SEMIANNUAL REPORT
NOVEMBER 30, 2021
Geared
Short 7-10 Year Treasury TBX
Short 20+ Year Treasury TBF
Short Basic Materials SBM
Short Dow30SM DOG
Short Financials SEF
Short FTSE China 50 YXI
Short High Yield SJB
Short MidCap400 MYY
Short MSCI EAFE EFZ
Short MSCI Emerging Markets EUM
Short Oil & Gas DDG
Short QQQ PSQ
Short Real Estate REK
Short Russell2000 RWM
Short S&P500® SH
Short SmallCap600 SBB
Ultra 7-10 Year Treasury UST
Ultra 20+ Year Treasury UBT
Ultra Basic Materials UYM
Ultra Consumer Goods UGE
Ultra Consumer Services UCC
Ultra Dow30SM DDM
Ultra Financials UYG
Ultra FTSE China 50 XPP
Ultra FTSE Europe UPV
Ultra Health Care RXL
Ultra High Yield UJB
Ultra Industrials UXI
Ultra MidCap400 MVV
Ultra MSCI Brazil Capped UBR
Ultra MSCI EAFE EFO
Ultra MSCI Emerging Markets EET
Ultra MSCI Japan EZJ
Ultra Nasdaq Biotechnology BIB
Ultra Nasdaq Cloud Computing SKYU
Ultra Nasdaq Cybersecurity UCYB
Ultra Oil & Gas DIG
Ultra QQQ QLD
Ultra Real Estate URE
Ultra Russell2000 UWM
Ultra S&P500® SSO
Ultra Semiconductors USD
Ultra SmallCap600 SAA
Ultra Technology ROM
Ultra Telecommunications LTL
Ultra Utilities UPW
UltraPro Dow30SM UDOW
UltraPro MidCap400 UMDD
UltraPro QQQ TQQQ
UltraPro Russell2000 URTY
UltraPro S&P500® UPRO
UltraPro Short 20+ Year Treasury TTT
UltraPro Short Dow30SM SDOW
UltraPro Short MidCap400 SMDD
UltraPro Short QQQ SQQQ
UltraPro Short Russell2000 SRTY
UltraPro Short S&P500® SPXU
UltraShort 7-10 Year Treasury PST
UltraShort 20+ Year Treasury TBT
UltraShort Basic Materials SMN
UltraShort Consumer Goods SZK
UltraShort Consumer Services SCC
UltraShort Dow30SM DXD
UltraShort Financials SKF
UltraShort FTSE China 50 FXP
UltraShort FTSE Europe EPV
UltraShort Health Care RXD
UltraShort Industrials SIJ
UltraShort MidCap400 MZZ
UltraShort MSCI Brazil Capped BZQ
UltraShort MSCI EAFE EFU
UltraShort MSCI Emerging Markets EEV
UltraShort MSCI Japan EWV
UltraShort Nasdaq Biotechnology BIS
UltraShort Oil & Gas DUG
UltraShort QQQ QID
UltraShort Real Estate SRS
UltraShort Russell2000 TWM
UltraShort S&P500® SDS
UltraShort Semiconductors SSG
UltraShort SmallCap600 SDD
UltraShort Technology REW
UltraShort Utilities SDP
PROSHARES TRUST Distributor: SEI Investments Distribution Co.
TABLE OF CONTENTS
I |
Shareholder Letter |
||||||
II |
Allocation of Portfolio Holdings & Index Composition |
||||||
XLV |
Expense Examples |
||||||
1 |
Schedule of Portfolio Investments |
||||||
174 |
Statements of Assets and Liabilities |
||||||
189 |
Statements of Operations |
||||||
204 |
Statements of Changes in Net Assets |
233 |
Financial Highlights |
||||||
277 |
Notes to Financial Statements |
||||||
312 |
Liquidity Risk Management Program |
||||||
313 |
Board Approval of Investment Advisory Agreement |
||||||
317 |
Miscellaneous Information |
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DEAR SHAREHOLDER:
As communities and economies around the world address the continually evolving impacts of the pandemic, I want to reaffirm ProShares' commitment to providing you, our investors, with products and services to help you meet your investment objectives. ProShares remains focused on ensuring the effective management of our funds.
Following is the ProShares Semiannual Report for the six months ended November 30, 2021.
U.S. Stocks Rose Despite Continued Worries
U.S. equities posted positive results during the reporting period, as measured by the S&P 500® and the Dow Jones Industrial Average® . Drivers of stock performance included a resilient economic recovery boosted by widespread vaccination, ongoing stimulus from the Federal Reserve and robust corporate earnings. Stocks closed at record highs on multiple days during the six-month period. However, volatility increased later in the period as investors began to worry about inflation, a surge in interest rates and ongoing supply chain challenges.
Inflation climbed to a 6.2% annual rate in October, according to the Bureau of Labor Statistics. The core inflation rate, which many economists prefer because it excludes volatile food and energy prices, climbed 4.6%. Investors were also concerned about the possibility of stocks retreating after the Fed announced plans to begin tapering its $120 billion monthly stimulus. Fed Chairman Powell stated that higher inflation was not "transitory," which many investors interpreted as a signal that the Fed's stimulus may end sooner than expected and interest rates could be hiked early in 2022. Equities managed to record positive returns for the period, despite the S&P 500 retreating 4.8% in September, rebounding in October, and declining sharply again in late November as word of the new omicron variant broke.
Over the six-month reporting period, the S&P 500 climbed 9.4%, the S&P MidCap 400® declined 0.1%, and the small-cap Russell 2000 Index® retreated 2.60%. The tech-heavy Nasdaq-100 Index® rose 18.3%, while the Dow eked out 0.7%. Eight of 11 Dow Jones U.S. Industry Indexes advanced, including technology (23.2%), consumer goods (11.5%) and oil & gas (8.7%). Telecom declined 15.1% and basic materials fell 4.1%.
International Equities Declined
Developed markets outside North America retreated 4.1% during the period, as measured by the MSCI EAFE Index® , and the MSCI Europe Index® fell 3.9%. European stocks declined largely as a result of rising COVID-19 numbers and new government measures to stop the spread before the onset of winter. The emergence and spread of omicron also led to an extensive equity selloff toward the end of November.
The MSCI Japan Index® fell 2.4%, while the broad MSCI Emerging Markets Index® retreated 9.8%. The FTSE China 50 Index® fell 16.1%, on concerns that the government could enact new lockdown measures because of the new variant.
U.S. Treasury Results Mixed; Investment Grade Outperformed High Yield
Bonds returned 1.0% overall during the reporting period, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index. Treasury results were mixed, with the Ryan Labs Treasury 10 Year Index and the Ryan Labs Treasury 30 Year Index climbing 1.5% and 10%, respectively, and the Ryan Labs Treasury 5 Year Index falling by 1.1%. The high yield corporate bond market returned 0.4% based on the Markit iBoxx $ Liquid High Yield Index, but it was outperformed by its investment-grade counterpart, up 2.1%, as measured by the Markit iBoxx $ Liquid Investment Grade Index. The U.S. dollar rose 6.2%, as measured by the Bloomberg Dollar Index Spot.
Geared (Leveraged and Inverse) Strategies Provided Opportunities
Positive large-cap equity performance led to significant opportunities across our leveraged S&P 500 and Dow product suites, and investors in the tech-heavy Nasdaq-100 saw a solid potential for gains, too. Volatility in the oil and gas markets also created the potential for geared fund returns, as did mixed results in international equities.
ProShares Launches the Industry's First U.S. Bitcoin-Linked ETF
Interest in the cryptocurrency market has been growing for years, and investors have especially awaited the launch of a bitcoin-linked ETF, as it would provide them a way to gain bitcoin futures exposure that they could buy and sell in their brokerage accounts. Building on our legacy of providing investors convenient, liquid access to asset classes, ProShares introduced the first bitcoin-linked ETF in the United States on October 19, 2021 — the ProShares Bitcoin Strategy ETF (BITO).
Over the period, ProShares' assets under management rose 24.2%, from $51.6 billion to $64.0 billion. In these rapidly evolving times, many investors have turned to ProShares Geared ETFs to tailor their portfolios to meet their goals. We thank you for the trust and confidence you have placed in us by choosing ProShares, and we appreciate the opportunity to continue serving your investing needs.
Sincerely,
Michael L. Sapir
Chairman of the Board of Trustees
PROSHARES.COM :: I
ALLOCATION OF
PORTFOLIO HOLDINGS &
INDEX COMPOSITION
II :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Short 7-10 Year Treasury (Ticker: TBX)
ProShares Short 7-10 Year Treasury (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to seven years and less than or equal to ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(99 |
%) |
|||||
Futures Contracts |
(1 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 7-10 Year Bond Index – Composition
% of Index |
|||||||
7-10 Year U.S. Treasury |
100 |
% |
ProShares Short 20+ Year Treasury (Ticker: TBF)
ProShares Short 20+ Year Treasury (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(99 |
%) |
|||||
Futures Contracts |
(3 |
%) |
|||||
Total Exposure |
(102 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 20+ Year Bond Index – Composition
% of Index |
|||||||
20+ Year U.S. Treasury |
100 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: III
ProShares Short Basic Materials (Ticker: SBM)
ProShares Short Basic Materials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure stock performance of U.S. companies in the basic materials industry. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Basic Materials Index – Composition
% of Index |
|||||||
Chemicals |
64.2 |
% |
|||||
Metals & Mining |
16.3 |
% |
|||||
Containers & Packaging |
14.0 |
% |
|||||
Construction Materials |
4.9 |
% |
|||||
Paper & Forest Products |
0.6 |
% |
ProShares Short Dow30SM (Ticker: DOG)
ProShares Short Dow30SM (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones Industrial AverageSM (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(89 |
%) |
|||||
Futures Contracts |
(11 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones Industrial Average – Composition
% of Index |
|||||||
Information Technology |
22.9 |
% |
|||||
Health Care |
16.7 |
% |
|||||
Financials |
16.0 |
% |
|||||
Consumer Discretionary |
15.6 |
% |
|||||
Industrials |
14.6 |
% |
|||||
Consumer Staples |
7.3 |
% |
|||||
Telecommunication Services |
3.7 |
% |
|||||
Energy |
2.2 |
% |
|||||
Materials |
1.0 |
% |
IV :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Short Financials (Ticker: SEF)
ProShares Short Financials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the financials industry. Component companies include: among others, regional banks; major U.S. domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies such as credit card issuers, check cashing companies, mortgage lenders and investment advisors; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Financials Index – Composition
% of Index |
|||||||
Diversified Financials |
32.8 |
% |
|||||
Banks |
25.6 |
% |
|||||
Real Estate |
20.3 |
% |
|||||
Insurance |
12.3 |
% |
|||||
Software & Services |
8.6 |
% |
|||||
Commercial & Professional Services |
0.4 |
% |
ProShares Short FTSE China 50 (Ticker: YXI)
ProShares Short FTSE China 50 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the FTSE China 50 Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained FTSE International Limited. The Index consists of 50 of the largest and most liquid Chinese stocks listed and traded on the Stock Exchange of Hong Kong.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
FTSE China 50 Index – Composition
% of Index |
|||||||
Consumer Discretionary |
33.1 |
% |
|||||
Financials |
26.3 |
% |
|||||
Communication Services |
19.0 |
% |
|||||
Information Technology |
5.3 |
% |
|||||
Health Care |
5.2 |
% |
|||||
Real Estate |
3.2 |
% |
|||||
Energy |
2.8 |
% |
|||||
Consumer Staples |
2.4 |
% |
|||||
Materials |
1.7 |
% |
|||||
Industrials |
1.0 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: V
ProShares Short High Yield (Ticker: SJB)
ProShares Short High Yield (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx® $ Liquid High Yield Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next not for any other period. IHS Markit Benchmark Administration Limited (IMBA) is the Index Administrator of the Index. The Index is a market-value weighted index designed to provide a balanced representation of U.S. dollar denominated high yield corporate bonds for sale within the United States by means of including the most liquid high yield corporate bonds available as determined by a set of transparent and objective Index rules. Currently, the bonds eligible for inclusion in the Index include U.S. dollar denominated, corporate bonds for sale in the United States that are issued by companies domiciled in developed countries; are rated sub-investment grade using an average of Moody's Investor Service, Fitch Ratings or S&P Global Ratings; are from issuers with at least $1 billion par outstanding; have at least $400 million of outstanding face value; and have at issuance an expected remaining life of 15 years of less, and at rebalancing minimum one year to expected maturity with new insertions minimum of at least one year and 6 months to maturity. There is no limit to the number of issues in the Index.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Markit iBoxx $ Liquid High Yield Index – Composition
% of Index |
|||||||
High Yield |
100 |
% |
ProShares Short MidCap400 (Ticker: MYY)
ProShares Short MidCap400 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability, and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(95 |
%) |
|||||
Futures Contracts |
(5 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P MidCap 400 – Composition
% of Index |
|||||||
Industrials |
19.1 |
% |
|||||
Consumer Discretionary |
15.2 |
% |
|||||
Financials |
15.0 |
% |
|||||
Information Technology |
14.3 |
% |
|||||
Real Estate |
10.2 |
% |
|||||
Health Care |
9.8 |
% |
|||||
Materials |
6.0 |
% |
|||||
Consumer Staples |
3.4 |
% |
|||||
Utilities |
3.1 |
% |
|||||
Energy |
2.1 |
% |
|||||
Telecommunication Services |
1.8 |
% |
VI :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Short MSCI EAFE (Ticker: EFZ)
ProShares Short MSCI EAFE (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI EAFE Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index includes 85% of the free float-adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI EAFE Index – Country
% of Index |
|||||||
Japan |
23.5 |
% |
|||||
United Kingdom |
12.5 |
% |
|||||
France |
11.1 |
% |
|||||
Others |
10.9 |
% |
|||||
Switzerland |
10.8 |
% |
|||||
Germany |
8.8 |
% |
|||||
Australia |
7.0 |
% |
|||||
Netherlands |
6.3 |
% |
|||||
Sweden |
3.5 |
% |
|||||
Hong Kong |
2.9 |
% |
|||||
Denmark |
2.7 |
% |
MSCI EAFE Index – Composition
% of Index |
|||||||
Financials |
16.8 |
% |
|||||
Industrials |
15.7 |
% |
|||||
Consumer Discretionary |
12.8 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Consumer Staples |
10.4 |
% |
|||||
Information Technology |
9.9 |
% |
|||||
Materials |
7.4 |
% |
|||||
Communication Services |
4.7 |
% |
|||||
Utilities |
3.4 |
% |
|||||
Energy |
3.3 |
% |
|||||
Real Estate |
2.9 |
% |
ProShares Short MSCI Emerging Markets (Ticker: EUM)
ProShares Short MSCI Emerging Markets (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index includes 85% of the free float-adjusted, market capitalization in emerging market countries.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Emerging Markets Index – Country
% of Index |
|||||||
China |
32.0 |
% |
|||||
Taiwan |
15.5 |
% |
|||||
Korea |
12.2 |
% |
|||||
India |
12.1 |
% |
|||||
Others |
10.3 |
% |
|||||
Brazil |
4.1 |
% |
|||||
Russia |
3.6 |
% |
|||||
Saudi Arabia |
3.3 |
% |
|||||
South Africa |
3.0 |
% |
|||||
Hong Kong |
2.1 |
% |
|||||
Mexico |
1.8 |
% |
MSCI Emerging Markets Index – Composition
% of Index |
|||||||
Information Technology |
21.8 |
% |
|||||
Financials |
19.4 |
% |
|||||
Consumer Discretionary |
14.6 |
% |
|||||
Communication Services |
10.8 |
% |
|||||
Materials |
8.4 |
% |
|||||
Consumer Staples |
5.7 |
% |
|||||
Energy |
5.6 |
% |
|||||
Industrials |
4.9 |
% |
|||||
Health Care |
4.6 |
% |
|||||
Utilities |
2.2 |
% |
|||||
Real Estate |
2.0 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: VII
ProShares Short Oil & Gas (Ticker: DDG)
ProShares Short Oil & Gas (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Oil & GasSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the oil and gas sector. Component companies typically are engaged in the following activities related to the oil and gas sector, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Oil & Gas Index – Composition
% of Index |
|||||||
Oil, Gas & Consumable Fuels |
89.5 |
% |
|||||
Energy Equipment & Services |
7.3 |
% |
|||||
Electrical Equipment |
1.7 |
% |
|||||
Semiconductors & Semiconductor Equipment |
0.9 |
% |
|||||
Electric Utilities |
0.6 |
% |
ProShares Short QQQ (Ticker: PSQ)
ProShares Short QQQ (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the NASDAQ-100® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, measured as the time the Fund calculates its net asset value ("NAV") to the next time the Fund calculates its NAV, and not for any other period. The Index is constructed and maintained by Nasdaq Inc. The Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(94 |
%) |
|||||
Futures Contracts |
(6 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
NASDAQ-100 Index – Composition
% of Index |
|||||||
Information Technology |
50.8 |
% |
|||||
Consumer Discretionary |
18.0 |
% |
|||||
Communication Services |
17.4 |
% |
|||||
Health Care |
5.8 |
% |
|||||
Consumer Staples |
4.6 |
% |
|||||
Industrials |
2.6 |
% |
|||||
Utilities |
0.8 |
% |
VIII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Short Real Estate (Ticker: REK)
ProShares Short Real Estate (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Real EstateSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, measured as the time the Fund calculates its net asset value ("NAV") to the next time the Fund calculates its NAV, and not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to track the performance of real estate investment trusts ("REITs") and other companies that invest directly or indirectly in real estate through development management or ownership, including of the property agencies. Component companies include, among others, real estate holding and development and real estate services companies and REITs. REITs are passive investment vehicles that invest primarily in income producing real estate or real estate related loans or interests. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Real Estate Index – Composition
% of Index |
|||||||
Equity Real Estate Investment Trusts (REITs) |
90.8 |
% |
|||||
Real Estate Management & Development |
4.6 |
% |
|||||
Mortgage Real Estate Investment Trusts (REITs) |
2.5 |
% |
|||||
Professional Services |
2.1 |
% |
ProShares Short Russell2000 (Ticker: RWM)
ProShares Short Russell2000 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, measured as the time the Fund calculates its net asset value ("NAV") to the next time the Fund calculates its NAV, and not for any other period. The Index is constructed and maintained by FTSE Russell. The Index is a measure of smallcap U.S. stock market performance. It is a float adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 10% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the U.S. equity market and includes approximately 3,000 of the largest companies in the U.S. The Russell 3000® Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(92 |
%) |
|||||
Futures Contracts |
(8 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Russell 2000 Index – Composition
% of Index |
|||||||
Health Care |
18.3 |
% |
|||||
Financials |
15.8 |
% |
|||||
Industrials |
15.3 |
% |
|||||
Information Technology |
14.5 |
% |
|||||
Consumer Discretionary |
11.6 |
% |
|||||
Real Estate |
7.1 |
% |
|||||
Energy |
4.4 |
% |
|||||
Materials |
3.7 |
% |
|||||
Communication Services |
3.4 |
% |
|||||
Consumer Staples |
3.3 |
% |
|||||
Utilities |
2.6 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: IX
ProShares Short S&P500® (Ticker: SH)
ProShares Short S&P500® (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, measured as the time the Fund calculates its net asset value ("NAV") to the next time the Fund calculates its NAV, and not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/31/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(94 |
%) |
|||||
Futures Contracts |
(6 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P 500 – Composition
% of Index |
|||||||
Information Technology |
29.3 |
% |
|||||
Consumer Discretionary |
13.2 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Financials |
10.8 |
% |
|||||
Telecommunication Services |
10.4 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Consumer Staples |
5.6 |
% |
|||||
Energy |
2.7 |
% |
|||||
Real Estate |
2.6 |
% |
|||||
Materials |
2.5 |
% |
|||||
Utilities |
2.4 |
% |
ProShares Short SmallCap600 (Ticker: SBB)
ProShares Short SmallCap600 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, measured as the time the Fund calculates its net asset value ("NAV") to the next time the Fund calculates its NAV, and not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(100 |
%) |
|||||
Total Exposure |
(100 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P SmallCap 600 – Composition
% of Index |
|||||||
Financials |
18.6 |
% |
|||||
Industrials |
17.1 |
% |
|||||
Information Technology |
14.0 |
% |
|||||
Consumer Discretionary |
13.1 |
% |
|||||
Health Care |
12.1 |
% |
|||||
Real Estate |
7.7 |
% |
|||||
Materials |
4.9 |
% |
|||||
Energy |
4.7 |
% |
|||||
Consumer Staples |
4.3 |
% |
|||||
Telecommunication Services |
1.8 |
% |
|||||
Utilities |
1.7 |
% |
X :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra 7-10 Year Treasury (Ticker: UST)
ProShares Ultra 7-10 Year Treasury (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index is part of a series of indices designed to measure the performance of the U.S. Treasury market. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to seven years and less than or equal to ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the "Fed"). In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Long-Term U.S. Treasury Obligations |
79 |
% |
|||||
Swap Agreements |
120 |
% |
|||||
Futures Contracts |
1 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 7-10 Year Bond Index – Composition
% of Index |
|||||||
7-10 Year U.S. Treasury |
100 |
% |
ProShares Ultra 20+ Year Treasury (Ticker: UBT)
ProShares Ultra 20+ Year Treasury (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ICE U.S. Treasury 20+ Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index is part of a series of indices designed to measure the performance of the U.S. Treasury market. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and has $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Long-Term U.S. Treasury Obligations |
41 |
% |
|||||
Swap Agreements |
156 |
% |
|||||
Futures Contracts |
4 |
% |
|||||
Total Exposure |
201 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 20+ Year Bond Index – Composition
% of Index |
|||||||
20+ Year U.S. Treasury |
100 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XI
ProShares Ultra Basic Materials (Ticker: UYM)
ProShares Ultra Basic Materials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Basic MaterialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index designed to measure the stock performance of U.S. companies in the basic materials industry. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
86 |
% |
|||||
Swap Agreements |
114 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Linde plc |
16.6 |
% |
|||||
Air Products and
Chemicals, Inc. |
6.4 |
% |
|||||
Ecolab, Inc. |
5.6 |
% |
|||||
Freeport-McMoRan, Inc. |
5.5 |
% |
|||||
Newmont Corp. |
4.4 |
% |
Dow Jones U.S. Basic Materials Index – Composition
% of Index |
|||||||
Chemicals |
64.2 |
% |
|||||
Metals & Mining |
16.3 |
% |
|||||
Containers & Packaging |
14.0 |
% |
|||||
Construction Materials |
4.9 |
% |
|||||
Paper & Forest Products |
0.6 |
% |
ProShares Ultra Consumer Goods (Ticker: UGE)
ProShares Ultra Consumer Goods (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Consumer GoodsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the consumer goods industry. Component companies include, among others, automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing, accessories and footwear. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
76 |
% |
|||||
Swap Agreements |
124 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Tesla, Inc. |
18.8 |
% |
|||||
Procter & Gamble Co. (The) |
7.1 |
% |
|||||
PepsiCo, Inc. |
4.5 |
% |
|||||
NIKE, Inc., Class B |
4.4 |
% |
|||||
Coca-Cola Co. (The) |
4.1 |
% |
Dow Jones U.S. Consumer Goods Index – Composition
% of Index |
|||||||
Automobiles & Components |
32.5 |
% |
|||||
Food, Beverage & Tobacco |
30.5 |
% |
|||||
Consumer Durables
& Apparel |
16.0 |
% |
|||||
Household &
Personal Products |
15.8 |
% |
|||||
Media & Entertainment |
3.0 |
% |
|||||
Retailing |
1.1 |
% |
|||||
Capital Goods |
0.8 |
% |
|||||
Food & Staples Retailing |
0.3 |
% |
XII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra Consumer Services (Ticker: UCC)
ProShares Ultra Consumer Services (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Consumer ServicesSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the consumer services industry. Component companies include, among others, airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
81 |
% |
|||||
Swap Agreements |
119 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Amazon.com, Inc. |
21.5 |
% |
|||||
Home Depot, Inc. (The) |
6.0 |
% |
|||||
Netflix, Inc. |
4.0 |
% |
|||||
Walt Disney Co. (The) |
3.7 |
% |
|||||
Costco Wholesale Corp. |
3.4 |
% |
Dow Jones U.S. Consumer Services Index – Composition
% of Index |
|||||||
Retailing |
49.7 |
% |
|||||
Media & Entertainment |
19.8 |
% |
|||||
Consumer Services |
15.7 |
% |
|||||
Food & Staples Retailing |
9.7 |
% |
|||||
Transportation |
2.9 |
% |
|||||
Commercial &
Professional Services |
1.6 |
% |
|||||
Health Care
Equipment & Services |
0.5 |
% |
|||||
Software & Services |
0.1 |
% |
ProShares Ultra Dow30SM (Ticker: DDM)
ProShares Ultra Dow30SM (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones Industrial Average SM (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
84 |
% |
|||||
Swap Agreements |
108 |
% |
|||||
Futures Contracts |
8 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
UnitedHealth Group, Inc. |
7.2 |
% |
|||||
Home Depot, Inc. (The) |
6.5 |
% |
|||||
Goldman Sachs
Group, Inc. (The) |
6.1 |
% |
|||||
Microsoft Corp. |
5.3 |
% |
|||||
salesforce.com, Inc. |
4.6 |
% |
Dow Jones Industrial Average – Composition
% of Index |
|||||||
Information Technology |
22.9 |
% |
|||||
Health Care |
16.7 |
% |
|||||
Financials |
16.0 |
% |
|||||
Consumer Discretionary |
15.6 |
% |
|||||
Industrials |
14.6 |
% |
|||||
Consumer Staples |
7.3 |
% |
|||||
Telecommunication Services |
3.7 |
% |
|||||
Energy |
2.2 |
% |
|||||
Materials |
1.0 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XIII
ProShares Ultra Financials (Ticker: UYG)
ProShares Ultra Financials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. FinancialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the financials industry. Component companies include: among others, regional banks; major U.S. domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly, in real estate; diversified financial companies such as credit card issuers, check cashing companies, mortgage lenders and investment advisors; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
67 |
% |
|||||
Swap Agreements |
133 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Berkshire Hathaway,
Inc., Class B |
4.9 |
% |
|||||
JPMorgan Chase & Co. |
4.5 |
% |
|||||
Bank of America Corp. |
3.3 |
% |
|||||
Visa, Inc., Class A |
3.2 |
% |
|||||
Mastercard, Inc., Class A |
2.6 |
% |
Dow Jones U.S. Financials Index – Composition
% of Index |
|||||||
Diversified Financials |
32.8 |
% |
|||||
Banks |
25.6 |
% |
|||||
Real Estate |
20.3 |
% |
|||||
Insurance |
12.3 |
% |
|||||
Software & Services |
8.6 |
% |
|||||
Commercial &
Professional Services |
0.4 |
% |
ProShares Ultra FTSE China 50 (Ticker: XPP)
ProShares Ultra FTSE China 50 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the FTSE China 50 Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE International Limited. The Index consists of 50 of the largest and most liquid Chinese stocks listed and traded on the Stock Exchange of Hong Kong.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
200 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
FTSE China 50 Index – Composition
% of Index |
|||||||
Consumer Discretionary |
33.1 |
% |
|||||
Financials |
26.3 |
% |
|||||
Communication Services |
19.0 |
% |
|||||
Information Technology |
5.3 |
% |
|||||
Health Care |
5.2 |
% |
|||||
Real Estate |
3.2 |
% |
|||||
Energy |
2.8 |
% |
|||||
Consumer Staples |
2.4 |
% |
|||||
Materials |
1.7 |
% |
|||||
Industrials |
1.0 |
% |
XIV :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra FTSE Europe (Ticker: UPV)
ProShares Ultra FTSE Europe (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the FTSE Developed Europe All Cap Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE International Limited. The Index is a free float-adjusted market cap weighted index representing the performance of large-, mid- and small-cap companies in Developed European markets, including the United Kingdom.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
200 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
FTSE Developed Europe All Cap Index – Country
% of Index |
|||||||
United Kingdom |
20.0 |
% |
|||||
Switzerland |
15.6 |
% |
|||||
France |
15.2 |
% |
|||||
Germany |
13.1 |
% |
|||||
Netherlands |
9.2 |
% |
|||||
Others |
7.2 |
% |
|||||
Sweden |
6.5 |
% |
|||||
Denmark |
4.0 |
% |
|||||
Spain |
3.5 |
% |
|||||
Italy |
3.5 |
% |
|||||
Finland |
2.2 |
% |
FTSE Developed Europe All Cap Index – Composition
% of Index |
|||||||
Industrials |
16.1 |
% |
|||||
Financials |
15.8 |
% |
|||||
Health Care |
13.5 |
% |
|||||
Consumer Staples |
11.5 |
% |
|||||
Consumer Discretionary |
11.5 |
% |
|||||
Information Technology |
8.8 |
% |
|||||
Materials |
8.0 |
% |
|||||
Energy |
4.3 |
% |
|||||
Utilities |
4.1 |
% |
|||||
Communication Services |
3.8 |
% |
|||||
Real Estate |
2.6 |
% |
ProShares Ultra Health Care (Ticker: RXL)
ProShares Ultra Health Care (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Health CareSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the healthcare industry. Component companies include, among others, health care providers, biotechnology companies, medical supplies, advanced medical devices and pharmaceuticals. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
83 |
% |
|||||
Swap Agreements |
117 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
UnitedHealth Group, Inc. |
6.4 |
% |
|||||
Johnson & Johnson |
6.2 |
% |
|||||
Pfizer, Inc. |
4.6 |
% |
|||||
Thermo Fisher
Scientific, Inc. |
3.8 |
% |
|||||
Abbott Laboratories |
3.4 |
% |
Dow Jones U.S. Health Care Index – Composition
% of Index |
|||||||
Pharmaceuticals |
25.8 |
% |
|||||
Health Care
Equipment & Supplies |
22.3 |
% |
|||||
Health Care
Providers & Services |
19.1 |
% |
|||||
Biotechnology |
17.0 |
% |
|||||
Life Sciences Tools
& Services |
15.4 |
% |
|||||
Health Care Technology |
0.4 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XV
ProShares Ultra High Yield (Ticker: UJB)
ProShares Ultra High Yield (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Markit iBoxx® $ Liquid High Yield Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. IHS Markit Benchmark Administration Limited (IMBA) is the Index Administrator of the Index. The Index is a market-value weighted index designed to provide a balanced representation of U.S. dollar denominated high yield corporate bonds for sale within the United States by means of including the most liquid high yield corporate bonds available as determined by a set of transparent and objective Index rules. Currently, the bonds eligible for inclusion in the Index include U.S. dollar denominated, corporate bonds for sale in the United States that are issued by companies domiciled in developed countries; are rated sub-investment grade using an average of Moody's Investor Service, Fitch Ratings or S&P Global Ratings; are from issuers with at least $1 billion par outstanding; have at least $400 million of outstanding face value; and have at issuance an expected remaining life of 15 years or less, and at rebalancing minimum one year to expected maturity with new insertions minimum of at least one year and 6 months to maturity. There is no limit to the number of issues in the Index. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
200 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Markit iBoxx $ Liquid
High Yield
Index – Composition
% of Index |
|||||||
High Yield |
100.0 |
% |
ProShares Ultra Industrials (Ticker: UXI)
ProShares Ultra Industrials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. IndustrialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the industrials industry. Component companies include, among others, building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land-transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
80 |
% |
|||||
Swap Agreements |
120 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Accenture plc, Class A |
3.7 |
% |
|||||
PayPal Holdings, Inc. |
3.5 |
% |
|||||
Union Pacific Corp. |
2.5 |
% |
|||||
United Parcel
Service, Inc., Class B |
2.3 |
% |
|||||
Honeywell International, Inc. |
2.2 |
% |
Dow Jones U.S. Industrials Index – Composition
% of Index |
|||||||
Capital Goods |
47.9 |
% |
|||||
Software & Services |
18.6 |
% |
|||||
Transportation |
13.2 |
% |
|||||
Commercial &
Professional Services |
7.4 |
% |
|||||
Technology Hardware
& Equipment |
6.3 |
% |
|||||
Materials |
6.2 |
% |
|||||
Pharmaceuticals,
Biotechnology & Life Sciences |
0.4 |
% |
XVI :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra MidCap400 (Ticker: MVV)
ProShares Ultra MidCap400 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P MidCap 400® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
91 |
% |
|||||
Swap Agreements |
104 |
% |
|||||
Futures Contracts |
5 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Signature Bank |
0.7 |
% |
|||||
FactSet Research
Systems, Inc. |
0.7 |
% |
|||||
SolarEdge
Technologies, Inc. |
0.7 |
% |
|||||
Molina Healthcare, Inc. |
0.6 |
% |
|||||
Camden Property Trust |
0.6 |
% |
S&P MidCap 400 – Composition
% of Index |
|||||||
Industrials |
19.1 |
% |
|||||
Consumer Discretionary |
15.2 |
% |
|||||
Financials |
15.0 |
% |
|||||
Information Technology |
14.3 |
% |
|||||
Real Estate |
10.2 |
% |
|||||
Health Care |
9.8 |
% |
|||||
Materials |
6.0 |
% |
|||||
Consumer Staples |
3.4 |
% |
|||||
Utilities |
3.1 |
% |
|||||
Energy |
2.1 |
% |
|||||
Telecommunication Services |
1.8 |
% |
ProShares Ultra MSCI Brazil Capped (Ticker: UBR)
ProShares Ultra MSCI Brazil Capped (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI Brazil 25/50 Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The MSCI Brazil 25/50 Index is designed to measure the performance of the large and mid cap segments of the Brazilian market. It applies certain investment limits that are imposed on regulated investment companies, or RICs, under the current US Internal Revenue Code. The Index covers approximately 85% of the free float-adjusted market capitalization in Brazil.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
200 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Brazil 25/50 Index – Composition
% of Index |
|||||||
Financials |
23.7 |
% |
|||||
Materials |
22.8 |
% |
|||||
Energy |
16.3 |
% |
|||||
Consumer Staples |
10.6 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Utilities |
6.2 |
% |
|||||
Consumer Discretionary |
5.8 |
% |
|||||
Health Care |
3.7 |
% |
|||||
Communication Services |
2.4 |
% |
|||||
Information Technology |
0.7 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XVII
ProShares Ultra MSCI EAFE (Ticker: EFO)
ProShares Ultra MSCI EAFE (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI EAFE Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index includes 85% of the free float-adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
200 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI EAFE Index – Country
% of Index |
|||||||
Japan |
23.5 |
% |
|||||
United Kingdom |
12.5 |
% |
|||||
France |
11.1 |
% |
|||||
Others |
10.9 |
% |
|||||
Switzerland |
10.8 |
% |
|||||
Germany |
8.8 |
% |
|||||
Australia |
7.0 |
% |
|||||
Netherlands |
6.3 |
% |
|||||
Sweden |
3.5 |
% |
|||||
Hong Kong |
2.9 |
% |
|||||
Denmark |
2.7 |
% |
MSCI EAFE Index – Composition
% of Index |
|||||||
Financials |
16.8 |
% |
|||||
Industrials |
15.7 |
% |
|||||
Consumer Discretionary |
12.8 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Consumer Staples |
10.4 |
% |
|||||
Information Technology |
9.9 |
% |
|||||
Materials |
7.4 |
% |
|||||
Communication Services |
4.7 |
% |
|||||
Utilities |
3.4 |
% |
|||||
Energy |
3.3 |
% |
|||||
Real Estate |
2.9 |
% |
ProShares Ultra MSCI Emerging Markets (Ticker: EET)
ProShares Ultra MSCI Emerging Markets (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI Emerging Markets Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index includes 85% of the free float-adjusted, market capitalization in emerging market countries.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
200 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Emerging Markets Index – Country
% of Index |
|||||||
China |
32.0 |
% |
|||||
Taiwan |
15.5 |
% |
|||||
Korea |
12.2 |
% |
|||||
India |
12.1 |
% |
|||||
Others |
10.3 |
% |
|||||
Brazil |
4.1 |
% |
|||||
Russia |
3.6 |
% |
|||||
Saudi Arabia |
3.3 |
% |
|||||
South Africa |
3.0 |
% |
|||||
Hong Kong |
2.1 |
% |
|||||
Mexico |
1.8 |
% |
MSCI Emerging Markets Index – Composition
% of Index |
|||||||
Information Technology |
21.8 |
% |
|||||
Financials |
19.4 |
% |
|||||
Consumer Discretionary |
14.6 |
% |
|||||
Communication Services |
10.8 |
% |
|||||
Materials |
8.4 |
% |
|||||
Consumer Staples |
5.7 |
% |
|||||
Energy |
5.6 |
% |
|||||
Industrials |
4.9 |
% |
|||||
Health Care |
4.6 |
% |
|||||
Utilities |
2.2 |
% |
|||||
Real Estate |
2.0 |
% |
XVIII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra MSCI Japan (Ticker: EZJ)
ProShares Ultra MSCI Japan (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI Japan Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index adjusts the market capitalization of Index constituents for free float and targets for Index inclusion 85% of the free float-adjusted market capitalization in Japan.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
12 |
% |
|||||
Swap Agreements |
188 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Japan Index – Composition
% of Index |
|||||||
Industrials |
22.2 |
% |
|||||
Consumer Discretionary |
19.2 |
% |
|||||
Information Technology |
15.5 |
% |
|||||
Health Care |
9.9 |
% |
|||||
Financials |
8.9 |
% |
|||||
Communication Services |
7.9 |
% |
|||||
Consumer Staples |
6.7 |
% |
|||||
Materials |
4.7 |
% |
|||||
Real Estate |
3.4 |
% |
|||||
Utilities |
0.9 |
% |
|||||
Energy |
0.7 |
% |
ProShares Ultra Nasdaq Biotechnology (Ticker: BIB)
ProShares Ultra Nasdaq Biotechnology (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ Biotechnology® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. (the "Index Provider"). The Index is a modified capitalization-weighted index that includes securities of Nasdaq listed companies that are classified as either biotechnology or pharmaceutical. The securities also meet other eligibility criteria determined by the Index Provider, including minimum market capitalization and liquidity requirements.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
93 |
% |
|||||
Swap Agreements |
107 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Moderna, Inc. |
7.9 |
% |
|||||
Amgen, Inc. |
7.4 |
% |
|||||
Gilead Sciences, Inc. |
7.3 |
% |
|||||
Regeneron
Pharmaceuticals, Inc. |
5.7 |
% |
|||||
Illumina, Inc. |
4.9 |
% |
NASDAQ Biotechnology Index – Composition
% of Index |
|||||||
Biotechnology |
82.7 |
% |
|||||
Life Sciences Tools
& Services |
8.1 |
% |
|||||
Pharmaceuticals |
8.1 |
% |
|||||
Health Care
Providers & Services |
1.1 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XIX
ProShares Ultra Nasdaq Cloud Computing (Ticker: SKYU)
ProShares Ultra Nasdaq Cloud Computing (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. (the "Index Provider"). The Index is comprised of companies classified as "cloud computing" companies by the Consumer Technology Association ("CTA"). CTA classifies companies as cloud computing if the company is engaged in one or more of the following activities: Infrastructure-as-a-Service, Platform-as-a-Service or Software-as-a-Service. The companies must also meet other eligibility criteria determined by the Index Provider, including minimum market capitalization and liquidity requirements. The Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
58 |
% |
|||||
Swap Agreements |
142 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
DigitalOcean Holdings, Inc. |
3.3 |
% |
|||||
Arista Networks, Inc. |
2.7 |
% |
|||||
Pure Storage, Inc., Class A |
2.4 |
% |
|||||
Microsoft Corp. |
2.2 |
% |
|||||
MongoDB, Inc. |
2.2 |
% |
ISE CTA Cloud Computing Index – Composition
% of Index |
|||||||
Software & Services |
71.3 |
% |
|||||
Technology
Hardware & Equipment |
14.2 |
% |
|||||
Retailing |
6.6 |
% |
|||||
Media & Entertainment |
3.6 |
% |
|||||
Commercial &
Telecommunication Services |
3.0 |
% |
|||||
Health Care
Equipment & Services |
1.3 |
% |
ProShares Ultra Nasdaq Cybersecurity (Ticker: UCYB)
ProShares Ultra Nasdaq Cybersecurity (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq CTA Cybersecurity IndexSM (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is maintained by Nasdaq Inc. (the "Index Provider"). The Index was jointly constructed by the Index Provider and Consumer Technology Association ("CTA"). The Index is a modified liquidity weighted index comprised of companies classified as "cybersecurity" companies by CTA. CTA classifies companies as cybersecurity if they meet one of three elements: (1) companies focused on developing technologies that are designed and implemented to protect computer and communication networks from attacks and other unauthorized use; (2) companies involved in the development of technologies for cybersecurity industry use including government, private and public corporations, financial institutions and various other industries; or (3) companies focused on the protection of priority data from being accessed and exploited by unauthorized external parties. The companies must also meet other eligibility criteria determined by the Index Provider, including minimum market capitalization and liquidity requirements. The Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
3 |
% |
|||||
Swap Agreements |
197 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Nasdaq CTA Cybersecurity Index – Composition
% of Index |
|||||||
Software & Services |
77.1 |
% |
|||||
Technology Hardware & Equipment |
12.8 |
% |
|||||
Commercial & Professional Services |
8.5 |
% |
|||||
Capital Goods |
1.6 |
% |
XX :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra Oil & Gas (Ticker: DIG)
ProShares Ultra Oil & Gas (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Oil & GasSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the oil and gas sector. Component companies typically are engaged in the following activities related to oil and gas sector, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
87 |
% |
|||||
Swap Agreements |
113 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Exxon Mobil Corp. |
18.9 |
% |
|||||
Chevron Corp. |
16.3 |
% |
|||||
ConocoPhillips |
7.0 |
% |
|||||
EOG Resources, Inc. |
3.8 |
% |
|||||
Pioneer Natural
Resources Co. |
3.0 |
% |
Dow Jones U.S. Oil & Gas Index – Composition
% of Index |
|||||||
Oil, Gas &
Consumable Fuels |
89.5 |
% |
|||||
Energy Equipment
& Services |
7.3 |
% |
|||||
Electrical Equipment |
1.7 |
% |
|||||
Semiconductors &
Semiconductor Equipment |
0.9 |
% |
|||||
Electric Utilities |
0.6 |
% |
ProShares Ultra QQQ (Ticker: QLD)
ProShares Ultra QQQ (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. The Index includes 100 of the largest /domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
90 |
% |
|||||
Swap Agreements |
98 |
% |
|||||
Futures Contracts |
12 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Apple, Inc. |
10.6 |
% |
|||||
Microsoft Corp. |
9.6 |
% |
|||||
Amazon.com, Inc. |
6.9 |
% |
|||||
Tesla, Inc. |
5.5 |
% |
|||||
NVIDIA Corp. |
4.8 |
% |
NASDAQ-100 Index – Composition
% of Index |
|||||||
Information Technology |
50.8 |
% |
|||||
Consumer Discretionary |
18.0 |
% |
|||||
Communication Services |
17.4 |
% |
|||||
Health Care |
5.8 |
% |
|||||
Consumer Staples |
4.6 |
% |
|||||
Industrials |
2.6 |
% |
|||||
Utilities |
0.8 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXI
ProShares Ultra Real Estate (Ticker: URE)
ProShares Ultra Real Estate (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Real EstateSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to track the performance of real estate investment trusts ("REITs") and other companies that invest directly or indirectly in real estate through development, management or ownership including property agencies. Component companies include, among others, real estate holding and development and real estate services companies and REITs. REITs are passive investment vehicles that invest primarily in income producing real estate or real estate related loans or interests. The Index is a market cap weighted index that is updated in March, June, September, and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
80 |
% |
|||||
Swap Agreements |
120 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
American Tower Corp. |
6.4 |
% |
|||||
Prologis, Inc. |
6.0 |
% |
|||||
Crown Castle
International Corp. |
4.2 |
% |
|||||
Equinix, Inc. |
3.9 |
% |
|||||
Simon Property Group, Inc. |
2.7 |
% |
Dow Jones U.S. Real Estate Index – Composition
% of Index |
|||||||
Equity Real Estate
Investment Trusts (REITs) |
90.8 |
% |
|||||
Real Estate
Management & Development |
4.6 |
% |
|||||
Mortgage Real Estate
Investment Trusts (REITs) |
2.5 |
% |
|||||
Professional Services |
2.1 |
% |
ProShares Ultra Russell2000 (Ticker: UWM)
ProShares Ultra Russell2000 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Russell 2000® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE Russell. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 10% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the U.S. equity market and includes approximately 3,000 of the largest companies in the U.S. The Russell 3,000® Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
78 |
% |
|||||
Swap Agreements |
112 |
% |
|||||
Futures Contracts |
10 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
AMC Entertainment
Holdings, Inc., Class A |
0.5 |
% |
|||||
Avis Budget Group, Inc. |
0.4 |
% |
|||||
Lattice
Semiconductor Corp. |
0.3 |
% |
|||||
Crocs, Inc. |
0.3 |
% |
|||||
Synaptics, Inc. |
0.3 |
% |
Russell 2000 Index – Composition
% of Index |
|||||||
Health Care |
18.3 |
% |
|||||
Financials |
15.8 |
% |
|||||
Industrials |
15.3 |
% |
|||||
Information Technology |
14.5 |
% |
|||||
Consumer Discretionary |
11.6 |
% |
|||||
Real Estate |
7.1 |
% |
|||||
Energy |
4.4 |
% |
|||||
Materials |
3.7 |
% |
|||||
Communication Services |
3.4 |
% |
|||||
Consumer Staples |
3.3 |
% |
|||||
Utilities |
2.6 |
% |
XXII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra S&P500® (Ticker: SSO)
ProShares Ultra S&P500® (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
84 |
% |
|||||
Swap Agreements |
109 |
% |
|||||
Futures Contracts |
7 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Apple, Inc. |
5.6 |
% |
|||||
Microsoft Corp. |
5.4 |
% |
|||||
Amazon.com, Inc. |
3.3 |
% |
|||||
Tesla, Inc. |
2.0 |
% |
|||||
Alphabet, Inc., Class A |
1.9 |
% |
S&P 500 – Composition
% of Index |
|||||||
Information Technology |
29.3 |
% |
|||||
Consumer Discretionary |
13.2 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Financials |
10.8 |
% |
|||||
Telecommunication
Services |
10.4 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Consumer Staples |
5.6 |
% |
|||||
Energy |
2.7 |
% |
|||||
Real Estate |
2.6 |
% |
|||||
Materials |
2.5 |
% |
|||||
Utilities |
2.4 |
% |
ProShares Ultra Semiconductors (Ticker: USD)
ProShares Ultra Semiconductors (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. SemiconductorsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the semiconductors subsector. Component companies are engaged in the production and distribution of semiconductors and other integrated chips, as well as other related products such as semiconductor capital equipment and mother-boards. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
83 |
% |
|||||
Swap Agreements |
117 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
NVIDIA Corp. |
24.4 |
% |
|||||
Broadcom, Inc. |
6.8 |
% |
|||||
QUALCOMM, Inc. |
6.1 |
% |
|||||
Intel Corp. |
6.0 |
% |
|||||
Advanced Micro
Devices, Inc. |
5.8 |
% |
Dow Jones U.S. Semiconductors Index – Composition
% of Index |
|||||||
Software & Services |
37.6 |
% |
|||||
Technology Hardware
& Equipment |
22.3 |
% |
|||||
Semiconductors &
Semiconductor Equipment |
20.0 |
% |
|||||
Media & Entertainment |
18.5 |
% |
|||||
Retailing |
0.8 |
% |
|||||
Health Care
Equipment & Services |
0.5 |
% |
|||||
Telecommunication
Services |
0.2 |
% |
|||||
Consumer Durables
& Apparel |
0.1 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXIII
ProShares Ultra SmallCap600 (Ticker: SAA)
ProShares Ultra SmallCap600 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P SmallCap 600® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
73 |
% |
|||||
Swap Agreements |
127 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Macy's, Inc. |
0.6 |
% |
|||||
Omnicell, Inc. |
0.5 |
% |
|||||
Chart Industries, Inc. |
0.4 |
% |
|||||
Innovative
Industrial Properties, Inc. |
0.4 |
% |
|||||
Exponent, Inc. |
0.4 |
% |
S&P SmallCap 600 – Composition
% of Index |
|||||||
Financials |
18.6 |
% |
|||||
Industrials |
17.1 |
% |
|||||
Information Technology |
14.0 |
% |
|||||
Consumer Discretionary |
13.1 |
% |
|||||
Health Care |
12.1 |
% |
|||||
Real Estate |
7.7 |
% |
|||||
Materials |
4.9 |
% |
|||||
Energy |
4.7 |
% |
|||||
Consumer Staples |
4.3 |
% |
|||||
Telecommunication
Services |
1.8 |
% |
|||||
Utilities |
1.7 |
% |
ProShares Ultra Technology (Ticker: ROM)
ProShares Ultra Technology (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. TechnologySM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the technology industry. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
76 |
% |
|||||
Swap Agreements |
