QB

Nasdaq-100 Dynamic Buffer ETF

QB aims to provide upside participation in the Nasdaq-100, with downside mitigation and lower volatility. The strategy involves a daily cap and a daily target buffer that are adjusted based on expected market volatility.

 

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Investment Objective

Nasdaq-100 Dynamic Buffer ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Dynamic Buffer Index.

Documents & Downloads
Statutory Prospectus
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Summary Prospectus
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Statement of Add'l Information
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NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 8/31/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
QB Market Price 0.97% -- -- -- -- -- -- -- 1.65% 06/24/2025
QB NAV 1.21% -- -- -- -- -- -- -- 1.90% 06/24/2025
Nasdaq-100 Dynamic Buffer Index 1.29% 3.91% 2.49% 2.08% 5.12% 9.98% -- -- 2.09% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    QB
  • Intraday Ticker
    QB.IV
  • CUSIP
    74349Y597
  • Inception Date
    6/24/25
  • Expense Ratio
    0.58%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Price
as of 9/12/2025
  • NAV
    $41.02
  • NAV Change
    $0.00
  • Market Price
    $41.01
  • Market Price Change
    $-0.04 down caret
  • Trading Volume (M)
    5,182
  • 30-Day Median Bid Ask Spread
    0.27%
  • View Premium / Discount
Snapshot
  • Ticker
    QB
  • Intraday Ticker
    QB.IV
  • CUSIP
    74349Y597
  • Inception Date
    6/24/25
  • Expense Ratio
    0.58%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Price
as of 9/12/2025
  • NAV
    $41.02
  • NAV Change
    $0.00
  • Market Price
    $41.01
  • Market Price Change
    $-0.04 down caret
  • Trading Volume (M)
    5,182
  • 30-Day Median Bid Ask Spread
    0.27%
  • View Premium / Discount

