45,800
Teledyne
Technologies,
Inc.*
32
21,795
Zebra
Technologies
Corp.,
Class
a
A*
34
7,615
340,773
Energy
Equipment
&
Services
—
0.3%
Baker
Hughes
Co.,
Class
a
A
667
43,529
Halliburton
Co.
570
20,520
SLB
Ltd.
1,010
51,853
115,902
Entertainment
—
1.5%
Electronic
Arts,
Inc.
152
30,487
Live
Nation
Entertainment,
Inc.*
107
17,349
Netflix,
Inc.*
2,864
275,631
Take-Two
Interactive
Software,
Inc.*
117
24,743
TKO
Group
Holdings,
Inc.,
Class
a
A
45
10,074
Walt
Disney
Co.
(The)
1,207
127,990
Warner
Bros
Discovery,
Inc.*
1,675
47,185
533,459
Financial
Services
—
4.0%
Apollo
Global
Management,
Inc.
313
32,740
Berkshire
Hathaway,
Inc.,
Class
a
B*
1,240
626,138
Block,
Inc.,
Class
a
A*
370
23,569
Corpay,
Inc.*
47
15,280
Fidelity
National
Information
Services,
Inc.
350
17,836
Fiserv,
Inc.*
364
22,674
Global
Payments,
Inc.
161
12,310
Jack
Henry
&
Associates,
Inc.
49
7,960
Mastercard,
Inc.,
Class
a
A
554
286,534
PayPal
Holdings,
Inc.
634
29,297
Visa,
Inc.,
Class
a
A
1,141
365,280
1,439,618
Food
Products
—
0.5%
Archer-Daniels-Midland
Co.
325
22,438
Bunge
Global
SA
92
11,100
Campbell's
Co.
(The)
134
3,611
Conagra
Brands,
Inc.
323
6,218
General
Mills,
Inc.
361
16,328
Hershey
Co.
(The)
100
23,628
Hormel
Foods
Corp.
198
5,069
J
M
Smucker
Co.
(The)
72
8,348
Kraft
Heinz
Co.
(The)
577
14,200
Lamb
Weston
Holdings,
Inc.
95
4,578
McCormick
&
Co.,
Inc.
(Non-Voting)
172
12,219
Mondelez
International,
Inc.,
Class
a
A
872
53,698
Tyson
Foods,
Inc.,
Class
a
A
192
12,478
193,913
Investments
Shares
Value
Common
Stocks
(continued)
Gas
Utilities
—
0.1%
Atmos
Energy
Corp.
109
$
20,360
Ground
Transportation
—
1.0%
CSX
Corp.
1,260
53,789
JB
Hunt
Transport
Services,
Inc.
51
11,904
Norfolk
Southern
Corp.
152
47,841
Old
Dominion
Freight
Line,
Inc.
124
25,178
Uber
Technologies,
Inc.*
1,404
105,890
Union
Pacific
Corp.
401
106,257
350,859
Health
Care
REITs
—
0.4%
Alexandria
Real
Estate
Equities,
Inc.,
REIT
106
5,728
Healthpeak
Properties,
Inc.,
REIT
471
8,327
Ventas,
Inc.,
REIT
319
27,485
Welltower,
Inc.,
REIT
464
96,104
137,644
Hotel
&
Resort
REITs
—
0.0%(a)
Host
Hotels
&
Resorts,
Inc.,
REIT
433
8,483
Hotels,
Restaurants
&
Leisure
—
2.0%
Airbnb,
Inc.,
Class
a
A*
288
38,912
Booking
Holdings,
Inc.
22
93,266
Carnival
Corp.
734
23,158
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
894
33,275
Darden
Restaurants,
Inc.
79
16,894
Domino's
Pizza,
Inc.
21
8,453
DoorDash,
Inc.,
Class
a
A*
252
44,470
Expedia
Group,
Inc.
79
17,040
Hilton
Worldwide
Holdings,
Inc.
157
48,949
Las
Vegas
Sands
Corp.
207
11,741
Marriott
International,
Inc.,
Class
a
A
151
51,601
McDonald's
Corp.
481
164,050
MGM
Resorts
International*
140
5,160
Norwegian
Cruise
Line
Holdings
Ltd.*
308
7,635
Royal
Caribbean
Cruises
Ltd.
171
53,174
Starbucks
Corp.
769
75,377
Wynn
Resorts
Ltd.
57
6,167
Yum!
Brands,
Inc.
188
31,614
730,936
Household
Durables
—
0.3%
DR
Horton,
Inc.
185
29,672
Garmin
Ltd.
111
28,064
Lennar
Corp.,
Class
a
A
145
16,582
NVR,
Inc.*
2
15,036
PulteGroup,
Inc.
132
18,110
107,464
S&P
500
®
EX-HEALTH
CARE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
158
SPXV
::
Investments
Shares
Value
Common
Stocks
(continued)
Household
Products
—
1.0%
Church
&
Dwight
Co.,
Inc.
162
$
16,987
Clorox
Co.
(The)
82
10,427
Colgate-Palmolive
Co.
545
54,031
Kimberly-Clark
Corp.
224
24,963
Procter
&
Gamble
Co.
(The)
1,579
264,009
370,417
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
AES
Corp.
(The)
482
8,329
Vistra
Corp.
214
37,212
45,541
Industrial
Conglomerates
—
0.5%
3M
Co.
358
59,185
Honeywell
International,
Inc.
429
104,500
163,685
Industrial
REITs
—
0.3%
Prologis,
Inc.,
REIT
627
89,391
Insurance
—
1.9%
Aflac,
Inc.
319
36,025
Allstate
Corp.
(The)
177
37,970
American
International
Group,
Inc.
366
29,459
Aon
plc,
Class
a
A
145
48,643
Arch
Capital
Group
Ltd.*
244
24,437
Arthur
J
Gallagher
&
Co.
174
39,707
Assurant,
Inc.
34
7,806
Brown
&
Brown,
Inc.
199
14,292
Chubb
Ltd.
246
83,852
Cincinnati
Financial
Corp.
105
17,218
Erie
Indemnity
Co.,
Class
a
A
17
4,580
Everest
Group
Ltd.
28
9,394
Globe
Life,
Inc.
54
7,844
Hartford
Insurance
Group,
Inc.
(The)
187
26,335
Loews
Corp.
115
12,652
Marsh
&
McLennan
Cos.,
Inc.
330
61,624
MetLife,
Inc.
375
27,026
Principal
Financial
Group,
Inc.
135
12,882
Progressive
Corp.
(The)
396
84,609
Prudential
Financial,
Inc.
237
23,316
Travelers
Cos.,
Inc.
(The)
151
46,605
W
R
Berkley
Corp.
204
14,627
Willis
Towers
Watson
plc
65
19,836
690,739
Interactive
Media
&
Services
—
8.8%
Alphabet,
Inc.,
Class
a
A
3,930
1,225,217
Alphabet,
Inc.,
Class
a
C
3,142
978,513
Match
Group,
Inc.
161
5,087
Meta
Platforms,
Inc.,
Class
a
A
1,471
953,473
3,162,290
IT
Services
—
0.9%
Accenture
plc,
Class
a
A
419
87,454
Investments
Shares
Value
Common
Stocks
(continued)
Akamai
Technologies,
Inc.*
97
$
9,544
Cognizant
Technology
Solutions
Corp.,
Class
a
A
327
21,069
EPAM
Systems,
Inc.*
37
5,217
Gartner,
Inc.*
49
7,703
GoDaddy,
Inc.,
Class
a
A*
91
7,931
International
Business
Machines
Corp.
631
151,572
VeriSign,
Inc.
56
12,765
303,255
Leisure
Products
—
0.0%(a)
Hasbro,
Inc.
90
8,963
Machinery
—
2.1%
Caterpillar,
Inc.
315
233,992
Cummins,
Inc.
93
54,300
Deere
&
Co.
170
107,051
Dover
Corp.
93
20,972
Fortive
Corp.
216
12,787
IDEX
Corp.
51
10,683
Illinois
Tool
Works,
Inc.
178
51,732
Ingersoll
Rand,
Inc.
243
22,876
Nordson
Corp.
36
10,564
Otis
Worldwide
Corp.
263
24,343
PACCAR,
Inc.
355
44,762
Parker-Hannifin
Corp.
85
85,780
Pentair
plc
111
11,010
Snap-on,
Inc.
35
13,483
Stanley
Black
&
Decker,
Inc.
105
9,081
Westinghouse
Air
Brake
Technologies
Corp.
116
30,618
Xylem,
Inc.
165
21,377
765,411
Media
—
0.2%
Charter
Communications,
Inc.,
Class
a
A*
59
13,843
Fox
Corp.,
Class
a
A
142
8,000
Fox
Corp.,
Class
a
B
101
5,225
News
Corp.,
Class
a
A
253
6,145
News
Corp.,
Class
a
B
84
2,250
Omnicom
Group,
Inc.
216
18,423
Paramount
Skydance
Corp.,
Class
a
B(b)
210
2,837
Trade
Desk,
Inc.
(The),
Class
a
A*
298
7,098
63,821
Metals
&
Mining
—
0.6%
Freeport-McMoRan,
Inc.
971
66,106
Newmont
Corp.
737
95,810
Nucor
Corp.
155
27,416
Steel
Dynamics,
Inc.
93
17,961
207,293
Multi-Utilities
—
0.7%
Ameren
Corp.
183
20,730
CenterPoint
Energy,
Inc.
442
19,227
CMS
Energy
Corp.
207
16,160
Consolidated
Edison,
Inc.
244
27,455
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-HEALTH
CARE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
159
SPXV
::
Investments
Shares
Value
Common
Stocks
(continued)
Dominion
Energy,
Inc.
578
$
36,495
DTE
Energy
Co.
140
20,754
NiSource,
Inc.
323
15,278
Public
Service
Enterprise
Group,
Inc.
338
29,092
Sempra
442
42,551
WEC
Energy
Group,
Inc.
220
25,731
253,473
Office
REITs
—
0.0%(a)
BXP,
Inc.,
REIT
101
5,816
Oil,
Gas
&
Consumable
Fuels
—
3.5%
APA
Corp.
240
7,289
Chevron
Corp.
1,280
239,053
ConocoPhillips
836
94,853
Coterra
Energy,
Inc.
516
15,785
Devon
Energy
Corp.
425
18,500
Diamondback
Energy,
Inc.
126
21,934
EOG
Resources,
Inc.
367
45,537
EQT
Corp.
423
25,981
Expand
Energy
Corp.
161
17,375
Exxon
Mobil
Corp.
2,850
434,625
Kinder
Morgan,
Inc.
1,325
44,083
Marathon
Petroleum
Corp.
202
40,038
Occidental
Petroleum
Corp.
487
25,850
ONEOK,
Inc.
425
35,177
Phillips
66
271
41,823
Targa
Resources
Corp.
145
34,191
Texas
Pacific
Land
Corp.
39
20,447
Valero
Energy
Corp.
205
41,951
Williams
Cos.,
Inc.
(The)
826
61,719
1,266,211
Passenger
Airlines
—
0.2%
Delta
Air
Lines,
Inc.
439
28,842
Southwest
Airlines
Co.
350
17,241
United
Airlines
Holdings,
Inc.*
219
23,280
69,363
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
165
18,063
Kenvue,
Inc.
1,296
24,779
42,842
Professional
Services
—
0.5%
Automatic
Data
Processing,
Inc.
272
58,306
Broadridge
Financial
Solutions,
Inc.
79
14,684
Equifax,
Inc.
83
17,344
Jacobs
Solutions,
Inc.
81
11,167
Leidos
Holdings,
Inc.
86
15,059
Paychex,
Inc.
219
20,509
Paycom
Software,
Inc.
33
4,152
Verisk
Analytics,
Inc.,
Class
a
A
94
19,511
160,732
Investments
Shares
Value
Common
Stocks
(continued)
Real
Estate
Management
&
Development
—
0.1%
CBRE
Group,
Inc.,
Class
a
A*
198
$
29,237
CoStar
Group,
Inc.*
288
12,853
42,090
Residential
REITs
—
0.2%
AvalonBay
Communities,
Inc.,
REIT
96
17,014
Camden
Property
Trust,
REIT
72
7,800
Equity
Residential,
REIT
235
14,854
Essex
Property
Trust,
Inc.,
REIT
44
11,225
Invitation
Homes,
Inc.,
REIT
382
10,062
Mid-America
Apartment
Communities,
Inc.,
REIT
79
10,575
UDR,
Inc.,
REIT
203
7,613
79,143
Retail
REITs
—
0.3%
Federal
Realty
Investment
Trust,
REIT
53
5,765
Kimco
Realty
Corp.,
REIT
459
10,809
Realty
Income
Corp.,
REIT
622
41,674
Regency
Centers
Corp.,
REIT
112
8,848
Simon
Property
Group,
Inc.,
REIT
220
44,847
111,943
Semiconductors
&
Semiconductor
Equipment
—
15.8%
Advanced
Micro
Devices,
Inc.*
1,101
220,431
Analog
Devices,
Inc.
332
118,122
Applied
Materials,
Inc.
539
200,670
Broadcom,
Inc.
3,191
1,019,684
First
Solar,
Inc.*
73
14,396
Intel
Corp.*
3,029
138,153
KLA
Corp.
89
135,685
Lam
Research
Corp.
848
198,339
Microchip
Technology,
Inc.
365
27,244
Micron
Technology,
Inc.
758
312,576
Monolithic
Power
Systems,
Inc.
32
36,568
NVIDIA
Corp.
16,420
2,909,460
NXP
Semiconductors
NV
170
38,592
ON
Semiconductor
Corp.*
272
18,082
Qnity
Electronics,
Inc.
142
18,000
QUALCOMM,
Inc.
723
102,926
Skyworks
Solutions,
Inc.
102
6,077
Teradyne,
Inc.
106
33,923
Texas
Instruments,
Inc.
613
130,023
5,678,951
Software
—
9.0%
Adobe,
Inc.*
282
74,000
AppLovin
Corp.,
Class
a
A*
183
79,563
Autodesk,
Inc.*
144
35,405
Cadence
Design
Systems,
Inc.*
184
55,457
Crowdstrike
Holdings,
Inc.,
Class
a
A*
170
63,236
Datadog,
Inc.,
Class
a
A*
219
24,519
Fair
Isaac
Corp.*
16
22,550
Fortinet,
Inc.*
428
33,825
S&P
500
®
EX-HEALTH
CARE
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
160
SPXV
::
Investments
Shares
Value
Common
Stocks
(continued)
Gen
Digital,
Inc.
380
$
8,577
Intuit,
Inc.
188
76,898
Microsoft
Corp.
5,022
1,972,340
Oracle
Corp.
1,137
165,320
Palantir
Technologies,
Inc.,
Class
a
A*
1,543
211,684
Palo
Alto
Networks,
Inc.*
537
79,970
PTC,
Inc.*
81
12,684
Roper
Technologies,
Inc.
73
25,530
Salesforce,
Inc.
643
125,250
ServiceNow,
Inc.*
700
75,607
Synopsys,
Inc.*
126
52,164
Trimble,
Inc.*
162
10,833
Tyler
Technologies,
Inc.*
29
10,286
Workday,
Inc.,
Class
a
A*
147
19,663
3,235,361
Specialized
REITs
—
0.9%
American
Tower
Corp.,
REIT
316
60,628
Crown
Castle,
Inc.,
REIT
294
26,325
Digital
Realty
Trust,
Inc.,
REIT
217
38,452
Equinix,
Inc.,
REIT
66
64,301
Extra
Space
Storage,
Inc.,
REIT
143
21,597
Iron
Mountain,
Inc.,
REIT
200
21,666
Public
Storage,
REIT
107
32,855
SBA
Communications
Corp.,
Class
a
A,
REIT
72
14,484
VICI
Properties,
Inc.,
Class
a
A,
REIT
723
21,842
Weyerhaeuser
Co.,
REIT
488
11,971
314,121
Specialty
Retail
—
2.0%
AutoZone,
Inc.*
11
41,311
Best
Buy
Co.,
Inc.
133
8,242
Carvana
Co.,
Class
a
A*
96
32,079
Home
Depot,
Inc.
(The)
672
255,844
Lowe's
Cos.,
Inc.