124 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Apple, Inc. |
14.2 |
% |
|||||
Microsoft Corp. |
13.6 |
% |
|||||
Alphabet, Inc., Class A |
4.7 |
% |
|||||
NVIDIA Corp. |
4.5 |
% |
|||||
Alphabet, Inc., Class C |
4.4 |
% |
Dow Jones U.S. Technology Index – Composition
% of Index |
|||||||
Software & Services |
37.6 |
% |
|||||
Technology Hardware
& Equipment |
22.3 |
% |
|||||
Semiconductors &
Semiconductor Equipment |
20.0 |
% |
|||||
Media & Entertainment |
18.5 |
% |
|||||
Retailing |
0.8 |
% |
|||||
Health Care
Equipment & Services |
0.5 |
% |
|||||
Telecommunication
Services |
0.2 |
% |
|||||
Consumer
Durables & Apparel |
0.1 |
% |
XXIV :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares Ultra Telecommunications (Ticker: LTL)
ProShares Ultra Telecommunications (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select TelecommunicationsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the telecommunications sector. Component companies include providers of fixed-line and mobile telephone services. Fixed-line includes regional and long-distance carriers. Mobile includes cellular, satellite and paging services. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
75 |
% |
|||||
Swap Agreements |
125 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Cisco Systems, Inc. |
16.7 |
% |
|||||
Verizon
Communications, Inc. |
16.3 |
% |
|||||
Arista Networks, Inc. |
4.9 |
% |
|||||
Motorola Solutions, Inc. |
3.7 |
% |
|||||
F5, Inc. |
3.4 |
% |
Dow Jones U.S. Select Telecommunications Index – Composition
% of Index |
|||||||
Communications
Equipment |
53.3 |
% |
|||||
Diversified
Telecommunication Services |
38.0 |
% |
|||||
Wireless
Telecommunication Services |
5.0 |
% |
|||||
Household Durables |
3.7 |
% |
ProShares Ultra Utilities (Ticker: UPW)
ProShares Ultra Utilities (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. UtilitiesSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the utilities industry. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
97 |
% |
|||||
Swap Agreements |
103 |
% |
|||||
Total Exposure |
200 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
NextEra Energy, Inc. |
16.0 |
% |
|||||
Duke Energy Corp. |
7.0 |
% |
|||||
Southern Co. (The) |
6.1 |
% |
|||||
Dominion Energy, Inc. |
5.4 |
% |
|||||
Exelon Corp. |
4.8 |
% |
Dow Jones U.S. Utilities Index – Composition
% of Index |
|||||||
Electric Utilities |
62.0 |
% |
|||||
Multi-Utilities |
27.3 |
% |
|||||
Water Utilities |
4.0 |
% |
|||||
Gas Utilities |
3.9 |
% |
|||||
Independent Power
and Renewable Electricity Producers |
2.8 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXV
ProShares UltraPro Dow30SM (Ticker: UDOW)
ProShares UltraPro Dow30SM (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Dow Jones Industrial AverageSM (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
93 |
% |
|||||
Swap Agreements |
200 |
% |
|||||
Futures Contracts |
7 |
% |
|||||
Total Exposure |
300 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
UnitedHealth Group, Inc. |
7.9 |
% |
|||||
Home Depot, Inc. (The) |
7.1 |
% |
|||||
Goldman Sachs
Group, Inc. (The) |
6.7 |
% |
|||||
Microsoft Corp. |
5.8 |
% |
|||||
salesforce.com, Inc. |
5.0 |
% |
Dow Jones Industrial Average – Composition
% of Index |
|||||||
Information Technology |
22.9 |
% |
|||||
Health Care |
16.7 |
% |
|||||
Financials |
16.0 |
% |
|||||
Consumer Discretionary |
15.6 |
% |
|||||
Industrials |
14.6 |
% |
|||||
Consumer Staples |
7.3 |
% |
|||||
Telecommunication
Services |
3.7 |
% |
|||||
Energy |
2.2 |
% |
|||||
Materials |
1.0 |
% |
ProShares UltraPro MidCap400 (Ticker: UMDD)
ProShares UltraPro MidCap400 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P MidCap 400® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
95 |
% |
|||||
Swap Agreements |
200 |
% |
|||||
Futures Contracts |
5 |
% |
|||||
Total Exposure |
300 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Signature Bank |
0.7 |
% |
|||||
FactSet Research
Systems, Inc. |
0.7 |
% |
|||||
SolarEdge
Technologies, Inc. |
0.7 |
% |
|||||
Molina Healthcare, Inc. |
0.7 |
% |
|||||
Camden Property Trust |
0.7 |
% |
S&P MidCap 400 – Composition
% of Index |
|||||||
Industrials |
19.1 |
% |
|||||
Consumer Discretionary |
15.2 |
% |
|||||
Financials |
15.0 |
% |
|||||
Information Technology |
14.3 |
% |
|||||
Real Estate |
10.2 |
% |
|||||
Health Care |
9.8 |
% |
|||||
Materials |
6.0 |
% |
|||||
Consumer Staples |
3.4 |
% |
|||||
Utilities |
3.1 |
% |
|||||
Energy |
2.1 |
% |
|||||
Telecommunication
Services |
1.8 |
% |
XXVI :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraPro QQQ (Ticker: TQQQ)
ProShares UltraPro QQQ (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. The Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
81 |
% |
|||||
Swap Agreements |
208 |
% |
|||||
Futures Contracts |
11 |
% |
|||||
Total Exposure |
300 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Apple, Inc. |
9.5 |
% |
|||||
Microsoft Corp. |
8.7 |
% |
|||||
Amazon.com, Inc. |
6.2 |
% |
|||||
Tesla, Inc. |
5.0 |
% |
|||||
NVIDIA Corp. |
4.3 |
% |
NASDAQ-100 Index – Composition
% of Index |
|||||||
Information Technology |
50.8 |
% |
|||||
Consumer Discretionary |
18.0 |
% |
|||||
Communication Services |
17.4 |
% |
|||||
Health Care |
5.8 |
% |
|||||
Consumer Staples |
4.6 |
% |
|||||
Industrials |
2.6 |
% |
|||||
Utilities |
0.8 |
% |
ProShares UltraPro Russell2000 (Ticker: URTY)
ProShares UltraPro Russell2000 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Russell 2000® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE Russell. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 10% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the U.S. equity market and approximately 3,000 of the largest companies in the US. The Russell 3000® Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
86 |
% |
|||||
Swap Agreements |
206 |
% |
|||||
Futures Contracts |
8 |
% |
|||||
Total Exposure |
300 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
AMC Entertainment
Holdings, Inc., Class A |
0.5 |
% |
|||||
Avis Budget Group, Inc. |
0.4 |
% |
|||||
Lattice
Semiconductor Corp. |
0.3 |
% |
|||||
Crocs, Inc. |
0.3 |
% |
|||||
Synaptics, Inc. |
0.3 |
% |
Russell 2000 Index – Composition
% of Index |
|||||||
Health Care |
18.3 |
% |
|||||
Financials |
15.8 |
% |
|||||
Industrials |
15.3 |
% |
|||||
Information Technology |
14.5 |
% |
|||||
Consumer Discretionary |
11.6 |
% |
|||||
Real Estate |
7.1 |
% |
|||||
Energy |
4.4 |
% |
|||||
Materials |
3.7 |
% |
|||||
Communication Services |
3.4 |
% |
|||||
Consumer Staples |
3.3 |
% |
|||||
Utilities |
2.6 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXVII
ProShares UltraPro S&P500® (Ticker: UPRO)
ProShares UltraPro S&P500® (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Equity Securities |
89 |
% |
|||||
Swap Agreements |
204 |
% |
|||||
Futures Contracts |
7 |
% |
|||||
Total Exposure |
300 |
% |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Largest Equity Holdings
Company |
% of Net Assets |
||||||
Apple, Inc. |
6.0 |
% |
|||||
Microsoft Corp. |
5.7 |
% |
|||||
Amazon.com, Inc. |
3.5 |
% |
|||||
Tesla, Inc. |
2.1 |
% |
|||||
Alphabet, Inc., Class A |
2.0 |
% |
S&P 500 – Composition
% of Index |
|||||||
Information Technology |
29.3 |
% |
|||||
Consumer Discretionary |
13.2 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Financials |
10.8 |
% |
|||||
Telecommunication
Services |
10.4 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Consumer Staples |
5.6 |
% |
|||||
Energy |
2.7 |
% |
|||||
Real Estate |
2.6 |
% |
|||||
Materials |
2.5 |
% |
|||||
Utilities |
2.4 |
% |
ProShares UltraPro Short 20+ Year Treasury (Ticker: TTT)
ProShares UltraPro Short 20+ Year Treasury (the "Fund") seeks investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index is part of a series of indices designed to measure the performance of the U.S. Treasury market. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded- from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(299 |
%) |
|||||
Futures Contracts |
(2 |
%) |
|||||
Total Exposure |
(301 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 20+ Year Bond Index – Composition
% of Index |
|||||||
20+ Year U.S. Treasury |
100 |
% |
XXVIII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraPro Short Dow30SM (Ticker: SDOW)
ProShares UltraPro Short Dow30SM (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Dow Jones Industrial AverageSM (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(289 |
%) |
|||||
Futures Contracts |
(11 |
%) |
|||||
Total Exposure |
(300 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones Industrial Average – Composition
% of Index |
|||||||
Information Technology |
22.9 |
% |
|||||
Health Care |
16.7 |
% |
|||||
Financials |
16.0 |
% |
|||||
Consumer Discretionary |
15.6 |
% |
|||||
Industrials |
14.6 |
% |
|||||
Consumer Staples |
7.3 |
% |
|||||
Telecommunication Services |
3.7 |
% |
|||||
Energy |
2.2 |
% |
|||||
Materials |
1.0 |
% |
ProShares UltraPro Short MidCap400 (Ticker: SMDD)
ProShares UltraPro Short MidCap400 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the S&P MidCap 400® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(296 |
%) |
|||||
Futures Contracts |
(4 |
%) |
|||||
Total Exposure |
(300 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P MidCap 400 – Composition
% of Index |
|||||||
Industrials |
19.1 |
% |
|||||
Consumer Discretionary |
15.2 |
% |
|||||
Financials |
15.0 |
% |
|||||
Information Technology |
14.3 |
% |
|||||
Real Estate |
10.2 |
% |
|||||
Health Care |
9.8 |
% |
|||||
Materials |
6.0 |
% |
|||||
Consumer Staples |
3.4 |
% |
|||||
Utilities |
3.1 |
% |
|||||
Energy |
2.1 |
% |
|||||
Telecommunication Services |
1.8 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXIX
ProShares UltraPro Short QQQ (Ticker: SQQQ)
ProShares UltraPro Short QQQ (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. The Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(292 |
%) |
|||||
Futures Contracts |
(8 |
%) |
|||||
Total Exposure |
(300 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
NASDAQ-100 Index – Composition
% of Index |
|||||||
Information Technology |
50.8 |
% |
|||||
Consumer Discretionary |
18.0 |
% |
|||||
Communication Services |
17.4 |
% |
|||||
Health Care |
5.8 |
% |
|||||
Consumer Staples |
4.6 |
% |
|||||
Industrials |
2.6 |
% |
|||||
Utilities |
0.8 |
% |
ProShares UltraPro Short Russell2000 (Ticker: SRTY)
ProShares UltraPro Short Russell2000 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Russell 2000® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE Russell. The Index is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 10% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the U.S. equity market and includes approximately 3,000 of the largest companies in the U.S. The Russell 3000® Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(287 |
%) |
|||||
Futures Contracts |
(13 |
%) |
|||||
Total Exposure |
(300 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Russell 2000 Index – Composition
% of Index |
|||||||
Health Care |
18.3 |
% |
|||||
Financials |
15.8 |
% |
|||||
Industrials |
15.3 |
% |
|||||
Information Technology |
14.5 |
% |
|||||
Consumer Discretionary |
11.6 |
% |
|||||
Real Estate |
7.1 |
% |
|||||
Energy |
4.4 |
% |
|||||
Materials |
3.7 |
% |
|||||
Communication Services |
3.4 |
% |
|||||
Consumer Staples |
3.3 |
% |
|||||
Utilities |
2.6 |
% |
XXX :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraPro Short S&P500® (Ticker: SPXU)
ProShares UltraPro Short S&P500® (the "Fund") seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the S&P 500® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(293 |
%) |
|||||
Futures Contracts |
(7 |
%) |
|||||
Total Exposure |
(300 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P 500 – Composition
% of Index |
|||||||
Information Technology |
29.3 |
% |
|||||
Consumer Discretionary |
13.2 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Financials |
10.8 |
% |
|||||
Telecommunication Services |
10.4 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Consumer Staples |
5.6 |
% |
|||||
Energy |
2.7 |
% |
|||||
Real Estate |
2.6 |
% |
|||||
Materials |
2.5 |
% |
|||||
Utilities |
2.4 |
% |
ProShares UltraShort 7-10 Year Treasury (Ticker: PST)
ProShares UltraShort 7-10 Year Treasury (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index is part of a series of indices designed to measure the performance of the U.S. Treasury market. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to seven years and less than or equal to ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(198 |
%) |
|||||
Futures Contracts |
(3 |
%) |
|||||
Total Exposure |
(201 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 7-10 Year Bond Index – Composition
% of Index |
|||||||
7-10 Year U.S. Treasury |
100 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXXI
ProShares UltraShort 20+ Year Treasury (Ticker: TBT)
ProShares UltraShort 20+ Year Treasury (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by ICE Data Indices, LLC. The Index is part of a series of indices designed to measure the performance of the U.S. Treasury market. The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Futures Contracts |
(1 |
%) |
|||||
Total Exposure |
(201 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
ICE U.S. Treasury 20+ Year Bond Index – Composition
% of Index |
|||||||
20+ Year U.S. Treasury |
100 |
% |
ProShares UltraShort Basic Materials (Ticker: SMN)
ProShares UltraShort Basic Materials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the basic materials industry. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Basic Materials Index – Composition
% of Index |
|||||||
Chemicals |
64.2 |
% |
|||||
Metals & Mining |
16.3 |
% |
|||||
Containers & Packaging |
14.0 |
% |
|||||
Construction Materials |
4.9 |
% |
|||||
Paper & Forest Products |
0.6 |
% |
XXXII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraShort Consumer Goods (Ticker: SZK)
ProShares UltraShort Consumer Goods (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Consumer GoodsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the consumer goods industry. Component companies include, among others, automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing, accessories and footwear. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Consumer Goods Index – Composition
% of Index |
|||||||
Automobiles & Components |
32.5 |
% |
|||||
Food, Beverage & Tobacco |
30.5 |
% |
|||||
Consumer Durables & Apparel |
16.0 |
% |
|||||
Household & Personal Products |
15.8 |
% |
|||||
Media & Entertainment |
3.0 |
% |
|||||
Retailing |
1.1 |
% |
|||||
Capital Goods |
0.8 |
% |
|||||
Food & Staples Retailing |
0.3 |
% |
ProShares UltraShort Consumer Services (Ticker: SCC)
ProShares UltraShort Consumer Services (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Consumer ServicesSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the consumer services industry. Component companies include, among others, airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Consumer Services Index – Composition
% of Index |
|||||||
Retailing |
49.7 |
% |
|||||
Media & Entertainment |
19.8 |
% |
|||||
Consumer Services |
15.7 |
% |
|||||
Food & Staples Retailing |
9.7 |
% |
|||||
Transportation |
2.9 |
% |
|||||
Commercial & Professional Services |
1.6 |
% |
|||||
Health Care Equipment & Services |
0.5 |
% |
|||||
Software & Services |
0.1 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXXIII
ProShares UltraShort Dow30SM (Ticker: DXD)
ProShares UltraShort Dow30SM (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones Industrial AverageSM (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(188 |
%) |
|||||
Futures Contracts |
(12 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones Industrial Average – Composition
% of Index |
|||||||
Information Technology |
22.9 |
% |
|||||
Health Care |
16.7 |
% |
|||||
Financials |
16.0 |
% |
|||||
Consumer Discretionary |
15.6 |
% |
|||||
Industrials |
14.6 |
% |
|||||
Consumer Staples |
7.3 |
% |
|||||
Telecommunication Services |
3.7 |
% |
|||||
Energy |
2.2 |
% |
|||||
Materials |
1.0 |
% |
ProShares UltraShort Financials (Ticker: SKF)
ProShares UltraShort Financials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. FinancialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the financials industry. Component companies include: among others, regional banks; major U.S. domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies such as credit card issuers, check cashing companies, mortgage lenders and investment advisors; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Financials Index – Composition
% of Index |
|||||||
Diversified Financials |
32.8 |
% |
|||||
Banks |
25.6 |
% |
|||||
Real Estate |
20.3 |
% |
|||||
Insurance |
12.3 |
% |
|||||
Software & Services |
8.6 |
% |
|||||
Commercial & Professional Services |
0.4 |
% |
XXXIV :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraShort FTSE China 50 (Ticker: FXP)
ProShares UltraShort FTSE China 50 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE International Limited. The Index consists of 50 of the largest and most liquid Chinese stocks listed and traded on the Stock Exchange of Hong Kong.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
FTSE China 50 Index – Composition
% of Index |
|||||||
Consumer Discretionary |
33.1 |
% |
|||||
Financials |
26.3 |
% |
|||||
Communication Services |
19.0 |
% |
|||||
Information Technology |
5.3 |
% |
|||||
Health Care |
5.2 |
% |
|||||
Real Estate |
3.2 |
% |
|||||
Energy |
2.8 |
% |
|||||
Consumer Staples |
2.4 |
% |
|||||
Materials |
1.7 |
% |
|||||
Industrials |
1.0 |
% |
ProShares UltraShort FTSE Europe (Ticker: EPV)
ProShares UltraShort FTSE Europe (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE Developed Europe All Cap Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE International Limited. The Index is a free float-adjusted market cap weighted index representing the performance of large-, mid- and small-cap companies in Developed European markets, including the United Kingdom.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(201 |
%) |
|||||
Total Exposure |
(201 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
FTSE Developed Europe
All Cap
Index – Country
% of Index |
|||||||
United Kingdom |
20.0 |
% |
|||||
Switzerland |
15.6 |
% |
|||||
France |
15.2 |
% |
|||||
Germany |
13.1 |
% |
|||||
Netherlands |
9.2 |
% |
|||||
Others |
7.2 |
% |
|||||
Sweden |
6.5 |
% |
|||||
Denmark |
4.0 |
% |
|||||
Spain |
3.5 |
% |
|||||
Italy |
3.5 |
% |
|||||
Finland |
2.2 |
% |
FTSE Developed Europe
All Cap
Index – Composition
% of Index |
|||||||
Industrials |
16.1 |
% |
|||||
Financials |
15.8 |
% |
|||||
Health Care |
13.5 |
% |
|||||
Consumer Staples |
11.5 |
% |
|||||
Consumer Discretionary |
11.5 |
% |
|||||
Information Technology |
8.8 |
% |
|||||
Materials |
8.0 |
% |
|||||
Energy |
4.3 |
% |
|||||
Utilities |
4.1 |
% |
|||||
Communication Services |
3.8 |
% |
|||||
Real Estate |
2.6 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXXV
ProShares UltraShort Health Care (Ticker: RXD)
ProShares UltraShort Health Care (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Health CareSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the healthcare industry. Component companies include, among others, health care providers, biotechnology companies, medical supplies, advanced medical devices and pharmaceuticals. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Health Care Index – Composition
% of Index |
|||||||
Pharmaceuticals |
25.8 |
% |
|||||
Health Care Equipment & Supplies |
22.3 |
% |
|||||
Health Care Providers & Services |
19.1 |
% |
|||||
Biotechnology |
17.0 |
% |
|||||
Life Sciences Tools & Services |
15.4 |
% |
|||||
Health Care Technology |
0.4 |
% |
ProShares UltraShort Industrials (Ticker: SIJ)
ProShares UltraShort Industrials (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. IndustrialsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the industrials industry. Component companies include, among others, building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land-transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Industrials Index – Composition
% of Index |
|||||||
Capital Goods |
47.9 |
% |
|||||
Software & Services |
18.6 |
% |
|||||
Transportation |
13.2 |
% |
|||||
Commercial & Professional Services |
7.4 |
% |
|||||
Technology Hardware & Equipment |
6.3 |
% |
|||||
Materials |
6.2 |
% |
|||||
Pharmaceuticals, Biotechnology & Life Sciences |
0.4 |
% |
XXXVI :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraShort MidCap400 (Ticker: MZZ)
ProShares UltraShort MidCap400 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P MidCap 400® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(186 |
%) |
|||||
Futures Contracts |
(14 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P MidCap 400 – Composition
% of Index |
|||||||
Industrials |
19.1 |
% |
|||||
Consumer Discretionary |
15.2 |
% |
|||||
Financials |
15.0 |
% |
|||||
Information Technology |
14.3 |
% |
|||||
Real Estate |
10.2 |
% |
|||||
Health Care |
9.8 |
% |
|||||
Materials |
6.0 |
% |
|||||
Consumer Staples |
3.4 |
% |
|||||
Utilities |
3.1 |
% |
|||||
Energy |
2.1 |
% |
|||||
Telecommunication Services |
1.8 |
% |
ProShares UltraShort MSCI Brazil Capped (Ticker: BZQ)
ProShares UltraShort MSCI Brazil Capped (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The MSCI Brazil 25/50 Index is designed to measure the performance of the large and mid cap segments of the Brazilian market. It applies certain investment limits that are imposed on regulated investment companies, or RICs, under the current US Internal Revenue Code. The Index covers approximately 85% of the free float-adjusted market capitalization in Brazil.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(199 |
%) |
|||||
Total Exposure |
(199 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Brazil 25/50 Index – Composition
% of Index |
|||||||
Financials |
23.7 |
% |
|||||
Materials |
22.8 |
% |
|||||
Energy |
16.3 |
% |
|||||
Consumer Staples |
10.6 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Utilities |
6.2 |
% |
|||||
Consumer Discretionary |
5.8 |
% |
|||||
Health Care |
3.7 |
% |
|||||
Communication Services |
2.4 |
% |
|||||
Information Technology |
0.7 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXXVII
ProShares UltraShort MSCI EAFE (Ticker: EFU)
ProShares UltraShort MSCI EAFE (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI EAFE Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index includes 85% of the free float-adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(201 |
%) |
|||||
Total Exposure |
(201 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI EAFE Index – Country
% of Index |
|||||||
Japan |
23.5 |
% |
|||||
United Kingdom |
12.5 |
% |
|||||
France |
11.1 |
% |
|||||
Others |
10.9 |
% |
|||||
Switzerland |
10.8 |
% |
|||||
Germany |
8.8 |
% |
|||||
Australia |
7.0 |
% |
|||||
Netherlands |
6.3 |
% |
|||||
Sweden |
3.5 |
% |
|||||
Hong Kong |
2.9 |
% |
|||||
Denmark |
2.7 |
% |
MSCI EAFE Index – Composition
% of Index |
|||||||
Financials |
16.8 |
% |
|||||
Industrials |
15.7 |
% |
|||||
Consumer Discretionary |
12.8 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Consumer Staples |
10.4 |
% |
|||||
Information Technology |
9.9 |
% |
|||||
Materials |
7.4 |
% |
|||||
Communication Services |
4.7 |
% |
|||||
Utilities |
3.4 |
% |
|||||
Energy |
3.3 |
% |
|||||
Real Estate |
2.9 |
% |
ProShares UltraShort MSCI Emerging Markets (Ticker: EEV)
ProShares UltraShort MSCI Emerging Markets (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Emerging Markets Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index includes 85% of the free float-adjusted market capitalization in emerging market countries.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(201 |
%) |
|||||
Total Exposure |
(201 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Emerging Markets
Index – Country
% of Index |
|||||||
China |
32.0 |
% |
|||||
Taiwan |
15.5 |
% |
|||||
Korea |
12.2 |
% |
|||||
India |
12.1 |
% |
|||||
Others |
10.3 |
% |
|||||
Brazil |
4.1 |
% |
|||||
Russia |
3.6 |
% |
|||||
Saudi Arabia |
3.3 |
% |
|||||
South Africa |
3.0 |
% |
|||||
Hong Kong |
2.1 |
% |
|||||
Mexico |
1.8 |
% |
MSCI Emerging Markets
Index – Composition
% of Index |
|||||||
Information Technology |
21.8 |
% |
|||||
Financials |
19.4 |
% |
|||||
Consumer Discretionary |
14.6 |
% |
|||||
Communication Services |
10.8 |
% |
|||||
Materials |
8.4 |
% |
|||||
Consumer Staples |
5.7 |
% |
|||||
Energy |
5.6 |
% |
|||||
Industrials |
4.9 |
% |
|||||
Health Care |
4.6 |
% |
|||||
Utilities |
2.2 |
% |
|||||
Real Estate |
2.0 |
% |
XXXVIII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraShort MSCI Japan (Ticker: EWV)
ProShares UltraShort MSCI Japan (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Japan Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by MSCI Inc. The Index adjusts the market capitalization of Index constituents for free float and targets for Index inclusion 85% of the free float-adjusted market capitalization in Japan.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(201 |
%) |
|||||
Total Exposure |
(201 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
MSCI Japan Index – Composition
% of Index |
|||||||
Industrials |
22.2 |
% |
|||||
Consumer Discretionary |
19.2 |
% |
|||||
Information Technology |
15.5 |
% |
|||||
Health Care |
9.9 |
% |
|||||
Financials |
8.9 |
% |
|||||
Communication Services |
7.9 |
% |
|||||
Consumer Staples |
6.7 |
% |
|||||
Materials |
4.7 |
% |
|||||
Real Estate |
3.4 |
% |
|||||
Utilities |
0.9 |
% |
|||||
Energy |
0.7 |
% |
ProShares UltraShort Nasdaq Biotechnology (Ticker: BIS)
ProShares UltraShort Nasdaq Biotechnology (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the NASDAQ Biotechnology® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. (the "Index Provider"). The Index is a modified capitalization-weighted index that includes securities of Nasdaq listed companies that are classified as either biotechnology or pharmaceutical. The securities also meet other eligibility criteria determined by the Index Provider, including minimum market capitalization and liquidity requirements. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
NASDAQ Biotechnology Index – Composition
% of Index |
|||||||
Biotechnology |
82.7 |
% |
|||||
Life Sciences Tools & Services |
8.1 |
% |
|||||
Pharmaceuticals |
8.1 |
% |
|||||
Health Care Providers & Services |
1.1 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XXXIX
ProShares UltraShort Oil & Gas (Ticker: DUG)
ProShares UltraShort Oil & Gas (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Oil & GasSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the oil and gas sector. Component companies typically are engaged in the following activities related to the oil and gas sector, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Oil & Gas Index – Composition
% of Index |
|||||||
Oil, Gas & Consumable Fuels |
89.5 |
% |
|||||
Energy Equipment & Services |
7.3 |
% |
|||||
Electrical Equipment |
1.7 |
% |
|||||
Semiconductors & Semiconductor Equipment |
0.9 |
% |
|||||
Electric Utilities |
0.6 |
% |
ProShares UltraShort QQQ (Ticker: QID)
ProShares UltraShort QQQ (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the NASDAQ-100® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by Nasdaq Inc. The Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(193 |
%) |
|||||
Futures Contracts |
(7 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
NASDAQ-100 Index – Composition
% of Index |
|||||||
Information Technology |
50.8 |
% |
|||||
Consumer Discretionary |
18.0 |
% |
|||||
Communication Services |
17.4 |
% |
|||||
Health Care |
5.8 |
% |
|||||
Consumer Staples |
4.6 |
% |
|||||
Industrials |
2.6 |
% |
|||||
Utilities |
0.8 |
% |
XL :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraShort Real Estate (Ticker: SRS)
ProShares UltraShort Real Estate (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Real EstateSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to track the performance of real estate investment trusts ("REITs") and other companies that invest directly or indirectly in real estate through development, management or ownership, including property agencies. Component companies include, among others, real estate holding and development and real estate services companies and REITs. REITs are passive investment vehicles that invest primarily in income producing real estate or real estate related loans or interests. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Real Estate Index – Composition
% of Index |
|||||||
Equity Real Estate Investment Trusts (REITs) |
90.8 |
% |
|||||
Real Estate Management & Development |
4.6 |
% |
|||||
Mortgage Real Estate Investment Trusts (REITs) |
2.5 |
% |
|||||
Professional Services |
2.1 |
% |
ProShares UltraShort Russell2000 (Ticker: TWM)
ProShares UltraShort Russell2000 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Russell 2000® Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by FTSE Russell. The Index is a measure of small-cap U.S. stock market performance. It is a float- adjusted, market capitalization-weighted index containing approximately 2,000 of the smallest companies in the Russell 3000® Index or approximately 10% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the U.S. equity market and includes approximately 3,000 of the largest companies in the U.S. The Russell 3000® Index includes large-, mid-, and small-capitalization companies.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(192 |
%) |
|||||
Futures Contracts |
(8 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Russell 2000 Index – Composition
% of Index |
|||||||
Health Care |
18.3 |
% |
|||||
Financials |
15.8 |
% |
|||||
Industrials |
15.3 |
% |
|||||
Information Technology |
14.5 |
% |
|||||
Consumer Discretionary |
11.6 |
% |
|||||
Real Estate |
7.1 |
% |
|||||
Energy |
4.4 |
% |
|||||
Materials |
3.7 |
% |
|||||
Communication Services |
3.4 |
% |
|||||
Consumer Staples |
3.3 |
% |
|||||
Utilities |
2.6 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XLI
ProShares UltraShort S&P500® (Ticker: SDS)
ProShares UltraShort S&P500® (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(193 |
%) |
|||||
Futures Contracts |
(7 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P 500 – Composition
% of Index |
|||||||
Information Technology |
29.3 |
% |
|||||
Consumer Discretionary |
13.2 |
% |
|||||
Health Care |
12.7 |
% |
|||||
Financials |
10.8 |
% |
|||||
Telecommunication Services |
10.4 |
% |
|||||
Industrials |
7.8 |
% |
|||||
Consumer Staples |
5.6 |
% |
|||||
Energy |
2.7 |
% |
|||||
Real Estate |
2.6 |
% |
|||||
Materials |
2.5 |
% |
|||||
Utilities |
2.4 |
% |
ProShares UltraShort Semiconductors (Ticker: SSG)
ProShares UltraShort Semiconductors (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. SemiconductorsSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the semiconductors sub-sector. Component companies are engaged in the production and distribution of semiconductors and other integrated chips, as well as other related products such as semiconductor capital equipment and mother-boards. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Semiconductors Index – Composition
% of Index |
|||||||
Software & Services |
37.6 |
% |
|||||
Technology Hardware & Equipment |
22.3 |
% |
|||||
Semiconductors & Semiconductor Equipment |
20.0 |
% |
|||||
Media & Entertainment |
18.5 |
% |
|||||
Retailing |
0.8 |
% |
|||||
Health Care Equipment & Services |
0.5 |
% |
|||||
Telecommunication Services |
0.2 |
% |
|||||
Consumer Durables & Apparel |
0.1 |
% |
XLII :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
ProShares UltraShort SmallCap600 (Ticker: SDD)
ProShares UltraShort SmallCap600 (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600® (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
S&P SmallCap 600 – Composition
% of Index |
|||||||
Financials |
18.6 |
% |
|||||
Industrials |
17.1 |
% |
|||||
Information Technology |
14.0 |
% |
|||||
Consumer Discretionary |
13.1 |
% |
|||||
Health Care |
12.1 |
% |
|||||
Real Estate |
7.7 |
% |
|||||
Materials |
4.9 |
% |
|||||
Energy |
4.7 |
% |
|||||
Consumer Staples |
4.3 |
% |
|||||
Telecommunication Services |
1.8 |
% |
|||||
Utilities |
1.7 |
% |
ProShares UltraShort Technology (Ticker: REW)
ProShares UltraShort Technology (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the technology industry. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Technology Index – Composition
% of Index |
|||||||
Software & Services |
37.6 |
% |
|||||
Technology Hardware & Equipment |
22.3 |
% |
|||||
Semiconductors & Semiconductor Equipment |
20.0 |
% |
|||||
Media & Entertainment |
18.5 |
% |
|||||
Retailing |
0.8 |
% |
|||||
Health Care Equipment & Services |
0.5 |
% |
|||||
Telecommunication Services |
0.2 |
% |
|||||
Consumer Durables & Apparel |
0.1 |
% |
PROSHARES TRUST ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION :: NOVEMBER 30, 2021 (UNAUDITED) :: XLIII
ProShares UltraShort Utilities (Ticker: SDP)
ProShares UltraShort Utilities (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. UtilitiesSM Index (the "Index"). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day. The Fund seeks investment results for a single day only, as measured from one net asset value ("NAV") calculation to the next, not for any other period. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the utilities industry. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The Index is a market cap weighted index that is updated in March, June, September and December.
Allocation of Portfolio Holdings & Index Composition as of 11/30/21
Market Exposure
Investment Type |
% of Net Assets |
||||||
Swap Agreements |
(200 |
%) |
|||||
Total Exposure |
(200 |
%) |
"Market Exposure" includes the value of total investments (including the contract value of any derivatives) and excludes any short-term investments and cash equivalents.
Dow Jones U.S. Utilities Index – Composition
% of Index |
|||||||
Electric Utilities |
62.0 |
% |
|||||
Multi-Utilities |
27.3 |
% |
|||||
Water Utilities |
4.0 |
% |
|||||
Gas Utilities |
3.9 |
% |
|||||
Independent Power and Renewable Electricity Producers |
2.8 |
% |
XLIV :: NOVEMBER 30, 2021 (UNAUDITED) :: ALLOCATION OF PORTFOLIO HOLDINGS & INDEX COMPOSITION PROSHARES TRUST
EXPENSE EXAMPLES
PROSHARES TRUST EXPENSE EXAMPLES (UNAUDITED) :: XLV
As a shareholder, you incur two types of costs: (1) transaction costs for purchasing and selling shares and (2) ongoing costs, including advisory fees and other Fund expenses. The expense examples below are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.
Actual Expenses
The actual expense examples are based on an investment of $1,000 invested at the beginning of a six-month period and held through the period ended, November 30, 2021.
The first line in the following tables provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 =8.6), then multiply the result by the number in the first line under the heading "Expenses Paid During the Period" to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The hypothetical expense examples are based on an investment of $1,000 invested at the beginning of a six month period and held through the period ended, November 30, 2021.
The second line in the following tables provides information about hypothetical account values and hypothetical expenses based on the Funds' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Funds' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs, such as brokerage charges. Therefore, the second line for each Fund in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if transaction costs were included, your costs would have been higher.
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
Short 7-10 Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
975.80 |
$ |
4.71 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short 20+ Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
894.10 |
$ |
4.27 |
0.90 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.56 |
$ |
4.56 |
0.90 |
% |
|||||||||||
Short Basic Materials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,020.60 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short Dow30SM |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
982.30 |
$ |
4.72 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short Financials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
968.40 |
$ |
4.69 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short FTSE China 50 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,149.40 |
$ |
5.12 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short High Yield |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
980.60 |
$ |
4.72 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short MidCap400 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
983.80 |
$ |
4.72 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
XLVI :: EXPENSE EXAMPLES (UNAUDITED) PROSHARES TRUST
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
Short MSCI EAFE |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,024.30 |
$ |
4.82 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short MSCI Emerging Markets |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,094.10 |
$ |
4.99 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short Oil & Gas |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
879.20 |
$ |
4.48 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short QQQ |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
834.50 |
$ |
4.37 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short Real Estate |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
911.90 |
$ |
4.55 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short Russell2000 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,003.10 |
$ |
4.77 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Short S&P500® |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
905.30 |
$ |
4.25 |
0.89 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.61 |
$ |
4.51 |
0.89 |
% |
|||||||||||
Short SmallCap600 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
991.20 |
$ |
4.74 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra 7-10 Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,026.60 |
$ |
4.83 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra 20+ Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,193.70 |
$ |
5.22 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Basic Materials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
898.60 |
$ |
4.52 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Consumer Goods |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,221.10 |
$ |
5.29 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Consumer Services |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,050.90 |
$ |
4.88 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Dow30SM |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
999.20 |
$ |
4.76 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
PROSHARES TRUST EXPENSE EXAMPLES (UNAUDITED) :: XLVII
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
Ultra Financials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,011.30 |
$ |
4.79 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra FTSE China 50 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
660.20 |
$ |
3.95 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra FTSE Europe |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
920.60 |
$ |
4.57 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Health Care |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,088.40 |
$ |
4.97 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra High Yield |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
997.80 |
$ |
4.76 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Industrials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
927.50 |
$ |
4.59 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra MidCap400 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
978.90 |
$ |
4.71 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra MSCI Brazil Capped |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
541.20 |
$ |
3.67 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra MSCI EAFE |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
913.30 |
$ |
4.56 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra MSCI Emerging Markets |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
784.90 |
$ |
4.25 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra MSCI Japan |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
927.00 |
$ |
4.59 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Nasdaq Biotechnology |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
990.60 |
$ |
4.74 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Nasdaq Cloud Computing |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,201.40 |
$ |
5.24 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Nasdaq Cybersecurity |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,327.30 |
$ |
5.54 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
XLVIII :: EXPENSE EXAMPLES (UNAUDITED) PROSHARES TRUST
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
Ultra Oil & Gas |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,124.00 |
$ |
5.06 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra QQQ |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,374.20 |
$ |
5.65 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Real Estate |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,156.40 |
$ |
5.14 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Russell2000 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
926.40 |
$ |
4.59 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra S&P500® |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,179.20 |
$ |
4.81 |
0.88 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.66 |
$ |
4.46 |
0.88 |
% |
|||||||||||
Ultra Semiconductors |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,718.80 |
$ |
6.47 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra SmallCap600 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
946.80 |
$ |
4.64 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Technology |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,488.10 |
$ |
5.93 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Telecommunications |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
976.60 |
$ |
4.71 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
Ultra Utilities |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,029.70 |
$ |
4.83 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro Dow30SM |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
990.60 |
$ |
4.74 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro MidCap400 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
953.80 |
$ |
4.65 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro QQQ |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,590.40 |
$ |
5.58 |
0.86 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.76 |
$ |
4.36 |
0.86 |
% |
|||||||||||
UltraPro Russell2000 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
870.30 |
$ |
4.45 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
PROSHARES TRUST EXPENSE EXAMPLES (UNAUDITED) :: XLIX
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
UltraPro S&P500® |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,270.20 |
$ |
5.12 |
0.90 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.56 |
$ |
4.56 |
0.90 |
% |
|||||||||||
UltraPro Short 20+ Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
699.30 |
$ |
4.05 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro Short Dow30SM |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
935.60 |
$ |
4.61 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro Short MidCap400 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
928.00 |
$ |
4.59 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro Short QQQ |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
570.60 |
$ |
3.74 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro Short Russell2000 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
965.10 |
$ |
4.68 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraPro Short S&P500® |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
735.00 |
$ |
3.91 |
0.90 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.56 |
$ |
4.56 |
0.90 |
% |
|||||||||||
UltraShort 7-10 Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
955.90 |
$ |
4.66 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort 20+ Year Treasury |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
794.80 |
$ |
4.00 |
0.89 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.61 |
$ |
4.51 |
0.89 |
% |
|||||||||||
UltraShort Basic Materials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,030.60 |
$ |
4.84 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Consumer Goods |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
780.50 |
$ |
4.24 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Consumer Services |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
910.20 |
$ |
4.60 |
0.96 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.26 |
$ |
4.86 |
0.96 |
% |
|||||||||||
UltraShort Dow30SM |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
963.10 |
$ |
4.68 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Financials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
931.50 |
$ |
4.60 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
L :: EXPENSE EXAMPLES (UNAUDITED) PROSHARES TRUST
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
UltraShort FTSE China 50 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,283.20 |
$ |
5.44 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort FTSE Europe |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,034.40 |
$ |
4.84 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Health Care |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
881.80 |
$ |
4.48 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Industrials |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,023.80 |
$ |
4.82 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort MidCap400 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
960.80 |
$ |
4.67 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort MSCI Brazil Capped |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,498.00 |
$ |
5.95 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort MSCI EAFE |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,046.70 |
$ |
4.87 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort MSCI Emerging Markets |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,187.10 |
$ |
5.21 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort MSCI Japan |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
1,009.80 |
$ |
4.79 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Nasdaq Biotechnology |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
921.60 |
$ |
4.58 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Oil & Gas |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
744.80 |
$ |
4.16 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort QQQ |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
693.20 |
$ |
4.03 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Real Estate |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
828.50 |
$ |
4.35 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Russell2000 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
992.90 |
$ |
4.75 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
PROSHARES TRUST EXPENSE EXAMPLES (UNAUDITED) :: LI
Beginning Account Value 6/1/21 |
Ending Account Value 11/30/21 |
Expenses
Paid During the Period* |
Annualized Expense Ratio During Period |
||||||||||||||||
UltraShort S&P500® |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
818.30 |
$ |
4.15 |
0.91 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.51 |
$ |
4.61 |
0.91 |
% |
|||||||||||
UltraShort Semiconductors |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
510.60 |
$ |
3.60 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort SmallCap600 |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
968.20 |
$ |
4.69 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Technology |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
631.20 |
$ |
3.88 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
|||||||||||
UltraShort Utilities |
|||||||||||||||||||
Actual |
$ |
1,000.00 |
$ |
919.80 |
$ |
4.57 |
0.95 |
% |
|||||||||||
Hypothetical |
$ |
1,000.00 |
$ |
1,020.31 |
$ |
4.81 |
0.95 |
% |
* Expenses are equal to the average account value multiplied by the Fund's annualized expense ratio multiplied by 183/365 (the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year).
LII :: EXPENSE EXAMPLES (UNAUDITED) PROSHARES TRUST
SCHEDULE OF PORTFOLIO INVESTMENTS
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: 1
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 96.7% |
|||||||||||
Repurchase Agreements (a) — 96.7% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $98,359,891 (Cost $98,359,814) |
$ |
98,359,814 |
$ |
98,359,814 |
|||||||
Total Investments —
96.7% (Cost $98,359,814) |
98,359,814 |
||||||||||
Other assets less liabilities — 3.3% |
3,372,387 |
||||||||||
Net Assets — 100.0% |
$ |
101,732,201 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
578,584 |
|||||
Aggregate gross unrealized depreciation |
(2,823 |
) |
|||||
Net unrealized appreciation |
$ |
575,761 |
|||||
Federal income tax cost |
$ |
98,359,814 |
Futures Contracts Sold
Short 7-10 Year Treasury had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value and
Unrealized Depreciation |
|||||||||||||||||||
U.S. Treasury 10 Year Note |
6 |
3/22/2022 |
USD |
$ |
784,781 |
$ |
(2,823 |
) |
Swap Agreementsa
Short 7-10 Year Treasury had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying Instrument |
Value and
Unrealized Appreciationd ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(23,236,287 |
) |
11/7/2022 |
Bank of America NA |
0.42 |
% |
ICE U.S.
Treasury 7-10 Year Bond Index |
190,167 |
(190,167 |
) |
— |
— |
||||||||||||||||||||||||
(77,938,959 |
) |
8/8/2022 |
Citibank NA |
0.40 |
% |
ICE U.S.
Treasury 7-10 Year Bond Index |
388,417 |
— |
(388,417 |
) |
— |
||||||||||||||||||||||||
(101,175,246 |
) |
578,584 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
578,584 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
See accompanying notes to the financial statements.