Exposures

Index as of 6/16/2025

Holdings

as of 9/12/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
99.90% -- NASDAQ-100 DYNAMIC BUFFER OPTION ONLY INDEX SWAP GOLDMAN SACHS INTERNATIONAL 2,458,745 -- 3,810 --
19.59% -- NASDAQ 100 E-MINI EQUITY INDEX 19/SEP/2025 NQU5 INDEX 482,265 -- 01 --
7.76% NVDA NVIDIA CORP -- $190,978.68 1,074 2379504
6.80% MSFT MICROSOFT CORP -- $167,247.20 328 2588173
6.26% AAPL APPLE INC -- $154,018.06 658 2046251
5.00% AVGO BROADCOM INC -- $123,075.54 342 BDZ78H9
4.33% AMZN AMAZON.COM INC -- $106,546.05 467 2000019
2.92% META META PLATFORMS INC-CLASS A -- $71,781.05 95 B7TL820
2.57% TSLA TESLA INC -- $63,350.40 160 B616C79
2.50% GOOGL ALPHABET INC-CL A -- $61,644.80 256 BYVY8G0
2.35% GOOG ALPHABET INC-CL C -- $57,931.20 240 BYY88Y7
2.22% NFLX NETFLIX INC -- $54,668.24 46 2857817
1.89% COST COSTCO WHOLESALE CORP -- $46,459.20 48 2701271
1.71% PLTR PALANTIR TECHNOLOGIES INC-A -- $42,000.35 245 BN78DQ4
1.21% TMUS T-MOBILE US INC -- $29,731.56 123 B94Q9V0
1.16% CSCO CISCO SYSTEMS INC -- $28,474.84 428 2198163
1.13% AMD ADVANCED MICRO DEVICES -- $27,749.75 175 2007849
1.00% LIN LINDE PLC -- $24,584.04 51 BNZHB81
0.89% BKNG BOOKING HOLDINGS INC -- $21,833.28 04 BDRXDB4
0.86% PEP PEPSICO INC -- $21,242.44 148 2681511
0.80% APP APPLOVIN CORP-CLASS A -- $19,788.00 34 BMV3LG4
0.79% INTU INTUIT INC -- $19,380.90 30 2459020
0.78% QCOM QUALCOMM INC -- $19,257.77 119 2714923
0.77% MU MICRON TECHNOLOGY INC -- $19,024.83 121 2588184
0.77% SHOP SHOPIFY INC - CLASS A -- $18,926.16 132 BXDZ9Z0
0.73% TXN TEXAS INSTRUMENTS INC -- $17,894.80 98 2885409
0.71% ISRG INTUITIVE SURGICAL INC -- $17,537.52 39 2871301
0.66% AMGN AMGEN INC -- $16,307.01 59 2023607
0.66% LRCX LAM RESEARCH CORP -- $16,140.48 138 BSML4N7
0.65% ADBE ADOBE INC -- $16,070.56 46 2008154
0.62% GILD GILEAD SCIENCES INC -- $15,243.84 134 2369174
0.59% AMAT APPLIED MATERIALS INC -- $14,598.60 87 2046552
0.59% HON HONEYWELL INTERNATIONAL INC -- $14,590.74 69 2020459
0.57% PANW PALO ALTO NETWORKS INC -- $14,132.88 72 B87ZMX0
0.57% MELI MERCADOLIBRE INC -- $14,036.16 06 B23X1H3
0.55% KLAC KLA CORP -- $13,496.28 14 2480138
0.54% CMCSA COMCAST CORP-CLASS A -- $13,290.12 402 2044545
0.54% ADI ANALOG DEVICES INC -- $13,241.34 54 2032067
0.52% ADP AUTOMATIC DATA PROCESSING -- $12,914.00 44 2065308
0.48% CRWD CROWDSTRIKE HOLDINGS INC - A -- $11,774.70 27 BJJP138
0.46% DASH DOORDASH INC - A -- $11,351.12 44 BN13P03
0.46% INTC INTEL CORP -- $11,341.68 471 2463247
0.45% VRTX VERTEX PHARMACEUTICALS INC -- $11,046.84 28 2931034
0.45% CEG CONSTELLATION ENERGY -- $10,998.32 34 BMH4FS1
0.42% CDNS CADENCE DESIGN SYS INC -- $10,304.40 30 2302232
0.41% SBUX STARBUCKS CORP -- $9,991.80 122 2842255
0.40% ORLY O'REILLY AUTOMOTIVE INC -- $9,782.50 91 B65LWX6
0.38% MSTR STRATEGY INC -- $9,280.32 28 2974329
0.37% PDD PDD HOLDINGS INC -- $9,031.68 72 BYVW0F7
0.36% CTAS CINTAS CORP -- $8,904.28 44 2197137
0.35% MDLZ MONDELEZ INTERNATIONAL INC-A -- $8,615.22 139 B8CKK03
0.35% SNPS SYNOPSYS INC -- $8,509.00 20 2867719
0.34% TRI THOMSON REUTERS CORP -- $8,303.52 48 BNBXPB4
0.33% ASML ASML HOLDING NV-NY REG SHS -- $8,138.70 10 B908F01
0.32% MAR MARRIOTT INTERNATIONAL -CL A -- $7,995.00 30 2210614
0.30% ADSK AUTODESK INC -- $7,338.04 23 2065159
0.28% PYPL PAYPAL HOLDINGS INC -- $6,956.56 104 BYW36M8
0.27% MNST MONSTER BEVERAGE CORP -- $6,727.76 104 BZ07BW4
0.27% REGN REGENERON PHARMACEUTICALS -- $6,720.00 12 2730190
0.27% CSX CSX CORP -- $6,558.94 202 2160753
0.27% FTNT FORTINET INC -- $6,533.76 82 B5B2106
0.25% AEP AMERICAN ELECTRIC POWER -- $6,239.22 57 2026242
0.25% MRVL MARVELL TECHNOLOGY INC -- $6,196.20 92 BNKJSM5
0.25% ROP ROPER TECHNOLOGIES INC -- $6,150.36 12 2749602
0.25% NXPI NXP SEMICONDUCTORS NV -- $6,126.96 28 B505PN7
0.25% AXON AXON ENTERPRISE INC -- $6,049.04 08 BDT5S35
0.24% FAST FASTENAL CO -- $5,836.35 123 2332262
0.23% IDXX IDEXX LABORATORIES INC -- $5,770.26 09 2459202
0.23% PCAR PACCAR INC -- $5,740.56 56 2665861
0.23% ABNB AIRBNB INC-CLASS A -- $5,637.30 46 BMGYYH4
0.22% WDAY WORKDAY INC-CLASS A -- $5,361.36 24 B8K6ZD1
0.21% ROST ROSS STORES INC -- $5,176.50 35 2746711
0.21% PAYX PAYCHEX INC -- $5,134.18 38 2674458
0.21% AZN ASTRAZENECA PLC-SPONS ADR -- $5,091.84 64 2989044
0.21% WBD WARNER BROS DISCOVERY INC -- $5,057.16 268 BM8JYX3
0.20% CPRT COPART INC -- $4,985.20 103 2208073
0.20% BKR BAKER HUGHES CO -- $4,927.94 106 BDHLTQ5
0.20% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $4,925.20 20 2122117
0.20% ZS ZSCALER INC -- $4,814.23 17 BZ00V34
0.19% EXC EXELON CORP -- $4,685.04 108 2670519
0.19% EA ELECTRONIC ARTS INC -- $4,654.26 27 2310194
0.19% DDOG DATADOG INC - CLASS A -- $4,641.00 34 BKT9Y49
0.18% XEL XCEL ENERGY INC -- $4,512.36 62 2614807
0.18% CCEP COCA-COLA EUROPACIFIC PARTNE -- $4,395.79 49 BYQQ3P5
0.17% FANG DIAMONDBACK ENERGY INC -- $4,243.28 31 B7Y8YR3
0.16% KDP KEURIG DR PEPPER INC -- $3,975.58 146 BD3W133
0.16% CHTR CHARTER COMMUNICATIONS INC-A -- $3,951.00 15 BZ6VT82
0.16% VRSK VERISK ANALYTICS INC -- $3,926.25 15 B4P9W92
0.16% CSGP COSTAR GROUP INC -- $3,906.00 45 2262864
0.15% MCHP MICROCHIP TECHNOLOGY INC -- $3,752.60 58 2592174
0.15% GEHC GE HEALTHCARE TECHNOLOGY -- $3,745.56 49 BL6JPG8
0.15% CTSH COGNIZANT TECH SOLUTIONS-A -- $3,666.01 53 2257019
0.14% KHC KRAFT HEINZ CO/THE -- $3,344.64 128 BYRY499
0.13% DXCM DEXCOM INC -- $3,201.24 42 B0796X4
0.13% ODFL OLD DOMINION FREIGHT LINE -- $3,187.58 22 2656423
0.13% TEAM ATLASSIAN CORP-CL A -- $3,147.66 18 BQ1PC76
0.09% CDW CDW CORP/DE -- $2,300.06 14 BBM5MD6
0.09% ARM ARM HOLDINGS PLC-ADR -- $2,259.60 15 BNSP5P7
0.09% BIIB BIOGEN INC -- $2,172.90 15 2455965
0.09% ON ON SEMICONDUCTOR -- $2,171.70 45 2583576
0.09% TTD TRADE DESK INC/THE -CLASS A -- $2,167.20 48 BD8FDD1
0.08% LULU LULULEMON ATHLETICA INC -- $2,078.25 13 B23FN39
0.08% GFS GLOBALFOUNDRIES INC -- $1,868.53 59 BMW7F63
-- -- NET OTHER ASSETS (LIABILITIES) -- $484,611.07 484,611 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

