ProShares Short 20+ Year TreasuryProShares Short 20+ Year TreasuryProShares Short 20+ Year Treasury

ProShares Short 20+ Year Treasury

No trades
Buy TBF

Key stats


Assets under management (AUM)
‪81.62 M‬USD
Fund flows (1Y)
‪−102.09 M‬USD
Dividend yield (indicated)
4.83%
Discount/Premium to NAV
−0.2%

About ProShares Short 20+ Year Treasury


Issuer
ProShare Advisors LLC
Brand
ProShares
Expense ratio
0.95%
Home page
Inception date
Aug 20, 2009
Index tracked
US Treasury 20+ Year Index
Management style
Passive
TBF is a choice for levered bets on rising interest rates. Using a combination of swaps and futures, TBF gives investors inverse (-1x) exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the -1x leverage results in greater impact from the effects of compounding. As a levered product, TBF is not a buy-and-hold ETF, it's a short-term tactical instrument. On Oct. 14, 2016, TBF changed its underlying index from Bloomberg Barclays U.S. 20+ Year Treasury Bond Index to ICE U.S. Treasury 20+ Year Bond Index. The change had minimal impact on investors exposure.

Classification


Asset Class
Fixed income
Category
Government, treasury
Focus
Investment grade
Niche
Long-term
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 30, 2024
Exposure type
Bonds, Cash & Other
Government
Cash
Bonds, Cash & Other100.00%
Government61.11%
Cash38.89%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows