Key stats
About ProShares Ultra 20+ Year Treasury
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Inception date
Jan 19, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
UBT provides daily 2x exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, UBT gives investors 2x exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the 2x leverage results in greater impact from the effects of compounding. As a levered product, UBT is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to Oct. 14, 2016, UBT changed its underlying index from the Bloomberg Barclays U.S. 20+ Year Treasury Bond Index to the ICE U.S. Treasury 20+ Year Bond Index. The change had minimal impact on investor's exposure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Government
Bonds, Cash & Other100.00%
Cash71.49%
Government28.51%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
UBT last dividends amounted to 0.14 USD. The quarter before, the issuer paid 0.21 USD in dividends, which shows a 53.27% decrease.
UBT assets under management is 156.92 M USD. It's risen 3.54% over the last month.
UBT fund flows account for 86.59 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, UBT pays dividends to its holders with the dividend yield of 4.83%. The last dividend (Apr 1, 2025) amounted to 0.14 USD. The dividends are paid quarterly.
UBT shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jan 19, 2010, and its management style is Passive.
UBT expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
UBT follows the US Treasury 20+ Year Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UBT invests in cash.
UBT price has fallen by −9.12% over the last month, and its yearly performance shows a −13.54% decrease. See more dynamics on UBT price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.18% over the last month, showed a −10.66% decrease in three-month performance and has decreased by −14.11% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.18% over the last month, showed a −10.66% decrease in three-month performance and has decreased by −14.11% in a year.
UBT trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.