ProShares Launches Two New Inverse Treasury ETFs by EON


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									ProShares Launches Two New Inverse Treasury
Expands Lineup of Inverse Bond ETFs to Eight

April 05, 2011 09:52 AM Eastern Daylight Time 

BETHESDA, Md.--(EON: Enhanced Online News)--ProShares, a premier provider of alternative exchange traded
funds (ETFs), today announced the launch of two new ETFs that provide inverse exposure to the U.S. Treasury

The ProShares UltraShort 3-7 Year Treasury (NYSE: TBZ) is the first ETF in the United States to provide inverse
exposure to the 3-7 year segment of the U.S. Treasury market. TBZ seeks to provide -2x the daily performance of
the Barclays Capital U.S. 3-7 Year Treasury Bond Index, before fees and expenses. The ProShares Short 7-10
Year Treasury (NYSE: TBX) seeks to provide -1x the daily performance of the Barclays Capital U.S. 7-10 Year
Treasury Bond Index, before fees and expenses. Both ETFs list on NYSE Arca today.

“Our lineup of inverse bond ETFs has been extremely popular, garnering more than $7 billion of assets since
launching less than three years ago,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC,
ProShares' investment advisor. “We are pleased to add two additional ETFs to the set of tools available to investors
concerned about a possible pullback in bonds.” 

TBZ and TBX bring ProShares’ lineup of inverse bond ETFs to eight. Six of the eight ETFs are benchmarked to a
Treasury bond index. One is benchmarked to a high yield bond index (NYSE: SJB) and one to an investment grade
bond index (NYSE: IGS). SJB and IGS both launched in the past two weeks.

                                Ticker                                                            Daily
ProShares                                       Index
                                Symbol                                                            Objective*
New Inverse Bond ETFs
                                                Barclays Capital U.S. 3-7 Year Treasury Bond
UltraShort 3-7 Year Treasury TBZ                                                              -2x
                                                Barclays Capital U.S. 7-10 Year Treasury Bond
Short 7-10 Year Treasury        TBX                                                           -1x
Existing Inverse Bond ETFs
                                                Barclays Capital U.S. 20+ Year Treasury Bond
UltraShort 20+ Year Treasury TBT                                                              -2x
                                                Barclays Capital U.S. 20+ Year Treasury Bond
Short 20+ Year Treasury         TBF                                                           -1x
                                                Barclays Capital U.S. 7-10 Year Treasury Bond
UltraShort 7-10 Year Treasury PST                                                             -2x
                                                Barclays Capital U.S. Treasury Inflation
UltraShort TIPS                 TPS                                                           -2x
                                                Securities (TIPS) Index (Series-L)
Short High Yield                SJB             Markit iBoxx $ Liquid High Yield Index            -1x
Short Investment Grade
                                IGS             Markit iBoxx $ Liquid Investment Grade Index      -1x

* Before fees and expenses

About ProShares
ProShares is a premier provider of alternative ETFs, with 119 funds and more than $26 billion in assets. ProShares
offers the largest family of geared (leveraged and inverse) ETFs.1 ProShares is part of ProFunds Group, which was
founded in 1997 and includes more than $32 billion in mutual fund and ETF assets.2

1 Source: Lipper, based on a worldwide analysis of all of the known providers of funds in these categories. The
analysis covered ETFs, ETNs and mutual funds by the number of funds and assets as of 6/30/2010.

    Assets as of 3/11/2011.

Leveraged and inverse ProShares and ProFunds seek returns that are multiples or inverse multiples (e.g., 2x, -2x) of
the return of an index or other benchmark (target) for a single day . Due to the compounding of daily returns,
leveraged and inverse ProShares’ and ProFunds’ returns over periods other than one day will likely differ in amount
and possibly direction from the target return for the same period. Investors should monitor their holdings consistent
with their strategies, as frequently as daily, and rebalance if necessary. A rebalancing strategy involves transaction
costs and may have tax consequences.


Investing involves risk, including the possible loss of principal. ProShares and ProFunds 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. Bond values will fall when interest rates rise. High yield bonds may involve
greater levels of interest rate, credit, liquidity and valuation risk than for higher-rated instruments. Short and
UltraShort ProShares and ProFunds should lose money when their benchmarks or indexes rise. See the prospectus
for a more complete description of risks. There is no guarantee any ProShares ETF or ProFund will achieve its
investment objective.

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

ProShares Treasury ETFs are benchmarked to Barclays Capital indexes. Barclays Capital and Barclays Capital Inc.
are trademarks of Barclays Capital Inc. ProShares Short High Yield and Short Investment Grade Corporate ETFs
are benchmarked to iBoxx® indexes. iBoxx is a registered trademark of Markit Indices Limited. All have been
licensed for use by ProShares. ProShares have not been passed on by these entities or their affiliates as to their
legality or suitability. ProShares are not sponsored, endorsed, sold, or promoted by these entities or their affiliates
and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND

"ProFunds Group" includes ProFunds mutual funds and ProShares ETFs. ProFunds mutual funds are distributed by
ProFunds Distributors, Inc.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with ProShare Advisors.

Hewes Communications, Inc.
Tucker Hewes, 212-207-9451
ProShares, 866-776-5125

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