Key stats
About ProShares Short High Yield
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Inception date
Mar 21, 2011
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SJB offers a bet against high-yield bonds. The fund delivers the inverse (-1x) of daily returns of a high-yield USD-denominated bond index that comprises issues ranging between 3 and 15 years to maturity. However, the daily reset will prevent the inverse relationship from holding true for more than one day. As a levered product with -1x factor that resets daily, SJB is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. Over longer periods, returns can vary significantly from -1x exposure to its underlying index. Holding it for a period longer will introduce the effects of compounding, even if this is less pronounced in a non-leveraged product.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government112.99%
Cash−12.99%
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