Short High Yield - SJB Short High Yield

ProShares Short High Yield seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx $ Liquid High Yield Index.

This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. 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. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. For more on risks, please read the prospectus.

  • Read more about using ProShares Inverse Bond ETFs to hedge interest rate risk.
  • Learn more about considerations for geared investing.

Index/Benchmark Summary

Markit iBoxx® $ Liquid High Yield Index is a modified market-value weighted index designed to provide a balanced representation of U.S. dollar-denominated high yield corporate bonds for sale within the United States by means of including the most liquid high yield corporate bonds available as determined by the index provider. Currently, the bonds eligible for inclusion in the Index include U.S. dollar-denominated, corporate bonds for sale in the United States that are issued by companies domiciled in the U.S., Bermuda, Canada, Cayman Islands, Western Europe or Japan; are rated sub-investment grade by Moody’s Investors Service, Inc., Fitch, Inc. or Standard and Poor's Financial Services, LLC; are from issuers with at least $1 billion par outstanding; have at least $400 million of outstanding face value; and are between three and fifteen years to maturity. There is no limit to the number of issues in the Index. Index rebalances occur monthly.

Yield as of 9/30/19

Weighted Average Yield to Maturity 5.90%

Fundamentals as of 9/30/19

Total Number of Issues 955
Modified Duration 4.15 Years
Weighted Average Maturity 5.25 Years
Weighted Average Coupon * 6.13%
Weighted Average Price $101.69

* = Derivative contracts are priced to reflect the underlying index yield but may generate interest income.

Index Holdings Information as of 9/30/19

Top 10 Index Constituents Weight
CCO Holdings LLC / CCO Holdings Capital Corp., 5.13%, 05/01/2027 7.59%
Diamond Sports Group LLC / Diamond Sports Finance Co., 5.38%, 08/15/2026 6.88%
Altice France SA, 7.38%, 05/01/2026 6.59%
TransDigm Inc., 6.25%, 03/15/2026 6.46%
Bausch Health Cos. Inc., 6.13%, 04/15/2025 5.54%
Intelsat Jackson Holdings SA, 8.5%, 10/15/2024 5.04%
Sprint Corp., 7.88%, 09/15/2023 3.96%
CHS / Community Health Systems Inc., 6.25%, 03/31/2023 3.50%
Tenet Healthcare Corp., 8.13%, 04/01/2022 2.50%
Reynolds Group Issuer Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 5.75%, 10/15/2020 1.04%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Holdings as of 9/30/19

Index Sector Weightings ± Weight
Consumer Services 21.15%
Utilities & Energy 20.73%
Industrials & Materials 18.74%
Telecommunications & Technology 12.98%
Financials 9.32%
Consumer Goods 9.11%
Health Care 7.96%

± Sum of weightings may not equal 100% due to rounding.