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Proshares Short 20 Year Treasury

Ticker: TBF

ProShares Short 20+ Year Treasury (TBF) is an exchange-traded fund (ETF) that seeks to provide investment results, before fees and expenses, that track the performance of the Bloomberg 20+ Year US Treasury Securities Index. The index is designed to measure the performance of U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years.

TBF uses a combination of various investment strategies, including short selling, futures contracts, and other derivatives, in an attempt to achieve its investment objective. The ETF is designed to provide investors with a convenient and cost-efficient way to hedge their exposure to the U.S. Treasury market or to seek profits from a decline in the value of long-term Treasury securities.

It's important to note that investing in TBF, like any leveraged or inverse ETF, involves significant risks, and may not be suitable for all investors. These risks include the possibility of large losses, and the fund is subject to certain risks associated with the use of derivatives, such as futures contracts, swap agreements, and options. Additionally, the value of TBF may be influenced by changes in interest rates, including the risk that the value of TBF may decline as interest rates rise.

As with any investment, investors should carefully consider the investment objectives, risks, charges, and expenses of TBF before investing. This information can be found in the prospectus and summary prospectus, which can be obtained by visiting the ProShares website or by contacting a financial professional.