ProShares - Short High Yield

Frequently Asked Questions About SJB

What does SJB invest in?

The ProShares Short High Yield fund (SJB) is designed to deliver daily investment returns that are the exact opposite of the Markit iBoxx $ Liquid High Yield Index's daily performance, before any deductions for management fees and other operational expenses.

What is the expense ratio of SJB?

ProShares - Short High Yield (SJB) charges an expense ratio of 1.06%. This is the annual fee deducted from fund assets to cover management and operations.

What is SJB's dividend yield?

SJB's trailing-twelve-month yield is 3.60%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SJB?

Effective duration measures SJB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SJB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SJB?

SJB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SJB?

Yield to maturity (YTM) is the total return you'd earn from SJB if every bond in the portfolio is held to maturity at the current price. SJB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.