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TBX

Short 7-10 Year Treasury

Investment Objective

ProShares Short 7-10 Year Treasury seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q3 2022
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
TBX Market Price -0.63% 7.52% 10.54% 9.99% 8.04% -0.18% -0.47% -1.78% -3.34% 04/04/2011
TBX NAV -0.77% 7.50% 10.34% 10.03% 7.67% -0.25% -0.52% -1.77% -3.35% 04/04/2011

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. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. 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 above.

About the Fund

Snapshot
  • Ticker TBX
  • Intraday Ticker TBX.IV
  • CUSIP 74348A608
  • Inception Date 4/4/11
  • Expense Ratio 0.95%
  • Gross Expense Ratio 1.10%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 7/01/2022
  • NAV $26.65
  • NAV Change $-0.31 down caret
  • Market Price $26.65
  • Market Price Change $-0.31 down caret
  • Trading Volume (M) 235,483
  • 30-Day Median Bid Ask Spread 0.04%
  • View Premium / Discount
Snapshot
  • Ticker TBX
  • Intraday Ticker TBX.IV
  • CUSIP 74348A608
  • Inception Date 4/4/11
  • Expense Ratio 0.95%
  • Gross Expense Ratio 1.10%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 7/01/2022
  • NAV $26.65
  • NAV Change $-0.31 down caret
  • Market Price $26.65
  • Market Price Change $-0.31 down caret
  • Trading Volume (M) 235,483
  • 30-Day Median Bid Ask Spread 0.04%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/22.

Exposures

Index as of 3/31/2022

Holdings

as of 7/01/2022

Weight Ticker Description Coupon Rate Maturity Date Exposure Value
(Notional + GL)
Market Value Shares/Contracts
13.55% -- UNITED STATES OF AMERICA BILL ZERO CPN 15/SEP/2022 USD 100 -- -- -- $24,919,458.25 25,000,000
13.52% -- UNITED STATES OF AMERICA BILL ZERO CPN 13/OCT/2022 USD 100 -- -- -- $24,866,389.00 25,000,000
-- -- TREASURY BILL 0.00% 08/18/2022 -- $24,957,426.00 25,000,000
-- -- NET OTHER ASSETS (LIABILITIES) -- -- -- $109,148,015.55 109,148,016
-0.39% -- US 10YR NOTE (CBT) BOND 21/SEP/2022 TYU2 COMDTY -- -- -716,531 -- -06
-13.27% -- ICE 7-10 YEAR U.S. TREASURY INDEX SWAP BANK OF AMERICA NA -- -- -24,404,604 -- -223,424
-87.11% -- ICE 7-10 YEAR U.S. TREASURY INDEX SWAP CITIBANK NA -- -- -160,192,349 -- -1,466,560

Index

as of 3/31/2022

  • Total Number of Issues15
  • Modified Duration8.13 Years
  • Weighted Average Maturity8.70 Years
  • Weighted Average Coupon1.37%
  • Weighted Average Yield to Maturity2.35%
About the Index

The ICE U.S. Treasury 7-10 Year Bond Index includes publicly-issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten 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.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series Research & Insights

Part I: The Significance of Portfolio Hedging

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

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

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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, 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.

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. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. 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 above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

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

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

Investing involves risk, including the possible loss of principal. Short ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks rise. Please see their summary and full prospectuses for a more complete description of risks.

Bonds will decrease in value as interest rates rise.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "ICE U.S. Treasury 7-10 Year Bond Index" is a trademark of Intercontinental Exchange, Inc. ("ICE") and has been licensed for use by ProShares. ProShares have not been passed on by ICE as to their legality or suitability. ProShares based on ICE indexes are not sponsored, endorsed, sold or promoted by ICE or its affiliates, and they make no representation regarding the advisability of investing in ProShares, or the ability of the index to track general financial market performance. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE ICE INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL THIS ENTITY OR ITS AFFILIATES HAVE ANY LIABILITY FOR DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

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

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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