379
100,272
O'Reilly
Automotive,
Inc.*
571
53,606
Ross
Stores,
Inc.
219
45,035
TJX
Cos.,
Inc.
(The)
751
121,407
Tractor
Supply
Co.
357
18,507
Ulta
Beauty,
Inc.*
30
20,544
Williams-Sonoma,
Inc.
82
16,863
713,710
Technology
Hardware,
Storage
&
Peripherals
—
8.1%
Apple,
Inc.
9,985
2,637,837
Dell
Technologies,
Inc.,
Class
a
C
203
30,060
Hewlett
Packard
Enterprise
Co.
892
19,151
HP,
Inc.
632
12,002
NetApp,
Inc.
134
13,270
Sandisk
Corp.*
94
59,724
Seagate
Technology
Holdings
plc
147
59,953
Super
Micro
Computer,
Inc.*
339
10,980
Western
Digital
Corp.
230
64,331
2,907,308
Investments
Shares
Value
Common
Stocks
(continued)
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Deckers
Outdoor
Corp.*
99
$
11,610
Lululemon
Athletica,
Inc.*
73
13,517
NIKE,
Inc.,
Class
a
B
804
49,993
Ralph
Lauren
Corp.,
Class
a
A
26
9,427
Tapestry,
Inc.
138
21,455
106,002
Tobacco
—
0.8%
Altria
Group,
Inc.
1,135
78,361
Philip
Morris
International,
Inc.
1,051
196,358
274,719
Trading
Companies
&
Distributors
—
0.3%
Fastenal
Co.
776
35,727
United
Rentals,
Inc.
43
36,120
WW
Grainger,
Inc.
30
34,342
106,189
Water
Utilities
—
0.1%
American
Water
Works
Co.,
Inc.
132
17,956
Wireless
Telecommunication
Services
—
0.2%
T-Mobile
US,
Inc.
324
70,337
Total
Common
Stocks
(Cost
$24,589,786)
35,810,225
Securities
Lending
Reinvestments
(c)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$5,884)
5,884
5,884
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(e)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$20,328
(Cost
$20,323)
$
20,323
20,323
Total
Investments
—
99.9%
(Cost
$24,615,993)
35,836,432
Other
assets
less
liabilities
—
0.1%
23,680
Net
Assets
—
100.0%
$
35,860,112
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$6,258,
collateralized
in
the
form
of
cash
with
a
value
of
$5,884
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-HEALTH
CARE
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
161
SPXV
::
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$5,884.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
S&P
500
®
EX-TECHNOLOGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
162
SPXT
::
Investments
Shares
Value
Common
Stocks
—
99
.7
%
Aerospace
&
Defense
—
3.7%
Axon
Enterprise,
Inc.*
548
$
297,235
Boeing
Co.
(The)*
5,441
1,237,991
General
Dynamics
Corp.
1,762
629,122
General
Electric
Co.
7,330
2,508,766
Howmet
Aerospace,
Inc.
2,794
733,509
Huntington
Ingalls
Industries,
Inc.
272
120,909
L3Harris
Technologies,
Inc.
1,300
473,902
Lockheed
Martin
Corp.
1,416
931,841
Northrop
Grumman
Corp.
933
675,847
RTX
Corp.
9,316
1,887,608
Textron,
Inc.
1,225
120,846
TransDigm
Group,
Inc.
390
508,088
10,125,664
Air
Freight
&
Logistics
—
0.5%
CH
Robinson
Worldwide,
Inc.
821
152,090
Expeditors
International
of
Washington,
Inc.
932
135,168
FedEx
Corp.
1,509
583,983
United
Parcel
Service,
Inc.,
Class
a
B
5,135
595,455
1,466,696
Automobile
Components
—
0.0%(a)
Aptiv
plc*
1,502
110,457
Automobiles
—
3.2%
Ford
Motor
Co.
27,197
383,206
General
Motors
Co.
6,482
510,198
Tesla,
Inc.*
19,525
7,859,008
8,752,412
Banks
—
5.1%
Bank
of
America
Corp.
46,686
2,326,363
Citigroup,
Inc.
12,433
1,369,992
Citizens
Financial
Group,
Inc.
2,985
179,667
Fifth
Third
Bancorp
6,246
308,990
Huntington
Bancshares,
Inc.
14,078
236,510
JPMorgan
Chase
&
Co.
18,917
5,680,775
KeyCorp
6,456
133,898
M&T
Bank
Corp.
1,068
231,735
PNC
Financial
Services
Group,
Inc.
(The)
2,726
578,866
Regions
Financial
Corp.
6,094
169,596
Truist
Financial
Corp.
8,891
438,415
US
Bancorp
10,801
590,383
Wells
Fargo
&
Co.
21,813
1,776,669
14,021,859
Beverages
—
1.7%
Brown-Forman
Corp.,
Class
a
B(b)
1,225
35,353
Coca-Cola
Co.
(The)
26,903
2,194,208
Constellation
Brands,
Inc.,
Class
a
A
980
154,703
Keurig
Dr
Pepper,
Inc.
9,442
285,904
Investments
Shares
Value
Common
Stocks
(continued)
Molson
Coors
Beverage
Co.,
Class
a
B
1,177
$
57,661
Monster
Beverage
Corp.*
4,956
422,747
PepsiCo,
Inc.
9,501
1,612,700
4,763,276
Biotechnology
—
2.7%
AbbVie,
Inc.
12,282
2,850,407
Amgen,
Inc.
3,743
1,452,883
Biogen,
Inc.*
1,020
195,657
Gilead
Sciences,
Inc.
8,622
1,284,247
Incyte
Corp.*
1,145
115,954
Moderna,
Inc.*
2,416
129,425
Regeneron
Pharmaceuticals,
Inc.
699
546,387
Vertex
Pharmaceuticals,
Inc.*
1,763
875,911
7,450,871
Broadline
Retail
—
5.2%
Amazon.com,
Inc.*
67,599
14,195,790
eBay,
Inc.
3,140
285,300
14,481,090
Building
Products
—
0.8%
A
O
Smith
Corp.
788
61,464
Allegion
plc
597
96,207
Builders
FirstSource,
Inc.*
767
79,991
Carrier
Global
Corp.
5,500
354,200
Johnson
Controls
International
plc
4,248
612,986
Lennox
International,
Inc.
220
125,387
Masco
Corp.
1,444
103,419
Trane
Technologies
plc
1,541
712,435
2,146,089
Capital
Markets
—
4.7%
Ameriprise
Financial,
Inc.
644
302,757
Ares
Management
Corp.,
Class
a
A
1,432
160,398
Bank
of
New
York
Mellon
Corp.
(The)
4,846
577,159
Blackrock,
Inc.
1,003
1,066,420
Blackstone,
Inc.
5,132
581,815
Cboe
Global
Markets,
Inc.
726
217,597
Charles
Schwab
Corp.
(The)
11,607
1,104,986
CME
Group,
Inc.
2,506
800,667
Coinbase
Global,
Inc.,
Class
a
A*
1,585
278,722
FactSet
Research
Systems,
Inc.
260
56,371
Franklin
Resources,
Inc.
2,137
56,716
Goldman
Sachs
Group,
Inc.
(The)
2,084
1,791,344
Interactive
Brokers
Group,
Inc.,
Class
a
A
3,094
220,262
Intercontinental
Exchange,
Inc.
3,961
650,119
Invesco
Ltd.
3,094
81,248
KKR
&
Co.,
Inc.
4,771
418,321
Moody's
Corp.
1,066
509,111
Morgan
Stanley
8,394
1,397,685
MSCI,
Inc.,
Class
a
A
522
298,495
Nasdaq,
Inc.
3,134
274,476
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-TECHNOLOGY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
163
SPXT
::
Investments
Shares
Value
Common
Stocks
(continued)
Northern
Trust
Corp.
1,314
$
188,020
Raymond
James
Financial,
Inc.
1,226
187,676
Robinhood
Markets,
Inc.,
Class
a
A*
5,464
414,444
S&P
Global,
Inc.
2,154
951,810
State
Street
Corp.
1,941
249,651
T.
Rowe
Price
Group,
Inc.
1,517
143,554
12,979,824
Chemicals
—
1.7%
Air
Products
and
Chemicals,
Inc.
1,546
426,186
Albemarle
Corp.
818
146,152
CF
Industries
Holdings,
Inc.
1,084
107,901
Corteva,
Inc.
4,696
376,243
Dow,
Inc.
4,940
151,806
DuPont
de
Nemours,
Inc.
2,912
145,716
Ecolab,
Inc.
1,771
546,088
International
Flavors
&
Fragrances,
Inc.
1,779
146,287
Linde
plc
3,245
1,648,720
LyondellBasell
Industries
NV,
Class
a
A
1,790
102,961
Mosaic
Co.
(The)
2,208
61,471
PPG
Industries,
Inc.
1,559
192,178
Sherwin-Williams
Co.
(The)
1,601
580,507
4,632,216
Commercial
Services
&
Supplies
—
0.7%
Cintas
Corp.
2,373
477,281
Copart,
Inc.*
6,188
235,701
Republic
Services,
Inc.,
Class
a
A
1,397
319,913
Rollins,
Inc.
2,040
124,216
Veralto
Corp.
1,726
168,164
Waste
Management,
Inc.
2,576
620,404
1,945,679
Construction
&
Engineering
—
0.4%
Comfort
Systems
USA,
Inc.
242
345,908
EMCOR
Group,
Inc.
310
224,632
Quanta
Services,
Inc.
1,036
583,351
1,153,891
Construction
Materials
—
0.4%
CRH
plc
4,657
558,747
Martin
Marietta
Materials,
Inc.
417
282,130
Vulcan
Materials
Co.
919
284,890
1,125,767
Consumer
Finance
—
0.8%
American
Express
Co.
3,735
1,153,742
Capital
One
Financial
Corp.
4,417
864,142
Synchrony
Financial
2,503
172,982
2,190,866
Consumer
Staples
Distribution
&
Retail
—
3.0%
Costco
Wholesale
Corp.
3,079
3,112,222
Dollar
General
Corp.
1,529
238,891
Dollar
Tree,
Inc.*
1,318
166,701
Investments
Shares
Value
Common
Stocks
(continued)
Kroger
Co.
(The)
4,237
$
289,133
Sysco
Corp.
3,328
303,381
Target
Corp.
3,157
359,235
Walmart,
Inc.
30,472
3,898,892
8,368,455
Containers
&
Packaging
—
0.3%
Amcor
plc
3,209
155,412
Avery
Dennison
Corp.
537
105,440
Ball
Corp.
1,862
124,996
International
Paper
Co.
3,669
159,785
Packaging
Corp.
of
America
620
143,927
Smurfit
Westrock
plc
3,629
170,599
860,159
Distributors
—
0.1%
Genuine
Parts
Co.
967
115,324
Pool
Corp.
226
51,343
166,667
Diversified
Telecommunication
Services
—
1.3%
AT&T,
Inc.
49,265
1,379,912
Comcast
Corp.,
Class
a
A
25,256
781,926
Verizon
Communications,
Inc.
29,300
1,469,102
3,630,940
Electric
Utilities
—
2.4%
Alliant
Energy
Corp.
1,787
129,272
American
Electric
Power
Co.,
Inc.
3,719
497,676
Constellation
Energy
Corp.
2,170
715,840
Duke
Energy
Corp.
5,404
707,113
Edison
International
2,673
199,780
Entergy
Corp.
3,103
332,362
Evergy,
Inc.
1,599
133,772
Eversource
Energy
2,607
198,679
Exelon
Corp.
7,021
347,329
FirstEnergy
Corp.
3,613
184,841
NextEra
Energy,
Inc.
14,471
1,356,946
NRG
Energy,
Inc.
1,331
238,196
PG&E
Corp.
15,276
290,244
Pinnacle
West
Capital
Corp.
832
83,450
PPL
Corp.
5,142
200,435
Southern
Co.
(The)
7,652
745,152
Xcel
Energy,
Inc.
4,110
342,610
6,703,697
Electrical
Equipment
—
1.5%
AMETEK,
Inc.
1,599
382,513
Eaton
Corp.
plc
2,700
1,014,984
Emerson
Electric
Co.
3,904
588,528
GE
Vernova,
Inc.
1,884
1,645,862
Generac
Holdings,
Inc.*
406
91,500
Hubbell,
Inc.,
Class
a
B
368
188,280
Rockwell
Automation,
Inc.
781
318,219
4,229,886
Energy
Equipment
&
Services
—
0.4%
Baker
Hughes
Co.,
Class
a
A
6,858
447,553
S&P
500
®
EX-TECHNOLOGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
164
SPXT
::
Investments
Shares
Value
Common
Stocks
(continued)
Halliburton
Co.
5,850
$
210,600
SLB
Ltd.
10,381
532,961
1,191,114
Entertainment
—
2.0%
Electronic
Arts,
Inc.
1,559
312,689
Live
Nation
Entertainment,
Inc.*
1,097
177,868
Netflix,
Inc.*
29,446
2,833,883
Take-Two
Interactive
Software,
Inc.*
1,208
255,468
TKO
Group
Holdings,
Inc.,
Class
a
A
459
102,756
Walt
Disney
Co.
(The)
12,405
1,315,426
Warner
Bros
Discovery,
Inc.*
17,220
485,087
5,483,177
Financial
Services
—
5.3%
Apollo
Global
Management,
Inc.
3,227
337,544
Berkshire
Hathaway,
Inc.,
Class
a
B*
12,743
6,434,578
Block,
Inc.,
Class
a
A*
3,806
242,442
Corpay,
Inc.*
484
157,349
Fidelity
National
Information
Services,
Inc.
3,599
183,405
Fiserv,
Inc.*
3,739
232,902
Global
Payments,
Inc.
1,644
125,700
Jack
Henry
&
Associates,
Inc.
501
81,393
Mastercard,
Inc.,
Class
a
A
5,697
2,946,545
PayPal
Holdings,
Inc.
6,501
300,411
Visa,
Inc.,
Class
a
A
11,728
3,754,602
14,796,871
Food
Products
—
0.7%
Archer-Daniels-Midland
Co.
3,340
230,594
Bunge
Global
SA
942
113,652
Campbell's
Co.
(The)
1,365
36,787
Conagra
Brands,
Inc.
3,325
64,006
General
Mills,
Inc.
3,706
167,622
Hershey
Co.
(The)
1,030
243,368
Hormel
Foods
Corp.
2,026
51,866
J
M
Smucker
Co.
(The)
740
85,803
Kraft
Heinz
Co.
(The)
5,923
145,765
Lamb
Weston
Holdings,
Inc.
969
46,696
McCormick
&
Co.,
Inc.
(Non-Voting)
1,761
125,102
Mondelez
International,
Inc.,
Class
a
A
8,967
552,188
Tyson
Foods,
Inc.,
Class
a
A
1,968
127,900
1,991,349
Gas
Utilities
—
0.1%
Atmos
Energy
Corp.
1,115
208,271
Ground
Transportation
—
1.3%
CSX
Corp.
12,939
552,366
JB
Hunt
Transport
Services,
Inc.
522
121,840
Norfolk
Southern
Corp.
1,559
490,680
Old
Dominion
Freight
Line,
Inc.
1,279
259,701
Uber
Technologies,
Inc.*
14,438
1,088,914
Investments
Shares
Value
Common
Stocks
(continued)
Union
Pacific
Corp.
4,122
$
1,092,247
3,605,748
Health
Care
Equipment
&
Supplies
—
2.9%
Abbott
Laboratories
12,083
1,405,857
Align
Technology,
Inc.*
462
87,826
Baxter
International,
Inc.
3,574
72,802
Becton
Dickinson
&
Co.
1,992
351,548
Boston
Scientific
Corp.*
10,301
791,632
Cooper
Cos.,
Inc.
(The)*
1,381
115,548
Dexcom,
Inc.*
2,711
199,069
Edwards
Lifesciences
Corp.*
4,033
348,734
GE
HealthCare
Technologies,
Inc.
3,164
266,630
Hologic,
Inc.*
1,546
116,507
IDEXX
Laboratories,
Inc.*
554
363,828
Insulet
Corp.*
487
120,099
Intuitive
Surgical,
Inc.*
2,464
1,240,649
Medtronic
plc
8,914
870,541
ResMed,
Inc.
