# EDGAR Filing Document

**Accession Number:** 0001174610
**File Stem:** 0001752724-25-180284
**Filing Date:** 2025-7
**Character Count:** 11843
**Document Hash:** ae3ab351932f116a47f1c73d2b1f771e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180284.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180284

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROSHARES TRUST
- **CENTRAL INDEX KEY:** 0001174610

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21114
- **FILM NUMBER:** 251154133

**BUSINESS ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 240-497-6400

**MAIL ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XTRASHARES TRUST
- **DATE OF NAME CHANGE:** 20030409

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROFUNDS ETF TRUST
- **DATE OF NAME CHANGE:** 20020531

## Series and Classes Contracts Data

### ProShares UltraShort S&P500 (Series ID: S000006832)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000018470 | ProShares UltraShort S&P500 | SDS             |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ProShares Trust

- **b. Investment Company Act file number:** 811-21114

- **c. CIK number of Registrant:** 0001174610

- **d. LEI of Registrant:** 5493005D9DS7C1P5AM59

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 7272 Wisconsin Avenue

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 240-497-6400

**Item A.2. Information about the Series.**

- **a. Name of Series:** ProShares UltraShort S&P500

- **b. EDGAR series identifier (if any):** S000006832

- **c. LEI of Series:** 1X5PN4N7IS336EIQEE06

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $524950807.50

**Total Liabilities:** $90042325.47

**Net Assets:** $434908482.03

**Cash Not Reported:** $218324.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018470 | 12.23%               | -3.49%               | -11.14%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-88.89                  | $-117640.25                                |
| Month 2  | $194.44                  | $-4377.55                                  |
| Month 3  | $0.00                    | $57993.39                                  |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### Schedule of Portfolio Investments

| Name                     | Title                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |  12641767 | PA      | $12641767.17  | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | S&P 500 E-Mini Index | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -216 | NC      | $-1575258.99  | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    632088 | PA      | $632088.36    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -15600 | NC      | $-201443.17   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24874135.50  | 5.72%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   8849237 | PA      | $8849237.02   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797PL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  30000000 | PA      | $29996481.60  | 6.90%             | 2025-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  75000000 | PA      | $74665917.00  | 17.17%            | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -17359 | NC      | $-16789074.56 | -3.86%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -12604 | NC      | $-1973365.21  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   3792530 | PA      | $3792530.15   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -16017 | NC      | $-10023118.38 | -2.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -10435 | NC      | $-10482877.78 | -2.41%            |  |  |  | No            |                  2 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   7585060 | PA      | $7585060.30   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   6320884 | PA      | $6320883.58   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797PS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49911666.50  | 11.48%            | 2025-06-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |  13100658 | PA      | $13100657.62  | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -9030 | NC      | $-13041971.39 | -3.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -14725 | NC      | $-2350981.02  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797NW3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  30000000 | PA      | $29915525.10  | 6.88%             | 2025-06-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797NV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49894250.00  | 11.47%            | 2025-06-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -22887 | NC      | $-16502951.53 | -3.79%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | Total Return Swap    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -17474 | NC      | $-18299761.03 | -4.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Repurchase Agreement     | Repurchase Agreement | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   4424619 | PA      | $4424618.51   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797PR2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  75000000 | PA      | $74929500.00  | 17.23%            | 2025-06-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America | U.S. Treasury Bills  | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        | 125000000 | PA      | $124546571.25 | 28.64%            | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** ProShares Trust

**Signature:** Maria Clem Sell

**Name of Signer:** Maria Clem Sell

**Title:** Treasurer