ProShares UltraShort 20+ Year Treasury

ProShares UltraShort 20+ Year Treasury is a leveraged inverse exchange-traded fund focused on the U.S. fixed income market. The fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index, which is composed of long-duration U.S. Treasury securities with remaining maturities greater than twenty years. To achieve this exposure, ProShares UltraShort 20+ Year Treasury primarily uses derivatives such as swap agreements and futures contracts, supported by cash and U.S. government securities collateral. The ETF is designed as a tactical tool for market participants who need inverse exposure to long-term U.S. Treasury price movements, typically in the context of interest rate risk management or short-term trading strategies. Classified within the inverse bonds and Treasury & government categories, it offers a liquid, transparent vehicle for accessing amplified inverse moves in long-term U.S. government bond prices within today’s bond and rates markets. ProShares UltraShort 20+ Year Treasury is managed by ProShare Advisors and is domiciled in the United States.