1,015
260,104
Solventum
Corp.*
1,025
76,055
STERIS
plc
681
171,850
Stryker
Corp.
2,391
926,417
Zimmer
Biomet
Holdings,
Inc.
1,376
135,454
7,921,150
Health
Care
Providers
&
Services
—
2.4%
Cardinal
Health,
Inc.
1,650
378,230
Cencora,
Inc.
1,347
501,273
Centene
Corp.*
3,246
145,680
Cigna
Group
(The)
1,855
537,616
CVS
Health
Corp.
8,821
704,798
DaVita,
Inc.*
243
37,981
Elevance
Health,
Inc.
1,544
494,080
HCA
Healthcare,
Inc.
1,110
587,967
Henry
Schein,
Inc.*
694
57,179
Humana,
Inc.
836
159,291
Labcorp
Holdings,
Inc.
575
166,244
McKesson
Corp.
857
846,176
Molina
Healthcare,
Inc.*
356
54,842
Quest
Diagnostics,
Inc.
773
163,806
UnitedHealth
Group,
Inc.
6,296
1,846,428
Universal
Health
Services,
Inc.,
Class
a
B
383
78,936
6,760,527
Health
Care
REITs
—
0.5%
Alexandria
Real
Estate
Equities,
Inc.,
REIT
1,081
58,417
Healthpeak
Properties,
Inc.,
REIT
4,831
85,412
Ventas,
Inc.,
REIT
3,265
281,312
Welltower,
Inc.,
REIT
4,771
988,170
1,413,311
Hotel
&
Resort
REITs
—
0.0%(a)
Host
Hotels
&
Resorts,
Inc.,
REIT
4,444
87,058
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-TECHNOLOGY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
165
SPXT
::
Investments
Shares
Value
Common
Stocks
(continued)
Hotels,
Restaurants
&
Leisure
—
2.7%
Airbnb,
Inc.,
Class
a
A*
2,956
$
399,385
Booking
Holdings,
Inc.
222
941,136
Carnival
Corp.
7,546
238,076
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
9,189
342,015
Darden
Restaurants,
Inc.
808
172,791
Domino's
Pizza,
Inc.
214
86,137
DoorDash,
Inc.,
Class
a
A*
2,598
458,469
Expedia
Group,
Inc.
813
175,356
Hilton
Worldwide
Holdings,
Inc.
1,614
503,213
Las
Vegas
Sands
Corp.
2,114
119,906
Marriott
International,
Inc.,
Class
a
A
1,548
528,998
McDonald's
Corp.
4,948
1,687,565
MGM
Resorts
International*
1,427
52,599
Norwegian
Cruise
Line
Holdings
Ltd.*
3,164
78,436
Royal
Caribbean
Cruises
Ltd.
1,762
547,911
Starbucks
Corp.
7,901
774,456
Wynn
Resorts
Ltd.
586
63,399
Yum!
Brands,
Inc.
1,930
324,549
7,494,397
Household
Durables
—
0.4%
DR
Horton,
Inc.
1,902
305,062
Garmin
Ltd.
1,135
286,962
Lennar
Corp.,
Class
a
A
1,499
171,425
NVR,
Inc.*
20
150,356
PulteGroup,
Inc.
1,354
185,769
1,099,574
Household
Products
—
1.4%
Church
&
Dwight
Co.,
Inc.
1,669
175,011
Clorox
Co.
(The)
847
107,705
Colgate-Palmolive
Co.
5,601
555,283
Kimberly-Clark
Corp.
2,306
256,981
Procter
&
Gamble
Co.
(The)
16,237
2,714,826
3,809,806
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
AES
Corp.
(The)
4,949
85,519
Vistra
Corp.
2,214
384,992
470,511
Industrial
Conglomerates
—
0.6%
3M
Co.
3,691
610,196
Honeywell
International,
Inc.
4,411
1,074,476
1,684,672
Industrial
REITs
—
0.3%
Prologis,
Inc.,
REIT
6,455
920,289
Insurance
—
2.6%
Aflac,
Inc.
3,278
370,185
Allstate
Corp.
(The)
1,818
389,997
American
International
Group,
Inc.
3,750
301,837
Investments
Shares
Value
Common
Stocks
(continued)
Aon
plc,
Class
a
A
1,494
$
501,192
Arch
Capital
Group
Ltd.*
2,510
251,376
Arthur
J
Gallagher
&
Co.
1,784
407,109
Assurant,
Inc.
347
79,668
Brown
&
Brown,
Inc.
2,041
146,585
Chubb
Ltd.
2,544
867,148
Cincinnati
Financial
Corp.
1,084
177,754
Erie
Indemnity
Co.,
Class
a
A
175
47,152
Everest
Group
Ltd.
291
97,628
Globe
Life,
Inc.
552
80,183
Hartford
Insurance
Group,
Inc.
(The)
1,937
272,788
Loews
Corp.
1,179
129,714
Marsh
&
McLennan
Cos.,
Inc.
3,404
635,663
MetLife,
Inc.
3,846
277,181
Principal
Financial
Group,
Inc.
1,388
132,443
Progressive
Corp.
(The)
4,075
870,664
Prudential
Financial,
Inc.
2,431
239,162
Travelers
Cos.,
Inc.
(The)
1,550
478,392
W
R
Berkley
Corp.
2,086
149,566
Willis
Towers
Watson
plc
664
202,633
7,106,020
Interactive
Media
&
Services
—
11.7%
Alphabet,
Inc.,
Class
a
A
40,430
12,604,457
Alphabet,
Inc.,
Class
a
C
32,313
10,063,237
Match
Group,
Inc.
1,640
51,824
Meta
Platforms,
Inc.,
Class
a
A
15,134
9,809,556
32,529,074
Leisure
Products
—
0.0%(a)
Hasbro,
Inc.
928
92,419
Life
Sciences
Tools
&
Services
—
1.2%
Agilent
Technologies,
Inc.
1,970
239,119
Bio-Techne
Corp.
1,082
63,838
Charles
River
Laboratories
International,
Inc.*
341
60,865
Danaher
Corp.
4,368
920,076
IQVIA
Holdings,
Inc.*
1,184
211,711
Mettler-Toledo
International,
Inc.*
141
192,703
Revvity,
Inc.
788
77,468
Thermo
Fisher
Scientific,
Inc.
2,610
1,360,097
Waters
Corp.*
681
217,498
West
Pharmaceutical
Services,
Inc.
498
126,661
3,470,036
Machinery
—
2.8%
Caterpillar,
Inc.
3,252
2,415,683
Cummins,
Inc.
960
560,515
Deere
&
Co.
1,747
1,100,103
Dover
Corp.
954
215,127
Fortive
Corp.
2,208
130,714
IDEX
Corp.
520
108,924
Illinois
Tool
Works,
Inc.
1,834
533,015
Ingersoll
Rand,
Inc.
2,499
235,256
Nordson
Corp.
370
108,573
Otis
Worldwide
Corp.
2,709
250,745
S&P
500
®
EX-TECHNOLOGY
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
166
SPXT
::
Investments
Shares
Value
Common
Stocks
(continued)
PACCAR,
Inc.
3,649
$
460,102
Parker-Hannifin
Corp.
876
884,042
Pentair
plc
1,136
112,680
Snap-on,
Inc.
360
138,679
Stanley
Black
&
Decker,
Inc.
1,076
93,063
Westinghouse
Air
Brake
Technologies
Corp.
1,189
313,837
Xylem,
Inc.
1,692
219,216
7,880,274
Media
—
0.2%
Charter
Communications,
Inc.,
Class
a
A*
610
143,124
Fox
Corp.,
Class
a
A
1,449
81,637
Fox
Corp.,
Class
a
B
1,032
53,385
News
Corp.,
Class
a
A
2,603
63,227
News
Corp.,
Class
a
B
858
22,977
Omnicom
Group,
Inc.
2,218
189,173
Paramount
Skydance
Corp.,
Class
a
B(b)
2,160
29,182
Trade
Desk,
Inc.
(The),
Class
a
A*
3,061
72,913
655,618
Metals
&
Mining
—
0.8%
Freeport-McMoRan,
Inc.
9,979
679,371
Newmont
Corp.
7,584
985,920
Nucor
Corp.
1,590
281,239
Steel
Dynamics,
Inc.
955
184,439
2,130,969
Multi-Utilities
—
0.9%
Ameren
Corp.
1,879
212,853
CenterPoint
Energy,
Inc.
4,538
197,403
CMS
Energy
Corp.
2,115
165,118
Consolidated
Edison,
Inc.
2,509
282,313
Dominion
Energy,
Inc.
5,934
374,673
DTE
Energy
Co.
1,444
214,058
NiSource,
Inc.
3,317
156,894
Public
Service
Enterprise
Group,
Inc.
3,470
298,663
Sempra
4,536
436,681
WEC
Energy
Group,
Inc.
2,261
264,446
2,603,102
Office
REITs
—
0.0%(a)
BXP,
Inc.,
REIT
1,024
58,962
Oil,
Gas
&
Consumable
Fuels
—
4.7%
APA
Corp.
2,467
74,923
Chevron
Corp.
13,152
2,456,267
ConocoPhillips
8,586
974,168
Coterra
Energy,
Inc.
5,293
161,913
Devon
Energy
Corp.
4,360
189,791
Diamondback
Energy,
Inc.
1,294
225,259
EOG
Resources,
Inc.
3,771
467,906
EQT
Corp.
4,338
266,440
Expand
Energy
Corp.
1,654
178,500
Exxon
Mobil
Corp.
29,305
4,469,012
Kinder
Morgan,
Inc.
13,605
452,638
Marathon
Petroleum
Corp.
2,089
414,061
Investments
Shares
Value
Common
Stocks
(continued)
Occidental
Petroleum
Corp.
4,997
$
265,241
ONEOK,
Inc.
4,372
361,870
Phillips
66
2,800
432,124
Targa
Resources
Corp.
1,492
351,814
Texas
Pacific
Land
Corp.
401
210,240
Valero
Energy
Corp.
2,119
433,632
Williams
Cos.,
Inc.
(The)
8,487
634,149
13,019,948
Passenger
Airlines
—
0.3%
Delta
Air
Lines,
Inc.
4,509
296,241
Southwest
Airlines
Co.
3,594
177,041
United
Airlines
Holdings,
Inc.*
2,250
239,175
712,457
Personal
Care
Products
—
0.2%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
1,709
187,084
Kenvue,
Inc.
13,314
254,564
441,648
Pharmaceuticals
—
5.3%
Bristol-Myers
Squibb
Co.
14,147
882,348
Eli
Lilly
&
Co.
5,518
5,804,881
Johnson
&
Johnson
16,741
4,158,967
Merck
&
Co.,
Inc.
17,247
2,135,524
Pfizer,
Inc.
39,510
1,092,451
Viatris,
Inc.
8,004
119,500
Zoetis,
Inc.,
Class
a
A
3,062
401,428
14,595,099
Professional
Services
—
0.6%
Automatic
Data
Processing,
Inc.
2,811
602,566
Broadridge
Financial
Solutions,
Inc.
811
150,740
Equifax,
Inc.
850
177,616
Jacobs
Solutions,
Inc.
831
114,562
Leidos
Holdings,
Inc.
888
155,489
Paychex,
Inc.
2,252
210,900
Paycom
Software,
Inc.
339
42,656
Verisk
Analytics,
Inc.,
Class
a
A
969
201,135
1,655,664
Real
Estate
Management
&
Development
—
0.2%
CBRE
Group,
Inc.,
Class
a
A*
2,038
300,931
CoStar
Group,
Inc.*
2,944
131,391
432,322
Residential
REITs
—
0.3%
AvalonBay
Communities,
Inc.,
REIT
983
174,217
Camden
Property
Trust,
REIT
738
79,955
Equity
Residential,
REIT
2,405
152,020
Essex
Property
Trust,
Inc.,
REIT
446
113,779
Invitation
Homes,
Inc.,
REIT
3,920
103,253
Mid-America
Apartment
Communities,
Inc.,
REIT
814
108,962
UDR,
Inc.,
REIT
2,090
78,375
810,561
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
EX-TECHNOLOGY
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
167
SPXT
::
Investments
Shares
Value
Common
Stocks
(continued)
Retail
REITs
—
0.4%
Federal
Realty
Investment
Trust,
REIT
545
$
59,280
Kimco
Realty
Corp.,
REIT
4,706
110,826
Realty
Income
Corp.,
REIT
6,393
428,331
Regency
Centers
Corp.,
REIT
1,143
90,297
Simon
Property
Group,
Inc.,
REIT
2,269
462,536
1,151,270
Specialized
REITs
—
1.2%
American
Tower
Corp.,
REIT
3,253
624,121
Crown
Castle,
Inc.,
REIT
3,026
270,948
Digital
Realty
Trust,
Inc.,
REIT
2,245
397,814
Equinix,
Inc.,
REIT
681
663,471
Extra
Space
Storage,
Inc.,
REIT
1,475
222,769
Iron
Mountain,
Inc.,
REIT
2,055
222,618
Public
Storage,
REIT
1,097
336,845
SBA
Communications
Corp.,
Class
a
A,
REIT
739
148,657
VICI
Properties,
Inc.,
Class
a
A,
REIT
7,428
224,400
Weyerhaeuser
Co.,
REIT
5,011
122,920
3,234,563
Specialty
Retail
—
2.7%
AutoZone,
Inc.*
115
431,892
Best
Buy
Co.,
Inc.
1,357
84,093
Carvana
Co.,
Class
a
A*
983
328,479
Home
Depot,
Inc.
(The)
6,917
2,633,440
Lowe's
Cos.,
Inc.
3,897
1,031,029
O'Reilly
Automotive,
Inc.*
5,866
550,700
Ross
Stores,
Inc.
2,261
464,952
TJX
Cos.,
Inc.
(The)
7,734
1,250,278
Tractor
Supply
Co.
3,672
190,357
Ulta
Beauty,
Inc.*
311
212,970
Williams-Sonoma,
Inc.
846
173,980
7,352,170
Textiles,
Apparel
&
Luxury
Goods
—
0.4%
Deckers
Outdoor
Corp.*
1,013
118,794
Lululemon
Athletica,
Inc.*
748
138,507
NIKE,
Inc.,
Class
a
B
8,264
513,856
Ralph
Lauren
Corp.,
Class
a
A
269
97,539
Tapestry,
Inc.
1,423
221,234
1,089,930
Tobacco
—
1.0%
Altria
Group,
Inc.
11,664
805,283
Philip
Morris
International,
Inc.
10,817
2,020,940
2,826,223
Trading
Companies
&
Distributors
—
0.4%
Fastenal
Co.
7,978
367,307
United
Rentals,
Inc.
440
369,600
WW
Grainger,
Inc.
303
346,853
1,083,760
Investments
Shares
Value
Common
Stocks
(continued)
Water
Utilities
—
0.1%
American
Water
Works
Co.,
Inc.
1,355
$
184,321
Wireless
Telecommunication
Services
—
0.3%
T-Mobile
US,
Inc.
3,342
725,515
Total
Common
Stocks
(Cost
$247,964,013)
276,086,211
Securities
Lending
Reinvestments
(c)
—
0
.0
%
(a)
Investment
Companies
—
0
.0
%
(a)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$30,996)
30,996
30,996
Principal
Amount
Short-Term
Investments
—
0
.2
%
Repurchase
Agreements
(e)
—
0
.2
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$433,847
(Cost
$433,719)
$
433,719
433,719
Total
Investments
—
99.9%
(Cost
$248,428,728)
276,550,926
Other
assets
less
liabilities
—
0.1%
272,790
Net
Assets
—
100.0%
$
276,823,716
*
Non-income
producing
security.
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$35,236,
collateralized
in
the
form
of
cash
with
a
value
of
$30,996
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$30,996.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(e)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
S&P
500
®
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
168
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
—
85
.1
%
Aerospace
&
Defense
—
2.1%
Axon
Enterprise,
Inc.*
1,420
$
770,208
Boeing
Co.
(The)*
13,874
3,156,751
General
Dynamics
Corp.
4,508
1,609,581
General
Electric
Co.
18,699
6,399,920
Howmet
Aerospace,
Inc.
