ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA US) - Portfolio Construction Methodology

Core Insights - The ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) focuses on large-cap, non-financial Nasdaq-listed equities with strong price momentum [1] - The underlying index selects the top 21 stocks based on a relative-strength matrix and point-and-figure trend signals, with quarterly rebalancing [1] - Constituents are equal-weighted to ensure no single stock exceeds approximately 5% of the portfolio, reflecting momentum rather than the parent index weights [1] Index Methodology - The Nasdaq-100 Dorsey Wright Momentum Index uses a comprehensive screening process for free-float and liquidity [1] - Stocks are retained if they remain within a defined top-tier band to limit turnover during quarterly reviews [1] - Additions to the index are based on sustained relative outperformance, while deletions occur when momentum deteriorates or a company exits the Nasdaq-100 [1]