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AMENDMENT NO. 40 DATED JULY 16, 2025 TO THE PROSHARES TRUST MANAGEMENT SERVICES AGREEMENT DATED DECEMBER 15, 2005, BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC
SCHEDULE A
TO THE MANAGEMENT SERVICES AGREEMENT
BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC
As of July 16, 2025
Each Portfolio listed below shall pay the Advisor a fee pursuant to the Management Services Agreement at an annualized rate of 0.10% based on its average daily net assets, as follows:1
Fund Name
ProShares Ultra S&P500
ProShares Ultra MidCap400
ProShares Ultra Dow30
ProShares Ultra QQQ
ProShares Ultra Materials
ProShares Ultra Consumer Staples
ProShares Ultra Consumer Discretionary
ProShares Ultra Financials
ProShares Ultra Health Care
ProShares Ultra Industrials
ProShares Ultra Nasdaq Cloud Computing
ProShares Ultra Nasdaq Cybersecurity
ProShares Ultra Energy
ProShares Ultra Real Estate
ProShares Ultra Semiconductors
ProShares Ultra Technology
ProShares Ultra Communication Services
ProShares Ultra Utilities
ProShares Ultra Russell2000
ProShares Ultra SmallCap600
ProShares Ultra MSCI Japan
ProShares Ultra MSCI Emerging Markets
ProShares Ultra MSCI EAFE
ProShares Ultra Nasdaq Biotechnology
ProShares Ultra FTSE China 50
ProShares Ultra 7-10 Year Treasury
ProShares Ultra 20+ Year Treasury
ProShares Ultra High Yield
ProShares Ultra FTSE Europe
ProShares Ultra MSCI Brazil Capped
ProShares Ultra Top QQQ
ProShares Ultra QQQ Top 30
ProShares Ultra COIN
ProShares Ultra MARA
ProShares Ultra MSTR
ProShares Ultra CRCL
ProShares Ultra NVDA
ProShares Ultra PLTR
1All fees are computed daily and paid monthly
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Fund Name
ProShares Ultra TSLA
ProShares Short S&P500
ProShares Short MidCap400
ProShares Short Dow30
ProShares Short QQQ
ProShares Short QQQ Top 30
ProShares Short Russell2000
ProShares Short SmallCap600
ProShares Short Financials
ProShares Short Real Estate
ProShares Short MSCI Emerging Markets
ProShares Short MSCI EAFE
ProShares Short 7-10 Year Treasury
ProShares Short 20+ Year Treasury
ProShares Short High Yield
ProShares Short FTSE China 50
ProShares UltraShort S&P500
ProShares UltraShort MidCap400
ProShares UltraShort Dow30
ProShares UltraShort QQQ
ProShares UltraShort Russell2000
ProShares UltraShort SmallCap600
ProShares UltraShort Materials
ProShares UltraShort Consumer Staples
ProShares UltraShort Consumer Discretionary
ProShares UltraShort Financials
ProShares UltraShort Health Care
ProShares UltraShort Industrials
ProShares UltraShort Energy
ProShares UltraShort Real Estate
ProShares UltraShort Semiconductors
ProShares UltraShort Technology
ProShares UltraShort Utilities
ProShares UltraShort MSCI Japan
ProShares UltraShort MSCI Emerging Markets
ProShares UltraShort MSCI EAFE
ProShares UltraShort Nasdaq Biotechnology
ProShares UltraShort Nasdaq Cloud Computing
ProShares UltraShort Nasdaq Cybersecurity
ProShares UltraShort FTSE China 50
ProShares UltraShort 7-10 Year Treasury
ProShares UltraShort 20+ Year Treasury
ProShares UltraShort FTSE Europe
ProShares UltraShort MSCI Brazil Capped
ProShares UltraShort Top QQQ
ProShares UltraShort QQQ Top 30
ProShares UltraShort COIN
ProShares UltraShort MARA
ProShares UltraShort MSTR
ProShares UltraPro S&P500
ProShares UltraPro QQQ
ProShares UltraPro Dow30
ProShares UltraPro Russell2000
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Fund Name
ProShares UltraPro MidCap400
ProShares UltraPro Short S&P500
ProShares UltraPro Short QQQ
ProShares UltraPro Short Dow30
ProShares UltraPro Short Russell2000
ProShares UltraPro Short MidCap400
ProShares UltraPro Short 20+ Year Treasury
ProShares Inflation Expectations ETF
ProShares Global Listed Private Equity ETF
ProShares Hedge Replication ETF
ProShares Merger ETF
ProShares Ultra S&P 500 Equal Weight
PROSHARE ADVISORS LLC, |
PROSHARES TRUST, |
a Maryland limited liability company |
a Delaware statutory trust |
By: /s/ Michael L. Sapir |
By: /s/ Todd B. Johnson |
Michael L. Sapir |
Todd B. Johnson |
Chief Executive Officer |
President |
