ProShares Trust - ProShares Ultra 20+ Year Treasury is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the fixed income markets of the United States. It invests directly and through derivatives such as futures contracts and swap agreements to invest in U.S. dollar denominated investment grade U.S. Treasury securities with maturity greater than 20 years and that are rated as at least Baa3 by Moody’s or BBB- by S&P. The fund also invests in money market instruments. It seeks to replicate twice the daily performance of the ICE U.S. Treasury 20+ Year Bond Index, by using full replication technique. ProShares Trust - ProShares Ultra 20+ Year Treasury was formed on January 19, 2010 and is domiciled in the United States.

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