2 :: TBX SHORT 7-10 YEAR TREASURY :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT 7-10 YEAR TREASURY TBX :: 3
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 100.6% |
|||||||||||
Repurchase Agreements (a) — 38.9% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $277,143,591 (Cost $277,143,375) |
$ |
277,143,375 |
$ |
277,143,375 |
|||||||
U.S. Treasury Obligations (b) — 61.7% |
|||||||||||
U.S. Treasury Bills |
|||||||||||
0.02%, 12/2/2021 (c) |
30,000,000 |
29,999,979 |
|||||||||
0.04%, 12/30/2021 (c) |
50,000,000 |
49,996,476 |
|||||||||
0.05%, 1/27/2022 (c) |
30,000,000 |
29,997,981 |
|||||||||
0.04%, 2/3/2022 (c) |
10,000,000 |
9,999,245 |
|||||||||
0.03%, 2/17/2022 (c) |
50,000,000 |
49,994,827 |
|||||||||
0.03%, 2/24/2022 (c) |
45,000,000 |
44,995,458 |
|||||||||
0.03%, 3/10/2022 (c) |
20,000,000 |
19,997,305 |
|||||||||
0.04%, 3/17/2022 (c) |
25,000,000 |
24,996,307 |
|||||||||
0.06%, 3/24/2022 (c) |
10,000,000 |
9,998,344 |
|||||||||
0.07%, 5/19/2022 (c) |
25,000,000 |
24,990,220 |
|||||||||
0.07%, 6/16/2022 (c) |
50,000,000 |
49,975,033 |
|||||||||
0.07%, 8/11/2022 (c) |
65,000,000 |
64,941,186 |
|||||||||
0.08%, 9/8/2022 (c) |
30,000,000 |
29,961,948 |
|||||||||
Total U.S. Treasury
Obligations (Cost $439,904,839) |
439,844,309 |
||||||||||
Total Short-Term
Investments (Cost $717,048,214) |
716,987,684 |
||||||||||
Total Investments —
100.6% (Cost $717,048,214) |
716,987,684 |
||||||||||
Liabilities in excess of other assets — (0.6%) |
(4,044,600 |
) |
|||||||||
Net Assets — 100.0% |
$ |
712,943,084 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $23,188,358.
(c) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
301 |
|||||
Aggregate gross unrealized depreciation |
(20,492,103 |
) |
|||||
Net unrealized depreciation |
$ |
(20,491,802 |
) |
||||
Federal income tax cost |
$ |
717,048,214 |
Futures Contracts Sold
Short 20+ Year Treasury had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value and
Unrealized Depreciation |
|||||||||||||||||||
U.S. Treasury Long Bond |
126 |
3/22/2022 |
USD |
$ |
20,427,750 |
$ |
(38,479 |
) |
See accompanying notes to the financial statements.
4 :: TBF SHORT 20+ YEAR TREASURY :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Swap Agreementsa
Short 20+ Year Treasury had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(300,100,749 |
) |
8/8/2022 |
Citibank NA |
0.38 |
% |
ICE U.S.
Treasury 20+ Year Bond Index |
(12,931,785 |
) |
12,931,785 |
— |
— |
||||||||||||||||||||||||
(140,451,473 |
) |
11/6/2023 |
Goldman Sachs
International |
0.35 |
% |
ICE U.S.
Treasury 20+ Year Bond Index |
(2,824,367 |
) |
2,361,676 |
— |
(462,691 |
) |
|||||||||||||||||||||||
(264,999,760 |
) |
11/6/2023 |
Societe
Generale |
0.21 |
% |
ICE U.S.
Treasury 20+ Year Bond Index |
(4,636,641 |
) |
1,948,257 |
362,000 |
(2,326,384 |
) |
|||||||||||||||||||||||
(705,551,982 |
) |
(20,392,793 |
) |
||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(20,392,793 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT 20+ YEAR TREASURY TBF :: 5
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 87.2% |
|||||||||||
Repurchase Agreements (a) — 87.2% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $1,749,375 (Cost $1,749,373) |
$ |
1,749,373 |
$ |
1,749,373 |
|||||||
Total Investments —
87.2% (Cost $1,749,373) |
1,749,373 |
||||||||||
Other assets less liabilities — 12.8% |
257,570 |
||||||||||
Net Assets — 100.0% |
$ |
2,006,943 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
98,905 |
|||||
Aggregate gross unrealized depreciation |
(32,568 |
) |
|||||
Net unrealized appreciation |
$ |
66,337 |
|||||
Federal income tax cost |
$ |
1,749,373 |
Swap Agreementsa
Short Basic Materials had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(171,868 |
) |
1/6/2022 |
Bank of America NA |
0.33 |
% |
Dow Jones U.S.
Basic MaterialsSM Index |
(30,319 |
) |
— |
30,000 |
(319 |
) |
|||||||||||||||||||||||
(51,614 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.32 |
% |
Dow Jones U.S.
Basic MaterialsSM Index |
(2,249 |
) |
— |
— |
(2,249 |
) |
|||||||||||||||||||||||
(1,086,016 |
) |
3/7/2023 |
Societe Generale |
0.03 |
% |
Dow Jones U.S.
Basic MaterialsSM Index |
65,542 |
— |
— |
65,542 |
|||||||||||||||||||||||||
(697,051 |
) |
3/7/2023 |
UBS AG |
0.18 |
% |
Dow Jones U.S.
Basic MaterialsSM Index |
33,363 |
— |
— |
33,363 |
|||||||||||||||||||||||||
(2,006,549 |
) |
66,337 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
98,905 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(32,568 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
6 :: SBM SHORT BASIC MATERIALS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 97.4% |
|||||||||||
Repurchase Agreements (a) — 13.8% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $37,123,237 (Cost $37,123,207) |
$ |
37,123,207 |
$ |
37,123,207 |
|||||||
U.S. Treasury Obligations (b) — 83.6% |
|||||||||||
U.S. Treasury Bills |
|||||||||||
0.02%, 12/2/2021 (c) |
20,000,000 |
19,999,986 |
|||||||||
0.05%, 12/30/2021 (c) |
25,000,000 |
24,998,238 |
|||||||||
0.05%, 1/27/2022 (c) |
30,000,000 |
29,997,981 |
|||||||||
0.04%, 2/3/2022 (c) |
20,000,000 |
19,998,489 |
|||||||||
0.04%, 2/10/2022 (c) |
10,000,000 |
9,999,108 |
|||||||||
0.03%, 4/21/2022 (c) |
25,000,000 |
24,993,390 |
|||||||||
0.07%, 8/11/2022 (c) |
50,000,000 |
49,954,758 |
|||||||||
0.09%, 9/8/2022 (c) |
45,000,000 |
44,942,922 |
|||||||||
Total U.S. Treasury
Obligations (Cost $224,937,723) |
224,884,872 |
||||||||||
Total Short-Term
Investments (Cost $262,060,930) |
262,008,079 |
||||||||||
Total Investments —
97.4% (Cost $262,060,930) |
262,008,079 |
||||||||||
Other assets less liabilities — 2.6% |
6,939,242 |
||||||||||
Net Assets — 100.0% |
$ |
268,947,321 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $21,637,823.
(c) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
9,364,048 |
|||||
Aggregate gross unrealized depreciation |
(15,383,092 |
) |
|||||
Net unrealized depreciation |
$ |
(6,019,044 |
) |
||||
Federal income tax cost |
$ |
262,060,930 |
Futures Contracts Sold
Short Dow30SM had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
DJIA CBOT E-Mini Index |
174 |
12/17/2021 |
USD |
$ |
29,977,590 |
$ |
376,760 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT DOW30SM DOG :: 7
Swap Agreementsa
Short Dow30SM had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(47,759,952 |
) |
12/6/2021 |
Bank of America NA |
(0.27 |
)% |
Dow Jones
Industrial AverageSM |
(15,330,057 |
) |
10,277,057 |
5,053,000 |
— |
||||||||||||||||||||||||
(70,864,045 |
) |
5/8/2023 |
BNP Paribas SA |
(0.37 |
)% |
Dow Jones
Industrial AverageSM |
3,270,267 |
(1,969,834 |
) |
— |
1,300,433 |
||||||||||||||||||||||||
(35,759,618 |
) |
4/10/2023 |
Citibank NA |
(0.55 |
)% |
Dow Jones
Industrial AverageSM |
1,148,787 |
— |
(870,000 |
) |
278,787 |
||||||||||||||||||||||||
(10,379,600 |
) |
3/7/2023 |
Goldman
Sachs International |
(0.42 |
)% |
Dow Jones
Industrial AverageSM |
565,113 |
(469,016 |
) |
— |
96,097 |
||||||||||||||||||||||||
(724,158 |
) |
3/7/2023 |
Societe Generale |
(0.17 |
)% |
Dow Jones
Industrial AverageSM |
60,503 |
— |
— |
60,503 |
|||||||||||||||||||||||||
(73,067,623 |
) |
3/7/2023 |
UBS AG |
(0.27 |
)% |
Dow Jones
Industrial AverageSM |
3,942,434 |
— |
(2,590,000 |
) |
1,352,434 |
||||||||||||||||||||||||
(238,554,996 |
) |
(6,342,953 |
) |
||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
8,987,104 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(15,330,057 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
8 :: DOG SHORT DOW30SM :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 99.1% |
|||||||||||
Repurchase Agreements (a) — 99.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $7,019,976 (Cost $7,019,970) |
$ |
7,019,970 |
$ |
7,019,970 |
|||||||
Total Investments —
99.1% (Cost $7,019,970) |
7,019,970 |
||||||||||
Other assets less liabilities — 0.9% |
60,576 |
||||||||||
Net Assets — 100.0% |
$ |
7,080,546 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
238,023 |
|||||
Aggregate gross unrealized depreciation |
(1,011,967 |
) |
|||||
Net unrealized depreciation |
$ |
(773,944 |
) |
||||
Federal income tax cost |
$ |
7,019,970 |
Swap Agreementsa
Short Financials had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(531,999 |
) |
1/6/2022 |
Bank of America NA |
0.03 |
% |
Dow Jones U.S.
FinancialsSM Indexf |
(463,530 |
) |
— |
320,000 |
(143,530 |
) |
|||||||||||||||||||||||
(502,625 |
) |
1/6/2022 |
BNP Paribas SA |
(0.27 |
)% |
Dow Jones U.S.
FinancialsSM Indexf |
(267,274 |
) |
— |
191,000 |
(76,274 |
) |
|||||||||||||||||||||||
(749,042 |
) |
4/10/2023 |
Citibank NA |
(0.22 |
)% |
Dow Jones U.S.
FinancialsSM Indexf |
31,172 |
— |
— |
31,172 |
|||||||||||||||||||||||||
(1,197,815 |
) |
3/7/2023 |
Goldman
Sachs International |
(0.17 |
)% |
Dow Jones U.S.
FinancialsSM Indexf |
70,482 |
— |
— |
70,482 |
|||||||||||||||||||||||||
(1,848,127 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.36 |
% |
Dow Jones U.S.
FinancialsSM Indexf |
(281,163 |
) |
— |
281,163 |
— |
||||||||||||||||||||||||
(1,270,434 |
) |
3/7/2023 |
Societe Generale |
(0.17 |
)% |
Dow Jones U.S.
FinancialsSM Indexf |
76,441 |
— |
— |
76,441 |
|||||||||||||||||||||||||
(978,324 |
) |
3/7/2023 |
UBS AG |
(0.17 |
)% |
Dow Jones U.S.
FinancialsSM Indexf |
59,928 |
— |
— |
59,928 |
|||||||||||||||||||||||||
(7,078,366 |
) |
(773,944 |
) |
||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
238,023 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(1,011,967 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT FINANCIALS SEF :: 9
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f See the Common Stocks section of the Summary Schedule of Portfolio Investments of ProShares Ultra Financials for the components of the underlying reference instrument and their relative weightings.
See accompanying notes to the financial statements.
10 :: SEF SHORT FINANCIALS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 80.1% |
|||||||||||
Repurchase Agreements (a) — 80.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $7,835,471 (Cost $7,835,465) |
$ |
7,835,465 |
$ |
7,835,465 |
|||||||
Total Investments —
80.1% (Cost $7,835,465) |
7,835,465 |
||||||||||
Other assets less liabilities — 19.9% |
1,941,994 |
||||||||||
Net Assets — 100.0% |
$ |
9,777,459 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
353,141 |
|||||
Aggregate gross unrealized depreciation |
— |
||||||
Net unrealized appreciation |
$ |
353,141 |
|||||
Federal income tax cost |
$ |
7,835,465 |
Swap Agreementsa,f
Short FTSE China 50 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(4,683,500 |
) |
11/9/2022 |
Bank of America NA |
1.43 |
% |
iShares® China
Large-Cap ETF |
213,944 |
— |
— |
213,944 |
|||||||||||||||||||||||||
(890,378 |
) |
4/10/2023 |
Citibank NA |
2.68 |
% |
iShares®
China Large-Cap ETF |
28,241 |
— |
— |
28,241 |
|||||||||||||||||||||||||
(714,392 |
) |
3/7/2023 |
Goldman Sachs
International |
0.43 |
% |
iShares® China
Large-Cap ETF |
26,290 |
— |
— |
26,290 |
|||||||||||||||||||||||||
(548,048 |
) |
3/7/2023 |
Societe
Generale |
1.58 |
% |
iShares® China
Large-Cap ETF |
19,700 |
— |
— |
19,700 |
|||||||||||||||||||||||||
(2,900,960 |
) |
3/7/2023 |
UBS AG |
1.68 |
% |
iShares® China
Large-Cap ETF |
64,966 |
— |
— |
64,966 |
|||||||||||||||||||||||||
(9,737,278 |
) |
353,141 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
353,141 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT FTSE CHINA 50 YXI :: 11
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 82.9% |
|||||||||||
Repurchase Agreements (a) — 66.5% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $40,408,462 (Cost $40,408,431) |
$ |
40,408,431 |
$ |
40,408,431 |
|||||||
U.S. Treasury Obligations — 16.4% |
|||||||||||
U.S. Treasury Bills |
|||||||||||
0.04%, 2/10/2022 (b)
(Cost $9,999,172) |
10,000,000 |
9,999,108 |
|||||||||
Total Short-Term
Investments (Cost $50,407,603) |
50,407,539 |
||||||||||
Total Investments —
82.9% (Cost $50,407,603) |
50,407,539 |
||||||||||
Other assets less liabilities — 17.1% |
10,371,106 |
||||||||||
Net Assets — 100.0% |
$ |
60,778,645 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
964,101 |
|||||
Aggregate gross unrealized depreciation |
(64 |
) |
|||||
Net unrealized appreciation |
$ |
964,037 |
|||||
Federal income tax cost |
$ |
50,407,603 |
Swap Agreementsa,f
Short High Yield had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional
Amount ($) |
Termination
Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(24,127,107 |
) |
4/10/2023 |
Citibank NA |
2.68 |
% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
447,668 |
— |
(310,000 |
) |
137,668 |
||||||||||||||||||||||||
(22,662,042 |
) |
3/7/2023 |
Goldman Sachs International |
2.43 |
% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
428,882 |
(428,882 |
) |
— |
— |
||||||||||||||||||||||||
(13,967,970 |
) |
11/7/2022 |
UBS AG |
1.93 |
% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
87,551 |
— |
— |
87,551 |
|||||||||||||||||||||||||
(60,757,119 |
) |
964,101 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
964,101 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation and final settlement of these swap transactions as of the time the Fund calculates its NAV, which differs from the time the Fund's underlying index is calculated, one or more exchange-traded financial products are used as the reference entity, as a surrogate for the respective underlying index.
See accompanying notes to the financial statements.
12 :: SJB SHORT HIGH YIELD :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 92.4% |
|||||||||||
Repurchase Agreements (a) — 92.4% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $9,250,778 (Cost $9,250,771) |
$ |
9,250,771 |
$ |
9,250,771 |
|||||||
Total Investments —
92.4% (Cost $9,250,771) |
9,250,771 |
||||||||||
Other assets less liabilities — 7.6% |
764,735 |
||||||||||
Net Assets — 100.0% |
$ |
10,015,506 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
491,848 |
|||||
Aggregate gross unrealized depreciation |
(476,247 |
) |
|||||
Net unrealized appreciation |
$ |
15,601 |
|||||
Federal income tax cost |
$ |
9,250,771 |
Futures Contracts Sold
Short MidCap400 had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value and
Unrealized Depreciation |
|||||||||||||||||||
S&P Midcap 400 E-Mini Index |
2 |
12/17/2021 |
USD |
$ |
541,240 |
$ |
(3,325 |
) |
Swap Agreementsa
Short MidCap400 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(1,300,152 |
) |
12/6/2021 |
Bank of America NA |
(0.17 |
)% |
S&P MidCap 400® |
(282,146 |
) |
— |
282,146 |
— |
||||||||||||||||||||||||
(647,367 |
) |
5/8/2023 |
BNP Paribas SA |
(0.22 |
)% |
S&P MidCap 400® |
46,925 |
— |
— |
46,925 |
|||||||||||||||||||||||||
(2,134,416 |
) |
4/10/2023 |
Citibank NA |
(0.27 |
)% |
S&P MidCap 400® |
118,258 |
— |
— |
118,258 |
|||||||||||||||||||||||||
(257,322 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.50 |
% |
S&P MidCap 400® |
(190,776 |
) |
— |
157,000 |
(33,776 |
) |
|||||||||||||||||||||||
(5,132,892 |
) |
3/7/2023 |
Societe Generale |
0.20 |
% |
S&P MidCap 400® |
326,665 |
— |
— |
326,665 |
|||||||||||||||||||||||||
(9,472,149 |
) |
18,926 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
491,848 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(472,922 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT MIDCAP400 MYY :: 13
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
14 :: MYY SHORT MIDCAP400 :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 54.9% |
|||||||||||
Repurchase Agreements (a) — 54.9% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $12,520,113 (Cost $12,520,102) |
$ |
12,520,102 |
$ |
12,520,102 |
|||||||
Total Investments —
54.9% (Cost $12,520,102) |
12,520,102 |
||||||||||
Other assets less liabilities — 45.1% |
10,300,876 |
||||||||||
Net Assets — 100.0% |
$ |
22,820,978 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
838,441 |
|||||
Aggregate gross unrealized depreciation |
— |
||||||
Net unrealized appreciation |
$ |
838,441 |
|||||
Federal income tax cost |
$ |
12,520,102 |
Swap Agreementsa,f
Short MSCI EAFE had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(837,724 |
) |
4/10/2023 |
Citibank NA |
0.33 |
% |
iShares® MSCI
EAFE ETF |
52,178 |
— |
— |
52,178 |
|||||||||||||||||||||||||
(8,864,390 |
) |
3/7/2023 |
Goldman Sachs
International |
(0.12 |
)% |
iShares® MSCI
EAFE ETF |
27,575 |
— |
— |
27,575 |
|||||||||||||||||||||||||
(3,463,533 |
) |
3/7/2023 |
Societe
Generale |
0.73 |
% |
iShares® MSCI
EAFE ETF |
209,174 |
— |
— |
209,174 |
|||||||||||||||||||||||||
(9,554,281 |
) |
3/7/2023 |
UBS AG |
0.33 |
% |
iShares® MSCI
EAFE ETF |
549,514 |
— |
— |
549,514 |
|||||||||||||||||||||||||
(22,719,928 |
) |
838,441 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
838,441 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT MSCI EAFE EFZ :: 15
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 77.3% |
|||||||||||
Repurchase Agreements (a) — 77.3% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $32,593,921 (Cost $32,593,896) |
$ |
32,593,896 |
$ |
32,593,896 |
|||||||
Total Investments —
77.3% (Cost $32,593,896) |
32,593,896 |
||||||||||
Other assets less liabilities — 22.7% |
9,565,185 |
||||||||||
Net Assets — 100.0% |
$ |
42,159,081 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
1,713,165 |
|||||
Aggregate gross unrealized depreciation |
— |
||||||
Net unrealized appreciation |
$ |
1,713,165 |
|||||
Federal income tax cost |
$ |
32,593,896 |
Swap Agreementsa,f
Short MSCI Emerging Markets had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(8,362,366 |
) |
5/8/2023 |
Bank of America NA |
0.73 |
% |
iShares® MSCI
Emerging Markets ETF |
398,893 |
(398,893 |
) |
— |
— |
||||||||||||||||||||||||
(7,861,983 |
) |
4/10/2023 |
Citibank NA |
0.48 |
% |
iShares® MSCI
Emerging Markets ETF |
346,630 |
— |
(340,000 |
) |
6,630 |
||||||||||||||||||||||||
(4,306,875 |
) |
3/7/2023 |
Goldman Sachs
International |
0.43 |
% |
iShares® MSCI
Emerging Markets ETF |
64,844 |
— |
— |
64,844 |
|||||||||||||||||||||||||
(556,379 |
) |
4/10/2023 |
Morgan Stanley & Co. International plc |
0.08 |
% |
iShares® MSCI
Emerging Markets ETF |
26,750 |
— |
— |
26,750 |
|||||||||||||||||||||||||
(2,439,967 |
) |
3/7/2023 |
Societe
Generale |
1.63 |
% |
iShares® MSCI
Emerging Markets ETF |
100,078 |
— |
— |
100,078 |
|||||||||||||||||||||||||
(18,467,736 |
) |
11/9/2022 |
UBS AG |
1.03 |
% |
iShares® MSCI
Emerging Markets ETF |
775,970 |
— |
(775,970 |
) |
— |
||||||||||||||||||||||||
(41,995,306 |
) |
1,713,165 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
1,713,165 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would
See accompanying notes to the financial statements.
16 :: EUM SHORT MSCI EMERGING MARKETS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT MSCI EMERGING MARKETS EUM :: 17
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 90.2% |
|||||||||||
Repurchase Agreements (a) — 90.2% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $2,440,029 (Cost $2,440,028) |
$ |
2,440,028 |
$ |
2,440,028 |
|||||||
Total Investments —
90.2% (Cost $2,440,028) |
2,440,028 |
||||||||||
Other assets less liabilities — 9.8% |
263,836 |
||||||||||
Net Assets — 100.0% |
$ |
2,703,864 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
67,970 |
|||||
Aggregate gross unrealized depreciation |
(589,507 |
) |
|||||
Net unrealized depreciation |
$ |
(521,537 |
) |
||||
Federal income tax cost |
$ |
2,440,028 |
Swap Agreementsa
Short Oil & Gas had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(867,197 |
) |
1/6/2022 |
Bank of America NA |
0.23 |
% |
Dow Jones
U.S. Oil & GasSM Index |
(464,521 |
) |
— |
464,521 |
— |
||||||||||||||||||||||||
(560,322 |
) |
3/7/2023 |
Goldman Sachs International |
(0.17 |
)% |
Dow Jones
U.S. Oil & GasSM Index |
35,050 |
— |
— |
35,050 |
|||||||||||||||||||||||||
(156,178 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.59 |
% |
Dow Jones
U.S. Oil & GasSM Index |
(79,234) |
— |
— |
(79,234 |
) |
||||||||||||||||||||||||
(571,282 |
) |
3/7/2023 |
Societe Generale |
0.03 |
% |
Dow Jones
U.S. Oil & GasSM Index |
32,920 |
— |
— |
32,920 |
|||||||||||||||||||||||||
(547,992 |
) |
11/7/2022 |
UBS AG |
0.08 |
% |
Dow Jones
U.S. Oil & GasSM Index |
(45,752 |
) |
— |
45,752 |
— |
||||||||||||||||||||||||
(2,702,971 |
) |
(521,537 |
) |
||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
67,970 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(589,507 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
18 :: DDG SHORT OIL & GAS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 102.9% |
|||||||||||
Repurchase Agreements (a) — 11.0% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $57,415,551 (Cost $57,415,506) |
$ |
57,415,506 |
$ |
57,415,506 |
|||||||
U.S. Treasury Obligations (b) — 91.9% |
|||||||||||
U.S. Treasury Bills |
|||||||||||
0.01%, 12/2/2021 (c) |
25,000,000 |
24,999,983 |
|||||||||
0.05%, 12/23/2021 (c) |
25,000,000 |
24,997,838 |
|||||||||
0.04%, 12/30/2021 (c) |
35,000,000 |
34,997,532 |
|||||||||
0.03%, 1/13/2022 (c) |
25,000,000 |
24,999,179 |
|||||||||
0.05%, 1/27/2022 (c) |
10,000,000 |
9,999,327 |
|||||||||
0.04%, 2/3/2022 (c) |
25,000,000 |
24,998,111 |
|||||||||
0.04%, 2/10/2022 (c) |
25,000,000 |
24,997,769 |
|||||||||
0.03%, 2/17/2022 (c) |
25,000,000 |
24,997,414 |
|||||||||
0.01%, 2/24/2022 (c) |
50,000,000 |
49,994,953 |
|||||||||
0.03%, 3/10/2022 (c) |
20,000,000 |
19,997,305 |
|||||||||
0.04%, 3/17/2022 (c) |
25,000,000 |
24,996,307 |
|||||||||
0.06%, 3/24/2022 (c) |
10,000,000 |
9,998,344 |
|||||||||
0.03%, 4/21/2022 (c) |
50,000,000 |
49,986,781 |
|||||||||
0.07%, 5/19/2022 (c) |
25,000,000 |
24,990,220 |
|||||||||
0.07%, 6/16/2022 (c) |
45,000,000 |
44,977,530 |
|||||||||
0.07%, 7/14/2022 (c) |
20,000,000 |
19,986,219 |
|||||||||
0.09%, 8/11/2022 (c) |
20,000,000 |
19,981,903 |
|||||||||
0.11%, 9/8/2022 (c) |
20,000,000 |
19,974,632 |
|||||||||
Total U.S. Treasury
Obligations (Cost $479,915,255) |
479,871,347 |
||||||||||
Total Short-Term
Investments (Cost $537,330,761) |
537,286,853 |
||||||||||
Total Investments —
102.9% (Cost $537,330,761) |
537,286,853 |
||||||||||
Liabilities in excess of other assets — (2.9%) |
(14,937,480 |
) |
|||||||||
Net Assets — 100.0% |
$ |
522,349,373 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $53,975,037.
(c) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
4,435,180 |
|||||
Aggregate gross unrealized depreciation |
(23,776,735 |
) |
|||||
Net unrealized depreciation |
$ |
(19,341,555 |
) |
||||
Federal income tax cost |
$ |
537,330,761 |
Futures Contracts Sold
Short QQQ had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value
and Unrealized Depreciation |
|||||||||||||||||||
NASDAQ 100 E-Mini Index |
91 |
12/17/2021 |
USD |
$ |
29,393,910 |
$ |
(788,659 |
) |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT QQQ PSQ :: 19
Swap Agreementsa
Short QQQ had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(20,912,153 |
) |
12/6/2021 |
Bank of America NA |
(0.37 |
)% |
NASDAQ-100 Index® |
(12,703,042 |
) |
12,703,042 |
— |
— |
||||||||||||||||||||||||
(86,440,124 |
) |
5/8/2023 |
BNP Paribas SA |
(0.42 |
)% |
NASDAQ-100 Index® |
831,725 |
— |
— |
831,725 |
|||||||||||||||||||||||||
(46,810,304 |
) |
4/10/2023 |
Citibank NA |
(0.55 |
)% |
NASDAQ-100 Index® |
552,213 |
— |
— |
552,213 |
|||||||||||||||||||||||||
(79,824,396 |
) |
3/7/2023 |
Goldman
Sachs International |
(0.42 |
)% |
NASDAQ-100 Index® |
826,734 |
— |
— |
826,734 |
|||||||||||||||||||||||||
(84,084,279 |
) |
5/8/2023 |
J.P.
Morgan Securities |
(0.22 |
)% |
NASDAQ-100 Index® |
1,008,751 |
— |
— |
1,008,751 |
|||||||||||||||||||||||||
(55,846,419 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
(0.20 |
)% |
NASDAQ-100 Index® |
(10,240,721 |
) |
10,240,721 |
— |
— |
||||||||||||||||||||||||
(27,608,559 |
) |
3/7/2023 |
Societe Generale |
(0.57 |
)% |
NASDAQ-100 Index® |
199,048 |
— |
— |
199,048 |
|||||||||||||||||||||||||
(90,905,384 |
) |
3/7/2023 |
UBS AG |
(0.22 |
)% |
NASDAQ-100 Index® |
1,016,304 |
— |
— |
1,016,304 |
|||||||||||||||||||||||||
(492,431,618 |
) |
(18,508,988 |
) |
||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
4,434,775 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(22,943,763 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
20 :: PSQ SHORT QQQ :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 111.9% |
|||||||||||
Repurchase Agreements (a) — 111.9% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $9,281,302 (Cost $9,281,295) |
$ |
9,281,295 |
$ |
9,281,295 |
|||||||
Total Investments —
111.9% (Cost $9,281,295) |
9,281,295 |
||||||||||
Liabilities in excess of other assets — (11.9%) |
(990,599 |
) |
|||||||||
Net Assets — 100.0% |
$ |
8,290,696 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
95,672 |
|||||
Aggregate gross unrealized depreciation |
(1,389,121 |
) |
|||||
Net unrealized depreciation |
$ |
(1,293,449 |
) |
||||
Federal income tax cost |
$ |
9,281,295 |
Swap Agreementsa
Short Real Estate had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(693,273 |
) |
12/6/2021 |
Bank of America NA |
(0.42 |
)% |
Dow Jones U.S.
Real EstateSM Index |
(509,805 |
) |
— |
509,805 |
— |
||||||||||||||||||||||||
(1,747,130 |
) |
1/6/2022 |
BNP Paribas SA |
(0.27 |
)% |
Dow Jones
U.S. Real EstateSM Index |
(346,795 |
) |
— |
290,000 |
(56,795 |
) |
|||||||||||||||||||||||
(2,159,347 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.37 |
% |
Dow Jones U.S.
Real EstateSM Index |
(532,521 |
) |
— |
527,000 |
(5,521 |
) |
|||||||||||||||||||||||
(2,195,572 |
) |
3/7/2023 |
Societe Generale |
(0.12 |
)% |
Dow Jones
U.S. Real EstateSM Index |
57,498 |
— |
— |
57,498 |
|||||||||||||||||||||||||
(1,493,971 |
) |
3/7/2023 |
UBS AG |
0.18 |
% |
Dow Jones
U.S. Real EstateSM Index |
38,174 |
— |
— |
38,174 |
|||||||||||||||||||||||||
(8,289,293 |
) |
(1,293,449 |
) |
||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
95,672 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(1,389,121 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT REAL ESTATE REK :: 21
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 91.7% |
|||||||||||
Repurchase Agreements (a) — 25.7% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received (Cost $62,105,186) |
$ |
62,105,186 |
$ |
62,105,186 |
|||||||
U.S. Treasury Obligations (b) — 66.0% |
|||||||||||
U.S. Treasury Bills |
|||||||||||
0.05%, 12/23/2021 (c) |
25,000,000 |
24,997,838 |
|||||||||
0.05%, 12/30/2021 (c) |
25,000,000 |
24,998,238 |
|||||||||
0.03%, 1/13/2022 (c) |
25,000,000 |
24,999,179 |
|||||||||
0.05%, 1/27/2022 (c) |
20,000,000 |
19,998,654 |
|||||||||
0.03%, 3/10/2022 (c) |
10,000,000 |
9,998,653 |
|||||||||
0.04%, 3/17/2022 (c) |
25,000,000 |
24,996,307 |
|||||||||
0.07%, 8/11/2022 (c) |
30,000,000 |
29,972,855 |
|||||||||
Total U.S. Treasury
Obligations (Cost $159,978,070) |
159,961,724 |
||||||||||
Total Short-Term
Investments (Cost $222,083,256) |
222,066,910 |
||||||||||
Total Investments —
91.7% (Cost $222,083,256) |
222,066,910 |
||||||||||
Other assets less liabilities — 8.3% |
19,997,192 |
||||||||||
Net Assets — 100.0% |
$ |
242,064,102 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $20,438,958.
(c) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
18,356,435 |
|||||
Aggregate gross unrealized depreciation |
(1,010,386 |
) |
|||||
Net unrealized appreciation |
$ |
17,346,049 |
|||||
Federal income tax cost |
$ |
222,083,256 |
Futures Contracts Sold
Short Russell2000 had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
Russell 2000 E-Mini Index |
186 |
12/17/2021 |
USD |
$ |
20,434,890 |
$ |
636,450 |
See accompanying notes to the financial statements.
22 :: RWM SHORT RUSSELL2000 :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Swap Agreementsa
Short Russell2000 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(22,121,035 |
) |
11/7/2022 |
Bank of America NA |
0.13 |
% |
Russell
2000® Index |
(993,827 |
) |
873,827 |
120,000 |
— |
||||||||||||||||||||||||
(20,192,590 |
) |
5/8/2023 |
BNP Paribas SA |
0.08 |
% |
Russell
2000® Index |
2,136,725 |
(1,708,796 |
) |
— |
427,929 |
||||||||||||||||||||||||
(21,872,558 |
) |
4/10/2023 |
Citibank NA |
0.12 |
% |
Russell
2000® Index |
1,221,384 |
— |
(760,000 |
) |
461,384 |
||||||||||||||||||||||||
(61,372,528 |
) |
3/7/2023 |
Goldman
Sachs International |
(0.07 |
)% |
Russell
2000® Index |
6,749,815 |
(6,056,481 |
) |
— |
693,334 |
||||||||||||||||||||||||
(23,024,787 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.69 |
% |
Russell 2000® Index |
613,314 |
— |
(131,000 |
) |
482,314 |
||||||||||||||||||||||||
(22,072,659 |
) |
3/7/2023 |
Societe Generale |
0.28 |
% |
Russell
2000® Index |
1,414,022 |
(995,841 |
) |
— |
418,181 |
||||||||||||||||||||||||
(50,723,710 |
) |
3/7/2023 |
UBS AG |
0.43 |
% |
Russell
2000® Index |
5,584,512 |
— |
(4,520,000 |
) |
1,064,512 |
||||||||||||||||||||||||
(221,379,867 |
) |
16,725,945 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
17,719,772 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(993,827 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT RUSSELL2000 RWM :: 23
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 105.7% |
|||||||||||
Repurchase Agreements (a) — 7.3% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $97,360,322 (Cost $97,360,247) |
$ |
97,360,247 |
$ |
97,360,247 |
|||||||
U.S. Treasury Obligations (b) — 98.4% |
|||||||||||
U.S. Treasury Bills |
|||||||||||
0.02%, 12/2/2021 (c) |
50,000,000 |
49,999,965 |
|||||||||
0.04%, 12/16/2021 (c) |
50,000,000 |
49,998,568 |
|||||||||
0.05%, 12/23/2021 (c) |
50,000,000 |
49,995,677 |
|||||||||
0.04%, 12/30/2021 (c) |
125,000,000 |
124,991,188 |
|||||||||
0.03%, 1/13/2022 (c) |
50,000,000 |
49,998,358 |
|||||||||
0.05%, 1/27/2022 (c) |
85,000,000 |
84,994,280 |
|||||||||
0.04%, 2/3/2022 (c) |
60,000,000 |
59,995,466 |
|||||||||
0.03%, 2/17/2022 (c) |
50,000,000 |
49,994,827 |
|||||||||
0.03%, 2/24/2022 (c) |
45,000,000 |
44,995,458 |
|||||||||
0.03%, 3/10/2022 (c) |
75,000,000 |
74,989,894 |
|||||||||
0.04%, 3/17/2022 (c) |
50,000,000 |
49,992,615 |
|||||||||
0.04%, 3/24/2022 (c) |
60,000,000 |
59,990,065 |
|||||||||
0.03%, 4/21/2022 (c) |
175,000,000 |
174,953,733 |
|||||||||
0.07%, 5/19/2022 (c) |
50,000,000 |
49,980,440 |
|||||||||
0.07%, 6/16/2022 (c) |
80,000,000 |
79,960,053 |
|||||||||
0.07%, 7/14/2022 (c) |
85,000,000 |
84,941,429 |
|||||||||
0.07%, 8/11/2022 (c) |
125,000,000 |
124,886,896 |
|||||||||
0.11%, 9/8/2022 (c) |
50,000,000 |
49,936,580 |
|||||||||
Total U.S. Treasury
Obligations (Cost $1,314,746,348) |
1,314,595,492 |
||||||||||
Total Short-Term
Investments (Cost $1,412,106,595) |
1,411,955,739 |
||||||||||
Total Investments —
105.7% (Cost $1,412,106,595) |
1,411,955,739 |
||||||||||
Liabilities in excess of other assets — (5.7%) |
(75,557,361 |
) |
|||||||||
Net Assets — 100.0% |
$ |
1,336,398,378 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(b) All or a portion of these securities are segregated in connection with obligations for swaps with a total value of $220,236,127.
(c) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
17,867,553 |
|||||
Aggregate gross unrealized depreciation |
(163,672,334 |
) |
|||||
Net unrealized depreciation |
$ |
(145,804,781 |
) |
||||
Federal income tax cost |
$ |
1,412,106,595 |
Futures Contracts Sold
Short S&P500® had the following open short futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value and
Unrealized Depreciation |
|||||||||||||||||||
S&P 500 E-Mini Index |
353 |
12/17/2021 |
USD |
$ |
80,594,313 |
$ |
(1,864,214 |
) |
See accompanying notes to the financial statements.
24 :: SH SHORT S&P500® :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Swap Agreementsa
Short S&P500® had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
(418,396,571 |
) |
12/6/2021 |
Bank of America NA |
(0.32 |
)% |
S&P 500® |
(146,652,453 |
) |
118,647,453 |
28,005,000 |
— |
||||||||||||||||||||||||
(143,015,605 |
) |
5/8/2023 |
BNP Paribas SA |
(0.37 |
)% |
S&P 500® |
2,951,701 |
(212,846 |
) |
— |
2,738,855 |
||||||||||||||||||||||||
(144,189,324 |
) |
4/10/2023 |
Citibank NA |
(0.55 |
)% |
S&P 500® |
2,811,382 |
— |
(1,010,000 |
) |
1,801,382 |
||||||||||||||||||||||||
(195,138,776 |
) |
3/7/2023 |
Goldman
Sachs International |
(0.42 |
)% |
S&P 500® |
5,576,453 |
(1,935,198 |
) |
— |
3,641,255 |
||||||||||||||||||||||||
(91,527,247 |
) |
5/8/2023 |
J.P.
Morgan Securities |
(0.22 |
)% |
S&P 500® |
2,363,171 |
— |
(610,000 |
) |
1,753,171 |
||||||||||||||||||||||||
(111,594,645 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.08 |
% |
S&P 500® |
(15,004,008 |
) |
15,004,008 |
— |
— |
||||||||||||||||||||||||
(68,532,402 |
) |
3/7/2023 |
Societe Generale |
(0.17 |
)% |
S&P 500® |
1,796,780 |
(494,337 |
) |
— |
1,302,443 |
||||||||||||||||||||||||
(83,204,839 |
) |
3/7/2023 |
UBS AG |
(0.22 |
)% |
S&P 500® |
2,367,263 |
— |
— |
2,367,263 |
|||||||||||||||||||||||||
(1,255,599,409 |
) |
(143,789,711 |
) |
||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
17,866,750 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(161,656,461 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: SHORT S&P500® SH :: 25
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 96.8% |
|||||||||||
Repurchase Agreements (a) — 96.8% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $4,473,651 (Cost $4,473,647) |
$ |
4,473,647 |
$ |
4,473,647 |
|||||||
Total Investments —
96.8% (Cost $4,473,647) |
4,473,647 |
||||||||||
Other assets less liabilities — 3.2% |
147,542 |
||||||||||
Net Assets — 100.0% |
$ |
4,621,189 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
174,790 |
|||||
Aggregate gross unrealized depreciation |
(551,240 |
) |
|||||
Net unrealized depreciation |
$ |
(376,450 |
) |
||||
Federal income tax cost |
$ |
4,473,647 |
Swap Agreementsa
Short SmallCap600 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
(784,400 |
) |
11/7/2022 |
Bank of America NA |
(0.07 |
)% |
S&P SmallCap 600® |
(210,572 |
) |
— |
171,000 |
(39,572 |
) |
|||||||||||||||||||||||
(1,259,875 |
) |
4/10/2023 |
Citibank NA |
(0.22 |
)% |
S&P SmallCap 600® |
89,553 |
— |
— |
89,553 |
|||||||||||||||||||||||||
(592,329 |
) |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.53 |
% |
S&P SmallCap 600® |
(182,110 |
) |
— |
157,000 |
(25,110 |
) |
|||||||||||||||||||||||
(1,398,219 |
) |
3/7/2023 |
Societe Generale |
0.28 |
% |
S&P SmallCap 600® |
85,237 |
— |
— |
85,237 |
|||||||||||||||||||||||||
(585,613 |
) |
11/7/2022 |
UBS AG |
0.08 |
% |
S&P SmallCap 600® |
(158,558 |
) |
— |
117,000 |
(41,558 |
) |
|||||||||||||||||||||||
(4,620,436 |
) |
(376,450 |
) |
||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
174,790 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(551,240 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
26 :: SBB SHORT SMALLCAP600 :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
U.S. Treasury Obligations — 79.1% |
|||||||||||
U.S. Treasury Bonds |
|||||||||||
5.25%, 2/15/2029 |
$ |
76,000 |
$ |
96,413 |
|||||||
6.13%, 8/15/2029 |
71,000 |
95,911 |
|||||||||
6.25%, 5/15/2030 |
114,000 |
158,620 |
|||||||||
5.38%, 2/15/2031 |
141,000 |
190,130 |
|||||||||
U.S. Treasury Notes |
|||||||||||
2.63%, 2/15/2029 |
1,043,000 |
1,133,366 |
|||||||||
2.38%, 5/15/2029 |
856,000 |
916,589 |
|||||||||
1.63%, 8/15/2029 (a) |
790,000 |
805,615 |
|||||||||
1.75%, 11/15/2029 (a) |
589,000 |
606,440 |
|||||||||
1.50%, 2/15/2030 |
1,016,000 |
1,025,763 |
|||||||||
0.63%, 5/15/2030 |
1,397,000 |
1,311,652 |
|||||||||
0.63%, 8/15/2030 |
1,817,000 |
1,702,302 |
|||||||||
0.88%, 11/15/2030 |
1,886,000 |
1,803,782 |
|||||||||
1.13%, 2/15/2031 (a) |
1,847,000 |
1,804,000 |
|||||||||
1.63%, 5/15/2031 |
1,973,000 |
2,011,843 |
|||||||||
1.25%, 8/15/2031 |
2,028,000 |
1,996,313 |
|||||||||
1.38%, 11/15/2031 |
676,000 |
672,039 |
|||||||||
Total U.S. Treasury
Obligations (Cost $16,374,188) |
16,330,778 |
||||||||||
Shares |
|||||||||||
Securities Lending Reinvestments (b) — 8.5% |
|||||||||||
Investment Companies — 8.5% |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $1,751,062) |
1,751,062 |
1,751,062 |
|||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 18.1% |
|||||||||||
Repurchase Agreements (c) — 18.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $3,740,703 (Cost $3,740,699) |
$ |
3,740,699 |
3,740,699 |
||||||||
Total Investments —
105.7% (Cost $21,865,949) |
21,822,539 |
||||||||||
Liabilities in excess of other assets — (5.7%) |
(1,172,764 |
) |
|||||||||
Net Assets — 100.0% |
$ |
20,649,775 |
(a) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $2,690,157, collateralized in the form of cash with a value of $1,751,062 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $982,959 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 9.67%, and maturity dates ranging from February 28, 2022 - July 20, 2070. The total value of collateral is $2,734,021.
(b) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $1,751,062.
(c) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
305,035 |
|||||
Aggregate gross unrealized depreciation |
(561,299 |
) |
|||||
Net unrealized depreciation |
$ |
(256,264 |
) |
||||
Federal income tax cost |
$ |
21,872,621 |
Futures Contracts Purchased
Ultra 7-10 Year Treasury had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
U.S. Treasury 10 Year Note |
1 |
3/22/2022 |
USD |
$ |
130,797 |
$ |
451 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA 7-10 YEAR TREASURY UST :: 27
Swap Agreementsa
Ultra 7-10 Year Treasury had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
8,414,825 |
8/8/2022 |
Citibank NA |
(0.08 |
)% |
ICE U.S.
Treasury 7-10 Year Bond Index |
(286,324 |
) |
— |
286,324 |
— |
|||||||||||||||||||||||||
16,383,979 |
11/6/2023 |
Goldman Sachs International |
(0.15 |
)% |
ICE U.S.