7,143
1,875,252
Huntington
Ingalls
Industries,
Inc.
685
304,496
L3Harris
Technologies,
Inc.
3,306
1,205,169
Lockheed
Martin
Corp.
3,594
2,365,140
Northrop
Grumman
Corp.
2,383
1,726,198
RTX
Corp.
23,774
4,817,088
Textron,
Inc.
3,116
307,393
TransDigm
Group,
Inc.
982
1,279,340
25,816,536
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
2,104
389,766
Expeditors
International
of
Washington,
Inc.
2,381
345,316
FedEx
Corp.
3,874
1,499,238
United
Parcel
Service,
Inc.,
Class
a
B
13,105
1,519,656
3,753,976
Automobile
Components
—
0.0%(b)
Aptiv
plc*
3,856
283,570
Automobiles
—
1.8%
Ford
Motor
Co.
69,426
978,212
General
Motors
Co.
16,574
1,304,540
Tesla,
Inc.*
49,874
20,074,784
22,357,536
Banks
—
2.9%
Bank
of
America
Corp.
119,209
5,940,184
Citigroup,
Inc.
31,733
3,496,659
Citizens
Financial
Group,
Inc.
7,620
458,648
Fifth
Third
Bancorp
15,946
788,849
Huntington
Bancshares,
Inc.
36,067
605,926
JPMorgan
Chase
&
Co.
48,302
14,505,091
KeyCorp
16,462
341,422
M&T
Bank
Corp.
2,724
591,053
PNC
Financial
Services
Group,
Inc.
(The)
6,970
1,480,079
Regions
Financial
Corp.
15,553
432,840
Truist
Financial
Corp.
22,701
1,119,386
US
Bancorp
27,589
1,508,015
Wells
Fargo
&
Co.
55,702
4,536,928
35,805,080
Beverages
—
1.0%
Brown-Forman
Corp.,
Class
a
B
3,115
89,899
Coca-Cola
Co.
(The)
68,691
5,602,438
Constellation
Brands,
Inc.,
Class
a
A
2,501
394,808
Keurig
Dr
Pepper,
Inc.
24,085
729,294
Molson
Coors
Beverage
Co.,
Class
a
B
2,996
146,774
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Monster
Beverage
Corp.*
12,656
$
1,079,556
PepsiCo,
Inc.
24,281
4,121,457
12,164,226
Biotechnology
—
1.6%
AbbVie,
Inc.
31,344
7,274,316
Amgen,
Inc.
9,564
3,712,362
Biogen,
Inc.*
2,603
499,307
Gilead
Sciences,
Inc.
22,028
3,281,071
Incyte
Corp.*
2,920
295,708
Moderna,
Inc.*
6,151
329,509
Regeneron
Pharmaceuticals,
Inc.
1,801
1,407,788
Vertex
Pharmaceuticals,
Inc.*
4,511
2,241,200
19,041,261
Broadline
Retail
—
3.0%
Amazon.com,
Inc.*
172,612
36,248,520
eBay,
Inc.
8,013
728,061
36,976,581
Building
Products
—
0.5%
A
O
Smith
Corp.
2,021
157,638
Allegion
plc
1,544
248,816
Builders
FirstSource,
Inc.*
1,972
205,660
Carrier
Global
Corp.
14,068
905,979
Johnson
Controls
International
plc
10,830
1,562,769
Lennox
International,
Inc.
557
317,456
Masco
Corp.
3,666
262,559
Trane
Technologies
plc
3,955
1,828,476
5,489,353
Capital
Markets
—
2.7%
Ameriprise
Financial,
Inc.
1,664
782,280
Ares
Management
Corp.,
Class
a
A
3,637
407,380
Bank
of
New
York
Mellon
Corp.
(The)
12,379
1,474,339
Blackrock,
Inc.
2,560
2,721,869
Blackstone,
Inc.
13,096
1,484,694
Cboe
Global
Markets,
Inc.
1,869
560,177
Charles
Schwab
Corp.
(The)
29,652
2,822,870
CME
Group,
Inc.
6,419
2,050,871
Coinbase
Global,
Inc.,
Class
a
A*
4,066
715,006
FactSet
Research
Systems,
Inc.
653
141,577
Franklin
Resources,
Inc.
5,448
144,590
Goldman
Sachs
Group,
Inc.
(The)
5,314
4,567,755
Interactive
Brokers
Group,
Inc.,
Class
a
A
7,897
562,187
Intercontinental
Exchange,
Inc.
10,118
1,660,667
Invesco
Ltd.
7,893
207,270
KKR
&
Co.,
Inc.
12,186
1,068,468
Moody's
Corp.
2,720
1,299,045
Morgan
Stanley
21,414
3,565,645
MSCI,
Inc.,
Class
a
A
1,354
774,258
Nasdaq,
Inc.
7,997
700,377
Northern
Trust
Corp.
3,341
478,064
Raymond
James
Financial,
Inc.
3,117
477,150
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
169
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Robinhood
Markets,
Inc.,
Class
a
A*
13,931
$
1,056,666
S&P
Global,
Inc.
5,492
2,426,805
State
Street
Corp.
4,959
637,827
T.
Rowe
Price
Group,
Inc.
3,894
368,489
33,156,326
Chemicals
—
1.0%
Air
Products
and
Chemicals,
Inc.
3,969
1,094,134
Albemarle
Corp.
2,096
374,492
CF
Industries
Holdings,
Inc.
2,763
275,029
Corteva,
Inc.
12,002
961,600
Dow,
Inc.
12,614
387,628
DuPont
de
Nemours,
Inc.
7,437
372,148
Ecolab,
Inc.
4,534
1,398,059
International
Flavors
&
Fragrances,
Inc.
4,553
374,393
Linde
plc
8,273
4,203,346
LyondellBasell
Industries
NV,
Class
a
A
4,578
263,327
Mosaic
Co.
(The)
5,621
156,489
PPG
Industries,
Inc.
4,001
493,203
Sherwin-Williams
Co.
(The)
4,107
1,489,157
11,843,005
Commercial
Services
&
Supplies
—
0.4%
Cintas
Corp.
6,045
1,215,831
Copart,
Inc.*
15,789
601,403
Republic
Services,
Inc.,
Class
a
A
3,552
813,408
Rollins,
Inc.
5,206
316,993
Veralto
Corp.
4,416
430,251
Waste
Management,
Inc.
6,595
1,588,340
4,966,226
Communications
Equipment
—
0.9%
Arista
Networks,
Inc.*
18,313
2,444,786
Ciena
Corp.*
2,502
872,447
Cisco
Systems,
Inc.
69,943
5,557,671
F5,
Inc.*
1,006
272,988
Motorola
Solutions,
Inc.
2,948
1,421,702
10,569,594
Construction
&
Engineering
—
0.2%
Comfort
Systems
USA,
Inc.
614
877,633
EMCOR
Group,
Inc.
781
565,928
Quanta
Services,
Inc.
2,645
1,489,347
2,932,908
Construction
Materials
—
0.2%
CRH
plc
11,906
1,428,482
Martin
Marietta
Materials,
Inc.
1,052
711,752
Vulcan
Materials
Co.
2,348
727,880
2,868,114
Consumer
Finance
—
0.5%
American
Express
Co.
9,544
2,948,141
Capital
One
Financial
Corp.
11,262
2,203,298
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Synchrony
Financial
6,411
$
443,064
5,594,503
Consumer
Staples
Distribution
&
Retail
—
1.7%
Costco
Wholesale
Corp.
7,860
7,944,809
Dollar
General
Corp.
3,926
613,398
Dollar
Tree,
Inc.*
3,351
423,835
Kroger
Co.
(The)
10,806
737,401
Sysco
Corp.
8,481
773,128
Target
Corp.
8,055
916,579
Walmart,
Inc.
77,822
9,957,325
21,366,475
Containers
&
Packaging
—
0.2%
Amcor
plc
8,182
396,254
Avery
Dennison
Corp.
1,392
273,319
Ball
Corp.
4,760
319,539
International
Paper
Co.
9,383
408,630
Packaging
Corp.
of
America
1,603
372,120
Smurfit
Westrock
plc
9,282
436,347
2,206,209
Distributors
—
0.0%(b)
Genuine
Parts
Co.
2,469
294,453
Pool
Corp.
572
129,947
424,400
Diversified
Telecommunication
Services
—
0.8%
AT&T,
Inc.
125,790
3,523,378
Comcast
Corp.,
Class
a
A
64,471
1,996,022
Verizon
Communications,
Inc.
74,793
3,750,121
9,269,521
Electric
Utilities
—
1.4%
Alliant
Energy
Corp.
4,570
330,594
American
Electric
Power
Co.,
Inc.
9,507
1,272,227
Constellation
Energy
Corp.
5,533
1,825,226
Duke
Energy
Corp.
13,779
1,802,982
Edison
International
6,841
511,296
Entergy
Corp.
7,920
848,311
Evergy,
Inc.
4,101
343,090
Eversource
Energy
6,673
508,549
Exelon
Corp.
17,924
886,700
FirstEnergy
Corp.
9,242
472,821
NextEra
Energy,
Inc.
36,974
3,467,052
NRG
Energy,
Inc.
3,385
605,780
PG&E
Corp.
38,983
740,677
Pinnacle
West
Capital
Corp.
2,131
213,739
PPL
Corp.
13,118
511,340
Southern
Co.
(The)
19,552
1,903,974
Xcel
Energy,
Inc.
10,490
874,446
17,118,804
Electrical
Equipment
—
0.9%
AMETEK,
Inc.
4,101
981,041
Eaton
Corp.
plc
6,904
2,595,352
Emerson
Electric
Co.
9,973
1,503,430
GE
Vernova,
Inc.
4,818
4,209,005
S&P
500
®
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
170
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Generac
Holdings,
Inc.*
1,023
$
230,553
Hubbell,
Inc.,
Class
a
B
927
474,281
Rockwell
Automation,
Inc.
2,002
815,715
10,809,377
Electronic
Equipment,
Instruments
&
Components
—
0.7%
Amphenol
Corp.,
Class
a
A
21,738
3,175,052
CDW
Corp.
2,314
283,789
Corning,
Inc.
13,823
2,078,703
Jabil,
Inc.
1,907
505,336
Keysight
Technologies,
Inc.*
3,040
934,283
TE
Connectivity
plc
5,218
1,200,923
Teledyne
Technologies,
Inc.*
819
557,821
Zebra
Technologies
Corp.,
Class
a
A*
885
198,204
8,934,111
Energy
Equipment
&
Services
—
0.3%
Baker
Hughes
Co.,
Class
a
A
17,513
1,142,899
Halliburton
Co.
14,938
537,768
SLB
Ltd.
26,489
1,359,945
3,040,612
Entertainment
—
1.1%
Electronic
Arts,
Inc.
4,002
802,681
Live
Nation
Entertainment,
Inc.*
2,797
453,506
Netflix,
Inc.*
75,202
7,237,440
Take-Two
Interactive
Software,
Inc.*
3,072
649,667
TKO
Group
Holdings,
Inc.,
Class
a
A
1,156
258,794
Walt
Disney
Co.
(The)
31,656
3,356,802
Warner
Bros
Discovery,
Inc.*
43,954
1,238,184
13,997,074
Financial
Services
—
3.1%
Apollo
Global
Management,
Inc.
8,228
860,649
Berkshire
Hathaway,
Inc.,
Class
a
B*
32,544
16,433,093
Block,
Inc.,
Class
a
A*
9,725
619,482
Corpay,
Inc.*
1,220
396,622
Fidelity
National
Information
Services,
Inc.
9,206
469,138
Fiserv,
Inc.*
9,555
595,181
Global
Payments,
Inc.
4,216
322,355
Jack
Henry
&
Associates,
Inc.
1,306
212,173
Mastercard,
Inc.,
Class
a
A
14,561
7,531,095
PayPal
Holdings,
Inc.
16,622
768,103
Visa,
Inc.,
Class
a
A
29,954
9,589,473
37,797,364
Food
Products
—
0.4%
Archer-Daniels-Midland
Co.
8,512
587,668
Bunge
Global
SA
2,404
290,043
Campbell's
Co.
(The)
3,471
93,543
Conagra
Brands,
Inc.
8,472
163,086
General
Mills,
Inc.
9,477
428,645
Hershey
Co.
(The)
2,628
620,944
Hormel
Foods
Corp.
5,170
132,352
J
M
Smucker
Co.
(The)
1,904
220,769
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Kraft
Heinz
Co.
(The)
15,124
$
372,202
Lamb
Weston
Holdings,
Inc.
2,474
119,222
McCormick
&
Co.,
Inc.
(Non-Voting)
4,503
319,893
Mondelez
International,
Inc.,
Class
a
A
22,895
1,409,874
Tyson
Foods,
Inc.,
Class
a
A
5,023
326,445
5,084,686
Gas
Utilities
—
0.0%(b)
Atmos
Energy
Corp.
2,843
531,044
Ground
Transportation
—
0.8%
CSX
Corp.
33,040
1,410,477
JB
Hunt
Transport
Services,
Inc.
1,355
316,270
Norfolk
Southern
Corp.
4,001
1,259,275
Old
Dominion
Freight
Line,
Inc.
3,252
660,319
Uber
Technologies,
Inc.*
36,889
2,782,168
Union
Pacific
Corp.
10,519
2,787,325
9,215,834
Health
Care
Equipment
&
Supplies
—
1.7%
Abbott
Laboratories
30,847
3,589,048
Align
Technology,
Inc.*
1,164
221,276
Baxter
International,
Inc.
9,139
186,161
Becton
Dickinson
&
Co.
5,085
897,401
Boston
Scientific
Corp.*
26,288
2,020,233
Cooper
Cos.,
Inc.
(The)*
3,510
293,682
Dexcom,
Inc.*
6,932
509,017
Edwards
Lifesciences
Corp.*
10,294
890,122
GE
HealthCare
Technologies,
Inc.
8,074
680,396
Hologic,
Inc.*
3,969
299,104
IDEXX
Laboratories,
Inc.*
1,435
942,408
Insulet
Corp.*
1,226
302,344
Intuitive
Surgical,
Inc.*
6,269
3,156,504
Medtronic
plc
22,760
2,222,742
ResMed,
Inc.
2,590
663,713
Solventum
Corp.*
2,615
194,033
STERIS
plc
1,755
442,874
Stryker
Corp.
6,090
2,359,631
Zimmer
Biomet
Holdings,
Inc.
3,499
344,442
20,215,131
Health
Care
Providers
&
Services
—
1.4%
Cardinal
Health,
Inc.
4,231
969,872
Cencora,
Inc.
3,424
1,274,207
Centene
Corp.*
8,274
371,337
Cigna
Group
(The)
4,746
1,375,486
CVS
Health
Corp.
22,530
1,800,147
DaVita,
Inc.*
616
96,281
Elevance
Health,
Inc.
3,963
1,268,160
HCA
Healthcare,
Inc.
2,829
1,498,521
Henry
Schein,
Inc.*
1,788
147,313
Humana,
Inc.
2,141
407,946
Labcorp
Holdings,
Inc.
1,488
430,211
McKesson
Corp.
2,197
2,169,252
Molina
Healthcare,
Inc.*
897
138,183
Quest
Diagnostics,
Inc.
1,984
420,430
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
171
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
UnitedHealth
Group,
Inc.
16,058
$
4,709,330
Universal
Health
Services,
Inc.,
Class
a
B
963
198,474
17,275,150
Health
Care
REITs
—
0.3%
Alexandria
Real
Estate
Equities,
Inc.,
REIT
2,756
148,934
Healthpeak
Properties,
Inc.,
REIT
12,338
218,136
Ventas,
Inc.,
REIT
8,322
717,024
Welltower,
Inc.,
REIT
12,186
2,523,964
3,608,058
Hotel
&
Resort
REITs
—
0.0%(b)
Host
Hotels
&
Resorts,
Inc.,
REIT
11,327
221,896
Hotels,
Restaurants
&
Leisure
—
1.6%
Airbnb,
Inc.,
Class
a
A*
7,548
1,019,810
Booking
Holdings,
Inc.
563
2,386,754
Carnival
Corp.
19,284
608,410
Chipotle
Mexican
Grill,
Inc.,
Class
a
A*
23,451
872,846
Darden
Restaurants,
Inc.
