UltraPro Short 20+ Year Treasury - TTT UltraPro Short 20+ Year Treasury

ProShares UltraPro Short® 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.

This short ProShares ETF seeks a return that is -3x 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, holding periods of greater than one day can result in returns that are significantly different than the target return and 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. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

ProShares Perspective on New SEC Regulations of Mutual Funds and ETFs
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  • Read more about ProShares Geared Treasury Bond ETFs.
  • Learn more about considerations for geared investing.

Index/Benchmark Summary

The ICE U.S. Treasury 20+ Year Bond Index includes publicly- issued U.S. Treasury securities that have a remaining maturity greater than 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 guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.

Yield as of 3/31/21

Weighted Average Yield to Maturity 2.39%

Fundamentals as of 3/31/21

Total Number of Issues 40
Modified Duration 18.80 Years
Weighted Average Maturity 25.9 Years
Weighted Average Coupon * 2.63%
Weighted Average Price $104.14

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

Index Holdings Information as of 3/31/21

Top 10 Index Constituents Weight
U.S. Treasury Bonds, 3.375%, 11/15/2048 3.95%
U.S. Treasury Bonds, 3%, 02/15/2049 3.94%
U.S. Treasury Bonds, 2.875%, 05/15/2049 3.88%
U.S. Treasury Bonds, 3%, 08/15/2048 3.68%
U.S. Treasury Bonds, 2.25%, 08/15/2049 3.44%
U.S. Treasury Bonds, 2%, 02/15/2050 3.43%
U.S. Treasury Bonds, 3.125%, 05/15/2048 3.43%
U.S. Treasury Bonds, 1.25%, 05/15/2050 3.29%
U.S. Treasury Bonds, 3%, 02/15/2048 3.15%
U.S. Treasury Bonds, 2.375%, 11/15/2049 3.05%

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