Treasury 7-10 Year Bond Index |
79,691 |
— |
— |
79,691 |
||||||||||||||||||||||||||
24,798,804 |
(206,633 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
79,691 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(286,324 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
28 :: UST ULTRA 7-10 YEAR TREASURY :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
U.S. Treasury Obligations — 41.1% |
|||||||||||
U.S. Treasury Bonds |
|||||||||||
3.13%, 2/15/2042 |
$ |
153,200 |
$ |
187,012 |
|||||||
3.00%, 5/15/2042 |
142,600 |
171,109 |
|||||||||
2.75%, 8/15/2042 |
166,200 |
191,974 |
|||||||||
2.75%, 11/15/2042 |
243,800 |
281,799 |
|||||||||
3.13%, 2/15/2043 |
209,200 |
255,747 |
|||||||||
2.88%, 5/15/2043 |
331,400 |
390,793 |
|||||||||
3.63%, 8/15/2043 |
235,400 |
309,937 |
|||||||||
3.75%, 11/15/2043 |
241,300 |
323,945 |
|||||||||
3.63%, 2/15/2044 |
258,600 |
341,776 |
|||||||||
3.38%, 5/15/2044 |
241,700 |
309,036 |
|||||||||
3.13%, 8/15/2044 |
316,800 |
391,050 |
|||||||||
3.00%, 11/15/2044 |
290,900 |
352,966 |
|||||||||
2.50%, 2/15/2045 |
372,000 |
416,989 |
|||||||||
3.00%, 5/15/2045 |
206,900 |
252,353 |
|||||||||
2.88%, 8/15/2045 |
258,900 |
310,114 |
|||||||||
3.00%, 11/15/2045 |
141,200 |
173,014 |
|||||||||
2.50%, 2/15/2046 |
306,000 |
345,206 |
|||||||||
2.50%, 5/15/2046 |
310,800 |
350,961 |
|||||||||
2.25%, 8/15/2046 |
364,800 |
394,212 |
|||||||||
2.88%, 11/15/2046 |
181,600 |
219,750 |
|||||||||
3.00%, 2/15/2047 |
330,800 |
409,701 |
|||||||||
3.00%, 5/15/2047 |
245,500 |
304,957 |
|||||||||
2.75%, 8/15/2047 |
353,100 |
420,741 |
|||||||||
2.75%, 11/15/2047 |
367,700 |
438,683 |
|||||||||
3.00%, 2/15/2048 |
417,700 |
522,256 |
|||||||||
3.13%, 5/15/2048 |
439,500 |
562,732 |
|||||||||
3.00%, 8/15/2048 |
488,800 |
612,795 |
|||||||||
3.38%, 11/15/2048 |
486,700 |
652,748 |
|||||||||
3.00%, 2/15/2049 |
526,500 |
664,089 |
|||||||||
2.88%, 5/15/2049 |
530,100 |
655,502 |
|||||||||
2.25%, 8/15/2049 |
511,900 |
563,010 |
|||||||||
2.38%, 11/15/2049 |
454,700 |
513,669 |
|||||||||
2.00%, 2/15/2050 |
559,400 |
584,661 |
|||||||||
1.25%, 5/15/2050 |
649,300 |
568,036 |
|||||||||
1.38%, 8/15/2050 |
732,200 |
660,982 |
|||||||||
1.63%, 11/15/2050 |
727,100 |
697,448 |
|||||||||
1.88%, 2/15/2051 |
806,700 |
820,439 |
|||||||||
2.38%, 5/15/2051 |
811,000 |
920,232 |
|||||||||
2.00%, 8/15/2051 |
800,100 |
838,167 |
|||||||||
1.88%, 11/15/2051 |
273,000 |
278,417 |
|||||||||
Total U.S. Treasury
Obligations (Cost $18,656,899) |
17,659,008 |
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 49.0% |
|||||||||||
Repurchase Agreements (a) — 49.0% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $21,067,846 (Cost $21,067,831) |
$ |
21,067,831 |
$ |
21,067,831 |
|||||||
Total Investments —
90.1% (Cost $39,724,730) |
38,726,839 |
||||||||||
Other assets less liabilities — 9.9% |
4,242,578 |
||||||||||
Net Assets — 100.0% |
$ |
42,969,417 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
2,737,743 |
|||||
Aggregate gross unrealized depreciation |
(1,101,016 |
) |
|||||
Net unrealized appreciation |
$ |
1,636,727 |
|||||
Federal income tax cost |
$ |
39,733,966 |
Futures Contracts Purchased
Ultra 20+ Year Treasury had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
U.S. Treasury Long Bond |
10 |
3/22/2022 |
USD |
$ |
1,621,250 |
$ |
14,982 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA 20+ YEAR TREASURY UBT :: 29
Swap Agreementsa
Ultra 20+ Year Treasury had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying Instrument |
Value and
Unrealized Appreciationd ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
21,510,824 |
11/6/2023 |
Bank of America NA |
(0.23 |
)% |
ICE U.S. Treasury 20+ Year Bond Index |
923,780 |
(768,535 |
) |
— |
155,245 |
|||||||||||||||||||||||||
27,530,162 |
12/6/2023 |
Citibank NA |
(0.08 |
)% |
ICE U.S. Treasury 20+ Year Bond Index |
1,415,376 |
— |
(1,200,000 |
) |
215,376 |
|||||||||||||||||||||||||
18,106,536 |
11/6/2023 |
Societe Generale |
0.21 |
% |
ICE U.S. Treasury 20+ Year Bond Index |
289,716 |
— |
— |
289,716 |
||||||||||||||||||||||||||
67,147,522 |
2,628,872 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
2,628,872 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
30 :: UBT ULTRA 20+ YEAR TREASURY :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 85.9% |
|||||||||||
Chemicals — 66.7% |
|||||||||||
Air Products and Chemicals, Inc. |
15,023 |
$ |
4,318,211 |
||||||||
Albemarle Corp. |
7,937 |
2,115,131 |
|||||||||
Ashland Global Holdings, Inc. |
3,834 |
387,502 |
|||||||||
Axalta Coating Systems Ltd.* |
14,683 |
445,189 |
|||||||||
Celanese Corp. |
7,539 |
1,141,103 |
|||||||||
CF Industries Holdings, Inc. |
14,605 |
884,917 |
|||||||||
Chemours Co. (The) |
11,209 |
332,907 |
|||||||||
Corteva, Inc. |
49,830 |
2,242,350 |
|||||||||
Dow, Inc. |
50,615 |
2,780,282 |
|||||||||
DuPont de Nemours, Inc. |
35,499 |
2,625,506 |
|||||||||
Eastman Chemical Co. |
9,214 |
960,928 |
|||||||||
Ecolab, Inc. |
16,892 |
3,741,071 |
|||||||||
Element Solutions, Inc. |
14,783 |
338,087 |
|||||||||
FMC Corp. |
8,737 |
875,360 |
|||||||||
Huntsman Corp. |
14,306 |
453,357 |
|||||||||
Ingevity Corp.* |
2,681 |
192,791 |
|||||||||
International
Flavors & Fragrances, Inc. |
16,906 |
2,403,526 |
|||||||||
Linde plc |
35,049 |
11,150,489 |
|||||||||
LyondellBasell Industries NV, Class A |
17,935 |
1,562,677 |
|||||||||
Mosaic Co. (The) |
25,056 |
857,416 |
|||||||||
NewMarket Corp. |
488 |
161,675 |
|||||||||
Olin Corp. |
9,803 |
532,793 |
|||||||||
PPG Industries, Inc. |
16,110 |
2,483,679 |
|||||||||
RPM International, Inc. |
8,807 |
801,789 |
|||||||||
Scotts Miracle-Gro Co. (The) |
2,766 |
400,766 |
|||||||||
Valvoline, Inc. |
12,267 |
417,937 |
|||||||||
Westlake Chemical Corp. |
2,260 |
209,999 |
|||||||||
44,817,438 |
|||||||||||
Metals & Mining — 19.0% |
|||||||||||
Alcoa Corp. |
12,683 |
590,140 |
|||||||||
Cleveland-Cliffs, Inc.*(b) |
30,863 |
628,062 |
|||||||||
Commercial Metals Co. |
8,181 |
252,793 |
|||||||||
Freeport-McMoRan, Inc. |
99,642 |
3,694,725 |
|||||||||
MP Materials Corp.* |
5,066 |
222,600 |
|||||||||
Newmont Corp. |
54,236 |
2,978,641 |
|||||||||
Nucor Corp. |
19,939 |
2,118,718 |
|||||||||
Reliance Steel & Aluminum Co. |
4,308 |
640,298 |
|||||||||
Royal Gold, Inc. |
4,453 |
445,434 |
|||||||||
Steel Dynamics, Inc. |
13,162 |
787,088 |
|||||||||
United States Steel Corp. |
18,332 |
414,486 |
|||||||||
12,772,985 |
|||||||||||
Paper & Forest Products — 0.2% |
|||||||||||
Sylvamo Corp.* |
2,406 |
72,854 |
|||||||||
Total Common
Stocks (Cost $58,638,474) |
57,663,277 |
Investments |
Shares |
Value |
|||||||||
Securities Lending Reinvestments (c) — 0.6% |
|||||||||||
Investment Companies — 0.6% |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $433,569) |
433,569 |
$ |
433,569 |
||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 18.1% |
|||||||||||
Repurchase Agreements (d) — 18.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $12,186,290 (Cost $12,186,281) |
$ |
12,186,281 |
12,186,281 |
||||||||
Total Investments —
104.6% (Cost $71,258,324) |
70,283,127 |
||||||||||
Liabilities in excess of other assets — (4.6%) |
(3,079,357 |
) |
|||||||||
Net Assets — 100.0% |
$ |
67,203,770 |
* 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 $23,755,002.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $410,378, collateralized in the form of cash with a value of $433,569 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $433,569.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
2,664,102 |
|||||
Aggregate gross unrealized depreciation |
(8,482,604 |
) |
|||||
Net unrealized depreciation |
$ |
(5,818,502 |
) |
||||
Federal income tax cost |
$ |
71,703,035 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA BASIC MATERIALS UYM :: 31
Swap Agreementsa
Ultra Basic Materials had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
17,840,781 |
5/8/2023 |
Bank of America NA |
0.42 |
% |
Dow Jones
U.S. Basic MaterialsSM Index |
(672,614 |
) |
58,614 |
614,000 |
— |
|||||||||||||||||||||||||
9,561,837 |
4/10/2023 |
Citibank NA |
0.37 |
% |
Dow Jones
U.S. Basic MaterialsSM Index |
(364,917 |
) |
259,435 |
105,482 |
— |
|||||||||||||||||||||||||
18,662,876 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
Dow Jones
U.S. Basic MaterialsSM Index |
(1,148,685 |
) |
419,341 |
729,344 |
— |
|||||||||||||||||||||||||
112,273 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.18 |
% |
Dow Jones
U.S. Basic MaterialsSM Index |
14,814 |
— |
(8,000 |
) |
6,814 |
|||||||||||||||||||||||||
16,031,641 |
3/7/2023 |
Societe Generale |
0.62 |
% |
Dow Jones
U.S. Basic MaterialsSM Index |
(986,922 |
) |
975,624 |
11,298 |
— |
|||||||||||||||||||||||||
14,378,938 |
3/7/2023 |
UBS AG |
0.42 |
% |
Dow Jones
U.S. Basic MaterialsSM Index |
(1,240,270 |
) |
1,085,748 |
154,522 |
— |
|||||||||||||||||||||||||
76,588,346 |
(4,398,594 |
) |
|||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
14,814 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(4,413,408 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
32 :: UYM ULTRA BASIC MATERIALS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 75.5% |
|||||||||||
Auto Components — 2.0% |
|||||||||||
Aptiv plc* |
900 |
$ |
144,315 |
||||||||
Autoliv, Inc. |
262 |
25,254 |
|||||||||
BorgWarner, Inc. |
801 |
34,667 |
|||||||||
Fox Factory Holding Corp.* |
141 |
24,784 |
|||||||||
Gentex Corp. |
799 |
27,510 |
|||||||||
Lear Corp. |
200 |
33,558 |
|||||||||
Luminar Technologies, Inc.* |
720 |
11,736 |
|||||||||
QuantumScape Corp.* |
774 |
22,322 |
|||||||||
324,146 |
|||||||||||
Automobiles — 22.6% |
|||||||||||
Ford Motor Co. |
13,041 |
250,257 |
|||||||||
General Motors Co.* |
4,827 |
279,338 |
|||||||||
Harley-Davidson, Inc. |
514 |
18,828 |
|||||||||
Rivian Automotive, Inc., Class A* |
513 |
61,437 |
|||||||||
Tesla, Inc.* |
2,695 |
3,085,128 |
|||||||||
Thor Industries, Inc. |
183 |
19,345 |
|||||||||
3,714,333 |
|||||||||||
Beverages — 11.0% |
|||||||||||
Boston Beer Co., Inc. (The), Class A* |
31 |
13,986 |
|||||||||
Brown-Forman Corp., Class B |
609 |
42,849 |
|||||||||
Coca-Cola Co. (The) |
12,910 |
677,130 |
|||||||||
Constellation Brands, Inc., Class A |
559 |
125,959 |
|||||||||
Keurig Dr Pepper, Inc. |
2,452 |
83,344 |
|||||||||
Molson Coors Beverage Co., Class B |
629 |
27,953 |
|||||||||
Monster Beverage Corp.* |
1,248 |
104,557 |
|||||||||
National Beverage Corp. |
80 |
4,155 |
|||||||||
PepsiCo, Inc. |
4,593 |
733,870 |
|||||||||
1,813,803 |
|||||||||||
Distributors — 0.8% |
|||||||||||
Genuine Parts Co. |
477 |
60,932 |
|||||||||
Pool Corp. |
132 |
73,144 |
|||||||||
134,076 |
|||||||||||
Entertainment — 2.3% |
|||||||||||
Activision Blizzard, Inc. |
2,585 |
151,481 |
|||||||||
Electronic Arts, Inc. |
945 |
117,388 |
|||||||||
Playtika Holding Corp.* |
345 |
5,934 |
|||||||||
ROBLOX Corp., Class A* |
137 |
17,276 |
|||||||||
Take-Two Interactive Software, Inc.* |
386 |
64,030 |
|||||||||
Zynga, Inc., Class A* |
3,415 |
20,592 |
|||||||||
376,701 |
|||||||||||
Food & Staples Retailing — 0.2% |
|||||||||||
Performance Food Group Co.* |
514 |
20,719 |
|||||||||
US Foods Holding Corp.* |
742 |
23,314 |
|||||||||
44,033 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Food Products — 7.7% |
|||||||||||
Archer-Daniels-Midland Co. |
1,861 |
$ |
115,773 |
||||||||
Beyond Meat, Inc.*(b) |
201 |
14,122 |
|||||||||
Bunge Ltd. |
471 |
40,774 |
|||||||||
Campbell Soup Co. |
679 |
27,384 |
|||||||||
Conagra Brands, Inc. |
1,600 |
48,880 |
|||||||||
Darling Ingredients, Inc.* |
540 |
36,461 |
|||||||||
Flowers Foods, Inc. |
665 |
17,170 |
|||||||||
Freshpet, Inc.* |
145 |
15,663 |
|||||||||
General Mills, Inc. |
2,016 |
124,528 |
|||||||||
Hain Celestial Group, Inc. (The)* |
314 |
12,381 |
|||||||||
Hershey Co. (The) |
483 |
85,728 |
|||||||||
Hormel Foods Corp. |
939 |
38,874 |
|||||||||
Ingredion, Inc. |
223 |
20,768 |
|||||||||
J M Smucker Co. (The) |
359 |
45,403 |
|||||||||
Kellogg Co. |
851 |
52,064 |
|||||||||
Kraft Heinz Co. (The) |
2,358 |
79,252 |
|||||||||
Lamb Weston Holdings, Inc. |
486 |
25,233 |
|||||||||
Lancaster Colony Corp. |
68 |
9,942 |
|||||||||
McCormick & Co., Inc. (Non-Voting) |
830 |
71,231 |
|||||||||
Mondelez International, Inc., Class A |
4,648 |
273,953 |
|||||||||
Pilgrim's Pride Corp.* |
164 |
4,605 |
|||||||||
Post Holdings, Inc.* |
196 |
18,934 |
|||||||||
Seaboard Corp. |
1 |
3,890 |
|||||||||
Tyson Foods, Inc., Class A |
981 |
77,460 |
|||||||||
1,260,473 |
|||||||||||
Household Durables — 3.2% |
|||||||||||
Cricut, Inc., Class A*(b) |
84 |
2,097 |
|||||||||
DR Horton, Inc. |
1,084 |
105,907 |
|||||||||
Helen of Troy Ltd.* |
79 |
19,000 |
|||||||||
Leggett & Platt, Inc. |
446 |
18,014 |
|||||||||
Lennar Corp., Class A |
914 |
96,016 |
|||||||||
Lennar Corp., Class B |
51 |
4,375 |
|||||||||
Mohawk Industries, Inc.* |
184 |
30,888 |
|||||||||
Newell Brands, Inc. |
1,262 |
27,095 |
|||||||||
NVR, Inc.* |
10 |
52,253 |
|||||||||
PulteGroup, Inc. |
865 |
43,276 |
|||||||||
Tempur Sealy International, Inc. |
655 |
28,060 |
|||||||||
Toll Brothers, Inc. |
389 |
24,690 |
|||||||||
TopBuild Corp.* |
109 |
29,407 |
|||||||||
Whirlpool Corp. |
208 |
45,290 |
|||||||||
526,368 |
|||||||||||
Household Products — 10.2% |
|||||||||||
Church & Dwight Co., Inc. |
817 |
73,023 |
|||||||||
Clorox Co. (The) |
408 |
66,443 |
|||||||||
Colgate-Palmolive Co. |
2,804 |
210,356 |
|||||||||
Energizer Holdings, Inc. |
211 |
7,847 |
|||||||||
Kimberly-Clark Corp. |
1,119 |
145,817 |
|||||||||
Procter & Gamble Co. (The) |
8,064 |
1,165,893 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA CONSUMER GOODSUGE :: 33
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Reynolds Consumer
Products, Inc. (b) |
184 |
$ |
5,369 |
||||||||
1,674,748 |
|||||||||||
Leisure Products — 1.2% |
|||||||||||
Brunswick Corp. |
257 |
24,135 |
|||||||||
Callaway Golf Co.* |
392 |
10,568 |
|||||||||
Hasbro, Inc. |
430 |
41,671 |
|||||||||
Mattel, Inc.* |
1,162 |
24,646 |
|||||||||
Peloton Interactive, Inc., Class A* |
992 |
43,648 |
|||||||||
Polaris, Inc. |
189 |
21,128 |
|||||||||
YETI Holdings, Inc.* |
293 |
27,003 |
|||||||||
192,799 |
|||||||||||
Machinery — 0.6% |
|||||||||||
Stanley Black & Decker, Inc. |
541 |
94,545 |
|||||||||
Personal Products — 1.7% |
|||||||||||
Coty, Inc., Class A* |
1,116 |
10,859 |
|||||||||
Estee Lauder Cos., Inc. (The), Class A |
772 |
256,358 |
|||||||||
Herbalife Nutrition Ltd.* |
339 |
12,665 |
|||||||||
279,882 |
|||||||||||
Textiles, Apparel & Luxury Goods — 7.7% |
|||||||||||
Capri Holdings Ltd.* |
507 |
30,025 |
|||||||||
Carter's, Inc. |
148 |
14,952 |
|||||||||
Columbia Sportswear Co. |
117 |
11,411 |
|||||||||
Crocs, Inc.* |
207 |
33,952 |
|||||||||
Deckers Outdoor Corp.* |
93 |
37,702 |
|||||||||
Hanesbrands, Inc. |
1,163 |
18,782 |
|||||||||
Levi Strauss & Co., Class A |
307 |
7,850 |
|||||||||
Lululemon Athletica, Inc.* |
393 |
178,583 |
|||||||||
NIKE, Inc., Class B |
4,246 |
718,593 |
|||||||||
PVH Corp. |
239 |
25,520 |
|||||||||
Ralph Lauren Corp. |
162 |
18,799 |
|||||||||
Skechers USA, Inc., Class A* |
451 |
20,259 |
|||||||||
Tapestry, Inc. |
930 |
37,312 |
|||||||||
Under Armour, Inc., Class A* |
630 |
14,862 |
|||||||||
Under Armour, Inc., Class C* |
695 |
13,949 |
|||||||||
VF Corp. |
1,085 |
77,827 |
|||||||||
1,260,378 |
|||||||||||
Tobacco — 4.3% |
|||||||||||
Altria Group, Inc. |
6,132 |
261,469 |
|||||||||
Philip Morris International, Inc. |
5,179 |
445,083 |
|||||||||
706,552 |
|||||||||||
Total Common
Stocks (Cost $12,152,056) |
12,402,837 |
Investments |
Shares |
Value |
|||||||||
Securities Lending Reinvestments (c) — 0.1% |
|||||||||||
Investment Companies — 0.1% |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $13,409) |
13,409 |
$ |
13,409 |
||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 21.1% |
|||||||||||
Repurchase Agreements (d) — 21.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $3,460,354 (Cost $3,460,350) |
$ |
3,460,350 |
3,460,350 |
||||||||
Total Investments —
96.7% (Cost $15,625,815) |
15,876,596 |
||||||||||
Other assets less liabilities — 3.3% |
539,933 |
||||||||||
Net Assets — 100.0% |
$ |
16,416,529 |
* 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 $4,155,937.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $14,303, collateralized in the form of cash with a value of $13,409 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $1,930 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 4.38%, and maturity dates ranging from December 30, 2021 - August 15, 2050. The total value of collateral is $15,339.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $13,409.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
2,416,672 |
|||||
Aggregate gross unrealized depreciation |
(1,480,021 |
) |
|||||
Net unrealized appreciation |
$ |
936,651 |
|||||
Federal income tax cost |
$ |
15,641,296 |
See accompanying notes to the financial statements.
34 :: UGE ULTRA CONSUMER GOODS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Swap Agreementsa
Ultra Consumer Goods had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional
Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
4,061,583 |
5/8/2023 |
Bank of America NA |
0.32 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
(222,004 |
) |
222,004 |
— |
— |
|||||||||||||||||||||||||
6,074,342 |
11/7/2022 |
Citibank NA |
0.37 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
1,179,845 |
— |
(1,179,845 |
) |
— |
|||||||||||||||||||||||||
673,357 |
11/6/2023 |
Credit Suisse International |
0.62 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
(6,672 |
) |
— |
6,672 |
— |
|||||||||||||||||||||||||
2,912,494 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
(98,899 |
) |
80,372 |
18,527 |
— |
|||||||||||||||||||||||||
720,804 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.67 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
99,460 |
— |
(31,000 |
) |
68,460 |
|||||||||||||||||||||||||
4,840,696 |
3/7/2023 |
Societe Generale |
0.62 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
(211,614 |
) |
94,190 |
1,804 |
(115,620 |
) |
||||||||||||||||||||||||
1,150,864 |
3/7/2023 |
UBS AG |
0.42 |
% |
Dow Jones
U.S. Consumer GoodsSM Index |
(38,765 |
) |
— |
38,765 |
— |
|||||||||||||||||||||||||
20,434,140 |
701,351 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
1,279,305 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(577,954 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA CONSUMER GOODSUGE :: 35
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 81.2% |
|||||||||||
Airlines — 1.2% |
|||||||||||
Alaska Air Group, Inc.* |
629 |
$ |
30,551 |
||||||||
American Airlines Group, Inc.* |
3,258 |
57,634 |
|||||||||
Delta Air Lines, Inc.* |
3,218 |
116,492 |
|||||||||
JetBlue Airways Corp.* |
1,601 |
21,485 |
|||||||||
Southwest Airlines Co.* |
2,976 |
132,134 |
|||||||||
United Airlines Holdings, Inc.* |
1,627 |
68,757 |
|||||||||
427,053 |
|||||||||||
Commercial Services & Supplies — 0.6% |
|||||||||||
Copart, Inc.* |
1,071 |
155,466 |
|||||||||
IAA, Inc.*(b) |
677 |
32,699 |
|||||||||
Rollins, Inc. |
1,139 |
37,906 |
|||||||||
226,071 |
|||||||||||
Distributors — 0.2% |
|||||||||||
LKQ Corp. |
1,360 |
76,024 |
|||||||||
Diversified Consumer Services — 0.5% |
|||||||||||
Bright Horizons Family Solutions, Inc.* |
305 |
37,500 |
|||||||||
Chegg, Inc.* |
714 |
19,885 |
|||||||||
Frontdoor, Inc.* |
432 |
14,930 |
|||||||||
Grand Canyon Education, Inc.* |
227 |
16,450 |
|||||||||
H&R Block, Inc. |
897 |
21,241 |
|||||||||
Service Corp. International |
843 |
55,773 |
|||||||||
Terminix Global Holdings, Inc.* |
628 |
23,437 |
|||||||||
189,216 |
|||||||||||
Entertainment — 8.9% |
|||||||||||
AMC Entertainment
Holdings, Inc., Class A*(b) |
2,583 |
87,667 |
|||||||||
Endeavor Group
Holdings, Inc., Class A* |
105 |
2,953 |
|||||||||
Liberty Media
Corp.-Liberty Formula One, Class A* |
118 |
6,798 |
|||||||||
Liberty Media
Corp.-Liberty Formula One, Class C* |
1,024 |
62,382 |
|||||||||
Live Nation Entertainment, Inc.* |
664 |
70,816 |
|||||||||
Madison Square
Garden Sports Corp.* |
87 |
14,987 |
|||||||||
Netflix, Inc.* |
2,226 |
1,428,869 |
|||||||||
Roku, Inc.* |
585 |
133,152 |
|||||||||
Walt Disney Co. (The)* |
9,139 |
1,324,241 |
|||||||||
Warner Music Group Corp., Class A |
488 |
21,145 |
|||||||||
World Wrestling
Entertainment, Inc., Class A (b) |
225 |
11,106 |
|||||||||
3,164,116 |
|||||||||||
Food & Staples Retailing — 7.9% |
|||||||||||
Albertsons Cos., Inc., Class A (b) |
493 |
17,349 |
|||||||||
BJ's Wholesale Club Holdings, Inc.* |
690 |
45,643 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Casey's General Stores, Inc. |
187 |
$ |
36,332 |
||||||||
Costco Wholesale Corp. |
2,224 |
1,199,581 |
|||||||||
Kroger Co. (The) |
3,420 |
142,033 |
|||||||||
Sprouts Farmers Market, Inc.* |
576 |
15,241 |
|||||||||
Sysco Corp. |
2,573 |
180,213 |
|||||||||
Walgreens Boots Alliance, Inc. |
3,611 |
161,773 |
|||||||||
Walmart, Inc. |
7,187 |
1,010,708 |
|||||||||
2,808,873 |
|||||||||||
Health Care Providers & Services — 0.4% |
|||||||||||
AmerisourceBergen Corp. |
753 |
87,160 |
|||||||||
Cardinal Health, Inc. |
1,459 |
67,449 |
|||||||||
154,609 |
|||||||||||
Hotels, Restaurants & Leisure — 12.3% |
|||||||||||
Airbnb, Inc., Class A* |
1,692 |
291,938 |
|||||||||
Aramark |
1,283 |
42,852 |
|||||||||
Booking Holdings, Inc.* |
207 |
435,083 |
|||||||||
Boyd Gaming Corp.* |
412 |
24,147 |
|||||||||
Caesars Entertainment, Inc.* |
1,073 |
96,645 |
|||||||||
Carnival Corp.*(b) |
4,019 |
70,815 |
|||||||||
Chipotle Mexican Grill, Inc.* |
142 |
233,364 |
|||||||||
Choice Hotels International, Inc. |
165 |
23,686 |
|||||||||
Churchill Downs, Inc. |
174 |
39,014 |
|||||||||
Cracker Barrel Old Country Store, Inc. |
119 |
14,520 |
|||||||||
Darden Restaurants, Inc. |
656 |
90,495 |
|||||||||
Domino's Pizza, Inc. |
186 |
97,490 |
|||||||||
DraftKings, Inc., Class A*(b) |
1,665 |
57,526 |
|||||||||
Expedia Group, Inc.* |
730 |
117,596 |
|||||||||
Hilton Worldwide Holdings, Inc.* |
1,403 |
189,503 |
|||||||||
Hyatt Hotels Corp., Class A* |
241 |
18,984 |
|||||||||
Las Vegas Sands Corp.* |
1,729 |
61,587 |
|||||||||
Marriott International, Inc., Class A* |
1,376 |
203,042 |
|||||||||
Marriott Vacations Worldwide Corp. |
214 |
32,667 |
|||||||||
McDonald's Corp. |
3,756 |
918,718 |
|||||||||
MGM Resorts International |
2,012 |
79,635 |
|||||||||
Norwegian Cruise
Line Holdings Ltd.* |
1,862 |
36,328 |
|||||||||
Penn National Gaming, Inc.* |
835 |
42,777 |
|||||||||
Planet Fitness, Inc., Class A* |
417 |
34,065 |
|||||||||
Royal Caribbean Cruises Ltd.* |
1,127 |
78,687 |
|||||||||
Scientific Games Corp.* |
485 |
31,001 |
|||||||||
Starbucks Corp. |
5,930 |
650,165 |
|||||||||
Texas Roadhouse, Inc. |
350 |
29,029 |
|||||||||
Vail Resorts, Inc. |
203 |
67,337 |
|||||||||
Wendy's Co. (The) |
898 |
18,481 |
|||||||||
Wyndham Hotels & Resorts, Inc. |
470 |
37,356 |
|||||||||
Wynn Resorts Ltd.*(b) |
528 |
42,773 |
|||||||||
Yum! Brands, Inc. |
1,487 |
182,663 |
|||||||||
4,389,969 |
See accompanying notes to the financial statements.
36 :: UCC ULTRA CONSUMER SERVICES :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Interactive Media & Services — 0.5% |
|||||||||||
Pinterest, Inc., Class A* |
2,792 |
$ |
111,847 |
||||||||
TripAdvisor, Inc.* |
495 |
12,801 |
|||||||||
ZoomInfo Technologies, Inc., Class A* |
913 |
56,332 |
|||||||||
180,980 |
|||||||||||
Internet & Direct Marketing Retail — 21.8% |
|||||||||||
Amazon.com, Inc.* |
2,191 |
7,683,990 |
|||||||||
ContextLogic, Inc., Class A*(b) |
1,627 |
6,069 |
|||||||||
Qurate Retail, Inc., Series A |
1,846 |
14,768 |
|||||||||
Stitch Fix, Inc., Class A* |
362 |
9,014 |
|||||||||
Wayfair, Inc., Class A*(b) |
390 |
96,658 |
|||||||||
7,810,499 |
|||||||||||
IT Services — 0.1% |
|||||||||||
LiveRamp Holdings, Inc.* |
342 |
16,050 |
|||||||||
Media — 6.7% |
|||||||||||
Altice USA, Inc., Class A* |
1,149 |
18,200 |
|||||||||
Cable One, Inc. |
24 |
42,529 |
|||||||||
Charter
Communications, Inc., Class A*(b) |
639 |
412,973 |
|||||||||
Comcast Corp., Class A |
23,037 |
1,151,389 |
|||||||||
Discovery, Inc., Class A*(b) |
852 |
19,826 |
|||||||||
Discovery, Inc., Class C* |
1,529 |
34,724 |
|||||||||
DISH Network Corp., Class A* |
1,253 |
39,156 |
|||||||||
Fox Corp., Class A |
1,626 |
58,064 |
|||||||||
Fox Corp., Class B |
747 |
25,099 |
|||||||||
Interpublic Group of Cos., Inc. (The) |
1,979 |
65,683 |
|||||||||
Liberty Broadband Corp., Class A* |
123 |
18,644 |
|||||||||
Liberty Broadband Corp., Class C* |
729 |
112,886 |
|||||||||
Liberty Media
Corp.-Liberty SiriusXM, Class A* |
396 |
19,325 |
|||||||||
Liberty Media
Corp.-Liberty SiriusXM, Class C* |
803 |
39,291 |
|||||||||
New York Times Co. (The), Class A |
841 |
39,948 |
|||||||||
News Corp., Class A |
1,968 |
42,548 |
|||||||||
News Corp., Class B |
614 |
13,232 |
|||||||||
Nexstar Media Group, Inc., Class A |
210 |
31,395 |
|||||||||
Omnicom Group, Inc. |
1,079 |
72,627 |
|||||||||
Sirius XM Holdings, Inc. (b) |
4,685 |
28,579 |
|||||||||
TEGNA, Inc. |
1,113 |
21,982 |
|||||||||
ViacomCBS, Inc. |
3,048 |
94,336 |
|||||||||
ViacomCBS, Inc., Class A |
45 |
1,501 |
|||||||||
2,403,937 |
|||||||||||
Multiline Retail — 3.0% |
|||||||||||
Dollar General Corp. |
1,187 |
262,683 |
|||||||||
Dollar Tree, Inc.* |
1,167 |
156,180 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Kohl's Corp. |
785 |
$ |
40,215 |
||||||||
Ollie's Bargain
Outlet Holdings, Inc.*(b) |
304 |
18,815 |
|||||||||
Target Corp. |
2,489 |
606,918 |
|||||||||
1,084,811 |
|||||||||||
Professional Services — 0.7% |
|||||||||||
IHS Markit Ltd. |
2,005 |
256,279 |
|||||||||
Road & Rail — 1.1% |
|||||||||||
AMERCO |
49 |
34,523 |
|||||||||
Lyft, Inc., Class A* |
1,462 |
59,372 |
|||||||||
Uber Technologies, Inc.* |
8,150 |
309,700 |
|||||||||
403,595 |
|||||||||||
Specialty Retail — 15.3% |
|||||||||||
Advance Auto Parts, Inc. |
328 |
72,396 |
|||||||||
American Eagle Outfitters, Inc. |
769 |
19,909 |
|||||||||
AutoNation, Inc.* |
219 |
27,123 |
|||||||||
AutoZone, Inc.* |
108 |
196,244 |
|||||||||
Bath & Body Works, Inc. |
1,332 |
100,073 |
|||||||||
Best Buy Co., Inc. |
1,133 |
121,072 |
|||||||||
Burlington Stores, Inc.* |
335 |
98,199 |
|||||||||
CarMax, Inc.* |
819 |
115,684 |
|||||||||
Carvana Co.* |
424 |
118,898 |
|||||||||
Dick's Sporting Goods, Inc. (b) |
330 |
38,795 |
|||||||||
Five Below, Inc.* |
283 |
57,573 |
|||||||||
Floor & Decor Holdings, Inc., Class A* |
528 |
68,064 |
|||||||||
Foot Locker, Inc. |
453 |
20,675 |
|||||||||
GameStop Corp., Class A* |
312 |
61,218 |
|||||||||
Gap, Inc. (The) |
1,084 |
17,919 |
|||||||||
Home Depot, Inc. (The) |
5,347 |
2,142,062 |
|||||||||
Lithia Motors, Inc. |
153 |
44,573 |
|||||||||
Lowe's Cos., Inc. |
3,555 |
869,517 |
|||||||||
Murphy USA, Inc. |
119 |
20,626 |
|||||||||
National Vision Holdings, Inc.*(b) |
410 |
19,696 |
|||||||||
O'Reilly Automotive, Inc.* |
346 |
220,803 |
|||||||||
Penske Automotive Group, Inc. |
158 |
15,740 |
|||||||||
Petco Health & Wellness Co., Inc.*(b) |
411 |
7,879 |
|||||||||
RH* |
87 |
50,737 |
|||||||||
Ross Stores, Inc. |
1,796 |
195,926 |
|||||||||
TJX Cos., Inc. (The) |
6,067 |
421,050 |
|||||||||
Tractor Supply Co. |
575 |
129,565 |
|||||||||
Ulta Beauty, Inc.* |
275 |
105,586 |
|||||||||
Victoria's Secret & Co.* |
377 |
20,464 |
|||||||||
Williams-Sonoma, Inc. |
377 |
73,455 |
|||||||||
5,471,521 |
|||||||||||
Total Common
Stocks (Cost $29,526,850) |
29,063,603 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA CONSUMER SERVICESUCC :: 37
Investments |
Shares |
Value |
|||||||||
Securities Lending Reinvestments (c) — 0.4% |
|||||||||||
Investment Companies — 0.4% |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $133,228) |
133,228 |
$ |
133,228 |
||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 18.6% |
|||||||||||
Repurchase Agreements (d) — 18.6% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $6,670,120 (Cost $6,670,113) |
$ |
6,670,113 |
6,670,113 |
||||||||
Total Investments —
100.2% (Cost $36,330,191) |
35,866,944 |
||||||||||
Liabilities in excess of other assets — (0.2%) |
(76,070 |
) |
|||||||||
Net Assets — 100.0% |
$ |
35,790,874 |
* 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 $9,635,584.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at
November 30, 2021 was $381,751, collateralized in the form of cash with a value of $133,228 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $284,931 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - May 15, 2051. The total value of collateral is $418,159.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $133,228.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
2,475,383 |
|||||
Aggregate gross unrealized depreciation |
(3,859,042 |
) |
|||||
Net unrealized depreciation |
$ |
(1,383,659 |
) |
||||
Federal income tax cost |
$ |
36,433,373 |
Swap Agreementsa
Ultra Consumer Services had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional
Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
14,353,920 |
5/8/2023 |
Bank of America NA |
0.37 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
(505,783 |
) |
155,764 |
350,019 |
— |
|||||||||||||||||||||||||
543,611 |
1/6/2022 |
BNP Paribas SA |
0.57 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
(269,450 |
) |
259,348 |
10,102 |
— |
|||||||||||||||||||||||||
8,034,442 |
11/7/2022 |
Citibank NA |
0.37 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
887,155 |
— |
(887,155 |
) |
— |
|||||||||||||||||||||||||
13,609,691 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
(631,711 |
) |
522,403 |
109,308 |
— |
|||||||||||||||||||||||||
1,567,735 |
11/6/2023 |
Morgan Stanley & Co. International plc |
0.77 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
(22,708 |
) |
— |
22,708 |
— |
|||||||||||||||||||||||||
3,091,788 |
3/7/2023 |
Societe Generale |
0.62 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
(218,569 |
) |
53,384 |
20,290 |
(144,895 |
) |
See accompanying notes to the financial statements.
38 :: UCC ULTRA CONSUMER SERVICES :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Notional
Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
1,297,548 |
3/7/2023 |
UBS AG |
0.42 |
% |
Dow Jones
U.S. Consumer ServicesSM Index |
(56,164 |
) |
45,365 |
10,799 |
— |
|||||||||||||||||||||||||
42,498,735 |
(817,230 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
887,155 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(1,704,385 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA CONSUMER SERVICESUCC :: 39
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 84.3% |
|||||||||||
Aerospace & Defense — 3.2% |
|||||||||||
Boeing Co. (The)* |
74,979 |
$ |
14,834,595 |
||||||||
Banks — 2.6% |
|||||||||||
JPMorgan Chase & Co. |
74,983 |
11,909,550 |
|||||||||
Beverages — 0.8% |
|||||||||||
Coca-Cola Co. (The) |
74,981 |
3,932,753 |
|||||||||
Biotechnology — 3.2% |
|||||||||||
Amgen, Inc. |
74,979 |
14,911,824 |
|||||||||
Capital Markets — 6.1% |
|||||||||||
Goldman Sachs Group, Inc. (The) |
74,979 |
28,566,249 |
|||||||||
Chemicals — 0.9% |
|||||||||||
Dow, Inc. |
74,976 |
4,118,432 |
|||||||||
Communications Equipment — 0.9% |
|||||||||||
Cisco Systems, Inc. |
74,980 |
4,111,903 |
|||||||||
Consumer Finance — 2.5% |
|||||||||||
American Express Co. |
74,983 |
11,419,911 |
|||||||||
Diversified Telecommunication Services — 0.8% |
|||||||||||
Verizon Communications, Inc. |
74,979 |
3,769,194 |
|||||||||
Entertainment — 2.3% |
|||||||||||
Walt Disney Co. (The)* |
74,975 |
10,863,878 |
|||||||||
Food & Staples Retailing — 3.0% |
|||||||||||
Walgreens Boots Alliance, Inc. |
74,985 |
3,359,328 |
|||||||||
Walmart, Inc. |
74,980 |
10,544,437 |
|||||||||
13,903,765 |
|||||||||||
Health Care Providers & Services — 7.2% |
|||||||||||
UnitedHealth Group, Inc. |
74,979 |
33,307,171 |
|||||||||
Hotels, Restaurants & Leisure — 3.9% |
|||||||||||
McDonald's Corp. |
74,979 |
18,339,863 |
|||||||||
Household Products — 2.3% |
|||||||||||
Procter & Gamble Co. (The) |
74,977 |
10,840,175 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Industrial Conglomerates — 6.0% |
|||||||||||
3M Co. |
74,978 |
$ |
12,749,259 |
||||||||
Honeywell International, Inc. |
74,981 |
15,164,158 |
|||||||||
27,913,417 |
|||||||||||
Insurance — 2.4% |
|||||||||||
Travelers Cos., Inc. (The) |
74,982 |
11,018,605 |
|||||||||
IT Services — 5.0% |
|||||||||||
International Business Machines Corp. |
74,979 |
8,780,041 |
|||||||||
Visa, Inc., Class A |
74,979 |
14,528,681 |
|||||||||
23,308,722 |
|||||||||||
Machinery — 3.1% |
|||||||||||
Caterpillar, Inc. |
74,985 |
14,498,350 |
|||||||||
Oil, Gas & Consumable Fuels — 1.8% |
|||||||||||
Chevron Corp. |
74,978 |
8,462,767 |
|||||||||
Pharmaceuticals — 3.7% |
|||||||||||
Johnson & Johnson |
74,979 |
11,691,475 |
|||||||||
Merck & Co., Inc. |
74,978 |
5,616,602 |
|||||||||
17,308,077 |
|||||||||||
Semiconductors & Semiconductor Equipment — 0.8% |
|||||||||||
Intel Corp. |
74,974 |
3,688,721 |
|||||||||
Software — 9.9% |
|||||||||||
Microsoft Corp. |
74,979 |
24,787,307 |
|||||||||
salesforce.com, Inc.* |
74,978 |
21,365,731 |
|||||||||
46,153,038 |
|||||||||||
Specialty Retail — 6.5% |
|||||||||||
Home Depot, Inc. (The) |
74,979 |
30,037,337 |
|||||||||
Technology Hardware, Storage & Peripherals — 2.7% |
|||||||||||
Apple, Inc. |
74,980 |
12,394,194 |
|||||||||
Textiles, Apparel & Luxury Goods — 2.7% |
|||||||||||
NIKE, Inc., Class B |
74,978 |
12,689,277 |
|||||||||
Total Common
Stocks (Cost $388,753,390) |
392,301,768 |
See accompanying notes to the financial statements.
40 :: DDM ULTRA DOW30SM :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 24.7% |
|||||||||||
Repurchase Agreements (b) — 24.7% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $115,026,280 (Cost $115,026,190) |
$ |
115,026,190 |
$ |
115,026,190 |
|||||||
Total Investments —
109.0% (Cost $503,779,580) |
507,327,958 |
||||||||||
Liabilities in excess of other assets — (9.0%) |
(41,890,834 |
) |
|||||||||
Net Assets — 100.0% |
$ |
465,437,124 |
* 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 $79,558,735.
(b) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
30,766,421 |
|||||
Aggregate gross unrealized depreciation |
(47,486,912 |
) |
|||||
Net unrealized depreciation |
$ |
(16,720,491 |
) |
||||
Federal income tax cost |
$ |
503,815,262 |
Futures Contracts Purchased
Ultra Dow30SM had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
DJIA CBOT E-Mini Index |
226 |
12/17/2021 |
USD |
$ |
38,936,410 |
$ |
28,315 |
Swap Agreementsa
Ultra Dow30SM had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
104,106,351 |
5/8/2023 |
Bank of America NA |
0.47 |
% |
Dow
Jones Industrial AverageSM |
(5,624,356 |
) |
5,417,241 |
207,115 |
— |
|||||||||||||||||||||||||
96,830,286 |
5/8/2023 |
BNP Paribas SA |
0.67 |
% |
Dow
Jones Industrial AverageSM |
(4,882,333 |
) |
4,746,391 |
135,942 |
— |
|||||||||||||||||||||||||
33,276,790 |
11/7/2022 |
Citibank NA |
0.73 |
% |
Dow
Jones Industrial AverageSM |
3,071,432 |
— |
(3,071,432 |
) |
— |
|||||||||||||||||||||||||
64,829,393 |
4/10/2023 |
Credit Suisse International |
0.67 |
% |
Dow
Jones Industrial AverageSM |
(3,540,075 |
) |
298,431 |
3,241,644 |
— |
|||||||||||||||||||||||||
98,334,771 |
11/6/2023 |
Morgan Stanley & Co. International plc |
0.55 |
% |
SPDR® Dow Jones Industrial AverageSM ETF Trust |
(4,425,594 |
) |
4,421,869 |
3,725 |
— |
|||||||||||||||||||||||||
28,655,971 |
3/7/2023 |
Societe Generale |
0.47 |
% |
Dow
Jones Industrial AverageSM |
(1,500,443 |
) |
1,455,918 |
44,525 |
— |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA DOW30SMDDM :: 41
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
73,795,161 |
3/7/2023 |
UBS AG |
0.57 |
% |
Dow
Jones Industrial AverageSM |
(3,360,133 |
) |
3,211,454 |
148,679 |
— |
|||||||||||||||||||||||||
499,828,723 |
(20,261,502 |
) |
|||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
3,071,432 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(23,332,934 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
42 :: DDM ULTRA DOW30SM :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 66.9% |
|||||||||||||||
Aflac, Inc. (Insurance) |
0.3 |
% |
50,571 |
$ |
2,737,914 |
||||||||||
American Express Co.
(Consumer Finance) |
0.9 |
% |
52,743 |
8,032,759 |
|||||||||||
American
International Group, Inc. (Insurance) |
0.4 |
% |
70,098 |
3,687,155 |
|||||||||||
American Tower Corp.
(Equity Real Estate Investment Trusts (REITs)) |
1.1 |
% |
37,296 |
9,789,454 |
|||||||||||
Ameriprise
Financial, Inc. (Capital Markets) |
0.3 |
% |
9,306 |
2,695,018 |
|||||||||||
Aon plc, Class A (Insurance) |
0.6 |
% |
18,482 |
5,466,421 |
|||||||||||
Arthur J Gallagher
& Co. (Insurance) |
0.3 |
% |
16,935 |
2,758,712 |
|||||||||||
AvalonBay
Communities, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.3 |
% |
11,430 |
2,730,284 |
|||||||||||
Bank of America Corp. (Banks) |
3.3 |
% |
637,626 |
28,355,228 |
|||||||||||
Bank of New York
Mellon Corp. (The) (Capital Markets) |
0.4 |
% |
65,079 |
3,565,678 |
|||||||||||
Berkshire Hathaway,
Inc., Class B* (Diversified Financial Services) |
4.9 |
% |
151,953 |
42,043,875 |
|||||||||||
BlackRock, Inc.
(Capital Markets) |
1.2 |
% |
11,738 |
10,618,312 |
|||||||||||
Blackstone, Inc.
(Capital Markets) |
0.9 |
% |
56,209 |
7,950,763 |
|||||||||||
Capital One
Financial Corp. (Consumer Finance) |
0.6 |
% |
36,548 |
5,136,091 |
|||||||||||
Charles Schwab Corp.
(The) (Capital Markets) |
1.1 |
% |
123,058 |
9,523,459 |
|||||||||||
Chubb Ltd. (Insurance) |
0.8 |
% |
35,971 |
6,455,715 |
|||||||||||
Citigroup, Inc. (Banks) |
1.2 |
% |
166,149 |
10,583,691 |
|||||||||||
CME Group, Inc.
(Capital Markets) |
0.8 |
% |
29,450 |
6,494,314 |
|||||||||||
Crown Castle
International Corp. (Equity Real Estate Investment Trusts (REITs)) |
0.8 |
% |
35,431 |
6,436,041 |
|||||||||||
Digital Realty
Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.5 |
% |
23,159 |
3,884,691 |
|||||||||||
Equinix, Inc.
(Equity Real Estate Investment Trusts (REITs)) |
0.7 |
% |
7,338 |
5,959,924 |
|||||||||||
First Republic Bank (Banks) |
0.4 |
% |
14,436 |
3,026,652 |
|||||||||||
Goldman Sachs Group,
Inc. (The) (Capital Markets) |
1.2 |
% |
27,636 |
10,529,040 |
|||||||||||
Intercontinental
Exchange, Inc. (Capital Markets) |
0.7 |
% |
46,149 |
6,032,597 |
|||||||||||
JPMorgan Chase & Co. (Banks) |
4.5 |
% |
244,961 |
38,907,156 |
|||||||||||
KKR & Co., Inc.
(Capital Markets) |
0.4 |
% |
47,786 |
3,557,668 |
|||||||||||
Marsh & McLennan
Cos., Inc. (Insurance) |
0.8 |
% |
41,513 |
6,808,962 |
|||||||||||
Mastercard, Inc.,
Class A (IT Services) |
2.6 |
% |
71,420 |
22,491,587 |
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
MetLife, Inc. (Insurance) |
0.4 |
% |
59,711 |
$ |
3,502,647 |
||||||||||
Moody's Corp.
