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Form N-PX · fund registrantSEC filer no. 1174610

PROSHARES TRUST

fund voting report, part of ProShares and ProFunds

Vote records reported
191,864year to 30 June 2026
Against management
10.3%19,557 of 190,497 marked votes
Say-on-pay support
88.1%for, of for + against + abstain
Shareholder-proposal support
40.0%for, of for + against + abstain
88.4% for6.0% against5.6% other10.3% against management190,759 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

In its Form N-PX for the year to 30 June 2026, PROSHARES TRUST listed 191,864 vote records. Votes against management made up 10.3% of those marked either way (19,557 of 190,497); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 6.7%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 88.1% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 40.0% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in COMPENSATION (26.8% of 7,281), SHAREHOLDER RIGHTS AND DEFENSES (25.8% of 701) and CORPORATE GOVERNANCE (25.7% of 8,892).

It reported 32.3 million shares out on loan at record dates, 0.55% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share10.3%6.2%10.6%
Say-on-pay support rate88.1%91.6%86.0%
Shareholder-proposal support rate40.0%27.5%33.9%
Shares on loan, share of shares held0.55%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS130,821118,3903,1559.5%
SECTION 14A SAY-ON-PAY VOTES18,03714,6721,98712.0%
AUDIT-RELATED18,12318,085380.2%
INVESTMENT COMPANY MATTERS141400.0%
SHAREHOLDER RIGHTS AND DEFENSES70959111725.8%
EXTRAORDINARY TRANSACTIONS1,6771,5021758.6%
CAPITAL STRUCTURE3,5853,24534012.2%
COMPENSATION7,3045,2991,98926.8%
CORPORATE GOVERNANCE9,0137,2921,71325.7%
ENVIRONMENT OR CLIMATE1,2481411,1073.8%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE5731294449.2%
DIVERSITY, EQUITY, AND INCLUSION742766660.0%
OTHER SOCIAL ISSUES1,7263071,41910.5%
OTHER938589.9%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024139,99210.0%89.1%45.4%
year to 30 June 2025161,3489.1%88.7%34.8%
year to 30 June 2026191,86410.3%88.1%40.0%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, PROSHARES TRUST voted against management on 309 of the 2,529 it marked either way (12.2%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 499 proposals from security holders that could be told apart in the filings and on which it cast a vote, PROSHARES TRUST voted for 229 (45.9%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
JPMorgan Chase & Co.19 May 2026Independent board chairman
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
NextEra Energy, Inc.21 May 2026Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Lobbying Disclosure
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Morgan Stanley14 May 2026Shareholder proposal requesting an independent Board Chairman
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...

Shares on loan

PROSHARES TRUST reported 32.3 million shares on loan at record dates against 5.80 billion shares voted: 0.55% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

