Fund Description
ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The ICE U.S. Treasury 20+ Year Bond Index includes publicly- issued U.S. Treasury securities that have a remaining maturity greater than twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
Fund Profile
Fund Name ProShares UltraShort 20+ Year Treasury
Fund Exchange Ticker TBT
Fund Sponsor ProShares
Fund ISIN US74347B2016
Net Expense Ratio 0.92 %
Fund Inception Date 29 April 2008
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Bonds
Index Linked Passive
Index Name ICE U.S. Treasury 20+ Year Bond Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Inverse (-2x)
Developed / Emerging Developed Market Funds
Bond Type Treasury & Government
Credit Quality Investment Grade Only
Average Maturity Long (10 + years)
Bond Currency Denomination Not Applicable
Key Statistics
Return As of Date 23 November 2022
Asset Under Management 875.69 Million (USD)
1 Month Total Return -13.39 %
Year To Date Return 82.71 %
1 Year Total Return 91.32 %
3 Year Annualized Total Return 6.50 %
NAV 30.8268
Share Outstanding 28,406,900
Top 10 Holdings (25 November 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Derivatives offset OTHR 2.0079755269
TREASURY BILL B 0 12/15/22 BILL 0.1429289064
TREASURY BILL B 0 03/23/23 BILL 0.1412194768
TREASURY BILL B 0 12/01/22 BILL 0.1144824723
TREASURY BILL B 0 12/27/22 BILL 0.1141491997
TREASURY BILL B 0 03/16/23 BILL 0.1130700121
TREASURY BILL B 0 04/06/23 BILL 0.0845664494
TREASURY BILL B 0 05/18/23 BILL 0.0840574416
Net Other Assets (Liabilities) OTHR 0.0634125716
TREASURY BILL B 0 01/26/23 BILL 0.0568906362