2,072
443,097
Domino's
Pizza,
Inc.
542
218,161
DoorDash,
Inc.,
Class
a
A*
6,536
1,153,408
Expedia
Group,
Inc.
2,084
449,498
Hilton
Worldwide
Holdings,
Inc.
4,140
1,290,769
Las
Vegas
Sands
Corp.
5,392
305,834
Marriott
International,
Inc.,
Class
a
A
3,972
1,357,352
McDonald's
Corp.
12,637
4,309,975
MGM
Resorts
International*
3,620
133,433
Norwegian
Cruise
Line
Holdings
Ltd.*
8,070
200,055
Royal
Caribbean
Cruises
Ltd.
4,509
1,402,119
Starbucks
Corp.
20,174
1,977,456
Wynn
Resorts
Ltd.
1,516
164,016
Yum!
Brands,
Inc.
4,930
829,029
19,122,022
Household
Durables
—
0.2%
DR
Horton,
Inc.
4,864
780,137
Garmin
Ltd.
2,895
731,943
Lennar
Corp.,
Class
a
A
3,850
440,286
NVR,
Inc.*
49
368,372
PulteGroup,
Inc.
3,443
472,379
2,793,117
Household
Products
—
0.8%
Church
&
Dwight
Co.,
Inc.
4,275
448,276
Clorox
Co.
(The)
2,171
276,064
Colgate-Palmolive
Co.
14,319
1,419,586
Kimberly-Clark
Corp.
5,875
654,710
Procter
&
Gamble
Co.
(The)
41,448
6,930,106
9,728,742
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
AES
Corp.
(The)
12,636
218,350
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Vistra
Corp.
5,640
$
980,740
1,199,090
Industrial
Conglomerates
—
0.4%
3M
Co.
9,438
1,560,290
Honeywell
International,
Inc.
11,247
2,739,657
4,299,947
Industrial
REITs
—
0.2%
Prologis,
Inc.,
REIT
16,460
2,346,702
Insurance
—
1.5%
Aflac,
Inc.
8,356
943,643
Allstate
Corp.
(The)
4,651
997,732
American
International
Group,
Inc.
9,584
771,416
Aon
plc,
Class
a
A
3,835
1,286,527
Arch
Capital
Group
Ltd.*
6,427
643,664
Arthur
J
Gallagher
&
Co.
4,566
1,041,961
Assurant,
Inc.
874
200,662
Brown
&
Brown,
Inc.
5,208
374,039
Chubb
Ltd.
6,513
2,220,021
Cincinnati
Financial
Corp.
2,764
453,241
Erie
Indemnity
Co.,
Class
a
A
442
119,092
Everest
Group
Ltd.
732
245,579
Globe
Life,
Inc.
1,431
207,867
Hartford
Insurance
Group,
Inc.
(The)
4,947
696,686
Loews
Corp.
2,998
329,840
Marsh
&
McLennan
Cos.,
Inc.
8,674
1,619,783
MetLife,
Inc.
9,826
708,160
Principal
Financial
Group,
Inc.
3,530
336,833
Progressive
Corp.
(The)
10,400
2,222,064
Prudential
Financial,
Inc.
6,191
609,071
Travelers
Cos.,
Inc.
(The)
3,978
1,227,770
W
R
Berkley
Corp.
5,322
381,587
Willis
Towers
Watson
plc
1,713
522,756
18,159,994
Interactive
Media
&
Services
—
6.8%
Alphabet,
Inc.,
Class
a
A
103,247
32,188,285
Alphabet,
Inc.,
Class
a
C
82,493
25,690,795
Match
Group,
Inc.
4,204
132,846
Meta
Platforms,
Inc.,
Class
a
A
38,633
25,041,138
83,053,064
IT
Services
—
0.7%
Accenture
plc,
Class
a
A
10,990
2,293,833
Akamai
Technologies,
Inc.*
2,552
251,091
Cognizant
Technology
Solutions
Corp.,
Class
a
A
8,548
550,748
EPAM
Systems,
Inc.*
963
135,783
Gartner,
Inc.*
1,301
204,517
GoDaddy,
Inc.,
Class
a
A*
2,400
209,184
International
Business
Machines
Corp.
16,606
3,988,927
VeriSign,
Inc.
1,497
341,226
7,975,309
S&P
500
®
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
172
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Leisure
Products
—
0.0%(b)
Hasbro,
Inc.
2,368
$
235,829
Life
Sciences
Tools
&
Services
—
0.7%
Agilent
Technologies,
Inc.
5,032
610,784
Bio-Techne
Corp.
2,760
162,840
Charles
River
Laboratories
International,
Inc.*
859
153,323
Danaher
Corp.
11,137
2,345,898
IQVIA
Holdings,
Inc.*
3,013
538,755
Mettler-Toledo
International,
Inc.*
356
486,542
Revvity,
Inc.
2,021
198,684
Thermo
Fisher
Scientific,
Inc.
6,682
3,482,057
Waters
Corp.*
1,753
559,873
West
Pharmaceutical
Services,
Inc.
1,298
330,133
8,868,889
Machinery
—
1.6%
Caterpillar,
Inc.
8,291
6,158,803
Cummins,
Inc.
2,451
1,431,065
Deere
&
Co.
4,471
2,815,433
Dover
Corp.
2,435
549,092
Fortive
Corp.
5,626
333,059
IDEX
Corp.
1,349
282,575
Illinois
Tool
Works,
Inc.
4,692
1,363,636
Ingersoll
Rand,
Inc.
6,400
602,496
Nordson
Corp.
931
273,193
Otis
Worldwide
Corp.
6,927
641,163
PACCAR,
Inc.
9,333
1,176,798
Parker-Hannifin
Corp.
2,244
2,264,600
Pentair
plc
2,898
287,453
Snap-on,
Inc.
908
349,780
Stanley
Black
&
Decker,
Inc.
2,744
237,329
Westinghouse
Air
Brake
Technologies
Corp.
3,024
798,185
Xylem,
Inc.
4,332
561,254
20,125,914
Media
—
0.1%
Charter
Communications,
Inc.,
Class
a
A*
1,579
370,481
Fox
Corp.,
Class
a
A
3,677
207,162
Fox
Corp.,
Class
a
B
2,631
136,102
News
Corp.,
Class
a
A
6,662
161,820
News
Corp.,
Class
a
B
2,197
58,836
Omnicom
Group,
Inc.
5,650
481,888
Paramount
Skydance
Corp.,
Class
a
B(c)
5,505
74,373
Trade
Desk,
Inc.
(The),
Class
a
A*
7,809
186,010
1,676,672
Metals
&
Mining
—
0.4%
Freeport-McMoRan,
Inc.
25,477
1,734,474
Newmont
Corp.
19,379
2,519,270
Nucor
Corp.
4,078
721,317
Steel
Dynamics,
Inc.
2,437
470,658
5,445,719
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Multi-Utilities
—
0.5%
Ameren
Corp.
4,805
$
544,310
CenterPoint
Energy,
Inc.
11,604
504,774
CMS
Energy
Corp.
5,393
421,032
Consolidated
Edison,
Inc.
6,425
722,941
Dominion
Energy,
Inc.
15,152
956,697
DTE
Energy
Co.
3,666
543,448
NiSource,
Inc.
8,452
399,780
Public
Service
Enterprise
Group,
Inc.
8,835
760,428
Sempra
11,600
1,116,732
WEC
Energy
Group,
Inc.
5,760
673,690
6,643,832
Office
REITs
—
0.0%(b)
BXP,
Inc.,
REIT
2,614
150,514
Oil,
Gas
&
Consumable
Fuels
—
2.7%
APA
Corp.
6,272
190,481
Chevron
Corp.
33,574
6,270,280
ConocoPhillips
21,943
2,489,653
Coterra
Energy,
Inc.
13,495
412,812
Devon
Energy
Corp.
11,115
483,836
Diamondback
Energy,
Inc.
3,291
572,897
EOG
Resources,
Inc.
9,636
1,195,635
EQT
Corp.
11,057
679,121
Expand
Energy
Corp.
4,241
457,689
Exxon
Mobil
Corp.
74,806
11,407,915
Kinder
Morgan,
Inc.
34,751
1,156,166
Marathon
Petroleum
Corp.
5,330
1,056,459
Occidental
Petroleum
Corp.
12,760
677,301
ONEOK,
Inc.
11,147
922,637
Phillips
66
7,157
1,104,540
Targa
Resources
Corp.
3,792
894,153
Texas
Pacific
Land
Corp.
1,010
529,533
Valero
Energy
Corp.
5,405
1,106,079
Williams
Cos.,
Inc.
(The)
21,689
1,620,602
33,227,789
Passenger
Airlines
—
0.2%
Delta
Air
Lines,
Inc.
11,529
757,455
Southwest
Airlines
Co.
9,193
452,847
United
Airlines
Holdings,
Inc.*
5,733
609,418
1,819,720
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The),
Class
a
A
4,374
478,822
Kenvue,
Inc.
33,976
649,621
1,128,443
Pharmaceuticals
—
3.1%
Bristol-Myers
Squibb
Co.
36,111
2,252,243
Eli
Lilly
&
Co.
14,111
14,844,631
Johnson
&
Johnson
42,757
10,622,121
Merck
&
Co.,
Inc.
44,026
5,451,299
Pfizer,
Inc.
100,897
2,789,802
Viatris,
Inc.
20,434
305,080
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
173
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Zoetis,
Inc.,
Class
a
A
7,816
$
1,024,678
37,289,854
Professional
Services
—
0.3%
Automatic
Data
Processing,
Inc.
7,185
1,540,177
Broadridge
Financial
Solutions,
Inc.
2,079
386,424
Equifax,
Inc.
2,179
455,324
Jacobs
Solutions,
Inc.
2,128
293,366
Leidos
Holdings,
Inc.
2,273
398,002
Paychex,
Inc.
5,736
537,176
Paycom
Software,
Inc.
853
107,333
Verisk
Analytics,
Inc.,
Class
a
A
2,473
513,321
4,231,123
Real
Estate
Management
&
Development
—
0.1%
CBRE
Group,
Inc.,
Class
a
A*
5,200
767,832
CoStar
Group,
Inc.*
7,521
335,662
1,103,494
Residential
REITs
—
0.2%
AvalonBay
Communities,
Inc.,
REIT
2,510
444,847
Camden
Property
Trust,
REIT
1,899
205,738
Equity
Residential,
REIT
6,124
387,098
Essex
Property
Trust,
Inc.,
REIT
1,123
286,488
Invitation
Homes,
Inc.,
REIT
10,011
263,690
Mid-America
Apartment
Communities,
Inc.,
REIT
2,086
279,232
UDR,
Inc.,
REIT
5,332
199,950
2,067,043
Retail
REITs
—
0.2%
Federal
Realty
Investment
Trust,
REIT
1,413
153,692
Kimco
Realty
Corp.,
REIT
12,027
283,236
Realty
Income
Corp.,
REIT
16,304
1,092,368
Regency
Centers
Corp.,
REIT
2,915
230,285
Simon
Property
Group,
Inc.,
REIT
5,780
1,178,253
2,937,834
Semiconductors
&
Semiconductor
Equipment
—
12.2%
Advanced
Micro
Devices,
Inc.*
28,870
5,780,063
Analog
Devices,
Inc.
8,710
3,098,931
Applied
Materials,
Inc.
14,155
5,269,907
Broadcom,
Inc.
83,792
26,775,734
First
Solar,
Inc.*
1,915
377,638
Intel
Corp.*
79,544
3,628,002
KLA
Corp.
2,335
3,559,824
Lam
Research
Corp.
22,296
5,214,811
Microchip
Technology,
Inc.
9,599
716,469
Micron
Technology,
Inc.
19,923
8,215,648
Monolithic
Power
Systems,
Inc.
837
956,473
NVIDIA
Corp.
431,176
76,400,075
NXP
Semiconductors
NV
4,475
1,015,870
ON
Semiconductor
Corp.*
7,148
475,199
Qnity
Electronics,
Inc.
3,696
468,505
QUALCOMM,
Inc.
18,982
2,702,278
Skyworks
Solutions,
Inc.
2,637
157,112
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Teradyne,
Inc.
2,774
$
887,763
Texas
Instruments,
Inc.
16,106
3,416,244
149,116,546
Software
—
6.9%
Adobe,
Inc.*
7,430
1,949,706
AppLovin
Corp.,
Class
a
A*
4,808
2,090,374
Autodesk,
Inc.*
3,759
924,225
Cadence
Design
Systems,
Inc.*
4,834
1,456,968
Crowdstrike
Holdings,
Inc.,
Class
a
A*
4,463
1,660,147
Datadog,
Inc.,
Class
a
A*
5,762
645,114
Fair
Isaac
Corp.*
412
580,656
Fortinet,
Inc.*
11,198
884,978
Gen
Digital,
Inc.
9,962
224,842
Intuit,
Inc.
4,950
2,024,699
Microsoft
Corp.
131,879
51,794,158
Oracle
Corp.
29,854
4,340,772
Palantir
Technologies,
Inc.,
Class
a
A*
40,533
5,560,722
Palo
Alto
Networks,
Inc.*
14,128
2,103,942
PTC,
Inc.*
2,133
334,006
Roper
Technologies,
Inc.
1,921
671,831
Salesforce,
Inc.
16,907
3,293,315
ServiceNow,
Inc.*
18,396
1,986,952
Synopsys,
Inc.*
3,283
1,359,162
Trimble,
Inc.*
4,236
283,261
Tyler
Technologies,
Inc.*
751
266,372
Workday,
Inc.,
Class
a
A*
3,872
517,919
84,954,121
Specialized
REITs
—
0.7%
American
Tower
Corp.,
REIT
8,294
1,591,287
Crown
Castle,
Inc.,
REIT
7,724
691,607
Digital
Realty
Trust,
Inc.,
REIT
5,718
1,013,230
Equinix,
Inc.,
REIT
1,755
1,709,826
Extra
Space
Storage,
Inc.,
REIT
3,745
565,607
Iron
Mountain,
Inc.,
REIT
5,242
567,866
Public
Storage,
REIT
2,797
858,847
SBA
Communications
Corp.,
Class
a
A,
REIT
1,902
382,606
VICI
Properties,
Inc.,
Class
a
A,
REIT
18,944
572,298
Weyerhaeuser
Co.,
REIT
12,790
313,739
8,266,913
Specialty
Retail
—
1.5%
AutoZone,
Inc.*
290
1,089,118
Best
Buy
Co.,
Inc.
3,450
213,796
Carvana
Co.,
Class
a
A*
2,510
838,742
Home
Depot,
Inc.
(The)
17,664
6,725,038
Lowe's
Cos.,
Inc.
9,956
2,634,059
O'Reilly
Automotive,
Inc.*
14,982
1,406,510
Ross
Stores,
Inc.
5,759
1,184,281
TJX
Cos.,
Inc.
(The)
19,757
3,193,917
Tractor
Supply
Co.
9,389
486,726
Ulta
Beauty,
Inc.*
782
535,506
Williams-Sonoma,
Inc.
2,168
445,849
18,753,542
S&P
500
®
HIGH
INCOME
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
174
ISPY
::
Investments
Shares
Value
Common
Stocks
(a)
(continued)
Technology
Hardware,
Storage
&
Peripherals
—
6.2%
Apple,
Inc.
262,173
$
69,260,863
Dell
Technologies,
Inc.,
Class
a
C
5,342
791,043
Hewlett
Packard
Enterprise
Co.
23,402
502,441
HP,
Inc.
16,606
315,348
NetApp,
Inc.
3,524
348,982
Sandisk
Corp.*
2,471
1,569,975
Seagate
Technology
Holdings
plc
3,887
1,585,274
Super
Micro
Computer,
Inc.*
8,898
288,206
Western
Digital
Corp.
6,050
1,692,185
76,354,317
Textiles,
Apparel
&
Luxury
Goods
—
0.2%
Deckers
Outdoor
Corp.*
2,585
303,143
Lululemon
Athletica,
Inc.*
1,926
356,637
NIKE,
Inc.,
Class
a
B
21,089
1,311,314
Ralph
Lauren
Corp.,
Class
a
A
676
245,118
Tapestry,
Inc.
