The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Barclays U.S. 20+ Year Treasury Bond Index.
The fund invests in securities and derivatives, that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) 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, are fixed rate, and have more than $250 million par outstanding. The fund is non-diversified.
Please carefully consider the ETF's investment objectives, risks, charges and expenses before investing. ETFs may be complex in nature, investing involves risk including possible loss of principal. Before investing, PSPL recommends investors to read the Prospectus from the respective Issuer's website carefully. PSPL does not provide any advice on the funds. ETFs are Specified Investment Products (SIPs) and retail customers are subject to relevant assessments for trading/investing in SIPs.