Short 20+ Year Treasury

ProShares Short 20+ Year Treasury seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index.

View Prospectus (PDF) | Download Fact Sheet (PDF)

This ETF seeks a return of -100% of the return of an index (target) for a single day. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their ProShares holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

Fund Snapshot

Ticker	TBF
Intraday Ticker	TBF.IV
CUSIP	74347X849
Inception Date	8/18/09
Expense Ratio	0.95%
NAV Calculation Time	3:00 p.m. ET

Price Information as of 2/8/10

NAV	$48.98
NAV Change	$0.20
Market Price Closing	$48.90
Market Price Closing Change	-$0.09
Daily Trading Volume	231,266
Premium/Discount Analysis Tool \| NAV History

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see Performance. See the prospectus for more information.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Short ProShares should lose money when their benchmark indexes rise—a result that is opposite from traditional ETFs. Short ProShares entail certain risks, including, in some or all cases, aggressive investment techniques (futures contracts, options, forward contracts, swap agreements and similar instruments), correlation or inverse correlation, leverage and market price variance, all of which can increase volatility and decrease performance. ProShares are nondiversified and may be more susceptible to single issuer risk than a more diversified fund. Please see the prospectus for a more complete description of these risks.

Barclays Capital and Barclays Capital Inc. are trademarks of Barclays Capital Inc. and have been licensed for use by ProShares. ProShares are not sponsored, endorsed, sold, or promoted by Barclays Capital or its affiliates and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

ProShares are distributed by SEI Investments Distribution Co.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

Carefully consider the investment objectives, risks, and charges and expenses of ProShares before investing. This and other information can be found in their prospectuses. Read the prospectus carefully before investing. For a ProShares prospectus, please download it now and seek advice from your financial advisor or broker dealer representative. Financial professionals can call ProShares at 866-PRO-5125.

ProShares registered under the Investment Company Act of 1940 are distributed by SEI Investments Distribution Co., which is not affiliated with ProFunds Group or its affiliates. Your use of this site signifies that you accept our Terms & Conditions of Use.

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