ProShares To Begin Trading The Ultra 20+ Year Treasury ETF (UBT) Tomorrow January 21st

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January 20, 2010 11:01am ETF BASIC NEWS NYSE:UBT

new6ProShares is set to begin trading the “Ultra 20+ Year Treasury ETF” (UBT), tomorrow, January 21st. This is a leveraged fund that will seek daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to


 twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than one day.

Principal Investment Strategies

The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in U.S. dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding. The Index is weighted by the relative market value of all securities meeting the Index criteria. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes (TINs), U.S. Treasury inflation protected securities (TIPs), state and local government series bonds (SLGs), and coupon issues that have been stripped from assets already included. The Index is published under the Bloomberg ticker symbol “LT11TRUU.” Assets of the Fund not invested in derivatives will typically be held in money market instruments.

Shareholder Fees (fees paid directly from your investment)

 

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

Investment Advisory Fees

   0.75%

Distribution and Service (12b-1) Fees

   0.00%

Other Expenses

   [    ]%
      

Total Gross Annual Operating Expenses

   [    ]%

Fee Waiver/Reimbursement*

   [    ]%
      

Total Net Annual Operating Expenses

   0.95%
      

For the full prospectus click: HERE

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