UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)*

Proshares Trust

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(Name of Issuer)

Exchange Traded Fund

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(Title of Class of Securities)

74347R826

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(CUSIP Number)

7/31/14
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(Date of Event Which Requires Filing of this Statement)\

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

(*) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP NO. 74347R826
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1. NAMES OF REPORTING PERSONS

Brinker Capital Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
instructions)

(a) ¨

(b) ¨

Not Applicable

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3. SEC USE ONLY

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4. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13106462
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See instructions)

Not Applicable/
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW ( 9)
26.51%

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12. TYPE OF REPORTING PERSON (See instructions)

IA
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Item 1(a). Name of Issuer:

Proshares Trust
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Item 1(b). Address of Issuer's Principal Executive Offices:

7501 Wisconsin Avenue

Suite 1000

Bethesda, MD 20814
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Item 2(a). Name of Person Filing:

Brinker Capital Inc.

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Item 2(b). Address of Principal Business Office, or if None,
Residence:

1055 Westlakes Drive, Suite 250, Berwyn, PA 19312

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Item 2(c). Citizenship:

Delaware

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Item 2(d). Title of Class of Securities:

Exchange Traded Fund
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Item 2(e). CUSIP Number:

74347R826
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Item 3. If This Statement is Filed Pursuant to §240 13d-1(b), or
240.13d-2(b) or (c), Check Whether the Person Filing is a:

Brinker Capital Inc.

  (e) x An investment adviser in accordance with §240.13d -1(b)(1) (ii)(E);

 Item 4. Ownership

Brinker Capital Inc.:

(a) Amount beneficially owned: 13106462
(b) Percent of class: 26.51%

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote

None.

(ii) Shared power to vote or to direct the vote

13106462

(iii) Sole power to dispose or to direct the disposition
of

None.

(iv) Shared power to dispose or to direct the disposition
of
13106462

**Note 1** Brinker Capital Inc. ("Brinker"), an
investment adviser registered under Section 203 of the Investment
Advisers Act of 1940, furnishes investment advice to
un-registered accounts (collectively, the "Accounts"). In its role
as investment adviser or manager, Brinker possesses shared voting
and investment power over securities of the Issuer described in this
schedule that are owned by the Accounts, and may be deemed to be the
beneficial owner of such shares of the Issuer held by the Accounts.
However, all securities reported in this schedule are owned by the Accounts.
Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), Brinker disclaims beneficial ownership of such
securities. In addition, the filing of this schedule shall not be
construed as an admission that the reporting person or any of its
affiliates is the beneficial owner of any securities covered by this
Schedule 13G for any other purposes than Section 13(d) of the Exchange
Act.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following: ¨

Not Applicable
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Item 6. Ownership of More Than Five Percent on Behalf of Another
Person.

The Accounts described in Note 1 above have the right to receive or the
power to direct the receipt of dividends from, or the proceeds
from the sale of, the securities held in their respective accounts.
Brinker Capital disclaims beneficial ownership of all such
securities.

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Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company.

Not Applicable
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Item 8. Identification and Classification of Members of the Group.

Not Applicable
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Item 9. Notice of Dissolution of Group.

Not Applicable
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Item 10. Certification.

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.