(Capital Markets) |
0.6 |
% |
13,280 |
5,187,699 |
|||||||||||
Morgan Stanley
(Capital Markets) |
1.3 |
% |
119,636 |
11,343,886 |
|||||||||||
MSCI, Inc. (Capital Markets) |
0.5 |
% |
6,765 |
4,258,229 |
|||||||||||
PNC Financial
Services Group, Inc. (The) (Banks) |
0.8 |
% |
34,825 |
6,860,525 |
|||||||||||
Progressive Corp.
(The) (Insurance) |
0.5 |
% |
47,960 |
4,457,402 |
|||||||||||
Prologis, Inc.
(Equity Real Estate Investment Trusts (REITs)) |
1.1 |
% |
60,608 |
9,136,656 |
|||||||||||
Prudential
Financial, Inc. (Insurance) |
0.4 |
% |
31,712 |
3,242,869 |
|||||||||||
Public Storage
(Equity Real Estate Investment Trusts (REITs)) |
0.5 |
% |
12,477 |
4,084,720 |
|||||||||||
Realty Income Corp.
(Equity Real Estate Investment Trusts (REITs)) |
0.4 |
% |
45,059 |
3,060,407 |
|||||||||||
S&P Global, Inc.
(Capital Markets) |
1.1 |
% |
19,737 |
8,994,743 |
|||||||||||
SBA Communications
Corp. (Equity Real Estate Investment Trusts (REITs)) |
0.4 |
% |
8,964 |
3,081,823 |
|||||||||||
Simon Property
Group, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.5 |
% |
26,942 |
4,117,815 |
|||||||||||
State Street Corp.
(Capital Markets) |
0.3 |
% |
29,983 |
2,667,588 |
|||||||||||
SVB Financial Group* (Banks) |
0.4 |
% |
4,815 |
3,333,569 |
|||||||||||
T. Rowe Price Group,
Inc. (Capital Markets) |
0.4 |
% |
18,604 |
3,719,870 |
|||||||||||
Travelers Cos., Inc.
(The) (Insurance) |
0.4 |
% |
20,476 |
3,008,948 |
|||||||||||
Truist Financial Corp. (Banks) |
0.8 |
% |
109,390 |
6,487,921 |
|||||||||||
US Bancorp (Banks) |
0.7 |
% |
110,550 |
6,117,837 |
|||||||||||
Visa, Inc., Class A (IT Services) |
3.2 |
% |
138,352 |
26,808,467 |
|||||||||||
Wells Fargo & Co. (Banks) |
1.9 |
% |
336,609 |
16,083,178 |
|||||||||||
Welltower, Inc.
(Equity Real Estate Investment Trusts (REITs)) |
0.3 |
% |
34,619 |
2,756,365 |
|||||||||||
Other Common Stocks (b) |
18.0 |
% |
3,075,498 |
154,529,843 |
|||||||||||
Total Common Stocks
(Cost $593,699,395) |
573,102,168 |
||||||||||||||
Securities Lending Reinvestments (c) — 0.0% (d) |
|||||||||||||||
Investment Companies — 0.0% (d) |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $125,687) |
0.0 |
% |
125,687 |
125,687 |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA FINANCIALSUYG :: 43
Principal
Amount |
Value |
||||||||||
Short-Term Investments — 19.9% |
|||||||||||
Repurchase Agreements (e) — 19.9% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $170,115,370 (Cost $170,115,236) |
$ |
170,115,236 |
$ |
170,115,236 |
|||||||
Total Investments —
86.8% (Cost $763,940,318) |
743,343,091 |
||||||||||
Other assets less liabilities — 13.2% |
112,969,262 |
||||||||||
Net Assets — 100.0% |
$ |
856,312,353 |
* 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 $231,331,935.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $2,202,416, collateralized in the form of cash with a value of $125,687 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $2,354,892 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging
from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - November 15, 2050. The total value of collateral is $2,480,579.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $125,687.
(d) Represents less than 0.05% of net assets.
(e) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
144,678,314 |
|||||
Aggregate gross unrealized depreciation |
(58,317,355 |
) |
|||||
Net unrealized appreciation |
$ |
86,360,959 |
|||||
Federal income tax cost |
$ |
764,280,407 |
Swap Agreementsa
Ultra Financials had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
157,043,449 |
11/7/2022 |
Bank of America NA |
0.62 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
51,191,220 |
(51,191,220 |
) |
— |
— |
|||||||||||||||||||||||||
145,878,805 |
11/7/2022 |
BNP Paribas SA |
0.67 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
22,518,529 |
(22,518,520 |
) |
(9 |
) |
— |
||||||||||||||||||||||||
163,074,951 |
11/6/2023 |
Citibank NA |
0.77 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
25,681,508 |
— |
(25,681,508 |
) |
— |
|||||||||||||||||||||||||
92,426,736 |
4/10/2023 |
Credit
Suisse International |
0.62 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
(5,465,491 |
) |
5,422,806 |
42,685 |
— |
|||||||||||||||||||||||||
104,793,274 |
3/7/2023 |
Goldman Sachs
International |
0.67 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
(6,200,158 |
) |
6,110,486 |
89,672 |
— |
|||||||||||||||||||||||||
127,422,832 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.14 |
% |
Dow Jones U.S. FinancialsSM Indexf |
9,381,841 |
— |
(9,381,841 |
) |
— |
|||||||||||||||||||||||||
201,170,841 |
3/7/2023 |
Societe Generale |
0.82 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
(11,672,368 |
) |
11,469,723 |
202,645 |
— |
|||||||||||||||||||||||||
147,229,202 |
11/7/2022 |
UBS AG |
0.72 |
% |
Dow Jones
U.S. FinancialsSM Indexf |
21,863,194 |
— |
(21,863,194 |
) |
— |
|||||||||||||||||||||||||
1,139,040,090 |
107,298,275 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
130,636,292 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(23,338,017 |
) |
See accompanying notes to the financial statements.
44 :: UYG ULTRA FINANCIALS :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f See the Common Stocks section of the preceding Summary Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.
Ultra Financials invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Banks |
17.0 |
% |
|||||
Capital Markets |
13.8 |
% |
|||||
Consumer Finance |
2.5 |
% |
|||||
Diversified Financial Services |
5.1 |
% |
|||||
Equity Real Estate Investment Trusts (REITs) |
12.9 |
% |
|||||
Insurance |
8.2 |
% |
|||||
IT Services |
5.8 |
% |
|||||
Mortgage Real Estate Investment Trusts (REITs) |
0.4 |
% |
|||||
Professional Services |
0.3 |
% |
|||||
Real Estate Management & Development |
0.7 |
% |
|||||
Thrifts & Mortgage Finance |
0.2 |
% |
|||||
Othera |
33.1 |
% |
|||||
100.0 |
% |
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA FINANCIALSUYG :: 45
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 65.2% |
|||||||||||
Repurchase Agreements (a) — 65.2% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $10,585,246 (Cost $10,585,239) |
$ |
10,585,239 |
$ |
10,585,239 |
|||||||
Total Investments —
65.2% (Cost $10,585,239) |
10,585,239 |
||||||||||
Other assets less liabilities — 34.8% |
5,643,395 |
||||||||||
Net Assets — 100.0% |
$ |
16,228,634 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
— |
|||||
Aggregate gross unrealized depreciation |
(6,374,872 |
) |
|||||
Net unrealized depreciation |
$ |
(6,374,872 |
) |
||||
Federal income tax cost |
$ |
10,585,239 |
Swap Agreementsa,f
Ultra FTSE China 50 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional
Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
13,320,985 |
11/9/2022 |
Bank of America NA |
0.27 |
% |
iShares®
China Large-Cap ETF |
(5,665,497 |
) |
— |
5,665,497 |
— |
|||||||||||||||||||||||||
804 |
4/10/2023 |
Citibank NA |
(0.68 |
)% |
iShares®
China Large-Cap ETF |
(26 |
) |
— |
26 |
— |
|||||||||||||||||||||||||
4,903,497 |
3/7/2023 |
Goldman
Sachs International |
0.37 |
% |
iShares®
China Large-Cap ETF |
(227,292 |
) |
— |
227,292 |
— |
|||||||||||||||||||||||||
85,984 |
4/10/2023 |
Morgan Stanley & Co. International plc |
0.02 |
% |
iShares® China Large-Cap ETF |
(2,861 |
) |
— |
2,861 |
— |
|||||||||||||||||||||||||
9,373,877 |
3/7/2023 |
Societe Generale |
(0.28 |
)% |
iShares®
China Large-Cap ETF |
(324,520 |
) |
— |
134,000 |
(190,520 |
) |
||||||||||||||||||||||||
4,742,788 |
3/7/2023 |
UBS AG |
(0.93 |
)% |
iShares®
China Large-Cap ETF |
(154,676 |
) |
— |
154,676 |
— |
|||||||||||||||||||||||||
32,427,935 |
(6,374,872 |
) |
|||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(6,374,872 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
See accompanying notes to the financial statements.
46 :: XPP ULTRA FTSE CHINA 50 :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA FTSE CHINA 50 XPP :: 47
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 84.3% |
|||||||||||
Repurchase Agreements (a) — 84.3% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $4,068,479 (Cost $4,068,474) |
$ |
4,068,474 |
$ |
4,068,474 |
|||||||
Total Investments —
84.3% (Cost $4,068,474) |
4,068,474 |
||||||||||
Other assets less liabilities — 15.7% |
755,461 |
||||||||||
Net Assets — 100.0% |
$ |
4,823,935 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
— |
|||||
Aggregate gross unrealized depreciation |
(518,506 |
) |
|||||
Net unrealized depreciation |
$ |
(518,506 |
) |
||||
Federal income tax cost |
$ |
4,068,474 |
Swap Agreementsa,f
Ultra FTSE Europe had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional
Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
2,555,009 |
11/9/2022 |
Bank of America NA |
0.37 |
% |
Vanguard® FTSE
Europe ETF Shares |
(19,490 |
) |
— |
19,490 |
— |
|||||||||||||||||||||||||
128,113 |
4/10/2023 |
Citibank NA |
0.27 |
% |
Vanguard® FTSE
Europe ETF Shares |
(8,622 |
) |
— |
8,622 |
— |
|||||||||||||||||||||||||
1,288,817 |
3/7/2023 |
Goldman Sachs
International |
(0.08 |
)% |
Vanguard® FTSE
Europe ETF Shares |
(95,567 |
) |
— |
95,567 |
— |
|||||||||||||||||||||||||
23,060 |
11/9/2023 |
Morgan Stanley & Co. International plc |
0.42 |
% |
Vanguard® FTSE Europe ETF Shares |
(1,374 |
) |
— |
— |
(1,374 |
) |
||||||||||||||||||||||||
3,812,643 |
3/7/2023 |
Societe Generale |
0.12 |
% |
Vanguard® FTSE
Europe ETF Shares |
(266,947 |
) |
— |
266,947 |
— |
|||||||||||||||||||||||||
1,824,329 |
3/7/2023 |
UBS AG |
0.07 |
% |
Vanguard® FTSE
Europe ETF Shares |
(126,506 |
) |
— |
126,506 |
— |
|||||||||||||||||||||||||
9,631,971 |
(518,506 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(518,506 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
48 :: UPV ULTRA FTSE EUROPE :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 82.8% |
|||||||||||
Biotechnology — 14.1% |
|||||||||||
AbbVie, Inc. |
40,043 |
$ |
4,616,157 |
||||||||
ACADIA Pharmaceuticals, Inc.* |
2,651 |
50,899 |
|||||||||
Agios Pharmaceuticals, Inc.*(b) |
1,336 |
47,588 |
|||||||||
Alkermes plc* |
3,651 |
80,030 |
|||||||||
Allogene Therapeutics, Inc.* |
1,674 |
30,952 |
|||||||||
Alnylam Pharmaceuticals, Inc.* |
2,694 |
495,157 |
|||||||||
Amgen, Inc. |
12,864 |
2,558,392 |
|||||||||
Arrowhead Pharmaceuticals, Inc.* |
2,359 |
165,248 |
|||||||||
Beam Therapeutics, Inc.* |
992 |
78,517 |
|||||||||
Biogen, Inc.* |
3,376 |
795,858 |
|||||||||
Biohaven
Pharmaceutical Holding Co. Ltd.* |
1,315 |
147,596 |
|||||||||
BioMarin Pharmaceutical, Inc.* |
4,150 |
358,103 |
|||||||||
Blueprint Medicines Corp.* |
1,325 |
127,465 |
|||||||||
Bridgebio Pharma, Inc.* |
2,476 |
100,278 |
|||||||||
Denali Therapeutics, Inc.* |
2,096 |
96,961 |
|||||||||
Emergent BioSolutions, Inc.* |
1,080 |
47,650 |
|||||||||
Exact Sciences Corp.* |
3,899 |
332,858 |
|||||||||
Exelixis, Inc.* |
7,135 |
119,797 |
|||||||||
Fate Therapeutics, Inc.* |
1,831 |
100,723 |
|||||||||
Gilead Sciences, Inc. |
28,407 |
1,958,095 |
|||||||||
Halozyme Therapeutics, Inc.* |
3,225 |
106,038 |
|||||||||
Horizon Therapeutics plc* |
5,119 |
531,147 |
|||||||||
Incyte Corp.* |
4,250 |
287,810 |
|||||||||
Intellia Therapeutics, Inc.*(b) |
1,551 |
178,381 |
|||||||||
Invitae Corp.*(b) |
4,533 |
77,061 |
|||||||||
Ionis Pharmaceuticals, Inc.* |
3,201 |
84,826 |
|||||||||
Mirati Therapeutics, Inc.* |
1,123 |
153,593 |
|||||||||
Moderna, Inc.* |
7,958 |
2,804,638 |
|||||||||
Natera, Inc.* |
1,973 |
180,451 |
|||||||||
Neurocrine Biosciences, Inc.* |
2,145 |
178,571 |
|||||||||
Novavax, Inc.*(b) |
1,688 |
352,167 |
|||||||||
Regeneron Pharmaceuticals, Inc.* |
2,382 |
1,516,214 |
|||||||||
Sarepta Therapeutics, Inc.* |
1,949 |
157,499 |
|||||||||
Seagen, Inc.* |
3,006 |
480,960 |
|||||||||
Twist Bioscience Corp.* |
1,110 |
106,005 |
|||||||||
Ultragenyx Pharmaceutical, Inc.* |
1,537 |
115,629 |
|||||||||
United Therapeutics Corp.* |
1,022 |
193,669 |
|||||||||
Vertex Pharmaceuticals, Inc.* |
5,880 |
1,099,207 |
|||||||||
Vir Biotechnology, Inc.* |
1,659 |
78,670 |
|||||||||
20,990,860 |
|||||||||||
Health Care Equipment & Supplies — 18.4% |
|||||||||||
Abbott Laboratories |
40,159 |
5,050,797 |
|||||||||
ABIOMED, Inc.* |
1,024 |
322,335 |
|||||||||
Align Technology, Inc.* |
1,659 |
1,014,528 |
|||||||||
Baxter International, Inc. |
11,327 |
844,654 |
|||||||||
Becton Dickinson and Co. |
6,506 |
1,542,833 |
|||||||||
Boston Scientific Corp.* |
32,251 |
1,227,796 |
|||||||||
Cooper Cos., Inc. (The) |
1,120 |
421,646 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
DENTSPLY SIRONA, Inc. |
4,950 |
$ |
241,263 |
||||||||
Dexcom, Inc.* |
2,192 |
1,233,197 |
|||||||||
Edwards Lifesciences Corp.* |
14,115 |
1,514,681 |
|||||||||
Envista Holdings Corp.* |
3,652 |
141,698 |
|||||||||
Globus Medical, Inc., Class A* |
1,771 |
110,900 |
|||||||||
Haemonetics Corp.* |
1,156 |
59,245 |
|||||||||
Hill-Rom Holdings, Inc. |
1,492 |
232,006 |
|||||||||
Hologic, Inc.* |
5,740 |
428,950 |
|||||||||
ICU Medical, Inc.* |
451 |
102,021 |
|||||||||
IDEXX Laboratories, Inc.* |
1,924 |
1,169,927 |
|||||||||
Insulet Corp.* |
1,562 |
450,543 |
|||||||||
Integra LifeSciences Holdings Corp.* |
1,650 |
105,518 |
|||||||||
Intuitive Surgical, Inc.* |
8,089 |
2,623,586 |
|||||||||
Masimo Corp.* |
1,147 |
319,004 |
|||||||||
Medtronic plc |
30,446 |
3,248,588 |
|||||||||
Neogen Corp.* |
2,437 |
97,797 |
|||||||||
Novocure Ltd.* |
2,018 |
188,966 |
|||||||||
NuVasive, Inc.* |
1,168 |
56,134 |
|||||||||
Penumbra, Inc.* |
776 |
190,624 |
|||||||||
Quidel Corp.*(b) |
862 |
127,197 |
|||||||||
ResMed, Inc. |
3,298 |
840,495 |
|||||||||
Shockwave Medical, Inc.* |
797 |
143,651 |
|||||||||
STAAR Surgical Co.* |
1,071 |
101,948 |
|||||||||
STERIS plc |
2,256 |
493,004 |
|||||||||
Stryker Corp. |
7,603 |
1,799,098 |
|||||||||
Tandem Diabetes Care, Inc.* |
1,427 |
183,398 |
|||||||||
Teleflex, Inc. |
1,063 |
316,157 |
|||||||||
Zimmer Biomet Holdings, Inc. |
4,733 |
566,067 |
|||||||||
27,510,252 |
|||||||||||
Health Care Providers & Services — 15.8% |
|||||||||||
1Life Healthcare, Inc.* |
2,621 |
41,753 |
|||||||||
Acadia Healthcare Co., Inc.* |
2,035 |
114,306 |
|||||||||
agilon health, Inc.* |
1,067 |
23,474 |
|||||||||
Amedisys, Inc.* |
739 |
103,201 |
|||||||||
Anthem, Inc. |
5,525 |
2,244,421 |
|||||||||
Centene Corp.* |
13,209 |
943,255 |
|||||||||
Chemed Corp. |
357 |
166,180 |
|||||||||
Cigna Corp. |
7,705 |
1,478,589 |
|||||||||
Covetrus, Inc.* |
2,337 |
42,019 |
|||||||||
CVS Health Corp. |
29,893 |
2,662,271 |
|||||||||
DaVita, Inc.* |
1,516 |
143,262 |
|||||||||
Encompass Health Corp. |
2,257 |
130,048 |
|||||||||
Guardant Health, Inc.* |
2,296 |
241,356 |
|||||||||
HCA Healthcare, Inc. |
5,581 |
1,259,018 |
|||||||||
HealthEquity, Inc.*(b) |
1,889 |
103,290 |
|||||||||
Henry Schein, Inc.* |
3,163 |
224,763 |
|||||||||
Humana, Inc. |
2,909 |
1,220,936 |
|||||||||
Laboratory Corp. of
America Holdings* |
2,191 |
625,158 |
|||||||||
LHC Group, Inc.* |
720 |
82,598 |
|||||||||
McKesson Corp. |
3,500 |
758,660 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA HEALTH CARE RXL :: 49
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Molina Healthcare, Inc.* |
1,320 |
$ |
376,438 |
||||||||
Oak Street Health, Inc.*(b) |
3,164 |
97,926 |
|||||||||
Premier, Inc., Class A |
2,768 |
102,610 |
|||||||||
Quest Diagnostics, Inc. |
2,765 |
411,100 |
|||||||||
R1 RCM, Inc.* |
3,033 |
72,246 |
|||||||||
Signify Health, Inc., Class A* |
532 |
7,230 |
|||||||||
Tenet Healthcare Corp.* |
2,424 |
176,637 |
|||||||||
UnitedHealth Group, Inc. |
21,363 |
9,489,872 |
|||||||||
Universal Health
Services, Inc., Class B |
1,715 |
203,622 |
|||||||||
23,546,239 |
|||||||||||
Health Care Technology — 0.3% |
|||||||||||
American Well Corp., Class A* |
4,069 |
26,448 |
|||||||||
GoodRx Holdings, Inc., Class A*(b) |
1,454 |
58,044 |
|||||||||
Teladoc Health, Inc.* |
3,604 |
364,905 |
|||||||||
449,397 |
|||||||||||
Life Sciences Tools & Services — 12.8% |
|||||||||||
10X Genomics, Inc., Class A* |
2,055 |
314,025 |
|||||||||
Agilent Technologies, Inc. |
6,869 |
1,036,532 |
|||||||||
Avantor, Inc.* |
13,228 |
522,241 |
|||||||||
Berkeley Lights, Inc.* |
937 |
19,555 |
|||||||||
Bio-Rad Laboratories, Inc., Class A* |
486 |
366,055 |
|||||||||
Bio-Techne Corp. |
878 |
414,442 |
|||||||||
Bruker Corp. |
2,294 |
185,791 |
|||||||||
Charles River
Laboratories International, Inc.* |
1,140 |
417,092 |
|||||||||
Danaher Corp. |
14,392 |
4,629,043 |
|||||||||
Illumina, Inc.* |
3,324 |
1,214,357 |
|||||||||
IQVIA Holdings, Inc.* |
4,343 |
1,125,402 |
|||||||||
Maravai LifeSciences
Holdings, Inc., Class A* |
2,471 |
113,518 |
|||||||||
Medpace Holdings, Inc.* |
651 |
135,024 |
|||||||||
Mettler-Toledo International, Inc.* |
520 |
787,348 |
|||||||||
NeoGenomics, Inc.* |
2,783 |
95,346 |
|||||||||
Pacific Biosciences of California, Inc.* |
4,506 |
104,584 |
|||||||||
PPD, Inc.* |
2,704 |
127,358 |
|||||||||
Repligen Corp.* |
1,161 |
332,626 |
|||||||||
Sotera Health Co.* |
2,244 |
47,887 |
|||||||||
Syneos Health, Inc.* |
2,344 |
227,743 |
|||||||||
Thermo Fisher Scientific, Inc. |
8,907 |
5,636,617 |
|||||||||
Waters Corp.* |
1,391 |
456,345 |
|||||||||
West Pharmaceutical Services, Inc. |
1,674 |
741,013 |
|||||||||
19,049,944 |
|||||||||||
Pharmaceuticals — 21.4% |
|||||||||||
Bristol-Myers Squibb Co. |
50,337 |
2,699,573 |
|||||||||
Catalent, Inc.* |
3,858 |
496,370 |
|||||||||
Elanco Animal Health, Inc.* |
10,714 |
307,920 |
|||||||||
Eli Lilly & Co. |
17,989 |
4,461,992 |
|||||||||
Jazz Pharmaceuticals plc* |
1,385 |
166,020 |
|||||||||
Johnson & Johnson |
59,635 |
9,298,885 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Merck & Co., Inc. |
57,345 |
$ |
4,295,714 |
||||||||
Nektar Therapeutics* |
4,165 |
46,898 |
|||||||||
Organon & Co. |
5,741 |
167,809 |
|||||||||
Perrigo Co. plc |
3,029 |
111,195 |
|||||||||
Pfizer, Inc. |
127,042 |
6,825,967 |
|||||||||
Royalty Pharma plc, Class A |
8,026 |
319,194 |
|||||||||
Viatris, Inc. |
27,394 |
337,220 |
|||||||||
Zoetis, Inc. |
10,739 |
2,384,488 |
|||||||||
31,919,245 |
|||||||||||
Total Common
Stocks (Cost $131,913,715) |
123,465,937 |
||||||||||
Securities Lending Reinvestments (c) — 0.0% (d) |
|||||||||||
Investment Companies — 0.0% (d) |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $21,238) |
21,238 |
21,238 |
|||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 20.5% |
|||||||||||
Repurchase Agreements (e) — 20.5% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $30,525,186 (Cost $30,525,162) |
$ |
30,525,162 |
30,525,162 |
||||||||
Total Investments —
103.3% (Cost $162,460,115) |
154,012,337 |
||||||||||
Liabilities in excess of other assets — (3.3%) |
(4,880,013 |
) |
|||||||||
Net Assets — 100.0% |
$ |
149,132,324 |
* 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 $46,639,996.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $702,623, collateralized in the form of cash with a value of $21,238 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $700,483 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - November 15, 2050. The total value of collateral is $721,721.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $21,238.
(d) Represents less than 0.05% of net assets.
(e) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
See accompanying notes to the financial statements.
50 :: RXL ULTRA HEALTH CARE :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
3,618,446 |
|||||
Aggregate gross unrealized depreciation |
(19,980,182 |
) |
|||||
Net unrealized depreciation |
$ |
(16,361,736 |
) |
||||
Federal income tax cost |
$ |
162,644,309 |
Swap Agreementsa
Ultra Health Care had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
14,064,606 |
1/6/2022 |
Bank of America NA |
0.52 |
% |
Dow Jones U.S.
Health CareSM Indexf |
(1,046,567 |
) |
1,046,567 |
— |
— |
|||||||||||||||||||||||||
34,144,103 |
4/10/2023 |
Citibank NA |
0.37 |
% |
Dow Jones U.S.
Health CareSM Indexf |
(1,503,255 |
) |
1,473,721 |
29,534 |
— |
|||||||||||||||||||||||||
39,510,581 |
3/7/2023 |
Goldman Sachs
International |
0.67 |
% |
Dow Jones U.S.
Health CareSM Indexf |
(1,546,356 |
) |
— |
1,546,356 |
— |
|||||||||||||||||||||||||
503,374 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.87 |
% |
Dow Jones U.S.
Health CareSM Indexf |
54,022 |
— |
(54,022 |
) |
— |
|||||||||||||||||||||||||
54,348,733 |
3/7/2023 |
Societe
Generale |
0.72 |
% |
Dow Jones U.S.
Health CareSM Indexf |
(2,455,903 |
) |
2,453,374 |
2,529 |
— |
|||||||||||||||||||||||||
31,957,129 |
11/6/2023 |
UBS AG |
0.42 |
% |
Dow Jones U.S.
Health CareSM Indexf |
(1,231,705 |
) |
1,221,424 |
10,281 |
— |
|||||||||||||||||||||||||
174,528,526 |
(7,729,764 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
54,022 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(7,783,786 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA HEALTH CARE RXL :: 51
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 95.5% |
|||||||||||
Repurchase Agreements (a) — 95.5% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $18,047,249 (Cost $18,047,233) |
$ |
18,047,233 |
$ |
18,047,233 |
|||||||
Total Investments —
95.5% (Cost $18,047,233) |
18,047,233 |
||||||||||
Other assets less liabilities — 4.5% |
855,656 |
||||||||||
Net Assets — 100.0% |
$ |
18,902,889 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
— |
|||||
Aggregate gross unrealized depreciation |
(876,327 |
) |
|||||
Net unrealized depreciation |
$ |
(876,327 |
) |
||||
Federal income tax cost |
$ |
18,047,233 |
Swap Agreementsa,f
Ultra High Yield had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
7,060,026 |
4/10/2023 |
Citibank NA |
(0.18 |
)% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
(264,415 |
) |
— |
264,415 |
— |
|||||||||||||||||||||||||
7,663,288 |
4/10/2023 |
Credit Suisse International |
0.57 |
% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
(159,365 |
) |
— |
159,365 |
— |
|||||||||||||||||||||||||
10,672,840 |
3/7/2023 |
Goldman Sachs International |
(0.68 |
)% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
(193,666 |
) |
— |
193,666 |
— |
|||||||||||||||||||||||||
12,420,104 |
11/7/2022 |
UBS AG |
(0.43 |
)% |
iShares® iBoxx $
High Yield Corporate Bond ETF |
(258,881 |
) |
— |
258,881 |
— |
|||||||||||||||||||||||||
37,816,258 |
(876,327 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(876,327 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation and final settlement of these swap transactions as of the time the Fund calculates its NAV, which differs from the time the Fund's underlying index is calculated, one or more exchange-traded financial products are used as the reference entity, as a surrogate for the respective underlying index.
See accompanying notes to the financial statements.
52 :: UJB ULTRA HIGH YIELD :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 79.5% |
|||||||||||||||
3M Co. (Industrial
Conglomerates) |
1.6 |
% |
2,639 |
$ |
448,735 |
||||||||||
Accenture plc, Class
A (IT Services) |
3.7 |
% |
2,891 |
1,033,242 |
|||||||||||
AMETEK, Inc.
(Electrical Equipment) |
0.5 |
% |
1,052 |
143,598 |
|||||||||||
Amphenol Corp.,
Class A (Electronic Equipment, Instruments & Components) |
0.8 |
% |
2,729 |
219,903 |
|||||||||||
Automatic Data
Processing, Inc. (IT Services) |
1.6 |
% |
1,930 |
445,618 |
|||||||||||
Ball Corp.
(Containers & Packaging) |
0.5 |
% |
1,490 |
139,241 |
|||||||||||
Boeing Co. (The)*
(Aerospace & Defense) |
1.7 |
% |
2,511 |
496,801 |
|||||||||||
Carrier Global Corp.
(Building Products) |
0.8 |
% |
3,957 |
214,153 |
|||||||||||
Caterpillar, Inc. (Machinery) |
1.7 |
% |
2,493 |
482,022 |
|||||||||||
Cintas Corp.
(Commercial Services & Supplies) |
0.6 |
% |
396 |
167,187 |
|||||||||||
CSX Corp. (Road & Rail) |
1.3 |
% |
10,281 |
356,340 |
|||||||||||
Cummins, Inc. (Machinery) |
0.5 |
% |
655 |
137,386 |
|||||||||||
Deere & Co. (Machinery) |
1.6 |
% |
1,292 |
446,438 |
|||||||||||
Eaton Corp. plc
(Electrical Equipment) |
1.0 |
% |
1,815 |
294,139 |
|||||||||||
Emerson Electric Co.
(Electrical Equipment) |
0.8 |
% |
2,727 |
239,540 |
|||||||||||
Equifax, Inc.
(Professional Services) |
0.5 |
% |
554 |
154,372 |
|||||||||||
Fastenal Co.
(Trading Companies & Distributors) |
0.5 |
% |
2,619 |
154,966 |
|||||||||||
FedEx Corp. (Air
Freight & Logistics) |
0.9 |
% |
1,121 |
258,245 |
|||||||||||
Fidelity National
Information Services, Inc. (IT Services) |
1.0 |
% |
2,817 |
294,376 |
|||||||||||
Fiserv, Inc.* (IT Services) |
0.9 |
% |
2,718 |
262,341 |
|||||||||||
General Dynamics
Corp. (Aerospace & Defense) |
0.7 |
% |
1,057 |
199,741 |
|||||||||||
General Electric Co.
(Industrial Conglomerates) |
1.7 |
% |
5,001 |
475,045 |
|||||||||||
Global Payments,
Inc. (IT Services) |
0.6 |
% |
1,342 |
159,752 |
|||||||||||
Honeywell
International, Inc. (Industrial Conglomerates) |
2.2 |
% |
3,145 |
636,045 |
|||||||||||
Illinois Tool Works,
Inc. (Machinery) |
1.1 |
% |
1,307 |
303,420 |
|||||||||||
Johnson Controls
International plc (Building Products) |
0.9 |
% |
3,247 |
242,746 |
|||||||||||
Keysight
Technologies, Inc.* (Electronic Equipment, Instruments & Components) |
0.6 |
% |
842 |
163,752 |
|||||||||||
L3Harris
Technologies, Inc. (Aerospace & Defense) |
0.7 |
% |
917 |
191,726 |
|||||||||||
Lockheed Martin
Corp. (Aerospace & Defense) |
1.3 |
% |
1,124 |
374,652 |
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
Norfolk Southern
Corp. (Road & Rail) |
1.1 |
% |
1,126 |
$ |
298,694 |
||||||||||
Northrop Grumman
Corp. (Aerospace & Defense) |
0.8 |
% |
686 |
239,277 |
|||||||||||
Old Dominion Freight
Line, Inc. (Road & Rail) |
0.5 |
% |
430 |
152,723 |
|||||||||||
Otis Worldwide Corp.
(Machinery) |
0.6 |
% |
1,945 |
156,378 |
|||||||||||
PACCAR, Inc. (Machinery) |
0.5 |
% |
1,581 |
131,887 |
|||||||||||
Parker-Hannifin
Corp. (Machinery) |
0.6 |
% |
588 |
177,611 |
|||||||||||
Paychex, Inc. (IT Services) |
0.6 |
% |
1,463 |
174,390 |
|||||||||||
PayPal Holdings,
Inc.* (IT Services) |
3.5 |
% |
5,354 |
989,901 |
|||||||||||
Raytheon
Technologies Corp. (Aerospace & Defense) |
2.0 |
% |
6,877 |
556,487 |
|||||||||||
Rockwell Automation,
Inc. (Electrical Equipment) |
0.6 |
% |
527 |
177,177 |
|||||||||||
Roper Technologies,
Inc. (Industrial Conglomerates) |
0.8 |
% |
481 |
223,256 |
|||||||||||
Sherwin-Williams Co.
(The) (Chemicals) |
1.3 |
% |
1,107 |
366,683 |
|||||||||||
Square, Inc., Class
A* (IT Services) |
1.3 |
% |
1,814 |
377,911 |
|||||||||||
TE Connectivity Ltd.
(Electronic Equipment, Instruments & Components) |
0.8 |
% |
1,493 |
229,817 |
|||||||||||
Trane Technologies
plc (Building Products) |
0.7 |
% |
1,082 |
201,955 |
|||||||||||
TransDigm Group,
Inc.* (Aerospace & Defense) |
0.5 |
% |
238 |
137,576 |
|||||||||||
Union Pacific Corp.
(Road & Rail) |
2.5 |
% |
2,971 |
700,086 |
|||||||||||
United Parcel
Service, Inc., Class B (Air Freight & Logistics) |
2.3 |
% |
3,317 |
657,993 |
|||||||||||
Verisk Analytics,
Inc. (Professional Services) |
0.6 |
% |
735 |
165,279 |
|||||||||||
Waste Management,
Inc. (Commercial Services & Supplies) |
1.0 |
% |
1,764 |
283,422 |
|||||||||||
Zebra Technologies
Corp., Class A* (Electronic Equipment, Instruments & Components) |
0.5 |
% |
244 |
143,662 |
|||||||||||
Other Common Stocks (b) |
24.1 |
% |
88,181 |
6,835,961 |
|||||||||||
Total Common Stocks
(Cost $24,822,921) |
22,513,648 |
||||||||||||||
Securities Lending Reinvestments (c) — 0.0% (d) |
|||||||||||||||
Investment Companies — 0.0% (d) |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $2,635) |
0.0 |
% |
2,635 |
2,635 |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA INDUSTRIALS UXI :: 53
Principal
Amount |
Value |
||||||||||
Short-Term Investments — 16.2% |
|||||||||||
Repurchase Agreements (e) — 16.2% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $4,588,433 (Cost $4,588,429) |
$ |
4,588,429 |
$ |
4,588,429 |
|||||||
Total Investments —
95.7% (Cost $29,413,985) |
27,104,712 |
||||||||||
Other assets less liabilities — 4.3% |
1,226,490 |
||||||||||
Net Assets — 100.0% |
$ |
28,331,202 |
* 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 $8,752,412.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $62,729, collateralized in the form of cash with a value of $2,635 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $64,477 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 6.88%, and maturity dates ranging from December 30, 2021 - May 15, 2051. The total value of collateral is $67,112.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $2,635.
(d) Represents less than 0.05% of net assets.
(e) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
483,115 |
|||||
Aggregate gross unrealized depreciation |
(4,794,752 |
) |
|||||
Net unrealized depreciation |
$ |
(4,311,637 |
) |
||||
Federal income tax cost |
$ |
29,429,479 |
Swap Agreementsa
Ultra Industrials had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
9,475,442 |
5/8/2023 |
Bank of America NA |
0.37 |
% |
Dow Jones U.S.
IndustrialsSM Index |
(681,530 |
) |
681,505 |
25 |
— |
|||||||||||||||||||||||||
8,829,840 |
11/7/2022 |
Citibank NA |
0.37 |
% |
Dow Jones U.S.
IndustrialsSM Index |
(249,729 |
) |
152,360 |
97,369 |
— |
|||||||||||||||||||||||||
12,411,686 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
Dow Jones U.S.
IndustrialsSM Index |
(768,571 |
) |
— |
768,571 |
— |
|||||||||||||||||||||||||
526,372 |
4/10/2023 |
Morgan Stanley & Co. International plc |
0.67 |
% |
Dow Jones U.S.
IndustrialsSM Index |
(26,836 |
) |
25,163 |
1,673 |
— |
|||||||||||||||||||||||||
1,992,245 |
3/7/2023 |
Societe Generale |
0.62 |
% |
Dow Jones U.S.
IndustrialsSM Index |
(205,099 |
) |
— |
82,443 |
(122,656 |
) |
||||||||||||||||||||||||
870,297 |
3/7/2023 |
UBS AG |
0.42 |
% |
Dow Jones U.S.
IndustrialsSM Index |
(55,105 |
) |
31,635 |
23,470 |
— |
|||||||||||||||||||||||||
34,105,882 |
(1,986,870 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(1,986,870 |
) |
See accompanying notes to the financial statements.
54 :: UXI ULTRA INDUSTRIALS :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Ultra Industrials invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Aerospace & Defense |
9.0 |
% |
|||||
Air Freight & Logistics |
3.9 |
% |
|||||
Building Products |
4.4 |
% |
|||||
Chemicals |
1.3 |
% |
|||||
Commercial Services & Supplies |
2.5 |
% |
|||||
Construction & Engineering |
0.8 |
% |
|||||
Construction Materials |
0.9 |
% |
|||||
Containers & Packaging |
2.6 |
% |
|||||
Electrical Equipment |
4.6 |
% |
|||||
Electronic Equipment, Instruments & Components |
5.0 |
% |
|||||
Industrial Conglomerates |
6.3 |
% |
|||||
IT Services |
14.8 |
% |
|||||
Life Sciences Tools & Services |
0.3 |
% |
|||||
Machinery |
11.0 |
% |
|||||
Marine |
0.1 |
% |
|||||
Paper & Forest Products |
0.1 |
% |
|||||
Professional Services |
3.4 |
% |
|||||
Road & Rail |
6.6 |
% |
|||||
Trading Companies & Distributors |
1.9 |
% |
|||||
Othera |
20.5 |
% |
|||||
100.0 |
% |
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA INDUSTRIALS UXI :: 55
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 90.8% |
|||||||||||||||
AECOM* (Construction
& Engineering) |
0.4 |
% |
9,840 |
$ |
678,370 |
||||||||||
Aspen Technology,
Inc.* (Software) |
0.4 |
% |
4,639 |
672,794 |
|||||||||||
Avis Budget Group,
Inc.* (Road & Rail) |
0.5 |
% |
3,227 |
886,102 |
|||||||||||
Axon Enterprise,
Inc.* (Aerospace & Defense) |
0.4 |
% |
4,486 |
757,192 |
|||||||||||
Builders
FirstSource, Inc.* (Building Products) |
0.6 |
% |
14,153 |
982,784 |
|||||||||||
Camden Property
Trust (Equity Real Estate Investment Trusts (REITs)) |
0.6 |
% |
6,869 |
1,134,827 |
|||||||||||
Carlisle Cos., Inc.
(Building Products) |
0.4 |
% |
3,560 |
801,712 |
|||||||||||
Cognex Corp.
(Electronic Equipment, Instruments & Components) |
0.5 |
% |
12,069 |
932,330 |
|||||||||||
Crocs, Inc.*
(Textiles, Apparel & Luxury Goods) |
0.4 |
% |
4,261 |
698,889 |
|||||||||||
CyrusOne, Inc.
(Equity Real Estate Investment Trusts (REITs)) |
0.4 |
% |
8,471 |
754,088 |
|||||||||||
Darling Ingredients,
Inc.* (Food Products) |
0.4 |
% |
11,070 |
747,446 |
|||||||||||
Deckers Outdoor
Corp.* (Textiles, Apparel & Luxury Goods) |
0.4 |
% |
1,889 |
765,801 |
|||||||||||
East West Bancorp,
Inc. (Banks) |
0.4 |
% |
9,691 |
746,207 |
|||||||||||
Essential Utilities,
Inc. (Water Utilities) |
0.4 |
% |
15,275 |
722,049 |
|||||||||||
FactSet Research
Systems, Inc. (Capital Markets) |
0.7 |
% |
2,580 |
1,208,911 |
|||||||||||
Fair Isaac Corp.* (Software) |
0.4 |
% |
1,939 |
684,719 |
|||||||||||
First Solar, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.4 |
% |
6,753 |
699,611 |
|||||||||||
Five Below, Inc.*
(Specialty Retail) |
0.4 |
% |
3,824 |
777,955 |
|||||||||||
GameStop Corp.,
Class A* (Specialty Retail) |
0.5 |
% |
4,250 |
833,892 |
|||||||||||
Graco, Inc. (Machinery) |
0.5 |
% |
11,594 |
845,087 |
|||||||||||
Hill-Rom Holdings,
Inc. (Health Care Equipment & Supplies) |
0.4 |
% |
4,495 |
698,973 |
|||||||||||
Hubbell, Inc.
(Electrical Equipment) |
0.4 |
% |
3,714 |
726,830 |
|||||||||||
Jones Lang LaSalle,
Inc.* (Real Estate Management & Development) |
0.5 |
% |
3,463 |
813,493 |
|||||||||||
Lattice
Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) |
0.4 |
% |
9,315 |
707,288 |
|||||||||||
Lear Corp. (Auto
Components) |
0.4 |
% |
4,080 |
684,583 |
|||||||||||
Lennox
International, Inc. (Building Products) |
0.4 |
% |
2,335 |
721,562 |
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
Life Storage, Inc.
(Equity Real Estate Investment Trusts (REITs)) |
0.4 |
% |
5,349 |
$ |
706,817 |
||||||||||
Manhattan
Associates, Inc.* (Software) |
0.4 |
% |
4,330 |
676,173 |
|||||||||||
Masimo Corp.*
(Health Care Equipment & Supplies) |
0.5 |
% |
3,460 |
962,295 |
|||||||||||
Medical Properties
Trust, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.5 |
% |
40,687 |
866,226 |
|||||||||||
Middleby Corp.
(The)* (Machinery) |
0.3 |
% |
3,799 |
663,609 |
|||||||||||
Molina Healthcare,
Inc.* (Health Care Providers & Services) |
0.6 |
% |
3,989 |
1,137,583 |
|||||||||||
Nordson Corp. (Machinery) |
0.5 |
% |
3,692 |
938,469 |
|||||||||||
Paylocity Holding
Corp.* (Software) |
0.4 |
% |
2,685 |
677,533 |
|||||||||||
Regal Rexnord Corp.
(Electrical Equipment) |
0.4 |
% |
4,624 |
731,054 |
|||||||||||
Repligen Corp.*
(Life Sciences Tools & Services) |
0.6 |
% |
3,492 |
1,000,458 |
|||||||||||
RH* (Specialty Retail) |
0.4 |
% |
1,163 |
678,238 |
|||||||||||
RPM International,
Inc. (Chemicals) |
0.5 |
% |
8,864 |
806,979 |
|||||||||||
Service Corp.
International (Diversified Consumer Services) |
0.4 |
% |
11,446 |
757,267 |
|||||||||||
Signature Bank (Banks) |
0.7 |
% |
4,142 |
1,252,127 |
|||||||||||
SolarEdge
Technologies, Inc.* (Semiconductors & Semiconductor Equipment) |
0.7 |
% |
3,570 |
1,170,103 |
|||||||||||
Steel Dynamics, Inc.
(Metals & Mining) |
0.4 |
% |
13,244 |
791,991 |
|||||||||||
Synaptics, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.4 |
% |
2,404 |
678,505 |
|||||||||||
Syneos Health, Inc.*
(Life Sciences Tools & Services) |
0.4 |
% |
7,068 |
686,727 |
|||||||||||
Targa Resources
Corp. (Oil, Gas & Consumable Fuels) |
0.4 |
% |
15,618 |
806,357 |
|||||||||||
Tetra Tech, Inc.
(Commercial Services & Supplies) |
0.4 |
% |
3,693 |
682,023 |
|||||||||||
Toro Co. (The) (Machinery) |
0.4 |
% |
7,313 |
735,395 |
|||||||||||
Trex Co., Inc.*
(Building Products) |
0.6 |
% |
7,878 |
1,045,962 |
|||||||||||
Williams-Sonoma,
Inc. (Specialty Retail) |
0.6 |
% |
5,131 |
999,724 |
|||||||||||
Wolfspeed, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.5 |
% |
7,887 |
967,104 |
|||||||||||
Other Common Stocks (b) |
67.8 |
% |
2,495,685 |
121,089,559 |
|||||||||||
Total Common Stocks
(Cost $142,849,584) |
162,191,773 |
See accompanying notes to the financial statements.