3,613
561,713
2,777,925
Tobacco
—
0.6%
Altria
Group,
Inc.
29,797
2,057,185
Philip
Morris
International,
Inc.
27,626
5,161,365
7,218,550
Trading
Companies
&
Distributors
—
0.2%
Fastenal
Co.
20,369
937,789
United
Rentals,
Inc.
1,109
931,560
WW
Grainger,
Inc.
763
873,429
2,742,778
Water
Utilities
—
0.0%(b)
American
Water
Works
Co.,
Inc.
3,446
468,759
Wireless
Telecommunication
Services
—
0.2%
T-Mobile
US,
Inc.
8,518
1,849,173
Total
Common
Stocks
(Cost
$879,814,137)
1,042,867,821
Exchange
Traded
Funds
—
8
.2
%
ProShares
GENIUS
Money
Market
ETF,
3.50%(d)(e)
(Cost
$100,040,000)
1,000,000
100,110,000
Number
of
Rights
Rights
—
0
.0
%
Consumer
Staples
Distribution
&
Retail
—
0.0%
Walgreens
Boots
Alliance,
Inc.,
CVR*‡
(Cost
$–)
35
—
Investments
Shares
Value
Securities
Lending
Reinvestments
(f)
—
0
.0
%
(b)
Investment
Companies
—
0
.0
%
(b)
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(g)
(Cost
$62,388)
62,388
$
62,388
Principal
Amount
Short-Term
Investments
—
4
.1
%
Repurchase
Agreements
(h)
—
4
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$49,620,198
(Cost
$49,605,490)
$
49,605,490
49,605,490
Total
Investments
—
97.4%
(Cost
$1,029,522,015)
1,192,645,699
Other
assets
less
liabilities
—
2.6%
31,742,552
Net
Assets
—
100.0%
$
1,224,388,251
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
All
or
a
portion
of
these
securities
are
segregated
in
connection
with
obligations
for
swaps
with
a
total
value
of
$366,116,698.
(b)
Represents
less
than
0.05%
of
net
assets.
(c)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$73,292,
collateralized
in
the
form
of
cash
with
a
value
of
$62,388
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(d)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(e)
Represents
7-day
effective
yield
as
of
February
28,
2026.
(f)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$62,388.
(g)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(h)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
CVR
Contingent
Value
Rights
-
No
defined
expiration
ETF
Exchange
Traded
Fund
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
S&P
500
®
HIGH
INCOME
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
175
ISPY
::
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
February
28,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2025
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
Appreciation
($)
Value
at
February
28,
2026
($)
Shares
held
at
February
28,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
—
100,040,000
–
–
70,000
100,110,000
1,000,000
–
Futures
Contracts
Purchased
S&P
500
®
High
Income
ETF
had
the
following
open
long
futures
contracts
as
of
February
28,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Depreciation
AAAAAA
S&P
500
®
E-Mini
Index
512
3/20/2026
U.S.
Dollar
$
176,358,400
$
(1,672,869
)
Swap
Agreements
S&P
500
®
High
Income
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
February
28,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
33,811,328
12/9/2027
Bank
of
America
NA
N/A
S&P
500
®
Daily
Covered
Call
Index
(
13,393
)
168,288,545
11/4/2027
BNP
Paribas
N/A
S&P
500
®
Daily
Covered
Call
Index
(
608,444
)
1,014,708,675
11/8/2027
Goldman
Sachs
International
N/A
S&P
500
®
Daily
Covered
Call
Index
1,588,899
1,216,808,548
967,062
Total
Unrealized
Appreciation
1,588,899
Total
Unrealized
Depreciation
(
621,837
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
No
financing
fee
is
paid
or
received
on
this
swap.
S&P
GLOBAL
CORE
BATTERY
METALS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
176
ION
::
Investments
Shares
Value
Common
Stocks
—
99
.9
%
Broadline
Retail
—
0.7%
Wesfarmers
Ltd.
2,103
$
119,159
Chemicals
—
21.1%
Albemarle
Corp.
2,867
512,247
Chengxin
Lithium
Group
Co.
Ltd.,
Class
a
A*
70,700
439,419
Ganfeng
Lithium
Group
Co.
Ltd.,
Class
a
H(a)
60,140
528,879
Qinghai
Salt
Lake
Industry
Co.
Ltd.,
Class
a
A*
85,000
473,621
Sichuan
Yahua
Industrial
Group
Co.
Ltd.,
Class
a
A
41,400
167,455
Sociedad
Quimica
y
Minera
de
Chile
SA,
ADR*
6,307
481,224
Tianqi
Lithium
Corp.,
Class
a
A*
51,000
421,051
Zangge
Mining
Co.
Ltd.,
Class
a
A
32,300
405,935
3,429,831
Construction
&
Engineering
—
0.4%
Metallurgical
Corp.
of
China
Ltd.,
Class
a
H
301,603
74,404
Electrical
Equipment
—
2.3%
Contemporary
Amperex
Technology
Co.
Ltd.,
Class
a
A
1,800
89,797
Zhejiang
Huayou
Cobalt
Co.
Ltd.,
Class
a
A
24,200
277,521
367,318
Metals
&
Mining
—
74.2%
African
Rainbow
Minerals
Ltd.
32,293
505,676
AMG
Critical
Materials
NV
9,344
368,765
Aneka
Tambang
Tbk.
1,443,188
374,463
Anglo
American
plc
4,848
241,802
BHP
Group
Ltd.
4,811
199,981
Boliden
AB*
4,144
329,313
China
Nonferrous
Mining
Corp.
Ltd.
117,226
224,910
CMOC
Group
Ltd.,
Class
a
H
105,846
326,871
Eramet
SA(b)
4,457
311,770
First
Quantum
Minerals
Ltd.*
10,807
323,564
Franco-Nevada
Corp.
613
171,328
Glencore
plc
28,897
207,956
IGO
Ltd.*
85,479
524,364
Impala
Platinum
Holdings
Ltd.
13,544
300,815
Jinchuan
Group
International
Resources
Co.
Ltd.*‡
1,057,129
—
KGHM
Polska
Miedz
SA*
1,009
94,740
Liontown
Ltd.*
391,895
475,511
Lundin
Mining
Corp.
12,338
393,101
Mineral
Resources
Ltd.*
10,687
463,778
Mitsui
Kinzoku
Co.
Ltd.
502
118,649
MMG
Ltd.*
145,709
201,334
Northam
Platinum
Holdings
Ltd.
8,756
238,286
Pacific
Metals
Co.
Ltd.(b)
31,292
764,441
PLS
Group
Ltd.*
152,040
561,554
POSCO
Holdings,
Inc.,
ADR
584
40,641
Investments
Shares
Value
Common
Stocks
(continued)
Sibanye
Stillwater
Ltd.*
47,570
$
209,115
Sigma
Lithium
Corp.(b)
32,863
473,556
Sinomine
Resource
Group
Co.
Ltd.,
Class
a
A
24,600
326,531
South32
Ltd.
131,476
430,399
Sumitomo
Metal
Mining
Co.
Ltd.
1,126
91,030
Tibet
Mineral
Development
Co.
Ltd.,
Class
a
A
112,700
516,838
Timah
Tbk.
PT
1,524,827
418,384
Vale
Indonesia
Tbk.
PT
1,290,241
607,987
Vale
SA,
Class
a
B,
ADR
15,277
262,459
Valterra
Platinum
Ltd.
2,822
330,406
Xizang
Zhufeng
Resources
Co.
Ltd.,
Class
a
A
165,600
482,377
Zijin
Mining
Group
Co.
Ltd.,
Class
a
H
25,361
145,876
12,058,571
Trading
Companies
&
Distributors
—
1.2%
Sojitz
Corp.
1,242
56,308
Sumitomo
Corp.
2,566
109,482
Toyota
Tsusho
Corp.
588
26,312
192,102
Total
Common
Stocks
(Cost
$11,505,908)
16,241,385
Securities
Lending
Reinvestments
(c)
—
4
.8
%
Investment
Companies
—
4
.8
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(d)
(Cost
$780,833)
780,833
780,833
Total
Investments
—
104.7%
(Cost
$12,286,741)
17,022,218
Liabilities
in
excess
of
other
assets
—
(4.7%)
(
765,243
)
Net
Assets
—
100.0%
$
16,256,975
*
Non-income
producing
security.
‡
Value
determined
using
significant
unobservable
inputs.
(a)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$1,500,818,
collateralized
in
the
form
of
cash
with
a
value
of
$780,833
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$878,195
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.75%,
and
maturity
dates
ranging
from
April
30,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$1,659,028.
(c)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$780,833.
(d)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
FEBRUARY
28,
2026
(Unaudited)
::
S&P
GLOBAL
CORE
BATTERY
METALS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
177
ION
::
Abbreviations
ADR
American
Depositary
Receipt
S&P
Global
Core
Battery
Metals
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
China
30
.1
%
Australia
17
.1
%
South
Africa
9
.7
%
Indonesia
8
.6
%
Canada
8
.4
%
Japan
7
.2
%
United
States
3
.2
%
Chile
3
.0
%
United
Kingdom
2
.8
%
Netherlands
2
.3
%
Sweden
2
.0
%
France
1
.9
%
Brazil
1
.6
%
Hong
Kong
1
.2
%
Poland
0
.6
%
South
Korea
0
.2
%
Other
a
0
.1
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
S&P
KENSHO
CLEANTECH
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
178
CTEX
::
Investments
Shares
Value
Common
Stocks
—
99
.7
%
Automobiles
—
2.1%
Tesla,
Inc.*
333
$
134,036
Building
Products
—
2.0%
Gibraltar
Industries,
Inc.*
2,822
128,344
Construction
&
Engineering
—
5.8%
Arcosa,
Inc.
1,945
209,048
Valmont
Industries,
Inc.
344
158,216
367,264
Diversified
Consumer
Services
—
2.1%
ADT,
Inc.
16,725
134,134
Electric
Utilities
—
2.1%
Genie
Energy
Ltd.,
Class
a
B
9,105
132,296
Electrical
Equipment
—
48.0%
American
Superconductor
Corp.*
4,277
139,345
Array
Technologies,
Inc.*
26,231
198,831
Ballard
Power
Systems,
Inc.*
66,260
141,797
Bloom
Energy
Corp.,
Class
a
A*
1,824
283,942
Energy
Vault
Holdings,
Inc.*
60,218
180,654
Eos
Energy
Enterprises,
Inc.(a)
14,206
80,903
Fluence
Energy,
Inc.*
7,832
121,709
FTC
Solar,
Inc.*
8,746
63,321
GE
Vernova,
Inc.
345
301,392
Generac
Holdings,
Inc.*
1,344
302,897
Nextpower,
Inc.,
Class
a
A*
2,114
222,181
Plug
Power,
Inc.(a)
89,483
160,175
Shoals
Technologies
Group,
Inc.,
Class
a
A*
23,997
142,302
SunPower,
Inc.*
121,197
157,556
Sunrun,
Inc.*
9,963
132,010
T1
Energy,
Inc.*
62,579
385,487
3,014,502
Electronic
Equipment,
Instruments
&
Components
—
4.0%
Corning,
Inc.
1,664
250,232
Energy
Equipment
&
Services
—
2.9%
Tenaris
SA,
ADR
3,307
179,901
Independent
Power
and
Renewable
Electricity
Producers
—
4.5%
Ormat
Technologies,
Inc.
1,781
184,690
ReNew
Energy
Global
plc,
Class
a
A*
17,773
98,107
282,797
Machinery
—
5.5%
Cummins,
Inc.
287
167,571
Hyster-Yale,
Inc.
4,833
177,999
345,570
Semiconductors
&
Semiconductor
Equipment
—
20.7%
Applied
Materials,
Inc.
592
220,402
Canadian
Solar,
Inc.*
7,246
128,327
Investments
Shares
Value
Common
Stocks
(continued)
Daqo
New
Energy
Corp.,
ADR*
5,930
$
143,032
Enphase
Energy,
Inc.*
6,938
293,269
First
Solar,
Inc.*
760
149,872
JinkoSolar
Holding
Co.
Ltd.,
ADR
6,684
169,038
SolarEdge
Technologies,
Inc.*
5,503
194,806
1,298,746
Total
Common
Stocks
(Cost
$5,386,803)
6,267,822
Securities
Lending
Reinvestments
(b)
—
1
.6
%
Investment
Companies
—
1
.6
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$102,906)
102,906
102,906
Total
Investments
—
101.3%
(Cost
$5,489,709)
6,370,728
Liabilities
in
excess
of
other
assets
—
(1.3%)
(
84,767
)
Net
Assets
—
100.0%
$
6,285,961
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$85,180,
collateralized
in
the
form
of
cash
with
a
value
of
$102,906
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments
and
$1,195
of
collateral
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.13%,
and
maturity
dates
ranging
from
March
19,
2026
–
August
15,
2054.
The
total
value
of
collateral
is
$104,101.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$102,906.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
Abbreviations
ADR
American
Depositary
Receipt
FEBRUARY
28,
2026
(Unaudited)
::
S&P
KENSHO
CLEANTECH
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
179
CTEX
::
S&P
Kensho
Cleantech
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
90
.4
%
China
5
.0
%
Canada
4
.3
%
Other
a
0
.3
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
S&P
KENSHO
SMART
FACTORIES
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
180
MAKX
::
Investments
Shares
Value
Common
Stocks
—
99
.9
%
Electrical
Equipment
—
16.5%
Allient,
Inc.
908
$
59,783
Emerson
Electric
Co.
596
89,847
Rockwell
Automation,
Inc.
200
81,490
231,120
Electronic
Equipment,
Instruments
&
Components
—
20.5%
Cognex
Corp.
2,068
112,499
Ouster,
Inc.*
3,235
61,303
Sanmina
Corp.*
284
44,094
Zebra
Technologies
Corp.,
Class
a
A*
309
69,204
287,100
Machinery
—
16.8%
3D
Systems
Corp.*
33,887
65,402
Dover
Corp.
263
59,306
Flowserve
Corp.
690
61,079
Stratasys
Ltd.(a)
5,062
48,747
234,534
Metals
&
Mining
—
4.4%
POSCO
Holdings,
Inc.,
ADR
876
60,961
Semiconductors
&
Semiconductor
Equipment
—
16.5%
Ambarella,
Inc.*
506
30,532
Applied
Materials,
Inc.
209
77,811
ON
Semiconductor
Corp.*
980
65,150
Tower
Semiconductor
Ltd.*
454
56,691
230,184
Software
—
11.2%
Autodesk,
Inc.*
262
64,418
PTC,
Inc.*
271
42,436
Synopsys,
Inc.*
121
50,094
156,948
Investments
Shares
Value
Common
Stocks
(continued)
Trading
Companies
&
Distributors
—
3.8%
Applied
Industrial
Technologies,
Inc.
188
$
53,125
Wireless
Telecommunication
Services
—
10.2%
SK
Telecom
Co.
Ltd.,
ADR
2,852
86,530
Turkcell
Iletisim
Hizmetleri
A/S,
ADR
8,384
56,508
143,038
Total
Common
Stocks
(Cost
$1,084,470)
1,397,010
Securities
Lending
Reinvestments
(b)
—
0
.1
%
Investment
Companies
—
0
.1
%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class
3.60%
(c)
(Cost
$2,050)
2,050
2,050
Total
Investments
—
100.0%
(Cost
$1,086,520)
1,399,060
Liabilities
in
excess
of
other
assets
—
0.0%(d)
(
193
)
Net
Assets
—
100.0%
$
1,398,867
*
Non-income
producing
security.
(a)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$1,926,
collateralized
in
the
form
of
cash
with
a
value
of
$2,050
that
was
reinvested
in
the
securities
shown
in
the
Securities
Lending
Reinvestment
section
of
the
Schedule
of
Portfolio
Investments.
(b)
The
security
was
purchased
with
cash
collateral
held
from
securities
on
loan
at
February
28,
2026.
The
total
value
of
securities
purchased
was
$2,050.
(c)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
(d)
Represents
less
than
0.05%
of
net
assets.
