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      <invstOrSec>
        <name>Ares Management Corp.</name>
        <lei>529900JUV61FH7B8VW38</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Assurant, Inc.</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WR Berkley Corp.</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Berkshire Hathaway, Inc.</name>
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        <name>Blackstone, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Blackrock, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brown &amp; Brown, Inc.</name>
        <lei>549300PC8KTJ71XKFY89</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Cboe Global Markets, Inc.</name>
        <lei>529900RLNSGA90UPEH54</lei>
        <title>Cboe Global Markets, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CME Group, Inc.</name>
        <lei>LCZ7XYGSLJUHFXXNXD88</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Capital One Financial Corp.</name>
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        <title>Capital One Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Cincinnati Financial Corp.</name>
        <lei>254900Q4WEDMZBOZ0002</lei>
        <title>Cincinnati Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Citizens Financial Group, Inc.</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
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        <name>Coinbase Global, Inc.</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global, Inc., Class A</title>
        <cusip>19260Q107</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Corpay, Inc.</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>Corpay, Inc.</title>
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        <name>Repurchase Agreement</name>
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        <title>Repurchase Agreement</title>
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        <name>Repurchase Agreement</name>
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        <name>Repurchase Agreement</name>
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        <name>Repurchase Agreement</name>
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        <name>Erie Indemnity Co.</name>
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        <name>FactSet Research Systems, Inc.</name>
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        <name>Fidelity National Information Services, Inc.</name>
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        <name>Fifth Third Bancorp</name>
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        <name>Fiserv, Inc.</name>
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        <name>Franklin Resources, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Globe Life, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Hartford Insurance Group, Inc. (The)</name>
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        <name>Jack Henry &amp; Associates, Inc.</name>
        <lei>529900X1QS8C54W0JB21</lei>
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        <name>Huntington Bancshares, Inc.</name>
        <lei>549300XTVCVV9I7B5T19</lei>
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        <name>Interactive Brokers Group, Inc.</name>
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        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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      <invstOrSec>
        <name>KKR &amp; Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KeyCorp</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Loews Corp.</name>
        <lei>R8V1FN4M5ITGZOG7BS19</lei>
        <title>Loews Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M&amp;T Bank Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
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          <isin value="US55354G1004"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mastercard, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moody's Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moody's Corp.</title>
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          <isin value="US6153691059"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Nasdaq, Inc.</name>
        <lei>549300L8X1Q78ERXFD06</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Northern Trust Corp.</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp.</title>
        <cusip>665859104</cusip>
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          <isin value="US6658591044"/>
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        <balance>11560.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PNC Financial Services Group, Inc. (The)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <name>PayPal Holdings, Inc.</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PayPal Holdings, Inc.</title>
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        <name>T. Rowe Price Group, Inc.</name>
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        <name>Principal Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Progressive Corp. (The)</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>Progressive Corp. (The)</title>
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          <isin value="US7433151039"/>
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        <name>ProShares GENIUS Money Market ETF</name>
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        <title>ProShares GENIUS Money Market ETF</title>
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        <name>Prudential Financial, Inc.</name>
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        <name>Raymond James Financial, Inc.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
        <title>Raymond James Financial, Inc.</title>
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        <name>Regions Financial Corp.</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp.</title>
        <cusip>7591EP100</cusip>
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        <name>Robinhood Markets, Inc.</name>
        <lei>213800FS5AO3YWIE6F63</lei>
        <title>Robinhood Markets, Inc., Class A</title>
        <cusip>770700102</cusip>
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        <name>S&amp;P Global, Inc.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
        <cusip>808513105</cusip>
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        <balance>102099.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Block, Inc.</name>
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        <name>State Street Corp.</name>
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        <name>Travelers Cos., Inc. (The)</name>
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        <name>Truist Financial Corp.</name>
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        <name>United States of America</name>
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        <name>Aon plc</name>
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        <name>Arch Capital Group Ltd.</name>
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        <name>Everest Group Ltd.</name>
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        <name>Invesco Ltd.</name>
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        <name>Chubb Ltd.</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="UYG_IXM_GOL"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="UYG_IXM_JPM"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>J.P. Morgan Securities</counterpartyName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="UYG_IXM_SOC"/>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Societe Generale</counterpartyName>
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                <indexName>S&amp;P Financial Select Sector Index</indexName>
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            <swapFlag>Y</swapFlag>
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                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="FEDL01" floatingRtSpread="1.05000000" pmntAmt="0.00000000">
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                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2027-03-08</terminationDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="UYG_IXM_UBS"/>
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        <balance>195353.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
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              <indexBasketInfo>
                <indexName>S&amp;P Financial Select Sector Index</indexName>
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            <swapFlag>Y</swapFlag>
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                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2027-04-15</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
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            <unrealizedAppr>27807198.62000001</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Each Repurchase Agreement was fully collateralized which had an aggregate value at the Trust level." noteItem="C.10.f.iii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>ProShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Maria Clem Sell</ncom:signature>
      <ncom:signerName>Maria Clem Sell</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
