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Trending ETFs

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$35.35

$324 M

4.08%

$1.44

0.90%

Vitals

YTD Return

18.3%

1 yr return

20.2%

3 Yr Avg Return

22.7%

5 Yr Avg Return

4.1%

Net Assets

$324 M

Holdings in Top 10

115.5%

52 WEEK LOW AND HIGH

$35.6
$29.01
$44.55

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$35.35

$324 M

4.08%

$1.44

0.90%

TBT - Profile

Distributions

  • YTD Total Return 18.3%
  • 3 Yr Annualized Total Return 22.7%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.83%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ProShares UltraShort 20+ Year Treasury
  • Fund Family Name
    ProShares Trust
  • Inception Date
    May 01, 2008
  • Shares Outstanding
    54106929
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target.The Index is constructed and maintained by ICE Data Indices, LLC (“IDI”). The Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to 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 guaranteeand zero coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is market value weighted and the securities in the Underlying Index are updated on the last business day of each month. The Index is published under the Bloomberg ticker symbol “IDCOT20.”Under normal circumstances, the Fund will obtain inverse leveraged exposure to at least 80% of its total assets in component securities of the Index or in instruments with similar economic characteristics.The Fund will invest principally in the financial instruments listed below.Derivatives — Financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, ETFs, interest rates or indexes. These derivatives principally include:Swap Agreements — Contracts entered into primarily with major global financial institutions for a specified period ranging from a day to more than one year. In a standard swap transaction, two parties agree to exchange or “swap” payments based on the change in value of an underlying asset or benchmark. For example, two parties may agree to exchange the return (or differentials in rates of returns) earned or realized on a particular investment or instrument.Futures Contracts — Standardized contracts that obligate the parties to buy or sell an asset at a predetermined price and date in the future.Money Market Instruments — The Fund expects that any cash balances maintained in connection with its use of derivatives will typically be held in high quality, short-term money market instruments, for example:U.S. Treasury Bills — U.S. government securities that have initial maturities of one year or less, and are supported by the full faith and credit of the U.S. government.Repurchase Agreements — Contracts in which a seller of securities, usually U.S. government securities or other money market instruments, agrees to buy the securities back at a specified time and price.ProShare Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce daily returns consistent with the Daily Target. For these purposes a day is measured from the time of one net asset value (“NAV”) calculation to the next.The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide inverse leveraged exposure consistent with the investment objective, without regard to market conditions, trends or direction. However,the Fund may invest in or gain exposure toonly a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining inverse leveraged exposure consistent with the investmentobjective.The Fund seeks to rebalance its portfolio each day so that its exposure to the Index is consistent with the Daily Target. The Index’s movements during the day will affect whether the Fund’s portfolio needs to be rebalanced. For example, if the Index has risen on a given day, net assets of the Fund should fall (assuming there were no Creation Units issued). As a result, the Fund’s exposure will need to be decreased. Conversely, if the Index has fallen on a given day, net assets of the Fund should rise (assuming there were no Creation Unit redemptions). As a result, the Fund’s exposure will need to be increased.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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TBT - Performance

Return Ranking - Trailing

Period TBT Return Category Return Low Category Return High Rank in Category (%)
YTD 18.3% -0.1% 26.9% 13.64%
1 Yr 20.2% -6.4% 25.0% 9.09%
3 Yr 22.7%* -1.3% 28.3% 13.64%
5 Yr 4.1%* -4.4% 5.3% 38.10%
10 Yr -4.6%* -11.3% 0.1% 80.00%

* Annualized

Return Ranking - Calendar

Period TBT Return Category Return Low Category Return High Rank in Category (%)
2023 -7.1% -20.8% 3.3% 81.82%
2022 92.4% 6.9% 150.2% 13.64%
2021 2.9% -7.1% 7.5% 18.18%
2020 -38.1% -54.3% -6.6% 90.91%
2019 -24.5% -36.0% -6.6% 90.48%

Total Return Ranking - Trailing

Period TBT Return Category Return Low Category Return High Rank in Category (%)
YTD 18.3% -0.1% 26.9% 13.64%
1 Yr 20.2% -6.4% 25.0% 9.09%
3 Yr 22.7%* -1.3% 28.3% 13.64%
5 Yr 4.1%* -4.4% 5.3% 38.10%
10 Yr -4.6%* -11.3% 0.1% 80.00%

* Annualized

Total Return Ranking - Calendar

Period TBT Return Category Return Low Category Return High Rank in Category (%)
2023 -2.4% -20.0% 4.6% 63.64%
2022 93.3% 6.9% 150.2% 13.64%
2021 2.9% -6.7% 7.5% 18.18%
2020 -37.9% -54.1% -5.9% 90.91%
2019 -22.9% -34.9% -5.2% 90.48%

TBT - Holdings

Concentration Analysis

TBT Category Low Category High TBT % Rank
Net Assets 324 M 911 K 324 M 4.55%
Number of Holdings 18 4 18 4.55%
Net Assets in Top 10 374 M 315 K 374 M 4.55%
Weighting of Top 10 115.48% 34.6% 115.5% 4.55%

Top 10 Holdings

  1. U.S. Treasury Bills 23.06%
  2. U.S. Treasury Bills 23.04%
  3. U.S. Treasury Bills 15.27%
  4. U.S. Treasury Bills 15.24%
  5. Repurchase Agreement 10.97%
  6. U.S. Treasury Bills 7.70%
  7. U.S. Treasury Bills 7.66%
  8. Total Return Swap 4.82%
  9. Repurchase Agreement 4.56%
  10. Repurchase Agreement 3.17%

Asset Allocation

Weighting Return Low Return High TBT % Rank
Cash
92.31% 0.08% 106.02% 22.73%
Other
7.69% -5.42% 99.92% 81.82%
Stocks
0.00% 0.00% 51.91% 95.45%
Preferred Stocks
0.00% 0.00% 0.00% 95.45%
Convertible Bonds
0.00% 0.00% 0.08% 95.45%
Bonds
0.00% -49.81% 12.84% 77.27%

TBT - Expenses

Operational Fees

TBT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.90% 5.37% 100.00%
Management Fee 0.75% 0.75% 0.90% 77.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.25% 0.25% N/A

Sales Fees

TBT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TBT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TBT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 344.00% N/A

TBT - Distributions

Dividend Yield Analysis

TBT Category Low Category High TBT % Rank
Dividend Yield 4.08% 0.00% 14.17% 31.82%

Dividend Distribution Analysis

TBT Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

TBT Category Low Category High TBT % Rank
Net Income Ratio -0.83% -3.85% -0.83% 4.55%

Capital Gain Distribution Analysis

TBT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TBT - Fund Manager Analysis

Managers

Alexander Ilyasov


Start Date

Tenure

Tenure Rank

Apr 05, 2019

3.16

3.2%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

James Linneman


Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.21 27.26 11.01 14.22