Abbreviations
ADR
American
Depositary
Receipt
S&P
Kensho
Smart
Factories
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
81
.2
%
South
Korea
10
.6
%
Israel
4
.1
%
Turkey
4
.0
%
Other
a
0
.1
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
FEBRUARY
28,
2026
(Unaudited)
::
S&P
MIDCAP
400
®
DIVIDEND
ARISTOCRATS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
181
REGL
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Automobiles
—
1.2%
Thor
Industries,
Inc.
217,796
$
20,936,730
Banks
—
12.3%
Bank
OZK
536,186
24,964,820
Commerce
Bancshares,
Inc.
465,354
23,728,400
Cullen/Frost
Bankers,
Inc.
178,928
24,731,428
First
Financial
Bankshares,
Inc.
758,530
23,461,333
Home
BancShares,
Inc.
871,117
23,920,873
International
Bancshares
Corp.
358,737
24,074,840
Prosperity
Bancshares,
Inc.
343,733
24,188,491
UMB
Financial
Corp.
202,995
23,523,061
United
Bankshares,
Inc.
599,480
24,758,524
217,351,770
Building
Products
—
1.6%
Carlisle
Cos.,
Inc.
71,517
28,232,766
Capital
Markets
—
2.6%
Evercore,
Inc.,
Class
a
A
68,892
21,276,605
SEI
Investments
Co.
298,309
24,258,488
45,535,093
Chemicals
—
6.4%
Avient
Corp.
695,761
28,574,904
Cabot
Corp.
353,734
26,933,307
RPM
International,
Inc.
228,370
26,061,584
Westlake
Corp.
295,868
31,178,570
112,748,365
Commercial
Services
&
Supplies
—
2.8%
MSA
Safety,
Inc.
139,252
27,211,234
RB
Global,
Inc.
222,046
22,417,764
49,628,998
Consumer
Staples
Distribution
&
Retail
—
1.6%
Casey's
General
Stores,
Inc.
41,002
28,110,561
Containers
&
Packaging
—
5.0%
AptarGroup,
Inc.
205,152
29,482,394
Silgan
Holdings,
Inc.
599,619
28,811,693
Sonoco
Products
Co.
531,962
30,039,894
88,333,981
Diversified
Consumer
Services
—
1.5%
Service
Corp.
International
313,861
26,420,819
Electric
Utilities
—
4.7%
IDACORP,
Inc.
191,390
27,554,418
OGE
Energy
Corp.
586,856
28,838,104
Portland
General
Electric
Co.
510,267
27,534,008
83,926,530
Electronic
Equipment,
Instruments
&
Components
—
1.7%
Littelfuse,
Inc.
85,057
29,979,190
Investments
Shares
Value
Common
Stocks
(continued)
Food
Products
—
4.2%
Flowers
Foods,
Inc.
2,342,084
$
23,139,790
Ingredion,
Inc.
222,084
26,085,987
Marzetti
Co.
(The)
152,092
24,994,799
74,220,576
Gas
Utilities
—
6.4%
National
Fuel
Gas
Co.
309,247
28,150,754
New
Jersey
Resources
Corp.
534,618
28,997,680
ONE
Gas,
Inc.
325,491
28,460,933
Spire,
Inc.
303,788
27,830,019
113,439,386
Ground
Transportation
—
1.7%
Ryder
System,
Inc.
131,866
29,216,231
Health
Care
Providers
&
Services
—
3.1%
Chemed
Corp.
56,544
23,183,605
Ensign
Group,
Inc.
(The)
144,175
30,877,960
54,061,565
Hotels,
Restaurants
&
Leisure
—
1.3%
Churchill
Downs,
Inc.
250,200
23,000,886
Industrial
REITs
—
3.1%
EastGroup
Properties,
Inc.,
REIT
138,999
27,286,894
STAG
Industrial,
Inc.,
REIT
688,474
27,001,950
54,288,844
Insurance
—
13.6%
American
Financial
Group,
Inc.
195,193
25,956,765
First
American
Financial
Corp.
404,439
28,355,219
Hanover
Insurance
Group,
Inc.
(The)
149,143
26,939,700
Old
Republic
International
Corp.
594,760
25,497,361
Primerica,
Inc.
98,340
24,944,925
Reinsurance
Group
of
America,
Inc.
131,914
28,457,807
RenaissanceRe
Holdings
Ltd.
93,507
28,282,127
RLI
Corp.
434,234
27,061,463
Unum
Group
334,366
23,984,073
239,479,440
Leisure
Products
—
1.3%
Polaris,
Inc.
366,684
22,272,386
Machinery
—
6.1%
Donaldson
Co.,
Inc.
250,687
23,253,726
Graco,
Inc.
294,707
27,678,881
Lincoln
Electric
Holdings,
Inc.
98,941
28,401,014
Toro
Co.
(The)
286,545
28,327,839
107,661,460
Metals
&
Mining
—
2.9%
Reliance,
Inc.
77,513
24,466,203
S&P
MIDCAP
400
®
DIVIDEND
ARISTOCRATS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
182
REGL
::
Investments
Shares
Value
Common
Stocks
(continued)
Royal
Gold,
Inc.
91,745
$
27,504,234
51,970,437
Multi-Utilities
—
2.9%
Black
Hills
Corp.
349,968
25,778,643
Northwestern
Energy
Group,
Inc.
374,938
26,230,662
52,009,305
Oil,
Gas
&
Consumable
Fuels
—
1.7%
DT
Midstream,
Inc.
212,884
29,556,815
Residential
REITs
—
1.5%
Equity
LifeStyle
Properties,
Inc.,
REIT
407,013
27,334,993
Retail
REITs
—
1.5%
NNN
REIT,
Inc.
600,319
27,206,457
Specialized
REITs
—
1.5%
CubeSmart,
REIT
657,917
27,066,705
Specialty
Retail
—
1.2%
Lithia
Motors,
Inc.,
Class
a
A
76,067
21,266,812
Trading
Companies
&
Distributors
—
2.9%
Applied
Industrial
Technologies,
Inc.
90,303
25,517,822
GATX
Corp.
139,883
25,762,252
51,280,074
Water
Utilities
—
1.5%
Essential
Utilities,
Inc.
653,728
26,129,508
Total
Common
Stocks
(Cost
$1,498,012,534)
1,762,666,683
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(a)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$1,913,073
(Cost
$1,912,507)
$
1,912,507
1,912,507
Total
Investments
—
99.9%
(Cost
$1,499,925,041)
1,764,579,190
Other
assets
less
liabilities
—
0.1%
1,882,650
Net
Assets
—
100.0%
$
1,766,461,840
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Abbreviations
REIT
Real
Estate
Investment
Trust
FEBRUARY
28,
2026
(Unaudited)
::
S&P
TECHNOLOGY
DIVIDEND
ARISTOCRATS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
183
TDV
::
Investments
Shares
Value
Common
Stocks
—
99
.8
%
Communications
Equipment
—
5.9%
Cisco
Systems,
Inc.
89,967
$
7,148,778
Motorola
Solutions,
Inc.
16,786
8,095,216
15,243,994
Electronic
Equipment,
Instruments
&
Components
—
19.5%
Amphenol
Corp.,
Class
a
A
42,883
6,263,491
Avnet,
Inc.
130,224
8,573,948
Badger
Meter,
Inc.
38,967
5,939,740
CDW
Corp.
51,948
6,370,903
Cognex
Corp.
164,060
8,924,864
Littelfuse,
Inc.
21,988
7,749,890
TE
Connectivity
plc
28,700
6,605,305
50,428,141
Financial
Services
—
9.9%
Cass
Information
Systems,
Inc.
154,466
6,855,201
Jack
Henry
&
Associates,
Inc.
35,298
5,734,513
Mastercard,
Inc.,
Class
a
A
12,567
6,499,778
Visa,
Inc.,
Class
a
A
20,382
6,525,094
25,614,586
IT
Services
—
4.0%
Accenture
plc,
Class
a
A
23,616
4,929,131
International
Business
Machines
Corp.
22,281
5,352,119
10,281,250
Professional
Services
—
9.4%
Broadridge
Financial
Solutions,
Inc.
32,050
5,957,133
CSG
Systems
International,
Inc.
83,120
6,641,288
Genpact
Ltd.
144,973
5,758,328
SS&C
Technologies
Holdings,
Inc.
78,365
5,900,101
24,256,850
Semiconductors
&
Semiconductor
Equipment
—
34.6%
Analog
Devices,
Inc.
21,738
7,734,163
Applied
Materials,
Inc.
20,384
7,588,963
Broadcom,
Inc.
20,156
6,440,850
KLA
Corp.
4,362
6,650,087
Kulicke
&
Soffa
Industries,
Inc.
111,498
7,773,640
Lam
Research
Corp.
29,028
6,789,359
Microchip
Technology,
Inc.
87,003
6,493,904
Monolithic
Power
Systems,
Inc.
6,167
7,047,278
Power
Integrations,
Inc.
145,228
6,959,326
QUALCOMM,
Inc.
42,397
6,035,637
Skyworks
Solutions,
Inc.
113,231
6,746,303
Texas
Instruments,
Inc.
34,102
7,233,375
Universal
Display
Corp.
56,222
5,998,325
89,491,210
Software
—
11.3%
Dolby
Laboratories,
Inc.,
Class
a
A
106,672
7,101,155
Intuit,
Inc.
12,633
5,167,276
Microsoft
Corp.
14,928
5,862,823
Investments
Shares
Value
Common
Stocks
(continued)
Oracle
Corp.
38,128
$
5,543,811
Roper
Technologies,
Inc.
16,383
5,729,627
29,404,692
Technology
Hardware,
Storage
&
Peripherals
—
5.2%
Apple,
Inc.
26,765
7,070,778
HP,
Inc.
339,461
6,446,364
13,517,142
Total
Common
Stocks
(Cost
$233,364,530)
258,237,865
Principal
Amount
Short-Term
Investments
—
0
.1
%
Repurchase
Agreements
(a)
—
0
.1
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.67%,
dated
2/27/2026,
due
3/2/2026,
total
to
be
received
$140,763
(Cost
$140,720)
$
140,720
140,720
Total
Investments
—
99.9%
(Cost
$233,505,250)
258,378,585
Other
assets
less
liabilities
—
0.1%
217,947
Net
Assets
—
100.0%
$
258,596,532
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
SMART
MATERIALS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
184
TINT
::
Investments
Shares
Value
Common
Stocks
—
99
.6
%
Aerospace
&
Defense
—
4.9%
Hexcel
Corp.
1,053
$
97,602
Chemicals
—
57.6%
Akzo
Nobel
NV
1,134
79,887
Arkema
SA
1,265
92,598
Axalta
Coating
Systems
Ltd.*
2,640
88,202
Cabot
Corp.
1,114
84,820
Chemours
Co.
(The)
4,052
73,908
Hansol
Chemical
Co.
Ltd.
307
72,135
Ingevity
Corp.*
987
71,094
LG
Chem
Ltd.
269
78,073
Neo
Performance
Materials,
Inc.
1,126
22,891
OCI
Co.
Ltd.*
242
14,787
PPG
Industries,
Inc.
769
94,795
RPM
International,
Inc.
688
78,514
Sika
AG
(Registered)
384
79,662
Solvay
SA
2,437
79,821
Syensqo
SA
907
51,839
Zeon
Corp.
5,809
79,641
1,142,667
Electrical
Equipment
—
1.1%
Mersen
SA
661
21,752
Electronic
Equipment,
Instruments
&
Components
—
10.7%
Corning,
Inc.
844
126,921
LG
Display
Co.
Ltd.*
7,289
72,662
Solus
Advanced
Materials
Co.
Ltd.
1,901
11,827
211,410
Metals
&
Mining
—
4.7%
Constellium
SE,
Class
a
A*
3,728
92,790
Pharmaceuticals
—
5.5%
Merck
&
Co.,
Inc.
874
108,219
Semiconductors
&
Semiconductor
Equipment
—
15.1%
Applied
Materials,
Inc.
322
119,881
Duk
San
Neolux
Co.
Ltd.*
672
19,504
Innox
Advanced
Materials
Co.
Ltd.*
548
13,314
Kopin
Corp.*
4,407
9,739
LX
Semicon
Co.
Ltd.
440
17,863
NVIDIA
Corp.
371
65,738
Universal
Display
Corp.
509
54,305
300,344
Total
Common
Stocks
(Cost
$1,658,978)
1,974,784
Total
Investments
—
99.6%
(Cost
$1,658,978)
1,974,784
Other
assets
less
liabilities
—
0.4%
8,182
Net
Assets
—
100.0%
$
1,982,966
*
Non-income
producing
security.
FEBRUARY
28,
2026
(Unaudited)
::
SMART
MATERIALS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
185
TINT
::
Smart
Materials
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
54
.2
%
South
Korea
15
.1
%
France
10
.5
%
Belgium
6
.6
%
Netherlands
4
.0
%
Switzerland
4
.0
%
Japan
4
.0
%
Canada
1
.2
%
Other
a
0
.4
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
SUPPLY
CHAIN
LOGISTICS
ETF
::
FEBRUARY
28,
2026
(Unaudited)
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
186
SUPL
::
Investments
Shares
Value
Common
Stocks
—
95
.7
%
Air
Freight
&
Logistics
—
29.1%
CH
Robinson
Worldwide,
Inc.
250
$
46,313
Deutsche
Post
AG
831
49,194
Expeditors
International
of
Washington,
Inc.
285
41,334
FedEx
Corp.
162
62,694
GXO
Logistics,
Inc.*
239
15,016
InPost
SA*
524
9,411
J&T
Global
Express
Ltd.*
10,566
13,870
JD
Logistics,
Inc.*(a)
5,060
7,224
Mainfreight
Ltd.
161
6,215
United
Parcel
Service,
Inc.,
Class
a
B
464
53,806
Yamato
Holdings
Co.
Ltd.
454
5,564
ZTO
Express
Cayman,
Inc.
922
22,569
333,210
Commercial
Services
&
Supplies
—
4.5%
Brambles
Ltd.
2,869
51,206
Ground
Transportation
—
44.9%
Aurizon
Holdings
Ltd.
3,711
10,960
Canadian
National
Railway
Co.
453
50,834
Canadian
Pacific
Kansas
City
Ltd.
601
52,625
CSX
Corp.
1,216
51,911
Full
Truck
Alliance
Co.
Ltd.,
ADR
1,881
17,644
JB
Hunt
Transport
Services,
Inc.
161
37,579
Knight-Swift
Transportation
Holdings,
Inc.,
Class
a
A
335
21,078
Landstar
System,
Inc.
72
11,732
Norfolk
Southern
Corp.
150
47,211
Old
Dominion
Freight
Line,
Inc.
284
57,666
Rumo
SA
2,637
8,215
Saia,
Inc.*
57
23,107
TFI
International,
Inc.
166
19,833
Union
Pacific
Corp.
187
49,551
XPO,
Inc.*
243
51,144
511,090
Hotels,
Restaurants
&
Leisure
—
3.4%
Amadeus
IT
Group
SA
617
38,450
Marine
Transportation
—
13.8%
AP
Moller
-
Maersk
A/S,
Class
a
B(b)
7
17,352
COSCO
SHIPPING
Holdings
Co.
Ltd.,
Class
a
H
5,322
10,326
Evergreen
Marine
Corp.
Taiwan
Ltd.
3,626
22,887
HMM
Co.
Ltd.
1,304
19,354
Kawasaki
Kisen
Kaisha
Ltd.(b)
1,204
19,375
Kuehne
+
Nagel
International
AG
(Registered)
102
23,794
Matson,
Inc.
65
10,799
SITC
International
Holdings
Co.
Ltd.
2,789
11,900
Investments
Shares
Value
Common
Stocks
(continued)
Wan
Hai
Lines
Ltd.
4,953
$
12,124
Yang
Ming
Marine
Transport
Corp.
5,038
9,265
157,176
Total
Common
Stocks
(Cost
$863,857)
1,091,132
Master
Limited
Partnerships
—
3
.3
%
Multi-Utilities
—
3.3%
Brookfield
Infrastructure
Partners
LP
(Cost
$31,691)
970
37,869
Total
Investments
—
99.0%
(Cost
$895,548)
1,129,001
Other
assets
less
liabilities
—
1.0%
11,092
Net
Assets
—
100.0%
$
1,140,093
*
Non-income
producing
security.
