UBT Fund Description
The ProShares Ultra 20+ Year Treasury ETF provides 2x exposure to a market-value-weighted index of US Treasury securities with remaining maturities greater than 20 years.
UBT Factset Analytics Insight
UBT provides daily leveraged (2x) exposure to the ICE U.S. Treasury 20+ Year Bond Index. It holds a combination of index swaps, US long bond futures, and Treasury bonds with at least 20 years remaining to maturity to deliver the leveraged return pattern. As a result, UBT is a hugely sensitive bet on declining interest rates. Due to daily reset and compounding, UBT is not designed as a long-term fixed-income investing instrument, which means its high fees matter less than its trading costs. On this score, UBT is decent but hardly a standout, with middling volume and sizeable spreads most days.
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 on 10/14/2016. The change has minimal impact on investor's exposure.
UBT MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of January 11, 2018 the ProShares Ultra 20+ Year Treasury MSCI ESG Fund Quality Score is 6.86 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. UBT ranks in the 0th percentile within its peer group and in the 90th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
UBT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UBT. UBT is rated a 5 out of 5.