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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eli Lilly &amp; Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Deckers Outdoor Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Mettler-Toledo International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Apple, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Automatic Data Processing, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ross Stores, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Snap-on, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Express Co.</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>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Genuine Parts Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Globe Life, Inc.</name>
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        <title>Globe Life, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WW Grainger, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Travelers Cos., Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Adobe, Inc.</name>
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        <title>Adobe, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TE Connectivity plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Universal Health Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Honeywell International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Williams-Sonoma, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AutoZone, Inc.</name>
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        <title>AutoZone, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>McKesson Corp.</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>McKesson Corp.</title>
        <cusip>58155Q103</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ulta Beauty, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cardinal Health, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cognizant Technology Solutions Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JB Hunt Transport Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Corpay, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Colgate-Palmolive Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Applied Materials, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Henry Schein, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Avery Dennison Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Verisk Analytics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Allegion plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Ameriprise Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Agilent Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Domino's Pizza, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MetLife, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comfort Systems USA, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Textron, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Emerson Electric Co.</name>
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        <name>Old Dominion Freight Line, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Masco Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mondelez International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
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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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Lockheed Martin Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CSX Corp.</name>
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        <name>A O Smith Corp.</name>
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    <signature>
      <ncom:dateSigned>2026-09-30</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>