(a)
Security
exempt
from
registration
pursuant
to
Regulation
S
under
the
Securities
Act
of
1933.
Regulation
S
applies
to
securities
offerings
that
are
made
outside
of
the
United
States
and
do
not
involve
direct
selling
efforts
in
the
United
States
and
as
such
may
have
restrictions
on
resale.
(b)
The
security
or
a
portion
of
this
security
is
on
loan
at
February
28,
2026.
The
total
value
of
securities
on
loan
at
February
28,
2026
was
$36,727,
collateralized
in
the
form
of
U.S.
Government
Treasury
Securities,
interest
rates
ranging
from
0.00%
–
6.25%,
and
maturity
dates
ranging
from
March
10,
2026
–
February
15,
2055.
The
total
value
of
collateral
is
$38,502.
FEBRUARY
28,
2026
(Unaudited)
::
SUPPLY
CHAIN
LOGISTICS
ETF
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
187
SUPL
::
Supply
Chain
Logistics
ETF
invested,
as
a
percentage
of
net
assets,
in
the
following
countries
as
of
February
28,
2026:
United
States
55
.8
%
Canada
10
.8
%
Australia
5
.5
%
China
5
.2
%
Germany
4
.3
%
Taiwan
3
.9
%
Spain
3
.4
%
Japan
2
.2
%
Switzerland
2
.1
%
South
Korea
1
.7
%
Denmark
1
.5
%
Netherlands
0
.8
%
Brazil
0
.7
%
Hong
Kong
0
.6
%
New
Zealand
0
.5
%
Other
a
1
.0
%
100
.0
%
a
Includes
any
non-equity
securities
and
net
other
assets
(liabilities).
188
::
FEBRUARY
28,
2026
(Unaudited)
::
NOTES
TO
SCHEDULES
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
Repurchase
Agreements 
Each
of
the
Funds
may
enter
into
repurchase
agreements.
Repurchase
agreements
are
primarily
used
by
the
Funds
as
short-term
investments
for
cash
positions.
Under
a
repurchase
agreement,
a
Fund
purchases
one
or
more
debt
securities
and
simultaneously
agrees
to
sell
those
securities
back
to
the
seller
at
a
mutually
agreed-upon
future
price
and
date,
normally
one
day
or
a
few
days
later.
The
resale
price
is
greater
than
the
purchase
price,
reflecting
an
agreed-upon
market
interest
rate
during
the
purchaser’s
holding
period.
While
the
maturities
of
the
underlying
securities
in
repurchase
transactions
may
be
more
than
one
year,
the
term
of
each
repurchase
agreement
will
always
be
less
than
one
year.
The
Funds
follow
certain
procedures
designed
to
minimize
the
risks
inherent
in
such
agreements.
These
procedures
include
effecting
repurchase
transactions
generally
with
major
global
financial
institutions
whose
creditworthiness
is
monitored
by
the
Advisor.
In
addition,
the
value
of
the
collateral
underlying
the
repurchase
agreement
is
required
to
be
at
least
equal
to
the
repurchase
price,
including
any
accrued
interest
income
earned
on
the
repurchase
agreement.
The
Funds
may
invest
in
repurchase
agreements
through
joint
account
arrangements;
in
such
cases,
each
Fund
holds
a
pro
rata
share
of
the
collateral
and
interest
income
based
upon
the
dollar
amount
of
the
repurchase
agreements
entered
into
by
each
Fund.
The
collateral
underlying
the
repurchase
agreement
is
held
by
the
Fund’s
custodian.
A
repurchase
agreement
is
subject
to
the
risk
that
the
counterparty
to
the
repurchase
agreement
that
sells
the
securities
may
default
on
its
obligation
to
repurchase
them.
In
this
circumstance,
a
Fund
may
lose
money
because
it
may
not
be
able
to
sell
the
securities
at
the
agreed
upon
time
and
price,
the
securities
may
lose
value
before
they
can
be
sold,
the
selling
institution
may
declare
bankruptcy
or
the
Fund
may
have
difficulty
exercising
rights
to
the
collateral.
During
periods
of
high
demand
for
repurchase
agreements,
the
Funds
may
be
unable
to
invest
available
cash
in
these
instruments
to
the
extent
desired
by
the
Advisor. Repurchase
agreements
usually
are
for
short
periods,
such
as
one
week
or
less,
but
may
be
longer.
It
is
the
current
policy
of
each
Fund
not
to
invest
in
repurchase
agreements
that
do
not
mature
within
seven
days
if
any
such
investment,
together
with
any
other
illiquid
assets
held
by
the
Fund,
amounts
to
more
than
15%
of
the
Fund’s
total
net
assets.
The
investments
of
each
Fund
in
repurchase
agreements
at
times
may
be
substantial
when,
in
the
view
of
the
Advisor,
liquidity,
investment,
regulatory,
or
other
considerations
so
warrant.
On
February
28,
2026,
the
Funds
had
an
undivided interest
in
joint
repurchase
agreements
with
the
following
counterparties,
for
the
time
periods
and
rates
indicated.
Amounts
shown
in
the
table
below
represent
Principal
Amount,
Cost
and
Value
for
each
respective
repurchase
agreement. 
Fund
Name
Bank
of
America
Securities,
Inc.,
3.67%,
dated
2/27/2026
due
3/2/2026
(a)
Barclays
Capital,
Inc.,
3.55%,
dated
2/27/2026
due
3/2/2026
(b)
BNP
Paribas
Securities
Corp.,
3.00%,
dated
2/27/2026
due
3/2/2026
(c)
BNP
Paribas
Securities
Corp.,
3.25%,
dated
2/27/2026
due
3/2/2026
(d)
BNP
Paribas
Securities
Corp.,
3.40%,
dated
2/27/2026
due
3/2/2026
(e)
BNP
Paribas
Securities
Corp.,
3.66%,
dated
2/27/2026
due
3/2/2026
(f)
CF
Secured
LLC,
3.65%,
dated
2/27/2026
due
3/2/2026
(g)
Natixis
New
York
Branch,
3.52%,
dated
2/27/2026
due
3/2/2026
(h)
Natixis
New
York
Branch,
3.66%,
dated
2/27/2026
due
3/2/2026
(i)
Total
Decline
of
the
Retail
Store
ETF
........
$
198,439
$
132,293
$
66,147
$
132,293
$
330,732
$
330,732
$
667,381
$
165,366
$
198,439
$
2,221,822
DJ
Brookfield
Global
Infrastructure
ETF
56,208
37,472
18,737
37,473
93,680
93,680
189,037
46,840
56,208
629,335
Equities
for
Rising
Rates
ETF
........
623
415
208
415
1,038
1,038
2,094
519
623
6,973
Global
Listed
Private
Equity
ETF
....
5,899
3,932
1,966
3,932
9,831
9,831
19,838
4,915
5,899
66,043
Hedge
Replication
ETF
305,479
203,653
101,827
203,654
509,132
509,132
1,027,374
254,566
305,479
3,420,296
High
Yield-Interest
Rate
Hedged
.....
340,533
227,021
113,511
227,022
567,555
567,555
1,145,264
283,777
340,533
3,812,771
Inflation
Expectations
ETF
224,586
149,724
74,861
149,723
374,310
374,310
755,315
187,155
224,586
2,514,570
Investment
Grade-Interest
Rate
Hedged
..
389,127
259,418
129,710
259,418
648,546
648,546
1,308,693
324,273
389,127
4,356,858
K-1
Free
Crude
Oil
ETF
2,473,310
1,648,874
824,438
1,648,874
4,122,184
4,122,184
8,318,112
2,061,092
2,473,310
27,692,378
Large
Cap
Core
Plus
965,753
643,836
321,918
643,836
1,609,589
1,609,589
3,247,972
804,794
965,753
10,813,040
Long
Online/Short
Stores
ETF
........
49,328
32,885
16,443
32,885
82,213
82,213
165,897
41,106
49,327
552,297
Merger
ETF
.....
27,441
18,294
9,148
18,294
45,736
45,736
92,290
22,868
27,441
307,248
MSCI
EAFE
Dividend
Growers
ETF
...
17,223
11,482
5,741
11,482
28,706
28,706
57,925
14,353
17,223
192,841
MSCI
Emerging
Markets
Dividend
Growers
ETF
20,555
13,704
6,851
13,704
34,259
34,259
69,130
17,129
20,555
230,146
MSCI
Europe
Dividend
Growers
ETF
...
2,154
1,436
718
1,437
3,590
3,590
7,246
1,795
2,154
24,120
MSCI
Transformational
Changes
ETF
..
1,616
1,077
538
1,077
2,694
2,694
5,436
1,347
1,616
18,095
Nasdaq-100
Dorsey
Wright
Momentum
ETF
1,204
803
401
803
2,007
2,006
4,048
1,003
1,204
13,479
Nasdaq-100
Dynamic
Buffer
ETF
....
25,740
17,160
8,581
17,160
42,900
42,900
86,568
21,450
25,740
288,199
NOTES
TO
SCHEDULES
OF
PORTFOLIO
INVESTMENTS
::
FEBRUARY
28,
2026
(Unaudited)
::
189
PROSHARES
TRUST
Fund
Name
Bank
of
America
Securities,
Inc.,
3.67%,
dated
2/27/2026
due
3/2/2026
(a)
Barclays
Capital,
Inc.,
3.55%,
dated
2/27/2026
due
3/2/2026
(b)
BNP
Paribas
Securities
Corp.,
3.00%,
dated
2/27/2026
due
3/2/2026
(c)
BNP
Paribas
Securities
Corp.,
3.25%,
dated
2/27/2026
due
3/2/2026
(d)
BNP
Paribas
Securities
Corp.,
3.40%,
dated
2/27/2026
due
3/2/2026
(e)
BNP
Paribas
Securities
Corp.,
3.66%,
dated
2/27/2026
due
3/2/2026
(f)
CF
Secured
LLC,
3.65%,
dated
2/27/2026
due
3/2/2026
(g)
Natixis
New
York
Branch,
3.52%,
dated
2/27/2026
due
3/2/2026
(h)
Natixis
New
York
Branch,
3.66%,
dated
2/27/2026
due
3/2/2026
(i)
Total
Nasdaq-100
High
Income
ETF
........
$
1,479,418
$
986,279
$
493,139
$
986,279
$
2,465,697
$
2,465,697
$
4,975,504
$
1,232,848
$
1,479,418
$
16,564,279
Online
Retail
ETF
..
2,684
1,790
895
1,790
4,474
4,474
9,028
2,237
2,684
30,056
Pet
Care
ETF
....
6,219
4,146
2,074
4,146
10,366
10,366
20,916
5,183
6,219
69,635
Russell
2000
Dividend
Growers
ETF
...
34,490
22,993
11,497
22,993
57,483
57,483
115,993
28,741
34,490
386,163
Russell
2000
Dynamic
Buffer
ETF
....
11,227
7,485
3,741
7,485
18,712
18,712
37,759
9,356
11,227
125,704
Russell
2000
High
Income
ETF
........
1,864,230
1,242,820
621,411
1,242,820
3,107,051
3,107,051
6,269,686
1,553,525
1,864,230
20,872,824
Russell
U.S.
Dividend
Growers
ETF
...
580
386
193
387
966
966
1,949
483
580
6,490
S&P
500
®
Dividend
Aristocrats
ETF
.
1,241,686
827,790
413,895
827,790
2,069,476
2,069,476
4,175,974
1,034,738
1,241,686
13,902,511
S&P
500
®
Dynamic
Buffer
ETF
........
21,371
14,247
7,123
14,247
35,617
35,618
71,872
17,809
21,371
239,275
S&P
500
®
Ex-Energy
ETF
5,410
3,607
1,803
3,607
9,017
9,017
18,194
4,508
5,410
60,573
S&P
500
®
Ex-Financials
ETF
........
3,584
2,389
1,195
2,389
5,973
5,973
12,052
2,986
3,584
40,125
S&P
500
®
Ex-Health
Care
ETF
........
1,815
1,210
605
1,210
3,026
3,025
6,104
1,513
1,815
20,323
S&P
500
®
Ex-Technology
ETF
........
38,737
25,825
12,912
25,825
64,562
64,562
130,278
32,281
38,737
433,719
S&P
500
®
High
Income
ETF
........
4,430,453
2,953,635
1,476,819
2,953,635
7,384,088
7,384,088
14,900,275
3,692,044
4,430,453
49,605,490
S&P
MidCap
400
®
Dividend
Aristocrats
ETF
........
170,813
113,875
56,939
113,875
284,689
284,689
574,470
142,344
170,813
1,912,507
S&P
Technology
Dividend
Aristocrats
ETF
.
12,568
8,379
4,190
8,379
20,947
20,947
42,268
10,474
12,568
140,720
$
14,430,503
$
9,620,335
$
4,810,175
$
9,620,339
$
24,050,846
$
24,050,845
$
48,531,942
$
12,025,418
$
14,430,502
$
161,570,905
Each
Repurchase
Agreement
was
fully
collateralized
by
U.S.
government
and/or
agency
securities
at
February
28,
2026
as
follows:
(a)
U.S.
Treasury
Notes,
0.50%
to
3.63%,
due
6/30/2026
to
1/15/2028,
which
had
an
aggregate
value
at
the
Trust
level
of
$306,000,079.
(b)
Federal
Farm
Credit
Banks
Funding
Corp.,
0%
to
4.88%,
due
3/2/2026
to
9/14/2037;
Federal
Home
Loan
Banks,
0%
to
5.50%,
due
3/2/2026
to
7/15/2036; 
Federal
Home
Loan
Mortgage
Corp.,
0%
to
6.75%,
due
5/27/2026
to
7/15/2032;
Federal
National
Mortgage
Association,
0%
to
7.25%,
due
4/24/2026
to
8/6/2038,
which
had
an
aggregate
value
at
the
Trust
level
of
$204,000,828.
(c)
U.S.
Treasury
Notes,
0.25%
to
3.75%,
due
1/15/2027
to
7/15/2029, 
which
had
an
aggregate
value
at
the
Trust
level
of
$102,000,105.
(d)
U.S.
Treasury
Bonds,
6.50%,
due
11/15/2026;
U.S.
Treasury
Notes,
1.25%
to
4.13%,
due
6/30/2026
to
5/15/2028,
which
had
an
aggregate
value
at
the
Trust
level
of
$204,000,044.
(e)
U.S.
Treasury
Bills,
0%,
due
4/2/2026
to
7/23/2026;
U.S.
Treasury
Bonds,
0%
to
4.75%,
due
8/15/2026
to
5/15/2055;
U.S.
Treasury
Notes,
0.13%
to
4.88%,
due
3/31/2026
to
8/15/2035,
which
had
an
aggregate
value
at
the
Trust
level
of
$510,000,020.
(f)
U.S.
Treasury
Bills,
0%,
due
4/2/2026
to
7/23/2026; 
U.S.
Treasury
Bonds,
0%
to
4.75%,
due
8/15/2026
to
5/15/2055;
U.S.
Treasury
Notes,
0.13%
to
4.88%,
due
3/31/2026
to
8/15/2035,
which
had
an
aggregate
value
at
the
Trust
level
of
$510,000,020.
(g)
U.S.
Treasury
Bills,
0%,
due
3/17/2026
to
2/18/2027;
U.S.
Treasury
Bonds,
0%
to
4.75%,
due
3/31/2026
to
2/15/2056;
U.S.
Treasury
Notes,
0.13%
to
4.88%,
due
3/31/2026
to
2/15/2036,
which
had
an
aggregate
value
at
the
Trust
level
of
$1,029,437,427.
(h)
U.S.
Treasury
Bills,
0%,
due
4/2/2026;
U.S.
Treasury
Bonds,
1.25%,
due
5/15/2050;
U.S.
Treasury
Notes,
3.63%
to
4.25%,
due
8/31/2027
to
11/15/2034,
which
had
an
aggregate
value
at
the
Trust
level
of
$255,074,891.
(i)
U.S.
Treasury
Bonds,
0%
to
4.25%,
due
8/15/2029
to
8/15/2054;
U.S.
Treasury
Notes,
0.13%
to
4.50%,
due
7/31/2026
to
2/15/2036,
which
had
an
aggregate
value
at
the
Trust
level
of
$306,093,374.