Performance & Risk: TBT

PROSHARES ULTRASHORT LEHMAN 20 PLUS YEAR TREASURY

29.21down-0.63 (-2.11%)

 as of 8:00:00pm ET 07/17/2019

Premium / Discount to NAV as of 06/28/2019

Premium Chart
Date Average
06/2019 -0.04%
05/2019 -0.04%
04/2019 -0.08%
03/2019 -0.07%
02/2019 -0.12%
01/2019 -0.04%
12/2018 0.01%
11/2018 -0.05%
10/2018 -0.02%
09/2018 -0.07%
08/2018 -0.01%
07/2018 -0.04%
1 Year Average-0.05%

Growth of Hypothetical $10,000 * as of 06/30/2019

Growth Chart
Date Value
06/30/2019 $1,963.87
12/31/2018 $2,385.29
12/31/2017 $2,253.41
12/31/2016 $2,709.17
12/31/2015 $2,937.72
12/31/2014 $3,106.12
12/31/2013 $5,300.05
12/31/2012 $4,188.05
12/31/2011 $4,830.26
12/31/2010 $9,839.61
12/31/2009 $13,354.72

Cumulative Total Returns As of 07/17/2019

NAV Return Market Return ICE U.S. Treasury 20+ Year Bond Index
AS OF 07/17/2019
YTD -16.52% -16.15% +10.40%
5 Day -0.09% -0.20% +0.06%
4 Week +0.81% +0.58% -0.35%
13 Week -14.49% -14.75% +8.53%
6 Month -17.97% -17.95% +11.33%
52 Week -17.27% -17.46% +11.53%

Month-End Average Annual Total Returns And Risks As of 06/30/2019

Returns Volatility (vs. Market Benchmark)
Average NAV Return Market Return Benchmark Index
(ICE U.S. Treasury 20+ Year Bond Index)
AS OF 06/30/2019
Market Benchmark
(Bloomberg Barclays US Aggregate Bond Index)
AS OF 06/30/2019
Alpha R2 Beta Standard
Deviation
Sharpe
Ratio
1 Year -18.22% -18.27% +12.27% +7.87% 30.37% 82.05% -5.80% 17.45% -1.18%
3 Year -2.68% -2.40% +0.34% +2.31% 0.08% 0.02% 0.00% 19.99% -0.19%
5 Year -13.44% -13.46% +5.33% +2.95% -- -- -- 23.33% -0.62%
10 Year -17.56% -17.57% +6.28% +3.89% -- -- -- 27.18% -0.66%
Life -18.25% -18.13% +6.30% +3.98% -- -- -- 28.66% -0.65%
Life as of NAV inception date: 04/29/2008   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Quarter-End Average Annual Total Returns As of 06/30/2019

Return Before Taxes (pre-tax) Return After Taxes On Distribution (post tax) Return After Taxes On Distribution
& Sale of Fund Shares (liquidation)
Average NAV Return Market Return NAV Return Market Return NAV Return Market Return
1 Year -18.22% -18.27% -18.73% -18.77% -10.74% -10.77%
3 Year -2.68% -2.40% -2.92% -2.64% -2.11% -1.90%
5 Year -13.44% -13.46% -13.57% -13.59% -9.50% -9.51%
10 Year -17.56% -17.57% -17.62% -17.63% -10.01% -10.02%
Life -18.25% -18.13% -18.31% -18.19% -9.74% -9.71%
Life as of NAV inception date: 04/29/2008   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.
Gross Expense Ratio: 0.89%

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.

Risk

Leveraged and Inverse ETPs entail unique risks and are intended for sophisticated investors. They are not designed for investors who seek to track an index over a long period of time. An inverse ETP attempts to mimic the opposite of the performance of its stated benchmark. A leveraged ETP seeks to generate a return that is a multiple of its benchmark index's performance. Both seek results over a pre-set time period indicated in the prospectus or offering circular. That time period is often one day. As a result, their returns can differ significantly, both positively and negatively, from that of their benchmark index, especially over investment periods lasting longer than one day. Investors should, therefore, monitor their holdings consistent with their strategies, as frequently as daily.

In general, fixed income ETPs carry risks similar to those of bonds, including interest rate risk (as interest rates rise bond prices usually fall, and vice versa), issuer or counterparty default risk, issuer credit risk, inflation risk and call risk. Unlike individual bonds, many fixed income ETPs do not have a maturity date, so a strategy of holding a fixed income security until maturity to try to avoid losses associated with bond price volatility is not possible with those types of ETPs. Certain fixed income ETPs may invest in lower quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

Exchange traded products (ETPs) are subject to market volatility and the risks of their underlying securities which may include the risks associated with investing in smaller companies, foreign securities, commodities and fixed income investments. Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which are magnified in emerging markets. ETPs that target a small universe of securities, such as a specific region or market sector are generally subject to greater market volatility as well as the specific risks associated with that sector, region or other focus. ETPs which use derivatives, leverage, or complex investment strategies are subject to additional risks. The return of an index ETP is usually different from that of the index it tracks because of fees, expenses and tracking error. An ETP may trade at a premium or discount to its Net Asset Value (NAV) (or Indicative Value in the case of ETNs). Each ETP has a unique risk profile which is detailed in its prospectus, offering circular or similar material, which should be considered carefully when making investment decisions.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock Inc., and its affiliates.

FBS receives compensation from the funds advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETFs prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

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