56 :: MVV ULTRA MIDCAP400 :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Securities Lending Reinvestments (c) — 0.2% |
|||||||||||||||
Investment Companies — 0.2% |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $409,081) |
0.2 |
% |
409,081 |
$ |
409,081 |
||||||||||
Principal Amount |
|||||||||||||||
Short-term investments — 16.6% |
|||||||||||||||
Repurchase Agreements (d) — 16.6% |
|||||||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $29,672,474 (Cost $29,672,451) |
$ |
29,672,451 |
29,672,451 |
||||||||||||
Total Investments —
107.6% (Cost $172,931,116) |
192,273,305 |
||||||||||||||
Liabilities in excess of other assets — (7.6%) |
(13,644,154) | ||||||||||||||
Net Assets — 100.0% |
$ |
178,629,151 |
* 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 $55,121,904.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $2,436,020, collateralized in the form of
cash with a value of $409,081 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $2,186,678 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - May 15, 2051. The total value of collateral is $2,595,759.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $409,081.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
25,943,862 |
|||||
Aggregate gross unrealized depreciation |
(20,961,032 |
) |
|||||
Net unrealized appreciation |
$ |
4,982,830 |
|||||
Federal income tax cost |
$ |
173,783,307 |
Futures Contracts Purchased
Ultra MidCap400 had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
S&P Midcap 400 E-Mini Index |
33 |
12/17/2021 |
USD |
$ |
8,930,460 |
$ |
149,210 |
Swap Agreementsa
Ultra MidCap400 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
25,358,381 |
5/8/2023 |
Bank of America NA |
0.47 |
% |
S&P MidCap 400® |
(1,583,991 |
) |
1,571,840 |
12,151 |
— |
|||||||||||||||||||||||||
54,378,857 |
5/8/2023 |
BNP Paribas SA |
0.52 |
% |
S&P MidCap 400® |
(4,116,468 |
) |
4,080,610 |
35,858 |
— |
|||||||||||||||||||||||||
19,767,728 |
4/10/2023 |
Citibank NA |
0.47 |
% |
S&P MidCap 400® |
(1,324,341 |
) |
1,287,823 |
36,518 |
— |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA MIDCAP400 MVV :: 57
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
16,669,032 |
3/7/2023 |
Goldman
Sachs International |
0.57 |
% |
S&P MidCap 400® |
(1,242,842 |
) |
||||||||||||||||||||||||||||
25,422,112 |
3/7/2023 |
Goldman Sachs International |
0.34 |
% |
SPDR®
S&P MidCap 400® ETF Trust |
(2,817,263 |
) |
||||||||||||||||||||||||||||
42,091,144 |
|
|
(4,060,105 |
) |
3,754,939 |
305,166 |
— |
||||||||||||||||||||||||||||
2,489,249 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.00 |
% |
S&P MidCap 400® |
270,889 |
— |
(270,889 |
) |
— |
|||||||||||||||||||||||||
20,084,640 |
3/7/2023 |
Societe Generale |
0.34 |
% |
S&P MidCap 400® |
(1,417,838 |
) |
1,412,384 |
5,454 |
— |
|||||||||||||||||||||||||
21,959,026 |
3/7/2023 |
UBS AG |
0.42 |
% |
S&P MidCap 400® |
(1,424,524 |
) |
1,383,711 |
40,813 |
— |
|||||||||||||||||||||||||
186,129,025 |
(13,656,378 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
270,889 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(13,927,267 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
Ultra MidCap400 invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Aerospace & Defense |
0.9 |
% |
|||||
Air Freight & Logistics |
0.4 |
% |
|||||
Airlines |
0.2 |
% |
|||||
Auto Components |
1.6 |
% |
|||||
Automobiles |
0.4 |
% |
|||||
Banks |
6.5 |
% |
|||||
Beverages |
0.2 |
% |
|||||
Biotechnology |
1.3 |
% |
|||||
Building Products |
2.5 |
% |
|||||
Capital Markets |
2.6 |
% |
|||||
Chemicals |
2.4 |
% |
|||||
Commercial Services & Supplies |
1.5 |
% |
|||||
Communications Equipment |
0.7 |
% |
|||||
Construction & Engineering |
1.3 |
% |
|||||
Construction Materials |
0.2 |
% |
See accompanying notes to the financial statements.
58 :: MVV ULTRA MIDCAP400 :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Consumer Finance |
0.5 |
% |
|||||
Containers & Packaging |
0.7 |
% |
|||||
Diversified Consumer Services |
0.8 |
% |
|||||
Diversified Telecommunication Services |
0.2 |
% |
|||||
Electric Utilities |
0.9 |
% |
|||||
Electrical Equipment |
1.8 |
% |
|||||
Electronic Equipment, Instruments & Components |
2.9 |
% |
|||||
Energy Equipment & Services |
0.3 |
% |
|||||
Entertainment |
0.1 |
% |
|||||
Equity Real Estate Investment Trusts (REITs) |
8.8 |
% |
|||||
Food & Staples Retailing |
1.1 |
% |
|||||
Food Products |
1.5 |
% |
|||||
Gas Utilities |
1.1 |
% |
|||||
Health Care Equipment & Supplies |
3.2 |
% |
|||||
Health Care Providers & Services |
2.6 |
% |
|||||
Hotels, Restaurants & Leisure |
2.6 |
% |
|||||
Household Durables |
1.6 |
% |
|||||
Household Products |
0.1 |
% |
|||||
Insurance |
3.3 |
% |
|||||
Interactive Media & Services |
0.4 |
% |
|||||
IT Services |
1.4 |
% |
|||||
Leisure Products |
1.2 |
% |
|||||
Life Sciences Tools & Services |
1.2 |
% |
|||||
Machinery |
4.5 |
% |
|||||
Marine |
0.1 |
% |
|||||
Media |
0.9 |
% |
|||||
Metals & Mining |
1.9 |
% |
|||||
Multiline Retail |
0.5 |
% |
|||||
Multi-Utilities |
0.5 |
% |
|||||
Oil, Gas & Consumable Fuels |
1.6 |
% |
|||||
Paper & Forest Products |
0.2 |
% |
|||||
Personal Products |
0.2 |
% |
|||||
Pharmaceuticals |
0.5 |
% |
|||||
Professional Services |
1.4 |
% |
|||||
Real Estate Management & Development |
0.5 |
% |
|||||
Road & Rail |
2.0 |
% |
|||||
Semiconductors & Semiconductor Equipment |
4.4 |
% |
|||||
Software |
3.4 |
% |
|||||
Specialty Retail |
3.4 |
% |
|||||
Technology Hardware, Storage & Peripherals |
0.1 |
% |
|||||
Textiles, Apparel & Luxury Goods |
1.7 |
% |
|||||
Thrifts & Mortgage Finance |
0.7 |
% |
|||||
Trading Companies & Distributors |
0.8 |
% |
|||||
Water Utilities |
0.4 |
% |
|||||
Wireless Telecommunication Services |
0.1 |
% |
|||||
Othera |
9.2 |
% |
|||||
100.0 |
% |
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA MIDCAP400 MVV :: 59
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 72.1% |
|||||||||||
Repurchase Agreements (a) — 72.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $3,512,597 (Cost $3,512,594) |
$ |
3,512,594 |
$ |
3,512,594 |
|||||||
Total Investments —
72.1% (Cost $3,512,594) |
3,512,594 |
||||||||||
Other assets less liabilities — 27.9% |
1,360,648 |
||||||||||
Net Assets — 100.0% |
$ |
4,873,242 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
— |
|||||
Aggregate gross unrealized depreciation |
(1,821,032 |
) |
|||||
Net unrealized depreciation |
$ |
(1,821,032 |
) |
||||
Federal income tax cost |
$ |
3,512,594 |
Swap Agreementsa,f
Ultra MSCI Brazil Capped had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
5,643,111 |
11/9/2022 |
Bank of America NA |
0.37 |
% |
iShares® MSCI
Brazil Capped ETF |
(1,614,373 |
) |
— |
1,614,373 |
— |
|||||||||||||||||||||||||
473,936 |
4/10/2023 |
Citibank NA |
0.37 |
% |
iShares® MSCI
Brazil Capped ETF |
(23,320 |
) |
— |
23,320 |
— |
|||||||||||||||||||||||||
669,269 |
3/7/2023 |
Goldman Sachs
International |
(0.93 |
)% |
iShares® MSCI
Brazil Capped ETF |
(24,646 |
) |
— |
24,646 |
— |
|||||||||||||||||||||||||
77,044 |
4/10/2023 |
Morgan Stanley & Co. International plc |
0.42 |
% |
iShares® MSCI Brazil Capped ETF |
(3,793 |
) |
— |
3,793 |
— |
|||||||||||||||||||||||||
886,393 |
3/7/2023 |
Societe Generale |
0.07 |
% |
iShares® MSCI
Brazil Capped ETF |
(44,421 |
) |
— |
40,000 |
(4,421 |
) |
||||||||||||||||||||||||
2,020,259 |
3/7/2023 |
UBS AG |
0.07 |
% |
iShares® MSCI
Brazil Capped ETF |
(110,479 |
) |
— |
110,479 |
— |
|||||||||||||||||||||||||
9,770,012 |
(1,821,032 |
) |
|||||||||||||||||||||||||||||||||
|
Total Unrealized
Depreciation |
(1,821,032 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
60 :: UBR ULTRA MSCI BRAZIL CAPPED :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 75.5% |
|||||||||||
Repurchase Agreements (a) — 75.5% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $10,025,695 (Cost $10,025,687) |
$ |
10,025,687 |
$ |
10,025,687 |
|||||||
Total Investments —
75.5% (Cost $10,025,687) |
10,025,687 |
||||||||||
Other assets less liabilities — 24.5% |
3,245,383 |
||||||||||
Net Assets — 100.0% |
$ |
13,271,070 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
95,194 |
|||||
Aggregate gross unrealized depreciation |
(1,128,288 |
) |
|||||
Net unrealized depreciation |
$ |
(1,033,094 |
) |
||||
Federal income tax cost |
$ |
10,025,687 |
Swap Agreementsa,f
Ultra MSCI EAFE had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
9,467,948 |
11/9/2022 |
Bank of America NA |
0.37 |
% |
iShares® MSCI
EAFE ETF |
95,194 |
(95,194 |
) |
— |
— |
|||||||||||||||||||||||||
7,255,115 |
4/10/2023 |
Citibank NA |
0.47 |
% |
iShares® MSCI
EAFE ETF |
(455,313 |
) |
— |
455,313 |
— |
|||||||||||||||||||||||||
21,119 |
3/7/2023 |
Goldman
Sachs International |
0.67 |
% |
iShares® MSCI
EAFE ETF |
(9,563 |
) |
— |
9,563 |
— |
|||||||||||||||||||||||||
2,816 |
11/9/2023 |
Morgan Stanley & Co. International plc |
0.57 |
% |
iShares® MSCI EAFE ETF |
(153 |
) |
— |
153 |
— |
|||||||||||||||||||||||||
6,148,474 |
3/7/2023 |
Societe Generale |
0.57 |
% |
iShares® MSCI
EAFE ETF |
(409,004 |
) |
— |
409,004 |
— |
|||||||||||||||||||||||||
3,687,395 |
3/7/2023 |
UBS AG |
0.27 |
% |
iShares® MSCI
EAFE ETF |
(254,255 |
) |
— |
254,255 |
— |
|||||||||||||||||||||||||
26,582,867 |
(1,033,094 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
95,194 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(1,128,288 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA MSCI EAFE EFO :: 61
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 74.6% |
|||||||||||
Repurchase Agreements (a) — 74.6% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $37,207,889 (Cost $37,207,859) |
$ |
37,207,859 |
$ |
37,207,859 |
|||||||
Total Investments —
74.6% (Cost $37,207,859) |
37,207,859 |
||||||||||
Other assets less liabilities — 25.4% |
12,636,858 |
||||||||||
Net Assets — 100.0% |
$ |
49,844,717 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
— |
|||||
Aggregate gross unrealized depreciation |
(8,567,844 |
) |
|||||
Net unrealized depreciation |
$ |
(8,567,844 |
) |
||||
Federal income tax cost |
$ |
37,207,859 |
Swap Agreementsa,f
Ultra MSCI Emerging Markets had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
30,922,528 |
5/8/2023 |
Bank of America NA |
0.32 |
% |
iShares® MSCI
Emerging Markets ETF |
(1,657,545 |
) |
— |
1,657,545 |
— |
|||||||||||||||||||||||||
11,914 |
4/10/2023 |
Citibank NA |
0.22 |
% |
iShares® MSCI
Emerging Markets ETF |
(575 |
) |
— |
575 |
— |
|||||||||||||||||||||||||
64,335 |
3/7/2023 |
Goldman Sachs International |
0.37 |
% |
iShares® MSCI
Emerging Markets ETF |
(3,375 |
) |
— |
3,375 |
— |
|||||||||||||||||||||||||
116,756 |
4/10/2023 |
Morgan Stanley & Co. International plc |
0.32 |
% |
iShares® MSCI
Emerging Markets ETF |
(5,641 |
) |
— |
5,641 |
— |
|||||||||||||||||||||||||
6,964,866 |
3/7/2023 |
Societe Generale |
(0.18 |
)% |
iShares® MSCI
Emerging Markets ETF |
(347,458 |
) |
— |
347,458 |
— |
|||||||||||||||||||||||||
61,827,184 |
11/9/2022 |
UBS AG |
(0.13 |
)% |
iShares® MSCI
Emerging Markets ETF |
(6,553,250 |
) |
— |
6,553,250 |
— |
|||||||||||||||||||||||||
99,907,583 |
(8,567,844 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(8,567,844 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
See accompanying notes to the financial statements.
62 :: EET ULTRA MSCI EMERGING MARKETS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA MSCI EMERGING MARKETS EET :: 63
Investments |
Shares |
Value |
|||||||||
Exchange Traded Funds — 12.5% |
|||||||||||
iShares MSCI Japan
ETF (Cost $1,121,969) |
16,500 |
$ |
1,094,444 |
||||||||
Principal
Amount |
|||||||||||
Short-Term Investments — 60.4% |
|||||||||||
Repurchase Agreements (a) — 60.4% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $5,286,490 (Cost $5,286,488) |
$ |
5,286,488 |
5,286,488 |
||||||||
Total Investments —
72.9% (Cost $6,408,457) |
6,380,932 |
||||||||||
Other assets less liabilities — 27.1% |
2,366,410 |
||||||||||
Net Assets — 100.0% |
$ |
8,747,342 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
— |
|||||
Aggregate gross unrealized depreciation |
(709,856 |
) |
|||||
Net unrealized depreciation |
$ |
(709,856 |
) |
||||
Federal income tax cost |
$ |
6,488,271 |
Swap Agreementsa,f
Ultra MSCI Japan had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
39,138 |
12/14/2023 |
Bank of America NA |
0.42 |
% |
iShares® MSCI
Japan ETF |
(1,274 |
) |
— |
1,274 |
— |
|||||||||||||||||||||||||
10,770,934 |
12/12/2022 |
Citibank NA |
0.57 |
% |
iShares® MSCI
Japan ETF |
(236,105 |
) |
— |
236,105 |
— |
|||||||||||||||||||||||||
107,195 |
12/14/2023 |
Credit Suisse
International |
0.77 |
% |
iShares® MSCI
Japan ETF |
(3,526 |
) |
— |
3,526 |
— |
|||||||||||||||||||||||||
4,841,414 |
3/7/2023 |
Goldman Sachs
International |
0.57 |
% |
iShares® MSCI
Japan ETF |
(313,368 |
) |
— |
313,368 |
— |
|||||||||||||||||||||||||
189,428 |
11/9/2023 |
Morgan Stanley & Co. International plc |
0.67 |
% |
iShares® MSCI Japan ETF |
(6,312 |
) |
— |
6,312 |
— |
|||||||||||||||||||||||||
461,087 |
3/7/2023 |
Societe Generale |
0.22 |
% |
iShares® MSCI
Japan ETF |
(27,038 |
) |
— |
17,000 |
(10,038 |
) |
||||||||||||||||||||||||
(5,768 |
) |
12/14/2023 |
UBS AG |
(0.07 |
)% |
iShares® MSCI
Japan ETF |
(14,894 |
) |
— |
14,894 |
— |
||||||||||||||||||||||||
16,403,428 |
(602,517 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(602,517 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
See accompanying notes to the financial statements.
64 :: EZJ ULTRA MSCI JAPAN :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTSPROSHARES TRUST
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f In order to facilitate the daily valuation of these swap transactions as of close of business New York time, one or more financial products traded on a U.S. exchange are used as the reference entity as a surrogate for the respective underlying index for the purposes of both daily valuation calculation as well as final settlement of the swap.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA MSCI JAPAN EZJ :: 65
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 92.9% |
|||||||||||||||
Allakos, Inc.*
(Biotechnology) |
0.4 |
% |
9,849 |
$ |
771,669 |
||||||||||
Alnylam
Pharmaceuticals, Inc.* (Biotechnology) |
1.9 |
% |
21,674 |
3,983,681 |
|||||||||||
Amgen, Inc.
(Biotechnology) |
7.4 |
% |
79,712 |
15,853,124 |
|||||||||||
Apellis
Pharmaceuticals, Inc.* (Biotechnology) |
0.3 |
% |
17,505 |
736,610 |
|||||||||||
Argenx SE, ADR*
(Biotechnology) |
0.7 |
% |
5,069 |
1,415,315 |
|||||||||||
Arrowhead
Pharmaceuticals, Inc.* (Biotechnology) |
0.6 |
% |
19,012 |
1,331,791 |
|||||||||||
Arvinas, Inc.*
(Pharmaceuticals) |
0.3 |
% |
8,965 |
677,844 |
|||||||||||
Ascendis Pharma A/S,
ADR* (Biotechnology) |
0.6 |
% |
9,538 |
1,306,897 |
|||||||||||
AstraZeneca plc, ADR
(Pharmaceuticals) |
1.5 |
% |
56,944 |
3,122,240 |
|||||||||||
Beam Therapeutics,
Inc.* (Biotechnology) |
0.5 |
% |
12,097 |
957,478 |
|||||||||||
BeiGene Ltd., ADR*
(Biotechnology) |
1.5 |
% |
9,285 |
3,226,816 |
|||||||||||
Biogen, Inc.* (Biotechnology) |
2.9 |
% |
26,518 |
6,251,353 |
|||||||||||
BioMarin
Pharmaceutical, Inc.* (Biotechnology) |
1.4 |
% |
33,427 |
2,884,416 |
|||||||||||
BioNTech SE, ADR*(b)
(Biotechnology) |
2.5 |
% |
14,983 |
5,270,120 |
|||||||||||
Blueprint Medicines
Corp.* (Biotechnology) |
0.5 |
% |
10,684 |
1,027,801 |
|||||||||||
Bridgebio Pharma,
Inc.* (Biotechnology) |
0.5 |
% |
27,308 |
1,105,974 |
|||||||||||
CRISPR Therapeutics
AG* (Biotechnology) |
0.5 |
% |
13,897 |
1,110,370 |
|||||||||||
Denali Therapeutics,
Inc.* (Biotechnology) |
0.5 |
% |
22,179 |
1,026,001 |
|||||||||||
Exelixis, Inc.* (Biotechnology) |
0.5 |
% |
57,435 |
964,334 |
|||||||||||
Fate Therapeutics,
Inc.* (Biotechnology) |
0.4 |
% |
17,347 |
954,258 |
|||||||||||
Gilead Sciences,
Inc. (Biotechnology) |
7.3 |
% |
227,519 |
15,682,885 |
|||||||||||
Guardant Health,
Inc.*(b) (Health Care Providers & Services) |
0.9 |
% |
18,463 |
1,940,830 |
|||||||||||
Halozyme
Therapeutics, Inc.* (Biotechnology) |
0.4 |
% |
25,955 |
853,400 |
|||||||||||
Horizon Therapeutics
plc* (Biotechnology) |
2.0 |
% |
41,190 |
4,273,874 |
|||||||||||
Illumina, Inc.*
(Life Sciences Tools & Services) |
4.9 |
% |
28,397 |
10,374,276 |
|||||||||||
Incyte Corp.* (Biotechnology) |
1.3 |
% |
40,261 |
2,726,475 |
|||||||||||
Intellia
Therapeutics, Inc.* (Biotechnology) |
0.7 |
% |
13,397 |
1,540,789 |
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
Ionis
Pharmaceuticals, Inc.* (Biotechnology) |
0.3 |
% |
25,731 |
$ |
681,871 |
||||||||||
Jazz Pharmaceuticals
plc* (Pharmaceuticals) |
0.6 |
% |
11,189 |
1,341,226 |
|||||||||||
Karuna Therapeutics,
Inc.* (Biotechnology) |
0.3 |
% |
5,385 |
688,741 |
|||||||||||
Kodiak Sciences,
Inc.* (Biotechnology) |
0.4 |
% |
9,388 |
862,194 |
|||||||||||
Medpace Holdings,
Inc.* (Life Sciences Tools & Services) |
0.6 |
% |
6,532 |
1,354,802 |
|||||||||||
Mirati Therapeutics,
Inc.* (Biotechnology) |
0.6 |
% |
9,413 |
1,287,416 |
|||||||||||
Moderna, Inc.*
(Biotechnology) |
7.9 |
% |
47,724 |
16,819,369 |
|||||||||||
Neurocrine
Biosciences, Inc.* (Biotechnology) |
0.7 |
% |
17,251 |
1,436,146 |
|||||||||||
Novavax, Inc.*(b)
(Biotechnology) |
1.3 |
% |
13,577 |
2,832,570 |
|||||||||||
Pacific Biosciences
of California, Inc.* (Life Sciences Tools & Services) |
0.4 |
% |
40,193 |
932,880 |
|||||||||||
Regeneron
Pharmaceuticals, Inc.* (Biotechnology) |
5.7 |
% |
19,064 |
12,134,808 |
|||||||||||
Royalty Pharma plc,
Class A (Pharmaceuticals) |
1.5 |
% |
77,853 |
3,096,214 |
|||||||||||
Sanofi, ADR
(Pharmaceuticals) |
1.0 |
% |
42,495 |
2,021,487 |
|||||||||||
Sarepta
Therapeutics, Inc.* (Biotechnology) |
0.6 |
% |
14,555 |
1,176,190 |
|||||||||||
Seagen, Inc.*
(Biotechnology) |
2.5 |
% |
33,173 |
5,307,680 |
|||||||||||
Syneos Health, Inc.*
(Life Sciences Tools & Services) |
0.9 |
% |
18,871 |
1,833,506 |
|||||||||||
Twist Bioscience
Corp.* (Biotechnology) |
0.4 |
% |
8,985 |
858,068 |
|||||||||||
Ultragenyx
Pharmaceutical, Inc.* (Biotechnology) |
0.4 |
% |
12,365 |
930,219 |
|||||||||||
United Therapeutics
Corp.* (Biotechnology) |
0.7 |
% |
8,190 |
1,552,005 |
|||||||||||
Vertex
Pharmaceuticals, Inc.* (Biotechnology) |
3.9 |
% |
44,876 |
8,389,119 |
|||||||||||
Vir Biotechnology,
Inc.* (Biotechnology) |
0.5 |
% |
23,817 |
1,129,402 |
|||||||||||
Zai Lab Ltd., ADR*
(Biotechnology) |
0.4 |
% |
12,642 |
875,459 |
|||||||||||
Zentalis
Pharmaceuticals, Inc.* (Biotechnology) |
0.3 |
% |
8,219 |
674,369 |
|||||||||||
Other Common Stocks (b) |
18.1 |
% |
2,855,301 |
38,698,381 |
|||||||||||
Total Common Stocks
(Cost $238,086,819) |
198,284,743 |
See accompanying notes to the financial statements.
66 :: BIB ULTRA NASDAQ BIOTECHNOLOGY :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Percentage of
Net Assets |
No. of
Rights |
Value |
|||||||||||||
Rights — 0.0% (c) |
|||||||||||||||
Achillion
Pharmaceuticals, Inc., CVR*(d)(e) |
0.0 |
% |
25,307 |
$ |
11,641 |
||||||||||
Contra Costa County
Board of Education, CVR*(b)(d)(e) |
0.0 |
% |
835 |
— |
|||||||||||
Total Rights
(Cost $11,641) |
11,641 |
||||||||||||||
Shares |
|||||||||||||||
Securities Lending Reinvestments (f) — 0.8% |
|||||||||||||||
Investment Companies — 0.8% |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $1,763,417) |
0.8 |
% |
1,763,417 |
1,763,417 |
|||||||||||
Principal Amount |
|||||||||||||||
Short-Term Investments — 7.6% |
|||||||||||||||
Repurchase Agreements (g) — 7.6% |
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $16,260,737 (Cost $16,260,723) |
$ |
16,260,723 |
16,260,723 |
||||||||
Total Investments —
101.3% (Cost $256,122,600) |
216,320,524 |
||||||||||
Liabilities in excess of other assets — (1.3%) |
(2,794,542 |
) |
|||||||||
Net Assets — 100.0% |
$ |
213,525,982 |
* 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 $57,282,972.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $4,766,994, collateralized in the form of cash with a value of $1,763,417 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $3,070,684 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - November 15, 2050. The total value of collateral is $4,834,101.
(c) Represents less than 0.05% of net assets.
(d) Illiquid security.
(e) Security fair valued as of November 30, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at November 30, 2021 amounted to $11,641, which represents approximately 0.01% of net assets of the Fund.
(f) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $1,763,417.
(g) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements 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
CVR Contingent Value Rights — No defined expiration
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
13,717,294 |
|||||
Aggregate gross unrealized depreciation |
(64,355,533 |
) |
|||||
Net unrealized depreciation |
$ |
(50,638,239 |
) |
||||
Federal income tax cost |
$ |
258,855,738 |
Swap Agreementsa
Ultra Nasdaq Biotechnology had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
33,518,991 |
5/8/2023 |
Bank of America NA |
0.22 |
% |
NASDAQ
Biotechnology Index® |
(2,169,183 |
) |
1,680,631 |
488,552 |
— |
|||||||||||||||||||||||||
45,872,380 |
4/10/2023 |
Citibank NA |
0.22 |
% |
NASDAQ
Biotechnology Index® |
(253,682 |
) |
216,612 |
37,070 |
— |
|||||||||||||||||||||||||
39,005,659 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
NASDAQ
Biotechnology Index® |
(1,960,158 |
) |
— |
1,960,158 |
— |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA NASDAQ BIOTECHNOLOGY BIB :: 67
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Depreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
10,201,848 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.52 |
% |
NASDAQ
Biotechnology Index® |
(1,457 |
) |
— |
1,457 |
— |
|||||||||||||||||||||||||
35,052,383 |
3/7/2023 |
Societe Generale |
0.42 |
% |
NASDAQ
Biotechnology Index® |
(1,285,406 |
) |
1,277,423 |
7,983 |
— |
|||||||||||||||||||||||||
65,610,010 |
3/7/2023 |
UBS AG |
0.07 |
% |
NASDAQ
Biotechnology Index® |
(2,433,139 |
) |
2,307,511 |
125,628 |
— |
|||||||||||||||||||||||||
229,261,271 |
(8,103,025 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(8,103,025 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Ultra Nasdaq Biotechnology invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Biotechnology |
76.8 |
% |
|||||
Diversified Financial Services |
0.0 |
% |
|||||
Health Care Providers & Services |
1.1 |
% |
|||||
Life Sciences Tools & Services |
7.5 |
% |
|||||
Pharmaceuticals |
7.5 |
% |
|||||
Othera |
7.1 |
% |
|||||
100.0 |
% |
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
68 :: BIB ULTRA NASDAQ BIOTECHNOLOGY :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks — 57.8% |
|||||||||||
Communications Equipment — 4.0% |
|||||||||||
Arista Networks, Inc.* |
516 |
$ |
64,015 |
||||||||
Cisco Systems, Inc. |
541 |
29,669 |
|||||||||
93,684 |
|||||||||||
Diversified Telecommunication Services — 1.7% |
|||||||||||
Lumen Technologies, Inc. |
3,242 |
40,006 |
|||||||||
Health Care Technology — 0.4% |
|||||||||||
Tabula Rasa HealthCare, Inc.* |
255 |
2,899 |
|||||||||
Veeva Systems, Inc., Class A* |
24 |
6,782 |
|||||||||
9,681 |
|||||||||||
Interactive Media & Services — 2.0% |
|||||||||||
Alphabet, Inc., Class A* |
17 |
48,245 |
|||||||||
Internet & Direct Marketing Retail — 3.6% |
|||||||||||
Alibaba Group Holding Ltd., ADR* |
287 |
36,601 |
|||||||||
Amazon.com, Inc.* |
14 |
49,099 |
|||||||||
85,700 |
|||||||||||
IT Services — 14.6% |
|||||||||||
Akamai Technologies, Inc.* |
282 |
31,781 |
|||||||||
Cloudflare, Inc., Class A* |
66 |
12,424 |
|||||||||
DigitalOcean Holdings, Inc.* |
776 |
78,229 |
|||||||||
Fastly, Inc., Class A* |
549 |
22,377 |
|||||||||
International Business Machines Corp. |
177 |
20,727 |
|||||||||
Kingsoft Cloud Holdings Ltd., ADR* |
1,487 |
25,695 |
|||||||||
MongoDB, Inc.* |
102 |
50,806 |
|||||||||
Rackspace Technology, Inc.* |
3,425 |
48,841 |
|||||||||
Shopify, Inc., Class A* |
16 |
24,349 |
|||||||||
Snowflake, Inc., Class A* |
26 |
8,844 |
|||||||||
Twilio, Inc., Class A* |
67 |
19,172 |
|||||||||
343,245 |
|||||||||||
Software — 27.1% |
|||||||||||
Adobe, Inc.* |
36 |
24,115 |
|||||||||
Anaplan, Inc.* |
133 |
5,694 |
|||||||||
Appfolio, Inc., Class A* |
68 |
8,193 |
|||||||||
Appian Corp.* |
149 |
11,078 |
|||||||||
Asana, Inc., Class A* |
106 |
11,019 |
|||||||||
Atlassian Corp. plc, Class A* |
65 |
24,461 |
|||||||||
Avalara, Inc.* |
44 |
6,146 |
|||||||||
Blackline, Inc.* |
73 |
8,034 |
|||||||||
Box, Inc., Class A* |
309 |
7,234 |
|||||||||
Citrix Systems, Inc. |
310 |
24,933 |
|||||||||
Coupa Software, Inc.* |
33 |
6,490 |
|||||||||
Crowdstrike Holdings, Inc., Class A* |
28 |
6,080 |
|||||||||
Datadog, Inc., Class A* |
58 |
10,341 |
|||||||||
DocuSign, Inc.* |
27 |
6,652 |
|||||||||
Domo, Inc., Class B* |
178 |
12,878 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (continued) |
|||||||||||
Dropbox, Inc., Class A* |
251 |
$ |
6,177 |
||||||||
Elastic NV* |
50 |
7,773 |
|||||||||
Everbridge, Inc.* |
51 |
5,784 |
|||||||||
HubSpot, Inc.* |
35 |
28,242 |
|||||||||
Intuit, Inc. |
14 |
9,132 |
|||||||||
Microsoft Corp. |
158 |
52,233 |
|||||||||
MicroStrategy, Inc., Class A* |
34 |
24,529 |
|||||||||
Mimecast Ltd.* |
114 |
9,234 |
|||||||||
Momentive Global, Inc.* |
407 |
8,315 |
|||||||||
Open Text Corp. |
145 |
6,874 |
|||||||||
Oracle Corp. |
537 |
48,727 |
|||||||||
Palo Alto Networks, Inc.* |
17 |
9,298 |
|||||||||
Paycom Software, Inc.* |
16 |
7,000 |
|||||||||
Paylocity Holding Corp.* |
30 |
7,570 |
|||||||||
Q2 Holdings, Inc.* |
91 |
7,307 |
|||||||||
Qualys, Inc.* |
68 |
8,860 |
|||||||||
RingCentral, Inc., Class A* |
95 |
20,518 |
|||||||||
salesforce.com, Inc.* |
90 |
25,646 |
|||||||||
SAP SE, ADR |
106 |
13,615 |
|||||||||
ServiceNow, Inc.* |
37 |
23,965 |
|||||||||
Smartsheet, Inc., Class A* |
100 |
6,400 |
|||||||||
Splunk, Inc.* |
157 |
18,997 |
|||||||||
Sprout Social, Inc., Class A* |
66 |
7,371 |
|||||||||
VMware, Inc., Class A |
392 |
45,762 |
|||||||||
Workday, Inc., Class A* |
29 |
7,953 |
|||||||||
Workiva, Inc.* |
171 |
23,849 |
|||||||||
Zendesk, Inc.* |
65 |
6,637 |
|||||||||
Zoom Video Communications, Inc., Class A* |
28 |
5,919 |
|||||||||
Zscaler, Inc.* |
29 |
10,062 |
|||||||||
637,097 |
|||||||||||
Technology Hardware, Storage & Peripherals — 4.4% |
|||||||||||
Hewlett Packard Enterprise Co. |
1,548 |
22,214 |
|||||||||
NetApp, Inc. |
269 |
23,909 |
|||||||||
Pure Storage, Inc., Class A* |
1,853 |
57,387 |
|||||||||
103,510 |
|||||||||||
Total Common
Stocks (Cost $1,324,842) |
1,361,168 |
||||||||||
Principal
Amount |
|||||||||||
Short-Term Investments — 1.6% |
|||||||||||
Repurchase Agreements (a) — 1.6% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $37,532 (Cost $37,532) |
$ |
37,532 |
37,532 |
||||||||
Total Investments —
59.4% (Cost $1,362,374) |
1,398,700 |
||||||||||
Other assets less liabilities — 40.6% |
955,093 |
||||||||||
Net Assets — 100.0% |
$ |
2,353,793 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA NASDAQ CLOUD COMPUTING SKYU :: 69
* 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 Financial Statements 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
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
544,002 |
|||||
Aggregate gross unrealized depreciation |
(311,167 |
) |
|||||
Net unrealized appreciation |
$ |
232,835 |
|||||
Federal income tax cost |
$ |
1,362,525 |
Swap Agreementsa
Ultra Nasdaq Cloud Computing had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
1,699,929 |
11/7/2022 |
Bank of America
NA |
0.17 |
% |
ISE Cloud
Computing Index |
352,611 |
(352,611 |
) |
— |
— |
|||||||||||||||||||||||||
1,327,472 |
3/7/2023 |
Goldman Sachs
International |
0.67 |
% |
ISE Cloud
Computing Index |
(151,765 |
) |
— |
151,765 |
— |
|||||||||||||||||||||||||
325,899 |
11/7/2022 |
UBS AG |
0.62 |
% |
ISE Cloud
Computing Index |
(4,186 |
) |
— |
4,186 |
— |
|||||||||||||||||||||||||
3,353,300 |
196,660 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
352,611 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(155,951 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
70 :: SKYU ULTRA NASDAQ CLOUD COMPUTING :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Exchange Traded Funds — 3.1% |
|||||||||||
First Trust NASDAQ
Cybersecurity ETF (Cost $144,519) |
3,000 |
$ |
155,521 |
||||||||
Principal
Amount |
|||||||||||
Short-Term Investments — 62.9% |
|||||||||||
Repurchase Agreements (a) — 62.9% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $3,132,278 (Cost $3,132,276) |
$ |
3,132,276 |
3,132,276 |
||||||||
Total Investments —
66.0% (Cost $3,276,795) |
3,287,797 |
||||||||||
Other assets less liabilities — 34.0% |
1,694,976 |
||||||||||
Net Assets — 100.0% |
$ |
4,982,773 |
(a) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
435,055 |
|||||
Aggregate gross unrealized depreciation |
(249,392 |
) |
|||||
Net unrealized appreciation |
$ |
185,663 |
|||||
Federal income tax cost |
$ |
3,276,795 |
Swap Agreementsa
Ultra Nasdaq Cybersecurity had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
4,366,253 |
11/7/2022 |
Bank of America
NA |
0.32 |
% |
First Trust Nasdaq
Cybersecurity ETF |
424,053 |
(424,053 |
) |
— |
— |
|||||||||||||||||||||||||
1,583,366 |
3/7/2023 |
Goldman Sachs
International |
0.67 |
% |
First Trust Nasdaq
Cybersecurity ETF |
(116,550 |
) |
— |
116,550 |
— |
|||||||||||||||||||||||||
3,880,733 |
11/7/2022 |
UBS AG |
0.57 |
% |
First Trust Nasdaq
Cybersecurity ETF |
(132,842 |
) |
— |
132,842 |
— |
|||||||||||||||||||||||||
9,830,352 |
174,661 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Appreciation |
424,053 |
||||||||||||||||||||||||||||||||||
Total
Unrealized Depreciation |
(249,392 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA NASDAQ CYBERSECURITY UCYB :: 71
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 87.4% |
|||||||||||
Electric Utilities — 0.5% |
|||||||||||
OGE Energy Corp. |
26,213 |
$ |
899,630 |
||||||||
Electrical Equipment — 1.5% |
|||||||||||
Plug Power, Inc.* |
67,692 |
2,697,526 |
|||||||||
Energy Equipment & Services — 6.4% |
|||||||||||
Baker Hughes Co. |
108,478 |
2,531,877 |
|||||||||
Halliburton Co. |
116,602 |
2,517,437 |
|||||||||
NOV, Inc.* |
51,161 |
609,839 |
|||||||||
Schlumberger NV |
183,112 |
5,251,652 |
|||||||||
TechnipFMC plc* |
55,482 |
314,583 |
|||||||||
11,225,388 |
|||||||||||
Oil, Gas & Consumable Fuels — 78.2% |
|||||||||||
APA Corp. |
49,499 |
1,275,589 |
|||||||||
Cheniere Energy, Inc. |
30,878 |
3,236,323 |
|||||||||
Chevron Corp. |
253,221 |
28,581,054 |
|||||||||
ConocoPhillips |
175,338 |
12,296,454 |
|||||||||
Continental Resources, Inc. (b) |
7,703 |
341,551 |
|||||||||
Coterra Energy, Inc. |
106,403 |
2,136,572 |
|||||||||
Devon Energy Corp. |
82,443 |
3,467,553 |
|||||||||
Diamondback Energy, Inc. |
22,281 |
2,378,051 |
|||||||||
DT Midstream, Inc. |
12,681 |
581,678 |
|||||||||
EOG Resources, Inc. |
76,453 |
6,651,411 |
|||||||||
EQT Corp.* |
39,580 |
769,039 |
|||||||||
Equitrans Midstream Corp. |
53,240 |
512,169 |
|||||||||
Exxon Mobil Corp. |
554,446 |
33,178,050 |
|||||||||
Hess Corp. |
36,066 |
2,687,638 |
|||||||||
HollyFrontier Corp. |
19,581 |
632,858 |
|||||||||
Kinder Morgan, Inc. |
255,224 |
3,945,763 |
|||||||||
Marathon Oil Corp. |
103,234 |
1,599,095 |
|||||||||
Marathon Petroleum Corp. |
83,584 |
5,086,086 |
|||||||||
New Fortress Energy, Inc. |
5,416 |
134,804 |
|||||||||
Occidental Petroleum Corp. |
116,151 |
3,443,877 |
|||||||||
ONEOK, Inc. |
58,353 |
3,491,844 |
|||||||||
Ovintiv, Inc. |
34,184 |
1,188,236 |
|||||||||
Phillips 66 |
57,350 |
3,966,900 |
|||||||||
Pioneer Natural Resources Co. |
29,707 |
5,297,352 |
|||||||||
Targa Resources Corp. |
29,938 |
1,545,699 |
|||||||||
Texas Pacific Land Corp. |
808 |
976,686 |
|||||||||
Valero Energy Corp. |
53,533 |
3,583,499 |
|||||||||
Williams Cos., Inc. (The) |
159,084 |
4,261,860 |
|||||||||
137,247,691 |
|||||||||||
Semiconductors & Semiconductor Equipment — 0.8% |
|||||||||||
First Solar, Inc.* |
12,948 |
1,341,413 |
|||||||||
Total Common
Stocks (Cost $144,493,995) |
153,411,648 |
Investments |
Shares |
Value |
|||||||||
Securities Lending Reinvestments (c) — 0.1% |
|||||||||||
Investment Companies — 0.1% |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $159,838) |
159,838 |
$ |
159,838 |
||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 19.1% |
|||||||||||
Repurchase Agreements (d) — 19.1% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $33,459,581 (Cost $33,459,556) |
$ |
33,459,556 |
33,459,556 |
||||||||
Total Investments —
106.6% (Cost $178,113,389) |
187,031,042 |
||||||||||
Liabilities in excess of other assets — (6.6%) |
(11,589,481 |
) |
|||||||||
Net Assets — 100.0% |
$ |
175,441,561 |
* 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 $67,531,804.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $216,158, collateralized in the form of cash with a value of $159,838 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $71,974 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 6.13%, and maturity dates ranging from January 27, 2022 - February 15, 2050. The total value of collateral is $231,812.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $159,838.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
13,646,976 |
|||||
Aggregate gross unrealized depreciation |
(19,521,393 |
) |
|||||
Net unrealized depreciation |
$ |
(5,874,417 |
) |
||||
Federal income tax cost |
$ |
179,786,691 |
See accompanying notes to the financial statements.
72 :: DIG ULTRA OIL & GAS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Swap Agreementsa
Ultra Oil & Gas had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
37,314,602 |
5/8/2023 |
Bank of America NA |
0.37 |
% |
Dow Jones U.S. Oil & GasSM Index |
(1,968,805 |
) |
1,968,784 |
21 |
— |
|||||||||||||||||||||||||
54,027,901 |
11/6/2023 |
Citibank NA |
0.37 |
% |
Dow Jones U.S. Oil & GasSM Index |
(2,248,337 |
) |
2,189,162 |
59,175 |
— |
|||||||||||||||||||||||||
21,211,401 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
Dow Jones U.S. Oil & GasSM Index |
(4,693,962 |
) |
4,668,136 |
25,826 |
— |
|||||||||||||||||||||||||
14,133,627 |
11/7/2022 |
Morgan Stanley & Co. International plc |
(0.09 |
)% |
Dow Jones U.S. Oil & GasSM Index |
1,982,352 |
— |
(1,982,352 |
) |
— |
|||||||||||||||||||||||||
33,964,544 |
3/7/2023 |
Societe Generale |
0.62 |
% |
Dow Jones U.S. Oil & GasSM Index |
(2,829,156 |
) |
2,817,010 |
12,146 |
— |
|||||||||||||||||||||||||
37,383,101 |
3/7/2023 |
UBS AG |
0.07 |
% |
Dow Jones U.S. Oil & GasSM Index |
(3,360,860 |
) |
3,340,189 |
20,671 |
— |
|||||||||||||||||||||||||
198,035,176 |
(13,118,768 |
) |
|||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
1,982,352 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(15,101,120 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA OIL & GAS DIG :: 73
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 90.1% |
|||||||||||
Automobiles — 5.5% |
|||||||||||
Tesla, Inc.* |
296,158 |
$ |
339,029,832 |
||||||||
Beverages — 1.8% |
|||||||||||
Keurig Dr Pepper, Inc. |
515,391 |
17,518,140 |
|||||||||
Monster Beverage Corp.* |
192,201 |
16,102,600 |
|||||||||
PepsiCo, Inc. |
502,537 |
80,295,362 |
|||||||||
113,916,102 |
|||||||||||
Biotechnology — 3.2% |
|||||||||||
Amgen, Inc. |
206,472 |
41,063,151 |
|||||||||
Biogen, Inc.* |
54,161 |
12,767,914 |
|||||||||
Gilead Sciences, Inc. |
455,888 |
31,424,360 |
|||||||||
Incyte Corp.* |
80,301 |
5,437,984 |
|||||||||
Moderna, Inc.* |
146,637 |
51,679,278 |
|||||||||
Regeneron Pharmaceuticals, Inc.* |
38,218 |
24,326,904 |
|||||||||
Seagen, Inc.* |
66,157 |
10,585,120 |
|||||||||
Vertex Pharmaceuticals, Inc.* |
94,332 |
17,634,424 |
|||||||||
194,919,135 |
|||||||||||
Commercial Services & Supplies — 0.5% |
|||||||||||
Cintas Corp. |
37,440 |
15,806,793 |
|||||||||
Copart, Inc.* |
86,004 |
12,484,341 |
|||||||||
28,291,134 |
|||||||||||
Communications Equipment — 1.4% |
|||||||||||
Cisco Systems, Inc. |
1,532,142 |
84,022,667 |
|||||||||
Electric Utilities — 0.7% |
|||||||||||
American Electric Power Co., Inc. |
181,897 |
14,742,752 |
|||||||||
Exelon Corp. |
355,539 |
18,747,571 |
|||||||||
Xcel Energy, Inc. |
195,775 |
12,476,741 |
|||||||||
45,967,064 |
|||||||||||
Electronic Equipment, Instruments & Components — 0.2% |
|||||||||||
CDW Corp. |
49,992 |
9,466,485 |
|||||||||
Entertainment — 2.3% |
|||||||||||
Activision Blizzard, Inc. |
282,781 |
16,570,967 |
|||||||||
Electronic Arts, Inc. |
103,481 |
12,854,410 |
|||||||||
NetEase, Inc., ADR |
109,311 |
11,776,074 |
|||||||||
Netflix, Inc.* |
160,927 |
103,299,041 |
|||||||||
144,500,492 |
|||||||||||
Food & Staples Retailing — 1.6% |
|||||||||||
Costco Wholesale Corp. |
160,655 |
86,654,094 |
|||||||||
Walgreens Boots Alliance, Inc. |
314,511 |
14,090,093 |
|||||||||
100,744,187 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Food Products — 0.7% |
|||||||||||
Kraft Heinz Co. (The) |
444,813 |
$ |
14,950,165 |
||||||||
Mondelez International, Inc., Class A |
508,247 |
29,956,078 |
|||||||||
44,906,243 |
|||||||||||
Health Care Equipment & Supplies — 1.6% |
|||||||||||
Align Technology, Inc.* |
28,717 |
17,561,307 |
|||||||||
Dexcom, Inc.* |
35,167 |
19,784,603 |
|||||||||
IDEXX Laboratories, Inc.* |
30,931 |
18,808,213 |
|||||||||
Intuitive Surgical, Inc.* |
129,804 |
42,100,629 |
|||||||||
98,254,752 |
|||||||||||
Health Care Technology — 0.1% |
|||||||||||
Cerner Corp. |
107,451 |
7,569,923 |
|||||||||
Hotels, Restaurants & Leisure — 1.6% |
|||||||||||
Booking Holdings, Inc.* |
14,933 |
31,386,926 |
|||||||||
Marriott International, Inc., Class A* |
118,411 |
17,472,727 |
|||||||||
Starbucks Corp. |
428,718 |
47,004,642 |
|||||||||
Trip.com Group Ltd., ADR* |
192,046 |
5,281,265 |
|||||||||
101,145,560 |
|||||||||||
Industrial Conglomerates — 0.8% |
|||||||||||
Honeywell International, Inc. |
251,034 |
50,769,116 |
|||||||||
Interactive Media & Services — 10.2% |
|||||||||||
Alphabet, Inc., Class A* |
71,960 |
204,218,882 |
|||||||||
Alphabet, Inc., Class C* |
76,495 |
217,937,315 |
|||||||||
Baidu, Inc., ADR* |
91,872 |
13,766,100 |
|||||||||
Match Group, Inc.* |
100,616 |
13,079,074 |
|||||||||
Meta Platforms, Inc., Class A* |
569,573 |
184,803,656 |
|||||||||
633,805,027 |
|||||||||||
Internet & Direct Marketing Retail — 8.0% |
|||||||||||
Amazon.com, Inc.* |
121,025 |
424,443,147 |
|||||||||
eBay, Inc. |
236,323 |
15,942,349 |
|||||||||
JD.com, Inc., ADR* |
287,072 |
24,145,626 |
|||||||||
MercadoLibre, Inc.* |
18,082 |
21,488,830 |
|||||||||
Pinduoduo, Inc., ADR* |
138,884 |
9,235,786 |
|||||||||
495,255,738 |
|||||||||||
IT Services — 3.1% |
|||||||||||
Automatic Data Processing, Inc. |
153,842 |
35,520,579 |
|||||||||
Cognizant Technology
Solutions Corp., Class A |
191,120 |
14,903,538 |
|||||||||
Fiserv, Inc.* |
240,721 |
23,234,391 |
|||||||||
Okta, Inc.* |
52,155 |
11,225,321 |
|||||||||
Paychex, Inc. |
130,834 |
15,595,413 |
See accompanying notes to the financial statements.
