ProShares - UltraShort 20+ Year Treasury

Frequently Asked Questions About TBT

What does TBT invest in?

This ProShares UltraShort 20+ Year Treasury fund is designed to achieve daily investment returns. Its goal is to mirror, with a double inverse (-2x) leverage, the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. All stated results are calculated before any fees and expenses are applied.

What is the expense ratio of TBT?

ProShares - UltraShort 20+ Year Treasury (TBT) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations.

What is TBT's dividend yield?

TBT's trailing-twelve-month yield is 2.39%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TBT?

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

What is the credit quality of TBT?

TBT'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 TBT?

Yield to maturity (YTM) is the total return you'd earn from TBT if every bond in the portfolio is held to maturity at the current price. TBT'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.