Options Position
as of 9/12/2025
  • TypeNasdaq-100 Index
  • Expiration Date9/15/2025
  • Strike Price - Short Call24,370
  • Strike Price - Long Put24,200
  • Strike Price - Short Put23,790
  • FIGI - Short CallBBG01X4ZK6P1
  • FIGI - Long PutBBG01WL5K929
  • FIGI - Short PutBBG01X4ZL2R7
Characteristics
as of 6/16/2025
  • Total Number of Companies101
  • Price/Earnings Ratio7.92
  • Price/Book Ratio32.71
  • Dividend Yield ( % )0.99
  • Avg. Index Market Capitalization$299.14 billion
About the Index

The index measures the performance of a long position in the Nasdaq 100 Index along with three Nasdaq Weeklys Index options, consisting of a short call, a long put, and a short put, one day from the maturity date.

Distributions

This fund has not made any distributions.

Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date. 

Each ProShares Dynamic Buffer ETF’s Index employs a Dynamic Buffer Strategy that combines long exposure to an underlying broad-based index with both long and short options on the underlying index having one day to expiration. This combination targets upside participation up to a daily cap, less the cost of implementing the strategy, on days the underlying index rises. On days the underlying index falls, the strategy seeks to mitigate losses through a daily buffer designed to protect against the first 1% to as much as the first 5% of any loss that day, less the cost of implementing the strategy. Both the daily cap and the daily buffer are adjusted based on expected market volatility. When expected market volatility is higher, the daily cap and the daily buffer are designed to be higher.  

There can be no guarantee that the ETF’s Dynamic Buffer Strategy will provide protection against downside losses or provide upside participation in the underlying index on a daily basis or over longer periods of time. The cost of implementing the strategy and the impact of market movements after the strike prices of the options underlying the strategy have been determined may substantially impact the protection provided by the buffer and the level of the cap. The ETF’s daily buffer and daily cap are determined for each business day based on a measure of expected volatility the prior business day at 2:40 p.m., prior to the close of equity markets. As a result, market movements between this time and the equity market close will impact, and may even eliminate, the level of downside protection or upside participation provided by the ETF on the next business day. Shares traded after the daily cap or daily buffer have been reached should not expect to benefit from such cap or buffer that day. The ETF may underperform its underlying broad-based index over short or long periods of time, potentially significantly. 

Investing involves risk, including the possible loss of principal. ProShares ETFs are generally non-diversified and entail certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective. 

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. 

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. 

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark. 

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional. 

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above. 

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®, NDX®, and Nasdaq-100 Dynamic Buffer™ Index, NDXDBI™ are registered trademarks of Nasdaq, Inc. (which with its affiliates and third party licensors is referred to as the “Corporations”) and are licensed for use by ProShare Advisors LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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