74 :: QLD ULTRA QQQ :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
PayPal Holdings, Inc.* |
427,241 |
$ |
78,992,588 |
||||||||
VeriSign, Inc.* |
40,671 |
9,757,380 |
|||||||||
189,229,210 |
|||||||||||
Leisure Products — 0.1% |
|||||||||||
Peloton Interactive, Inc., Class A* |
98,739 |
4,344,516 |
|||||||||
Life Sciences Tools & Services — 0.3% |
|||||||||||
Illumina, Inc.* |
56,908 |
20,790,200 |
|||||||||
Machinery — 0.2% |
|||||||||||
PACCAR, Inc. |
126,229 |
10,530,023 |
|||||||||
Media — 2.3% |
|||||||||||
Charter
Communications, Inc., Class A*(b) |
66,804 |
43,174,089 |
|||||||||
Comcast Corp., Class A |
1,665,391 |
83,236,242 |
|||||||||
Fox Corp., Class A |
117,586 |
4,198,996 |
|||||||||
Fox Corp., Class B |
91,398 |
3,070,973 |
|||||||||
Sirius XM Holdings, Inc. (b) |
1,472,727 |
8,983,635 |
|||||||||
142,663,935 |
|||||||||||
Multiline Retail — 0.2% |
|||||||||||
Dollar Tree, Inc.* |
81,774 |
10,943,814 |
|||||||||
Professional Services — 0.2% |
|||||||||||
Verisk Analytics, Inc. |
58,659 |
13,190,649 |
|||||||||
Road & Rail — 0.5% |
|||||||||||
CSX Corp. |
819,311 |
28,397,319 |
|||||||||
Semiconductors & Semiconductor Equipment — 15.3% |
|||||||||||
Advanced Micro Devices, Inc.* |
440,976 |
69,837,369 |
|||||||||
Analog Devices, Inc. |
195,412 |
35,223,013 |
|||||||||
Applied Materials, Inc. |
328,227 |
48,311,732 |
|||||||||
ASML Holding NV, NYRS |
29,605 |
23,432,654 |
|||||||||
Broadcom, Inc. |
149,166 |
82,590,231 |
|||||||||
Intel Corp. |
1,475,112 |
72,575,510 |
|||||||||
KLA Corp. |
55,539 |
22,667,132 |
|||||||||
Lam Research Corp. |
51,609 |
35,086,379 |
|||||||||
Marvell Technology, Inc. |
299,547 |
21,318,760 |
|||||||||
Microchip Technology, Inc. |
199,278 |
16,625,764 |
|||||||||
Micron Technology, Inc. |
409,310 |
34,382,040 |
|||||||||
NVIDIA Corp. |
909,116 |
297,062,744 |
|||||||||
NXP Semiconductors NV |
96,363 |
21,523,640 |
|||||||||
QUALCOMM, Inc. |
410,202 |
74,066,073 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Skyworks Solutions, Inc. |
60,040 |
$ |
9,105,666 |
||||||||
Texas Instruments, Inc. |
335,501 |
64,540,327 |
|||||||||
Xilinx, Inc. |
89,973 |
20,554,332 |
|||||||||
948,903,366 |
|||||||||||
Software — 15.3% |
|||||||||||
Adobe, Inc.* |
173,232 |
116,039,455 |
|||||||||
ANSYS, Inc.* |
31,727 |
12,420,486 |
|||||||||
Atlassian Corp. plc, Class A* |
49,923 |
18,787,023 |
|||||||||
Autodesk, Inc.* |
80,003 |
20,335,963 |
|||||||||
Cadence Design Systems, Inc.* |
100,646 |
17,860,639 |
|||||||||
Check Point Software Technologies Ltd.* |
48,289 |
5,375,049 |
|||||||||
Crowdstrike Holdings, Inc., Class A* |
72,442 |
15,730,056 |
|||||||||
DocuSign, Inc.* |
70,848 |
17,454,113 |
|||||||||
Intuit, Inc. |
99,358 |
64,811,223 |
|||||||||
Microsoft Corp. |
1,795,662 |
593,627,901 |
|||||||||
Splunk, Inc.* |
59,621 |
7,214,141 |
|||||||||
Synopsys, Inc.* |
55,448 |
18,907,768 |
|||||||||
Workday, Inc., Class A* |
69,454 |
19,046,370 |
|||||||||
Zoom Video
Communications, Inc., Class A* |
87,551 |
18,509,157 |
|||||||||
946,119,344 |
|||||||||||
Specialty Retail — 0.5% |
|||||||||||
O'Reilly Automotive, Inc.* |
25,069 |
15,998,033 |
|||||||||
Ross Stores, Inc. |
129,858 |
14,166,209 |
|||||||||
30,164,242 |
|||||||||||
Technology Hardware, Storage & Peripherals — 10.6% |
|||||||||||
Apple, Inc. |
3,950,361 |
652,994,673 |
|||||||||
Textiles, Apparel & Luxury Goods — 0.3% |
|||||||||||
Lululemon Athletica, Inc.* |
45,409 |
20,634,304 |
|||||||||
Trading Companies & Distributors — 0.2% |
|||||||||||
Fastenal Co. |
208,975 |
12,365,051 |
|||||||||
Wireless Telecommunication Services — 0.8% |
|||||||||||
T-Mobile US, Inc.* |
453,761 |
49,373,734 |
|||||||||
Total Common
Stocks (Cost $5,124,455,726) |
5,573,207,837 |
||||||||||
Securities Lending Reinvestments(c) — 0.1% |
|||||||||||
Investment Companies — 0.1% |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $6,158,913) |
6,158,913 |
6,158,913 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA QQQ QLD :: 75
Investments |
Principal
Amount |
Value |
|||||||||
Short-Term Investments — 8.0% |
|||||||||||
Repurchase Agreements (d) — 1.6% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $97,108,760 (Cost $97,108,684) |
$ |
97,108,684 |
$ |
97,108,684 |
|||||||
U.S. Treasury Obligations — 6.4% |
|||||||||||
U.S. Treasury
Bills 0.07%, 7/14/2022(e) (Cost $399,837,500) |
400,000,000 |
399,724,376 |
|||||||||
Total Short-Term
Investments (Cost $496,946,184) |
496,833,060 |
||||||||||
Total Investments —
98.2% (Cost $5,627,560,823) |
6,076,199,810 |
||||||||||
Other assets less liabilities — 1.8% |
110,409,052 |
||||||||||
Net Assets — 100.0% |
$ |
6,186,608,862 |
* 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 $872,909,949.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $10,001,402, collateralized in the form of cash with a value of $6,158,913 that was reinvested in the securities shown in the Securities Lending Reinvestment section of
the Schedule of Investments and $4,560,309 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 6.88%, and maturity dates ranging from December 9, 2021 - May 15, 2051. The total value of collateral is $10,719,222.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $6,158,913.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(e) The rate shown was the current yield as of November 30, 2021.
Abbreviations
ADR American Depositary Receipt
NYRS New York Registry Shares
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
827,515,083 |
|||||
Aggregate gross unrealized depreciation |
(307,760,999 |
) |
|||||
Net unrealized appreciation |
$ |
519,754,084 |
|||||
Federal income tax cost |
$ |
5,631,327,880 |
Futures Contracts Purchased
Ultra QQQ had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
NASDAQ 100 E-Mini Index |
2,336 |
12/17/2021 |
USD |
$ |
754,551,360 |
$ |
30,881,162 |
Swap Agreementsa
Ultra QQQ had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
278,409,164 |
11/6/2023 |
Bank of America NA |
0.67 |
% |
NASDAQ-100
Index® |
5,395,157 |
(5,395,157 |
) |
— |
— |
|||||||||||||||||||||||||
983,645,683 |
5/8/2023 |
BNP Paribas SA |
0.72 |
% |
NASDAQ-100
Index® |
(18,007,822 |
) |
17,355,492 |
652,330 |
— |
|||||||||||||||||||||||||
876,374,087 |
4/10/2023 |
Citibank NA |
0.73 |
% |
NASDAQ-100
Index® |
(9,683,061 |
) |
9,065,077 |
617,984 |
— |
|||||||||||||||||||||||||
630,704,705 |
4/10/2023 |
Credit Suisse
International |
0.67 |
% |
NASDAQ-100
Index® |
(7,742,100 |
) |
— |
7,742,100 |
— |
See accompanying notes to the financial statements.
76 :: QLD ULTRA QQQ :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
541,973,281 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
NASDAQ-100 Index® |
(8,379,205 |
) |
||||||||||||||||||||||||||||
603,247,132 |
3/7/2023 |
Goldman Sachs International |
0.47 |
% |
PowerShares QQQ TrustSM, Series 1 |
(13,033,211 |
) |
||||||||||||||||||||||||||||
1,145,220,413 |
(21,412,416 |
) |
19,316,738 |
2,095,678 |
— |
||||||||||||||||||||||||||||||
343,098,067 |
5/8/2023 |
J.P. Morgan
Securities |
0.47 |
% |
NASDAQ-100
Index® |
(4,169,183 |
) |
160,320 |
4,008,863 |
— |
|||||||||||||||||||||||||
294,330,396 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.47 |
% |
PowerShares QQQ TrustSM, Series 1 |
89,149,254 |
|||||||||||||||||||||||||||||
327,526,904 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.47 |
% |
NASDAQ-100 Index® |
36,203,189 |
|||||||||||||||||||||||||||||
621,857,300 |
125,352,443 |
— |
(125,352,443 |
) |
— |
||||||||||||||||||||||||||||||
357,104,046 |
3/7/2023 |
Societe
Generale |
0.87 |
% |
NASDAQ-100
Index® |
(15,256,433 |
) |
15,252,565 |
3,868 |
— |
|||||||||||||||||||||||||
812,040,174 |
3/7/2023 |
UBS AG |
0.87 |
% |
NASDAQ-100
Index® |
(10,475,593 |
) |
10,287,079 |
188,514 |
— |
|||||||||||||||||||||||||
6,048,453,639 |
44,000,992 |
||||||||||||||||||||||||||||||||||
Total Unrealized Appreciation |
130,747,600 |
||||||||||||||||||||||||||||||||||
Total Unrealized Depreciation |
(86,746,608 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA QQQ QLD :: 77
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 80.0% |
|||||||||||
Equity Real Estate Investment Trusts (REITs) — 72.6% |
|||||||||||
Alexandria Real Estate Equities, Inc. |
9,187 |
$ |
1,838,043 |
||||||||
American Campus Communities, Inc. |
9,219 |
476,991 |
|||||||||
American Homes 4 Rent, Class A |
18,146 |
727,473 |
|||||||||
American Tower Corp. |
30,155 |
7,915,084 |
|||||||||
Americold Realty Trust |
17,107 |
558,372 |
|||||||||
Apartment Income REIT Corp. |
10,399 |
527,853 |
|||||||||
AvalonBay Communities, Inc. |
9,249 |
2,209,309 |
|||||||||
Boston Properties, Inc. |
9,416 |
1,015,421 |
|||||||||
Brixmor Property Group, Inc. |
19,676 |
447,432 |
|||||||||
Camden Property Trust |
6,662 |
1,100,629 |
|||||||||
CoreSite Realty Corp. |
2,929 |
501,005 |
|||||||||
Corporate Office Properties Trust |
7,443 |
190,987 |
|||||||||
Cousins Properties, Inc. |
9,852 |
372,012 |
|||||||||
Crown Castle International Corp. |
28,633 |
5,201,184 |
|||||||||
CubeSmart |
14,247 |
768,198 |
|||||||||
CyrusOne, Inc. |
8,216 |
731,388 |
|||||||||
Digital Realty Trust, Inc. |
18,733 |
3,142,273 |
|||||||||
Douglas Emmett, Inc. |
11,627 |
381,017 |
|||||||||
Duke Realty Corp. |
25,067 |
1,462,158 |
|||||||||
EastGroup Properties, Inc. |
2,674 |
544,694 |
|||||||||
Equinix, Inc. |
5,948 |
4,830,966 |
|||||||||
Equity Commonwealth* |
8,078 |
205,585 |
|||||||||
Equity LifeStyle Properties, Inc. |
11,323 |
920,560 |
|||||||||
Equity Residential |
22,578 |
1,926,129 |
|||||||||
Essex Property Trust, Inc. |
4,308 |
1,462,308 |
|||||||||
Extra Space Storage, Inc. |
8,866 |
1,773,200 |
|||||||||
Federal Realty Investment Trust |
4,638 |
568,943 |
|||||||||
First Industrial Realty Trust, Inc. |
8,557 |
516,928 |
|||||||||
Gaming and Leisure Properties, Inc. |
14,748 |
665,430 |
|||||||||
Healthcare Realty Trust, Inc. |
9,641 |
301,956 |
|||||||||
Healthcare Trust of America, Inc., Class A |
14,499 |
492,386 |
|||||||||
Healthpeak Properties, Inc. |
35,707 |
1,173,332 |
|||||||||
Highwoods Properties, Inc. |
6,902 |
298,166 |
|||||||||
Host Hotels & Resorts, Inc.* |
47,304 |
742,673 |
|||||||||
Hudson Pacific Properties, Inc. |
10,101 |
245,858 |
|||||||||
Invitation Homes, Inc. |
38,192 |
1,544,485 |
|||||||||
Iron Mountain, Inc. |
19,178 |
871,448 |
|||||||||
JBG SMITH Properties |
7,691 |
213,733 |
|||||||||
Kilroy Realty Corp. |
6,945 |
448,161 |
|||||||||
Kimco Realty Corp. |
40,646 |
911,283 |
|||||||||
Lamar Advertising Co., Class A |
5,750 |
628,245 |
|||||||||
Lexington Realty Trust |
18,395 |
276,845 |
|||||||||
Life Storage, Inc. |
5,188 |
685,542 |
|||||||||
Medical Properties Trust, Inc. |
39,466 |
840,231 |
|||||||||
Mid-America
Apartment Communities, Inc. |
7,686 |
1,585,238 |
|||||||||
National Health Investors, Inc. |
3,037 |
158,653 |
|||||||||
National Retail Properties, Inc. |
11,635 |
513,104 |
|||||||||
National Storage Affiliates Trust |
5,403 |
331,636 |
|||||||||
Omega Healthcare Investors, Inc. |
15,828 |
442,234 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Orion Office REIT, Inc.* |
3,599 |
$ |
63,950 |
||||||||
Physicians Realty Trust (b) |
14,404 |
256,823 |
|||||||||
PotlatchDeltic Corp. |
4,443 |
240,544 |
|||||||||
Prologis, Inc. |
48,996 |
7,386,147 |
|||||||||
PS Business Parks, Inc. |
1,332 |
233,366 |
|||||||||
Public Storage |
10,099 |
3,306,211 |
|||||||||
Rayonier, Inc. |
9,363 |
353,641 |
|||||||||
Realty Income Corp. |
35,981 |
2,443,830 |
|||||||||
Regency Centers Corp. |
10,128 |
702,276 |
|||||||||
Rexford Industrial Realty, Inc. |
9,124 |
639,410 |
|||||||||
Sabra Health Care REIT, Inc. |
14,631 |
189,179 |
|||||||||
SBA Communications Corp. |
7,253 |
2,493,581 |
|||||||||
Simon Property Group, Inc. |
21,772 |
3,327,633 |
|||||||||
SL Green Realty Corp. |
4,448 |
308,825 |
|||||||||
Spirit Realty Capital, Inc. |
7,891 |
351,623 |
|||||||||
STAG Industrial, Inc. |
10,734 |
467,788 |
|||||||||
STORE Capital Corp. |
16,202 |
533,694 |
|||||||||
Sun Communities, Inc. |
7,681 |
1,448,483 |
|||||||||
UDR, Inc. |
18,483 |
1,048,541 |
|||||||||
Ventas, Inc. |
26,053 |
1,222,407 |
|||||||||
VICI Properties, Inc. (b) |
40,596 |
1,104,211 |
|||||||||
Vornado Realty Trust |
10,532 |
422,755 |
|||||||||
Welltower, Inc. |
27,998 |
2,229,201 |
|||||||||
Weyerhaeuser Co. |
49,677 |
1,868,352 |
|||||||||
WP Carey, Inc. |
12,208 |
932,081 |
|||||||||
89,261,333 |
|||||||||||
Mortgage Real Estate Investment Trusts (REITs) — 2.0% |
|||||||||||
AGNC Investment Corp. |
34,789 |
531,924 |
|||||||||
Annaly Capital Management, Inc. |
95,692 |
775,105 |
|||||||||
Blackstone Mortgage Trust, Inc., Class A |
11,057 |
331,710 |
|||||||||
New Residential Investment Corp. |
30,912 |
328,595 |
|||||||||
Starwood Property Trust, Inc. |
19,099 |
476,711 |
|||||||||
2,444,045 |
|||||||||||
Professional Services — 1.7% |
|||||||||||
CoStar Group, Inc.* |
26,169 |
2,034,901 |
|||||||||
Real Estate Management & Development — 3.7% |
|||||||||||
CBRE Group, Inc., Class A* |
22,243 |
2,125,764 |
|||||||||
Compass, Inc., Class A*(b) |
1,831 |
17,504 |
|||||||||
Howard Hughes Corp. (The)* |
2,741 |
224,735 |
|||||||||
Jones Lang LaSalle, Inc.* |
3,360 |
789,298 |
|||||||||
Opendoor Technologies, Inc.*(b) |
25,237 |
399,754 |
|||||||||
Redfin Corp.*(b) |
6,951 |
282,836 |
|||||||||
Zillow Group, Inc., Class A* |
2,404 |
130,080 |
|||||||||
Zillow Group, Inc., Class C* |
11,050 |
599,683 |
|||||||||
4,569,654 |
|||||||||||
Total Common
Stocks (Cost $95,894,317) |
98,309,933 |
See accompanying notes to the financial statements.
78 :: URE ULTRA REAL ESTATE :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Principal Amount |
Value |
|||||||||
Short-Term Investments — 19.7% |
|||||||||||
Repurchase Agreements (c) — 19.7% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $24,228,492 (Cost $24,228,473) |
$ |
24,228,473 |
$ |
24,228,473 |
|||||||
Total Investments —
99.7% (Cost $120,122,790) |
122,538,406 |
||||||||||
Other assets less liabilities — 0.3% |
394,886 |
||||||||||
Net Assets — 100.0% |
$ |
122,933,292 |
* 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 $31,794,445.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $476,287, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 30, 2021 - November 15, 2050. The total value of collateral is $499,105.
(c) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
9,936,055 |
|||||
Aggregate gross unrealized depreciation |
(9,751,822 |
) |
|||||
Net unrealized appreciation |
$ |
184,233 |
|||||
Federal income tax cost |
$ |
120,310,833 |
Swap Agreementsa
Ultra Real Estate had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
18,835,782 | 5/8/2023 |
Bank of America NA |
1.02 |
% |
Dow Jones U.S.
Real EstateSM Index |
(451,313 |
) |
51,298 |
400,015 |
— |
|||||||||||||||||||||||||
20,716,571 | 5/8/2023 |
BNP Paribas SA |
0.67 |
% |
Dow Jones U.S.
Real EstateSM Index |
(678,091 |
) |
362,103 |
315,988 |
— |
|||||||||||||||||||||||||
24,771,695 | 11/7/2022 |
Citibank NA |
0.77 |
% |
Dow Jones U.S.
Real EstateSM Index |
1,251,688 |
— |
(1,251,688 |
) |
— |
|||||||||||||||||||||||||
40,920,994 | 3/7/2023 |
Goldman
Sachs International |
0.67 |
% |
Dow Jones U.S.
Real EstateSM Index |
(1,085,774 |
) |
— |
1,085,774 |
— |
|||||||||||||||||||||||||
212,770 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.13 |
% |
Dow Jones U.S. Real EstateSM Index |
51,717 |
— |
(51,717 |
) |
— |
|||||||||||||||||||||||||
40,353,468 | 3/7/2023 |
Societe Generale |
0.77 |
% |
Dow Jones U.S.
Real EstateSM Index |
(1,073,248 |
) |
1,045,061 |
28,187 |
— |
|||||||||||||||||||||||||
2,263,858 | 3/7/2023 |
UBS AG |
0.42 |
% |
Dow Jones U.S.
Real EstateSM Index |
(58,319 |
) |
— |
58,319 |
— |
|||||||||||||||||||||||||
148,075,138 |
|
(2,043,340 |
) |
||||||||||||||||||||||||||||||||
|
Total Unrealized
Appreciation |
1,303,405 |
|||||||||||||||||||||||||||||||||
|
Total Unrealized
Depreciation |
(3,346,745 |
) |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA REAL ESTATE URE :: 79
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
See accompanying notes to the financial statements.
80 :: URE ULTRA REAL ESTATE :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 78.6% |
|||||||||||||||
Ambarella, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.2 |
% |
2,824 |
$ |
506,964 |
||||||||||
AMC Entertainment
Holdings, Inc., Class A*(b) (Entertainment) |
0.5 |
% |
41,736 |
1,416,521 |
|||||||||||
Arrowhead
Pharmaceuticals, Inc.* (Biotechnology) |
0.2 |
% |
8,191 |
573,780 |
|||||||||||
Asana, Inc., Class
A* (Software) |
0.2 |
% |
5,976 |
621,205 |
|||||||||||
ASGN, Inc.*
(Professional Services) |
0.2 |
% |
4,194 |
510,326 |
|||||||||||
Avis Budget Group,
Inc.* (Road & Rail) |
0.4 |
% |
3,937 |
1,081,061 |
|||||||||||
Biohaven
Pharmaceutical Holding Co. Ltd.* (Biotechnology) |
0.2 |
% |
4,501 |
505,192 |
|||||||||||
BJ's Wholesale Club
Holdings, Inc.* (Food & Staples Retailing) |
0.2 |
% |
11,077 |
732,744 |
|||||||||||
Blackline, Inc.* (Software) |
0.2 |
% |
4,335 |
477,067 |
|||||||||||
Blueprint Medicines
Corp.* (Biotechnology) |
0.1 |
% |
4,728 |
454,834 |
|||||||||||
Chart Industries,
Inc.* (Machinery) |
0.2 |
% |
2,947 |
514,399 |
|||||||||||
Chesapeake Energy
Corp. (Oil, Gas & Consumable Fuels) |
0.2 |
% |
8,481 |
504,959 |
|||||||||||
Crocs, Inc.*
(Textiles, Apparel & Luxury Goods) |
0.3 |
% |
4,992 |
818,788 |
|||||||||||
EastGroup
Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.2 |
% |
3,213 |
654,488 |
|||||||||||
EMCOR Group, Inc.
(Construction & Engineering) |
0.2 |
% |
4,310 |
514,355 |
|||||||||||
Exponent, Inc.
(Professional Services) |
0.2 |
% |
4,197 |
488,951 |
|||||||||||
First Financial
Bankshares, Inc. (Banks) |
0.2 |
% |
10,492 |
523,761 |
|||||||||||
Fox Factory Holding
Corp.* (Auto Components) |
0.2 |
% |
3,414 |
600,079 |
|||||||||||
Glacier Bancorp, Inc. (Banks) |
0.2 |
% |
8,907 |
483,650 |
|||||||||||
Goodyear Tire &
Rubber Co. (The)* (Auto Components) |
0.1 |
% |
22,331 |
449,076 |
|||||||||||
Helen of Troy
Ltd.*(b) (Household Durables) |
0.1 |
% |
1,948 |
468,494 |
|||||||||||
Houlihan Lokey, Inc.
(Capital Markets) |
0.1 |
% |
4,128 |
448,053 |
|||||||||||
II-VI, Inc.*
(Electronic Equipment, Instruments & Components) |
0.2 |
% |
8,452 |
528,504 |
|||||||||||
Innovative
Industrial Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.2 |
% |
1,915 |
491,829 |
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
Inspire Medical
Systems, Inc.* (Health Care Technology) |
0.2 |
% |
2,173 |
$ |
485,166 |
||||||||||
Intellia
Therapeutics, Inc.* (Biotechnology) |
0.2 |
% |
5,566 |
640,146 |
|||||||||||
KBR, Inc.
(Professional Services) |
0.2 |
% |
11,430 |
502,920 |
|||||||||||
Lattice
Semiconductor Corp.* (Semiconductors & Semiconductor Equipment) |
0.3 |
% |
10,965 |
832,572 |
|||||||||||
Macy's, Inc. (Multiline Retail) |
0.2 |
% |
25,355 |
722,618 |
|||||||||||
Medpace Holdings,
Inc.* (Life Sciences Tools & Services) |
0.2 |
% |
2,343 |
485,962 |
|||||||||||
MicroStrategy, Inc.,
Class A*(b) (Software) |
0.1 |
% |
634 |
457,387 |
|||||||||||
Novanta, Inc.*
(Electronic Equipment, Instruments & Components) |
0.1 |
% |
2,852 |
460,455 |
|||||||||||
Omnicell, Inc.*
(Health Care Technology) |
0.2 |
% |
3,477 |
615,429 |
|||||||||||
Ovintiv, Inc. (Oil,
Gas & Consumable Fuels) |
0.2 |
% |
21,175 |
736,043 |
|||||||||||
Performance Food
Group Co.* (Food & Staples Retailing) |
0.2 |
% |
12,252 |
493,878 |
|||||||||||
Power Integrations,
Inc. (Semiconductors & Semiconductor Equipment) |
0.2 |
% |
4,880 |
488,146 |
|||||||||||
Rapid7, Inc.*(b) (Software) |
0.2 |
% |
4,485 |
556,409 |
|||||||||||
RBC Bearings,
Inc.*(b) (Machinery) |
0.1 |
% |
2,260 |
446,779 |
|||||||||||
Saia, Inc.* (Road & Rail) |
0.2 |
% |
2,143 |
709,719 |
|||||||||||
Scientific Games
Corp.* (Hotels, Restaurants & Leisure) |
0.2 |
% |
7,772 |
496,786 |
|||||||||||
Semtech Corp.*
(Semiconductors & Semiconductor Equipment) |
0.1 |
% |
5,227 |
447,797 |
|||||||||||
Shockwave Medical,
Inc.* (Health Care Equipment & Supplies) |
0.2 |
% |
2,727 |
491,514 |
|||||||||||
Silicon
Laboratories, Inc.* (Semiconductors & Semiconductor Equipment) |
0.2 |
% |
3,589 |
704,413 |
|||||||||||
STAG Industrial,
Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.2 |
% |
13,197 |
575,125 |
|||||||||||
Synaptics, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.3 |
% |
2,852 |
804,948 |
|||||||||||
Tenet Healthcare
Corp.* (Health Care Providers & Services) |
0.2 |
% |
8,583 |
625,443 |
|||||||||||
Tetra Tech, Inc.
(Commercial Services & Supplies) |
0.3 |
% |
4,358 |
804,835 |
|||||||||||
Texas Roadhouse,
Inc. (Hotels, Restaurants & Leisure) |
0.1 |
% |
5,657 |
469,192 |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA RUSSELL2000 UWM :: 81
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
WillScot Mobile Mini
Holdings Corp.* (Construction & Engineering) |
0.2 |
% |
16,900 |
$ |
643,721 |
||||||||||
Workiva, Inc.* (Software) |
0.2 |
% |
3,461 |
482,706 |
|||||||||||
Other Common Stocks (b) |
68.6 |
% |
8,677,079 |
203,927,191 |
|||||||||||
Total Common Stocks
(Cost $264,522,662) |
233,476,380 |
||||||||||||||
Principal Amount |
|||||||||||||||
Corporate Bond — 0.0% (c) |
|||||||||||||||
GAMCO Investors,
Inc. 4.00%, 6/15/2023 (d) (Cost $2,000) |
0.0 |
% |
$ |
2,000 |
1,980 |
||||||||||
No.
of Rights |
|||||||||||||||
Rights — 0.0% (c) |
|||||||||||||||
ANI Pharmaceuticals,
Inc., CVR, expiring 12/31/50*(e)(f) |
0.0 |
% |
2 |
— |
|||||||||||
Contra Aduro Biotech
I, CVR*(e)(f) |
0.0 |
% |
687 |
— |
|||||||||||
Contraf-Nicotex-Tobacco
GmbH*(e)(f) |
0.0 |
% |
2,444 |
1,222 |
|||||||||||
Oncternal
Therapeutics, Inc., CVR*(e)(f) |
0.0 |
% |
42 |
— |
|||||||||||
Tobira Therapeutics,
Inc., CVR*(e)(f) |
0.0 |
% |
756 |
— |
|||||||||||
Total Rights
(Cost $1,951) |
1,222 |
||||||||||||||
Shares |
|||||||||||||||
Securities Lending Reinvestments (g) — 1.3% |
|||||||||||||||
Investment Companies — 1.3% |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $3,751,230) |
1.3 |
% |
3,751,230 |
3,751,230 |
|||||||||||
Principal Amount |
|||||||||||||||
Short-Term Investments — 45.7% |
|||||||||||||||
Repurchase Agreements (h) — 45.7% |
|||||||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $135,948,964 (Cost $135,948,857) |
$ |
135,948,857 |
135,948,857 |
||||||||||||
Total Investments —
125.6% (Cost $404,226,700) |
373,179,669 |
||||||||||||||
Liabilities in excess of other assets — (25.6%) |
(76,002,045 |
) |
|||||||||||||
Net Assets — 100.0% |
$ |
297,177,624 |
* 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 $68,143,135.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $7,959,421, collateralized in the form of cash with a value of $3,751,230 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $4,873,559 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - May 15, 2051. The total value of collateral is $8,624,789.
(c) Represents less than 0.05% of net assets.
(d) Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of November 30, 2021.
(e) Illiquid security.
(f) Security fair valued as of November 30, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at November 30, 2021 amounted to $1,222, which represents approximately 0.00% of net assets of the Fund.
(g) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $3,751,230.
(h) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements 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
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
7,871,604 |
|||||
Aggregate gross unrealized depreciation |
(68,569,562 |
) |
|||||
Net unrealized depreciation |
$ |
(60,697,958 |
) |
||||
Federal income tax cost |
$ |
406,275,042 |
See accompanying notes to the financial statements.
82 :: UWM ULTRA RUSSELL2000 :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Futures Contracts Purchased
Ultra Russell2000 had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value
and Unrealized Depreciation |
|||||||||||||||||||
Russell 2000 E-Mini Index |
268 |
12/17/2021 |
USD |
$ |
29,443,820 |
$ |
(401,691 |
) |
Swap Agreementsa
Ultra Russell2000 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
44,934,726 |
5/8/2023 |
Bank of America NA |
0.37% |
Russell
2000® Index |
(4,445,403 |
) |
4,444,127 |
1,276 |
— |
||||||||||||||||||||||||||
39,169,184 |
5/8/2023 |
BNP Paribas SA |
0.22% |
Russell
2000® Index |
(4,956,657 |
) |
4,645,661 |
310,996 |
— |
||||||||||||||||||||||||||
63,075,733 |
4/10/2023 |
Citibank NA |
0.36% |
Russell
2000® Index |
(4,112,619 |
) |
4,060,739 |
51,880 |
— |
||||||||||||||||||||||||||
49,167,628 |
3/7/2023 |
Goldman
Sachs International |
0.47% |
Russell
2000® Index |
(5,420,859 |
) |
5,345,955 |
74,904 |
— |
||||||||||||||||||||||||||
13,421,273 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.07% |
iShares® Russell 2000 ETF |
915,052 |
|
|||||||||||||||||||||||||||||
46,792,805 |
11/7/2022 |
Morgan Stanley & Co. International plc |
(0.19)% |
Russell 2000® Index |
3,817,493 |
|
|||||||||||||||||||||||||||||
60,214,078 |
|
|
4,732,545 |
— |
(4,732,545 |
) |
— |
||||||||||||||||||||||||||||
26,644,192 |
3/7/2023 |
Societe Generale |
0.42% |
Russell
2000® Index |
(7,569,087 |
) |
7,541,932 |
27,155 |
— |
||||||||||||||||||||||||||
48,538,739 |
3/7/2023 |
UBS AG |
0.07% |
Russell
2000® Index |
(5,428,814 |
) |
5,421,254 |
7,560 |
— |
||||||||||||||||||||||||||
331,744,280 |
|
(27,200,894 |
) |
||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
4,732,545 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(31,933,439 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA RUSSELL2000 UWM :: 83
Ultra Russell2000 invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Aerospace & Defense |
0.5 |
% |
|||||
Air Freight & Logistics |
0.3 |
% |
|||||
Airlines |
0.3 |
% |
|||||
Auto Components |
1.1 |
% |
|||||
Automobiles |
0.2 |
% |
|||||
Banks |
6.7 |
% |
|||||
Beverages |
0.3 |
% |
|||||
Biotechnology |
6.9 |
% |
|||||
Building Products |
1.0 |
% |
|||||
Capital Markets |
1.3 |
% |
|||||
Chemicals |
1.5 |
% |
|||||
Commercial Services & Supplies |
1.4 |
% |
|||||
Communications Equipment |
0.6 |
% |
|||||
Construction & Engineering |
1.2 |
% |
|||||
Construction Materials |
0.2 |
% |
|||||
Consumer Finance |
0.7 |
% |
|||||
Containers & Packaging |
0.2 |
% |
|||||
Distributors |
0.0 |
%* |
|||||
Diversified Consumer Services |
0.5 |
% |
|||||
Diversified Financial Services |
0.1 |
% |
|||||
Diversified Telecommunication Services |
0.5 |
% |
|||||
Electric Utilities |
0.5 |
% |
|||||
Electrical Equipment |
0.9 |
% |
|||||
Electronic Equipment, Instruments & Components |
1.8 |
% |
|||||
Energy Equipment & Services |
0.6 |
% |
|||||
Entertainment |
0.7 |
% |
|||||
Equity Real Estate Investment Trusts (REITs) |
5.0 |
% |
|||||
Food & Staples Retailing |
0.8 |
% |
|||||
Food Products |
0.7 |
% |
|||||
Gas Utilities |
0.6 |
% |
|||||
Health Care Equipment & Supplies |
2.5 |
% |
|||||
Health Care Providers & Services |
2.2 |
% |
|||||
Health Care Technology |
0.9 |
% |
|||||
Hotels, Restaurants & Leisure |
1.8 |
% |
|||||
Household Durables |
1.5 |
% |
|||||
Household Products |
0.2 |
% |
|||||
Independent Power and Renewable Electricity Producers |
0.3 |
% |
|||||
Insurance |
1.5 |
% |
|||||
Interactive Media & Services |
0.5 |
% |
|||||
Internet & Direct Marketing Retail |
0.5 |
% |
|||||
IT Services |
1.2 |
% |
|||||
Leisure Products |
0.4 |
% |
|||||
Life Sciences Tools & Services |
0.7 |
% |
|||||
Machinery |
2.9 |
% |
|||||
Marine |
0.1 |
% |
|||||
Media |
0.8 |
% |
|||||
Metals & Mining |
0.9 |
% |
|||||
Mortgage Real Estate Investment Trusts (REITs) |
1.0 |
% |
|||||
Multiline Retail |
0.4 |
% |
|||||
Multi-Utilities |
0.3 |
% |
|||||
Oil, Gas & Consumable Fuels |
2.9 |
% |
|||||
Paper & Forest Products |
0.1 |
% |
|||||
Personal Products |
0.4 |
% |
See accompanying notes to the financial statements.
84 :: UWM ULTRA RUSSELL2000 :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Pharmaceuticals |
1.1 |
% |
|||||
Professional Services |
1.4 |
% |
|||||
Real Estate Management & Development |
0.6 |
% |
|||||
Road & Rail |
0.9 |
% |
|||||
Semiconductors & Semiconductor Equipment |
2.9 |
% |
|||||
Software |
4.8 |
% |
|||||
Specialty Retail |
2.0 |
% |
|||||
Technology Hardware, Storage & Peripherals |
0.2 |
% |
|||||
Textiles, Apparel & Luxury Goods |
0.7 |
% |
|||||
Thrifts & Mortgage Finance |
1.2 |
% |
|||||
Tobacco |
0.1 |
% |
|||||
Trading Companies & Distributors |
1.2 |
% |
|||||
Water Utilities |
0.3 |
% |
|||||
Wireless Telecommunication Services |
0.1 |
% |
|||||
Othera |
21.4 |
% |
|||||
100.0 |
% |
* Amount represents less than 0.05%.
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA RUSSELL2000 UWM :: 85
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 84.2% |
|||||||||||||||
Abbott Laboratories
(Health Care Equipment & Supplies) |
0.5 |
% |
185,042 |
$ |
23,272,732 |
||||||||||
AbbVie, Inc. (Biotechnology) |
0.4 |
% |
184,453 |
21,263,742 |
|||||||||||
Accenture plc, Class
A (IT Services) |
0.5 |
% |
66,192 |
23,657,021 |
|||||||||||
Adobe, Inc.* (Software) |
0.7 |
% |
49,729 |
33,310,971 |
|||||||||||
Advanced Micro
Devices, Inc.* (Semiconductors & Semiconductor Equipment) |
0.4 |
% |
126,600 |
20,049,642 |
|||||||||||
Alphabet, Inc.,
Class A* (Interactive Media & Services) |
1.9 |
% |
31,425 |
89,182,579 |
|||||||||||
Alphabet, Inc.,
Class C* (Interactive Media & Services) |
1.7 |
% |
29,411 |
83,793,115 |
|||||||||||
Amazon.com, Inc.*
(Internet & Direct Marketing Retail) |
3.3 |
% |
45,461 |
159,434,909 |
|||||||||||
Apple, Inc.
(Technology Hardware, Storage & Peripherals) |
5.6 |
% |
1,639,097 |
270,942,733 |
|||||||||||
Bank of America
Corp. (Banks) |
0.7 |
% |
772,918 |
34,371,663 |
|||||||||||
Berkshire Hathaway,
Inc., Class B* (Diversified Financial Services) |
1.1 |
% |
193,480 |
53,533,981 |
|||||||||||
Broadcom, Inc.
(Semiconductors & Semiconductor Equipment) |
0.5 |
% |
42,820 |
23,708,578 |
|||||||||||
Chevron Corp. (Oil,
Gas & Consumable Fuels) |
0.5 |
% |
201,857 |
22,783,600 |
|||||||||||
Cisco Systems, Inc.
(Communications Equipment) |
0.5 |
% |
439,865 |
24,122,197 |
|||||||||||
Coca-Cola Co. (The)
(Beverages) |
0.4 |
% |
405,496 |
21,268,265 |
|||||||||||
Comcast Corp., Class
A (Media) |
0.5 |
% |
478,072 |
23,894,038 |
|||||||||||
Costco Wholesale
Corp. (Food & Staples Retailing) |
0.5 |
% |
46,145 |
24,889,690 |
|||||||||||
Danaher Corp. (Life
Sciences Tools & Services) |
0.5 |
% |
66,319 |
21,330,843 |
|||||||||||
Eli Lilly & Co.
(Pharmaceuticals) |
0.4 |
% |
82,864 |
20,553,587 |
|||||||||||
Exxon Mobil Corp.
(Oil, Gas & Consumable Fuels) |
0.6 |
% |
441,885 |
26,442,398 |
|||||||||||
Home Depot, Inc.
(The) (Specialty Retail) |
0.9 |
% |
110,977 |
44,458,496 |
|||||||||||
Intel Corp.
(Semiconductors & Semiconductor Equipment) |
0.4 |
% |
423,458 |
20,834,134 |
|||||||||||
Intuit, Inc. (Software) |
0.4 |
% |
28,521 |
18,604,248 |
|||||||||||
Johnson &
Johnson (Pharmaceuticals) |
0.9 |
% |
274,772 |
42,845,198 |
|||||||||||
JPMorgan Chase &
Co. (Banks) |
1.0 |
% |
311,894 |
49,538,124 |
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
Lowe's Cos., Inc.
(Specialty Retail) |
0.4 |
% |
73,783 |
$ |
18,046,584 |
||||||||||
Mastercard, Inc.,
Class A (IT Services) |
0.6 |
% |
90,927 |
28,634,731 |
|||||||||||
McDonald's Corp.
(Hotels, Restaurants & Leisure) |
0.4 |
% |
77,950 |
19,066,570 |
|||||||||||
Merck & Co.,
Inc. (Pharmaceuticals) |
0.4 |
% |
264,215 |
19,792,346 |
|||||||||||
Meta Platforms,
Inc., Class A* (Interactive Media & Services) |
1.7 |
% |
248,811 |
80,729,217 |
|||||||||||
Microsoft Corp. (Software) |
5.4 |
% |
784,374 |
259,306,201 |
|||||||||||
Netflix, Inc.* (Entertainment) |
0.6 |
% |
46,201 |
29,656,422 |
|||||||||||
NextEra Energy, Inc.
(Electric Utilities) |
0.4 |
% |
204,767 |
17,769,680 |
|||||||||||
NIKE, Inc., Class B
(Textiles, Apparel & Luxury Goods) |
0.5 |
% |
133,409 |
22,578,139 |
|||||||||||
NVIDIA Corp.
(Semiconductors & Semiconductor Equipment) |
1.8 |
% |
260,105 |
84,991,910 |
|||||||||||
PayPal Holdings,
Inc.* (IT Services) |
0.5 |
% |
122,646 |
22,676,019 |
|||||||||||
PepsiCo, Inc. (Beverages) |
0.5 |
% |
144,254 |
23,048,904 |
|||||||||||
Pfizer, Inc. (Pharmaceuticals) |
0.7 |
% |
585,208 |
31,443,226 |
|||||||||||
Procter & Gamble
Co. (The) (Household Products) |
0.8 |
% |
253,373 |
36,632,668 |
|||||||||||
QUALCOMM, Inc.
(Semiconductors & Semiconductor Equipment) |
0.4 |
% |
117,740 |
21,259,134 |
|||||||||||
salesforce.com,
Inc.* (Software) |
0.6 |
% |
101,408 |
28,897,224 |
|||||||||||
Tesla, Inc.* (Automobiles) |
2.0 |
% |
84,692 |
96,952,014 |
|||||||||||
Texas Instruments,
Inc. (Semiconductors & Semiconductor Equipment) |
0.4 |
% |
96,361 |
18,536,966 |
|||||||||||
Thermo Fisher
Scientific, Inc. (Life Sciences Tools & Services) |
0.5 |
% |
41,063 |
25,985,898 |
|||||||||||
UnitedHealth Group,
Inc. (Health Care Providers & Services) |
0.9 |
% |
98,421 |
43,720,577 |
|||||||||||
Verizon
Communications, Inc. (Diversified Telecommunication Services) |
0.5 |
% |
432,133 |
21,723,326 |
|||||||||||
Visa, Inc., Class A (IT Services) |
0.7 |
% |
176,154 |
34,133,361 |
|||||||||||
Walmart, Inc. (Food
& Staples Retailing) |
0.4 |
% |
149,166 |
20,977,214 |
|||||||||||
Walt Disney Co.
(The)* (Entertainment) |
0.6 |
% |
189,667 |
27,482,748 |
|||||||||||
Wells Fargo & Co. (Banks) |
0.4 |
% |
428,616 |
20,479,273 |
|||||||||||
Other Common Stocks (b) |
37.3 |
% |
19,070,865 |
1,792,605,874 |
|||||||||||
Total Common Stocks
(Cost $4,025,377,971) |
4,045,212,710 |
See accompanying notes to the financial statements.
86 :: SSO ULTRA S&P500® :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Securities Lending Reinvestments (c) — 0.0% (d) |
|||||||||||||||
Investment Companies — 0.0% (d) |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $390,817) |
0.0 |
% |
390,817 |
$ |
390,817 |
||||||||||
Principal
Amount |
|||||||||||||||
Short-Term Investments — 18.4% |
|||||||||||||||
Repurchase Agreements (e) — 1.8% |
|||||||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $86,874,950 (Cost $86,874,882) |
$ |
86,874,882 |
86,874,882 |
||||||||||||
U.S. Treasury Obligations — 16.6% |
U.S. Treasury Bills |
|||||||||||
0.04%, 2/24/2022 (b)(f) |
500,000,000 |
499,949,530 |
|||||||||
0.07%, 7/14/2022 (f) |
300,000,000 |
299,793,282 |
|||||||||
Total U.S. Treasury
Obligations (Cost $799,836,806) |
799,742,812 |
||||||||||
Total Short-Term
Investments (Cost $886,711,688) |
886,617,694 |
||||||||||
Total Investments —
102.6% (Cost $4,912,480,476) |
4,932,221,221 |
||||||||||
Liabilities in excess of other assets — (2.6%) |
(125,639,135 |
) |
|||||||||
Net Assets — 100.0% |
$ |
4,806,582,086 |
* 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 $1,025,378,776.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $3,466,790, collateralized in the form of cash with a value of $390,817 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $3,252,028 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - May 15, 2051. The total value of collateral is $3,642,845.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $390,817.
(d) Represents less than 0.05% of net assets.
(e) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
(f) The rate shown was the current yield as of November 30, 2021.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
230,166,714 |
|||||
Aggregate gross unrealized depreciation |
(421,368,294 |
) |
|||||
Net unrealized depreciation |
$ |
(191,201,580 |
) |
||||
Federal income tax cost |
$ |
4,972,981,063 |
Futures Contracts Purchased
Ultra S&P500® had the following open long futures contracts as of November 30, 2021:
Number
of Contracts |
Expiration Date |
Trading
Currency |
Notional Amount |
Value and
Unrealized Appreciation |
|||||||||||||||||||
S&P 500 E-Mini Index |
1,374 |
12/17/2021 |
USD |
$ |
313,701,375 |
$ |
10,817,816 |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA S&P500® SSO :: 87
Swap Agreementsa
Ultra S&P500® had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination Dateb |
Counterparty |
Rate
Paid (Received)c |
Underlying Instrument |
Value
and Unrealized Depreciationd ($) |
Financial Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net Amounte ($) |
|||||||||||||||||||||||||||
235,278,139 |
5/8/2023 |
Bank of America NA |
0.62 |
% |
S&P 500® |
(6,753,114 |
) |
6,753,064 |
50 |
— |
|||||||||||||||||||||||||
1,219,544,278 |
5/8/2023 |
BNP Paribas SA |
0.67 |
% |
S&P 500® |
(39,647,717 |
) |
38,087,395 |
1,560,322 |
— |
|||||||||||||||||||||||||
373,489,260 |
4/10/2023 |
Citibank NA |
0.73 |
% |
S&P 500® |
(9,115,331 |
) |
9,034,385 |
80,946 |
— |
|||||||||||||||||||||||||
345,667,096 |
4/10/2023 |
Credit
Suisse International |
0.67 |
% |
S&P 500® |
(9,932,447 |
) |
— |
9,932,447 |
— |
|||||||||||||||||||||||||
214,247,104 |
3/7/2023 |
Goldman
Sachs International |
0.67 |
% |
S&P 500® |
(6,156,206 |
) |
|
|||||||||||||||||||||||||||
994,155,436 |
3/7/2023 |
Goldman
Sachs International |
0.58 |
% |
SPDR® S&P
500® ETF Trust |
(37,143,765 |
) |
|
|||||||||||||||||||||||||||
1,208,402,540 |
|
|
(43,299,971 |
) |
39,295,520 |
4,004,451 |
— |
||||||||||||||||||||||||||||
598,582,989 |
5/8/2023 |
J.P.