66 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
ProShares Russell 2000 High Income ETF16,17014.6%86.6%60.6%
ProShares Hedge Replication ETF16,15914.6%86.7%60.6%
ProShares Ultra Russell200016,14414.6%86.6%60.6%
ProShares UltraPro Russell200016,14214.6%86.6%60.6%
ProShares Russell 2000 Dynamic Buffer ETF15,54414.5%86.5%62.5%
ProShares S&P 500 High Income ETF13,1826.0%90.6%39.1%
ProShares UltraPro S&P5006,6076.0%90.6%39.1%
ProShares Ultra S&P5006,5976.0%90.6%39.1%
ProShares S&P 500 Dynamic Buffer ETF6,4696.1%90.6%38.9%
ProShares S&P 500 Ex-Energy ETF6,3186.2%90.1%39.3%
ProShares Ultra S&P 500 Equal Weight6,3106.1%90.6%39.0%
ProShares S&P 500 Ex-Health Care ETF5,8236.3%90.2%38.8%
ProShares S&P 500 Ex-Technology ETF5,7235.4%91.9%38.2%
ProShares Ultra SmallCap6005,6327.1%92.3%78.6%
ProShares S&P 500 Ex-Financials ETF5,1226.1%92.0%38.5%
ProShares Ultra MidCap4004,1166.2%94.5%60.0%
ProShares UltraPro MidCap4004,1166.2%94.5%60.0%
ProShares Large Cap Core Plus3,7716.3%90.4%37.3%
ProShares Ultra Nasdaq Biotechnology1,92222.3%82.0%33.3%
ProShares DJ Brookfield Global Infrastructure ETF1,5177.5%94.3%56.5%
ProShares MSCI Transformational Changes ETF1,41815.3%76.3%38.0%
ProShares UltraPro QQQ1,34111.4%83.3%34.2%
ProShares Ultra QQQ1,33511.3%83.3%34.2%
ProShares Nasdaq-100 High Income ETF1,33511.3%83.3%34.2%
ProShares Nasdaq-100 Dynamic Buffer ETF1,29611.3%83.9%34.5%
ProShares MSCI EAFE Dividend Growers ETF1,2055.9%not reported39.3%
ProShares Ultra Financials1,0997.2%84.5%40.8%
ProShares Ultra Industrials9882.9%96.3%50.0%
ProShares S&P 500 Dividend Aristocrats ETF9722.7%100.0%29.3%
ProShares Russell 2000 Dividend Growers ETF9544.4%98.1%not reported
ProShares S&P Global Core Battery Metals ETF94815.4%not reported41.7%
ProShares MSCI Europe Dividend Growers ETF8875.5%not reported72.7%
ProShares Ultra Technology86810.3%82.4%43.3%
ProShares Russell U.S. Dividend Growers ETF7812.3%98.4%22.5%
ProShares Ultra Health Care7684.3%93.3%42.4%
ProShares MSCI Emerging Markets Dividend Growers ETF72314.0%not reported50.0%
ProShares S&P MidCap 400 Dividend Aristocrats ETF7012.0%97.0%62.5%
ProShares Ultra Consumer Discretionary6336.7%95.8%35.7%
ProShares Equities for Rising Rates ETF62212.5%84.4%40.0%
ProShares Ultra Nasdaq Cloud Computing59924.0%71.7%33.3%
ProShares Ultra Consumer Staples5056.5%94.3%21.1%
ProShares S&P Technology Dividend Aristocrats ETF4795.4%86.8%36.7%
ProShares Ultra Dow304784.0%96.7%17.3%
ProShares UltraPro Dow304784.0%96.7%17.3%
ProShares Supply Chain Logistics ETF4668.8%86.7%66.7%
ProShares Merger ETF4567.1%76.6%not reported
ProShares Metaverse ETF45111.6%75.9%30.0%
ProShares Ultra Utilities4462.2%100.0%47.1%
ProShares Ultra QQQ Top 3043911.4%77.8%26.3%
ProShares Ultra Semiconductors3817.9%82.4%60.0%
ProShares Smart Materials ETF3753.3%92.3%50.0%
ProShares Ultra Real Estate3702.2%87.1%not reported
ProShares Ultra Materials3651.9%100.0%75.0%
ProShares Nanotechnology ETF35318.7%82.4%72.7%
ProShares Pet Care ETF35214.2%88.2%44.4%
ProShares Global Listed Private Equity ETF3435.2%not reportednot reported
ProShares S&P Kensho Cleantech ETF30517.2%80.0%30.8%
ProShares On-Demand ETF29414.2%90.9%25.0%
ProShares Ultra Communication SERVICES28222.7%52.9%29.7%
ProShares Ultra Energy2731.1%100.0%28.6%

The 60 series with the most vote records are shown, of 66.

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did PROSHARES TRUST vote on executive pay?

In the year to 30 June 2026 PROSHARES TRUST reported 16,659 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 14,672 were for (88.1%), 1,987 against and 0 abstentions. Counting one item per company meeting, it voted against management on 309 of the 2,529 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.

How often does PROSHARES TRUST vote against management?

10.3% of the time in the year to 30 June 2026: 19,557 of the 190,497 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did PROSHARES TRUST support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 1,154 votes on proposals from security holders in the year to 30 June 2026 and voted for 47 of them (4.1%). Across every category it voted for 40.0% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by PROSHARES TRUST (filer no. 1174610), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.