ProShares DJ Brookfield Global Infrastructure ETF (TOLZ US) - Portfolio Construction Methodology

Core Insights - The ProShares DJ Brookfield Global Infrastructure ETF (TOLZ US) is designed to provide exposure to global developed-market infrastructure assets, focusing on companies that derive at least 70% of their cash flows from eligible infrastructure lines [1] Group 1: Portfolio Construction Methodology - The underlying index includes owners/operators of pure-play infrastructure assets such as airports, toll roads, ports, communications, electricity transmission and distribution, oil and gas storage/transport, and water [1] - Companies must meet investability and liquidity standards on developed-market exchanges, with ongoing inclusion subject to customary buffer tests [1] - Constituents are weighted based on float-adjusted market capitalization, with explicit concentration controls: no single stock can exceed 10%, any one country is capped at 50%, and any infrastructure sector is also limited to 50% [1] - The design allows for partnerships and Master Limited Partnerships (MLPs) while applying the same capping and liquidity discipline [1] - The index undergoes quarterly reconstitution and rebalancing, effective after the third Friday of March, June, September, and December, where cash-flow purity screens, investability filters, and caps are reapplied [1]