Morgan Securities |
0.47 |
% |
S&P 500® |
(16,792,017 |
) |
10,941,969 |
5,850,048 |
— |
|||||||||||||||||||||||||
195,348,858 |
4/10/2023 |
Morgan Stanley & Co. International plc |
0.42 |
% |
S&P 500® |
(5,582,456 |
) |
5,582,287 |
169 |
— |
|||||||||||||||||||||||||
553,228,112 |
3/7/2023 |
Societe Generale |
0.47 |
% |
S&P 500® |
(15,492,034 |
) |
15,214,912 |
277,122 |
— |
|||||||||||||||||||||||||
526,141,235 |
3/7/2023 |
UBS AG |
0.57 |
% |
S&P 500® |
(14,644,467 |
) |
14,129,805 |
514,662 |
— |
|||||||||||||||||||||||||
5,255,682,507 |
|
(161,259,554 |
) |
||||||||||||||||||||||||||||||||
|
Total Unrealized
Depreciation |
(161,259,554 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Abbreviations
USD U.S. Dollar
See accompanying notes to the financial statements.
88 :: SSO ULTRA S&P500® :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Ultra S&P500® invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Aerospace & Defense |
1.1 |
% |
|||||
Air Freight & Logistics |
0.5 |
% |
|||||
Airlines |
0.2 |
% |
|||||
Auto Components |
0.1 |
% |
|||||
Automobiles |
2.4 |
% |
|||||
Banks |
3.5 |
% |
|||||
Beverages |
1.1 |
% |
|||||
Biotechnology |
1.5 |
% |
|||||
Building Products |
0.4 |
% |
|||||
Capital Markets |
2.5 |
% |
|||||
Chemicals |
1.5 |
% |
|||||
Commercial Services & Supplies |
0.4 |
% |
|||||
Communications Equipment |
0.7 |
% |
|||||
Construction & Engineering |
0.0 |
%* |
|||||
Construction Materials |
0.1 |
% |
|||||
Consumer Finance |
0.5 |
% |
|||||
Containers & Packaging |
0.3 |
% |
|||||
Distributors |
0.1 |
% |
|||||
Diversified Financial Services |
1.1 |
% |
|||||
Diversified Telecommunication Services |
0.8 |
% |
|||||
Electric Utilities |
1.3 |
% |
|||||
Electrical Equipment |
0.5 |
% |
|||||
Electronic Equipment, Instruments & Components |
0.6 |
% |
|||||
Energy Equipment & Services |
0.2 |
% |
|||||
Entertainment |
1.4 |
% |
|||||
Equity Real Estate Investment Trusts (REITs) |
2.1 |
% |
|||||
Food & Staples Retailing |
1.2 |
% |
|||||
Food Products |
0.7 |
% |
|||||
Gas Utilities |
0.0 |
%* |
|||||
Health Care Equipment & Supplies |
2.4 |
% |
|||||
Health Care Providers & Services |
2.1 |
% |
|||||
Health Care Technology |
0.0 |
%* |
|||||
Hotels, Restaurants & Leisure |
1.6 |
% |
|||||
Household Durables |
0.3 |
% |
|||||
Household Products |
1.1 |
% |
|||||
Independent Power and Renewable Electricity Producers |
0.0 |
%* |
|||||
Industrial Conglomerates |
0.8 |
% |
|||||
Insurance |
1.5 |
% |
|||||
Interactive Media & Services |
5.4 |
% |
|||||
Internet & Direct Marketing Retail |
3.5 |
% |
|||||
IT Services |
3.5 |
% |
|||||
Leisure Products |
0.0 |
%* |
|||||
Life Sciences Tools & Services |
1.7 |
% |
|||||
Machinery |
1.3 |
% |
|||||
Media |
0.9 |
% |
|||||
Metals & Mining |
0.3 |
% |
|||||
Multiline Retail |
0.4 |
% |
|||||
Multi-Utilities |
0.6 |
% |
|||||
Oil, Gas & Consumable Fuels |
2.1 |
% |
|||||
Personal Products |
0.2 |
% |
|||||
Pharmaceuticals |
3.0 |
% |
|||||
Professional Services |
0.4 |
% |
|||||
Real Estate Management & Development |
0.1 |
% |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA S&P500® SSO :: 89
Road & Rail |
0.8 |
% |
|||||
Semiconductors & Semiconductor Equipment |
5.6 |
% |
|||||
Software |
8.4 |
% |
|||||
Specialty Retail |
2.0 |
% |
|||||
Technology Hardware, Storage & Peripherals |
5.9 |
% |
|||||
Textiles, Apparel & Luxury Goods |
0.6 |
% |
|||||
Tobacco |
0.5 |
% |
|||||
Trading Companies & Distributors |
0.2 |
% |
|||||
Water Utilities |
0.1 |
% |
|||||
Wireless Telecommunication Services |
0.1 |
% |
|||||
Othera |
15.8 |
% |
|||||
100.0 |
% |
* Amount represents less than 0.05%.
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
90 :: SSO ULTRA S&P500® :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 83.5% |
|||||||||||
Semiconductors & Semiconductor Equipment — 83.5% |
|||||||||||
Advanced Micro Devices, Inc.* |
196,475 |
$ |
31,115,746 |
||||||||
Allegro MicroSystems, Inc.* |
8,901 |
277,978 |
|||||||||
Amkor Technology, Inc. |
16,247 |
350,285 |
|||||||||
Analog Devices, Inc. |
87,128 |
15,704,822 |
|||||||||
Applied Materials, Inc. |
148,068 |
21,794,129 |
|||||||||
Broadcom, Inc. |
66,454 |
36,794,251 |
|||||||||
Brooks Automation, Inc. |
12,042 |
1,361,950 |
|||||||||
Cirrus Logic, Inc.* |
9,313 |
746,716 |
|||||||||
Enphase Energy, Inc.* |
21,810 |
5,452,500 |
|||||||||
Entegris, Inc. |
21,949 |
3,206,310 |
|||||||||
GLOBALFOUNDRIES, Inc.* |
8,653 |
599,134 |
|||||||||
Intel Corp. |
657,221 |
32,335,273 |
|||||||||
KLA Corp. |
24,740 |
10,097,136 |
|||||||||
Lam Research Corp. |
23,060 |
15,677,341 |
|||||||||
Lattice Semiconductor Corp.* |
22,124 |
1,679,875 |
|||||||||
Marvell Technology, Inc. |
132,746 |
9,447,533 |
|||||||||
Microchip Technology, Inc. |
88,836 |
7,411,588 |
|||||||||
Micron Technology, Inc. |
182,376 |
15,319,584 |
|||||||||
MKS Instruments, Inc. |
9,007 |
1,370,505 |
|||||||||
Monolithic Power Systems, Inc. |
6,996 |
3,872,006 |
|||||||||
NVIDIA Corp. |
403,710 |
131,916,280 |
|||||||||
NXP Semiconductors NV |
42,969 |
9,597,556 |
|||||||||
ON Semiconductor Corp.* |
69,721 |
4,282,961 |
|||||||||
Power Integrations, Inc. |
9,782 |
978,494 |
|||||||||
Qorvo, Inc.* |
17,984 |
2,629,800 |
|||||||||
QUALCOMM, Inc. |
182,743 |
32,996,076 |
|||||||||
Semtech Corp.* |
10,485 |
898,250 |
|||||||||
Silicon Laboratories, Inc.* |
6,593 |
1,294,008 |
|||||||||
Skyworks Solutions, Inc. |
26,746 |
4,056,298 |
|||||||||
SolarEdge Technologies, Inc.* |
8,445 |
2,767,933 |
|||||||||
Teradyne, Inc. |
26,719 |
4,084,534 |
|||||||||
Texas Instruments, Inc. |
149,545 |
28,767,972 |
|||||||||
Universal Display Corp. |
7,023 |
1,004,640 |
|||||||||
Wolfspeed, Inc.* |
18,712 |
2,294,465 |
|||||||||
Xilinx, Inc. |
40,080 |
9,156,276 |
|||||||||
Total Common
Stocks (Cost $386,668,907) |
451,340,205 |
Investments |
Principal Amount |
Value |
|||||||||
Short-Term Investments — 2.5% |
|||||||||||
Repurchase Agreements (b) — 2.5% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $13,574,551 (Cost $13,574,541) |
$ |
13,574,541 |
$ |
13,574,541 |
|||||||
Total Investments —
86.0% (Cost $400,243,448) |
464,914,746 |
||||||||||
Other assets less liabilities — 14.0% |
75,663,898 |
||||||||||
Net Assets — 100.0% |
$ |
540,578,644 |
* 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 $29,195,625.
(b) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
144,148,541 |
|||||
Aggregate gross unrealized depreciation |
(5,787,013 |
) |
|||||
Net unrealized appreciation |
$ |
138,361,528 |
|||||
Federal income tax cost |
$ |
402,135,684 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA SEMICONDUCTORS USD :: 91
Swap Agreementsa
Ultra Semiconductors had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and Unrealized Appreciationd ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
93,005,802 |
5/8/2023 |
Bank of America NA |
0.47 |
% |
Dow Jones U.S.
SemiconductorsSM Indexf |
4,881,201 |
(4,881,201 |
) |
— |
— |
|||||||||||||||||||||||||
104,060,077 |
11/7/2022 |
Goldman Sachs International |
0.67 |
% |
Dow Jones U.S.
SemiconductorsSM Indexf |
29,986,988 |
(29,986,988 |
) |
— |
— |
|||||||||||||||||||||||||
90,748,107 |
11/6/2023 |
J.P. Morgan Securities |
0.52 |
% |
Dow Jones U.S.
SemiconductorsSM Indexf |
13,045,560 |
— |
(13,045,560 |
) |
— |
|||||||||||||||||||||||||
58,250,410 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.57 |
% |
Dow Jones U.S.
SemiconductorsSM Indexf |
15,293,023 |
— |
(15,293,023 |
) |
— |
|||||||||||||||||||||||||
129,587,959 |
3/7/2023 |
Societe Generale |
0.72 |
% |
Dow Jones U.S.
SemiconductorsSM Indexf |
2,386,636 |
(2,386,636 |
) |
— |
— |
|||||||||||||||||||||||||
154,647,439 |
12/15/2021 |
UBS AG |
0.42 |
% |
Dow Jones U.S.
SemiconductorsSM Indexf |
9,989,058 |
— |
(9,989,058 |
) |
— |
|||||||||||||||||||||||||
630,299,794 |
75,582,466 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
75,582,466 |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.
See accompanying notes to the financial statements.
92 :: USD ULTRA SEMICONDUCTORS :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Percentage of Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) — 73.4% |
|||||||||||||||
Agree Realty Corp.
(Equity Real Estate Investment Trusts (REITs)) |
0.3 |
% |
1,980 |
$ |
133,769 |
||||||||||
Alarm.com Holdings,
Inc.* (Software) |
0.2 |
% |
1,320 |
105,323 |
|||||||||||
AMN Healthcare
Services, Inc.* (Health Care Providers & Services) |
0.4 |
% |
1,359 |
154,940 |
|||||||||||
Applied Industrial
Technologies, Inc. (Trading Companies & Distributors) |
0.3 |
% |
1,114 |
105,875 |
|||||||||||
Asbury Automotive
Group, Inc.* (Specialty Retail) |
0.3 |
% |
649 |
106,202 |
|||||||||||
Assured Guaranty
Ltd. (b) (Insurance) |
0.2 |
% |
2,096 |
102,641 |
|||||||||||
Balchem Corp. (Chemicals) |
0.4 |
% |
931 |
147,098 |
|||||||||||
BankUnited, Inc. (Banks) |
0.3 |
% |
2,664 |
105,601 |
|||||||||||
Boot Barn Holdings,
Inc.* (Specialty Retail) |
0.2 |
% |
848 |
103,744 |
|||||||||||
Chart Industries,
Inc.* (Machinery) |
0.4 |
% |
1,025 |
178,914 |
|||||||||||
Community Bank
System, Inc. (Banks) |
0.3 |
% |
1,551 |
109,594 |
|||||||||||
CONMED Corp. (Health
Care Equipment & Supplies) |
0.3 |
% |
838 |
110,163 |
|||||||||||
Diodes, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.3 |
% |
1,292 |
137,404 |
|||||||||||
Ensign Group, Inc.
(The) (Health Care Providers & Services) |
0.3 |
% |
1,503 |
114,724 |
|||||||||||
ExlService Holdings,
Inc.* (IT Services) |
0.3 |
% |
952 |
123,636 |
|||||||||||
Exponent, Inc.
(Professional Services) |
0.4 |
% |
1,495 |
174,167 |
|||||||||||
Fabrinet*
(Electronic Equipment, Instruments & Components) |
0.3 |
% |
1,059 |
117,083 |
|||||||||||
HB Fuller Co. (Chemicals) |
0.3 |
% |
1,511 |
110,545 |
|||||||||||
Independent Bank
Corp. (Banks) |
0.3 |
% |
1,363 |
107,759 |
|||||||||||
Innovative
Industrial Properties, Inc. (Equity Real Estate Investment Trusts (REITs)) |
0.4 |
% |
687 |
176,442 |
|||||||||||
John Bean
Technologies Corp. (Machinery) |
0.4 |
% |
911 |
143,728 |
|||||||||||
Korn Ferry
(Professional Services) |
0.3 |
% |
1,597 |
116,166 |
|||||||||||
Kulicke & Soffa
Industries, Inc. (b) (Semiconductors & Semiconductor Equipment) |
0.2 |
% |
1,780 |
102,635 |
|||||||||||
LCI Industries
(Auto Components) |
0.3 |
% |
724 |
110,243 |
Percentage of Net Assets |
Shares |
Value |
|||||||||||||
Common Stocks (a) (continued) |
|||||||||||||||
Lexington Realty
Trust (Equity Real Estate Investment Trusts (REITs)) |
0.3 |
% |
7,978 |
$ |
120,069 |
||||||||||
Livent Corp.* (Chemicals) |
0.3 |
% |
4,644 |
140,667 |
|||||||||||
Macy's, Inc. (Multiline Retail) |
0.6 |
% |
8,956 |
255,246 |
|||||||||||
Matador Resources
Co. (Oil, Gas & Consumable Fuels) |
0.3 |
% |
3,163 |
124,211 |
|||||||||||
Matson, Inc. (Marine) |
0.2 |
% |
1,245 |
101,505 |
|||||||||||
MaxLinear, Inc.*
(Semiconductors & Semiconductor Equipment) |
0.3 |
% |
2,019 |
135,939 |
|||||||||||
Meritage Homes
Corp.* (Household Durables) |
0.3 |
% |
1,081 |
122,002 |
|||||||||||
NeoGenomics, Inc.*
(Life Sciences Tools & Services) |
0.3 |
% |
3,528 |
120,869 |
|||||||||||
Omnicell, Inc.*
(Health Care Technology) |
0.5 |
% |
1,245 |
220,365 |
|||||||||||
Onto Innovation,
Inc.* (Semiconductors & Semiconductor Equipment) |
0.3 |
% |
1,417 |
133,425 |
|||||||||||
Pacific Premier
Bancorp, Inc. (Banks) |
0.3 |
% |
2,719 |
105,361 |
|||||||||||
PDC Energy, Inc.
(Oil, Gas & Consumable Fuels) |
0.3 |
% |
2,833 |
142,868 |
|||||||||||
Perficient, Inc.* (IT Services) |
0.3 |
% |
945 |
129,493 |
|||||||||||
Power Integrations,
Inc. (Semiconductors & Semiconductor Equipment) |
0.4 |
% |
1,731 |
173,152 |
|||||||||||
Range Resources
Corp.* (Oil, Gas & Consumable Fuels) |
0.4 |
% |
7,461 |
145,937 |
|||||||||||
Resideo
Technologies, Inc.* (Building Products) |
0.3 |
% |
4,143 |
108,091 |
|||||||||||
Rogers Corp.*
(Electronic Equipment, Instruments & Components) |
0.4 |
% |
539 |
146,942 |
|||||||||||
ServisFirst
Bancshares, Inc. (Banks) |
0.3 |
% |
1,400 |
112,546 |
|||||||||||
Signet Jewelers Ltd.
(Specialty Retail) |
0.4 |
% |
1,514 |
147,070 |
|||||||||||
SPS Commerce, Inc.*
(Software) |
0.4 |
% |
1,030 |
145,220 |
|||||||||||
Steven Madden Ltd.
(Textiles, Apparel & Luxury Goods) |
0.2 |
% |
2,213 |
105,007 |
|||||||||||
Trupanion, Inc.* (Insurance) |
0.3 |
% |
980 |
120,854 |
|||||||||||
UFP Industries, Inc.
(Building Products) |
0.4 |
% |
1,777 |
147,989 |
|||||||||||
Vonage Holdings
Corp.* (Software) |
0.4 |
% |
7,234 |
149,165 |
|||||||||||
Walker & Dunlop,
Inc. (Thrifts & Mortgage Finance) |
0.3 |
% |
841 |
118,320 |
|||||||||||
Watts Water
Technologies, Inc., Class A (Machinery) |
0.4 |
% |
789 |
148,892 |
|||||||||||
Other Common Stocks (b) |
57.1 |
% |
829,045 |
23,200,957 |
|||||||||||
Total Common Stocks
(Cost $29,373,771) |
29,820,558 |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA SMALLCAP600 SAA :: 93
Percentage of
Net Assets |
Shares |
Value |
|||||||||||||
Securities Lending Reinvestments (c) — 0.2% |
|||||||||||||||
Investment Companies — 0.2% |
|||||||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $98,464) |
0.2 |
% |
98,464 |
$ |
98,464 |
||||||||||
Principal
Amount |
|||||||||||||||
Short-Term Investments — 26.7% |
|||||||||||||||
Repurchase Agreements (d) — 26.7% |
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $10,862,646 (Cost $10,862,637) |
$ |
10,862,637 |
10,862,637 |
||||||||
Total Investments —
100.3% (Cost $40,334,872) |
40,781,659 |
||||||||||
Liabilities in excess of other assets — (0.3%) |
(132,615 |
) |
|||||||||
Net Assets — 100.0% |
$ |
40,649,044 |
* 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 $4,075,884.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $589,417, collateralized in the form of cash with a value of $98,464 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $599,794 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 9, 2021 - November 15, 2050. The total value of collateral is $698,258.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $98,464.
(d) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
4,182,651 |
|||||
Aggregate gross unrealized depreciation |
(4,315,956 |
) |
|||||
Net unrealized depreciation |
$ |
(133,305 |
) |
||||
Federal income tax cost |
$ |
40,383,178 |
Swap Agreementsa
Ultra SmallCap600 had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value
and Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
12,422,794 |
5/8/2023 |
Bank of America NA |
0.42 |
% |
S&P SmallCap 600® |
(878,219 |
) |
657,978 |
220,241 |
— |
|||||||||||||||||||||||||
17,838,375 |
11/7/2022 |
Citibank NA |
0.42 |
% |
S&P SmallCap 600® |
331,848 |
— |
(331,848 |
) |
— |
|||||||||||||||||||||||||
14,698,091 |
11/7/2022 |
Morgan Stanley & Co. International plc |
(0.03 |
)% |
S&P SmallCap 600® |
396,119 |
— |
(396,119 |
) |
— |
|||||||||||||||||||||||||
3,386,081 |
3/7/2023 |
Societe Generale |
0.52 |
% |
S&P SmallCap 600® |
(165,117 |
) |
60,036 |
23,727 |
(81,354 |
) |
||||||||||||||||||||||||
3,136,255 |
3/7/2023 |
UBS AG |
0.37 |
% |
S&P SmallCap 600® |
(216,417 |
) |
— |
114,426 |
(101,991 |
) |
||||||||||||||||||||||||
51,481,596 |
(531,786 |
) |
|
||||||||||||||||||||||||||||||||
Total Unrealized
Appreciation |
727,967 |
||||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(1,259,753 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
See accompanying notes to the financial statements.
94 :: SAA ULTRA SMALLCAP600 :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
Ultra SmallCap600 invested, as a percentage of net assets, in the following industries, as of November 30, 2021:
Aerospace & Defense |
0.8 |
% |
|||||
Air Freight & Logistics |
0.5 |
% |
|||||
Airlines |
0.4 |
% |
|||||
Auto Components |
1.0 |
% |
|||||
Automobiles |
0.2 |
% |
|||||
Banks |
7.6 |
% |
|||||
Beverages |
0.5 |
% |
|||||
Biotechnology |
1.7 |
% |
|||||
Building Products |
1.4 |
% |
|||||
Capital Markets |
0.8 |
% |
|||||
Chemicals |
2.2 |
% |
|||||
Commercial Services & Supplies |
1.4 |
% |
|||||
Communications Equipment |
0.9 |
% |
|||||
Construction & Engineering |
0.7 |
% |
|||||
Consumer Finance |
0.7 |
% |
|||||
Containers & Packaging |
0.2 |
% |
|||||
Diversified Consumer Services |
0.3 |
% |
|||||
Diversified Telecommunication Services |
0.3 |
% |
|||||
Electrical Equipment |
0.5 |
% |
|||||
Electronic Equipment, Instruments & Components |
2.8 |
% |
|||||
Energy Equipment & Services |
0.9 |
% |
|||||
Entertainment |
0.1 |
% |
|||||
Equity Real Estate Investment Trusts (REITs) |
5.3 |
% |
|||||
Food & Staples Retailing |
0.5 |
% |
|||||
Food Products |
0.9 |
% |
|||||
Gas Utilities |
0.4 |
% |
|||||
Health Care Equipment & Supplies |
2.1 |
% |
|||||
Health Care Providers & Services |
2.8 |
% |
|||||
Health Care Technology |
1.0 |
% |
|||||
Hotels, Restaurants & Leisure |
1.0 |
% |
|||||
Household Durables |
1.8 |
% |
|||||
Household Products |
0.4 |
% |
|||||
Insurance |
2.0 |
% |
|||||
Interactive Media & Services |
0.1 |
% |
|||||
Internet & Direct Marketing Retail |
0.3 |
% |
|||||
IT Services |
1.1 |
% |
|||||
Leisure Products |
0.3 |
% |
|||||
Life Sciences Tools & Services |
0.3 |
% |
|||||
Machinery |
4.1 |
% |
|||||
Marine |
0.3 |
% |
|||||
Media |
0.7 |
% |
|||||
Metals & Mining |
0.9 |
% |
|||||
Mortgage Real Estate Investment Trusts (REITs) |
1.0 |
% |
See accompanying notes to the financial statements.
PROSHARES TRUST SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA SMALLCAP600 SAA :: 95
Multiline Retail |
0.7 |
% |
|||||
Multi-Utilities |
0.2 |
% |
|||||
Oil, Gas & Consumable Fuels |
2.6 |
% |
|||||
Paper & Forest Products |
0.3 |
% |
|||||
Personal Products |
0.6 |
% |
|||||
Pharmaceuticals |
1.0 |
% |
|||||
Professional Services |
1.1 |
% |
|||||
Real Estate Management & Development |
0.4 |
% |
|||||
Road & Rail |
0.3 |
% |
|||||
Semiconductors & Semiconductor Equipment |
3.1 |
% |
|||||
Software |
2.1 |
% |
|||||
Specialty Retail |
3.2 |
% |
|||||
Technology Hardware, Storage & Peripherals |
0.2 |
% |
|||||
Textiles, Apparel & Luxury Goods |
1.0 |
% |
|||||
Thrifts & Mortgage Finance |
1.7 |
% |
|||||
Tobacco |
0.2 |
% |
|||||
Trading Companies & Distributors |
0.8 |
% |
|||||
Water Utilities |
0.6 |
% |
|||||
Wireless Telecommunication Services |
0.1 |
% |
|||||
Othera |
26.6 |
% |
|||||
100.0 |
% |
a Includes any non-equity securities and net other assets (liabilities).
See accompanying notes to the financial statements.
96 :: SAA ULTRA SMALLCAP600 :: NOVEMBER 30, 2021 (UNAUDITED) :: SUMMARY SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) — 76.6% |
|||||||||||
Communications Equipment — 1.9% |
|||||||||||
Arista Networks, Inc.* |
14,048 |
$ |
1,742,795 |
||||||||
Ciena Corp.* |
9,726 |
585,797 |
|||||||||
Cisco Systems, Inc. |
264,598 |
14,510,554 |
|||||||||
F5, Inc.* |
3,784 |
861,163 |
|||||||||
Juniper Networks, Inc. |
20,416 |
635,550 |
|||||||||
Lumentum Holdings, Inc.*(b) |
4,766 |
413,546 |
|||||||||
Motorola Solutions, Inc. |
10,622 |
2,689,278 |
|||||||||
Ubiquiti, Inc. |
403 |
120,614 |
|||||||||
Viavi Solutions, Inc.* |
14,355 |
212,597 |
|||||||||
21,771,894 |
|||||||||||
Diversified Telecommunication Services — 0.2% |
|||||||||||
Liberty Global plc, Class A* |
11,091 |
292,802 |
|||||||||
Liberty Global plc, Class C* |
21,608 |
575,637 |
|||||||||
Lumen Technologies, Inc. |
62,443 |
770,547 |
|||||||||
1,638,986 |
|||||||||||
Electronic Equipment, Instruments & Components — 0.2% |
|||||||||||
CDW Corp. |
8,627 |
1,633,609 |
|||||||||
TD SYNNEX Corp. |
2,608 |
269,824 |
|||||||||
1,903,433 |
|||||||||||
Health Care Technology — 0.4% |
|||||||||||
Cerner Corp. |
18,561 |
1,307,622 |
|||||||||
Omnicell, Inc.* |
2,729 |
483,033 |
|||||||||
Veeva Systems, Inc., Class A* |
8,670 |
2,449,969 |
|||||||||
4,240,624 |
|||||||||||
Household Durables — 0.1% |
|||||||||||
Garmin Ltd. |
9,534 |
1,273,171 |
|||||||||
Interactive Media & Services — 14.1% |
|||||||||||
Alphabet, Inc., Class A* |
18,904 |
53,648,607 |
|||||||||
Alphabet, Inc., Class C* |
17,688 |
50,393,819 |
|||||||||
Angi, Inc.* |
4,803 |
46,157 |
|||||||||
Bumble, Inc., Class A* |
4,446 |
152,320 |
|||||||||
Cargurus, Inc.* |
5,442 |
204,075 |
|||||||||
IAC/InterActiveCorp* |
5,246 |
701,128 |
|||||||||
Match Group, Inc.* |
17,382 |
2,259,486 |
|||||||||
Meta Platforms, Inc., Class A* |
149,660 |
48,558,684 |
|||||||||
Snap, Inc., Class A* |
65,768 |
3,131,214 |
|||||||||
Twitter, Inc.* |
50,110 |
2,201,833 |
|||||||||
Vimeo, Inc.* |
9,760 |
188,466 |
|||||||||
Ziff Davis, Inc.* |
3,024 |
344,343 |
|||||||||
161,830,132 |
|||||||||||
Internet & Direct Marketing Retail — 0.6% |
|||||||||||
Chewy, Inc., Class A*(b) |
5,438 |
371,198 |
|||||||||
DoorDash, Inc., Class A* |
9,620 |
1,719,767 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
eBay, Inc. |
40,823 |
$ |
2,753,920 |
||||||||
Etsy, Inc.* |
7,949 |
2,182,636 |
|||||||||
7,027,521 |
|||||||||||
IT Services — 2.8% |
|||||||||||
Akamai Technologies, Inc.* |
10,224 |
1,152,245 |
|||||||||
Amdocs Ltd. |
8,007 |
559,049 |
|||||||||
Cloudflare, Inc., Class A*(b) |
16,549 |
3,115,184 |
|||||||||
Cognizant Technology
Solutions Corp., Class A |
33,000 |
2,573,340 |
|||||||||
DXC Technology Co.* |
15,814 |
474,262 |
|||||||||
EPAM Systems, Inc.* |
3,552 |
2,161,570 |
|||||||||
Fastly, Inc., Class A*(b) |
6,667 |
271,747 |
|||||||||
Gartner, Inc.* |
5,240 |
1,636,190 |
|||||||||
GoDaddy, Inc., Class A* |
10,603 |
744,012 |
|||||||||
International Business Machines Corp. |
56,273 |
6,589,568 |
|||||||||
Kyndryl Holdings, Inc.* |
11,253 |
177,797 |
|||||||||
MongoDB, Inc.*(b) |
4,053 |
2,018,799 |
|||||||||
Okta, Inc.* |
7,862 |
1,692,138 |
|||||||||
Snowflake, Inc., Class A* |
14,312 |
4,868,227 |
|||||||||
SolarWinds Corp. |
2,782 |
40,061 |
|||||||||
Twilio, Inc., Class A* |
10,474 |
2,997,135 |
|||||||||
VeriSign, Inc.* |
6,113 |
1,466,570 |
|||||||||
32,537,894 |
|||||||||||
Semiconductors & Semiconductor Equipment — 15.3% |
|||||||||||
Advanced Micro Devices, Inc.* |
76,156 |
12,060,826 |
|||||||||
Allegro MicroSystems, Inc.* |
3,449 |
107,712 |
|||||||||
Amkor Technology, Inc. |
6,293 |
135,677 |
|||||||||
Analog Devices, Inc. |
33,767 |
6,086,502 |
|||||||||
Applied Materials, Inc. |
57,372 |
8,444,585 |
|||||||||
Broadcom, Inc. |
25,764 |
14,265,011 |
|||||||||
Brooks Automation, Inc. |
4,655 |
526,480 |
|||||||||
Cirrus Logic, Inc.* |
3,614 |
289,771 |
|||||||||
Enphase Energy, Inc.* |
8,457 |
2,114,250 |
|||||||||
Entegris, Inc. |
8,523 |
1,245,040 |
|||||||||
GLOBALFOUNDRIES, Inc.*(b) |
3,357 |
232,439 |
|||||||||
Intel Corp. |
254,703 |
12,531,388 |
|||||||||
KLA Corp. |
9,587 |
3,912,742 |
|||||||||
Lam Research Corp. |
8,941 |
6,078,539 |
|||||||||
Lattice Semiconductor Corp.* |
8,559 |
649,885 |
|||||||||
Marvell Technology, Inc. |
51,449 |
3,661,625 |
|||||||||
Microchip Technology, Inc. |
34,451 |
2,874,247 |
|||||||||
Micron Technology, Inc. |
70,682 |
5,937,288 |
|||||||||
MKS Instruments, Inc. |
3,477 |
529,060 |
|||||||||
Monolithic Power Systems, Inc. |
2,708 |
1,498,770 |
|||||||||
NVIDIA Corp. |
156,461 |
51,125,196 |
|||||||||
NXP Semiconductors NV |
16,641 |
3,716,934 |
|||||||||
ON Semiconductor Corp.* |
27,035 |
1,660,760 |
|||||||||
Power Integrations, Inc. |
3,783 |
378,413 |
|||||||||
Qorvo, Inc.* |
6,984 |
1,021,270 |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA TECHNOLOGY ROM :: 97
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
QUALCOMM, Inc. |
70,828 |
$ |
12,788,704 |
||||||||
Semtech Corp.* |
4,068 |
348,506 |
|||||||||
Silicon Laboratories, Inc.* |
2,545 |
499,507 |
|||||||||
Skyworks Solutions, Inc. |
10,362 |
1,571,501 |
|||||||||
SolarEdge Technologies, Inc.* |
3,277 |
1,074,070 |
|||||||||
Teradyne, Inc. |
10,351 |
1,582,357 |
|||||||||
Texas Instruments, Inc. |
57,954 |
11,148,611 |
|||||||||
Universal Display Corp. |
2,722 |
389,382 |
|||||||||
Wolfspeed, Inc.* |
7,253 |
889,363 |
|||||||||
Xilinx, Inc. |
15,536 |
3,549,199 |
|||||||||
174,925,610 |
|||||||||||
Software — 25.9% |
|||||||||||
ACI Worldwide, Inc.* |
7,372 |
214,820 |
|||||||||
Adobe, Inc.* |
29,920 |
20,041,912 |
|||||||||
Alteryx, Inc., Class A* |
3,742 |
248,731 |
|||||||||
Anaplan, Inc.* |
9,094 |
389,314 |
|||||||||
ANSYS, Inc.* |
5,481 |
2,145,702 |
|||||||||
Appian Corp.* |
2,490 |
185,131 |
|||||||||
AppLovin Corp., Class A* |
1,688 |
153,794 |
|||||||||
Asana, Inc., Class A* |
4,904 |
509,771 |
|||||||||
Aspen Technology, Inc.* |
4,266 |
618,698 |
|||||||||
Autodesk, Inc.* |
13,817 |
3,512,143 |
|||||||||
Avalara, Inc.* |
5,424 |
757,624 |
|||||||||
Bentley Systems, Inc., Class B |
11,525 |
553,085 |
|||||||||
Bill.com Holdings, Inc.* |
5,207 |
1,462,386 |
|||||||||
Black Knight, Inc.* |
9,832 |
702,693 |
|||||||||
Blackbaud, Inc.* |
2,642 |
199,365 |
|||||||||
Blackline, Inc.* |
3,337 |
367,237 |
|||||||||
Cadence Design Systems, Inc.* |
17,375 |
3,083,367 |
|||||||||
CDK Global, Inc. |
7,642 |
295,287 |
|||||||||
Ceridian HCM Holding, Inc.* |
8,480 |
927,712 |
|||||||||
Citrix Systems, Inc. |
7,796 |
627,032 |
|||||||||
Consensus Cloud Solutions, Inc.* |
1,004 |
62,891 |
|||||||||
Coupa Software, Inc.* |
4,621 |
908,766 |
|||||||||
Crowdstrike Holdings, Inc., Class A*(b) |
12,504 |
2,715,119 |
|||||||||
Datadog, Inc., Class A* |
15,065 |
2,685,939 |
|||||||||
Digital Turbine, Inc.* |
5,493 |
291,459 |
|||||||||
DocuSign, Inc.* |
12,234 |
3,013,968 |
|||||||||
Dolby Laboratories, Inc., Class A |
4,094 |
341,481 |
|||||||||
Dropbox, Inc., Class A* |
18,036 |
443,866 |
|||||||||
Duck Creek Technologies, Inc.* |
4,708 |
134,602 |
|||||||||
Dynatrace, Inc.* |
12,318 |
774,186 |
|||||||||
Elastic NV* |
4,483 |
696,927 |
|||||||||
Fair Isaac Corp.* |
1,782 |
629,278 |
|||||||||
Five9, Inc.*(b) |
4,254 |
605,472 |
|||||||||
Fortinet, Inc.* |
8,520 |
2,829,577 |
|||||||||
Guidewire Software, Inc.* |
5,222 |
607,527 |
|||||||||
HubSpot, Inc.* |
2,810 |
2,267,417 |
|||||||||
Intuit, Inc. |
17,161 |
11,194,120 |
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Mandiant Corp.* |
15,021 |
$ |
254,906 |
||||||||
Manhattan Associates, Inc.* |
3,984 |
622,141 |
|||||||||
McAfee Corp., Class A |
4,600 |
118,910 |
|||||||||
Microsoft Corp. |
471,801 |
155,972,693 |
|||||||||
MicroStrategy, Inc., Class A*(b) |
478 |
344,844 |
|||||||||
nCino, Inc.*(b) |
3,531 |
219,346 |
|||||||||
NCR Corp.*(b) |
8,246 |
320,769 |
|||||||||
New Relic, Inc.* |
3,666 |
406,303 |
|||||||||
NortonLifeLock, Inc. |
36,490 |
906,776 |
|||||||||
Nuance Communications, Inc.* |
17,894 |
992,938 |
|||||||||
Nutanix, Inc., Class A* |
12,827 |
426,113 |
|||||||||
Oracle Corp. |
103,429 |
9,385,147 |
|||||||||
Palantir Technologies, Inc., Class A*(b) |
98,400 |
2,031,960 |
|||||||||
Palo Alto Networks, Inc.* |
6,117 |
3,345,632 |
|||||||||
Paycom Software, Inc.* |
3,016 |
1,319,440 |
|||||||||
Paylocity Holding Corp.* |
2,470 |
623,280 |
|||||||||
Pegasystems, Inc. |
2,553 |
293,135 |
|||||||||
PTC, Inc.* |
6,634 |
726,954 |
|||||||||
Q2 Holdings, Inc.* |
3,542 |
284,423 |
|||||||||
Qualtrics International, Inc., Class A* |
5,765 |
186,555 |
|||||||||
Rapid7, Inc.*(b) |
3,498 |
433,962 |
|||||||||
RingCentral, Inc., Class A* |
5,115 |
1,104,738 |
|||||||||
salesforce.com, Inc.* |
60,985 |
17,378,286 |
|||||||||
ServiceNow, Inc.* |
12,429 |
8,050,263 |
|||||||||
Smartsheet, Inc., Class A* |
7,868 |
503,552 |
|||||||||
Splunk, Inc.* |
10,292 |
1,245,332 |
|||||||||
SS&C Technologies Holdings, Inc. |
13,933 |
1,063,506 |
|||||||||
Synopsys, Inc.* |
9,578 |
3,266,098 |
|||||||||
Trade Desk, Inc. (The), Class A* |
27,269 |
2,820,160 |
|||||||||
Tyler Technologies, Inc.* |
2,559 |
1,328,070 |
|||||||||
UiPath, Inc., Class A* |
16,060 |
774,895 |
|||||||||
Unity Software, Inc.* |
9,946 |
1,714,591 |
|||||||||
Varonis Systems, Inc.* |
6,721 |
348,215 |
|||||||||
Verint Systems, Inc.* |
4,075 |
193,929 |
|||||||||
VMware, Inc., Class A |
12,726 |
1,485,633 |
|||||||||
Workday, Inc., Class A* |
11,862 |
3,252,916 |
|||||||||
Workiva, Inc.* |
2,699 |
376,430 |
|||||||||
Zendesk, Inc.* |
7,538 |
769,705 |
|||||||||
Zoom Video
Communications, Inc., Class A* |
13,579 |
2,870,736 |
|||||||||
Zscaler, Inc.* |
4,905 |
1,701,888 |
|||||||||
296,663,569 |
|||||||||||
Technology Hardware, Storage & Peripherals — 15.1% |
|||||||||||
Apple, Inc. |
986,368 |
163,046,629 |
|||||||||
Dell Technologies, Inc., Class C* |
17,433 |
984,441 |
|||||||||
Hewlett Packard Enterprise Co. |
81,989 |
1,176,542 |
|||||||||
HP, Inc. |
75,463 |
2,662,335 |
|||||||||
NetApp, Inc. |
14,064 |
1,250,008 |
|||||||||
Pure Storage, Inc., Class A* |
16,713 |
517,602 |
|||||||||
Seagate Technology Holdings plc |
13,149 |
1,350,008 |
See accompanying notes to the financial statements.
98 :: ROM ULTRA TECHNOLOGY :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST
Investments |
Shares |
Value |
|||||||||
Common Stocks (a) (continued) |
|||||||||||
Western Digital Corp.* |
19,243 |
$ |
1,113,015 |
||||||||
Xerox Holdings Corp. |
8,623 |
158,836 |
|||||||||
172,259,416 |
|||||||||||
Total Common
Stocks (Cost $784,108,593) |
876,072,250 |
||||||||||
Securities Lending Reinvestments (c) — 0.0% (d) |
|||||||||||
Investment Companies — 0.0% (d) |
|||||||||||
BlackRock Liquidity
FedFund, Institutional Class 0.03% (Cost $240,988) |
240,988 |
240,988 |
|||||||||
Principal Amount |
|||||||||||
Short-Term Investments — 27.9% |
|||||||||||
Repurchase Agreements (e) — 27.9% |
|||||||||||
Repurchase
Agreements with various counterparties, rates 0.01% - 0.05%, dated 11/30/2021, due 12/1/2021, total to be received $319,983,008 (Cost $319,982,756) |
$ |
319,982,756 |
319,982,756 |
||||||||
Total Investments —
104.5% (Cost $1,104,332,337) |
1,196,295,994 |
||||||||||
Liabilities in excess of other assets — (4.5%) |
(51,102,504 |
) |
|||||||||
Net Assets — 100.0% |
$ |
1,145,193,490 |
* 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 $264,227,464.
(b) The security or a portion of this security is on loan at November 30, 2021. The total value of securities on loan at November 30, 2021 was $4,560,572, collateralized in the form of cash with a value of $240,988 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $4,583,246 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% - 7.63%, and maturity dates ranging from December 30, 2021 - May 15, 2051. The total value of collateral is $4,824,234.
(c) The security was purchased with cash collateral held from securities on loan at November 30, 2021. The total value of securities purchased was $240,988.
(d) Represents less than 0.05% of net assets.
(e) The Fund invests in Repurchase Agreements jointly with other funds in the Trust. See "Repurchase Agreements" in the Notes to Financial Statements to view the details of each individual agreement and counterparty as well as a description of the securities subject to repurchase.
As of November 30, 2021, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investment securities and derivative instruments, if applicable, for federal income tax purposes was as follows:
Aggregate gross unrealized appreciation |
$ |
114,084,120 |
|||||
Aggregate gross unrealized depreciation |
(30,452,904 |
) |
|||||
Net unrealized appreciation |
$ |
83,631,216 |
|||||
Federal income tax cost |
$ |
1,107,597,807 |
Swap Agreementsa
Ultra Technology had the following open non-exchange traded total return swap agreements as of November 30, 2021:
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
95,710,893 |
5/8/2023 |
Bank of America NA |
0.42 |
% |
Dow Jones U.S.
TechnologySM Indexf |
(723,292 |
) |
723,250 |
42 |
— |
|||||||||||||||||||||||||
94,428,320 |
5/8/2023 |
BNP Paribas SA |
0.67 |
% |
Dow Jones U.S.
TechnologySM Indexf |
349,920 |
(345,287 |
) |
(4,633 |
) |
— |
||||||||||||||||||||||||
277,939,873 |
4/10/2023 |
Citibank NA |
0.37 |
% |
Dow Jones U.S.
TechnologySM Indexf |
206,856 |
— |
(206,856 |
) |
— |
|||||||||||||||||||||||||
36,885,329 |
4/10/2023 |
Credit Suisse International |
0.67 |
% |
Dow Jones U.S.
TechnologySM Indexf |
(278,770 |
) |
224,856 |
53,914 |
— |
|||||||||||||||||||||||||
350,509,178 |
3/7/2023 |
Goldman Sachs International |
0.67 |
% |
Dow Jones U.S.
TechnologySM Indexf |
(4,752,635 |
) |
4,594,126 |
158,509 |
— |
See accompanying notes to the financial statements.
PROSHARES TRUST SCHEDULE OF PORTFOLIO INVESTMENTS :: NOVEMBER 30, 2021 (UNAUDITED) :: ULTRA TECHNOLOGY ROM :: 99
Notional Amount ($) |
Termination
Dateb |
Counterparty |
Rate Paid
(Received)c |
Underlying
Instrument |
Value and
Unrealized Appreciation/ (Depreciation)d ($) |
Financial
Instruments for the Benefit of (the Fund)/the Counterparty ($) |
Cash Collateral for the Benefit of (the Fund)/the Counterparty ($) |
Net
Amounte ($) |
|||||||||||||||||||||||||||
158,222,108 |
5/8/2023 |
J.P. Morgan Securities |
0.52 |
% |
Dow Jones U.S.
TechnologySM Indexf |
(1,181,188 |
) |
— |
1,181,188 |
— |
|||||||||||||||||||||||||
21,394,430 |
11/7/2022 |
Morgan Stanley & Co. International plc |
0.77 |
% |
Dow Jones U.S.
TechnologySM Indexf |
4,197,916 |
— |
(4,197,916 |
) |
— |
|||||||||||||||||||||||||
290,591,635 |
3/7/2023 |
Societe Generale |
0.62 |
% |
Dow Jones U.S.
TechnologySM Indexf |
(2,187,111 |
) |
2,171,999 |
15,112 |
— |
|||||||||||||||||||||||||
88,994,070 |
3/7/2023 |
UBS AG |
0.67 |
% |
Dow Jones U.S.
TechnologySM Indexf |
(698,667 |
) |
659,976 |
38,691 |
— |
|||||||||||||||||||||||||
1,414,675,836 |
(5,066,971 |
) |
|
||||||||||||||||||||||||||||||||
|
Total Unrealized
Appreciation |
4,754,692 |
|||||||||||||||||||||||||||||||||
Total Unrealized
Depreciation |
(9,821,663 |
) |
a The Fund's Swap Agreements are not accounted for as hedging instruments under ASC 815.
b Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
c Reflects the floating financing rate, as of November 30, 2021, 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).
d The Fund discloses amounts due to the Fund from the counterparty (unrealized appreciation on swap agreements) at period end as an asset on its Statement of Assets and Liabilities. Amounts due to the counterparty from the Fund (unrealized depreciation on swap agreements) are disclosed as a liability on its Statement of Assets and Liabilities. The Fund presents these amounts on a gross basis and does not offset or "net" these amounts on its Statement of Assets and Liabilities.
e Represents the "uncollateralized" amount due from or (to) the counterparty at period end. These amounts could be due to timing differences between the movement of collateral in relation to market movements, or due to agreement provisions allowing minimum "thresholds" that would need to be exceeded prior to the movement of collateral. To the extent that a net amount is due from a counterparty, the Fund would be exposed to the counterparty by such amount and could suffer losses or delays in recovery of that amount in the event of a counterparty default.
f See the Common Stocks section of the preceding Schedule of Portfolio Investments for the representative components of the underlying reference instrument and their relative weightings.
See accompanying notes to the financial statements.
100 :: ROM ULTRA TECHNOLOGY :: NOVEMBER 30, 2021 (UNAUDITED) :: SCHEDULE OF PORTFOLIO INVESTMENTS PROSHARES TRUST